Base Remuneration. During the term of this Agreement, the Company shall pay, and the INED agrees to accept, in consideration for the INED's services hereunder, pro rata three payments of the annual salary of $15,000.00, less all applicable taxes and other appropriate deductions. The INED's base salary shall be increased annually, on January 1 of each calendar year, in amount no less than ten percent (10%). In addition, the Company's Board of Directors (the "Board") shall review the INED's base salary annually to determine whether it should be increased more than ten percent (10%). The decision to increase the INED's base more than ten percent (10%) and the amount of any such increase shall be within the Board's sole discretion.
Base Remuneration a) In exchange for the services rendered by the Player, the Club will pay to the Player an annual base remuneration as follows: Season X: Currency / Amount gross Season X+1 [if applicable]: Currency / Amount gross
b) The annual base remuneration is to be paid in [in a minimum of 10 equal monthly instalments or, in the case that the Contract is signed during the season, in the relevant number of equal monthly instalments until the end of the season / up to 30 % of a player’s annual base remuneration may be paid in the last two equal instalments, if specifically agreed between the Parties] instalments in accordance with the Schedule established in Annex III.
c) All income-related taxes and social security contributions are included in the gross amount specified above. The Club will provide the Player with the estimated net amount based on the applicable tax and social security regulations at the time of signing this Contract. Notwithstanding the above, the gross amount will prevail in case of discrepancy.
d) The Club is responsible for complying with the pertinent statutory provisions as regards any legal requirements, duties or levies imposed by local, regional or federal authorities, the payment of taxes, social security charges, and dues payable to the Club's liability insurance, if any. The Player will bear the responsibility for complying with his own tax and social security obligations and filing the personal income tax return in accordance with the applicable laws.
Base Remuneration a) In exchange for the services rendered by the Player, the Club will pay to the Player a base remuneration of paid in equal monthly instalments in accordance with the Schedule established in Annex III. The monthly remuneration will be payable no later than on the 15th day of the following month. The total gross remuneration will be paid no later than on the 15th day of the following month after the expiry of this Contract.
b) All income-related taxes and social security contributions are included in the gross amount specified above. The Club will provide the Player with the estimated net amount based on the applicable tax and social security regulations at the time of signing this Contract. Notwithstanding the above, the gross amount will prevail in case of discrepancy [Club and the Player may agree on additional clauses to offset potential tax deviations].
c) The Club is responsible for complying with the pertinent statutory provisions as regards any legal requirements, duties or levies imposed by local, regional or federal authorities, the payment of taxes, social security charges, and dues payable to the Club’s liability insurance, if any. The Player will bear the responsibility for complying with his own tax and social security obligations and filing the personal income tax return in accordance with the applicable laws.
d) The Club must provide the Player with a detailed monthly record of payments in accordance with the terms of the Contract, which includes gross and net payment, taxes and social security contributions, if any.
Base Remuneration. During the first year of this Agreement, the Executive’s base remuneration shall be one hundred and fifty thousand ($150,000) per annum payable in equal bi-weekly installments, not in advance, exclusive of bonuses, benefits and other compensation, but subject to applicable statutory deductions and contributions (“Base Remuneration”).
Base Remuneration. During the term of this Agreement, the Company shall pay, and the Director agrees to accept, in consideration for the Director’s services hereunder, a total annual cash retainer of U.S. $20,000, payable in accordance with the Company’s payroll policies then in effect (no less frequently than monthly). The Director’s retainer shall be increased annually, on January 1 of each calendar year, by no less than ten percent (10%). In addition, the Board, acting without the Director, shall review the Director’s retainer annually to determine whether it should be increased more than ten percent (10%). The decision to increase the Director’s retainer more than ten percent (10%) and the amount of any such increase shall be within the Board’s sole discretion.
Base Remuneration. Xxxxxxxx’x annual base remuneration (the “Base Remuneration”) will initially be US$240,000 per year. The Company shall pay Xxxxxxxx an annual Base Remuneration of US$350,000 from and after the filing of a publicly available Form F-1 with respect to any initial public offering, in the United States, of the Company’s equity securities (the “IPO”). It is anticipated that such annual Base Remuneration shall be increased starting in the year after the IPO to US$450,000, provided that the Company has made satisfactory progress towards Board approved strategic goals. The Company shall pay the Base Remuneration due hereunder in periodic installments, subject to applicable withholding, and in accordance with the Company’s customary payroll practices, but no less frequently than monthly. Xxxxxxxx’x Base Remuneration shall be reviewed at least annually by the Board’s Compensation Committee or, in its absence, the Board (the “Compensation Committee”) and the Compensation Committee may, but shall not be required to, increase the Base Remuneration during the Services Term. However, Xxxxxxxx’x base remuneration may not be decreased during the Services Term other than as part of an across-the-board remuneration reduction that applies in the same manner and same percentage as all senior employees. Xxxxxxxx’x annual base remuneration, as in effect from time to time, is hereinafter referred to as “Base Remuneration”.
Base Remuneration. Xxxxxxxx’x annual base remuneration (the “Base Remuneration”) will be US$270,000 per year. The Company shall pay the Base Remuneration due hereunder in periodic installments, subject to applicable withholding, and in accordance with the Company’s customary payroll practices, but no less frequently than monthly. Xxxxxxxx’x Base Remuneration shall be reviewed at least annually by the Board’s Compensation Committee or, in its absence, the Board (the “Compensation Committee”) and the Compensation Committee may, but shall not be required to, increase the Base Remuneration during the Services Term. However, Xxxxxxxx’x base remuneration may not be decreased during the Services Term other than as part of an across-the-board remuneration reduction that applies in the same manner and same percentage as all senior employees. Xxxxxxxx’x annual base remuneration, as in effect from time to time, is hereinafter referred to as “Base Remuneration.”
Base Remuneration. In consideration for the provision of the Consultant’s Services, the Company shall pay the Consultant a monthly fee of $10,000 (the “Fee”), beginning on March 15, 2016 and continuing until the Termination Date. The Fee will be payable in common shares of the Company (the “Compensation Shares”) which the Company will issue by the end of the 7th calendar day of each month for Services rendered in the preceding month at a value per share equal to:
Base Remuneration. The Executive shall be paid an annual base salary (the “Base Salary”), by the Employer in the gross amount of $270,000 per annum. The Board Chair shall review such Base Salary with the Executive annually commencing April 1, 2016 provided that the Board Chair shall be under no obligation to increase the Base Salary at the time of any review.
Base Remuneration. During the Engagement Period, the Company shall pay Consultant remuneration of $240,000 annually (the "Base Amount"), payable in equal monthly installments in advance. Subject to Paragraph 4F below, the Base Amount shall be subject to any payroll or other deductions as may be required to be made pursuant to law, government order, and by any other agreement with, or consent of, Consultant.
