Document:

CONSULTING AGREEMENT

This  Agreement  is made and entered  into as  of________  , 2003 by and between
PennFed Financial Services,  Inc. a business  corporation whose principal office
is  located  at  622  Eagle  Rock  Avenue,  West  Orange,  New  Jersey  ,  07052
(hereinafter the "Company') and ________ , residing at ________ (hereinafter the
"Consultant").

                                   WITNESSETH:

     Whereas, the consultant is a director of the Company; and

     Whereas,  after the Consultant ceases to be a director of the Company,  the
Company  desires to retain the services and  expertise  of the  Consultant  as a
consultant to the Company and the Penn Federal Savings Bank (the "Bank") for his
expertise regarding director matters,  and for matters related to the management
and operations of the Company; and

     Whereas,  the Consultant  desires to continue to provide the aforementioned
services to the Company  after he ceases to be a director  thereof  from time to
time, on an as requested basis;

     Now therefore,  in  consideration  of the premises and the mutual covenants
and conditions  hereinafter  set forth,  the Company and the  Consultant  hereby
agree as follows:

     Section 1. Effective Date; Term
                --------------------

     The effective  date of this  Agreement  is_____________  . The term of this
Agreement shall be ten years,  commencing on the date the Consultant  completely
ceases to  provide  services  as a director  of the  Company or the Bank for any
reason other than the death of the Consultant (the "Retirement Date") and ending
on the earlier of (a) the date ten years from the  Retirement  Date,  or (2) the
date the Consultant dies.

     Section 2. Consulting Services.
                -------------------

     The Consultant shall provide such expertise and services regarding director
matters,  matters  pertaining to the management and operation of the Company and
its affiliates, and matters pertaining to publicly traded companies generally as
the Company  shall  reasonably  request.  The  Consultant  shall at all times be
considered an independent contractor, responsible for establishing his own hours
and  schedule,  and not an  employee  or  director  of the Company or any of its
affiliates. The Consultant may hold other employment,  full or part time, during
the term of this Agreement,  and the Company agrees that any requested  services
shall take into account the Consultant's then current employment situation.

     Section 3. Compensation for Consulting Services.
                ------------------------------------

     In  consideration  of the terms and conditions of this Agreement,  for each
month that this  Agreement is in effect,  the Company shall pay the Consultant a
monthly amount, payable during his lifetime only, equal to one-twelfth of 70% of
the annual  director fees that the Consultant was receiving from the Company and
the Bank when he ceased providing  services as a director of the Company and the
Bank.  Such monthly  payments  shall be made during the term of this  Agreement,
regardless  of whether  Consultant  provided any services to the Company for any
particular month. Payments shall be made at the end of each month with a partial
payment being made for the last month of the Agreement, if the Consultant dies.

<PAGE>

     Section 4. General Release.
                ---------------

     The  Consultant,  for himself and his heirs,  executors  and  assigns,  has
released and forever  discharged and by these presents does, for himself and his
heirs,  executors and assigns  remise,  release,  acquit,  satisfy,  and forever
discharge  the Company,  the Bank and each of their  affiliates,  directors  and
officers, of and from all and all manner of action and actions, cause and causes
of action,  suits,  debts,  dues, sums of money,  accounts,  reckonings,  bonds,
bills, specialties, covenants, contracts,  controversies,  agreements, promises,
variances,  trespasses,  damages,  judgements,  executions,  claims and  demands
whatsoever in law or in equity,  which against the Company, the Bank and each of
their  affiliates,  directors and officers,  the Consultant ever had, now has or
which his successors,  heirs, executors or administrators,  hereafter can, shall
or may have upon or by reason of any matter, cause, or thing whatsoever,  except
as to rights specifically granted by this Agreement or by law.

     Section 5. Confidentiality.
                ---------------

     Unless he obtains the prior written consent of the Company,  the Consultant
shall keep  confidential and shall refrain from using for the benefit of himself
or any  person  or  entity  other  than the  Company  or any  entity  which is a
subsidiary of the Company or of which the Company is a subsidiary,  any material
document  or  information  obtained  from  the  Company  or from its  parent  or
subsidiaries,  in the course of his service  with any of them  concerning  their
properties,  operation  or business  (unless  such  document or  information  is
readily  ascertainable from public or published  information or trade sources or
has otherwise  been made  available to the public  through no fault of his own).
Nothing in this  section  shall  prevent  the  Consultant,  with or without  the
Company's consent,  from participating in or disclosing documents or information
in  connection  with any judicial or  administrative  investigation,  inquiry or
proceeding to the extent that such participation or disclosure is required under
applicable law.

