Salary and Equity Sample Clauses

Salary and Equity. The Executive’s compensation for all services to be rendered by him in any capacity hereunder shall consist of base salary and other compensation as provided in this Section. (a) The Executive shall be paid a minimum base salary at the rate of $600,000.00 per annum. The Salary shall be payable in accordance with the customary payroll practices for retail executives of the Company. The amount of the Executive’s Salary will be reviewed not less often than annually by the Compensation Committee of the Board (the “Compensation Committee”) and may be increased, but not decreased below such amount, on the basis of such review. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as the “Salary.” (b) As set forth herein, the Executive shall be entitled to an annual equity award in respect of each calendar year occurring during the Term in the amount of $600,000. Subject to the Executive’s continued employment on the applicable grant date, in each of 2011, 2012 and 2013, on the later of (i) June 1 of each such year and (ii) 45 days following release of the Company’s earnings in respect of the prior fiscal year, the Board or the Compensation Committee shall grant to the Executive a restricted stock award (each, a “RSA”) having a value of $600,000. The number of shares of Company common stock (“Common Stock”) subject to each RSA shall be determined by dividing $600,000 by a per share stock price equal to the forty-five (45) day weighted average of the Company’s closing per share price for the forty-five (45) day period immediately following the release of the Company’s earnings in respect of the prior fiscal year. Subject to Executive’s continued employment with the Company, each RSA shall vest in full on the anniversary of the Effective Date occurring in the year following the year of grant. Each RSA shall be made pursuant to the terms of the Company’s 2007 Performance Equity Plan and any successor plan thereto (collectively, the “Equity Plan”), provided, however, that no such award shall be made unless the Company has determined that it is (i) eligible to issue shares of Common Stock under the Company’s Form S-8 Registration Statement covering shares of Common Stock issuable pursuant to the Equity Plan and (ii) has adequate number of shares of Common Stock in the Equity Plan to effectuate such award. The RSA shall be subject to such other terms and conditions specified by the Compensation Committee in accordance with the p...
Sample 1
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Salary and Equity. For the services of the Executive to be rendered under this Agreement, the Company shall pay the Executive an annual salary of $300,000 (the “Base Salary”), less such deductions as shall be required to be withheld by applicable law and regulations payable in accordance with the Company’s customary payroll practices. The Executive’s Base Salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the Base Salary during the Term. However, the Executive’s Base Salary may not be decreased during the Term. In addition, the Company shall grant the Executive 100,000 restricted stock units. The restricted stock units (i) shall be granted under the 2018 Equity Incentive Plan and (ii) shall vest annually over a three-year period beginning the date of this Agreement, subject to continued employment on each applicable vesting date, execution of the Company’s standard Restricted Stock Unit Agreement, and to acceleration per Section 6 hereof. The 15,000 restricted stock units granted to the Executive on November 5, 2019 shall become immediately vested upon signing this Agreement.
Sample 1
Salary and Equity. For the services of the Executive to be rendered under this Agreement, the Company shall pay the Executive an annual salary of $240,000 (the “Base Salary”), less such deductions as shall be required to be withheld by applicable law and regulations payable in accordance with the Company’s customary payroll practices. The Executive’s Base Salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the Base Salary during the Term. However, the Executive’s Base Salary may not be decreased during the Term. In addition, under the 2012 Equity Incentive Plan, the Company shall grant the Executive 50,000 restricted stock units (“RSUs), which shall xxxxx xxxx on November 1, 2019, subject to continued employment on the applicable vesting date, execution of the Company’s standard RSU Agreement, and acceleration per Section 6 hereof.
Sample 1
Salary and Equity. For the services of the Executive to be rendered under this Agreement, White River shall pay the Executive an annual salary of $150,000 (the “Base Salary”), less such deductions as shall be required to be withheld by applicable law and regulations payable in accordance with White River’s customary payroll practices. The Executive’s Base Salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the Base Salary during the Term. However, the Executive’s Base Salary may not be decreased during the Term. In addition, the Parent as an inducement to the Executive to become an employee of White River has granted the Executive 15,000 Restricted Stock Units (“RSUs”). The RSUs shall vest in equal annual increments over a three-year period with the first vesting date one-year from the Effective Date, subject to continued employment on each applicable vesting date and execution of the Parent’s standard Restricted Stock Unit Agreement. The underlying shares of Common Stock shall be delivered following each vesting.
Sample 1
Salary and Equity. For the services of the Executive to be rendered under this Agreement, the Company shall pay the Executive an annual salary of $275,000 (the “Base Salary”), less such deductions as shall be required to be withheld by applicable law and regulations payable in accordance with the Company’s customary payroll practices. The Executive’s Base Salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the Base Salary during the Term. However, the Executive’s Base Salary may not be decreased during the Term. In addition, the Company shall grant the Executive 50,000 five-year stock options (the “Options”), subject to approval by the shareholders of the Company. The Options (i) shall be granted under the 2018 Equity Incentive Plan, (ii) with the Options exercisable at the closing price on the Nasdaq Stock Market as of September 10, 2018 and (iii) shall vest annually over a three-year period beginning September 10, 2019, subject to continued employment on each applicable vesting date, execution of the Company’s standard Stock Option Agreement, and to acceleration per Section 6 hereof.
Sample 1
Salary and Equity. For the period commencing on the Effective Date and ending March 31, 2021, Water Now will pay to King (i) an annualized base salary of $240,000.00 per annum, payable monthly, and (ii) 2,000,000 shares of Water Now’s restricted common stock, no par value, which shall be issued to King within ten (10) days after the Effective Date; provided, however, that the issuance of such shares to King is contingent upon the issuance not being in contravention of any prior existing understanding, agreement or other arrangement of Water Now. For the period commencing on April 1, 2021 and ending March 31, 2022, Water Now will pay to King the greater of (i) an annualized base salary of $240,000.00 per annum, payable monthly, or (ii) two and 50/100 percent (2.50%) of the gross revenues of Water Now during the fiscal year ending December 31, 2020, which amount shall be payable on an annualized basis during the period commencing April 1, 2021 and ending March 31, 2022. For the period commencing on April 1, 2022 and ending March 31, 2023, Water Now will pay to King the greater of (i) an annualized base salary of $240,000.00 per annum, payable monthly, or (ii) two and 50/100 percent (2.50%) of the gross revenues of Water Now during the fiscal year ending December 31, 2021, which amount shall be payable on an annualized basis during the period commencing April 1, 2022 and ending March 31, 2023. Any annualized base salary payable to King shall be payable in not less than 12 monthly installments according to the standard payroll practices of Water Now and subject to state and federal withholding and any other deductions authorized by King.
Sample 1

