Base Salary, Bonus and Benefits. (a) During the first year of the Employment Period, the Executive's base salary shall be no less than $200,000 per annum. (the "BASE SALARY"). During the first year of employment under this Agreement, Executive's Base Salary may be reviewed by the Company's Compensation Committee for upward adjustment. After the first year of employment under this Agreement, Executive's Base Salary shall be reviewed for upward or downward adjustment as determined by the Compensation Committee. Subject to the contents herein Base Salary shall be payable in equal Monthly or Bi-Monthly installments. In addition, during the Employment Period, the Executive shall be entitled to (i) participate in all employee benefit programs and published bonus programs for which other similarly situated executives of Company are generally eligible, (ii) participate in all group insurance plans, including, but not limited to health insurance plans, available generally to other similarly situated executives of Company, and (iii) receive such paid or unpaid leave benefits for which other similarly situated executives of Company are generally eligible, and/or as provided for in section (b) hereinafter.
(b) Executive is hereby granted three (3) Weeks vacation during each year of this contract, pro-rated for partial years of employment, to be taken by him at such times and dates, and in such number of consecutive days as may be reasonably agreed to between himself and the CEO of the Company in light of the business needs of the Company. Notwithstanding the foregoing, if Executive meets 100% of his variable compensation plan for 2005, he will be entitled to receive an extra week of vacation in the second year of this Agreement.
(c) In addition to the Base Salary and benefits set forth in paragraph (a) above, during the employment period the Executive shall be entitled to participate in Company's 2005 Executive Compensation Plan as described in Schedule A, attached hereto.
(d) Company will grant the Executive options (the "OPTIONS") to purchase 50,000 shares of Company's Common Stock, or such other similar equity incentive permissible under the Greenfield Online 2004 Equity Incentive Plan (the "PLAN"). This grant is subject to the approval by Greenfield's stockholders, at the 2005 annual meeting thereof, of an increase in the number of shares available for grant under the Plan, sufficient to cover these grants, when taken into account together with all other grants committed to by Company on a simila...
Base Salary, Bonus and Benefits. (a) During the Employment Period, Executive's base salary shall be $185,000 per annum or such higher rate as the Board designates from time to time (the "Base Salary"). The Base Salary shall be payable in regular installments ----------- in accordance with the Company's general payroll practices. The Board shall review Executive's performance in March, 1999, and at the end of each eighteen month period thereafter during the Employment Period. Based on such review, the Board may, in its sole discretion, increase or decrease the Base Salary (but not below $185,000). Following the end of each fiscal year during the Employment Period, the Board may award the Executive a bonus for such year based on Executive's performance, the amount of which will be determined by the Board in its sole judgment. Executive's "target" under the Company's Management Incentive Plan shall be forty percent (40%) of Base Salary with a maximum of sixty percent (60%) of Base Salary. For fiscal year 1998, Executive shall receive a bonus equal to sixty percent (60%) of his Base Salary earned in fiscal year 1998.
(b) In addition to the Base Salary and any bonuses payable to Executive pursuant to Section 4(a), during the Employment Period Executive shall be entitled to participate in the Company's 1995 Amended and Restated Long-Term Incentive Plan and all of the Company's other employee benefit programs for which senior executive employees of the Company are generally eligible, and Executive shall be entitled to (3) weeks of paid vacation each year.
(c) The Company shall reimburse Executive for all reasonable expenses incurred by him in the course of performing his duties under this Agreement 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.
Base Salary, Bonus and Benefits. (a) During the Employment Period, Executive’s total base salary shall be $473,000 per annum or such greater amount as the Board shall determine, from time to time, in its sole discretion (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. The Company will review the Executive’s total base salary annually.
(b) During the Employment Period, Executive shall be eligible to receive an annual (based on the Company’s fiscal year) bonus of up to 66-2/3% of his Base Salary (the “Bonus”). The Bonus shall be based upon the Company’s annual financial results, as reflected in its audited financial statements, and shall consist of a single lump sum cash payment payable within thirty (30) days after the completion of the Company’s audited annual financial statements, but in no event later than 2 ½ months after the end of the Company’s fiscal year. The Bonus shall be determined as follows: Within a mutually agreeable time period prior to the beginning of each fiscal year of the Company, Executive shall submit to the Board for its approval the Company’s operational plan, including a fiscal budget, for the next fiscal year of the Company. The Board shall establish financial targets and set conditions each year based on the approved operational plan (a “Bonus Plan”). The financial targets and conditions established for Executive’s Bonus shall be consistent with those established for other senior executives of the Company. Executive shall receive the percentage of the maximum Bonus specified by the applicable Bonus Plan, depending on whether the Company attains all or a portion of the financial targets established, and meets all of the conditions set under such Bonus Plan for that year. Any of the Company’s financial results that are used to calculate a Bonus shall be taken only from the Company’s audited financial statements for the applicable year.
