Attached files
file | filename |
---|---|
EX-4.1 - FNCB Bancorp, Inc. | stockcertificate.pdf |
EX-99.1 - FNCB Bancorp, Inc. | graphproxy.pdf |
10-K - FNCB FORM 10-K - FNCB Bancorp, Inc. | form10k123109.htm |
EX-21 - EXHIBIT 21 (SUBSIDIARIES) - FNCB Bancorp, Inc. | exhibit21.htm |
EX-13 - EXHIBIT 13 (ANNUAL REPORT) - FNCB Bancorp, Inc. | exhibit13.htm |
EX-31.2 - EXHIBIT 31.2 - FNCB Bancorp, Inc. | exhibit312.htm |
EX-99.1 - FNCB Bancorp, Inc. | graphproxy.htm |
EX-32.2 - EXHIBIT 32.2 - FNCB Bancorp, Inc. | exhibit322.htm |
EX-32.1 - EXHIBIT 32.1 - FNCB Bancorp, Inc. | exhibit321.htm |
EX-4.1 - FNCB Bancorp, Inc. | stockcertificate.htm |
EX-31.1 - EXHIBIT 31.1 - FNCB Bancorp, Inc. | exhibit311.htm |
EXHIBIT
10.5
Discretionary
Cash Bonus Plan Description
The
following is a description of the First National Community Bancorp, Inc.
Discretionary Cash Bonus Plan (“Bonus Plan”). The Bonus Plan allows
for the payment of annual cash bonuses to employees who are considered to be
management level and are selected by the board of directors. The
Bonus Plan is administered by the board of directors. The board of
directors may delegate the authority to determine bonuses to a committee or a
member of senior management. Cash bonuses represent the variable
component of the executive compensation program that is tied to our performance
and individual achievement. Our policy is to base a significant portion of our
executive officers’ cash compensation on bonus. In determining bonuses, the
board of directors considers factors such as relative performance of the company
during the year (including the bank’s gross revenue, net income and customer
growth) and the individual’s contribution to our performance, the need to
attract, retain and motivate high quality executives as well as the degree to
which the executive officer met or exceeded certain nonquantitative objectives
established for him/her. Bonuses are not guaranteed or fixed by formula. The
board of directors does not establish performance targets which when reached
automatically provide a bonus, but uses its subjective business experience in
reviewing the relevant information and determining whether and how much of a
bonus is merited. The amount and to whom a bonus is awarded is at the
sole discretion of the board of directors or its designee.