Common use of Incentive Bonus Plan Clause in Contracts

Incentive Bonus Plan. Employee shall be eligible to participate in all annual incentive programs available to other executives or officers of Security Bank Corporation, such participation to be in the same form, under the same terms, and to the same extent that such programs are made available to other such executives or officers. Nothing in this Employment Agreement shall be deemed to require the payment of bonuses, awards, or incentive compensation to Employee if such payment would not otherwise be required under the terms of Security Bank Corporation’s incentive compensation programs.

Appears in 4 contracts

Samples: Employment Agreement (Security Bank Corp), Employment Agreement (Security Bank Corp), Employment Agreement (Security Bank Corp)

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