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FIRST AMENDMENT TO CHANGE IN CONTROL SEVERANCE PAY AGREEMENT

Change of Control Agreement

FIRST AMENDMENT TO CHANGE IN CONTROL SEVERANCE PAY AGREEMENT | Document Parties: GOLDLEAF FINANCIAL SOLUTIONS INC. | Jack Henry & Associates, Inc You are currently viewing:
This Change of Control Agreement involves

GOLDLEAF FINANCIAL SOLUTIONS INC. | Jack Henry & Associates, Inc

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Title: FIRST AMENDMENT TO CHANGE IN CONTROL SEVERANCE PAY AGREEMENT
Date: 8/19/2009
Industry: Business Services     Sector: Services

FIRST AMENDMENT TO CHANGE IN CONTROL SEVERANCE PAY AGREEMENT, Parties: goldleaf financial solutions inc. , jack henry & associates  inc
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Exhibit 10.4

 

FIRST AMENDMENT TO

CHANGE IN CONTROL SEVERANCE PAY AGREEMENT

 

This First Amendment to Change in Control Severance Pay Agreement (the “Amendment”) is made and entered into as of August 16, 2009, by and between Goldleaf Financial Solutions, Inc. (“Company”), and Dan Owens (“Employee”).

 

W I T N E S S E T H:

 

WHEREAS, Employee and Company previously entered into an Amended and Restated Change in Control Severance Pay Agreement dated May 13, 2009 (the “Agreement”);

 

WHEREAS, Company is contemplating a merger with a wholly-owned subsidiary of Jack Henry & Associates, Inc. (“JKH”) and (the “JKH Merger”);

 

WHEREAS; the Board of Directors of Company has requested and Employee has agreed to a reduction in certain amounts payable to Employee in connection with the JKH Merger in order to directly increase the merger consideration payable to shareholders of the Company by an equivalent amount; and

 

WHEREAS, as a condition precedent to such increase, JKH has required the execution of this Amendment by Employee.

 

NOW, THEREFORE, in consideration of the mutual promises and agreements made herein, and


 
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