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Commissions and Bonuses Sample Clauses

Commissions and Bonuses. Sellers and Buyer agree that Employees of the Business who become Transferee Employees will continue under the applicable commissions or bonus compensation policy of Seller through July 2, 1999. Buyer shall use commercially reasonable efforts to cooperate with Sellers in preparing the necessary sales and business performance data required to calculate such commissions or bonuses for performance during such period. Payment of such bonuses will be allocated between Sellers and Buyer on the basis of time of ownership of the unit for the applicable period for which the bonus is being paid. Sellers will use commercially reasonable efforts to forward such payments to such Transferee Employees as soon as possible, and Sellers shall invoice Buyer for its allocated share of such payments. Commissions with respect to shipments prior to the Closing Date and which were not accrued for in the Final Closing Balance Sheet will be paid by Sellers; all other commissions will be paid by Buyer.
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Commissions and Bonuses. (i) Deutsche Bank and the Sellers shall pay to all Transferred Employees, and remain solely responsible for, all commissions, bonuses (including all bonuses for a prorated portion of calendar year 2002) and other remuneration accrued through midnight on the Closing Date, and shall indemnify and hold Purchaser and its Affiliates harmless for all such amounts. To the extent that the Closing Date occurs prior to the date on which Deutsche Bank, the Sellers and the DB Entities pay annual bonuses in respect of calendar year 2002 (the “2002 Bonus”) to their employees generally, (A) the ratio of the bonus pool for the Business to the aggregate bonus pool for the Global Transaction Banking (“GTB”) division of Deutsche Bank and the Global Technology Operations (“GTO”) division of Deutsche Bank (the “Ratio”) for calendar year 2002 will be substantially the same as the Ratio for calendar year 2001, subject to equitable and proportionate adjustments in such Ratio due to increases or decreases in the GTB or GTO employee population and in the employee population of the Business Employees; (B) Deutsche Bank and the Sellers shall determine, in their sole discretion, those Transferred Employees who are eligible for a 2002 Bonus payment and the amount of each such payment; and (C) subject to clauses (1) through (3) below, Purchaser shall pay through Purchaser’s or its Affiliate’s payroll the 2002 Bonus on or before March 31, 2003 to the Transferred Employees in accordance with the directions provided by Deutsche Bank, provided that (1) the requested date of payment is not less than fifteen (15) Business Days following the Closing Date and Purchaser has run at least one payroll in each Transferred Employee employment location since the Closing Date, (2) Deutsche Bank and the Sellers have previously transferred the aggregate amount of such 2002 Bonus payments and all applicable tax and social withholding obligations, including the employer portion of such obligations, to an account of Purchaser, and (3) Purchaser has notice of not less than ten (10) Business Days that its assistance in making such payments is required. Notwithstanding anything contained herein to the contrary, Deutsche Bank and the Sellers shall pay any Transferred Employee who has a guaranteed 2002 Bonus such guaranteed amount and shall indemnify and hold Purchaser harmless for any claims of a Transferred Employee in respect of any 2002 Bonus guarantee. With respect to Italian Employees, the payment of any “...
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Commissions and Bonuses. 4.1 Rideshare
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Commissions and Bonuses. 8.1 The Dealer shall be entitled to Commissions and bonuses on the terms set out in Schedule 1, or as otherwise specified by the Distributor. The Distributor reserves the right to alter the Commission rates and payments at any time. 8.2 If payment of any sum payable to the Dealer is not made on or before the due date, the Dealer shall inform the Distributor and if payment is not made within 7 days the dealer will be entitled to charge simple interest thereafter on such sum at the rate of one per cent per annum above the base rate of The Royal Bank of Scotland plc from time to time. Such right shall be the Dealer’s sole and exclusive remedy. The Dealer acknowledges such a remedy is substantial. 8.3 Where the parties agree that the Distributor can be the self-xxxxxx in respect of Commission and/or bonuses, the Distributor shall issue invoices on the Dealer’s behalf in respect of the Commission and/or bonuses. In these circumstances, the Dealer confirms that it shall not issue VAT invoices in respect of Commission and/or bonuses due to the fact the Distributor will be self-billing. For the avoidance of doubt, the Distributor shall not self-bill upon the cessation of the Dealer’s right to receive Commission and bonuses. The Dealer undertakes to inform the Distributor promptly in writing in the event of any change, reissue or cancellation of its VAT number or a transfer of any part of the Dealer’s business as a going concern. 8.4 The Distributor may at any time withhold payment of, or make any deduction from any liability of the Dealer which is owed (or is alleged to be owed) to the Distributor and/or any member of the Distributor’s Group (however arising and whether such liability is present or future, liquidated or unliquidated) against any liability of the Distributor and/or any member of the Distributor’s Group to the Dealer (however arising and whether such liability is present or future, liquidated or unliquidated) whether such liability is under this Agreement or any other agreement between any member of the Distributor’s Group and any member of the Dealer’s Group or pursuant to any other cause of action which any member of the Distributor’s Group has.
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Commissions and Bonuses. Buyer shall have no responsibility or liability for any amounts earned under profit-sharing, commission or bonus compensation plans and policies of Seller through the Closing Date, including any such profit-sharing, commissions or bonuses that depend on performance during a period that would end after the Closing Date.
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Commissions and Bonuses. Employee shall be eligible to receive commissions and annual bonuses in accordance with the incentive compensation plan that will be jointly developed between Employee and TACT.
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Commissions and Bonuses 
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Related to Commissions and Bonuses

