Common use of Long Term Annual Incentive Award Clause in Contracts

Long Term Annual Incentive Award. (a) The Long-Term Annual Incentive Award of the Grantee shall be an amount equal to a percentage of the Grantee's Eligible Earnings determined as follows: % of Corporate % of Eligible Performance Goal Earnings ---------------- ------------- 90% or less 0% Over 90% but under 100% 50% 100% 100% 105% 105% Over 105% 4% for every % over 105% performance, not to exceed 125% [POPULAR, INC. LOGO]

Long Term Annual Incentive Award. (a) The Long-Term Annual Incentive Award of the Grantee shall be an amount equal to a percentage of the Grantee's Eligible Earnings determined as follows: % of Corporate % of Eligible Performance Goal Earnings ---------------- ------------- ----------------------- ------------------- 90% or less 0% Over 90% but under 100% 50% 100% 100% 105% 105% Over 105% 4% for every % over 105% performance, not to exceed 125% [POPULAR, INC. LOGO]%

Long Term Annual Incentive Award. (a) The Long-Term Annual Incentive Award of the Grantee shall be an amount equal to a percentage of the Grantee's Eligible Earnings determined as follows: % of Corporate % of Eligible Performance Goal Earnings ---------------- ------------- ------------------------ 90% or less 0% Over 90% but under 100% 50% 100% 100% 105% 105% Over 105% 4% for every % over 105% performance, not to exceed 125% [POPULAR, INC. LOGO]%

Long Term Annual Incentive Award. (a) The Long-Term Annual Incentive Award of the Grantee shall be an amount equal to a percentage of the Grantee's Eligible Earnings determined as follows: POPULAR, INC. LOGO % of Corporate % of Eligible Performance Goal Earnings ---------------- ------------- ------------------------ 90% or less 0% Over 90% but under 100% 50% 100% 100% 105% 105% Over 105% 4% for every % over 105% performance, not to exceed 125% [POPULAR, INC. LOGO]%

Long Term Annual Incentive Award. (a) The Long-Term Annual Incentive Award of the Grantee shall be an amount equal to a percentage of the Grantee's Eligible Earnings determined as follows: % of Corporate % of Eligible Performance Goal Earnings ---------------- ------------- ----------------------- ------------------------------------- 90% or less 0% Over 90% but under 100% 50% 100% 100% 105% 105% Over 105% 4% for every % over 105% performance, not to exceed 125% [POPULAR, INC. LOGO]%

Long Term Annual Incentive Award. (a) The Long-Term Annual Incentive Award of the Grantee shall be an amount equal to a percentage of the Grantee's Eligible Earnings determined as follows: % of Corporate % of Eligible Performance Goal Earnings ---------------- ------------- ----------------------- ------------------- 90% or less 0% Over 90% but under 100% 50% 100% 100% 105% 105% Over 105% 4% for every % over Over 105% 105% performance, not to exceed 125% [POPULAR, INC. LOGO]%

Long Term Annual Incentive Award. (a) The Long-Term Annual Incentive Award of the Grantee shall be an amount equal to a percentage of the Grantee's Eligible Earnings determined as follows: % of Corporate % of Eligible Performance Goal Earnings ---------------- ------------- ---------------------- ------------------- 90% or less 0% Over 90% but under 100% 50% 100% 100% 105% 105% Over 105% 4% for every % over 105% performance, not to exceed 125% [POPULAR, INC. LOGO]%

Long Term Annual Incentive Award. (a) The Long-Term Annual Incentive Award of the Grantee shall be an amount equal to a percentage of the Grantee's Eligible Earnings determined as follows: % of Corporate % of Eligible Performance Goal Earnings ---------------- ------------- ------------------- 90% or less 0% Over 90% but under 100% 50% 100% 100% 105% 105% Over 105% 4% for every % over 105% performance, not to exceed 125% [POPULAR, INC. LOGO]

Long Term Annual Incentive Award. (a) The Long-Term Annual Incentive Award of the Grantee shall be an amount equal to a percentage of the Grantee's Eligible Earnings determined as follows: % of Corporate % of Eligible Performance Goal Earnings ---------------- ------------- -------- 90% or less 0% Over 90% but under 100% 50% 100% 100% 105% 105% Over 105% 4% for every % over 105% performance, not to exceed 125% [POPULAR, INC. LOGO]%

