Document:

EX-10.14

 Exhibit 10.14 
 Non-Employee Director 
 Restricted Stock Grant Agreement under

 the Orthofix International N.V. 
 2012 Long-Term Incentive Plan 
 This Restricted Stock Grant Agreement (the
“Agreement”) is made this             day of             (the “Grant Date”)
between Orthofix International N.V., a Curacao company (the “Company”), and the person signing this Agreement adjacent to the caption “Award Recipient” on the signature page hereof (the “Award
Recipient”), a non-employee member of the Board of Directors of the Company (the “Board”). Capitalized terms used and not otherwise defined herein shall have the meanings attributed thereto in the Orthofix
International N.V. 2012 Long-Term Incentive Plan (the “Plan”). 
 WHEREAS, pursuant to the Plan, the
Company desires to afford the Award Recipient the opportunity to acquire Common Shares on the terms and conditions set forth herein; 
 NOW, THEREFORE, in connection with the mutual covenants hereinafter set forth and for other good and valuable consideration, the parties hereto agree as follows: 

1. Grant of Restricted Stock. 
 (a) Number of Shares/Vesting. The Company hereby grants to the Award Recipient, on the Grant Date, an Award of
            shares of Stock (“Common Shares”) under the Plan subject to the vesting schedule and terms and conditions set forth below (the
“Restricted Stock”). Subject to earlier termination in accordance with the Plan or this Agreement and the terms and conditions herein, Restricted Stock granted under this Agreement shall vest with respect to
            % of the shares covered hereby on each of the first, second and third anniversaries of the [Grant Date / Vesting Start Date] (each, a “Vesting Date”);
provided, however, for the avoidance of doubt, that there shall be no proportionate or partial vesting in the periods prior to or between each Vesting Date. [For purposes of this Agreement, “Vesting Start Date” shall mean
            .] 
 (b) Additional Documents. The
Award Recipient agrees to execute such additional documents and complete and execute such forms as the Company may require for purposes of this Agreement. 
 (c) Issuance of Restricted Stock; Dividend and Distribution Rights. Upon the vesting of any Restricted Stock pursuant to the terms hereof, the restrictions of Sections 1(a) and 3 shall
lapse with respect to such vested Restricted Stock. The issuance of the Restricted Stock under this grant shall be evidenced in such a manner as the Company, in its discretion, will deem appropriate, including, without limitation, book-entry
registration or issuance of one or more stock certificates. As the Award Recipient’s vests as described above, the recordation of the number of Common Shares attributable to such Award Recipient will be appropriately modified. 

2. Incorporation of Plan. The Award Recipient acknowledges receipt of the Plan, a copy of which is annexed hereto, and
represents that he or she is familiar with its terms and provisions and hereby accepts this grant of Restricted Stock subject to all of the terms and provisions of the Plan and all interpretations, amendments, rules and regulations which may, from
time to time, be promulgated and adopted pursuant to the Plan. The Plan is incorporated herein by reference. In the event of any conflict or inconsistency between the Plan and this Agreement, the Plan shall govern and this Agreement shall be
interpreted to minimize or eliminate any such conflict or inconsistency. 
 3. Restrictions on Transfer. To the
extent not yet vested, the Restricted Stock may not be sold, transferred, assigned, pledged or otherwise encumbered or disposed of, whether by operation of law or otherwise. 
 4. Notification of Election Under Section 83(b) of the Code. Under Section 83 of the Internal Revenue Code of 1986, as amended (the “Code”), the
difference between the purchase price paid for the Restricted Stock (i.e., zero), and the fair market value of shares on the date any forfeiture restrictions lapse with respect to such shares, will be reportable as ordinary income at that time.
applicable to it. An Award Recipient may elect to be taxed at the time the shares are acquired, rather than when such shares cease to be subject to such 

