Common use of Discretionary Bonus Clause in Contracts

Discretionary Bonus. The Executive shall be entitled to participate in an equitable manner with all other senior management employees of the Bank in discretionary bonuses that may be authorized and declared by the Board of Directors to its senior management executives from time to time. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to participate in such discretionary bonuses when and as declared by the Board.

Appears in 41 contracts

Samples: Employment Agreement (Osage Bancshares, Inc.), Employment Agreement (Kearny Financial Corp.), Employment Agreement (Kearny Financial Corp.)

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Discretionary Bonus. The Executive Employee shall be entitled to participate in an equitable manner with all other senior management employees of the Bank in discretionary bonuses that may be authorized and declared by the Board of Directors to its senior management executives employees from time to time. No other compensation provided for in this Agreement shall be deemed a substitute for the ExecutiveEmployee's right to participate in such discretionary bonuses when and as declared by the BoardBoard of Directors.

Appears in 31 contracts

Samples: Employment Agreement (MSB Financial Corp.), Employment Agreement (MSB Financial Corp.), Employment Agreement (MSB Financial Corp.)

Discretionary Bonus. The Executive shall be entitled to participate in an equitable manner with all other senior management employees of the Savings Bank in discretionary bonuses that may be authorized and declared by the Board of Directors to its senior management executives from time to time. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to participate in such discretionary bonuses when and as declared by the Board.

Appears in 21 contracts

Samples: Employment Agreement (Ridgewood Financial Inc), Employment Agreement (Swva Bancshares Inc), Employment Agreement (Ridgewood Financial Inc)

Discretionary Bonus. The Executive shall be entitled to participate in an equitable manner with all other senior management employees of the Bank in discretionary bonuses that may be authorized and declared by the Board of Directors to its senior management executives from time to time. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's ’s right to participate in such discretionary bonuses when and as declared by the Board.

Appears in 12 contracts

Samples: Employment Agreement (GCF Bancorp Inc), Employment Agreement (Kearny Financial Corp.), Employment Agreement (Kearny Financial Corp.)

Discretionary Bonus. The Executive shall be entitled to participate in an equitable manner with all other senior management employees of the Savings Bank in discretionary bonuses that may be authorized and declared by the Board of Directors to its senior management executives from time to time. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's ’s right to participate in such discretionary bonuses when and as declared by the Board.

Appears in 4 contracts

Samples: Employment Agreement (Eureka Financial Corp.), Employment Agreement (Eureka Financial Corp.), Employment Agreement (Eureka Financial Corp.)

Discretionary Bonus. The Executive shall be entitled to participate in an equitable manner with all other senior management employees of the Bank Parent in discretionary bonuses that may be authorized and declared by the Board of Directors to its senior management executives from time to time. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to participate in such discretionary bonuses when and as declared by the Board.

Appears in 4 contracts

Samples: Employment Agreement (Teche Holding Co), Employment Agreement (Farnsworth Bancorp Inc), Employment Agreement (Farnsworth Bancorp Inc)

Discretionary Bonus. The Executive shall be entitled to participate in an equitable manner with all other senior management employees of the Bank Company in discretionary bonuses that may be authorized and declared by the Board of Directors to its senior management executives from time to time. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's ’s right to participate in such discretionary bonuses when and as declared by the Board.

Appears in 4 contracts

Samples: Employment Agreement (Kearny Financial Corp.), Employment Agreement (Kearny Financial Corp.), Employment Agreement (Sun Bancorp Inc /Nj/)

Discretionary Bonus. The Executive shall be entitled to participate in an equitable manner with all other senior management employees of the Bank Corporation in discretionary bonuses that may be authorized and declared by the Board of Directors to its senior management executives from time to time. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's ’s right to participate in such discretionary bonuses when and as declared by the BoardBoard of Directors.

Appears in 4 contracts

Samples: Employment Agreement (Eureka Financial Corp.), Employment Agreement (Eureka Financial Corp.), Employment Agreement (Eureka Financial Corp.)

Discretionary Bonus. The Executive shall be entitled to participate in an equitable manner with all other senior management employees of the Savings Bank in discretionary bonuses that may be authorized and declared by the Board of Directors to its senior management executives from time to time. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to participate in such discretionary bonuses when and as declared by the Board.. (c)

Appears in 3 contracts

Samples: Employment Agreement (American Bancorp of New Jersey Inc), Employment Agreement (American Bancorp of New Jersey Inc), Employment Agreement (American Bancorp of New Jersey Inc)

Discretionary Bonus. The In addition to Executive’s Base Salary provided for under Paragraph 3(a) above, the Executive shall be entitled to participate in an equitable manner with all other senior management employees executives of the Bank in discretionary bonuses that may be authorized and declared by the Board of Directors to its senior management executives may award from time to timetime to the Bank’s senior management executives. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's ’s right to participate in such discretionary bonuses when and as declared by the Boardbonuses.

Appears in 3 contracts

Samples: Employment Agreement (Peoples Bancorp), Employment Agreement (Peoples Bancorp), Employment Agreement (Peoples Bancorp)

Discretionary Bonus. The Executive shall be entitled to participate in an equitable manner with all other senior management employees of the Bank Association in discretionary bonuses that may be authorized and declared by the Board of Directors to its senior management executives from time to time. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to participate in such discretionary bonuses when and as declared by the Board.

