Examples of Senior Executive Personnel in a sentence
The Senior Executive Personnel Additional Benefit Pool shall accrue in an Operating Year and shall be payable in the following Operating Year.
As part of the annual budgeting process, the Operator shall deliver to the City a Schedule of Additional Benefits (as defined below) it proposes to pay to the Senior Executive Personnel, it being understood that each such schedule shall set forth the names of each of the Senior Executive Personnel and the amount of the Additional Benefits compensation budgeted for each Senior Executive Personnel, and the method for calculating the Additional Benefit (the “Schedule of Additional Benefits”).
To the extent the amount of the Senior Executive Personnel Additional Benefit Pool is increased in accordance with Section 7.6.2 or 7.6.3 above, the amount of such withdrawal shall be increased so that the total amount of the Senior Executive Personnel Additional Benefit Pool for such Operating Year shall be paid to the Operator during such Operating Year.
The City is entering into this Agreement with the Operator upon the expectation that the responsibilities of the Operator and the General Manager hereunder are full-time responsibilities, and that the responsibilities of the Operator’s Senior Executive Personnel will be full-time responsibilities.
Compensation to Senior Executive Personnel shall be payable solely from the Senior Executive Personnel Additional Benefit Pool and to the extent the Senior Executive Personnel Additional Benefit Pool is insufficient, such insufficiency shall be paid by the Operator.
An amount equal to one-twelfth of the Senior Executive Personnel Additional Benefit Pool for an Operating Year shall be payable directly to the Operator from the Facilities Operating Account each month.
If the Schedule of Additional Benefits varies from the amount of the Senior Executive Personnel Additional Benefit Pool for such Operating Year by more than 5%, the City and the Operator shall meet to discuss such variance and may mutually agree to amend the amount of the Senior Executive Personnel Additional Benefit Pool set forth in Section 7.6.1 above; provided however, that neither party shall be obligated to agree to any such amendment.
The Operator further covenants and agrees to instruct and direct each of its Senior Executive Personnel that while such person is employed by the Operator at the Facilities during the Operating Term, the employee cannot enter a contract to provide services to, accept employment with, or otherwise perform services for or on behalf of (directly or indirectly), any golf course other than the Golf Courses.
Such compensation shall generally be calculated as a percentage of the lesson fee amount, with the percentage to be determined depending on the experience and certification level of the Senior Executive Personnel member, all as provided in the Operations Manual.
Senior Executive Personnel members who give golf lessons shall be entitled to receive additional compensation from the Operator for golf lessons taught.