Document:

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                                                                    Exhibit 10.1
                                                                    ------------

                             METAVANTE CORPORATION
                           2000 STOCK INCENTIVE PLAN

     1.   Objectives.  The Metavante Corporation 2000 Stock Incentive Plan is
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designed to attract and retain certain selected officers, key employees, non-
employee directors and consultants whose skills and talents are important to the
Company's operations, and reward them for making major contributions to the
success of the Company. These objectives are accomplished by making awards under
the Plan, thereby providing Participants with a proprietary interest in the
growth and performance of the Company. Options for Metavante Corporation common
stock will also be issued to certain current and former employees and directors
of Marshall & Ilsley Corporation and Metavante Corporation in connection with
the distribution of stock of Metavante Corporation to the Marshall & Ilsley
Corporation shareholders as further described in Section 20 hereof.

     2.   Definitions.
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             (a)  "Award" shall mean the grant of any form of stock option or
     stock award to a Plan Participant pursuant to such terms, conditions and
     limitations as the Board or Committee may establish in order to fulfill the
     objectives of the Plan.

             (b) "Award Agreement" shall mean the agreement that sets forth the
     terms, conditions and limitations applicable to an Award.

             (c) "Board" shall mean the Board of Directors of Metavante
     Corporation.

             (d) "Cause" shall mean the discharge of an employee on account of
     (i) fraud or embezzlement against the Company, (ii) violation of any
     noncompetition, nonsolicitation or confidentiality provisions contained in
     an Award Agreement or (iii) serious and willful acts of misconduct which,
     in the reasonable judgment of the Committee, are detrimental to the
     business of the Company.

             (e) "Change in Control" shall mean any of the following:

                    (i)  The acquisition by any individual, entity or "group"
             (within the meaning of Section 13(d)(3) or 14(d)(2) of the
             Securities Exchange Act of 1934, as amended (the "Exchange Act"))
             after the date hereof of beneficial ownership (within the meaning
             of Rule 13d-3 promulgated under the Exchange Act) of thirty-three
             percent (33%) or more of either (A) the then outstanding shares of
             common stock of the Company (the "Outstanding Company Common
             Stock") or (B) the combined voting power of the then outstanding
             voting securities of the Company entitled to vote generally in the
             election of directors (the "Outstanding Company Voting
             Securities"); provided, however, that the following acquisitions of
                           --------  -------
             common stock shall not constitute a Change in Control: (A) any
             acquisition directly from the Company, (B) any acquisition by the
             Company, (C) any
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             acquisition by any employee benefit plan (or related trust)
             sponsored or maintained by the Company or any corporation
             controlled by the Company, (D) any acquisition by any corporation
             pursuant to a reorganization, merger, statutory share exchange or
             consolidation which would not be a Change in Control under
             paragraph (iii) of this Section 2(e) or (E) any acquisition by any
             person pursuant to the distribution of the Company's common stock
             to the shareholders of Marshall & Ilsley Corporation; or

                    (ii)  Individuals who, as of the date hereof, constitute the
             Board (the "Incumbent Board") cease for any reason to constitute at
             least a majority of the Board; provided, however, that any
             individual becoming a director subsequent to the date hereof whose
             election, or nomination for election by the Company's shareholders,
             was approved by a vote of at least a majority of the directors then
             comprising the Incumbent Board shall be considered as though such
             individual were a member of the Incumbent Board, but excluding, for
             this purpose, any such individual whose initial assumption of
             office occurs as a result of either an actual or threatened
             election contest or other actual or threatened "solicitation" (as
             such term is used in Regulation 14A promulgated under the Exchange
             Act) of proxies or consents by or on behalf of a person other than
             the Incumbent Board; or

                    (iii) Consummation of a reorganization, merger, statutory
             share exchange or consolidation (but not the distribution of the
             Company's common stock to the shareholders of Marshall & Ilsley
             Corporation), unless, following such reorganization, merger,
             statutory share exchange or consolidation, (A) at least fifty
             percent (50%) of, respectively, the then outstanding shares of
             common stock of the corporation resulting from such reorganization,
             merger, statutory share exchange or consolidation and the combined
             voting power of the then outstanding voting securities of such
             corporation entitled to vote generally in the election of directors
             is then beneficially owned, directly or indirectly, by all or
             substantially all of the individuals and entities who were the
             beneficial owners, respectively, of the Outstanding Company Common
             Stock and Outstanding Company Voting Securities immediately prior
             to such reorganization, merger, statutory share exchange or
             consolidation in substantially the same proportions as their
             ownership, immediately prior to such reorganization, merger,
             statutory share exchange or consolidation, (B) no person (excluding
             the Company, any employee benefit plan (or related trust) of the
             Company or such corporation resulting from such reorganization,
             merger, statutory share exchange or consolidation and any person
             beneficially owning, immediately prior to such reorganization,
             merger, statutory share exchange or consolidation, directly or
             indirectly, thirty-three percent (33%) or more of the Outstanding
             Company Common Stock or Outstanding Voting Securities, as the case
             may be) beneficially owns, directly or indirectly, thirty-three
             percent (33%) or more of, respectively, the then outstanding shares
             of common stock of the corporation resulting from such
             reorganization, merger, statutory share exchange or consolidation
             or the combined voting power of the then outstanding voting
             securities of such corporation,

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             entitled to vote generally in the election of directors and (C) at
             least a majority of the members of the board of directors of the
             corporation resulting from such reorganization, merger, statutory
             share exchange or consolidation were members of the Incumbent Board
             at the time of the execution of the initial agreement providing for
             such reorganization, merger or consolidation; or

                    (iv)  Consummation of (A) a complete liquidation or
             dissolution of the Company or (B) the sale or other disposition of
             all or substantially all of the assets of the Company, other than
             to a corporation, with respect to which following such sale or
             other disposition, (1) at least fifty percent (50%) of,
             respectively, the then outstanding shares of common stock of such
             corporation and the combined voting power of the then outstanding
             voting securities of such corporation entitled to vote generally in
             the election of directors is then beneficially owned, directly or
             indirectly, by all or substantially all of the individuals and
             entities who were the beneficial owners, respectively, of the
             Outstanding Company Common Stock and Outstanding Company Voting
             Securities immediately prior to such sale or other disposition in
             substantially the same proportion as their ownership, immediately
             prior to such sale or other disposition, of the Outstanding Company
             Common Stock and Outstanding Company Voting Securities, as the case
             may be, (2) no person (excluding the Company and any employee
             benefit plan (or related trust) of the Company or such corporation
             and any person beneficially owning, immediately prior to such sale
             or other disposition, directly or indirectly, thirty-three percent
             (33%) or more of the Outstanding Company Common Stock or
             Outstanding Company Voting Securities, as the case may be)
             beneficially owns, directly or indirectly, thirty-three percent
             (33%) or more of, respectively, the then outstanding shares of
             common stock of such corporation or the combined voting power of
             the then outstanding voting securities of such corporation entitled
             to vote generally in the election of directors and (C) at least a
             majority of the members of the board of directors of such
             corporation were members of the Incumbent Board at the time of the
             execution of the initial agreement or action of the Board providing
             for such sale or other disposition of assets of the Company.

