Common use of Bonuses and Incentive Compensation Clause in Contracts

Bonuses and Incentive Compensation. During the Term, subject to Section 7.15 of this Agreement, the Executive shall be eligible for incentive compensation to be paid to her by the Company as follows: (a) The Executive shall be eligible to receive an annual bonus (“Annual Bonus”) for each fiscal year of the Company during the Term, targeted at forty percent (40%) of Base Salary (as determined on July 1 of each fiscal year in accordance with Section 4.1) (the “Annual Bonus Target”), based on the achievement of multiple specific annual quantitative and qualitative performance metrics established by the CEO, in consultation with the Executive, for such fiscal year, and subject to the terms and conditions of the Company’s annual incentive plan, as it may be amended from time to time. (b) The Executive also shall be entitled to incentive compensation pursuant to the Company’s equity incentive plans (each an “Equity Plan”) adopted by the Board of Directors of Amalgamated Financial Corp. (the “Board”) for each fiscal year of the Term. The aggregate potential value of any annual Equity Plan awards granted to the Executive shall be an amount equal to forty percent (40%) of Base Salary in effect at the commencement of the (c) On the Effective Date, the Executive shall be eligible to, and subject to the terms and conditions herein, shall receive a retention award of Restricted Stock Units, in the form attached hereto as Exhibit A, with respect to shares of the Company’s common stock that have a value on the Effective Date equal to U.S. $330,000.00 (based upon the closing price on the immediately preceding day).

Bonuses and Incentive Compensation. During the Term, subject to Section 7.15 of this Agreement, the Executive shall be eligible for incentive compensation to be paid to her him by the Company as follows: (a) The Executive shall be eligible to receive an annual bonus (“Annual Bonus”) for each fiscal year of the Company during the Term, targeted at forty seventy-five percent (4075%) of Base Salary (as determined on July 1 of each fiscal year in accordance with Section 4.1) (the “Annual Bonus Target”), based on the achievement of multiple specific annual quantitative and qualitative performance metrics established by the CEO, in consultation with the Executive, for such fiscal year, and subject to the terms and conditions of the Company’s annual incentive plan, as it may be amended from time to time. (b) The Executive also shall be entitled to incentive compensation pursuant to the Company’s equity incentive plans (each an “Equity Plan”) adopted by the Board of Directors of Amalgamated Financial Corp. (the “Board”) for each fiscal year of the Term. The aggregate potential value of any annual Equity Plan awards granted to the Executive shall be an amount equal to forty percent (40%) of Base Salary in effect at the commencement of thean (c) On the Effective Date, the Executive shall be eligible to, and subject to the terms and conditions herein, shall receive a retention award of Restricted Stock Units, in the form attached hereto as Exhibit A, with respect to shares of the Company’s common stock that have a value on the Effective Date equal to U.S. $330,000.00 352,000.00 (based upon the closing price on the immediately preceding day).

Bonuses and Incentive Compensation. During the Term, subject to Section 7.15 of this Agreement, the Executive shall be eligible for incentive compensation to be paid to her him by the Company as follows: (a) The Executive shall be eligible to receive an annual bonus (“Annual Bonus”) for each fiscal year of the Company during the Term, targeted at forty fifty percent (4050%) of Base Salary (as determined on July 1 of each fiscal year in accordance with Section 4.1) (the “Annual Bonus Target”), based on the achievement of multiple specific annual quantitative and qualitative performance metrics established by the CEO, in consultation with the Executive, for such fiscal year, and subject to the terms and conditions of the Company’s annual incentive plan, as it may be amended from time to time. (b) The Executive also shall be entitled to incentive compensation pursuant to the Company’s equity incentive plans (each an “Equity Plan”) adopted by the Board of Directors of Amalgamated Financial Corp. (the “Board”) for each fiscal year of the Term. The aggregate potential value of any annual Equity Plan awards granted to the Executive shall be an amount equal to forty fifty percent (4050%) of Base Salary in effect at the commencement of thethe applicable (c) On the Effective Date, the Executive shall be eligible to, and subject to the terms and conditions herein, shall receive a retention award of Restricted Stock Units, in the form attached hereto as Exhibit A, with respect to shares of the Company’s common stock that have a value on the Effective Date equal to U.S. $330,000.00 420,000.00 (based upon the closing price on the immediately preceding day).

Bonuses and Incentive Compensation. During the Term, subject to Section 7.15 of this Agreement, the Executive shall be eligible for incentive compensation to be paid to her him by the Company as follows: (a) The Executive shall be eligible to receive an annual bonus (“Annual Bonus”) for each fiscal year of the Company during the Term, targeted at forty percent (40%) of Base Salary (as determined on July 1 of each fiscal year in accordance with Section 4.1) (the “Annual Bonus Target”), based on the achievement of multiple specific annual quantitative and qualitative performance metrics established by the CEO, in consultation with the Executive, for such fiscal year, and subject to the terms and conditions of the Company’s annual incentive plan, as it may be amended from time to time. (b) The Executive also shall be entitled to incentive compensation pursuant to the Company’s equity incentive plans (each an “Equity Plan”) adopted by the Board of Directors of Amalgamated Financial Corp. (the “Board”) for each fiscal year of the Term. The aggregate potential value of any annual Equity Plan awards granted to the Executive shall be an amount equal to forty percent (40%) of Base Salary in effect at the commencement of the (c) On the Effective Date, the Executive shall be eligible to, and subject to the terms and conditions herein, shall receive a retention award of Restricted Stock Units, in the form attached hereto as Exhibit A, with respect to shares of the Company’s common stock that have a value on the Effective Date equal to U.S. $330,000.00 342,000.00 (based upon the closing price on the immediately preceding day).