BASE COMPENSATION AND BONUSES Sample Clauses

BASE COMPENSATION AND BONUSES. For all the services to be rendered by Executive pursuant to his Agreement, the Company shall pay Executive a Base Compensation as set forth on the "Schedule of Compensation" attached to this Agreement as Exhibit A and made a part hereof by this reference. Said Compensation shall be payable in accordance with the Company's regular payroll procedures. In the event Executive receives any periodic payments representing lost compensation under any health, disability, accident and/or salary continuation insurance policy, the premiums for which have been paid by the Company, the amount of salary that Executive would be entitled to receive from the Company shall not be decreased by the amount of such payments. Executive shall also be entitled to any cash bonuses as may be granted by the Company from time to time with regard to his services as an employee of the Company. The Company and Executive from time to time by mutual agreement may reflect increases in Executive's Base Compensation by entering any such increase upon Exhibit A. If an increase is entered on Exhibit A and duly signed by the Company and Executive, such entry shall constitute an amendment to this Agreement as of the effective date of such entry designated in such Exhibit A and shall supersede the Base Compensation provided for in this Section 4.01 or any other increase or increases previously made in Exhibit A. In the event that the Company requests and Executive agrees to the deferral of part or all of Executive's Base Compensation, Executive shall be entitled to repayment of such base amount, plus an additional amount as shall be provided in detail on the "Schedule for Repayment and Computation of Deferred Compensation" attached to this Agreement as Exhibit B and made a part of this Agreement by this reference. The parties acknowledge that the Company has assumed the liability for certain accrued, but unpaid, compensation due to Executive for startup activities incurred by the Company's parent organization prior to the incorporation of the Company, and relating to fiscal year ended December 31, 1996, which amounts are reflected and subject to the terms set forth on Exhibit B. At the time of any entry on Exhibit B, such entry shall be duly signed by the Company and Executive and such entry shall constitute an amendment to this Agreement as of the effective date of such entry designed in such Exhibit B.
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BASE COMPENSATION AND BONUSES. For services rendered by the Executive during the first year of the Initial Term, the Company shall pay to the Executive a salary of $100,000 payable in equal installments pursuant to the Company's customary payroll procedures in effect for its executive personnel at the time of payment, but in no event less frequently than monthly, subject to withholding for applicable federal, state, and local taxes. Thereafter, the Company shall pay to the Executive an annual salary of $150,000, payable in equal installments pursuant to the Company's customary payroll procedures in effect for its executive personnel at the time of payment, but in no event less frequently than monthly, subject to withholding for applicable federal, state, and local taxes. The annual salary to be paid to the Executive in each of the three years during the term of this Agreement is hereinafter referred to as "Base Compensation." If on the first anniversary of the Effective Date the Company is operating three restaurant, bar and night-club units, then the Executive shall be entitled to a bonus of $50,000, to be paid to the Executive within 14 days after the first anniversary of the Effective Date. Thereafter, the Executive shall be entitled to increases in Base Compensation and bonuses in each of the two remaining years during the term of this Agreement, to be determined by the Compensation Committee of the Board based on periodic reviews of the Executive's performance conducted on at least an annual basis. The Executive's Base Compensation shall not be reduced during the term of this Agreement.
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BASE COMPENSATION AND BONUSES. (a) For all of the services rendered by Employee to the Company, Employee shall receive Base Compensation at the annual rate of Two Hundred Twenty-One Thousand Dollars ($221,000), less taxes and other deductions required by law. The Base Compensation shall be paid to the Employee in bi-weekly installments.
Sample 1
BASE COMPENSATION AND BONUSES. AHI shall pay to MPH his annualized salary payments through the Closing Date and shall reimburse MPH for all out-of-pocket expenses reasonably incurred in the course of his employment with respect to AHI matters through the Closing Date, subject to submittal of customary documentation in accordance with AHI's policies and procedures. In addition, on the Closing Date, AHI shall pay to MPH the amount of base compensation plus accrued vacation MPH would have received per the terms of his Employment Agreement had he continued to serve as CEO of AHI from the Closing Date through February 15, 2003, subject to customary withholding. MPH agrees that on the Closing Date he shall be entitled to no bonus with respect to services rendered during any of 2002 (except to the extent already paid) or any rights to stock, stock options or any other direct or indirect equity interests in AHI or any of its affiliates, with the exception of stock or stock options which have already been issued to him by AHI prior to the date of execution of this Agreement.
Sample 1
BASE COMPENSATION AND BONUSES. 1. The Employee shall receive an annual salary of ONE HUNDRED TWENTY-FIVE THOUSAND AND NO/100 DOLLARS ($125,000.00) payable in accordance with the customary payroll practices of the Company.
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BASE COMPENSATION AND BONUSES 
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Related to BASE COMPENSATION AND BONUSES