Appears in 3 contracts

Samples: Employment Agreement (First Kansas Financial Corp), Employment Agreement (First Kansas Financial Corp), Employment Agreement (First Kansas Financial Corp)

Discretionary Bonus. The Executive shall be entitled to participate in an equitable manner with all other senior management employees of the Bank company in discretionary bonuses that may be authorized and declared by the Board of Directors to its senior management executives from time to time. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to participate in such discretionary bonuses when and as declared by the Board.

Appears in 3 contracts

Samples: Employment Agreement (Tru Shrimp Companies, Inc.), Employment Agreement (Tru Shrimp Companies, Inc.), Employment Agreement (Tru Shrimp Companies, Inc.)

Discretionary Bonus. The Executive shall be entitled to participate in an equitable manner with all other senior management employees of the Bank in discretionary bonuses that may be authorized and declared by the Board of Directors to its the Bank’s senior management executives from time to time. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's ’s right to participate in such discretionary bonuses when and as declared by the Board.

Appears in 2 contracts

Samples: Support Agreement (Iberiabank Corp), Support Agreement (Iberiabank Corp)

Discretionary Bonus. The Executive shall be entitled to participate in an equitable manner with all other senior management employees of the Bank Company in discretionary bonuses that may be authorized and declared by the Board of Directors to its senior management executives from time to time. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to participate in such discretionary bonuses when and as declared by the Board.

Appears in 2 contracts

Samples: Employment Agreement (Kearny Financial Corp.), Employment Agreement (Village Financial Corp)

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Discretionary Bonus. The Executive shall be entitled to participate in an equitable manner with all other senior management employees of the Bank Savings Association in discretionary bonuses that may be authorized and declared by the Board of Directors to its senior management executives from time to time. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to participate in such discretionary bonuses when and as declared by the Board.

Appears in 2 contracts

Samples: Employment Agreement (Floridafirst Bancorp), Employment Agreement (Floridafirst Bancorp)

Discretionary Bonus. The Executive shall be entitled to participate in an equitable manner with all other senior management employees of the Bank in any discretionary bonuses bonus that may be authorized and declared by the Bank Board of Directors from time to time for its senior management executives from time to time. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to participate in such discretionary bonuses when and as declared by the Boardemployees.

Appears in 1 contract

Samples: Employment Agreement (Harrodsburg First Financial Bancorp Inc)

Discretionary Bonus. The Executive shall be entitled to participate in an equitable manner with all other senior management employees of the Bank in discretionary bonuses that may be authorized and declared by the Board of Directors to its senior management executives from time to time. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's Executive”s right to participate in such discretionary bonuses when and as declared by the Board.

Appears in 1 contract

Samples: Employment Agreement (GCF Bancorp Inc)

Discretionary Bonus. The Executive shall be entitled to participate in an equitable manner with all other senior management employees of the Bank Company in discretionary bonuses that may be authorized and declared by the Board of Directors to its senior management executives from time to time. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to participate in such discretionary bonuses when and as declared by the Board.

Appears in 1 contract

Samples: Employment Agreement (Asb Holding Co)

Discretionary Bonus. The Executive shall be entitled to participate in an equitable manner with all other senior management employees of the Bank Savings Association in discretionary bonuses that may be authorized and declared by the Board of Directors to its senior management executives from time to time. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to participate in such discretionary bonuses when and as declared by the Board.. (c)

Appears in 1 contract

Samples: Employment Agreement (Steelton Bancorp Inc)

Discretionary Bonus. The Executive shall be entitled to participate in an equitable manner with all other senior management employees of the Bank in discretionary bonuses that may be authorized and declared by the Board of Directors to its senior management executives from time to time. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to participate in such discretionary bonuses when and as declared by the Board. The Board has approved a bonus plan which pays the Executive 7.00% of the Bank's quarterly profits.

Appears in 1 contract

Samples: Employment Agreement (Community First Bancorp Inc)

Discretionary Bonus. The Executive shall be entitled to participate in an equitable manner with all other senior management employees of the Savings Bank in discretionary bonuses that may be authorized and declared by the Board of Directors to its senior management executives from time to time, and any management incentive plan that may be authorized. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to participate in such discretionary bonuses when and as declared by the Board.

Appears in 1 contract

Samples: Employment Agreement (American Financial Group Inc)

Discretionary Bonus. The Executive shall be entitled to participate in an equitable manner with all other senior management employees of the Savings Bank in discretionary bonuses that may be authorized and declared by the Board of Directors to its senior management executives from time to time, and any Management Incentive Plan that may be authorized. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to participate in such discretionary bonuses when and as declared by the Board.

Appears in 1 contract

Samples: Employment Agreement (Asb Holding Co)

Discretionary Bonus. The Executive shall be entitled to --------------------- participate in an equitable manner with all other senior management employees of the Bank Company in discretionary bonuses that may be authorized and declared by the Board of Directors to its senior management executives from time to time. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to participate in such discretionary bonuses when and as declared by the Board.

Appears in 1 contract

Samples: Employment Agreement (Synergy Financial Group Inc /Nj/)

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