Performance-Restricted Restricted Stock Or Restricted Stock Units-Performance Goals - 2006
Contract Categories:
Business Finance
- Stock Agreements
EX-10.2 3 ex10-2.htm EXHIBIT 10.2 Exhibit 10.2
EXHIBIT 10.2
Performance-Restricted Restricted Stock
Or Restricted Stock Units-Performance Goals - 2006
Number of Shares of Restricted Stock or Restricted Stock Units (RSUs) | ||
Performance Goal* | Holding Co. Directors | National Penn Bank Directors |
Threshold - $1.20 per share | 400 | 100 |
Market Target - $ 1.33 per share | 800 | 200 |
NPB Target - $ 1.47-$1.49 per share | 900 | 225 |
Optimum - $ 1.62 per share | 1,100 | 275 |
______________________
*These performance goals are consistent with the performance goals established under the National Penn Bancshares, Inc. Executive Incentive Plan.