 
forfeiture restrictions, by filing an election under Section 83(b) of the Code with thirty days after the Grant Date. In such event, the Award Recipient will have to make a tax payment based
on the fair market value of the shares on the Grant Date being treated as ordinary income. The form for making this election is attached as Exhibit A hereto. Failure to make this filing within the thirty (30) day period will result in the
recognition of ordinary income by the Award Recipient as the forfeiture restrictions lapse. 
 BY SIGNING THIS AGREEMENT, THE
AWARD RECIPIENT ACKNOWLEDGES THAT IT IS HIS OR HER SOLE RESPONSIBILITY, AND NOT THE COMPANY’S, TO FILE A TIMELY ELECTION UNDER SECTION 83(b), EVEN IF THE AWARD RECIPIENT REQUESTS THE COMPANY OR ITS REPRESENTATIVES TO MAKE THIS FILING ON HIS OR
HER BEHALF. THE AWARD RECIPIENT AGREES AND ACKNOWLEDGES THAT HE OR SHE IS RELYING SOLELY ON HIS OR HER OWN ADVISORS WITH RESPECT TO THE DECISION AS TO WHETHER OR NOT TO FILE ANY 83(b) ELECTION. 

5. Termination of Service. 
 (a) Termination of Service as a Result of Voluntary Resignation. If, prior to vesting, the Award Recipient’s Service is terminated as a result of a Voluntary Resignation, the
Restricted Stock shall be considered vested as of the date of such termination of Service with respect to the aggregate number of Common Shares as to which the Restricted Stock would have been vested as of December 31 of the year in which such
termination of Service occurs. The unvested portion of the Restricted Stock shall be forfeited by the Award Recipient and cancelled by the Company as of the date of the Award Recipient’s termination of Service, and the Award Recipient shall
have no further right or interest therein. In no event shall this Section 5(a) apply if the termination of Service is (i) for Cause or (ii) by reason of death or Disability. 

(b) Termination of Service for Cause. If, prior to vesting, the Award Recipient’s Service is terminated by the
Company or any of its Subsidiaries for Cause, the unvested portion of the Restricted Stock shall be forfeited by the Award Recipient and cancelled by the Company as of the date of the Award Recipient’s termination of Service for Cause, and the
Award Recipient shall have no further right or interest therein unless the Committee in its sole discretion shall determine otherwise. 
 (c) Termination of Service for Death or Disability. If the Award Recipient’s Service terminates by reason of death or Disability, the Restricted Stock shall automatically vest in full as
of the date of the Award Recipient’s termination of Service. 
 6 Change in Control. Upon the occurrence of a
Change in Control, the Restricted Stock shall automatically vest in full. 
 7. Withholding. The Award
Recipient (or following the Award Recipient’s death, the Award Recipient’s estate, personal representative, or beneficiary, as applicable) shall be liable for any and all U.S. federal, state or local taxes of any kind required by law to be
withheld with respect to the vesting of Restricted Stock, as well as for any and all applicable withholding tax requirements of any other country or jurisdiction. When the Restricted Stock vests, the Company shall cause the Award Recipient (or
following the Award Recipient’s death, the Award Recipient’s estate, personal representative, or beneficiary, as applicable) to satisfy all of his or her tax withholding obligations by having the Company withhold a number of Common Shares
that would otherwise become vested having a Fair Market Value (as of the close of business on the Vesting Date) not in excess of the minimum amount of tax withholding obligations required by law to be withheld with respect to such vesting.

 8. No Service or Other Rights. This grant of Restricted Stock does not confer upon the Award Recipient any
right to provide Services to the Company or any Subsidiary or other affiliate thereof, or interfere with or limit in any way the right of the Company or any Subsidiary or other affiliate thereof to terminate such Award Recipient’s Service
at any time.
 9. Adjustment of and Changes in Common Shares. In the event of any merger, consolidation,
recapitalization, reclassification, stock dividend, extraordinary dividend, or other event or change in corporate structure affecting the Common Shares, the Committee shall make such adjustments, if any, as it deems appropriate in the number and
class of shares subject to the Restricted Stock. The foregoing adjustments shall be determined by the Committee in its sole discretion. 

