Common use of Earning an Award Clause in Contracts

Earning an Award. At the end of the Performance Period, the Participant shall be eligible to receive a payment equal to between 0% and 250% of the Target Award based on the achievement of the Performance Objectives set forth below during the Performance Period. Performance between two stated levels will be interpolated when determining the percentage of the Target Award earned. Performance with respect to each Performance Objective is calculated separately. (a) 30% of the Target Award can be earned based on the Company’s Total Shareholder Return during the Performance Period compared to the Total Shareholder Return of the Peer Group during the Performance Period (“Relative TSR”) that corresponds to the percentage below: Equal to or less than Peer Group 25th percentile 0% Equal to Peer Group 50th percentile 50% Equal to Peer Group 59th percentile 100% Equal to or higher than Peer Group 85th percentile 250% (b) 70% of the Target Award can be earned based on the Company’s the sum of the Company’s return on equity for each fiscal year during the Performance Period divided by three (“Average R▇▇”) compared to the Average R▇▇ of the Peer Group during the Performance Period that corresponds to the percentage below: Equal to or less than Peer Group 25th percentile 0% Equal to Peer Group 50th percentile 50% Equal to Peer Group 59th percentile 100% Equal to or higher than Peer Group 85th percentile 250% For this purpose: (i) Relative TSR and Average R▇▇ shall be determined by the Committee in its sole discretion; and (ii) the Committee shall select the institutions constituting, and make such periodic adjustments as it determines appropriate to, the “Peer Group” in its sole discretion.

Earning an Award. At the end of the Performance Period, the Participant shall be eligible to receive a payment equal to between 0% and 250200% of the Target Award based on the achievement of the Performance Objectives set forth below during the Performance Period. Performance between two stated levels will be interpolated when determining the percentage of the Target Award earned. Performance with respect to each Performance Objective is calculated separately. (a) 30% of the Target Award can be earned based on the Company’s Total Shareholder Return during the Performance Period compared to the Total Shareholder Return of the Peer Group during the Performance Period (“Relative TSR”) that corresponds to the percentage below: Equal to or less than Peer Group 25th 25% percentile 00 % Equal to Peer Group 50th percentile 50% Equal to percentile, but less than Peer Group 59th 75% percentile 100100 % Equal to or higher than Peer Group 85th 75% percentile 250200 % (b) 70% of the Target Award can be earned based on the Company’s the sum of the Company’s return on equity for each fiscal year during the Performance Period divided by three (“Average R▇▇▇”) compared to the Average R▇▇▇ of the Peer Group during the Performance Period that corresponds to the percentage below: Equal to or less than Peer Group 25th 25% percentile 00 % Equal to Peer Group 50th percentile 50% Equal to percentile, but less than Peer Group 59th 75% percentile 100100 % Equal to or higher than Peer Group 85th 75% percentile 250200 % For this purpose: (i) Relative TSR and Average R▇▇▇ shall be determined by the Committee in its sole discretion; and (ii) the Committee shall select the institutions constituting, and make such periodic adjustments as it determines appropriate to, the “Peer Group” in its sole discretion.