Payment of Salary 2023-2025. Subd. 1 Pay Dates Pay dates for teachers will be determined utilizing a bi-weekly system of pay. Exceptions include the following:
Payment of Salary 2023-2025 Sample Clauses
Related to Payment of Salary 2023-2025
IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and year first above written.
Termination This Agreement may be terminated at any time prior to the Closing:
NOW, THEREFORE the parties hereto agree as follows:
WHEREAS the Trust is an open-end management investment company registered under the Investment Company Act of 1940, as amended (the "1940 Act"); and
Assignment This Agreement and all rights and obligations hereunder may not be assigned without the written consent of the other party.
Entire Agreement This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter contained in this Agreement and supersedes all prior agreements, understandings and negotiations between the parties.
Definitions As used in this Agreement, the following terms shall have the following meanings:
Severability Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
Notices Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company shall be delivered in accordance with the notice provisions of the Purchase Agreement.
Base Salary During the Employment Term, the Company shall pay the Executive annual base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be payable in regular installments in accordance with the Company's usual payroll practices. The Management Compensation Committee of the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review procedures.
