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EXHIBIT 10.2
GEORGETOWN SAVINGS BANK
INCENTIVE COMPENSATION PLAN
FISCAL 2010 GOALS
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Organizational Level: Executive
Employee: Joseph W.
Kennedy
Incentive Target: 11% ($13,871)
Title: Senior Vice President/Chief
Financial
Officer
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Tier 1: Bank-wide Performance
------------------------------
GOAL: #1: Profitability - Achieve ROA
--------
Annual Payout Percentage: 50% = $6,935
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Goals
Payout
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75% of budget
=
$2,312
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At budget =
$4,623
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125% of budget
=
$6,935
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Stretch Goal
-------------------------------------------------------------
Every .08% over 125% of
budget
$2,312
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Tier 2: Team Performance
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