Exhibit 10.5.4
THIRD AMENDMENT TO EMPLOYMENT AGREEMENT
THIS THIRD AMENDMENT TO EMPLOYMENT AGREEMENT, dated as of April 2, 2003, is
by and between InteliData Technologies Corporation, a Delaware corporation and
Xxxxxx X. Xxxxxxxx, Xx. ("Executive") and amends the Employment Agreement dated
April 5, 1999, and previously amended on April 5, 2002 and January 14, 2003,
between InteliData and the Executive as follows:
1. Section 4 (a) of the Employment Agreement shall be replaced in its
entirety by the following:
"Base Salary. Executive shall receive a base salary of $375,000 per
annum payable in accordance with the payroll procedures for
InteliData's salaried employees in effect from time to time during the
term of this Agreement."
IN WITNESS WHEREOF, the parties have executed this THIRD AMENDMENT TO
EMPLOYMENT AGREEMENT as of the second day of April 2003.
InteliData Technologies Corporation
By: /s/ Xxxxxxx X. Xxxxxx
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Xxxxxxx X. Xxxxxx
Chairman, Compensation Committee of
the Board of Directors
/s/ Xxxxxx X. Xxxxxxxx, Xx.
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Xxxxxx X. Xxxxxxxx, Xx.