 10. Rights as a Shareholder. Except as otherwise provided in this
Agreement, the Award Recipient shall have all rights of a stockholder with respect to the Restricted Stock granted under this Agreement, including voting rights. Notwithstanding the foregoing, dividends with respect to any Restricted Stock
granted under this Agreement shall accrue, but shall not be paid, until the Award Recipient shall become the holder of record thereof, and no adjustment shall be made for dividends or distributions or other rights in respect of any Restricted Stock
for which the record date is prior to the date upon which the Award Recipient shall become the holder of record thereof. 

11. Discretionary Nature of Plan. The Plan is discretionary in nature, and the Company may suspend, modify, amend or
terminate the Plan in its sole discretion at any time, subject to the terms of the Plan and any applicable limitations imposed by law. This Restricted Stock grant under the Plan is a one-time benefit and does not create any contractual or other
right to receive additional Restricted Stock or other benefits in lieu of Restricted Stock in the future. Future grants, if any, will be at the sole discretion of the Committee, including, but not limited to, the timing of any grant, the number
of shares of Restricted Stock granted, and the vesting provisions. 
 12. Miscellaneous Provisions. 

(a) Applicable Law. The validity, construction, interpretation and effect of this instrument will be governed by and
construed in accordance with the laws of the State of Texas, without giving effect to the conflicts of laws provisions thereof. 

(b) Notice. Any notice required by the terms of this Agreement shall be delivered or made electronically, over the
Internet or otherwise (with request for assurance of recipient in a manner typical with respect to communications of that type), or given in writing. Any notice given in writing shall be deemed effective upon personal delivery or upon deposit
with the United States Postal Service, by registered or certified mail, with postage and fees prepaid, and shall be addressed to the Company at its principal executive office and to the Award Recipient at the address that he or she has most recently
provided to the Company. Any notice given electronically shall be deemed effective on the date of transmission. 

(c) Headings. The headings of sections and subsections are included solely for convenience of reference and shall not
affect the meaning of the provisions of this Agreement. 
 (d) Counterparts. This Agreement may be executed in two
or more counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same instrument. 
 (e) Amendments. The Board and the Committee shall have the power to alter or amend the terms of the grant of Restricted Stock as set forth herein from time to time, in any manner consistent
with the provisions of Sections 5.3 and 18.10 of the Plan, and any alteration or amendment of the terms of this grant of Restricted Stock by the Board or the Committee shall, upon adoption, become and be binding on all persons affected thereby
without requirement for consent or other action with respect thereto by any such person. The Committee shall give notice to the Award Recipient of any such alteration or amendment as promptly as practicable after the adoption thereof. The foregoing
shall not restrict the ability of the Award Recipient and the Board or the Committee by mutual written consent to alter or amend the terms of this grant of Restricted Stock in any manner which is consistent with the Plan. 

(f) Binding Effect. This Agreement shall be binding upon the heirs, executors, administrators and successors of the Award
Recipient and the Company. 
 (g) Entire Agreement. This Agreement and the Plan constitute the entire agreement
between the Award Recipient and the Company regarding the grant of Restricted Stock and supersede all prior arrangements or understandings (whether oral or written and whether express or implied) with respect thereto.

13. Definitions. For purposes of this Agreement, the following capitalized words shall have the meanings set forth below.

 “Voluntary Resignation” shall occur when the Award Recipient
voluntarily ceases Service (including, with respect to Service as a director of the Company, because Optionee resigns from the Board for any reason or no reason, elects not to stand for re-election to the Board or is not re-elected to the Board by
the shareholders of the Company. For the avoidance of doubt, a Voluntary Resignation shall not occur as a result of termination of Service as a result of death or Disability (as provided hereunder). 

(Remainder of page intentionally left blank) 

 EXECUTED on the date first written above. 

 

					
	COMPANY:	 	ORTHOFIX INTERNATIONAL N.V.
			
		 	By:	 	 
		 	Name:	 	
		 	Title:	 	
	AWARD RECIPIENT:	 		 	
			
		 	By:	 	 
		 	Name:	 	
		 	Title:EX-10.21

 Exhibit 10.21 
 Western Alliance Bancorporation 
 Annual 2013 Bonus Plan 

Parent and All Affiliate Banks 

OBJECTIVE: The purpose of this Annual Bonus Plan is to provide incentives and rewards for superior performance in order to attract and retain
highly qualified team members and to maximize financial performance during the 2013 calendar year (“Plan Year”) so that Western Alliance Bancorporation (“WAL”) will meet and exceed its performance goals. 

