Recognized Compensation. For purposes of the Plan and this SERP Agreement, the Participant’s Recognized Compensation for each calendar year shall be equal to 100% of the Participant’s salary for the calendar year plus 100% of the Participant’s bonus attributable to such calendar year.
Appears in 4 contracts
Samples: Serp Participation Agreement (Royal Bancshares of Pennsylvania Inc), Serp Participation Agreement (Royal Bancshares of Pennsylvania Inc), Serp Participation Agreement (Royal Bancshares of Pennsylvania Inc)
