Exhibit
10.7


AMENDMENT
NUMBER ONE

TO JOHN H. HARLAND COMPANY

POST-2004 DEFERRED COMPENSATION PLAN


Pursuant to the
power to amend reserved in Section 10.12 of the John H. Harland Company
Post-2004 Deferred Compensation Plan (the “Plan”), the Governance Committee of
the Board of Directors of the John H. Harland Company amends the Plan,
effective as of the 18th day of December, 2006, as follows:


1.


By revising
Section 1.5 to provide as follows:


Section 1.5     Compensation
— means, for any Plan Year, “Compensation” as defined in the 401(k) Plan for
purposes of determining the amount of pre-tax contributions and matching
contributions without regard to any limitations on compensation imposed under
Section 401(a)(17) of the Code plus any deferrals made under this Plan
attributable to services performed in such year, but excluding any severance
payments, change in control payments or similar payments.


2.


By revising
Section 1.11 to provide as follows:


Section 1.11   401(k)
Plan — means the John H. Harland Company Master § 401(k) Plan and Trust
effective as of April 1, 1996, as amended and as in effect from time to time,
or the John H. Harland Company 401(k) Plan for Employees of Liberty, Inc.
effective as of June 24, 2005, as amended and as in effect from time to time.


3.


By revising
Section 3.1(b) to add the following to the end thereof:  “or, in the case of Performance-Based
Compensation, through the end of the applicable performance period.”


4.


By revising the
second sentence of Section 3.1(c) to provide as follows:  “Any such election that is not revoked prior
to the end of such enrollment period shall be irrevocable and shall remain
irrevocable through December 31 of such Plan Year.”


5.


By revising
Section 7.1(b) to provide as follows:









 



 


(b)   Automatic Distribution Event.  Unless an Eligible Employee elects
distribution at a fixed time in accordance with Section 7.3(a), distribution of
his or her Account (and all subaccounts) will be made on the earliest to occur
of


·      death,

·      Disability, or

·      separation from service with Harland and
all of its affiliates.


6.


By revising
Section 7.1(c) to provide as follows:


(c)   Fixed Time.  If an Eligible Employee so elects in
accordance with Section 7.3, the balance credited to his or her Account shall
be paid at such fixed time as specified by the Eligible Employee in such
election; provided that if an automatic distribution event described in Section
7.1(b) occurs before the time for making a distribution under a fixed time
election, the automatic distribution event shall control and the election to
distribute at a fixed time shall be null and void.


7.


By revising
Section 7.3(a) to provide as follows:


(a)   General.  At the same time an Eligible Employee makes a
deferral election under Article III, he or she shall elect one of the distribution
forms described in Section 7.2. and, if he or she desires to have the deferrals
(and earnings) distributed at a fixed time, he or she shall elect the fixed
time and, if applicable, the fixed schedule under which distributions will be
made.  An Eligible Employee may elect a
different form, or a different fixed time, for the deferrals made in each Plan
Year.  Those portions of an Eligible
Employee’s Account that are distributable at the same time and in the same form
shall be distributed together.


8.


By revising
Section 7.3(b) to provide as follows:


(b)   Election Revision.  An Eligible Employee subsequently may revise
a distribution election to change the time or the form of distribution;
provided, however, that (a) no such revision shall accelerate the time of any
payment under this Plan (except as permitted in applicable Treasury
regulations), (b) no such revision shall be effective unless it is made at
least 12 months before the election is to become effective or if the









 



 


election relates
to a payment that would be paid at a fixed time, at least 12 months before the
date of the first scheduled payment, and (c) if the Eligible Employee’s
distribution event is a separation from service or a fixed time elected by the
Eligible Employee, then the date of the distribution shall be deferred for a
period of at least 5 years from the date the distribution would have begun in
the absence of such election revision. 
In the absence of any contrary rule established by the Committee, a
distribution election shall remain in effect for deferrals for a subsequent
Plan Year unless revised or revoked during the annual enrollment period for
such subsequent Plan Year.


9.


By revising
Section 7.3(c) to provide as follows:


(c)   No Election or Ineffective Election.  If an Eligible Employee fails to make an
election as to the form of distribution, his or her distribution shall be made
in a lump sum.  If a revised election is
ineffective for any reason, for example, because it was made less than 12
months before the distribution event or because it accelerates the time of
payment,  the Eligible Employee’s
previous most recent distribution election that (but for the subsequent
election) would be effective shall govern the distribution.


10.


Except as
otherwise amended, the Plan shall remain in full force and effect.