Salary and Incentive Compensation. For services rendered under this Agreement, the Company shall pay the Executive a monthly salary of $15,041.83 paid semi-monthly in accordance with the Company’s customary payroll practice.
Salary and Incentive Compensation. The Company shall pay to Executive a salary from and after the Effective Date at the annual rate of $530,000 (the “Salary”). The Salary shall be paid in such installments and at such times in accordance with the Company’s standard payroll practices. The Salary shall be reviewed by the Board or, if applicable, the Compensation Committee (the “Committee”) of the Board of Managers of the Company (the “Board”) periodically in accordance with the Company’s normal compensation review practices for executive officers, in connection with which the Salary shall be subject to increases, but not decreases, at such times as shall be determined by the Committee in its discretion. Executive shall also be entitled to participate in the Focus Financial Partners, LLC Annual Cash Bonus Plan or any successor annual incentive plan (with annual target bonus opportunity to be set at 150% to 200% of Salary) and the Company’s Incentive Unit Plan or any successor equity-based compensation plan (with annual target equity incentive opportunities to be set at 150% to 200% of Salary, and the value of such Incentive Units to which Executive is entitled shall equal the cash bonus awarded to the Executive pursuant to the Company’s Annual Cash Bonus Plan (or a successor plan), applying the Black Scholes method consistent with the Company’s past practice to determine the corresponding number of Incentive Units to be issued to Executive for that annual period) adopted for each fiscal year for executive officers as determined by the Committee, subject to the normal review practices and procedures of the Committee. As of the Effective Date, the Incentive Units previously granted to Executive and identified on Exhibit B shall be deemed fully vested notwithstanding the terms of any of the respective Incentive Unit Agreements governing any of the Incentive Units. The Company shall deduct or cause to be deducted from the Salary, bonuses and other compensation payable to Executive all taxes and amounts required by law to be withheld.
Salary and Incentive Compensation. The compensation for the Executive shall include both a salary (“Base Salary”) and participation in short term and long term incentive plans. This compensation will be reviewed by the Compensation Committee of the Board of Directors (“Compensation Committee”) on at least an annual basis, and upon such annual review, may be changed or adjusted as deemed appropriate by the Compensation Committee or by the Board of Directors. The Company agrees that any modification of the Executive’s salary and incentive compensation will be documented in the official minutes and/or other documentation of the Compensation Committee.
Salary and Incentive Compensation. For all services rendered by the Executive in any capacity during the Employment Period under this Agreement, the Executive shall be paid as compensation (i) an annual salary of $85,600, plus (ii) such incentive compensation or bonus as may be awarded to the Executive from time to time by the Board of Directors. Such salary shall be payable in 52 equal weekly installments and any such incentive compensation or bonus shall be payable in the manner and at the time specified by the Board of Directors.
Salary and Incentive Compensation. For all services rendered by the Executive in any capacity during the Employment Period under this Agreement, the Executive shall be paid as compensation (i) an annual salary of $300,000, or such higher salary as may be negotiated from time to time by the Bank and the Executive (hereinafter referred to as the "annual base salary") plus (ii) a bonus payable within 30 days after the end of each calendar year equal to ten percent (10%) of the net pre-tax profits of the Bank during such year up to a maximum of fifty percent (50%) of the Executive's then annual base salary. The annual base salary shall be payable in equal bi-weekly installments. For purposes of calculating Executive's bonus, "net pre-tax profits" means the Bank's gross revenues for such calendar year less all operating expenses and charges to income in accordance with generally accepted accounting principles, consistently applied.
Salary and Incentive Compensation. The Employee’s initial annual base salary (the “Annual Base Salary”), payable in accordance with the Company’s general payroll practices, in effect from time to time, shall be at the annual rate of $295,000. The Company’s Board of Directors (the “Board”) shall review such base salary at least annually and may from time to time direct such upward adjustments in Annual Base Salary as the Board deems to be necessary or desirable in its sole and absolute discretion.
Salary and Incentive Compensation. During the Employment Period Executive shall be entitled to compensation from the Company as follows:
a. For all services to be rendered by Executive to the Company during the Employment Period, including, without limitation, services as an executive, officer, director, employee or member of any committee of the Company or its subsidiaries, divisions, business units or affiliates, Executive shall be paid compensation in the form of a base or fixed salary, payable not less often than once each month, at the annual rate of Six Hundred Fifty Thousand Dollars ($650,000) effective December 1, 1997, with the opportunity for periodic annual reviews and increases in such rate as shall be determined in the sole discretion of the Board of Directors.
b. Executive shall be paid additional compensation in the form of incentive compensation as follows:
i. Executive shall be an "Eligible Employee" as that term is defined in the Company's Annual Incentive Compensation Plan (the "Annual Incentive Plan") and may receive incentive compensation as provided by its terms. Pursuant to the Annual Incentive Plan, Executive's "Bonus Percentage" will be 50%. Executive's participation in the Annual Incentive Plan is subject to the terms and conditions of the Annual Incentive Plan, or any amended version of the Annual Incentive Plan or any successor or other annual incentive compensation plan which may be adopted and become legally effective during the Employment Period.
ii. For the 1997 Fiscal Year, the Company will pay the Executive pursuant to the Annual Incentive Plan a Bonus of Eight Hundred Seventeen Thousand Five Hundred Dollars ($817,500) on February 16, 1998, provided the Corporation achieves 125% or greater of the Corporate Incentive Goal pursuant to Section 4.4(b)
Salary and Incentive Compensation. During your assignment to the Host Country, Vistaprint shall pay your salary and other cash compensation in accordance with Vistaprint’s policies and practices in the Home Country.
Salary and Incentive Compensation. For all services rendered by Gottlich in any capacity during xxx Xxxm, Gottlich shall be paid as compexxxxxxx a base annual salary of $125,000 per annum (of which an amount of $15,000 annually will accrue and will be paid on the earlier of the completion of a new capital financing transaction by the Company which shall yield gross proceeds of not less than $750,000, or such time when the Company achieves a positive cash flow from operations), or such higher salary as may be agreed upon from time to time by Company and Gottlich, provided that, aftxx xxx xirst year of this Agreement, at a minimum, Gottlich's salary shall be incrxxxxx xx xen (10%) per annum for each year thereafter. In addition, Gottlich shall receive such xxxxxxxxe compensation and bonus as may be awarded to Gottlich from time to time by txx Xxxxx. Such salary shall be payable in accordance with the standard pay schedule established for Company executives and any such incentive compensation or bonus shall be payable in the manner and at the time specified by the Board.
Salary and Incentive Compensation. For all services to be rendered by Employee under this Agreement, including services as an officer, director and member of any committee, and such other duties as the Board of Directors may assign to him, Employer agrees to compensate Employee, payable at such times as is customary for employees of the Company, as follows:
