Common use of Incentive Plans Clause in Contracts

Incentive Plans. During the Employment Period, Executive shall be entitled (i) to participate in all of executive management incentive plans of the Employer, and any successor or substitute plans; (ii) to participate in long-term incentive plans of the Employer, and any successor or substitute plans; and, (iii) to participate in all stock option, stock grant and similar plans of the Employer, and any successor or substitute plans, in each of the foregoing cases in at least as favorable a manner as any participant who is a member of the senior executive management of the Employer at the same level as Executive.

Appears in 13 contracts

Samples: Employment and Change of Control Agreement (Newbridge Bancorp), Employment and Change of Control Agreement (Newbridge Bancorp), Employment and Change (Newbridge Bancorp)

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Incentive Plans. During the Employment Period, Executive shall be entitled (i) to participate in all of executive management incentive plans of the Employer, and any successor or substitute plans; (ii) to participate in long-term incentive plans of the Employer, and any successor or substitute plans; and, (iii) to participate in all stock option, stock grant and similar plans of the Employer, and any successor or substitute plans, in each of the foregoing cases in at least as favorable a manner as any participant who is a member of the senior executive management of the Employer at the same level as ExecutiveEmployer.

Appears in 7 contracts

Samples: Employment and Change (Newbridge Bancorp), Employment and Change (Macon Financial Corp.), Employment and Change (Macon Financial Corp.)

Incentive Plans. During the Employment Period, Executive shall be entitled (i) to participate in all of executive management annual incentive compensation plans of the Employer, and any successor or substitute plans; (ii) to participate in long-term incentive compensation plans of the Employer, and any successor or substitute plans; and, (iii) to participate in all stock option, stock grant grant, stock unit, performance unit and similar plans of the Employer, and any successor or substitute plans, in each of the foregoing cases in at least as favorable a manner as any participant who is a member of the senior executive management of the Employer at the same level as ExecutiveEmployer.

Appears in 4 contracts

Samples: Employment and Change (Newbridge Bancorp), Employment and Change (Newbridge Bancorp), Employment and Change (Newbridge Bancorp)

Incentive Plans. During the Employment Period, Executive shall be entitled (i) to participate in all of the executive management incentive plans of the Employer, and any successor or substitute plans; (ii) to participate in long-term incentive plans of the Employer, and any successor or substitute plans; and, (iii) to participate in all stock ownership, stock option, stock grant and similar plans of the Employer, and any successor or substitute plansplans (collectively, the “Incentive Plans”), in each of the foregoing cases in at least as favorable a manner as any participant who is a member of the case provided that senior executive management of the Employer at the same level as Executiveis eligible to participate therein.

Appears in 3 contracts

Samples: Employment Agreement (Peoples Bancorp of North Carolina Inc), Employment Agreement (Peoples Bancorp of North Carolina Inc), Employment Agreement (Peoples Bancorp of North Carolina Inc)

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Incentive Plans. During the Employment Period, Executive shall be entitled (i) to participate in all of executive management annual incentive compensation plans of the Employer, and any successor or substitute plans; (ii) to participate in all long-term incentive compensation plans of the Employer, and any successor or substitute plans; and, (iii) to participate in all stock option, stock grant grant, stock unit, and/or performance unit plans and similar plans of the Employer, and any successor or substitute plans, in each of the foregoing cases in at least as favorable a manner as any participant who is a member of the senior executive management of the Employer at the same level as ExecutiveEmployer.

Appears in 1 contract

Samples: Employment and Change (Newbridge Bancorp)

Incentive Plans. During the Employment Period, Executive shall be entitled (i) to participate in all of executive management incentive plans of the Employer, and any successor or substitute plans; (ii) to participate in all long-term incentive plans of the Employer, and any successor or substitute plans; and, (iii) to participate in all stock option, stock grant and similar plans of the Employer, and any successor or substitute plans, in each of the foregoing cases in at least as favorable a manner as any participant who is a member of the senior executive management of the Employer at the same level as ExecutiveEmployer.

Appears in 1 contract

Samples: Employment and Change (Newbridge Bancorp)

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