Amendment No. 3 to BancWest Corporation Deferred Compensation Plan
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Summary
This amendment, effective January 1, 1998, modifies the BancWest Corporation Deferred Compensation Plan. It allows the Committee, at its discretion, to credit additional Performance Interest to participants' Base and Retirement Accounts each year based on performance factors it deems appropriate. The amendment was adopted and executed by BancWest Corporation on July 19, 2001.
EX-10.26 4 a74886ex10-26.txt EXHIBIT 10.26 1 EXHIBIT 10.26 AMENDMENT NO. 3 TO BANCWEST CORPORATION DEFERRED COMPENSATION PLAN In accordance with Section 6.1 of the BancWest Corporation Deferred Compensation Plan (hereinafter the "Plan"): 1. The last sentence of Section 3.3(b) of the Plan is hereby amended to read in its entirety as follows: In addition to Base Interest, as of December 31 of each year the Committee may, in its sole discretion, credit Performance Interest for such year to a Participant's Base Account based upon such performance factors as it shall deem appropriate for such year. 2. The last sentence of Section 3.3(c) of the Plan is hereby amended to read in its entirety as follows: In addition to Base Interest and Retirement Interest, as of December 31 of each year the Committee may, in its sole discretion, credit Performance Interest for such year to a Participant's Retirement Account based upon such performance factors as it shall deem appropriate for such year. The amendments set forth herein shall be effective as of January 1, 1998. TO RECORD the adoption of these amendments, BancWest Corporation has executed this document this 19th day of July, 2001. BANCWEST CORPORATION By /s/ William E. Atwater ------------------------------------ Its Secretary