Remuneration of the Group Chief Executive Officer and Chief Financial Officer Sample Clauses

Remuneration of the Group Chief Executive Officer and Chief Financial Officer. The remuneration paid to Xxxxx Xxxxxxxxx consists of a fixed base salary, cash based bonus incentives and customary executive fringe benefits. The remuneration paid to Xxxx Xxxxx consists of a fixed base salary, cash based bonus incentives and customary executive fringe benefits. In FY2015, the aggregate remuneration paid by TORM A/S (including subsidiaries of TORM A/S), to its Chief Executive Officer Xxxxx Xxxxxxxxx and its Chief Financial Officer, Xxxx Xxxxx, amounted to USD2,133,247. For FY2015, the CEO and CFO had the following cash bonus programmes: EBITDA cash bonus programme. Each of the Group Chief Executive Officer and Chief Financial Officer is eligible for an annual cash bonus conditional on TORM A/S' full year EBITDA (excluding vessel sales/investments/divestments) exceeding USD77m. The bonus is calculated as a percentage of any amounts exceeding USD77m. The maximum bonus cannot exceed 12 months base salary. If achieved, the bonus will be paid in April 2016 after release of TORM A/S' annual report for 2015 and is conditional on no notice of resignation having been served by the Chief Executive Officer and the Chief Financial Officer, respectively, before 1 April 2016. The programme terminated upon completion of the 2015 Restructuring, and any bonus will be calculated pro-rata based on TORM A/S' actual EBITDA result against monthly EBITDA budget. Cash performance bonus. Each of the Group Chief Executive Officer and Chief Financial Officer may be eligible for a cash performance bonus which is directly linked to certain key performance indicators. The cash bonus amount is calculated based on the Chief Executive Officer's and the Chief Financial Officer's respective base salaries. Transaction Success Bonus. Following the successful completion of the 2015 Restructuring, the Chief Executive Officer was paid a cash bonus of DKK 5,000,000 of which half was paid after closing of the 2015 Restructuring and half in January 2016. Following the successful completion of the 2015 Restructuring, the Chief Financial Officer was paid a cash bonus of DKK 3,000,000 of which half was paid after closing of the 2015 Restructuring and half in January 2016.
Sample 1
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Related to Remuneration of the Group Chief Executive Officer and Chief Financial Officer

  • President and Chief Executive Officer The president shall be the chief executive officer of the Trust, unless the Board of Trustees designates the chairman as chief executive officer. The chief executive officer shall see that all orders and resolutions of the Board of Trustees are carried into effect. The chief executive officer shall also be the chief administrative officer of the Trust and shall perform such other duties and have such other powers as the Board of Trustees may from time to time prescribe.

  • CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER CERTIFICATION The undersigned Chief Executive Officer and Chief Fiscal Officer of the Recipient, as both are designated in Appendix B of the Agreement, hereby request the Director to disburse financial assistance moneys made available to Project in Appendix C of the Agreement (inclusive of any amendment thereto) to the payee as identified below in the amount so indicated which amount equals the product of the Disbursement Ratio and the dollar value of the attached cost documentation which was properly billed to the Recipient in exclusive connection with the performance of the Project. The undersigned further certify that:

  • Chief Executive Officer The Chief Executive Officer shall, under the direction of the Member and Board of Managers, perform all duties incident to the office of Chief Executive Officer, have general charge of the business, affairs and property of the LLC and general supervision over the other Officers and any of the LLC's employees and agents and see that all orders and resolutions of the LLC are carried into effect.

  • Chief Financial Officer The Chief Financial Officer shall, under the direction of the Member, Board of Managers and Chief Executive Officer, perform all duties incident to the office of Chief Financial Officer and shall have such powers and discharge such duties as may be assigned to him or her, from time to time, by the Chief Executive Officer, Board of Managers or the Member.

  • Chief Operating Officer The Chief Operating Officer shall be responsible for managing the day to day operations of the Company and shall see to it that all orders of the Chief Executive Officer are carried into effect.

  • OFFICER AND CHIEF FINANCIAL OFFICER CERTIFICATION Pursuant to Section 6(b) and 6(c) of the Agreement, the undersigned Chief Executive Officer and Chief Fiscal Officer of the Recipient, as both are designated in Appendix B of the Agreement, hereby request the Director to disburse financial assistance moneys made available to Project in Appendix C of the Agreement (inclusive of any amendment thereto) to the payee as identified below in the amount so indicated which amount equals the product of the Disbursement Ratio and the dollar value of the attached cost documentation which was properly billed to the Recipient in exclusive connection with the performance of the Project, or, in the case of a final disbursement request, the amount entered at Line V of this Appendix E. The undersigned further certify that:

  • President Unless the Trustees otherwise provide, the President shall preside at all meetings of the shareholders and of the Trustees. Unless the Trustees otherwise provide, the President shall be the chief executive officer.

  • Certificate of Chief Financial Officer On the date of this Agreement and on the Closing Date or the Additional Closing Date, as the case may be, the Company shall have furnished to the Representatives a certificate, dated the respective dates of delivery thereof and addressed to the Underwriters, of its chief financial officer with respect to certain financial data contained in the Pricing Disclosure Package and the Prospectus, providing “management comfort” with respect to such information, in form and substance reasonably satisfactory to the Representatives.

  • Chief Executive Offices The chief executive office of each Loan Party is located at the address set forth in Schedule 2 hereto.

  • Chief Executive Office The chief executive office of Seller is located at 000 Xxxxxx Xxxxxx, Xxxxx 0000, Xxxx Xxxxx, Xxxxx 00000.

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