Compensation Terms a. Managed Care Plan or delegee shall apply changes to the above referenced Payor fee schedule on its effective date if Payor publishes such changes at least forty-five
Compensation Terms. The Fifth-Year Option is a non-negotiable, standard fixed Paragraph 5 Salary calculated pursuant to Subsections (e) and (f) below. Any compensation terms other than the player’s Paragraph 5 Salary described in Subsec- tions (e) and (f) below are prohibited.
Compensation Terms. (i) Subject to Subsection (iv) below, Rookies drafted in the first round may contract for only the following types of compensation: (1) Rookie Salary, (2) minimum offseason workout per diem commencing in the contract’s second season; and (3) the Fifth-Year Option as described in Section 7 below. Xxxxxxx drafted in the second round may contract for only the following types of compensation: (1) Rookie Salary; and (2) minimum offseason workout per diem commencing in the contract’s second season. Xxxxxxx drafted in the third through seventh round may contract for only the following types of compensation: (1) Rookie Salary, (2) minimum offseason workout per diem commencing in the contract’s second season; and (3) the Proven Performance Escalator as described in Section 4 below.
(ii) Subject to Subsection (iv) below, Undrafted Rookies may contract for only the following types of compensation: (1) Rookie Salary, (2) minimum offseason workout per diem commencing in the contract’s second season, and (3) the applicable Minimum Salary for players on the Club’s Active/Inactive List Salary and/or the appli- cable Minimum Salary for players not on the Club’s Active/Inactive List.
(iii) Rookie Salary shall include only: (1) traditional signing bonus, defined as signing bonus committed to the player by the Club upon execution of the contract (sub- ject to the player reporting to the Club and passing the physical examination), subject to any forfeiture provisions to which the player and Club may agree to the extent permitted in Article 4; (2) offseason workout bonus; (3) Paragraph 5 Salary (including any agreed- upon provisions adjusting the player’s Paragraph 5 Salary based upon his roster status and/or his number of Credited Seasons (“split contract provisions”) or deferring pay- ment of his earned Paragraph 5 Salary or advancing payment of non-guaranteed year-one Paragraph 5 Salary); (4) Paragraph 5 Salary guarantees (subject to the rules set forth in Subsection (h) below); (5) the permitted performance incentives set forth in Section 6 below; (6) roster bonus; and (7) reporting bonus.
(iv) Aside from the terms outlined in Subsections (i) through (iii), above, no cash or non-cash financial or economic consideration of any kind (e.g., suites, automo- xxxxx, loans, etc.) may be paid or promised to the player for any reason whatsoever including, but not limited to, the player’s performance of nonfootball-related services with the exception of an agreement that the player w...
Compensation Terms. Effective April 1, 2002, employees who “climb” pursuant to a., b., c., and d. will receive a minimum of one hour of climbing pay for any amount of climbing during the first hour of each day. Additional times spent climbing after the first hour during the same day will be rounded to the nearest quarter hour.
Compensation Terms. The Company agrees to compensate McDoxxxxx xxx his services rendered as Chairman under this Agreement as follows:
(a) McDoxxxxx xxxll receive a base salary set annually by the Compensation Committee; provided, however, that such annual base salary shall not be less than $390,000 per year.
(b) McDoxxxxx xxxll receive an annual performance bonus in an amount to be determined by the Compensation Committee based on McDoxxxxx'x xxxisfaction of certain performance goals set annually by the Compensation Committee. The amount of McDoxxxxx'x xxxual performance bonus shall be no less than $160,000 and no more than 100% of his base salary in any particular year, provided, however, that during the term of that certain Employment Agreement dated effective May 1, 1996, between the Company and Paul X. Xxxxx xx Chief Executive Officer of the Company, McDoxxxxx'x xxxus shall be determined on the same basis and in the same amount as that of the Chief Executive Officer.
(c) McDoxxxxx xxxll be entitled to and shall receive any and all other benefits generally available to executive employees of the Company, including participation in health insurance programs and retirement plans.
(d) The Company shall pay any and all of McDoxxxxx'x xxxsting life insurance premium payments as well as any additional life insurance premium payments that McDoxxxxx xxxll deem xxxsonably appropriate. In the event that McDoxxxxx xx no longer Chairman or employed by the Company in any other capacity, the Company shall continue to pay such premiums as required under each and every life insurance policy. Notwithstanding the above, the total sum of annual life insurance premium payments made by the Company for McDoxxxxx xxxll not exceed $75,000 per year.
(e) The Company shall indemnify McDoxxxxx xx accordance with the terms and conditions of its then current indemnification agreements with directors of the Company.
(f) In the event that McDoxxxxx xxxomes disabled and is unable to perform his duties as Chairman of the Board, he shall continue to receive as disability income the amount of his base salary under Section 3(a), but the Board of Directors may elect another person to serve as Chairman of the Board during the period of McDoxxxxx'x xxxability.
Compensation Terms. FEE FOR SERVICE (Section 2.B)
Compensation Terms. (i) Subject to Subsection (iv) below, Rookies drafted in the first round may contract for only the following types of compensation: (1) Rookie Salary, (2) minimum o ffseason workout per diem commencing in the contract's second season; and (3) the Fifth-Year Option as des cribed in Section 7 below. Xxxxxxx drafted in the second round may contract for only the following types of compensation: (1) Rookie Salary; and (2) minimum o ffseason workout per diem commencing in the contract's second season. Xxxxxxx drafted in the third through seventh round may contract for only the following types of compensation: (1) Rookie Salary, (2) minimum offseason workout per diem commencing in the contract's second season; and (3) the Proven Performance Escalator as described in Section 4 below.
(ii) Subject to Subsection (iv) below, Undrafted Rookies may contract for only the following typ es of compensation: (1) Rookie Salary, (2) minimum offseason workout per diem commencing in the contract's second season, and (3) the applicable Minimum Salary for players on the Club's Active/Inactive List Salary and/or the appli cable Minimum Salary for players not on the Club's Active/Inactive List.
Compensation Terms. 6.1 Simultaneously with the execution and delivery of this Agreement, Aphton and SB have entered into a Subscription Agreement, dated the Effective Date, in the form attached hereto as Exhibit C, pursuant to which (i) Aphton has agreed to sell and SB has agreed to purchase the number of shares of common stock, par value $.001 per share, of Aphton set forth in the Subscription Agreement for a purchase price of US $5,000,000, (ii) Aphton shall be entitled to a Put Option (as defined in the Subscription Agreement) and (iii) SB shall be entitled to a Call Option (as defined in the Subscription Agreement), all as subject to the terms and conditions set forth therein.
Compensation Terms. As full compensation for the services, Xxxx Kvaerner will be paid the sum of labour xxxxxxxx and reimbursable expenses incurred.
C-2.1 Labour C-2.2 Direct Expenses
Compensation Terms. EMPLOYEE