             (f)  "Common Stock" or "stock" shall mean the authorized and issued
     or unissued common stock of Metavante Corporation.

             (g)  "Code" shall mean the Internal Revenue Code of 1986, as
     amended from time to time.

             (h)  "Committee" shall mean the Compensation Committee of the Board
     of Directors of Metavante Corporation, or, if the Compensation Committee is
     not yet in existence, the Board of Directors of Metavante Corporation.

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             (i)  "Company" shall mean Metavante Corporation and, where
     applicable, its subsidiaries including subsidiaries of subsidiaries and
     partnerships and other business ventures in which Metavante Corporation has
     a significant equity interest, as determined in the sole discretion of the
     Committee.

             (j)  "Fair Market Value" shall mean the closing sale price of
     Common Stock on the Nasdaq National Market as reported in the Midwest
     Edition of the Wall Street Journal for the date of grant provided that, if
     no sales of Common Stock were made on such exchange on that date, "Fair
     Market Value" shall mean the closing sale price of Common Stock as reported
     for the most recent preceding day on which sales of Common Stock were made
     on such exchange, or, failing any such sales, such other price as the
     Committee may determine in conformity with pertinent law and regulations of
     the Treasury Department. Notwithstanding the foregoing, in the case of
     Awards which are effective on the date the Company sells shares of Common
     Stock in an underwritten public offering, Fair Market Value shall mean the
     price per share at which the Common Stock is initially sold to the public
     pursuant to the offering.

             (k)  "Participant" shall mean a current or prospective employee,
     non-employee director, consultant or other person who provides services to
     the Company to whom an Award has been made under the Plan.

             (l)  "Plan" shall mean the Metavante Corporation 2000 Stock
     Incentive Plan.

             (m)  "Retirement" shall mean the termination of a Participant's
     employment on or after age 65, unless otherwise provided by the Committee
     in an Award Agreement.

     3.   Eligibility.  Current and prospective employees, non-employee
          -----------
directors, consultants or other persons who provide services to the Company
eligible for an Award under the Plan are those who hold, or will hold, positions
of responsibility and whose performance, in the judgment of the Committee or the
management of the Company (if such responsibility is delegated pursuant to
Section 6 hereof), can have a significant effect on the success of the Company.
However, incentive stock options within the meaning of Section 422 of the Code
may only be issued to employees of the Company and its subsidiary corporations
within the meaning of Section 424(f) of the Code.

     4.   Common Stock Available for Awards.  Subject to adjustment as provided
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in Section 14 hereof, the number of shares that may be issued under the Plan for
Awards during the term of the Plan is 16,000,000 shares of Common Stock, all of
which may be in the form of incentive stock options within the meaning of
Section 422 of the Code. Any shares subject to an Award which are used in
settlement of tax withholding obligations shall be deemed not to have been
issued for purposes of determining the maximum number of shares available for
issuance under the Plan. Likewise, if any stock option is exercised by tendering
shares, either directly or by attestation, to the Company as full or partial
payment for such exercise under this Plan, only the number of shares issued net
of the shares tendered shall be deemed issued for purposes of

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determining the maximum number of shares available for issuance under the Plan.
Subject to adjustment as provided in Section 14 hereof, no individual shall be
eligible to receive Awards aggregating more than 500,000 shares of Common Stock
reserved under the Plan in any one calendar year, and the Company will not issue
more than 250,000 shares of Restricted Stock during the term of the Plan. The
Company shall take whatever actions are necessary to file required documents
with the U.S. Securities and Exchange Commission and any other appropriate
governmental authorities and stock exchanges to make shares of Common Stock
available for issuance pursuant to Awards.

     5.   Administration.  The Plan shall be administered by the Committee,
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which shall have full and exclusive power to interpret the Plan, to determine
which persons are Plan Participants, to grant waivers of Award restrictions, and
to adopt such rules, regulations and guidelines for carrying out the Plan as it
may deem necessary or proper. All decisions of the Committee shall be final,
conclusive and binding on all persons, including the Company, Participants, and
their estates and beneficiaries.

     6.   Delegation of Authority.  Except to the extent prohibited by
          -----------------------
applicable law or the applicable rules of a stock exchange, the Committee may
delegate to the chief executive officer and to other senior officers of the
Company its duties under the Plan pursuant to such conditions or limitations as
the Committee may establish. Any such delegation may be revoked by the Committee
at any time.

     7.   Awards.  The Committee shall determine the type or types of Award(s)
          ------
to be made to each Participant and shall set forth in the related Award
Agreement the terms, conditions, performance requirements, and limitations
applicable to each Award including, but not limited to, continuous service with
the Company, forfeiture of Awards and proceeds from Awards in the event the
Participant competes with the Company or violates any confidentiality or
nonsolicitation obligations owed to the Company, conditions under which
acceleration of vesting will occur, and achievement of specific business
objectives. In all events, all Awards will become fully vested and immediately
exercisable if the Participant is in the service of the Company upon the
occurrence of a Change in Control. The type of Awards available under the Plan
are those listed in this Section 7.

             (a)  Stock Option.  A grant of a right to purchase a specified
                  ------------
     number of shares of Common Stock the purchase price of which shall be not
     less than 100% of Fair Market Value on the date of grant, as determined by
     the Committee. A stock option may be in the form of a nonqualified stock
     option for all Participants or an incentive stock option ("ISO") for
     Participants who are employees. An ISO, in addition to being subject to
     applicable terms, conditions and limitations established by the Committee,
     complies with Section 422 of the Code which, among other limitations,
     provides that the aggregate Fair Market Value (determined at the time the
     option is granted) of Common Stock for which ISOs are exercisable for the
     first time by a Participant during any calendar year shall not exceed
     $100,000; that ISOs shall be priced at not less than 100% of the Fair
     Market Value on the date of the grant (110% in the case of a Participant
     who is a 10% shareholder of the Company within the meaning of Section 422
     of the Code); and that

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     ISOs shall be exercisable for a period of not more than ten years (five
     years in the case of a Participant who is a 10% shareholder of the
     Company).

             (b)  Restricted Stock Award.  An Award of stock for such
                  ----------------------
     consideration as the Committee may specify and which may contain
     transferability or forfeiture provisions including a requirement of future
     services and such other restrictions and conditions as may be established
     by the Committee and set forth in the Award Agreement.

