Base Compensation and Fringe Benefits Sample Clauses

Base Compensation and Fringe Benefits. As compensation for his ------------------------------------- services rendered hereunder, the Corporation shall pay Xxxxxxxxxx the following annual base salary: Year Base Salary ---- ----------- 1996 $48,000 1997 $48,000 1998 $48,000 1999 $48,000 2000 $48,000 In addition, the Corporation shall pay normal employee fringe benefits, including but not limited to the use of an automobile and me- dical insurance for said employee, from which amount shall be deducted normal employee withholding and other applicable employment taxes, and such other benefits as may from time to time be determined by the Board of Directors of the Corporation. Xxxxxxxxxx shall receive annually vacation time as specified in the Corporation's Personnel Manual, which may be carried over one year. Salary shall be payable in installments twice monthly.

AutoNDA by SimpleDocs

Base Compensation and Fringe Benefits. As compensation for his ------------------------------------- services rendered hereunder, the Corporation shall pay Xxxxxxxx the following annual base salary: Year Base Salary ---- ----------- 1996 $150,000 1997 $150,000 1998 $150,000 1999 $150,000 2000 $150,000 In addition, the Corporation shall pay normal employee fringe benefits, including but not limited to an automobile allowance of $1,000 per month, from which amount shall be deducted normal employee withholding and other applicable employment taxes, and such other benefits as may from time to time be determined by the Board of Directors of the Corporation. Xxxxxxxx shall receive four weeks vacation annually, which may be carried over one year. Salary shall be payable in installments not less often than twice monthly. All of Xxxxxxxx'x previously accrued vacation and other benefits as shown on the Corporation's books and records shall continue and be included in this Agreement.

Base Compensation and Fringe Benefits. As compensation for his ------------------------------------- services rendered hereunder, the Corporation shall pay Kemendo the following annual base salary: Year Base Salary ---- ----------- 1996 $40,000 1997 $40,000 1998 $40,000 1999 $40,000 2000 $40,000 In addition, the Corporation shall pay normal employee fringe benefits, including but not limited to medical insurance for said em- ployee, from which amount shall be deducted normal employee withholding and other applicable employment taxes, and such other benefits as may from time to time be determined by the Board of Directors of the Corporation. Kemendo shall receive annually vacation time as specified in the Corporation's Personnel Manual, which may be carried over one year. Salary shall be payable in installments twice monthly.

Base Compensation and Fringe Benefits

Related to Base Compensation and Fringe Benefits

Compensation and Fringe Benefits (a) The Company shall, during the Term of Employment, pay to the Executive as compensation for the performance of his duties and obligations a salary of $240,000 per annum. This compensation is subject to annual review and adjustment, as appropriate in the judgment of the Company. The compensation payable pursuant to this Section 5(a) shall be payable in equal semi-monthly installments on the last day of each such pay period.
Other Compensation and Fringe Benefits In addition to any executive bonus, pension, deferred compensation and long-term incentive plans which Company or an affiliate of Company may from time to time make available to Employee, Employee shall be entitled to the following during the Employment Term:
Vacation and Fringe Benefits During the Employment Period, the Executive shall be entitled to paid vacation and fringe benefits at a level that is commensurate with the paid vacation and fringe benefits available to the Executive immediately prior to the Effective Date, or, if more favorable to the Executive, at the level made available from time to time to the Executive or other similarly situated officers at any time thereafter.
Compensation and General Benefits As compensation for his services under this Agreement, the Executive shall be compensated as follows:
Other Compensation and Benefits Except as may be provided under this Agreement,
ADDITIONAL COMPENSATION AND BENEFITS The Executive shall receive the following additional compensation and welfare and fringe benefits:
Fringe Benefits During the Employment Period, the Executive shall be entitled to fringe benefits, including, without limitation, tax and financial planning services, payment of club dues, and, if applicable, use of an automobile and payment of related expenses, in accordance with the most favorable plans, practices, programs and policies of the Company and its affiliated companies in effect for the Executive at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.
Compensation and Benefits As compensation for all services performed by the Executive under and during the term hereof and subject to performance of the Executive’s duties and of the obligations of the Executive to the Company and its Affiliates, pursuant to this Agreement or otherwise:
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.
Accrued Compensation and Benefits Notwithstanding anything to the contrary in Section 2 and 3 above, in connection with any termination of employment upon or following a Change in Control (whether or not a Qualifying Termination or CIC Qualifying Termination), the Company or its subsidiary shall pay Executive’s earned but unpaid base salary and other vested but unpaid cash entitlements for the period through and including the termination of employment, including unused earned vacation pay and unreimbursed documented business expenses incurred by Executive prior to the date of termination (collectively “Accrued Compensation and Expenses”), as required by law and the applicable Company or its subsidiary, as applicable, plan or policy. In addition, Executive shall be entitled to any other vested benefits earned by Executive for the period through and including the termination date of Executive’s employment under any other employee benefit plans and arrangements maintained by the Company or its subsidiary, as applicable, in accordance with the terms of such plans and arrangements, except as modified herein (collectively “Accrued Benefits”). Any Accrued Compensation and Expenses to which the Executive is entitled shall be paid to the Executive in cash as soon as administratively practicable after the termination, and, in any event, no later than two and one-half (2-1/2) months after the end of the taxable year of the Executive in which the termination occurs or at such earlier time as may be required by applicable law or Section 10 below, and to such lesser extent as may be mandated by Section 9 below. Any Accrued Benefits to which the Executive is entitled shall be paid to the Executive as provided in the relevant plans and arrangements.