(c) During the Employment Period, consistent with past custom and practice, Executive shall be entitled to (i) participate in all of the Company Group’s employee benefit programs for which senior executive employees of the Company Group are generally eligible, including, if offered by the Company to such executives, medical surgical, hospitalization, dental, worker’s compensation insurance and disability coverage, (ii) four (4) weeks of paid vacation each year (which shall include reimbursement of up to...
Base Salary, Bonus and Benefits. (a) During the Employment Period, Executive’s base salary shall be $305,000 per annum or such greater amount as the Company Board shall determine, from time to time, in its sole discretion (the “Base Salary”), which Base Salary shall be payable in regular installments in accordance with the Company Group’s general payroll practices and shall be subject to customary withholding.
(b) During the Employment Period, Executive shall be eligible for an annual bonus pursuant to the Euramax Incentive Compensation Plan or such other bonus plan approved by the Company Board (the “Bonus”). The Company and Executive acknowledge and agree that the target Bonus shall be 50% of Executive’s Base Salary.
(c) During the Employment Period, consistent with past custom and practice, Executive shall be eligible to participate in such of the Company’s or its Subsidiaries’ employee benefit programs for which senior executive employees of the Company Group are generally eligible, as the Company Board shall determine, including, without limitation, the benefits he is currently receiving (“Benefits”).
Base Salary, Bonus and Benefits. (a) Subject to the terms of this Agreement, in consideration of Executive’s agreements contained herein, for the period beginning on the Start Date, Executive’s base salary shall be Six Hundred Fifty Thousand Dollars ($650,000.00) prorated for the Stub Period and for year 1 or 2011, Seven Hundred Thousand Dollars ($700,000.00) in year 2 or 2012, and Seven Hundred Fifty Thousand Dollars ($750,000.00) in year 3 or 2013 and, on a pro-rated basis, for the period from January 1, 2014 through March 31, 2014 (“Base Salary”), which shall be payable in accordance with the Company’s regular payroll cycle during the year and shall be subject to deductions for required withholdings, including, without limitation, federal and state withholding taxes and social security taxes.
(b) Executive shall be entitled to the opportunity to earn annual calendar year performance bonuses, with a target cash bonus of 100% of Base Salary (“Target Bonus Amount”) in accordance with performance objectives established by the Board’s compensation committee. If no such objectives are established, Executive will be entitled to receive the Target Bonus Amount. Executive shall qualify for a prorated Target Bonus Amount for the Stub Period and for the period from January 1, 2014 through March 31, 2014 (for the avoidance of doubt, the Board’s compensation committee will establish performance objectives applicable to the Stub Period and for the period from January 1, 2014 through March 31, 2014). All bonus payments shall be subject to deductions for required withholdings, including, without limitation, federal and state withholding taxes and social security taxes. The bonus shall be payable in the calendar year following the calendar year in which the performance objectives for such bonus are measured.
(c) The Board’s compensation committee shall have the ability to increase, but not decrease, Executive’s Base Salary and Target Bonus Amount to account for significant changes in Executive’s responsibilities and duties to the Company. Executive shall be entitled, during the Employment Period, to participate in all retirement, disability, pension, savings, health, medical, dental, insurance and other fringe benefits or plans of the Company, if any, generally available to senior executives, and such insurance shall include travel insurance (provided, however, if the insurance policies of the Company do not include travel insurance as of the date hereof, the Company shall have a period of ninety (90) ...
Base Salary, Bonus and Benefits. Subject to the terms of this Agreement, in consideration of Executive’s agreements contained herein, during the Employment Period:
(a) Executive’s Base Salary shall be $402,000 per annum (“Base Salary”), which shall be payable in equal installments during the year in accordance with the Company’s normal payroll schedule and shall be subject to deductions for customary withholdings, including, without limitation, federal and state withholding taxes and payroll taxes. The Company may increase, but not decrease, the Executive’s Base Salary at any time.
(b) Executive shall be entitled to participate in any performance bonus plan that the Company may maintain from time to time, subject to all terms and conditions of such plan and the terms of any applicable award thereunder.
