This excerpt taken from the ANNB DEF 14A filed Apr 13, 2007.
GRANTS OF PLAN BASED AWARDS
Notes to columns:
NEO Krebs is entitled to receive payments under the Banks quarterly incentive program based on the total performance of the Banks Business Development Group. The formula for these incentives is as follows for 2006: An award payout can range from 5% of salary for achieving 90% of goal, 15% for achieving 100% of goal and up to a maximum of 40% of salary for exceeding goal by 25% or more.
Beginning with the year ended December 31, 2007, 25% of awards to NEOs Lerner, Faison and Kendrick may be payable in restricted stock units that will vest over three years.