AMENDMENT NO. 2 TO THE BISYS GROUP, INC. 2006 EMPLOYEE STOCK PURCHASE PLAN

Employee Benefits Plan Agreement

You are currently viewing:

This Employee Benefits Plan Agreement involves

BISYS GROUP, INC

. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here.

Title: AMENDMENT NO. 2 TO THE BISYS GROUP, INC. 2006 EMPLOYEE STOCK PURCHASE PLAN
Date: 1/4/2007
Industry: CMPSRV Sector: TECHNO

Search Employee Benefits Plan Agreement by:

AMENDMENT NO. 2
TO
THE BISYS GROUP, INC.
2006 EMPLOYEE STOCK PURCHASE PLAN

1. Section 4.01 of the Plan is amended to read as follows:

"4.01. Number of Shares . The total number of shares of Common Stock for which Options may be granted under this Plan shall not exceed in the aggregate eight hundred thousand (800,000) shares of Common Stock. The Plan will be implemented by an Offering of shares of Common Stock (the "Offering"). The Offering shall begin on October 10, 2006 and shall terminate on February 9, 2007."

2. Subsection (b) of Section 7.03 of the Plan ("Option Price") is amended to read as follows:

"(b) 85% of the fair market value of a share of Common Stock subject to the Option on February 9, 2007, based upon the last sale price of a share of Common Stock on the New York Stock Exchange on that date."

3. Section 8.01 of the Plan is amended to read as follows:

"8.01. Automatic Exercise . Unless a Participant gives written notice to the Company of withdrawal pursuant to Section 9.01, his Option to acquire Common Stock with payroll deductions made during any Offering will be deemed to have been exercised automatically on February 9, 2007 for the purchase of the number of shares of Common Stock which the accumulated payroll deductions in his account at that time will purchase at the applicable Option price (but not in excess of the number of shares of Common Stock for w