FINANCIAL PACKAGE. The annual salary is CHF 250’ 000.-, payable in 12 monthly installments, at the latest the before last day of every month. It is subjected to deductions for AVS, unemployment insurance, and the part of old age pension LRGALLY attributable to the associate. Moreover, at the end of every year, starting from the end of trial period, the associate can obtain a bonus corresponding to 0-50 % of the above annual salary, corresponding to 80 to 130 % of the total budgeted business turnover as well as a bonus from 0 to 10 % of the above annual salary, corresponding to personal objectives defined by the CEO at the beginning of the year and This bonus cannot and will not in the future be considered as a vested right for the associate and it is not part of the salary. In case of termination of the contract by one of the parties, this bonus will be owed pro rata temporis only in case termination happens after September 30th. From January 1st, 2011, the Associate will be eligible to earn company shares through a stock options plan to be defined,
FINANCIAL PACKAGE. Financial Package shall contain the documents as referenced under paragraphs C2.3 (a), (b),
FINANCIAL PACKAGE. New salary schedules have been developed for the fiscal 17-18 year with defined columns due to the reorganization of the divisions with clarification of and some new job titles/roles as well as the elimination of multiple schedules for current, new and frozen employees (longevity payments).
FINANCIAL PACKAGE. In consideration of the Consideration provided by Xx. Xxxxxxxxxx to the Company and of Xx. Xxxxxxxxxx’x good will, cooperation, and continuing assistance, and in recognition of Xx. Xxxxxxxxxx’x past service to the Company, to help avoid litigation and for the other reasons stated herein, the Company agrees to provide the following financial compensation package (the “Financial Package”): Subject to the provisions of this Leave of Absence Agreement, the Company agrees to pay Xx. Xxxxxxxxxx as compensation a leave of absence payment in the amount of $2 million (the “LOA Payment”), which will be payable on June 2, 2004 to an escrow account of Xx. Xxxxxxxxxx’x attorney. Notwithstanding the foregoing, if the Settlement is not approved by the judge hearing the case or for any other reason the Settlement does not proceed as anticipated on June 3, 2004, this Leave of Absence Agreement shall terminate and cease to have any further effect and Xx. Xxxxxxxxxx will cause the LOA Payment to be paid from such escrow account to the Company on June 3, 2004.
FINANCIAL PACKAGE. At least two (2) Business Days prior to the Effective Date, the Company shall have delivered to the Purchaser the financial package regularly prepared by the Company, and furnished to the Purchaser pursuant to Section 1.3 of the Investor Rights Agreement, with respect to the fiscal quarter ended March 31, 1999, including, without limitation, the consolidated financial statements of the Company and its Subsidiaries for such fiscal quarter.
FINANCIAL PACKAGE. 21:01 The Company will maintain the current Medical / Benefit plan as per past practice.
FINANCIAL PACKAGE. The Borrower shall have delivered the Q12020 Financial Deliverable Package to the Administrative Agent.
FINANCIAL PACKAGE. Salaries of Administrators shall be increased as follows for the term of this Agreement:
FINANCIAL PACKAGE. The annual salary (80%) is CHF 250' 000.-, payable in 12 monthly installments, at the latest the before last day of every month. It is subjected to deductions for AVS, unemployment insurance, and the part of old age pension LEGALLY attributable to the associate. Moreover, at the end of every year, starting from the end of trial period, the associate can obtain a bonus corresponding to 0 - 10 % of the above annual salary, corresponding to 80 to 130 % of the total budgeted business turnover, a bonus corresponding to 0 - 10 % of the above annual salary, corresponding to 80 to 130 % of the total budgeted business profit, a bonus corresponding to 0 - 10 % of the above annual salary, corresponding to 80 to 130 % of the total budgeted business cash flow, as well as a bonus from 0 to 10 % of the above annual salary, as well as a bonus from 0 to 10 % of the above annual salary, corresponding to personal objectives defined by the CEO at the beginning of the year and communicated ahead of time. This bonus cannot and will not in the future be considered as a vested right for the associate and it is not part of the salary. In case of termination of the contract by one of the parties, this bonus will be owed pro rata temporis only in case termination happens after September 30th. The Associate will be eligible to earn company shares through a stock options plan to be defined.
FINANCIAL PACKAGE. A total compensation package equal to a cost of 1.0% of base salaries, not to be effective sooner than 30 November 1997.
