FIRST FEDERAL FISCAL 2020 CASH INCENTIVE PLANParticipation Agreement • May 11th, 2020 • First Northwest Bancorp • Savings institutions, not federally chartered
This participation agreement (“Agreement”) is between First Federal Savings and Loan Association of Port Angeles (“First Federal”) and the above-named Participant, pursuant to the First Federal Fiscal 2020 Cash Incentive Plan (the “Plan”), which is incorporated herein by reference. This Agreement sets forth the annual incentive targets, applicable weightings between corporate and team performance, corporate performance goals, corporate performance weightings, applicable team performance measures, goals and weightings, to determine the Participant’s cash incentive award under the Plan for the 12-month period beginning January 1, 2020 and ending December 31, 2020 (the “2020 Plan Year”):