     Section 6. Successors and Assigns.
                ----------------------

     This  agreement  will  inure  to the  benefit  of and be  binding  upon the
Consultant, his legal representatives and testate or intestate distributees, and
the Company and its respective  successors and assigns,  including any successor
by merger or consolidation  or a statutory  receiver or any other person or firm
or corporation to which all or  substantially  all of the assets and business of
the Company may be sold or otherwise transferred.

     Section 7. Notices.
                -------

     Any  communication  required or permitted to be given under this  Agreement
shall be in writing and shall be deemed to have been given at such time as it is
delivered  personally or five days after mailing if mailed,  postage  prepaid by
registered or certified mail, return receipt  requested  addressed to such party
at the address  listed  below or at such other  address as one such party may by
written notice specify to the other party:

If to the Consultant:

<PAGE>

If to the Company

     Chairman of the Board
     PennFed Financial Services, Inc.
     622 Eagle Rock Avenue
     West Orange, New Jersey   07052-2989

     Section 8. Entire Agreement
                ----------------

     This instrument  contains the entire  agreement of the parties  relating to
the subject  matter hereof and  supersedes,  in its entirety,  any and all prior
agreements,  understandings  or  representations  relating to the subject matter
hereof.  No modification of this agreement shall be valid unless made in writing
and signed by the parties hereto.

     Section 9. Governing Law.
                -------------

     Except to the extent  preempted by federal  law,  this  agreement  shall be
governed by the laws of the State of New Jersey  applicable to contracts entered
into and to be performed entirely within the State of New Jersey.

                                   CONSULTANT

                                   ---------------------------------

                                   PennFed Financial Services, Inc.

                                   By:
                                      -------------------------------
                                      Chairman of the BoardExhibit 10.16

                     LOAN AND NOTE MODIFICATION AGREEMENT

      THIS LOAN AND NOTE MODIFICATION AGREEMENT (the "Amendment") is  entered
 into as  of this  14th day  of March,  2003,  by and  between JACK  HENRY  &
 ASSOCIATES, INC.,  a Delaware  corporation ("Company"),  and COMMERCE  BANK,
 N.A., a national banking association ("Bank").

      WHEREAS, (i) Company and Bank entered into that certain Line of  Credit
 Loan Agreement dated September  7, 1999, as amended  June 6, 2000,  June 15,
 2001, December  15, 2001,  and December  14,  2002 (collectively  the  "Loan
 Agreement"), and (ii) Company  executed and delivered  to Bank that  certain
 Line of Credit Note of even date therewith in the aggregate principal amount
 of $40,000,000, as  amended June 6,  2000, June 15, 2001,  and December  14,
 2002 (collectively the "Note), in connection with the Loan Agreement; and

      WHEREAS, Company and Bank desire to modify and amend certain provisions
 of the Loan Agreement and the Note to extend the Termination Date.

      NOW, THEREFORE, in consideration of the mutual covenants and agreements
 set forth herein, and for other good and valuable consideration, the receipt
 and sufficiency of which is hereby acknowledged, the parties hereto agree as
 follows:

      1.  Amendments  of the Loan  Agreement.  The  Loan Agreement is  hereby
 amended  as follows:

           (a) Section 1.1 of the Loan  Agreement is amended and restated  to
      read as follows:

                1.1  Line of  Credit.   Subject  to  the terms  of  this
                     Agreement, Bank  shall lend  Company from  time  to
                     time until  the termination  hereof, such  sums  as
                     Company may request, but which shall not exceed the
                     aggregate principal  amount  of Fifty  Million  and
                     No/100  Dollars  ($50,000,000)  from  September 15,
                     2000 to,  but  not including,  December  14,  2003,
                     unless renewed  by written  agreement between  Bank
                     and Company (the "Termination Date").  In  addition
                     to the  foregoing,  the  Line of  Credit  shall  be
                     deemed to automatically terminate if the occurrence
                     of an Event of Default (as defined under Article  V
                     hereof)  causes  the  principal  balance  and   all
                     accrued interest under the Line of Credit Note  (as
                     defined in Section 1.2)  to become immediately  due
                     and payable.

      2.  Amendment of the Note.   The last sentence of the second  paragraph
 of the Note is amended and restated to read as follows:

           All outstanding  principal and  any unpaid  interest  thereon
           under this Line of Credit Note is due and payable on December
           14, 2003.

