Bonus Calculation Table definition
Bonus Calculation Table refers to the following table showing the Bonus Percentage (which will be applied as a percentage of Net Income Before Income Taxes earned by Executive) if the Bank attains certain levels of profitability (expressed as a percentage attained by dividing Adjusted Net Income by the Average Asset Balance): If the Bank's Return on Assets Before Taxes (as defined below) is Bonus Percentage at least: but not greater than: ---------- -------- -------------------- 0.05 1.200% 1.399% 0.10 1.400% 1.799% 0.20 1.800% 2.199% 0.30 2.200% No limit