Compensation and Stock Options Sample Clauses

Compensation and Stock Options. For the duration of Employee’s employment under this Agreement, the Employee will be entitled to compensation which will be computed and paid pursuant to the following subparagraphs.
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Compensation and Stock Options. For the duration of Principal's employment hereunder, the Principal will be entitled to compensation which will be computed and paid pursuant to the following subparagraphs.
Compensation and Stock Options. For the duration of the Service Provider's tenure's hereunder, the Service Provider either alone or as directed by the Service Provider in combination with the Executive will be entitled to compensation which will be computed and paid pursuant to the following subparagraphs.
Compensation and Stock Options. Throughout the Term, the Company shall pay or provide, as the case may be, to the Executive the compensation and other benefits and rights set forth in this Section 3. (a) The Company shall pay to the Executive a minimum "Base Salary," payable in accordance with the Company's usual pay practices (and in any event no less frequently than monthly), of $240,000 per annum, which Base Salary shall be subject to increase upon review annually by the Company's Board of Directors. (b) The Company, at the discretion of the Board, may pay to the Executive bonus compensation for each fiscal year, or part thereof, that he is employed by the Company or, alternatively, allow the Executive to participate in a Management Incentive Bonus Plan should one be adopted by the Company or Holdings (as defined below). It is agreed that if a management incentive bonus plan is adopted by Holdings, the Executive will be eligible to participate therein at a level not lower than would an individual serving as a Vice President of Holdings. (c) The Company shall (i) in addition to life insurance available to Executive pursuant to Section 3(d) of this Agreement, reimburse Executive for the cost, in the amount of up to Two Thousand Dollars ($2,000) per year, of life insurance having a death benefit payment of, in the aggregate with the above
Compensation and Stock Options. For the duration of the Independent Contractor's tenure's hereunder, the Independent Contractor will be entitled to compensation which will be computed and paid pursuant to the following subparagraphs.
Compensation and Stock Options. Throughout the Term, the Company shall pay or provide, as the case may be, to the Executive the compensation and other benefits and rights set forth in this Section 3. (a) The Company shall pay to the Executive a minimum "Base Salary," payable in accordance with the Company's usual pay practices (and in any event no less frequently than monthly), of $400,000 per annum, which Base Salary shall be subject to increase upon review annually by the Company's Board of Directors. (b) The Company, at the discretion of the Board, may pay to the Executive bonus compensation for each fiscal year, or part thereof, that he is employed by the Company or, alternatively, may allow the Executive to participate in a Management Incentive Bonus Plan should one be adopted by the Company. (c) The Company shall (i) in addition to life insurance available to Executive pursuant to Section 3(d) of this Agreement, reimburse Executive for the cost, in the amount of up to Two Thousand Dollars ($2,000) per year, of life insurance having a death benefit payment of, in the aggregate with the above-referenced Company life insurance, not more than Two Million Dollars ($2,000,000), (ii) reimburse Executive for the costs, in the amount of up to Two Thousand Dollars ($2,000) per year, of disability insurance for the Executive if not otherwise provided to Executive pursuant to Section 3(d) of this Agreement, and (iii) provide medical, hospitalization and dental insurance for Executive, his spouse and eligible family members, subject to and in accordance with the Company's policy, the proportions of the cost thereof to be borne by the Company and the Executive to be in accordance with such policy. (d) The Executive shall participate in all retirement and other benefit plans of the Company generally available from time to time to employees of the Company and for which the Executive qualifies under the terms thereof (and nothing in this Agreement shall, or shall be deemed to, in any way affect the Executive's rights and benefits thereunder except as expressly provided herein). (e) The Executive shall be entitled to such periods of vacation and sick leave allowance each year as provided under the Company's vacation and sick leave policy and as otherwise provided for executive officers. (f) The Executive shall be entitled to participate in any equity or other employee benefit plan of the Company that is generally available to senior executive officers, as distinguished from general management, of th...
Compensation and Stock Options. As full compensation for the performance of Consultant's obligations herein, Floridino shall pay to the Consultant for the performance of the Consultant Services and adherence to the covenants and undertakings of Consultant under this Agreement. (i) a fee at the rate of $150,000 per annum, to be payable in 12 equal, consecutive and successive monthly installments on the fifteenth (15th) day of each month for that calendar month, each in the amount of $12,500, commencing on December 15, 2001. (ii) stock-options ("Options") to purchase up to 150,000 shares of common stock of Floridino at an exercise price equal to $3.13 (the closing price of the common stock of Floridino on the date hereof) pursuant to Floridino's Stock Incentive Plan ("Plan"), which Plan is subject to approval by the Company's shareholders. Floridino has provided Consultant with a copy of the Plan and Consultant acknowledges that it has reviewed the Plan, is familiar with the terms and conditions of the Plan and has had the opportunity to ask questions about the Plan. 50% of the Options shall vest on the six-month anniversary of the Effective Date and the balance shall vest on the one-year anniversary of the Effective Date. Notwithstanding the preceding sentence, all of the unvested Options will vest immediately prior to: (i) the sale of more than fifty percent (50%) of the stock of the Floridino; (ii) the sale of all or substantially all of Floridino's assets; or (iii) the merger or reoganization of Floridino in which Floridino is not the surviving entity. (iii) for every Extended Period, stock-options (the "Additional Options") to purchase up to 150,000 shares of common stock of Floridino at an exercise price equal to the closing price of the shares of common stock of Floridino on the first day of such Extended Period (each, a "New Effective Date"). 50% of each Additional Options shall vest on the six-month anniversary of the each New Effective Date and the balance of such Additional Options shall vest the one-year anniversary of the each New Effective Date. Notwithstanding the preceding sentence, all of the unvested Additional Options will vest immediately prior to: (i) the sale of more than fifty percent (50%) of the Stock of the Floridino; (ii) the sale of all or substantially all of Floridino's assets; or (iii) the merger or reorganization of Floridino in which Floridino is not the surviving entity. (iv) reimbursement of all reasonable out-of-pocket expenses incurred by Consultant in ...
