COMPENSATION ELECTION. The undersigned Broker/Dealer may elect below the compensation schedule under which commission payments will be based. Broker/Dealer may elect to be paid under Option A and/or Option B. If both Option A and Option B are elected, compensation will be payable under the Option elected by the Subagent/Registered Representative. If the Registered Representative does not elect an Option for compensation under an individual Contract, compensation will be paid under the default Option elected by Broker/Dealer. If no Option is indicated below, this Selling Agreement will be treated as if both Options were elected. If no default Option is elected, Option B will be the default Option.

COMPENSATION ELECTION. With respect each Mortgage Loan that is locked by the Originator during the Selection Period specified in Section 3 below (each, an “Eligible Mortgage Loan”), the Originator elects the option designated below (only elect one option) for purposes of calculating the amount of Lender-Paid Compensation that may be payable by NexBank pursuant to the Agreement, in each case subject to the adjustments, conditions, and limitations set forth in the Agreement notwithstanding any contrary provision in this Addendum: OPTION 1: SAME COMPENSATION FOR ALL STATES. The total amount of Lender- Paid Compensation that may be payable by NexBank with respect to each Eligible Mortgage Loan for which the Originator has earned and become entitled to receive Lender- Paid Compensation pursuant to the Agreement shall be the product of the Principal Balance of such Eligible Mortgage Loan as of the related Origination Date, multiplied by the percentage designated below (select one percentage only): In addition, the Originator requests that its Lender-Paid Compensation also include a fee of $ .00 (or any other amount determined by NexBank in its sole and absolute discretion).

COMPENSATION ELECTION. Loan originator must elect his or her compensation each quarter. The originator may elect a combination of a fixed percentage, fixed dollar addition or deduction, a floor and a ceiling. The elected compensation applies to all transactions originated (date application executed) during the applicable quarter, regardless of when they close. Innovative may impose a default elected compensation in the amount of 1% in the absence of a validly registered compensation election. The originator must collect enough revenue per transaction to equal their elected compensation or forfeit their compensation altogether. Compensation exceptions are permissible where they are a legitimate benefit to the borrower, unrelated to compensation and are approved in writing in advance by Innovative management. Innovative will deduct the applicable transaction fee from the elected compensation applicable to each funded transaction.

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Deferral Election A Participant may elect to defer all or a specified percentage of the Compensation earned in a Plan Year by such Participant for serving as a member of the Board of any Participating Fund or as a member of any committee or subcommittee thereof. Reimbursement of expenses of attending meetings of the Board, committees of the Board or subcommittees of such committees may not be deferred. Such election shall be made by executing before the first day of such Plan Year such election notice as the Administrator may prescribe; provided, however, that upon first becoming eligible to participate in the Plan by reason of appointment to a Board, a Participant may file a Deferral Election not later than 30 days after the effective date of such appointment, which election shall apply to Compensation earned in the portion of the Plan Year commencing the day after such election is filed and ending on the last day of such Plan Year.
Initial Election The Director shall make an initial deferral election under this Agreement by filing with the Company a signed Election Form within 30 days after the Effective Date of this Agreement. The Election Form shall set forth the amount of Fees to be deferred and shall be effective to defer only Fees earned after the date the Election Form is received by the Company.
Bonus Compensation During the term hereof, the Executive shall participate in the Company’s Senior Executive Annual Incentive Plan, as it may be amended from time to time pursuant to the terms thereof (the “Plan,” a current copy of which is attached hereto as Exhibit A) and shall be eligible for a bonus award thereunder (the “Bonus”). For purposes of the Plan, the Executive shall be eligible for a Bonus, and the Executive’s specified percentage (the “Specified Percentage”) for such Bonus shall initially be fifty percent (50%) of Base Salary and shall thereafter be established annually by the Board of Directors (the “Board”) or, if the Board delegates the Specified Percentage determination process to a Committee of the Board, by such Committee. In the event the Board or Committee does not approve the Executive’s Specified Percentage within 90 days of the beginning of a fiscal year, such Specified Percentage shall be the same as the immediately preceding year. Whenever any Bonus payable to the Executive is stated in this Agreement to be prorated for any period of service less than a full year, such Bonus shall be prorated by multiplying (x) the amount of the Bonus otherwise earned and payable for the applicable fiscal year in accordance with this Sub-Section 4.2 by (y) a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the applicable fiscal year for which the Executive was employed by the Company. Executive agrees and understands that any prorated Bonus payments will be made only after determination of the achievement of the applicable Performance Measures (as defined in the Plan) in accordance with the terms of the Plan. Any compensation paid to the Executive as Bonus shall be in addition to the Base Salary.
Director Compensation Petitioner shall not compensate members of the Charter School’s Governing Board in excess of reasonable expenses incurred in connection with actual attendance at board meetings or with performance of duties associated therewith.
Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.
DIRECTORS' FEES Directors’ fees and other similar payments derived by a resident of a Contracting State in his capacity as a member of the board of directors of a company which is a resident of the other Contracting State may be taxed in that other State.
Deferral Notwithstanding the foregoing, if the Company shall furnish to Holders requesting registration pursuant to this Section 2.3, a certificate signed by the President or Chief Executive Officer of the Company stating that in the good faith judgment of the Board, it would be materially detrimental to the Company and its shareholders for such registration statement to be filed at such time, then the Company shall have the right to defer such filing for a period of not more than ninety (90) days after receipt of the request of the Initiating Holders; provided, however, that the Company may not utilize this right more than once in any twelve (12) month period; provided further, that the Company shall not register any other of its shares during such twelve (12) month period. A demand right shall not be deemed to have been exercised until such deferred registration shall have been effected.
Cash Compensation The Company shall pay to the Executive compensation for his services during the Contract Period as follows:
Deferral Account Crediting. The Company shall establish a Deferral Account on its books for the Director, and shall credit to the Deferral Account the following amounts:
83(b) Election You may make and file with the Internal Revenue Service an election under Section 83(b) of the Code with respect to the grant of the Restricted Shares hereunder, electing to include in your gross income as of the Grant Date the Fair Market Value of the Restricted Shares as of the Grant Date. You shall promptly provide a copy of such election to the Company. If you make and file such an election, you shall make such arrangements in accordance with Section 8 as are satisfactory to the Committee to provide for the timely payment of all applicable withholding taxes.

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