Advent Software 10-K 2009 FY Annual report

Exhibit 10.16

Description of Director Compensation*

Compensation Element	Terms or Amounts
General Board Service—Cash	•       Board retainer: $30,000
	•       Board meeting fees: none
General Board Service—Equity	•       Initial grant value of $200,000; comprised of 70% stock-settled stock appreciation rights ("SS-SAR's") and 30% restricted stock units ("RSU's")
	•       Annual grant value of $120,000; comprised of 70% SS-SAR's and 30% RSU's
Equity Vesting	•       Initial grant:
		SS-SAR's: 4-year vest; 25% cliff vest after one year and monthly thereafter
		RSU's: 4-year vest; 50% after two years and 50% on the four year anniversary of the grant date
	•       Annual grant: 100% vest one year after the date of grant.
	•       If a director resigns from the Board at an annual meeting that is within 30 days of the first anniversary of the date of grant, 100% of the annual grant will vest on the first anniversary of the date of grant
	•       Directors are eligible for an annual grant in their first year of service only if their election was at least 6 months prior to the annual grant
Board Chair Compensation	•       $10,000 additional Board Service retainer (i.e., total Board Service retainer of $40,000)
	•       Receives same Committee member/chair retainers and equity awards as other Directors
Committee Service	•       Non-employee directors are entitled to receive annual cash retainers for their service on the Committees as set forth in the table below:

Committee	Chair		Member
Audit	$	25,000	$	15,000
Compensation	$	15,000	$	10,000
Nominating & Governance	$	10,000	$	5,000

*

As clarified February 11, 2010.