Discretionary Compensation Sample Clauses

Discretionary Compensation. Employee shall also be entitled to such additional increases in Base Salary, bonuses and stock options as may be determined from time to time by the Compensation Committee of the Board of Directors of the Company in consultation with the Company’s Chief Executive Officer.
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Discretionary Compensation. The Company may pay Xxxxxxx discretionary compensation, bonuses and benefits in addition to those provided for herein in such amounts and at such times as the Compensation Committee shall determine.
Sample 1Sample 2Sample 3See All (10)
Discretionary Compensation. The Employee shall also be entitled to such additional increases in Base Salary, bonuses and stock options as shall be determined from time to time by the Board of Directors of the Company.
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Discretionary Compensation. BHLB shall permit Legacy to pay discretionary compensation of up to an aggregate of $700,000 to such persons under specifically identified compensation plans or programs and in such amounts as set forth in Legacy Disclosure Schedule 7.6.12.
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Discretionary Compensation. Fremed may, at the discretion of the Board, be granted additional stock options, share appreciation rights or bonuses under plans adopted by the Board for the benefit of employees of Grand.
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Discretionary Compensation. In addition to the foregoing, Employee shall be entitled to participate, to the extent determined by Employer's Board of Directors, in such officer/executive bonus plans as may be adopted by Employer.
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Discretionary Compensation. Mr. XxXxxx xxxll be entitled to such discretionary compensation, stock options, and deferred compensation, if any, as may be made available from time to time to executives of the Bank or of the Holding Company serving in positions comparable to that of Mr. XxXxxx, all as may be declared or authorized from time to time by the Board of the Bank or of the Holding Company.
Sample 1
Discretionary Compensation. Based upon an evaluation to be prepared by the Board of Directors, not later than March 31 of each succeeding year, the Board of Directors, at their sole discretion, will approve additional compensation to be paid in the form of an annual bonus for the previous year. The evaluation will give consideration to total performance, to include the following attributes. - Technical expertise - Leadership and managerial skills - Scope of duties - Meeting or exceeding mutually agreed upon goals and objectives As part of the evaluation process, goals and objectives will be established for the current year. They are to be mutually agreed upon goals and objectives and will include the following: - Goals and objectives identified in prior years evaluation - Current financial model (budget) - Specific objectives addressed by the Board of Directors for the current year Based upon the evaluation referred to above, the Board will have the option of giving a annual bonus as a percentage of base salary based on superior performance. The bonus consideration shall be for each calendar year ending December 31. Executive will have the option to receive discretionary compensation in cash or participate in a deferred compensation program that may be established by Employer.
Sample 1
Discretionary Compensation. Executive is eligible for a 100% target bonus with a 3x multiplier, upon achieving specified individual and company performance objectives. The bonus is discretionary, and the details of Company’s bonus plan will be set forth in a separate document, which is subject to modification from time to time at the discretion of the Company. Executive is also eligible to participate in the Company’s Stock Option Plan in early 2019; details of which are forthcoming in an Option Agreement. Executive will be allocated options to purchase 1,200,000 Subordinate Voting Shares (the “Equity Award”) of the Company’s parent, Harvest Health & Recreation, Inc., a corporation organized under the laws of British Columbia, Canada (“Harvest Health”). The terms and conditions of the Option Agreement, including vesting periods, shall be commensurate with those provided to other employees of the Company except as provided for in this Agreement, provided, however, that if approved by the Company’s Board, the vesting period for the Equity Award shall immediately vest upon a Change of Control (as hereinafter defined). A “Change of Control” shall be deemed to have occurred if, after the Effective Date, (i) the beneficial ownership (as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) of securities representing more than 50% of the combined voting power of Harvest Health is acquired by any “person” as defined in sections 13(d) and 14(d) of the Exchange Act (other than Harvest Health, any subsidiary of Harvest Health, or any trustee or other fiduciary holding securities under an employee benefit plan of Harvest Health), (ii) the merger or consolidation of Harvest Health with or into another corporation where the shareholders of Harvest Health, immediately prior to the consolidation or merger, would not, immediately after the consolidation or merger, beneficially own (as such term is defined in Rule 13d-3 under the Exchange Act), directly or indirectly, shares representing in the aggregate 50% or more of the combined voting power of the securities of the corporation issuing cash or securities in the consolidation or merger (or of its ultimate parent corporation, if any) in substantially the same proportion as their ownership of Harvest Health immediately prior to such merger or consolidation, or (iii) the sale or other disposition of all or substantially all of Harvest Health’s assets to an entity, other than a sale or disposition by Harvest H...
Sample 1

