SPECIFIC COMPENSATION Sample Clauses

SPECIFIC COMPENSATION. The City Manager shall review compensation and order increases or decreases thereto and make initial appointments at any salary within the established range for all Executive positions except City Manager. The City Manager shall report annually to the City Council the compensation status of all such Executives.
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SPECIFIC COMPENSATION. 8.2.1 With effect from this date, in accordance with the terms and subject to the conditions of this Agreement, and notwithstanding any information disclosed to the Buyer under this Agreement or its Annexes, whether prior to this date or in accordance herewith, the Seller agrees to pay the Buyer an amount equal to the Damage suffered by the Company as a result of: (a) a claim for damages by (i) a Company employee performing or having performed inventive and/or creative duties within the Company or (ii) a Company officer, consultant or service provider whom the Company has entrusted with inventive and/or creative duties and/or software development duties, on account of the Company's use, prior to today's date, of creations and/or inventions and/or software developments arising from those duties for which the Intellectual Property Rights had not been lawfully transferred to the Company; (b) the procedure commenced by the Directorate-General for Competition, Consumer Affairs and Repression of Fraud (DGCCRF) which resulted in a report dated 17 February 2014 highlighting misleading commercial practices and price reduction announcements quoting an incorrect reference price; (c) irregularities in the return concerning the contribution on business added value ("cotisation sur la valeur ajoutée des entreprises") filed on 30 April 2015 with respect to the year 2014; (d) the failure to file the single tax form ("imprimé fiscal unique") for the year ended 31 December 2014; (e) the late filing of the DAS2 form for the year ended 31 December 2014; and (f) possible claims by the supplier mentioned in Annex 6.18.4 concerning the Company's breach of its obligations towards that supplier in relation to the period ending on this date. 8.2.2 The amounts owed under Article 8.2.1 will be subject to the limits indicated in Article 8.6. 8.2.3 With effect from today's date, in accordance with the terms and subject to the conditions of this Agreement, and notwithstanding any information disclosed to the Buyer under this Agreement or its Annexes, whether prior to this date or in accordance herewith, the Seller also agrees to pay the Buyer an amount equal to the Damage suffered by the Company as a result of the Company not managing, in the Normal Course of Business, to clear the Stocks within a maximum period of one year as from the Reference Accounts Date and, therefore, not achieving a gross book value for those residual Stocks of a maximum 15% of their gross book value as indicate...
Sample 1
SPECIFIC COMPENSATION. 8.1 Without prejudice to the other rights or remedies of the Joint Lead Managers, the Issuer undertakes to each Joint Lead Manager that if any Joint Lead Manager, or any of its respective holding companies, subsidiaries or affiliates, or any of its or their directors, officers, agents and employees (together with the Joint Lead Managers, each a Relevant Party) incurs any liability, damage, cost, loss or expense (including, without limitation, legal fees, costs and expenses) (a Loss) arising out of, in connection with, or based on: (a) any actual or alleged breach (provided that such alleged breach relates to allegations made by third parties) of the representations and undertakings contained in, or made by the Issuer under, this Agreement and occurred before or as of the Settlement Date; or (b) any untrue or misleading (or allegedly untrue or misleading) statement in, or any omission (or alleged omission) from, the Preliminary Prospectus (in case of the Preliminary Prospectus only until the Prospectus is published) and the Prospectus or any supplement thereto, as applicable, the Issuer shall reimburse each respective Joint Lead Manager on demand in cleared funds for any such Loss actually and reasonably incurred and documented by such Joint Lead Manager, provided that any cost or expense arising out of, in connection with, or based on one or more circumstances stated under letter (a) or (b) above may not be claimed by the respective Joint Lead Manager prior to the respective Joint Lead Manager having in good faith consulted such circumstance(s) with the Issuer. The Joint Lead Managers shall not have any duty or obligation, whether as fiduciary for any Relevant Party or otherwise, to recover any such payment or to account to any other person for any amounts paid to it under this sub-clause 8.1. 8.2 The Issuer will not, however, be responsible for any Loss incurred by any Joint Lead Manager or any other Relevant Party to the extent that they have resulted from such Joint Lead Manager’s, or from the Relevant Party’s, default, negligence, wilful misconduct or fraud (provided, in any case, that they do not result from a breach by the Issuer of its obligations to such Joint Lead Manager or its Relevant Party under the terms of this Agreement). 8.3 In case any action by a third party shall be brought against any Relevant Party in respect of which compensation may be sought from the Issuer under this Clause 8 (an Action), the respective Joint Lead Manager shall pr...
Sample 1
SPECIFIC COMPENSATION. OUESD shall provide OUTA Unit Members the following in regards to adjustments to the salary schedule. a. Effective July 1, 2022 the salary schedule shall be increased by five (5%) percent. Effective July 1, 2023 the salary schedule shall be increased by six (6%) percent. b. A stipend of $1,500 to be added the salary schedule for BCLAD authorization. c. A stipend of $750 for ISP teachers teaching in a SPED setting. d. A stipend $1,000 for SLPs. e. A stipend of $1,000 for ISSC teachers teaching in a SPED setting.
Sample 1

Related to SPECIFIC COMPENSATION

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125.00 per hour.

