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EXECUTIVE MANAGEMENT 2009 SHORT-TERM INCENTIVE PLAN

Executive Compensation Plan Agreement

EXECUTIVE MANAGEMENT 2009 SHORT-TERM INCENTIVE PLAN | Document Parties: NATIONAL CONSUMER COOPERATIVE BANK /DC/ You are currently viewing:
This Executive Compensation Plan Agreement involves

NATIONAL CONSUMER COOPERATIVE BANK /DC/

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Title: EXECUTIVE MANAGEMENT 2009 SHORT-TERM INCENTIVE PLAN
Date: 3/31/2009

EXECUTIVE MANAGEMENT 2009 SHORT-TERM INCENTIVE PLAN, Parties: national consumer cooperative bank /dc/
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Exhibit 10.39

EXECUTIVE MANAGEMENT
2009 SHORT-TERM INCENTIVE PLAN

 

 

 

 

 

 

 

 

 

Category

 

Eligible Points

 

Points Awarded

 

Goal

Capital

 

 

7.5

 

 

 

Maintain average TRBC ratio of at least 12% at FSB

 

 

 

7.5

 

 

 

Maintain leverage ratio < or = 95% of senior note agreement requirement

 

 

 

 

 

 

 

 

Bonus : Additional 5 points for successful renegotiation of leverage limitations in senior note agreements.

Asset Quality

 

 

15.0

 

 

 

NPA Ratio 1 at or below 1.5% for entire year.

 

 

 

 

 

 

 

 

Bonus : Additional 5 points if the NPA ratio 1 is 1% or less with a reduction of 5 points if net charge offs exceed .5%.

Management

 

 

10.0

 

 

 

Make substantial progress toward conversion of NCBFSB to National Bank

 

 

 

5.0

10.0

 

 



 

Achieve satisfactory evaluations from Loan Review, auditors, FCA, and OTS, including FIDICA compliance.
Complete conversion to OSI by year-end.

Earnings

 

 

10.0

 

 

 

Maintain Avg. ROAE of 7% at NCBFSB and achieve FSB Earnings objectives of senior note agreements

 

 

 

5.0

 

 

 

Implement Relationship Profitability System by year-end
Bonus : 1 extra point for every 1% reductio


 
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