Adjustment of Compensation. If the term of this contract is more than 1 year, the minimum monetary wages and fringe benefits required to be paid or fur- nished thereunder to service employees under this contract shall be subject to adjustment after 1 year and not less often than once every 2 years, under wage determinations issued by the Wage and Hour Division.
Adjustment of Compensation. At the time of the Annual Review, the Board will also consider any further adjustments to total potential cash compensation which may be appropriate to adjust given changes in total cash compensation of comparable organizations. The amount of percentage change for comparable organizations will be determined by annually using data from Integrated Healthcare Strategies (or a similarly qualified consultant). Total cash compensation for the purposes of the percentage increase shall include salary and any potential incentive compensation amount.
Adjustment of Compensation. The Company and Executive agree that it is their mutual intention, and it is the intention of the Board and the Compensation Committee (to the extent of any delegation of Board authority to the Compensation Committee), that the total of (a) the Base Salary to be paid to Executive pursuant to Section 3.1(a) hereof, (b) the target amount of the Bonus which Executive will have the opportunity to earn, subject to attainment of performance criteria, pursuant to Section 3.1(b) hereof and (c) the grant-date fair value of the long-term incentive compensation awarded pursuant to Section 3.1(c) hereof (the “Total Compensation”) for each year shall not be less than the seventy-fifth (75th) percentile of the total annual base salary, bonus and long-term incentive award for the immediately preceding year paid or awarded to the most highly compensated president and/or chief operating officer in the “peer group” companies selected by the Board with the approval of the Executive, consistent with the rules and regulations of the U.S. Securities and Exchange Commission and the rules applicable to listed companies of the New York Stock Exchange (or any other exchange on which the Company’s common stock is listed). It is also agreed that the Board may rely upon any compensation consultant engaged by the Board or the Compensation Committee for advice in connection with compensation matters affecting the Company’s senior executive officers in ascertaining the aforementioned seventy-fifth (75th) percentile under this Section 3.2.
Adjustment of Compensation and Contract time because of any major changes in the work that may become necessary or desirable as the work progresses shall be left to the absolute discretion of the County and supplemental Agreement(s) of such a nature as required may be entered into by the parties in accordance herewith.
Adjustment of Compensation. At the time one party becomes the Lead Party or if the provisions of Sections 3.7 or 5.4 applies, the first event payment specified in Section 6.1 or Section 6.2, as applicable, will be adjusted with regard to the party with the higher Research Project Costs during the Research Phase. For this purpose, each party shall track its FTE costs and its Variable Costs. The adjustment of the first event payment will then be calculated as follows: Adjustment = [Variable Costs occurred for the project at Partner Party]-[Variable Costs occurred for the project at Lead Party] + [FTEs used by Partner Party] x **** — [FTEs used by Lead Party] x **** The adjustment shall be added to the first event payment number. For example, if the adjustment is -**** and Roche is the Lead Party, the first event payment is ****. The adjustment shall in no case exceed the amount of **** For the sake of clarity, the costs of activities carried out by either party prior to initiation of the Research Project and that are specific for the Research Plan shall be included in the Parties Research Project Costs. In the case of the Kv1.3 Research Project this would include the high throughput screening costs already incurred by EVOTEC.
Adjustment of Compensation. The School District, acting by and through its Board of Education, reserves the right to adjust said compensation, however, not to reduce the annual compensation to any lesser amount than as herein stated. Any adjustment in compensation made during the term of this contract shall be in the form of an amendment and shall be incorporated as part of this agreement by reference herein; provided, however, that in making any such compensation adjustment, it shall not be considered that the School District has entered into a new agreement, nor shall the termination date of this agreement be thereby extended, unless the Board of Education, by specific action, shall expressly extend such termination date. In no event shall any such extension, together with the un-expired term of this agreement or any prior extension, be for a period in excess of three years.
Adjustment of Compensation. The amount paid to the Executive each payroll period under subsection (a) shall be prorated to reflect the number of business days the Executive actually works each payroll period. The Executive’s entitlement to vacation accrual and executive benefit plan participation opportunity (including but not limited to opportunity to receive an annual bonus) shall be prorated based on the number of business days the Executive is expected to work on an annual basis.
