Common use of Performance Measure Factor Grid Clause in Contracts

Performance Measure Factor Grid. ROTCE Payout Before Credit Modifier Payout With Credit Modifier <=[l]bps to >=[l] bps +0% to -15% Min [l]% 50.0% 50.0% - 50.0% [l]% 58.0% 58.0% - 50.0% [l]% 66.0% 66.0% - 51.0% [l]% 74.0% 74.0% - 59.0% [l]% 82.0% 82.0% - 67.0% [l]% 90.0% 90.0% - 75.0% [l]% 95.0% 95.0% - 80.0% [l]% 105.0% 105.0% - 90.0% [l]% 110.0% 110.0% - 95.0% [l]% 118.0% 118.0% - 103.0% [l]% 126.0% 126.0% - 111.0% [l]% 134.0% 134.0% - 119.0% [l]% 142.0% 142.0% - 127.0% (1) If the levels of Performance Measures attained falls between the amounts shown above, the applicable Payout Percentage will be determined by interpolation between the respective amounts shown above. (2) The “Target Level” for ROTCE is [l]%, the “Target Level” for the Credit Provision Modifier is [l]bps, and the “Minimum Level” for ROTCE is [l]%. (3) If the Minimum Level for ROTCE is not met, the PSUs eligible to vest will be forfeited. Notwithstanding the foregoing, the Committee may determine that a portion of the PSUs eligible to vest, not to exceed 50% of such PSUs, will vest after taking into account such factors as (i) the magnitude of the ROTCE below the Minimum Level (including positive or negative variance from plan), (ii) the Participant’s degree of involvement (including the degree to which the Participant was involved in decisions that are determined to have contributed to ROTCE below the Minimum Level, (iii) the Participant’s performance, and (iv) such other factors as deemed appropriate. Any such determination will be in the sole discretion of the Committee and will be final and binding.