Document:

Exhibit
10.2(k)

 

Form of Mid-term Incentive Plan Award Agreement for
reporting persons

 

NetBank,
Inc. Mid-Term Incentive Plan Award Agreement

 

NetBank, Inc. grants to the individual named below an Award
under the NetBank, Inc. Mid-Term Incentive Plan.

 

The terms and conditions of the Award are set forth in this
Agreement and the NetBank, Inc. Mid-Term Incentive Plan (the “Plan”). All of
the provisions of the Plan are incorporated in this Agreement and have the same
effect as if they were set forth in full in this Agreement. Capitalized terms
used in this Agreement have the same meaning as in the Plan. In the event of a
discrepancy between this Agreement and the Plan, the terms of the Plan shall
prevail.

 

Name of Grantee:

 

Grantee’s Social
Security Number:

 

Performance Period: 
Beginning on:                                 
and ending on:                                 

 

Target
Performance and associated payouts:

 

	
   

  	
   

  	
  Award Payout

  	
   

  	
  Performance Targets

  	
   

  
	
  Performance measure

  	
   

  	
  At threshold

  performance

  	
   

  	
  At Target

  Performance

  	
   

  	
  At Maximum

  Performance

  	
   

  	
  Threshold

  	
   

  	
  Target

  	
   

  	
  Maximum

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  NetBank
  EPS

  	
   

  	
  $

  	
   

  	
  $

  	
   

  	
  $

  	
   

  	
  $

  	
   

  	
  $

  	
   

  	
  $

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Financial
  intermediary EPS

  	
   

  	
  $

  	
   

  	
  $

  	
   

  	
  $

  	
   

  	
  $

  	
   

  	
  $

  	
   

  	
  $

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Retail
  banking EPS

  	
   

  	
  $

  	
   

  	
  $

  	
   

  	
  $

  	
   

  	
  $

  	
   

  	
  $

  	
   

  	
  $

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Processing
  EPS

  	
   

  	
  $

  	
   

  	
  $

  	
   

  	
  $

  	
   

  	
  $

  	
   

  	
  $

  	
   

  	
  $

  	
   

  

 

Total
Target Incentive awarded: $                           

 

	
  Description

  	
   

  	
   

  
	
   

  	
   

  	
  You
  have been awarded a Target Incentive, which is divided among several
  performance objectives, which will be paid to you in shares of NetBank common
  stock to the extent that NetBank’s performance, relative to those performance
  measures, warrants it, according to the schedule set forth in the Plan, as
  supplemented by the schedule above.  If
  actual performance is below threshold, you will receive no value from this
  Award attributable to the applicable performance measure(s). Likewise, if
  performance exceeds Target Performance for all performance measures, you may
  receive up to 150% of the Target Incentive, subject to the Vesting
  requirements described below.

  
	
   

  	
   

  	
   

  

 

 

	
  Vesting

  	
   

  	
   

  
	
   

  	
   

  	
  If you experience any one of the events described under
  the heading “Early Settlement Event” below prior to the applicable Service
  Date, the remaining unvested Shares will vest on the date of that event.
  Otherwise, if you cease to be an Employee of NetBank for any other reason
  after the end of the Performance Period but prior to the completion of the
  applicable Service Date above, any remaining unvested Shares will be
  forfeited.

  
	
   

  	
   

  	
   

  
	
  Early Settlement Event

  	
   

  	
  Your Award will become payable prior to the end of the Performance
  Period if any one of the following events occurs prior to its end:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  •

  	
  Your service as an
  Employee ends because of your death, Total Disability or your Retirement;

  
	
   

  	
   

  	
  •

  	
  Your service as an
  Employee is terminated by NetBank without Cause and you agree to release any
  and all employment-related claims.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  In addition, your Award
  will become payable if one of the following occurs during the Change In
  Control Window Period:

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  •

  	
  Your service as an
  Employee with NetBank is terminated by NetBank for any reason except for
  Cause; or

  
	
   

  	
   

  	
  •

  	
  You terminate your
  service as an Employee with NetBank within 30 days of a Constructive
  Termination.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Though your Award will
  become payable in the circumstances described above, the payment will be on a
  pro rata basis and will be made if and only to the extent of actual
  performance to the event date relative to Target Performance in accordance
  with the schedule set forth in the Plan, as supplemented by the schedule
  above. The pro rata payment to be made, if any, will be equal to (1) the
  payment determined by the schedules, multiplied by (2) a fraction, the
  numerator of which is the number of days from the Date of Award to the date
  of the applicable event and the denominator of which is the total numbers of
  days in the Performance Period.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Any and all Shares paid
  because of the early settlement of the Award will be fully Vested and the
  Award shall be deemed fully settled as a result of the early settlement
  event.

