COMPENSATION A Sample Clauses
COMPENSATION A. Basic Definition For Plan Years beginning on or after January 1, 1989, the following definition of Compensation shall apply: As elected by the Employer in the Adoption Agreement (and if no election is made, W-2 wages will be deemed to have been selected), Compensation shall mean one of the following:
1. W-2 wages. Compensation is defined as information required to be reported under Sections 6041 and 6051, and 6052 of the Code (Wages, tips and other compensation as reported on Form W-2). Compensation is defined as wages within the meaning of Section 3401(a) of the Code and all other payments of compensation to an Employee by the Employer (in the course of the Employer's trade or business) for which the Employer is required to furnish the Employee a written statement under Sections 6041(d) and 6051(a)(3), and 6052 of the Code. Compensation must be determined without regard to any rules under Section 3401(a) that limit the remuneration included in wages based on the nature or location of the employment or the services performed (such as the exception for agricultural labor in Section 3401(a)(2)).
2. Section 3401(a) wages. Compensation is defined as wages within the meaning of Section 3401(a) of the Code, for the purposes of income tax withholding at the source but determined without regard to any rules that limit the remuneration included in wages based on the nature or location of the employment or the services performed (such as the exception for agricultural labor in Section 3401(a)(2)).
3. 415 safe-harbor compensation. Compensation is defined as wages, salaries, and fees for professional services and other amounts received (without regard to whether or not an amount is paid in cash) for personal services actually rendered in the course of employment with the Employer maintaining the Plan to the extent that the amounts are includible in gross income (including, but not limited to, commissions paid salesmen, compensation for services on the basis of a percentage of profits, commissions on insurance premiums, tips, bonuses, fringe benefits, and reimbursements or other expense allowances under a nonaccountable plan (as described in 1.62-2(c)), and excluding the following:
a. Employer contributions to a plan of deferred compensation which are not includible in the Employee's gross income for the taxable year in which contributed, or employer contributions under a simplified employee pension plan to the extent such contributions are deductible by the Employee, ...
COMPENSATION A. CONTRACT AMOUNT, is revised to read as follows: In consideration for the services to be performed under this contract, WorkQuest and the Performing Party shall be paid an amount not-to-exceed $1,035.40, monthly and $12,424.80, annually for all fees and expenses for the first renewal period.
COMPENSATION A. Effective as of the Commencement Date, and continuing during the Term, the Executive will earn the following annual compensation, less applicable statutory and regular payroll deductions and withholdings: Compensation Element $US Annual Base Salary $850,000 (the “Base Salary”) Annual Short-Term Incentive 125% of Base Salary at Target (the “STI Bonus”) (0% - 200% of STI bonus target based on actual performance) Annual Long-Term Incentive Grant Targeted at $11.4 million (the “LTI Grant”) Those eligible to participate in the Employer’s long-term incentive plan (LTI Plan) may be entitled to receive an equity award subject to the terms set forth in the relevant shareholder-approved equity plan. Grants under the LTI Plan are made at the complete discretion and subject to the approval of the Compensation Committee and are based on the recommendation of the senior management or the CEO of the Parent.
b. The structure of the STI Bonus and LTI ▇▇▇▇▇ will be consistent with those granted to the Employer’s other executives, and is subject to amendment from time to time by the Employer.
c. The specific terms and conditions for the LTI Grant (including but not limited to the provisions upon termination of employment) will be based on the relevant plan documents, subject to amendments from time to time by Parent.
d. Notwithstanding any other provisions in this Agreement to the contrary, and subject to any minimum requirements of applicable employment standards legislation, the Executive will be subject to any written clawback/recoupment policy of the Employer in effect from time-to- time, allowing the recovery of incentive compensation previously paid or payable to the Executive in cases of proven misconduct or material financial restatement, whether pursuant to the requirements of ▇▇▇▇-▇▇▇▇▇ ▇▇▇▇ Street Reform and the Consumer Protection Act, the listing requirements of any national securities exchange on which common stock of the Employer is listed, or otherwise. 5. BENEFITS a. The Executive will be eligible to participate in the Employer’s US group benefit plans, subject to the terms and conditions of said plans and the applicable policies of the Employer and applicable benefits providers. Subject to the Executive’s eligibility and the terms and
COMPENSATION A. Agent shall remit to Company a percentage of the gross Premiums as set for in Schedule A on all Title Assurances issued by Agent. Agent shall hold Company's percentage of gross Premiums in trust for Company until such time as such remittances are made to Company.
