Bonus and Incentive Compensation. Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.
Bonus and Incentive Compensation. Executive will be entitled to participate in the Company’s Annual Bonus Program (the “Bonus Plan”) as follows:
Bonus and Incentive Compensation. The Executive (1) is eligible to participate in any bonus plan or arrangement of the Bank in which senior management is eligible to participate, pursuant to which a bonus may be paid to the Executive in accordance with the plan or arrangement; and/or (2) may receive a bonus, if any, on a discretionary basis, as determined by the Board of Directors or the Compensation Committee.
Bonus and Incentive Compensation. Executive shall be eligible to receive up to fifty (50%) percent of his Base Salary in a performance bonus for the term of this Agreement. Payment of a performance bonus, if applicable, shall be made no later March 15 of the calendar year immediately following the year in which the performance bonus was earned. In addition, Executive may be entitled to participate in any other incentive compensation and bonus plans or arrangements of the Bank or the Company. Any incentive compensation will be paid in cash in accordance with the terms of such plans or arrangements, or on a discretionary basis by the Committee. Nothing paid to Executive under any such plans or arrangements will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.
Bonus and Incentive Compensation. Executive shall be eligible for discretionary bonus and incentive based compensation approved by the Board of Directors of the Company (or a committee thereof) (the “Board”) from time to time at its sole discretion as to eligibility and timing of payments.
Bonus and Incentive Compensation. Executive shall be eligible to earn an annual cash performance bonus and such long-term incentive compensation as is established or awarded from time to time by the Company’s Board of Directors or its Compensation Committee and applied in a manner consistent with the then current prevailing practices for other executive officers of the Company.
Bonus and Incentive Compensation. Executive shall be entitled to participate in the Company’s incentive compensation programs as follows:
Bonus and Incentive Compensation. The Executive will be entitled to incentive compensation and bonuses as provided in any plan of the Bank in which Executive is eligible to participate. Specifically, the Executive shall have an annual incentive opportunity to earn up to an additional 60% of his current year's Base Salary as incentive compensation, based on annual performance targets specified by the CEO and the Board, which may include core loan growth, asset quality, loan mix, overall profitably of the Loan Department and regulatory compliance which shall be determined by the CEO and the Board in consultation with the Executive on or before January 31 each year, with respect to the then current calendar year. Furthermore, the Executive may elect, at his sole option, to receive one-third (1/3) of the annual incentive opportunity in stock (which shall be subject to transferability restrictions, but not vesting restrictions) and the remaining portion of the annual incentive opportunity shall be paid in cash, in accordance with applicable regulatory requirements and guidelines regarding risk management and incentive compensation, with such stock, if any, issued and cash paid out no later than 2 ½ months after the end of the year for which it was earned The terms and conditions of each annual incentive opportunity shall be set forth in writing and shall specify the time and form of payment and such other terms that may be required with respect to any deferred compensation that is subject to Section 409A of the Internal Revenue Code of 1986, as amended ("Code").
Bonus and Incentive Compensation. You may be eligible to participate in such bonus and incentive compensation plans as the Board of Directors or Chief Executive Officer permits. 3.3
Bonus and Incentive Compensation. The Bank shall pay to the Executive with respect to each fiscal year during the term of the Executive's employment hereunder, such cash bonus as Chief Executive Officer of the Bank (exclusive of the Executive) shall determine and the Board of Directors shall ratify in their sole discretion; provided, however, in no event shall this paragraph b. be deemed to require that any such bonus be paid with respect to any such fiscal year. In addition, and without diminution of any other compensation or benefit provided for in this Agreement, the Executive shall have the right to participate in any Incentive Compensation Plan adopted by the Bank or in any such plan adopted or sponsored by Anchor in which the senior officers of any of its banking subsidiaries are participants.
