Summary of Awards under NetBank, Inc. Amended and Restated Mid-TermIncentive Plan
Exhibit 10.5
Summary of Awards
under
NetBank, Inc. Amended and Restated Mid-Term Incentive Plan
|
|
| Performance |
|
|
|
|
|
|
| |||
|
|
| or Other |
|
|
| |||||||
|
|
| Period Until |
| Restricted Stock Value of Potential Future Payouts |
| |||||||
|
|
| Maturation or |
| Threshold |
| Target |
| Maximum |
| |||
| Name and Title |
| Payout |
| ($) |
| ($) |
| ($) |
| |||
| Douglas K. Freeman |
|
|
|
|
|
|
|
|
| |||
| Chairman and Chief |
| 12/31/07 |
| $ | 150,000 |
| $ | 300,000 |
| $ | 450,000 |
|
| Executive Officer |
| 12/31/08 |
| $ | 150,000 |
| $ | 300,000 |
| $ | 450,000 |
|
|
|
|
|
|
|
|
|
|
|
| |||
| R. Theodore Brauch |
| 12/31/07 |
| $ | 25,000 |
| $ | 50,000 |
| $ | 75,000 |
|
| Chief Risk Executive |
| 12/31/08 |
| $ | 25,000 |
| $ | 50,000 |
| $ | 75,000 |
|
|
|
|
|
|
|
|
|
|
|
| |||
| Steven F. Herbert |
| 12/31/07 |
| $ | 37,500 |
| $ | 75,000 |
| $ | 112,500 |
|
| Chief Finance Executive |
| 12/31/08 |
| $ | 37,500 |
| $ | 75,000 |
| $ | 112,500 |
|
|
|
|
|
|
|
|
|
|
|
| |||
| Charles E. Mapson |
| 12/31/07 |
| $ | 25,000 |
| $ | 50,000 |
| $ | 75,000 |
|
| Chief Legal Executive |
| 12/31/08 |
| $ | 25,000 |
| $ | 50,000 |
| $ | 75,000 |
|
|
|
|
|
|
|
|
|
|
|
| |||
| Jerald W. McCoy |
|
|
|
|
|
|
|
|
| |||
| Chief Capital Markets |
|
|
|
|
|
|
|
|
| |||
| and Marketing and |
| 12/31/07 |
| $ | 37,500 |
| $ | 75,000 |
| $ | 112,500 |
|
| Customer Segmentation Executive |
| 12/31/08 |
| $ | 37,500 |
| $ | 75,000 |
| $ | 112,500 |
|
|
|
|
|
|
|
|
|
|
|
| |||
| William M. Ross |
|
|
|
|
|
|
|
|
| |||
| Chief Transaction Processing and |
| 12/31/07 |
| $ | 37,500 |
| $ | 75,000 |
| $ | 112,500 |
|
| Strategic Initiatives Executive |
| 12/31/08 |
| $ | 37,500 |
| $ | 75,000 |
| $ | 112,500 |
|