     8.   Deferred Payment of Awards.  The Committee may permit selected
          --------------------------
Participants to elect to defer payments of some or all types of Awards in
accordance with procedures established by the Committee which are intended to
permit such deferrals to comply with applicable requirements of the Code
including, at the choice of Participants, the capability to make further
deferrals for payment after retirement. Dividends or dividend equivalent rights
may be extended to and made part of any Award denominated in stock or units of
stock, subject to such terms, conditions and restrictions as the Committee may
establish. The Committee may also establish rules and procedures for the
crediting of dividend equivalents for deferred payments denominated in stock or
units of stock.

     9.   Stock Option Exercise.  The price at which shares of Common Stock may
          ---------------------
be purchased under a Stock Option shall be paid in full at the time of the
exercise in cash or, if permitted by the Committee, by means of tendering shares
of Common Stock either directly or by attestation, which have been held by the
Participant for more than six months and have not been used within the prior
six-month period to exercise an option, valued at Fair Market Value on the date
of exercise, or any combination thereof.

     10.  Tax Withholding.  The Company shall have the right to deduct
          ---------------
applicable taxes from any Award payment and withhold, at the time of delivery or
vesting of shares under the Plan, an appropriate number of shares for payment of
taxes (but only the minimum amount required by law) or to take such other action
as may be necessary in the opinion of the Company to satisfy all obligations for
withholding of such taxes. The Company may defer making delivery with respect to
Common Stock obtained pursuant to an Award hereunder until arrangements
satisfactory to it have been made with respect to any such withholding
obligation. If Common Stock is used to satisfy tax withholding, such stock shall
be valued based on the Fair Market Value when the tax withholding is required to
be made.

     11.  Amendment or Termination of the Plan.  The Board may, at any time,
          ------------------------------------
amend or terminate the Plan; provided, however, that

     (a)     subject to Section 14 hereof, no amendment or termination may, in
             the absence of written consent to the change by the affected
             Participant (or, if the Participant is not then living, the
             affected beneficiary), adversely affect the rights of any
             Participant or beneficiary under any Award granted under the Plan
             prior to the date such amendment is adopted by the Board; and

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     (b)     without further approval of the shareholders of the Company, no
             amendment shall increase the number of shares of Common Stock which
             may be issued pursuant to Awards hereunder, except for increases
             resulting from Section 14 hereof.

     12.  Termination of Service.  If the service-providing relationship of a
          ----------------------
Participant terminates, or a non-employee director no longer serves on the
Board, other than pursuant to paragraphs (a) through (c) of this Section 12, all
unvested Awards shall immediately terminate and all vested but unexercised
Awards shall terminate 90 days after such termination of employment or service,
unless the Award Agreement provides otherwise, and during such 90-day period
shall be exercisable only to the extent provided in the Award Agreement. If the
status of a Participant's relationship with the Company changes, e.g., from a
consultant to an employee or vice versa, it will not be a termination of the
service-providing relationship. Notwithstanding the foregoing, if a
Participant's service is terminated for Cause, to the extent the Award is not
effectively exercised or has not vested prior to such termination, it shall
lapse or be forfeited to the Company immediately upon termination. In all
events, an Award will not be exercisable after the end of its term as set forth
in the Award Agreement.

             (a)  Retirement.  When a Participant's employment or service
                  -----------
     terminates as a result of Retirement, or early retirement with the consent
     of the Committee, the Committee (in the form of an Award Agreement or
     otherwise) may permit Awards to continue in effect beyond the date of
     Retirement, or early retirement, and the exercisability and vesting of any
     Award may be accelerated.

             (b)  Resignation in the Best Interests of the Company.  When a
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     Participant resigns from the Company or the Board and, in the judgment of
     the chief executive officer or other senior officer designated by the
     Committee, the acceleration and/or continuation of outstanding Awards would
     be in the best interests of the Company, the Committee may authorize, where
     appropriate taking into account any regulatory or accounting implications
     of such action, the acceleration and/or continuation of all or any part of
     Awards granted prior to such termination.

             (c)  Death or Disability of a Participant.
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                      (i)  In the event of a Participant's death, the
             Participant's estate or beneficiaries shall have a period specified
             in the Award Agreement within which to receive or exercise any
             outstanding Award held by the Participant under such terms, and to
             the extent, as may be specified in the applicable Award Agreement.
             Rights to any such outstanding Awards shall pass by will or the
             laws of descent and distribution in the following order: (a) to
             beneficiaries so designated by the Participant; if none, then (b)
             to a legal representative of the Participant; if none, then (c) to
             the persons entitled thereto as determined by a court of competent
             jurisdiction. Subject to subparagraph (iii) below, Awards so
             passing shall be exercised or paid out at such times and in such
             manner as if the Participant were living.

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                    (ii)  In the event a Participant is deemed by the Company to
             be disabled within the meaning of the Company's long-term
             disability plan, or, if the Company does not have such a plan,
             Section 22(e)(3) of the Code, the Award shall be exercisable for
             the period, and to the extent, specified in the Award Agreement.
             Awards and rights to any such Awards may be paid to or exercised by
             the Participant, if legally competent, or a legally designated
             guardian or representative if the Participant is legally
             incompetent by virtue of such disability.

                    (iii) After the death or disability of a Participant, the
             Committee may in its sole discretion at any time (1) terminate
             restrictions in Award Agreements; and (2) accelerate any or all
             installments and rights.

                    (iv)  In the event of uncertainty as to interpretation of or
             controversies concerning this paragraph (c) of Section 12, the
             Committee's determinations shall be binding and conclusive.

             (d)  No Service Rights.  The Plan shall not confer upon any
                  -----------------
     Participant any right with respect to continuation of employment by, or
     service with, the Company or service on the Board, nor shall it interfere
     in any way with the right of the Company to terminate any Participant's
     employment or service with the Company or on the Board at any time.

     13.  Nonassignability.  Except as provided in subsection (c) of Section 12
          ----------------
and this Section 13, no Award under the Plan shall be assignable or
transferable, or payable to or exercisable by anyone other than the Participant
to whom it was granted. Notwithstanding the foregoing, the Committee (in the
form of an Award Agreement or otherwise) may permit Awards, other than incentive
stock options within the meaning of Section 422 of the Code, to be transferred
to members of the Participant's immediate family, to trusts for the benefit of
the Participant and/or such immediate family members, and to partnerships or
other entities in which the Participant and/or such immediate family members own
all the equity interests. For purposes of the preceding sentence, "immediate
family" shall mean a Participant's spouse, issue and spouses of his issue.

