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Exhibit 10.1

Amendments to stock option plans adopted by the Compensation Committee on
October 7, 2003 and by the Board of Directors on November 4, 2003:

1) The first two paragraphs of Section 11 of each of the BankAtlantic Bancorp
Amended and Restated 2001 Stock Option Plan (the "2001 Plan") and the
BankAtlantic Bancorp 1999 Stock Option Plan (the "1999 Plan"), Sections 11(a)
and 11(b) of each of the BankAtlantic Bancorp 1999 Non-Qualified Stock Option
Plan (the "1999 NQ Plan") and the BankAtlantic Bancorp 2000 Non-Qualified Stock
Option Plan (the "2000 Plan") and Section 12 of each of the BankAtlantic Bancorp
1996 Stock Option Plan (the "1996 Plan") and the BankAtlantic Bancorp 1998 Stock
Option Plan (the "1998 Plan") shall be deleted in their entirety, and the
following substituted therefor:

         "Adjustments Upon Changes in Capitalization or Merger. Subject to any
         required action by the shareholders of the Company, in the event any
         recapitalization, forward or reverse split, reorganization, merger,
         consolidation, spin-off, combination, repurchase, or exchange of Class
         A Common Stock or other securities, stock dividend or other special and
         nonrecurring dividend or distribution (whether in the form of cash,
         securities or other property), liquidation, dissolution, or other
         similar corporate transaction or event, affects the Class A Common
         Stock such that an adjustment is appropriate in order to prevent
         dilution or enlargement of the rights of Optionees under the Plan, then
         the Committee shall, in such manner as it may deem equitable, adjust
         any or all of (i) the number and kind of shares of Class A Common Stock
         deemed to be available thereafter for grants of Options under the Plan
         in the aggregate to all eligible individuals and individually to any
         one eligible individual, (ii) the number and kind of shares of Class A
         Common Stock that may be delivered or deliverable in respect of
         outstanding Options, and (iii) the exercise price. In addition, the
         Committee is authorized to make adjustments in the terms and conditions
         of, and the criteria included in, Options (including, without
         limitation, cancellation of Options in exchange for the in-the-money
         value, if any, of the vested portion thereof, or substitution of
         Options using stock of a successor or other entity) in recognition of
         unusual or nonrecurring events (including, without limitation, events
         described in the preceding sentence) affecting the Company or any
         Subsidiary or the financial statements of the Company or any
         Subsidiary, or in response to changes in applicable laws, regulations,
         or account principles; provided, however, that any such adjustment to
         an Option granted to an Optionee who is a "covered employee" (within
         the meaning of section 162(m) of the Code) with respect to the Company
         or its Parent or Subsidiaries shall conform to the requirements of
         section 162(m) of the Code and the regulations thereunder then in
         effect. In addition, each such adjustment with respect to an Incentive
         Stock Option shall comply with the rules of Section 424(a) of the Code
         (or any successor provision) and (b) in no event shall any adjustment
         be made which would render any Incentive Stock Option granted hereunder
         other than an "incentive stock option" as defined in Section 422 of the
         Code; and provided, further, that conversion of any convertible
         securities of the Company shall not be deemed to have been "effected
         without receipt of consideration." The Committee's determination shall
         be final, binding and conclusive. Except as expressly provided herein,
         no issuance by the Company of shares of stock of any

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         class, or securities convertible into shares of stock of any class,
         shall affect, and no adjustment by reason thereof shall be made with
         respect to, the number or price of shares of Class A Common Stock
         subject to an Option."

2) Section 9(b) of each of the 2001 Plan, the 1999 NQ Plan, the 1999 Plan and
the 2000 Plan and Section 10(b) of each of the 1996 Plan and the 1998 Plan shall
be amended by adding the following at the end thereof:

         "Notwithstanding the foregoing, if an Employee ceases to be in
         Continuous Status as an Employee solely due to a reorganization,
         merger, consolidation, spin-off, combination, re-assignment to another
         member of the affiliated group of which the Company is a member or
         other similar corporate transaction or event, the Committee may, in its
         discretion, suspend the operation of this Section 9(b); provided that
         the Employee shall execute an agreement, in form and substance
         satisfactory to the Committee, waiving such Employee's right to have
         such Employee's Options treated as Incentive Stock Options from and
         after a date determined by the Committee which shall be no later than
         three months from the date on which such Employee ceases to be in
         Continuous Status as an Employee, and such Employee's Options shall
         thereafter be treated as non-qualified Options for all purposes."