BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual Base Salary at the rate of $215,000, payable in substantially equal installments no less frequently than monthly (less any amounts withheld as required by law or pursuant to any benefits plan). At least annually, Company shall review and, in its sole discretion, may adjust Executive’s Base Salary. If Executive’s Base Salary is adjusted by Company, such adjusted Base Salary shall then constitute the Base Salary for all purposes of this Agreement.
(b) Executive shall be eligible to participate in any incentive compensation, bonus plans or arrangements of the Company on the same terms as other senior officers. Nothing paid to Executive under any such plans or arrangements will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.
BASE SALARY; INCENTIVE COMPENSATION. The terms “Base Salary” and “Incentive Compensation” as defined in Sections 1.4 and 4.2(a), respectively, are hereby amended to reflect whatever Base Salary and Incentive Compensation that is determined by the Chief Executive Officer and approved by the Compensation Committee, from time to time; provided, however, that so long as the Executive performs his or her duties and obligations satisfactorily, neither the Base Salary nor the target percentage of Incentive Compensation shall be decreased, without the written consent of the Executive.
BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual Base Salary at the rate of $270,000, payable in substantially equal installments no less frequently than monthly (less any amounts withheld as required by law or pursuant to any benefits plan). At least annually, Company shall review and, in its sole discretion, may increase, Executive’s Base Salary. If Executive’s Base Salary is increased by Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.
(b) Upon the effective date of this Agreement, Executive shall be eligible to receive a one- time, cash sign-on bonus in the amount of $75,000, which shall be payable to Executive with his first payroll check. For the avoidance of doubt, this one-time cash sign-on bonus shall not be considered part of Executive base salary.
(c) During the term of this Agreement, Executive shall have a target cash bonus opportunity of not less than 65% of his then current base salary which shall be payable to Executive in accordance with, and subject to, the terms of any applicable annual cash incentive program approved by the Board for such year. Nothing paid to Executive under any such program will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement. Notwithstanding the foregoing, Executive’s 2011 target cash bonus opportunity, if available to Executive under the terms of any applicable annual cash incentive plan, shall be pro-rated to reflect the actual number of days of Executive’s employment in 2011.
(d) Upon the Effective Date, Executive shall be granted stock options to acquire 60,000 shares of Company common stock, subject to the terms and conditions of the Company’s 2009 Stock Incentive Plan (the “SIP”). Subject to the provisions of the SIP, such options shall vest in equal installments over a five (5) year period, beginning on the first anniversary of the date of the grant of options and continuing on each anniversary thereafter. The exercise price of the options shall be equal to the fair market value of the stock as determined in accordance with the applicable provisions of the SIP.
BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual Base Salary at the rate of one hundred ninety-three dollars ($193,000.00), payable in substantially equal installments no less frequently than monthly (less any amounts withheld as required by law or pursuant to any benefits plan). At least annually, the Company shall review and, in its sole discretion, may increase, Executive’s Base Salary. If Executive’s Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.
(b) Executive shall be eligible to participate in any incentive compensation, bonus plans or arrangements of the Company on the same terms as other senior officers. Nothing paid to Executive under any such plans or arrangements will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.
BASE SALARY; INCENTIVE COMPENSATION. (a) The Company shall pay the Executive an annual rate of base salary of [***] beginning on the date hereof through at least the calendar year 2021, in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. Starting in 2022 and subject to review and approval by the P10 Executive Committee, the Company, on an annual basis, shall adjust the Executive’s base salary to the extent that similarly situated executives of any subsidiary of P10 (together, the “Comparable Executives”) shall have base compensation that is materially different than the Base Salary then in effect. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.
(b) The Company may pay the Executive additional incentive compensation including stock options in P10, additional cash compensation, and/or carried interests in new fund clients of the Company. Payment of incentive compensation will be at the discretion of the P10 Executive Committee and will take into account, among other factors, the financial performance of the Company and the Executive’s prior percentage membership interest in the Company immediately prior to the Acquisition. In addition to the foregoing, Executive will be eligible to participate in the grant of stock options to the Company’s employees. EXHIBIT C
BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual Base Salary at the rate of $235,000, payable in substantially equal installments no less frequently than monthly (less any amounts withheld as required by law or pursuant to any benefits plan). At least annually, Company shall review and, in its sole discretion, may increase, Executive’s Base Salary. If Executive’s Base Salary is increased by Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.
(b) During the term of this Agreement, Executive shall have a Target Bonus opportunity. Nothing paid to Executive under any such program will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement. Notwithstanding the foregoing, Executive’s 2011 Target Bonus, if any, shall be pro-rated to reflect the actual number of days of Executive’s employment in 2011.
(c) Upon the Effective Date, Executive shall be granted stock options to acquire 40,000 shares of Company common stock, subject to the terms and conditions of the Company’s 2009 Stock Incentive Plan (the “SIP”). Subject to the provisions of the SIP, such options shall vest in equal installments over a five (5) year period, beginning on the anniversary of the date of the grant of options and continuing on each anniversary thereafter. The exercise price of the options shall be equal to the fair market value of the stock as determined in accordance with the applicable provisions of the SIP.
BASE SALARY; INCENTIVE COMPENSATION. The CEO will be compensated for his services under this Contract as follows:
BASE SALARY; INCENTIVE COMPENSATION. (a) The Company shall pay the Executive an annual rate of base salary of $210,888 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Company may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.
(b) The Company may pay Executive additional incentive compensation including stock options in P10, additional cash compensation, and/or carried interests in new fund clients of the Company. Payment of incentive compensation will be at the discretion of the Board of Managers and will take into account, among other factors, the financial performance of the Company, Executive’s prior percentage membership interest in the Company immediately prior to the transaction set forth in the Contribution and Exchange Agreement.
BASE SALARY; INCENTIVE COMPENSATION. (a) Beginning January 1, 2021, P10 shall pay the Executive an annual rate of base salary of $600,000 in periodic installments in accordance with P10’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. P10 may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.”
BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual Base Salary at the rate of $450,000, payable in substantially equal installments no less frequently than monthly (less any amounts withheld as required by law or pursuant to any benefits plan). At least annually, Company shall review and, in its sole discretion, may increase, Executive’s Base Salary. If Executive’s Base Salary is increased by Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.
(b) Executive will be entitled to participate in any incentive compensation, bonus plans or arrangements of the Company on the same terms as other senior officers. Nothing paid to Executive under any such plans or arrangements will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement. For the 2011 calendar year, Executive shall have a target cash bonus opportunity of $300,000 under the terms of any cash incentive program approved by the Board for such year; provided, however, that any cash bonus paid for 2011 shall be prorated to reflect Executive’s actual period of employment in 2011.
(c) Upon the Effective Date, Executive shall be granted stock options to acquire 200,000 shares of Company common stock, subject to the terms and conditions of Company’s 2009 Stock Incentive Plan. Such options shall vest in equal installments (40,000 per year) over a five (5) year period with the first vesting to occur on the first anniversary of the Effective Date. The exercise price of the options shall be equal to the fair market value of the stock as determined in accordance with the applicable provisions of the 2009 Stock Incentive Plan.
