Exhibit 10.01
Note: Redacted portions have been marked with [***]. The redacted portions are
subject to a request for
confidential treatment that has been filed with the Securities and Exchange
Commission.
FEDERAL HOME LOAN BANK OF NEW YORK 2008 INCENTIVE COMPENSATION PLAN

I.   OBJECTIVE

    The objective of the Federal Home Loan Bank of New York’s (“Bank”) 2008
Incentive Compensation Plan (“Plan”) is to motivate employees to take actions
that support the Bank’s strategies and lead to the attainment of the Bank’s
business plan and fulfillment of its mission.

    The Plan is intended to accomplish this objective by:

  •   Linking annual cash pay-out award opportunities to Bank performance
measured by the Bank’s “Dividend Capacity From Income,” “Enterprise Risk
Management” and “Targeted Housing and Community Development” goals as well as
utilizing individual, department and group performance measures for certain
employees where appropriate and applicable;

  •   Establishing the goal setting process as an effective reward system so
that employee monetary interests are related to and dependent upon Bank
performance; and

  •   Retaining top performing employees by affording them the opportunity to
share in the Bank’s enhanced performance.

II.   DEFINITIONS

  A.   Bank: The Federal Home Loan Bank of New York, its successors and assigns.

  B.   Board: The Board of Directors of the Federal Home Loan Bank of New York.

  C.   Committee: The Compensation and Human Resources Committee of the Board.

  D.   Fiscal Year: The 12-month period used as the annual accounting period by
the Bank.

  E.   Manager: The person to whom the Participant reports directly.

  F.   Participant: An employee of the Bank as defined by the terms of the
Financial Institutions Retirement Fund who is exempt from the application of the
overtime provisions of the Fair Labor Standards Act and who is also selected by
the President to participate in the Plan.

  G.   Plan: This Incentive Compensation Plan, as may be amended or supplemented
from time to time.

  H.   Plan Year: 2008

  I.   President: The Chief Executive Officer of the Bank, regardless of title,
or his designee.

 

--------------------------------------------------------------------------------

 

Note: Redacted portions have been marked with [***]. The redacted portions are
subject to a request for
confidential treatment that has been filed with the Securities and Exchange
Commission.

III.   ADMINISTRATION

  A.   The Plan, as adopted by the Committee on February 26, 2008, is effective
for the Plan Year beginning January 1, 2008.

  B.   The Plan shall be administered by the President, subject to any
requirements for review and approval by the Committee that the Committee may
establish. The Committee shall keep the Board apprised of any amendments to the
Plan. The Director of Human Resources shall be the President’s designee until
there is a written communication by the President naming other(s) to fulfill
that duty. In all areas not specifically reserved by the Committee for its
review and approval, decisions of the President or his designee concerning the
Plan shall be binding on the Bank and on all Participants.

  C.   While the President has the full power and authority to interpret and
administer the Plan, he will also have the following specific rights and duties:

  1.   To adopt, amend and rescind administrative guidelines, rules and
regulations pertaining to the Plan.

  2.   To accept, modify or reject recommendations of the Managers to set final
awards.

  3.   To interpret and rule on any questions pertaining to any provisions of
the Plan.

  4.   To retain all such other powers as may be necessary to discharge the
duties and responsibilities herein.

      Notwithstanding the foregoing, matters specifically affecting the
President shall be handled by the Committee.

  D.   The President will be responsible for ensuring effective communication of
Plan provisions each year. Each Participant will be given a copy of the Plan
document and of any schedule deemed necessary by the President. Material
modifications or changes to the Plan will be documented and distributed to
Participants as soon as practicable.

  E.   Nothing contained in this Plan shall be construed as a contract of
employment between the Bank and a Participant, or as a right of a Participant to
be continued in the employment of the Bank, or as a limitation of the right of
the Bank to discharge a Participant with or without cause. In addition, no
Participant shall have a vested right to any monies due under this Plan
until payment is actually received by Participant.

 

2

--------------------------------------------------------------------------------

 

Note: Redacted portions have been marked with [***]. The redacted portions are
subject to a request for
confidential treatment that has been filed with the Securities and Exchange
Commission.

IV.   ELIGIBILITY

  A.   Employees in positions determined to have a measurable impact on company
results and for whom incentive participation is consistent with competitive
practice may be eligible for participation in the Plan.

  B.   The President will select annually, for approval by the Committee, those
positions which will be eligible for awards granted under the terms of the Plan.
Eligibility may vary from year to year.

  C.   Eligible positions are listed in Schedule A, incorporated by reference,
which may be updated annually or more frequently, as appropriate. Incumbents in
these positions are Participants in the Plan unless otherwise noted in
Schedule A.