     14.  Adjustments.  In the event of any change in the outstanding Common
          -----------
Stock of the Company by reason of a stock split, stock dividend, combination or
reclassification of shares, recapitalization, merger, spin-off, or similar
event, the Committee shall equitably adjust (a) the number of shares of Common
Stock (i) reserved under the Plan, (ii) available for ISOs, (iii) for which
Awards may be granted to an individual Participant, and (iv) covered by
outstanding Awards denominated in stock, (b) the stock prices related to
outstanding Awards; and (c) the appropriate Fair Market Value and other price
determinations for such Awards. In the event of any other change affecting the
Common Stock or any distribution (other than normal cash dividends) to holders
of Common Stock, such adjustments as may be deemed equitable by the Committee,
including adjustments to avoid fractional shares, shall be made to give proper
effect to such event. In the event of a corporate merger, consolidation,
acquisition of property or stock, separation, reorganization or liquidation, the
Committee shall be authorized to issue or assume

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Stock Options, whether or not in a transaction to which Section 424(a) of the
Code applies, by means of substitution of new Stock Options for previously
issued Stock Options or an assumption of previously issued Stock Options.

     15.  Notice.  Any notice to the Company required by any of the provisions
          ------
of the Plan shall be addressed to the director of human resources or to the
chief executive officer of the Company in writing, and shall become effective
when it is received by the office of either of them.

     16.  Unfunded Plan.  The Plan shall be unfunded.  Although bookkeeping
          -------------
accounts may be established with respect to Participants who are entitled to
Common Stock under the Plan, any such accounts shall be used merely as a
bookkeeping convenience. The Company shall not be required to segregate any
Common Stock, nor shall the Plan be construed as providing for such segregation,
nor shall the Company nor the Board nor the Committee be deemed to be a trustee
of any Common Stock to be granted under the Plan. Any liability of the Company
to any Participant with respect to a grant of Common Stock or rights thereto
under the Plan shall be based solely upon any contractual obligations that may
be created by the Plan and any Award Agreement; no such obligation of the
Company shall be deemed to be secured by any pledge or other encumbrance on any
property of the Company. Neither the Company nor the Board nor the Committee
shall be required to give any security or bond for the performance of any
obligation that may be created by the Plan.

     17.  Governing Law.  The Plan and all determinations made and actions taken
          -------------
pursuant hereto shall be governed by the laws of the State of Wisconsin without
giving effect to its conflicts of law provisions.

     18.  Effective and Termination Dates.  The effective date of the Plan is
          -------------------------------
August 10, 2000. The Board of Directors of the Company and the Company's sole
shareholder have approved the Plan on that date. The Plan shall terminate on
August 9, 2010 subject to earlier termination by the Board pursuant to Section
11, after which no Awards may be made under the Plan, but any such termination
shall not affect Awards then outstanding or the authority of the Committee to
continue to administer the Plan.

     19.  Other Benefit and Compensation Programs.  Payments and other benefits
          ---------------------------------------
received by a Participant pursuant to an Award shall not be deemed a part of
such Participant's regular, recurring compensation for purposes of the
termination or severance plans of the Company and shall not be included in, nor
have any effect on, the determination of benefits under any other employee
benefit plan, contract or similar arrangement, unless the Committee expressly
determines otherwise.

     20.  Issuance of Options in Connection with Distribution of Metavante
          ----------------------------------------------------------------
Common Stock by Marshall & Ilsley Corporation.  In connection with the
---------------------------------------------
distribution of Metavante Common Stock by Marshall & Ilsley Corporation ("M&I")
to its shareholders (the "Spin-Off"), persons who hold options for M&I common
stock granted prior to August 1, 2000 ("M&I Options") will be given an election.
Employees of M&I and its affiliates and continuing directors (other than

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employees of Metavante and its affiliates) will have the choice of (i) having
the exercise price for their M&I Options adjusted to reflect the Spin-Off and at
the same time receiving options over Metavante Common Stock, all in accordance
with the formulas set forth on Exhibit A hereto ("Tandem Options") or (ii)
having the exercise price and number of option shares represented by their M&I
Options adjusted to reflect the Spin-Off so that they will hold solely options
for M&I common stock in accordance with the formula set forth on Exhibit A
hereto. Employees of Metavante and its affiliates will have the choice of (i)
Tandem Options or (ii) having the exercise price and number of option shares
represented by their M&I Options adjusted to reflect the Spin-Off so that they
will hold solely options for Metavante Common Stock in accordance with the
formula set forth on Exhibit A hereto. Retired employees and directors, and
current employees or directors who make no election, will automatically receive
Tandem Options. All options for Metavante Common Stock, whether issued as Tandem
Options or in exchange for M&I Options, will be issued under this Plan (the "New
Options"). The terms of the New Options will be substantially identical to the
prior M&I Options except they will be for Metavante Common Stock, the number of
shares and the exercise price will be adjusted as set forth in Exhibit A,
attached, and the Committee may make such other changes as they deem necessary
to achieve the objectives of this Section 20 so long as such changes do not
result in any adverse accounting consequences for M&I or the Company.

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                                    EXHIBITS

Exhibit A    Formulas

The above exhibit to this exhibit has been omitted.  The exhibit will be
furnished supplementally to the Securities and Exchange Commission upon request.<PAGE>

                                                                    Exhibit 10.2
                                                                    ------------
                             EMPLOYMENT AGREEMENT

     THIS EMPLOYMENT AGREEMENT is entered into this ___ day of _______, 2000 by
and between METAVANTE CORPORATION, a Wisconsin corporation (the "Company"), and
JOSEPH L. DELGADILLO ("Executive").

                                   RECITALS

     Executive is employed by the Company as its President and Chief Executive
Officer and serves as a member of the Company's Board of Directors (the "Board
of Directors").  The Company desires to provide management continuity for the
three years subsequent to the date of the initial public offering of the
Company's stock (the "IPO") by continuing to employ Executive pursuant to the
terms of this Employment Agreement.  Executive also desires to continue to be
employed by the Company in accordance with the terms and provisions contained
herein.

     NOW, THEREFORE, in consideration of the premises and mutual covenants and
agreements contained herein, the Company and Executive agree as follows.

     1. Employment.
        ----------

          (a)  The Company hereby employs Executive, and Executive hereby
     accepts employment, on the terms and subject to the conditions contained
     herein.

          (b)  During the Employment Term as defined in Section 2, below,
     Executive shall serve as the President and Chief Executive Officer ("CEO")
     of the Company.  In such capacities, Executive shall faithfully and to the
     best of his ability supervise, manage and administer the operations,
     business and affairs of the Company.  Executive shall have full executive
     authority and responsibility, subject to the control and direction of the
     Board of Directors, for the overall strategic policies, management and
     leadership of the Company and its subsidiaries.  During the Employment
     Term, Executive shall also serve as a Director of the Company (for so long
     as he shall be nominated and elected to fill such positions) and as an
     officer and/or director of such subsidiaries of the Company as may be
     designated by the Board of Directors, all without compensation other than
     as specified in this Agreement.

