Incentive Compensation and Other Benefits Sample Clauses

Incentive Compensation and Other Benefits. 6.1 Employer shall pay to Employee cash incentive compensation as shall be determined by the Board (or any committee thereof) from time to time. Employee shall be entitled to participate in any such plan established at a level to provide Employee compensation commensurate with Employee's position and responsibilities. Upon the establishment of such plans, this Agreement shall be deemed to be automatically amended to include all applicable terms of such plans. 6.2 Employee shall be qualified to participate in grants of options to purchase units in a royalty trust pursuant to any current, or future Royalty Trust Option Plans or any other similar subsequently adopted royalty trust option plans. Employee shall also be qualified to participate in grants of Stock Options, Incentive Stock Options or Performance Shares to purchase or receive common stock of Ness Energy Stock Incentive Plans or any other similar subsequently adopted stock plans. Employee shall receive $2,000 worth of one year restricted stock and each calendar month. The number of shares to be paid is determined by Dividing $2,000 by the average closing price of the month. Such share to be issued within 15 calendar days following the close of a calendar month. 6.3 Employer shall also provide the following employee benefits to Employee during the term of this Agreement:
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Incentive Compensation and Other Benefits. 6.1 Employer shall pay to Employee cash incentive compensation as shall be determined by the Board (or any committee thereof) from time to time. Employee shall be entitled to participate in any such plan established at a level to provide Employee compensation commensurate with Employee’s position and responsibilities. Upon the establishment of any such plan, this Agreement shall be deemed to be automatically amended to include all applicable terms of each such plan. 6.2 Employee shall be qualified to participate in the XTO Energy 2004 Stock Incentive Plan, as amended, or any other similar subsequently adopted equity compensation plans. 6.3 Employer shall also provide the following employee benefits to Employee during the term of this Agreement:
Sample 1Sample 2Sample 3See All (4)
Incentive Compensation and Other Benefits. 6.1 Employer shall pay to Employee cash incentive compensation as shall be determined by the Board (or any committee thereof) from time to time. Employee shall be entitled to participate in any such plan established at a level to provide Employee compensation commensurate with Employee's position and responsibilities. Upon the establishment of such plans, this Agreement shall be deemed to be automatically amended to include all applicable terms of such plans. 6.2 Employee shall be qualified to participate in grants of options to purchase units in a royalty trust pursuant to the 1998 and 1999 Royalty Trust Option Plans or any other similar subsequently adopted royalty trust option plans. Employee shall also be qualified to participate in grants of Stock Options, Incentive Stock Options or Performance Shares (as defined in the 1994, 1997 or 1998 Stock Incentive Plans of Cross Timbers) to purchase or receive common stock of Cross Timbers pursuant to the 1994, 1997 or 1998 Stock Incentive Plans or any other similar subsequently adopted stock plans. 6.3 Employer shall also provide the following employee benefits to Employee during the term of this Agreement:
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Incentive Compensation and Other Benefits. 6.1 Employer shall pay to Employee cash incentive compensation as shall be determined by the Compensation Committee from time to time. Employer shall pay Employee a minimum bonus of not less than his Base Salary per annum, consisting of cash, stock, or other forms of compensation. Employee shall be entitled to participate in any such plan established at a level to provide Employee compensation commensurate with Employee’s position and responsibilities. Upon the establishment of any such plan, this Agreement shall be deemed to be automatically amended to include all applicable terms of each such plan. Employee’s cash compensation (Base Salary and bonus) shall not exceed $7.5 million per year. 6.2 Employee shall be qualified to participate in the XTO Energy 2004 Stock Incentive Plan, as amended, or any other similar subsequently adopted equity compensation plans. 6.3 Employer shall also provide the following employee benefits to Employee during the term of this Agreement:
Sample 1
Incentive Compensation and Other Benefits. 6.1 Employer shall pay to Employee cash incentive compensation as shall be determined by the Board (or any committee thereof) from time to time. Employee shall be entitled to participate in any such plan established at a level to provide Employee compensation commensurate with Employee’s position and responsibilities. Upon the establishment of such plans, this Agreement shall be deemed to be automatically amended to include all applicable terms of such plans. 6.2 Employee shall be qualified to participate in grants of options to purchase units in a royalty trust pursuant to any current, or future Royalty Trust Option Plans or any other similar subsequently adopted royalty trust option plans. Employee shall also be qualified to participate in grants of Stock Options, Incentive Stock Options or Performance Shares to purchase or receive common stock of Ness Energy Stock Incentive Plans or any other similar subsequently adopted stock plans. 6.3 Employer shall also provide the following employee benefits to Employee during the term of this Agreement:
Sample 1
Incentive Compensation and Other Benefits. 6.1 After December 1, 2008, Employee shall not be entitled to participate in any cash incentive compensation plan. 6.2 On January 2, 2009, Employee shall be granted (a) 110,000 shares of XTO Energy common stock that has no vesting criteria, and (b) 40,000 shares of performance-based XTO Energy common stock with the terms of vesting to be determined by the Compensation Committee of the Board (“Compensation Committee”). If this Agreement is extended pursuant to Section 2.2, a similar grant shall be made to Employee on each January 2 thereafter unless otherwise amended by the parties. The shares referred to in this Section 6.2 that have no vesting criteria shall be granted pursuant to Section 11 of the XTO Energy 2004 Stock Incentive Plan, as amended and restated as of May 20, 2008 (“2004 Plan”), as amended from time to time, or any other similar subsequently adopted equity compensation plans. No other grants shall be made to Employee pursuant to the 2004 Plan or any other similar subsequently adopted equity compensation plans during the term of this Agreement or any extension thereof. 6.3 Employer shall also provide the following employee benefits to Employee during the term of this Agreement:
Sample 1

