Base Salary Bonuses Sample Clauses

Base Salary Bonuses. During the Employment Period, the Executive shall receive an annual base salary ("BASE SALARY") equal to THREE HUNDRED THOUSAND DOLLARS ($300,000.00), payable in accordance with the customary payroll procedures as in effect from time to time for senior executives of the Company. In the event that the Company achieves the profit levels set forth on EXHIBIT A hereto, for such year, or achieves the profit levels set forth in the annual business plan approved by the Board of Directors of TPEG, then for each such year Executive shall be entitled to an annual increase equal to fifteen percent (15%) of the then applicable Base Salary. Notwithstanding the foregoing sentence, in no event shall the Base Salary exceed the total sum of Five Hundred Thousand Dollars ($500,000.00). Additionally, for any year where the Company achieves the profit levels as defined in the Merger Agreement and as set forth in EXHIBIT A hereto, for such year, or achieves the profit levels set forth in the annual business plan approved by the Board of Directors of TPEG, the compensation committee of the Board of Directors of TPEG shall authorize the payment of a bonus, in cash or in kind, in an amount representing the equivalent of a minimum of ten percent (10%) of Executive's Base Salary for the preceding year. This bonus shall be calculated based solely on annual earnings figures and earnings figures shall not be cumulative with earnings figures from other years.
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Base Salary Bonuses. The first three bullets point of Exhibit A shall be revised as indicated below: Employee’s starting annual Base Salary effective November 1, 2008 is $700,000.00 $775,000.00. Employee will be entitled to participate in our Company’s management bonus program (“Bonus Program”) each fiscal year or partial fiscal year of the Company occurring during the Term of the Agreement. Initially and unless otherwise mutually agreed, the Employee will participate in the Bonus Program at the 70% target level , or $490,000.00, with leverage ranging from 0% to 200150% based upon performance metrics to be agreed upon by the Compensation Committee of the Board of Directors and the Employee, and approved by the Board of Directors (“Annual Bonus”). In the event that the Employee and the Board of Directors are unable to agree upon a performance metrics by March 31st of each year, the performance metrics will be referred to binding arbitration. Employee is entitled to the Cash Bonuses described in Section 5, which shall be paid in accordance with Section 5.
Sample 1
Base Salary Bonuses. During the Term, the Company shall pay, or cause to be paid, to the Executive a salary of $341,000 per year, payable in accordance with the payroll practices of the Company for its executives. Such salary is hereinafter referred to as the "Base Salary". The Company shall review Executive's compensation package no less frequently than annually, and may in its reasonable discretion increase the salary and other compensation paid or provided to Executive. Annually the Executive shall also receive a bonus in an amount determined by Board or the Compensation Committee of the Board.
Sample 1
Base Salary Bonuses. Executive shall receive a base salary at the rate of one hundred thirty five thousand dollars ($135,000) per annum, commencing on the Effective Date and payable in equal installments on EchoMetrix’ regular pay dates, subject to the usual and required payroll deductions and withholdings (“Base Salary”). Executive shall be entitled to a minimum of a 10% salary increase, subject to board discretion, at the one year anniversary date.
Sample 1
Base Salary Bonuses. Executive shall receive a base salary at the rate of two hundred forty thousand dollars ($240,000) per annum, commencing on the Effective Date and payable in equal installments on SearchHelp’ regular pay dates, subject to the usual and required payroll deductions and withholdings (“Base Salary”). Commencing one year from the Effective Date, and thereafter, all salary increases and or cash bonus shall be based upon Executive’s Performance and the overall Performance of the Company and shall be at the sole discretion of the Board of Directors. The Board shall review the Executive's performance for the prior year in order to determine if a salary increase and or cash bonus is warranted. Executive pay shall be increased to a maximum of $300,000 during the first 12 months of employment if the following events occur: o Executive achieves any two milestones listed in 3.5 below, o Company raises a total of $3,500,000 in one or more debt or equity financings, Executive pay shall increase by $25,000 upon the next pay period, o Company raises a total in excess of $4,00,000 in one or more debt or equity financings, Executive pay shall increase by an additional $35,000 upon the next pay period, bringing Executive’s base salary to $300,000.
Sample 1
Base Salary Bonuses. (a) During the Employment Term, in consideration of the performance by the Executive of the Executive’s obligations during the Employment Term (including any service in any position with any subsidiary or affiliate of the Company), the Company shall pay the Executive a base salary (the “Base Salary”) at an annual rate of $600,000 for calendar year 2008. The Base Salary may be increased, but not decreased, by the Compensation Committee of the Board (the “Committee”) in its sole and absolute discretion. The Committee shall perform annual reviews of the Executive after the end of each calendar year during the Employment Term for purposes of determining any Base Salary increases. Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s then current practices and policies with respect to other senior executives. (b) During the Employment Term, in addition to the payments of the Base Salary set forth above, Executive shall be eligible to receive, in respect of each calendar year during which the Employment Term is in effect, a performance-based cash bonus at a target level of 100% of Base Salary (the “Target Bonus”), based on the achievement of goals established with respect to each calendar year by the Committee. The Board, based upon the recommendation of the Committee, may, in its discretion, pay the Executive a bonus in addition to, or in excess of, any bonus payable under this Section 3(b).
Sample 1
Base Salary Bonuses. Executive shall receive a base salary at the rate of one hundred fifty thousand dollars ($150,000) per annum, commencing on the Effective Date and payable in equal installments on EchoMetrix’ regular pay dates, subject to the usual and required payroll deductions and withholdings (“Base Salary”). The base salary shall increase to $175,000 upon the raise of $3,000,000 in equity/debt or combination within the initial twelve month period. The base salary shall increase to $200,000 upon the total raise of $4,000,000 within the initial 12 month period. If the Company fails to raise $3,000,000 within the first twelve months, Executive shall be entitled to a minimum of a 10% salary increase, subject to board discretion, at the one year anniversary date.
Sample 1
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Base Salary Bonuses 
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Related to Base Salary Bonuses

  • 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.

