ADDITIONAL ANNUAL COMPENSATION Sample Clauses
The "Additional Annual Compensation" clause defines the terms under which an employee or contractor receives extra payments beyond their base salary each year. This compensation may be tied to performance metrics, company profitability, or other predetermined criteria, and is typically paid as a bonus or incentive. By outlining the conditions and calculation methods for these additional payments, the clause ensures transparency and motivates recipients to achieve specific goals, while also helping employers manage expectations and reward exceptional contributions.
ADDITIONAL ANNUAL COMPENSATION. Employer may, but is not obligated to, pay S▇▇▇▇▇▇▇ as additional annual compensation, during each calendar year ending during the Term of this Agreement, such sums as may annually be determined by the Board, or the Compensation Committee, including bonus, regular and cost of living increases and adjustments.
ADDITIONAL ANNUAL COMPENSATION. In addition to the salary provided under Section 4(a) and the Bonuses provided under Section 4(b), Mr. Aguirre shall be entitled to receive additional annual compensati▇▇ ▇▇ $▇▇,▇00 which includes (i) $10,000 for medical reimbursement, and (ii) $10,000 for automobile expenses.
ADDITIONAL ANNUAL COMPENSATION. In addition to the salary provided under Section 4(a) and the Bonuses provided under Section 4(b), Mr. Vilensky shall be entitled to receive additional annual compensat▇▇▇ ▇▇ $▇▇,▇00 which includes (i) $15,000 for school expenses for Mr. Vilensky's children, (ii) $10,000 for entertainment, (iii) $20,00▇ ▇▇▇ ▇▇▇▇▇▇, (iv) $20,000 for medical reimbursement, and (v) $28,000 for automobile expenses, including the cost of vehicle, maintenance and insurance.
ADDITIONAL ANNUAL COMPENSATION. Employer may, but is not obligated to, pay Froggatt as additional annual compensation, during each calendar year ending during the Term of this Agreement, such sums as may annually be determined by the Board, or the Compensation Committee, including bonus, regular and cost of living increases and adjustments.
ADDITIONAL ANNUAL COMPENSATION. In addition to the salary provided under Section 4(a) and the Bonuses provided under Section 4(b), ▇▇. ▇▇▇▇▇▇ shall be entitled to receive additional annual compensation of $7,500^ for automobile expenses.
ADDITIONAL ANNUAL COMPENSATION. The Company shall pay to Employee "Additional Annual Compensation" during the Term as provided for in Sections 2.2.1 - 2.2.4 herein.
2.2.1 As additional compensation, Employee shall be entitled to receive up to four percent (4%) of gross revenues between zero and $250,000,000.00, plus an additional three percent (3%) of gross revenues between $250,000,000.01 and $500,000,000.00, plus an additional two percent (2%) of gross revenues between $500,000,000.01 and $750,000,000.00 and 1% of gross revenues over $750,000,000.00 or Ten ($10.00) per unit acutely sold and revenue derived resulting from all e-3 Fuel Saver products including any and all Company owned and or licensed predecessors and successors thereto.
2.2.2 For each Employment Year during the Term, Employee shall receive the difference between the Employee’s then Fixed Annual Compensation for the current Employment Year and the amount of additional compensation, as defined in Section 2.2.1 herein, earned for the same period, as a year-end bonus in accordance with the Company’s usual bonus practices.
2.2.3 For each and every Employment Year during the Term of this Agreement, the combined amount Employee’s then Fixed Annual Compensation for the current Employment Year and the amount of any Additional Compensation, as defined in Section 2.2.1 herein payed to Employee for the same Employment Year shall determine Employee’s Fixed Annual Compensation for the next Employment Year.
ADDITIONAL ANNUAL COMPENSATION. Employer may, but is not obligated to, pay Executive as Additional Annual Compensation, during each calendar year ending during the Term of this Agreement, such sums as may annually be determined by the Board, or the Compensation Committee, including bonus, regular and cost of living increases and adjustments.
ADDITIONAL ANNUAL COMPENSATION. Employer may, but is not obligated to, pay Employee as Additional Annual Compensation, during each calendar year ending during the Term of this Agreement, such sums as may annually be determined by the Board of Directors, including bonus, regular and cost-of-living increases and adjustments. It is expected that employee's additional annual compensation (AKA "bonus") will range between fifteen and twenty-five percent (15-25%) of his annual minimum compensation.
ADDITIONAL ANNUAL COMPENSATION. Reasonable automobile allowance as may be determined by the Chief Executive Officer or Executive Committee from time to time.