Common use of Monetary Remuneration and Benefits Clause in Contracts

Monetary Remuneration and Benefits. During the Employment Period, the Company shall pay to the Executive for all services rendered by her in any capacity: i. a minimum base salary of $460,000 per year (payable in accordance with the Company's then prevailing practices, but in no event less frequently than in equal monthly installments), subject to increase if the Board of Directors of the Company in its sole discretion so determines; provided that, should the company institute a company-wide pay cut/furlough program, such salary may be decreased by up to 15%, but only for as long as said company-wide program is in effect; ii. such additional compensation by way of salary or bonus or fringe benefits as the Board of Directors of the Company in its sole discretion shall authorize or agree to pay, payable on such terms and conditions as it shall determine; and iii. such employee benefits that are made available by the Company to its other executives.

Appears in 2 contracts

Samples: Employment Agreement (Arrow Electronics Inc), Employment Agreement (Arrow Electronics Inc)

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Monetary Remuneration and Benefits. During the Employment Period, the Company shall pay to the Executive for all services rendered by her him in any capacity: i. (i) a minimum base salary of $460,000 400,000 per year (payable in accordance with the Company's then prevailing practices, but in no event less frequently than in equal monthly installments), subject to increase if the Board of Directors of the Company in its sole discretion so determines; provided that, should the company Company institute a companyCompany-wide pay cut/furlough program, such salary may be decreased by up to 15%, but only for as long as said companyCompany-wide program is in effect; ; (ii. ) such additional compensation by way of salary or bonus or fringe benefits as the Board of Directors of the Company in its sole discretion shall authorize or agree to pay, payable on such terms and conditions as it shall determine; and (iii. ) such employee benefits that are made available by the Company to its other executivesexecutives generally.

Appears in 2 contracts

Samples: Employment Agreement (Arrow Electronics Inc), Employment Agreement (Arrow Electronics Inc)

Monetary Remuneration and Benefits. During the Employment Period, the Company shall pay to the Executive for all services rendered by her in any capacity: i. (i) a minimum base salary of $460,000 400,000 per year (payable in accordance with the Company's then prevailing practices, but in no event less frequently than in equal monthly installments), subject to increase if the Board of Directors of the Company in its sole discretion so determines; provided that, should the company Company institute a companyCompany-wide pay cut/furlough program, such salary may be decreased by up to 15%, but only for as long as said companyCompany-wide program is in effect; ; (ii. ) such additional compensation by way of salary or bonus or fringe benefits as the Board of Directors of the Company in its sole discretion shall authorize or agree to pay, payable on such terms and conditions as it shall determine; and (iii. ) such employee benefits that are made available by the Company to its other executivesexecutives generally.

Appears in 2 contracts

Samples: Employment Agreement (Arrow Electronics Inc), Employment Agreement (Arrow Electronics Inc)

Monetary Remuneration and Benefits. During the Employment Period, the Company shall pay to the Executive for all services rendered by her him in any capacity: i. a minimum base salary of $460,000 400,000 per year (payable in accordance with the Company's then prevailing practices, but in no event less frequently than in equal monthly installments), subject to increase if the Board of Directors of the Company in its sole discretion so determines; provided that, should the company institute a company-wide pay cut/furlough program, such salary may be decreased by up to 15%, but only for as long as said company-wide program is in effect; ; ii. such additional compensation by way of salary or bonus or fringe benefits as the Board of Directors of the Company in its sole discretion shall authorize or agree to pay, payable on such terms and conditions as it shall determine; and iii. such employee benefits that are made available by the Company to its other executivesexecutives generally.

