Compensation During the Employment Period. During the Employment Period, the Executive shall be compensated as follows:
a. the Executive shall receive an annual salary which is not less than his annual salary immediately prior to the Employment Period and shall be eligible to receive an increase in annual salary which is not materially less favorable to the Executive than increases in salary granted by the Company for executives with comparable duties;
b. the Executive shall be eligible to participate in short-term and long-term cash-based incentive compensation plans which, in the aggregate, provide bonus opportunities which are not materially less favorable to the Executive than the greater of (i) the opportunities provided by the Company for executives with comparable duties; and (ii) the opportunities provided to the Executive under all such plans in which the Executive was participating prior to the Employment Period;
c. the Executive shall be eligible to participate in stock option, performance awards, restricted stock and other equity-based incentive compensation plans on a basis not materially less favorable to the Executive than that applicable (i) to the Executive immediately prior to the Employment Period or (ii) to other executives of the Company with comparable duties; and
d. the Executive shall be eligible to receive employee benefits (including, but not limited to, tax-qualified and nonqualified savings plan benefits, medical insurance, disability income protection, life insurance coverage and death benefits) and perquisites which are not materially less favorable to the Executive than (i) the employee benefits and perquisites provided by the Company to executives with comparable duties or (ii) the employee benefits and perquisites to which the Executive would be entitled under the Company's employee benefit plans and perquisites as in effect immediately prior to the Employment Period.
Compensation During the Employment Period. During the Employment Period, the Employee shall be compensated as follows:
a. The Employee shall receive compensation which is not less than compensation paid by the Employer to the Employee immediately prior to the Employment Period; and
b. The Employee shall be eligible to participate in the Employer employee benefit plans which are not materially less favorable to the Employee than the Employer employee benefit plans in which the Employee participated in immediately prior to the Employment Period.
Compensation During the Employment Period. During the Employment Period, the Executive shall be compensated as follows:
Compensation During the Employment Period. During the Employment Period, the Executive shall be compensated as follows:
(a) He shall receive an annual salary which is not less than his annual salary immediately prior to the Employment Period.
(b) He shall be entitled to participate in annual cash-based incentive compensation plans which, in the aggregate, provide bonus opportunities which are not materially less favorable to the Executive than the greater of (i) the opportunities provided by the Trust for executives with comparable levels of responsibility as in effect from time to time; and (ii) the opportunities provided to the Executive under all such plans in which he was participating prior to the Employment Period.
(c) He shall be eligible to participate in other incentive compensation plans and other employee benefit plans on a basis not materially less favorable to the Executive than that applicable to other executives of the Trust with comparable levels of responsibility as in effect from time to time.
Compensation During the Employment Period. During the Employment Period, the Executive shall be compensated as follows:
(a) he shall receive a monthly base salary which is not less than the monthly base salary which was received in the month immediately prior to the commencement of the Employment Period;
(b) for the fiscal year in which the Change in Control occurs, he shall be entitled to a bonus which will be calculated in a manner consistent with the Company’s practice with respect to the Executive prior to the Change in Control;
(c) for fiscal years following the fiscal year in which the Change in Control occurs, he shall be entitled to a bonus which will be calculated in a manner that is comparable to the manner that is used for calculating the bonus for other similarly situated employees of the Company; and
(d) he shall be entitled to receive employee benefits (including, but not limited to, tax-qualified pension and savings plan benefits, medical insurance, disability income protection, life insurance coverage and death benefits) and perquisites which are not materially less favorable to the Executive than the employee benefits and perquisites provided to other similarly situated employees of the Company from time to time after the Change in Control.
Compensation During the Employment Period. During the Employment Period, the Employee shall be compensated as follows:
A. The Employee shall receive compensation which is not less than the total compensation, including the base salary, incentive compensation and any other compensation paid by the Employer to the Employee, whether in cash or in any other form during the year immediately prior to the Employment Period; and
B. The Employee shall be eligible to participate in the Employer employee benefit plans which are not materially less favorable to the Employee than the Employer employee benefit plans in which the Employee participated in immediately prior to the Employment Period.
Compensation During the Employment Period. During the Employment Period, the Executive shall be compensated as follows:
(a) He shall receive an annual salary which is not less than his annual salary immediately prior to the Employment Period, payable in accordance with the normal payroll practices of the Trust.
(b) He shall be entitled to participate in annual cash-based incentive compensation plans which, in the aggregate, provide bonus opportunities which are not materially less favorable to the Executive than the greater of (i) the opportunities provided by the Trust for executives with comparable levels of responsibility as in effect from time to time; and (ii) the opportunities provided to the Executive under all such plans in which he was participating prior to the Employment Period, which bonuses shall be paid in accordance with the terms of the applicable bonus arrangement.
(c) He shall be eligible to participate in other incentive compensation plans and other employee benefit plans on a basis not materially less favorable to the Executive than that applicable to other executives of the Trust with comparable levels of responsibility as in effect from time to time.
Compensation During the Employment Period a) Employer shall pay to the Employee, and the Employee shall accept from Employer, for her services hereunder, 4,500,000 common shares of Yseek, Inc. common stock, valued at $0.01 per share. Said shares shall bear a restrictive legend. Said shares shall be issued upon the full execution of this Agreement.
b) Employer will make available to the Employee, to the extent she satisfies the eligibility requirements thereof and to the extent permitted by law, any fringe benefit program in which employees are eligible to participate. Fringe benefits include, but are not limited to, health insurance, hospitalization and other plans and policies authorized now or in the future. In addition to any other benefits provided to the Employee hereunder, Employer shall provide the Employee with such other benefits and prerequisites as are being provided to the Employee by Employer on the date hereof.
c) The Employee shall be entitled to receive additional compensation, if any, whether in the form of bonus, other incentive compensation or otherwise, as the Board of Directors of YSEEK may specify from time to time.
Compensation During the Employment Period. Subject to the terms of this Agreement, during the Employment Period, while the Executive is employed by the Company, the Company shall compensate him for his services as follows:
Compensation During the Employment Period. As compensation for services to be rendered by the Executive hereunder during the Employment Period, the Company hereby agrees to pay or cause to be paid to the Executive, and the Executive agrees to accept as compensation hereunder, a base fixed salary ("Basic Salary") at the rate of $225,000 per annum payable in substantially equal bi-weekly installments in arrears on the day regular payroll is paid to the employees of the Company.
