Salary and Perquisites Sample Clauses

Salary and Perquisites. (a) For his services under this Agreement, the Employee shall be entitled to receive a salary at the rate of Cdn $125,000 per annum; (b) the salary provided shall be paid in equal semi-monthly installments in accordance with the Employer’s normal practices; (c) the Employee shall also be entitled to participate in any other compensation and perquisite plans provided by the Employer to executive employees of the Employer, subject to the applicable terms of such compensation and perquisite plan as are determined in the discretion of the Employer in relation to the Employee; and (d) Employer shall make and remit all required withholding and employment taxes on any compensation paid or payable to Employee hereunder.
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Salary and Perquisites. (a) For his services under this Agreement, the Employee shall be entitled to receive a base salary at the rate of Cdn.$180,000 per annum; (b) the base salary provided shall be paid in equal semi-monthly installments in accordance with the Employer’s normal practices; (c) the Employee shall also be entitled to an initial grant of 60,000 stock options in the Employer to be issued on and priced based on the closing price at the earliest available date, such date to be determined jointly by the Chief Financial Officer and legal counsel to the Corporation, taking into account relevant stock exchange and securities laws considerations as they pertain to financial and non-financial black-out periods. The options shall be subject to all the terms and conditions of the Employers Equity Incentive Plan; (d) the Employee shall also be entitled to participate in any other compensation and perquisite plans provided by the Employer to executive employees of the Employer, subject to the applicable terms of such compensation and perquisite plan as are determined in the sole discretion of the Employer in relation to the Employee; and (e) Employer shall make and remit all required withholding and employment taxes on any compensation paid or payable to Employee hereunder.
Sample 1
Salary and Perquisites. (a) For his services under this Agreement, the Employee shall be paid a salary at the rate of US$ 300,000 per annum during the term hereof; (b) the salary provided shall be paid in equal semi-monthly installments in accordance with the Employer’s normal practices; and (c) Employer shall make and remit all required withholding and employment taxes on any compensation paid or payable to Employee hereunder who is a permanent resident of the state of Nevada, USA. The Employee and Employer have agreed to review salary and other compensation arrangements on or about the date which is twelve (12) months from the date of this Agreement if the Agreement has not been previously terminated.
Sample 1
Salary and Perquisites. (a) For his services under this Agreement, the Employee shall be entitled to receive a base salary at the rate of Cdn. $300,000 per annum; (b) the base salary provided shall be paid in equal semi-monthly installments in accordance with the Employer’s normal practices; (c) the Employee shall also be entitled to an initial grant of 400,000 stock options in the Employer stock but only after the Employee has shown proof of purchase of US$500,000 worth of the Employer stock. This purchase is expected to occur before joining the company on December 30, 2015. Assuming the purchase is made prior to commencing employment, the grant of stock options will be to be issued on December 30, 2015, the commencement of employment, and priced at US$1.02 or higher based on the closing price on December 30, 2015. The options shall be subject to all the terms and conditions of the Employers Equity Incentive Plan; (d) the Employee shall also be entitled to participate in any other compensation and perquisite plans provided by the Employer to Employee employees of the Employer, subject to the applicable terms of such compensation and perquisite plan as are determined in the sole discretion of the Employer in relation to the Employee; and (e) Employer shall make and remit all required withholding and employment taxes on any compensation paid or payable to Employee hereunder.
Sample 1

Related to Salary and Perquisites

  • Fringe Benefits and Perquisites During the Employment Term, the Executive shall be entitled to fringe benefits and perquisites consistent with those provided to similarly situated executives of the Company.

  • Benefits and Perquisites Executive shall be entitled to participate in, to the extent Executive is otherwise eligible under the terms thereof, the benefit plans and programs, and receive the benefits and perquisites, generally provided by the Company from time to time to senior executives of the Company, including without limitation family medical insurance (subject to applicable employee contributions). Executive shall be entitled to receive four weeks of vacation, in accordance with Company policy.

  • Other Benefits and Perquisites The Executive shall be entitled to participate in the benefit plans provided by the Company for all employees, generally, and for the Company’s executive employees. The Company shall be entitled to change or terminate these plans in its sole discretion at any time.

  • Employee Benefits and Perquisites During the Employment Term, the Executive will be entitled to (i) participate in all employee benefit plans, programs, arrangements or policies that are from time to time made available by the Company generally to its senior executives, including, without limitation, the Company’s life insurance, long-term disability, and health plans (“Employee Benefits”); and (ii) the perquisites and other fringe benefits that are from time to time made available by the Company generally to its senior executives and to such perquisites and fringe benefits that are from time to time made available by the Company to the Executive in particular, subject to any applicable terms and conditions of any specific perquisite or other fringe benefit; provided, however, that nothing contained herein shall be deemed to require the Company to adopt, maintain or provide any particular plan, program, arrangement, policy, perquisite or fringe benefit. The Executive shall be required to comply with the conditions attendant to coverage by such plans and shall comply with and be entitled to benefits only in accordance with the terms and conditions of such plans as they may be amended from time to time. The Executive agrees to cooperate and participate in any medical or physical examinations as may be required in connection with the applications for such life and/or disability insurance policies.

  • Business Expenses and Perquisites Reasonable travel, entertainment and other business expenses incurred by Executive in the performance of his duties hereunder shall be reimbursed by the Company in accordance with Company policies; provided that Executive provides the Company with reasonable documentation of such expenses satisfactory to the Company.

  • Benefit Plans and Perquisites The Executive shall be entitled throughout the term of this Agreement to participate in any and all officer or employee compensation, bonus, incentive, and benefit plans in effect from time to time, including without limitation plans providing pension, medical, dental, disability, and group life benefits, including the Employer’s 401(k) Plan, and to receive any and all other fringe benefits provided from time to time, provided that the Executive satisfies the eligibility requirements for any such plans or benefits. Without limiting the generality of the foregoing –

  • Perquisites During the Employment Period, Executive shall be entitled to receive such perquisites as are generally provided to other senior officers of the Company in accordance with the then current policies and practices of the Company.

  • Base Salary and Benefits (a) During the Employment Period, Executive’s base salary shall be $150,000 per year (the “Base Salary”), which salary shall be payable in regular installments in accordance with the Company’s general payroll practices and shall be subject to required withholding. The Base Salary shall be reviewed by the Board for increase at least once every twelve (12) months.

  • Salary and Benefits During the term of this Agreement:

  • Benefits Perquisites and Expenses Benefits. During the Term, the Executive shall be eligible to participate in (1) each welfare benefit plan sponsored or maintained by the Company, including, without limitation, each life, hospitalization, medical, dental, health, accident or disability insurance or similar plan or program of the Company, and (2) each pension, profit sharing, retirement, deferred compensation or savings plan sponsored or maintained by the Company, in each case, whether now existing or established hereafter, to the extent that the Executive is eligible to participate in any such plan under the generally applicable provisions thereof. With respect to the pension or retirement benefits payable to the Executive, the Executive's service credited for purposes of determining the Executive's benefits and vesting shall be determined in accordance with the terms of the applicable plan or program. Nothing in this Section 3(c), in and of itself, shall be construed to limit the ability of the Company to amend or terminate any particular plan, program or arrangement. For the purposes of defining years of service, the Executive shall be given credit for his/her years of service with Genesis Health Ventures, Inc.

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