Illustrative NumberPerformance Target: Performance Target: of Year Two UnitsPercentage Growth in EPS 2006 EPS Performance Factor (1)4.0% $ 2.58 85 % 85 4.4% $ 2.59 88 % 88 4.8% $ 2.60 91 % 91 5.2% $ 2.61 94 % 94 5.6% $ 2.62 97 % 97 6.0% Performance Target $ 2.63 100 % 100 6.5% $ 2.64 103 % 103 6.9% $ 2.65 106 % 106 7.3% $ 2.66 109 % 109 7.7% $ 2.67 112 % 112 8.0% $ 2.68 115 % 115

EX-10.2 3 w16935exv10w2.htm EXHIBIT 10.2 exv10w2
 

Exhibit 10.2
Addendum to Amended and Restated Participation Agreement
TD Bank 2005 Performance Based Restricted Share Unit Plan
       Year Two Performance Goals (January 1, 2006 — December 31, 2006)
                         
                    Illustrative Number
Performance Target:   Performance Target:           of Year Two Units
Percentage Growth in EPS   2006 EPS   Performance Factor   (1)
4.0%
   $ 2.58       85 %     85  
4.4%
   $ 2.59       88 %     88  
4.8%
   $ 2.60       91 %     91  
5.2%
   $ 2.61       94 %     94  
5.6%
   $ 2.62       97 %     97  
6.0% — Performance Target
   $ 2.63       100 %     100  
6.5%
   $ 2.64       103 %     103  
6.9%
   $ 2.65       106 %     106  
7.3%
   $ 2.66       109 %     109  
7.7%
   $ 2.67       112 %     112  
8.0%
   $ 2.68       115 %     115  
 
(1) Based on an assumed Award of 300 Initial Units, which is for illustrative purposes only
Dated: January 24, 2006.
         
TD BANKNORTH INC.    
 
        
By: 
        
 
     
 
Name: William J. Ryan    
 
Title: Chairman, President and    
 
          Chief Executive Officer    
 
        
PARTICIPANT    
 
        
     
Name: