or other expenses incurred by the
Executive Vice President on account of non-compliance with Section 409A.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date
first above mentioned.
BANK OF GUAM, a Guam corporation
(herein called the "Bank")
By:
/s/ ROGER P. CROUTHAMEL
ROGER P. CROUTHAMEL
Its Authorized Representative
/s/ MARIA E. H. LEON GUERRERO
MARIA E. H. LEON GUERRERO
(herein called the "Executive Vice President")
- 7 -
Executive Contracts
EXHIBIT A
Period Calculated:
Process Date:
Incentive Parameters
Reduce Total Incentive by:
Net Income
Bonus
ROE
>last 3 year avg.
>or=5bps below G7 reduce by 5%
>or=10bps below G7 reduce by 15%
>or=20bps below G7 reduce by 25%
(Bonus =2.00% of Net Income)
-
ROA
>UBPR
>or=26bps below UPBR reduce by 5%
>or=30bps below UBPR reduce by 15%
>or=40bps below UBPR reduce by 25%
Total Adversely Classified Items/Tier 1 Capital + ALLL greater than:
=/<25%
>or= 26% reduce by 5%
>or=35% reduce by 15%
>or=40% reduce by 25%
Parameters:
Actual
Reductions
Efficiency Ratio
=/< 70%
if 71% reduce by 5%
if
72% reduce by 15%
if 73% or more reduce by 25%
ROE
0.00%
-
(none reflected for 2018 in contract)
ROA
0.00%
-
Increase Total Incentive By:
0
ROE
TACI/T1C+ALLL
0.00%
-
2018
0.00%
Efficiency Ratio
0.00%
-
2017
0.00%