Common use of Annual Incentive Payment Clause in Contracts

Annual Incentive Payment. Beginning January 1, 2017 and with respect to each fiscal year or portion of a fiscal year of the Bank ending during the term hereof, the Executive shall be eligible to receive an annual incentive payment (the “Incentive Payment”) in accordance with the terms of any applicable incentive plan of the Bank (an “Incentive Plan”) and subject to the achievement of any performance goals established by the Board (or a committee thereof) and agreed to by Executive with respect to such fiscal year, which shall be attached hereto as Confidential Schedule A and made a part hereof. The Executive’s target Incentive Payment opportunity (the “Target Incentive Payment”) under the Incentive Plan applicable to the Executive for each fiscal year during the term hereof shall be 75% of his Base Salary for that year. Such target incentive percentage may be increased but not decreased in the sole discretion of the Bank. Any earned Incentive Payment shall be paid to the Executive pursuant to the terms of the applicable incentive plan; provided, however, that any such Incentive Payment for a fiscal year shall be paid to the Executive no later than the 15th day of the second month following the close of such fiscal year, unless the Bank or Executive shall elect to defer the receipt of such Incentive Payment pursuant to an arrangement that meets the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). If Executive’s employment is terminated by the Bank for Cause or Executive voluntarily resigns without Good Reason prior to such date, Executive will forfeit his right to receive any payments under this Section 4(b).

Annual Incentive Payment. Beginning January 1, 2017 and with With respect to each fiscal year or portion of a fiscal year of the Bank Company ending during the term hereofEmployment Period, the Executive shall be eligible to receive an annual cash incentive payment (the “Incentive Payment”) in accordance with pursuant to the terms of any applicable the Company’s annual cash incentive plan of applicable to the Bank Executive as in effect from time to time (an the “Incentive Plan”) and subject ), with the actual amount of any such Incentive Payment to be determined by the Compensation Committee pursuant to the achievement terms of any performance goals established by the Board (or a committee thereof) and agreed to by Executive with respect to such fiscal year, which shall be attached hereto as Confidential Schedule A and made a part hereofIncentive Plan. The Executive’s target Incentive Payment opportunity under the Incentive Plan for each fiscal year during the Employment Period shall be no less than 55% of his Annual Base Salary, which shall be reviewed annually by the Compensation Committee pursuant to its normal performance review policies for senior executives and may be increased but not decreased (as in effect from time to time, the “Target Incentive Payment”) under the Incentive Plan applicable to the Executive for each fiscal year during the term hereof shall be 75% of his Base Salary for that year. Such target incentive percentage may be increased but not decreased in the sole discretion of the Bank). Any earned Incentive Payment shall be paid to the Executive pursuant to the terms of the applicable incentive planIncentive Plan; provided, however, that any such Incentive Payment for a fiscal year shall be paid to the Executive no later than the 15th day of the second third month following the close of such fiscal year (or the calendar year, where applicable), unless the Bank Company or the Executive shall elect to defer the receipt of such Incentive Payment pursuant to an arrangement that meets the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). If Executive’s employment is terminated by the Bank for Cause or Executive voluntarily resigns without Good Reason prior to such date, Executive will forfeit his right to receive any payments under this Section 4(b).

