Salary and Commission Sample Clauses

Salary and Commission. In consideration of the Manager providing the services referred to herein, the Company agrees to pay the Manager: (a) an annual base salary (the "Annual Base Salary") of one hundred and forty thousand Canadian dollars (CDN$140,000) less applicable deductions, payable bi-weekly, subject to increase as from time to time approved by the Board of Directors of the Company; and (b) sales commissions calculated and payable in accordance with Schedule "B" attached hereto.
Sample 1
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Salary and Commission. (i) For the period commencing on the Effective Date and ending September 30, 1998 ("Year 1"), the Company shall pay Xxxxxxxxxx a salary of Eighty Five Thousand Dollars ($85,000.00) (the "Starting Salary"). The Starting Salary shall be paid by the Company to Xxxxxxxxxx in accordance with the Company's normal payment practices (but not less frequently than bi-weekly). In addition, during Year 1, the Company shall pay Xxxxxxxxxx a commission (the "Year 1 Commission") as follows: Year 1 Commission = 0.125 x (GR-COGS-COS-NRD) where GR = the gross revenues of the Company directly attributable to the sales of the Company's products and services in Local Markets Business Unit, as that term is defined, from time to time, by the Company. COGS= the cost of the goods sold to produce GR as determined by the Company in accordance with generally accepted accounting principles. COS = the cost of the sales associated with GR including, but not limited to, administrative and marketing expenses as determined by the Company in accordance with generally accepted accounting principles. NRD = that part of GR attributable to non-recurring sales, as determined by the Company, multiplied by a fraction, the numerator of which is the number of months over which GR is determined and the denominator of which is 36. For any time period for which NRD is calculated for purposes of this Agreement, an amount equal to the non-recurring sales of that time period less NRD shall be included in the non-recurring sales of the subsequent time period for which NRD is calculated for purposes of this Agreement. (Hereinafter, the amount represented by GR-COGS-COS-NRD for any given time period shall be referred to as "Local Market Net Revenues"). (ii) After Year 1, the Company shall pay Xxxxxxxxxx commissions only, without guaranteed salary, in accordance with this Section 4.1. For the one-year period commencing the day
Sample 1
Salary and Commission. In consideration of the Manager providing the services referred to herein, the Company agrees to pay the Manager: (a) an annual base salary (the "Annual Base Salary") of two hundred and ten thousand Canadian dollars (CDN$210,000) less applicable deductions, payable bi-weekly, subject to increase as from time to time approved by the Board of Directors of the Company; and (b) sales commissions calculated and payable in accordance with Schedule “B” for the first quarter ended October 31, 2006 based on Xx. Xxxxxxxxx’x prior salary of CDN$150,000 per annum as per attached hereto.
Sample 1
Salary and Commission. (a) Therapists are salaried at the appropriate “Step” on the Professional II or III salary scale according to their respective classification. (b) The monthly base salary is based on the annual base salary divided by twelve (12). (c) The full-time expectation for Outpatient therapist billing is twenty-two (22) hours a week. The full-time expectation for billing as an IOSS Unit Therapist is nineteen (19) hours a week. (d) The billing requirements for Behavioral Support Specialists in the IOSS Unit or Outpatient are twenty-one (21) hours per week. (e) All Therapists and Behavioral Support Specialists who were on the commission schedule according to the 2016-2018 union contract, will be paid out a prorated annual commission for the months of July 1, 2018-February 28, 2019. (See Appendix D for prorated commission terms.) (f) The Child Center will continue the monthly commission for all Therapists and Behavioral Support Specialists according to the 2016-2018 union contract for the months of January 2019, February 2019, and March 2019. All monthly commissions will cease March 31, 2019. (g) Effective April 1, 2019, licensed therapists will be able to earn additional money at a rate of 15% of what the agency is reimbursed for private insurance clients as long as they have met their billing requirements for the month, and they are an approved panel provider. (See example A in Appendix C.) 1. If the licensed therapist bills private insurance over their billing requirement for the month, the licensed therapist will receive 40% of the reimbursement collected above the billing requirement by the agency. (See example B in Appendix C.) 2. The agency will pay out money owed within 90 days of receipt of the provided service payment. 3. The billing obligation will be adjusted to reflect hours actually worked for the month. Paid leave will reduce the billing obligation. (See example C in Appendix C.) (h) Effective April 1, 2019, program directors have the discretion, with approval from the agency director to temporarily increase a therapist’s FTE. Increased FTE will be voluntary for all therapists. 1. The therapist’s billing expectation and salary compensation will be adjusted based on their new temporary FTE. (See examples D and E in Appendix C). 2. If a therapist does not meet their increased billing expectation, their monthly salary adjustment will be based on the amount over their base FTE billed. Adjustments will not be made below their base FTE. (See example F in Appen...
Sample 1

Related to Salary and Commission

  • Base Salary and Bonus As compensation for the Executive's services under this Agreement, the Executive shall receive and the Company shall pay a weekly base salary set forth on Exhibit A. Such base salary may be increased but not decreased during the Term or Renewal Period in the Company's discretion based upon the Executive's performance and any other factors the Company deems relevant. Such base salary shall be payable in accordance with the policy then prevailing for the Company's executives. In addition to such base salary, the Executive shall be entitled during the Term or Renewal Period to a performance bonus set forth on Exhibit A and to participate in and receive payments from, at the Company's election, other bonus and other incentive compensation plans, if any, as may be adopted by the Company.

