Netbank (WKN 907126)
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Eröffnet am: | 21.05.07 19:03 | von: Top1 | Anzahl Beiträge: | 457 |
Neuester Beitrag: | 30.09.08 14:58 | von: CosmicTrade | Leser gesamt: | 57.207 |
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Change in Directors or Principal Officers, Financial Statements and Exhibits
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) On May 29, 2007, the Board of Directors of NetBank, Inc. (the "Company) approved an amendment to the Change of Control Agreement (the "Agreement") dated April 1, 2003, as amended, by and between the Company and James P. Gross, the Company's Chief Financial Officer, to extend the expiration date of the Agreement to July 1, 2007. A Fourth Amendment to Change of Control Agreement, dated as of April 1, 2007, extending the expiration date of the Agreement is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. All other terms and conditions of the Agreement remain unchanged and a brief description of the terms and conditions of the Agreement appears below. Such description is subject to the full terms and conditions of the Agreement, a copy of which is filed as Exhibit 10.2 to the Company's Current Report of Form 8-K filed with the Securities and Exchange Commission on October 5, 2006 and is incorporated herein by reference.
Under the Agreement, if, during the one-year period after a change of control (as defined in the Agreement), the Company terminates Mr. Gross' employment without cause (as defined), he terminates his employment for good reason (as defined) or his employment terminates due to his death or disability, the Company shall pay him a lump sum amount equal to the sum of his annual base salary in effect immediately prior to termination plus the highest annual incentive bonus paid or payable to him for any of the two fiscal years prior to the fiscal year of termination. In addition, for a period of twelve months following termination of his employment, the Company shall continue to provide to Mr. Gross, or pay him an amount equal to the cost of providing, the employee benefits he otherwise would have been entitled to receive from the Company if he was not terminated. If, during the one-year period after a change of control, the Company terminates Mr. Gross' employment for cause (as defined) or he terminates his employment without good reason, the Company must pay him an amount equal to the sum of his annual base salary through the date of termination plus any compensation he previously deferred.
17:05:51 Q 0.308 +0.008 100
16:09:02 Q 0.2884 -0.0116 19,900
16:01:04 Q 0.2998 -0.0002 100
16:00:01 Q 0.285 -0.015 381
15:59:59 Q 0.28 -0.02 1,962
15:59:43 Q 0.2873 -0.0127 1,838
15:59:43 Q 0.29 -0.01 100
15:59:43 Q 0.285 -0.015 200
15:59:36 Q 0.285 -0.015 1,000
15:59:35 Q 0.28 -0.02 200
Wer noch einsteigen will, muss diese spätestens morgen noch tun, sonnst ist der Zug weg!
Last Trade: 0.29
Trade Time: Jun 6
Change: 0.00 (0.00%)
Prev Close: 0.29
Open: N/A
Bid: 0.28 x 1300
Ask: 0.30 x 2000
1y Target Est: 0.40