Common use of Management Incentives and Discretionary Bonuses Clause in Contracts

Management Incentives and Discretionary Bonuses. During the Term of Employment, the Executive shall be entitled, in an equitable manner based on the terms of any bonus and incentive plans that have been approved, or may from time to time be approved, by the Board of Directors, with all other key management personnel of the Bank, to such incentives and discretionary bonuses as may be authorized, declared and paid by the Board of Directors to the Bank's key management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to such incentives and discretionary bonuses when and as declared by the Board.

Management Incentives and Discretionary Bonuses. During the Term of Employment, the Executive shall be entitled, in an equitable manner based on the terms of any bonus and incentive plans that have been approved, or may from time to time be approved, by the Board of Directors, with all other key management personnel of the Bank, to such incentives and discretionary bonuses as may be authorized, authorized declared and paid by the Board of Directors to the Bank's key management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to such incentives and discretionary bonuses when and as declared by the Board.

Management Incentives and Discretionary Bonuses. During the Term term of Employmentthis Agreement, the Executive Officer shall be entitled, in an equitable manner based on the terms of any bonus and incentive plans that have been approved, or may from time to time be approved, by the Board of Directors, with all other key management personnel of the BankEmployer, to such incentives and discretionary bonuses as may be authorized, declared and paid by the Board of Directors to the BankEmployer's key management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the ExecutiveOfficer's right to such incentives and discretionary bonuses when and as declared by the Board.