Ongoing Compensation Sample Clauses

Ongoing Compensation. The compensation for the services rendered hereunder shall be as follows: (a) As used herein, the "Gross Profit" shall mean (i) for Talent Contracts on a standard form such as those used by DT prior to the Effective Date, the entire agent's commission, which has typically been 10% of the gross amount payable to the talent, and (ii) for Talent Contracts where DMG will contract directly with the employer/producer to provide the talent, the difference between the gross revenue received by DMG and the earned amount that DMG must pay to the talent. Gross Profit is recognized for purposes of this Agreement only when payment is actually received by DMG.
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Ongoing Compensation. In exchange for the promises made by Employee in this Agreement, Stryker agrees to continue to pay Employee his current base semi-monthly salary compensation in effect as of the date of this Agreement in the amount of $22,708.33 per semi-monthly pay period ($545,000 annual salary) from the date of this Agreement through the Termination Date. Such payments are subject to appropriate federal, state and local withholding taxes.
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Ongoing Compensation a. Effective July 1, 2022, all unit member salary schedules shall be increased by 6.0%. b. Effective September 1, 2023, all unit member salary schedules shall be increased by 2.25%.
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Ongoing Compensation. Commencing on the first business day of the thirteenth full month after the initial closing of the Offering, the Fund shall pay to the Selling Agent each month 1/12 of 3% of the Net Asset Value (determined as of the last business day of the immediately preceding month) of Units outstanding at the end of such month that relate to subscriptions obtained by the Selling Agent; provided that the Selling Agent represents that it is registered with the Commodity Future Trading Commission (the "CFTC") as a futures commission merchant or introducing broker and is a member in good standing of the National Futures Association (the "NFA") in such capacity. The Selling Agent may pay such compensation to its registered representatives who are registered as associated persons with the CFTC and have passed the National Commodity Futures Examination (Series 3) or the Futures Managed Funds Examination (Series 31). If any such registered representative becomes employed by another CFTC and NFA registered firm, and the subscribers to which such registered representative sold become customers of the transferee firm, then the Selling Agent shall transfer its ongoing compensation hereunder to the transferee firm. The compensation specified in this Section 1(c) shall be in consideration of and is contingent upon the provision by the Selling Agent or its affiliate of additional services in connection with the Units sold by the Selling Agent, including (i) inquiring of the General Partner from time to time, at the request of a holder of Units sold by it, as to the Net Asset Value of a Unit, (i) inquiring of the General Partner from time to time, at the request of a holder of Units sold by it, regarding the commodities markets and the Fund, (iii) assisting, at the request of the General Partner, in the redemption of Units sold by it and (iv) providing such other services to the holders of Units sold by it as the General Partner may, from time to time, reasonably request. The Selling Agent also shall use its best efforts to ensure that any of its registered representatives to whom compensation is passed on pursuant to this Section 1(c) shall cooperate in providing the services specified in clauses (i) through (iv) for as long as such representative continues in the employment of the Selling Agent. The Selling Agent shall forfeit its rights hereunder to receive any compensation relating to the additional services for the entirety of any month during which it is not duly registered with...
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Ongoing Compensation. The Executive’s compensation will remain the same in all respects as under the Current Agreement through December 31, 2013. Should the term of employment continue beyond December 31, 2013 and the Executive continue to serve as Executive Chair as of that date, the Compensation Committee of the Board of Directors of Duke will address the Executive’s compensation for the remaining term of his employment at that time.
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Ongoing Compensation. It is acknowledged that pursuant to paragraph 2 above, Producer has the right to exploit the Play in any manner or media that it elects in its sole discretion. Authors shall be entitled to the following compensation in respect of the Play:
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Ongoing Compensation. It is hereby acknowledged and agreed that the members of VPW shall be paid commissions at such rates and as agreed and documented by the parties on all future revenue generated from customer contracts secured by the members of VPW before and after the Closing. All commissions earned by VPW members will be allocated equally among the MEMBERS and paid (50% to each) monthly to the MEMBER or his successors, assigns or estate as the case may be. US Wireless, and its successors and/or assigns, shall pay the above referenced commissions for as long as the underlying customers continue to make payments to US Wireless regardless of the employment status or future relationship between the members of VPW and US Wireless and its successors and/or assigns.
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Ongoing Compensation. (a) As used herein, "GMA Net Sales" shall mean all revenue generated from the Current GMA Contracts and any New GMA Contracts that are assumed or accepted by COC pursuant to Section 3 above, less returns and charge backs. GMA Net Sales are recognized for purposes of this Agreement only when payment of the GMA Net Sales is actually received by COC pursuant to Section 4(c).
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Ongoing Compensation 
Sample 1

