Exhibit 10.2
Addendum to Amended and Restated Participation Agreement
TD Bank 2005 Performance Based Restricted Share Unit Plan
Year Two Performance Goals (January 1, 2006 — December 31, 2006)
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| | | | | | | | | | | Illustrative Number |
| Performance Target: | | Performance Target: | | | | | | of Year Two Units |
| Percentage Growth in EPS | | 2006 EPS | | Performance Factor | | (1) |
| 4.0% | | $ | 2.58 | | | | 85 | % | | | 85 | |
| 4.4% | | $ | 2.59 | | | | 88 | % | | | 88 | |
| 4.8% | | $ | 2.60 | | | | 91 | % | | | 91 | |
| 5.2% | | $ | 2.61 | | | | 94 | % | | | 94 | |
| 5.6% | | $ | 2.62 | | | | 97 | % | | | 97 | |
| 6.0% — Performance Target | | $ | 2.63 | | | | 100 | % | | | 100 | |
| 6.5% | | $ | 2.64 | | | | 103 | % | | | 103 | |
| 6.9% | | $ | 2.65 | | | | 106 | % | | | 106 | |
| 7.3% | | $ | 2.66 | | | | 109 | % | | | 109 | |
| 7.7% | | $ | 2.67 | | | | 112 | % | | | 112 | |
| 8.0% | | $ | 2.68 | | | | 115 | % | | | 115 | |
(1) Based on an assumed Award of 300 Initial Units, which is for illustrative purposes only
Dated: January 24, 2006.
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| TD BANKNORTH INC. | | |
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| By: | | | | |
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| | Name: William J. Ryan | | |
| | Title: Chairman, President and | | |
| | Chief Executive Officer | | |
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| PARTICIPANT | | |
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| Name: | | |
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