Compensation Benefits and Reimbursements Sample Clauses

Compensation Benefits and Reimbursements. During the Executive’s employment by the Employers during the Term:
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Compensation Benefits and Reimbursements. A. In consideration of the satisfactory performance by Fellow and Host Organization of the obligations described in this agreement, the obligations of Equal Justice Works and Host Organization with respect to compensation and benefits in connection with the Fellowship shall be as set forth in this section. Under no circumstances will Equal Justice Works or Sponsors be held responsible for any costs associated with the Fellowship other than those set forth expressly herein. 1. Equal Justice Works will provide Host Organization up to $62,000 to defray, in whole or in part, the cost to the Host Organization of the Fellow’s salary each year (Supporting Payments). Host Organization will receive annually in Supporting Payments the lower of either the Fellow’s annual salary or $62,000. 2. Host Organization shall set Fellow’s gross salary to be the higher of: (a) the salary agreed upon at the time of application and as outlined in the Certification Form; or (b) an amount commensurate with what an attorney at the Host Organization with similar experience or duties would receive (Fellow’s Salary) or as required by applicable law. A decrease in Fellow’s Salary during the Fellowship Term is prohibited. 3. If Fellow’s Salary is higher than $62,000, Host Organization agrees that it will be solely responsible to pay the additional amount with non-Fellowship funds. 4. Increases to a Fellow’s Salary must be communicated to Equal Justice Works in writing by Host Organization at least 15 calendar days prior the effective date of the change. DRAFT 5. Provision by Equal Justice Works to Host Organization of Supporting Payments will be made in equal installments on a quarterly basis. If a Fellow ends the Term before the completion of the Fellowship Term, Host Organization must return any funds for time not worked by Fellow to Equal Justice Works within 15 calendar days of Fellow’s last day. Quarterly disbursements are made in September, December, March, and June. Host Organization understands that Equal Justice Works may stop Supporting Payments in the event of late submission of Reports, Six-Month Fellowship Update, One-Year Fellowship Update, or Fellowship Summary without prior consent by Equal Justice Works. Notwithstanding the foregoing, Host Organization shall be solely responsible for ensuring that Fellow’s wages are timely and accurately paid. 6. Host Organization is responsible for withholding appropriate taxes and issuing paychecks to Fellow according to Host Organizat...
Sample 1
Compensation Benefits and Reimbursements. 5.1 In consideration of his services hereunder, the General Director shall receive an annual base salary of US$2,500 translated into the xxxxx equivalent at the CBR exchange rate as at the salary accrual date. Salary shall be paid two times per month on dates as established by Regulations. 5.2 The Company shall, acting at its own discretion, pay an annual bonus to the General Director. The amount of such annual bonus shall be determined and approved by the General Participants' Meeting of the Company. In any event, to qualify for a bonus, the General Director must be employed by the Company at such time when the bonus is paid. 5.3 The General Director shall be paid his salary and annual bonus, as set forth in Sections 5.1 and 5.2 hereof, in Russian rubles, translated at the CBR official exchange rate effective as of the salary and bonus accrual date, by wire transfer to his account with an authorized Russian bank or by another means which may be agreed upon with the General Director. 5.4 The Company shall make tax deductions from the General Director's salary, bonuses and other statutory amounts of income at the rates and in accordance with the procedure as provided by applicable Russian law. Notwithstanding the foregoing, the General Director shall be responsible for the payment of taxes on his salary, bonuses and other income paid by the Company in any other jurisdiction where his income may be subject to taxation. In addition, the General Director shall be liable to pay taxes on income earned from any source which is not related to the employment relationship between the Company and the General Director. 5.5 During the Term, the Company shall provide the General Director with a mobile phone and shall pay the cost of calls related to the performance by the General Director of his duties hereunder. 5.6 Travel expenses and other ordinary and necessary business expenses incurred by the General Director in connection with the performance of his duties shall be reimbursed by the Company in accordance with applicable Russian law and Regulations. 5.7 The General Director may receive an advance to cover any travel expenses in accordance with applicable law and Regulations. All actual travel expenses shall be fully reported immediately after the trip and backed up by receipts in evidence of the expenses incurred in accordance with the procedure established by Regulations. The outstanding balance of such actual expenses shall be repaid to the General Director afte...
Sample 1
Compensation Benefits and Reimbursements. From the date hereof until the Separation Date, you will continue to receive your base salary, payable at the rate in effect as of the date hereof ($468,000 per year) and in accordance with the Company’s regular payroll practices, and to participate in all employee benefit plans and programs of the Company in accordance with the terms of those plans and programs, except that you will not be eligible to participate in the Company’s annual bonus plan for fiscal year 2021 and, in lieu of such bonus, will be eligible to receive the Designated Bonus (as defined below) on the terms and conditions provided for herein. In addition, from the date hereof until the Separation Date, the Company will pay or reimburse you, in accordance with the Company’s reimbursements procedures and practices in effect from time to time, for all reasonable business expenses incurred by you in the performance of your duties and responsibilities to the Company, provided that you submit on a timely basis such documentation and substantiation of those expenses as the Company may require from time to time.
Sample 1
Compensation Benefits and Reimbursements. From the date hereof until the Separation Date, you will continue to receive your base salary, payable at the rate in effect as of the date hereof ($430,000 per year) and in accordance with the Company’s regular payroll practices, and to participate in all employee benefit plans and programs of the Company in accordance with the terms of those plans and programs, except that you will not be eligible to participate in the Company’s annual bonus plan for fiscal year 2021. In addition, from the date hereof until the Separation Date, the Company will pay or reimburse you, in accordance with the Company’s reimbursements procedures and practices in effect from time to time, for all reasonable business expenses incurred by you in the performance of your duties and responsibilities to the Company, provided that you submit on a timely basis such documentation and substantiation of those expenses as the Company may require from time to time.
Sample 1
Compensation Benefits and Reimbursements. During the term of this Agreement: a. The District shall pay Xxxxxxxxx on a per diem basis. The per diem rate shall be one thousand three hundred fifty dollars ($1,350) per full workday, not to exceed a total of forty nine thousand dollars ($49,000). Xxxxxxxxx shall be paid the per diem rate for days actually worked on behalf of the District. For any partial workdays, the per diem payment shall be pro-rated. Payment of the per diem shall be made through the District’s normal payroll procedures. b. The District shall reimburse Xxxxxxxxx for all expenses related to the performance of the duties and services described herein, such as, but not limited to, travel, rental car, lodging, professional memberships, etc. The Interim Superintendent will, on a monthly basis, submit itemized claims for such expenses. Such items claimed must be a proper use of District funds and will be reimbursed monthly. c. The District shall not be responsible for providing any medical benefits (health, dental, vision) to Xxxxxxxxx. x. Xxxxxxxxx shall not receive or accrue vacation days or sick leave, nor shall the District pay the Interim Superintendent for any leave of absence, including, but not limited to holidays, vacation days or sick days. e. The Interim Superintendent is aware that all applicable payroll taxes will be deducted from payments made to him or paid by the District out of District funds under Federal and California law. The Interim Superintendent further recognizes that he cannot claim unemployment benefits after services as Interim Superintendent have been completed.
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Compensation Benefits and Reimbursements 
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Related to Compensation Benefits and Reimbursements