Annual Incentive Payment. Beginning January 1, 2017 and with With respect to each fiscal year or portion of a fiscal year of the Bank Company ending during the term hereofEmployment Period, the Executive shall be eligible to receive an annual cash incentive payment (the “Incentive Payment”) in accordance with pursuant to the terms of any applicable the Company’s annual cash incentive plan of applicable to the Bank Executive as in effect from time to time (an the “Incentive Plan”) and subject ), with the actual amount of any such Incentive Payment to be determined by the Compensation Committee pursuant to the achievement terms of any performance goals established by the Board (or a committee thereof) and agreed to by Executive with respect to such fiscal year, which shall be attached hereto as Confidential Schedule A and made a part hereofIncentive Plan. The Executive’s target Incentive Payment opportunity under the Incentive Plan for the 2024 fiscal year shall be 46.7% of the base salary actually earned by the Executive during such fiscal year and the Executive’s target Incentive Payment opportunity under the Incentive Plan for each fiscal year during the Employment Period thereafter shall be no less than 60% of her Annual Base Salary (as in effect from time to time, the “Target Incentive Payment”) under the ). The Target Incentive Plan applicable to the Executive for each fiscal year during the term hereof Payment shall be 75% of his Base Salary reviewed annually by the Compensation Committee pursuant to its normal performance review policies for that year. Such target incentive percentage senior executives and may be increased but not decreased in the sole discretion of the Bankdecreased. Any earned Incentive Payment shall be paid to the Executive pursuant to the terms of the applicable incentive planIncentive Plan; provided, however, that any such Incentive Payment for a fiscal year shall be paid to the Executive no later than the 15th day of the second third month following the close of such fiscal year (or the calendar year, where applicable), unless the Bank Company or the Executive shall elect to defer the receipt of such Incentive Payment pursuant to an arrangement that meets the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). If Executive’s employment is terminated by the Bank for Cause or Executive voluntarily resigns without Good Reason prior to such date, Executive will forfeit his right to receive any payments under this Section 4(b).

Annual Incentive Payment. Beginning January 1, 2017 and with With respect to each fiscal year or portion of a fiscal year of the Bank Company ending during the term hereofEmployment Period, the Executive shall be eligible to receive an annual cash incentive payment (the “Incentive Payment”) in accordance with pursuant to the terms of any applicable the Company’s annual cash incentive plan of applicable to the Bank Executive as in effect from time to time (an the “Incentive Plan”) and subject ), with the actual amount of any such Incentive Payment to be determined by the Compensation Committee pursuant to the achievement terms of any performance goals established by the Board (or a committee thereof) and agreed to by Executive with respect to such fiscal year, which shall be attached hereto as Confidential Schedule A and made a part hereofIncentive Plan. The Executive’s target Incentive Payment opportunity under the Incentive Plan for the 2018 fiscal year shall be 50% of the base salary actually earned by the Executive during such fiscal year and the Executive’s target Incentive Payment opportunity under the Incentive Plan for each fiscal year during the Employment Period thereafter shall be no less than 55% of his Annual Base Salary (as in effect from time to time, the “Target Incentive Payment”) under the ). The Target Incentive Plan applicable to the Executive for each fiscal year during the term hereof Payment shall be 75% of his Base Salary reviewed annually by the Compensation Committee pursuant to its normal performance review policies for that year. Such target incentive percentage senior executives and may be increased but not decreased in the sole discretion of the Bankdecreased. Any earned Incentive Payment shall be paid to the Executive pursuant to the terms of the applicable incentive planIncentive Plan; provided, however, that any such Incentive Payment for a fiscal year shall be paid to the Executive no later than the 15th day of the second third month following the close of such fiscal year (or the calendar year, where applicable), unless the Bank Company or the Executive shall elect to defer the receipt of such Incentive Payment pursuant to an arrangement that meets the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). If Executive’s employment is terminated by the Bank for Cause or Executive voluntarily resigns without Good Reason prior to such date, Executive will forfeit his right to receive any payments under this Section 4(b).

Annual Incentive Payment. Beginning January 1, 2017 From the Effective Date and with respect to each fiscal year or portion of a fiscal year of the Bank ending during the term hereof, the Executive shall be eligible to receive an annual incentive payment (the “Incentive Payment”) in accordance with the terms of any applicable incentive plan of the Bank (an “Incentive Plan”) and subject to the achievement of any performance goals established by the Board (or a committee thereof) and agreed to by Executive with respect to such fiscal yearCEO, which shall be attached hereto as Confidential Schedule A and made a part hereof. The Executive’s target Incentive Payment opportunity (the “Target Incentive Payment”) under the Incentive Plan applicable to the Executive for each fiscal year during the term hereof shall be 7565% of his Base Salary in the form of 50% in cash and 50% in equity compensation for that year. Such target incentive percentage may be increased but not decreased in the sole discretion of the Bank. Any earned Incentive Payment shall be paid to the Executive pursuant to the terms of the applicable incentive plan; provided, however, that any such Incentive Payment for a fiscal year shall be paid to the Executive no later than the 15th day of the second month following the close of such fiscal year, unless the Bank or Executive shall elect to defer the receipt of such Incentive Payment pursuant to an arrangement that meets the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). If Executive’s employment is terminated by the Bank for Cause or Executive voluntarily resigns without Good Reason prior to such date, Executive will forfeit his right to receive any payments under this Section 4(b).

