OFFICER'S COMPENSATION Sample Clauses

OFFICER'S COMPENSATION. (a) The Officer's may enter into annual employment agreements that must be ratified by a consent of a majority of the Board of Directors of the Company.
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OFFICER'S COMPENSATION. The Officer's sole compensation for any employment or assistance rendered pursuant to Paragraph 2(b) hereof shall be a weekly salary paid at 115% of the average salary (on a weekly basis) paid to such person by the Borrower in the twelve (12) months immediately preceding the commencement of such employment or activities. Such compensation shall be prorated for partial weeks of service.
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OFFICER'S COMPENSATION. (a) The Directors nominated by the US Founders shall have the right to nominate the chief executive officer of the Company, subject to the approval of two-thirds of the members of the Board of Directors;
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OFFICER'S COMPENSATION. 5.6 There will be no increase in officers’ compensation or payment of dividends without prior written approval unless all payments are current And all loan agreement covenants are met. In witness whereof, the parties hereto have executed this Loan Agreement as of the day first written above. Wyoming Industrial Development Corporation By: /s/ Xxxxx Xxxxxxxx Borrower: Sento Corporation By: /s/ Xxxxxxx X. Xxxxxx Attest: /s/ Xxxxx X. Xxxxxxxxxxx
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OFFICER'S COMPENSATION. Officers compensation, if any, must be approved by the Board of Managers.
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OFFICER'S COMPENSATION. During the term of this Agreement the aggregate of all of the Borrower’s cash compensation to executive officers including, but not limited to, salary and bonuses (except as provided for in such executive officer’s employment agreements as filed with the Securities and Exchange Commission), shall not be increased more than fifteen percent (15%) from the prior year, without the written consent of RBL. Notwithstanding the foregoing, in the event the Minimum Cash Flow Ratio exceeds 10.0:1.0, Borrower may increase such officers’ cash compensation without such limitation.
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OFFICER'S COMPENSATION. The officers shall receive no compensation for their services except as expressly provided by a resolution duly adopted by the Voting Members.
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OFFICER'S COMPENSATION. The "Debtor" will not pay annual compensation except normal monthly wages, directly or indirectly, to its officers or directors during the term of the loan without prior written approval of the "Lender".
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Related to OFFICER'S COMPENSATION

  • Managers Compensation Any or all Managers may receive such reasonable compensation for their services, whether in the form of salary or otherwise, with expenses, if any, as the Board may reasonably determine. Any such compensation and expense will be paid by the Member.

  • Adviser’s Compensation Each Fund shall pay to the Adviser, as compensation for the Adviser’s services hereunder, a fee, determined as described in Schedule A that is attached hereto and made a part hereof. Such fee shall be computed daily and paid not less than monthly in arrears by each Fund. The method for determining net assets of a Fund for purposes hereof shall be the same as the method for determining net assets for purposes of establishing the offering and redemption prices of Fund shares as described in the Fund’s Registration Statement. In the event of termination of this Agreement, the fee provided in this Section shall be computed on the basis of the period ending on the last business day on which this Agreement is in effect subject to a pro rata adjustment based on the number of days elapsed in the current month as a percentage of the total number of days in such month.

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

  • Employees and Compensation Schedule 3.12 contains a true and complete list of all employees of the Station, their job description, date of hire, salary and amount and date of last salary increase. Schedule 3.12 also contains a true and complete list as of the date of this Agreement of all employee benefit plans or arrangements applicable to the employees of the Station and all fixed or contingent liabilities or obligations of Seller with respect to any person now or formerly employed by Seller at the Station, including pension or thrift plans, individual or supplemental pension or accrued compensation arrangements, contributions to hospitalization or other health or life insurance programs, incentive plans, bonus arrangements, and vacation, sick leave, disability and termination arrangements or policies, including workers' compensation policies, and a description of all fixed or contingent liabilities or obligations of Seller with respect to any person now or formerly employed at the Station or any person now or formerly retained as an independent contractor at the Station.

  • Servicers Compensation and Expenses Section 5.01 Servicing Compensation. Section 5.02 Servicing Advances and Advances.

  • Payment of Compensation Consultant shall submit to City a monthly itemized statement which indicates work completed and hours of Services rendered by Consultant. The statement shall describe the amount of Services and supplies provided since the initial commencement date, or since the start of the subsequent billing periods, as appropriate, through the date of the statement. City shall, within 30 days of receiving such statement, review the statement and pay all approved charges thereon.

  • Bonus Compensation The Executive shall not receive any bonus payment whatsoever pursuant to Section 3.02 or the Bonus Plan except such bonus which is already earned and due to be paid up to and including the Termination Date, notwithstanding any period following the Termination Date during which the Executive may receive any payments or benefits under the terms of the Agreement.

  • Annual Bonus Compensation In addition to your Salary, during the Employment Term you shall be eligible to earn an annual bonus for each whole or partial calendar year during the Employment Term, determined and payable as follows (the “Bonus”):

  • Base Salary and Incentive Compensation Executive’s initial annual base salary shall be three hundred nine thousand dollars ($309,000). Executive’s base salary shall be redetermined annually by the Board or a Committee thereof. The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in substantially equal installments on a bi-weekly or more frequent basis. In addition to Base Salary, Executive shall be eligible to receive cash incentive compensation as determined by the Board or a Committee thereof from time to time, and shall also be eligible to participate in such incentive compensation plans as the Board or a Committee thereof shall determine from time to time for employees of the same status within the hierarchy of the Company.

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