Related to Incentive Compensation and Other Benefits

  • Compensation and Other Benefits Subject to the provisions of this Agreement, the Company shall pay and provide the following compensation and other benefits to the Executive during the Term as compensation for services rendered hereunder:

  • Vacation and Other Benefits Each Contract Year, Executive shall be entitled to four (4) weeks of paid vacation in accordance with Employer’s applicable policies and procedures for executive-level employees. Executive shall also be eligible to participate in and receive the fringe benefits generally made available to other executive-level employees of Employer in accordance with and to the extent that Executive is eligible under the general provisions of Employer’s fringe benefit plans or programs; provided, however, that Executive understands that these benefits may be increased, changed, eliminated or added from time to time during the Term as determined in Employer’s sole and absolute discretion.

  • Executive Perquisites, Benefits and Other Compensation Executive shall be entitled to receive additional benefits and compensation from the Company in such form and to such extent as specified below: (i) Payment of all premiums for coverage for Executive and his dependent family members under health, hospitalization, disability, dental, life and other insurance plans that the Company may have in effect from time to time, benefits provided to Executive under this clause (i) to be at least equal to such benefits provided to Metals executives. (ii) Reimbursement for all business travel and other out-of-pocket expenses reasonably incurred by Executive in the performance of his services pursuant to this Agreement. All reimbursable expenses shall be appropriately documented in reasonable detail by Executive upon submission of any request for reimbursement, and in a format and manner consistent with the Company's expense reporting policy. (iii) The Company shall provide Executive with other executive perquisites as may be available to or deemed appropriate for Executive by the Board and participation in all other Company-wide employee benefits as are available from time to time.

  • Salary and Other Compensation As compensation for the services to be rendered by the Employee to the Company pursuant to this Agreement, the Employee shall be paid the following compensation and other benefits:

  • Insurance and Other Benefits During the Employment Period, the Executive and the Executive’s dependents shall be entitled to participate in the Company’s insurance programs and any ERISA benefit plans, as the same may be adopted and/or amended from time to time (the “Benefits”). The Executive shall be entitled to paid personal days on a basis consistent with the Company’s other senior executives, as determined by the Board. The Executive shall be bound by all of the policies and procedures established by the Company from time to time. However, in case any of those policies conflict with the terms of this Agreement, the terms of this Agreement shall control.

