Executive Pay. (a) The only Executive Officers of the Borrower, at the execution of this Agreement, are those individuals referenced in the definition of "Executive Officers".
Executive Pay. The Contractor agrees that none of the funds paid through this Contract shall be used to pay the salary of an individual, through a grant or other extramural mechanism, at a rate in excess of Executive Level II. (Sec. 202)
Executive Pay. Grantees whose gross income in the previous tax year was $300,000 or more will verify in writing to the EGLE Project Administrator that they are exempt from reporting total compensation of Executives required under the federal Transparency Act, as defined in 2 CFR 170.320. This verification is due by the end of the month following the month the EGLE made the grant award. In so doing, the grantee is stating that:
Executive Pay. (a) For purposes of this Agreement, the only Executive Officers of the Borrower, at the execution of the within Agreement, are those individuals referenced in the definition of "Executive Officers", above. (b) Prior to the execution of the within Agreement, the Borrower furnished the Agent with copies of all written Executive Agreements and outlines of the salient features of all unwritten Executive Agreements (as amended to date) then extant. There are no unwritten agreements or understandings between the Borrower and any Executive Officer which relate to Executive Pay, written disclosure of which has not been made to the Agent . (c) Without the prior written consent of the Agent, the Borrower will not
Executive Pay. (a) The only Executive Officers of the Borrowers, at the execution of the within Agreement, are those individuals referenced in the definition of "Executive Officers", above. (b) Prior to the execution of the within Agreement, the Borrowers furnished the Lender with copies of all written Executive Agreements and outlines of the salient features of all unwritten Executive Agreements (as amended to date) then extant. There are no unwritten agreements or understandings between the Borrowers and any Executive Officer which relate to Executive Pay, written disclosure of which has not been made to the Lender. (c) Neither the Borrowers, nor any of them, will (i) Enter into any Executive Agreement not extant at the execution of the within Agreement except as permitted by Section 4.23(c)(ii) hereof. (ii) Alter, amend, supplement, renew, extend, change or supplant any Executive Agreement, except Borrowers may, in the absence of any continuing Event of Default or the occurrence of any Event of Default after giving effect to such changes, increase Executive Pay by up to fifteen percent (15%) per year in the case of Xxxxxx X. Xxx and fifty percent (50%) per year in the case of the Chief Financial Officer and may issue such stock in such classes and amounts as the Borrowers consider prudent in their reasonable business judgment. (iii) Pay, provide, or facilitate any Executive Pay other than as provided in an Executive Agreement or, if not covered by an Executive Agreement, as permitted pursuant to Section 4-22 hereof. 4.24.
Executive Pay. The highest paid Employee of the Employer shall not receive a salary exceeding twice (2) times the highest salary of a bargaining unit Employee.
Executive Pay. 89. The Trust follows the ESFA guidelines on setting executive pay. The trust is accountable to the ESFA, the Secretary of State for Education as principal regulator, and the communities they serve for the education they provide to pupils. It is essential that we have the best people to lead our schools, but at the same time, it is important that salaries: can be justified and are in the best interests of the charity, reflect the individual's responsibilities, demonstrate value for money. Trusts are free to set their own salaries for staff. This places an even greater responsibility on the board to ensure that the use of public money represents the best value for money, and that decisions are underpinned by the 7 principles of public life, as set out by Xxxx Xxxxx. Severance payments
