COMPENSATION AND definition

COMPENSATION AND. BENEFITS The Bank shall pay or provide to Executive the following items as compensation for his services hereunder: (i) A base salary of $150,000 per year, payable in monthly installments, which base salary may be increased from time to time in accordance with normal business practices of the Bank; and (ii) A grant of stock options to purchase 9,000 shares of Company Class A Common Stock under the Company's 1996 Long-term Incentive Plan (the "1996 Plan") with an exercise price per share equal to the "fair market value" of one share of Company Common Stock on the date that the options are granted. Fair market value shall be determined with respect to the closing "asked" price of the shares in the over-the-counter market on the day on which such value is to be determined (or as otherwise specified in the 1996 Plan). Such options will vest ratably over four years. Such grant will be made concurrently with the Company's next regularly scheduled grant of stock options, and not later than 60 days after the Effective Date.
View Source

Examples of COMPENSATION AND in a sentence

  • WORKERS’ COMPENSATION AND GENERAL LIABILITY INSURANCE, AND INDEMNIFICATION 9 SECTION 8.

  • COMPENSATION AND METHOD OF PAYMENT: The Contractor shall be paid by Virginia Tech in accordance with the Contract Documents.

  • COMPENSATION AND ALLOWABLE PAYMENTS, all payments are reimbursements for eligible expenses or services defined as uncompensated expenses rendered during the Agreement term and paid prior to the final payment request due date.

  • PERCENTAGES FOLLOWING FAACS TEAM NAMES INDICATE EACH TEAM'S AGGREGATE COMPENSATION AND BENEFITS PERCENTAGE BILLABLE TO THE FUNDS.

  • The Lessor warrants for the financial consequences resulting from civil responsibility that he/she may incur in his role as owner.

  • HOWEVER, THE ARBITRATOR’S COMPENSATION AND OTHER FEES AND COSTS UNIQUE TO ARBITRATION SHALL IN ALL EVENTS BE PAID BY THE CORPORATION.

  • FAR 52.204-10, REPORTING EXECUTIVE COMPENSATION AND FIRST-TIER SUBCONTRACT AWARDS (Applicable if over $30,000 total contract value.) 3.

  • AN INSURANCE CERTIFICATE IN COMPLIANCE WITH PROVISIONS OF ITEM 31 (INSURANCE) OF THE GENERAL CONDITIONS OF PURCHASE IS REQUIRED FOR COMPREHENSIVE GENERAL LIABILITY, AUTOMOBILE LIABILITY, AND WORKERS' COMPENSATION AND MUST BE SUBMITTED BY THE SUCCESSFUL BIDDER(S) TO THE DIVISION OF PURCHASES PRIOR TO AWARD.

  • COMPENSATION AND METHOD OF PAYMENT: The Contractor shall be paid by Virginia Tech in accordance with the contract documents.

  • STOCK OPTIONS, AND INCENTIVE COMPENSATION, AND OTHER COMPENSATION PLANS AND PROGRAMS.

Related to COMPENSATION AND

  • Compensation and Benefits Programs means all compensation and benefit plans, policies, and programs of the Debtors, and all amendments and modifications thereto, applicable to the Debtors’ employees, former employees, retirees, and non-employee directors and the employees, former employees and retirees of their subsidiaries, including all savings plans, retirement plans, health care plans, disability plans, and incentive plans, deferred compensation plans, and life, accidental death, and dismemberment insurance plans.

  • Compensation means all base straight time gross earnings and commissions, exclusive of payments for overtime, shift premium, incentive compensation, incentive payments, bonuses and other compensation.

  • Compensation Plans shall have the meaning set forth in Section 3.11(b).

  • Compensation and Benefit Plans has the meaning set forth in Section 5.03(m).

  • Compensation Arrangement means any direct or indirect compensatory payment or other financial agreement, arrangement or understanding with any person or entity other than the Corporation, including any agreement, arrangement or understanding with respect to any direct or indirect compensation, reimbursement or indemnification in connection with candidacy, nomination, service or action as a nominee or as a director of the Corporation;