Executive’s Compensation. The Company agrees to compensate the Executive as follows:
Executive’s Compensation. Executive’s compensation shall include the following:
Executive’s Compensation. During Term Executive shall be entitled to the following compensation from Company throughout the Term:
(a) base salary at no less than the annual rate in effect immediately prior to the Effective Date, but with increases subsequent to the Effective Date as may be made from time to time as warranted; and
(b) continuing participation in any corporate compensation plans, pension plans, insurance, medical and hospitalization programs, employment contracts and any other employee benefit plans, practices or arrangements in effect immediately prior to the Effective Date and as same may be modified, supplemented or replaced without material reduction in value and benefits to Executive.
Executive’s Compensation. 3.01 During the Term and subject to this section and to Article 5: [1] The Corporation will pay to the Executive a “Base Salary” at an annualized rate of Six Hundred Eighty-nine Thousand Thirty-seven Dollars and Thirty-six Cents ($689,037.36), prorated to reflect partial calendar months and years of employment and paid in installments that correspond with the Corporation’s normal payroll practices, but in any event not less frequently than monthly. During the Term, Base Salary will not be reduced below Six Hundred Eighty-nine Thousand Thirty-seven Dollars and Thirty-six Cents ($689,037.36) without the Executive’s written consent but may be increased during the Term at the discretion of the Board. In the event Base Salary is increased, the increased Base Salary will not be reduced below that amount without the Executive’s written consent. [2] The Executive may participate in any long-term or short-term cash bonus program that the Corporation adopts or maintains for its senior executives and will be assigned a target bonus of no less than one hundred percent (100%) of his Base Salary. Except for the commitment just made, the amount of and conditions placed on the Executive’s participation in these programs and on the bonus amount will be established by the Board’s Compensation Committee subject to the terms of the plan or program through which it may be earned and other related documents and procedures governing that grant. In the event that the conditions of the programs are met and a bonus payment is earned, any payment under this Section 3.01[2] will be paid to the Executive in accordance with the terms of the program through which it was earned. [3] The Executive may participate in the health, welfare and retirement benefit programs (whether or not tax-qualified) provided to the Corporation’s senior executives (subject to the terms and conditions of the programs, a description of each of which has been given to the Executive), as these programs may from time to time be amended or modified by the Board or the Board’s Compensation Committee. The Corporation will provide long-term disability insurance which will provide benefits payable in the event that the Executive is disabled, as that term is defined by the insurance policy, during employment. The amount of the long term disability benefit will equal two thirds of the Executive’s most recently paid annual Base Salary and bonus, but will not exceed Six Hundred Eighty-four Thousand Dollars ($684,000.00) a...
Executive’s Compensation. The Company will pay as annual salary to Executive for his services as an employee during the Term of Employment a base annual salary at a rate equal to or greater than the rate of base salary in effect for Executive immediately prior to the Change of Control.
Executive’s Compensation. The Company agrees to compensate the Executive as indicated on Exhibit 4 to this Agreement. Base Salary, as defined in Exhibit 4, will be paid to the Executive in regular installments based on the payroll frequency designated by the Company during the term of this Agreement. Any bonus compensation is subject to the requirement that the Executive be an active full-time employee of the Company on the bonus payment date selected by the Company and will be at the absolute discretion of the Company in such amounts and at such times as the Board may determine. The Executive recognizes and acknowledges that the award of bonuses is not guaranteed or promised in any way. Additionally, in the event the Executive resigns employment, the Executive shall not be eligible for any bonus compensation that may have otherwise been payable after such initial notice of resignation. Any restricted stock or other awards granted by Access Midstream Partners, L.P. (the “MLP”), to the Executive from the Company’s various equity compensation plans will be subject to the terms and conditions thereof and the applicable award agreement.
Executive’s Compensation. In lieu of and in settlement of the amounts due to Executive under the Employment Agreement, the Company agrees to pay and provide to Executive the following amounts and benefits:
Executive’s Compensation. Pursuant to Subsection 5b of the Employment Agreement, the Company agrees to pay and provide to Executive the following amounts and benefits as a result of the Resignation:
Executive’s Compensation. GRMH agrees to compensate the Executive, subject to the terms of this Agreement, as follows:
Executive’s Compensation. During the term of this Agreement, the Executive shall be entitled to the following compensation:
