DEFERRED INCENTIVE BONUS PLAN

Exhibit 10.4

W   I   T   N   E   S   S   E   T   H : That;

WHEREAS, the Company maintains the Capitol Federal Financial Deferred Incentive Bonus Plan (the “Plan”) for the purpose of providing specified benefits to Senior Managers of the Company who contribute to the continued growth, development, and future business success of the Company; and

WHEREAS , the Company desires to amend and restate the Plan on the terms and conditions set forth herein; and

WHEREAS, the Committee has reviewed the terms and provisions hereof and approved the Plan, and such action by the Committee has been ratified by the Board.

NOW, THEREFORE, the Company hereby amends and restates the Plan on the terms and conditions set forth herein, which Plan shall be known as the “Capitol Federal Financial Deferred Incentive Bonus Plan.”

Section 1.01.   Purpose. The purpose of this Plan is to provide specified benefits to Senior Managers of Capitol Federal Financial (“CFF”) and Capitol Federal Savings Bank (collectively the “Company”) who contribute to the continued growth, development, and future business success of the Company. This program shall be administered as an unfunded plan of deferred compensation for income tax purposes and shall be applicable solely to those Employees serving in the job classification of Chairman, Chief Executive Officer, President, Executive Vice-Presidents, and Senior Vice Presidents (“Senior Managers”). This Plan is intended to operate in conjunction with that certain Short Term Performance Plan adopted by the Company effective October 1, 2005.

For purposes of this Plan, the following phrases or terms shall have the indicated meanings unless otherwise clearly apparent from the context. Capitalized terms not specifically defined herein shall have the meanings set forth in the Short Term Performance Plan.

Section 2.01.   “Affiliated Company(ies)” means each entity that has a relationship to the Company as described by Section 414(b) or (c) of the Code.

Section 2.02.   “Approved Reason” means a reason for terminating employment with the Company which, in the opinion of the Committee, is in the best interest of the Company.

Section 2.03.   “Award” or “Performance Award” means a lump sum cash payment granted under the Plan to a Participant by the Committee pursuant to such terms, conditions, restrictions and/or limitations, if any, as the Committee may establish.

Section 2.04.   “Beneficiary or Beneficiaries” means the person, persons, entity or entities entitled to receive any benefits under this Plan pursuant to the designation of the Participant (or in default of such designation) as provided in Section 5.03 hereof.

Section 2.05.   “Board of Directors” or “Board” means the Board of Directors of Capitol Federal Financial.

Section 2.06.   “Cause ” means:

Section 2.07.   “Change In Control” means the occurrence of any of the following three events: (i) any third person, other than Capitol Federal Savings Bank MHC, including a “group” as defined in Section 13(d)(3) of the Exchange Act, shall become the beneficial owner of shares of CFF with respect to which 25% or more of the total number of votes for the election of the Board may be cast, (ii) as a result of, or in connection with, any cash tender offer, merger or other business combination, sale of assets or contested election, or combination of the foregoing, the persons who were Directors of CFF shall cease to constitute a majority of the Board, or (iii) the stockholders of CFF shall approve an agreement providing either for a transaction in which CFF will cease to be an independent publicly-owned corporation (whether in stand alone or mutual holding company form) or for a sale or other disposition of all or substantially all of the assets of CFF.

Section 2.08.   “Code” means the Internal Revenue Code of 1986, as amended.

Section 2.09.   “Committee”  means the Compensation Committee of the Board, or such other Board committee as may be designated by the Board to administer the Plan; provided , however , that the Committee shall consist of an odd number of three or more Directors, each of whom is a “Non-Employee Director” within the meaning of Rule 16b-3 under the Exchange Act, or any successor definition adopted.

Section 2.10.   “Company” means Capitol Federal Financial and its wholly owned subsidiary, Capitol Federal Savings Bank.

Section 2.11.   “Deferred Amount” means that portion of a Participant’s Performance Award, between $2,000 and 50% of such Award up to but not exceeding $100,000, which the Participant elects to defer under the terms of this Plan.

Section 2.12.   “Deferred Account” or “Account” means the ledger entry established in accordance with ARTICLE III, which entry shall represent the Company’s unsecured and unfunded promise to pay the amount of benefits set forth by such entry.

Section 2.13.   “Disability” means a disability under the terms of any long-term disability plan maintained by the Company.

Section 2.14.   “Distribution Date” means the January 25th next following the last day of each Mandatory Deferral Period.

Section 2.15.   “Employee” means a common law Employee of the Company paid from the Company payroll account.

Section 2.16.   “Mandatory Deferral Period” means the consecutive thirty-six month period beginning on the applicable Award Payment Date and ending at midnight on the applicable December 31st.

Section 2.17.   “Officer” means only those certain salaried Employees of the Company who are administrative executives in continuous service with the Company employed by the Company in one of the following job classifications: Chairman, Chief Executive Officer, President, Executive Vice-President, Senior Vice-President, First Vice-President, Vice-President, Assistant Vice-President, and Assistant Cashier.

Section 2.18.   “Participant” means a common law Employee paid from the Company payroll account who is an Officer classified as Chairman, Chief Executive Officer, President, Executive Vice-President, or Senior Vice-President and who has been designated by the Committee as eligible to participate in this Plan and who has satisfied all of the threshold eligibility criteria applicable to this Plan.

Section 2.19.   “Plan” means the Capitol Federal Financial Deferred Incentive Bonus Plan.

Section 2.20.   “Plan Year” means the Company fiscal year ending each September 30th.