  • Fixed Compensation Each of the Co-Managers will receive certain additional fixed compensation pursuant to separate agreements with Masterworks, which is not tied specifically to this Offering or to any other specific offering, but a portion of which is deemed to be underwriting compensation for this Offering. Such additional fixed compensation relates to (i) a monthly retainer for administrative support services and (ii) fixed compensation payments to representatives of Arete. $8,224 is a reasonable estimate of costs and expenses referenced in clauses (i) and (ii) above that are appropriately allocated to this Offering.

  • Cash Compensation The Company shall pay to the Executive compensation for his services during the Contract Period as follows:

  • Bonus Compensation During the term hereof, the Executive shall participate in the Company’s Senior Executive Annual Incentive Plan, as it may be amended from time to time pursuant to the terms thereof (the “Plan,” a current copy of which is attached hereto as Exhibit A) and shall be eligible for a bonus award thereunder (the “Bonus”). For purposes of the Plan, the Executive shall be eligible for a Bonus, and the Executive’s specified percentage (the “Specified Percentage”) for such Bonus shall initially be fifty percent (50%) of Base Salary and shall thereafter be established annually by the Board of Directors (the “Board”) or, if the Board delegates the Specified Percentage determination process to a Committee of the Board, by such Committee. In the event the Board or Committee does not approve the Executive’s Specified Percentage within 90 days of the beginning of a fiscal year, such Specified Percentage shall be the same as the immediately preceding year. Whenever any Bonus payable to the Executive is stated in this Agreement to be prorated for any period of service less than a full year, such Bonus shall be prorated by multiplying (x) the amount of the Bonus otherwise earned and payable for the applicable fiscal year in accordance with this Sub-Section 4.2 by (y) a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the applicable fiscal year for which the Executive was employed by the Company. Executive agrees and understands that any prorated Bonus payments will be made only after determination of the achievement of the applicable Performance Measures (as defined in the Plan) in accordance with the terms of the Plan. Any compensation paid to the Executive as Bonus shall be in addition to the Base Salary.

  • Special Compensation The Company shall pay to the Executive a lump sum equal to three times the sum of (a) the highest per annum base rate of salary in effect with respect to the Executive during the three-year period immediately prior to the termination of employment plus (b) the Highest Bonus Amount. Such lump sum shall be paid by the Company to the Executive within ten business days after the Executive's termination of employment, unless the provisions of Section 3(e) below apply. The amount of the aggregate lump sum provided by this Section 3(c), whether paid immediately or deferred, shall not be counted as compensation for purposes of any other benefit plan or program applicable to the Executive.

  • Additional Compensation Notwithstanding anything in this Memorandum of Understanding to the contrary when in the judgment of the Board, it becomes necessary or desirable to utilize the services of County employees in capacities other than those for which they are regularly employed, the Board may authorize and, if appropriate, fix an additional rate of compensation for such employees.

  • Base Compensation The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $76,000 per annum, payable in cash not less frequently than monthly; provided, that the rate of such salary shall be reviewed by the Board of Directors of the Bank not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the Board of Directors in its sole discretion may decide.

  • Salary Compensation As salary compensation for Employee's services hereunder and all the rights granted hereunder by Employee to the Company, the Company shall pay Employee a gross salary of not less than $175,000 during the term of this Agreement. Employee's salary shall be payable in bi-weekly increments in accordance with the Company's payroll practices for salaried employees, upon the condition that Employee fully and faithfully performs Employee's services hereunder in accordance with the terms and conditions of this Agreement. The Company shall deduct and withhold from the compensation payable to Employee hereunder any and all amounts required to be deducted or withheld by the Company under the provisions of any statute, regulation, ordinance, or order and any and all amendments hereinafter enacted requiring the withholding or deducting from compensation payable to employees.

  • Total Compensation Contractor shall include Total Compensation in XXX for each of its five most highly compensated Executives for the preceding fiscal year if: 4.1. The total Federal funding authorized to date under the Award is $25,000 or more; and 4.2. In the preceding fiscal year, Contractor received:

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