Common use of Annual Bonuses Clause in Contracts

Annual Bonuses. For each completed fiscal year of the Bank (“Fiscal Year”) during the Term, the Executive shall have the opportunity to earn an annual bonus pursuant to the Columbia Bank Performance Achievement Incentive Program or any successor plan thereto (the “PAIP”), as the terms of the PAIP may be revised from time to time, based on achievement of annual performance goals established by the Bank Board in its discretion (an “Annual Bonus”) with a target amount determined annually based on review of market data for similarly situated executives and subject to a minimum target equal to at least 30% of Base Salary as in effect at the beginning of the applicable Fiscal Year (the “Target Bonus”).

Annual Bonuses. For each completed fiscal year of the Bank (“Fiscal Year”) during the Term, the Executive shall have the opportunity to earn an annual bonus pursuant to the Columbia Bank Performance Achievement Incentive Program or any successor plan thereto (the “PAIP”), as the terms of the PAIP may be revised from time to time, based on achievement of annual performance goals established by the Bank Board in its discretion (an “Annual Bonus”) with a target amount determined annually based on review of market data for similarly situated executives and subject to a minimum target equal to at least 3040% of Base Salary as in effect at the beginning of the applicable Fiscal Year (the “Target Bonus”).

Annual Bonuses. For each completed fiscal year of the Bank (“Fiscal Year”) during the Term, the Executive shall have the opportunity to earn an annual bonus pursuant to the Columbia Bank Performance Achievement Incentive Program or any successor plan thereto (the “PAIP”), as the terms of the PAIP may be revised from time to time, based on achievement of annual performance goals established by the Bank Board in its discretion (an “Annual Bonus”) with a target amount determined annually based on review of market data for similarly situated executives and subject to a minimum target equal to at least 3045% of Base Salary as in effect at the beginning of the applicable Fiscal Year (the “Target Bonus”).