  • Incentive and Bonus Compensation The Executive shall be eligible to participate in the Company’s existing and future bonus and stock option plans and other incentive compensation programs for similarly situated executives (collectively, “Plans”), to the extent that the Executive is qualified to participate in any such Plan under the generally applicable provisions thereof in effect from time to time. Such eligibility is not a guarantee of participation in or of the receipt of any award, payment or other compensation under any Plan. To the extent the Executive does participate in a Plan and the Plan does not expressly provide otherwise, the Chief Executive Officer and/or the Board, as appropriate, may determine all terms of participation (including, without limitation, the type and size of any award, payment or other compensation and the timing and conditions of receipt thereof by the Executive) in the Chief Executive Officer’s or the Board’s sole and absolute discretion. Nothing herein shall be deemed to prohibit the Company or the Board from amending or terminating any and all Plans in its sole and absolute discretion. Except as otherwise provided herein, the terms of each Plan shall govern the Executive’s rights and obligations thereunder during the Executive’s employment and upon the termination thereof. Without limiting the generality of the foregoing, the definition of “Cause” hereunder shall not supersede the definition of “cause” in any Plan (unless the Plan expressly defers to the definition of “cause” under an executive’s employment agreement) and any rights of the Executive hereunder upon and subsequent to the termination of the Executive’s employment shall be in addition to, and not in lieu of, any right of the Executive under any Plan then in effect upon or subsequent to a termination of employment.

  • Base Compensation a. The Company and the Bank agree to pay Executive during the term of this Agreement a base salary at the rate of $ per year, payable in accordance with customary payroll practices.

  • 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.

  • Base Salary and Bonus As compensation for the Executive's services under this Agreement, the Executive shall receive and the Company shall pay a weekly base salary set forth on Exhibit A. Such base salary may be increased but not decreased during the Term or Renewal Period in the Company's discretion based upon the Executive's performance and any other factors the Company deems relevant. Such base salary shall be payable in accordance with the policy then prevailing for the Company's executives. In addition to such base salary, the Executive shall be entitled during the Term or Renewal Period to a performance bonus set forth on Exhibit A and to participate in and receive payments from, at the Company's election, other bonus and other incentive compensation plans, if any, as may be adopted by the Company.

  • Salary and Bonus (a) During the Term of this Agreement, the Company shall pay Executive an annual base salary of $425,000 per year (the “Base Salary”). The Base Salary shall be payable to the Executive in substantially equal installments in accordance with the Company’s normal payroll practices.

  • 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”):

  • Severance Compensation In the event (i) Employee terminates this Agreement for Good Reason in accordance with Paragraph 11.3 hereof; (ii) Employee is terminated for any reason (except death or disability) upon, or within six months following, a "Change in Management or Control (as such term is defined in Paragraph 11.5 hereof);" or (iii) Employee is terminated without Cause, the Company shall be obligated to pay severance compensation to Employee in an amount equal to his salary compensation (at the rate payable at the time of such termination) for a period of six (6) months from the date of termination. Notwithstanding the foregoing, if Employee is employed by a new employer, or as a consultant after the termination of this Agreement, the severance compensation payable to Employee hereunder shall be reduced by the amount of compensation that Employee actually receives from the new employer, or as a consultant. However, Employee shall have a duty to inform the Company that he has obtained such new employment, and the failure to do so is a material breach of this Agreement. In such event, the Company shall be entitled to (i) cease all payments to Employee under this Paragraph 11.4; and (ii) recover any unauthorized payments to Employee in an action for breach of contract. Notwithstanding anything else in this Agreement to the contrary, solely in the event of a termination upon or following a Change in Management or Control, the amount of severance compensation paid to Employee hereunder shall not include any amount that the Company is prohibited from deducting for federal income tax purposes by virtue of Section 280G of the Internal Revenue Code of 1986, as amended, or any successor provision. In addition to the foregoing severance compensation, the Company shall pay Employee (i) all compensation for services rendered hereunder and not previously paid; (ii) accrued vacation pay; and (iii) any appropriate business expenses incurred by Employee in connection with his duties hereunder and approved pursuant to Section 4 hereof, all through the date of termination. Employee shall not be entitled to any bonus compensation, whether vested or unvested; or any other compensation, benefits or reimbursement of any kind.

  • 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.

  • Other Compensation and Benefits Except as may be provided under this Agreement,

  • Base Salary and Incentive Compensation The Company shall pay to Executive (i) his Base Salary (as in effect as of the date of his termination) and (ii) Incentive Compensation (in an aggregate amount equal to the applicable portion of the cash Incentive Compensation received by the Executive for the most recent fiscal year prior to his termination) as follows: Years of Base Payout Service Salary Incentive Compensation Period Less than one 3 months 25% of the Short Term Incentive Plan award for the most recent full fiscal year prior to termination 3 months One but less than two 6 months 50% of the Short Term Incentive Plan award for the most recent full fiscal year prior to termination 6 months Two but less than three 9 months 75% of the Short Term Incentive Plan award for the most recent full fiscal year prior to termination 9 months Three or More 12 months 100% of the Short Term Incentive Plan award for the most recent full fiscal year prior to termination 12 months To the extent permitted under Code Section 409A, the sum of applicable Base Salary and Incentive Compensation shall be divided into equal monthly payments and paid to the Executive over the applicable Payout Period shown in the table above, depending on the Executive’s years of service at the time of Termination.

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