Executive Pay Clause Samples
The Executive Pay clause defines the terms and structure of compensation for executives within an organization. It typically outlines the components of executive remuneration, such as base salary, bonuses, stock options, and other benefits, and may specify performance metrics or conditions for earning certain incentives. By clearly establishing how and when executives are paid, this clause ensures transparency, aligns executive interests with company goals, and helps prevent disputes over compensation.
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. (a) The only Executive Officers of the Borrower, at the execution of this Agreement, are those individuals referenced in the definition of "Executive Officers".
(b) Prior to the execution of this Agreement, the Borrower 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 in existence. There are no material 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 Lender.
(c) The Borrower will not without the prior consent of the Borrower's compensation committee:
(i) Enter into any Executive Agreement not existing at the execution of this Agreement.
(ii) Alter, amend, supplement, or otherwise change any Executive Agreement.
(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 5-21, above.
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:
1. They did not in the preceding tax year receive:
Executive Pay. Pursuant to Executive Order and effective January 1, 2024, the amount of direct salary to Executive Level II of the Federal Executive Pay scales restricted to $221,900.
Executive Pay. (a) The only Executive Officers of the Borrower. at the execution of the within Agreement, are those individuals referenced in the definition of "Executive Officers".
(b) Prior to the execution of the within Agreement, the Borrower 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 Borrower and any Executive Officer which relate to Executive Pay, written disclosure of which has not been made to the Lender.
(c) The Borrower will not: (i) Enter into any Executive Agreement not existing at the execution of the within Agreement. (ii) Alter, amend, supplement, or otherwise change any Executive Agreement.
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 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 Borrower and any Executive Officer which relate to Executive Pay, written disclosure of which has not been made to the Lender.
(c) Without the prior written consent of the Agent, the Borrower will not
(i) Enter into any Executive Agreement not extant at the execution of the within Agreement.
(ii) Alter, amend, supplement, or otherwise change any Executive Agreement in any material respect.
(iii) Pay, provide, or facilitate any Executive Pay in excess of the immediately preceding year's compensation by more than fifteen percent (15%) or, if not covered by an Executive Agreement, as permitted pursuant to Section 4-21 hereof.
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".
(b) Prior to the execution of this Agreement, the Borrower 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 Borrower and any Executive Officer which relate to Executive Pay, written disclosure of which has not been made to the Lender.
(c) The Borrower will not:
(i) Enter into any Executive Agreement not existing at the execution of this Agreement.
(ii) Alter, amend, supplement, or otherwise change any Executive Agreement.
(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 5-21, above, provided however, Borrower may give employees raises, stock options and other compensation in the ordinary course, provided compensation raises are reasonably consistent in the aggregate with the Business Plan and may increase ▇▇▇▇▇ ▇▇▇▇'▇ salary by not more than twenty two (22%) percent per annum.
Executive Pay. (a) The only Executive Officers of the Obligors, 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 Obligors 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 Obligors and any Executive Officer which relate to Executive Pay, written disclosure of which has not been made to the Agent .
Executive Pay. For FY 2016, the Consolidated Appropriations Act, 2016 (Pub. L. 113-76) signed into law on January 10, 2016, restricts the amount of direct salary to Executive Level II of the Federal Executive Pay scale. The Executive Level II annual salary is $185,100.
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".
(b) Prior to the execution of this Agreement, the Borrower 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 in existence. 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 Lender.
(c) The Borrower will not:
(i) Enter into any agreement not existing as of the date of execution of this Agreement, except as approved by the Board of Directors and as set forth in the Business Plan, with prompt notice to Lender following the execution of any such Executive Agreement(s).
(ii) Alter, amend, supplement, or otherwise change any Executive Agreement in any material respect except as approved by the Board of Directors and with notice to Lender.
(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 5-21, above or as approved by the Board of Directors.