2017 Salary and Bonus Arrangements for Named Executive Officers of Great Southern Bancorp, Inc.

Summary

This document outlines the 2017 base salaries and bonus arrangements for key executive officers of Great Southern Bancorp, Inc. and Great Southern Bank. It lists the annual base salaries for each named executive and describes their bonus entitlements. William V. Turner and Joseph W. Turner receive annual cash bonuses equal to 0.5% of the company's pre-tax net income, as specified in their employment agreements. Other executives may earn bonuses up to 15.75% of their base salary, based on company earnings per share and individual performance.

EX-10.7 2 ex10-7.htm DESCRIPTION OF SALARY AND BONUS ARRANGEMENTS FOR NAMED EXECUTIVE OFFICERS FOR 2017

Exhibit 10.7

Current Named Executive Officer Salary and Bonus Arrangements for 2017

Base Salaries

The base salaries for 2017 for the following executive officers of Great Southern Bancorp, Inc. (the "Company") and Great Southern Bank (the "Bank") currently are as follows:

Name and Title	Base Salary


William V. Turner	$200,000
Chairman of the Board of
the Company and the Bank

Joseph W. Turner	$368,985
President and Chief
Executive Officer of the
Company and the Bank

Rex A. Copeland	$328,387
Treasurer of the Company
and Senior Vice President and
Chief Financial Officer of the Bank

Steven G. Mitchem	$261,607
Senior Vice President and Chief
Lending Officer of the Bank

Douglas W. Marrs	$181,304
Secretary of the Company and
Secretary, Vice President – Operations
of the Bank

Linton J. Thomason	$170,538
Vice President–Information Services
of the Bank

Description of Bonus Arrangements

Pursuant to their employment agreements with the Company, each of Messrs. William V. Turner and Joseph W. Turner is entitled to an annual cash bonus equal to one-half of one percent of the Company's pre-tax net income. For certain executive officers whose bonus arrangements are not governed by contract, the Company has maintained an incentive bonus arrangement under which the officers may earn a cash bonus of up to 15.75% of the officer's annual base salary, with up to 8.25% based on the extent to which the Company achieves targeted earnings per share results and up to 7.50% based on the officer's individual performance.