Determination of Bonuses. After audited GAAP financial statements become available for the 2023 performance period, the Committee shall determine the extent to which the first 3 measurable performance factors have been achieved and take into consideration the President’s assessment of achievement towards goals and objectives of each participant and determine the bonus percentage for each Participant for 2023. The Committee shall certify such determination in writing. The Company’s independent auditors will also review the calculation of the bonus percentage for compliance with the details of this Program as part of the Company’s audited financial statements. For a Participant who is President, the CEO may make bonus payment adjustment recommendations up to 50% lower or higher than the calculated award. For Participants who are Executive Vice President and below, the President may make bonus payment adjustment recommendations up to 50% lower or higher than the calculated award. Such adjustments by the CEO or President shall be based on non-attainment or attainment of individual objectives or any other criteria they individually deem appropriate. The sum of all awards after adjustments of the CEO and President’s recommendations, if any, shall not exceed the sum of the calculated awards prior to such adjustment recommendations. Notwithstanding any contrary provision of the Program, the Committee, in its sole discretion, may increase, reduce, or eliminate the bonus payable to any Participant below that which otherwise would be payable under the Program formula.

Determination of Bonuses. After audited GAAP financial statements become available forOn a quarterly basis the 2023 performance period,Committee or the CommitteePresident of the Company (the “President”) shall determine the extent to which the first 3 measurable performance factors have been achieved and take into consideration the President’s assessment of achievement towards goals and objectives of each participant and determine the bonus percentage for eachthe Participant for 2023.2022. The Committee or the President, as applicable, shall certify such determination in writing. The Company’bonus for the Participant shall be determined by applying the total certified bonus percentage to the Participant’s independent auditors will also reviewBase Salary in accordance with the calculation of the bonus percentage for compliance with the details of this Program as part of the Company’s audited financial statements. For a Participant who is President, the CEO may make bonus payment adjustment recommendations up to 50% lower or higher than the calculated award. For Participants who are Executive Vice President and below, themethodology described below. The President may make bonus payment adjustment recommendations up to 50% lower or higher than the calculated award. Such adjustments by the CEO or President shall beaward based on non-attainment or attainment of individual objectives or any other criteria they individually deem appropriate. Thehe deems appropriate, however, the sum of all awards after adjustments of the CEO and President’s recommendations, if any,recommendations shall not exceed the sum of the calculated awards prior to such adjustment recommendations.recommendation. Notwithstanding any contrary provision of the Program, the Committee,Committee or the President, in itshis or her sole discretion, may increase, reduce, or eliminate the bonus payable to anythe Participant below that which otherwise would be payable under the Program formula.

Determination of Bonuses. After audited GAAP financial statements become available for the 20232024 performance period, the Committee shall determine the extent to which the first 3three measurable performance factors have been achieved and take into consideration the President’s assessment of achievement towards goals and objectives of each participantParticipant and determine the bonus percentage for each Participant for 2023. The Committee shall certify such determination in writing. The Company’s independent auditors will also review the calculation of the bonus percentage for compliance with the details of this Program as part of the Company’s audited financial statements. For a Participant who is President, the CEO may make bonus payment adjustment recommendations up to 50% lower or higher than the calculated award. For Participants who are Executive Vice President and below, the President may make bonus payment adjustment recommendations up to 50% lower or higher than the calculated award. Such adjustments by the CEO or President shall be based on non-attainment or attainment of individual objectives or any other criteria they individually deem appropriate. The sum of all awards after adjustments of the CEO and President’s recommendations, if any, shall not exceed the sum of the calculated awards prior to such adjustment recommendations. Notwithstanding any contrary provision of the Program, the Committee, in its sole discretion, may increase, reduce, or eliminate the bonus payable to any Participant below that which otherwise would be payable under the Program formula.

determine the bonus percentage for each Participant for 2023.2024. The Committee shall certify such determination in writing. The Company’bonus for the Participant shall be determined by applying the total certified bonus percentage to the Participant’s independent auditors will also reviewBase Salary in accordance with the calculation of the bonus percentage for compliance with the details of this Program as part of the Company’s audited financial statements. For a Participant who is President, the CEO may make bonus payment adjustment recommendations up to 50% lower or higher than the calculated award. For Participants who are Executive Vice President and below, themethodology described below. The President may make bonus payment adjustment recommendations up to 50% lower or higher than the calculated award. Such adjustments by the CEO or President shall beaward based on non-attainment or attainment of individual objectives or any other criteria they individually deem appropriate. Thehe deems appropriate, however, the sum of all awards after adjustments of the CEO and President’s recommendations, if any,recommendations shall not exceed the sum of the calculated awards prior to such adjustment recommendations.recommendation. Notwithstanding any contrary provision of the Program, the Committee,Committee or the President, in itshis or her sole discretion, may increase, reduce, or eliminate the bonus payable to anythe Participant below that which otherwise would be payable under the Program formula.

Determination of Bonuses. After audited GAAP financial statements become available forOn a quarterly basis the 2023 performance period,Committee or the CommitteePresident of the Company (the “President”) shall determine the extent to which the first 3 measurable performance factors have been achieved and take into consideration the President’s assessment of achievement towards goals and objectives of each participant and determine the bonus percentage for eachthe Participant for 2023.2021. The Committee or the President, as applicable, shall certify such determination in writing. The Company’bonus for the Participant shall be determined by applying the total certified bonus percentage to the Participant’s independent auditors will also reviewBase Salary in accordance with the calculation of the bonus percentage for compliance with the details of this Program as part of the Company’s audited financial statements. For a Participant who is President, the CEO may make bonus payment adjustment recommendations up to 50% lower or higher than the calculated award. For Participants who are Executive Vice President and below, the President may make bonus payment adjustment recommendations up to 50% lower or higher than the calculated award. Such adjustments by the CEO or President shall be based on non-attainment or attainment of individual objectives or any other criteria they individually deem appropriate. The sum of all awards after adjustments of the CEO and President’s recommendations, if any, shall not exceed the sum of the calculated awards prior to such adjustment recommendations.methodology described below. Notwithstanding any contrary provision of the Program, the Committee,Committee or the President, in itshis or her sole discretion, may increase, reduce,eliminate or eliminatereduce the bonus payable to anythe Participant below that which otherwise would be payable under the Program formula.