      3.   Representations and  Warranties.   Company hereby  represents  and
 warrants to Bank as follows:

           (a) No default currently exists under the Loan Agreement, the Note
      or the other Loan  Documents and no event  has occurred which with  the
      passage of time or  the giving of notice,  or both, would constitute  a
      default under the Loan Documents.

           (b) The Certificate  of Incorporation and  Bylaws of Company,  the
      Articles of  Incorporation or  Certificate of  Limited Partnership,  as
      applicable,  for  each  Guarantor,   and  the  Bylaws  or   Partnership
      Agreement, as applicable, for each Guarantor have in each case not been
      amended, modified or supplemented since September 7, 1999.

           (c) All of the representations and  warranties made by Company  in
      the Loan Documents are true as if made on the date hereof.

      4.  Conditions  Precedent.     Closing  of   this  Amendment  and   the
 transactions contemplated hereunder is conditioned on the following:

           (a) Receipt by Bank  of Certificates of  Good Standing, dated  not
      more than ten (10) days prior to the date of this Amendment for Company
      and each Guarantor from their respective states of organization.

           (b) An  opinion of  counsel to  Company and  the Guarantors,  with
      respect to such matters as requested by Bank.

           (c) Certified copies of each resolution of (i) Company's Board  of
      Directors duly authorizing the execution and delivery of this Amendment
      and the consummation of the  transactions contemplated herein and  (ii)
      each Guarantor's Board  of Directors approving  this Amendment and  the
      consummation of the transactions contemplated herein.

           (d) Receipt by Bank of  each Acknowledgement and Consent  attached
      hereto, executed by each of the Guarantors.

           (e) Any other  documents, instruments  and reports  as Bank  shall
      reasonably request.

      5.  Interpretation.  From and after the execution of this Amendment  by
 all of the parties hereto, all  references in the Loan Agreement, the  Note,
 the Guaranty and  the other Loan  Documents to  "this Agreement,"  "hereof,"
 "herein," and similar terms  shall mean or refer  to such Loan Documents  as
 amended by this  Amendment, and all  references in other  Loan Documents  to
 such documents shall mean such Loan Documents as amended by this  Amendment.
 Unless  otherwise specifically defined herein, all defined terms shall  have
 the meaning given them in the Loan Agreement.  Section headings are inserted
 in this Amendment for convenience of reference only and shall not be used in
 the interpretation of this Amendment.

      6. Ratification.  Unless specifically amended or modified by the  terms
 of this Amendment, all other terms of  the Loan Agreement, the Note and  the
 other Loan Documents shall remain unchanged and in full force and effect and
 are hereby ratified and confirmed.

      7. Counterparts.  This Amendment may be executed in counterparts, which
 when taken together, shall constitute one and the same document.

      8. Statutory Notice.   ORAL AGREEMENTS  OR COMMITMENTS  TO LOAN  MONEY,
 EXTEND CREDIT OR TO  FORBEAR FROM ENFORCING REPAYMENT  OF A DEBT,  INCLUDING
 PROMISES TO EXTEND OR RENEW SUCH DEBT, ARE NOT ENFORCEABLE.  TO PROTECT  YOU
 (BORROWER) AND US  (CREDITOR) FROM MISUNDERSTANDING  OR DISAPPOINTMENT,  ANY
 AGREEMENTS WE REACH  COVERING SUCH MATTERS  ARE CONTAINED  IN THIS  WRITING,
 WHICH IS THE COMPLETE  AND EXCLUSIVE STATEMENT OF  THE AGREEMENT BETWEEN  US
 EXCEPT AS WE MAY LATER AGREE IN WRITING.

      BY SIGNING BELOW,  YOU AND WE  AGREE THAT THERE  ARE NO UNWRITTEN  ORAL
 AGREEMENTS BETWEEN US.

