Executive Incentive Compensation Plan. Each year in which the Company meets or exceeds its performance plan, Executive shall be entitled to receive a cash bonus of approximately 45% of Executive's current minimum annual base salary. The precise amount of such bonus shall be determined by the Compensation Committee of the Board of Directors of the Company.
Appears in 2 contracts
Samples: Employment Agreement (First National Bankshares of Florida Inc), Employment Agreement (FNB Corp/Pa)
Executive Incentive Compensation Plan. Each year in which the Company meets or exceeds its performance plan, Executive shall be entitled to receive a cash bonus of approximately 45% of Executive's current minimum annual base salary. The precise amount of such bonus shall be determined by the Compensation Committee of the Board of Directors of the CompanyCompany shall determine the precise amount of such bonus.
Appears in 1 contract
Samples: Employment Agreement (FNB Corp/Fl/)
Executive Incentive Compensation Plan. Each year in which the Company meets or exceeds its performance plan, Executive shall be entitled to receive a cash bonus of approximately 4550% of Executive's current minimum annual base salary. The precise amount of such bonus shall be determined by the Compensation Committee of the Board of Directors of the Company.
Appears in 1 contract
Samples: Employment Agreement (FNB Corp/Fl/)