Annual Incentive Payment. Beginning January 1, 2017 and with With respect to each fiscal year or portion of a fiscal year of the Bank Company ending during the term hereofEmployment Period, the Executive shall be eligible to receive an annual cash incentive payment (the “Incentive Payment”) in accordance with pursuant to the terms of any applicable the Company’s annual cash incentive plan of applicable to the Bank Executive as in effect from time to time (an the “Incentive Plan”) and subject ), with the actual amount of any such Incentive Payment to be determined by the Compensation Committee pursuant to the achievement terms of any performance goals established by the Board (or a committee thereof) and agreed to by Executive with respect to such fiscal year, which shall be attached hereto as Confidential Schedule A and made a part hereofIncentive Plan. The Executive’s target Incentive Payment opportunity under the Incentive Plan for each fiscal year during the Employment Period shall be no less than 60% of his Annual Base Salary, which shall be reviewed annually by the Compensation Committee pursuant to its normal performance review policies for senior executives and may be increased but not decreased (as in effect from time to time, the “Target Incentive Payment”) under the Incentive Plan applicable to the Executive for each fiscal year during the term hereof shall be 75% of his Base Salary for that year. Such target incentive percentage may be increased but not decreased in the sole discretion of the Bank). Any earned Incentive Payment shall be paid to the Executive pursuant to the terms of the applicable incentive planIncentive Plan; provided, however, that any such Incentive Payment for a fiscal year shall be paid to the Executive no later than the 15th day of the second third month following the close of such fiscal year (or the calendar year, where applicable), unless the Bank Company or the Executive shall elect to defer the receipt of such Incentive Payment pursuant to an arrangement that meets the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). If Executive’s employment is terminated by the Bank for Cause or Executive voluntarily resigns without Good Reason prior to such date, Executive will forfeit his right to receive any payments under this Section 4(b).

Annual Incentive Payment. Beginning January 1, 2017 and with With respect to each fiscal year or portion of a fiscal year of the Bank Company ending during the term hereofEmployment Period, the Executive shall be eligible to receive awarded an annual incentive payment (the “Incentive Payment”) as determined by the Compensation Committee in its discretion and, if applicable, in accordance with the terms of any applicable incentive plan of the Bank (an “First Horizon National Corporation Management Incentive Plan”) and subject to ; provided, however, that the achievement of any performance goals established by the Board Executive’s Incentive Payment for each fiscal year (or a committee portion thereof) and agreed to by Executive with respect to such fiscal year, which during the Employment Period shall be attached hereto as Confidential Schedule A and made a part hereof. The Executive’s target Incentive Payment opportunity no less than 100% of his Annual Base Salary for each fiscal year (or portion thereof) (the “Target Incentive Payment”) under ). Notwithstanding anything contained herein to the contrary, if the Executive receives a prorated bonus from Capital Bank in respect of the fiscal year in which the Effective Time occurs, the Incentive Plan applicable to the Executive for each fiscal year during the term hereof Payment under this Section 4(b) shall be 75% prorated for the period commencing on the date on which the Effective Time occurs through the last date of his Base Salary for that such fiscal year. Such target incentive percentage Target Incentive Payment may be increased but not decreased in the sole discretion of the BankCompany. Any The earned Incentive Payment Payments shall be paid to the Executive pursuant to the terms of the applicable incentive planFirst Horizon National Corporation Management Incentive Plan; provided, however, that any such Incentive Payment for a fiscal year shall be paid to the Executive no later than the 15th day of the second third month following the close of such fiscal year, unless the Bank or Executive shall elect to defer the receipt of such Incentive Payment pursuant to an arrangement that meets the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). If Executive’s employment is terminated by the Bank for Cause or Executive voluntarily resigns without Good Reason prior to such date, Executive will forfeit his right to receive any payments under this Section 4(b).

