Chairman Compensation Sample Clauses

Chairman Compensation. Xxxxxx X. Xxxxxx shall not be entitled to any compensation for his service as Chairman of New Topco. Consultancy Agreement: At the option of the board of directors of New Topco, Xxxxx Xxxxxxx will be offered a consultancy agreement with New Topco pursuant to which he shall provide M&A consultancy and advice services to New Topco for a period of 24 months post-Closing, with the consideration to be agreed by the parties thereto and otherwise on terms and conditions customary for such an agreement. For the avoidance of doubt, the Surviving Founder Shares transferred to Xxxxx Xxxxxxx as contemplated by this Term Sheet are not being transferred to Xxxxx Xxxxxxx in consideration for, nor conditioned or otherwise related to, entering into a consultancy agreement with New Topco. Fees, Costs and Expenses: Each party shall bear its own costs in relation to the negotiation, preparation and execution of the Documents.
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Chairman Compensation a. As compensation for serving as chairman, manager and board committee member, the Company shall pay to Chairman an annual fee of Twenty-Five Thousand Dollars (US $25,000.00) (the “Chairman Fee") and shall grant an annual option (the “Chairman Option”) to purchase Six Thousand Two Hundred Fifty (6,250) common units of Rio Vista Energy Partners L.P. (the “Partnership”), providing Chairman the right, but not the obligation, to buy such units at an exercise price equal to not less than one hundred percent (100%) of the fair market value of such units on the day of the grant, for a period of not more than five (5) years. Fair market value shall be determined in accordance with the equity plan under which the Chairman Option is granted and otherwise in accordance with applicable law and regulation. In lieu of determining the number of units subject to the Chairman Option based on a fixed number of units, the Board of Managers may, in its sole discretion, grant the Chairman Option based on a fixed dollar valuation of the option itself, such value determined in accordance with the Company’s usual accounting procedures. As a condition to the exercise of the Chairman Option, the Board of Managers may, in its sole discretion, impose a condition of continued services for a period of not more than one (1) year following the date of grant.
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Chairman Compensation. During the term of your service as Chairman of the Board, you shall continue to receive the compensation to which you are entitled to as Chairman of the Board (currently consisting of an annual cash retainer of $72,000 and annual stock option grant covering 25,000 shares).
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Chairman Compensation a. As compensation for serving as chairman, director and board committee member, the Company shall pay to Chairman an annual fee of Twenty-Five Thousand Dollars (US $25,000.00) (the “Chairman Fee”) and shall grant an annual option valued at approximately Six Thousand Two Hundred Fifty Dollars (US $6,250.00) (the “Chairman Option”), such option value determined in accordance with the Company’s usual accounting procedures, providing Chairman the right, but not the obligation, to buy shares of the Company’s common stock at an exercise price equal to not less than one hundred percent (100%) of the fair market value of such shares on the day of the grant, for a period of not more than five (5) years. Fair market value shall be determined in accordance with the stock plan under which the Chairman Option is granted and otherwise in accordance with applicable law and regulation. In lieu of calculating the number of shares subject to the Chairman Option based on a fixed dollar valuation, the Board of Directors may, in its sole discretion, grant the Chairman Option based solely on a fixed number of shares. As a condition to the exercise of the Chairman Option, the Board of Directors may, in its sole discretion, impose a condition of continued services for a period of not more than one (1) year following the date of grant.
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Chairman Compensation. The Company will pay Chairman, the sum of --------------------- Five Thousand Dollars ($5,000) on or prior to the last day of each month during the term of this Agreement; provided Chairman continues to provide services to the Company.
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Chairman Compensation. As Chairman of the Board, commencing January 2, 2014, you will receive an annual retainer of US$200,000 per annum, payable in cash or, at your election, in deferred share units granted on the Initial Trading Date in accordance with the Directors’ Deferred Share Unit Plan of the Company (as amended or replaced from time to time, the “DSU Plan”). In addition, as Chairman, commencing January 2, 2014 you will also be entitled to receive an annual grant of deferred share units under the DSU Plan having a Fair Market Value (as defined in the DSU Plan) of US$250,000 credited to you in accordance with the DSU Plan, with the initial grant in respect of Fiscal 2014 to be made on the Initial Trading Date and having a Fair Market Value of US$187,500, (representing 75 percent of the annual grant in recognition of the partial year) and all grants thereafter being made by the Board (or any committee thereof) on a basis consistent with grants of deferred share units made to outside directors of the Company. In your role as Chairman, you will continue to have an office in Waterloo, and receive reasonable support from the Company.
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Chairman Compensation. Following the Transition Date, for so long as the Executive remains a member of the Board, in addition to any continued vesting provided under Section 3(b)(iii) and any severance to which the Executive may be entitled under Section 5(b), the Executive shall receive the following compensation for his continued service on the Board:
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Chairman Compensation. As used herein, Chairman Compensation shall mean:
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Chairman Compensation. Commencing as of August 13, 2013 and through November 13, 2013, the Company shall pay the Chairman $41,666.67 per month for services as the Chairman of the Board, payable on a monthly basis in accordance with the Company’s policy for payments to Board members; and commencing on November 14, 2013 through the remainder of the Term, the Company shall pay the Chairman $12,500 per month for services as the Chairman of the Board, payable on a quarterly basis in accordance with the Company’s policy for payments to Board Members (collectively, “Chairman Compensation”). Such Chairman Compensation shall be prorated for any partial year of service on the basis of a 365-day fiscal year.
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Related to Chairman Compensation