Appears in 2 contracts

Samples: Employment Agreement (Arrow Electronics Inc), Employment Agreement (Arrow Electronics Inc)

Monetary Remuneration and Benefits. During the Employment Period, the Company shall pay to the Executive for all services rendered by her him in any capacity: i. (i) a minimum base salary of $460,000 350,000 per year (payable in accordance with the Company's then prevailing practices, but in no event less frequently than in equal monthly installments), subject to increase if the Board of Directors of the Company in its sole discretion so determines; provided that, should the company Company institute a companyCompany-wide pay cut/furlough program, such salary may be decreased by up to 15%, but only for as long as said companyCompany-wide program is in effect; ; (ii. ) such additional compensation by way of salary or bonus or fringe benefits as the Board of Directors of the Company in its sole discretion shall authorize or agree to pay, payable on such terms and conditions as it shall determine; and (iii. ) such employee benefits that are made available by the Company to its other executivesexecutives generally.

Appears in 2 contracts

Samples: Employment Agreement (Arrow Electronics Inc), Employment Agreement (Arrow Electronics Inc)

Monetary Remuneration and Benefits. During the Employment Period, the Company shall pay to the Executive for all services rendered by her in any capacity: i. a minimum base salary of $460,000 315,000 per year (payable in accordance with the Company's then prevailing practices, but in no event less frequently than in equal monthly installments), subject to increase if the Board of Directors of the Company in its sole discretion so determines; provided that, should the company institute a company-wide pay cut/furlough program, such salary may be decreased by up to 15%, but only for as long as said company-wide program is in effect; ; ii. such additional compensation by way of salary or bonus or fringe benefits as the Board of Directors of the Company in its sole discretion shall authorize or agree to pay, payable on such terms and conditions as it shall determine; and iii. such employee benefits that are made available by the Company to its other executives.

Appears in 1 contract

Samples: Employment Agreement (Arrow Electronics Inc)

Monetary Remuneration and Benefits. During the Employment Period, the Company shall pay to the Executive for all services rendered by her in any capacity: i. a minimum base salary of $460,000 300,000 per year (payable in accordance with the Company's then prevailing practices, but in no event less frequently than in equal monthly installments), subject to increase if the Board of Directors of the Company in its sole discretion so determines; provided that, should the company institute a company-wide pay cut/furlough program, such salary may be decreased by up to 15%, but only for as long as said company-wide program is in effect; ; ii. such additional compensation by way of salary or bonus or fringe benefits as the Board of Directors of the Company in its sole discretion shall authorize or agree to pay, payable on such terms and conditions as it shall determine; and iii. such employee benefits that are made available by the Company to its other executives.

Appears in 1 contract

Samples: Employment Agreement (Arrow Electronics Inc)

Monetary Remuneration and Benefits. During the Employment Period, the Company shall pay to the Executive for all services rendered by her him in any capacity: i. (i) a minimum base salary of $460,000 375,000 per year (payable in accordance with the Company's then prevailing practices, but in no event less frequently than in equal monthly installments), subject to increase if the Board of Directors of the Company in its sole discretion so determines; provided that, should the company Company institute a companyCompany-wide pay cut/furlough program, such salary may be decreased by up to 15%, but only for as long as said companyCompany-wide program is in effect; ; (ii. ) such additional compensation by way of salary or bonus or fringe benefits as the Board of Directors of the Company in its sole discretion shall authorize or agree to pay, payable on such terms and conditions as it shall determine; and (iii. ) such employee benefits that are made available by the Company to its other executivesexecutives generally.

Appears in 1 contract

Samples: Employment Agreement (Arrow Electronics Inc)

Monetary Remuneration and Benefits. During the Employment Period, the Company shall pay to the Executive for all services rendered by her him in any capacity: i. a minimum base salary of $460,000 400,000 per year (payable in accordance with the Company's then prevailing practices, but in no event less frequently than in equal monthly installments), subject to increase if the Board of Directors of the Company in its sole discretion so determines; provided that, should the company institute a company-wide pay cut/furlough program, such salary may be decreased by up to 15%, but only for as long as said company-wide program is in effect; ii. such additional compensation by way of salary or bonus or fringe benefits as the Board of Directors of the Company in its sole discretion shall authorize or agree to pay, payable on such terms and conditions as it shall determine; and iii. such employee benefits that are made available by the Company to its other executivesexecutives generally.