  • Other Compensation and Fringe Benefits In addition to any executive bonus, pension, deferred compensation and stock option plans which the Company may from time to time make available to the employee upon mutual agreement, the Employee shall be entitled to the following: (a) The standard Company benefits enjoyed by the Company's other top executives. (b) Payment by the Company of the Employee's initiation and membership dues in all social and/or recreational clubs as deemed necessary and appropriate by the Employee to maintain various business relationships on behalf of the Company; provided, however, that the Company shall not be obligated to pay for any of the Employee's personal purchases and expenses at such club. (c) Provision by the Company during the Term and any extensions thereof to the Employee and his dependents of medical and other insurance coverage under the Company's Executive Medical Plan. (d) Provision by the Company of supplemental disability insurance sufficient to provide two-thirds of the Employee's pre-disability minimum base annual salary. (e) An annual incentive bonus for each calendar year included in this Agreement calculated pursuant to a formula substantially similar to (and the formula of which will not yield a bonus less than) the FY 2001 Incentive Plan adopted by the Compensation Committee of the Company with a target bonus based upon 100% of base annual salary, a copy of which is attached hereto as Exhibit A ("Incentive Bonus"); provided, however, that the Employer's stockholders approve an annual incentive bonus plan containing substantially the terms of the Incentive Bonus prior to its payment in accordance with Section 162(m) of the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder. The annual bonus shall be paid no later than March 15th of the following year and is fully vested at the end of each year in the event of a non-renewal of this Agreement by the Company. Subject to Section 7 below, the annual bonus shall be pro-rated for any partial employment year. The Company shall deduct from all compensation payable under this Agreement to the Employee any taxes or withholdings the Company is required to deduct pursuant to state and federal laws or by mutual agreement between the parties

  • Reimbursements and In-Kind Benefits Notwithstanding anything to the contrary in this Agreement, all reimbursements and in-kind benefits provided under this Agreement that are subject to Section 409A of the Code shall be made in accordance with the requirements of Section 409A of the Code, including, where applicable, the requirement that (A) any reimbursement is for expenses incurred during Executive’s lifetime (or during a shorter period of time specified in this Agreement); (B) the amount of expenses eligible for reimbursement, or in-kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other calendar year; (C) the reimbursement of an eligible expense will be made no later than the last day of the calendar year following the year in which the expense is incurred; and (D) the right to reimbursement or in-kind benefits is not subject to liquidation or exchange for another benefit.

