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 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) Except for the hiring of a president and/or a general manager, 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.
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. (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 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. 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. (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. (a) The only Executive Officers of the Borrowers, 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 Borrowers furnished the Lender with copies of (i) all written Executive Agreements, (ii) outlines of the salient features of all unwritten Executive Agreements (as amended to date) then in existence, and (iii) outlines of the status of currently contemplated terms of proposed but not yet executed Executive Agreements described in EXHIBIT 5-22. There are no unwritten agreements or understandings between any Borrower and any Executive Officer which relate to Executive Pay, written disclosure of which has not been made to the Lender.
(c) The Borrowers will not:
(i) Enter into any Executive Agreement not existing as of the date of execution of this Agreement, and not disclosed under Section 5-22(b).
(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. (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 Xxxxx Xxxx'x salary by not more than twenty two (22%) percent per annum.
Executive Pay. 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.
