Short-Term and Long-Term Incentive Compensation. The Executive will be eligible to receive annual cash and equity bonus compensation. The annual bonus threshold, target and maximum levels for the Executive for calendar year 2014 are described on Attachment A. Additionally, the Executive will be eligible to participate in the Company’s 2012 Other Equity-Based Award Plan, as amended (the “2012 LTIP Plan”) and any subsequent equity incentive plan approved by the Board (each and any of the foregoing is a “Company Incentive Plan”) for long-term equity incentive compensation (any equity compensation granted to the Executive by the Company, whether under a Company Incentive Plan or otherwise approved by the Board, and whether in the form of restricted stock, stock options, long-term incentive plan units, stock appreciation rights or other equity or equity-linked awards, is, collectively, “Equity Compensation”). The Equity Compensation threshold, target and maximum award levels for the Executive for calendar year 2014 are set forth on Attachment A. The terms of the Executive’s annual bonus compensation, any Company Incentive Plan and any awards made under such programs will be subject to the approval of the Board or the Compensation Committee.
Short-Term and Long-Term Incentive Compensation. During the term of this Agreement, the Employee shall participate in (a) the short-term incentive (annual bonus) plan generally applicable to the Bank’s or Corporation’s senior management employees, with a target annual bonus of not less than 35% of base salary, and (b) the long-term incentive equity plan generally applicable to the Bank’s or Corporation’s senior management employees with a target annual grant value of not less than 40% of base salary. The Employee shall further participate in an equitable manner with all other senior management employees of the Company in any discretionary bonuses that the Company may award from time to time to 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.
Short-Term and Long-Term Incentive Compensation. (A) In addition to the foregoing Base Salary, for each fiscal year during his employment hereunder, the Executive shall be eligible to receive a cash bonus as may be determined by the Board of the Employer or pursuant to any short-term incentive compensation plan for senior executives of the Employer that may be adopted in the future by the Board in its discretion. Cash bonuses shall be paid as directed by the Board of the Employer. (B) The Executive shall also be eligible during his employment hereunder to participate in any long-term and/or equity-based incentive compensation plan or program that may be adopted by the Board for senior executives of the Employer, in accordance with the terms of such plans or programs, as may be amended from time to time by the Board in its discretion.
Short-Term and Long-Term Incentive Compensation. Executive shall be entitled to participate in any short-term or long-term incentive compensation programs established by the Company for its senior level executives generally, depending upon achievement of certain individual or business performance objectives specified and approved by the Board (or a Committee thereof) in its sole discretion. 2.
Short-Term and Long-Term Incentive Compensation. (A) In addition to the foregoing Base Salary, for each fiscal year during his employment hereunder, the Executive shall be eligible to receive a cash bonus as may be recommended by the Chief Executive Officer and President of NSTS and determined by the Board of the Employer or pursuant to any short-term incentive compensation plan for senior executives of the Employer that may be adopted in the future by the Board in its discretion. Cash bonuses shall be paid as directed by the Board of the Employer. (B) The Executive shall also be eligible during his employment hereunder to participate in any long-term and/or equity-based incentive compensation plan or program that may be adopted by the Board for senior executives of the Employer, in accordance with the terms of such plans or programs, as may be amended from time to time by the Board in its discretion.
Short-Term and Long-Term Incentive Compensation. During the Term of this Agreement, the Employee shall participate in (a) the short-term incentive (annual bonus) plan generally applicable to the Bank’s or Corporation’s senior management employees, with a target annual bonus of not less than 35% of base salary for the calendar year 2023 and not less than 60% of base salary for calendar years thereafter, and (b) the long-term incentive equity plan generally applicable to the Bank’s or Corporation’s senior management employees with a target annual grant value of not less than 40% of base salary for the calendar year 2023 and not less than 80% of base salary for calendar years thereafter. For avoidance of doubt, the amount of Employee’s (a) target annual bonus for calendar year 2023 (payable in 2024) shall be 35% of base salary and 60% of base salary for 2024 (payable in 2025); and (b) target annual grant value for Employee’s long-term incentive equity award with respect to 2023 (awarded in 2024) shall be 40% of base salary and 80% of base salary for 2024 (awarded in 2025). The Employee shall further participate in an equitable manner with all other senior management employees of the Company in any discretionary bonuses that the Company may award from time to time to 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.
Short-Term and Long-Term Incentive Compensation. During the Term of this Agreement, the Employee shall participate in (a) the short-term incentive (annual bonus) plan generally applicable to the Bank’s or Corporation’s senior management employees, with a target annual bonus in aggregate, of not less than 46.4% of base salary with respect to 2023 and not less than 33% of base salary during the EC Period and (b) the long-term incentive equity plan generally applicable to the Bank’s or Corporation’s senior management employees with a target annual grant value of not less than 60% of base salary with respect to calendar year 2023 and 60% of base salary during the EC Period. For avoidance of doubt, the amount of Employee’s (a) target annual bonus for calendar year 2023 (payable in 2024) shall be equal to 46.4% of the base salary received during 2023; (b) target annual grant value for Employee’s long-term incentive equity award with respect to calendar year 2023 (awarded in 2024) shall be equal to 60% of the base salary received during 2023; (c) target annual bonus for calendar year 2024 (payable in 2025) shall be equal to 33.33% of the base salary received during 2024; and (d) target annual grant value for Employee’s long-term incentive equity award with respect to calendar year 2024 (awarded in 2025) shall be equal to 60% of the base salary received during 2024. The Employee shall further participate in an equitable manner with all other senior management employees of the Company in any discretionary bonuses that the Company may award from time to time to 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.
