Bonus Payments. In addition to Base Salary, Executive shall be entitled, during the Employment Term, to participate in and receive payments from all bonus and other incentive compensation plans (as currently in effect, as modified from time to time, or as subsequently adopted) of the Company; provided, however, that nothing contained herein shall grant Executive the right to continue in any bonus or other incentive compensation plan following its discontinuance by the Board (except to the extent Executive had earned or otherwise accumulated vested rights therein prior to such discontinuance).
Appears in 17 contracts
Sources: Employment Agreement (Anchor Bancorp Wisconsin Inc), Employment Agreement (First Federal Capital Corp), Employment Agreement (First Federal Capital Corp)
Bonus Payments. In addition to Base Salary, Executive shall be entitled, during the Employment Term, to participate in and receive payments from all bonus and other incentive compensation plans (as currently in effect, as modified effect from time to time, or time on the same basis as subsequently adopted) other executive officers of the Company; provided, however, that nothing contained herein shall grant Executive the right to continue in any bonus or other incentive compensation plan following its discontinuance by the Board (except to the extent Executive had earned or otherwise accumulated vested rights therein prior to such discontinuance)Employer.
Appears in 6 contracts
Sources: Employment Agreement (Merchants & Manufacturers Bancorporation Inc), Executive Employment Agreement (Merchants & Manufacturers Bancorporation Inc), Executive Employment Agreement (Merchants & Manufacturers Bancorporation Inc)
Bonus Payments. In addition to Base Salary, Executive shall be entitled, during the Employment Term, to participate in and receive payments from all Bank bonus and other incentive compensation plans (as currently in effect, as modified from time to time, or as subsequently adopted) of the Company); provided, however, that nothing contained herein shall grant Executive the right to continue in any bonus or other incentive compensation plan following its discontinuance by the Board (except to the extent Executive had earned or otherwise accumulated vested rights therein prior to such discontinuance).
Appears in 2 contracts
Sources: Employment Agreement (Hallmark Capital Corp), Employment Agreement (Hallmark Capital Corp)
Bonus Payments. In addition to Base Salary, Executive shall be entitled, during the Employment Term, to participate in and receive payments from all bonus and other incentive compensation plans (as currently in effect, as modified from time to time, or as subsequently adopted) of the Company); provided, however, that nothing contained herein shall grant Executive the right to continue in any bonus or other incentive compensation plan following its discontinuance by the Board (except to the extent Executive had earned or otherwise accumulated vested rights therein prior to such discontinuance).
Appears in 1 contract