Blackbaud (BLKB) 8-K Entry into a Material Definitive Agreement

Exhibit 10.26

BLACKBAUD, INC.
NON-EMPLOYEE DIRECTOR COMPENSATION

Board Members:

• An annual retainer of $17,500, payable in cash, for services as a member of the Board; the Chairman of the Audit Committee would receive an additional $15,000 annually for such service.

• $3,000 per regular meeting attended (4 regularly scheduled meetings per year).

• $1,000 per regular committee meeting attended (4 regularly scheduled meetings per year).

• $1,000 per telephonic board and/or committee meetings.

• An annual grant of restricted stock of the Company worth $60,000 on the date of grant vesting fully on the first anniversary of the date of grant.

Chairman:

• An annual retainer of $50,000, payable in cash, for service as Chairman of the Board.

• An annual grant of restricted stock of the Company worth $60,000 on the date of grant vesting fully on the first anniversary of the date of grant.