Compensation Elements Sample Clauses

Compensation Elements. In connection with the amendments to your Letter Agreement and the Position Letter, you shall receive the following:
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Compensation Elements. The Executive shall receive Compensation ---------------------- Elements at the same level (in dollars or as a percentage of Base Salary, depending on how historically calculated) as in effect immediately prior to the Effective Date. "Compensation Elements" shall not include the Executive's Base Salary and as used herein shall mean annual or other bonuses, incentive compensation and other items of compensation of a nature to be reported to the Internal Revenue Service as "wages, tips and other compensation", and amounts deferred under a Company deferred compensation plan whether or not reportable to the Internal Revenue Service as current income.
Compensation Elements. Authority shall pay District the following amounts: i. The District shall be paid the hourly rates provided in the attached District Proposal for the staffing level, operating level, hours and hourly rates provided therein; ii. Direct reimbursement, without markup, for all District third-party hard costs (laboratory analysis, miscellaneous equipment purchased, etc.), subject to Section 3(a)viii for individual items exceeding one thousand dollars ($1,000.00); and iii. Mileage reimbursement for the milage provided in the District Proposal at the then applicable federal vehicle rate (58.5 cents per mile for 2022).
Compensation Elements. Authority shall pay District the following amounts: i. Reimbursement for labor at the District’s fully loaded rate (salary, benefits) for full time employee (FTE) equivalent for four days per week and full time employees three days per week, calculated pursuant to the then-current payment rate attachment (the current one of which is attached `` ); i. The District shall be paid the hourly rates provided in the attached District Proposal for the staffing level, operating level, hours and hourly rates provided therein;
Compensation Elements. The CEO's compensation program for the year 2001 will consist of the following elements: o Base salary of $150,000 o Discretionary bonus up to $50,000 o Cash incentive plan based on corporate profits o Stock options based on corporate profits Each element is described below. BASE SALARY The CEO's base salary for the year 2001 will be $150,000. At the beginning of each subsequent year, the Board of Directors will determine the need for any appropriate salary adjustments based on the prior year's performance of the CEO and the Company. DISCRETIONARY BONUS At the end of the year 2001, the CEO will be eligible to receive a discretionary bonus of up to $50,000 based on his performance during the year. The Board of Directors will determine the amount of this discretionary bonus based on the following factors: o Increased corporate revenue o Improved cost control o New product development o Improved profitability o Development of high quality management staff o Other qualitative or quantitative factors o The CEO will be eligible to receive cash incentive awards based on a percentage of Company earnings for the year 2001, as shown below: 2001 EARNINGS BEFORE EARNED INCENTIVE INTEREST AND TAXES (EBIT) (AS(DEGREE)/ OF EBIT) ------------------------- --------------------- Below $500,000 0 $500,000 - 2,000,000 2.5% $2,000,001 + 5.0% o The calculation of the cash incentive will be based on annual audited financial statements. o For purposes of calculating earned cash incentives, the definition of EBIT is: o Earnings Before Interest and Taxes o Including the CEO's base salary and discretionary bonus o Including the cost of the annual cash incentive plan o The amount of earned cash incentives (if any) must be approved in writing by the Board of Directors prior to payment. o Payment of earned annual cash incentives (if any) will be made shortly after they are approved by the Board.
Compensation Elements. The Owner’s Representative shall be subject to the foregoing Fixed Maximum Fee expressed as the Maximum Personnel Expense with compensation paid based upon actual hours worked by the Owner’s Representative personnel approved for the Project by the Owner, which shall represent the total amount to be paid to the Owner’s Representative for services under this Agreement. The components to determine the actual amount paid for Owner’s Representative services for the Project are as follows:

Related to Compensation Elements

  • Managers Compensation Any or all Managers may receive such reasonable compensation for their services, whether in the form of salary or otherwise, with expenses, if any, as the Board may reasonably determine. Any such compensation and expense will be paid by the Member.