  • Salary and Bonus Awards of stock, stock options, and stock appreciation rights. Use the dollar amount recognized for financial statement reporting purposes with respect to the fiscal year in accordance with the Statement of Financial Accounting Standards No. 123 (Revised 2004) (FAS 123R), Shared Based Payments.

  • Salary and Fringe Benefits The employee shall be paid a salary which is the pro- rata share of the salary which the employee would have earned had he or she not elected to exercise the option of reduced workload. The employee shall retain all other rights and benefits enjoyed by full-time members of the unit.

  • Salary and Wages Except in the case of a Permitted Termination or Furlough, the Recipient shall not, between the date of this Agreement and March 31, 2021, reduce, without the Employee’s consent, (A) the pay rate of any Employee earning a Salary, or (B) the pay rate of any Employee earning Wages.

  • Base Compensation The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $76,000 per annum, payable in cash not less frequently than monthly; provided, that the rate of such salary shall be reviewed by the Board of Directors of the Bank not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the Board of Directors in its sole discretion may decide.

  • Annual Salary Executive's compensation shall consist of an annual base salary (the "Annual Salary") of one hundred fifty thousand dollars ($150,000), before all customary payroll deductions. The Annual Salary shall be reviewed, and shall be subject to change, by the Board of Directors of Employer (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.

  • Base Salary The Company shall pay to the Executive an annual base salary of $200,000, payable on a monthly basis commencing on the Effective Date (as the same may be adjusted herein, the “Base Salary”). The Base Salary shall be paid in accordance with the Company’s payroll policies.

  • Base Salary and Benefits (a) During the Employment Period, the Company shall pay Executive an annual base salary of $535,600 (the “Base Salary”). As used herein, references to “Base Salary” shall include all subsequent increases in annual base salary during the Employment Period. The Base Salary shall be payable in regular installments in accordance with the Company’s general payroll practices (as in effect from time to time). (b) In addition to the Base Salary, during the Employment Period, Executive will be eligible to earn an annual bonus under a bonus plan to be established by the Company, payable in accordance with the Company’s customary practices, as determined by the Board, in its sole discretion based upon the Company’s achievement of budgetary and other objectives set by the Board; provided that, in determining the amount of the annual bonus, if any, to be paid to Executive, the Board shall, in determining whether the Company has achieved the budgetary and other goals set by the Board, disregard any payments by the Company and its subsidiaries to Onex (as defined below) and affiliates. (c) During the Employment Period, Executive shall be entitled to participate in all of the Company’s employee benefit programs for which senior executives of the Company and its subsidiaries are generally eligible. Without duplication of any employee benefits provided to all senior executives of the Company and its subsidiaries, the Company shall reimburse Executive for the annual premium cost of $1 million of term life insurance coverage purchased by Executive on his life, up to a maximum of Eleven Thousand Dollars ($11,000) per year. (d) During the Employment Period, the Company shall (without duplication of any employee benefits provided to Executive pursuant to other provisions of this Agreement) reimburse Executive for all reasonable business expenses incurred by him in the course of performing his duties and responsibilities under this Agreement which are consistent with the Company’s policies in effect from time to time with respect to travel, entertainment and other business expenses, subject to the Company’s requirements with respect to reporting and documentation of such expenses. (e) All amounts payable or otherwise provided to Executive pursuant to this Agreement shall be subject to all applicable withholding and deduction obligations.

  • BROKER COMPENSATION BROKER shall be entitled to a rental commission from all rent monies collected and shall retain any charges deemed "additional rent" or fees in the lease agreement as per outlined in “tiered pricing” Section 16. In the event Owner utilizes services that are not covered under their pricing plan compensation to All County will be as follows: Inspections $99.00 per inspection, Xxxx Pay $5.00 per xxxx, Maintenance Coordination $15.00 per issue, Notice Delivery $25 per notice, Security Claim preparation and mailing $25.00 plus certified postage. Owner can upgrade to next tired pricing plan without penalty, however if going to Peace of Mind they must pay the difference for the insurance premium and be eligible for the program with a Tenant placed by All County that is in good standing. A. COORDINATION FEES:

  • Salary Compensation As salary compensation for Employee's services hereunder and all the rights granted hereunder by Employee to the Company, the Company shall pay Employee a gross salary of not less than $175,000 during the term of this Agreement. Employee's salary shall be payable in bi-weekly increments in accordance with the Company's payroll practices for salaried employees, upon the condition that Employee fully and faithfully performs Employee's services hereunder in accordance with the terms and conditions of this Agreement. The Company shall deduct and withhold from the compensation payable to Employee hereunder any and all amounts required to be deducted or withheld by the Company under the provisions of any statute, regulation, ordinance, or order and any and all amendments hereinafter enacted requiring the withholding or deducting from compensation payable to employees.

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