Current Salary Sample Clauses

Current Salary. A member’s individual biweekly gross salary (does not include longevity) as of the last day of the pay period which precedes September 1.
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Current Salary. Your salary will be $225,000.00 per year effective next pay period, which starts on October 22, 2006. You also are eligible for quarterly bonuses up to $12,500 per quarter based on meeting key parameters such as revenue and margins taken from the official financial projections of record, the exact percentage split and parameters to be determined by the CEO and notified to you. You must be employed on the last of the calendar quarter to receive a bonus payment for that quarter. Your bonus for a calendar quarter will be paid within a reasonable period (not to exceed 45 days) beginning 45 days after the last day of the calendar quarter. Your salary and bonus may be subject to review from time to time at the Company’s discretion.
Sample 1
Current Salary. AMV agrees to authorize FBL to pay Employee for her services a current salary of $175,000 per year, subject to increases as determined by the Board, and, subject to such withholding of taxes and other amounts as may be required by law, payable in equal periodic installments in accordance with FBL policy.
Sample 1
Current Salary. Mr. Xxxxxx xxxll be entitled to receive his base salary as Chairman of the Board, Chief Executive Officer and President effective to and including the Officer Resignation Date. Thereafter Mr. Xxxxxx xxxll be entitled to the salary, bonus, benefits or other compensation set forth in this Agreement.
Sample 1
Current Salary. Executive shall be paid an annual cash salary of $45,000 through December 31, 2007. This salary shall be paid on a bi-weekly basis. For the fist six (6) months of this agreement only, (January 1, 2008 through June 30, 2008) Corporation shall pay the Executive’s health insurance premium up to an amount equal to what the effective premium would be under COBRA as of the date of termination.
Sample 1
Current Salary. Your salary will be $255,000.00 per year effective today. You also are eligible, as of CQ1 2009, for quarterly bonuses up to $18,750 per quarter based on meeting key parameters such as revenue and margins taken from the official financial projections of record, the exact percentage split and parameters to be determined by the CEO and notified to you. You must be employed on the last of the calendar quarter to receive a bonus payment for that quarter. Your bonus for a calendar quarter will be paid within a reasonable period (not to exceed 45 days) beginning 45 days after the last day of the calendar quarter. Your
Sample 1
Current Salary. Each of the Corporation’s Officers agrees to continue to provide services to the Corporation in their present capacities, to serve at the pleasure of the Board of Directors, at an annual base salary of One Dollar ($1.00). The Board of Directors may, at their discretion, from time to time grant either or both of the Corporation Officers stock options or other equity awards as additional compensation.
Sample 1
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Current Salary. Your annual base salary is $170,000.00. You will continue to be eligible for a quarterly bonuses target of $30,000 per quarter based on meeting key parameters such as Assureon and European revenue taken from the official cashflow projections of record multiplied by 1.2 for SATA and other storage revenue, and by 1.0 for Assureon sales with no upside limit to the Assureon part. Assureon gross margins may also be considered in the calculation of your quarterly bonus. The exact percentage split and parameters for the bonus calculation will be determined by the CEO and notified to you. Except as provided in Section 6, you must be employed on the last of the calendar quarter to receive a bonus payment for that quarter. Your bonus for a calendar quarter will be paid within a reasonable period (not to exceed 45 days) beginning 45 days after the last day of the calendar quarter. Your salary and bonus may be subject to review from time to time at the Company’s discretion.
Sample 1

Related to Current Salary

  • Base Salary The Company shall pay to the Executive an annual base salary of $200,000, payable on a monthly basis commencing on the Effective Date (as the same may be adjusted herein, the “Base Salary”). The Base Salary shall be paid in accordance with the Company’s payroll policies.

  • Annual Salary Executive's compensation shall consist of an annual base salary (the "Annual Salary") of one hundred fifty thousand dollars ($150,000), before all customary payroll deductions. The Annual Salary shall be reviewed, and shall be subject to change, by the Board of Directors of Employer (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.

