Common use of Annual Incentive Payment Clause in Contracts

Annual Incentive Payment. Each year during this Agreement, the Executive shall be eligible to receive an annual incentive payment (the "Annual Incentive Payment). The amount actually awarded to the Executive will be determined by the Company's or the Bank's Compensation Committee. Any applicable bonus shall be paid by February 28 of each year (with the first bonus payable by February 28, 2000, relating to the 1999 year).

Annual Incentive Payment. Each year during this Agreement, the Executive shall be eligible to receive an annual incentive payment (the "Annual Incentive Payment). The amount actually awarded to the Executive will be determined by the Company's or the Bank's Compensation Committee. Any applicable bonus shall be paid by February 28 of each year (with the first bonus payable by February 28, 20002001, relating to the 1999 2000 year).

Annual Incentive Payment. Each year during this Agreement, the Executive shall be eligible to receive an annual incentive payment (the "Annual Incentive Payment). The amount actually awarded to the Executive will be determined by the Company's or the Bank's Compensation Committee. Any applicable bonus shall be paid by February 28 of each year (with the first bonus payable by February 28, 20002002, relating to the 1999 2001 year).

Annual Incentive Payment. Each year during this Agreement, the Executive shall be eligible to receive an annual incentive payment (the "Annual Incentive Payment)") up to five percent (5%) of pre-tax net income, after the deduction of loan loss provisions of the company. The amount actually awarded to the Executive will be determined by the Company's or the Bank's Compensation CommitteeBoard of Directors. Any applicable bonus shall be paid by February 28 of each year (with the first bonus payable by February 28, 2000, relating to the 1999 year).