Discretionary Bonuses. In addition to his salary under Section 2 hereof, the Employee shall be eligible to receive such discretionary bonuses as may be authorized, declared, and paid by the Board of Directors of the Company or of the Bank. No other compensation provided for in this Agreement shall be deemed a substitute for such bonuses when and as declared by the Board of Directors of the Company or the Bank.
Appears in 7 contracts
Samples: Employment Agreement (Webster Financial Corp), Employment Agreement (Webster Financial Corp), Employment Agreement (Webster Financial Corp)
Discretionary Bonuses. In addition to his the salary under provided for in Section 2 hereof2, the Employee shall be eligible entitled to receive such participate in discretionary bonuses as may be authorized, declared, authorized and paid declared from time to time by the Board of Directors of the Company or of the Subsidiary Bank. No other compensation provided for in this Agreement shall be deemed a substitute for the Employee's right to participate in such bonuses when and as declared by the Board of Directors of the Company or the BankDirectors.
Appears in 3 contracts
Samples: Employment Agreement (Choiceone Financial Services Inc), Employment Agreement (Choiceone Financial Services Inc), Employment Agreement (Choiceone Financial Services Inc)
Discretionary Bonuses. In addition to his salary under Section 2 --------------------- hereof, the Employee shall be eligible to receive such discretionary bonuses as may be authorized, declared, and paid by the Board of Directors of the Company or of the Bank. No other compensation provided for in this Agreement shall be deemed a substitute for such bonuses when and as declared by the Board of Directors of the Company or the Bank.
Appears in 2 contracts
Samples: Employment Agreement (First Coastal Corp), Employment Agreement (First Coastal Corp)
Discretionary Bonuses. In addition to his the salary under provided for in Section 2 hereof2, the Employee shall be eligible entitled to receive such participate in discretionary bonuses as may be authorized, declared, authorized and paid declared from time to time by the Board of Directors of the Company or of the Subsidiary Bank. No other compensation provided for in this Agreement shall be deemed a substitute for the Employee’s right to participate in such bonuses when and as declared by the Board of Directors of the Company or the BankDirectors.
Appears in 1 contract
Samples: Employment Agreement (Choiceone Financial Services Inc)
Discretionary Bonuses. In addition to his the salary under Section 2 hereofprovided for in Paragraph 2, the Employee shall be eligible entitled to receive such participate in discretionary bonuses as may be authorized, declared, from time to time authorized and paid declared by the Board board of Directors directors of the Company or of the BankCorporation to its executive employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Employee’s right to participate in such bonuses when and as declared by the Board board of Directors of the Company or the Bankdirectors.
Appears in 1 contract