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Compensation and Stock Options. 3.1 The salary of the CEO shall be thirty thousand (30,000) RMB yuan per month, and the bonuses will be determined according to the Company's sales and overall operational situations. 3.2 The pay day of the Company will be between the first and the fifth days of each month and, if such days are during a holiday period, then the pay day will be the first working day after the holiday period. 3.3 The Company's employees shall pay personal income taxes pursuant to regulations of the government tax agency, and the Company shall deduct a corresponding amount from the monthly salary of each employee and pay that amount on behalf of the employee to the relevant tax agency. 3.4 In addition to what is provided for under the foregoing Article 3.3, the Company shall have the right to deduct from the employees' salaries for other purposes in accordance with laws and regulations of the State.
Compensation and Stock Options. (a) In addition to director fees which the Company is already obligated to pay Consultant as of the date of this Agreement, as compensation for Consultant's agreement to be available to render the Consulting Services during the Term of this consulting Agreement, the Company agrees to compensate the Consultant at a rate of Forty Thousand Dollars ($40,000) per month (the "Consulting Fee"). Said Consulting Fee shall be payable in equal monthly installments or in such other installments as may be agreed upon between the parties. (b) The Company shall grant to Consultant options pursuant to the Company's 1995 Stock Option Plan (the "Plan") to purchase Fifty Thousand (50,000) shares of Common Stock on the Effective Date (the "Stock Options"). The Stock Options shall have an exercise price equal to the Closing Price of the Common Stock on the last trading date immediately preceding the Grant Date. For purposes of this Section 4(b), the "Closing Price" for each trading day shall mean the closing bid price (or average of bid prices) of the Common Stock as reported by the National Association of Securities Dealers Automated Quotation System - National Market System ("NASDAQ-NMS") or if the Common Stock is not traded on NASDAQ on such national or regional securities exchange or quotation system where the Common Stock is traded. Each Stock Option granted pursuant to the terms hereof shall vest at the rate of 6,000 shares per month for the first four months and 4,000 shares per month thereafter, have a ten (10) year term and such other terms and conditions as set forth in the Plan and/or the Stock Option Agreement (the "Option Agreement") which shall be in substantially the form of Exhibit A attached hereto. Consultant acknowledges that he is entitled to the grant of only the Stock Options and no other stock options pursuant to this Agreement. (c) Except as expressly set forth in this Section 4 or elsewhere in this Agreement, Consultant shall not be entitled to receive any other compensation or benefits from the Company as a result of the performance of Consultant's consulting services hereunder, including but not limited to participation in the Company's life, health and disability insurance plans, profit sharing, pension or 401(k) bonus plans or any other plans or programs currently or which in the future may become available to the Company's officers or employees, in such capacities.
Compensation and Stock Options. 4.1 During the term of this Agreement, EMPLOYER agrees to pay EMPLOYEE an annual base salary of US$200,000, which will be paid to EMPLOYEE in 26 bi-weekly installments, in arrears on the last day of each month. 4.2 In addition to the base salary and subject to the EMPLOYEE being an employee of the EMPLOYER at the end of any given fiscal year, the EMPLOYEE shall be entitled to participate in any management bonus plan offered to other members of the management team; the existence of a management bonus plan and the terms, conditions, and criteria of any management bonus plan, including the amounts of bonuses, shall be determined at the sole discretion of the President and Chief Executive Officer and the Senior Vice President and Chief Operating Officer of EMPLOYER. A separate bonus letter will be sent to the EMPLOYEE on a yearly basis, outlining the specific terms and conditions of the bonus plan. The target bonus is 35% of the yearly Base Salary. The primary factors in determining the bonus payment, if any, will be set in the yearly letter and in accordance with the Mayors and Affiliates’ Performance Bonus Plan. The final amount of the bonus, if any, will be determined at the discretion of the President and Chief Executive Officer. 4.3 Subject to the Mayors Board of Directors approval and the provisions of the EMPLOYER Stock Option Plan, the EMPLOYEE will receive an initial allocation of stock options allowing the EMPLOYEE to purchase 50,000 shares of the EMPLOYER with an exercise price per share equal to the closing price on the date the options are approved by the Board of Directors. Subject to the Xxxxx Xxxxx & Sons Board of Directors approval and the provisions of the Xxxxx Xxxxx & Sons Stock Option Plan, the EMPLOYEE will receive an initial allocation of stock options allowing the EMPLOYEE to purchase 5,000 non-voting common shares of the Xxxxx Xxxxx & Sons with an exercise price per share equal to the closing price on the date the options are approved by the Board of Directors.
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