ELIGIBILITY: Team members (except those on special incentive plans, such as: WAL Equipment Finance, Alliance Association
Financial Services, Special Assets and several individual plans) who are employed by WAL as of
January 1st of the Plan Year. Bonuses for team
members hired after January 1st but on or before
September 30th of a Plan Year will be prorated. Team
members hired after September 30th may be eligible
for the following’s annual bonus plan. 
 EFFECTIVE DATE: January 1, 2013. This Plan supersedes all others before it and for
2013 there will be one annual bonus plan for the Company. 
 FREQUENCY OF AWARDS: Awards will be paid annually within 90 days
after the end of the Plan Year. Participants must be employed at year end to receive any bonus compensation under this Plan. 
 PLAN
ADMINISTRATOR: WAL Compensation Committee will administer and approve the Plan annually. The day to day details of the Plan will be monitored by an internal committee made up of WAL Chief Executive Officer, President/COO, Chief Financial
Officer, and Chief Administrative Officer (“Bonus Plan Committee”). 
 HOW THE PLAN WORKS: Subject to the terms of the
Plan, bonus calculations will be based on the following performance measures: 1) Earnings per Share, 2) Credit Quality, 3) Deposit Growth, 4) Loan Growth, and 5) Quality Control (“Plan Performance Measures”).  

Each Plan Performance Measure will operate independently (i.e.,it is possible for one Performance Measure to generate an award opportunity and not
another); likewise, it is possible for one Performance Measure to be achieved at a higher level than another. Performance Measures are individually weighted (“Performance Measure Weights”) (i.e., certain Performance Measures are
counted more heavily in calculating awards than others). The Bonus Plan Committee recommends the Plan Performance Measures and Performance Measure Weights at the beginning of the Plan Year for approval by the WAL Compensation Committee. The
Compensation Committee retains absolute authority over the selection of and Performance Measures and Performance Measure Weights. 
 A Target
bonus percentage expressed as a percentage of Base Salary will be established for each Participant. A payout at the maximum level requires outstanding performance for the year in all components of the Plan. Base Salary is defined as the
Participant’s actual salary earned for the year which includes pay for regular hours worked plus paid holiday, sick, and vacation hours; earnings received during a leave of absence are not included in this calculation. 

A. Earnings Per Share Performance is weighted 50% 

This portion of the bonus will be calculated based on WAL’s Earnings per Share performance during the Plan Year. The
Earnings per Share calculation is determined pursuant to Generally Accepted Accounting Principles (“GAAP”). EPS will be adjusted for gain/loss on trust preferred valuation, merger charges, mandated legal/regulatory changes. 

 CHART FOR EARNINGS PER SHARE RESULTS IS 50% OF TARGET 

 

			
	WAL Performance Earnings Per Share Results	  	Percent of Target Paid (EPS)
	 Less than < .80
	  	No Bonus paid
	 Between .80 to .90
	  	75% to 100%
	 Between .90 to 1.00
	  	100% to 150%

 B. Credit Quality is weighted 20% 

This portion of the bonus will be calculated using the Net Charge Off ratio (weighted 10%) and Non-Performing Asset ratio
(weighted10%). 
  

	 	a.	Net Loan Charge Offs for the year divided by Average Loans Outstanding for the year equal the Net Charge Off Ratio 

 

	 	b.	The Non-Performing Asset ratio is the average of 4 quarter end ratios of Non-Performing Assets divided by Total Average Assets 

 

			
	WAL Credit Quality Performance	  	Percent of Target Bonus Paid
	 Net Charge Offs
	  	
	 >.65%
	  	No Bonus Paid
	 <.65% to .55%
	  	75% to 100%
	 £.55% to .45%
	  	100% to 150%
	 NPA’s
	  	
	 >2.40%
	  	No Bonus paid
	 <2.40% to 2.15%
	  	75% to 100%
	 <2.15% to 1.90%
	  	100% to 150%

 C. Deposit Growth is weighted 10% 

 

	 	1.	This portion of the bonus will be calculated using the actual Deposit Growth results for WAL. Exclusions may be made to these calculations to account for windfalls,
etc. 

