Management and Compensation Sample Clauses

Management and Compensation. The Board of Directors may establish a Compensation Committee, consisting of such members as the Board shall determine. Subject to the provisions of applicable law, the Board of Directors may delegate to any such Compensation Committee all or any part of the authority of the Board of Directors regarding the employment and compensation of all officers and employees of the Company.
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Management and Compensation. (a) The Corporation will not employ any person in any position deemed to be suitable only for "key management personnel" unless approved by a majority of the Board of Directors. (b) Compensation paid by the Corporation to its management will be reasonably comparable to compensation paid to management in companies in similar industries of similar size and of similar maturity.
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Management and Compensation. 10 4.10 Inspection..................................................................................... 10 4.11
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Management and Compensation. Issuer covenants that so long as any of the Senior Debentures are Outstanding, Xxx X. Xxxxxxx shall not serve as a manager nor will Xx. Xxxxxxx participate in the daily operational management of Issuer. Issuer may enter into long-term contracts with Xxxxx “Grumpy” Xxxxxx and/or Xxxx Xxxxxxx on or after the Effective Date to provide benefits consistent with the current benefits provided to each as of the Effective Date and that contain commercially reasonable provisions for executive-level employees and any provisions for increases in compensation shall not exceed those that are customary and commercially reasonable.
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Management and Compensation. Mr. Joel Sens (age 39) xx xxx xxxx employee of the Company and current President and CEO, and has been a Director since inception. Mr. Sens is an entrepxxxxxx xho, from March 1997, was a founder and principal shareholder of Next Generation Media Corp., a publicly held media holding company. From January 1994 through March 1997, Mr. Sens acted as a cxxxxxxxxt specializing in barter transactions and engaged in financial transactions involving the purchase and sale of newspaper companies, radio stations, and barter companies. On February 29, 1996, Mr. Sens pled guilty xx xxx xederal court for the Eastern District of Virginia to one count of failing to disclose the existence of an asset worth approximately $7,000 on a statement of assets filed in a personal bankruptcy case that had been subsequently voluntarily dismissed by Mr. Sens. Mr. Sens rexxxxxx xxe xxxx xx probation and a fine of $1,000. During 2003, previous compensation agreements were renegotiated such that only Mr. Joel Sens is expexxxx xx xxxxxve compensation totaling $90,000 in respect of his services during the last three fiscal years. This has been recorded by the Company but not paid. There have been no other awards or stock based compensations in the last three fiscal years. In October 2000 the Company entered into employment agreements with our former President, Mr. Darryl Reed, as wxxx xx Xx. Xxxx, which provixxx xxx payment of $140,000 annually to each of them. These agreements were renegotiated during 2003 such that no compensation is due to Mr. Reed and, other txxx xxx $90,000 described above due to Mr. Sens, has been rexxxxxx. Under the October 2000 employment agreement with Mr. Sens, the Company xxxxxx to Mr. Sens 3,000,000 shxxxx xx common stock as founder, at a price of $0.001 per share. The Company also issued to Mr. Sens, pursuant to xxx Xxxober 2000 Employment Agreement, stock options to purchase 1,500,000 shares of common stock, granted as follows: - 400,000 to purchase common stock at $.50 per share, - 300,000 to purchase common stock at $1.00 per share, - 300,000 to purchase common stock at $1.75 per share, - 500,000 to purchase common stock at $2.00 per share. Mr. Sens has not exerxxxxx xxy of the options granted pursuant to his employment agreements. These options will expire on October 26, 2010. Stock options previously issued to Mr. Darryl Reed were xxxxxxxxx xx an agreement dated September 2003. Upon completion of the Offering, Mr. Sens, as sole dirxxxxx, xntends to vote to...
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Management and Compensation 
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Related to Management and Compensation

  • Employment and Compensation The following terms and conditions will govern the Executive’s employment with the Company throughout the Term.

  • Services and Compensation Consultant shall perform the services described in Exhibit A (the “Services”) for the Company (or its designee), and the Company agrees to pay Consultant the compensation described in Exhibit A for Consultant’s performance of the Services.

  • Fees and Compensation Managers and Officers may receive such compensation and fees, if any, for their services, and such reimbursement for expenses, as may be determined by resolution of the Board.

  • Management Compensation As compensation for your services in the management of the offering, we will pay you an amount equal to the management fee specified in the Invitation in respect of the Securities to be purchased by us pursuant to the Purchase Agreement, and we authorize you to charge our account with such amount. If there is more than one Representative, such compensation shall be divided among the Representatives in such proportions as they may determine.

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Expenses and Compensation Except for expenses specifically assumed or agreed to be paid by the Portfolio Manager under this Agreement, the Portfolio Manager shall not be liable for any expenses of the Portfolio or the Trust, including, without limitation: (i) interest and taxes; (ii) brokerage commissions and other costs in connection with the purchase and sale of securities or other investment instruments with respect to the Portfolio; and (iii) custodian fees and expenses. For its services under this Agreement, Portfolio Manager shall be entitled to receive a fee, which fee shall be payable monthly in arrears at the annual rate of 0.45% of the average daily net assets of the Account.

  • Cash and Incentive Compensation (a) All payments referenced in this Agreement are subject to applicable tax withholdings and authorized or required deductions.

  • WAGES AND COMPENSATION Section 1:

  • Complaints and Compensation If you have a complaint of any kind, please be sure to let us know. We will do our utmost to resolve the issue. You can put your complaint in writing to us at:

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125.00 per hour.

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