Adjustment of Compensation. The compensation may be adjusted, either up or down, as a result of the annual review of the actual mix of business by the Insurance Companies. The actual results will be compared to a target return. If results are better than the target, to the extent allowed by law: First year commissions will be increased retroactively to share in 50% of the Excess. Commissions will be capped at 15%. If results are worse than the target, to the extent allowed by law: The difference will be neutralized by: First, reduce any of the revenue sharing in excess of 15 bps Second, reduce, retroactively, first year compensation. For any variable product, the Insurance Company may elect, from time to time, to make advances of compensation to the Distributor. Any such advance shall be deemed a loan, payable upon demand, and secured by a first lien (security interest) upon compensation payable by the Insurance Company to the Distributor, without he necessity of execution of any further document, and Insurance Company shall be entitled to set off amounts owed to it by Distributor against any amounts owed to Distributor by the Insurance Company.
Adjustment of Compensation. Aetna may adjust the Commission rate set forth in Schedule 1 to Appendix A. Aetna shall provide written notice to Upline of any such adjustment at least 30 days prior to the effective date of such change. Upline and/or Agents shall be paid the Commission amount based on the rate that is in effect pursuant to the terms of this Agreement or any amendment hereof on the Medicare Product’s policy effective date, unless Applicable Law requires otherwise. In addition, Aetna may adjust the Referral fees at any time by providing written notice to Upline of any such adjustment at least 30 days prior to the effective date of such change. Upline and/or Agents shall be paid the Referral fee that is in effect pursuant to the terms of this Agreement or any amendment hereof on the Medicare Product’s policy effective date, unless Applicable Law requires otherwise. Notwithstanding the foregoing, Aetna may adjust the amount of any Commission rate (including those payable for Renewals as described in Appendix A) and/or Referral fee and/or modify Schedule 1 to Appendix A unilaterally and without prior notice to Upline to comply with Applicable Law (including CMS guidance or direction).
Adjustment of Compensation. Employee agrees to a reduction in compensation for a period three (3) months, or until such funding has been received by the Company in the amount of $1,000,000 or more. The adjustment of compensation shall equal $3,000.00 (30%) per payroll period and shall terminate upon the earliest of the above events. Employee Insynq, Inc. /s/ Xxxxx X. Xxxxx /s/ Xxxx X. Xxxxx --------------------------- -------------------------------- By: By: /s/ Xxxxx X. Xxxxx Xxxx X. Xxxxx --------------------------- -------------------------------- Xxxxx X. Xxxxx Print Name (Xxxx X. Xxxxx) September 27, 2000 September 27, 2000 --------------------------- -------------------------------- Date Date AMENDMENT NO. 1 EMPLOYMENT AGREEMENT Effective October 19, 2000, Employee shall be granted Non Qualified Stock Option ("Option") for 300,000 shares of the Company's Common Stock and such Options shall vest in the following manner: The first 150,000 shares shall vest when Insynq secures $500,000 financing, whether debt or equity line The remaining 150,000 shares shall vest when Insynq, Inc. secures financing in the amount of $500,000 or greater, whether debt or equity line. NONQUALIFIED STOCK OPTION AGREEMENT UNDER THE INSYNQ, INC. 2000 LONG TERM INCENTIVE PLAN Date of Grant: October 19, 2000 Name of Optionee: Xxxxx Xxxxx Number of Shares: 300,000 Price Per Share: $.81, the Closing Price of a share of Insynq, Inc. on October 19, 2000. Insynq, Inc. (the "Company"), hereby grants to the above-named Optionee (the "Optionee") an option (the "Option") to purchase from the Company, for the price per share set forth above, the number of shares of Common Stock, $.001 par value (the "Stock"), of the Company set forth above pursuant to Insynq, Inc. 2000 Long Term Incentive Plan (the "Plan"). This Option is not intended to constitute an "incentive stock option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").
