Schedule of Potential Payments under Extended Severance Benefit Agreement for Executive Officers
This document lists the potential severance payments for several executive officers, including their names, titles, payment amounts, and effective dates. The payments are based on each executive's 2006 annual base salary and would be provided under the terms of an Extended Severance Benefit Agreement. The schedule specifies the amounts each executive would receive if the agreement is triggered, along with the date from which the benefit would be effective.
Exhibit 10.1(b)
Schedule of Potential Payments to Form of Extended Severance Benefit Agreement
Name and Title | Extended Severance Benefit* | Effective Date |
Nayan V. Kisnadwala Chief Financial Officer | $990,000 | January 1, 2007 |
Walter P. Buczynski | $861,600 | January 1, 2007 |
John C. Kendall | $800,000 | September 30, 2006 |
James T. Hagan, Jr. Production (Fieldstone Mortgage) | $1,400,000 | January 1, 2007 |
John C. Camp, IV Chief Information Officer | $641,000 | January 1, 2007 |
*Based on 2006 Annual Base Salary