          (c)  During the Employment Term, and excluding any periods of vacation
     and sick leave to which Executive is entitled, Executive agrees to devote
     substantially all of his business time, efforts and skills to the business
     and affairs of the Company and, to the extent necessary to discharge the
     responsibilities assigned to Executive hereunder, to use Executive's
     reasonable best efforts to perform faithfully and efficiently such
     responsibilities.  It shall not be a violation of this Agreement for
     Executive to (A) serve on corporate, civic or charitable boards or
     committees, (B) deliver lectures, fulfill speaking engagements or teach at
     educational institutions and (C) manage personal investments, so long as
     such
<PAGE>

     activities do not materially interfere with the performance of Executive's
     responsibilities as an employee of the Company in accordance with this
     Agreement.

     2. Employment Term.
        ---------------

        The term of the employment of Executive under this Agreement (the
"Employment Term") shall commence as of the date hereof and shall continue,
unless sooner terminated under Section 7 hereof, until the third anniversary of
the IPO.

     3. Salary.
        ------

        (a)  During the Employment Term, Executive shall be paid a salary at
     the rate of at least $380,000 per annum (the "Annual Base Salary"), payable
     in equal installments in accordance with the Company's customary payroll
     practices in effect from time to time.

        (b)  Executive's Annual Base Salary shall be reviewed at least
     annually and may be increased at any time and from time to time as the
     Compensation Committee of the Board of Directors (the "Compensation
     Committee"), in its sole discretion, shall deem appropriate.  The term
     Annual Base Salary as utilized in this Agreement shall refer to Annual Base
     Salary as so increased.  Any increase in Annual Base Salary shall not serve
     to limit or reduce any other obligation to Executive under this Agreement.
     Annual Base Salary shall not be reduced at any time during the Employment
     Term.  Annual Base Salary is subject to income and employment tax
     withholding and all amounts in this Agreement are stated prior to any such
     deductions.

     4. Bonus and Long-Term Incentives.
        ------------------------------

        (a)  In addition to Annual Base Salary, Executive shall be eligible to
     receive, for each fiscal year ending during the Employment Term, an annual
     bonus (the "Annual Bonus") determined in accordance with Executive's short-
     term incentive plan as approved by the Compensation Committee or the
     Company's Board of Directors (the "Bonus Plan").

        (b)  Executive shall be eligible to participate in those long-term
     incentive plans available to senior executives of the Company, including
     the 2000 Stock Incentive Plan or any successor thereto, in an amount and on
     such terms as shall be determined by the Compensation Committee or as
     otherwise provided in the applicable plan.  Executive shall also be
     eligible to participate in the Company's Deferred Compensation Plan, when
     and if adopted, in accordance with its terms.

     5. Benefits.
        --------

        (a)  Subject to the application of any applicable anti-discrimination
     rules, Executive shall be entitled to participate during the Employment
     Term in all employee

                                       2
<PAGE>

     benefit plans, programs, practices or arrangements of the Company in which
     other senior executives of the Company are eligible to participate from
     time to time, including, without limitation, any qualified or non-qualified
     pension, profit sharing and savings plans, any death benefit and disability
     benefit plans, and any medical, dental, health and welfare plans on terms
     and conditions at least as favorable as provided to other senior executives
     of the Company.

          (b)  During the Employment Term, Executive shall be entitled to the
     same fringe benefits and vacation time available to other senior executives
     of the Company.

     6. Expenses.  The Company shall pay or reimburse Executive for all
        --------
reasonable out-of-pocket expenses incurred by him in the course of performing
his duties for the Company in accordance with the Company's reimbursement
policies for senior executives as in effect from time to time.  Executive shall
keep accurate records and receipts of such expenditures and shall submit such
accounts and proof thereof as may from time to time be required in accordance
with such expense account or reimbursement policies that the Company may
establish for its senior executives generally.

     7. Termination of Employment.  During the Employment Term, Executive's
        -------------------------
employment hereunder may be terminated under any of the following circumstances:

          (a)  Death or Disability.  Executive's employment hereunder shall
               -------------------
     terminate automatically upon Executive's death during the Employment Term.
     If the Company determines in good faith that a Disability (as defined
     below) of Executive has occurred during the Employment Term, the Company
     may give to Executive written notice in accordance with Section 7(d) of
     this Agreement of its intention to terminate Executive's employment
     hereunder.  In such event, Executive's employment with the Company shall
     terminate effective on the thirtieth (30th) day after receipt of such
     notice by Executive (the "Disability Effective Date"), provided that,
     within thirty (30) days after such receipt, Executive shall not have
     returned to full-time performance of Executive's duties.  For purposes of
     this Agreement, "Disability" has the same meaning as in the Company's Long-
     Term Disability Plan, or if there is no such plan, "Disability" means a
     mental or physical condition which, in the opinion of the Board of
     Directors, renders Executive unable or incompetent to carry out the
     material job responsibilities which such Executive held or the material
     duties to which Executive was assigned at the time the disability was
     incurred, which has existed for at least three months and, which condition,
     in the opinion of a physician selected by the Company's Board of Directors,
     is expected to be permanent or to have a duration of more than six months .

          (b)  Termination by Company.  The Company may terminate Executive's
               ----------------------
     employment for Cause or without Cause in accordance with the provisions of
     this Section 7.  For purposes of this Agreement, "Cause" means (i) an act
     or acts of personal dishonesty taken by Executive and intended to result in
     substantial personal enrichment of Executive at the expense of the Company,
     (ii) repeated violations by Executive of Executive's

                                       3
<PAGE>

     obligations under Section 1(b) of this Agreement which are demonstrably
     willful and deliberate on Executive's part and which are not remedied
     within thirty days after Executive's receipt of written notice from the
     Company that specifically describes the violation(s), (iii) the conviction
     of Executive of a felony, or (iv) any breach by Executive of Sections 9 or
     10 of this Agreement (nondisclosure, noncompetition and nonsolicitation).

          (c)  Good Reason Termination.  Executive may voluntarily terminate his
               -----------------------
     employment hereunder for Good Reason.  "Good Reason" means, without
     Executive's consent, the occurrence of one or more of the following during
     the Employment Term:

               (i)    a material diminution of or interference with Executive's
          duties and responsibilities with the Company, including, but not
          limited to a material demotion of Executive or a material reduction in
          the number or seniority of other Company personnel reporting, directly
          or indirectly, to Executive (except in connection with the termination
          of Executive's employment for Disability, Cause, or as a result of
          death);

               (ii)   a change in the principal workplace of Executive to a
          location outside of a 50-mile radius from Brown Deer, Wisconsin; or

               (iii)  nonpayment of all or a part of Executive's Annual Base
          Salary or Annual Bonus computed in accordance with Section 3 or 4(a)
          hereof, or a reduction in the Annual Base Salary which had theretofore
          been provided to Executive pursuant to Section 3.

