Exhibit 10.1 Amended and Restated Appendix A to The Washington Trust Company Annual Performance Plan
EX-10.HTM 2 exhibit10.htm EXHIBIT 10 TO FORM 10-Q FOR QUARTER ENDED MARCH 31, 2008 exhibit10.htm
Exhibit 10.1
Appendix A to The Washington Trust Company Annual Performance Plan, which was filed as Exhibit 10.1 to Washington Trust Bancorp, Inc.’s Quarterly Report on Form 10-Q (File No. 000-13091) for the quarterly period ended March 31, 2007, has been amended and restated in its entirety as set forth below:
Amended and Restated Appendix A to The Washington Trust Company Annual Performance Plan, dated as of March 17, 2008
Appendix A –Target Bonus Awards
Target bonus award levels for Executive Officers are as follows:
| Position | Total Target* |
| CEO | 45% |
| COO | 40% |
| Executive Vice Presidents | 30% |
| Senior Vice Presidents | 25% |
* as a percentage of regular earnings
Target bonus award levels applicable only to calendar year 2008 were adjusted by the Compensation Committee as outlined below:
| Position | 2008 Adjusted Total Target* |
| CEO | 41.15% |
| COO | 36.58% |
| Executive Vice Presidents | 27.44% |
| Senior Vice Presidents | 22.86% |
* as a percentage of regular earnings
