Common use of Performance Award Clause in Contracts

Performance Award. Subject to the terms of this Agreement and the Plan, the Company hereby grants the Participant a long-term incentive compensation opportunity (the “Award”) in accordance with the following provisions: (a) The Award shall equal the annualized rate of salary of the Participant in effect on the Grant Date, multiplied by the percentage (the “Award Percentage”) determined in accordance with the following table based upon the rate of growth (the “TBV+D Growth Rate”) in Tangible Book Value per share of the Company (“TBV”) plus cumulative dividends per share paid during the Performance Period: Threshold Level: [ ]% [ ]% Target Level: [ ]% [ ]% Stretch Level: [ ]% [ ]% (b) For this purpose, the TBV+D Growth Rate for the Performance Period shall be determined by the Committee in accordance with the following formula: (c) The TBV at the beginning and ending of the Performance Period shall be determined by reference to the audited financial statements of the Company. If the TBV+D Growth Rate does not at least equal the Threshold Level, no Award will be earned by the Participant for the Performance Period. If the TBV+D Growth Rate exceeds the Threshold Level but not the Target Level, or exceeds the Target Level but not the Stretch Level, then the Award Percentage earned will be interpolated by the Committee from the table above. A TBV+D Growth Rate in excess of the Stretch Level will not result in an increase in the Award Percentage.

Performance Award. Subject to the terms of this Agreement and the Plan, the Company hereby grants the Participant a long-term incentive compensation opportunity (the “Award”) in accordance with the following provisions, it being understood that all or a portion of the Award, is predicated on the closing of the pending merger transaction with CIT Group Inc.: (a) The Award shall equal the annualized rate of salary of the Participant in effect on the Grant Date, multiplied by the percentage (the “Award Percentage”) determined in accordance with the following table based upon the rate of growth (the “TBV+D Growth Rate”) in Tangible Book Value per share of the Company (“TBV”) plus cumulative dividends per share paid during the Performance Period: Threshold Level: [ ]% [ ]% Target Level: [ ]% [ ]% Stretch Level: [ ]% [ ]% (b) For this purpose, the TBV+D Growth Rate for the Performance Period shall be determined by the Committee in accordance with the following formula: (c) The TBV at the beginning and ending of the Performance Period shall be determined by reference to the audited financial statements of the Company. If the TBV+D Growth Rate does not at least equal the Threshold Level, no Award will be earned by the Participant for the Performance Period. If the TBV+D Growth Rate exceeds the Threshold Level but not the Target Level, or exceeds the Target Level but not the Stretch Level, then the Award Percentage earned will be interpolated by the Committee from the table above. A TBV+D Growth Rate in excess of the Stretch Level will not result in an increase in the Award Percentage.

Performance Award. Subject to the terms of this Agreement and the Plan, the Company hereby grants the Participant a long-term incentive compensation opportunity (the “Award”) in accordance with the following provisions: (a) The Award shall equal the annualized rate of salary of the Participant in effect on the Grant Date_________, 2023, multiplied by the percentage (the “Award Percentage”) determined in accordance with the following table based upon the rate of growth (the “TBV+D Growth Rate”) in Tangible Book Value per share of the Company (“TBV”) plus cumulative dividends per share paid during the Performance Period: Period (the “TBV+D Growth Rate”): Threshold Level: [ ]12% [ ]___% Target Level: [ ]30% [ ]___% Stretch Level: [ ]48% [ ]___% (b) For this purpose, the TBV+D Growth Rate for the Performance Period shall be determined by the Committee in accordance with the following formula: (c) The TBV at the beginning and ending of the Performance Period shall be determined by reference to the audited financial statements of the Company. If the TBV+D Growth Rate does not at least equal the Threshold Level, no Award will be earned by the Participant for the Performance Period. If the TBV+D Growth Rate exceeds the Threshold Level but not the Target Level, Level or exceeds the Target Level but not the Stretch Level, then the Award Percentage earned will be interpolated by the Committee from the table above. A TBV+D Growth Rate in excess of the Stretch Level will not result in an increase in the Award Percentage.

Performance Award. Subject to the terms of this Agreement and the Plan, the Company hereby grants the Participant a long-term incentive compensation opportunity (the “Award”) in accordance with the following provisions: (a) The Award shall equal the annualized rate of salary of the Participant in effect on the Grant Date_________, multiplied by the percentage (the “Award Percentage”) determined in accordance with the following table based upon the rate of growth (the “TBV+D Growth Rate”) in Tangible Book Value per share of the Company (“TBV”) plus cumulative the dividends per share paid on the Company’s common stock during the Performance Period: Period (the “TBV+D Growth Rate”): Threshold Level: [ ]12% [ ]___% Target Level: [ ]30% [ ]___% Stretch Level: [ ]48% [ ]___% (b) For this purpose, the TBV+D Growth Rate for the Performance Period shall be determined by the Committee in accordance with the following formula: (c) The TBV at the beginning and ending of the Performance Period shall be determined by reference to the audited financial statements of the Company. If the TBV+D Growth Rate does not at least equal the Threshold Level, no Award will be earned by the Participant for the Performance Period. If the TBV+D Growth Rate exceeds the Threshold Level but not the Target Level, Level or exceeds the Target Level but not the Stretch Level, then the Award Percentage earned will be interpolated by the Committee from the table above. A TBV+D Growth Rate in excess of the Stretch Level will not result in an increase in the Award Percentage. (d) Notwithstanding the foregoing, computations of the Award and the components used to determine the Award shall be subject to equitable adjustments by the Committee so as not to be distorted or unduly affected by extraordinary events, such as, but not limited to, acquisitions, mergers, sales, recapitalizations, stock redemptions, all as determined in the sole discretion of the Committee.

Performance Award. Subject to the terms of this Agreement and the Plan, the Company hereby grants the Participant a long-term incentive compensation opportunity (the “Award”) in accordance with the following provisions: (a) The Award shall equal the annualized rate of salary of the Participant in effect on the Grant Date_________, multiplied by the percentage (the “Award Percentage”) determined in accordance with the following table based upon the rate of growth (the “TBV+D Growth Rate”) in Tangible Book Value per share of the Company (“TBV”) plus cumulative the aggregate dividends per share paid declared on the Company’s common stock during the Performance Period: Period (the “TBV+D Growth Rate”): Threshold Level: [ ]12% [ ]___% Target Level: [ ]30% [ ]___% Stretch Level: [ ]48% [ ]___% (b) For this purpose, the TBV+D Growth Rate for the Performance Period shall be determined by the Committee in accordance with the following formula: (c) The TBV at the beginning and ending of the Performance Period shall be determined by reference to the audited financial statements of the Company. If the TBV+D Growth Rate does not at least equal the Threshold Level, no Award will be earned by the Participant for the Performance Period. If the TBV+D Growth Rate exceeds the Threshold Level but not the Target Level, Level or exceeds the Target Level but not the Stretch Level, then the Award Percentage earned will be interpolated by the Committee from the table above. A TBV+D Growth Rate in excess of the Stretch Level will not result in an increase in the Award Percentage. (d) Notwithstanding the foregoing, computations of the Award and the components used to determine the Award shall be subject to equitable adjustments by the Committee so as not to be distorted or unduly affected by extraordinary events, such as, but not limited to, acquisitions, mergers, sales, recapitalizations, stock redemptions, all as determined in the sole discretion of the Committee.