  • Other Compensation and Benefits Except as may be provided under this Agreement, any benefits to which Executive may be entitled through the date of Executive’s termination pursuant to the plans, policies and arrangements referred to in Section 4(d) shall be determined and paid in accordance with the terms of such plans, policies and arrangements, and except as otherwise provided by this Agreement, Executive shall have no right to receive any other compensation, or to participate in any other plan, arrangement or benefit, with respect to future periods after such termination or resignation.

  • Compensation and Benefit Plans During the period from the date of this Agreement and continuing until the Effective Time, XM agrees as to itself and its Subsidiaries that, except as set forth in Section 4.1(k) of the XM Disclosure Schedule, it will not: (i) other than in the ordinary course of business consistent with past practice, enter into, adopt, amend (except for such amendments as may be required by law) or terminate any XM Benefit Plan, (ii) except as required by any XM Benefit Plan as in effect as of the date hereof and except for normal payments, awards and increases in the ordinary course of business consistent with past practice, increase in any manner the compensation or fringe benefits of any director, officer, employee, independent contractor or consultant or pay any benefit not required by any XM Benefit Plan as in effect as of the date hereof or enter into any contract, agreement, commitment or arrangement to do any of the foregoing, (iii) enter into or renew any contract, agreement, commitment or arrangement (other than a renewal occurring in accordance with the terms of an XM Benefit Plan) providing for the payment to any director, officer, employee, independent contractor or consultant of compensation or benefits contingent, or the terms of which are materially altered, upon the occurrence of any of the transactions contemplated by this Agreement, or (iv) provide, with respect to the grant of any stock option, restricted stock, restricted stock unit or other equity-related award on or after the date hereof to the extent permitted by Section 4.1(c), that the vesting of any such stock option, restricted stock, restricted stock unit or other equity-related award shall accelerate or otherwise be affected by the occurrence of any of the transactions contemplated by this Agreement.

  • Public Benefits ‌ 5.1 Developer to provide Public Benefits‌ The Developer must, at its cost and risk, provide the Public Benefits to the City in accordance with this document.

  • Compensation and Fringe Benefits (a) The Company shall, during the Term of Employment, pay to the Executive as compensation for the performance of his duties and obligations a salary of $240,000 per annum. This compensation is subject to annual review and adjustment, as appropriate in the judgment of the Company. The compensation payable pursuant to this Section 5(a) shall be payable in equal semi-monthly installments on the last day of each such pay period. (b) The Executive shall be enrolled and participate in any retirement, group insurance and other fringe benefit plans and arrangements which are applicable to the similarly situated personnel of the Company and in effect from time to time, if the Executive is eligible therefor, in each case in accordance with and subject to the provisions thereof.

  • Compensation/Benefit Programs During the Term of Employment, the Executive shall be entitled to participate in all medical, dental, hospitalization, accidental death and dismemberment, disability, travel and life insurance plans, and any and all other plans as are presently and hereinafter offered by the Company to its executive personnel, including savings, pension, profit-sharing and deferred compensation plans, subject to the general eligibility and participation provisions set forth in such plans.

  • Employee Benefit Plans and Compensation (a) For purposes of this Section 2.22, the following terms shall have the meanings set forth below:

