Common use of Bonus Payments Clause in Contracts

Bonus Payments. In addition to Base Salary, Executive shall be entitled during the Employment Term to receive such bonus payments as the Board may determine in accordance with the Bank's Management Incentive Plan (the "Incentive Plan") in effect on the date of this Agreement or as the same may be amended or modified from time to time for the Bank's executive officers.

Appears in 15 contracts

Samples: Employment Agreement (First Federal Capital Corp), Employment Agreement (First Federal Capital Corp), Employment Agreement (First Federal Capital Corp)

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Bonus Payments. In addition to Base Salary, the Executive shall be entitled during the Employment Term to receive such bonus payments as the Compensation Committee or the Board may determine in accordance with the Bank's Management Incentive Plan (the "Incentive Plan") pursuant to any bonus plan in effect on at the date of this Agreement or as any amendments or modifications thereto (the same may be amended or modified from time to time for the Bank's executive officers"Bonus Plan").

Appears in 2 contracts

Samples: Employment Agreement (Westamerica Bancorporation), Employment Agreement (Westamerica Bancorporation)

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