SALARY/FRINGE BENEFITS. Section 17.1 - Errors In Pay Any errors in computation of the wages of employees shall be corrected as soon as possible upon discovery of the error.
SALARY/FRINGE BENEFITS. During the term of Employee's employment under this Agreement, in consideration for all services rendered for and on behalf of the Company, Employee shall be entitled to receive a salary at the annual rate of $255,000, payable in accordance with the Company's regular payroll practices in effect from time to time. The Employee's salary will be subject to periodic review by the Company's Board of Directors, and the Company may, in its sole and absolute discretion, but shall not be required to, determine to increase the Employee's salary from time to time. In addition to the Employee's salary, the Employee will also be entitled to fringe benefits comparable to those which the Company provides to other physician employees having tenure, experience, specialties, responsibilities, educational background and other qualifications similar to those of the Employee.
SALARY/FRINGE BENEFITS. During the term of the Employee's employment ----------------------- under this Agreement, in consideration for all services rendered for and on behalf of the Company, the Employee shall be entitled to receive a salary at the annual rate of $250,000 payable in accordance with the Company's regular payroll practices in effect from time to time. In addition to the Employee's salary, the Employee will also be entitled to fringe benefits comparable to those which the Company provides to other physician employees having tenure, experience, specialties, responsibilities, educational background and other qualifications similar to those of the Employee. The Employee's hours shall be reasonable and comparable to other like physicians in similar positions within the Company. Employee shall be eligible to receive an annual award of options to purchase 10,000 shares (to be appropriately adjusted for stock dividends, splits, etc.), or such other amount as determined by the Board of Directors of AmeriPath, of AmeriPath common stock, in accordance with the terms and provisions of AmeriPath's Stock Option Plan. Such awards of stock options shall be based on the achievement of certain EBIT targets referenced in the Purchase Agreement and shall be subject to the discretion of AmeriPath's Board of Directors; however, if AmeriPath's Board of Directors does approve the grant, Employee shall receive his designated share of stock options.
SALARY/FRINGE BENEFITS. The Corporation shall pay to the Employee a base salary of $175,000 per year ("Base Salary", which may be increased from time to time in writing), payable in at least equal monthly payments during the term of his employment by the Corporation, the specific payment terms of which shall be determined by the Corporation. The Corporation may deduct from the Employee's Base Salary all amounts which are required or permitted to be so deducted under applicable law (including, but not limited to, Social Security contributions and income tax withholdings). The Employee shall be entitled to vacations and any other fringe benefits during the term of his employment per corporate policy. The Employee may only take vacations at times mutually agreed upon by the Corporation and the Employee. Normal vacation planning and scheduling will not be unreasonably withheld. The Employee may be entitled to receive bonuses based on fifty percent (50%) of his Base Salary if 100% goal attainment is achieved. The Employee may be entitled to increases in his Base Salary. The determination of the amount of such increases in Base Salary, if any, and the time and method of payment of such increases shall be at the sole discretion of the board of directors of the Corporation. 2 The Employee may exercise any stock options granted to the employee at any time regardless of whether the options have vested. Until such options have vested in accordance with the terms of the stock option grant, SystemSoft shall have the right to purchase the shares of stock issued pursuant to the exercise of the grant at the price paid by the Employee.
SALARY/FRINGE BENEFITS. During the term of Employee's employment under this Agreement, in consideration for all services rendered for and on behalf of the Company, Employee shall be entitled to receive a salary at the annual rate of $400,000 (subject to adjustment as described in Section 6.6 of the Purchase Agreement), payable in accordance with the Company's regular payroll practices in effect from time to time. The Employee's salary will be subject to periodic review by the Company's Board of Directors, and the Company may, in its sole and absolute discretion, but shall not be required to, determine to increase the Employee's salary from time to time. In addition to the Employee's salary, the Employee will also be entitled to fringe benefits comparable to those which the Company provides to other physician employees having tenure, experience, specialties, responsibilities, educational background and other qualifications similar to those of the Employee. Annex B sets forth the fringe benefits currently being provided. Such Annex is subject to change on a Company-wide basis at the Company's sole discretion.
SALARY/FRINGE BENEFITS. During the term of the Employee’s employment under this Agreement, in consideration for all services rendered for and on behalf of the Company, the Employee shall be entitled to receive a salary at the annual rate of $225,000, payable in accordance with the Company’s regular payroll practices in effect from time to time. In addition to the Employee’s salary, the Employee will also be entitled to fringe benefits (including medical and retirement benefits) comparable to those which the Company provides to other physician employees having tenure, experience, specialties, responsibilities, educational background and other qualifications similar to those of the Employee. The Employee’s hours shall be reasonable and comparable to other like physicians in similar positions within the Company.
SALARY/FRINGE BENEFITS
