Non-Cash Compensation. Presently, there is no non-cash compensation. However, the parties intend to negotiate future non-cash compensation on a performance basis.
Non-Cash Compensation. Company shall provide Executive with non-cash compensation as set forth on Schedule 5(c).
Non-Cash Compensation. Board of Pensions Dues: A, above, times current Board of Pensions Rate (2018 – 37%) $ Vacation @ 4 weeks (includes Sundays) Study Leave @ 2 weeks (includes Sundays) Clergy Retreat @ 3 days = +$250 to Study Leave TOTAL FINANCIAL PACKAGE (A + B + 13) $ The undersigned agree to the aforementioned conditions of employment: _ _ Temporary Pastor (Clergyperson) Signature Date _ _ Pastor Printed Name Contact Information (phone/email) _ _ Clerk of Session on behalf of Church Signature Date _ _ Clerk of Session Printed Name Contact Information (phone/email) _ _ COM Representative Signature Date _ _ _ COM Representative Printed Name Contact Information (phone/email) 1 NOTE: Ordinarily an interim contract is for one year. The exception to this is if a congregation is considering or has approved using the Designated Pastor search process. In this case, a six-month contract may be submitted to COM for approval. A six-month contract may contain a 30-day notice clause for termination, rather than 60 days. (Approved by COM: May 2010) 2 Sessions will vary widely in the duties required of Temporary Pastors, particularly considering full time or part time work, and the needs of the congregation. This listing provides a sample that may be sufficient in some cases and may be a starting point in others. Clarity of expectation from the beginning avoids confusion later The Temporary Pastor may be responsible for providing pastoral duties as indicated in this position description
Non-Cash Compensation. The Company shall provide Executive with non-cash compensation as set forth on EXHIBIT C.
Non-Cash Compensation. Compensation payable to Consultant in the form of stock warrants, capital stock, or other securities will be payable in the manner provided in Schedule B. In the event Company fails timely to issue any stock warrant, capital stock, or other securities, or otherwise comply with its obligations in respect of any non-cash Compensation, in accordance with Schedule B, Consultant, at its election, may (i) suspend all Services then being provided to Company, and/or (ii) exercise any Rights Consultant may have under applicable Law or otherwise in respect of Company's failure to comply with such obligations.
Non-Cash Compensation. Certain non-cash compensation such as Soliciting Dealer conferences may be paid to Soliciting Dealer. Notwithstanding anything herein to the contrary, Soliciting Dealer will not be entitled to receive any non-cash compensation which would cause the aggregate amount of selling commissions, dealer manager fees and other forms of underwriting compensation (as defined in accordance with FINRA Rule 5110) received by the Dealer Manager and all Soliciting Dealers to exceed 8.0% of the gross proceeds raised from the sale of Units in the Offering.
Non-Cash Compensation. Company shall provide Executive with non-cash compensation as set forth on Schedule 5(c). MEMBERSHIP FEES. Company shall provide membership (to include dues, initiation and other fees, and other expenses) in such associations and organizations as may hereinafter be approved by the Board of Directors of Company or its designee, as an aid to carrying out his duties and responsibilities for Company.
Non-Cash Compensation. The Company shall provide Executive with non-cash compensation as set forth on EXHIBIT C. EMPLOYEE STOCK PLAN. Employee will be permitted to participate in any Company employee stock incentive or stock benefit plan adopted by the Company and approved by the Board of Directors pursuant to the terms of such plan. : EMPLOYMENT STATUS To the extent that Employee acts within the scope of this Agreement, Employee shall be regarded as an employee of the Company, including, without limitation, income tax and employment tax purposes, and shall represent such to third parties. The Company shall withhold and be responsible for the payment of any Federal, state or local income or occupational taxes, FICA taxes, unemployment compensation or workers' compensation contributions, or similar payments. In the event Employee acts outside the scope of this Agreement, he or she shall be acting on his or her own accord and not for the Company or as an employee or agent of the Company.
Non-Cash Compensation. Portfolio Management Fees, Other Portfolio Company Fees and Portfolio Investment Placement Fees received in the form of non-cash compensation (“Non-Cash Compensation”) which would reduce the Management Fee in accordance with Section 3.2(d), Section 3.2(e) and Section 3.2(f), respectively shall not reduce the Management Fee until such Non-Cash Compensation is disposed of for cash, and such reduction shall be deemed to equal the proceeds from the disposition of such Non-Cash Compensation, net of acquisition and other transaction expenses reasonably incurred (including taxes, if any). Notwithstanding the foregoing, if Non-Cash Compensation is not disposed of for cash by the eighth anniversary of the Principal Closing Date, it shall reduce the Management Fee at that time at a value determined in accordance with the valuation principles set out herein in Section 7.4(d), net of any taxes and acquisition and other transaction expenses that would have been paid or payable had such compensation been disposed of for cash at such time.
Non-Cash Compensation. The Employee shall receive on the 1st of each month non-qualified stock options to purchase 25,000,000 (twenty-five million) shares of common stock of the Company at an exercise price equal to $0.00001 (one hundred thousandth of one pxxxx) and a ten-year expiration time. These options shall be exercisable for cash or on a cashless exercise basis. The number of shares subject to the option and current strike price shall be subject to appropriate adjustment in the case of stock splits, stock dividends and recapitalizations. At the request of the Employee, the Employer shall from time to time at its sole expense file one or more S-8 registration statements or their equivalents to cover the issuance of common stock to the Employee upon the exercise of the options that are granted pursuant to this Agreement as well as the resale of such shares by the Employee.
