LNB Bancorp, Inc.
2007 Management Incentive Plan
For Key Executives
Section I. PURPOSE
The LNB Bancorp, Inc. 2007 Management Incentive Plan for Key Executives is designed to reward Key Executives with
incentive compensation payments for achieving profitability goals and subjective goals.
Section II. DEFINITIONS
The following terms, as used in this Plan, shall mean:
Section III. ELIGIBILITY
Employees of Lorain National Bank, other than the CEO, are eligible to participate in this Plan. Based upon CEO
recommendations, the Committee has the authority, in its discretion, to designate the Employees who will participate in this Plan
during the Plan year.
Section IV. AMOUNT OF INCENTIVE PAYMENT
Subject to the other terms of this Plan, the amount of the Incentive Payment earned by an Employee under this Plan will be
determined, based on Employer’s actual Profitability achievement for the Plan year relative to the percentage of the Profitability
Goal, a percentage of Employee’s base salary, and on other terms as determined, interpreted and established in the sole
discretion of the Committee.
Section V. OTHER INCENTIVE PAYMENT TERMS
A. Payments and Deductions/Withholding Taxes .
Employer will pay an Employee the Incentive Payment on the Incentive Payment Date provided the Employee is an active
employee of Employer on that date. The amount of the Incentive Payment, if any, shall be calculated as provided in Section IV
of this Plan. Deductions may also be made at the discretion of Employer and in accordance with applicable law for any amounts
A. Committee . The Compensation Committee of the Board of Directors of LNB Bancorp, Inc., or such other committee as
such Board may designate.
Employer or Lorain National Bank . LNB Bancorp, Inc., its subsidiaries and affiliates.
Plan year . January 1, 2007 through December 31, 2007.
Employee/Key Executive . The participants selected to participate in this Plan as described in Section III below.