Compensation; Bonus. (a) As compensation for services hereunder and in consideration of his agreement not to compete as set forth in paragraph 8 hereof, the Company shall pay the Employee a base salary at the annual rate of $185,000.00. Such base salary shall be paid in equal installments in accordance with the normal payroll policies of the Company, but no less frequently than bi-weekly.
Compensation; Bonus. (a) In consideration for his services to be performed under this Agreement and as compensation therefor, Employee shall receive, in addition to the benefits set forth in Section 5 hereof, a base salary (the "Base Salary") at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars. All payments of Base Salary shall be payable in bi-weekly installments or otherwise in accordance with Employer's policies.
Compensation; Bonus. (a) The Company (or at the Company's option, any subsidiary or affiliate thereof) shall pay to the Executive an annual base salary (the "Base Salary") during the Employment Period of $300,000 per annum, payable in such installments (but not less often than monthly) as is generally the policy of the Company with respect to its officers.
Compensation; Bonus. (a) In consideration for Employee’s services to be performed under this Agreement and as compensation therefor, Company shall pay to Employee, commencing as of the date set forth above, a base salary at the rate of Five Thousand ($5,000) Dollars per month (the “Employee Base Salary”) which Employee Base Salary may be increased in the sole discretion of the Board. The Board shall determine whether to pay Employee’s Base Salary on a monthly basis, weekly basis or some other convenient mutually acceptable basis.
Compensation; Bonus. (a) The Company (or at the Company's option, any subsidiary or affiliate thereof having the financial ability to make such payments) will pay you an annual base salary (the "Base Salary") during the Employment Period at the rate of $225,000 per annum (the "Base Salary"), payable in such installments (but not less often than monthly) as is generally the policy of the Company with respect to its executive officers. Your base salary will be subject to review annually.
Compensation; Bonus. After the end of each calendar year, the EMPLOYER's Board of Directors shall determine the net profits before taxes of EMPLOYER for such prior year and shall determine any bonus for such year payable to EMPLOYEE. EMPLOYER shall not be obligated to provide any bonus. Any bonus awarded shall be paid at such time or times, in such amounts or installments, as the EMPLOYER's Board of Directors may determine.
Compensation; Bonus. 2 5. BENEFITS............................................................2
Compensation; Bonus. XxXxxxxx shall be paid monthly salary payments, based on an annual salary of $150,000.00. In addition, C&F will pay to XxXxxxxx a bonus equal to a percentage of the (calculated according to Generally Accepted Accounting Principles) ( ) realized by C&F, according to the following schedule: % __________ _____ __________ _____ __________ _____ The bonus will be computed at the end of each month and will be paid prior to the end of the next month, except as limited by the next paragraph. The bonus computation will be based upon 80% of the annualized year-to-date results and will be adjusted at year-end based upon final results in order that the total bonus will be equal to the appropriate percentage of year end .
Compensation; Bonus. (a) In consideration for Xxxxxxxxxx'x services to be performed under this Agreement and as compensation therefor, Company shall pay to Xxxxxxxxxx, commencing as of the date set forth above, in addition to all other benefits provided for in this Agreement, a salary at the rate of Twenty-Five Thousand ($25,000) Dollars per month, (the "Xxxxxxxxxx Salary"). All payments of Xxxxxxxxxx Salary shall be payable in accordance with Company's policies.
Compensation; Bonus. (b) In addition to the Trepeta Base Salary, Trepeta shall be entitled to an annual bonus (the “Annual Bonus”) of at least 5% pre-tax earnings (as defined under Generally Accepted Accounting Principles) for the most recently completed fiscal year before deduction of Annual Bonuses paid to officers. In the event majority control of the Company is acquired by a person or group of persons during the fiscal year, Trepeta may choose to receive the aforementioned percentage of pre-tax earnings as calculated above as an Annual Bonus or 1% of the total consideration paid by the acquirer(s) to acquire at least majority control of the Company. The Annual Bonus, if any, shall be paid no later than on the last business day of March of each year. Should this Agreement be terminated prior to the end of any fiscal year for any reason other than that provided in paragraph 9(a), a pro-rata portion of the Annual Bonus shall be paid within 30 days of such termination.”