Long Term Annual Incentive Award. (a) The Long-Term Annual Incentive Award of the Grantee shall be an amount equal to a percentage of the Grantee's Eligible Earnings determined as follows: % of Corporate % of Eligible Performance Goal Earnings ---------------- ------------- ----------------------- ------------------------ 90% or less 0% Over 90% but under 100% 50% 100% 100% 105200% 105% Over 105210% 48% for every % over Over 105% 105% performance, not to exceed 125% [POPULAR, INC. LOGO]250%

Long Term Annual Incentive Award. (a) The Long-Term Annual Incentive Award of the Grantee shall be an amount equal to a percentage of the Grantee's Eligible Earnings determined as follows: POPULAR, INC. LOGO % of Corporate % of Eligible Performance Goal Earnings ---------------- ------------- ------------------- 90% or less 0% Over 90% but under 100% 50% 100% 100% 105% 105% Over 105% 4% for every % over 105% performance, not to exceed 125% [POPULAR, INC. LOGO]%

Long Term Annual Incentive Award. (a) The Long-Term Annual Incentive Award of the Grantee shall be an amount equal to a percentage of the Grantee's Eligible Earnings determined as follows: % of Corporate % of Eligible Performance Goal Earnings ---------------- ------------- ------------------------ 90% or less 0% Over 90% but under 100% 50% 100% 100% 200% 105% 105210% Over 105% 48% for every % over 105% performance, not to exceed 125% [POPULAR, INC. LOGO]250%

Long Term Annual Incentive Award. (a) The Long-Term Annual Incentive Award of the Grantee shall be an amount equal to a percentage of the Grantee's Eligible Earnings determined as follows: % of Corporate % of Eligible Performance Goal Earnings ---------------- ------------- ----------------------- --------------------------------------- 90% or less 0% Over 90% but under 100% 50% 100% 100% 105% 105% Over 105% 4% for every % over 105% performance, not to exceed 125% [POPULAR, INC. LOGO]%

Long Term Annual Incentive Award. (a) The Long-Term Annual Incentive Award of the Grantee shall be an amount equal to a percentage of the Grantee's Eligible Earnings determined as follows: % of Corporate % of Eligible Performance Goal Earnings ---------------- ------------- ----------------------- ------------------- 90% or less 0% Over 90% but under 100% 50% 100% 100% 105% 105% Over 105% 4% for every % over Over 105% 105% performance, not to exceed 125% [POPULAR, POPULAR INC. LOGO]

Long Term Annual Incentive Award. (a) The Long-Term Annual Incentive Award of the Grantee shall be an amount equal to a percentage of the Grantee's Eligible Earnings determined as follows: % of Corporate % of Eligible Performance Goal Earnings ---------------- ------------- ----------------------- -------------------- 90% or less 0% Over 90% but under 100% 50% 100% 100% 105% 105% Over 105% 4% for every % over 105% performance, not to exceed 125% [POPULAR, INC. LOGO]%

Long Term Annual Incentive Award. (a) The Long-Term Annual Incentive Award of the Grantee shall be an amount equal to a percentage of the Grantee's Eligible Earnings determined as follows: % of Corporate % of Eligible Performance Goal Earnings ---------------- ------------- ----------------------- -------------------- 90% or less 0% Over 90% but under 100% 50% 100% 100% 105% 105% Over 105% 4% for every % over Over 105% 105% performance, not to exceed 125% [POPULAR, INC. LOGO]%

Long Term Annual Incentive Award. (a) The Long-Term Annual Incentive Award of the Grantee shall be an amount equal to a percentage of the Grantee's Eligible Earnings determined as follows: % of Corporate % of Eligible Performance Goal Earnings ---------------- ------------- ------------------- 90% or less 0% Over 90% but under 100% 50% 100% 100% 105% 105% Over 105% 4% for every % over 105% performance, not to exceed 125% [POPULAR, INC. LOGO]%

Long Term Annual Incentive Award. (a) The Long-Term Annual Incentive Award of the Grantee shall be an amount equal to a percentage of the Grantee's Eligible Earnings determined as follows: % of Corporate % of Eligible Performance Goal Earnings ---------------- ------------- ----------------------- ------------------- 90% or less 0% Over 90% but under 100% 50% 100% 100% 200% 105% 105210% Over 105% 48% for every % over 105% performance, not to exceed 125% [POPULAR, INC. LOGO]250%