MBHI » Topics » Performance Pay

This excerpt taken from the MBHI DEF 14A filed Dec 3, 2009.
Performance Pay
 
Under the terms of their employment agreements for 2008, Mr. Giancola and Mr. Fritz were eligible for performance based awards with a range from zero to 70% of their base salaries in cash and the other executive officer group members were eligible for performance based awards ranging from zero to 80% of their base salaries in a combination of cash and stock.
 
As targeted total compensation levels are determined, we also determine the portion of total compensation that will be contingent, performance-based pay. Performance-based pay generally includes awards made under our incentive plan for achievement of specified performance objectives. For 2008, no incentive compensation was paid to the executive officers.
 
This excerpt taken from the MBHI DEF 14A filed Dec 3, 2009.
Performance Pay
 
Under the terms of their employment agreements for 2008, Mr. Giancola and Mr. Fritz were eligible for performance based awards with a range from zero to 70% of their base salaries in cash and the other executive officer group members were eligible for performance based awards ranging from zero to 80% of their base salaries in a combination of cash and stock.
 
As targeted total compensation levels are determined, we also determine the portion of total compensation that will be contingent, performance-based pay. Performance-based pay generally includes awards made under our incentive plan for achievement of specified performance objectives. For 2008, no incentive compensation was paid to the executive officers.
 
This excerpt taken from the MBHI DEF 14A filed Apr 3, 2009.
Performance Pay
 
Under the terms of their employment agreements for 2008, Mr. Giancola and Mr. Fritz were eligible for performance based awards with a range from zero to 70% of their base salaries in cash and the other executive officer group members were eligible for performance based awards ranging from zero to 80% of their base salaries in a combination of cash and stock.
 
As targeted total compensation levels are determined, we also determine the portion of total compensation that will be contingent, performance-based pay. Performance-based pay generally includes awards made under our incentive plan for achievement of specified performance objectives. For 2008, no incentive compensation was paid to the executive officers.
 
This excerpt taken from the MBHI DEF 14A filed Apr 7, 2008.
Performance Pay
 
As targeted total compensation levels are determined, we also determine the portion of total compensation that will be contingent, performance-based pay. Performance-based pay generally includes awards made under our incentive plan for achievement of specified performance objectives. For 2007, 39% of the incentive compensation was paid in cash and the remainder in the form of performance-accelerated restricted stock awards. Under the terms of their employment agreements, Mr. Giancola and Mr. Fritz are eligible for performance based awards with a range from zero to 70% of their base salaries in cash and the other named executive officers are eligible for performance based awards ranging from zero to 80% of their base salaries in a combination of cash and stock.
 
This excerpt taken from the MBHI DEF 14A filed Apr 2, 2007.
Performance Pay
 
As targeted total compensation levels are determined, we also determine the portion of total compensation that will be contingent, performance-based pay. Performance-based pay generally includes awards made under our incentive plan for achievement of specified performance objectives. For 2006, 50% of the incentive compensation was paid in cash and the remainder in the form of performance-accelerated restricted stock awards. Under the terms of their employment agreements, Mr. Giancola and Mr. Fritz are eligible for performance based awards with a range from zero to 70% of their base salaries and the other named executive officers are eligible for performance based awards ranging from 16% to 80% of their base salaries.
 
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