  D.   New employees deemed eligible for Plan participation will be considered
eligible immediately upon date of hire.

V.   INDIVIDUAL AWARD OPPORTUNITIES

  A.   The President shall recommend to the Committee for its approval the award
levels which shall be used to calculate awards earned by Plan Participants.

  B.   Award levels shall be expressed as a percent of the base salary of each
Participant for that Plan Year.

  C.   Each position shall have an assigned threshold, target and maximum award
opportunity level. The range of award opportunities for each Plan Participant is
included in Schedule A, which is incorporated by reference. This
Schedule A may be amended or otherwise modified from year to year by the
Committee.

VI.   OBJECTIVE SETTING       The President shall from time to time recommend to
the Committee Bankwide performance goals that incentive payments to Participants
shall be based upon, either in their entirety or selectively. Individual and/or
group performance measures and goals may be developed by Participants in
collaboration with their Managers. The Bankwide performance goals will specify
target performance levels as well as the achievement levels required to receive
threshold and maximum incentive award amounts. Target performance goal(s) shall
be designed to be attainable, but not without significant effort. Maximum
performance goal(s) shall be established as goal(s) representing a “reach” for
the Bank and/or the group or individual as applicable. The Committee shall
review and have final approval over the Bankwide performance measures and goals
for all Participants, including the President. Individual and/or group
performance measures and goals for Participants other than the President will be
reviewed and approved by the participant’s and/or group’s manager. Changing the
measures of Bankwide performance or changing the achievement levels of Bankwide
performance will require approval of the Committee.

VII.   OBJECTIVE WEIGHTING       Actual incentive awards under the Plan will be
based on (i) Bankwide performance results, and (ii) individual and/or group
performance results, if applicable or appropriate. The relative weighting of
Bank performance may vary.

 

3

--------------------------------------------------------------------------------

 

Note: Redacted portions have been marked with [***]. The redacted portions are
subject to a request for
confidential treatment that has been filed with the Securities and Exchange
Commission.

VIII.   PERFORMANCE MEASUREMENT

  A.   Performance against goals will be measured as soon as practicable
following the close of the Plan Year.

  B.   Group and/or individual performance, where applicable, will be measured
by each Participant’s Manager.

IX.   AWARD DETERMINATION

  A.   Aggregate performance of Bankwide goals, individual and/or group goals,
where applicable, will be used to determine the Participants’ awards. There will
be no payout to Participants for Bankwide goals if results on all Bankwide goals
fall below the threshold level. Should the Bank not meet all of its Bankwide
goals, Participants who have attained at least an overall performance rating of
3.0 will be paid an incentive award based on their individual performance
component.

  B.   A Participant’s overall performance as rated in his/her last performance
evaluation must be rated at least a 3.0 in order to receive an incentive
payment. However, regardless of his or her overall rating, a Participant with a
written performance warning in his or her employment file who does not also have
corresponding documentation from his or her manager in his/her employment file
evidencing acceptable improvement in the Participant’s performance prior to the
payment of the award shall not receive any incentive payment. Participants who
are on official leaves of absence and who have an executed 90-day follow-up
performance evaluation (for newly hired employees) or annual performance
evaluation shall be eligible to receive incentive payments.

  C.   Participants that have attained an “Exceeds Requirements” or
“Outstanding” rating in their performance evaluation will receive an additional
3% or 6%, respectively, of their base salary added to their Plan award. For
Participants with salary changes during the Plan year, the additional 3% or 6%
payment will be based on the base salary as of the conclusion of the Plan year.

  D.   Recommendations will be made to the Committee regarding the actual
Bankwide performance and the associated level of payments as soon as practicable
following the conclusion of the Plan Year. Such recommendations shall be based
on achieved levels of performance, measured against the performance objectives
adopted for each portion of the award.

  E.   Plan Participants, including the President, will receive a cash payment
of the award as soon as practicable after final approval by the Committee.

  F.   Awards earned may vary from the target award defined for each Plan
Participant according to performance achieved by the Bank, and where applicable
by the group or individual.

  G.   Payments may vary from the assigned threshold, target and maximum award
opportunity level as indicated in Schedule A if the Committee determines at the
end of the Plan year that an adjustment to the schedule would better serve the
purposes of the Plan.

  H.   Individuals who are hired during the Plan Year, but in no event after
October 31 of that year, to fill eligible positions will receive prorated
incentive payments based on length of time worked. To receive such payments, the
newly hired employee must have an executed 90-day follow-up performance
evaluation and have received at least a “Meets Requirements” rating. The final
incentive payment will be calculated on a calendar day basis.

