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

  • During the Employment Period, the Employee shall perform such duties and obligations, as may from time to time be assigned to him by the Employer for such compensation as specified in the Compensation Letter set out under Schedule A.

  • Sellers and the Companies also agree to use reasonable best efforts to obtain (i) from each of the employees who is intended to receive a Cash Bonus, an executed and delivered Employee Letter Agreement prior to the Closing Date and (ii) from each of the independent contractors identified in the Compensation Letter, an executed and delivered release contemplated by Section 2.3 prior to the Closing Date.

  • The Compensation Letter sets forth, for each Business Employee, the amount of such Business Employee’s accrued vacation and sick leave as of January 1, 2008.

  • The Company shall compensate the Employee as per the Compensation Letter attached hereto as Annexure 2 (as revised from time to time) for the services of the Employee by this Agreement.

  • You acknowledge that you have had the right to consult with counsel and are fully aware of your rights and obligations under the Compensation Letter and this Amendment Agreement.

  • Except for the amendments set forth in this Amendment Agreement, all of the other terms of the Compensation Letter shall remain in full force and effect.

  • The Grant Date shall be the day the Restricted Stock is purchased for the Director with respect to the period ending the day the 2010 annual meeting of shareholders of the Corporation and with respect to subsequent annual grants within the 30 days following the date the compensation is payable to the Director pursuant to the Compensation Letter.

  • The Compensation Letter as amended by this Amendment Agreement is intended to comply with the requirements of Section 409A.

  • Upon issuance and amendment or extension of any Workers Compensation Letter of Credit, the Agent shall provide a copy of each such Workers Compensation Letter of Credit issued, amended or extended hereunder to each of the Domestic Lenders.

  • In the event that any such Domestic Lender fails to make available to the Agent the amount of such Domestic Lender's participation in such Workers Compensation Letter of Credit, the Agent shall be entitled to recover such amount on demand from such Domestic Lender together with interest as provided for in Section 5.

Related to Compensation Letter

  • 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;

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

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Deferred Compensation Agreement means an agreement to participate and to defer compensation between a Participant and the Company in such form and consistent with terms of the Plan as the Company may prescribe from time to time.

  • Termination Compensation means a monthly cash amount equal to one-twelfth (1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).