Exhibit 10.18.1
RENEWAL ADDENDUM
THIS ADDENDUM ("Addendum") to that certain Agreement for Information Technology
Services ("Agreement") between ELECTRONIC DATA SYSTEMS CORPORATION ("EDS") and
THE XXXXX NATIONAL BANK ("Customer"), dated June 5, 1992, is between Customer
and EDS. To the extent that any provision of the Agreement or Addendum is
inconsistent with this Addendum, this Addendum will control.
The parties agree to amend the Agreement as follows:
1. Section 2.1 of the Agreement is hereby amended in its entirely to read
as follows:
Term. This agreement will begin on June 6, 1997 and, unless terminated
earlier under Section 7.2, 7.3, 7.4, or 9.5, will continue for a
period of one (1) year until June 5, 1998 ("Renewal Term").
Thereafter, this Agreement will not automatically renew.
2. Schedule C Service Charges, Section 2 - Charges for Conversion
Services is hereby amended in its entirely to read as follows:
All additional conversions (acquisitions) for Customer shall be at
EDS' then current rate. This charge will vary dependent upon processor
and number of application systems converted.
3. Customer will convert to the ITI Standard transaction code no later
than July 3, 1997.
4. Customer will convert to image check capture no later than August 1,
1997. Customer's parallel image statements/traditional statements will
begin with all statement cycles after August 31, 1997 and the parallel
period will be no longer than two (2) statements cycles.
5. Four (4) originals of this Addendum will be executed and submitted to
EDS by Customer. EDS will return one (1) of the executed originals to
Customer.
6. Except as amended by this Addendum, the Agreement will be and remain in
full force and effect in accordance with its terms. Capitalized terms
used in this Addendum will be as defined in the Agreement unless
otherwise expressly defined in this Addendum.
IN WITNESS WHEREOF, the parties have executed this addendum as of the 12th day
of June, 1997
ELECTRONIC DATA SYSTEMS CORPORATION THE XXXXX NATIONAL BANK
By:____________________________________ By:___________________________
Printed Printed
Name: __________________________________ Name:________________________
Title:___________________________________ Title:_________________________
Date:___________________________________ Date:_________________________
