Salary, Bonuses and Benefits. As compensation and consideration for the performance by the Executive of his obligations to the Company under this Agreement, the Executive shall be entitled to the compensation and benefits described in the attached Exhibit A (subject, in each case, to the provisions of ARTICLE 5 hereof).
Salary, Bonuses and Benefits. As compensation and consideration for the performance by Executive of his obligations under this Agreement, Executive shall be entitled to the following (subject, in each case, to the provisions of ARTICLE V hereof):
Salary, Bonuses and Benefits. As compensation and ---------------------------- consideration for the performance by Executive of his obligations under this Agreement, Executive shall be entitled to the following (subject, in each case, to the provisions of Article V hereof):
(a) The Company shall pay Executive a base salary ("Base Salary") during the Term, payable in accordance with the normal payment procedures of the Company and subject to such withholdings and other normal employee deductions as may be required by law, at the rate of not less than $400,000 per annum. The Company agrees to review such compensation (for possible increases, not decreases) not less frequently than annually during the Term.
(b) Executive shall participate during the Term in such pension, life insurance, health, disability and major medical insurance plans, and in such other employee benefit plans and programs, for the benefit of the employees of the Company, as may be maintained from time to time during the Term, in each case to the extent and in the manner available to other executive officers of the Company and subject to the terms and provisions of such plans or programs. Executive confirms that he is aware that the Company or one of its affiliates may seek to obtain for their benefit "key man" insurance covering the Executive and Executive agrees to use his reasonable best efforts (without the incurrence of any unreimbursed out-of-pocket expenses) to cooperate in connection therewith.
(c) Executive shall receive a service bonus equal to 25% of Base Salary (each a "Service Bonus") to be paid promptly after completion of each calendar year of employment during the Term; provided, however, that upon the Executive's termination of employment hereunder, a pro-rated Service Bonus shall be paid to the Executive based on the ratio of (a) the number of days from the later of (i) the Executive's employment commencement date or (ii) January 1 of the year of termination, until the date of termination to (b) 365.
(d) Executive shall participate during the Term in such other bonus plans or programs that are established during the Term for senior management by the Board, with a maximum target annual bonus opportunity for each year during the Term of up to 125% of Executive's Base Salary, which shall be calculated on the basis of achievement of goals set by the Board, which goals may include, without limitation, specific individual goals and/or corporate performance parameters such as revenue, profit, balance sheet ...
Salary, Bonuses and Benefits. During the Term, Executive shall be entitled to the following:
Salary, Bonuses and Benefits. As compensation and consideration for the performance by Employee of his obligations to the Company under this Agreement, Employee shall be entitled to the compensation and benefits described in EXHIBIT A attached hereto and made a part hereof (subject, in each case, to the provisions of Section 5 hereof).
Salary, Bonuses and Benefits. As compensation and consideration for the services to be rendered hereunder during the Term by Executive, the Company shall pay, and Executive shall accept, the following (subject, in each case, to the provisions of Article V hereof):
Salary, Bonuses and Benefits. During the Employment Period, Employer will pay Executive a base salary at the same rate as in effect on the date hereof in accordance with the terms set forth in the Original Senior Management Agreement (the applicable base salary, as may be adjusted pursuant hereto, the “Annual Base Salary”). For fiscal year 2016, Executive shall be eligible for an annual bonus in an amount up to $165,006.00 (subject in its entirety without pro-ration to Executive’s continued employment through the last day of 2016, and if such bonus becomes payable, such bonus will be paid on or before April 30, 2017). For each fiscal year beginning in 2017 and ending during the Employment Period in which Executive remains employed through the last day of such fiscal year, Executive shall be eligible for an annual bonus in an amount up to 50% of Executive’s Annual Base Salary (the “Target Bonus”), and if any Target Bonus becomes payable, such Target Bonus will be paid on or before April 30 of the year following the year for which such Target Bonus is earned. Each annual bonus shall be determined by Employer based upon the performance of Executive and the achievement by Employer and its Subsidiaries of financial, operating and other objectives set by Employer. Each annual bonus shall be paid in the fiscal year following the fiscal year to which the bonus relates. In addition, during the Employment Period, Executive will be entitled to such other benefits as are approved by Employer and made generally available to all senior management of Employer.
