Common Contracts
2 similar Salary Adjustment Agreement contracts by Mb Financial Inc /Md
MB FINANCIAL, INC. Agreement Regarding Salary Adjustment and Portion of Salary Payable by StockSalary Adjustment Agreement • March 4th, 2010 • Mb Financial Inc /Md • Savings institution, federally chartered
By action of the Organization and Compensation Committee (the “Committee”) of the Board of Directors (the “Board”) of MB Financial, Inc. (the “Company”) and of the Board, you have been awarded additional base compensation effective January 1, 2010 (the “Salary Adjustment”) equal to $471,000 on an annualized basis, of which 60%, or $282,600, will be payable in Company common stock (the “Salary Stock”) and the remainder paid in cash. The Salary Stock will to be paid to you in Shares as an Other Stock-Based Award under the Company’s Amended and Restated Omnibus Incentive Plan (the “Plan”), subject to the requirements set forth in this agreement (the “Agreement”). Unless otherwise indicated, the capitalized terms used herein shall have the same meaning as set forth in the Plan.
MB FINANCIAL, INC. Agreement Regarding Salary Adjustment and Portion of Salary Payable by StockSalary Adjustment Agreement • March 4th, 2010 • Mb Financial Inc /Md • Savings institution, federally chartered
By action of the Organization and Compensation Committee (the “Committee”) of the Board of Directors (the “Board”) of MB Financial, Inc. (the “Company”) and of the Board, you have been awarded additional base compensation effective January 1, 2010 (the “Salary Adjustment”) equal to $156,000 on an annualized basis, of which 60%, or $93,600, will be payable in Company common stock (the “Salary Stock”) and the remainder paid in cash. The Salary Stock will to be paid to you in Shares as an Other Stock-Based Award under the Company’s Amended and Restated Omnibus Incentive Plan (the “Plan”), subject to the requirements set forth in this agreement (the “Agreement”). Unless otherwise indicated, the capitalized terms used herein shall have the same meaning as set forth in the Plan.
