MBHI » Topics » Employment Agreements and Transitional Employment Agreements

This excerpt taken from the MBHI DEF 14A filed Dec 3, 2009.
Employment Agreements and Transitional Employment Agreements
 
When reviewing compensation matters and developing compensation packages for executive officers during 2008, the committee takes into consideration that the Company and certain of its subsidiaries have entered into an employment agreements with Messrs. Giancola and Fritz and transitional employment agreements with each of the other named executive officers and certain other officers. For a discussion of these agreements, “Executive Compensation” as described under “Participation in Capital Program” above, “Employment Agreements” and “Transitional Employment Agreements”. Under our employment agreements and our transitional employment agreements with the other named executive officers, the executive officers are entitled to receive certain payments upon a change-in-control. Our stock plan provides that upon a change in control (as defined in the plan) all unvested stock options and restricted stock awards shall immediately become vested. For a discussion of post-employment termination payments, see “Executive Compensation” as described under “Participation in Capital Program” above and “Potential Payments Upon Termination of Employment or Change-in-Control.”
 
This excerpt taken from the MBHI DEF 14A filed Dec 3, 2009.
Employment Agreements and Transitional Employment Agreements
 
When reviewing compensation matters and developing compensation packages for executive officers during 2008, the committee takes into consideration that the Company and certain of its subsidiaries have entered into an employment agreements with Messrs. Giancola and Fritz and transitional employment agreements with each of the other named executive officers and certain other officers. For a discussion of these agreements, “Executive Compensation” as described under “Participation in Capital Program” above, “Employment Agreements” and “Transitional Employment Agreements”. Under our employment agreements and our transitional employment agreements with the other named executive officers, the executive officers are entitled to receive certain payments upon a change-in-control. Our stock plan provides that upon a change in control (as defined in the plan) all unvested stock options and restricted stock awards shall immediately become vested. For a discussion of post-employment termination payments, see “Executive Compensation” as described under “Participation in Capital Program” above and “Potential Payments Upon Termination of Employment or Change-in-Control.”
 
This excerpt taken from the MBHI DEF 14A filed Apr 3, 2009.
Employment Agreements and Transitional Employment Agreements
 
When reviewing compensation matters and developing compensation packages for executive officers during 2008, the committee takes into consideration that the Company and certain of its subsidiaries have entered into an employment agreements with Messrs. Giancola and Fritz and transitional employment agreements with each of the other named executive officers and certain other officers. For a discussion of these agreements, see Employment Agreements found on page 38 and Transitional Employment Agreements found on page 40. Under our employment agreements and our transitional employment agreements with the other named executive officers, the executive officers are entitled to receive certain payments upon a change-in-control. Our stock plan provides that upon a change in control (as defined in the plan) all unvested stock options and restricted stock awards shall immediately become vested. For a discussion of post-employment termination payments, see Potential Payments Upon Termination of Employment or Change-in-Control found on page 41.
 
This excerpt taken from the MBHI DEF 14A filed Apr 7, 2008.
Employment Agreements and Transitional Employment Agreements
 
When reviewing compensation matters and developing compensation packages for executive officers, the committee takes into consideration that the Company and certain of its subsidiaries have entered into employment agreements with Messrs. Giancola and Fritz and transitional employment agreements with each of the other named executive officers and certain other officers. For a discussion of these agreements, see Employment Agreements found on page 32 and Transitional Employment Agreements found on page 35. Under our employment agreements and our transitional employment agreements with the other named executive officers, the executive officers are entitled to receive certain payments upon a change-in-control. Our stock plan provides that upon a change in control (as defined in the plan) all unvested stock options and restricted stock awards shall immediately become vested. For a discussion of post-employment termination payments, see Potential Payments Upon Termination or Change-in-Control found on page 36.
 
This excerpt taken from the MBHI DEF 14A filed Apr 2, 2007.
Employment Agreements and Transitional Employment Agreements
 
When reviewing compensation matters and developing compensation packages for executive officers, the committee takes into consideration that the Company and certain of its subsidiaries have entered into employment agreements with Messrs. Giancola and Fritz and transitional employment agreements with each of the other named executive officers and certain other officers. For a discussion of these agreements, see Employment Agreements found on page 30 and Transitional Employment Agreements found on page 32. Under our employment agreements and our transitional employment agreements with the other named executive officers, the executive officers are entitled to receive certain payments upon a change-in-control. Our stock plan provides that upon a change in control (as defined in the plan) all unvested stock options and restricted stock awards shall immediately become vested. For a discussion of post-employment termination payments, see Potential Payments Upon Termination or Change-in-Control found on page 33.
 
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