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Exhibit 10.1
First Chester County
Corporation
2009 EXECUTIVE INCENTIVE PLAN
E XHIBIT
B - E XECUTIVE A NNUAL I NCENTIVE P LAN
Bank Performance Factors and Award Schedule
Portions of this exhibit have
been redacted and are the subject of a confidential treatment
request filed with the Secretary of the Securities and Exchange
Commission
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Category 1 – CEO and President
Position
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Performance Measure
Return on Average Assets
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Threshold
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Budget Target
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Stretch Target
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Maximum
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**%
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**%
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**%
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**%
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Threshold
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Budget Target
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Stretch Target
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Maximum
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5%
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**%
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**%
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40%
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Parameters
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1.
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Company measure will be Return on
Average Assets.
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2.
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Will interpolate awards between
threshold, budget target, stretch target and maximum.
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3.
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Plan award is capped at maximum
for 2009.
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4.
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Pay is defined as total base pay
for the applicable plan year.
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** This portion has been
redacted pursuant to a confidential treatment
request.
Exhibit 10.1
First Chester County
Corporation
2009 EXECUTIVE INCENTIVE PLAN
E XHIBIT
B - E XECUTIVE A NNUAL I NCENTIVE P LAN
Bank Performance Factors and Award Schedule
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Category 2 – EVP Positions
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Performance Measure
Return on Average Assets
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Threshold
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Budget Target
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Stretch Target
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Maximum
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**%
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**%
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**%
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**%
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C OMPANY G OAL A WARD
(% of Base Pay)
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Threshold
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Budget Target
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Stretch Target
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Maximum
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3%
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**%
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**%
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20%
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F UNCTIONAL A REA /I NDIVIDUAL G OAL A WARD
(% of Base Pay)
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Minimum Performance
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Meets Goals/Target
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Exceptional Performance
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1%
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**%
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10%
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T OTAL A WARDS
(% of Base Pay – assuming meets goals/target for individual
award)
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Threshold
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Budget Target
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Stretch Target
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Maximum
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8%
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**%
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**%
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25%
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Parameters
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1.
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Company measure will be Return on
Average Assets.
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2.
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Will interpolate between
threshold, budget target, stretch tar
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