Incentive Compensation. During the term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or designated committee thereof from time to time. The Executive’s initial target annual incentive compensation is $535,000.00, prorated from the Executive’s actual start date. Cash incentive compensation will be paid to the Executive in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s continued employment by the Company through the end of such calendar quarter.

Incentive Compensation. During the Employment Term, Executive shall be eligible to receive an annual cash bonus based on performance objectives established by the Committee each year (the “Annual Bonus”). Executive’s target Annual Bonus amount will be the percentage of Base Salary designated as the target by the Committee, which annual target amount shall equal 30% of the Base Salary then in effect (the “Annual Target Bonus”). Notwithstanding the preceding and subject to the terms set forth on [Exhibit A], the Annual Bonus, if any, may be below (including zero), at, or above the target based upon the achievement of the performance objectives.

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s target annual incentive compensation shall be 35 percent of his Base Salary. To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. A Member may elect to reduce up to 100% of his or her Incentive Compensation in exchange for a Thrift Benefit under the Plan. The Bank will credit a Member's Account with an amount equal to # the Incentive Compensation payable to the Member for the pay period, multiplied by the percentage of Incentive Compensation elected by the Member to be deferred into the Plan, then reduced by # the amount of the Member's Incentive Compensation contribution to the Thrift Plan for the pay period, including “catch-up contributions.”

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent of his Base Salary (the “Target Bonus”) and be based on predetermined metrics as determined by the Board or the Compensation Committee. Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Commencing with the 2018 calendar year, the Executive shall be eligible to earn a bonus with respect to each calendar year ending during the Term computed in accordance with the provisions hereafter (an “Annual Bonus”). If the Pre-Bonus Earnings amount is less than or equal to twenty seven million dollars ($27,000,000), the Annual Bonus shall be equal to ten percent (10%) of the positive difference (if any) between the Pre-Bonus Earnings amount for such year less the Bonus Threshold. If the Pre-Bonus Earnings amount is greater than twenty seven million dollars ($27,000,000), the Annual Bonus shall be equal to the sum of # seven hundred thousand dollars ($700,000) and # five percent (5%) of the positive difference between the Pre-Bonus Earnings amount for such year less twenty seven million dollars ($27,000,000). By way of examples, if Pre-Bonus Earnings for any calendar year were # twenty four million dollars ($24,000,000), the Annual Bonus for such calendar year shall be four hundred thousand dollars ($400,000), # twenty eight million dollars ($28,000,000), the Annual Bonus for such calendar year shall be seven hundred fifty thousand dollars ($750,000) and # nineteen million dollars ($19,000,000), the Annual Bonus for such calendar year shall be zero.

The Executive shall be eligible to earn a bonus with respect to such calendar year ending during the Term computed in accordance with the provisions hereafter (an “Annual Bonus”). If the amount of Pre-Bonus Earnings for such calendar year is less than the Pre-Bonus Earnings Cap, the Annual Bonus shall be equal to ten (10%) of the positive difference between the Pre-Bonus Earnings less the Bonus Threshold. If the amount of Pre-Bonus Earnings is greater than the Pre-Bonus Earnings Cap, the Annual Bonus shall be equal to the sum of # ten percent (10%) of the positive difference between the Pre-Bonus Earnings Cap less the Bonus Threshold, and # five percent (5%) of the positive difference between # Pre-Bonus Earnings amount for such calendar year less # the Pre-Bonus Earnings Cap. The “Pre-Bonus Earnings” amount shall equal the EBITDA (as defined below) of the Company before any bonus amount owed to Executive but after all other bonus amounts. The “Bonus Threshold” shall be six million two hundred fifty thousand ($6,250,000) for calendar year 2017 and seven million five hundred thousand dollars ($7,500,000) thereafter. In addition, such threshold shall be subject to adjustment by the Company from time to time in its discretion to account for material acquisitions or dispositions of any business or assets of or by the Company or its subsidiaries. The “Pre-Bonus Earnings Cap” shall be that amount of Pre-Bonus Earnings such that the sum of # the Executive’s Base Salary as in effect at the end of the year in respect to which such bonus was earned and # the product of # 10% and # the positive difference between Pre-Bonus Earnings and the Bonus Threshold is equal two million dollars ($2,000,000). For the avoidance of doubt, the Pre-Bonus Earnings Cap for calendar year 2017 shall be twenty one million fifty thousand dollars ($21,050,000).

Incentive Compensation. During the Term, the Employee shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time, in accordance with Company’s bonus program. The Company will initially target the Employee’s Incentive Bonus at 40% of his Base Salary with eligibility starting in the Company’s 2020 plan year. The actual incentive target and any Incentive Bonus is discretionary and will be subject to the Company’s assessment of the Employee’ performance, as well as business conditions at the Company. The Incentive Bonus also will be subject to approval by and adjustment at the discretion of the Company and the terms of any applicable incentive plan. Any Incentive Bonus will be paid by March 15 of the year following the year in which it is earned. Except as otherwise provided in Section 4(b)(i) below or the Company’s bonus program, to earn incentive compensation, the Employee must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. During the Term, you will be eligible to receive an annual cash bonus (your “Bonus”) for each fiscal year of the Company commencing with the fiscal year ending December 31, 2021, pursuant to an annual cash bonus plan. The actual amount of the Bonus and the performance goals applicable to the Bonus shall be determined in accordance with the terms and conditions of said bonus plan as in effect from time to time, as determined by the independent members of the Board in sole discretion, based on a recommendation from the CHRC.

Incentive Compensation. During the Term and in addition to the aforesaid Base Salary, the Executive shall be entitled to such additional non-equity incentive compensation as may be awarded from time to time, in its discretion, by the Board of Directors (“Non-Equity Incentive Compensation”). It is understood that any Non-Equity Incentive Compensation to be awarded to the Executive may be based on the attainment by the Employer of certain performance goals established by the Board of Directors in consultation with the Executive relating to factors, including but not limited to, asset quality, profitability and growth. Notwithstanding anything contained in this Agreement to the contrary, any increase to the Executive’s Base Salary and any Non-Equity Incentive Compensation paid to the Executive shall be # in compliance with regulations, pronouncements, directives, or order issued or promulgated by any governing regulatory agency and with any agreement by and between the Employer and such regulatory agencies, # consistent with the safe and sound operation of the Employer, # closely monitored by the Board of Directors, and # comparable to such compensation paid to persons of similar responsibilities and duties in other insured institutions of similar size, in similar locations, and under similar circumstances including financial condition and profitability.