Annual Review of Compensation. No later than the end of the second quarter of its fiscal year, Employer shall review Executive's performance under this Agreement and establish goals and objectives for Executive's performance for the next fiscal year. In such review, Employer, in its reasonable discretion, shall consider increasing Executive's Base Salary and other compensation based on relevant factors such as Executive's performance, Employer's accomplishments, increase or decrease in Executive's responsibilities, and cost of living increases. Any Base Salary increases normally are to be effective on such date as may be specified by Employer.
Annual Review of Compensation. The Board will review the Minister’s salary, housing, and benefits annually, in consultation with any appropriate committee(s), taking into consideration such factors as merit in meeting or exceeding expectations, increases in the cost of living, changes in the cost of benefits, and the financial means of the Congregation. This review will also take into consideration how the Minister’s and other staff compensation compares to the UUA Compensation Guidelines. Such recommendations will be considered as a part of the normal budgeting process.
Annual Review of Compensation. 3.4.1. The Board of Trustees will review the Minister’s compensation annually in consultation with GMAC, Finance Committee, and Personnel Committee, and will recommend adjustments to the Congregation, taking into consideration such factors as merit in meeting or exceeding expectations, increases in the cost of living, changes in the cost of benefits, and the financial means of the Congregation.
Annual Review of Compensation. The compensation of the CEO will be reviewed yearly pursuant to the Compensation Policy, provided that the Base Salary shall never be less than the amount agreed to in Exhibit A to this Contract.
Annual Review of Compensation. At least annually, the Board or an authorized committee of the Board will consider and review Executive’s Base Salary, annual bonus opportunity, and equity position (the “Total Compensation Opportunity”). As part of the review, the Board (or its authorized committee) will consider, as it deems appropriate, market survey data provided by an independent third party for similarly situated executives at peer or otherwise comparable companies (based on industry and other data as determined by the Board or its authorized committee). Pursuant to this review and in consultation with Executive, the Board or its authorized committee will adjust and establish in good faith Executive’s Total Compensation Opportunity. Notwithstanding the foregoing and for purposes of clarity, the portion of the Total Compensation Opportunity attributable to Executive’s annual bonus opportunity, if any, will not be guaranteed and will be subject to personal performance metrics and other criteria which Executive and the Company must achieve, as determined from time to time by the Board or its authorized committee.
Annual Review of Compensation. During the Term, the compensation ----------------------------- package of the Executive shall be reviewed no less frequently than annually by the Board or an appropriate committee thereof to determine whether or not the same should be increased or enhanced in light of the duties and responsibilities of the Executive and the performance thereof. If it is determined that a base salary increase is merited, such increase shall be promptly put into effect and the base salary of the Executive as so increased shall constitute the base salary of the Executive for purposes of Paragraph 3.
Annual Review of Compensation. During the Employment Period, the Executive's Base Compensation shall be reviewed on an annual basis. The first such review shall be made no later than the one-year anniversary of the date of Commencement of Operations and shall be conducted by the Bank's Board, or a committee designated by the Bank's Board, and such Board or committee, as applicable, may in its discretion, (i) increase (to reflect the Executive's performance and to maintain a compensation level comparable to that of similarly situated senior executives in the financial institutions industry), but not decrease, the Executive's Base Compensation then in effect to an amount greater than required subsequent to the COLA Adjustment; or (ii) shall be increased by the COLA Adjustment annually as of the beginning of each Fiscal Year, commencing with the first Fiscal Year beginning after the Commencement of Operations. The Base Compensation shall be pro-rated for any Fiscal Year hereunder that is less than a full Fiscal Year.
Annual Review of Compensation. The Board will review the Minister’s salary, housing, and benefits annually in consultation with any appropriate committee(s), and will recommend adjustments to the Congregation, taking into consideration such factors as merit in meeting or exceeding expectations, increases in the cost of living, changes in the cost of benefits, and the financial means of the Congregation. This review will also take into consideration how the Minister’s and other staff compensation compares to the UUA Compensation Guidelines. The Congregation will consider such recommendations as a part of the normal budgeting process, and will act upon the recommendations at the annual Congregational meeting held to consider the budget.
Annual Review of Compensation. Should the Minister’s contract be renewed the Board will review the Minister’s salary, housing, and benefits annually in consultation with any appropriate committee(s), and will inform the Congregation of any adjustments, taking into consideration such factors as merit in meeting or exceeding expectations, increases in the cost of living, changes in the cost of benefits, and the financial means of the Congregation. This review will also take into consideration how the Minister’s and other staff compensation compares to the UUA Compensation Guidelines.
Annual Review of Compensation. The Board (or the Compensation Committee) shall undertake a review of rate of Base Salary and the Target Bonus Percentage and Maximum Bonus Percentage (the “Bonus Percentages”) not less frequently than annually during the Employment Period and may increase, but not decrease, the rate of Base Salary and the Bonus Percentages from those then in effect. In addition, the Employer hereby agrees and acknowledges that Employee’s annual focal equity incentive award will have a target value that is substantially in line with the target value of equity awards granted at the same time to other senior executives who report directly to the Chief Executive Officer of the Employer and will have terms and conditions consistent with the terms and conditions of equity incentive awards made to other senior executives who report directly to the Chief Executive Officer of the Employer for that same period.
