Salary and other payments. 3.1 In respect of his employment in accordance with clause 2.4 above, the Company shall pay the Employee a salary of NIS 30,000 a month plus VAT, against a tax invoice that shall be issued by the Employee (hereinafter referred to as “the consideration”).
3.2 The consideration shall be paid to the Employee once a month, by no later than the 10th day of each Gregorian month, for the previous month.
3.3 Notwithstanding the provisions of clause 3.1 above, until the date on which the Company raises capital from an external investor, the Company shall pay the Employee, from the consideration, a sum of NIS 15,000 together with VAT, and the balance of the consideration shall accrue to the credit of the Employee and shall be paid to him after the raising of capital as aforesaid. After the raising of capital, the Company and the Employee shall agree on a salary increase, provided that the Employee, as the Company’s CEO, presents a business plan to the board of directors showing that it will be possible to pay him the increased salary.
3.4 In the event that, prior to the raising of capital mentioned in sub-clause 3.3 above, the Company faces a cash flow problem or other budgetary difficulties, the parties agree that the Company’s board of directors shall have exclusive authority to decide that instead of NIS 15,000 plus VAT, the Employee shall be paid NIS 10,000 plus VAT, and the balance of the consideration shall accrue to his credit as set forth in sub-clause 3.3 above.
3.5 It is agreed and warranted that the above consideration is the full consideration for the Employee’s engagement and is in the amount of the employer’s cost gross and embodies all the social and/or other benefits due to the Employee as an employee of the Company, including – and without derogating from the generality of the aforesaid – provisions for executive insurances, provisions for severance pay in accordance with section 28 of the Severance Pay Law, 5723-1963, provisions for pension funds and vocational studies funds, convalescence pay, sick leave pay, leave pay, redemption of sick pay, redemption of leave pay and any other consideration due to the Employee pursuant to the law. The consideration shall be revised in accordance with the increase in the convalescence pay tariffs pursuant to the provisions of the extension order.
3.6 The Employee shall himself deduct from the consideration all the deductions required pursuant to the law, including national insurance, income tax and employer-emp...
Salary and other payments a) The Consultant’s annual salary shall be as set out in Department of Health salary scales.
b) Those Consultants appointed as Clinical Directors will receive additional remuneration as specified in Department of Health salary scales.
Salary and other payments. 3.1 Base Salary -----------
3.1.1 The Company shall pay the Officer a monthly base salary of 24,000 (Twenty Four Thousand) NIS (hereinafter the "Base Salary") gross, payable each month not later than the Ninth day of each month.
3.1.2 The Base Salary specified above includes remuneration for working overtime and on days of rest, and the Officer shall not be entitled to any further remuneration or payment whatsoever other than the Base Salary, unless expressly specified in this Agreement. The Officer acknowledges that the Salary to which he is entitled pursuant to this Agreement constitutes due consideration for him working overtime and on the weekly rest or holidays.
Salary and other payments. 3.1 Base Salary -----------
3.1.1 The Company shall pay the Employee a monthly base salary of 13,000 NIS (hereinafter the "Base Salary") gross, payable each month not later than the Ninth day of each month. At January 2010, the salary will raise to 14,000 NIS per month..
3.1.2 The Base Salary specified above includes remuneration for working overtime and on days of rest, and the Employee shall not be entitled to any further remuneration or payment whatsoever other than the Base Salary, unless expressly specified in this Agreement. The Employee acknowledges that the Salary to which he is entitled pursuant to this Agreement constitutes due consideration for him working overtime and on the weekly rest or holidays.
Salary and other payments. 4.1 The Employee shall be entitled to a base gross monthly salary in the amount of CZK 34,600 (Thirty Four Thousand and Six Hundred Czech crowns) for the work carried out hereunder (the “Salary”). The Salary shall be payable at the latest on the 30th day of each calendar month following the month in respect of which the Salary is paid to the Employee.
4.2 The Employee shall be entitled to options as outlined in the Groupon, Inc. Notice of Grant of Stock Options and Stock Option Agreement which will separately be provided to Employee.
4.3 The Employer shall pay from the Salary and other considerations granted to the Employee all deductions required under the applicable Czech laws. Further, the Employer may also withhold from the Salary and any other form of remuneration, all taxes required by federal, state, local or other laws of countries where the Employee travels for work. During the term of Employee’s employment, the Employee shall immediately inform the Employer of any changes which had or could have an impact on the advance payment of income tax in respect of income from “dependent activity” (in Czech: závislá činnost), social and health insurance and other similar payments.
4.4 The Employee has agreed with the Employer that the Employee’s Salary, as well as any other remuneration paid on the basis of or in line with this Contract, net of any potential deductions and other payments, paid to the Employee on the basis of or under this Contract, will be remitted to the Employee’s bank account maintained by a Czech bank, of which the Employee shall inform the Employer in writing within five (5) working days of the date of the commencement of the Employee’s employment hereunder.