     Notwithstanding the foregoing, Executive will not have "Good Reason" to
     terminate his employment with the Company unless (i) the  Executive
     complies with the requirements of subsection (d) hereof and (ii) within the
     thirty (30) day period after the Board of Directors receives the Notice of
     Termination, as defined in Section 7(d), below (ten (10) days if the
     exclusive basis for the claim is subsection (iii) hereof), the Company has
     not reasonably cured the situation which is the basis for Executive's claim
     of Good Reason to terminate.

          (d)  Notice of Termination.  Any purported termination of Executive's
               ---------------------
     employment by either party shall be communicated by Notice of Termination
     to the other party.  For purposes of this Agreement, a "Notice of
     Termination" shall mean a written notice which (i) indicates the specific
     termination provision in this Agreement relied upon; (ii) if applicable,
     sets forth in reasonable detail the facts and circumstances claimed to
     provide a basis for termination of Executive's employment under the
     provision so indicated; and (iii) indicates the Termination Date.
     "Termination Date" shall mean in the case of Executive's death, his date of
     death, or in all other cases of termination by the Company, the date
     specified in the Notice of Termination; provided, however, that the date
                                             --------  -------
     specified in the Notice of Termination shall be at least thirty (30) days
     after the date the Notice of Termination is given to one party by the other
     party, provided, further, that
            --------  -------

                                       4
<PAGE>

     in the case of Disability, Executive shall not have returned to the full-
     time performance of his duties during such period of at least thirty (30)
     days. In the case of Executive's Good Reason Termination, the "Termination
     Date" shall be no earlier than sixty (60) days after written notice by
     Executive to the Company, unless the Company agrees to an earlier
     Termination Date.

     8. Obligations Upon Termination.
        ----------------------------

          (a)  Termination by the Company for Cause.  If Executive's employment
               ------------------------------------
     with the Company is terminated by the Company for Cause, the Company will
     pay and/or provide Executive with the following: (i) in a lump sum within
     thirty days after the Termination Date, Executive's Annual Base Salary
     earned but unpaid as of the Termination Date, Annual Bonus (for the fiscal
     year ending prior to the year in which the Notice of Termination is given
     and which is earned but unpaid as of the Termination Date) and long-term
     incentive awards, if any, (for performance periods completed in the fiscal
     year ending prior to the year in which the Notice of Termination is given
     and which is earned but unpaid as of the Termination Date) (jointly
     referred to as the "Accrued Obligations"), and (ii) all benefits to which
     Executive is entitled under any benefit plans set forth in Section 5 hereof
     in accordance with the terms of such plans through the Termination Date.

          (b)  Termination by Reason of Disability or Death.  If Executive's
               --------------------------------------------
     employment with the Company is terminated during the Employment Term by
     reason of Executive's Disability or death, the Company will pay and/or
     provide Executive or Executive's legal representative, as the case may be,
     with the following: (i) in a lump sum within ten days after compliance with
     subsection (d) hereof, the Accrued Obligations and (ii) all benefits to
     which Executive is entitled under any benefit plans set forth in Section 5
     hereof in accordance with the terms of such plans through the Termination
     Date.  In addition, if Executive's employment with the Company is
     terminated during the Employment Term by reason of Executive's Disability,
     Executive shall receive a monthly amount equal to one-twelfth of the sum of
     (a) his Annual Base Salary plus (b) the average of the Annual Bonuses
      -                               -
     earned by Executive for the two fiscal years preceding the fiscal year in
     which the Termination Date occurs (including for this purpose bonuses
     earned while Executive was employed by Marshall & Ilsley Corporation if
     Executive has not received two Annual Bonuses from the Company) (the
     "Average Bonus") reduced by (c) any monthly payments received from the
                                  -
     Company's short- or long-term disability plans and (d) any monthly payments
                                                         -
     to which Executive is entitled from any governmental social security,
     workers compensation or similar plan (the "Supplemental Disability
     Payments"), for the shorter of (A) 12 months or (B) the remaining number of
     full months between the Termination Date and the third anniversary of the
     IPO.  Nothing contained herein shall prevent continued disability payments
     for a further period under the terms of any short- or long-term disability
     plans maintained by the Company after the Supplemental Disability Payments
     terminate.  However, any time periods applicable to disability payments
     under such plans shall start when such Supplemental Disability Payments
     commence.  For

                                       5
<PAGE>

     example, if Executive receives 12 months of Supplemental Disability
     Payments and the Company's long-term disability plan limits payments for
     certain types of disabilities to two years, Executive will only be entitled
     to an additional one year of payments for such disability under the
     Company's plan assuming Executive otherwise meets the criteria for such
     payments.

          (c)  Good Reason Termination or Termination by the Company Without
               -------------------------------------------------------------
     Cause.  If Executive terminates his employment hereunder for Good Reason,
     -----
     or the Company terminates Executive's employment without Cause, the Company
     will pay and/or provide Executive with the following, but only for so long
     as Executive complies with his responsibilities under Sections 9, 10 and 11
     of this Agreement (nondisclosure, noncompetition and nonsolicitation): (i)
     in a lump sum within ten days after compliance with subsection (d) hereof,
     the Accrued Obligations, (ii) Annual Salary continuation until the third
     anniversary of the IPO, (iii) in substantially equal monthly installments
     beginning with the month after the Termination Date and ending with the
     month in which the third anniversary of the IPO occurs, a total amount
     equal to the product of (w) the average of the Annual Bonuses earned by
     Executive for the two fiscal years preceding the fiscal year in which the
     Termination Date occurs (including for this purpose bonuses earned while
     Executive was employed by Marshall & Ilsley Corporation if Executive has
     not received two Annual Bonuses from the Company), and (x) a fraction, the
     numerator of which is the number of days from the first day in the fiscal
     year in which the Termination Date occurs until the third anniversary of
     the IPO and the denominator of which is 365  and (iv) continuation of
     health and dental coverage under the Company's plans, subsidized by the
     Company to the same extent as active employees, from the Termination Date
     until the third anniversary of the IPO, provided, however, that if
                                             --------  -------
     Executive becomes reemployed with another employer and is eligible to
     receive health or other benefits under another employer-provided plan, the
     health and dental benefits provided hereunder shall be secondary to those
     provided under such other plan.  The coverage period for purposes of the
     group health and dental continuation requirements of the Consolidated
     Omnibus Budget Reconciliation Act of 1985, as amended, shall commence on
     the later of (y) the Termination Date or (z) the date which is eighteen
     months prior to the third anniversary of the IPO.

          (d)  Release of Claims.  Notwithstanding the foregoing, the Company
               -----------------
     will not pay to Executive, and Executive will not have any right to receive
     any payments described in Sections 8(b) and (c), unless and until Executive
     or his legal representative (in the case of Executive's death or if
     Executive is disabled such that he is unable to consent) executes, and
     there shall be effective following any statutory period for revocation, a
     release, in a form reasonably acceptable to the Company, that irrevocably
     and unconditionally releases, waives, and fully and forever discharges the
     Company and its past and current shareholders, members of the Board of
     Directors, officers, employees, and agents from and against any and all
     claims, liabilities, obligations, covenants, rights, demands and damages of
     any nature whatsoever, whether known or unknown, anticipated or
     unanticipated, relating to or arising out of Executive's employment with
     the Company,

                                       6
<PAGE>

     including without limitation claims arising under the Age Discrimination in
     Employment Act of 1977, as amended, Title VII of the Civil Rights Act of
     1974, as amended, the Civil Rights Act of 1991, as amended, the Equal Pay
     Act, as amended, and any other federal, state, or local law or regulation.

          (e)  Withholding and Other Issues.  Payments to be made to Executive
               ----------------------------
     under this Section 8 will be reduced by any applicable income or employment
     taxes which are required by be withheld under applicable law, and all
     amounts are stated before any such deduction.  Furthermore, none of the
     payments under this Section 8 shall be included as compensation for
     purposes of any pension, deferred compensation or welfare benefit plan or
     program of the Company.

     9. Nondisclosure.
        -------------

          (a)  During the Employment Term and during the two-year period
     following his termination of employment with the Company, Executive shall
     not make any Unauthorized Disclosure.  For purposes of this Agreement,
     "Unauthorized Disclosure" shall mean use by Executive or disclosure by
     Executive without the consent of the Board of Directors of the Company to
     any person, other than use or disclosure that is reasonably necessary or
     appropriate in connection with the performance by Executive of his duties
     as an executive of the Company or as may be legally required (provided the
     provisions of Section 9(c) hereof are complied with), of any confidential
     information obtained by Executive while in the employ of the Company,
     including, but not limited to, confidential information with respect to any
     of the Company's customers, suppliers, contractors, methods of operation,
     services, products, mechanisms, databases, processes, programs and access
     codes (the "Confidential Information"); provided, however, that
                                             --------  -------
     Confidential Information shall not include the use or disclosure by
     Executive, without consent, of any information known generally to the
     public (other than as a result of disclosure by him in violation of this
     Section 9(a)).  Nothing herein shall limit Executive's confidentiality
     obligation as regards any information which is a trade secret as defined in
     Section 134.90 of the Wisconsin Statutes, or any successor thereto.

          (b)  Executive agrees that all memoranda, notes, records, papers,
     financial models, mechanisms, programs, flow charts, work papers, source
     codes, computer codes, designs, software, data and other documents and all
     copies thereof relating to the operations or business of the Company, some
     of which may be prepared by him, and all objects associated therewith (such
     as samples) in any way obtained by him in connection with the performance
     of his duties hereunder shall be the exclusive property of the Company.
     Executive shall not, except for the Company's use, copy or duplicate any of
     the aforementioned, not remove them from the Company's facilities, nor use
     any information concerning them, in each case, except for the Company's
     benefit, either during his employment or thereafter.  Executive agrees that
     he will deliver the original and all copies of all of the aforementioned
     that may be in his possession to the Company on

                                       7
<PAGE>

     termination of his employment, or at any other time on the request of the
     Board of Directors of the Company.

          (c)  If Executive is requested or becomes legally required or
     compelled (by oral questions, interrogatories, requests for information or
     documents, subpoena, civil or criminal investigative demand, or similar
     process) or is required by a governmental body to make any disclosure that
     is prohibited or otherwise constrained by this Agreement, Executive will
     provide the Company with prompt notice of such request so that it may seek
     an appropriate protective order or other appropriate remedy.  Subject to
     the foregoing, Executive may furnish that portion (and only that portion)
     of the Confidential Information that Executive is legally compelled or is
     otherwise required to disclose or else stand liable for contempt or suffer
     other material censure or material penalty.

     10. Noncompetition.
         --------------

          (a)  Restrictions.  Executive agrees that he shall not at any time
               ------------
     while Executive is employed by the Company and for an additional period set
     forth below, without the Company's prior written consent, directly or
     indirectly, accept employment with, consult for or otherwise render advice
     or assistance to, any Competitor in any capacity which involves the
     performance or fulfillment of any duty, responsibility or service
     substantially similar to any of the duties, responsibilities or services
     performed or fulfilled by Executive at the time of the termination of his
     employment with the Company or during the one-year period preceding such
     termination.  The additional period shall be (i) two years following the
     termination of his employment if Executive voluntarily terminates his
     employment with the Company without Good Reason or the Company terminates
     his employment for Cause or (ii) the shorter of (a) two years or (b) the
                                                      -                -
     period for which Executive receives payments pursuant to Section 8(c)
     hereof if Executive terminates his employment for Good Reason or the
     Company terminates his employment without Cause.  The additional period
     shall be the period for which Executive receives payments pursuant to the
     last sentence of Section 8(b) hereof in the case of termination of
     employment due to Disability.

          (b)  Definition of Competitor.  For purposes of this Agreement, the
               ------------------------
     term "Competitor" shall mean any business, incorporated or otherwise, which
           ----------
     is engaged, directly or indirectly, in any business which competes with the
     business conducted by the Company in which Executive participated during
     his period of employment or any business actively contemplated by the
     Company with Executive's participation during Executive's period of
     employment, or is substantially similar thereto and which engages in
     business in, or is located in, the United States.

     11. Nonsolicitation.
         ---------------

                                       8
<PAGE>

          (a)  Restrictions.  Executive agrees that he shall not at any time
               ------------
     while Executive is employed by the Company and for the additional period
     set forth below, without the Company's prior written consent, directly or
     indirectly:

               (i) divert, or attempt to divert, any business from the Company
          or contact, solicit or entice any Client of the Company (as hereafter
          defined) so as to cause, or attempt to cause, any such Client not to
          do business with the Company, to diminish its purchases from the
          Company or to purchase products or services sold by the Company from
          any source other than the Company; or

               (ii) induce, or attempt to induce, any employee of the Company to
          accept employment with a Competitor.

     The additional period shall be (i) two years following the termination of
     his employment if Executive voluntarily terminates his employment with the
     Company without Good Reason or the Company terminates his employment for
     Cause or (ii) the shorter of (a) two years or (b) the period for which
                                   -                -
     Executive receives payments pursuant to Section 8(c) hereof if Executive
     terminates his employment for Good Reason or the Company terminates his
     employment without Cause.  The additional period shall be the period for
     which Executive receives payments pursuant to the last sentence of Section
     8(b) hereof in the case of termination of employment due to Disability.

