Base Salary; Benefits and Bonuses Sample Clauses

Base Salary; Benefits and Bonuses. (a) During the Employment Period, Executive's base salary shall be $250,000 per annum, subject to an annual cost of living increase at the beginning of each calendar year beginning January 1, 2004 at a rate equal to the increase in the Consumer Price Index - All Urban Consumers for the New York area during the prior year, or such higher rate as the Company may designate from time to time (the "Base Salary"), which salary shall be payable by the Company in regular installments in accordance with the Company's general payroll practices and shall be subject to customary withholding.
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Base Salary; Benefits and Bonuses. (a) During the Employment Period, Executive's base salary shall be $300,000 per annum through January 15, 2005 and thereafter shall be $350,000 per annum or such higher rate as the Company may designate from time to time (the "Base Salary"), which salary shall be payable by the Company in regular installments in accordance with the Company's general payroll practices and shall be subject to customary withholding.
Sample 1See All (9)
Base Salary; Benefits and Bonuses. (a) During the Employment Period, Executive's base salary shall be $200,000 per annum or such higher rate as the Board may designate from time to time (the "Base Salary"), which salary shall be payable in regular installments in accordance with the Company's general payroll practices and shall be subject to customary withholding. In addition, during the Employment Period, Executive shall be entitled to participate in all of the Company's employee benefit programs for which senior executive employees of the Company and its Subsidiaries are generally eligible, including, but not limited to the Company's group medical coverage program, and Executive shall be eligible for paid vacation in accordance with the policies of the Company.
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Base Salary; Benefits and Bonuses. During the Employment Period, Executive's base salary shall be no less than $350,000 per annum, subject to an annual cost of living increase and an annual merit increase, in each case at the sole discretion of the Board (the "Base Salary"), which salary shall be payable in regular installments in accordance with the Company's general payroll practices and shall be subject to customary withholding. In addition, during the Employment Period, Executive (i) shall be entitled to participate in all of the Company's employee benefit programs for which senior executive employees of the Company and its Subsidiaries are generally eligible, (ii) shall be eligible for 4 weeks paid vacation during each year of employment with the Company, (iii) the Company shall provide Executive with a car allowance of $750 per month (plus reasonable out-of-pocket expenses); provided that, other than reasonable car rental expenses in markets outside Dallas, Texas and Florida, there shall be no other vehicle allowance or reimbursement, and (iv) Executive shall be permitted the use of a Company laptop computer. The Company shall reimburse Executive for all reasonable expenses incurred by Executive in the course of performing Executive's duties under this Agreement (including expenses related to travel for Company business, cell phone usage and home office phone and fax lines) which are consistent with the Company's policies in effect from time to time with respect to travel, entertainment and other business expenses, subject to the Company's requirements with respect to reporting and documentation of such expenses. Notwithstanding the foregoing sentence, during the first six months of the Term, the Company shall reimburse Executive for Executive's reasonable out-of-pocket expenses for (i) housing while in Dallas, Texas on Company Business, and (ii) Company business related travel (including commuting) between Florida and Texas. At the end of such six month period the Board and Executive shall reasonably agree on the amounts for which the Company shall reimburse Executive with respect to the expenses described in the preceding sentence during the remainder of the Term. In addition to the Base Salary, Executive shall be eligible to be paid an annual bonus for each fiscal year during the Term (as defined below) based upon the attainment by the Company of certain performance objectives to be determined by the Board. The annual bonus shall be no less than 25% of Base Salary for a given fisca...
Sample 1
Base Salary; Benefits and Bonuses. (a) During the Employment Period, Executive's base salary shall be not less than $250,000 per annum, subject to an annual cost of living increase at the beginning of each fiscal year beginning April 1, 2001 at a rate equal to the increase in the Consumer Price Index-All Urban for the New York area during the prior year, or such higher rate as the Board of Publishing may designate from time to time (the "Base Salary"), which salary shall be payable in regular ----------- installments in accordance with Publishing's general payroll practices and shall be subject to customary withholding. If the Board and the Chief Executive Officer of Publishing are satisfied with Executive's performance during Publishing's fiscal year ending March 30, 2001, the Board will increase Executive's Base Salary to $300,000 per annum and Executive's annual Bonus opportunity (as described in Paragraph 11(b) below) to $300,000 for Publishing's fiscal year ending March 31, 2002.
Sample 1
Base Salary; Benefits and Bonuses. (a) During the Employment Period, Executive's base salary shall be $300,000 per annum or such higher rate as the Board may designate in its sole discretion based on an annual review (the "Base Salary"), which salary shall be payable in regular installments in accordance with the Company's general payroll practices and shall be subject to customary withholding. In addition, during the Employment Period, Executive shall be entitled to participate in all of the Company's employee benefit programs for which senior executive employees of the Company and its Subsidiaries are generally eligible; provided that Executive shall be entitled to a car allowance of $10,160 per year and three weeks paid vacation.
Sample 1
Base Salary; Benefits and Bonuses. (1) During the Employment Period, Executive's base salary shall be not less than $300,000 per annum during Executive's first year of employment (such year commencing on the date hereof and ending on the first anniversary of the date hereof), $325,000 during Executive's second year of employment, $350,000 during Executive's third year of employment and thereafter as designated from time to time by the Board of Publishing and the Chief Executive Officer of Publishing, (the "Base Salary"), ----------- which salary shall be payable in regular installments in accordance with Publishing's general payroll practices and shall be subject to customary withholding.
Sample 1
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Base Salary; Benefits and Bonuses. (a) At the beginning of the Employment Period, Executive’s base salary shall be Three Hundred Thousand Dollars (US$300,000) per annum (the “Base Salary”), which salary shall be payable in regular installments in accordance with the Company’s general payroll practices as may be in effect from time to time. The Base Salary shall be subject to deduction and withholding authorized or required by applicable law. In addition, during the Employment Period, Executive shall be entitled to receive such perquisites and fringe benefits and participate in all of the Company’s employee benefit programs and/or plans for which senior executive employees of the Company are generally eligible in accordance with the policies of the Company in effect from time to time. Upon the successful closing of an S-1 for new financing by the Company, the Base Salary shall be increased to a to be determined amount. In addition, on the first anniversary of the Effective Date and on each anniversary thereafter, then current base salary will be increased by a to be determined amount per year.
Sample 1
Base Salary; Benefits and Bonuses. (a) During the Employment Period, Executive’s base salary shall be One Hundred Twenty Thousand Dollars ($120,000) per annum (the “Base Salary”), which salary shall be payable in regular installments in accordance with the Company’s general payroll practices as may be in effect from time to time. The Base Salary shall be subject to deduction and withholding authorized or required by applicable law. In addition, during the Employment Period, Executive shall be entitled to receive such perquisites and fringe benefits and participate in all of the Company’s employee benefit programs and/or plans for which senior executive employees of the Company are generally eligible in accordance with the policies of the Company in effect from time to time.
Sample 1

