S COMPENSATION. A. The School District, being required by law to carry worker’s compensation insurance on all employees, agrees to cover those accidents that happen while an employee is on the job or in any function in compliance with a direct order by a supervisor(s).
S COMPENSATION. Section 16.8 Any employee who is absent because of an injury or disease compensable under the Michigan Workers' Compensation law will receive from the District the difference between the allowance under the Workers' Compensation Law and her/his regular salary for the lesser of one-hundred eighty (180) calendar days or the time required to qualify for long term disability benefits provided by the District. Benefits received by the employee from Avondale's Workers' Compensation Insurance in combination with the payment by Avondale, will not exceed the employee's annual contract amount. The District will continue hospitalization insurance (Section 16.3) for the first twelve (12) months the employee is receiving workers compensation wage benefits.
S COMPENSATION. Section 13.1 In the event a para is injured while in the performance of his/her duties, he/she is eligible for Worker’s Compensation benefits per state statute.
S COMPENSATION. Upon the execution of this Agreement, Company hereby covenants and agrees to pay CCEC as follows: 4.1 $7,500.00 (Seven Thousand Five Hundred Dollars) cash payable monthly for the term of the Agreement with first payment of $7,500.00 due upon execution of this agreement and subsequent payments of $7,500.00 due the 1st of each month, beginning June 1, 1999 and continuing for the duration of this Agreement (12 months) with the final payment due April 1, 2000. 4.2 Each time that an industry-recognized research analyst, defined as any analyst employed by a registered investment banking firm having a regional or national reputation - who has been first introduced to the Company by CCEC, initiates published coverage of the Company, then the Company agrees to pay CCEC an additional one time payment of $5,000.00 (Five Thousand United States Dollars); when applicable, CCEC will invoice the Company for the additional fee(s) due. 4.3 Each time that an institutional investor acquires no less than 5% of the issued and outstanding shares of the Company's common stock, then the Company agrees to pay CCEC an additional one time payment $5,000 (Five Thousand United States Dollars); when applicable CCEC will invoice the Company for the additional fee(s) due. This provision excludes any positioning by American International Industries, who is already in active discussion with the company. 4.4 CCEC shall be entitled to receive an option or warrant to purchase up to 200,000 common shares of the Company's stock, with the following exercise prices: * 35,000 shares - $3.50 * 45,000 shares - $4.50 * 55,000 shares - $5.50 * 65,000 shares - $6.50 The Company agrees to issue CCEC piggyback registration rights for the common shares underlying the options/warrants listed above, whereby these shares will be registered for resale by CCEC on the first applicable S-3 Registration Statement filed by the Company with the U.S. Securities and Exchange Commission; said underlying common shares shall be held by the Company until such time as CCEC elects to exercise its option or warrant to purchase the common shares. The term of the option/warrant shall expire 12 months from the date the Registration Statement is deemed effective by the U.S. Securities and Exchange Commission.
S COMPENSATION. The Corporation pays its directors an $8,000 annual retainer, and $400 for each regular Bank Board meeting they attended and $300 for each committee meeting they attended. Xxxxx X. Xxxxxx, as a full-time employee, was not compensated for services rendered as a director. In April 1995, the shareholders of the Bank approved a non-qualified stock option plan for non-employee directors of the Bank. The 1995 Stock Option Plan for Outside Directors (the "1995 Directors Plan") provides for the award of options to each outside director on a scheduled basis depending upon when an outside director first is elected to the Board of the Bank. That schedule is: 1995 Annual Meeting or before - 5,513 shares; after the 1995 Annual Meeting through the 1996 Annual Meeting - 4,410 shares; after the 1996 Annual Meeting through the 1997 Annual Meeting - 3,308 shares; after the 1997 Annual Meeting through the 1998 Annual Meeting - 2,205 shares; after the 1998 Annual Meeting through the 1999 Annual Meeting - 1,103 shares. The Bank's directors were awarded the following stock options in 1995: Xxxxxx Xxxx-5,513 shares; Xxxx X. Xxxxxx-5,513 shares; Xxxxx X. Xxxx-5,513 shares; Xxxxxx X. Xxxxxx-5,513 shares; Xxxxxx X. Xxxxxx-5,513 shares; X. Xxxxxxxx Xxxxxxxxx-5,513 shares; Xxxx X. Xxxxxxx-5,513 shares; Xxxxxx X. Xxxxx III-4,410 shares; Xxxx X. Xxxxx-5,513 shares; Xxxxxxx Xxxxxxxx-5,513 shares. No stock options were awarded to directors in 1998, 1997 or 1996. All options awarded directors were adjusted for the five percent (5%) stock dividends paid in November, 1996 and 1998 and for the 2-for-1 stock split of the Corporation's Common Stock in December, 1997. The exercise price for the option shares may not be less than the fair market value of the common stock on the date of grant of the option. In April 1998, the shareholders of the Corporation approved a non-qualified stock option plan for non-employee directors of the Corporation. The 1998 Stock Option Plan for Outside Directors (the "1998 Directors Plan") provides for the award of options to each outside director on a scheduled basis depending upon when an outside director first is elected to the Board of the Corporation. That schedule is: 1998 Annual Meeting or before - 2,625 shares; after the 1999 Annual Meeting through the 2000 Annual Meeting - 2,100 shares; after the 2000 Annual Meeting through the 2001 Annual Meeting - 1,575 shares; after the 2001 Annual Meeting through the 2002 Annual Meeting - 1,050 shares; after the 2002 A...
