Other Elements of Compensation Sample Clauses

Other Elements of Compensation. The Executive’s annual compensation package shall also include: (a) up to $18,000 USD for annual executive benefits, including the use of a car and other expenses for which receipts are provided; (b) participation in the Company’s standard U.S. medical and life insurance programs, including group medical benefits, group life insurance and disability insurance, in accordance with the terms of the Company’s existing group health and insurance plan; and (c) four weeks’ vacation annually.
Sample 1
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Other Elements of Compensation. The Executive’s annual compensation package shall also include: (1) February 21, 2000 grant: The Executive was granted. 35,000 options at a price of $8.50. The last 25% of these options vested on February 21, 2003. These options will expire 5 years from the date on which they vested and are subject to the restrictions on exercise contained in Section 3.4 of Schedule A. (2) April 7, 2000 grant: The Executive was granted 65,000 options at a price of $11.67. The last 20% of these options will vest on April 7, 2004. If the Executive’s employment is terminated without cause pursuant to Article 4.3 of the Employment Agreement prior to April 7, 2004, there will be an immediate vesting of a pro rata portion of unvested options measured from April 17, 2003 to the date of termination. These options will expire 5 years from the date on which they vested and are subject the restrictions on exercise contained in Section 3.4 of Schedule A. (3) March 23, 2001: The Executive was granted 50,000 options at a price of $10.25 subject to the following vesting schedule: (i) 25% on March 23, 2004 (“Lot #1); (ii) 25% on March 23, 2005, (“Lot #2”); (iii) 50% on March 23, 2006, (“Lot #3”). Vesting of these options is subject to the Executive remaining in the Company’s employment, except that, if the Executive is terminated without cause pursuant to Article 4.3 of the Employment Agreement, there will be a pro rata vesting of these options in accordance with the following rules: • If the Executive’s employment is terminated before March 23, 2005, there will be an immediate vesting of a pro-rata option of Lot #1 of these options, measured from March 23, 2001 to the date of termination. • If the Executive’s employment is terminated before March 23, 2006, there will be an immediate vesting of a pro rata portion of Lot #2 of these options, measured from March 23, 2005 to the date of termination. • If the Executive’s employment is terminated before March 23, 2007, there will be immediate vesting of a pro rata portion of Lot #3 of these options, measured from March 23, 2006 to the date of termination. The March 2001 options will expire 5 years from the date on which they vested and are subject to the restrictions on exercise contained in Section 3.4. of Schedule A. All of the options described on this schedule are also subject to immediate vesting in the event that there is a Change of Control as defined in the Employment Agreement, subject to the restrictions on exercise described in Arti...
Sample 1
Other Elements of Compensation. MxXxxxxxx confirms and acknowledges that except as expressly provided in this Agreement, any other elements of compensation, including without limitation grants of equity-based compensation, are provided at the sole discretion of the Board of Directors and/or its compensation committee, which also shall have sole discretion to determine the terms, amount and frequency of any such other elements of compensation. Notwithstanding the foregoing, the parties acknowledge that as due and valid consideration for MxXxxxxxx’x covenants set forth in Section 8 of this Agreement, the Company has entered into this Agreement and agrees and confirms that (i) the stock options and restricted stock units held by MxXxxxxxx (the “Equity Awards”) shall be governed by the existing terms thereof, (ii) for so long as MxXxxxxxx fulfills his obligations pursuant to this Agreement, MxXxxxxxx shall not be deemed to have incurred a termination of employment with the Company for purposes of such Equity Awards, and (iii) the Board and its compensation committee shall not adjust the vesting schedule of the Equity Awards based on MxXxxxxxx’x status as a part-time employee.
Sample 1

Related to Other Elements of Compensation

  • 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.

  • Stock Based Compensation Executive will be eligible to participate in the Company's Employee Stock Purchase Plan and to be considered by the Compensation Committee for grants or awards of stock options or other stock-based compensation under the Company's Stock Incentive Plan or similar plans from time to time in effect. All such grants or awards shall be governed by the governing Plan and shall be evidenced by the Company's then standard form of stock option, restricted stock or other applicable agreement.

  • Basis of Compensation The Owner shall compensate the Architect/Engineer for the services provided in accordance with Article 7. Payments to the Architect/Engineer shall be as follows:

  • Reporting Subawards and Executive Compensation a. Reporting of first-tier subawards.