          (b)  Definition of Client.  For purposes of this Agreement the term
               --------------------
     "Client" shall mean any person or business (i) which purchased goods or
     -------
     services from the Company during the one-year period preceding the
     termination of Executive's employment; (ii) with whom the Company, with
     Executive's assistance, was conducting negotiations for the sale of goods
     or services at the time of the termination of Executive's employment and
     which purchased goods or services from the Company within six months
     thereafter; or (iii) to whom the Company had submitted a proposal, with the
     assistance of Participant, within six months prior to Executive's
     termination which was under consideration at the time of Executive's
     termination;  provided, however, that "Client" shall not include any person
                   --------  -------
     or business identified in subsection (i) who or which terminates its
     business dealings with the Company without any encouragement by
     Participant, or identified in subsection (ii) or (iii) who or which,
     without any encouragement by Participant, elects to terminate negotiations
     or consideration of the proposal.

          (c)  Definition of Competitor.  For purposes of this Section 11, the
               ------------------------
     term "Competitor" shall have the same meaning as in Section 10(b), above.
           ----------

          (d)  Obligation to Affiliates.  As used in  Sections 10 and 11, the
               ------------------------
     term "Company" shall include any direct or indirect subsidiaries, sister
     corporations or other

                                       9
<PAGE>

     corporations or business entities which the Company controls or which are
     controlled by or under common control with the Company. As used herein the
     term "Control" means the power, through the ownership of voting stock or
     otherwise, to elect a majority of the Board of Directors of a corporation
     or other business entity or to otherwise manage or control the business of
     such entity.

     12. Enforcement of Covenants.  Executive recognizes that irreparable and
         ------------------------
incalculable injury will result to the Company, its businesses or properties in
the event of his breach of any of the restrictions imposed by Sections 9, 10 and
11, above.  Executive therefore agrees that, in the event of any such actual,
impending or threatened breach, the Company will be entitled, in addition to any
other remedies and damages, to temporary and permanent injunctive relief
(without the necessity of posting a bond or other security) restraining the
violation, or further violation, of such restrictions by Executive and by any
other person or entity for whom Executive may be acting or who is acting for
Executive or in concert with Executive.  Any term or provision of Section 9, 10
or 11 which is invalid or unenforceable in any jurisdiction shall, as to that
jurisdiction, be ineffective to the extent of such invalidity or
unenforceability without rendering invalid or unenforceable the remaining terms
and provisions of this Agreement or affecting the validity or enforceability of
any of the terms and provisions of this Agreement in any other jurisdiction.  If
any provision of this Agreement is so broad as to be unenforceable, the
provision shall be interpreted to be only so broad as is enforceable.

     13. Exclusive Remedy.  The payments, severance benefits and severance
         ----------------
protections provided to Executive pursuant to this Agreement are to be paid and
provided in lieu of any severance payments, severance benefits and severance
protections provided in any other plan or policy of the Company.

     14. Successors.
         ----------

          (a)  This Agreement is personal to Executive and without the prior
     written consent of the Company shall not be assignable by Executive
     otherwise than by will or the laws of descent and distribution. This
     Agreement shall inure to the benefit of and be enforceable by Executive's
     legal representatives.

          (b)  This Agreement shall inure to the benefit of and be binding upon
     the Company and its successors.

     15. Legal Fees and Expenses.  In any legal proceeding commenced by the
         -----------------------
Company or Executive to enforce or interpret the terms of this Agreement, or to
recover damages for breach hereof, Executive, if the prevailing party, shall be
entitled to recover from the Company reasonable attorneys' fees and necessary
costs and disbursements incurred in such litigation, in addition to any other
relief to which he may be entitled.  Notwithstanding the foregoing, this
provision shall not apply to any legal proceedings regarding Sections 9, 10 or
11 of this Agreement (nondisclosure, noncompetition and nonsolicitation) if
Executive voluntarily terminates his employment under this Agreement without
Good Reason.

                                       10
<PAGE>

     16.  Miscellaneous.
          --------------

          (a)  This Agreement shall be governed by and construed in accordance
     with the laws of the State of Wisconsin, without reference to principles of
     conflict of laws. The captions of this Agreement are not part of the
     provisions hereof and shall have no force or effect. This Agreement may not
     be amended or modified otherwise than by a written agreement executed by
     the Company and Executive or their respective successors and legal
     representatives.

          (b)  All notices and other communications hereunder shall be in
     writing and shall be given by hand delivery to the other party, delivered
     by overnight courier, or by certified mail, return receipt requested,
     postage prepaid, addressed as follows:

          If to Executive:    His most recent home address as it appears on
          ----------------
                              the Company's records.

          If to the Company:  Metavante Corporation
          ------------------
                              4900 West Brown Deer Rd.
                              Brown Deer, Wisconsin  53223-2459
                              Attention:  General Counsel

     or to such other address as either party shall have furnished to the other
     in writing in accordance herewith. Notice and communications shall be
     effective when actually received by the addressee.

          (c)  The invalidity or unenforceability of any provision of this
     Agreement shall not affect the validity or enforceability of any other
     provision of this Agreement.

          (d)  Executive's or Company's failure to insist upon strict compliance
     with any provision hereof shall not be deemed to be a waiver of such
     provision or any other provision thereof.

          (e)  This Agreement contains the entire understanding of the Company
     and Executive with respect to the subject matter hereof.  It is expressly
     agreed that this Agreement supersedes and replaces any other agreements, if
     any, understandings and arrangements, oral or written, between the parties
     hereto regarding the subject matter of this Agreement other than (i) the
     terms of all qualified, welfare benefit and compensation plans and awards
     in which Executive participates, and (ii) the Change of Control Agreements
     entered into between the Company and Executive dated ________________ and
     between Marshall & Ilsley Corporation and Executive dated _____________
     (the "Change of Control Agreements").  In all events, and notwithstanding
     anything herein contained to the contrary, if a Change of Control, as
     defined in the Change of Control Agreements, occurs, this Agreement shall
     be of no further force and effect and the Change of Control

                                       11
<PAGE>

     Agreements shall govern the terms of Executive's employment and any
     payments he is to receive upon the termination of his employment with the
     Company. In no event will Executive be entitled to payments upon
     termination of his employment under this Agreement if he is entitled to
     payments upon termination of his employment under the Change of Control
     Agreements.

          (f)  If Executive dies prior to receiving all of the amounts payable
     to him in accordance with the terms and conditions of this Agreement, such
     amounts shall be paid to the beneficiary ("Beneficiary") designated by
     Executive in writing to the Company, or if no such Beneficiary is
     designated, to Executive's estate.  Executive, without the consent of any
     prior Beneficiary, may change his designation of Beneficiary or
     Beneficiaries at any time or from time to time by submitting to the Company
     a new designation in writing.

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first set forth above.

                                   METAVANTE CORPORATION

                                   By:  ____________________________________

                                   EXECUTIVE

                                   ____________________________________
                                   Joseph L. Delgadillo

                                       12

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