Section 2.21.   “Retirement” means, for all Plan purposes other than the Plan’s change of control provision, a termination of employment from the Company on or after attainment of age 65.

Section 2.22.   “Section 409A” means Section 409A of the Code and the regulations and guidance of general applicability issued thereunder.

Section 2.23.   “Senior Manager” means a Company Officer classified as Chairman, Chief Executive Officer, President, Executive Vice-President, or Senior Vice-President.

Section 2.24.   “Separation from Service” means the termination of employment with the Company and all Affiliated Companies. The term includes, but is not limited to, termination of employment due to a Participant’s death, Disability, Retirement, discharge (with or without cause), or voluntary termination. The term shall not include any temporary absences due to vacation, sickness, or other leaves of absence granted to Participant by the Company. A Separation from Service shall not be deemed to occur, however, upon a transfer involving any combination of the Company and any Affiliated Company. No termination of employment shall constitute a “Separation from Service” unless the termination event also constitutes a “separation from service” within the meaning of Section 409A.

Section 2.25.   “Short Term Performance Plan” or “STPP” means the

incentive bonus arrangement sponsored and maintained by the Company for the benefit of eligible Officers. The Short Term Performance Plan is incorporated herein by reference.

Section 2.26.   “Sole Discretion”  means the right and power to decide a matter, which may be exercised arbitrarily at any time and from time to time.

Section 2.27.   “Subsidiary” means a corporation or other business entity in which CFF directly or indirectly has an ownership interest of 80 percent or more.

Section 2.28.   “Taxable Year” means the 12-month period beginning January 1.

Section 3.01.   Eligibility . In order to become a Participant in this Plan and defer Performance Awards granted under the STPP under this Plan, a Senior Manager must satisfy each of the following conditions:

A.   Participation In The STPP . In order to be eligible for participation in this Plan, a Senior Manager must be eligible for, and an Active Participant in, the STPP.

Section 3.02.   Incentive Bonus Deferral Agreements. For each Taxable Year (or portion of the Taxable Year after entry into the Plan), each Participant may elect to execute a deferral election agreement with respect to an Award at such time and in such form and manner as the Committee may from time to time prescribe for such purpose; provided , however , that in the case of a Senior Manager newly eligible to participate in the Plan, the Committee shall not prescribe a time later than 30 days after the date the Senior Manager is first eligible to participate in this Plan for such Senior Manager to make a deferral election for that taxable year. Any such election by a Participant to reduce the Participant’s compensation shall only apply to compensation attributable to services to be performed by the Participant after the date of such election; provided , however , that in the case of an election to defer any performance-based compensation payable with respect to services performed over a period of at least 12 months, such election must be made no later than 6 months before the end of such period. All calculations of the dollar amount of an Award shall be determined under the terms of the STPP.

The terms of any such deferral election agreement shall provide that the Participant agrees to accept a reduction in compensation from the Company with respect to an Award. The agreement shall be irrevocable by the Participant during the Taxable Year and each subsequent Taxable Year, unless the Participant enters into a new agreement prior to the beginning of the Taxable Year for which the change is to be effective. All elections, including modifications and revocation, shall be made upon such terms and conditions and at such time and in such manner as the Committee may from

time to time determine in its Sole Discretion. The agreement shall automatically terminate upon the termination of this Plan, upon a Participant’s Separation from Service.

Section 3.03.   Limitations on Deferrals. Participants may elect to defer amounts of not less than two thousand dollars ($2,000.00), up to an amount equal to fifty percent (50%) of the Participant’s anticipated Performance Award for the upcoming performance year; provided , however , that the amount of a single deferral may not exceed one hundred thousand dollars ($100,000.00). No deferred amount may be distributed or withdrawn except as provided in Article V, and no deferral under the Plan shall continue past the applicable Distribution Date.

Section 4.01.   Deferred Account. The Deferred Amount described in Section 3.03 above shall be credited to the Participant’s Deferred Account.

Section 4.02.   Vesting. Each Participant shall be fully vested in the Participant’s Deferred Amount. However, Participants shall only become vested in the Company matching amount (credited to the Deferred Amount at the commencement of the Mandatory Deferral Period) if the Participant remains continuously employed with the Company during the Mandatory Deferral Period and is so employed on the applicable Distribution Date.

Section 4.03.   Increases to the Account. The Participant’s Deferred Account shall be increased by an earnings factor. The earnings factor shall equal the amount that the Participant’s Deferred Account would have increased if, immediately following addition to the Account of the deemed Company match, the Account had been invested in the common stock of Capitol Federal Financial (“CFFN”) and that position had been held through the last December 31st of the Mandatory Deferral Period.

Section 4.04.   Statement of Account. The Committee shall submit to each Participant, within 90 days after the close of each Plan Year, a statement setting forth the balance to the credit of each Participant of his or her Deferred Account.

Section 5.01.   General. With respect to each Deferred Amount contributed to a Participant’s Deferred Account hereunder, if the Participant remains continuously employed by the Company during the applicable Mandatory Deferral Period and is so employed on the applicable Distribution Date, the portion of the Participant’s Deferred Account attributable to such Deferred Amount that the Participant is entitled to receive as of such Distribution Date (including any earnings and/or Company match credited to the Participant’s Deferred Account with respect to such Deferred Amount in accordance with Article IV hereof) will be paid to the Participant in a single lump sum payment on the applicable Distribution Date.

Section 5.02.   Separation from Service. With respect to each Deferred Amount contributed to a Participant’s Deferred Account hereunder, if the Participant in