Compensation; Expenses; Benefits. (a) The Company shall pay to the Executive during the Employment Period a salary at the annual rate of $300,000 payable in accordance with the payroll policy of the Company as in effect from time to time. The Company may, in its sole discretion, increase (but it shall not, without the written consent of the Executive, decrease) the annual salary payable to the Executive for his services hereunder.
Compensation; Expenses; Benefits. (a) As compensation for his services hereunder in whatever capacity rendered, the Company shall pay the Executive a salary, payable in equal semi-monthly installments at such times during the month as is customary with the Company with respect to its Executives, at a rate of $100,000 per year. Such salary shall be adjusted annually on July 1st of each year as agreed upon by the Company's Board of Directors. Notwithstanding the foregoing, the salary for any year shall not be less than the preceding year). In addition, the Executive shall be entitled to such increases, bonuses or other payments as may be determined from time to time by the Board of Directors in its discretion and, consistent with benefits provided for other executives, shall be eligible to participate in any pension, profit sharing, incentive, retirement, 401-K or other employee benefit plans now or hereafter in effect for executives for the Company. Additionally, the Executive shall receive term life insurance in the amount of $50,000.
Compensation; Expenses; Benefits. During the Transition Period, Executive shall continue to receive his base salary as in effect on the date hereof. The Company shall also continue to reimburse Executive for all reasonable business expenses incurred by him in the course of performing his duties and responsibilities under Section 3(a) above in accordance with Company policies. Executive shall also be entitled to continue to participate in the Company’s health and welfare benefits on the same basis as members of the Company’s senior management, as well as in the Company’s 401(k) Plan in accordance with its terms and provisions and applicable law.
Compensation; Expenses; Benefits. (a) As compensation for his services hereunder in whatever capacity rendered, the Company shall pay the Employee a salary, payable in accordance with the Company's standard payroll practices with respect to senior officers of the Company and/or its affiliated corporations, at a rate of $150,000 per year; provided, that such salary shall be increased to $200,000 for the twelve month period commencing December 1, 1998. Such salary may be increased, but not decreased by the Board of Directors and shall be reviewed by the Board no less frequently than annually. Such salary and the Employee's employee benefits provided pursuant to Paragraph 3 hereof shall continue to be paid and provided, regardless of any illness or incapacity of the Employee, until this Agreement is terminated.
Compensation; Expenses; Benefits. (a) As compensation for his services hereunder in whatever capacity rendered, the Company shall pay the Employee a base salary, payable in equal monthly or more frequent installments, at a rate of $150,000 per year, which amount may be increased at the discretion of the Board commencing thirteen months after the completion by the Company of an initial public offering of its securities.
Compensation; Expenses; Benefits. For services rendered hereunder, consultant shall be paid a total of $150,000 dollars in cash compensation and be granted (80,000) of the Trinity Learning Corporation class of common stock. It is hereby acknowledged by the Company that Consultant is an independent contractor and as such Consultant shall not be entitled to receive, and shall not receive, any benefit provided by the Company to its employees, including, without limitation, medical and dental insurance and paid vacation. The Company shall not be responsible for deducting or withholding any taxes or other assessments from any monies that it pays to Consultant under this Agreement or otherwise.
Compensation; Expenses; Benefits. For services rendered by Employee during the Employment Period, the Company shall provide the Employee with the elements of compensation as set forth in Exhibit A.
Compensation; Expenses; Benefits. For services rendered hereunder, Consultant shall be paid in shares of the Company's class of common stock, as follows: Sixty Five Thousand (65,000) Shares of Free Trading Common Stock during the Period of Consulting. Consultant is an independent contractor and as such Consultant shall not be entitled to receive, and shall not receive, any benefit provided by the Company to its employees, including, without limitation, medical and dental insurance and paid vacation. The Company shall not be responsible for deducting or withholding any taxes or other assessments from any monies that it pays to Consultant under this Agreement or otherwise.
Compensation; Expenses; Benefits. The stated annual salary for this position is US $180,000.00. Standard Company health and disability benefits are to be calculated from this basis. At the request and initiative of the Employee, this stated base annual salary shall be reduced to the following, primarily in consideration of the options to purchase common stock described herein:
Compensation; Expenses; Benefits. 3(a) BASE SALARY. As compensation for his services hereunder in whatever capacity rendered for the Company, the Company shall pay to the Executive a base salary, payable in equal installments twice a month at such times as is customary with respect to the Company’s executives, at a rate of $700,000 per year (“Base Salary”). The Executive will not be entitled to any additional compensation for any further positions held with the Company.
