Cash Remuneration Clause Samples

The Cash Remuneration clause defines the terms under which payment in cash is provided for services rendered or work performed. It typically specifies the amount, timing, and method of payment, and may outline conditions such as performance milestones or invoicing requirements. This clause ensures that both parties have a clear understanding of how and when cash payments will be made, thereby reducing the risk of disputes over compensation and promoting transparency in financial transactions.
Cash Remuneration. The Parties hereby agree that, notwithstanding Section 3(f) of the Employment Agreement, five percent (5%) of his Salary as described in Section 3(a) of the Employment Agreement compensates the Executive for his activities performed in his capacity as an executive director of Tornier B.V. Therefore, the aforementioned portion of the Salary will be paid out directly by Tornier B.V. to the Executive. The balance of Executive’s Salary will continue to be paid by the Company. Tornier B.V. and the Company will be entitled to make, withhold and pay deductions for any tax and social security contributions.
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Cash Remuneration. Upon the entry into force of this Agreement, the Employee shall be entitled to receive a sign-on bonus for an amount to be agreed to between the Employee and the Company. The annual gross base remuneration is fixed at € 210,000, less social security contributions and withholding tax prepayments being contributed by the employee according to Belgium laws (excluding the social security contributions being contributed by the employer according to Belgium laws), as well as any contributions resulting from the application of this employment agreement or from other applicable legal stipulations, payable in accordance with the Company’s remuneration policy. The Employee agrees that the remuneration will be paid every month by deposit on the Employee’s bank account having the number ▇▇▇-▇▇▇▇▇▇▇-66 (ING Bank). The annual gross base remuneration will be reviewed and adjusted at the end of each fiscal year end, such salary adjustment being at the discretion of the Board of Directors of the Company. The Company also undertakes to pay to the Employee, in the first quarter of each fiscal year, a cash bonus equal to up to 35 % of the gross base remuneration, based on the Employee’s and the Company’s performance during the previous fiscal year, such performance evaluation and bonus being based on targets determined at the discretion of the Board of Directors of the Company to be determined at the latest on January 1st of the previous fiscal year, it being understood that no detailed targets will be determined in advance for the year 2011. In order to be entitled to the bonus as mentioned in this article, the Employee needs to be on the payroll of the Company at the end of the period to which the bonus is relating to and at the moment of the effective allocation of it. In case of a prior termination of this employment agreement, for whatever reason, the Employee shall not be entitled to a pro rate part of the bonus.
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Cash Remuneration. The Company shall pay the Service Provider five-hundred thousand dollars ($500,000) in cash in ten (10) monthly payments of fifty thousand dollars ($50,000) each (with the first such first retainer payment due thirty (30) days after the Effective Date, and each subsequent retainer payment due thirty (30) days thereafter) (the “Cash Retainer”); provided however, that in the event that a Triggering Event occurs prior to the date that all such ten monthly payments shall have been made, all then unpaid amounts of the Cash Retainer shall become due and payable within ten (10) business days. In the event that a Triggering Event has not occurred on or before [***] from the Effective Date, the Service Provider shall remit to the Company the aggregate amount of the Cash Retainer actually paid to the Service Provider plus three percent (3.0%) per annum of such amount.
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Cash Remuneration. The Corporation shall (i) continue to pay to the Executive his base salary in the amount of $400,000 per annum up to and including the Termination Date, (ii) pay the Executive, within five days after the Termination Date, an additional amount equal to $500,000 less the aggregate amount paid to the Executive under clause (i) above for the period commencing on the date of this Agreement and ending on the Termination Date, and (iii) pay any expense reimbursement amounts accrued through the Termination Date, in the case of clauses (i) and (iii) above, at the time such payments would otherwise have been due and payable under the Employment Agreement, dated as of August 15, 1994 with the Corporation (the "Employment Agreement").
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Cash Remuneration. TERM BASE ESTIMATED TOTAL FRINGED BENEFITS Jan. 1 thru Dec. 31, 1996 $ 60,000 $ 12,000 $ 72,000 Jan. 1 thru Dec. 31, 1997 90,000 15,000 105,000 Jan. 1 thru Dec. 31, 1999 120,000 18,000 138,000 Jan. 1 thru Dec. 31, 1999 120,000 18,000 138,000 Jan. 1 thru Dec. 31, 2000 120,000 18,000 138,000 NOTE: It is understood between Employee and Company, that to this date, and in the future until such time as the Company is funded hereunder, compensation to Employee for services rendered shall be as follows: Services provided by Employee is under a "loan out arrangement" from AUW, Inc., a Florida Corporation, whereby AUW, Inc., or Assigns, has agreed with the Company that compensation for Employee's services, up to $75,000, shall be remitted directly to A.U.W., Inc., as full compensation for the "loan out" of employee's services.
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Cash Remuneration. Subject to the Applicable Laws and the M&A, you will be paid a director’s fee of per year (“Director’s Fee”) for performing your Duties. The Company’s obligation to pay the full amount of the Director’s Fee shall be absolute and unconditional for so long as you serve as a director, notwithstanding the fact that payment is being made on an installment basis. Subject to Section 8 in this Agreement, in the event that you serve as a director of the Company for only part of the period of which the Director’s Fee is payable, you shall be entitled to a pro rata portion of the fee related to the period during which you have served as a director with effect from the effective date of the registration statement on Form F-1 of the Company. The Director’s Fee shall be payable in biannual installments, each installment shall equal to , unless you are entitled to a pro rata portion as provided in this Section above. You will be entitled to an installment every six months of your service as a director, and the installments will be transferred to your account on or before the seventh day of the month immediately following which you are entitled to an installment. It is anticipated that the Directors Fee will continue for so long as you are a director and will continue to be paid in biannual increments.
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Cash Remuneration. Director shall be entitled to receive Five Thousand ($5,000) Dollars per day (in part or whole) for time he travels on behalf of the Company or otherwise devotes time to the Company at the Company's request, to be paid immediately on receipt of an invoice from Director. Director compensation shall be reviewed annually by the Board and set by the Board.
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Cash Remuneration. As remuneration for the performance by the Executive of his/her obligations hereunder, during the Term, the Company shall pay the Executive cash remuneration (inclusive of the statutory benefit contributions that the Company is required to set aside for the Executive under applicable law) pursuant to Schedule A hereto, subject to annual review and adjustment by the Board or any committee designated by the Board.
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Cash Remuneration 
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Related to Cash Remuneration

  • Variable Compensation In addition to any interim award that the Company owes to the Executive under the Variable Compensation Plan (or any similar provisions in a successor to the Variable Compensation Plan), the Executive shall be paid a lump sum cash amount equal to 2.0 times the target annual award under the Variable Compensation Plan for the Executive’s job for the calendar year during which the Change in Control occurs. In order to be entitled to a payment pursuant to this Section 4(b), the Executive must have been a participant in the Company’s Variable Compensation Plan at some time during the calendar year in which the Change in Control occurred or the calendar year immediately preceding the calendar year in which the Change in Control occurred.

  • Annual Compensation The Executive’s “Annual Compensation” for purposes of determining severance payable under this Agreement shall be deemed to mean the sum of (i) the annual rate of Base Salary as of the Date of Termination, and (ii) the cash bonus, if any, earned by the Executive for the calendar year immediately preceding the year in which the Date of Termination occurs.

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • 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.

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125 per hour.