Summary of Grant. The grant is governed by the terms of the Bank First National Corporation 2011 Equity Plan, as amended (the “Plan”). A copy of the Plan is available by contacting Xxxxxx Xxxxx, Vice President of Human Resources. By accepting the grant, you agree to the terms of the Plan and this Award Agreement.
Summary of Grant. Performance Unit Tentative Award Performance Period BeginningDate Performance Period Expiration Date Vesting Date Performance Matrix Your tentative award of Performance Units (the “Tentative Award”) is determined by dividing the dollar award amount the Committee establishes for you by the market value of the Company’s Stock as of the Grant Date. At the end of the Performance Period, your Tentative Award will be adjusted by multiplying the Tentative Award by a percentage determined by reference to the intersection of the Adjusted Trucking Operating Ratio column and the CAGR shown in Adjusted EPS CAGR row of the Performance Matrix, attached hereto as Exhibit A. This is your Pre-Peer Adjustment Award. Your Pre-Peer Adjustment Award will be increased by up to 25%, if the total compounded annual shareholder return on the Company’s Stock (“TSR”) exceeds the 75th percentile of the Company’s TSR Leverage Award Peer Group set forth in Exhibit B. The TSR for the Company and for any peer will be determined by comparing the rate of growth of the average stock price of each company for the 60 trading days on and following the Grant Date, to the average stock price of each company for the final 60 trading days of the Performance Period, assuming that dividends are reinvested at the closing stock price of the applicable stock on the date the dividend is declared. Conversely, your Pre-Peer Adjustment Award will be decreased by up to 25%, if the relative compounded TSR is below the 40th percentile of the Company’s TSR Leverage Award Peer Group. The increase or decrease of performance units granted in your Pre-Peer Adjustment Award is determined by multiplying the TSR Award Leverage Factor set forth in Exhibit B by your Pre-Peer Adjustment Award under the methodology described here. The product is your final award (the “Final Award”).
Summary of Grant. Total Option Shares: Exercise Price Per Share: Date of Grant: Expiration Date: (unless earlier terminated under Section 4 below)
Summary of Grant. Number of Shares: 78,288 Option Price: $19.00 Date of Grant: June 2, 2014 Expiration Date: June 2, 2024
Summary of Grant. Dollar Target Value Performance Unit Tentative Award Performance Period Beginning Date Performance Period Expiration Date Vesting Date Performance Matrix $_______ _______ _________ __________ __________ See Exhibit A attached hereto
Summary of Grant. For _____________ Shares of Restricted Stock Awarded
Summary of Grant. Performance Unit Tentative Award Performance Period BeginningDate Performance Period Expiration Date Vesting Date Relative Performance Matrix