  • Salary No salary will be paid to a Member for the performance of his or her duties under this Agreement unless the salary has been approved in writing by a Majority of the Members.

  • Annual Base Salary During the Term, Executive shall receive a base salary at a rate of $550,000 per annum (as increased from time to time, the “Annual Base Salary”), which shall be paid in accordance with the customary payroll practices of the Company. Such Annual Base Salary shall be reviewed (and may be increased, but not decreased) from time to time by the Board or an authorized committee of the Board.

  • Base Compensation The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $76,000 per annum, payable in cash not less frequently than monthly; provided, that the rate of such salary shall be reviewed by the Board of Directors of the Bank not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the Board of Directors in its sole discretion may decide.

  • Accrued Salary On the Separation Date, the Company will pay you all accrued salary earned through the Separation Date, subject to standard payroll deductions and withholdings. You will receive these payments regardless of whether or not you sign this Agreement.

  • Monthly Salary The words “monthly salary” when used in this Agreement shall mean: (Bi-weekly pay at regular rate of pay times 26.1) divided by 12 = monthly salary

  • Base Salary and Bonus As compensation for the Executive's services under this Agreement, the Executive shall receive and the Company shall pay a weekly base salary set forth on Exhibit A. Such base salary may be increased but not decreased during the Term or Renewal Period in the Company's discretion based upon the Executive's performance and any other factors the Company deems relevant. Such base salary shall be payable in accordance with the policy then prevailing for the Company's executives. In addition to such base salary, the Executive shall be entitled during the Term or Renewal Period to a performance bonus set forth on Exhibit A and to participate in and receive payments from, at the Company's election, other bonus and other incentive compensation plans, if any, as may be adopted by the Company.

  • Accrued Salary and Vacation On the Separation Date, the Company will pay you all accrued salary and all accrued and unused vacation earned through the Separation Date, subject to standard payroll deductions and withholdings. You will receive these payments regardless of whether or not you sign this Agreement.

  • Base Salary and Benefits (a) During the Employment Period, the Company shall pay Executive an annual base salary of $535,600 (the “Base Salary”). As used herein, references to “Base Salary” shall include all subsequent increases in annual base salary during the Employment Period. The Base Salary shall be payable in regular installments in accordance with the Company’s general payroll practices (as in effect from time to time). (b) In addition to the Base Salary, during the Employment Period, Executive will be eligible to earn an annual bonus under a bonus plan to be established by the Company, payable in accordance with the Company’s customary practices, as determined by the Board, in its sole discretion based upon the Company’s achievement of budgetary and other objectives set by the Board; provided that, in determining the amount of the annual bonus, if any, to be paid to Executive, the Board shall, in determining whether the Company has achieved the budgetary and other goals set by the Board, disregard any payments by the Company and its subsidiaries to Onex (as defined below) and affiliates. (c) During the Employment Period, Executive shall be entitled to participate in all of the Company’s employee benefit programs for which senior executives of the Company and its subsidiaries are generally eligible. Without duplication of any employee benefits provided to all senior executives of the Company and its subsidiaries, the Company shall reimburse Executive for the annual premium cost of $1 million of term life insurance coverage purchased by Executive on his life, up to a maximum of Eleven Thousand Dollars ($11,000) per year. (d) During the Employment Period, the Company shall (without duplication of any employee benefits provided to Executive pursuant to other provisions of this Agreement) reimburse Executive for all reasonable business expenses incurred by him in the course of performing his duties and responsibilities under this Agreement which are consistent with the Company’s policies in effect from time to time with respect to travel, entertainment and other business expenses, subject to the Company’s requirements with respect to reporting and documentation of such expenses. (e) All amounts payable or otherwise provided to Executive pursuant to this Agreement shall be subject to all applicable withholding and deduction obligations.

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