Unassociated Document


    


     

    Capitol
      Federal Financial

     

     

    Exhibit
      10.8

     

     

    Named
      Executive Officer Salary and Bonus Arrangements

     

     

    Base
      Salaries

     

     

    The
      base
      salaries, effective July 7, 2007, for the executive officers (the "named
      executive officers") of Capitol Federal Financial who will be named in the
      compensation table that appears in the Company's annual meeting proxy statement
      for the fiscal year ended September 30, 2007 are as follows:

     

    
      	
              Name
                and Title

            	
              Base
                Salary

            
	 	 
	
              John
                B. Dicus

              President
                and Chief Executive Officer

            	
              $489,000

            
	
               

            	 
	
              John
                C. Dicus

              Chairman
                of the Board

            	
              $412,000

            
	 	 
	
              R.
                Joe Aleshire

              Executive
                Vice President

            	
              $214,000

            
	
               

            	 
	
              Larry
                K. Brubaker

              Executive
                Vice President

            	
              $214,000

            
	 	 
	
              Kent
                G. Townsend

              Chief
                Financial Officer

            	
              $210,000

            


    

    


    Bonus
      Plans

    On
      December 12, 2005, the Compensation Committee of the Company’s board of
      directors approved a short-term performance cash bonus plan.  The plan
      was filed on December 14, 2005 as Exhibit 10.10 to the Annual Report on Form
      10-K for the fiscal year ended September 30, 2005.  The plan will
      expire following the payment of bonuses for fiscal 2011.  The
      short-term performance plan provides for annual bonus awards, as a percentage
      of
      base salary, to selected management personnel based on the achievement of
      pre-established corporate and individual performance
      criteria.  Awards, if any, are typically made in January for the
      fiscal year ended the preceding September 30th.

    


    The
      corporate performance criteria under the short-term performance plan are
      comprised of targeted levels of the Company’s return on average equity, basic
      earnings per share and efficiency ratio.  For each executive officer
      named below, 90% of his award will continue to be based on the attainment of
      corporate performance goals, with the remainder based on his achievement of
      individual performance objectives.

    


    Under
      the
      short-term performance plan, the maximum potential annual bonus awards for
      the
      executive officers whom the Company believes are likely to be named in the
      summary compensation table in the Company’s proxy statement for its annual
      meeting of stockholders following the end of fiscal year 2008 are as
      follows:  John C. Dicus, Chairman, 60% of base salary; John B. Dicus,
      President and Chief Executive Officer, 60% of base salary; Larry K. Brubaker,
      Executive Vice President for Corporate Services, 40% of base salary; Kent G.
      Townsend, Executive Vice President, Chief Financial Officer and Treasurer,
      40%
      of base salary; and Richard J. Aleshire, Executive Vice President for Retail
      Operations, 40% of base salary.


    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    


    On
      December 7, 2006, the Compensation Committee of the Company’s board of directors
      approved a deferred incentive bonus plan (the “DFIB”).  The DFIB was
      filed on December 14, 2006 as Exhibit 10.4 to the Annual Report on Form 10-K
      for
      the fiscal year ended September 30, 2006.  Under the DFIB, a portion
      of the bonus awarded under the short-term performance plan (from $2 thousand
      to
      as much as 50% of the award, up to a maximum of $100 thousand) to an officer
      eligible to participate in the DFIB may be deferred under the DFIB for a three
      year period.  The total amount of the deferred bonus, plus a 50%
      Company match, is deemed to be invested in the Company’s common stock at the
      closing price as of the December 31st immediately preceding the deferral
      date.  If the participant is still employed at the end of the deferral
      period, the participant will receive a cash payment equal to the sum of: (1)
      the
      deferred amount, (2) the Company match, (3) the value of all dividend
      equivalents paid during the deferral period on the Company common stock in
      which
      the participant is deemed to have invested and (4) the appreciation, if any,
      during the deferral period on the Company common stock in which the participant
      is deemed to