(c) Executive shall be entitled to participate in all retirement, disability, pension, savings, health, medical, dental, insurance and other fringe benefits or plans of the Company generally available to executive employees of the Company, in accordance with and subject to the terms thereof.
(d) Executive shall be entitled to participate in any equity compensation program that the Company may maintain from time to time, subject to all terms and conditions of such plan and the terms of any applicable award thereunder.
(e) Upon Executive’s submission of proper substantiation, the Company shall reimburse Executive for all reasonable business expenses actually and necessarily paid or incurred by him in the course of and pursuant to the business of the Company, in accordance with Company policies relating to the reimbursement of business expenses.
(f) The Company shall maintain directors and officers liability insurance in commercially reasonable amounts (as determined by the Board), and Executive shall be covered under such insurance to the same extent as other executives of the Company (“D&O Insurance Policies”). Executive shall be eligible for indemnification by the Company to the extent provided for in the Company by-laws in effect from time to time. The provisions of this Section 2.3(f) shall survive termination of this Agreement.
Base Salary, Bonus and Benefits. Until your Actual Separation Date, You will continue to receive your base salary and to participate in the Company’s benefit programs in accordance with their respective terms and conditions. In addition, You will continue to be eligible to receive your 2017 performance bonus based on actual achievement of the applicable 2017 performance objectives as determined by the compensation committee of the Company’s board of directors, and payable at the same time as the Company’s other senior executive officers in 2018. Your Equity Awards will continue to vest pursuant to their existing terms through the Actual Separation Date, such that if the Actual Separation Date occurs on the Separation Date, each Equity Award will be vested, and, if applicable, exercisable, to the extent provided on Schedule 1, subject to potential additional vesting as provided for in Section 2.
Base Salary, Bonus and Benefits. At Executive’s option, as must first be approved by the board of directors, he may accept any or all of his future compensation under this Agreement in cash, the restricted unregistered stock of the Company at market value, or any preferred stock made available by the Company at face value. Election of Executive to take common stock shall be calculated by using the closing price of the Company’s common stock on the day that the compensation is deemed owed to Executive. Compensation shall be as follows:
(a) Executive’s initial base salary shall be $250,000 annually. At any time that the company becomes listed on either the NYSE MKT or NASDAQ stock exchanges, Executives annual base salary shall be increased by $75,000.
(b) As measured from the beginning of the Company’s fiscal year beginning August 1, 2014 until July 31, 2015, once the company has raised a minimum of $9,400,000 in financing (including Shadow Tree/Quintium), Executive shall earn a $200,000 bonus that shall accrue but only be paid upon verification of counsel that payment of such bonus does not breach any loan covenants that the company may have regarding cash payments. For each subsequent fiscal year of this Agreement, on an annual basis, Executive will earn a 2% bonus of the first ten million raised in debt or equity financing and 1% for funds raised between ten and twenty five million and ½% for funds raised over twenty five million.
(c) The Company shall reimburse Executive for all reasonable expenses incurred in the course of performing his duties under the Agreement which are consistent with the Company's policies in effect from time to time for its employees with respect to travel, entertainment and other business expenses, subject to the Company's requirements for its employees with respect to reporting and documentation of such expenses.
(d) Executive shall be entitled to four (4) weeks of vacation per year, and up to three (3) weeks of sick leave, during which times his compensation shall be paid in full. Any un-used vacation time shall be forfeited and not carried over to future period.
(e) Executive shall be eligible to participate, to the extent Executive meets all eligibility requirements of general application, in each of the employee benefit plans maintained by Employer from time to time in which employees of Employer generally are eligible to participate, including by way of illustration, any 401K Plan, and group medical, dental, life and AD&D plans. Executive shall also be en...
Base Salary, Bonus and Benefits. Subsection (C) of Section 3 of the Employment Agreement shall be deleted in its entirety and replaced with "Intentionally Omitted." The title of Section 3 and Subsection (A) of Section 3 of the Employment Agreement shall be deleted in its entirety and replaced with the following:
Base Salary, Bonus and Benefits. Paragraph 3 of the Agreement is ------------------------------- hereby amended by deleting the first sentence of subparagraph (a) and all of subparagraph (b) in their entirety and replacing it with the following: "Effective July 1, 2000, during the Employment Period, Executive's base salary shall be $100,000 per annum (the "Base Salary"). Executive shall be entitled to participate in all of the Company's employee benefit programs for which senior executives of the Company are generally eligible."