  
	
   

  	
   

  	
   

  
	
  Taxes

  	
   

  	
   

  
	
   

  	
   

  	
  Unless you make arrangements to pay applicable
  withholding taxes in cash, all payments under the Plan, and Shares becoming
  Vested after payment, will be reduced by any amounts NetBank, Inc. determines
  appropriate for applicable tax withholding.

  

 

 

	
  No
  Transfers

  	
   

  	
   

  
	
   

  	
   

  	
  Prior to Vesting, you may not transfer, sell or assign
  your Shares to anyone and, if you attempt to do so, your Shares will
  immediately become invalid. However, you may provide for your Shares to be
  transferred to your beneficiary in the event of your death by way of the
  beneficiary designation form attached to this Agreement.

  
	
   

  	
   

  	
   

  
	
  Notices

  	
   

  	
   

  
	
   

  	
   

  	
  Any written notices required under the Plan or this
  Agreement shall be directed to the Grantee at his or her address indicated by
  NetBank, Inc. records. Any written notices that you direct to NetBank, Inc.
  should be sent to NetBank, Inc.’s principal executive office.

  
	
   

  	
   

  	
   

  
	
  Administration

  	
   

  	
   

  
	
   

  	
   

  	
  The Compensation Committee of the Board of Directors of
  NetBank, Inc. administers the Plan and has the same powers with respect to
  this Agreement as it has under the Plan.

  
	
   

  	
   

  	
   

  
	
  No

  	
   

  	
   

  
	
  Employment

  Rights

  	
   

  	
  Neither your participation in the Plan nor anything in
  this Agreement gives you the right to employment with NetBank, Inc. or any
  subsidiary of NetBank, Inc. in any capacity. NetBank, Inc. reserves the right
  to terminate your service at any time and for any reason or for no reason.

  
	
   

  	
   

  	
   

  
	
  Shareholder

  	
   

  	
   

  
	
  Approval

  	
   

  	
  This Award is subject to and conditioned upon shareholder
  approval. If shareholder approval is not obtained at the next regularly
  scheduled meeting of the shareholders of NetBank, Inc., then this Award and
  any and all rights hereunder in favor of the Grantee shall become null and
  void.

  
	
   

  	
   

  	
   

  
	
  Applicable

  Law

  	
   

  	
  This Agreement will be interpreted and enforced under the
  laws of the state of Georgia.

  
	
   

  	
   

  	
   

  
	
  The
  Plan and

  	
   

  	
   

  
	
  Other
  Agreements

  	
   

  	
  The text of the Plan is incorporated in this Agreement by
  reference. If there is any inconsistency between this Agreement and the Plan,
  the terms of the Plan will govern. This Agreement and the Plan constitute the
  entire understanding between you and NetBank, Inc. regarding this Award, the
  Plan and your participation in the Plan. Any prior agreements, commitments or
  negotiations concerning this Award are superseded. This Agreement may be
  amended only by another written agreement, signed by both parties.

  

 

 

By signing this Agreement, you agree to all
of the terms and conditions of the Agreement and in the Plan.

 

	
  Grantee’s signature:

  	
   

  	
  Date:

  	
   

  	
   

  

 

Signature
of NetBank, Inc. Representative:

 

Title
of NetBank, Inc. Representative:

 

 

BENEFICIARY DESIGNATION FORM

 

I hereby designate the
beneficiary named below to receive all benefits to be paid to me under the
NetBank, Inc. Mid-Term Incentive Plan (the “Plan”) in the event of my death,
reserving the full right to revoke or cancel this designation, or any
modification thereof, at any time by a further written beneficiary designation:

 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name of Individual
  Benficiary

  	
   

  	
  Relationship to Me

  	
   

  	
  Birth Date

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  (if minor)

  	
   

  
	
   

  
	
   

  
	
  Beneficiary address

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  or

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Name of Trust

  	
   

  	
  Date of Trust

  	
   

  
	
   

  	
   

  	
   

  
	
   

  
	
  Trustee and address

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Required Signature

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Grantee/Participant’s
  Printed Name

