0001058438-10-000010 Sample Contracts
Long-Term Cash Award Agreement 2010Long-Term Cash Award Agreement • April 28th, 2010 • CFS Bancorp Inc • Savings institution, federally chartered
The long-term cash bonus will be paid on the date on which the bonus, or a portion thereof, becomes vested in accordance with the above vesting schedule, except as provided otherwise in this paragraph. In the event the employee’s employment is terminated for any reason other than Death, Disability, or Retirement prior to vesting, the bonus will be forfeited. In the event of a termination due to Death, Disability, or Retirement, the non-vested portion of the bonus will become vested as of the date of termination. In the event of a Change in Control, the non-vested portion of the bonus will become vested and be paid on the date the Change in Control occurs. The terms “Disability,” “Retirement,” and “Change in Control” will have the same definition used in the CFS Bancorp, Inc. 2008 Omnibus Equity Incentive Plan.