Related to Ongoing Compensation

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

  • 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.

  • Salary Compensation As salary compensation for Employee's services hereunder and all the rights granted hereunder by Employee to the Company, the Company shall pay Employee a gross salary of not less than $175,000 during the term of this Agreement. Employee's salary shall be payable in bi-weekly increments in accordance with the Company's payroll practices for salaried employees, upon the condition that Employee fully and faithfully performs Employee's services hereunder in accordance with the terms and conditions of this Agreement. The Company shall deduct and withhold from the compensation payable to Employee hereunder any and all amounts required to be deducted or withheld by the Company under the provisions of any statute, regulation, ordinance, or order and any and all amendments hereinafter enacted requiring the withholding or deducting from compensation payable to employees.

  • Separation Compensation In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the following:

  • 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.

  • Special Compensation The Company shall pay to the Executive a lump sum equal to three times the sum of (a) the highest per annum base rate of salary in effect with respect to the Executive during the three-year period immediately prior to the termination of employment plus (b) the Highest Bonus Amount. Such lump sum shall be paid by the Company to the Executive within ten business days after the Executive's termination of employment, unless the provisions of Section 3(e) below apply. The amount of the aggregate lump sum provided by this Section 3(c), whether paid immediately or deferred, shall not be counted as compensation for purposes of any other benefit plan or program applicable to the Executive.

  • Full Compensation Subrecipient agrees to accept the specified compensation as set forth in this Contract as full remuneration for performing all services and furnishing all staffing and materials required, for any reasonably unforeseen difficulties which may arise or be encountered in the execution of the services until acceptance, for risks connected with the services, and for performance by the Subrecipient of all its duties and obligations hereunder.

  • Bonus Compensation During the term hereof, the Executive shall participate in the Company’s Senior Executive Annual Incentive Plan, as it may be amended from time to time pursuant to the terms thereof (the “Plan,” a current copy of which is attached hereto as Exhibit A) and shall be eligible for a bonus award thereunder (the “Bonus”). For purposes of the Plan, the Executive shall be eligible for a Bonus, and the Executive’s specified percentage (the “Specified Percentage”) for such Bonus shall initially be fifty percent (50%) of Base Salary and shall thereafter be established annually by the Board of Directors (the “Board”) or, if the Board delegates the Specified Percentage determination process to a Committee of the Board, by such Committee. In the event the Board or Committee does not approve the Executive’s Specified Percentage within 90 days of the beginning of a fiscal year, such Specified Percentage shall be the same as the immediately preceding year. Whenever any Bonus payable to the Executive is stated in this Agreement to be prorated for any period of service less than a full year, such Bonus shall be prorated by multiplying (x) the amount of the Bonus otherwise earned and payable for the applicable fiscal year in accordance with this Sub-Section 4.2 by (y) a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the applicable fiscal year for which the Executive was employed by the Company. Executive agrees and understands that any prorated Bonus payments will be made only after determination of the achievement of the applicable Performance Measures (as defined in the Plan) in accordance with the terms of the Plan. Any compensation paid to the Executive as Bonus shall be in addition to the Base Salary.

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.

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