Common use of Long-Term Cash Incentive Awards Clause in Contracts

Long-Term Cash Incentive Awards. During each Fiscal Year during the Term, the Executive shall be granted the opportunity to earn a long-term cash incentive award pursuant to the Columbia Bank Long Term Incentive Plan or any successor plan thereto (the “LTI Plan”), as the terms of the LTI Plan may be revised from time to time with a target amount determined annually based on a review of market data for similarly situated executives and subject to a minimum target equal to at least 30% of Base Salary as in effect at the beginning of the applicable Fiscal Year; provided, however, that if the Company adopts a shareholder-approved long-term equity incentive equity plan (“Equity Plan”), the Bank may discontinue granting long-term cash incentive awards to the Executive beginning with the Fiscal Year in which the Company first grants an award to the Executive under the Equity Plan. The Executive agrees and acknowledges that the actual value of any performance-based long-term cash incentive award will be based upon performance in relation to the performance goals used for the award.

Long-Term Cash Incentive Awards. During each Fiscal Year during the Term, the Executive shall be granted the opportunity to earn a long-term cash incentive award pursuant to the Columbia Bank Long Term Incentive Plan or any successor plan thereto (the “LTI Plan”), as the terms of the LTI Plan may be revised from time to time with a target amount determined annually based on a review of market data for similarly situated executives and subject to a minimum target equal to at least 3040% of Base Salary as in effect at the beginning of the applicable Fiscal Year; provided, however, that if the Company adopts a shareholder-approved long-term equity incentive equity plan (“Equity Plan”), the Bank may discontinue granting long-term cash incentive awards to the Executive beginning with the Fiscal Year in which the Company first grants an award to the Executive under the Equity Plan. The Executive agrees and acknowledges that the actual value of any performance-based long-term cash incentive award will be based upon performance in relation to the performance goals used for the award.

Long-Term Cash Incentive Awards. During each Fiscal Year during the Term, the Executive shall be granted the opportunity to earn a long-term cash incentive award pursuant to the Columbia Bank Long Term Incentive Plan or any successor plan thereto (the “LTI Plan”), as the terms of the LTI Plan may be revised from time to time with a target amount determined annually based on a review of market data for similarly situated executives and subject to a minimum target equal to at least 3045% of Base Salary as in effect at the beginning of the applicable Fiscal Year; provided, however, that if the Company adopts a shareholder-approved long-term equity incentive equity plan (“Equity Plan”), the Bank may discontinue granting long-term cash incentive awards to the Executive beginning with the Fiscal Year in which the Company first grants an award to the Executive under the Equity Plan. The Executive agrees and acknowledges that the actual value of any performance-based long-term cash incentive award will be based upon performance in relation to the performance goals used for the award.