Officer Compensation definition

Officer Compensation means, as applied to any Guarantor, the sum of all amounts paid to or for the benefit of such Person and his immediate family by Borrower for (a) salary; (b) bonuses; (c) pension and/or profit-sharing contributions; (d) automobiles, including without limitation automobile allowances, lease and/or installment payments, insurance premiums, repairs and licensing and inspection fees; and (e) country club and other club fees, as set forth on Schedule 1.52 attached hereto.
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Examples of Officer Compensation in a sentence

  • This Award, and any Units delivered and any Distribution Equivalents paid under this Award, is subject to the MPLX LP Officer Compensation Clawback Policy, effective October 2, 2023, and as thereafter in effect from time to time (the “Clawback Policy”), including, but not limited to, forfeiture and other recoupment as may be determined and applied with respect to the Participant and the Award pursuant to the Clawback Policy.

  • The Parties acknowledge that all Cannae Officer Compensation Fees shall be borne at all times exclusively by Cannae Inc.

  • This Award, and any Shares delivered and any Dividend Equivalents paid under this Award, is subject to the Marathon Petroleum Corporation Officer Compensation Clawback Policy, effective October 2, 2023, and as thereafter in effect from time to time (the “Clawback Policy”), including, but not limited to, forfeiture and other recoupment as may be determined and applied with respect to the Participant and the Award pursuant to the Clawback Policy.

  • This Award, and any Performance Share Units vested and any Payout Value paid under this Award, is subject to the Marathon Petroleum Corporation Officer Compensation Clawback Policy, effective October 2, 2023, and as thereafter in effect from time to time (the “Clawback Policy”), including, but not limited to, forfeiture and other recoupment as may be determined and applied with respect to the Participant and the Award pursuant to the Clawback Policy.

  • Pursuant to the recommendation of the Executive Officer Compensation Committee, with such recommendations adopted by the Bank's Board of Directors on July 25, 2007, Bank and Executive wish to amend the Original Agreement as provided in this First Amendment.

  • Corrections Officer: (Compensation schedule as of July 1, 2021 – June 30, 2022) Corrections Sergeant: (Compensation schedule as of July 1, 2021 – June 30, 2022) Patrol Officer: (Compensation schedule as of July 1, 2021 – June 30, 2022) Police Sergeant: (Compensation schedule as of July 1, 2021 – June 30, 2022) ● Eligible members will receive a merit increase (one step advancement) in accordance with Article 24 Section 1 (D).

  • TABLE OF CONTENTS (CONTINUED) PAGE 3.10 Qualified Small Business 25 3.11 Preservation of Corporate Existence 25 3.12 Payment of Taxes 25 3.13 Maintenance of Properties 25 3.14 Compliance with Laws 25 3.15 Regulatory Compliance 26 3.16 Financing 26 3.17 Election of Officers; Officer Compensation 26 3.18 Board of Directors Meetings 26 3.19 Scientific Advisory Board 26 3.20 Replacement of Lost Certificates 26 3.21 Negative Covenants 26 3.22 Termination of Covenants 27 SECTION 4.

  • Such adjustment shall be based on criteria contained in Executive's annual Performance Rating (see copy attached as Exhibit I) as recommended by the person(s) to whom Executive reports and reviewed and approved by the Executive Officer Compensation and Stock Option Committee of the Board and the Board.

  • All Branch operating expenses (including Loan Officer Compensation) will be deducted from the revenue selected above by EMPLOYEE pursuant to this AGREEMENT.

  • Officer Compensation and Personnel Committee WITNESS: EXECUTIVE: /s/ ▇▇▇▇▇▇ ▇.