Common use of Annual Performance Goals Clause in Contracts

Annual Performance Goals. The Company has net income greater than zero. • The Company maintains a “well-capitalized” status as determined in accordance with applicable regulatory standards. In the event that the Company does not achieve the Annual Performance Goals with respect to one or more Performance Periods, the portion of the Restricted Performance Stock which shall vest on the Vesting Date shall be determined by multiplying the number of shares of Company Stock subject to the Restricted Performance Stock by a fraction, the numerator of which is the number of Performance Periods with respect to which the Company achieved the Annual Performance Goals and the denominator of which is the number of Performance Periods during the period beginning on the Grant Date and ending on the Vesting Date.