  • Extra Duty Compensation A. This schedule is based on time devoted by the unit member beyond the regular at-school duty hours. A unit member will not receive extra duty compensation for more than two assignments unless approved by the Board. 2 Athletic Directors $2448 $2564 $2696 2 Head Football Coaches 5342 5459 5588 6 Asst. Football Coaches 3684 3766 3852 4 Head Basketball Coaches 0000 0000 0000 8 Asst. Basketball Coaches 1758 1836 1922 2 Wrestling Head Coaches 2170 2274 2383 2 Asst. Wrestling Coaches 1386 1489 1597 2 Baseball Coaches 2021 2119 2213 2 Asst. Baseball Coaches 1386 1489 1597 2 Band Directors 5342 5459 5588 3 Asst. Band Directors 3740 3820 3909 2 Varsity Cheerleader Advisor 1649 1723 1810 2 Asst. Varsity Cheerleader Adv. 1154 1203 1267 2 Volleyball Coaches 2108 2203 2308 2 Asst. Volleyball Coaches 1386 1489 1597 3 Mock Trail Directors 1067 1117 1170 2 Drama Coaches 1067 1117 1170 2 Golf Coaches 1067 1117 1170 2 Softball Coaches 1810 1894 1980 2 Asst. Softball Coaches 1386 1489 1597 4 Head Track Coaches 2021 2119 2213 4 Asst. Track Coaches 1386 1489 1597 4 Tennis Coaches 1067 1117 1170 2 Unified Tennis Coaches 1100 1150 1176 4 Cross Country Coaches 1067 1117 1170 4 Soccer Head Coaches 2108 2203 2308 4 Asst. Soccer Coaches 1386 1489 1597 2 VICA Advisors 1067 1117 1170 1 Co-Wide Student Council Adv. 1067 1117 1170 2 Junior Class Advisor 1067 1117 1170 2 Senior Class Advisor 1067 1117 1170 2 Bowling Coaches 1067 1117 1170 2 Indoor Track Coaches 1067 1117 1170 1 Unified Track SH Coach 1100 1150 1176 Funding will be provided by Special Olympics 1 Aquatics Head Coach $660 $688 $704 1 Aquatics Asst. Coach 440 462 472 2 Bocce Head Coaches 660 688 704 2 Bocce Asst. Coaches 440 462 472 1 Track & Field Coach 660 688 704 Maximum number of positions are shown. Actual number of positions shall be determined on a per season basis; however, under no condition will the total number of positions be fewer than sixty-two (62). B. Extra duty compensation will be paid in one payment upon completion of activity except for full year activities which will be paid one-half of the amount each semester. Each unit member involved shall be responsible for submitting the proper form. C. Extra duty assignment forms shall be provided the unit members for the following year and are due within 30 calendar days following the ratification date of the negotiated agreement. Such forms shall include compensation for such activity. D. All unit members beginning an extra duty or transferring to a different assignment will be placed on the first step. E. A representative of the Association will serve as an ex-officio member of the School Activities Review/ Evaluation Committee and shall be given two (2) weeks’ notice of regular meetings. A twenty-four hours notice will be given for emergency meetings.

  • Fees and Compensation Managers and Officers may receive such compensation and fees, if any, for their services, and such reimbursement for expenses, as may be determined by resolution of the Board.

  • Amount of Compensation City shall pay Contractor for performance of all Services rendered in accordance with this Contract in an amount not to exceed $3,000,000.

  • 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.

  • Forfeiture; Recovery of Compensation (a) The Administrator may cancel, rescind, withhold or otherwise limit or restrict the Stock Option at any time if the Optionee is not in compliance with all applicable provisions of this Agreement and the Plan. (b) By accepting the Stock Option, the Optionee expressly acknowledges and agrees that his or her rights, and those of any permitted transferee of the Stock Option, under the Stock Option, including to any Stock acquired under the Stock Option or proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision). Nothing in the preceding sentence shall be construed as limiting the general application of Section 8 of this Agreement.

  • Employees and Compensation (A) Shown on Schedule 6.15(A) is a list of the name of each employee, sales agent or other Person, separately identified as to part-time or full-time, who is currently employed in the Business by Seller, together with each Person’s job classification, date of hire, and current rate of compensation (or method for computing same). All employees of Seller are “at will” employees whose employment may be terminated by Seller at any time, with or without notice or cause. (B) Schedule 6.15(B) hereto lists all compensation and benefit plans, contracts and arrangements maintained, sponsored or participated in by Seller or any of its Affiliates in connection with the Business and in effect as of the date hereof including, without limitation, all pension (including all such employee pension benefit plans as defined in Section 3(2) of ERISA), profit-sharing, savings and thrift, fringe benefit, bonus, incentive or deferred compensation, severance pay and medical and life insurance plans and employee welfare plans as defined in Section 3(1) of ERISA that are sponsored by Seller or any of its Affiliates and in which any employees of Seller participate (collectively, “Employee Benefit Plans”). (C) As to Employee Benefit Plans sponsored by Seller or its Affiliates that are “employee pension benefit plans” as defined in Section 3(2) of ERISA, such plans sponsored by Seller or its Affiliates are tax qualified under Section 401(a) of the Code, are not currently under examination by, nor are any matters pending before, the Internal Revenue Service, the Employee Benefits Security Administration or any quasi-government agency, are not subject to any claim, suit or arbitration (other than routine claims for benefits), are not subject to the minimum funding standards of Code Section 412, are in compliance with and have been administered in accordance with their terms and in compliance with all applicable requirements of law, including, but not limited to, the Code and ERISA, and there have been no prohibited transactions as defined in Code Section 4975 or ERISA Section 406 with respect to such plans that could subject Seller or its Affiliates to a tax or penalty under Code Section 4975 or ERISA Section 502(i). (D) Neither Seller nor any of its Affiliates has incurred any Liability under Title IV of ERISA that has or could, after the Effective Date, become a Lien upon any of the Purchased Assets pursuant to ERISA Section 4068. (E) Neither Seller nor any of its Affiliates is or has ever been required to contribute to any “multiemployer plan,” as such term is defined in Section 4001(a)(3) of ERISA, in which any employees of Seller in connection with the Business participate. (F) Except as set forth in Schedule 6.15(F), no Employee Benefit Plan provides medical, surgical, hospitalization, death or similar benefits (whether or not insured) for employees for period extending beyond their retirement or other termination of service, other than (i) coverage mandated by applicable law, or (ii) death benefits under any pension plan. (G) For the purposes of this Section 6.15, Seller shall include all trades or business under common control with Seller as provided in the regulations under Code Section 414(c).

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