Discretionary Bonuses. During the term of this Agreement, the Officer shall be entitled to such discretionary bonuses as may be authorized, declared and paid by the Committee to the Bank’s key management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Officer’s right to such discretionary bonuses when and as declared by the Committee.
Appears in 7 contracts
Samples: Employment Agreement (Gateway Financial Holdings Inc), Employment Agreement (Gateway Financial Holdings Inc), Employment Agreement (Gateway Financial Holdings Inc)
Discretionary Bonuses. During the term of this Agreement, the Officer shall be entitled to such discretionary bonuses as may be authorized, declared and paid by the Committee Directors to the Bank’s key management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Officer’s right to such discretionary bonuses when and as declared by the CommitteeDirectors.
Appears in 3 contracts
Samples: Employment Agreement (Gateway Financial Holdings Inc), Employment Agreement (Gateway Financial Holdings Inc), Employment Agreement (Yadkin Valley Financial Corp)
Discretionary Bonuses. During the term of this Agreement, the Officer shall be entitled entitled, in an equitable manner with all other key management personnel of the Bank, to such discretionary bonuses as may be authorized, declared and paid by the Committee Directors to the Bank’s key management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Officer’s right to such discretionary bonuses when and as declared by the CommitteeDirectors.
Appears in 2 contracts
Samples: Employment Agreement (Carolina Trust BancShares, Inc.), Employment Agreement (Yadkin Valley Financial Corp)
Discretionary Bonuses. During the term of this Agreement, the Officer shall be entitled in an equitable manner with all other key management personnel of the Bank, to such discretionary bonuses as may be authorized, declared and paid by the Committee Board to the Bank’s key management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Officer’s right to such discretionary bonuses when and as declared by the CommitteeBoard.
Appears in 2 contracts
Samples: Employment Agreement (Ks Bancorp Inc), Employment Agreement (Ks Bancorp Inc)
Discretionary Bonuses. During the term of this Agreement, the Officer shall be entitled entitled, in an equitable manner with all other key management personnel of the Bank, to such discretionary bonuses as may be authorized, declared and paid by the Committee Bank to the Bank’s key management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Officer’s right to such discretionary bonuses when and as declared by the CommitteeBank.
Appears in 2 contracts
Samples: Employment Agreement (Southern Community Financial Corp), Employment Agreement (Southern Community Financial Corp)
Discretionary Bonuses. During the term of this AgreementTerm, the Officer shall be entitled entitled, in an equitable manner with all other key management personnel of the Bank, to such discretionary bonuses as may be authorized, declared and paid by the Committee Board to the Bank’s key management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Officer’s right to such discretionary bonuses when and as declared by the CommitteeBoard.
Appears in 2 contracts
Samples: Employment Agreement (Carolina Trust BancShares, Inc.), Employment Agreement (Carolina Trust BancShares, Inc.)
Discretionary Bonuses. During the term of this Agreement, the Officer shall be entitled to such discretionary bonuses as may be authorized, declared and paid by the Committee Bank to the Bank’s key management employees. All such bonuses authorized and declared by the Bank shall be paid in cash at the latest within sixty days of the earlier of such authorization or declaration. No other compensation provided for in this Agreement shall be deemed a substitute for the Officer’s right to such discretionary bonuses when and as declared by the CommitteeBank.
Appears in 1 contract
Samples: Employment Agreement (Yadkin Valley Financial Corp)
Discretionary Bonuses. During the term of this Agreement, the Officer shall may be entitled to such discretionary bonuses as may be authorized, declared and paid by the Committee Directors to the Bank’s key management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Officer’s right to such discretionary bonuses when and as declared by the CommitteeDirectors.
Appears in 1 contract
Discretionary Bonuses. During the term of this Agreement, the Officer --------------------- shall be entitled to such discretionary bonuses as may be authorized, declared and paid by the Committee Directors to the Bank’s 's key management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Officer’s 's right to such discretionary bonuses when and as declared by the CommitteeDirectors.
Appears in 1 contract
