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.