Common use of Minimum Benefits Clause in Contracts

Minimum Benefits. If the Termination Date occurs during the Employment Period for any reason, Executive shall be entitled to the following benefits (“Minimum Benefits”) in addition to any other benefits to which Executive may be entitled under the following provisions of this Section 4 or the express terms of any employee benefit plan or as required by law: (i) Executive’s earned but unpaid Annual Base Salary for the period ending on the Termination Date; (ii) Executive’s earned but unpaid incentive bonus, if any, for any completed fiscal year preceding the Termination Date; and Any benefits to be provided to Executive pursuant to this Section 4(a) shall be provided within thirty (30) days after the Termination Date.

Appears in 8 contracts

Samples: Employment Agreement (Bridgewater Bancshares Inc), Employment Agreement (Bridgewater Bancshares Inc), Employment Agreement (Bridgewater Bancshares Inc)

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Minimum Benefits. If the Termination Date occurs during the Employment Period for any reason, Executive shall be entitled to the following benefits (“Minimum Benefits”) in addition to any other ​ ‌ Exhibit 10.31 benefits to which Executive may be entitled under the following provisions of this Section 4 or the express terms of any employee benefit plan or as required by law: (i) Executive’s earned but unpaid Annual Base Salary for the period ending on the Termination Date; (ii) Executive’s earned but unpaid incentive bonus, if any, for any completed fiscal year preceding the Termination Date; and Any benefits to be provided to Executive pursuant to this Section 4(a) shall be provided within thirty (30) days after the Termination Date.

Appears in 1 contract

Samples: Employment Agreement (Bridgewater Bancshares Inc)

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