August 5, 2008 John Arthur Stone Dear John:Covenants Agreement • August 8th, 2008 • S1 Corp /De/ • Services-computer programming, data processing, etc. • Georgia
You have tendered your resignation from S1 Corporation (the “Company”) effective August 5, 2008 (the “Separation Date”). In order to ensure a smooth transition of responsibilities, the Company has agreed to engage you on a consulting basis and make certain payments to you as set forth in this letter agreement (“Agreement”), which sets forth the terms under which your employment with the Company is ending. We desire to resolve any and all issues relating to your employment and the conclusion of your employment with the Company amicably on mutually satisfactory terms. Specifically, you (“You” or “Your”) and the Company (collectively, the “Parties”) agree:
