REMUNERATION OF EMPLOYEE Sample Clauses

REMUNERATION OF EMPLOYEE. The full and complete remuneration of the Executive for his services under this Agreement shall be as set forth in Appendix B attached to this Agreement and made a part hereof.
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REMUNERATION OF EMPLOYEE. The full and complete remuneration of Employee with respect to his employment under this Agreement shall be Four Hundred and Twenty Thousand Dollars ($420,000.00) per annum, subject to such tax equalization adjustments as may be applicable to Employee from time to time in accordance with the Company's policies and procedures for the tax equalization of employee remuneration. It shall be the responsibility of Employee to report and to account to the appropriate tax authorities in respect of all personal tax liabilities of Employee.
Sample 1
REMUNERATION OF EMPLOYEE. 3.1 In consideration of the Employee's performance of duties hereunder, the Employer shall pay the Employee the following remuneration: (a) the sum of $_____________ per month ($______________ per annum) payable bi-monthly each month during the Term of this Agreement (“Salary”); (b) such cash bonuses (“Bonuses”) reflecting the Employee’s performance as may be determined from time to time by the Employer’s compensation committee (the “Compensation Committee”); (c) subject to such reasonable restrictions and requirements as the Employer may impose on its Employees and employees generally from time to time, the Employer shall reimburse the Employee for out-of-pocket expenses incurred in performance of the Employee's duties hereunder upon receipt of such evidence of those expenses as the Employer may reasonably require (“Expenses”); and (d) The Employee shall be entitled to receive incentive stock entitling the holder to purchase common shares of the Employer in such amounts, at such prices, for such term and subject to such further terms and conditions as the Board of Directors of the Employer may from time to time consider appropriate (the “Incentive Stock Options”), all of which shall be granted in the name of the Employee.
Sample 1
REMUNERATION OF EMPLOYEE. The full and complete remuneration of Employee with respect to his employment under this Agreement shall be nil until such time as his compensation is reviewed by the Compensation Committee of the Board of Directors, and thereafter as determined from time to time by the Compensation Committee of the Board of Directors. Such amounts will be subject to tax equalization adjustments as may be applicable to Employee from time to time in accordance with the Company's policies and procedures for the tax equalization of employee remuneration. It shall be the responsibility of Employee to report and to account to the appropriate tax authorities in respect of all personal tax liabilities of Employee.
Sample 1
REMUNERATION OF EMPLOYEE. The full and complete remuneration of Employee with respect to his employment under this Agreement shall be US $36,336 per annum, subject to appropriate tax withholdings. Such remuneration may be adjusted from time to time, in the discretion of the Compensation Committee of the Board of Directors of the Company. Employee shall be eligible for incentive programs, the Company stock option program, and other applicable compensation programs as determined in the sole discretion of the Compensation Committee of the Board of Directors of the Company. It shall be the responsibility of Employee to report and to account to the appropriate tax authorities in respect of all personal tax liabilities of Employee; however, the Company will assist Employee in complying with all tax obligations outside of Employee's country of residence.
Sample 1
REMUNERATION OF EMPLOYEE. 6.1 In consideration for performing the duties of Director - Technical Development for not less than 40 hours per week, and for such additional hours as those duties may require, the Employee shall be paid during the Term: 6.1.1 an annual base salary of $120,000 paid in fortnightly increments. The annual base salary will be reviewed on 3 June 1997 and 3 June 1998; 6.1.2 a discretionary performance bonus ("the Bonus") subject to the following criteria: 6.1.2.1 the Bonus shall be payable only when, and in amounts that, the Company in its sole discretion may determine; 6.1.2.2 the Bonus shall be subject in any event to the achievement by the Company of quarterly targets mutually agreed between the Board of Directors of XI and the Employee; 6.1.2.3 in any year of the Term in the event that the Company achieves its targets in each quarter, and determines to pay a bonus in each quarter, it is intended that the total annual bonus will amount to not less than $25,000 p.a; 6.2 The Company shall procure that XI, being a Related Corporation, shall as soon as is practicable after the execution of this Agreement grant to the Employee the options specified below to purchase Shares for the Price. Any of the options that have not been exercised by 3 June 2001 or by the date of termination of the Term, whichever occurs first, shall expire at that time and be incapable of exercise. The options may only be exercised by the Employee and are not capable of transfer, assignment or encumbrance in any manner whatsoever: 30,000 Shares exercisable from July 1st, 1996 20,000 Shares exercisable from January 1st, 1997 15,000 Shares exercisable from July 1st, 1997 15,000 Shares exercisable from January 1st, 1998 20,000 Shares exercisable from July 1st, 1998
Sample 1
REMUNERATION OF EMPLOYEE. The full and complete remuneration of Employee with respect to his employment under this Agreement shall be One Hundred and Forty Thousand Dollars ($140,000.00) per annum, subject to such tax equalization adjustments as may be applicable to Employee from time to time in accordance with the Company's policies and procedures for the tax equalization of employee remuneration. As provided for by the Board of Directors of the Company, Employee shall continue to participate in the Executive Performance Incentive Plan/Corporate Long-Term Incentive Plan. It shall be the responsibility of Employee to report and to account to the appropriate tax authorities in respect of all personal tax liabilities of Employee.
Sample 1

Related to REMUNERATION OF EMPLOYEE

  • Compensation of Employee Employer shall pay Employee, and Employee shall accept from Employer, in full payment for Employee's services hereunder, compensation as follows:

  • Compensation of Employees Compensate its employees for services rendered at an hourly rate at least equal to the minimum hourly rate prescribed by any applicable federal or state law or regulation.

  • Separation of Employment (a) If an employee is discharged he shall be paid in full for all monies owing him on the date of his discharge. If an employee quits the Employer may withhold payment for five (5) calendar days. (b) The Employer shall give a Record of Employment Certificate to any employee who separates from employment for at least seven (7) days for any reason within five (5) days of the last day worked, or terminates.

  • Employment of Employee (a) Except as provided in Sections 2(b), 2(c) and 2(d), nothing in this Agreement shall affect any right which Employee may otherwise have to terminate Employee's employment, nor shall anything in this Agreement affect any right which the Company may have to terminate Employee's employment at any time in any lawful manner. (b) In the event of a Potential Change in Control, to be entitled to receive the benefits provided by this Agreement, Employee will not voluntarily leave the employ of the Company, and will continue to perform Employee's regular duties and the services specified in the recitals of this Agreement until the Change in Control Date. Should Employee voluntarily terminate employment prior to the Change in Control Date, this Agreement shall lapse upon such termination and be of no further force or effect. (c) If Employee's employment terminates on or after the Change in Control Date, the Company will provide to Employee the payments and benefits as provided in Sections 3 and 4. (d) If Employee's employment is terminated by the Company prior to the Change in Control Date but on or after a Potential Change in Control Date, then the Company will provide to Employee the payments and benefits as provided in Sections 3 and 4 unless the Company reasonably demonstrates that Employee's termination of employment neither (i) was at the request of a third party who has taken steps reasonably calculated to effect a Change in Control nor (ii) arose in connection with or in anticipation of a Change in Control. Solely for purposes of determining the timing of payments and the provision of benefits in Sections 3 and 4 under the circumstances described in this Section 2(d), Employee's date of termination shall be deemed to be the Change in Control Date.

  • Termination of Employment Executive's employment hereunder may be terminated under the following circumstances:

  • Definition of Employee 2.01 The term "employee" as used in and for the purpose of this Agreement shall include those employees of the Company at and from the Company's present or relocated premises for which the Union is certified, except those employees excluded by the Labour Relations Code of British Columbia.

  • Location of Employment The Executive's principal place of business shall continue to be at the Company's headquarters to be located within thirty (30) miles of Doylestown, Pennsylvania; provided, that the Executive acknowledges and agrees that the performance by the Executive of his duties shall require frequent travel including, without limitation, overseas travel from time to time.

  • Duration of Employment 5.1 A seafarer shall be engaged for the period specified in Appendix 1 to this Agreement and such period may be extended or reduced by the amount shown in Appendix 1 for operational convenience. The employment shall be automatically terminated upon the terms of this Agreement at the first arrival of the ship in port after expiration of that period, unless the Company operates a permanent employment system.

  • Cessation of Employment In the event Executive shall cease to be employed by the Company for any reason, then Executive's compensation and benefits shall cease on the date of such event, except as otherwise provided herein or in any applicable employee benefit plan or program.

  • Termination of Employees Agent may in its discretion stop using any Retained Employee at any time during the Sale, subject to the conditions provided for herein. In the event that Agent desires to cease using any Retained Employee, Agent shall notify Merchant at least seven (7) days prior thereto, so that Merchant may coordinate the termination of such employee; provided, however, that, in the event that Agent determines to cease using an employee “for cause” (which shall consist of dishonesty, fraud or breach of employee duties), the seven (7) day notice period shall not apply, provided further, however, that Agent shall immediately notify Merchant of the basis for such “cause” so that Merchant can arrange for termination of such employee. From and after the date of this Agreement and until the Sale Termination Date, Merchant shall not transfer or dismiss employees of the Stores except “for cause” without Agent’s prior consent. Notwithstanding the foregoing, Agent shall not have the right to terminate the actual employment of any employee, but rather may only cease using such employee in the Sale and paying any Expenses with respect to such employee.

Most Referenced Clauses

Most Referenced Definitions