Increase in Compensation; Bonuses. Neither CNB nor Community will increase the compensation or benefits of, or pay any bonus or other special or additional compensation to, any of its current or former directors, officers, employees or consultants. However, notwithstanding anything contained herein to the contrary, prior to the Effective Time CNB and Community may review and make routine increases in the salaries of their employees; provided that the times and amounts of those increases are consistent with CNB's and Community's past practices and their salary administration and review policies and procedures in effect on December 31, 2001.
Increase in Compensation; Bonuses. Except as contemplated below, none of the SFC Companies will increase the compensation or benefits of, or pay any bonus or other special or additional compensation to, any of their current or former directors, officers, employees or consultants. Notwithstanding anything to the contrary contained in this Agreement, prior to the Effective Time SFC and SNB may (i) make payments pursuant to and in accordance with the terms of the FFI Bonus Plan, the SNB LOA Incentive Plan, the SNB Account Officer Incentive Plan, the SNB FSR Incentive Plan, the SNB Teller Incentive Plan, and SFC’s director attendance fee arrangement, all as Previously Disclosed to FCB, and (ii) review and make reasonable merit increases in the salaries of their employees, provided, that the times and amounts of those increases are consistent with their past practices and their salary administration and review policies and procedures in effect on December 31, 2004. Notwithstanding anything contained herein to the contrary, following the date of this Agreement and prior to the Effective Time, SFC shall, at its sole discretion, be permitted to pay special recognition cash bonuses to officers and employees of the SFC Companies up to an aggregate amount of $50,000 for all such cash bonuses.
Increase in Compensation; Bonuses. Neither Cardinal nor Xxxxx will increase the compensation or benefits of, or pay any bonus or other special or additional compensation to, any of its current or former directors, officers, employees or consultants. However, notwithstanding anything contained herein to the contrary, prior to the Effective Time Cardinal and Xxxxx may review and make routine increases in the salaries of their employees; provided that the times and amounts of those increases are consistent with Cardinal's and Xxxxx'x past practices and their salary administration and review policies and procedures in effect on December 31, 2001.
Increase in Compensation; Bonuses. Except as contemplated below, neither PCCC, PCB nor PFS will increase the compensation or benefits of, or pay any bonus or other special or additional compensation to, any of its current or former directors, officers, employees or consultants. Notwithstanding anything to the contrary contained in this Agreement, prior to the Effective Time PCCC and PCB may (i) make payments pursuant to and in accordance with the terms of PCB’s Management Incentive Plan for 2004 Previously Disclosed to FCB, (ii) at their discretion, pay a cash bonus to their Chairman and Chief Executive Officer, Xxxxx X. Xxxxxxxxx, prior to December 31, 2004, in an amount up to but not to exceed $255,000, and (iii) review and make routine cost-of-living increases in the salaries of their employees, provided that the times and amounts of those increases are consistent with PCCC’s, PCB’s and PFS’s past practices and their salary administration and review policies and procedures in effect on December 31, 2003.
Increase in Compensation; Bonuses. None of the CBI Companies will increase the compensation or benefits of, or pay any bonus or other special or additional compensation to, any of its or their current or former directors, officers, employees or consultants; provided, however, that notwithstanding anything contained herein to the contrary, prior to the Effective Time CRB may review and make routine merit increases in the salaries of its employees, provided that the times and amounts of those increases are consistent with CRB's past practices and its salary administration and review policies and procedures in effect on September 30, 2007.
Increase in Compensation; Bonuses. Except as required by law, Mutual will not increase the compensation or benefits of, or pay any bonus or other special or additional compensation to, any of its directors, officers, employees or consultants. Notwithstanding anything contained herein to the contrary, prior to the Effective Time, with the prior written approval of Bancorp, Mutual may make routine increases in the salaries of its officers and other employees at such times and in such amounts as shall be consistent with its customary salary administration and review policies and procedures.
Increase in Compensation; Bonuses. Neither Main Street nor Piedmont will increase the compensation or benefits of, or pay any bonus or other special or additional compensation to, any of its directors, officers, employees or consultants. However, notwithstanding anything contained herein to the contrary, prior to the Effective Time Main Street and Piedmont may make routine increases in the salaries of their employees at such times and in such amounts as shall be consistent with their customary salary administration and review policies and procedures.
Increase in Compensation; Bonuses. Neither HC Financial nor High ---------------------------------- Country will increase the compensation or benefits of, or pay any bonus or other special or additional compensation to, any of its directors, officers, employees or consultants. However, notwithstanding anything contained herein to the contrary, prior to the Effective Time HC Financial and High Country may make routine increases in the salaries of their employees at such times and in such amounts as shall be consistent with their customary salary administration and review policies and procedures.
Increase in Compensation; Bonuses. Neither Xxxxxxxx nor Xxxxxxxx Investment will increase the compensation or benefits of, or pay any bonus or other special or additional compensation to, any of its current or former directors, officers, employees or consultants. However, notwithstanding anything contained herein to the contrary, prior to the Effective Time Xxxxxxxx and or Xxxxxxxx Investment may review and make routine increases in the salaries of their employees; provided that the times and amounts of those increases are consistent with Xxxxxxxx’x and or Xxxxxxxx Investment’s past practices and their salary administration and review policies and procedures in effect on December 31, 2006.
Increase in Compensation; Bonuses. SSB will not increase the compensation or benefits of, or pay any bonus or other special or additional compensation to, any of its directors, officers, employees or consultants. However, notwithstanding anything contained herein to the contrary, prior to the Effective Time SSB may make routine increases in the salaries of its officers and other employees at such times and in such amounts as shall be consistent with its customary salary administration and review policies and procedures.