S COMPENSATION. Manager's compensation shall be paid no later than the 5th of each month, and shall be calculated as follows: 24 A management fee equal to % of the gross amount of all rents paid by tenants of the Property;
S COMPENSATION. Compensation Cases Payment to Employees of Surplus Amounts collected by the Parking Authority. Where in an action arising out of an accident to an Authority employee, the Authority recovers from a third per- son a larger amount, of costs than the amount paid to or on behalf of such employee as a result of the accident, the surplus amount shall be paid to such employee or, in the event of his death, to the estate of such employee. All cheques receivable third parties by the Parking Authority in settlementof claims shall be made payable to the Parking Authority of Toronto. The Authority's Solicitors shall furnish the Authority's Vice President, Finance and Administration with a statement of costs for the service of his department, together with a state- ment of any other legal costs incurred. On receipt of the statement of costs from the Authority's Solicitor, the Authority shall reimburse to the employee the total of all monies received from third parties, less costs by the Authority, or in the event of death, to the estate of such employee. When an employee is released from the Workmen's Compensation Board for the purposes of returning to light work then management shall provide light work for the employee provided that the light work available at the time.
S COMPENSATION. Where in an action arising out of an accident to an Authority employee, the Authority recovers from a third per- son a larger amount, exclusive of costs, than the amount paid to or on behalf of such employee as a result of the accident, the surplus amount shall be paid to such employee or, the event of his death, to the estate of such employee. All cheques receivable from third parties by the Parking Authority in settlement of claims shall be made payable to the Parking Authority of Toronto. The Authority's Solicitor shall furnish the Authority's Vice President, Finance and Administration, with a statement of costs for the service of his department together with a state- ment of any other legal costs incurred. On receipt of the statement of costs from the Authority's Solicitor, the Authority shall reimburse to the employee the total of all monies received from third parties, less costs by the Authority, or in the event of death, to the estate of such employee. ARTICLE REPRESENTATION As per full-time collective agreement, Article
S COMPENSATION. DU obliges to pay the author for the producing of the work and the usage of the license by the means and in the scope according to art. III. of this contract the author’s compensation in the amount of 208 € (two hundred and eight Euro). By the payment of the author’s compensation according to para. 1 of this article, all author’s claims for the production of the work and its usage in the scope according to art. III. are settled. art. V. Rights and responsibilities of the contractual parties
S COMPENSATION. Provided that the returns t o work within fifty - two consecutive weeks of the date of i l l n e s s or injury, time on Workers' Compensation shall. be considered as time worked for the purpose of calculating the current year's vacation entitlement under the terms of this In the case of an absence due to a compensable the employee will be paid at her regular rate of pay for scheduled hours on the day of the accident. In the case of an absence due to a compensable accident, where the anticipated length of such absence is four or more, the w i l l post notice of the vacancy i n accor- dance with the job posting procedure (Article of t h i s Agree- ment. Where the anticipated absence is less than four months, the may fill the position at his discretion. The injured employee shall have a period of two (2 years from the date of the injury within which she shall preserve the seniority which she had accrued up t o the time of the accident and within which she shall have the right to return to work upon the recommendation of the Compensation Board or the attending physician, which shall indicate to the. that the has the physical capability to perform her job If an employee returns to work within the two ( 2 ) year period mentioned i n Article above, she shall be returned t o her former job, or to work of a comparable nature at the same salary level and without loss of seniority or benefits accrued to the date of injury. (This would be effected by the returning employee displacing the employee with the least seniority in the category t o which she is returning.) If, on the recommendation of the Workers' Compensation Board or the attending physician, the employee is capable only of performing work of a different kind, or of a fighter nature, and such work is available within the Nursing Home, i n a class- ification that is covered by t h i s Agreement, then the returning employee may exercise her seniority i f has the qualifica - tions, experience, and ability by bumping into the job, at the applicable salary level, displacing the employee with the least seniority i n the classification.