  • Compensation Plans Following any termination of the Executive's employment, the Company shall pay the Executive all unpaid amounts, if any, to which the Executive is entitled as of the Date of Termination under any compensation plan or program of the Company, at the time such payments are due.

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125.00 per hour.

  • Services and Compensation Consultant shall perform the services described in Exhibit A (the “Services”) for the Company (or its designee), and the Company agrees to pay Consultant the compensation described in Exhibit A for Consultant’s performance of the Services.

  • Compensation for Basic Services A. Owner shall make payment for Part I and Part II services monthly. The payments shall be in proportion to the progress of Engineer's work. Final payment for each phase shall become due and payable upon completion and approval by Owner of that phase of Engineer's work. B. Owner shall make payment for Construction Phase services not more frequently than monthly in proportion to the amount of the gross progress payments to Contractor(s). C. Owner shall make no deduction from Engineer's compensation on account of penalties, liquidated damages or other sums withheld from Contractor(s) through no fault of Engineer. D. Owner shall make payment for Construction Completion Phase services upon completion of the requirements set forth in subsections II. F. 1, 2 and 3. E. Engineer shall submit requests for payment monthly on forms provided and in a manner prescribed by Owner.

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

  • Compensation Benefits In accordance with Section 142 of the State Finance Law, this contract shall be void and of no force and effect unless the Contractor shall provide and maintain coverage during the life of this contract for the benefit of such employees as are required to be covered by the provisions of the Workers' Compensation Law.

  • Salary Compensation As salary compensation for Employee's services hereunder and all the rights granted hereunder by Employee to the Company, the Company shall pay Employee a gross salary of not less than $175,000 during the term of this Agreement. Employee's salary shall be payable in bi-weekly increments in accordance with the Company's payroll practices for salaried employees, upon the condition that Employee fully and faithfully performs Employee's services hereunder in accordance with the terms and conditions of this Agreement. The Company shall deduct and withhold from the compensation payable to Employee hereunder any and all amounts required to be deducted or withheld by the Company under the provisions of any statute, regulation, ordinance, or order and any and all amendments hereinafter enacted requiring the withholding or deducting from compensation payable to employees.

  • Compensation Arrangements (a) Following receipt of an RoU Claim Notice in respect of a Type 2 Restriction of Use, Network Rail and the Train Operator shall (if they have not already done so) commence negotiations in respect of the RoU Direct Costs compensation to be paid by one party to the other in respect of such Type 2 Restriction of Use and, subject to paragraph 10, shall continue such negotiations in good faith until they are concluded. (b) Once the compensation referred to in paragraph 6.1(a) has been agreed or determined (and has been compared against any amounts calculated under paragraph 4 together with any other amounts paid or due to the Train Operator from Network Rail in relation to such Restriction of Use) then, in the event of: (i) a shortfall for the Train Operator, the compensation to be paid by Network Rail to the Train Operator shall be the full amount of the RoU Direct Costs actually incurred by the Train Operator less any amounts calculated under paragraph 4 which have already been paid or are due for such Restriction of Use and any other amounts in respect of any RoU Direct Costs received by the Train Operator from Network Rail in respect of such Restriction of Use; or (ii) an overpayment by Network Rail to the Train Operator, the compensation to be paid by the Train Operator to Network Rail shall be the difference between the amount received by the Train Operator which was calculated under paragraph 4 and the RoU Direct Costs actually incurred by the Train Operator in respect of such Restriction of Use. (c) Network Rail shall include in the statement provided by it in respect of each Period under paragraph 13.1(a) details of the compensation agreed or determined under this paragraph 6 and paragraph 10 to be payable in respect of any Type 2 Restriction of Use taken in that Period and that compensation shall be due and payable by the relevant party to the other in accordance with paragraph 13.1.

  • Fees and Compensation Managers and Officers may receive such compensation and fees, if any, for their services, and such reimbursement for expenses, as may be determined by resolution of the Board.

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