  • 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.

  • Compensation Benefits and Expenses (a) For services rendered under this Employment Agreement, the Company will pay the Employee a base annual salary of $150,000 (such applicable annual rate referred to herein as the “Base Salary”). Payment will be made on the regularly scheduled pay dates of the Company, subject to all appropriate withholdings or other deductions required by applicable law or by the Company’s established policies applicable to employees of the Company. The Company may increase the Base Salary in its sole discretion, but shall not reduce the Base Salary below the rate established by the Employment Agreement without the Employee’s written consent. (b) During the Employment Term, the Employee shall be entitled to participate in the Company’s annual incentive plan, under which the Employee shall be eligible to receive an annual target bonus equal to an amount between twenty percent (20%) and fifty percent (50%) of Base Salary if certain performance criteria and measures are satisfied, as determined by and within the sole discretion of the Company. (c) During the Employment Term, in addition to the compensation payable to the Employee as described above, the Employee shall be entitled to participate in all the employee benefit plans or programs of the Company that are available to employees of the Company generally (“Employee Benefits”). (d) At the first meeting of the Board’s Compensation Committee following the Effective Date, the Compensation Committee shall grant the Employee options (the “Options”) to acquire 10,000 shares of common stock of the Company, pursuant to the terms of the Company’s 2003 Long-Term Incentive Plan (the “Option Plan”). In addition, during the Employment Term, the Employee shall be eligible for subsequent annual Option grants under the Option Plan, or any such successor stock option plan, at the time such grants are made under the Option Plan to management employees of the Company generally, with a targeted grant of Options to acquire between 5,000 and 10,000 shares of common stock of the Company per year, as determined by and within the sole discretion of the Compensation Committee. (e) During the Employment Term, the Company shall reimburse the Employee for such reasonable out-of-pocket expenses as he may incur from time to time for and on behalf of the furtherance of the Company’s business, provided that the Employee submits to the Company satisfactory documentation or other support for such expenses in accordance with the Company’s expense reimbursement policy.