  

	 	2.	Following are the definitions/calculations on which this portion of the bonus will be based: 

 

	 	a.	A calculation will be made for the WAL Growth in Deposits (10% of target). 

 

	 	b.	Deposits will be calculated on organic growth and will not include increases in deposits acquired by acquisition. 

 

	 	c.	Calculation: The percent of Target bonus paid for Deposit Growth will be calculated based on the following schedule: 

CHART FOR DEPOSIT GROWTH 10% OF TARGET 
  

			
	 WAL Performance

Deposit Growth
	  	Percent of Target Paid (Deposits)
	 Less than <5%
	  	No Bonus paid
	 Between 5% - 10%
	  	75% to 100%
	 Between 10% - 15%
	  	100% to 150%

  
 2 

	 	3.	In order to receive more than 100% of the Deposit growth portion of the bonus: 

 

	 	a.	WAL must achieve a growth equal to or more than 10% in Deposits to pay more than 100% for the goal being measured, and 

 

	 	b.	Participant must meet individual goals in this respective area. 

 D. Loan Growth is weighted 10% 
  

	 	1.	This portion of the bonus will be calculated based on actual Loan Growth results for WAL. Exclusions may be made to these calculations to account for windfalls, etc.

  

	 	2.	Following are the definitions/calculations on which this portion of the bonus will be based: 

 

	 	a.	A calculation will be made for WAL Growth in Total Loans (10% of target). 

  

	 	b.	Loan calculations will not include increases in loans acquired by acquisition. 

 

	 	c.	Calculation: The percent of Target bonus paid for Loan Growth will be calculated based on the following schedule: 

CHART FOR LOAN GROWTH 10% OF TARGET 
  

			
	 WAL Performance

Loan Growth
	  	Percent of Target Paid (Loans)
	 Less than <5%
	  	No Bonus paid
	 Between 5% - 10%
	  	75% to 100%
	 Between 10% - 15%
	  	100% to 150%

  

	 	3.	In order to receive more than 100% of the Loan growth portion of the bonus: 

 

	 	a.	WAL must achieve a growth to or more than 10% in Loans to pay more than 100% for the goal being measured, and 

 

	 	b.	Participant must meet individual goals in this respective area. 

 E. Quality Control is weighted 10% 
  

	 	1.	The effectiveness of the Company’s quality control will be evaluated based upon regulatory examinations and internal audits. 

 

	 	2.	Quality Control will be measured based on the following two areas: 

  

	 	a.	All Regulatory Examinations (5%) 

  

	 	b.	Internal Audits (5%)

  

	 	3.	The maximum pay out on this quality control is 100% 

  

	 	4.	Quality Control performance will be measured and assessed by the WAL Audit Committee 

 F. Other Calculation Provisions 
  

	 	1.	All participants below the level of Vice President will be paid out according to the bonus formula without respect to the assessment set forth below.

  

	 	2.	All Annual Bonus Plan participants with a title of Vice President or above (excluding members of the WAL Executive Management Committee and 3 Bank Presidents) will be
evaluated at the end of the plan year. Based upon these evaluations, participants’ final bonus payouts will range from 75% to 120% of overall payout. 

  

	 	3.	Each officer will be evaluated in the following areas: 

  

	 	•	 	 Accountability 

  

	 	•	 	 Communications/Influence 

  
 3 

	 	•	 	 Integrity 

  

	 	•	 	 Knowledge/Expertise/Intellect 

  

	 	•	 	 Team Builder/Empowerment 

  

	 	•	 	 Initiative/Speed 

  

	 	•	 	 Vision/Global Mind Set 

  

	 	•	 	 Customer/Quality Focus 

  

	 	•	 	 Contribution to Bottom-line 

  

	 	4.	Participants must meet individual loan and deposit production goals, if assigned, or their total bonus may be reduced or eliminated. 