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Grantee/Participant’s
  Signature

  	
   

  	
   

  	
  Date

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Spouse’s Signature

  	
   

  	
   

  	
  Date

  	
   

  
												

 

NOTE:  This form must be
signed by the spouse of a married Grantee/Participant if the beneficiary
designated is not the spouse.Exhibit 10.2(l)

 

Form of
Mid-term Incentive Plan Award Agreement for employees

other than reporting persons

 

NetBank, Inc.
Mid-Term Incentive Plan Award Agreement

 

NetBank, Inc. grants to the individual named below an Award under
the NetBank, Inc. Mid-Term Incentive Plan.

 

The terms and conditions of the Award are set forth in this Agreement
and the NetBank, Inc. Mid-Term Incentive Plan (the “Plan”).  All of
the provisions of the Plan are incorporated in this Agreement and have the same
effect as if they were set forth in full in this Agreement.  Capitalized
terms used in this Agreement have the same meaning as in the Plan.  In the
event of a discrepancy between this Agreement and the Plan, the terms of the
Plan shall prevail.

 

Name of Grantee:

 

Grantee’s Social Security Number:

 

Performance Period:  Beginning on:             
and ending on:               

 

Target Performance and associated payouts:

 

	
   

  	
   

  	
  Award Payout

  	
   

  	
  Performance Targets

  	
   

  
	
  Performance measure

  	
   

  	
  At threshold performance

  	
   

  	
  At Target Performance

  	
   

  	
  At Maximum Performance

  	
   

  	
  Threshold

  	
   

  	
  Target

  	
   

  	
  Maximum

  	
   

  
	
  NetBank
  EPS

  	
   

  	
  $

  	
        

  	
   

  	
  $

  	
        

  	
   

  	
  $

  	
        

  	
   

  	
  $

  	
        

  	
   

  	
  $

  	
        

  	
   

  	
  $

  	
        

  	
   

  
	
  Financial
  intermediary EPS

  	
   

  	
  $

  	
        

  	
   

  	
  $

  	
        

  	
   

  	
  $

  	
        

  	
   

  	
  $

  	
        

  	
   

  	
  $

  	
        

  	
   

  	
  $

  	
        

  	
   

  
	
  Retail
  banking EPS

  	
   

  	
  $

  	
        

  	
   

  	
  $

  	
        

  	
   

  	
  $

  	
        

  	
   

  	
  $

  	
        

  	
   

  	
  $

  	
        

  	
   

  	
  $

  	
        

  	
   

  
	
  Processing
  EPS

  	
   

  	
  $

  	
        

  	
   

  	
  $

  	
        

  	
   

  	
  $

  	
        

  	
   

  	
  $

  	
        

  	
   

  	
  $

  	
        

  	
   

  	
  $

  	
        

  	
   

  

 

Total Target Incentive awarded: $               

 

 

	
  Vesting

  	
   

  	
   

  
	
   

  	
   

  	
  If you
  experience any one of the events described under the heading “Early
  Settlement Event” below prior to the applicable Service Date, the remaining
  unvested Shares will vest on the date of that event. Otherwise, if you cease
  to be an Employee of NetBank for any other reason after the end of the Performance
  Period but prior to the completion of the applicable Service Date above, any
  remained unvested Shares will be forfeited.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Early
  Settlement Event

  	
   

  	
  Your Award
  will become payable prior to the end of the Performance Period if any one of
  the following events occurs prior to its end:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  •

  	
  Your service
  as an Employee ends because of your death, Total Disability or your
  Retirement;

  
	
   

  	
   

  	
  •

  	
  Your service
  as an Employee is terminated by NetBank without Cause and you agree to
  release any and all employment-related claims.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  In addition,
  your Award will become payable if one of the following occurs during the
  Change in Control Window Period:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  •

  	
  Your service
  as an Employee with NetBank is terminated by NetBank for any reason except
  for Cause; or

  
	
   

  	
   

  	
  •

  	
  You
  terminate your service as an Employee with NetBank within 30 days of a
  Constructive Termination.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Though your
  Award will become payable in the circumstances describe above, the payment
  will be on a pro rata basis and will be made if and only to the extend of
  actual performance to the event date relative to Target Performance in
  accordance with the schedule set forth in the Plan, as supplemented by the
  schedule above. The pro rate payment to be made, if any, will be equal to (1)
  the payment determined by the schedules, multiplied by (2) a fraction, the
  numerator of which is the number of days from the Date of Award to the date
  of the applicable event and the denominator of which is the total numbers of
  days in the Performance Period.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Any and all
  Shares paid because of the early settlement of the Award be fully Vested and
  the Award shall be deemed fully settled as a result of the early settlement
  event.

