Common use of Annual Executive Bonus Clause in Contracts

Annual Executive Bonus. In addition, Executive shall be entitled to receive a yearly annual bonus. The amount of such bonus shall be based upon criteria established by the compensation committee of Board and may include either or both stock and cash. Provided, however, such bonus shall not exceed fifty percent (50%) of Executive's annual base salary in effect for the period for which the bonus is granted. During the term of this Agreement, the yearly annual bonus shall be paid not later than January 31 of the calendar year following annual bonus year.

Appears in 4 contracts

Samples: Employment Agreement (Team Financial Inc /Ks), Employment Agreement (Team Financial Inc /Ks), Employment Agreement (Team Financial Inc /Ks)

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Annual Executive Bonus. In addition, Executive shall be entitled to receive a yearly annual bonus. The amount of such bonus shall be based upon criteria established by the compensation committee of Board President and may include either or both stock and cash. Provided, however, such bonus shall not exceed fifty percent (50%) of Executive's ’s annual base salary in effect for the period for which the bonus is granted. During the term of this Agreement, the yearly annual bonus shall be paid not later than January 31 of the calendar year following annual bonus year.

Appears in 4 contracts

Samples: Employment Agreement (Team Financial Inc /Ks), Employment Agreement (Team Financial Inc /Ks), Employment Agreement (Team Financial Inc /Ks)

Annual Executive Bonus. In addition, Executive shall be entitled to receive a yearly annual bonus. The amount of such bonus shall be based upon criteria established by the compensation committee of Board CEO and may include either or both stock and cash. Provided, however, such bonus shall not exceed fifty percent (50%) of Executive's ’s annual base salary in effect for the period for which the bonus is granted. During the term of this Agreement, the yearly annual bonus shall be paid not later than January 31 of the calendar year following annual bonus year.

Appears in 3 contracts

Samples: Employment Agreement (Team Financial Inc /Ks), Employment Agreement (Team Financial Inc /Ks), Employment Agreement (Team Financial Inc /Ks)

Annual Executive Bonus. In addition, Executive shall be entitled to receive a yearly annual bonus. The amount of such bonus shall be based upon criteria established by the compensation committee of Board CEO and may include either or both stock and cash. Provided, however, such bonus shall not exceed fifty percent (50%) of Executive's annual base salary in effect for the period for which the bonus is granted. During the term of this Agreement, the yearly annual bonus shall be paid not later than January 31 of the calendar year following annual bonus year.

Appears in 3 contracts

Samples: Employment Agreement (Team Financial Inc /Ks), Employment Agreement (Team Financial Capital Trust I), Employment Agreement (Team Financial Inc /Ks)

Annual Executive Bonus. In addition, Executive shall be entitled to receive a yearly annual bonus. The amount of such bonus shall be based upon criteria established by the compensation committee of Board and may include either or both stock and cash. Provided, however, such bonus shall not exceed fifty percent (50%) of Executive's ’s annual base salary in effect for the period for which the bonus is granted. During the term of this Agreement, the yearly annual bonus shall be paid not later than January 31 of the calendar year following annual bonus year.

Appears in 3 contracts

Samples: Employment Agreement (Team Financial Inc /Ks), Employment Agreement (Team Financial Inc /Ks), Employment Agreement (Team Financial Inc /Ks)

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Annual Executive Bonus. In addition, Executive shall be entitled to receive a yearly annual bonus. The amount of such bonus shall be based upon criteria established by the compensation committee of Board and may include either or both stock and cash. Provided, however, such bonus shall not exceed fifty percent (50%) of Executive's annual base salary in effect for the period for which the bonus is granted. During the term of this Agreement, the yearly annual bonus shall be paid not later than January 31 of the calendar year following annual bonus year.

Appears in 2 contracts

Samples: Employment Agreement (Team Financial Inc /Ks), Employment Agreement (Team Financial Capital Trust I)

Annual Executive Bonus. In addition, Executive shall be entitled to receive a yearly annual bonus. The amount of such bonus shall be based upon criteria established by the compensation committee CEO and approved by the Company’s Board of Board Directors Compensation Committee, and may include either or both stock and cash. Provided, however, such bonus shall not exceed fifty twenty percent (5020%) of Executive's ’s annual base salary in effect for the period for which the bonus is granted. During the term of this Agreement, the yearly annual bonus shall be paid not later than January 31 31st of the calendar year following annual bonus year.

Appears in 1 contract

Samples: Employment Agreement (Team Financial Inc /Ks)

Annual Executive Bonus. In addition, Executive shall be entitled to receive a yearly annual bonus. The amount of such bonus shall be based upon criteria established by the compensation committee of Board President and may include either or both stock and cash. Provided, however, such bonus shall not exceed fifty percent (50%) of Executive's ’s annual base salary in effect for the period for which the bonus is granted. During the term of this Agreement, the yearly annual bonus shall be paid not later than January 31 31st of the calendar year following annual bonus year.

Appears in 1 contract

Samples: Employment Agreement (Team Financial Inc /Ks)

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