Common use of Short-Term and Long-Term Incentives Clause in Contracts

Short-Term and Long-Term Incentives. During the Employment Period and beginning for the 2022 calendar year, you may participate in such short-term and/or long-term cash and/or equity incentive plan(s) in such manner and subject to such terms and conditions as the Compensation Committee or the Board of Directors of the Bank, in its sole discretion, may determine. An annual bonus, if any, will be paid within two and a half months after the end of the applicable year. To be eligible to receive any bonus, you must be employed by the Bank on the date such bonus is paid, unless you have retired in accordance with the Bank’s retirement policy after the date on which you were deemed to have earned any bonus under the applicable bonus or incentive plan.

Appears in 3 contracts

Samples: Employment Agreement (American National Bankshares Inc.), Employment Agreement (American National Bankshares Inc.), Employment Agreement (American National Bankshares Inc.)

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Short-Term and Long-Term Incentives. During the Employment Period and beginning for the 2022 calendar yearPeriod, you may participate in such short-term and/or long-term cash and/or equity incentive plan(s) in such manner and subject to such terms and conditions as the Compensation Committee or the Board of Directors of the BankCompany, in its sole discretion, may determine. An annual bonus, if any, will be paid within two and a half months after the end of the applicable year. To be eligible to receive any bonus, you must be employed by the Bank Company on the date such bonus is paid, unless you have retired in accordance with the BankCompany’s retirement policy after the date on which you were deemed to have earned any bonus under the applicable bonus or incentive plan.

Appears in 3 contracts

Samples: Employment Agreement (American National Bankshares Inc.), Employment Agreement (American National Bankshares Inc.), Employment Agreement (American National Bankshares Inc.)

Short-Term and Long-Term Incentives. During the Employment Period and beginning for the 2022 calendar year, you may participate in such short-term and/or long-term cash and/or equity incentive plan(s) in such manner and subject to such terms and conditions as the Compensation Committee or the Board of Directors of the BankCompany, in its sole discretion, may determine. An annual bonus, if any, will be paid within two and a half months after the end of the applicable year. To be eligible to receive any bonus, you must be employed by the Bank Company on the date such bonus is paid, unless you have retired in accordance with the BankCompany’s retirement policy after the date on which you were deemed to have earned any bonus under the applicable bonus or incentive plan.

Appears in 3 contracts

Samples: Employment Agreement (American National Bankshares Inc.), Employment Agreement (American National Bankshares Inc.), Employment Agreement (American National Bankshares Inc.)

Short-Term and Long-Term Incentives. During the Employment Period and beginning for the 2022 calendar yearPeriod, you may participate in such short-term and/or long-term cash and/or equity incentive plan(s) in such manner and subject to such terms and conditions as the Compensation Committee or the Board of Directors of the BankCompany, in its sole discretion, may determine. An annual bonus, if any, will be paid within two and a half months after the end of the applicable year. To be eligible to receive any bonus, you must be employed by the Bank Company on the date such bonus is paid, unless you have retired in accordance with the Bank’s Company's retirement policy after the date on which you were deemed to have earned any bonus under the applicable bonus or incentive plan.

Appears in 3 contracts

Samples: Employment Agreement (American National Bankshares Inc.), Employment Agreement (American National Bankshares Inc.), Employment Agreement (American National Bankshares Inc.)

Short-Term and Long-Term Incentives. During the Employment Period and beginning for the 2022 2017 calendar year, you may participate in such short-term and/or long-term cash and/or equity incentive plan(s) in such manner and subject to such terms and conditions as the Compensation Committee or the Board of Directors of the Bank, in its sole discretion, may determine. An annual bonus, if any, will be paid within two and a half months after the end of the applicable year. To be eligible to receive any bonus, you must be employed by the Bank on the date such bonus is paid, unless you have retired in accordance with the Bank’s retirement policy after the date on which you were deemed to have earned any bonus under the applicable bonus or incentive plan.

Appears in 1 contract

Samples: Employment Agreement (American National Bankshares Inc.)

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Short-Term and Long-Term Incentives. During the Employment Period and beginning for the 2022 calendar yearPeriod, you may participate in such short-term and/or long-term cash and/or equity incentive plan(s) in such manner and subject to such terms and conditions as the Compensation Committee or the Board of Directors of the Bank, Company in its sole discretion, discretion may determine. An Any annual bonus, if any, cash bonus will be paid within no later than two and a one-half months after the end of the applicable yearyear for which the annual bonus is awarded. To be eligible to receive any bonus, you must be employed by the Bank Company on the date such bonus is paid, unless you have retired in accordance with the BankCompany’s retirement policy after the date on which you were deemed to have earned any bonus under the applicable bonus or incentive plan.

Appears in 1 contract

Samples: Employment Agreement (Union Bankshares Corp)

Short-Term and Long-Term Incentives. During the Employment Period and beginning for the 2022 calendar yearPeriod, you may participate in such short-term and/or long-term cash and/or equity incentive plan(s) in such manner and subject to such terms and conditions as the Compensation Committee or the Board of Directors of the Bank, Company in its sole discretion, discretion may determine. An annual bonus, if any, will be paid within two and a half months after the end of the applicable year. To be eligible to receive any bonus, you must be employed by the Bank Company on the date such bonus is paid, unless you have retired in accordance with the Bank’s Company's retirement policy after the date on which you were deemed to have earned any bonus under the applicable bonus or incentive plan.

Appears in 1 contract

Samples: Employment Agreement (Fauquier Bankshares, Inc.)

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