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] (b) The Plan Administrator may establish a method for adjusting the Long-Term Annual Incentive Award of the Grantee if he was on an approved leave of absence during the Plan Year and may establish different methods for different forms of leave of absence.

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]% (b) The Plan Administrator may establish a method for adjusting the Long-Term Annual Incentive Award of the Grantee if he was on an approved leave of absence during the Plan Year and may establish different methods for different forms of leave of absence.

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]% (b) The Plan Administrator may establish a method for adjusting the Long-Term Annual Incentive Award of the Grantee if he was on an approved leave of absence during the Plan Year and may establish different methods for different forms of leave of absence.

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] (b) The Plan Administrator may establish a method for adjusting the Long-Term Annual Incentive Award of the Grantee if he was on an approved leave of absence during the Plan Year and may establish different methods for different forms of leave of absence.

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] (b) The Plan Administrator may establish a method for adjusting the Long-Term Annual Incentive Award of the Grantee if he was on an approved leave of absence during the Plan Year and may establish different methods for different forms of leave of absence.