Salary Guarantee. All salaries payable to the Executive under the Agreement will be guaranteed (the "Guaranteed Payments") as of the effective date of the Agreement for the full Employment Term of the Agreement except for terminations for violations found in Section 7(b), (d) or (e) hereof.
(a) After the initial three year Employment Term of Guaranteed Payments, any additional one year extensions made pursuant to the terms of Section 7(a) will be guaranteed once the notice period for the extension or termination period found in Section 7(a) has passed.
(b) None of the Guaranteed Payments described in this Section shall prevent the Executive from receiving the Termination Benefits described in Section 13 of the Agreement.
(c) All Guaranteed Payments described in this Section and payable to the Executive shall be payable to the Estate of Raymond J. Ohlson xx xxx xxxxx xf death of the Executive.
(d) In the event of any mental disability which renders the Executive unable to fulfill his duties pursuant to Section 1 of this Agreement, all Guaranteed Payments shall be made to Raymond J. Ohlson'x xxxxxx, xxx xxxxrney in fact, his personal representative, his guardian, or any other such person legally specifically listed, to whomever is legally authorized to receive monetary payments due and owing to Raymond J. Ohlson.
(x) Xx xxx xxxnt of any physical disability which renders the Executive unable or unwilling to fulfill his duties pursuant to Section 1 of this Agreement, all Guaranteed Payments shall be made directly to the Executive.
(f) Upon the termination of Executive=s employment for any reason other than pursuant to Section 7(b), (d) or (e) hereof, the Company shall pay to Executive in a lump-sum payment, within thirty (30) calendar days after such termination, the salary received by him on the date of such termination in an amount equal to two (2) years of annual salary.
Salary Guarantee a. A salary level can only be reduced if the employee’s job performance warrants it. If the employer is considering such a reduction, the employee will be informed in writing. The employee will be given the opportunity to improve his/her performance over a period of at least six months. Two months before the expiration of this period, the employer will issue a final warning before proceeding with the salary reduction.
b. As from April 1, the employer guarantees that employees whose assessment over the preceding calendar year was at least “good performer” and who have not yet reached scale position 90 of their salary scale, will be granted an individual salary increase of at least 1.5%.
Salary Guarantee. At no time will any principal be paid less than the highest member of the Waverly Education Association (Step 11 MA+45 …currently $81,922.00).
Salary Guarantee. Where an employee’s salary at the time of signing this agreement is greater than that set out in the schedule in 6 of this agreement, their salary will be maintained and increases applied annually in accordance with section 3.5 taking into account market rates for the position and position in the grade.
Salary Guarantee. Regardless of the length of the Executive's employment by the Company, the Company agrees to pay the Executive at least $380,000 as salary, so long as the Executive's employment is not terminated for Cause and the Executive does not resign without Good Reason. Such guaranteed salary payments are in addition to, and not in lieu of, any payments to which the Executive may become entitled in accordance with Section 7.
Salary Guarantee. All salaries payable to the Executive under the Agreement will be guaranteed (the "Guaranteed Payments") as of the effective date of the Agreement for the full Employment Term of the Agreement except for terminations for violations found in Section 7(b) (c) (d) or (e) hereof.
(a) After the initial three year Employment Term of Guaranteed Payments, any additional one year extensions made pursuant to the terms of Section 7(a) will be guaranteed once the notice period for the extension or termination period found in Section 7(a) has passed.
(b) None of the Guaranteed Payments described in this Section shall prevent the Executive from receiving the Termination Benefits described in Section 13 of the Agreement.
(c) All Guaranteed Payments described in this Section and payable to the Executive shall be payable to the Estate of Xxxxxx X. Xxxxx in the event of death of the Executive.
(d) In the event of any mental disability which renders the Executive unable to fulfill his duties pursuant to Section 1 of this Agreement, all Guaranteed Payments shall be made to Xxxxxx X. Xxxxx'x spouse, his attorney in fact, his personal representative, his guardian, or any other such person legally specifically listed, to whomever is legally authorized to receive monetary payments due and owing to Xxxxxx X.