 

	 	5.	A participant’s bonus may be reduced or eliminated if, in the discretion of Management: i) their department’s loan review and/or audits are rated below
satisfactory and/or not adhering to safety, soundness, and approved operational procedures; ii) any participant, their branch or department earns a rating of less than “Satisfactory,”; iii) their department’s credit underwriting
and/or portfolio management practices are rated below “Satisfactory” and/or not adhering to safety and soundness; or iv) the participant, their branch or department has not contributed adequately to the financial results attributed to
them. 

 G. Other Administrative Provisions 

 

	 	1.	This is a discretionary bonus plan and, in order to receive payment of any bonus under this Plan, the participant must be eligible and employed by WAL through the end
of the Plan Year. 

  

	 	2.	Designation as a participant in the Plan does not create a contract of employment for any specified time, nor shall such act to alter or amend WAL’s
“at-will” policy of employment. 

  

	 	3.	If any participant’s performance is rated as falling below job expectations or as less than satisfactory at any time during the Plan Year, or if the participant is
subject to any written disciplinary action, the bonus payment will be reduced or eliminated. 

  

	 	4.	A change in officer title occurring during the year will create a proration based upon the number of months in each position. 

 

	 	5.	Awards will be paid through the normal payroll process to participants. All awards will be subject to applicable taxes. Awards do not constitute commissions or
additional wages, and participants have no vested interests in the benefits of the Plan, except as expressly provided for herein. No right or interest of any participant in the Plan is assignable or transferable. 

 

	 	6.	Awards under this Plan will be used in calculating covered earnings for benefit purposes for the 401(k) and Life Insurance Plans but not for Long Term Disability
Insurance. 

  

	 	7.	Timely and accurate completion of all business plans, reports, budgets and other planning exercises is required for payment under the Plan. 

 

	 	8.	Acknowledgment from the HR Department that offices and officers have conformed to bank policy in timeliness of annual reviews, controllable turnover, and all other
areas of HR administration is required for payment under this Plan. 

  

	 	9.	Performance measurements and statistics will be based on calculations completed by the Finance Division of WAL. Any questions about the results or the bonus
calculations must be submitted to the Plan Administrator within 30 days after the calculations have been completed and published, after which time no inquiries will be considered. 

  
 4 

	 	10.	Performance Measures, Performance Measure Weights and award opportunities may be adjusted during the performance period only upon approval by the Plan Administrator as
it deems appropriate. It is anticipated that such adjustments will be made infrequently and only in extraordinary circumstances. Notwithstanding the foregoing, no adjustment will be made to any award intended to qualify as “performance-based
compensation” for purposes of Code Section 162(m) (as defined below) to the extent the adjustment would cause the award to fail to so qualify. 

  

	 	11.	This Plan is governed and interpreted by the Plan Administrator, whose decisions shall be final. WAL reserves the right to change, amend, modify, suspend, continue or
terminate all or any part of the Plan either in an individual case or in general, at any time without notice and without consent of any Participant. 

  

	 	12.	Participants are eligible to participate in either the WAL Annual Bonus Plan or a special incentive plan (which may be paid out quarterly), and Management has the
discretion to assign any team member to the particular plan it deems appropriate. 

  

	 	13.	The intent of the WAL Annual Bonus Plan is to fairly reward team members for adding value to the Company. Subject to the Code Section 162(m) provisions below, if
adjustments need to be made to allow this Plan to accomplish its purpose, the Compensation Committee in its sole discretion can make those adjustments. 

  

	 	14.	Notwithstanding anything to the contrary in this Plan, it is the intention of the Plan Administrator that any award granted to a participant who is a “covered
employee” (each a “Covered Employee”) as defined in Section 162(m) of the Internal Revenue Code of 1986, as amended (the “Code”), should qualify as “performance-based compensation” for purposes of Code
Section 162(m), all determinations relating to such awards will be made by the WAL Compensation Committee, which is comprised solely of “outside directors” (within the meaning of Code Section 162(m)), and the following provisions
will apply to such awards: 

  

	 	a.	The WAL Compensation Committee will determine the amount of an award opportunity to be granted to each participant who is a Covered Employee. 

