Common use of Growth Clause in Contracts

Growth. The Participant can earn up to $20,000, based on the sum of the highest average of 3 consecutive months in 2008 of the sum of Total Assets and Total Deposits, prorated between the base number of $460,000,000 as 0% and $683,000,000 as 100%. Performance above $683,000,000 will be prorated above 100%.

Appears in 1 contract

Sources: Long Term Incentive Plan (Wolverine Bancorp, Inc.)

Growth. The Participant can earn up to $20,00080,000, based on the sum of the highest average of 3 consecutive months in 2008 of the sum of Total Assets and Total Deposits, prorated between the base number of $460,000,000 as 0% and $683,000,000 as 100%. Performance above $683,000,000 will be prorated above 100%.

Appears in 1 contract

Sources: Long Term Incentive Plan (Wolverine Bancorp, Inc.)