 

4

--------------------------------------------------------------------------------

 

Note: Redacted portions have been marked with [***]. The redacted portions are
subject to a request for
confidential treatment that has been filed with the Securities and Exchange
Commission.

  I.   If a Participant’s rank or assignment from one tier to another as
indicated in Schedule A is changed, the incentive payment may be determined on a
pro rata basis according to that portion of the Plan Year worked in each
eligible position.

  J.   If a Participant is promoted and their incentive compensation
opportunity, as indicated in Schedule A, does not change, the incentive payment
may be determined on a pro rata basis according to that portion of the Plan Year
the Participant worked in each eligible position.

  K.   Incentive payments for Participants who are non-officers shall be
calculated using the base salary as of the end of the Plan year without regard
to prorating.

  L.   If a Participant other than the President dies, the payment may be
awarded based upon the judgment of the President. The final payment may be made
after approval by the Committee following the conclusion of the Plan Year. If
the President dies, the payment may be awarded based upon the judgment of the
Board. The final payment may be made after approval by the Board following the
conclusion of the Plan Year.

  M.   If, prior to the payment of an award, (i) the employment of a Participant
is terminated by the Bank or (ii) the Participant leaves the Bank voluntarily,
no incentive award will be made or payable under this Plan, except in the
discretion of the Committee (or in the case of the President, the Board).

  N.   All incentive awards under this Plan shall be calculated and paid to
Participants, in all events, on or before March 13, 2009.

X.   AMENDMENTS       The Committee reserves the right to amend, modify or
terminate the Plan at any time and for any reason. All amendments to the Plan
shall be made in writing and shall be effective when approved by the Committee.
Notwithstanding the foregoing, amendments affecting the President shall be
approved by the Board.

XI.   OTHER PROVISIONS       The provisions of the Plan shall be governed by the
laws of the State of New York.

 

5

--------------------------------------------------------------------------------

 

Schedule A
Note: Redacted portions have been marked with [***]. The redacted portions are
subject to a request for confidential treatment that has been
filed with the Securities and Exchange Commission.
Federal Home Loan Bank of New York
Executive Incentive Comp
Individual Payout Ranges as of February 15, 2008
The table below shows the threshold, target, and maximum payout levels for the
Executive Incentive Plan Participants in 2008
Confidential treatment requested

                                                                               
                                                      ICP Opportunity for      
        ICP Opportunity for Bank Component     Individual Component       2008  
  Threshold     Target     Maximum     Target   Title/Ranking   Annual Salary  
  % of Base     Dollar Amount     % of Base     Dollar Amount     % of Base    
Dollar Amount     % of Base     Dollar Amount     President                    
      Bank Performance at 90%                   Individual Performance at 10%
Chief Executive Officer
  $ 615,634       20 %   $ 110,814       40 %   $ 221,628       80 %   $ 443,256
      40 %   $ 24,625     Management Committee Members                          
Bank Performance at 90%                   Individual Performance at 10%
SVP, Head, Asset Liability Management
  $ 282,613       15 %   $ 38,153       30 %   $ 76,306       60 %   $ 152,611  
    30 %   $ 8,478  
SVP, Chief Financial Officer
  $ 305,411       15 %   $ 41,230       30 %   $ 82,461       60 %   $ 164,922  
    30 %   $ 9,162  
SVP, Head of Member Services
  $ 288,019       15 %   $ 38,883       30 %   $ 77,765       60 %   $ 155,530  
    30 %   $ 8,641  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
SVP, Chief Risk Officer
  $ 405,066       15 %   $ 54,684       30 %   $ 109,368       60 %   $ 218,736
      30 %   $ 12,152  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]     Senior Vice President (Not Members
    of the Management Committee)                           Bank Performance at
80%                   Individual Performance at 20%
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]     Selected Vice Presidents                      
    Bank Performance at 70%                   Individual Performance at 30%
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  

 

1

--------------------------------------------------------------------------------

 

Note: Redacted portions have been marked with [***]. The redacted portions are
subject to a request for confidential treatment that has been
filed with the Securities and Exchange Commission.

                                                                               
                                                      ICP Opportunity for      
        ICP Opportunity for Bank Component     Individual Component       2008  
  Threshold     Target     Maximum     Target   Title/Ranking   Annual Salary  
  % of Base     Dollar Amount     % of Base     Dollar Amount     % of Base    
Dollar Amount     % of Base     Dollar Amount  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]     Vice Presidents & Director of Compliance      
                    Bank Performance at 60%                   Individual
Performance at 40%
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  

 

2

--------------------------------------------------------------------------------

 

Note: Redacted portions have been marked with [***]. The redacted portions are
subject to a request for confidential treatment that has been
filed with the Securities and Exchange Commission.

