Document:

Exhibit 10.5(c)

 

SECOND AMENDMENT TO EMPLOYMENT

AGREEMENT

 

This Second Amendment to Employment Agreement
is dated as of March 14, 2006 by and between NetBank, Inc. (the “Company”) and Steven F. Herbert (the “Executive”).

 

The Employment Agreement between the Company
and the Executive dated as of April 1, 2002, as amended by the First
Amendment to Employment Agreement dated as of March 1, 2004 (collectively,
the “Original Employment Agreement”) is hereby amended as follows:

 

Amendment
to Term.  Section 1.10
of the Original Employment Agreement defining the term “Term” is hereby amended
and restated to read as follows:

 

“1.10                     “Term” means the period
commencing on the date hereof and ending on April 1, 2008.”

 

The amendment set forth above shall be
effective immediately.  All other terms
and provisions of the Original Employment Agreement shall remain unaffected by
this Amendment.

 

IN WITNESS WHEREOF, the undersigned have
hereunto set their hands as of the date first above written.

 

	
  COMPANY:

  	
   

  
	
   

  	
  EXECUTIVE:

  
	
  NETBANK, INC.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Steven F. Herbert

  	
   

  
	
  By:

  	
  /s/ Douglas K. Freeman

  	
   

  	
  Name: Steven F. Herbert

  
	
   

  	
    Douglas K. Freeman

  	
   

  	
   

  
	
   

  	
    Chairman and Chief Executive OfficerExhibit 10.6(c)

 

SECOND AMENDMENT TO EMPLOYMENT

AGREEMENT

 

This Second Amendment to Employment Agreement
is dated as of March 14, 2006 by and between NetBank, Inc. (the “Company”) and Charles E. Mapson (the “Executive”).

 

The Employment Agreement between the Company
and the Executive dated as of April 1, 2002, as amended by the First
Amendment to Employment Agreement dated as of March 1, 2004 (collectively,
the “Original Employment Agreement”) is hereby amended as follows:

 

Amendment
to Term.  Section 1.10
of the Original Employment Agreement defining the term “Term” is hereby amended
and restated to read as follows:

 

“1.10                     “Term” means the period
commencing on the date hereof and ending on April 1, 2008.”

 

The amendment set forth above shall be
effective immediately.  All other terms
and provisions of the Original Employment Agreement shall remain unaffected by
this Amendment.

 

IN WITNESS WHEREOF, the undersigned have
hereunto set their hands as of the date first above written.

 

	
  COMPANY:

  	
  EXECUTIVE:

  
	
   

  	
   

  
	
  NETBANK, INC.

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Charles E. Mapson

  	
   

  
	
  By:

  	
  /s/ Douglas K. Freeman

  	
   

  	
  Name: Charles E. Mapson

  
	
   

  	
    Douglas K. Freeman

  	
   

  
	
   

  	
    Chairman and Chief Executive OfficerExhibit 10.7(c)

 

SECOND AMENDMENT TO EMPLOYMENT

AGREEMENT

 

This Second Amendment to Employment Agreement
is dated as of March 14, 2006 by and between NetBank, Inc. (the “Company”) and Jerald W. McCoy (the “Executive”).

 

The Employment Agreement between the Company
and the Executive dated as of April 1, 2002, as amended by the First
Amendment to Employment Agreement dated as of March 1, 2004 (collectively,
the “Original Employment Agreement”) is hereby amended as follows:

 

Amendment
to Term.  Section 1.10
of the Original Employment Agreement defining the term “Term” is hereby amended
and restated to read as follows:

 

“1.10                     “Term” means the period
commencing on the date hereof and ending on April 1, 2008.”

 

The amendment set forth above shall be
effective immediately.  All other terms
and provisions of the Original Employment Agreement shall remain unaffected by
this Amendment.

 

IN WITNESS WHEREOF, the undersigned have
hereunto set their hands as of the date first above written.

 

	
  COMPANY:

  	
  EXECUTIVE:

  
	
   

  	
   

  
	
  NETBANK, INC.

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Jerald W. McCoy

  	
   

  
	
  By:

  	
  /s/ Douglas K. Freeman

  	
   

  	
  Name: Jerald W. McCoy

  
	
   

  	
    Douglas K. Freeman

  	
   

  
	
   

  	
    Chairman and Chief Executive
  OfficerExhibit 10.8(c)

 

SECOND AMENDMENT TO EMPLOYMENT

AGREEMENT

 

This Second Amendment to Employment Agreement
is dated as of March 14, 2006 by and between NetBank, Inc. (the “Company”) and Raphael T. Brauch (the “Executive”).

 

The Employment Agreement between the Company
and the Executive dated as of April 1, 2002, as amended by the First
Amendment to Employment Agreement dated as of March 1, 2004 (collectively,
the “Original Employment Agreement”) is hereby amended as follows:

 

Amendment to Term.  Section 1.10 of the Original Employment
Agreement defining the term “Term” is hereby amended and restated to read as
follows:

 

“1.10                     “Term” means the period
commencing on the date hereof and ending on April 1, 2008.”