Salary Guarantee. All salary payable to the Executive under the Agreement ---------------- will be guaranteed (the "Guaranteed Payments") as of the effective date of the Agreement for the full Employment Term of the Agreement except for terminations found in Section 7(b), (d) or (e) hereof.
a. None of the Guaranteed Payments described in this Section 13 shall prevent the Executive from receiving the Termination Benefits described in Section 13 of the Agreement.
b. All Guaranteed Payments described in this Section and payable to the Executive shall be payable to the Estate of Executive and or beneficiary designee in the event of the death of the Executive.
c. In the event of any mental disability which renders the Executive unable to fulfill his duties pursuant to Section 1 of this Agreement, all Guaranteed Payments shall be made to Executive's spouse, his attorney in fact, his personal representative, his guardian, or any other such person legally specifically listed, to whomever is legally authorized to receive monetary payments due and owing to.
d. In the event of any physical disability which renders the Executive unable or unwilling to fulfill his duties pursuant to Section 1 of this Agreement, all Guaranteed Payments shall be made directly to the Executive.
e. Upon the termination of Executive's employment for any reason other than pursuant to Section 7(b), (d), or (e) hereof, the Company shall continue to pay to Executive the salary received by him on the date of such termination for a minimum period of five (5) years following such date of termination, payable on the Company's regular salary payment date.
Salary Guarantee a. A salary level can only be reduced if the employee’s job performance warrants it. If the employer is considering such a reduction, the employee will be informed in writing. The employee will be given the opportunity to improve his/her performance over a period of at least six months. Two months before the expiration of this period, the employer will issue a final warning before proceeding with the salary reduction.
b. As from April 1, the employer guarantees that employees whose assessment over the preceding calendar year was at least “good performer” and who have not yet reached scale position 90 of their salary scale, will be granted an individual salary increase of at least 1.5%.
c. With the introduction of the new salary scales and the new grading method per 1-1-2019, the following transitional arrangements apply: • The minimum of the scale is guaranteed for every employee, being 70% (for grades 10 - 15) and 60% (for grades 16 - 19); • Employee retains the perspective of the old grade in case the new perspective turns out to be lower. In this case, the old maximum of the old salary scale belonging to the old grade is nominally guaranteed until the new perspective (120%) of the new salary scale reaches that level; • Employees who become "overscaled" as a result of the introduction of the new salary scales, retain the right to a collective increase (with the exception of those with a PM score of "No Fit");
Salary Guarantee. All salaries payable to the Executive under the Agreement will be guaranteed (the "Guaranteed Payments") as of the effective date of the Agreement for the full Employment Term of the Agreement except for terminations for violations found in Section 8 (b)(c) or (d) hereof.
(a) All Guaranteed Payments described in this Section and payable to the Executive shall be payable to the Estate of Robert B. Neal in the evenx xx xxxxx of the Executive. After the initial Employment Term of Guaranteed Payments, any additional one year extensions made pursuant to the terms of Section 8(a) will be guaranteed once the notice period for the extension of termination period found in Section 8(a) has passed.
(b) In the event of any mental disability which renders the Executive unable to fulfill his duties pursuant to Section 1 of this Agreement, all Guaranteed Payments shall be made to Robert B. Neal's spouse, his xxxxxxxx xx xxxt, his personal representative, his guardian, or any other such person legally specifically listed, to whomever is legally authorized to receive monetary payments due and owing to Robert B. Neal.
Salary Guarantee. Notwithstanding Paragraph 3(a), above, in the event Company terminates this Agreement for any reason other than just cause, Company shall continue to pay Fabry's salary and provide Fabry's benefits for a period of one (1) year following the date of termination. Just cause for the purposes of this Agreement shall be defined as any of the following (i) failure of Fabry to perform competently any duty assigned to him which nonperformance rises, to the level of the industry standard for just cause termination, (ii) failure of Fabry to perform any provision under this Agreement, or (iii) Fabry's dishonesty or fraud. Company may not terminate this Agreement for just cause under Paragraph 3(d)(i) or 3(d)(ii) without having provided Fabry with written notice of such cause and a period of sixty (60) days to take corrective action. This salary guarantee shall also be personally guaranteed by Ronaxx Xxxxxx Pol.
