Camden National board approves amended Executive Annual Incentive Program effective 2024

CAMDEN NATIONAL CORP

Annual cash incentive awards based on company and individual performance goals set by Compensation Committee.
Company performance factor weighted 75%, individual factor weighted 25%; payout 0%-150% of target.
Participants include executive team and key positions; awards paid by March 15 following year.
Committee retains discretion to adjust awards; program subject to clawback and recoupment policies.
Program effective for program years beginning January 1, 2024.

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