Xxxxxxxxx Compensation. Executive will be entitled to compensation equal to 2.5 times his then current base salary plus 2.5 times the average of Executive’s incentive pay bonuses for the three (3) years preceding the year of termination. This compensation will be paid as a one-time lump sum payment, minus all applicable deductions, within 30 days after the conditions in 5(d)(i) are fully satisfied.
Appears in 3 contracts
Samples: Executive Employment Agreement (CNB Financial Corp/Pa), Executive Employment Agreement (CNB Financial Corp/Pa), Executive Employment Agreement (CNB Financial Corp/Pa)
Xxxxxxxxx Compensation. Executive will be entitled to compensation equal to 2.5 2.99 times his then current base salary plus 2.5 2.99 times the average of Executive’s incentive pay bonuses for the three (3) years preceding the year of termination. This compensation will be paid as a one-time lump sum payment, minus all applicable deductions, within 30 days after the conditions in 5(d)(i5(e)(i) are fully satisfied.
Appears in 1 contract
Samples: Executive Employment Agreement (CNB Financial Corp/Pa)
