Official Payments Inactive 10-K2007 FY Annual report

Filed: 14 Dec 07, 12:00am

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Good

New words: AAA, Agent, chart, CISCO, coercive, comparison, compatible, Composite, Connell, contrasted, de, Deltacom, delucca, denying, departure, disparate, divergent, divest, divesting, divestiture, driver, eighteen, entirety, exceeded, explained, false, foregoing, fringe, fromdiscontinued, gradually, graph, heading, inactive, incompatible, Insider, instrument, irrevocable, ITC, john, Keane, Kevin, misleading, motion, narrow, Nortel, Oracle, organizational, outplacement, outweigh, pace, plagued, plaintiff, platform, prescribed, profitablility, PSI, purported, recipient, reclassification, referenced, reinvestment, relisting, rest, running, Russell, SAP, slight, smaller, smooth, soliciting, stability, stone, stream, stringent, Sungard, supersede, sustainable, Taxation, telecom, TouchNet, Treasury, turnover, uncertain, undertook, unfair, upcoming, USD, validation, verification, VSA, wind, winding, World

Removed: abandoned, affecting, analyze, APB, array, assist, assumed, attracting, bear, borrowing, broaden, broadened, cancellation, Ciber, clause, closing, commissioned, commitment, communication, consisted, deductible, description, designated, discretionary, dispute, dissatisfaction, earlier, education, enable, enhance, environment, exercisable, exiting, forgiven, geographical, harmed, inclusion, incurrence, initial, initiated, interface, involuntary, involve, Kingdom, LIBOR, listing, lived, LLC, location, lost, marginal, modified, municipal, NIC, original, outsource, paper, penalty, Pennsylvania, point, preliminarily, priority, procurement, quantitative, receiving, recommended, recording, reliable, relied, remediation, restrictive, retaining, revolving, SAB, secondary, seizure, standby, streamline, substantially, suite, Tata, TCS, telephone, television, terminable, transactional, treatment, undertaken, unvested, vertical, view, worldwide

Search this filing

Filing tables

Export all tables to Excel

Filing exhibits

Related press release

Official Payments similar filings

Filing view

Default size S M L
Default font Times Arial

External links

Share this filing

Exhibit 10.68

AMENDMENT NO. 1 TO

SEPARATION AGREEMENT AND RELEASE

This Amendment No. 1 to the Separation Agreement and Release dated February 12, 2007 (the “Agreement”) between Tier Technologies, Inc., (the “Company”) and Todd F. Vucovich (the “Employee”) (collectively the “parties”) is effective as of November 15, 2007.

WHEREAS, the parties wish to amend the Agreement;

NOW, THEREFORE, in consideration of the promises and conditions set forth herein, the sufficiency of which is hereby acknowledged, the Company and the Employee hereby amend the Agreement as follows:

1. Separation Date. The Employee’s effective date of separation from the Company shall be December 31, 2007 (the “Separation Date”).

2. Fulfillment of Obligations. Provided Employee remains an employee of the Company through December 31, 2007, Employee shall be deemed to have fulfilled all obligations under the Agreement and shall be entitled to all benefits thereunder.

3. Separation Pay. Upon the Separation Date, the Company agrees to pay the Employee the separation payments as set forth in Section 4 of the Agreement. In addition to those amounts, the Company shall pay Employee $10,000, less all applicable state and federal taxes and withholdings.

4. Counterparts. This Amendment No. 1 to the Agreement may be executed in two (2) signature counterparts, each of which shall constitute an original, but all of which taken together shall constitute one and the same instrument.

All other terms, provisions and definitions set forth in the Agreement remain the same.

IN WITNESS WHEREOF, all parties have set their hand to this Agreement as of the date set forth below.

TIER TECHNOLOGIES, INC.

By:
	Ronald L. Rossetti
	Chairman and Chief Executive Officer

Dated:

TODD F. VUCOVICH

Dated: