Pay and Expenses. 4.1 The Company shall pay to the Executive for the proper performance of his duties under this Agreement a fixed salary at the rate of (pound)150,000 per annum (or such higher rate as the Company may from time to time notify in writing to the Executive).
4.2 The Company intends to operate a discretionary bonus scheme which is to be approved by the Remuneration Committee. The Executive shall be entitled to participate in such scheme.
4.3 The fixed salary of the Executive will:
(a) accrue from day to day and be payable by equal quarterly instalments in arrears by not later than the last working day of the month at the end of such quarter;
(b) notwithstanding anything to the contrary contained in the Articles of Association of the Company or of any other Group Company, be inclusive of any other fees or remuneration of any description which the Executive might be entitled to receive from the Company or any Group Company or any other company or association in which he holds office as a nominee or representative of the Company or any Group Company (and the Executive shall, at the discretion of the Board, either waive his right to any such remuneration or account to the Company for the same forthwith upon receipt);
(c) be paid by credit transfer to the account nominated by the Executive from time to time; and
(d) be capable of set off by the Company from time to time against any liability of the Executive to the Company.
4.4 Subject to clause 4.5, the fixed salary shall be reviewed by the Remuneration Committee in the month of July each year. Increases are not automatic but will be based on individual merit and performance.
4.5 The Executive hereby authorises the Company to deduct from any remuneration accrued and due to him under the terms of this Agreement (whether or not actually paid during the Appointment) or from any pay in lieu of notice:
(a) any overpayment of salary or expenses or payment made to the Executive by mistake or through any misrepresentation;
(b) any debt owed by the Executive to the Company or any Group Company;
(c) any other sum or sums which may be required to be authorised pursuant to Section 13 of the ERA; and
(d) any tax or Social Security contributions due in respect of remuneration or any other monies received or receivable by the Executive from the Company.
4.6 The Company shall repay to the Executive all reasonable travelling, hotel and other expenses properly incurred by him in or about the performance of his duties, subject to the...
Pay and Expenses. 4.1 The Company shall pay to the Executive for the proper performance of his duties under this Agreement a fixed salary ("Fixed Salary") at the rate of 366,000 pounds per annum (or such higher rate as the Company may from time to time notify in writing to the Executive).
4.2 The Fixed Salary of the Executive will:
(a) accrue from day to day and be payable by equal monthly installments in arrears by not later than the last working day of each month;
(b) notwithstanding anything to the contrary contained in the Articles of Association of the Company or of any other Group Company, be inclusive of any other fees or remuneration of any description which the Executive might be entitled to receive from the Company or any Group Company or other company or association in which he holds office as a nominee or representative of the Company or any Group Company (and the Executive shall, at the discretion of the Board, either waive his right to any such remuneration or account to the Company for the same forthwith upon receipt); and
(c) be paid by credit transfer to the account nominated by the Executive from time to time.
4.3 On each anniversary of the Commencement Data the Fixed Salary shall be increased by a minimum amount equal to ten per cent of the Fixed salary at the rate payable on such anniversary.
4.4 The Executive hereby authorizes the Company to deduct from any remuneration accrued and due to him under the terms of this Agreement (whether or not actually paid during the appointment) or from any pay in lieu of notice:
(a) any overpayment of salary or expenses or payment made to the Executive by mistake or through any misrepresentation;
(b) any debt arising from terms agreed between the Executive and the Company owed by the Executive to the Company or any Group Company;
(c) any other sum or sums which the Executive has authorised pursuant to Section 13 of the ERA; and
(d) any tax or Social Security contributions required by law to be made in respect of remuneration or any other monies received or receivable by the Executive from the Company.
4.5 The Executive shall, subject to complying with the rules of the Company relating to the reimbursement of expenditure in force from time to time be reimbursed all travelling, accomodation, reasonable entertainment and other out of pocket expenses wholly, exclusively and necessarily incurred in the performance of the duties of the Appointment.