  • In-Kind Benefits and Reimbursements Notwithstanding anything to the contrary in this Agreement, all (A) reimbursements and (B) in-kind benefits provided under this Agreement shall be made or provided in accordance with the requirements of Section 409A of the Code, including, where applicable, the requirement that (w) any reimbursement is for expenses incurred during the Executive’s lifetime (or during a shorter period of time specified in this Agreement); (x) 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; (y) 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 (z) the right to reimbursement or in kind benefits is not subject to liquidation or exchange for another benefit.

  • Compensation Benefits In accordance with Section 142 of the State Finance Law, this contract shall be void and of no force and effect unless the Contractor shall provide and maintain coverage during the life of this contract for the benefit of such employees as are required to be covered by the provisions of the Workers' Compensation Law.

  • Compensation Benefits Etc During the Employment Period, the Manager shall be compensated as follows: (a) The Manager shall (i) receive an annual cash base salary, payable not less frequently than semi-monthly, which is not less than the annualized cash base salary payable to Manager as of the Effective Date; (ii) be entitled to at least as favorable annual incentive award opportunity under the Company's annual incentive compensation plan as he did in the calendar year immediately prior to the year in which the Change of Control Event occurs; and (iii) be eligible to participate in all of the Company's long-term incentive compensation plans and programs on terms that are at least as favorable to the Manager as provided to the Manager in the four calendar years prior to the Effective Date. (b) The Manager shall be entitled to receive fringe benefits, employee benefits, and perquisites (including, but not limited to, vacation, medical, disability, dental, and life insurance benefits) which are at least as favorable to those made generally available as of the Effective Date to all of the Company's salaried managers as a group. In addition, the Manager shall be eligible to participate in the Company's Supplemental Retirement Income Program ("SRIP"). (c) Notwithstanding any other provision of this Agreement (whether in this Section 4, in Section 6, or elsewhere), (i) the Board of Directors may authorize an increase in the amount, duration, and nature of and/or the acceleration of any compensation or benefits payable under this Agreement, as well as waive or reduce the requirements for entitlement thereto and (ii) the Company may deduct from amounts otherwise payable to the Manager such amounts as it reasonably believes it is required to withhold for the payment of federal, state, and local taxes.

  • Compensation and Reimbursement (a) The Company covenants and agrees to pay to the Trustee, and the Trustee shall be entitled to, such reasonable compensation (which shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust) as the Company and the Trustee may from time to time agree in writing, for all services rendered by it in the execution of the trusts hereby created and in the exercise and performance of any of the powers and duties hereunder of the Trustee, and, except as otherwise expressly provided herein, the Company will pay or reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the Trustee in accordance with any of the provisions of this Indenture (including the reasonable compensation and the expenses and disbursements of its counsel and of all Persons not regularly in its employ), except any such expense, disbursement or advance as may arise from its negligence or bad faith and except as the Company and Trustee may from time to time agree in writing. The Company also covenants to indemnify the Trustee (and its officers, agents, directors and employees) for, and to hold it harmless against, any loss, liability or expense incurred without negligence or bad faith on the part of the Trustee and arising out of or in connection with the acceptance or administration of this trust, including the reasonable costs and expenses of defending itself against any claim of liability in the premises. (b) The obligations of the Company under this Section to compensate and indemnify the Trustee and to pay or reimburse the Trustee for reasonable expenses, disbursements and advances shall constitute indebtedness of the Company to which the Securities are subordinated. Such additional indebtedness shall be secured by a lien prior to that of the Securities upon all property and funds held or collected by the Trustee as such, except funds held in trust for the benefit of the holders of particular Securities.

  • 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

  • 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.

  • Section 607 Compensation and Reimbursement The Company agrees

  • Compensation; Reimbursement At the closing of each Offering (each, a “Closing”), the Company shall compensate Xxxxxxxxxx as follows:

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