  

 

	
  Description

  	
   

  	
  You have been awarded a Target Incentive,
  which is divided among several performance objectives, which will be paid to
  you in shares of NetBank common stock to the extent that NetBank’s
  performance, relative to those performance measures, warrants it, according
  to the schedule set forth in the Plan, as supplemented by the schedule above.
  If actual performance is below threshold, you will receive no value from this
  Award attributable to the applicable performance measure(s). Likewise, if
  performance exceeds Target Performance for all performance measures, you may
  receive up to 150% of the Target Incentive, subject to the Vesting
  requirements described below.

  

 

 

	
  Taxes

  	
   

  	
  Unless you make arrangements to pay
  applicable withholding taxes in cash, all payments under the Plan, and Shares
  becoming Vested after payment, will be reduced by any amounts NetBank, Inc.
  determines appropriate for applicable tax withholding.

  
	
  No Transfers

  	
   

  	
  Prior to Vesting, you may not transfer,
  sell or assign your Shares to anyone and, if you attempt to do so, your
  Shares will immediately become invalid. However, you may provide for your
  Shares to be transferred to your beneficiary in the event of your death by
  way of the beneficiary designation form attached to this Agreement.

  
	
  Notices

  	
   

  	
  Any written notices required under the Plan
  or this Agreement shall be directed to the Grantee at his or her address
  indicated by NetBank, Inc. records. Any written notices that you direct
  to NetBank, Inc. should be sent to NetBank, Inc.’s principal
  executive office.

  
	
  Administration

  	
   

  	
  The Compensation Committee of the Board of
  Directors of NetBank, Inc. administers the Plan and has the same powers
  with respect to this Agreement as it has under the Plan.

  
	
  No Employment Rights

  	
   

  	
  Neither your participation in the Plan nor
  anything in this Agreement gives you the right to employment with NetBank, Inc.
  or any subsidiary of NetBank, Inc. in any capacity. NetBank, Inc.
  reserves the right to terminate your service at any time and for any reason
  or for no reason.

  
	
  Applicable Law

  	
   

  	
  This Agreement will be interpreted and
  enforced under the laws of the state of Georgia.

  
	
   

  	
   

  	
   

  
	
  The Plan and Other

  Agreements

  	
   

  	
  The text of the Plan is incorporated in
  this Agreement by reference. If there is any inconsistency between this
  Agreement and the Plan, the terms of the Plan will govern.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  This Agreement and the Plan constitute the
  entire understanding between you and NetBank, Inc. regarding this Award,
  the Plan and your participation in the Plan. Any prior agreements,
  commitments or negotiations concerning this Award are superseded. This
  Agreement may be amended only by another written agreement, signed by both
  parties.

  

 

 

By
signing this Agreement, you agree to all of the terms and conditions of the
Agreement and in the Plan.

 

	
  Grantee’s signature:

  	
  Date:

  	
   

  	
   

  

 

Signature of NetBank, Inc. Representative:

 

Title
of NetBank, Inc. Representative:

 

 

BENEFICIARY DESIGNATION FORM

 

I hereby designate
the beneficiary named below to receive all benefits to be paid to me under the
NetBank, Inc. Mid-Term Incentive Plan (the “Plan”) in the event of my
death, reserving the full right to revoke or cancel this designation, or any
modification thereof, at any time by a further written beneficiary designation:

 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name of Individual Benficiary

  	
   

  	
   

  	
  Relationship to Me

  	
   

  	
  Birth Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  (if minor)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  
	
  Beneficiary address

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  or

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name of Trust

  	
   

  	
   

  	
  Date of Trust

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  
	
  Trustee and address

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Required Signature

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Grantee/Participant’s Printed Name

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Grantee/Participant’s Signature

  	
   

  	
   

  	
  Date

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Spouse’s Signature

  	
   

  	
   

  	
  Date

  	
   

  	
   

  
										

 

NOTE: This form must
be signed by the spouse of a married Grantee/Participant if the beneficiary
designated is not the spouse.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00099-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00099-of-00352.parquet"}]]