  • Base Salary The Company shall pay to the Executive an annual base salary of $200,000, payable on a monthly basis commencing on the Effective Date (as the same may be adjusted herein, the “Base Salary”). The Base Salary shall be paid in accordance with the Company’s payroll policies.

  • Salary, Bonus and Benefits For services rendered by the Employee on behalf of the Company during the Employment Term, the following salary, bonus and benefits shall be provided to the Employee by the Company: (a) The Company shall pay to the Employee, in equal installments, according to the Company’s then current practice for paying its executive officers in effect from time to time during the Employment Term, the Annual Base Salary. (b) The Employee shall participate in the Sealy Corporation Annual Bonus Plan (the “Bonus Plan”) in accordance with the provisions of that Plan as in effect as of the date of this Agreement based on the Target Annual Bonus Percentage. (c) The Employee shall be eligible for participation in such other benefit plans, including, but not limited to, the Company’s Profit Sharing Plan and Trust, Executive Severance Benefit Plan, Benefit Equalization Plan, Short-Term and Long Term Disability Plans, Group Term Life Insurance Plan, Medical Plan or PPO, Dental Plan, the 401(k) feature of the Profit Sharing Plan and the 1998 Stock Option Plan, as the Board may adopt from time to time and in which the Company’s executive officers are eligible to participate. Such participation shall be subject to the terms and conditions set forth in the applicable plan documents. As is more fully set forth in Section 6 hereof, the Employee shall not be entitled to duplicative payments under this Agreement and the Executive Severance Benefit Plan. (d) Without limiting the generality of Subsection 3(c) above, for so long as such coverage shall be available to the executive officers of the Company, the Employee shall be eligible to participate in the Company’s Group Term Life Insurance Plan with a death benefit to be provided at the level of one and one half (1 ½) times annual base salary at Company expense, plus extended coverage with a death benefit to be provided of at least the level in effect on the date of this Agreement for the Employee under such Plan at the Employee’s discretion and expense. (e) The Employee shall be entitled to take, during each calendar year period during the Employment Term, vacation time equal to four (4) weeks per year. (f) In addition, the Parties do hereby further confirm that any shares of Class A Common Stock of the Company (“Class A Shares”), and any options to purchase additional Class A Shares previously granted to Employee are in addition to, and not in lieu of, any shares or options which may be granted under any other plan or arrangement of the Company after the date of this Agreement, and (b) the various stock agreements and stock option agreements, and any related Stockholder Agreement (the “Stockholder Agreement”) between the Parties (such agreements being hereinafter referred to collectively as the “Pre-existing Agreements”), all remain in full force and effect except as otherwise provided herein. Notwithstanding the foregoing, to the extent that any provision contained herein is inconsistent with the terms of any of the Pre-existing Agreements, the terms of this Agreement shall be controlling.

  • Annual Salary Executive's compensation shall consist of an annual base salary (the "Annual Salary") of one hundred fifty thousand dollars ($150,000), before all customary payroll deductions. The Annual Salary shall be reviewed, and shall be subject to change, by the Board of Directors of Employer (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.

  • Salary and Bonus Awards of stock, stock options, and stock appreciation rights. Use the dollar amount recognized for financial statement reporting purposes with respect to the fiscal year in accordance with the Statement of Financial Accounting Standards No. 123 (Revised 2004) (FAS 123R), Shared Based Payments.

  • Base Compensation The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $76,000 per annum, payable in cash not less frequently than monthly; provided, that the rate of such salary shall be reviewed by the Board of Directors of the Bank not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the Board of Directors in its sole discretion may decide.

  • Annual Bonus Compensation Executive shall be eligible to receive a bonus each Contract Year (“Annual Bonus”) as the Compensation Committee of the Board of Directors shall determine. Executive’s Annual Bonus shall be determined in accordance with the Company’s executive compensation policies as in effect from time to time during the Term and shall be based, in part, on his achieving his individual performance goals for the year and, in part, on the Company’s achieving its performance goals for the year.

  • Basic Salary For all your services rendered under this Agreement, UO shall pay you a salary at an annual rate of no less than $450,000, or at such higher salary as may be determined by your performance review and the Executive Vice President, Human Resources, Legal & Business Affairs, UPR. Such higher salary shall subsequently be deemed the annual rate, commencing on such date as the Executive Vice President, Human Resources, Legal & Business Affairs, UPR may determine, for purposes of this Agreement.

  • Annual Incentive Bonus The Company shall, in addition to Executive’s Base Salary, pay Executive an Annual Incentive Bonus, which shall be payable within 120 days of the end of each fiscal year in accordance with the formula set forth on Exhibit A, attached hereto and made a part hereof.

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.

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