Common use of Annual Incentive Compensation Clause in Contracts

Annual Incentive Compensation. (a) The Executive shall be eligible to receive annual bonus compensation, if any, as may be determined by, and based on performance measures established by, the Board of Directors upon the recommendation of the Compensation Committee of the Board of Directors (the “Committee”) consistent with the Employer’s strategic planning process and in consultation with the Executive, pursuant to any incentive compensation program as may be adopted from time to time by the Board of Directors, based on recommendations by the Committee (an “Annual Bonus”).

Appears in 6 contracts

Samples: Employment Agreement (Coastal Banking Co Inc), Employment Agreement (Coastal Banking Co Inc), Employment Agreement (Coastal Banking Co Inc)

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Annual Incentive Compensation. (a) The Executive shall be eligible to receive annual bonus compensation, if any, as may be determined by, and based on performance measures established by, the Board of Directors upon the recommendation of the Compensation Committee of the Board of Directors (the “Committee”) consistent with the Employer’s strategic planning process and in consultation with the Executiveprocess, pursuant to any incentive compensation program as may be adopted from time to time by the Board of Directors, based on recommendations by the Committee (an “Annual Bonus”).

Appears in 6 contracts

Samples: Employment Agreement (First Security Group Inc/Tn), Employment Agreement (First Security Group Inc/Tn), Employment Agreement (First Security Group Inc/Tn)

Annual Incentive Compensation. (ai) The Executive shall be eligible to receive such annual bonus incentive compensation, if any, as may be determined by, and based on performance measures established by, the Board board of Directors upon the recommendation directors of the Compensation Committee of the Board of Directors Company (the “Committee”or its designee) consistent with the Employer’s strategic planning process and in consultation with the Executiveplan of Company, pursuant to any incentive compensation program as that may be adopted from time to time by the Board board of Directors, based on recommendations by the Committee directors of Company (an Annual BonusIncentive Compensation”).

Appears in 5 contracts

Samples: Employment Agreement (Reliant Bancorp, Inc.), Employment Agreement (Reliant Bancorp, Inc.), Employment Agreement (Reliant Bancorp, Inc.)

Annual Incentive Compensation. (ai) The Executive Employee shall be eligible to receive annual bonus compensation, if any, compensation as may be determined by, and based on performance measures established by, the Board of Directors (upon recommendation by the recommendation of the Compensation Committee of the Board of Directors (the “Committee”compensation committee) consistent with the Employer’s strategic planning process and in consultation with plan(s) of the Executive, Bank pursuant to any incentive compensation program as that may be adopted from time to time by the Board of Directors, based on recommendations by the Committee Directors (an “Annual Bonus”).

Appears in 4 contracts

Samples: Employment Agreement (Smartfinancial Inc.), Employment Agreement (Smartfinancial Inc.), Employment Agreement (Cornerstone Bancshares Inc)

Annual Incentive Compensation. (ai) The Executive Employee shall be eligible to receive annual bonus compensation, if any, compensation as may be determined by, and based on performance measures established by, the Board of Directors (upon recommendation by the recommendation of the Compensation Committee of the Board of Directors (the “Committee”compensation committee) consistent with the Employer’s strategic planning process and in consultation with plan(s) of the Executive, Employer pursuant to any incentive compensation program as that may be adopted from time to time by the Board of Directors, based on recommendations by the Committee Directors (an “Annual Bonus”).

Appears in 4 contracts

Samples: Employment Agreement (Smartfinancial Inc.), Employment Agreement (Smartfinancial Inc.), Employment Agreement (Smartfinancial Inc.)

Annual Incentive Compensation. (ai) The Executive shall be eligible to receive such annual bonus incentive compensation, if any, as may be determined by, and based on performance measures established by, the Board board of Directors upon the recommendation directors of the Compensation Committee of the Board of Directors Company (the “Committee”or its designee) consistent with the Employer’s strategic planning process and in consultation with the Executiveplan of Company, pursuant to any incentive compensation plan or program as that may be adopted from time to time by the Board board of Directorsdirectors of Company (“Incentive Compensation”), based on recommendations by including without limitation an annual cash bonus (the Committee (an Annual ACIP Bonus”)) based upon the achievement of performance goals under Employer’s Annual Cash Incentive Plan.

Appears in 2 contracts

Samples: Employment Agreement (Smartfinancial Inc.), Employment Agreement (Smartfinancial Inc.)

