Cash Bonuses definition

Cash Bonuses means cash payments to Participants under this Plan.

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Cash Bonuses means the average annual bonus earned during Executive’s latest two (2) years of employment with the Bank, including any first year signing bonus, or if Executive has been employed for less than two years, the cash bonus, including any signing bonus which has been earned in the first year of employment. The compensation and benefits payable under this Section 5(d) are hereinafter referred to as “Severance Benefits”, and the applicable period over which the Base Salary plus Cash Bonuses are payable under this Section 5(d)(i) is referred to respectively as the “Restricted Period”.

Cash Bonuses has the meaning given to it in paragraph 22 of this Schedule 2;

Examples of Cash Bonuses in a sentence

• Notwithstanding the foregoing, all payments of Cash Bonuses shall be made on a date that allows such payments to comply with the requirements of Section 409A of the Code.

• The earned Cash Bonus for the year shall be paid when Cash Bonuses are paid to other executive officers of the Employer with respect to such year.

• All payments made under this Agreement (including Base Salary, Cash Bonuses, and other amounts) shall be subject to withholding for income taxes, payroll taxes and other legally required deductions.

• Except as set forth in this Section 1.4 and Section 1.3, all of the Executive’s rights to receive Base Salary, Benefits and Cash Bonuses hereunder (if any) which accrue or become payable after the termination of the Employment Period shall cease upon such termination.

• For purposes of this Agreement, "Average Annual Bonus" shall mean the average of the three (3) most recent annual Cash Bonuses paid to the Employee immediately preceding the determination date.

• Except as set forth in Section 1.4(b), all of the Executive’s rights to Base Salary, Benefits and Annual Cash Bonuses hereunder (if any) which accrue or become payable after the termination of the Employment Period shall cease upon such termination.

• The Company shall have the right to terminate immediately any and all rights the Executive may have with respect to any cash bonuses or other cash incentive opportunities (“Cash Bonuses”) awarded to the Executive under any Incentive Compensation Plan to the extent such Cash Bonuses have not been paid as of the Determination Date.

• The Employee shall be entitled to receive cash bonuses ("Cash Bonus" or "Cash Bonuses"), based upon performance, which may be granted in the future in the discretion of the Employer, consistent with Employer's incentive bonus formula for executive management, as modified from time to time.

• Cash Bonuses are not guaranteed and are granted in the Company’s sole discretion, with the amount variable, based on individual and Company performance, and/or will be calculated in accordance with an applicable short-term incentive program, should the Company, in its discretion, adopt such a program in regards to Executive, in the event of which vesting and participation will be governed by and subject to the applicable plan documentation.

• For purposes of this Agreement, “Average Annual Bonus” shall mean the average of the three (3) most recent annual Cash Bonuses paid to the Employee immediately preceding the determination date.

More Definitions of Cash Bonuses

Cash Bonuses means the average annual bonus earned during the Executive’s latest two years of employment with the Company, including any first year signing bonus, or if the Executive has been employed for less than two years, the cash bonus, including any signing bonus which has been earned in the first year of employment. In the event of a termination pursuant to Section 4(d), the Bank (or its successor) shall pay the Executive a total of two (2) times the sum of his Base Salary plus Cash Bonus, which shall be payable in twenty-four (24) equal monthly installments over the two (2) years following such termination. In addition, in each case under this Section 5(c), the Bank shall continue to pay the Executive or his spouse and eligible beneficiaries, hospitalization insurance premiums (including major medical), long term disability premiums and life insurance premiums for a period of two (2) years or until his earlier death. The compensation and benefits payable under this Section 5(c) are hereinafter referred to as "Severance Benefits", and the applicable periods over which the Base Salary plus Cash Bonuses are payable under this Section 5(c) are referred to respectively as the “Restricted Period”. The payment of Severance Benefits is in recognition and consideration of the value of continued services by Executive to the Bank and is not in any way to be construed as a penalty or damages. Executive shall not be required to mitigate the amount of any payment of Severance Benefits by seeking other employment or otherwise. The payment of Severance Benefits shall not affect any other sums or benefits otherwise payable to Executive under any other employment compensation or benefit or welfare plan of the Bank.

Cash Bonuses has the meaning given to that term in clause 7.8;

Cash Bonuses has the meaning set forth in Section 2.12.