METAVANTE TECHNOLOGIES, INC. AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT OF FRANK R. MARTIRE
Exhibit 10.1
AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT
OF
XXXXX X. XXXXXXX
THIS AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT is made as of the 1st day of November, 2008 by and between Metavante Technologies, Inc., a Wisconsin corporation (“Metavante Technologies”), and Xxxxx X. Xxxxxxx (the “Executive”).
RECITALS
WHEREAS, Metavante Technologies and the Executive are parties to that certain Employment Agreement (the “Employment Agreement”) dated as of November 1, 2007; and
WHEREAS, the parties wish to amend the Employment Agreement to reflect a change in the Executive’s title;
NOW, THEREFORE, the parties hereby agree as follows:
1. Section 3(a) of the Employment Agreement is hereby amended to change the Executive’s title from “President and Chief Executive Officer” to “Chairman of the Board and Chief Executive Officer”.
2. Section 10(b)(ii)(C) is revised to read “a material diminution of the Executive’s title from Chairman of the Board and Chief Executive Officer. “
3. Except as set forth above, no other changes are made to the Employment Agreement and the Employment Agreement remains in full force and effect.
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date set forth above.
| METAVANTE TECHNOLOGIES, INC. | ||
| By: | /s/ Xxxxxx X. Xxxxxx, Xx. | |
| Name: | Xxxxxx X. Xxxxxx, Xx. | |
| Title: | Senior Executive Vice President, General Counsel and Secretary | |
| /s/ Xxxxx X. Xxxxxxx | ||
| Xxxxx X. Xxxxxxx | ||
