Incentive Plans and Bonuses. Executive will be eligible for additional performance based compensation, at a target payout level of 100% of Base Salary (and at such threshold and maximum payout levels as set by the Committee in its sole discretion), based upon Executive’s ability to meet or exceed the targeted expectations applicable to his position, as the Committee in its sole discretion determines with input from the Executive and in accordance with and subject to the terms of the Senior Executive Officer Annual Incentive Plan (the “AIP”), or any other applicable performance based compensation plan or program.
Incentive Plans and Bonuses. Langxxx xxxll be entitled to participate fully and at a level commensurate with his position as President and Chief Executive Officer of the
Incentive Plans and Bonuses. (i) One-Time 2012 Bonus Payment. If Executive remains actively employed by the Company through the date other senior executives of the Company receive payment under the Senior Executive Officer Annual Incentive Plan with respect to services provided in the 2012 calendar year, Executive will be paid a special bonus in the amount of $118,750 (the “2012 Bonus”) on such payment date.
Incentive Plans and Bonuses. Langxxx xxxll be entitled to participate fully and at a level commensurate with his position as President and Chief Executive Officer of the Bank in any incentive compensation, deferred compensation, profit sharing, salary bonus, and stock option, stock purchase or stock ownership plan or plans which may now exist or be adopted hereafter by the Bank or by Foothill Independent Bancorp, which owns 100% of the Bank's Common Stock ("Bancorp"), or any successor to the Bank or the Bancorp. Langxxx xxxo may be awarded discretionary bonuses by the Board of Directors of the Bank.
Incentive Plans and Bonuses. Executive will be eligible for additional performance based compensation, at an annual target payout level of no less than 80% of Base Salary, based upon Executive’s ability to meet or exceed the targeted expectations applicable to his position, as the Committee in its sole discretion determines and in accordance with and subject to the terms of any applicable performance based compensation plan or program. For partial years of service, any bonus that Executive may receive will be pro-rated based on the number of days Executive was employed during the year. Notwithstanding the forgoing, Executive must remain continuously employed through the end of the bonus determination period to be eligible to receive an annual bonus for a given fiscal year.