Salary and other payments. The Player’s gross monthly salary is [insert the sum in words] ([insert the sum in numbers]) euros. The salary is paid once a month to the Player’s bank account [insert IBAN account number] in [insert bank name] not later than by the [insert ordinal number] working day of the month following the month of work. The holiday pay is paid in accordance with the same procedure. The Team may pay additional remuneration and bonuses to the Player based on Key Performance Indicators (the KPIs) such as, for example, the Team’s place and ranking, the Team’s results in a tournament, the Player’s participation in tournaments, the quality of the Player’s performance, the Player’s participation in major tournaments, major changes in the Team revenue (e.g., progress in a tournament, qualification for a tournament, etc.), the Player’s level of online and offline activity (among other things, streaming, joining others’ streams, posting in social media such as, for instance, Instagram, TikTok, YouTube and Twitch, participating in meet-and-greet events), the Player’s participation in other marketing activities and refrainment from violating the Team’s Code of Conduct and this Agreement. Payment of bonuses and additional remuneration is decided by the Team management. [Alternative last sentence of this clause: If the Player and the Team agree on the payment of bonuses based on KPIs, the latter are agreed on in greater detail in an annex to the Agreement.] The Team pays the Player the Player’s share of tournament prize money (if any or if made available) within [insert number of days] after the actual receipt thereof from the tournament organiser. The Player acknowledges that the tournament prize money, the amount and terms of payment thereof are at the sole discretion of the tournament organiser and beyond the Team’s control. The Team pays and withholds from the salary, additional remuneration, bonuses and prize money as well as from any other payments made to the Player any and all taxes to be paid and withheld, in accordance with applicable law. Income from organisation of events, financial support received from a sponsor and advertising income from any events, tournaments and streaming belong to the Team, unless the Team and the Player have agreed otherwise. The Team is required to keep paying the Player’s salary during a period when the Player’s status is ‘inactive,’ unless the Parties agree otherwise. No additional remuneration or bonuses are paid to the ...
Salary and other payments a) The Consultant’s annual salary shall be as follows (in June 2007 terms) and shall be implemented on a phased basis as set out at d) below:
i) for Type A Contracts a salary scale in four points as follows will apply: €222,000, €228,000, €234,000, €240,000;
ii) for Type B Contracts a salary scale in four points as follows will apply: €205,000, €210,000, €215,000, €220,000;
iii) for Type B* Contracts a salary rate of €190,000 will apply.
iv) for Type C Contracts a salary scale in four points as follows will apply: €160,000, €165,000, €170,000, €175,000.
b) The annual salary for Consultant Academics shall be as follows:
i) For a Professor (Type A Contract) a salary scale in four points as follows will apply: €272,860, €280,240, €287,620, €295,000.
ii) For a Professor (Type B Contract) a salary scale in four points as follows will apply: €265,650, €272,100, €278,550, €285,000
iii) For a Professor (Type B* Contract) a salary of €255,000 will apply.
iv) For a Professor (Type C Contract) a salary scale in four points as follows will apply: €219,450, €226,300, €233,150, €240,000
c) All serving Consultants who take up the offer of the Consultant Contract 2008 by 31st August 2008 will be assimilated to the maximum point of the applicable new salary scale.
d) The salary scales at a) and b) above will be phased on the following basis:
i) a 5% increase on the Consultant’s existing (June 2007) rate from the 14th of September 2007;
ii) half the balance16 from 1st June 2008;
iii) the remaining balance from 1st June 2009. These rates will attract a 2.5% Towards 2016 general round increase from the 1st of March 2008 and a further 2.5% Towards 2016 general round increase from 1st September 2008.
e) An allowance of €50,000 per annum will be paid to those Consultants appointed as Clinical Directors.
f) Saturday, Sunday and Public Holidays: Structured on-site attendance at weekends and on public holidays will be subject to the following premium payments:
i) Time + ½ on Saturdays
ii) Double time on Sundays and Public Holidays
g) Continuing Medical Education The CME allowance will be increased to €3,000 with effect from the 1st June 2008. Payment will continue to be on a vouched basis, to be adjusted in line with the Consumer Price Index (C.P.I.). This allowance may be carried over annually for a maximum of five years.
Salary and other payments. 4.1 The Employee shall be entitled to an annualized base salary, prorated for Employee’s first year of employment, of $450,000 USD (Four Hundred Fifty Thousand USD) less withholdings and deductions for the work carried out hereunder (the “Salary). The Salary shall be payable in equal monthly installments at the latest on the 30th day of each calendar month following the month in respect of which the Salary is paid to the Employee, and will be converted to the local currency (CZK) at time of payment based on the exchange rate announced by the Czech National Bank on the date the monthly salary is due.
4.2 The Employee shall be entitled to Restricted Share Units ("RSUs") as outlined in the attached Equity Side Letter and an Award Agreement which will be separately provided to Employee via Fidelity.
4.3 The Employee shall be eligible for a 2023 annual target bonus of 100% of Employee’s Salary, pro-rated for service during the performance period, capped at 150% of the target bonus. The actual amount of the bonus pay out, if any, will be based on specific performance objectives to be established and certified by the Compensation Committee of the Groupon, Inc. Board of Directors (“Compensation Committee”). Final determination of any bonus pay out is at the discretion of the Compensation Committee. As such, any bonus pay out is not guaranteed. After Employee’s Start Date, Employee will receive the terms and conditions of the 2023 bonus as soon as administratively possible.
4.4 The Employer shall pay from the Salary and other considerations granted to the Employee all deductions required under the applicable Czech laws. Further, the Employer may also withhold from the Salary and any other form of remuneration, all taxes required by federal, state, local or other laws of countries where the Employee travels for work. During the term of Employee’s employment, the Employee shall immediately inform the Employer of any changes which had or could have an impact on the advance payment of income tax in respect of income from “dependent activity” (in Czech: závislá činnost), social and health insurance and other similar payments.
4.5 The Employee has agreed with the Employer that the Employee’s Salary, as well as any other remuneration paid on the basis of or in line with this Contract, net of any potential deductions and other payments, paid to the Employee on the basis of or under this Contract, will be remitted to the Employee’s bank account maintained by a Czech bank, o...
Salary and other payments. SECTION 1 Regularly employed teachers shall have the their salaries paid in twenty-six
Salary and other payments