Salary, Bonuses and Benefits. During the Employment Period, Employer will pay Executive a base salary at a rate of $335,000 USD per annum (such base salary, as may be adjusted pursuant hereto, provided that such base salary shall not be adjusted downward in nominal terms, the “Annual Base Salary”). With respect to Executive's Annual Base Salary, Executive shall be eligible for any annual salary increases generally provided by the Employer, at the Employer's sole discretion. After the commencement of the Employment Period, Employer shall pay Executive a one-time signing bonus of $75,000 USD (to be provided in accordance with Employer's ordinary course payroll practices). For each fiscal year beginning in 2018 and ending during the Employment Period in which Executive remains employed through the last day of such fiscal year, Executive shall be eligible for an annual bonus in an amount up to 60% of Executive's Annual Base Salary (the “Target Bonus”). Each annual bonus shall be determined by Employer based upon the performance of Executive and the achievement by Employer and its Subsidiaries of financial, operating and other objectives set by Employer. Each annual bonus shall be paid in the fiscal year following the fiscal year to which the bonus relates and the Executive must be employed on the bonus payment date in order to be entitled to receive any bonus. In addition, during the Employment Period, Executive will be entitled to such other benefits as are approved by Employer and made generally available to all senior management of Employer. Within ten (10) days of commencement of the Employment Period, Parent will grant to Executive 90,000 Non-Qualified Stock Options pursuant to the Cision Ltd. 2017 Omnibus Incentive Plan, as in effect and as amended from time to time (the “Plan”). The Committee will establish the exercise price for each grant of Non-Qualified Stock Options, provided that the exercise price for each grant of Non-Qualified Stock Options will be no less than the then-current Fair Market Value of the Parent shares (as such terms are defined in the Plan). If Executive is still employed with the Employer as of August 1, 2019, Parent will grant to Executive an additional amount of Restricted Stock Units equivalent to a then-present value of $800,000 pursuant to the Plan. After 2019, if Executive is still employed with the Employer and at the Parent's sole discretion, Executive shall be eligible for additional performance-based grants of Non-Qualified Stock Options or Restric...
Salary, Bonuses and Benefits. 3.1 The base salary paid to each Sourced Employee as of the Effective Date shall be the same base salary as in effect immediately prior to the Effective Date for such Sourced Employee and shall thereafter include any increases on and after the Effective Date. During the Lease Period, Merck shall pay such base salaries and applicable overtime compensation earned by the Sourced Employees through the Expiration Date in accordance with its normal payroll practices. Medco will reimburse Merck for the payment of such base salaries and overtime compensation in accordance with Section 3.4 below.
Salary, Bonuses and Benefits. As compensation and consideration for the performance by Executive of his obligations under this Agreement, Executive shall be entitled to the following (subject, in each case, to the provisions of Article V hereof):
(a) The Company shall pay Executive a base salary (“Base Salary”) during the Term, payable in accordance with the normal payment procedures of the Company and subject to such withholdings and other normal employee deductions as may be required by law, at the rate of $200,000 per annum. The Company agrees to review such compensation (for possible increases, not decreases) not less frequently than annually during the Term.
(b) Executive shall participate during the Term in such pension, life insurance, health, disability and major medical insurance plans, and in such other employee benefit plans and programs, for the benefit of the employees of the Company, as may be maintained from time to time during the Term, in each case to the extent and in the manner available to other executive officers of the Company and subject to the terms and provisions of such plans or programs. Executive confirms that he is aware that the Company or one of its affiliates may seek to obtain for their benefit “key man” insurance covering the Executive and Executive agrees to use his reasonable best efforts (without the incurrence of any unreimbursed out-of-pocket expenses) to cooperate in connection therewith.
(c) Executive shall be entitled to a paid vacation, in accordance with Company policy (but not necessarily consecutive vacation weeks) during the Term.
(d) During and after the Term the Company agrees that if Executive is made a party, or compelled to testify or otherwise participate in, any action, suit or proceeding, (a “Proceeding”), by reason of the fact that he is or was a director or officer of the Company or any of its subsidiaries, the Executive shall be indemnified by the Company to the fullest extent permitted by Section 145 of the Delaware General Corporation Law or authorized by the Company’s certificate of incorporation or bylaws or resolutions of the Company’s Board against all cost, expense, liability and loss reasonably incurred or suffered by the Executive in connection therewith, and such indemnification shall continue as to the Executive even if he has ceased to be a director or officer of the Company or subsidiary, for the period of any applicable statute of limitations or, if longer, for the period in which any such Proceeding which commence...
