Compensation Letter definition

Compensation Letter means the letter issued by the Company to the Employee setting out the details and manner of the compensation, as amended from time to time.
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Compensation Letter. Compensation Letter shall mean the letter executed and delivered by Sellers to Purchaser in connection with the execution and delivery of this Agreement and dated the date hereof setting forth the amounts of the Prior Bonus, the Cash Bonus, the Contractor Bonus and certain other information required by Section 3.1(s)(i) with respect to certain employees of the Companies.
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Examples of Compensation Letter in a sentence

  • The Grant Date shall be the day the Restricted Stock is purchased for the Director which date shall be within the 30 days following the date the compensation is payable to the Director pursuant to the Compensation Letter.

  • Pursuant to the terms of the Director's Compensation letter dated July 16, 2004 (the "Compensation Letter"), the Corporation and/or BPPR has agreed to pay the Director certain compensation and the Director has elected to receive such compensation in the form of Restricted Stock.

  • Deferred Compensation Letter from Norcraft Holdings, L.P. to Xxxxx Xxx Xxxxx, dated as of October 21, 2003.

  • Deferred Compensation Letter from Norcraft Holdings, L.P. to Xxxx Xxxxxxx, dated as of October 21, 2003.

  • Deferred Compensation Letter from Norcraft Holdings, L.P. to Xxxxxxx Xxxxxx, dated as of October 21, 2003.

  • Deferred Compensation Letter from Norcraft Holdings, L.P. to Xxxxx Xxxxxxx, dated as of October 21, 2003.

  • Because Instant did not reach both goals in 2011, Borre declined to pay a performance bonus.7In light of the ambiguity in the Compensation Letter and the lack of clarification at trial, the court cannot determine (a) whether the percentages listed under “2011 net income goal” actually reflect the framework for the $120,000 bonus mentioned in the following section of the letter, or (b) whether the Compensation Letter provides for a partial bonus based on the percentages.

  • Deferred Compensation Letter from Norcraft Holdings, L.P. to Xxxxx Xxxxxx, dated as of October 21, 2003.

  • As Borre noted at trial, the language of the Compensation Letter states that Instant must achieve the revenue and the net income goals, not one or the other.

  • Xxxxxxx of a bargaining unit member to respond to the official Leave, Retirement and Unemployment Compensation Letter of Intent or failure to return to work immediately following the expiration of leave shall constitute willful neglect of duty which shall subject the employee to termination.