Common use of Long-Term Incentive Plans Clause in Contracts

Long-Term Incentive Plans. During the Term, Executive shall be entitled to participate in any long-term or equity incentive plans available to other Peer Executives, and on the same basis as such Peer Executives, subject to eligibility requirements and terms and conditions of each such plan, provided that nothing herein shall limit the ability of Company and/or Bank to amend, modify or terminate any such plans at any time and from time to time. Subject to the vesting and performance requirements as the Compensation Committee may require, the initial base value of Executive’s potential long-term incentive plan award shall be $255,000, with a maximum payout of 150% of such amount, which number shall be reviewed by the Compensation Committee annually and may be adjusted based on such review. Notwithstanding the foregoing, for the period ending December 31, 2023, Executive shall be entitled to receive a long-term incentive award equal to 60% of the initial base value as provided pursuant to this Section 4(c). 6

Appears in 1 contract

Samples: Employment Agreement (FB Financial Corp)

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Long-Term Incentive Plans. During the Term, Executive shall be entitled to participate in any long-term or equity incentive plans available to other Peer Executives, and on the same basis as such Peer Executives, subject to eligibility requirements and terms and conditions of each such plan, provided that nothing herein shall limit the ability of Company and/or Bank to amend, modify or terminate any such plans at any time and from time to time. Subject to the vesting and performance requirements as the Compensation Committee may require, the initial base value of Executive’s potential long-term incentive plan award shall be $255,000, with a maximum payout of 150% of such amount, which number shall be reviewed by the Compensation Committee annually and may be adjusted based on such review. Notwithstanding the foregoing, for the period ending December 31, 2023, Executive shall be entitled to receive a long-term incentive award equal to 60% of the initial base value as provided pursuant to this Section 4(c). 6.

Appears in 1 contract

Samples: Employment Agreement (FB Financial Corp)

Long-Term Incentive Plans. During the Term, Executive shall be entitled to participate in any long-term or equity incentive plans available to other Peer Executives, and on the same basis as such Peer Executives, subject to eligibility requirements and terms and conditions of each such plan, ; provided that nothing herein shall limit the ability of Company and/or Bank to amend, modify or terminate any such plans at any time and from time to time. Subject to the vesting and performance requirements as the Compensation Committee may require, the initial base value of Executive’s potential long-term incentive plan award shall be $255,000, 176,000 with a maximum payout of 150% of such amount, which number shall be reviewed by the Compensation Committee annually and may be adjusted based on such review. Notwithstanding the foregoing, for the period ending December 31, 2023, Executive shall be entitled to receive a long-term incentive award equal to 60% of the initial base value as provided pursuant to this Section 4(c). 6.

Appears in 1 contract

Samples: Employment Agreement (FB Financial Corp)

Long-Term Incentive Plans. During the Term, Executive shall be entitled to participate in any long-term or equity incentive plans available to other Peer Executives, and on the same basis as such Peer Executives, subject to eligibility requirements and terms and conditions of each such plan, ; provided that nothing herein shall limit the ability of Company and/or Bank to amend, modify or terminate any such plans at any time and from time to time. Subject to the vesting and performance requirements as the Compensation Committee may require, the initial base value of Executive’s potential long-term incentive plan award shall be $255,000, 175,000 with a maximum payout of 150% of such amount, which number shall be reviewed by the Compensation Committee annually and may be adjusted based on such review. Notwithstanding the foregoing, for For the period ending December 31, 20232021, Executive shall be entitled to receive a long-term incentive award equal to 60% pro rata portion of the initial base value as award provided pursuant to this Section 4(c). 6(d)

Appears in 1 contract

Samples: Employment Agreement (FB Financial Corp)

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Long-Term Incentive Plans. During the Term, Executive shall be entitled to participate in any long-term or equity incentive plans available to other Peer Executives, and on the same basis as such Peer Executives, subject to eligibility requirements and terms and conditions of each such plan, ; provided that nothing herein shall limit the ability of Company and/or Bank to amend, modify or terminate any such plans at any time and from time to time. Subject to the vesting and performance requirements as the Compensation Committee may require, the initial base value of the Executive’s potential long-term incentive plan award shall be $255,0001,250,000, with a maximum payout of 150200% of such amount, which number shall be reviewed by the Compensation Committee annually and may be adjusted based on such review. Notwithstanding the foregoing, for the period ending December 31, 2023, Executive shall be entitled to receive a long-term incentive award equal to 60% of the initial base value as provided pursuant to this Section 4(c). 6.

Appears in 1 contract

Samples: Employment Agreement (FB Financial Corp)

Long-Term Incentive Plans. During the Term, Executive shall be entitled to participate in any long-term or equity incentive plans available to other Peer Executives, and on the same basis as such Peer Executives, subject to eligibility requirements and terms and conditions of each such plan, ; provided that nothing herein shall limit the ability of Company and/or Bank to amend, modify or terminate any such plans at any time and from time to time. Subject to the vesting and performance requirements as the Compensation Committee may require, the initial base value of the Executive’s potential long-long­ term incentive plan award shall be equal $255,000, with a maximum payout of 150% of such amount250,000, which number shall be reviewed by the Compensation Committee annually and may be adjusted based on such review. Notwithstanding the foregoing, for the period ending December 31, 2023, Executive shall be entitled to receive a long-term incentive award equal to 60% of the initial base value as provided pursuant to this Section 4(c). 6.

Appears in 1 contract

Samples: Employment Agreement (FB Financial Corp)

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