Common use of Discretionary Bonuses Clause in Contracts

Discretionary Bonuses. The Employee shall participate in an equitable manner with all other senior management employees of the Bank in discretionary bonuses that the Board may award from time to time to the Bank’s senior management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Employee’s right to participate in such discretionary bonuses.

Appears in 17 contracts

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

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Discretionary Bonuses. The Employee shall participate in an --------------------- equitable manner with all other senior management employees of the Bank in discretionary bonuses that the Board may award from time to time to the Bank’s 's senior management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Employee’s 's right to participate in such discretionary bonuses.

Appears in 12 contracts

Samples: Employment Agreement (Illinois Community Bancorp Inc), Employment Agreement (First Missouri Bancshares Inc), Employment Agreement (First Missouri Bancshares Inc)

Discretionary Bonuses. The Employee shall participate in an equitable manner with all other senior management employees of the Bank Company in discretionary bonuses that the Board may award from time to time to the Bank’s Company's senior management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Employee’s 's right to participate in such discretionary bonuses.

Appears in 12 contracts

Samples: Employment Agreement (Hopfed Bancorp Inc), Employment Agreement (Southfirst Bancshares Inc), Employment Agreement (Southfirst Bancshares Inc)

Discretionary Bonuses. The Employee shall participate in an equitable manner with all other senior management employees of the Bank Company in discretionary bonuses that the Board may award from time to time to the BankCompany’s senior management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Employee’s right to participate in such discretionary bonuses.

Appears in 10 contracts

Samples: Employment Agreement (Hopfed Bancorp Inc), Employment Agreement (Hopfed Bancorp Inc), Employment Agreement (Southfirst Bancshares Inc)

Discretionary Bonuses. The Employee shall participate in an equitable manner with all other senior management employees of the Bank Association in discretionary bonuses that the Board may award from time to time to the Bank’s Association's senior management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Employee’s 's right to participate in such discretionary bonuses.

Appears in 8 contracts

Samples: Agreement (Southfirst Bancshares Inc), Agreement (Southfirst Bancshares Inc), Employment Agreement (Southfirst Bancshares Inc)

Discretionary Bonuses. The Employee shall participate in an equitable --------------------- manner with all other senior management employees of the Bank in discretionary bonuses that the Board may award from time to time to the Bank’s 's senior management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Employee’s 's right to participate in such discretionary bonuses.

Appears in 7 contracts

Samples: Employment Agreement (North Arkansas Bancshares Inc), Employment Agreement (Sandwich Bancorp Inc), Agreement (Firstfed Bancorp Inc)

Discretionary Bonuses. The Employee shall participate in an equitable manner with all other senior management employees of the Bank in discretionary bonuses that the Board may award from time to time to the Bank’s 's senior management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Employee’s 's right to participate in such discretionary bonuses.

Appears in 6 contracts

Samples: Employment Agreement (Hopfed Bancorp Inc), Employment Agreement (Hopfed Bancorp Inc), Employment Agreement (Kentucky First Bancorp Inc)

Discretionary Bonuses. The Employee shall participate in an --------------------- equitable manner with all other senior management employees of the Bank Holding Company in discretionary bonuses that the Board may award from time to time to the Bank’s Holding Company's senior management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Employee’s 's right to participate in such discretionary bonuses.

Appears in 4 contracts

Samples: Employment Agreement (First Missouri Bancshares Inc), Employment Agreement (First Missouri Bancshares Inc), Employment Agreement (First Missouri Bancshares Inc)

Discretionary Bonuses. The Employee shall participate in an --------------------- equitable manner with all other senior management employees of the Bank Company in discretionary bonuses that the Board may award from time to time to the Bank’s Company's senior management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Employee’s 's right to participate in such discretionary bonuses.

Appears in 4 contracts

Samples: Employment Agreement (Rocky Ford Financial Inc), Employment Agreement (First Lancaster Bancshares Inc), Employment Agreement (Newsouth Bancorp Inc)

Discretionary Bonuses. The Employee shall participate in an equitable --------------------- manner with all other senior management employees of the Bank in discretionary bonuses that the Board may award from time to time to the Bank’s 's senior management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Employee’s 's right to participate in such discretionary bonuses.. 4. (a)

Appears in 2 contracts

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

Discretionary Bonuses. The Employee shall participate in an equitable ---------------------- manner with all other senior management employees of the Bank in discretionary bonuses that the Board may award from time to time to the Bank’s 's senior management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Employee’s 's right to participate in such discretionary bonuses.

