Performance-Restricted Restricted Stock or Restricted Stock Units - Performance Goals - 2007

Contract Categories: Human Resources - Bonus & Incentive 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 - 2007  
 
 
Number of Shares of Restricted            
 Stock or Restricted Stock Units (RSUs)          
   
National Penn
 
National Penn
 
 
 
Bancshares
 
Bank
 
Performance Goals
 
Directors  
 
 Directors 
  
           
           
Threshold - $1.33 per share
    
400
    
100
  
               
               
Market/Budget Target - $1.38 per share
    
900
    
225
  
               
               
Stretch Target - $1.44 per share
    
1,000
    
250
  
               
               
Optimum - $1.49 per share
    
1,100
    
275
  
 
______________________
 
These performance goals are consistent with the performance goals established under the National Penn Bancshares, Inc. Executive Incentive Plan.