Annual Incentive Payment. Beginning January 1, 2017 and with With respect to each fiscal year or portion of a fiscal year of the Bank Company ending during the term hereofEmployment Period, the Executive shall be eligible to receive an annual cash incentive payment (the “Incentive Payment”) in accordance with pursuant to the terms of any applicable the Company’s annual cash incentive plan of applicable to the Bank Executive as in effect from time to time (an the “Incentive Plan”) and subject ), with the actual amount of any such Incentive Payment to be determined by the Compensation Committee pursuant to the achievement terms of any performance goals established by the Board (or a committee thereof) and agreed to by Executive with respect to such fiscal year, which shall be attached hereto as Confidential Schedule A and made a part hereofIncentive Plan. The Executive’s target Incentive Payment opportunity under the Incentive Plan for the 2020 fiscal year shall be 42.5% of the base salary actually earned by the Executive during such fiscal year and the Executive’s target Incentive Payment opportunity under the Incentive Plan for each fiscal year during the Employment Period thereafter shall be no less than 50% of her Annual Base Salary (as in effect from time to time, the “Target Incentive Payment”) under the ). The Target Incentive Plan applicable to the Executive for each fiscal year during the term hereof Payment shall be 75% of his Base Salary reviewed annually by the Compensation Committee pursuant to its normal performance review policies for that year. Such target incentive percentage senior executives and may be increased but not decreased in the sole discretion of the Bankdecreased. Any earned Incentive Payment shall be paid to the Executive pursuant to the terms of the applicable incentive planIncentive Plan; provided, however, that any such Incentive Payment for a fiscal year shall be paid to the Executive no later than the 15th day of the second third month following the close of such fiscal year (or the calendar year, where applicable), unless the Bank Company or the Executive shall elect to defer the receipt of such Incentive Payment pursuant to an arrangement that meets the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). If Executive’s employment is terminated by the Bank for Cause or Executive voluntarily resigns without Good Reason prior to such date, Executive will forfeit his right to receive any payments under this Section 4(b).

Annual Incentive Payment. Beginning January 1, 2017 and with With respect to each fiscal year or portion of a fiscal year of the Bank Company ending during the term hereofEmployment Period, the Executive shall be eligible to receive an annual cash incentive payment (the “Incentive Payment”) in accordance with pursuant to the terms of any applicable the Company’s annual cash incentive plan of applicable to the Bank Executive as in effect from time to time (an the “Incentive Plan”) and subject ), with the actual amount of any such Incentive Payment to be determined by the Compensation Committee pursuant to the achievement terms of any performance goals established by the Board (or a committee thereof) and agreed to by Executive with respect to such fiscal year, which shall be attached hereto as Confidential Schedule A and made a part hereofIncentive Plan. The Executive’s target Incentive Payment opportunity under the Incentive Plan for each fiscal year during the Employment Period shall be no less than 75% of his Annual Base Salary, which shall be reviewed annually by the Compensation Committee pursuant to its normal performance review policies for senior executives and may be increased but not decreased (as in effect from time to time, the “Target Incentive Payment”) under the Incentive Plan applicable to the Executive for each fiscal year during the term hereof shall be 75% of his Base Salary for that year. Such target incentive percentage may be increased but not decreased in the sole discretion of the Bank). Any earned Incentive Payment shall be paid to the Executive pursuant to the terms of the applicable incentive planIncentive Plan; provided, however, that any such Incentive Payment for a fiscal year shall be paid to the Executive no later than the 15th day of the second third month following the close of such fiscal year (or the calendar year, where applicable), unless the Bank Company or the Executive shall elect to defer the receipt of such Incentive Payment pursuant to an arrangement that meets the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). If Executive’s employment is terminated by the Bank for Cause or Executive voluntarily resigns without Good Reason prior to such date, Executive will forfeit his right to receive any payments under this Section 4(b).