      9. Waiver of Jury Trial.   COMPANY HEREBY WAIVES  TRIAL BY JURY IN  ANY
 ACTION OR PROCEEDING TO  WHICH COMPANY AND BANK  MAY BE PARTIES ARISING  OUT
 OF, IN CONNECTION  WITH, OR IN  ANY WAY PERTAINING  TO, THIS AMENDMENT,  THE
 LOAN AGREEMENT, THE  NOTE AND ANY  OTHER LOAN DOCUMENT.   IT  IS AGREED  AND
 UNDERSTOOD THAT THIS  WAIVER CONSTITUTES A  WAIVER OF TRIAL  BY JURY OF  ALL
 CLAIMS AGAINST ALL PARTIES TO SUCH ACTIONS OR PROCEEDINGS, INCLUDING  CLAIMS
 AGAINST PARTIES  WHO ARE  NOT PARTIES  TO THIS  AGREEMENT.   THIS WAIVER  IS
 KNOWINGLY, WILLINGLY AND  VOLUNTARILY MADE  BY COMPANY,  AND COMPANY  HEREBY
 REPRESENTS THAT NO REPRESENTATIONS OF FACT OR OPINION HAVE BEEN MADE BY  ANY
 INDIVIDUAL TO INDUCE THIS WAIVER OF TRIAL BY JURY OR TO IN ANY WAY MODIFY OR
 NULLIFY ITS EFFECT. COMPANY FURTHER REPRESENTS AND WARRANTS THAT IT HAS BEEN
 REPRESENTED IN  THE SIGNING  OF THIS  AGREEMENT AND  IN THE  MAKING OF  THIS
 WAIVER BY  INDEPENDENT LEGAL  COUNSEL,  OR HAS  HAD  THE OPPORTUNITY  TO  BE
 REPRESENTED BY INDEPENDENT LEGAL COUNSEL SELECTED OF ITS OWN FREE WILL,  AND
 THAT IT HAS HAD THE OPPORTUNITY TO DISCUSS THIS WAIVER WITH COUNSEL.

      IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
 executed by their duly authorized officers  on the day and year first  above
 written.

                               JACK HENRY & ASSOCIATES, INC.

                               By: /s/ Michael E. Henry
                                   --------------------
                               Name: Michael E. Henry
                               Title: Chief Executive Officer

                               COMMERCE BANK, N.A.

                               By: /s/ Joe McCaddon
                                   ----------------
                               Name: Joe McCaddon
                               Title: Senior Vice President

                   GUARANTOR'S ACKNOWLEDGEMENT AND CONSENT

           The undersigned has  heretofore executed and  delivered to Bank  a
 Guaranty dated September 7, 1999, and hereby  consents to the Loan and  Note
 Modification Agreement as set forth above, including without limitation  the
 extension of the Termination Date, and, subject to such Amendment,  confirms
 that the Guaranty and all of the undersigned's obligations thereunder remain
 in full force and effect.   The undersigned further agrees that its  consent
 to any further amendments to the Loan  Agreement shall not be required as  a
 result of this consent having been obtained.

                               OPEN SYSTEMS GROUP, INC.

                               By:    /s/ Kevin D. Williams
                                      ---------------------
                               Name:  Kevin D. Williams
                               Title: Chief Financial Officer and Treasurer

                   GUARANTORS' ACKNOWLEDGEMENT AND CONSENT

           Each of the undersigned has  heretofore executed and delivered  to
 Bank a Guaranty dated  July 20, 2000,  and hereby consents  to the Loan  and
 Note Modification Agreement as set forth above, including without limitation
 the extension  of the  Termination Date,  and,  subject to  such  Amendment,
 confirms  that  the  Guaranty  and  all  of  the  undersigneds'  obligations
 thereunder remain in full force and effect.  Each of the undersigned further
 agrees that its  consent to  any further  amendments to  the Loan  Agreement
 shall not be required as a result of this consent having been obtained.

                               SYS-TECH, INC. OF KANSAS

                               By:    /s/ Kevin D. Williams
                                      ---------------------
                               Name:  Kevin D. Williams
                               Title: Chief Financial Officer and Treasurer

                               SYMITAR SYSTEMS, INC.

                               By:    /s/ Kevin D. Williams
                                      ---------------------
                               Name:  Kevin D. Williams
                               Title: Chief Financial Officer and Treasurer

                               JACK HENRY, L.L.C.

                               By:    /s/ Kevin D. Williams
                                      ---------------------
                               Name:  Kevin D. Williams
                               Title: Chief Financial Officer and Treasurer

                               JACK HENRY SYSTEMS, L.P.

                               By:    /s/ Kevin D. Williams
                                      ---------------------
                               Name:  Kevin D. Williams
                               Title: Chief Financial Officer and Treasurer

                               JACK HENRY SOFTWARE/COMMLINK L.P.

                               By:    /s/ Kevin D. Williams
                                      ---------------------
                               Name:  Kevin D. Williams
                               Title: Chief Financial Officer and Treasurer

                               JACK HENRY SERVICES L.P.

                               By:    /s/ Kevin D. Williams
                                      ---------------------
                               Name:  Kevin D. Williams
                               Title: Chief Financial Officer and Treasurer

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