Common use of Bonus and Incentive Compensation Clause in Contracts

Bonus and Incentive Compensation. Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

Appears in 63 contracts

Samples: Employment Agreement (PFS Bancorp, Inc.), Employment Agreement (West End Indiana Bancshares, Inc.), Employment Agreement (FFBW, Inc. /MD/)

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Bonus and Incentive Compensation. Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank Association or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

Appears in 15 contracts

Samples: Employment Agreement (Oconee Federal Financial Corp.), Employment Agreement (Poage Bankshares, Inc.), Employment Agreement (Poage Bankshares, Inc.)

Bonus and Incentive Compensation. Executive shall be entitled to equitable participation in incentive compensation compensation, bonuses and bonuses long-term incentives in any plan or arrangement of the Bank or the Company Employer in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

Appears in 13 contracts

Samples: Employment Agreement (First Interstate Bancsystem Inc), Employment Agreement (First Interstate Bancsystem Inc), Employment Agreement (First Interstate Bancsystem Inc)

Bonus and Incentive Compensation. Executive shall will be entitled to equitable participation in incentive compensation and bonuses as provided in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

Appears in 11 contracts

Samples: Employment Agreement (ESSA Bancorp, Inc.), Employment Agreement (ESSA Bancorp, Inc.), Employment Agreement (ESSA Bancorp, Inc.)

Bonus and Incentive Compensation. Executive shall be entitled to equitable participation in incentive compensation and bonuses as provided in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

Appears in 10 contracts

Samples: Employment Agreement (Beacon Federal Bancorp, Inc.), Employment Agreement (Beacon Federal Bancorp, Inc.), Employment Agreement (Beacon Federal Bancorp, Inc.)

Bonus and Incentive Compensation. Executive shall will be entitled to equitable participation in incentive compensation and bonuses as provided in any plan or arrangement of the Bank or the Company Employer in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

Appears in 7 contracts

Samples: Employment Agreement (ESSA Bancorp, Inc.), Employment Agreement (ESSA Bancorp, Inc.), Employment Agreement (ESSA Bancorp, Inc.)

Bonus and Incentive Compensation. Executive shall be entitled to equitable participation in incentive compensation and bonuses as provided in any plan or arrangement of the Bank or the Company Employer in which Executive is eligible to participateparticipate or as agreed to by the Bank and the Executive. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement. Subject to the terms of the relevant plan documents, payments of bonuses and incentive compensation are dependent on the Board’s review of Executive’s performance for the relevant period and shall be paid at the Board’s discretion.

Appears in 6 contracts

Samples: Employment Agreement (Atlantic Coast Federal Corp), Employment Agreement (Atlantic Coast Federal Corp), Employment Agreement (Atlantic Coast Federal Corp)

Bonus and Incentive Compensation. Executive shall will be entitled to equitable participation participate in any cash or equity-based incentive compensation and bonuses in any plan or arrangement of bonus plans or programs as the Bank or the Company in which Executive is eligible Employer may make available to participatesenior executive officers from time to time. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

Appears in 5 contracts

Samples: Employment Agreement (Evans Bancorp Inc), Employment Agreement (Evans Bancorp Inc), Employment Agreement (Evans Bancorp Inc)

Bonus and Incentive Compensation. Executive shall will be entitled to equitable participation participate in any incentive compensation and bonuses in any plan bonus plans or arrangement arrangements of the Bank Bank. Such incentive compensation will be paid in accordance with the terms of such plans or arrangements, or on a discretionary basis by the Company in which Executive is eligible to participateBoard or a Committee designated by the Board. Nothing paid to Executive under any such plan plans or arrangement arrangements will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

Appears in 4 contracts

Samples: Employment Agreement (Cape Bancorp, Inc.), Employment Agreement (Cape Bancorp, Inc.), Employment Agreement (Cape Bancorp, Inc.)

Bonus and Incentive Compensation. Executive shall will be entitled to equitable participation participate in any incentive compensation and bonuses in any plan bonus plans or arrangement arrangements of the Bank Bank. Such incentive compensation will be paid in cash in accordance with the terms of such plans or arrangements, or on a discretionary basis by the Company in which Executive is eligible to participateBoard or a Committee designated by the Board. Nothing paid to Executive under any such plan plans or arrangement arrangements will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

Appears in 4 contracts

Samples: Employment Agreement (OBA Financial Services, Inc.), Employment Agreement (OmniAmerican Bancorp, Inc.), Employment Agreement (OmniAmerican Bancorp, Inc.)

Bonus and Incentive Compensation. Executive shall be entitled to equitable participation in incentive compensation and bonuses as provided in any plan or arrangement of the Bank or the Company Employer in which Executive is eligible to participateparticipate or as agreed to by the Bank and the Executive. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement. Subject to the terms of the relevant plan documents, payments of bonuses and incentive compensation are dependent on the Board's review of Executive's performance for the relevant period and shall be paid at the Board's discretion.

