Common use of Award Determination Clause in Contracts

Award Determination. An award is calculated and paid in whole or part at the end of the 2015 plan term (during the first quarter of 2018). Awards earned are based on the level at which the 3-year performance goals have been achieved. Final awards may be prorated for participants promoted or hired into an eligible position during the performance period, and for participants who take a leave of absence during the performance period. Note that the percentages of award opportunity provided below are not the award percentages of base salary. See below for award opportunities and ranges. Adjusted Return on Capital Spread Goal (3-Year Average) 1 Risk Management Goal (3-Year Average) 2 30% goal weight % of Award Opportunity 70% goal weight % of Award Opportunity Threshold (75%) 2.59% 22.5% Threshold (75%) Average of 3- Year Achievement 52.5% Meets (100%) 2.84% 30.0% Meets (100%) 70.0% Exceeds (125%) 3.09% 37.5% Exceeds (125%) 87.5% Far Exceeds (150%) 3.34% 45.0% Far Exceeds (150%) 105.0% 1 Meets excludes OTTI impact, while measured performance includes OTTI impact. 2 Measured by 3-year achievement levels of Risk Management goal under the respective STIPs. Performance below the Threshold achievement level for either measure normally will not result in an incentive award. The Board of Directors has full discretion to modify any and all goals, achievement levels, and incentive payments to account for matters not specifically addressed in the plan, subject to review by the Federal Housing Finance Agency, as required. Incentive compensation reductions may be made, but are not limited to the following circumstances: (i) if errors or omissions result in material revisions to the Bank’s financial results, information submitted to a regulatory or a reporting agency, or information used to determine incentive compensation payouts; (ii) if information submitted to a regulatory or a reporting agency is untimely; or, (iii) if the Bank does not make appropriate progress in the timely remediation of examination, monitoring, or other supervisory findings and matters requiring attention.

Award Determination. An award is calculated and paid in whole or part at the end of the 2015 2014 plan term (during the first quarter of 20182017). Awards earned are based on the level at which the 3-year performance goals have been achieved. Final awards may be prorated for participants promoted or hired into an eligible position during the performance period, and for participants who take a leave of absence during the performance period. Note that the percentages of award opportunity provided below are not the award percentages of base salary. See below for award opportunities and ranges. Adjusted Return on Capital Spread Goal (3Goal(3-Year Average) 1 Average)1 Risk Management Goal (3Goal(3-Year Average) 2 Average)2 30% goal weight % of Award Opportunity AwardOpportunity 70% goal weight % of Award Opportunity Threshold (75%) 2.593.02% 22.5% Threshold (75%) Average of 3- Year Achievement 3-YearAchievement 52.5% Meets (100%) 2.843.27% 30.0% Meets (100%) 70.0% Exceeds (125%) 3.093.52% 37.5% Exceeds (125%) 87.5% Far Exceeds (150%) 3.343.77% 45.0% Far Exceeds (150%) 105.0105% 1 Meets excludes OTTI impact, while measured performance includes OTTI impact. 2 Measured by 3-year achievement levels of Risk Management goal under the respective STIPs. Performance below the Threshold achievement level for either measure normally will not result in an incentive award. The Board of Directors has full discretion to modify any and all goals, achievement levels, and incentive payments to account for matters not specifically addressed in the plan, subject to review by the Federal Housing Finance Agency, as required. Incentive compensation reductions may be made, but are not limited to the following circumstances: (i) if errors or omissions result in material revisions to the Bank’s financial results, information submitted to a regulatory or a reporting agency, or information used to determine incentive compensation payouts; (ii) if information submitted to a regulatory or a reporting agency is untimely; or, (iii) if the Bank does not make appropriate progress in the timely remediation of examination, monitoring, or other supervisory findings and matters requiring attention.

Award Determination. An award is calculated and paid in whole or part at the end of the 2015 2016 plan term (during the first quarter of 20182019). Awards earned are based on the level at which the 3-year performance goals have been achieved. Final awards may be prorated for participants promoted or hired into an eligible position during the performance period, and for participants who take a leave of absence during the performance period. Note that the percentages of award opportunity provided below are not the award percentages of base salary. See below for award opportunities and ranges. Adjusted Return on Capital Spread Goal (3-Year Average) 1 Risk Management Goal (3-Year Average) 2 30% goal weight % of Award Opportunity 70% goal weight % of Award Opportunity Threshold (75%) 2.592.44% 22.5% Threshold (75%) Average of 3- Year Achievement 52.5% Meets (100%) 2.842.69% 30.0% Meets (100%) 70.0% Exceeds (125%) 3.092.94% 37.5% Exceeds (125%) 87.5% Far Exceeds (150%) 3.343.19% 45.0% Far Exceeds (150%) 105.0% 1 Meets excludes OTTI impact, while measured performance includes OTTI impact. 2 Measured by 3-year achievement levels of Risk Management goal under the respective STIPs. Performance below the Threshold achievement level for either measure normally will not result in an incentive award. The Board of Directors has full discretion to modify any and all goals, achievement levels, and incentive payments to account for matters not specifically addressed in the plan, subject to review by the Federal Housing Finance Agency, as required. Incentive compensation reductions may be made, but are not limited to the following circumstances: (i) if errors or omissions result in material revisions to the Bank’s financial results, information submitted to a regulatory or a reporting agency, or information used to determine incentive compensation payouts; (ii) if information submitted to a regulatory or a reporting agency is untimely; or, (iii) if the Bank does not make appropriate progress in the timely remediation of examination, monitoring, or other supervisory findings and matters requiring attention.