Appears in 2 contracts

Samples: Agreement (Tri County Financial Corp /Md/), Employment Agreement (First Lancaster Bancshares Inc)

Discretionary Bonuses. The Employee shall participate in an equitable manner with all other senior management employees of the Bank and the Company in discretionary bonuses that the Board may award from time to time to the Bank’s Bank and the Company's senior management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Employee’s 's right to participate in such discretionary bonuses.

Appears in 2 contracts

Samples: Extension Agreement (Eagle Bancshares Inc), Eagle Bancshares Inc

Discretionary Bonuses. The Employee shall participate in an equitable manner with all other senior management employees of the Bank in discretionary bonuses that the Board may award from time to time to the Bank’s its senior management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Employee’s right to participate in such discretionary bonuses.

Appears in 2 contracts

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

Discretionary Bonuses. The Employee shall participate in an any equitable manner with all other senior management employees of the Bank and/or the Company in discretionary bonuses that the their respective Board of Directors may award from time to time to the Bank’s its senior management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Employee’s 's right to participate in such discretionary bonuses.

Appears in 1 contract

Samples: Employment Agreement (Premier National Bancorp Inc)

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Discretionary Bonuses. The Employee shall participate in an equitable manner with all other senior management employees of the Bank in discretionary bonuses that the Bank Board may award from time to time to the Bank’s 's senior management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Employee’s 's right to participate in such discretionary bonuses.

Appears in 1 contract

Samples: Employment Agreement (First South Bancorp Inc /Va/)

Discretionary Bonuses. The Employee shall participate in an equitable manner with all other senior management employees of the Bank in discretionary bonuses that the Board of Directors of the Bank ("Board") may award from time to time to the Bank’s 's senior management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Employee’s 's right to participate in such discretionary bonuses.

Appears in 1 contract

Samples: Employment Agreement (Hopfed Bancorp Inc)

Discretionary Bonuses. The Employee 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 may award of Directors to its senior management employees from time to time to the Bank’s senior management employeestime. No other compensation provided for in this Agreement shall be deemed a substitute for the Employee’s 's right to participate in such discretionary bonusesbonuses when and as declared by the Board of Directors.

Appears in 1 contract

Samples: Employment Agreement (CFS Bancshares Inc)

Discretionary Bonuses. The Employee shall participate in an --------------------- equitable manner with all other senior management employees of the Bank in discretionary bonuses that the Bank Board may award from time to time to the Bank’s 's senior management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Employee’s 's right to participate in such discretionary bonuses.. 2

Appears in 1 contract

Samples: Employment Agreement (Cooperative Bankshares Inc)

Discretionary Bonuses. The Employee shall participate in an equitable manner ---------------------- with all other senior management employees of the Bank in discretionary bonuses that the Board may award from time to time to the Bank’s 's senior management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Employee’s 's right to participate in such discretionary bonuses.

Appears in 1 contract

Samples: Agreement (Ez Bancorp Inc)

Discretionary Bonuses. The Employee shall participate in an equitable manner with all other senior management employees of the Bank in discretionary bonuses that the Board may award from time to time to the Bank’s senior management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Employee’s right to participate in such discretionary bonuses. Any annual bonus awarded to the Employee will be paid to him no later than March 15 following the fiscal year in which the bonus was earned.

Appears in 1 contract

Samples: Employment Agreement (Hopfed Bancorp Inc)

Discretionary Bonuses. The Employee shall participate in an equitable --------------------- manner with all other senior management employees of the Bank and/or the Company in discretionary bonuses that the their respective Board of Directors may award from time to time to the Bank’s its senior management employees. No other compensation provided for in this Agreement agreement shall be deemed a substitute for the Employee’s 's right to participate in such discretionary bonuses.

Appears in 1 contract

Samples: Employment Agreement (Hudson Chartered Bancorp Inc)

Discretionary Bonuses. The Employee shall participate in at least an equitable manner with all other senior management employees of the Bank in discretionary bonuses that the Board of Directors may award from time to time to the Bank’s senior management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Employee’s right to participate in such discretionary bonuses.

Appears in 1 contract

Samples: Employment Agreement (Patapsco Bancorp Inc)

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