Compensation During Term Sample Clauses

Compensation During Term. Executive shall be entitled to the following compensation for services as an employee or consultant hereunder:
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Compensation During Term. (a) During the Term, the Executive shall (i) receive an annual salary at a rate not less than the Executive's annual base salary payable monthly or otherwise as in effect immediately prior to the commencement of the Term or such higher rate as may be determined from time to time thereafter by the Board of Directors of the Company (the "Board") or the Compensation Committee thereof (which base salary at such rate is herein referred to as "Base Pay") and (ii) participate in such incentive pay plan(s) or program(s) maintained by the Company for its senior executives at a level commensurate with similarly situated senior executives of the Company; provided, however, the sum of the Executive's Base Pay and incentive pay (the "Total Pay") for any year during the Term shall not be less than the sum of (x) the Executive's Base Pay as of the effective date of this Agreement and (y) the highest annual cash incentive amount paid to the Executive by the Company with respect to 1992, 1993 or 1994.
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Compensation During Term. During the Term, the Company shall continue to pay Executive his current base salary, which may be increased from time to time in the discretion of the Board, and Executive shall remain eligible to participate in the Company's non-equity annual incentive, long-term equity incentive bonus programs, and other Company employee benefit programs administered by the Compensation Committee and the Company, which are separate from the RSU Award described in this Agreement.
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Compensation During Term. The Company agrees to compensate Executive for the services rendered by him during the Term as follows:
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Compensation During Term. During the term of this Agreement, the Company shall pay Executive the following compensation, including the following salary and other benefits:
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Compensation During Term. During the Term, your compensation will not change, provided that no further equity awards will be granted to you and you will not participate in any annual or long-term incentive programs in respect of for any period beginning on or after January 1, 2011.
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Compensation During Term. In consideration of your forty years of service as an executive of the Company and as compensation for your transition employment services to the Company during the Term:
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Compensation During Term. During the Term, the Executive shall receive an annual base salary (which base salary is herein referred to as "Base Pay") and shall have the opportunity to earn an annual bonus (the "Annual Bonus") and may have the opportunity to earn a special bonus (the "Special Bonus") in each case, in such amounts, at such rates, at such times and subject to such conditions as may be determined annually by the Board pursuant to a formal resolution adopted by the Board (hereinafter referred to as the "Compensation Resolution"). After delivery of a copy of the Compensation Resolution (certified by the Secretary of the Company) to the Executive, the amount, terms and conditions of the Base Pay, Annual Bonus and Special Bonus (if any) to be earned by and paid to the Executive for the fiscal year to which the Compensation Resolution relates, may not be amended in a manner adverse to the Executive without the written consent of the Executive. The Executive acknowledges the receipt of the Compensation Resolution relating to the 2000 fiscal year of the Company. The Company will deliver to the Executive subsequent Compensation Resolutions relating to subsequent fiscal years of the Company, in a manner consistent with the Company's past compensation practices. Unless otherwise provided in the applicable Compensation Resolution, the Executive's Base Pay shall be payable in accordance with the Company's generally applicable payroll policies and this Agreement. Unless otherwise provided in the applicable Compensation Resolution, the Executive's Annual Bonus shall be paid in accordance with the Company's past compensation practices and this Agreement. Any Special Bonus payable to the Executive shall be paid in accordance with the terms of the applicable Compensation Resolution and this Agreement. The Annual Bonus and the Special Bonus are hereinafter collectively referred to as "Incentive Pay." If this Agreement is "renewed" for one or more renewal periods (pursuant to Section 2) the Executive's Base Pay for such renewal period will not be less than the Base Pay payable to the Executive pursuant to the Compensation Resolution applicable to the immediately preceding annual period and the target bonus amount with respect to any such renewal period will be not less than one hundred percent (100%) of the Base Pay payable with respect to such renewal period.
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Compensation During Term 
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Related to Compensation During Term

  • Death During Benefit Period If the Executive dies after the benefit payments have commenced under this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Executive's beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived.

  • Covered Termination During a Change in Control Period If Executive experiences a Covered Termination during a Change in Control Period, and if Executive delivers to the Company a Release of Claims that becomes effective and irrevocable within sixty (60) days, or such shorter period of time specified by the Company, following such Covered Termination, then in addition to any accrued but unpaid salary, bonus, vacation and expense reimbursement payable in accordance with applicable law, the Company shall provide Executive with the following:

  • 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.

  • Compensation During Disability or Upon Termination (i) If, during the Protected Period, Employee fails to perform Employee's normal duties as a result of incapacity due to physical or mental illness, Employee shall continue during the period of such disability to receive Employee's full Base Salary and any awards, deferred and nondeferred, payable during such period under the Bonus Plan, less any amounts paid to Employee during such period of disability pursuant to the Company's short term disability or sick-leave program(s) until Employee's employment is terminated or such Disability ends. This Section 4(i) shall not reduce or impair Employee's rights to terminate employment for a Good Reason as otherwise provided herein.

  • 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.

  • Compensation Following Termination In the event that Executive’s employment hereunder is terminated, Executive shall be entitled only to the following compensation and benefits upon such termination:

  • Compensation Upon Termination or During Disability In the event Executive is disabled or his employment terminates during the Employment Period, the Company shall provide Executive with the payments and benefits set forth below. Executive acknowledges and agrees that the payments set forth in this Section 8 constitute liquidated damages for termination of his employment during the Employment Period.

  • Compensation During Dispute If a purported termination occurs following a Change in Control and during the Term and the Date of Termination is extended in accordance with Section 7.3 hereof, the Company shall continue to pay the Executive the full compensation in effect when the notice giving rise to the dispute was given (including, but not limited to, salary) and continue the Executive as a participant in all compensation, benefit and insurance plans in which the Executive was participating when the notice giving rise to the dispute was given, until the Date of Termination, as determined in accordance with Section 7.3 hereof. Amounts paid under this Section 7.4 are in addition to all other amounts due under this Agreement (other than those due under Section 5.2 hereof) and shall not be offset against or reduce any other amounts due under this Agreement.

  • Compensation Following Termination of Employment In the event that Executive's employment hereunder is terminated, Executive shall be entitled to the following compensation and benefits upon such termination:

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