Common use of Annual Bonuses Clause in Contracts

Annual Bonuses. For each fiscal year during the term of employment, the Executive shall be eligible to receive a bonus pursuant to the First Midwest Bancorp, Inc. Short Term Incentive Compensation Plan or any successor or replacement plan (“STIC”), with an annual target bonus amount, in accordance with the terms of such Plan, as adopted and administered by the Board of Directors of First Midwest Bancorp, Inc. (“Board”) for senior executives of the Employer, as such plan may be amended from time to time by the Board in its discretion.

Appears in 6 contracts

Samples: Employment Agreement (First Midwest Bancorp Inc), Employment Agreement (First Midwest Bancorp Inc), Employment Agreement (First Midwest Bancorp Inc)

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Annual Bonuses. For each fiscal year during the term of employment, the Executive shall be eligible to receive a bonus pursuant to the First Midwest Bancorp, Inc. Short Term Incentive Compensation Plan or any successor or replacement plan ("STIC"), with an annual target bonus amount, in accordance with the terms of such Plan, as adopted and administered by the Board of Directors of First Midwest Bancorp, Inc. (“Board”) for senior executives of the Employer, as such plan may be amended from time to time by the Board in its discretion.

Appears in 3 contracts

Samples: Employment Agreement (First Midwest Bancorp Inc), Employment Agreement (First Midwest Bancorp Inc), Employment Agreement (First Midwest Bancorp Inc)

Annual Bonuses. For each fiscal year during the term of employment, the Executive shall be eligible to receive a bonus pursuant to the First Midwest Bancorp, Inc. Short Term Incentive Compensation Plan or any successor or replacement plan (“STIC”), with an annual target bonus amount, in accordance with the terms of such Plan, as adopted and administered by the Board of Directors of for First Midwest Bancorp, Inc. (“Board”) Bancorp for senior executives of the Employer, as such plan may be amended from time to time by the Board in its discretion.

Appears in 1 contract

Samples: Employment Agreement (First Midwest Bancorp Inc)

Annual Bonuses. For each fiscal year during the term of employment, the Executive shall be eligible to receive a bonus pursuant to the First Midwest Bancorp, Inc. Short Term Incentive Compensation Plan or any successor or replacement plan (“STIC”), with an annual target bonus amount, in accordance with the terms of such Plan, as adopted and administered by the Board board of Directors directors of First Midwest Bancorp, Inc. or the compensation committee thereof (the board or such committee, the “Board”) for senior executives of the Employer, as such plan may be amended from time to time by the Board in its discretion.

Appears in 1 contract

Samples: Employment Agreement (First Midwest Bancorp Inc)

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Annual Bonuses. For each fiscal year during the term of employment, the Executive shall be eligible to receive a bonus pursuant to the First Midwest Bancorp, Inc. Short Term Incentive Compensation Plan or any successor or replacement plan (“STIC”), with an annual target bonus amount, in accordance with the terms of such Plan, as adopted and administered by the Board of Directors of First Midwest Bancorp, Inc. (“Board”) for senior executives of the Employer, as such plan may be amended from time to time by the Board in its discretion.

Appears in 1 contract

Samples: Employment Agreement (First Midwest Bancorp Inc)

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