Payments of Current Compensation. The payment of Executive's Annual Salary shall be made in monthly installments on the then prevailing paydays of the Company. Any payment for Incentive Compensation will be made in accordance with the Executive Incentive Compensation Plan, and payment will be made in one lump sum concurrently with payments made to others in senior management. All payments are subject to the customary withholding tax and other employment taxes as required with respect to compensation paid to an employee.
Appears in 5 contracts
Samples: Employment Agreement (Gasco Energy Inc), Employment Agreement (Gasco Energy Inc), Employment Agreement (Gasco Energy Inc)
Payments of Current Compensation. The payment of Executive's Annual Salary shall be made in semi-monthly installments on the then prevailing paydays of the Company. Any payment for Incentive Compensation will be made in accordance with the Executive Incentive Compensation Plan, and payment will be made in one lump sum concurrently with payments made to others in senior management. All payments are subject to the customary withholding tax and other employment taxes as required with respect to compensation paid to an employee.
Appears in 4 contracts
Samples: Employment Agreement (Pennaco Energy Inc), Employment Agreement (Pennaco Energy Inc), Employment Agreement (Aviation Distributors Inc)
Payments of Current Compensation. The payment of Executive's Annual Salary shall be made in semi-monthly installments on the then prevailing paydays of the Company. Any payment for Incentive Compensation will be made in accordance with any executive incentive compensation plan implemented by the Executive Incentive Compensation PlanBoard of Directors, and payment will be made in one lump sum concurrently with payments made to others in senior management. All payments are subject to the customary withholding tax and other employment taxes as required with respect to compensation paid to an employee.
Appears in 3 contracts
Samples: Employment Agreement (Pennaco Energy Inc), Employment Agreement (Pennaco Energy Inc), Employment Agreement (Pennaco Energy Inc)
Payments of Current Compensation. The payment of Executive's Annual Salary shall be made in semi-monthly installments on the then prevailing paydays pay days of the Company. Any payment for Incentive Compensation will be made in accordance with the Executive Incentive Compensation Plan, and payment will be made in one lump sum concurrently with payments made to others in senior management. All payments are subject to the customary withholding tax and other employment taxes as required with respect to compensation paid to an employee.
Appears in 3 contracts
Samples: Employment Agreement (Aviation Distributors Inc), Employment Agreement (Aviation Distributors Inc), Employment Agreement (Aviation Distributors Inc)
Payments of Current Compensation. The payment of Executive's Annual Salary and additional salary (pursuant to subsection 5.1.1 above) shall be made in monthly installments on the then prevailing paydays of the Company. Any payment for Incentive Compensation will be made in accordance with the Executive Incentive Compensation Plan, and payment will be made in one lump sum concurrently with payments made to others in senior management. All payments are subject to the customary withholding tax and other employment taxes as required with respect to compensation paid to an employee.
Appears in 2 contracts
Samples: Employment Agreement (Gasco Energy Inc), Employment Agreement (Gasco Energy Inc)
Payments of Current Compensation. The payment of Executive's Annual Salary shall be made in monthly installments on the then prevailing paydays of the Company. Any payment for Incentive Compensation will be made in accordance with the Executive Incentive Compensation Plan, and payment will be made in one lump sum concurrently with payments made to others others, if any, in senior management. All payments are subject to the customary withholding tax and other employment taxes as required with respect to compensation paid to an employee.
Appears in 1 contract
