Performance Reviews. At the end of each fiscal year, the Board or the Compensation Committee thereof will review the Executive's job performance and will provide the Executive a written review of the Executive's job performance during the prior year and implement any Board authorized revisions to the Executive's position, compensation and duties at the Company; PROVIDED, HOWEVER, that the provisions set forth in this Agreement with respect to the Executive's compensation, and other terms and conditions of the Executive's employment at the Company shall not be modified by the Board in a manner which would result in less favorable or less beneficial terms or conditions thereof being imposed on the Executive without the Executive's full concurrence and consent.
Appears in 8 contracts
Samples: Employment Agreement (Golf Trust of America Inc), Employment Agreement (Golf Trust of America Inc), Employment Agreement (Golf Trust of America Inc)
Performance Reviews. At the end of each fiscal year, the Board or the Compensation Committee thereof will review the Executive's job performance and will provide the Executive a written review of the Executive's job performance during the prior year and implement any Board authorized revisions to the Executive's position, compensation and duties at the Company; PROVIDEDprovided, HOWEVERhowever, that the provisions set forth in this Agreement with respect to the Executive's compensation, and other terms and conditions of the Executive's employment at the Company shall not be modified by the Board in a manner which would result in less favorable or less beneficial terms or conditions thereof being imposed on the Executive without the Executive's full concurrence and consent.
Appears in 2 contracts
Samples: Employment Agreement (Golf Trust of America Inc), Employment Agreement (Golf Trust of America Inc)
Performance Reviews. At the end of each fiscal year, the Board or the Compensation Committee thereof will review the Executive's job performance and will provide the Executive a written review of the Executive's job performance during the prior year and implement any Board authorized determined revisions to the Executive's positionbase salary, compensation and duties the Executive's merit bonus, the Executive's title and/or the Executive's responsibility at the Company; PROVIDEDprovided, HOWEVERhowever, that the provisions set forth in this Agreement with respect to the Executive's compensation, compensation and other the terms and conditions of the Executive's employment at the Company shall cannot be modified by the Board in a manner which would result in less favorable or less beneficial terms or conditions thereof being imposed on the Executive without the Executive's full concurrence and consent.
Appears in 2 contracts
Samples: Employment Agreement (Signature Resorts Inc), Employment Agreement (Sunterra Corp)