Compensation During Employment Clause Samples

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: (a) BASE SALARY. Employee shall receive a base salary ("Base Salary") of $160,000 for each twelve (12) months of his employment with such Base Salary paid ratably each month over each twelve month period (after appropriate deductions for taxes, benefits and other customary items). Such base salary may be reviewed and increased at the discretion of the Chief Executive Officer.

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.

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]

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:

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: (a) BASE SALARY. Employee shall receive a base salary ("Base Salary") of $260,000 for each twelve (12) months of his employment with such Base Salary paid ratably each month over each twelve month period (after appropriate deductions for taxes, benefits and other customary items). Such base salary may be reviewed and increased at the discretion of the Chairman of the Board and/or the Compensation Committee of the Board of Directors.

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.

Compensation During Employment