COMPENSATION DEFINITION. “Compensation” means the sum of the highest annual rate of base salary (described in Section 3.2) and highest cash bonus (described in Section 3.3) paid to Executive during the most recent twenty-four (24) months of the Term.
Appears in 2 contracts
Samples: Employment Agreement (Pennsylvania Commerce Bancorp Inc), Employment Agreement (Metro Bancorp, Inc.)
COMPENSATION DEFINITION. “Compensation” means the sum of the highest annual rate of base salary (described in Section 3.2) and highest cash bonus (described in Section 3.3) paid to Executive Hill during the most recent twenty-four (24) months of the Term.
Appears in 1 contract
COMPENSATION DEFINITION. “Compensation” means the sum of the highest annual rate of base salary (described in Section 3.2) and highest cash bonus (described in Section 3.3) paid to Executive during the most recent twenty-four (24) months of the Termemployment by RFB and/or Commerce.
Appears in 1 contract
Samples: Employment Agreement (Pennsylvania Commerce Bancorp Inc)
COMPENSATION DEFINITION. “Compensation” " means the sum of the highest annual rate of base salary compensation (described in Section 3.2) and highest cash bonus (described in Section 3.3) paid to Executive Hill during the most recent twenty-four (24) months of the Term.
Appears in 1 contract
