Common use of Discretionary Bonuses Clause in Contracts

Discretionary Bonuses. The Executive may be entitled to --------------------- participate in discretionary bonuses and incentive payments to the extent authorized and declared by the Board or its authorized representative. For any given calendar year, Executive shall be entitled to an annual performance bonus in accordance with the terms of the incentive plan approved with respect to such year by the Board or its authorized representative.

Appears in 5 contracts

Samples: Employment Agreement (Bay View Capital Corp), Employment Agreement (Bay View Capital Corp), Employment Agreement (Bay View Capital Corp)

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Discretionary Bonuses. The Executive may shall be entitled to --------------------- participate in discretionary bonuses and incentive payments to the extent which are now or become authorized and declared by the Board or its authorized representative. For any given calendar year, Executive shall be entitled to an annual performance bonus in accordance with of up to forty percent (40%) of base salary depending upon the terms achievement of the incentive plan approved with respect to such year specific goals set by the Company's Board or its authorized representativeof Directors.

Appears in 5 contracts

Samples: Employment Agreement (Bay View Capital Corp), Employment Agreement (Bay View Capital Corp), Employment Agreement (Bay View Capital Corp)

Discretionary Bonuses. The Executive may shall be entitled to --------------------- participate in discretionary bonuses and incentive payments to the extent which are now or become authorized and declared by the Board or its authorized representative. For any given calendar year, Executive shall be entitled to an annual performance bonus in accordance with of up to forty percent (40%) of base salary depending upon the terms achievement of the incentive plan approved with respect to such year specific goals set by the Company's Board or its authorized representativeof Directors.

Appears in 4 contracts

Samples: Employment Agreement (Bay View Capital Corp), Employment Agreement (Bay View Capital Corp), Employment Agreement (Bay View Capital Corp)

Discretionary Bonuses. The Executive may shall be entitled to --------------------- participate in discretionary bonuses and incentive payments to the extent which are now or become authorized and declared by the Board or its authorized representative. For any given calendar year, Executive shall be entitled to an annual performance bonus in accordance with of up to fifty percent (50%) of base salary depending upon the terms achievement of the incentive plan approved with respect to such year specific goals set by the Company's Board or its authorized representativeof Directors.

Appears in 3 contracts

Samples: Employment Agreement (Bay View Capital Corp), Employment Agreement (Bay View Capital Corp), Employment Agreement (Bay View Capital Corp)

Discretionary Bonuses. The Executive may shall be entitled to --------------------- participate in discretionary bonuses and incentive payments to the extent which are now or become authorized and declared by the Board or its authorized representative. For any given calendar year, Executive shall be entitled to an annual performance bonus in accordance with of up to forty percent (40.00%) of base salary depending upon the terms achievement of the incentive plan approved with respect to such year specific goals set by the Board or its authorized representativeof Directors.

Appears in 1 contract

Samples: Employment Agreement (Bay View Capital Corp)

Discretionary Bonuses. The Executive may shall be entitled to --------------------- participate in discretionary bonuses and incentive payments to the extent as authorized and declared by the Company's Board or of Directors to its authorized representative. For any given calendar year, Executive shall be entitled executives up to an annual performance bonus in accordance with the terms 15% of the incentive plan approved with respect Executive's Base Salary, subject to such year by terms and conditions set forth in the Board or its authorized representativeManagement Incentive Compensation Plan.

Appears in 1 contract

Samples: Agreement of Affiliation and Plan of Merger (Summit Bancorp /Oh/)

Discretionary Bonuses. The Executive may shall be entitled to --------------------- participate in discretionary bonuses and incentive payments to the extent as authorized and declared by the Company's Board or its authorized representative. For any given calendar year, Executive shall be entitled to an annual performance bonus in accordance with the terms of the incentive plan approved with respect Directors subject to such year by terms and conditions set forth in the Board or its authorized representativeManagement Incentive Compensation Plan.

Appears in 1 contract

Samples: Employment Agreement (First Federal Financial Services Corp)

Discretionary Bonuses. The Executive may shall be entitled to --------------------- participate in --------------------- discretionary bonuses and incentive payments to the extent which are now or become authorized and declared by the Board or its authorized representative. For any given calendar year, Executive shall be entitled to an annual performance bonus in accordance with of up to forty percent (40.00%) of base salary depending upon the terms achievement of the incentive plan approved with respect to such year specific goals set by the Board or its authorized representativeof Directors.

Appears in 1 contract

Samples: Employment Agreement (Bay View Capital Corp)

Discretionary Bonuses. The Executive may shall be entitled to --------------------- ---------------------- participate in discretionary bonuses and incentive payments to the extent which are now or become authorized and declared by the Board or its authorized representative. For any given calendar year, Executive shall be entitled to an annual performance bonus in accordance with of up to forty percent (40%) of base salary depending upon the terms achievement of the incentive plan approved with respect to such year specific goals set by the Bank's Board or its authorized representativeof Directors.

Appears in 1 contract

Samples: Employment Agreement (Bay View Capital Corp)

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Discretionary Bonuses. The Executive may shall be entitled to --------------------- participate in --------------------- discretionary bonuses and incentive payments to the extent which are now or become authorized and declared by the Board or its authorized representative. For any given calendar year, Executive shall be entitled to an annual performance bonus in accordance with of up to forty percent (40.00%) of base salary depending upon the terms achievement of the incentive plan approved with respect to such year specific goals set by the Board or its authorized representativeof Directors. Said annual performance bonus will be prorated for 1997 by a factor of two-thirds.

Appears in 1 contract

Samples: Employment Agreement (Bay View Capital Corp)

Discretionary Bonuses. The Executive may shall be entitled to --------------------- participate in discretionary bonuses and incentive payments to the extent as authorized and declared by the Company's Board or of Directors to its authorized representative. For any given calendar year, Executive shall be entitled executives up to an annual performance bonus in accordance with the terms 20% of the incentive plan approved with respect Executive's Base Salary, subject to such year by terms and conditions set forth in the Board or its authorized representativeManagement Incentive Compensation Plan.

Appears in 1 contract

Samples: Agreement of Affiliation and Plan of Merger (Summit Bancorp /Oh/)

Discretionary Bonuses. The Executive may shall be entitled to --------------------- participate in discretionary bonuses and incentive payments to the extent authorized and declared by the Board or its authorized representative. For any given calendar year, Executive shall be entitled to an annual performance bonus in accordance with the terms of the incentive plan approved with respect up to such year by the Board or its authorized representative.50% of

Appears in 1 contract

Samples: Employment Agreement (Bay View Capital Corp)

Discretionary Bonuses. The Executive may shall be entitled to --------------------- participate in discretionary bonuses and incentive payments to the extent as authorized and declared by the Company's Board or of Directors to its authorized representative. For any given calendar year, Executive shall be entitled to an annual performance bonus in accordance with the terms of the incentive plan approved with respect executives subject to such year by terms and conditions set forth in the Board or its authorized representativeManagement Incentive Compensation Plan.

Appears in 1 contract

Samples: Employment Agreement (First Federal Financial Services Corp)

Discretionary Bonuses. The Beginning in 2000, the Executive may shall be --------------------- entitled to --------------------- participate in discretionary bonuses and incentive payments to the extent which are now or become authorized and declared by the Board or its authorized representative. For any given calendar year, Executive shall be entitled to an annual performance bonus in accordance with of up to forty percent (40%) of base salary depending upon the terms achievement of the incentive plan approved with respect to such year specific goals set by the Company's Board or its authorized representativeof Directors.

Appears in 1 contract

Samples: Employment Agreement (Bay View Capital Corp)

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