2004 HOLDING COMPANY CEO BONUS PLANEmployee Bonus Plan Agreement |
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EXHIBIT 10.18
2004 HOLDING COMPANY CEO BONUS PLAN
PLAN OBJECTIVE: To encourage, recognize and reward exceptional levels of company
and individual performance.
PLAN CYCLE: Annual/Calendar Year
PLAN PARTICIPANTS: Chief Executive Officer, Community Shores Bank Corporation
FORM OF AWARD: Cash
TIMING OF AWARD: Normally paid by the end of January of the following year.
TERMINATION OF EMPLOYMENT: No award will be paid if the participant is no longer
employed. Exceptions will be determined, by the Board of Directors, in the case
of death, disability or prorated for when retirement occurs.
Other: Participants in the plan are not eligible to participate in and receive
incentive payments under any other incentive plan unless approved by the
Compensation Committee of the Board.
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AWARD CRITERIA: HOLD COMPANY CEO
