Increase Compensation Sample Clauses
The Increase Compensation clause allows for adjustments to the agreed-upon payment or salary under certain conditions. Typically, this clause outlines specific triggers—such as changes in job responsibilities, cost of living increases, or achievement of performance milestones—that justify a raise in compensation. Its core practical function is to provide a clear mechanism for revising pay, ensuring both parties understand when and how compensation may be increased, and thereby reducing disputes or misunderstandings about future salary adjustments.
Increase Compensation. Increased or promised to increase the compensation or fringe benefits of any Shareholder, officer or director, or instituted any general wage increase applicable to employees, or any specified sub group of employees;
Increase Compensation. Grant or promise any increase in compensation to any Shareholder, officer or director, or any general increase in the rate of compensation of its non-Shareholder employees, or any subgroup of employees, nor, by means of any bonus, profit-sharing, incentive compensation payment, pension, retirement, medical hospitalization, life insurance or other insurance plan or plans, or otherwise, increase in any amount the benefits or compensation of any such employees, directors or officers;
Increase Compensation. The compensation is hereby increased by the amount of $1,131,970 for a total compensation amount of $3,606,697.
Increase Compensation. With respect to any employee of Sellers employed by Buyer immediately after the date hereof, increased or promised to increase the compensation or fringe benefits of any Shareholder, officer or director, or instituted any general wage increase applicable to employees, or any specified sub-group of employees other than pursuant to a Collective Bargaining Agreement previously disclosed to Buyer; (h)