Related to Base Salary; Benefits and Bonuses

  • 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, Bonus and Benefits During the Employment Period, Employer will pay Executive a base salary (the “Annual Base Salary”) of $165,000 per annum, subject to any increases as determined by the Board based upon the Company’s achievements of budgetary and other objectives set by the Board. For any fiscal year, Executive shall be eligible for an annual bonus of up to 50% of the Executive’s then applicable Annual Base Salary based upon the achievement by the Company, Employer and their Subsidiaries of budgetary and other objectives set by the Board; provided that with respect to the first year for which Executive is eligible for a bonus, such bonus shall be paid on a pro rata basis based upon that portion of the year that remained after the date of this Agreement. In addition, during the Employment Period, Executive will be entitled to such other benefits approved by the Board and made available to the senior management of the Company, Employer and their Subsidiaries.

  • 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.

  • 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.

  • Base Salary and Benefits (a) During the Employment Period, Executive’s base salary shall be $150,000 per year (the “Base Salary”), which salary shall be payable in regular installments in accordance with the Company’s general payroll practices and shall be subject to required withholding. The Base Salary shall be reviewed by the Board for increase at least once every twelve (12) months.

  • 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.

  • Severance Payments; Salary and Benefits The Company agrees to provide Executive with the severance payments and benefits described in Section 4(b) [and Section 4(c)] of the Employment Agreement, payable at the times set forth in, and subject to the terms and conditions of, the Employment Agreement. In addition, to the extent not already paid, and subject to the terms and conditions of the Employment Agreement, the Company shall pay or provide to Executive all other payments or benefits described in Section 3(c) of the Employment Agreement, subject to and in accordance with the terms thereof.

  • 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”):

  • Separation Compensation In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the following:

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