Annual Contribution Amounts Clause Samples

Annual Contribution Amounts. Provided that the Bank meets the minimum annual goals as defined in the annual Bank Performance Plan as approved by the HR/Compensation Committee of the Board of Directors, the Bank will make an annual contribution to the ALB for services provided throughout a given Service Period (as defined in Paragraph 1.19). The forgoing shall be referred to as the “Annual Contribution Amount” and shall be calculated as a percent of the Executive’s Annual Base Salary. The Annual Contribution Amount ranges between zero percent (0%) and twenty-seven point two seven percent (27.27%) of Annual Base Salary as shown in the table below. No Annual Contribution Amount will be made if the Bank does not achieve a minimum of seventy-five percent (75%) of goals as defined in the BPP, and there will be no incremental or pro rata increase in Annual Contribution Amounts for achievement of over one hundred and twenty-five percent (125%) of the goals defined in the BPP. Other than as provided in the forgoing sentence, it is intended that the below chart provides benchmark contribution amounts based on the percentage of BPP goals achieved, and that any increase in percentage of BPP achieved will correlate to a pro rata increase in Annual Contribution Amounts to the ALB. % of BPP Achieved in a Given Service Period Contribution to ALB (by Service Period & Expressed as a % of Annual Base Salary) All Annual Contribution Amounts shall cease upon Separation from Service or the triggering of any payment event under Paragraphs 4, 5 or 6.

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Annual Contribution Amounts. Provided that the Bank meets the minimum annual goals as defined in the annual Bank Performance Plan as approved by the HR/Compensation Committee of the Board of Directors, the Bank will make an annual contribution to the ALB for services provided throughout a given Service Period (as defined in Paragraph 1.19). The forgoing shall be referred to as the “Annual Contribution Amount” and shall be calculated as a percent of the Executive’s Annual Base Salary. The Annual Contribution Amount ranges between zero percent (0%) and twenty-seven point two seven percent (27.27%) of Annual Base Salary as shown in the table below. No Annual Contribution Amount will be made if the Bank does not achieve a minimum of seventy-five percent (75%) of goals as defined in the BPP, and there will be no incremental or pro rata increase in Annual Contribution Amounts for achievement of over one hundred and twenty-five percent (125%) of the goals defined in the BPP. Other than as provided in the forgoing sentence, it is intended that the below chart provides benchmark contribution amounts based on the percentage of BPP goals achieved, and that any increase in percentage of BPP achieved will correlate to a pro rata increase in Annual Contribution Amounts to the ALB. % of BPP Achieved in a Given Service Period Contribution to ALB (by Service Period & Expressed as a % of Annual Base Salary) 0 0 75% 2.75% 80% 5.56% 85% 9.19% 90% 13.66% 95% 16.73% 100% 20.00% 105% 21.45% 110% 22.91% 115% 24.36% 120% 25.82% 125% 27.27% All Annual Contribution Amounts shall cease upon Separation from Service or the triggering of any payment event under Paragraphs 4, 5 or 6.