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EXHIBIT
10.2
AMENDMENTS
TO THE
CARVER BANCOPR, INC.
PERFORMANCE
COMPENSATION PLAN
Subject
to the forfeiture provisions in this Section 6, each Incentive
Payment shall, as long as the Eligible Employee continues to be
employed by an Employer, vest 20% each year on the specified
vesting date, until 100% vested on the specified vesting date of
the fifth year following the Plan Year earned. If the
Eligible Employee’s employment with the Employer terminates,
there shall be no further increase in the Eligible Employee’s
vesting percentage and any portion of the Eligible Employee’s
Incentive Payment that are not vested shall be forfeited upon such
termination. Notwithstanding the foregoing, (a) the
Account Balance shall become fully vested at the effective time of
the consummation of a Change in Control (as defined in the Stock
Plan) as long as the Employee is employed on such effective date
and (b) the Account Balance shall become fully vested if the
Eligible Employee’s employment with an Employer terminates by
reason of death or by reason of Disability of the Eligible
Employee.
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