Common use of Bonus and Incentive Plans Clause in Contracts

Bonus and Incentive Plans. Executive shall be entitled, during the Employment Term, to participate in and receive payments from all bonus and other incentive compensation plans (as currently in effect, as modified from time to time, or as subsequently adopted); provided, however, that nothing contained herein shall grant Executive the right to continue in any bonus or other incentive compensation plan following its discontinuance by the Board or Boards (except to the extent Executive had earned or otherwise accumulated vested rights therein prior to such discontinuance). In addition, Executive shall participate in all stock purchase, stock option, stock appreciation right, stock grant, or other stock based incentive programs of any type made available by Employers to their Executive Officers. The Employers shall not make any changes in such plans, benefits or privileges which would adversely affect Executive's rights or benefits thereunder, unless such change occurs pursuant to a program applicable to all Executive Officers of the Employers and does not result in a proportionately greater adverse change in the rights and benefits of Executive as compared with other Executive Officers.

Bonus and Incentive Plans. Executive shall be entitled, during the Employment Term, to participate in and receive payments from all Bank bonus and other incentive compensation plans (as currently in effect, as modified from time to time, or as subsequently adopted); provided, however, that nothing contained herein shall grant Executive the right to continue in any bonus or other incentive compensation plan following its discontinuance by the Board or Boards (except to the extent Executive had earned or otherwise accumulated vested rights therein prior to such discontinuance). In addition, Executive shall participate in all stock purchase, stock option, stock appreciation right, stock grant, or other stock based incentive programs of any type made available by Employers the Bank to their Executive Officers. The Employers Employer shall not make any changes in such plans, benefits or privileges which would adversely affect Executive's rights or benefits thereunder, unless such change occurs pursuant to a program applicable to all Executive Officers of the Employers Bank and does not result in a proportionately greater adverse change in the rights and benefits of Executive as compared with other Executive Officers.

Bonus and Incentive Plans. Executive shall be entitled, during the Employment Term, to participate in and receive payments from all bonus and other incentive compensation plans (as currently in effect, as modified from time to time, or as subsequently adopted); provided, however, that nothing contained herein shall grant Executive the right to continue in any bonus or other incentive compensation plan following its discontinuance by the Board or Boards (except to the extent Executive had earned or otherwise accumulated vested rights therein prior to such discontinuance). In addition, Executive shall participate in all stock purchase, stock option, stock appreciation right, stock grant, or other stock based incentive programs of any type made available by Employers to their Executive Officers. The Employers shall not make any changes in such plans, benefits or privileges which would adversely affect Executive's ’s rights or benefits thereunder, unless such change occurs pursuant to a program applicable to all Executive Officers of the Employers and does not result in a proportionately greater adverse change in the rights and benefits of Executive as compared with other Executive Officers.

Bonus and Incentive Plans. Executive shall be entitled, during the Employment Term, to participate in and receive payments from all bonus and other incentive compensation plans of the Bank (as currently in effect, as modified from time to time, or as subsequently adopted); provided, however, that nothing contained herein shall grant Executive the right to continue in any bonus or other incentive compensation plan following its discontinuance by the Board or Boards (except to the extent Executive had earned or otherwise accumulated vested rights therein prior to such discontinuance). In addition, Executive shall participate in all stock purchase, stock option, stock appreciation right, stock grant, or other stock based incentive programs of any type made available by Employers the Bank or Bank to their Executive Officers. The Employers Employer shall not make any changes in such plans, benefits or privileges which would adversely affect Executive's rights or benefits thereunder, unless such change occurs pursuant to a program applicable to all of their Executive Officers of the Employers Employer and does not result in a proportionately greater adverse change in the rights and benefits of Executive as compared with other Executive Officers.

Bonus and Incentive Plans. Executive shall be entitled, during the Employment Term, to participate at an appropriate level in and receive payments from all bonus and other incentive compensation plans (as currently in effect, as modified from time to time, or as subsequently adopted); provided, however, that nothing contained herein shall grant Executive the right to continue in any bonus or other incentive compensation plan following its discontinuance by the Board or Boards (except to the extent Executive had earned or otherwise accumulated vested rights therein prior to such discontinuance). In addition, Executive shall participate in all stock purchase, stock option, stock appreciation right, stock grant, or other stock based incentive programs of any type made available by Employers to their Executive Officers. The Employers shall not make any changes in such plans, benefits or privileges which would adversely affect Executive's rights or benefits thereunder, unless such change occurs pursuant to a program applicable to all Executive Officers of the Employers and does not result in a proportionately greater adverse change in the rights and benefits of Executive as compared with other Executive Officers.

Bonus and Incentive Plans. Executive shall be entitled, during the Employment Term, to participate at an appropriate level in and receive payments from all bonus and other incentive compensation plans (as currently in effect, as modified from time to time, or as subsequently adopted); provided, however, that nothing contained herein shall grant Executive the right to continue in any bonus or other incentive compensation plan following its discontinuance by the Board or Boards (except to the extent Executive had earned or otherwise accumulated vested rights therein prior to such discontinuance). In addition, Executive shall participate in all stock purchase, stock option, stock appreciation right, stock grant, or other stock based incentive programs of any type made available by Employers to their Executive Officers. The Employers shall not make any changes in such plans, benefits or privileges which would adversely affect Executive's rights or benefits thereunder, unless such change occurs pursuant to a program applicable to all Executive Officers officers of the Employers and does not result in a proportionately greater adverse change in the rights and benefits of Executive as compared with other Executive Officers.