  • 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:

  • Executive Compensation Until such time as the Investor ceases to own any debt or equity securities of the Company acquired pursuant to this Agreement or the Warrant, the Company shall take all necessary action to ensure that its Benefit Plans with respect to its Senior Executive Officers comply in all respects with Section 111(b) of the EESA as implemented by any guidance or regulation thereunder that has been issued and is in effect as of the Closing Date, and shall not adopt any new Benefit Plan with respect to its Senior Executive Officers that does not comply therewith. “Senior Executive Officers” means the Company’s “senior executive officers” as defined in subsection 111(b)(3) of the EESA and regulations issued thereunder, including the rules set forth in 31 C.F.R. Part 30.

  • Director Compensation Parent shall be responsible for the payment of any fees for service on the Parent Board that are earned at, before, or after the Effective Time, and Varex shall not have any responsibility for any such payments except as otherwise provided in Article VI with respect to deferred compensation. With respect to any Varex non-employee director, Varex shall be responsible for the payment of any fees for service on the Varex Board that are earned at any time after the Effective Time and Parent shall not have any responsibility for any such payments. Notwithstanding the foregoing, Varex shall commence paying quarterly cash retainers to Varex non-employee directors in respect of the quarter in which the Effective Time occurs; provided that (a) if Parent has already paid such quarter’s cash retainers to Parent non-employee directors prior to the Effective Time, then within thirty (30) days after the Distribution Date, Varex shall pay Parent an amount equal to the portion of such payment that is attributable to Transferred Directors’ service to Varex after the Distribution Date (other than any amount that is subject to a deferral election and is credited or to be credited to any such director’s account under the Parent Deferred Compensation Plans), and (b) if Parent has not yet paid such quarter’s cash retainers to Parent non-employee directors prior to the Effective Time, then within thirty (30) days after the Distribution Date, Parent shall pay Varex an amount equal to the portion of such payment that is attributable to Transferred Directors’ service to Parent on and prior to the Distribution Date.

  • Compensation Benefits Etc During the Employment Period, the Manager shall be compensated as follows:

  • Compensation Benefits In consideration of Executive's services hereunder, the Company shall provide Executive the following:

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Bonus Compensation The Executive shall not receive any bonus payment whatsoever pursuant to Section 3.02 or the Bonus Plan except such bonus which is already earned and due to be paid up to and including the Termination Date, notwithstanding any period following the Termination Date during which the Executive may receive any payments or benefits under the terms of the Agreement.

  • Consulting Compensation In consideration for the services to be provided by the Consultant pursuant to Section 1, above, the Consultant shall be compensated as follows:

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

  • Employment Compensation Schedule 3.16 contains a true and correct list of all employees to whom Company is paying compensation, including bonuses and incentives, at an annual rate in excess of Fifteen Thousand Dollars ($15,000) for services rendered or otherwise; and in the case of salaried employees such list identifies the current annual rate of compensation for each employee and in the case of hourly or commission employees identifies certain reasonable ranges of rates and the number of employees falling within each such range.

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