Compensation and Bond Sample Clauses

Compensation and Bond. The compensation of the officers of the Corporation shall be fixed by the Board of Directors, but this power may be delegated to any officer in respect of other officers under his or her control. The Corporation may secure the fidelity of any or all of its officers, agents or employees by bond or otherwise.
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Compensation and Bond. 18.2.6.1 Compensation for a faculty member on sabbatical leave shall be equivalent to one-half of the faculty member's yearly salary. The faculty member shall receive the benefit of any service increment and/or salary reclassification entitlement as if the faculty member had remained in active service.
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Compensation and Bond. 6 The employee granted sabbatical leave shall receive one-half (1/2) of the 7 salary which he/she would have received had he/she remained in the 8 active service of the Santee School District. Compensation is to be paid 9 in the existing monthly pay plan of the District. The Board, at its 10 discretion, may require the employee at his/her own expense to furnish a 11 surety bond of a corporate surety authorized to do business in California. 12 The form of this bond must be approved by the Superintendent and the 13 amount of the bond must be equal to the total compensation to be paid 14 to the applicant during the time his/her sabbatical leave is in effect.
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Compensation and Bond. 20 The employee granted sabbatical leave shall receive one-half (1/2) of 21 the salary which he/she would have received had he/she remained in 22 the active service of the Santee School District. Compensation is to be 24 discretion, may require the employee at his/her own expense to furnish 25 a surety bond of a corporate surety authorized to do business in 26 California. The form of this bond must be approved by the 27 Superintendent and the amount of the bond must be equal to the total 28 compensation to be paid to the applicant during the time his/her 29 sabbatical leave is in effect. 30 The bond must indemnify the school district against failure of the 31 applicant to fulfill his/her application to serve the District at least two (2) 32 years following the completion of the sabbatical term.
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Compensation and Bond. The employee granted sabbatical leave shall receive one-half (1/2) of the salary which he/she would have received had he/she remained in the active service of the Santee School District. Compensation is to be paid in the existing monthly pay plan of the District. The Board, at its discretion, may require the employee at his/her own expense to furnish a surety bond of a corporate surety authorized to do business in California. The form of this bond must be approved by the Superintendent and the amount of the bond must be equal to the total compensation to be paid to the applicant during the time his/her sabbatical leave is in effect. The bond must indemnify the school district against failure of the applicant to fulfill his/her application to serve the District at least two (2) years following the completion of the sabbatical term. The bond may be waived, at the discretion of the Board, should the employee granted sabbatical leave desire compensation in two (2) equal installments payable on the first (1st) day of June of the first (1st) two (2) years of service rendered in this school district following his/her return from said leave. If the Board of Education finds and by resolution declares that the interests of the District will be protected by the written agreement of the employee to return to the service of the District and render at least two (2) years' service therein following his/her return from the leave, the Board of Education in its discretion may waive the furnishing of the bond and pay the employee on leave in the same manner as though a bond is furnished. Should the employee not substantially fulfill the terms of the written sabbatical leave agreement, the Board may require the employee to return all or part of sabbatical leave payments or may collect the money from the employee retirement fund. Death, disability, or serious illness nullifies the necessity of the employee to fulfill the aforesaid obligation and no penalty shall be exacted of him/her, his/her heirs, or the surety.
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Compensation and Bond. 1 The employee granted sabbatical leave shall receive one-half (1/2) of 2 the salary which he/she would have received had he/she remained in 3 the active service of the Santee School District. Compensation is to be 5 discretion, may require the employee at his/her own expense to furnish 6 a surety bond of a corporate surety authorized to do business in
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Related to Compensation and Bond

  • Compensation and Reimbursement The Company agrees:

  • Compensation and General Benefits As compensation for his services under this Agreement, the Executive shall be compensated as follows:

  • Section 607 Compensation and Reimbursement The Company agrees

  • Compensation and Benefits As compensation for all services performed by the Executive under and during the term hereof and subject to performance of the Executive’s duties and of the obligations of the Executive to the Company and its Affiliates, pursuant to this Agreement or otherwise:

  • 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.

  • Compensation and Indemnity The Company, Holdings and the Guarantors shall, jointly and severally, pay to the Trustee from time to time such compensation for its acceptance of this Indenture and services hereunder as the parties shall agree from time to time. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company, Holdings and the Guarantors shall reimburse the Trustee promptly upon request for all reasonable disbursements, advances and expenses incurred or made by it in addition to the compensation for its services. Such expenses shall include the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel. The Company, Holdings and the Guarantors, jointly and severally, shall indemnify the Trustee against any and all losses, claims, damages, liabilities or expenses (including reasonable attorneys’ fees and expenses) incurred by it arising out of, or in connection with, the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company, Holdings and the Guarantors (including this Section 7.07) and defending itself against any claim (whether asserted by the Company, Holdings and the Guarantors or any Holder or any other person) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense shall be determined to have been caused by its own negligence or willful misconduct. The Trustee shall notify the Company, Holdings and the Guarantors promptly of any claim of which a Responsible Offer has received notice for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim, and the Trustee shall cooperate in the defense. The Trustee may have separate counsel, and the Company shall pay the reasonable fees and expenses of such counsel. The Company, Holdings and the Guarantors need not pay for any settlement made without their consent, which consent shall not be unreasonably withheld. The obligations of the Company, Holdings and the Guarantors under this Section 7.07 shall survive the resignation or removal of the Trustee, the satisfaction and discharge and the termination of this Indenture. To secure the Company’s, Holdings’ and the Guarantors’ payment obligations in this Section, the Trustee shall have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal and interest on particular Notes. Such Lien shall survive the resignation or removal of the Trustee, the satisfaction and discharge and the termination of this Indenture. In addition, and without prejudice to the rights provided to the Trustee under any of the provisions of this Indenture, when the Trustee incurs expenses or renders services after an Event of Default specified in Section 6.01(f) or (g) hereof occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law. “Trustee” for purposes of this Section shall include any predecessor Trustee and the Trustee in each of its capacities hereunder and each agent, custodian and other person employed to act hereunder; provided, however, that the negligence, willful misconduct or bad faith of any Trustee hereunder shall not affect the rights of any other Trustee hereunder. The Trustee shall comply with the provisions of TIA § 313(b)(2) to the extent applicable.

  • 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(b). The Association 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 may be conducted by a Committee designated by the Board, and the Board may increase, but not decrease (except a decrease that is generally applicable to all employees), Executive's Base Salary (any increase in Base Salary shall become the "Base Salary" for purposes of this Agreement). In addition to the Base Salary provided in this Section 3(a), the Association shall provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the Association. Base Salary shall include any amounts of compensation deferred by Executive under qualified and nonqualified plans maintained by the Association.

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