SALARY/FRINGE BENEFITS Sample Clauses

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.
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SALARY/FRINGE BENEFITS. The Corporation shall pay to the Employee a base salary of $250,000 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 her 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 a Guaranteed Bonus of $100,000 annually during the term of her employment. Such Guaranteed Bonus shall be paid over the year at the same frequency as your Base Salary. The Employee shall be entitled to vacations and any other fringe benefits during the term of her 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 her Base Salary and Guaranteed Bonus if 100% of goal attainment is achieved. The Employee may be entitled to increases in her Base Salary. The determination of the amount of such increases 2 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. 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.
Sample 1
SALARY/FRINGE BENEFITS. During the term of the Employee's employment under ??s 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, specialities, responsibilities, educational background and other qualifications similar to those of ??e 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 ?? 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.
Sample 1
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.
Sample 1
SALARY/FRINGE BENEFITS. 16.1 - Errors In Pay
Sample 1
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.
Sample 1
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SALARY/FRINGE BENEFITS 
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Related to SALARY/FRINGE BENEFITS

  • Salary and Fringe Benefits The employee shall be paid a salary which is the pro- rata share of the salary which the employee would have earned had he or she not elected to exercise the option of reduced workload. The employee shall retain all other rights and benefits enjoyed by full-time members of the unit.

  • Fringe Benefits During the Employment Period, the Executive shall be entitled to such fringe benefits and perquisites as are provided by the Company to its senior executives from time to time, in accordance with the policies, practices and procedures of the Company, and shall receive such additional fringe benefits and perquisites as the Company may, in its discretion, from time-to-time provide.

  • Fringe Benefit The benefits provided by this Agreement are granted by the Employer as a fringe benefit to the Executive and are not a part of any salary reduction plan or any arrangement deferring a bonus or a salary increase. The Executive has no option to take any current payments or bonus in lieu of the benefits provided by this Agreement.

  • Customary Fringe Benefits Executive will be eligible for all customary and usual fringe benefits generally available to executives of Company subject to the terms and conditions of Company’s benefit plan documents. Company reserves the right to change or eliminate the fringe benefits on a prospective basis, at any time, effective upon notice to Executive.

  • Other Fringe Benefits During the Employment Period, Executive shall be entitled to receive such of the Company’s other fringe benefits as are being provided to other Executives of the Company on the Senior Executive Team.

  • Salary, Bonus and Benefits For services rendered by the Employee on behalf of the Company during the Employment Term, the following salary, bonus and benefits shall be provided to the Employee by the Company: (a) The Company shall pay to the Employee, in equal installments, according to the Company’s then current practice for paying its executive officers in effect from time to time during the Employment Term, the Annual Base Salary. (b) The Employee shall participate in the Sealy Corporation Annual Bonus Plan (the “Bonus Plan”) in accordance with the provisions of that Plan as in effect as of the date of this Agreement based on the Target Annual Bonus Percentage. (c) The Employee shall be eligible for participation in such other benefit plans, including, but not limited to, the Company’s Profit Sharing Plan and Trust, Executive Severance Benefit Plan, Benefit Equalization Plan, Short-Term and Long Term Disability Plans, Group Term Life Insurance Plan, Medical Plan or PPO, Dental Plan, the 401(k) feature of the Profit Sharing Plan and the 1998 Stock Option Plan, as the Board may adopt from time to time and in which the Company’s executive officers are eligible to participate. Such participation shall be subject to the terms and conditions set forth in the applicable plan documents. As is more fully set forth in Section 6 hereof, the Employee shall not be entitled to duplicative payments under this Agreement and the Executive Severance Benefit Plan. (d) Without limiting the generality of Subsection 3(c) above, for so long as such coverage shall be available to the executive officers of the Company, the Employee shall be eligible to participate in the Company’s Group Term Life Insurance Plan with a death benefit to be provided at the level of one and one half (1 ½) times annual base salary at Company expense, plus extended coverage with a death benefit to be provided of at least the level in effect on the date of this Agreement for the Employee under such Plan at the Employee’s discretion and expense. (e) The Employee shall be entitled to take, during each calendar year period during the Employment Term, vacation time equal to four (4) weeks per year. (f) In addition, the Parties do hereby further confirm that any shares of Class A Common Stock of the Company (“Class A Shares”), and any options to purchase additional Class A Shares previously granted to Employee are in addition to, and not in lieu of, any shares or options which may be granted under any other plan or arrangement of the Company after the date of this Agreement, and (b) the various stock agreements and stock option agreements, and any related Stockholder Agreement (the “Stockholder Agreement”) between the Parties (such agreements being hereinafter referred to collectively as the “Pre-existing Agreements”), all remain in full force and effect except as otherwise provided herein. Notwithstanding the foregoing, to the extent that any provision contained herein is inconsistent with the terms of any of the Pre-existing Agreements, the terms of this Agreement shall be controlling.

  • Vacation and Fringe Benefits During the Employment Period, the Executive shall be entitled to paid vacation and fringe benefits at a level that is commensurate with the paid vacation and fringe benefits available to the Executive immediately prior to the Effective Date, or, if more favorable to the Executive, at the level made available from time to time to the Executive or other similarly situated officers at any time thereafter.

  • Retirement, Welfare and Fringe Benefits During the Period of Employment, the Executive shall be entitled to participate in all employee pension and welfare benefit plans and programs, and fringe benefit plans and programs, made available by the Company to the Company’s employees generally, in accordance with the eligibility and participation provisions of such plans and as such plans or programs may be in effect from time to time.

  • Compensation and Fringe Benefits (a) The Company shall, during the Term of Employment, pay to the Executive as compensation for the performance of his duties and obligations a salary of $240,000 per annum. This compensation is subject to annual review and adjustment, as appropriate in the judgment of the Company. The compensation payable pursuant to this Section 5(a) shall be payable in equal semi-monthly installments on the last day of each such pay period. (b) The Executive shall be enrolled and participate in any retirement, group insurance and other fringe benefit plans and arrangements which are applicable to the similarly situated personnel of the Company and in effect from time to time, if the Executive is eligible therefor, in each case in accordance with and subject to the provisions thereof.

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.

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