  • Expense Reimbursement and Other Benefits (a) During the term of Executive’s employment hereunder, pursuant to Applica’s Travel and Expense Policy and upon the submission of proper substantiation by the Executive, including copies of all relevant invoices, receipts or other evidence reasonably requested by Applica, Applica shall reimburse the Executive for all reasonable expenses actually paid or incurred by the Executive in the course of and pursuant to the business of Applica or any Affiliates. (b) Executive shall participate in Applica’s Group Health and Hospitalization Plan, Group Life Insurance Plan, Group Disability Insurance Plan and all other insurances, or insurance plans (collectively, the “Welfare Benefits”), and executive benefits and bonuses covering Applica’s executive officers as are now or may in the future be in effect, subject to applicable eligibility requirements. Additionally, Applica shall provide the Executive with life insurance in an amount equal to five times his Base Salary. During the Term, Applica shall pay for (i) the Executive’s annual dues in a country club and (ii) tax preparation and financial planning for the Executive on an annual basis up to a maximum of 1% of his base salary. (c) During the Term, Applica shall provide Executive with a monthly automobile allowance of $975. (d) During the Term, the Executive will be entitled to four weeks’ paid vacation for each year. The Executive will also be entitled to the paid holidays and other paid leave set forth in Applica’s policies. Vacation days and holidays during any fiscal year that are not used by the Executive during such Fiscal Year may not be carried over and used in any subsequent Fiscal Year.

  • COMPENSATION AND OTHER FEES As compensation for the services provided by Xxxxxx xxxxxxxxx, the Company agrees to pay to Xxxxxx: (A) The fees set forth below with respect to the Placement: 1. A cash fee payable immediately upon the closing of the Placement and equal to 6% of the aggregate gross proceeds raised in the Placement. Additionally, a cash fee payable within 48 hours of (but only in the event of) the receipt by the Company within 12 months of the Closing Date of any proceeds from the exercise of the Warrants sold in the Placement that are solicited by the Placement Agent and otherwise in compliance with Financial Industry Regulatory Authority (“FINRA”) Rule 5110 equal to 5% of the aggregate cash exercise price received by the Company upon such exercise, if any (the “Warrant Solicitation Fee”), provided, however, the Warrant Solicitation Fee shall be reduced (before any reduction to the Xxxxxx Warrants described in the last sentence of Section A.2 below or any reduction to the expense reimbursement to Xxxxxx in Section B below) to the extent (and only to the extent) that Xxxxxx’x aggregate compensation for the Placement, as determined under FINRA Rule 5110, would otherwise exceed 8%. Such determination of the actual Warrant Solicitation Fee shall be made promptly following completion of the Placement and communicated in writing to the Company. 2. Such number of warrants (the “Xxxxxx Warrants”) to be issued to Xxxxxx or its designees at the Closing to purchase shares of Common Stock equal to 5% of the aggregate number of Shares sold in the Placement. The Xxxxxx Warrants shall have the same terms as the Warrants (if any) issued to the Purchasers in the Placement except that the exercise price shall be at least 125% of the public offering price per share, but in any event not less than the Warrant exercise price, and the expiration date shall be November 27, 2012. The Xxxxxx Warrants shall not have antidilution protections or be transferable for six months from the date of the Offering except as permitted by FINRA Rule 5110, and further, the number of Shares underlying the Xxxxxx Warrants shall be reduced if necessary to comply with FINRA rules or regulations. Such determination of the actual number of Shares underlying the Xxxxxx Warrants shall be made promptly following completion of the Placement and communicated in writing to the Company. (B) The Company also agrees to reimburse Xxxxxx’x expenses (with supporting invoices/receipts) up to a maximum of 0.8% of the aggregate gross proceeds raised in the placement, but in no event more than $30,000 and only in the event the Placement has been consummated. If payable, such reimbursement shall be paid immediately upon the closing of the Placement.

  • Other Benefits During the Term, the Executive shall be eligible to participate in or receive benefits under the Company’s employee benefit plans in effect from time to time, subject to the terms of such plans.

  • No Other Benefits Executive understands and acknowledges that the compensation specified in Sections 2 and 3 of this Agreement shall be in lieu of any and all other compensation, benefits and plans.

  • Other Compensation and Benefits Except as may be provided under this Agreement, any benefits to which Executive may be entitled through the date of Executive’s termination pursuant to the plans, policies and arrangements referred to in Section 4(d) shall be determined and paid in accordance with the terms of such plans, policies and arrangements, and except as otherwise provided by this Agreement, Executive shall have no right to receive any other compensation, or to participate in any other plan, arrangement or benefit, with respect to future periods after such termination or resignation.

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