PACIFIC CENTURY FINANCIAL CORPORATION
SUSTAINED PROFIT GROWTH PLAN
Effective January 1, 1998
SECTION 1. ESTABLISHMENT AND PURPOSES.
1.01 Pacific Century Financial Corporation hereby establishes the Sustained Profit Growth Plan.
1.02 The purpose of this Plan is to advance the interests of Pacific Century Financial Corporation by (i)
motivating special achievements by Eligible Employees upon whose judgment, initiative and efforts Pacific
Century Financial Corporation is largely dependent for the successful conduct of its business through a
compensation program emphasizing long-term performance incentives;
(ii) supplementing other compensation plans; and (iii) assisting Pacific Century Financial Corporation in retaining
and attracting such employees.
1.03 This Plan shall be effective as of January 1, 1998 and shall operate on the basis of the current Incentive
Period. This Plan constitutes the current operating document for the administration of the Plan effective January 1,
1994, that was disclosed to shareholders and received shareholder approval on April 27, 1994. As such, the
material terms of this Plan have been approved by shareholders for purposes of the performance-based
compensation requirements of
Section 162 (m) of the Internal Revenue Code of 1986, as amended.
SECTION 2. DEFINITIONS. As used herein, the following terms shall have the following meanings unless a
different meaning is plainly required in the context:
2.01 "Base Year" shall mean the fiscal year prior to the Incentive Period.
2.02 "Board" shall mean the Board of Directors of the Holding Company.
2.03 "Committee" shall mean the Compensation Committee of the Holding Company.
2.04 "Contingent Award" shall mean an award to an Eligible Employee expressed as a percentage of average
annual Salary for the Incentive Period.
2.05 "Eligible Employees" shall mean officers or other employees of the Holding Company or any Subsidiary,
including directors who are also officers or other employees of the Ho