Annual Incentive Compensation. (ai) The Executive shall be eligible to receive annual bonus compensation, if any, as may be determined by, and based on performance measures established by, the Board of Directors upon the recommendation of the Compensation Committee of Company and the Board of Directors (of Bank, upon recommendation by the Compensation Committee”) , consistent with the strategic plan of Employer’s strategic planning process and in consultation with the Executive, pursuant to any incentive compensation program as that may be adopted from time to time by the Board of Directors, based on recommendations by Directors of Company or the Committee Board of Directors of Bank (an “Annual Bonus”).

Appears in 2 contracts

Samples: Employment Agreement (Commerce Union Bancshares, Inc.), Employment Agreement (Commerce Union Bancshares, Inc.)

Annual Incentive Compensation. (ai) The Executive shall be eligible to receive annual bonus compensation, if any, as may be determined by, and based on performance measures established by, the Board of Directors Directors, upon the recommendation of by the Compensation Committee of the Board of Directors (the “Committee”) , consistent with the strategic plan of Employer’s strategic planning process and in consultation with the Executive, pursuant to any incentive compensation program as that may be adopted from time to time by the Board of Directors, based on recommendations by the Committee Directors (an “Annual Bonus”).

Appears in 1 contract

Samples: Employment Agreement (Commerce Union Bancshares, Inc.)

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Annual Incentive Compensation. (ai) The Executive shall be eligible to receive annual bonus compensation, if any, as may be determined by, and based on performance measures established by, the Board of Directors upon the recommendation of the Compensation Committee of the Board of Directors (the “Committee”) consistent with the Employer’s strategic planning process and in consultation with the Executive, plan of Employer pursuant to any incentive compensation program as that may be adopted from time to time by the Board of Directors, based on recommendations by the Committee Directors (an “Annual Bonus”).

Appears in 1 contract

Samples: Employment Agreement (Commerce Union Bancshares, Inc.)

Annual Incentive Compensation. (a) The Executive shall be eligible to receive annual bonus compensation, if any, as may be determined by, and based on performance measures established by, the Board of Directors upon the recommendation of the Compensation Executive Committee of the Board of Directors (the “Committee”) consistent with the Employer’s strategic planning process and in consultation with the Executive, pursuant to any incentive compensation program as may be adopted from time to time by the Board of Directors, based on recommendations by the Committee (an “Annual Bonus”).

Appears in 1 contract

Samples: Employment Agreement (Citizens Bancshares Corp /Ga/)

Annual Incentive Compensation. (ai) The Executive shall be eligible to receive annual bonus compensation, if any, as may be determined by, and based on performance measures established by, the Board of Directors upon the recommendation of the Compensation Committee of Company and the Board of Directors (of Bank, upon recommendation by the Compensation Committee”) , consistent with the strategic plan of Employer’s strategic planning process and in consultation with the Executive, pursuant to any incentive compensation program as that may be adopted from time to time by the Board of Directors, based on recommendations by the Committee Directors (an “Annual Bonus”).

Appears in 1 contract

Samples: Employment Agreement (Commerce Union Bancshares, Inc.)

Annual Incentive Compensation. (ai) The Executive shall be eligible to receive such annual bonus incentive compensation, if any, as may be determined by, and based on performance measures established by, the Board board of Directors upon the recommendation directors of the Compensation Committee of the Board of Directors Company (the “Committee”or its designee) consistent with the Employer’s strategic planning process and in consultation with plan of the ExecutiveCompany, pursuant to any incentive compensation program as that may be adopted from time to time by the Board board of Directors, based on recommendations by directors of the Committee Company (an Annual BonusIncentive Compensation”).

Appears in 1 contract

Samples: Employment Agreement (Reliant Bancorp, Inc.)

Annual Incentive Compensation. (ai) The Executive shall be eligible to receive such annual bonus incentive compensation, if any, as may be determined by, and based on performance measures established by, the Board of Directors upon the recommendation of the Compensation Committee of the Board of Directors (the “Committee”) consistent with the Employer’s strategic planning process and in consultation with the Executiveplan of Company, pursuant to any incentive compensation program as that may be adopted from time to time by the Board of Directors, based on recommendations by the Committee Directors (an Annual BonusIncentive Compensation”).

Appears in 1 contract

Samples: Employment Agreement (Reliant Bancorp, Inc.)

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