Appears in 1 contract

Samples: Employment Agreement (Arrow Electronics Inc)

Monetary Remuneration and Benefits. During the Employment Period, the Company shall pay to the Executive for all services rendered by her him in any capacity: i. a minimum base salary of $460,000 400,000 per year (payable in accordance with the Company's ’s then prevailing practices, but in no event less frequently than in equal monthly installments), subject to increase if the Board of Directors of the Company in its sole discretion so determines; provided that, should the company institute a company-wide pay cut/furlough program, such salary may be decreased by up to 15%, but only for as long as said company-wide program is in effect; ; ii. such additional compensation by way of salary or bonus or fringe benefits as the Board of Directors of the Company in its sole discretion shall authorize or agree to pay, payable on such terms and conditions as it shall determine; and iii. such employee benefits that are made available by the Company to its other executivesexecutives generally.

Appears in 1 contract

Samples: Employment Agreement (Arrow Electronics Inc)

Monetary Remuneration and Benefits. During the Employment Period, the Company shall pay to the Executive for all services rendered by her him in any capacity: i. (i) a minimum base salary of $460,000 400,000 per year (payable in accordance with the Company's ’s then prevailing practices, but in no event less frequently than in equal monthly installments), subject to increase if the Board of Directors of the Company in its sole discretion so determines; provided that, should the company Company institute a companyCompany-wide pay cut/furlough program, such salary may be decreased by up to 15%, but only for as long as said companyCompany-wide program is in effect; ; (ii. ) such additional compensation by way of salary or bonus or fringe benefits as the Board of Directors of the Company in its sole discretion shall authorize or agree to pay, payable on such terms and conditions as it shall determine; and (iii. ) such employee benefits that are made available by the Company to its other executivesexecutives generally.

Appears in 1 contract

Samples: Employment Agreement (Arrow Electronics Inc)

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Monetary Remuneration and Benefits. During the Employment Period, the Company shall pay to the Executive for all services rendered by her in any capacity: i. a minimum base salary of $460,000 250,000 per year (payable in accordance with the Company's ’s then prevailing practices, but in no event less frequently than in equal monthly installments), subject to increase if the Board of Directors of the Company in its sole discretion so determines; provided that, should the company institute a company-wide pay cut/furlough program, such salary may be decreased by up to 15%, but only for as long as said company-wide program is in effect; ii. such additional compensation by way of salary or bonus or fringe benefits as the Board of Directors of the Company in its sole discretion shall authorize or agree to pay, payable on such terms and conditions as it shall determine; and iii. such employee benefits that are made available by the Company to its other executivesexecutives generally.

Appears in 1 contract

Samples: Employment Agreement (Arrow Electronics Inc)

Monetary Remuneration and Benefits. During the Employment Period, the Company shall pay to the Executive for all services rendered by her him in any capacity: i. a minimum base salary of $460,000 335,000 per year (payable in accordance with the Company's ’s then prevailing practices, but in no event less frequently than in equal monthly installments), subject to increase if the Board of Directors of the Company in its sole discretion so determines; provided that, should the company institute a company-wide pay cut/furlough program, such salary may be decreased by up to 15%, but only for as long as said company-wide program is in effect; ii. such additional compensation by way of salary or bonus or fringe benefits as the Board of Directors of the Company in its sole discretion shall authorize or agree to pay, payable on such terms and conditions as it shall determine; and iii. such employee benefits that are made available by the Company to its other executivesexecutives generally.

Appears in 1 contract

Samples: Employment Agreement (Arrow Electronics Inc)

Monetary Remuneration and Benefits. During the Employment Period, ---------------------------------- the Company shall pay to the Executive for all services rendered by her him in any capacity: i. a minimum base salary at the rate of $460,000 360,000 per year (payable in accordance with the Company's then prevailing practices, but in no event less frequently than in equal monthly installments), subject to increase if from time to time in the sole discretion of the Board of Directors of the Company in its sole discretion so determinesCompany; provided that, should the company Company institute a company-wide pay cut/furlough program, such salary may be decreased by up to 15%, but only for as long as said company-wide program is in effect; ; ii. such additional compensation by way of salary or bonus or fringe benefits as the Board of Directors of the Company in its sole discretion shall authorize or agree to pay, payable on such terms and conditions as it shall determine; and iii. such employee benefits that are made available by the Company to its other executivescompensation executives generally.

