Compensation During Employment Sample Clauses

Compensation During Employment. For all the services to be rendered by Executive hereunder, the Corporation shall pay to Executive a base salary, bonuses, and incentive compensation as follows:
Sample 1Sample 2Sample 3See All (22)
AutoNDA by SimpleDocs
Compensation During Employment. During the period of his employment under this Agreement, Employee's compensation and consideration for the performance of his services hereunder shall be as follows, all of which shall be paid or given by Employer:
Sample 1Sample 2Sample 3See All (5)
Compensation During Employment. For all the services to be rendered by Executive hereunder, the Corporation shall pay to Executive a base salary (the “Base Salary”) and bonus and incentive compensation in accordance with the compensation schedule attached hereto as Exhibit A which is incorporated herein and made a part hereof by this reference. Executive’s Base Salary shall not be reduced during the Term.
Sample 1
Compensation During Employment. While you are employed by the Company, you will continue to receive base salary at your current annual rate of $336,544.00 and those benefits as set forth in Section 3(c), (d), (e), and (f) of the Employment Agreement. Except as provided in paragraph 5(b)(iii) of this Letter Agreement below, you will not be eligible for any incentive bonus for calendar year 2003. You will not be eligible for any other compensation or benefits from the Company relating to your employment or the termination of your employment except as stated in this Letter Agreement. [CIMA LETTERHEAD]
Sample 1
Compensation During Employment. Employee shall be paid a salary of $162,000 per year, pro rata and less lawfully required withholdings, from the Effective Date of this Agreement through the Resignation Date, provided that Employee performs his duties hereunder for such period. During said period, Employee will continue to be eligible for all benefits and perquisites made available by the Company to its executive level employees. All entitlement to ongoing compensation, benefits, and other remuneration shall cease on the Resignation Date unless otherwise expressly specified herein. On the first regular payroll date after the Resignation Date, Employee will be paid all accrued but unpaid compensation earned through the Resignation Date, and will be paid for Employee's accrued but unused vacation time and personal time, which the parties agree are equal to 332.47 vacation hours and 16.05 personal hours as of May 31, 2003.
Sample 1
Compensation During Employment. PERIOD 3.1 In respect of services to be performed by Employee during the Employment Period, the Company agrees to pay Employee an annual salary of Three Hundred Thirteen Thousand Five Hundred ($313,500) Dollars ("Basic Compensation"), payable in accordance with the Company's customary payroll practices for executive employees. 3.2 Employee's Basic Compensation shall be increased by an amount established by reference to the "Consumer Price Index for Urban Wage Earners and Clerical Workers, New York, New York, all items - Series A-01 (1982 - 84=100)" published by the Bureau of Labor Statistics of the United States Department of Labor (the "Consumer Price Index"). The base period shall be the month ended March 31, 1996 (the "Base Period"). If the Consumer Price Index for the month of March in any year, commencing in 1997, is greater than the Consumer Price Index for the Base Period, Basic Compensation shall be increased to the amount obtained by multiplying Basic Compensation by a fraction, the numerator of which is the Consumer Price Index for the month of March of the year in which such determination is being made and the denominator of which is the Consumer Price Index for the Base Period. 3.3 In addition to his Basic Compensation, during the Employment Period Employee shall also be entitled to receive for all services rendered hereunder an annual cash bonus ("Incentive Compensation") equal to 1.77% percent of the first $5,000,000 of the Company's "Pre-Tax Earnings" and 2.65% of the Company's Pre-
Sample 1
Compensation During Employment. PERIOD 3.1 In respect of services to be performed by Employee during the Employment Period, the Company agrees to pay Employee an annual salary of Two Hundred Thirty Five Thousand One Hundred Twenty Five ($235,125) Dollars ("Basic Compensation"), payable in accordance with the Company's customary payroll practices for executive employees. 3.2 Employee's Basic Compensation shall be increased by an amount established by reference to the "Consumer Price Index for Urban Wage Earners and Clerical Workers, New York, New York, all items - Series A-01 (1982 - 84=100)" published by the Bureau of Labor Statistics of the United States Department of Labor (the "Consumer Price Index"). The base period shall be the month ended March 31, 1996 (the "Base Period"). If the Consumer Price Index for the month of March in any year, commencing in 1997, is greater than the Consumer Price Index for the Base Period, Basic Compensation shall be increased to the amount obtained by multiplying Basic Compensation by a fraction, the numerator of which is the Consumer Price Index for the month of March of the year in which such determination is being made and the denominator of which is the Consumer Price Index for the Base Period. 3.3 In addition to his Basic Compensation, during the Employment Period Employee shall also be entitled to receive for all services rendered hereunder an annual cash bonus ("Incentive Compensation") equal to 1.46% percent of the first $5,000,000 of the Company's "Pre-Tax Earnings" and 2.20% of the Company's Pre-Tax Earnings in excess of $5,000,000, as hereinafter defined, to be paid on or before March 15 of each year based on the Company's Pre-Tax Earnings for its fiscal year ended immediately prior thereto. In the event that the Employment Period shall end on any day other than the last day of a fiscal year the Incentive Compensation payable to Employee hereunder shall be prorated based on the ratio that the number of days in that fiscal year which are included in the Employment Period bears to the total number of days in that fiscal year. 3.4 As used herein, the term Pre-Tax Earnings shall mean the net income of the Company and its subsidiaries, as determined on a consolidated basis as shown on the Company's statement of operations which is included in its audited financial statements, in accordance with generally accepted accounting principles applied consistently with those employed in the preparation of the Company's audited financial statements, as adju...
Sample 1
AutoNDA by SimpleDocs
Compensation During Employment 
Sample 1

