Position and Salary. 3.1 During the term of this Agreement, Employee shall be employed by the Board in the capacity of the President of Xxxxxxx X College of the City Colleges of Chicago. In this capacity Employee shall serve as an Officer of the District as set forth in the Board Bylaws of the City Colleges of Chicago, Section 2.3. Employee agrees that as a condition of employment he will reside within the City of Chicago during the term of his employment.
Position and Salary. 2.2 During the term of this Agreement, Employee shall be employed by the Board in the capacity of the President of Xxxxxx Xxxxxx
Position and Salary. 2.2 During the term of this Agreement, Employee shall be employed by the Board in the capacity of the
Position and Salary. In your capacity as Chief Scientific Officer you will report to the Chief Executive Officer of Adynxx (the “CEO”). Your annual base salary will be $266,990, subject to standard payroll deductions and withholdings. You will also be eligible to participate in any tax qualified or other benefit plans that may be offered by the Company. The Company currently makes an annual contribution to each employee’s 401(k) retirement plan equal to three percent (3%) of each such employee’s annual base salary. Your target annual bonus will be thirty percent (30%) of your annual base salary, subject to standard payroll deductions and withholdings. The amount of your awarded bonus, which may be above or below the target amount based on Company and your individual performance, will be based upon achievement of milestones to be mutually agreed upon between you and the CEO. Bonus payments, if any, will be paid as soon as practicable following the determination by the Board of Directors of Adynxx (the “Board”) that the bonus has been earned, but in no event after the later of (i) March 15 following the calendar year in which such bonuses are earned or (ii) the 15th day of the 3rd month following the close of Adynxx’s fiscal year in which such bonuses are earned.
Position and Salary. In your capacity as Chief Medical Officer you will report to the Chief Executive Officer of Adynxx (the “CEO”). Your annual base salary will be $296,117, subject to standard payroll deductions and withholdings. You will also be eligible to participate in any tax qualified or other benefit plans that may be offered by the Company. The Company currently makes an annual contribution to each employee’s 401(k) retirement plan equal to three percent (3%) of each such employee’s annual base salary (in your case, currently equal to $8,883 per annum). Your target annual bonus will be thirty-five percent (35%) of the sum of your annual base salary plus any annual Company contribution to your 401(k) retirement plan, subject to standard payroll deductions and withholdings. The amount of your awarded bonus, which may be above or below the target amount based on Company and your individual performance, will be based upon achievement of milestones to be mutually agreed upon between you and the CEO. Bonus payments, if any, will be paid as soon as practicable following the determination by the Board of Directors of Adynxx (the “Board”) that the bonus has been earned, but in no event after the later of (i) March 15 following the calendar year in which such bonuses are earned or (ii) the 15th day of the 3rd month following the close of Adynxx’s fiscal year in which such bonuses are earned.
Position and Salary. Job Title : President, Global Adhesives ----------------------------------------------------------------------- Pay Grade : 38 ----------------------------------------------------------------------- Base Salary : 583,482 DM ----------------------------------------------------------------------- Bonus : Target 40% Superior 60% ----------------------------------------------------------------------- Xxxxxx administration will be according to German practice and policy and will remain on the US/German fiscal year basis. Your salary will be up for review during the regular merit review period in the US during November/December of each year. Your next PPA review is November 2001. All salary increases will be based on German salary increase guidelines. A portion of your salary will be paid in local currency and a portion paid to you in the US in US dollars. The exchange rate will be updated on a US fiscal year quarterly basis.