Appears in 1 contract

Samples: Employment Agreement (Arrow Electronics Inc)

Monetary Remuneration and Benefits. During the Employment Period, the Company shall pay to the Executive for all services rendered by her him in any capacity: i. a minimum base salary of $460,000 330,000 per year (payable in accordance with the Company's ’s then prevailing practices, but in no event less frequently than in equal monthly installments), subject to increase if the Board of Directors of the Company in its sole discretion so determines; provided that, should the company institute a company-wide pay cut/furlough program, such salary may be decreased by up to 15%, but only for as long as said company-wide program is in effect; ii. such additional compensation by way of salary or bonus or fringe benefits as the Board of Directors of the Company in its sole discretion shall authorize or agree to pay, payable on such terms and conditions as it shall determine; and iii. such employee benefits that are made available by the Company to its other executivesexecutives generally.

Appears in 1 contract

Samples: Employment Agreement (Arrow Electronics Inc)

Monetary Remuneration and Benefits. During the Employment Period, the Company shall pay to the Executive for all services rendered by her him in any capacity: i. a minimum base salary of $460,000 400,000 per year (payable in accordance with the Company's ’s then prevailing practices, but in no event less frequently than in equal monthly installments), subject to increase if the Board of Directors of the Company in its sole discretion so determines; provided that, should the company institute a company-wide pay cut/furlough program, such salary may be decreased by up to 15%, but only for as long as said company-wide program is in effect; ii. such additional compensation by way of salary or bonus or fringe benefits as the Board of Directors of the Company in its sole discretion shall authorize or agree to pay, payable on such terms and conditions as it shall determine; and iii. such employee benefits that are made available by the Company to its other executivesexecutives generally.

Appears in 1 contract

Samples: Employment Agreement (Arrow Electronics Inc)

Monetary Remuneration and Benefits. During the Employment Period, the Company shall pay to the Executive for all services rendered by her him in any capacity: i. (i) a minimum base salary of $460,000 375,000 per year (payable in accordance with the Company's ’s then prevailing practices, but in no event less frequently than in equal monthly installments), subject to increase if the Board of Directors of the Company in its sole discretion so determines; provided that, should the company Company institute a companyCompany-wide pay cut/furlough program, such salary may be decreased by up to 15%, but only for as long as said companyCompany-wide program is in effect; ; (ii. ) such additional compensation by way of salary or bonus or fringe benefits as the Board of Directors of the Company in its sole discretion shall authorize or agree to pay, payable on such terms and conditions as it shall determine; and (iii. ) such employee benefits that are made available by the Company to its other executivesexecutives generally.

Appears in 1 contract

Samples: Employment Agreement (Arrow Electronics Inc)

Monetary Remuneration and Benefits. During the Employment Period, the Company shall pay to the Executive for all services rendered by her him in any capacity: i. a minimum base salary of $460,000 395,000 per year (payable in accordance with the Company's then prevailing practices, but in no event less frequently than in equal monthly installments), subject to increase if the Board of Directors of the Company in its sole discretion so determines; provided that, should the company institute a company-wide pay cut/furlough program, such salary may be decreased by up to 15%, but only for as long as said company-wide program is in effect; ; ii. such additional compensation by way of salary or bonus or fringe benefits as the Board of Directors of the Company in its sole discretion shall authorize or agree to pay, payable on such terms and conditions as it shall determine; and iii. such employee benefits that are made available by the Company to its other executivesexecutives generally.

Appears in 1 contract

Samples: Employment Agreement (Arrow Electronics Inc)

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