Base Salary and Bonuses. The Company shall continue to compensate the Executive at his or her full annual base salary at the rate in effect immediately prior to the termination of the employment of the Executive, and to pay short-term and long-term bonuses at target levels pursuant to the Company’s then current Long-Term Incentive Plan, for the period of two (2) years following actual involuntary termination or Constructive Involuntary Termination, if such termination occurs during the period in which this Agreement is in effect (the “Salary Continuance Period”). Benefits paid in accordance with this Subsection 6(a) shall not be reduced in the event the Executive is employed elsewhere during this time period, or by reason of death or disability.
Base Salary and Bonuses. As full compensation for Executive's services hereunder and in exchange for his promises contained herein, the Company shall compensate the Executive in the following manner (subject to Paragraph 4(c)):
Base Salary and Bonuses. The Company shall pay a lump sum amount within 60 days following termination of employment equal to the sum of the Executive’s full annual base salary at the rate in effect immediately prior to the termination of the employment of the Executive, and the Executive’s short-term and long-term bonuses at target levels pursuant to the Company’s then current Long-Term Incentive Plan, that would have been paid for the period of two (2) years following actual involuntary termination or Constructive Involuntary Termination, if such termination occurs during the period in which this Agreement is in effect (the “Compensation Period”). Benefits paid in accordance with this Subsection 6(a) shall not be reduced in the event the Executive is employed elsewhere during this time period, or by reason of death or disability.
Base Salary and Bonuses. In exchange for Executive's promises contained herein, the Company shall compensate him in the following manner:
Base Salary and Bonuses. The Company agrees to pay the Executive a base salary at the rate of $29,583.34 per monthly pay period which if annualized equals three hundred and fifty-five thousand ($355,000) (the “Base Salary”), to be paid in accordance with the Company’s normal payroll procedure and policies. Following the end of each calendar year that the Executive is employed by the Company, the Executive may be eligible to receive a discretionary performance bonus of up to thirty percent (30%) of his then current Base Salary, including eligibility for a pro rata bonus for the partial work year in 2014, provided that the Executive has achieved the performance milestones for the previous calendar year that shall be agreed to by him and the CEO and the Board Compensation Committee prior to the commencement of each calendar year, and the Company has met its objectives for that year, both as determined by the CEO and the Board in their sole discretion. The Executive may also be eligible to a pro rata bonus in 2014 Any such discretionary bonus shall be paid to the Executive in the subsequent calendar year in accordance with the Company’s customary practices. All compensation payable to the Executive pursuant to this Agreement shall be subject to applicable taxes and withholdings. The Executive will be paid a one-time transition bonus of fifty thousand dollars ($50,000). The payment will be made 30 days after commencement of employment and will be repayable if Executive is terminated for Cause or terminates employment without Good Reason before the one year anniversary of commencement.
Base Salary and Bonuses. During the term of employment, the Company shall compensate the Executive in the following manner:
Base Salary and Bonuses. Company shall pay or cause to be paid within 15 days of the termination date in a lump sum, an amount equal to Executive's Base Salary and any accrued Bonuses as he would have received such amounts during the period commencing on the effective date of such termination and ending at the latter of the Term of Employment or twelve (12) months after the Termination Date (the "SALARY CONTINUATION PERIOD").
Base Salary and Bonuses. 7.1. The schedule of payments for the 20__/20__ season will be made according to the schedule described below and payments will be made no later than ______ days after the date specified in the schedule. The last payment will be made no later than ______ days after the end of the last official match of the club.
Base Salary and Bonuses. The Company agrees to pay the Executive a base salary at the rate of $26,675.00 per monthly pay period which if annualized equals three hundred and twenty thousand one hundred ($320,100) (the “Base Salary”), to be paid in accordance with the Company’s normal payroll procedure and policies. Following the end of each calendar year that the Executive is employed by the Company, the Executive may be eligible to receive a discretionary performance bonus of up to thirty percent (30%) of his then current Base Salary, provided that the Executive has achieved the performance milestones for the previous calendar year that shall be set by the Board or the Compensation Committee, and the Company has met its objectives for that year, both as determined by the CEO and the Board in their sole discretion. Any such discretionary bonus shall be paid to the Executive in the subsequent calendar year in accordance with the Company’s customary practices. All compensation payable to the Executive pursuant to this Agreement shall be subject to applicable taxes and withholdings. The Executive will be paid a one-time transition bonus of fifteen thousand dollars ($15,000). The payment will be made 90 days after commencement of employment and will be repayable if Executive is terminated for Cause or terminates employment without Good Reason before the first anniversary of the Commencement Date.
Base Salary and Bonuses. During the term, the Executive shall receive a base salary paid bi-weekly. The Executive will receive an initial Base Salary equal to $8,500 per month. The Board of Directors may increase this amount at any other time if the Company has achieved the goals set by the Board and agreed to by Executive and in any event the Base Salary shall increase to $10,000 per month by no later than January 1, 2007. Once increased, the Executive’s Base Pay will not be reduced. In addition, the Board of Directors may elect to award the Executive performance bonuses from time to time based upon the Executive’s performance or the performance of the Company.
