GENTEX CORP

The Compensation Committee has reviewed our compensation policies and practices and determined that there are no risks arising from our compensation policies and practices for our employees that are reasonably likely to have a material adverse effect on the Company. To avoid excessive risk-taking behaviors, we have put in place several mechanisms, including, but not limited to:

•Stock Ownership Guidelines;

•Caps on annual incentive payouts;

•Financial performance-based annual incentive program;

•Long-term incentive awards (which are delivered in the form of equity) based on remaining with the Company and/or financial performance objectives;

•Mix of types of awards;

•Use of multiple performance objectives to determine annual and long-term incentive payouts;

•Incentive-Based Compensation Recoupment Policy and Anti-Hedging and Anti-Pledging Policy; and

•Policy on Insider Trading.