Compensation Benefits and Expense Reimbursement. Employer agrees to pay to Employee base salary at the annual rate of One Hundred and Thirty Thousand Dollars ($130,000). The reference to base salary at an annual rate in this Agreement shall not entitle Employee to payment of salary beyond any salary earned through Employee's performance of services under this Agreement through the date of any termination of Employee's employment and/or this Agreement. The base salary will be reviewed periodically for adjustment by Employer, and, if adjusted, such adjusted amount will become the base salary for purposes of this Agreement. Employee shall be eligible to participate in any short-term or long-term bonus or incentive compensation plans, programs or arrangements as are designated by the Employer at its sole discretion for participation by Employee. Employee will be advised of any terms and performance criteria relating to any such plans, programs or arrangements and any participation by Employee in any such plans, programs or arrangements shall not require a written amendment to this Agreement. Employer further agrees to provide an automobile to Employee for business use and commuting provided that it is used in accordance with the policies established from time to time by Employer. Employee agrees that the automobile shall at all times remain the property of Employer or one of its affiliates and shall be returned to Employer upon termination of this Agreement. Employer further agrees to grant Employee certain other benefits as specified in the personnel policies established from time to time by Employer and subject to the discretionary authority given to any applicable benefit plan administrators. Employer's personnel policies may be changed from time to time by Employer without requiring a written amendment to this Agreement. Employer further agrees to reimburse Employee for reasonable expenses incurred while carrying out the duties assigned by Employer to Employee. Employee agrees to comply with Employer's expense reimbursement policies. At Employer's option, Employee may be provided with a corporate credit card for use in connection with the payment of travel and other employment-related expenses incurred in the performance of Employee's duties under this Agreement. Employee agrees to comply with any policies of Employer applicable to corporate credit card use. Employer, at its sole discretion, shall have the right to terminate the credit card program or revoke Employee's corporate credit card privileges at...
Compensation Benefits and Expense Reimbursement. As the total consideration for the services that Executive renders under this Agreement, Executive shall be entitled to the following:
Compensation Benefits and Expense Reimbursement. During the Term and through the Executive’s Termination Date, the Company shall compensate the Executive for his/her services as follows:
Compensation Benefits and Expense Reimbursement. The Company will pay Employee the following compensation:
Compensation Benefits and Expense Reimbursement. Employer agrees to pay to Employee base salary at the annual rate of One Hundred Forty Four Thousand and Eight Hundred Dollars ($144,800). The reference to base salary at an annual rate in this Agreement shall not entitle Employee to payment of salary beyond any salary earned through Employee’s performance of services under this Agreement through the date of any termination of Employee’s employment and/or this Agreement. The base salary will be reviewed periodically for adjustment by Employer, and, if adjusted, such adjusted amount will become the base salary for purposes of this Agreement. Employee shall continue to be eligible to receive payment of the performance bonus (the “Performance Bonus”) described in Section 5(a) of his Employment Agreement dated July 1, 2006 (the “July Agreement”) with Employer, solely with respect to the employment term stated in such July Agreement and in accordance with the provisions of
Compensation Benefits and Expense Reimbursement a) All wages shall be paid in accordance with the Employer's procedures and are subject to withholdings as required by local, state, and federal law.
Compensation Benefits and Expense Reimbursement a) All wages shall be paid in accordance with the Employer's procedures and are subject to withholdings as required by local, state, and federal law. b) Benefits will be provided to the Employee by the Employer in accordance with its current policies and procedures or as may be adopted by the Employer during the term of this agreement. c) In addition to the standard benefits package, the Employee is to be provided specific compensation and benefits listed in Addendums A & B. d) The Employee shall receive expense reimbursement outlined in the policy and procedures manual unless modified as set forth in Addendum A. 5. Termination -----------
Compensation Benefits and Expense Reimbursement
