Relative ROCE definition
Relative ROCE means the Company’s return on average common equity (“ROACE”) as compared to the ROACE for each member of the KBW Bank Index as reported by S&P Global Market Intelligence for each year of the Performance Period. The average ROACE performance for each entity will be calculated by summing the annual ROACE performance for each year and dividing by three. This will be done for the Company and each company whose ticker symbol remains in the KBW Bank Index for the entire Performance Period. The Company’s percentile rank for ROACE versus the KBW Bank Index will be calculated inclusive of the Company for the Performance Period.