                                                                               
                                                      ICP Opportunity for      
        ICP Opportunity for Bank Component     Individual Component       2008  
  Threshold     Target     Maximum     Target   Title/Ranking   Annual Salary  
  % of Base     Dollar Amount     % of Base     Dollar Amount     % of Base    
Dollar Amount     % of Base     Dollar Amount  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]     Assistant Vice Presidents                    
      Bank Performance at 40%                   Individual Performance at 60%
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  

 

3

--------------------------------------------------------------------------------

 

Note: Redacted portions have been marked with [***]. The redacted portions are
subject to a request for confidential treatment that has been
filed with the Securities and Exchange Commission.

                                                                               
                                                      ICP Opportunity for      
        ICP Opportunity for Bank Component     Individual Component       2008  
  Threshold     Target     Maximum     Target   Title/Ranking   Annual Salary  
  % of Base     Dollar Amount     % of Base     Dollar Amount     % of Base    
Dollar Amount     % of Base     Dollar Amount  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]     Calling Officers                          
Bank Performance at 35%                   Individual Performance at 65%
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]     Officers                           Bank
Performance at 40%                   Individual Performance at 60%
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  

 

4

--------------------------------------------------------------------------------

 

Note: Redacted portions have been marked with [***]. The redacted portions are
subject to a request for confidential treatment that has been
filed with the Securities and Exchange Commission.

                                                                               
                                                      ICP Opportunity for      
        ICP Opportunity for Bank Component     Individual Component       2008  
  Threshold     Target     Maximum     Target   Title/Ranking   Annual Salary  
  % of Base     Dollar Amount     % of Base     Dollar Amount     % of Base    
Dollar Amount     % of Base     Dollar Amount  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]     Exempt                           Bank
Performance at 25%                   Individual Performance at 75%
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  

 

5

--------------------------------------------------------------------------------

 

Note: Redacted portions have been marked with [***]. The redacted portions are
subject to a request for confidential treatment that has been
filed with the Securities and Exchange Commission.

                                                                               
                                                      ICP Opportunity for      
        ICP Opportunity for Bank Component     Individual Component       2008  
  Threshold     Target     Maximum     Target   Title/Ranking   Annual Salary  
  % of Base     Dollar Amount     % of Base     Dollar Amount     % of Base    
Dollar Amount     % of Base     Dollar Amount  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  

 

6

--------------------------------------------------------------------------------

 

Note: Redacted portions have been marked with [***]. The redacted portions are
subject to a request for confidential treatment that has been
filed with the Securities and Exchange Commission.

                                                                               
                                                      ICP Opportunity for      
        ICP Opportunity for Bank Component     Individual Component       2008  
  Threshold     Target     Maximum     Target   Title/Ranking   Annual Salary  
  % of Base     Dollar Amount     % of Base     Dollar Amount     % of Base    
Dollar Amount     % of Base     Dollar Amount  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  

 

7

--------------------------------------------------------------------------------

 

Note: Redacted portions have been marked with [***]. The redacted portions are
subject to a request for confidential treatment that has been
filed with the Securities and Exchange Commission.

                                                                               
                                                      ICP Opportunity for      
        ICP Opportunity for Bank Component     Individual Component       2008  
  Threshold     Target     Maximum     Target   Title/Ranking   Annual Salary  
  % of Base     Dollar Amount     % of Base     Dollar Amount     % of Base    
Dollar Amount     % of Base     Dollar Amount  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  

 

8

--------------------------------------------------------------------------------

 

Note: Redacted portions have been marked with [***]. The redacted portions are
subject to a request for confidential treatment that has been
filed with the Securities and Exchange Commission.

                                                                               
                                                      ICP Opportunity for      
        ICP Opportunity for Bank Component     Individual Component       2008  
  Threshold     Target     Maximum     Target   Title/Ranking   Annual Salary  
  % of Base     Dollar Amount     % of Base     Dollar Amount     % of Base    
Dollar Amount     % of Base     Dollar Amount  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  

 

9

--------------------------------------------------------------------------------

 

Note: Redacted portions have been marked with [***]. The redacted portions are
subject to a request for confidential treatment that has been
filed with the Securities and Exchange Commission.

                                                                               
                                                      ICP Opportunity for      
        ICP Opportunity for Bank Component     Individual Component       2008  
  Threshold     Target     Maximum     Target   Title/Ranking   Annual Salary  
  % of Base     Dollar Amount     % of Base     Dollar Amount     % of Base    
Dollar Amount     % of Base     Dollar Amount  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  
[***]
    [***]       [***]       [***]       [***]       [***]       [***]      
[***]       [***]       [***]  

 

10