Total Direct Compensation Sample Clauses

Total Direct Compensation. During the period of the Officer’s employment under this Agreement, the Companies shall pay to the Officer a base salary of not less than $________ per annum; a performance based annual cash award targeted at $_________ and a long-term incentive plan award targeted at $________; provided that the performance based annual cash award and long-term incentive plan award actually paid to the Officer shall be based on the level of attainment of the applicable performance criteria for such awards and in accordance with the plan documents. The actual amount paid to the Officer pursuant to the foregoing three components is referred to in this Agreement as “Total Direct Compensation.” Base Salary shall be paid in either twenty-four (24) or twenty-six (26) equal installments. The amount of Total Direct Compensation shall be reviewed annually in accordance with the normal business practices of the Companies. On or after a Change of Control, any reduction in the targeted amount of the Officer’s performance based annual cash award or targeted long-term incentive plan award shall constitute a material breach of this Agreement by the Companies.
Sample 1
AutoNDA by SimpleDocs
Total Direct Compensation. During the period of the Officer’s employment under this Agreement, the Companies shall pay to the Officer a Base Salary of not less than $__________ per annum; a performance based annual cash award targeted at __% of base salary; and a long-term incentive plan targeted at __% of base salary, the three components being defined as Total Direct Compensation. Base Salary shall be paid in either twenty-four (24) or twenty-six (26) equal installments. The amount of Total Direct Compensation shall be reviewed annually in accordance with the normal business practices of the Companies.
Sample 1
Total Direct Compensation. In consideration of the services to be performed by Employee, Employer agrees to pay Employee a base salary payable in equal installments at the regularly scheduled pay dates of Employer. In addition to base salary, Employee shall be eligible to receive cash bonuses and annual long-term incentive awards as Employer shall determine from time to time at Employer’s discretion and consistent with Employer’s senior executive compensation policies and practices as established by the Board of Directors from time to time and exclusive of the Deferred Compensation Plan contribution described in Section 3(b) (collectively, the “Total Direct Compensation”). Employee’s Total Direct Compensation for Employer’s Fiscal Year 2020 (July 1, 2019 – June 30, 2020) shall be the amounts shown and described on Exhibit 1, which is attached hereto and incorporated herein. Employee’s base salary may be adjusted from time to time in accordance with Employer’s performance review processes and policies, provided that in no event will the amount of Employee’s base salary be reduced.
Sample 1
Total Direct Compensation. During the Term, the Company shall pay Executive an annual salary (the “Base Salary”) and Executive shall be eligible for an annual cash bonus opportunity (an “Annual Bonus”) and an annual long-term incentive opportunity denominated in shares of Company common stock (a “Long-Term Incentive Award” and, together with the Base Salary and Annual Bonus, Executive’s “Total Direct Compensation”), each on terms as described below. During the Term, Executive’s Total Direct Compensation shall be no less than 60% of the total direct compensation (calculated in the same manner as Executive’s Total Direct Compensation) of the Chief Executive Officer of the Company (the “Chief Executive Officer”) and shall be allocated among Executive’s Base Salary, Annual Bonus and Long-Term Incentive Awards in the same proportions as applicable to the Chief Executive Officer.
Sample 1
Total Direct Compensation. In consideration of the services to be performed by Employee, Employer agrees to pay Employee a base salary payable in equal installments at the regularly scheduled pay dates of Employer. In addition to base salary, Employee shall be eligible to receive cash bonuses and annual long-term incentive awards as Employer shall determine from time to time at Employer’s discretion and consistent with Employer’s senior executive compensation policies and practices as established by the Board of Directors from time to time (collectively, the “Total Direct Compensation”). Employee’s Total Direct Compensation for Employer’s Fiscal Year 2017 (July 1, 2016 – June 30, 2017) shall be the amounts shown and described on Exhibit 1, which is attached hereto and incorporated herein. Employee’s base salary may be adjusted from time to time in accordance with Employer’s performance review processes and policies, provided that in no event will the amount of Employee’s base salary be reduced.
Sample 1

Related to Total Direct Compensation

  • 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.

  • 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:

  • Management Compensation As compensation for your services in the management of the offering, we will pay you an amount equal to the management fee specified in the Invitation in respect of the Securities to be purchased by us pursuant to the Purchase Agreement, and we authorize you to charge our account with such amount. If there is more than one Representative, such compensation shall be divided among the Representatives in such proportions as they may determine.

  • 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.

  • 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.

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • Maximum Total Compensation Subsection 10.1 is amended to Increase Decrease the Maximum Total Compensation from $ to $ .

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Payment of Compensation Consultant shall submit to City a monthly itemized statement which indicates work completed and hours of Services rendered by Consultant. The statement shall describe the amount of Services and supplies provided since the initial commencement date, or since the start of the subsequent billing periods, as appropriate, through the date of the statement. City shall, within 30 days of receiving such statement, review the statement and pay all approved charges thereon.

  • Separation Compensation In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the following:

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!