Performance Compensation Plan. Each year in which the Bank meets or exceeds its performance plan, Executive shall be entitled to receive a cash bonus of at least 30% of Executive's current minimum annual base salary. The precise amount of such bonus shall be determined by the Compensation Committee of the Board of Directors of the Company and in conjunction with the Mike Higgins and Associates, Inc. Performance Compensation for Stakeh▇▇▇▇▇▇ ▇▇▇▇.
Appears in 1 contract
Sources: Employment Agreement (First National Bankshares of Florida Inc)
Performance Compensation Plan. Each year in which the Bank meets or exceeds its performance plan, Executive shall be entitled to receive a cash bonus of at least 3025% of Executive's current minimum annual base salary. The precise amount of such bonus shall be determined by the Compensation Committee of the Board of Directors of the Company and in conjunction with the Mike Higgins and Associates, Inc. Performance Compensation for Stakeh▇▇▇▇▇▇ ▇▇▇▇.
Appears in 1 contract
Sources: Employment Agreement (First National Bankshares of Florida Inc)
Performance Compensation Plan. Each year in which the Bank meets or exceeds its performance plan, Executive shall be entitled to receive a cash bonus of at least approximately 30% of Executive's current minimum annual base salary. The precise amount of such bonus shall be determined by the Compensation Committee of the Board of Directors of the Company and in conjunction with the Mike Higgins and Associates, Inc. Performance Compensation for StakehStake▇▇▇▇▇▇▇ ▇▇▇▇.
Appears in 1 contract
Sources: Employment Agreement (FNB Corp/Fl/)