2005 Compensation Sample Clauses

2005 Compensation. Subject to the terms and conditions of this Agreement, you shall receive 2005 total compensation in an amount at least equal to $600,000 (“2005 Minimum Total Compensation”). Your 2005 Minimum Total Compensation amount (which includes amounts already paid to you for services rendered in calendar year 2005) includes your current base salary through December 31, 2005, Company contributions made on your behalf into the 401(k) plan, and any other form of cash compensation that you may receive. You shall continue to receive your current base salary on regularly scheduled paydays through December 31, 2005. The 2005 year-end benefit payments are payable on or around January 15, 2006.
Sample 1
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2005 Compensation. For the period from January 1, 2005 through the End Date, you will be paid base salary at a rate equal to 104% of the rate that was in effect during 2004 and, in addition, you will be paid, in lieu of an annual bonus for 2005, an amount equal to 104% of your 2004 bonus multiplied by a fraction, the numerator of which is the number of days from January 1, 2005 through the End Date, inclusive, and the denominator of which is 365. The base salary component will be paid to you in accordance with CIT’s normal payroll practices. The payment in lieu of bonus will be paid to you not later than the End Date.
Sample 1
2005 Compensation. (a) Employee's annual base salary, and the annual base salary of Jack Murphy ("Murphy"), shall be increased xx x xxxxx foxxxxx basis effective August 1, 2005 for the remainder of the term hereof to $800,000, without retroactive adjustment for periods prior August 1, 2005.
Sample 1
2005 Compensation. Executive shall be entitled to his current annual base salary of $320,000, employee benefits and continued eligibility for awards under the current year’s incentive compensation opportunity pursuant to the Company’s 2003 Executive Incentive Compensation Plan (the "EICP”) through December 31, 2005. The performance measures approved by the Board of Directors under the EICP for Executive for 2005 include, as a thirty (30) percent discretionary performance measure (as defined in the EICP), execution of a contract with Tinep SA de CV (“Tinep”) relating to water processing by the target date of July 31, 2005 that is on terms and conditions reasonably satisfactory to the Company’s Board of Directors.
Sample 1

Related to 2005 Compensation

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

  • Bonus Compensation The Executive shall not receive any bonus payment whatsoever pursuant to Section 3.02 or the Bonus Plan except such bonus which is already earned and due to be paid up to and including the Termination Date, notwithstanding any period following the Termination Date during which the Executive may receive any payments or benefits under the terms of the Agreement.

  • Separation Compensation In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the following:

  • Payment of Compensation Subject to the provisions of this paragraph, payment of the Subadviser's compensation for the preceding month shall be made within 15 days after the end of the preceding month.

  • Salary Compensation As salary compensation for Employee's services hereunder and all the rights granted hereunder by Employee to the Company, the Company shall pay Employee a gross salary of not less than $175,000 during the term of this Agreement. Employee's salary shall be payable in bi-weekly increments in accordance with the Company's payroll practices for salaried employees, upon the condition that Employee fully and faithfully performs Employee's services hereunder in accordance with the terms and conditions of this Agreement. The Company shall deduct and withhold from the compensation payable to Employee hereunder any and all amounts required to be deducted or withheld by the Company under the provisions of any statute, regulation, ordinance, or order and any and all amendments hereinafter enacted requiring the withholding or deducting from compensation payable to employees.

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Compensation Benefits Etc During the Employment Period, the Manager shall be compensated as follows:

  • Annual Bonus Compensation In addition to your Salary, during the Employment Term you shall be eligible to earn an annual bonus for each whole or partial calendar year during the Employment Term, determined and payable as follows (the “Bonus”):

  • Compensation Benefits In consideration of Executive's services hereunder, the Company shall provide Executive the following:

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.

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