B. No later than the tenth (10th) of each calendar month Agent shall submit to company copies, with Premium charged set forth thereon, of all Title Assurances issued by Agent during the previous calendar month, remit the Company's percentage of the Premium charged for such Title Assurances and shall return all spoiled, obsolete or canceled policies accumulated during the previous calendar month.
COMPENSATION A. The Managing Director's salary effective April 1, 1996 shall be the equivalent of US$440,000.00 (four hundred forty thousand dollars) per year (payable in such currency as the Managing Director and the Company may agree), which amount may be increased from time-to-time at the sole discretion of the Company. The salary paid the Managing Director is subject to withholdings required by law and other deductions agreed to by the Managing Director. The Managing Director shall be paid in accordance with procedures which will be agreed upon between the Company and the Managing Director based on where the Managing Director has established his residence, his principal work location, relevant regulations and related considerations. The Managing Director's salary shall not be subject to reduction without the Managing Director's agreement during the term defined herein.
B. In order to provide the Managing Director financial incentive to achieve and/or exceed the goals of the Company and to encourage the Managing Director to continue his services to the Company well into the future, the Managing Director shall be eligible to participate in Management Incentive Plans established by the Company which shall provide the Managing Director with the opportunity to earn additional compensation based upon the financial results of the Company and upon the Managing Director's individual performance. Such plans shall be comprised of the following: (i) a short term portion with a target amount of incentive pay of not more than 50% of the Managing Director's aggregate base annual salary effective as of January 1 of each year to which this Agreement applies (or as of April 1, 1996 with respect to the year commencing on such date), which amount may be increased from time to time at the sole discretion of the Company. The short term incentive award will be payable annually following the close of the Company's fiscal year and upon final approval of the Supervisory Board of the Company.
COMPENSATION A. Commissions At the beginning of each calendar week (each Monday), or on a more frequent basis as determined solely by SBC (but not more frequently than daily), Phone1 shall forward to SBC an electronic data feed containing the Call Detail Records of all completed Phone1 calls made during the prior calendar week (Monday through Sunday), or if received on a daily basis, during the previous day, and any other calls not previously forwarded, broken down between call types. SBC shall acknowledge receipt of the Call Detail Records and confirm the total numbers for each call type, which Phone1 shall use to determine if the success of the data transmission. Unless agreed to otherwise by the Parties, if the beginning of a calendar week falls on a holiday (defined as a day the federal government is closed), Phone1 shall forward to SBC the Call Detail Records on the next business day (Tuesday) of all Phone1 calls made during the prior calendar week or day, as applicable. On the first Monday of each calendar month, Phone1 shall, along with transmitting the Call Detail Records for the previous week, invoice SBC for the Phone1 calls made during the entire previous calendar month. SBC shall pay to Phone1 the revenues generated from the Phone1 calls ("Gross Receipts"), less commissions owed by Phone1 to SBC calculated as a percentage of the revenues according to the following schedule ("Net Receipts"): SBC COMMISSIONS --------------- DOMESTIC LONG DISTANCE Attachment A INTERNATIONAL LONG DISTANCE Attachment B [CONFIDENTIAL INFORMATION HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24b-2] B. Dial-Around Waiver. SBC understands that Phone1's provision of the Services may utilize a toll-free 1-800 subscriber or access number or numbers. In further consideration of the Services, SBC hereby agrees to waive its entitlement, if any, to federally mandated dial-around compensation for calls to such toll-free subscriber or access 1-800 number(s) for the term of this Agreement. The Parties understand that SBC does not waive its entitlement to any dial-around compensation not directly related to Phone1's provisioning of the Services as described in this paragraph. For purposes of this paragraph, Phone1's provisioning of Services shall encompass the completing of what appear to the consumer to be direct-dialed or 1+ long distance calls (that is, if a phone user physically dials a 1-800 number, other than to Phone1 Customer Service, t...
COMPENSATION A. All fees payable to ▇▇▇ under this Agreement are set forth in the individual SOWs, which may be amended from time to time by written agreement of the Parties.
