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MCBI » Topics » Role of Executives in Establishing Compensation

This excerpt taken from the MCBI DEF 14A filed Apr 7, 2009.

Role of Executives in Establishing Compensation

The Chief Executive Officer along with management reviews the performance of the named executive officers (other than the Chief Executive Officer) of the Company and based on such review, the Chief Executive Officer makes recommendations to the Compensation Committee regarding the compensation amounts payable to such named executive officers of the Company. The Compensation Committee evaluates the performance of the Chief Executive Officer in consultation with the non-management members of the Board of Directors in light of the Company’s corporate goals and objectives and based on such evaluation, determines and approves the Chief Executive Officer’s compensation level. The Chief Executive Officer is not involved with any aspect of determining his own pay.

This excerpt taken from the MCBI DEF 14A filed Apr 4, 2008.

Role of Executives in Establishing Compensation

The Chief Executive Officer along with management reviews the performance of the named executive officers (other than the Chief Executive Officer) of the Company and based on such review, the Chief Executive Officer makes recommendations to the Compensation Committee regarding the compensation amounts payable to such named executive officers of the Company. The Compensation Committee evaluates the performance of the Chief Executive Officer in consultation with the non-management members of the Board of Directors in light of the Company’s corporate goals and objectives and based on such evaluation, determines and approves the Chief Executive Officer’s compensation level. The Chief Executive Officer is not involved with any aspect of determining his own pay.

This excerpt taken from the MCBI DEF 14A filed Mar 29, 2007.
Role of Executives in Establishing Compensation
 
The Chief Executive Officer along with management reviews the performance of the executive officers (other than the Chief Executive Officer) of the Company, MetroBank and Metro United Bank, and based on such reviews, the Chief Executive Officer makes recommendations to the Compensation Committee regarding the compensation amounts payable to such executive officers of the Company, MetroBank and Metro United Bank. The Chief Executive Officer is not involved with any aspect of determining his own pay. The Compensation Committee establishes the compensation level for the Chief Executive Officer.
 

EXCERPTS ON THIS PAGE:

DEF 14A
Apr 7, 2009
DEF 14A
Apr 4, 2008
DEF 14A
Mar 29, 2007

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