Common use of Annual Bonus Clause in Contracts

Annual Bonus. An annual cash bonus equal to at least the average of the bonuses paid to the Executive in the three years prior to the Change in Control. The bonus shall be payable at the time and in the manner which the Company paid such bonuses prior to the Change in Control.

Appears in 53 contracts

Samples: Employment Agreement (Peapack Gladstone Financial Corp), Control Agreement (Peapack Gladstone Financial Corp), Control Agreement (Valley National Bancorp)

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Annual Bonus. An annual cash bonus equal to at least the average of the bonuses paid to the Executive in the three years prior to the Change in Control. The bonus shall be payable at the time and in the manner which the Company paid such bonuses prior to the Change in Control.. c.

Appears in 15 contracts

Samples: Change in Control Agreement (Valley National Bancorp), Change in Control Agreement (Valley National Bancorp), Control Agreement (Valley National Bancorp)

Annual Bonus. An annual cash bonus equal to at least the average highest of the bonuses paid to the Executive in for the three fiscal years prior to the Change in Control. The bonus shall be payable at the time and in the manner which the Company paid such bonuses prior to the Change in Control.

Appears in 12 contracts

Samples: Change in Control Severance and Employment Agreement (Hudson United Bancorp), Control Severance and Employment Agreement (Hudson United Bancorp), Control, Severance and Employment Agreement (Hudson United Bancorp)

Annual Bonus. An annual cash bonus equal to at least the average of the cash bonuses paid awarded to the Executive in the three years prior to the Change in ControlControl (excluding any year for which cash bonuses were prohibited by law or regulation). The Subject to any express regulatory requirements, the bonus shall be payable at paid within 45 days of the time and in end of the manner calendar year for which the Company paid such bonuses prior to the Change in Controlbonus is awarded.

Appears in 10 contracts

Samples: Change in Control Agreement (Valley National Bancorp), In Control Agreement (Valley National Bancorp), Change in Control Agreement (Valley National Bancorp)

Annual Bonus. An annual cash bonus equal to at least higher of a) the average of the bonuses highest bonus paid to the Executive in during the three fiscal years prior to the Change in Control or b) the highest full year bonus to which the Executive would have been entitled during the three fiscal years prior to the Change in Control. The bonus shall be payable at the time and in the manner which the Company paid such bonuses prior to the Change in Control.

Appears in 8 contracts

Samples: Severance and Employment Agreement (Hudson United Bancorp), Severance and Employment Agreement (Hudson United Bancorp), Control, Severance and Employment Agreement (Hudson United Bancorp)

Annual Bonus. An annual cash bonus equal to at least the average of the cash bonuses paid awarded to the Executive in the three years prior to the Change in ControlChange-in-Control (or such lesser number of full years during which Executive has been employed by the Company). The Subject to any express regulatory requirements, the bonus shall be payable at paid within 45 days of the time and in end of the manner calendar year for which the Company paid such bonuses prior to the Change in Controlbonus is awarded.

Appears in 6 contracts

Samples: Change in Control Agreement (Valley National Bancorp), Change in Control Agreement (Valley National Bancorp), Control Agreement (Valley National Bancorp)

Annual Bonus. An annual cash bonus equal to at least the ------------- average of the bonuses paid to the Executive in the three years prior to the Change in Control. The bonus shall be payable at the time and in the manner which the Company paid such bonuses prior to the Change in Control.

Appears in 6 contracts

Samples: Employment Agreement (Peapack Gladstone Financial Corp), Employment Agreement (Peapack Gladstone Financial Corp), Control Agreement (Peapack Gladstone Financial Corp)

Annual Bonus. An annual Annual cash bonus equal to at least the average of the bonuses highest annual bonus paid to the Executive in during the three most recent fiscal years prior to the Change in Control. The bonus shall be payable at the time and in the manner which the Company paid such bonuses prior to the Change in Control.

Appears in 5 contracts

Samples: Change in Control Agreement (Lakeland Bancorp Inc), Change in Control Agreement (Lakeland Bancorp Inc), Change in Control Agreement (Lakeland Bancorp Inc)

Annual Bonus. An annual Annual cash bonus equal to at least the average of the bonuses highest annual bonus paid to the Executive in during the three most recent fiscal years prior to the Change in Control. The bonus shall be payable at the time and in the manner which the Company paid such bonuses prior to the Change in Control.

Appears in 5 contracts

Samples: Change in Control Agreement (Lakeland Bancorp Inc), Change in Control Agreement (Lakeland Bancorp Inc), Change in Control Agreement (Lakeland Bancorp Inc)

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Annual Bonus. An annual cash bonus equal to at least the average of the cash bonuses paid awarded to the Executive in the three years prior to the Change in ControlChange-in-Control (excluding any year for which cash bonuses were prohibited by law or regulation and excluding any year prior to the 2014 performance year, although that may require only a two year average). The Subject to any express regulatory requirements, the bonus shall be payable at paid within 45 days of the time and in end of the manner calendar year for which the Company paid such bonuses prior to the Change in Controlbonus is awarded.

Appears in 2 contracts

Samples: Control Agreement (Valley National Bancorp), Control Agreement (Valley National Bancorp)

Annual Bonus. An annual cash bonus equal to at least the average of the bonuses paid to the Executive in the three 10 years prior to the Change in Control. The bonus shall be payable at the time and in the manner which the Company paid such bonuses prior to the Change in Control.

Appears in 1 contract

Samples: Employment Agreement (Valley National Bancorp)

Annual Bonus. An annual cash bonus equal to at least the ------------ average of the bonuses paid to the Executive in the three years prior to the Change in Control. The bonus shall be payable at the time and in the manner which the Company paid such bonuses prior to the Change in Control.

Appears in 1 contract

Samples: Control Agreement (Valley National Bancorp)

Annual Bonus. An annual cash bonus equal to at least the average of the bonuses highest annual bonus paid to the Executive in during the three most recent fiscal years prior to the Change in Control. The bonus shall be payable at the time and in the manner which the Company paid such bonuses prior to the Change in Control.

Appears in 1 contract

Samples: Amendatory Agreement (Lakeland Bancorp Inc)

Annual Bonus. An annual cash bonus equal to at least the average of the bonuses annual ------------- bonus, if any, paid to the Executive in for the three most recent fiscal years prior to the Change in Control. The bonus shall be payable at the time and in the manner which the Company paid such bonuses prior to the Change in Control.

Appears in 1 contract

Samples: Control Severance and Employment Agreement (Lakeland Bancorp Inc)

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