Management Compensation. The aggregate amount of compensation (including salary, bonuses, and any and all other cash compensation) paid by any Credit Party in respect of any fiscal year to Xxxxxxx Xxxxx or any of his Affiliates shall not exceed the aggregate amount of annual compensation required to be paid to him and them under the employment agreement dated as of the 1st day of August 1993, between the Borrower and Xx. Xxxxx as in effect on the date hereof including any extension of the term thereof.
Appears in 7 contracts
Samples: Senior Secured Floating Rate Note Purchase Agreement (Affinity Group Holding Inc), Senior Secured Floating Rate Note Purchase Agreement (Affinity Group Inc), Credit Agreement (Affinity Group Holding Inc)
Management Compensation. The aggregate amount of compensation (including salary, bonuses, and any and all other cash compensation) paid by any Credit Party in respect of any fiscal year to Xxxxxxx Xxxxx or any of his Affiliates shall not exceed the aggregate amount of annual compensation required to be paid to him and them under the employment agreement dated as of the 1st day of August 1993, between the Borrower and Xx. Xxxxx as in effect on the date hereof including hereofincluding any extension of the term team thereof.
Appears in 1 contract
