AMENDMENT NO. 1 TO THE HOMEBANC CORP. 2004 DIRECTOR COMPENSATION PLAN
EX-10.2 3 dex102.htm AMENDMENT NO. 1 TO THE HOMEBANC CORP. 2004 DIRECTOR COMPENSATION PLAN Amendment No. 1 to the HomeBanc Corp. 2004 Director Compensation Plan
Exhibit 10.2
AMENDMENT NO. 1 TO THE HOMEBANC CORP.
2004 DIRECTOR COMPENSATION PLAN
This Amendment No. 1 to the HomeBanc Corp. 2004 Director Compensation Plan (the “Plan”) is made and entered into this 13th day of April, 2005, by HomeBanc Corp. (the “Company”).
Pursuant to a resolution of the Board of Directors of the Company, in accordance with Article 7 of the Plan, the Plan is hereby amended as follows:
| 1. | By deleting the words “to be determined” in Section 5.2 with respect to the Supplemental Annual Retainer payable to the Chair of the Audit Committee and replacing it with, “$25,000.” |
| 2. | By adding the following new line to the table in Section 5.2: |
| Chair of Investment and Risk Management Committee | $ | 10,000 |
| 3. | Except as specifically set forth herein, the terms of the Plan shall remain in full force and effect as prior to this amendment. |
IN WITNESS WHEREOF, the Company has caused this Amendment to be executed by its duly authorized officer as of the date first above written.
| HOMEBANC CORP. | ||
| By: | /s/ Charles W. McGuire | |
| Name: | Charles W. McGuire | |
| Title: | Executive Vice President, General Counsel and Secretary | |
