Compensation Fringe Benefits. EMPLOYEE shall receive at least the following additional benefits, which may be extended or increased, but not reduced, by EMPLOYER:
(a) Base Personal Leave - During each year of this Agreement, EMPLOYEE shall receive twenty (20) days paid personal leave, which shall not be accumulated from year to year if unused. EMPLOYEE shall not be compensated for any unused personal leave. "Personal leave" shall include vacation, sick leave, bereavement leave, so-called “personal days” and all other personal time off, other than legal holidays in the State of Texas.
Compensation Fringe Benefits. Employer agrees to compensate the Employee for her services during the period of her employment hereunder at a minimum base salary of Two Hundred Ninety-Two Thousand Seven Hundred Fifty and 00/100 Dollars ($292,750) per annum, payable semi-monthly. Employee shall be entitled to receive such increases in this minimum base salary, as the Compensation Committee of the Board of Directors of Employer shall, in their sole discretion, determine. Employee shall also be entitled to participate in the Standex Long Term Incentive Program, the Standex Annual Incentive Program, the Standex Retirement Savings Plan and in such other incentive, welfare, retirement benefit and deferred compensation plans as are made available from time to time to senior management employees of the Employer.
Compensation Fringe Benefits. Compensation shall be determined by each teacher’s step and column of salary schedule, prorated. Each teacher will gain one year of seniority and will move up one half (1/2) step on the salary schedule for each year worked at the job sharing position. Insurance, personal business days, and sick days will be prorated to the percentage of the day worked. If the job sharing teachers each work a half day, their benefits will be calculated at a fifty percent level for example. The teachers may contribute any additional amounts necessary to pay the premium costs for insurance.
Compensation Fringe Benefits. EMPLOYEE shall receive at least the following additional benefits, which may be extended or increased, but not reduced, by EMPLOYER:
Compensation Fringe Benefits. For all services rendered by Officer pursuant to this Agreement, during the Employment Period, the Company shall compensate Officer as follows:
Compensation Fringe Benefits. SALARY SCHEDULES 27 8.02 ADVANCEMENT ON SALARY SCHEDULE 27 8.03 PAY PERIODS/PAY PLANS 27 8.04 SUPPLEMENTAL CONTRACTS 28 8.05 INSURANCES 29 8.06 SEVERANCE PAY UPON RETIREMENT/DEATH 29 8.07 SUPER SEVERANCE 30 8.08 MILEAGE REIMBURSEMENT 39 8.09 REIMBURSEMENT FOR COLLEGE CREDIT 30 8.10 STATE TEACHERS RETIREMENT SYSTEM 31
Compensation Fringe Benefits. Employer agrees to compensate the Employee for his services during the period of his employment hereunder at a minimum base salary of Three Hundred Fifteen Thousand Dollars ($315,000) per annum, payable semi-monthly. Employee shall be entitled to receive such increases in this minimum base salary, as the Compensation Committee of the Board of Directors of Employer shall, in their sole discretion determine. Employee shall also be entitled to participate in the Standex Long Term Incentive Program, the Standex Annual Incentive Program, and such other incentive, welfare and retirement benefit plans as are made available, from time to time to senior divisional management employees of the Employer, including those described in a letter to the Employee, dated November 27, 2006, offering employment. Additionally, Employee will receive a one time, guaranteed annual bonus for the fiscal year ending June 30, 2007 in the amount equal to One Hundred Thousand Dollars ($100,000), payable in September, 2007. Employer shall establish target annual incentive goals for Employee in connection with the Standex Annual Incentive Program for each subsequent fiscal year after the Initial Term.
Compensation Fringe Benefits. (a) During the Employment Term, as full and complete compensation for the services provided by Executive hereunder, Executive shall be entitled to an annual base salary equal to $144,000 (the “Base Salary”). The Base Salary shall be payable by the Company in regular installments in accordance with the Company’s general payroll practices applicable to senior executives (in effect from time to time) but in any event no less frequently than monthly. Base Salary may be adjusted upward from time to time during the Employment Term in the reasonable discretion of Parent, provided that any decrease in Executive’s compensation, or any other material amendment to this Agreement, shall require the consent of the Executive.
(b) In addition to the Base Salary payable to Executive pursuant to this Section 3, Executive shall also be entitled to the following benefits during the Employment Term, unless otherwise modified (but not diminished, other than general “across the board” benefit reductions) by Parent:
(i) participation in Parent’s retirement plans, health and welfare plans and disability insurance plans, under the terms of such plans and to the same extent and under the same conditions such participation and coverages are provided to other executives of the Company;
(ii) prompt reimbursement of all reasonable out-of-pocket expenses incurred by Executive in carrying out his duties, responsibilities and functions under this Agreement, subject to presentation of reasonable documentation in accordance with the Company’s reimbursement policies; and
(iii) four (4) weeks paid vacation each calendar year.
Compensation Fringe Benefits. Employer agrees to compensate the Employee for his services during the period of his employment hereunder at a minimum base salary of Three Hundred Thousand ($ 300,000) per annum, payable semi-monthly. Employee shall be entitled to receive such increases in this minimum base salary, as the Compensation Committee of the Board of Directors of Employer shall, in their sole discretion determine. Employee shall be entitled to participate in the Standex Long Term Incentive Program, the Standex Annual Incentive Program, the Standex Retirement Savings Plan and in such other incentive, welfare and retirement benefit plans as are made available from time to time to senior management employees of the Employer. Employee shall be entitled to the use of an automobile in accordance with the Employer’s Automobile Policy. Employee shall also be entitled to participate in the Relocation Policy of the Employer, as presently in effect and which may be amended from time to time in the sole discretion of the Employer.
Compensation Fringe Benefits. 1. Agency expects Contractor to provide reasonable compensation and benefits in order to attract and retain experienced and highly qualified personnel.
2. Agency encourages Contractor to establish creative programs that result in successful recruitment and retention of personnel.
3. Contractor shall demonstrate, initially and throughout the term of the Agreement, that the compensation program provides the incentive to attract and retain skilled and motivated employees.