4.6 The Company shall reimburse to the Executive the cost of two first class ...
Pay and Expenses. The members of the Board of directors of the Authority shall receive no compensation, whether in the form of salary or per-diem or otherwise, for or in connection with his or her service as a member. Each member of the Board of Directors shall be entitled to reimbursement of actual travel and out-of-pocket expenses incurred on behalf of the Authority as authorized by the Board. Such expenses shall be reimbursed in accordance with procedures established by the Board of Directors.
Pay and Expenses. The employee shall receive pay for their normal hours of work for the duration of the course, and shall receive compensation for any necessary expenses.
Pay and Expenses. The Corporation agrees to pay the salary and expenses of all Union members of Joint committees that are established between the Corporation and the Union.
Pay and Expenses. Educational
Pay and Expenses. 6.1 The Company shall pay to the Executive for the proper performance of his duties under this Agreement a fixed salary at the rate of £265,000 per annum (or such higher rate as the Company may from time to time notify in writing to the Executive). The fixed salary will accrue from day to day and be payable by equal monthly instalments in arrears by no later than the 25th working day of each month by credit transfer to the bank or building society account nominated by the Executive in writing from time to time.
6.2 Notwithstanding anything to the contrary contained in the Articles of Association of the Company or of any other Group Company or any other company of which the Executive is a member of the board of directors at the request and/or nomination of the Board, the fixed salary payable under clause 6.1 above will be inclusive of any other fees or remuneration of any description which the Executive might be entitled to receive from such company and the Executive shall either waive his right to any such remuneration or account to the Company for the same immediately upon receipt.
6.3 The Company operates a discretionary bonus scheme, the provisions of which are at the entire discretion of the Board. The scheme does not form part of the Executive’s terms and conditions of employment, and receipt of a bonus in any year is no guarantee or indication that a bonus will be paid in any subsequent year. Details of the current bonus scheme are contained within a separate document a copy of which will be provided to the Executive separately, although the Executive acknowledges and agrees that he will not be considered for any discretionary bonus during the Company’s 2005 financial year.
6.4 The Executive shall receive the sum of £85,000, less any deductions which the Company is required by law to make (“Signing Bonus”), in accordance with the company’s first payroll run after the Commencement Date, provided that the Company has received a copy of this Agreement executed by the Executive, and the Executive is still in employment and he has not given notice of the termination of his employment.
6.5 The fixed salary shall be reviewed by the Compensation Committee on an annual basis, on or around December each year, with any increase to take effect from the beginning of the following year. Increases are not automatic, but will be based on individual merit and performance, as well as the general performance of the Company and the prevailing economic conditions at the ...
Pay and Expenses. 14.1 Your basic salary will be paid by your substantive employer, under the terms set out in your substantive contract.
14.2 Pay for additional sessions will be in accordance with the principles specified within the terms and conditions of service which apply to medical and dental staff employed in Wales, as amended from time to time.
14.3 You will be entitled to Commitment Awards and eligible for Clinical Excellence Awards in accordance with the principles specified within the terms and conditions of service which apply to medical and dental staff employed in Wales, as amended from time to time.
14.4 Expenses incurred as part of your NHS duties will be reimbursed according to the terms and conditions of service which apply to medical and dental staff employed in Wales, as amended from time to time. This
Pay and Expenses. The Company shall pay to the Executive for the proper performance of his duties under this agreement a fixed salary at the rate of £250 ,000 gross per annum (or such higher rate as the Company may from time to time notify in writing to the Executive). The fixed salary will accrue from day to day and be payable by equal monthly instalments in arrears by no later than the last working day of each month by credit transfer to the bank or building society account nominated by the Executive in writing from time to time.
Pay and Expenses. Members of the Com- mittee serve without pay. However, the Sec- retary may reimburse a member for reasonable travel expenses incurred by the member in at- tending meetings of the Committee.
