ARTICLE 3 - COMPENSATION Sample Clauses
ARTICLE 3 - COMPENSATION defines the terms and conditions under which payment will be made for services or goods provided under the agreement. This clause typically outlines the amount to be paid, the payment schedule, acceptable methods of payment, and any conditions or milestones that must be met before payment is released. By clearly specifying how and when compensation is handled, this clause helps prevent disputes over payment and ensures both parties understand their financial obligations.
ARTICLE 3 - COMPENSATION. As the total consideration for the services that Executive renders under this Agreement, Executive shall be entitled to the following:
ARTICLE 3 - COMPENSATION. As the total consideration for the services that Executive renders under this Agreement, and except to the extent limited by applicable federal and state law, rule or regulation, including but not limited to the TARP Regulations as then applicable to the Bank (if at all), Executive shall be entitled to the following:
ARTICLE 3 - COMPENSATION. As the total consideration for the services that Executive renders under this Agreement, Executive shall be entitled to the following: Base Salary. Effective September 6, 2007, the Bank shall pay Executive a base salary of One Hundred Fifty Thousand Dollars ($150,000.00) per year, less income tax and other applicable withholdings. On or before February 28th of each year, the CEO shall review the base salary payable to Executive under this Agreement and shall determine, in the CEO’s sole discretion, whether or not to adjust such salary. Any such adjustment shall be effective as of the first day of March of each calendar year. Nothing in this Section 3.1 shall obligate the Bank to increase the salary payable to Executive as a result of any such review; provided that in no event shall the Bank reduce the salary payable to Executive as a result of such review. Base salary shall be paid in accordance with Bank’s regular payroll practices.
ARTICLE 3 - COMPENSATION. 3.1. The schedule of job classifications by salary grade is attached hereto as Exhibit C; the wage
3.2. All new civil and clerical employees shall start at the Hire Rate of pay as set forth in Exhibit E. On their anniversary date of appointment (one year), the employee shall move to the Working Rate of pay. All new Deputy Sheriffs without the Bureau of Municipal Police Training Council (MPTC) academy certification will be hired at the Trainee Rate. Upon graduation, that employee shall move to the Hire Rate and on their anniversary date of hire that employee shall move to the Working Rate of pay as set forth in Exhibit E.