	 	b.	Subject to subsection (e) below, the amount of a Covered Employee’s award will be an amount determinable from written performance targets approved by the WAL
Compensation Committee while the outcome is substantially uncertain and no more than 90 days after the commencement of the performance period to which the performance target relates. The WAL Compensation Committee will have the authority to
determine in its sole discretion the applicable performance period relating to any such award. 

	 	c.	The maximum aggregate limit on awards that may be awarded under this plan to any Covered Employee with respect to any calendar year is $5 million.

	 	d.	The amount of any award will be based on objective Performance Measures and a Performance Target with respect to each Performance Measure as specified by the WAL
Compensation Committee. When establishing performance targets that are intended to qualify as “performance-based compensation” for purposes of Code Section 162(m), the WAL Compensation Committee may exclude any or all
“extraordinary items” as determined under GAAP including, without limitation, the charges or costs associated with restructurings of the Company, discontinued operations, other unusual or non-recurring items, and the cumulative effects of
accounting changes, only to the extent permitted under Code Section 162(m). 

	 	e.	The WAL Compensation Committee will determine in writing with respect to any Covered Employee whether the performance target has been met with respect to any affected
Covered Employee and, if that is the case, so certify and ascertain the amount of the applicable award. No awards will be paid to any Covered Employee until such certification is made by the WAL Compensation Committee. 

	 	f.	The Plan will be administered and interpreted in accordance with Code Section 162(m) to ensure the deductibility by the Company or its affiliates of the payment of
such awards. 

  
 5 

 Sample Calculation: 
 1. WAL Earnings Per Share Growth Performance is weighted 50% 
  

					
	Earnings Per Share Growth Performance	  	WAL	 
	 EPS achieved
	  	 	.90	  
	 % of EPS Target Bonus Paid
	  	 	100	% 

  

	See	table on page 2 

 2. WAL Credit Quality
Performance is weighted 20% 
  

					
	Credit Quality Performance 10%	  	WAL	 
	 Net Charge Offs achieved
	  	 	.55	% 
	 % of Goal Paid
	  	 	100	% 

  

					
	Credit Quality Performance 10%	  	WAL	 
	 NPA percentage achieved
	  	 	2.15	% 
	 % NPA Goal Paid
	  	 	100	% 

  

	See	table on page 2 

 4. WAL Deposit Growth
Performance is weighted 10% 
  

					
	Deposit Growth	  	WAL	 
	 Deposit Growth Achieved
	  	 	15	% 
	 Loan Growth Target Paid
	  	 	150	% 

  

	See	table on page 2 

  
 5. WAL Loan Growth Performance is weighted 10% 
  

					
	Loan Growth	  	WAL	 
	 Loan Growth Achieved
	  	 	15	% 
	 Loan Growth Target Paid
	  	 	150	% 

  

	See	table page 3 

 6. WAL Quality Control factors
are weighted 10% 
  

	 	•	 	 Regulatory Examines (5%) WAL Audit Committee determined PASS 

 

	 	•	 	 Internal Audits (5%) WAL Audit Committee determined PASS 

Passed at the 100% level for example purposes 
 Example Paid under WAL Annual Bonus 
 Participant has a base salary of $60,000

 Target Bonus of 8% 

Target Bonus—$4,800.00 
  

																	
	 	 
	 EPS
	  	Credit
Quality	 	 	Deposit
Growth	 	 	Loan
Growth	 	 	Quality
Control	 
	 $4,800
	  	$	4,800	  	 	$	4,800	  	 	$	4,800	  	 	$	4,800	  
	 X50%
	  	 	X20	% 	 	 	X10	% 	 	 	X10	% 	 	 	X10	% 
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 $2,400
	  	$	960	  	 	$	480	  	 	$	480	  	 	$	480	  
	 X100%
	  	 	X100	% 	 	 	X150	% 	 	 	X150	% 	 	 	X100	% 
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 $2,400
	  	$	960	  	 	$	720	  	 	$	720	  	 	$	480	  

 Total Payout is $2,400 + $960 + $720 + $720 + $480 = $5,280 

  
 6

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