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