Incentive Bonus Payments. The Executive shall be entitled to participate in cash and/or equity incentive arrangements as may be approved by the Board of Directors of the Bank and pursuant to such terms as shall be authorized by the Board of Directors of the Bank in its discretion.
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Samples: Coast Bank Employment Agreement (Atlantic Coast Financial CORP), Coast Bank Employment Agreement (Atlantic Coast Financial CORP), Coast Bank Employment Agreement (Atlantic Coast Financial CORP)
Incentive Bonus Payments. The Executive shall be entitled to receive discretionary and/or performance-based annual cash incentive/bonus payments as authorized by the Board of Directors. Executive shall also be entitled to participate in cash and/or equity incentive arrangements as may be approved by the Board of Directors shareholders of the Bank in such amounts, and pursuant to such terms terms, as shall be authorized by the Board of Directors of the Bank in its discretion.
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