Related to Discretionary Compensation

  • Salary Compensation As salary compensation for Employee's services hereunder and all the rights granted hereunder by Employee to the Company, the Company shall pay Employee a gross salary of not less than $175,000 during the term of this Agreement. Employee's salary shall be payable in bi-weekly increments in accordance with the Company's payroll practices for salaried employees, upon the condition that Employee fully and faithfully performs Employee's services hereunder in accordance with the terms and conditions of this Agreement. The Company shall deduct and withhold from the compensation payable to Employee hereunder any and all amounts required to be deducted or withheld by the Company under the provisions of any statute, regulation, ordinance, or order and any and all amendments hereinafter enacted requiring the withholding or deducting from compensation payable to employees.

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125 per hour.

  • Discretionary Bonuses The Employee shall participate in an equitable manner with all other senior management employees of the Bank in discretionary bonuses that the Board may award from time to time to the Bank’s senior management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Employee’s right to participate in such discretionary bonuses.

  • Full Compensation Subrecipient agrees to accept the specified compensation as set forth in this Contract as full remuneration for performing all services and furnishing all staffing and materials required, for any reasonably unforeseen difficulties which may arise or be encountered in the execution of the services until acceptance, for risks connected with the services, and for performance by the Subrecipient of all its duties and obligations hereunder.

  • Bonus Compensation During the term hereof, the Executive shall participate in the Company’s Senior Executive Annual Incentive Plan, as it may be amended from time to time pursuant to the terms thereof (the “Plan,” a current copy of which is attached hereto as Exhibit A) and shall be eligible for a bonus award thereunder (the “Bonus”). For purposes of the Plan, the Executive shall be eligible for a Bonus, and the Executive’s specified percentage (the “Specified Percentage”) for such Bonus shall initially be fifty percent (50%) of Base Salary and shall thereafter be established annually by the Board of Directors (the “Board”) or, if the Board delegates the Specified Percentage determination process to a Committee of the Board, by such Committee. In the event the Board or Committee does not approve the Executive’s Specified Percentage within 90 days of the beginning of a fiscal year, such Specified Percentage shall be the same as the immediately preceding year. Whenever any Bonus payable to the Executive is stated in this Agreement to be prorated for any period of service less than a full year, such Bonus shall be prorated by multiplying (x) the amount of the Bonus otherwise earned and payable for the applicable fiscal year in accordance with this Sub-Section 4.2 by (y) a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the applicable fiscal year for which the Executive was employed by the Company. Executive agrees and understands that any prorated Bonus payments will be made only after determination of the achievement of the applicable Performance Measures (as defined in the Plan) in accordance with the terms of the Plan. Any compensation paid to the Executive as Bonus shall be in addition to the Base Salary.

  • Director Compensation Petitioner shall not compensate members of the Charter School’s Governing Board in excess of reasonable expenses incurred in connection with actual attendance at board meetings or with performance of duties associated therewith.

  • Cash and Incentive Compensation (a) All payments referenced in this Agreement are subject to applicable tax withholdings and authorized or required deductions.

  • Discretionary Bonus The Executive shall be entitled to participate in an equitable manner with all other senior management employees of the Bank in discretionary bonuses that may be authorized and declared by the Board of Directors to its senior management executives from time to time. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to participate in such discretionary bonuses when and as declared by the Board.

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.