Related to Salary and Equity

  • 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.

  • Reporting Subawards and Executive Compensation a. Reporting of first-tier subawards.

  • Bonus Compensation During the term hereof, the Executive shall participate in the Company’s Senior Executive Annual Incentive Plan, as it may be amended from time to time pursuant to the terms thereof (the “Plan,” a current copy of which is attached hereto as Exhibit A) and shall be eligible for a bonus award thereunder (the “Bonus”). For purposes of the Plan, the Executive shall be eligible for a Bonus, and the Executive’s specified percentage (the “Specified Percentage”) for such Bonus shall initially be fifty percent (50%) of Base Salary and shall thereafter be established annually by the Board of Directors (the “Board”) or, if the Board delegates the Specified Percentage determination process to a Committee of the Board, by such Committee. In the event the Board or Committee does not approve the Executive’s Specified Percentage within 90 days of the beginning of a fiscal year, such Specified Percentage shall be the same as the immediately preceding year. Whenever any Bonus payable to the Executive is stated in this Agreement to be prorated for any period of service less than a full year, such Bonus shall be prorated by multiplying (x) the amount of the Bonus otherwise earned and payable for the applicable fiscal year in accordance with this Sub-Section 4.2 by (y) a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the applicable fiscal year for which the Executive was employed by the Company. Executive agrees and understands that any prorated Bonus payments will be made only after determination of the achievement of the applicable Performance Measures (as defined in the Plan) in accordance with the terms of the Plan. Any compensation paid to the Executive as Bonus shall be in addition to the Base Salary.

  • 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.

  • Annual Bonus Compensation Executive shall be eligible to receive a bonus each Contract Year (“Annual Bonus”) as the Compensation Committee of the Board of Directors shall determine. Executive’s Annual Bonus shall be determined in accordance with the Company’s executive compensation policies as in effect from time to time during the Term and shall be based, in part, on his achieving his individual performance goals for the year and, in part, on the Company’s achieving its performance goals for the year.

  • 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.

  • Cash and Incentive Compensation (a) All payments referenced in this Agreement are subject to applicable tax withholdings and authorized or required deductions.

  • Equity Incentive Compensation Upon the Closing, each incentive award in respect of the common stock of Seller Parent (a “Seller Parent Equity Award”) held by a Transferred Employee shall become vested or eligible to vest (subject to the satisfaction of any applicable performance goals) in a prorated amount, determined based on the number of days in the applicable vesting period elapsed as of the Closing Date. Effective as of the Closing, Purchaser or its Affiliates shall grant to each Transferred Employee an equity- or cash-based incentive award (a “Make-Whole Award”) with a grant date fair value that is no less favorable than the value of the portion of the Seller Parent Equity Awards forfeited by the Transferred Employee in connection with the Closing (which forfeited amount shall be disclosed to Purchaser Parent no later than five (5) Business Days prior to the Closing), which Make-Whole Award shall have terms and conditions that are no less favorable than the terms and conditions (including vesting schedule and accelerated vesting terms) that were applicable to the corresponding Seller Parent Equity Award. In the event that the post-Closing transfer of a Delayed Transfer Employee results in a larger portion of the Seller Parent Equity Awards held by such Delayed Transfer Employee becoming vested upon such Delayed Transfer Employee’s transfer of employment than if the employment of such Delayed Transfer Employee had transferred upon the Closing, then the incremental cost of such additional vesting (which cost shall be measured based on the taxable income the Delayed Transfer Employee either realized or would have realized had such awards been settled or exercised upon such Delayed Transfer Employee’s transfer of employment to Purchaser or its Subsidiaries) shall be considered Purchaser Assumed Employee Liabilities.

  • Director Compensation Petitioner shall not compensate members of the Charter School’s Governing Board in excess of reasonable expenses incurred in connection with actual attendance at board meetings or with performance of duties associated therewith.

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

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