Common use of Other Forms of Compensation Adjustment Clause in Contracts

Other Forms of Compensation Adjustment. If the con- tract contains any other forms of compensation, the determina- tion of whether the compensation shall be included in the salary calculation will be determined in accordance with the facts in each situation. Amounts that are payable on the occur- rence of a specific event or events shall not be included in Base Salary if such event or events fail to occur within the specified period. If the item is included, the Club has the option of either including the value of the item in the Base Salary, or excluding it from Base Salary but repeating the item on the same terms. The following is a nonexhaustive list of other forms of com- pensation:

Appears in 8 contracts

Samples: Basic Agreement, Basic Agreement, Basic Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.