Atlantic Capital Bancshares, Inc. Executive Officer Short Term Incentive Plan
Contract Categories:
Human Resources
›
Bonus & Incentive Agreements
Summary
Atlantic Capital Bancshares, Inc. has established a Short Term Incentive Plan for its executive officers, including the CEO. The plan provides cash payouts based on the achievement of key corporate performance metrics, which are set annually by the CEO and approved by the Compensation Committee. Additional payout amounts are determined by the performance of individual business units or departments and the accomplishment of personal objectives. The plan is reviewed and funded each year according to these criteria.
EX-10.17 2 a20151231-ex101710xk.htm EXHIBIT 10.17 Exhibit
10.17
Atlantic Capital Bancshares, Inc. Executive Officer Short Term Incentive Plan
Atlantic Capital’s Executive Officers, including its Chief Executive Officer, are eligible participants in the company’s Executive Officer Short Term Incentive Plan. The Plan is based upon key Corporate Metrics which are recommended by the CEO and approved by the Compensation Committee each year. Each corporate performance metric has equal weighting in the determination of plan funding.
Corporate performance funds a portion of the payout opportunity. The portion of incentive plan funding not determined by corporate performance is based upon the results of the business unit or department and accomplishment of personal performance objectives. The Short Term Incentive Plan is paid out in cash.