 

The amendment set forth above shall be
effective immediately.  All other terms
and provisions of the Original Employment Agreement shall remain unaffected by
this Amendment.

 

IN WITNESS WHEREOF, the undersigned have
hereunto set their hands as of the date first above written.

 

	
  COMPANY:

  	
  EXECUTIVE:

  
	
   

  	
   

  
	
  NETBANK, INC.

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Raphael T. Brauch

  	
   

  
	
  By:

  	
  /s/ Douglas K. Freeman

  	
   

  	
  Name: Raphael T. Brauch

  
	
   

  	
    Douglas K. Freeman

  	
   

  	
   

  
	
   

  	
    Chairman and Chief Executive
  OfficerExhibit 10.9(c)

 

SECOND AMENDMENT TO EMPLOYMENT

AGREEMENT

 

This Second Amendment to Employment Agreement
is dated as of March 14, 2006 by and between NetBank, Inc. (the “Company”) and William M. Ross (the “Executive”).

 

The Employment Agreement between the Company
and the Executive dated as of April 1, 2002, as amended by the First
Amendment to Employment Agreement dated as of March 1, 2004 (collectively,
the “Original Employment Agreement”) is hereby amended as follows:

 

Amendment to Term.  Section 1.10 of the Original Employment
Agreement defining the term “Term” is hereby amended and restated to read as
follows:

 

“1.10                     “Term” means the period
commencing on the date hereof and ending on April 1, 2008.”

 

The amendment set forth above shall be
effective immediately.  All other terms
and provisions of the Original Employment Agreement shall remain unaffected by
this Amendment.

 

IN WITNESS WHEREOF, the undersigned have
hereunto set their hands as of the date first above written.

 

	
  COMPANY:

  	
  EXECUTIVE:

  
	
   

  	
   

  
	
  NETBANK, INC.

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ William M. Ross

  	
   

  
	
  By:

  	
  /s/ Douglas K. Freeman

  	
   

  	
  Name: William M. Ross

  
	
   

  	
    Douglas K. Freeman

  	
   

  
	
   

  	
    Chairman and Chief Executive
  OfficerEXHIBIT 10.22

 

ZOMAX INCORPORATED

2004 EQUITY INCENTIVE PLAN

AMENDMENT ADOPTED

November 9, 2005

 

Section 10(b) is
amended and restated in its entirety to read as follows:

 

“(b)                           Term
and Exercisability of Nonqualified Stock Option. The term during which any
nonqualified stock option granted under the Plan may be exercised shall be
established in each case by the Administrator. The Option Agreement shall state
when the nonqualified stock option becomes exercisable and shall also state the
maximum term during which the option may be exercised; provided, however,
that no nonqualified stock options shall become exercisable prior to the first
anniversary of the date of the grant. The Administrator may accelerate the
exercise date of any nonqualified stock option granted hereunder; if such
acceleration is pursuant to an event of an acquisition of the Company through
the sale of substantially all of the Company’s assets and the consequent
discontinuance of its business, or through a merger, consolidation, exchange, reorganization,
reclassification, extraordinary dividend, divestiture or liquidation of the
Company (collectively referred to as a “transaction”) as permitted under Section 12
hereof, the nonqualified stock option may become exercisable prior to the
first anniversary of the date of grant.”

 

Section 17(b) is
amended and restated in its entirety to read as follows:

 

“(b)                           Risks
of Forfeiture. The Restricted Stock Agreement shall set forth the risks of
forfeiture which shall apply to the shares of Stock covered by the restricted
stock award, and shall specify the manner in which such risks of forfeiture
shall lapse. The risks of forfeiture for all shares of Stock subject to the
award shall not lapse prior to the third anniversary of the date of the award
unless the award is Performance Based, in which case the risks of forfeiture
shall not lapse prior to the first anniversary of the date of the award. The
Company’s Compensation Committee, provided it is comprised entirely of
independent directors, may grant restricted stock awards, the risk of
forfeiture of which may lapse prior to the third anniversary of the date
of the award; provided, however, that the number of shares of Stock subject to
such awards shall not exceed ten percent (10%) of the total shares of Stock
authorized by the Plan. Taking into account the foregoing restrictions, the
Administrator may, in its sole discretion, modify the manner in which such
risks of forfeiture shall lapse but only with respect to those shares of Stock
which are restricted as of the effective date of the modification; provided,
however, that if such modification is pursuant to an event of an acquisition of
the Company through the sale of substantially all of the Company’s assets and
the consequent discontinuance of its business, or through a merger,
consolidation, exchange, reorganization, reclassification, extraordinary
dividend, divestiture or liquidation of the Company (collectively referred to
as a “transaction”) as permitted under Section 12 hereof, the risks of
forfeiture may lapse prior to the first anniversary of the date of the
award or the third anniversary of the date of the award, as the case may be.”

 

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