Annual Compensation. The Executive’s “Annual Compensation” for purposes of determining severance payable under this Agreement shall be deemed to mean the sum of (i) the annual rate of Base Salary as of the Date of Termination, and (ii) the cash bonus, if any, earned by the Executive for the calendar year immediately preceding the year in which the Date of Termination occurs.
Appears in 39 contracts
Samples: Employment Agreement (Home Bancorp, Inc.), Employment Agreement (State Investors Bancorp, Inc.), Employment Agreement (Home Bancorp, Inc.)
Annual Compensation. The Executive’s 's “Annual Compensation” for purposes of determining severance payable under this Agreement shall be deemed to mean the sum of (i) the annual rate of Base Salary as of the Date of Termination, and (ii) the cash bonus, if any, earned by the Executive for the calendar year immediately preceding the year in which the Date of Termination occurs.
Appears in 12 contracts
Samples: Employment Agreement (State Investors Bancorp, Inc.), Employment Agreement (State Investors Bancorp, Inc.), Employment Agreement (State Investors Bancorp, Inc.)
Annual Compensation. The Executive’s “Annual Compensation” for purposes of determining severance payable under this Agreement shall be deemed to mean the sum of (i) the annual rate of Base Salary as of the Date of Termination, and (ii) the any Incentive Compensation or other cash bonus, if any, earned by the Executive for the calendar year immediately preceding the year in which the Date of Termination occurs.
Appears in 7 contracts
Samples: Employment Agreement (Home Bancorp, Inc.), Employment Agreement (Home Bancorp, Inc.), Employment Agreement (Home Bancorp, Inc.)
Annual Compensation. The Executive’s “Annual Compensation” for purposes of determining severance payable under this Agreement shall be deemed to mean the sum of (i) the Executive’s then current annual rate of Base Salary as of base salary and any cash bonus paid to the Date of Termination, and (ii) the cash bonus, if any, earned Executive by the Executive Employer for the calendar year immediately preceding the calendar year in which the Date of Termination occurs.
Appears in 2 contracts
Samples: Employment Agreement (Home Bancorp, Inc.), Employment Agreement (Home Bancorp, Inc.)
Annual Compensation. The Executive’s 's “Annual Compensation” for purposes of determining severance payable under this Agreement shall be deemed to mean the sum of (i) the annual rate of Base Salary as of the Date of Termination, and (ii) the cash bonus, if any, aggregate amount of loan commissions earned by the Executive for the calendar year immediately preceding the year in which the Date of Termination occurs.
Appears in 1 contract
