Common use of Discretionary Bonuses Clause in Contracts

Discretionary Bonuses. The Executive shall be entitled to participate --------------------- in an equitable manner with all other executive officers of the Holding Company in discretionary bonuses as authorized and declared by the Holding Company Board to executive employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to participate in such bonuses when and as declared by the Holding Company Board.

Appears in 3 contracts

Samples: Year Employment Agreement (Massachusetts Fincorp Inc), _____________Year Employment Agreement (Woronoco Bancorp Inc), Year Employment Agreement (Massachusetts Fincorp Inc)

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Discretionary Bonuses. The Executive shall be entitled to participate --------------------- in an equitable manner with all other executive officers of the Holding Company in discretionary bonuses as authorized and declared by the Holding Company Board to executive employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to participate in such bonuses when and as declared by the Holding Company Board.

Appears in 2 contracts

Samples: Employment Agreement (Massachusetts Fincorp Inc), Employment Agreement (Massachusetts Fincorp Inc)

Discretionary Bonuses. The Executive shall be entitled to participate --------------------- in an equitable manner with all other executive officers of the Holding Company in discretionary bonuses as authorized and declared by the Holding Company Board to executive employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to participate in such bonuses when and as declared by the Holding Company Board.

Appears in 2 contracts

Samples: Employment Agreement (First Lincoln Bancshares Inc), Year Employment Agreement (First Lincoln Bancshares Inc)

Discretionary Bonuses. The Executive shall be entitled to participate --------------------- in an equitable manner with all other executive officers of the Holding Company Employers in discretionary bonuses as authorized and declared by the Holding Company Board Boards of Directors of the Employers to its executive employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to participate in such bonuses when and as declared by the Holding Company BoardBoards of Directors.

Appears in 1 contract

Samples: Employment Agreement (Sound Financial Bancorp, Inc.)

Discretionary Bonuses. The Executive shall be entitled to participate --------------------- in an equitable manner with all other executive officers of the Holding Company in discretionary bonuses as authorized and declared by the Holding Company Board to executive employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to participate in such bonuses when and as declared by the Holding Company Board.

Appears in 1 contract

Samples: Employment Agreement (First Lincoln Bancshares Inc)

Discretionary Bonuses. The Executive shall be entitled to participate --------------------- in an equitable manner with all other executive officers of the Holding Company in discretionary bonuses as authorized and declared by the Holding Company Board of Directors to executive employeesits executives. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to participate in such bonuses when and as declared by the Holding Company BoardBoard of Directors.

Appears in 1 contract

Samples: Employment Agreement (FFW Corp)

Discretionary Bonuses. The Executive shall be entitled to participate --------------------- in an equitable manner with all other executive officers of the Holding Company in discretionary bonuses as authorized and declared by the Holding Company Board to executive employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's Executive?s right to participate in such bonuses when and as declared by the Holding Company Board.

Appears in 1 contract

Samples: Employment Agreement (Massachusetts Fincorp Inc)

Discretionary Bonuses. The Subject to the further provisions of this --- ---------------------- Agreement, during the Term of this Agreement the Executive shall be entitled to --- participate --------------------- in an equitable manner matter with all other executive officers senior executives of the Holding Company in such discretionary bonuses as authorized an may be authorized, declared and declared by paid to the Holding Company Board to executive employeesCompany's senior executives generally. No other compensation provided for in this Agreement The foregoing shall be deemed a substitute for not give the Executive's Executive the right to participate in any individualized bonus programs whether or not such bonuses when and as declared by bonus programs are applicable to any or all of the Holding Company Board.Company's other senior executives. 2.3

Appears in 1 contract

Samples: Employment Agreement (Tracker Corp of America)

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Discretionary Bonuses. The Subject to the further provisions of this --- ---------------------- Agreement, during the Term of this Agreement the Executive shall be entitled to --- participate --------------------- in an equitable manner matter with all other executive officers senior executives of the Holding Company in such discretionary bonuses as authorized an may be authorized, declared and declared by paid to the Holding Company Board to executive employeesCompany's senior executives generally. No other compensation provided for in this Agreement The foregoing shall be deemed a substitute for not give the Executive's Executive the right to participate in any individualized bonus programs whether or not such bonuses when and as declared by bonus programs are applicable to any or all of the Holding Company Board.Company's other senior executives. 2.9

Appears in 1 contract

Samples: Employment Agreement (Tracker Corp of America)

Discretionary Bonuses. The Executive shall be entitled to participate --------------------- in an equitable manner with all other executive officers of the Holding Company Association in discretionary bonuses as authorized and declared by the Holding Company Board of Directors of the Association to its executive employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's ’s right to participate in such bonuses when and as declared by the Holding Company BoardBoard of Directors.

Appears in 1 contract

Samples: Employment Agreement (Tierone Corp)

Discretionary Bonuses. The Executive shall be entitled to participate --------------------- in an equitable manner with all other executive officers of the Holding Company Employers in discretionary bonuses as authorized and declared by the Holding Company Board Boards of Directors of the Employers to its executive employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's ’s right to participate in such bonuses when and as declared by the Holding Company BoardBoards of Directors.

Appears in 1 contract

Samples: Employment Agreement (Sound Financial Bancorp, Inc.)

Discretionary Bonuses. The Executive shall be entitled to --------------------- participate --------------------- in an equitable manner with all other executive officers of the Holding Company Association in discretionary bonuses as authorized and declared by the Holding Company Board of Directors of the Association to its executive employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to participate in such bonuses when and as declared by the Holding Company BoardBoard of Directors.

Appears in 1 contract

Samples: Employment Agreement (Tierone Corp)

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