HVBC 2018 Proxy Statement

A-5 of the Committee, the vesting of any Stock Option also may be subject to the achievement of one or more objective performance measures. (a) Performance Measures . The performance measures may be based on any one or more of the following: (i) book value or tangible book value per share; (ii) basic earnings per share; (iii) basic cash earnings per share; (iv) diluted earnings per share; (v) diluted cash earnings per share; (vi) return on equity; (vii) net income or net income before taxes; (viii) cash earnings; (ix) net interest income; (x) non-interest income; (xi) non-interest expense to average assets ratio; (xii) cash general and administrative expense to average assets ratio; (xiii) efficiency ratio; (xiv) cash efficiency ratio; (xv) return on average assets; (xvi) cash return on average assets; (xvii) return on average stockholders’ equity; (xviii) cash return on average stockholders’ equity; (xix) return on average tangible stockholders’ equity; (xx) cash return on average tangible stockholders’ equity; (xxi) core earnings; (xxii) operating income; (xxiii) operating efficiency ratio; (xxiv) net interest rate margin or net interest rate spread; (xxv) growth in assets, loans, or deposits;