Examples of Bancorp Board in a sentence
The Bank or Bancorp Board shall timely, and at least once yearly, determine the amount of and the formulas and methods for establishing such bonus compensation.
The Bancorp Board or the management of Bancorp may, in its discretion, make exceptions to one or more of the conditions contained in the Agreement, provided that any such exceptions must be approved in writing.
The Bancorp Board may grant Employee a leave or leaves of absence, with or without pay, at such time or times and upon such terms and conditions as the Board may determine.
The Bancorp Board shall timely, and at least once yearly, determine the amount of and the formulas and methods for establishing such bonus compensation.
If the Bancorp Board decides not to extend the term, this Agreement shall nevertheless remain in force until its existing term expires.
The term “Incumbent Director” shall mean any director who as of the Effective Date was a member of the Bancorp Board, or any individual becoming a member of the Bancorp Board subsequent to the Effective Date whose election by the shareholders of Bancorp was recommended by at least two-thirds (2/3) of the then Incumbent Directors on the Bancorp Board.
Subject to the terms and conditions hereof, employee shall perform such duties and exercise such authority as are customarily performed and exercised by persons holding such office, subject to the general direction of the Bancorp Board.
Based on the calculations and determinations of the Tax Adviser, the Bancorp Board shall reduce the Excess Payments in a manner determined by the Bancorp Board in its discretion and that is consistent with the requirements of Section 409A of the Code until no amount payable to Executive pursuant to this Section 9 will be subject to the excise tax imposed under Section 4999.
Executive's responsibilities, duties, prerogatives and authority in such offices shall be those customary for persons holding such offices of institutions in the financial institutions industry, as well as such other duties of an executive, managerial or administrative nature, which are consistent with such offices, as shall be specified and designated from time to time by the Board of Directors of the Bancorp (the "Bancorp Board").
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