VIRGINIA FINANCIAL GROUP, INC. INCENTIVE PLAN FOR EXECUTIVE MANAGERS
Contract Categories:
Human Resources
- Bonus & Incentive Agreements
EX-10.11 8 dex1011.htm EXECUTIVE INCENTIVE PLAN Executive Incentive Plan
EXHIBIT 10.11
VIRGINIA FINANCIAL GROUP, INC.
INCENTIVE PLAN FOR EXECUTIVE MANAGERS
INCOME OBJECTIVE
EPS growth
Weighting - 50% of total incentive target
| • | Start payment threshold – 6.0% fully diluted EPS growth above 2004 actual. Note that 2005 EPS growth below 6% would result in no incentive payment against this objective. |
| • | Target Performance – 10% growth |
REVENUE GROWTH
Organic Growth in “Value Added” (Net Interest Income + Non-Interest Income - excluding gain/loss on sale of securities, but including revenue gains from acquisitions)
Weighting - 50% of total incentive target
| • | Start payment threshold established |
| • | Target Performance reflecting 10% growth) |
| • | Payout for performance above target is capped. |