  • Compensation Benefits and Reimbursement (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2. The Bank shall pay Executive as compensation a salary of not less than [$ ] per year (“Base Salary”). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive’s Base Salary shall be reviewed at least annually. Such review shall be conducted by a committee designated by the Board, and the Bank may increase, but not decrease (except a decrease that is generally applicable to all employees) Executive’s Base Salary (with any increase in Base Salary to become “Base Salary” for purposes of this Agreement). Base Salary shall not include any director’s fees that the Executive is entitled to receive as a director of the Bank or any affiliate of the Bank. Such director’s fees shall be separately paid to the Executive. (b) Executive will be entitled to participate in and receive benefits under any employee benefit plans including, but not limited to, retirement plans, supplemental retirement plans, pension plans, profit-sharing plans, health-and-accident insurance plans, medical coverage or any other employee benefit plan or arrangement made available by the Bank currently or in the future to its senior executives and key management employees. Executive will be entitled to participate in any incentive compensation and bonus plans offered by the Bank in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement. (c) In addition to the Base Salary provided for by paragraph (a) of this Section 3, the Bank shall pay or reimburse Executive for all reasonable travel and other reasonable expenses incurred by Executive performing his obligations under this Agreement and may provide such additional compensation in such form and such amounts as the Board may from time to time determine. The Bank shall reimburse Executive for his ordinary and necessary business expenses including, without limitation, fees for memberships in such clubs and organizations as Executive and the Board shall mutually agree are necessary and appropriate for business purposes, and travel and entertainment expenses, incurred in connection with the performance of his duties under this Agreement.

  • Separation Payments and Benefits Provided that Executive: (x) executes this Agreement and returns a copy of this Agreement that has been executed by Executive to the Company so that it is received by Cameron Turtle, Chief Operating Officer, 221 Crescent Street, Built 17, Suite 102B, Waltham, MA 02453 (email: ) no later than 5:00 pm CT on September 22, 2023; (y) does not revoke this Agreement during the Release Revocation Period (as defined below); and (z) remains in compliance with the other terms and conditions set forth in this Agreement (including under Section 5), Executive shall receive the following separation payments and benefits: (a) the Company shall pay to Executive aggregate severance payments of $623,000 (the “Severance Amount”), which Severance Amount shall be paid through salary continuation in equal installments in accordance with the Company’s standard payroll procedures, with the initial payment to occur on the first payroll date following the 60th day following the Separation Date, with the first installment to include a catchup payment for amounts covering the period from the date of Separation Date through the first payment date; (b) if Executive timely elects continued coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”), the Company shall pay the full amount of Executive’s COBRA premiums on behalf of the Executive for the Executive’s continued coverage under the Company’s health, dental and vision plans, including coverage for the Executive’s eligible dependents, for the Severance Period (as defined in the Severance Agreement); (c) the Company shall pay to Executive a lump sum payment of $168,246.58 (the “Retention Bonus”) in accordance with the terms of that certain Incentive Agreement between Executive and the Company dated June 21, 2023 (the “Incentive Agreement”), which Retention Bonus shall be paid following the expiration of the Release Revocation Period but in no event later than December 31, 2023; (d) effective as of the last day of the Consulting Period, all unvested Options scheduled to vest within the 12-month period following the last day of the Consulting Period shall immediately become fully vested and exercisable; (e) all vested Options (after giving effect to Section 2(d) and Section 5(c)) will remain outstanding for six months following the last day of the Consulting Period and may be exercised during such period in accordance with the terms of the Award Agreements; and (f) in the event that any sale, licensing, disposition, or monetization transaction or multiple transactions relating to pegtarviliase or any of the Company’s legacy development-stage assets is consummated prior to June 23, 2024, then, and only then, the Company will pay to Executive a cash bonus equal to: (i) 1.0% of the value of the upfront consideration received by the Company in such transactions, plus (ii) 0.5% of the risk-adjusted net present value of the contingent consideration payable to the Company in such transactions, in each case, to be paid within 30 days of the end of the calendar quarter in which such transaction is consummated, in each case, in accordance the parameters established by the Compensation Committee of the Board of Directors of the Company on August 1, 2023. Executive acknowledges and agrees that the consideration referenced in this Section 2 represents the entirety of the amounts Executive is eligible to receive as severance pay and benefits from the Company or any other Company Party pursuant to the Severance Agreement and otherwise.

Most Referenced Clauses

Most Referenced Definitions