Related to Compensation During Employment

  • Compensation and Benefits During Employment During the Employment, the Company shall provide compensation and benefits to the Executive as follows.

  • Death During Employment If the Executive dies during the term of employment and has not attained the age of seventy years, the Corporation and/or any third party insurance provided by the Corporation, through a coordination of benefits, shall pay the estate of the Executive a death benefit equal to two times the Executive's annual salary. In the event the Executive receives death benefits payable under any group life insurance policy issued to the Corporation, the Corporation's liability under this clause will be reduced by the amount of the death benefit paid under such policy. The Corporation shall pay any remaining death benefits to the estate of the Executive over the course of twelve (12) months in the same manner and under the same terms as the Executive would have been paid if he had still been working for the Corporation. No later than one (1) month from the date of death, the estate of the Executive will also be paid any accumulated vacation pay. Such payments pursuant to this paragraph shall constitute the full compensation of said Executive and he and his estate shall have no further claim for compensation by reason of his employment by the Corporation.

  • During Employment During Employee’s employment hereunder, Employee shall not engage, directly or indirectly, as an employee, officer, director, partner, manager, consultant, agent, owner (other than a minority shareholder or other equity interest of not more than 1% of a company whose equity interests are publicly traded on a nationally recognized stock exchange or over-the-counter) or in any other capacity, in any competition with the Company or any of its subsidiaries.

  • Non-Competition During Employment Executive agrees during the Basic Term, and any extension of the Basic Term under this Agreement, he will not compete with the Company by engaging in the conception, design, development, production, marketing, or servicing of any product or service that is substantially similar to the products or services which the Company provides, and that he will not work for, in any capacity, assist, or became affiliated with as an owner, partner, etc., either directly or indirectly, any individual or business which offer or performs services, or offers or provides products substantially similar to the services and products provided by Company.

  • Outside Activities During Employment Except with the prior written consent of the Company, which shall not be unreasonably withheld, Executive will not, while employed by the Company, undertake or engage in any other employment, occupation or business enterprise that would interfere with Executive’s responsibilities and the performance of Executive’s duties hereunder, except for (i) reasonable time devoted to volunteer services for or on behalf of such religious, educational, non-profit and/or other charitable organization as Executive may wish to serve, (ii) reasonable time devoted to activities in the non-profit and business communities consistent with Executive’s duties, and (iii) such other activities as may be specifically approved by the Company. This restriction shall not, however, preclude Executive from owning less than one percent (1%) of the total outstanding shares of a publicly traded company, or employment or service in any capacity with Affiliates of the Company. As used in this Agreement, “Affiliates” means an entity under common management or control with the Company.

  • Compensation of Executive (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $225,000 per annum (the “Base Salary). The Corporation shall review the Base Salary on an annual basis and agrees to increase it by at least 10% per annum, but has no right to decrease the Base Salary.

  • Employment Period Compensation In consideration of the other provisions of this Agreement, and the Executive’s agreement to execute a Release Agreement, substantially in the form attached hereto as Exhibit B, in the event of his termination under relevant circumstances pursuant to which he would be paid severance benefits, ESC shall provide the Executive with the following payments and benefits, both those set forth in this section and elsewhere in this Agreement:

  • Duty of Loyalty During Employment I agree that during the period of my employment by Company I will not, without Company’s express written consent, directly or indirectly engage in any employment or business activity which is directly or indirectly competitive with, or would otherwise conflict with, my employment by Company.

  • Compensation of Employee Employer shall pay Employee, and Employee shall accept from Employer, in full payment for Employee's services hereunder, compensation as follows:

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!