Exhibit
10.13


 


NCB Executive Long-Term Incentive Plan

Measurement Period 1/1/03 – 12/3/05


 


Approved
by the Compensation Committee 7/28/03


 


The Executive Long Term Incentive Plan, as approved by the Board of
Directors on July 31, 1999, delegates to the Compensation Committee the
authority to approve the Measurement Period, the Employee Participants, the
Performance-Based Cash Awards, and the Performance Goals.


 


A.                                    The Measurement Period is the 3-year
period from 1/01/2003 through 12/31/2005, and the Performance-Based Cash
Awards, if any, will be granted every other year according to the following
schedule:


 


	
  '99

  	
   

  	
  '00

  	
   

  	
  '01

  	
   

  	
  '02

  	
   

  	
  '03

  	
   

  	
  '04

  	
   

  	
  '05

  	
   

  	
  '06

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Award

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Award

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Award

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  



 


B.                                    Employee
Participants:


 


	
  CEO:

  	
   

  	
  Charles E. Snyder

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Others:

  	
   

  	
  Steven Brookner

  
	
   

  	
   

  	
  Patrick N. Connealy

  
	
   

  	
   

  	
  Charles H. Hackman

  
	
   

  	
   

  	
  Michele Fantt Harris

  
	
   

  	
   

  	
  Mark Hiltz

  
	
   

  	
   

  	
  Darrell M. Johnson

  
	
   

  	
   

  	
  Andrew Kho

  
	
   

  	
   

  	
  Kathleen Luzik

  
	
   

  	
   

  	
  Richard L. Reed

  
	
   

  	
   

  	
  Russell J. Schofield

  



 


C.                                    Performance-Based
Cash Award Potential:


 


Annualized
Award Opportunity at Select Performance 

as % of Base Salary not including Low Income Adjustment


 


	
   

  	
   

  	
  Threshold

  	
   

  	
  Target

  	
   

  	
  Superior

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CEO

  	
   

  	
  20%

  	
   

  	
  50%

  	
   

  	
  65%

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Other Participants

  	
   

  	
  15%

  	
   

  	
  30%

  	
   

  	
  45%

  	
   

  



 

















 


D.                                    Performance
Goals used to compute potential Performance-Based Cash Awards:


 


	
  PERFORMANCE GOALS
1/1/03 – 12/31/05

  	
   

  	
  Weight

  	
   

  	
   

  	
   

  	
  Goals and
  Awards for the CEO

  
	
   

  	
   

  	
   

  	
  Threshold

  	
   

  	
  Target

  	
   

  	
  Superior

  
	
  Value to Customers:  Revenue
  from New Customers and Products

  	
   

  	
  35%

  	
   

  	
  Goal

  	
   

  	
  20% of '05 Revenues from  post '02 sources

  	
   

  	
  30% of '05 Revenues from  post '02 sources

  	
   

  	
  50% of '05 Revenues from  post '02 sources

  
	
   

  	
   

  	
  Award

  	
   

  	
  7% of Salary

  	
   

  	
  17.5% of Salary

  	
   

  	
  22.75% of Salary

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Financial Strength: Average ROE less NCBDC contribution over three
  years

  	
   

  	
  35%

  	
   

  	
  Goal

  	
   

  	
  8% Average ROE

  	
   

  	
  9% Average ROE

  	
   

  	
  11% Average ROE

  
	
   

  	
   

  	
  Award

  	
   

  	
  7% of Salary

  	
   

  	
  17.5% of Salary

  	
   

  	
  22.75% of Salary

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Total commitments and financial transactions arranged for customers
  including loans, leases, letters of credit, private placements, and deals
  closed by referral sources.

  	
   

  	
  30%

  	
   

  	
  Goal

  	
   

  	
  $4 billion 2003 through 2005

  	
   

  	
  $4.5 billion 2003 through 2005

  	
   

  	
  $5.5 billion 2003 through 2005

  
	
   

  	
   

  	
  Award

  	
   

  	
  6% of Salary

  	
   

  	
  15% of Salary

  	
   

  	
  19.5% of Salary

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  100%

  	
   

  	
   

  	
   

  	
  20% of Salary

  	
   

  	
  50% of Salary

  	
   

  	
  65% of Salary

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Adjustment for Low Income Market Development

  	
   

  	
  -15% of Total Award

  	
   

  	
  +0%

  	
   

  	
  +25% of Total Award

  



 


	
  PERFORMANCE GOALS
1/1/03 – 12/31/05

  	
   

  	
  Weight

  	
   

  	
   

  	
   

  	
  Goals and
  Awards for Other Participants

  
	
   

  	
   

  	
   

  	
  Threshold

  	
   

  	
  Target

  	
   

  	
  Superior

  
	
  Value to Customers:  Revenue
  from New Customers and Products

  	
   

  	
  35%

  	
   

  	
  Goal

  	
   

  	
  20% of '05 Revenues from  post '02 sources

  	
   

  	
  30% of '05 Revenues from  post '02 sources

  	
   

  	
  50% of '05 Revenues from  post '02 sources

  
	
   

  	
   

  	
   

  	
  Award

  	
   

  	
  5.25% of Salary

  	
   

  	
  10.5% of Salary

  	
   

  	
  15.75% of Salary

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Financial Strength: Average ROE less NCBDC contribution over three
  years

  	
   

  	
  35%

  	
   

  	
  Goal

  	
   

  	
  8% Average ROE

  	
   

  	
  9% Average ROE

  	
   

  	
  11% Average ROE

  
	
   

  	
   

  	
   

  	
  Award

  	
   

  	
  5.25% of Salary

  	
   

  	
  10.5% of Salary

  	
   

  	
  15.75% of Salary

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Total commitments and financial transactions arranged for customers
  including loans, leases, letters of credit, private placements, and deals
  closed by referral sources.

  	
   

  	
  30%

  	
   

  	
  Goal

  	
   

  	
  $4 billion 2003 through 2005

  	
   

  	
  $4.5 billion 2003 through 2005

  	
   

  	
  $5.5 billion 2003 through 2005

  
	
   

  	
   

  	
  Award

  	
   

  	
  4.5% of Salary

  	
   

  	
  9% of Salary

  	
   

  	
  13.5% of Salary

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Totals

  	
   

  	
  100%

  	
   

  	
   

  	
   

  	
  15% of Salary

  	
   

  	
  30% of Salary

  	
   

  	
  45% of Salary

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Adjustment for Low Income Market Development

  	
   

  	
  -15% of Total Award

  	
   

  	
  +0%

  	
   

  	
  +25% of Total Award

  



 


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