Central Pacific Financial adopts 2023 Annual Executive Incentive Plan for EVP+ employees

CENTRAL PACIFIC FINANCIAL CORP

Plan covers employees at Executive Vice President level and above; participants selected by Compensation Committee within first 90 days of plan year.
Awards based on corporate performance objectives, business unit objectives, and individual objectives as approved by Committee.
Target and maximum bonus expressed as percentage of base salary; Committee may reduce or eliminate payout in its discretion.
Payment made after audited financials are available, no later than March 15 following plan year; must be employed through payment date.
Participants are ineligible for any other company annual incentive cash bonus programs for the same plan year.

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