▇. ▇▇▇ shall invoice Company for fees due hereunder. Company will be fees due within 30 days of invoice date. 1
B. All books, records, accounts, documents and correspondence of ▇▇▇ reasonably necessary to confirm FNU’s proper performance of this Agreement shall, at all times, with 10 business days’ notice, be open to examination by any authorized representative of the Company no more than twice per calendar year. ▇▇▇ shall make copies of such records available upon request by the Company whether such request is before or after termination of this Agreement. Such records must be maintained for seven (7) years or until the completion of a financial or market conduct examination by any insurance department with jurisdiction over the relevant insurance carrier, or as set forth in Company’s or relevant insurance carrier’s document retention policy, whichever is longer, as long as such document retention policy has been provided to ▇▇▇ in writing prior to the termination of this Agreement.
▇. ▇▇▇ shall maintain such licenses as required under applicable law to perform its duties hereunder.
COMPENSATION A. In respect of the licences granted in this case, the Intellectual Property Act Co. agrees to pay the famous DC Patent Lawyer a royalty that has been recited in Program A (royalty), based on the net sale of the product for Intellectual Property Co.'s Net Sales of Product.
B. The royalty owed by The Celebrity DC Patent Lawyer shall be calculated on a quarterly calendar basis (royalty) and shall be paid no later than [figure] days after the end of the previous full calendar quarter — I.E., the first (1st) day on January, April, July and October, only that the first and last calendar three shall not be short of the date of entry into force of the agreement. C. For each royalty law on Intellectual Property Co. provide a written declaration of royalty for each royalty for the patent lawyer form acceptable to Celebrity DC Patent Lawyer. Such a royalty declaration shall be certified as accurate by a duly authorised intellectual property law officer Co., who recite, on a country-by-country basis, the stock number, the items sold, the unit sold, the description, quantity, quantity shipped, the gross invoice, the amounts charged to customers fewer discounts, rights, returns and sales reported for each product. Such statements shall be submitted to the Celebrity DC Patent Attorney, regardless of whether any products were sold during the reign period or whether any actual royalties were owed.
D. Intellectual Property Law Co. agrees to pay Celebrity DC Patent Lawyer an advance against a royalty in the amount recited in Schedule A, which can be attributed to the Intellectual Property Act Co.'s actual royalty obligations to Celebrity DC Patent Lawyer. E. Net sales means the gross sale of the Intellectual Property Act Co. (gross invoice amount, account account account) of the product, less normal discounts and entitlements and, furthermore, fewer bona fide returns. F. The royalty expires on the sale of the product regardless of the time of collection by Intellectual Property Law Co.. A product is considered to be sold when such a product is charged, invoiced, delivered or paid, which is the case earlier. Mr. Receipt or admission of a Celebrity DC patent attorney from any extract or payment by a famous DC patent attorney does not prevent you from subsequently reproating the validity or accuracy of such a statement or payment. Liabilities H. Intellectual Property Act Co. to pay royalties, they survive the expiry or termination of this Agreement and will continue until the In...
COMPENSATION A. Teachers shall be paid the salaries indicated on Schedule A which is attached hereto and made a part hereof. Pay Dates The Board shall issue warrants on the fifteenth (15th) of each month. If the fifteenth of a month should fall on a Saturday, Sunday or during a school holiday break, teachers shall be paid on the last working day prior to the fifteenth. The warrants for July and August will be distributed by June 30. Compensation for extra duty and extracurricular assignments shall be made in accordance with Schedule B, which is attached hereto and made a part hereof. When total compensation to a teacher for extra duty/extracurricular assignment(s) exceeds one thousand dollars ($1,000), it shall be paid monthly; when such total compensation is one thousand dollars ($1,000) or less, it shall be paid at the end of each semester; provided, when less than one-half of the services to be rendered have been provided by the end of the first semester, compensation shall be paid at the end of the second semester. Teachers who have received and accumulated seventy (70) or more sick leave days as employees of the Board and who qualify shall receive an attendance incentive payable by June 15th in accordance with Schedule I of C, which is attached hereto and made a part hereof. Teachers who have accrued less than (70) sick leave days and who qualify shall receive the attendance incentive defined in Schedule II of Schedule C, which is attached and made a part hereof.
COMPENSATION A. Compensation payable to Consultant for all general investor relations services and other services hereunder, including but not limited to acquisition and merger services, shall be paid by Client to Consultant by the means and in the manner or manners as described in "Addendum A", a copy of which is attached hereto and incorporated herein by this reference.