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. (a) Therapists are salaried at the appropriate “Step” on the Professional II or III salary scale according to their respective classification.
Sample 1
Salary and Commission. (i) For the period commencing on the Effective Date and ending September 30, 1998 ("Year 1"), the Company shall pay Xxxxxxx a salary of Eighty Five Thousand Dollars ($85,000.00) (the "Starting Salary"). The Starting Salary shall be paid by the Company to Xxxxxxx 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 Xxxxxxx a commission (the "Year 1 Commission") as follows:
Sample 1
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").
Sample 1

Related to Salary and Commission

  • Base Salary and Incentive Compensation Executive’s initial annual base salary shall be three hundred nine thousand dollars ($309,000). Executive’s base salary shall be redetermined annually by the Board or a Committee thereof. The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in substantially equal installments on a bi-weekly or more frequent basis. In addition to Base Salary, Executive shall be eligible to receive cash incentive compensation as determined by the Board or a Committee thereof from time to time, and shall also be eligible to participate in such incentive compensation plans as the Board or a Committee thereof shall determine from time to time for employees of the same status within the hierarchy of the Company.

  • 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 ii. 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.

  • Base Compensation a. The Company and the Bank agree to pay Executive during the term of this Agreement a base salary at the rate of $ per year, payable in accordance with customary payroll practices.

  • 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 During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $250,000, payable in regular installments in accordance with the Company's usual payment practices. Executive shall be entitled to such increases in Executive's base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive's annual rate of base salary, as in effect from time to time, is hereinafter referred to as the "Base Salary."

  • Base Salary and Benefits a. During the Employment Period, Executive's base salary shall be $180,000 per annum (the "Base Salary"), which salary shall be payable in regular installments in accordance with the Company's general payroll practices, including those related to withholding for taxes, insurance and similar items. Executive's Base Salary shall be increased on January 1 of each calendar year, commencing January 1, 1998, by the Adjustment Percentage (as defined below) of the Base Salary applicable to the previous fiscal year. As used herein, "

  • 1Base Salary During the Period of Employment, the Company shall pay the Executive a base salary (the “Base Salary”), which shall be paid biweekly or in such other installments as shall be consistent with the Company’s regular payroll practices in effect from time to time. The Executive’s Base Salary shall be at an annualized rate of Seven Hundred Thousand dollars ($700,000.00). The Compensation Committee of the Board (the “Compensation Committee”) will review the Executive’s rate of Base Salary on an annual basis and may, in its sole discretion, increase (but not decrease) the rate then in effect.

  • 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.

  • Salary and Benefits During the term of this Agreement:

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