Georgetown Bancp Ma – Payout (February 27th, 2014)
All dollar figures are based on estimates of annualized salary. Incentive payments are based on the employees actual base compensation for the fiscal year, which includes straight time pay, vacation, holiday, personal, sick and jury duty pay. Overtime and other payments including previous years bonus payout will be excluded from the calculation.
Georgetown Bancp Ma – 2013 Incentive Compensation Plan Effective January 1, 2013 Personal and Confidential Employee Philip J. Bryan Estimated 2012 Salary 164,500 $ Title SVP/CLO Estimated 2012 Target 11% 18,095 $ Thresholds Maintain CAMELS Rating at One of the Two Highest Ratings Maintain an Asset Quality Rating of "Satisfactory" or Better Maintain Loan Quality Control Rating at "Satisfactory" or Better Goal #1: Achieve ROA Annual Payout Target 40% = 7,238 $ Goals Payout 95% of Budget 2,389 $ at Budget 4,777 $ 106% of Budget 7,238 $ Stretch Goal Every .04% Over 106% of Budget 2,389 $ Goal #2: Increase Net Mortgage (March 1st, 2013)