Direct Compensation. In consideration of the services to be provided by Executive, Executive shall receive compensation, less all applicable taxes, social security payments and other items that ARC is required by law to withhold or deduct therefrom, as follows:
Direct Compensation. In consideration for Foundation services including but not limited to the responsibilities listed in Section 5: Foundation Responsibilities, the University shall provide the Foundation with fair and reasonable compensation or payment for services. The amount of compensation will be negotiated and agreed upon on a biennial basis (or more frequently if so agreed by both parties) prior to the agreement period in which the compensation is to be paid. The compensation amounts and payment dates for each of the fiscal years immediately subsequent to the date of this agreement are included as Appendix A: Direct Compensation Agreement.
Direct Compensation. During the term of this Agreement, EMPLOYEE shall, subject to the terms and conditions set forth herein, receive a base salary in the amount of $120,000, payable in accordance with EMPLOYER's normal payroll practice.
Direct Compensation. For his service hereunder during the Employment Term and, if applicable, during the Extended Employment Term, Executive will receive a base salary payable at an annual rate of $350,000.00 the "Base Salary"), to be paid in accordance with the normal practices for remunerating Titan’s salaried executive employees. Nothing in this Agreement will be deemed to prohibit an increase at any time in the Executive’s Base Salary if Titan's Board of Directors approves the same in its sole discretion (as so approved and adjusted, the "Adjusted Base Salary").
Direct Compensation. For his service hereunder during the Employment Term and, if applicable, during the Extended Employment Term, Executive will receive a base salary payable at an annual rate of $250,000.00 (the “Base Salary”), to be paid in accordance with the normal practices for remunerating Titan executive management. Nothing in this Agreement will be deemed to prohibit an increase at any time in the Base Salary if Titan’s Board of Directors approves. (The Base Salary, if so adjusted, is herein called the “Adjusted Base Salary”). In addition to salary, each calendar year, the Executive shall be entitled to receive a minimum bonus of twenty five percent (25%) up to a maximum of fifty percent (50%) of his salary based on performance with specified criteria. The Board of Directors will establish the bonus and performance standards at the beginning of each year. The Executive shall receive stock options of up to a minimum of fifty percent (50%) of his base salary in shares of the Company stock under the Company Stock Incentive Plan that shall vest and become exercisable as prescribed by the Plan. The Executive during the Employment term shall be entitled to two weeks of vacation plus Titan designated holidays in each year and shall, during such periods, be entitled to remuneration as hereinbefore provided.
Direct Compensation. The amounts of the annual cash performance bonus, the Annual Executive Incentive Awards and the Service Company Term Awards payable by each Service Company directly to Executive pursuant to Section 2.5(b) of this Agreement shall be determined as follows: · Annual Cash Performance Bonus. Executive’s aggregate target annual cash performance bonus amount of $17 million (“Aggregate Annual Target Cash Bonus”) is allocated to each Service Company based on its respective Executive Percentage and may be made subject to the achievement of one or more performance metrics as described in Section 4.3 of the Executive Employment Agreement;
Direct Compensation. §20.1 The State shall prepare, secure introduction and recommend passage by the Legislature of appro- priate legislation in order to provide the benefits described in this Article.
§20.2 a. The basic annual salaries, as of June 30, 2016, of incumbents of positions in the State University in the Professional Services Negotiating Unit shall be increased by two percent commencing the first day of the payroll period closest to (1) July 2, 2016, for employees having a calendar-year or college-year pro- fessional obligation, or (2) September 1, 2016, for employees having an academic-year professional obli- gation, except that certain incumbents at the State University of New York at Binghamton, the Colleges of Technology and the Colleges of Agriculture and Technology heretofore specifically identified by the De- partment of Audit and Control for the purpose of establishing the effective date of eligibility for salary in- creases shall be granted said salary increase on July 2, 2016. Such increases will be added to basic annual salaries as soon as practicable after ratification to eligible employees on the payroll on the date of ratifica- tion and who retired on or after the effective date of the increase.
Direct Compensation. (a) In consideration for services rendered and to be rendered by the Employee hereunder during the Employment Period, the Employee shall receive a salary of Two Hundred and Seventy-Five Thousand ($275,000) Dollars per year, or such greater amount as the Board shall determine from year to year based on the Employee's performance (the "Base Salary"), which shall be paid semi-monthly in arrears or at such other intervals as other employees are paid.
(b) The Employee shall be entitled to receive a cash bonus (i) for the period from September 1, 2004 through December 31, 2005 (the "First Bonus Period") in an amount equal to 2.50% of the Corporation's net operating income for such period as determined by reference to the Corporation's income statements (hereinafter referred to as the "Operating Income") during the First Bonus Period, (ii) for the fiscal year of the Corporation ending December 31, 2006 (the "Second Bonus Period") in an amount equal to the product of (A) the Applicable Percentage (as defined below) and (B) the Operating Income for the Second Bonus Period and (iii) for the fiscal year of the Corporation ending December 31, 2007 (the "Third Bonus Period") in an amount equal to the product of (A) the Applicable Percentage and (B) the Operating Income for the Third Bonus Period. Each bonus payable to the Employee shall be paid within 100 days after the last day of the applicable Bonus Period. For purposes hereof, "Applicable Percentage" shall mean (I) 1.50%, if the percentage obtained by dividing (x) the Operating Income for the Second Bonus Period or the Third Bonus Period, as the case may be, by (y) the shareholders equity of the Corporation during the Second Bonus Period or the Third Bonus Period, as the case may be, as determined by reference to the annual audited balance sheet of the Corporation for the year ending as of the end of such Bonus Period (hereinafter referred to as "Shareholders Equity") is less than or equal to 5%, (II) 2.00%, if the percentage obtained by dividing (x) the Operating Income for the Second Bonus Period or the Third Bonus Period, as the case may be, by (y) the Shareholders Equity is more than 5% but less than or equal to 10%, (III) 2.25%, if the percentage obtained by dividing (x) the Operating Income for the Second Bonus Period or the Third Bonus Period, as the case may be, by (y) the Shareholders Equity is more than 10% but less than or equal to 15%, (IV) 2.50%, if the percentage obtained by dividing (x) the Operating...
Direct Compensation. The amounts of the annual cash performance bonus, the Annual Executive Incentive Awards and the Service Company Term Awards payable by each Service Company directly to Executive pursuant to Section 2.5(b) of this Agreement shall be determined as follows:
Direct Compensation. Direct compensation is compensation paid directly from the Plan (including amounts deducted from participant accounts) based upon the services that LPL and/or your Representative provide. Compensation may be paid as follows:
(a) Commissions and Sales Charges. LPL and/or your Representative receive compensation in the form of a commission when they engage in a securities transaction in an agency capacity. This compensation, sometimes called a sales load or sales charge, is typically paid upfront, reduces the amount available to invest, and is charged directly against the Plan’s investment and based on the amount of assets invested. You should be aware that the more transactions the Plan enters into, the more commissions LPL and/or your Representative receive. Commission charges vary, and the applicable sales charge for a transaction will be displayed on the trade confirmation you receive. For more information about the applicable sales charge for each of your transactions, please refer to the prospectus or other offering document of the investment product provided to the Plan in connection with the investment.
(i) Equities and Other Exchange Traded Securities. The maximum commission charged by LPL in an agency capacity on an exchange-traded securities transaction, such as an equity, option, exchange traded fund (ETF), exchange traded note (ETN) or closed-end fund (CEF), is 1.5% of the transaction amount. The commission amount decreases from 1.5% as the size of the transaction amount increases according to a schedule. In addition, a Representative can decide to discount the commission amount to a minimum of $30 per transaction.
