Other Benefits and Compensation. The compensation and benefits provided hereunder shall not limit or reduce compensation or benefits otherwise payable to Employee pursuant to arrangements between Employee and the Company, unless specific reference to any such reduction or limit is made herein. It is not intended that this Agreement constitute a waiver of rights under federal, state or local law, including, without limitation, Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act and the Employee Retirement Income Security Act of 1974.
Other Benefits and Compensation. Any improvements in fringe benefits as may be developed through bargaining or provided on any other basis to teachers or administrators will automatically apply to the Executive Director and will include, as a minimum, the following:
A. Upon proof of satisfactory completion of pre-approved course, the employee will be reimbursed for the cost of all credit courses.
B. Four (4) personal days per year. Employee may accumulate personal days; there will be no conversion to sick days.
Other Benefits and Compensation. (a) EFIP. During the Term the Executive will be enrolled in the Enhanced Xxxxxxxxx Incentive Plan (EFIP), at a targeted participation level of 60%. With respect to the 2004 measurement period, the Company shall pay the Executive a minimum EFIP bonus equal to that which would be paid at the 100% target level assuming the Executive would have been employed for the entire measurement period (or $189,000), regardless of whether the Company achieves its 100% target goal for that period and regardless of whether other EFIP participants receive an EFIP bonus for such period. If the Company exceeds the 100% target goal for that period, additional payments may be made to the Executive in accordance with the plan. The Executive shall be solely responsible for all income and other taxes based on EFIP bonus payments, and the Company will make all appropriate withholdings relating to such taxes.
Other Benefits and Compensation. The compensation and benefits provided hereunder shall not limit or reduce compensation or benefits otherwise payable to Executive pursuant to arrangements between Executive and the Corporation, unless specific reference to any such reduction or limit is made herein. It is not intended that this Agreement constitute a waiver of rights under federal, state or
Other Benefits and Compensation. Except as may be expressly provided herein, this Agreement is not intended to affect, increase or restrict Executive’s benefits, rights and coverages under the separate employee benefit plans, policies and programs generally maintained by the Company for the benefit of its employees or officers in which Executive participated as of his Separation Date, including any contribution that may be due to Executive under the terms of the Company’s tax-qualified retirement plan with respect to Executive’s compensation paid or accrued during the Company’s 2008 fiscal year; provided that Executive acknowledges that he is not entitled to a bonus under the Company’s Annual Incentive Plan for services that he performed in 2008, that he will not be entitled to a bonus under such plan with respect to any services that he has performed during 2009, and that any amount paid pursuant to paragraph 3 hereof shall not be taken into account for purposes of any contribution to any such plan or be eligible for deferral thereunder.
Other Benefits and Compensation. Except as may be expressly provided herein, this Agreement is not intended to affect or restrict Executive’s benefits, rights and coverages under the separate employee benefit plans, policies and programs generally maintained by the Company for the benefit of its employees or officers in which Executive participated as of his Separation Date; provided that Executive acknowledges that he is not entitled to a bonus under the Company’s bonus program for 2019 or any prior year.
Other Benefits and Compensation a. Health insurance coverage shall be provided to Employee comparable to the coverage being provided to Employee by Employer immediately prior to the acquisition of Employer's stock by Carnegie International Corporation ("Carnegie").
b. Employee shall have the benefit of having the cost of his current vehicle, a BMW, paid for by Employer with a comparable vehicle replacement two (2) years from the date hereof, with a new vehicle provided every two (2) years thereafter during the term of Employee's employment.
c. Employee shall be reimbursed for all reasonable and necessary company expenses attributable to the business of ACC or Carnegie.
d. Employee shall receive disability and life insurance coverage consistent with the current coverage being provided to Employee by Employer immediately prior to the acquisition of Employer's stock by Carnegie International Corporation ("Carnegie").
e. Employee or his estate shall receive a Seventeen and one-half percent (17.5 %) commission on the gross profits generated from XXXXX sales through ACC during the duration of this employment agreement. However, no such commissions shall be paid until after January 1, 1999 and no amount shall be paid based on the gross profits generated from XXXXX sales unless adequate funds are available to satisfy the cash flow needs of ACC or its successor for the upcoming six (6) month period after each evaluation date. After January 1, 1999, the first evaluation date, Employee shall receive compensation over and above his base salary, based on seventeen and a half percent (17.5%) of the gross profit generated from XXXXX sales (hereinafter referred to as the "Commissions") up to a maximum of Two Hundred Thousand Dollars ($200,000.00) in Commissions in any one year. Said Commissions shall be paid if financial projections prepared by ACC or its successor and agreed to by Carnegie as of the first day of each calendar quarter beginning on January 1, 1999 indicate that funds will be available to meet the cash flow needs of ACC or its successor for the next six months and funds are still available over and above said cash flow needs. Disbursements to Employee for accrued commissions earned shall be made within thirty (30) days of the first day of each calendar quarter, beginning with the calendar quarter starting on January 1, 1999. The amount of any such commissions earned in excess of the Two Hundred Thousand Dollar ($200,000.00) limit for any one calendar year shall be paid at the beginning of...
Other Benefits and Compensation. During and after the Transition Period, you will be eligible for certain employee benefit plans only as detailed below.
Other Benefits and Compensation. The compensation and benefits provided hereunder shall not limit or reduce compensation or benefits otherwise payable to Executive pursuant to arrangements between Executive and the Corporation, unless specific reference to any such reduction or limit is made herein. It is not intended that this Agreement constitute a waiver of rights under federal, state or local law, including, without limitation, Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act and the Employee Retirement Income Security Act of 1974.
Other Benefits and Compensation a. Health insurance coverage shall be provided to Employee comparable to the coverage being provided to Executives in comparable positions with Carnegie International Corporation ("Carnegie").
b. Employee shall be reimbursed for all reasonable and necessary company expenses attributable to the business of Voice Quest or Carnegie.
c. Employee shall receive disability and life insurance coverage consistent with the current coverage provided to Employees with comparable positions at Carnegie International Corporation ("Carnegie"). As of the date of this Agreement no such benefits are being provided.
d. Employee shall receive a bonus equal to three percent (3%) of the gross profit generated by Voice Quest from the sale of Personal Operator or Xxxxx XXXXX(TM) software. Gross profit shall be defined as sales from said products less costs of goods sold. Costs of goods sold shall include, but not be limited to, sales and marketing expenses, software development costs, costs of reproducing the products, product materials, direct labor and reasonable overhead costs. This bonus shall be paid within ten (10) business days from the end of each calendar year, fifty percent (50%) of which shall be paid in cash, and fifty percent (50%) of which shall be paid through an issuance to Employee of Rule 144 shares of Carnegie, valued based on the average closing price of Carnegie Common Stock for five (5) days prior to the issuance. For a period of five (5) years after the termination of this Agreement, Employee shall receive three percent (3%) of the gross profits, as defined above, generated by Voice Quest from sales of Personal Operator or XXXXX(TM) software products that incorporate features that were developed by Employee.
e. Employee shall receive a Company vehicle during the term of his employment.