Appears in 4 contracts

Samples: Employment Agreement (Atlantic Coast Federal Corp), Employment Agreement (Atlantic Coast Federal Corp), Employment Agreement (Atlantic Coast Federal Corp)

Bonus and Incentive Compensation. Executive shall will be entitled to equitable participation participate in any incentive compensation and bonuses bonus plans or arrangements of Employer. Such incentive compensation will be paid in any plan cash or arrangement stock in accordance with the terms of such plans or arrangements, or on a discretionary basis by the Bank or the Company in which Executive is eligible to participateCommittee. Nothing paid to Executive under any such plan plans or arrangement arrangements will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Campello Bancorp, Inc.), Employment Agreement (Campello Bancorp, Inc.), Employment Agreement (Campello Bancorp, Inc.)

Bonus and Incentive Compensation. Executive shall will be entitled to equitable participation participate in any incentive compensation and bonuses in any plan bonus plans or arrangement arrangements of the Bank Employer. Such incentive compensation will be paid in cash in accordance with the terms of such plans or arrangements, or on a discretionary basis by the Company in which Executive is eligible to participateCommittee. Nothing paid to Executive under any such plan plans or arrangement arrangements will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Legacy Bancorp, Inc.), Employment Agreement (Legacy Bancorp, Inc.), Employment Agreement (Legacy Bancorp, Inc.)

Bonus and Incentive Compensation. Executive shall be entitled eligible to equitable participation in receive incentive compensation and bonuses on the terms set forth in any plan or arrangement of the Bank or the Company Employer in which Executive is eligible the Company’s senior executives participate or as agreed to participateby the Employer and the Executive. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Atlantic Coast Financial CORP), Employment Agreement (Atlantic Coast Financial CORP), Employment Agreement (Atlantic Coast Federal Corp)

Bonus and Incentive Compensation. Executive shall be entitled to equitable participation in incentive compensation and bonuses as provided in any plan or arrangement of the Bank or the Company in which Executive is eligible to participateparticipate or as agreed to by the Bank and the Executive. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement. Subject to the terms of the relevant plan documents, payments of bonuses and incentive compensation are dependent on the Board's review of Executive's performance for the relevant period and shall be paid at the Board's discretion.

Appears in 2 contracts

Samples: Employment Agreement (Atlantic Coast Federal Corp), Employment Agreement (Atlantic Coast Federal Corp)

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Bonus and Incentive Compensation. Executive shall will be entitled to equitable participation participate in any incentive compensation and bonuses bonus plans or arrangements of Employer applicable to officers or employees of comparable position and tenure with the Bank. Such incentive compensation will be paid in any plan cash or arrangement stock in accordance with the terms of such plans or arrangements, or on a discretionary basis by the Bank or the Company in which Executive is eligible to participateCommittee. Nothing paid to Executive under any such plan plans or arrangement arrangements will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Campello Bancorp, Inc.), Employment Agreement (Campello Bancorp, Inc.)

Bonus and Incentive Compensation. Executive shall be entitled to equitable participation in incentive compensation compensation, bonuses, and bonuses long-term incentives in any plan or arrangement of the Bank or the Company Employer in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (First Interstate Bancsystem Inc), Employment Agreement (First Interstate Bancsystem Inc)

Bonus and Incentive Compensation. Executive shall be entitled to equitable participation participate in any incentive compensation and bonuses in any plan bonus plans or arrangement arrangements of the Bank or the Company in which Executive is eligible to participateBank. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Cape Bancorp, Inc.), Employment Agreement (Cape Bancorp, Inc.)

Bonus and Incentive Compensation. Executive shall be entitled to equitable participation in incentive compensation and bonuses as provided in any plan or arrangement of the Bank or the Company in which Executive is eligible to participateparticipate or as agreed to by the Bank and the Executive. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement. Subject to the terms of the relevant plan documents, payments of bonuses and incentive compensation are dependent on the Board’s review of Executive’s performance for the relevant period and shall be paid at the Board’s discretion.

Appears in 2 contracts

Samples: Employment Agreement (Atlantic Coast Federal Corp), Employment Agreement (Atlantic Coast Financial CORP)

Bonus and Incentive Compensation. Executive shall will be entitled to equitable participation participate in any incentive compensation and bonuses bonus plans or arrangements of Employers. Such incentive compensation will be paid in any plan cash or arrangement stock in accordance with the terms of such plans or arrangements, or on a discretionary basis by the Bank or the Company in which Executive is eligible to participateCommittee. Nothing paid to Executive under any such plan plans or arrangement arrangements will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Provident Financial Services Inc), Employment Agreement (Provident Financial Services Inc)

Bonus and Incentive Compensation. Executive shall will be entitled to equitable participation participate in any incentive compensation and bonuses in any plan bonus plans or arrangement arrangements of the Bank Association. Such incentive compensation will be paid in cash in accordance with the terms of such plans or arrangements, or on a discretionary basis by the Company in which Executive is eligible to participateBoard or a Committee designated by the Board. Nothing paid to Executive under any such plan plans or arrangement arrangements will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (St. Joseph Bancorp, Inc.), Employment Agreement (St. Joseph Bancorp, Inc.)

Bonus and Incentive Compensation. Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (PFS Bancorp, Inc.)

Bonus and Incentive Compensation. Executive shall be entitled to equitable participation in incentive compensation and bonuses as provided in any plan or arrangement of the Bank or the Company in which Executive is eligible to participateparticipate or as agreed to by the Bank and the Executive. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Atlantic Coast Financial CORP)

Bonus and Incentive Compensation. Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the {Clients/1379/00388717.DOCX/ } 2 Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Cullman Bancorp, Inc. /MD/)

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