Compensation of the Employee. As full compensation for the services rendered by the Employee pursuant to this Agreement, the Company agrees to pay and the Employee shall be entitled to the compensation set forth on the attached Exhibit "A".
Compensation of the Employee. Throughout the term of this Agreement, commencing January 1, 2004, the Employer shall pay to the Employee a salary, set from time to time by the Board of Directors, stated as an annualized amount but payable semi-monthly in arrears in equal monthly installments for each year of the three (3) year term of the Employee’s employment and commencing on the Effective Date. The Employee’s salary at the commencement of and throughout the term of this Agreement shall be no less than ONE HUNDRED TWENTY THOUSAND ($120,000.00) DOLLARS Canadian per annum. The Employee’s compensation and performance shall be reviewed by the Board of Directors annually at least one month prior to each anniversary date of commencement. The Employee shall have the right to provide information to the Board of Directors on all factors relevant to the Board’s decision on any increase in compensation.
Compensation of the Employee. The Employer shall pay the Employee in full payment for the Employee’s services under this Agreement, the following compensation:
Compensation of the Employee. The Employer shall compensate Employee for Employee's services rendered under this Agreement, as follows:
a. Base salary of three thousand dollars ($3,000) per week;
b. All other Company benefits for employees as described in the Company's Employee Handbook; and
c. Issuance of 600,000 shares of common stock of the Company in connection with an offering of securities conducted by the Company pursuant to United States Securities and Exchange Commission Form S-8.
Compensation of the Employee. As the Employee's entire compensation (exclusive of director's fees, if any) for all services rendered to the Employer during the term of this Agreement, the Employee shall have and receive, subject to withholding and other applicable employment taxes:
A. Commencing on the first day of the first month immediately following the Effective Date (the "Salary Commencement Date"), a "basic salary" at the rate of One Hundred Twenty Thousand and 00/100 Dollars ($120,000) per annum, payable in cash or good check, not less frequently than monthly and not later than the last day of the month in question; provided, however, that the rate of such salary shall be reviewed by the Board of Directors of the Employer not less often than annually and may be increased (but not decreased) at each yearly renewal date. Prior to the
Compensation of the Employee. The employee shall be paid 4,000 RMB, payable once per month on the 25th day of each month. The employee will have a total of six personal days during the first twelve months of employment. The employee will have five paid vacation days during the first thirteen months of employment, usable only during the thirteenth month of employment.
Compensation of the Employee. As the Employee's entire compensation (exclusive of director's fees, if any) for all services rendered to the Employer during the term of this Agreement, the Employee shall have and receive, subject to withholding and other applicable employment taxes:
A. Commencing on the first day of the first month immediately following the Effective Date (the "Salary Commencement Date"), a "basic salary" at the rate of One Hundred Twenty Five Thousand and 00/100 Dollars ($125,000) per annum, payable in cash or good check, not less frequently than monthly and not later than the last day of the month in question; provided, however, that the rate of such salary shall be reviewed by the Board of Directors of the Employer not less often than annually and may be increased (but not decreased) at each yearly renewal date. Prior to the Salary Commencement Date, the Employee shall continue to receive his basic salary as in effect on the date of this Agreement.
B. Bonus compensation over and above the basic salary in such amount and pursuant to such criteria as shall be determined by Philxx X. Xxxxxx xxx Brucx X. Xxxxx xx their sole and absolute discretion, but not to exceed Twenty Five Thousand and 00/100 Dollars ($25,000) for any fiscal year.
C. The right to receive or participate in any additional "fringe" benefits, including but not limited to insurance programs and pension or profit-sharing plans, which may from time to time be made available to executives of the Employer.
Compensation of the Employee. As the Employee's entire compensation (exclusive of director's fees, if any) for all services rendered to the Employer during the term of this Agreement, the Employee shall have and receive, subject to withholding and other applicable employment taxes:
A. Commencing on the first day of the first month immediately following the Effective Date (the "Salary Commencement Date"), a "basic salary" at the rate of Two Hundred Thousand and 00/100 Dollars ($200,000) per annum, payable in cash or good check, not less frequently than
Compensation of the Employee. The Employer shall pay the Employee in full payment for the Employee's services under this Agreement, the following compensation:
a. An annual salary of ninety-nine thousand nine hundred forty-four dollars ($99,944.00) per year payable weekly in the amount of one thousand nine hundred twenty-two dollars ($1,922.00).
b. Bonuses, stock options, vacations, sick leave, retirement benefits, and expense accounts or other prerequisites, as either stated herein, in the Employer's manual for other employees in the same category and as attached by Exhibit to this Agreement, or as may be decided by the Board of Directors of the Employer.
Compensation of the Employee. Throughout the term of this Agreement, commencing May 15, 2003, the Employer shall pay to the Employee a salary, set from time to time by the Board of Directors, stated as an annualized amount but payable monthly in arrears in equal monthly instalments for each year of the three year term of the Employee’s employment and commencing on the Effective Date. The Employee’s salary at the commencement of and throughout the term of this Agreement shall be no less than ONE HUNDRED SIXTY EIGHT THOUSAND ($168,000.00) DOLLARS Canadian per annum. The Employee’s compensation and performance shall be reviewed by the Board of Directors annually at least one month prior to each anniversary date of commencement. The Employee shall have the right to provide information to the Board of Directors on all factors relevant to the Board’s decision on any increase in compensation. From May 15, 2003 to September 30, 2003 the Employee’s salary shall be paid as follows: $14,000 per month is deferred and accrued, to be paid when the Employer obtains financing of a minimum of $1,000,000. The parties agree that 60% of the Employee’s accumulated salary to September 30, 2003 may be paid, at the Employee’s discretion, by converting it to common shares of the Employer at $0.80 per share and if this occurs the Employer shall forward the remaining 40% of the Employee’s salary to Canada Customs and Revenue Agency as withholding tax.. If the conversion does not take place the accrued salary shall be paid to the Employee From October 1, 2003 through the remaining months of the term the Employee’s salary shall be $14,000 per month. If the Employee’s continued employment with AltaRex Corp. ceases then the Employee’s salary hereunder shall increase by the amount of salary AltaRex Corp. was paying the Employee at the time of termination of the Employee’s employment with AltaRex Corp and not to exceed an aggregate salary of $250,000 per annum.
