Pay Compensation Clause Samples

The "Pay Compensation" clause establishes the obligation for one party to provide monetary payment to another as a remedy for loss, damage, or breach of contract. Typically, this clause outlines the circumstances under which compensation is due, the method for calculating the amount, and the timeline for payment. Its core practical function is to ensure that parties are financially protected against specific harms or failures, thereby allocating risk and providing a clear mechanism for redress.
Pay Compensation. Bank shall pay as and when due the compensation to which Company is entitled, as set forth in Exhibit A to this Agreement.
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Pay Compensation. (where applicable)
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Pay Compensation. Increase the compensation payable to any officer, director, employee, agent or consultant other than in the ordinary course of business consistent with past practices; or enter into any employment, severance or other agreement with any officer or director of the Company or a Company Subsidiary; or adopt, or increase the benefits under, any employee benefit plan, except as required by law;
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Pay Compensation. A. 1. Trainmen qualified under Section 1 hereof shall be paid for their vacations as follows:
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Pay Compensation. Salary shall be 6% above base pay of the employee’s permanent rank.
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Pay Compensation. Salary shall be 10% above base pay of the employee’s permanent rank.
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Pay Compensation. Except as is otherwise disclosed in this Agreement, increase the compensation payable to any officer, director, employee, agent or consultant; or enter into any employment, severance or other agreement with any officer or director of Biomatrix or a Biomatrix Subsidiary; or adopt, or increase the benefits under, any employee benefit plan, except as required by law;
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Pay Compensation. Insofar as it relates to or affects the Combining Genzyme Businesses and except in the ordinary course consistent with past practice, increase the compensation payable to any officer, director, employee, agent or consultant; or adopt, or increase the benefits under, any employee benefit plan, except as required by law;
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Pay Compensation. Salary shall be 8% above base pay of the employee’s permanent rank.
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Related to Pay Compensation

  • 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.

  • Holiday Compensation Compensation for each paid holiday day not taken out is 4.6 % of the current monthly salary and holiday supplement according to 9.4.1 and 9.4.

  • 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 per hour.

  • Compensation Benefits Etc During the Employment Period, the Manager shall be compensated as follows: (a) The Manager shall (i) receive an annual cash base salary, payable not less frequently than semi-monthly, which is not less than the annualized cash base salary payable to Manager as of the Effective Date; (ii) be entitled to at least as favorable annual incentive award opportunity under the Company's annual incentive compensation plan as he did in the calendar year immediately prior to the year in which the Change of Control Event occurs; and (iii) be eligible to participate in all of the Company's long-term incentive compensation plans and programs on terms that are at least as favorable to the Manager as provided to the Manager in the four calendar years prior to the Effective Date. (b) The Manager shall be entitled to receive fringe benefits, employee benefits, and perquisites (including, but not limited to, vacation, medical, disability, dental, and life insurance benefits) which are at least as favorable to those made generally available as of the Effective Date to all of the Company's salaried managers as a group. In addition, the Manager shall be eligible to participate in the Company's Supplemental Retirement Income Program ("SRIP"). (c) Notwithstanding any other provision of this Agreement (whether in this Section 4, in Section 6, or elsewhere), (i) the Board of Directors may authorize an increase in the amount, duration, and nature of and/or the acceleration of any compensation or benefits payable under this Agreement, as well as waive or reduce the requirements for entitlement thereto and (ii) the Company may deduct from amounts otherwise payable to the Manager such amounts as it reasonably believes it is required to withhold for the payment of federal, state, and local taxes.