Additional Benefits and Compensation Sample Clauses

Additional Benefits and Compensation. During the Term, Executive shall be entitled to:
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Additional Benefits and Compensation. The Board shall provide the Superintendent the following benefits:
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Additional Benefits and Compensation. (a) Employee will be eligible for such fringe benefits, if any, by way of insurance, hospitalization and vacations normally provided to employees of the Company generally and such additional benefits as may be from time to time agreed upon in writing between Employee and the Company.
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Additional Benefits and Compensation. In addition to the compensation set forth above, the Employee shall receive the benefits set forth in the offer letter dated November 8, 1994 to the Employee from Charles E. Bayless, attached hereto as Exxxxxx X, xx xxxx xx x benefit plan to be quantified at a later date, based upon specific performance objectives. Said benefit plan will be consistent with programs in the independent power production industry generally which consider, for example, development fees, carried interest, and equity participation. Until such benefit plan is finalized and implemented, the Employee shall participate in the annual incentive program referenced in item (1) of Exhibit A (the "Incentive Program"). At such time as the benefit plan is finalized and implemented, Employee's participation in the Incentive Program shall cease, provided, however, that Employee shall be entitled to a pro-rata portion of the award otherwise payable to him under the Incentive Program for the year in which his participation terminates, based upon that portion of the year in which he participated in the Incentive Program.
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Additional Benefits and Compensation. In addition to the Base Salary and Incentive Compensation, Executive shall be entitled to all other benefits of employment now or hereafter provided to the other executives of the Company, its operating divisions or subsidiaries, including but not limited to individual health insurance, life insurance and on-premises parking. "Additional compensation" shall include underwriters warrants, equity participations and shares of investment banking deals. A pool shall be established equal to five (5) to fifteen (15) percent of the total of such "additional compensation" for all investment banking deals concluded under the "Olympic Cascade" umbrella, and Executive shall be allocated at least one-third (1/3) of such pool.
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Additional Benefits and Compensation. During the Term, Employee shall be entitled to:
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Additional Benefits and Compensation. Effective as of January 3, 1997, Employee shall no longer participate in the Parent's Short-Term or Long-Term Officer Incentive Plans but instead shall participate in the Company's incentive program set forth on Exhibit A hereto. This modification shall in no way affect or reduce the "Fringe Benefits" itemized on Exhibit B which shall continue in full force and effect for the term of this Agreement. Additionally, notwithstanding Employee's prior capacity as an officer of the Parent, Employee is entitled to a carried interest in the Coors Project at the percentage set forth in Paragraph 3 of Exhibit A; provided, however, Employee acknowledges and agrees that any entitlement to a carried interest with respect to the Coors Project for the years 1995 and 1996 has been satisfied through annual bonus payments for such years. 9.
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Additional Benefits and Compensation 
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Related to Additional Benefits and Compensation

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.

  • ADDITIONAL COMPENSATION AND BENEFITS The Executive shall receive the following additional compensation and welfare and fringe benefits:

  • Compensation Benefits and Reimbursement (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2(b). The Association shall pay Executive as compensation a salary of not less than $_____________ per year ("Base Salary"). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive's Base Salary shall be reviewed at least annually. Such review may be conducted by a Committee designated by the Board, and the Board may increase, but not decrease (except a decrease that is generally applicable to all employees), Executive's Base Salary (any increase in Base Salary shall become the "Base Salary" for purposes of this Agreement). In addition to the Base Salary provided in this Section 3(a), the Association shall provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the Association. Base Salary shall include any amounts of compensation deferred by Executive under qualified and nonqualified plans maintained by the Association.

  • Compensation Benefits In accordance with Section 142 of the State Finance Law, this contract shall be void and of no force and effect unless the Contractor shall provide and maintain coverage during the life of this contract for the benefit of such employees as are required to be covered by the provisions of the Workers' Compensation Law.

  • Compensation Benefits Etc During the Employment Period, the Manager shall be compensated as follows:

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Severance Compensation In the event (i) Employee terminates this Agreement for Good Reason in accordance with Paragraph 11.3 hereof; (ii) Employee is terminated for any reason (except death or disability) upon, or within six months following, a "Change in Management or Control (as such term is defined in Paragraph 11.5 hereof);" or (iii) Employee is terminated without Cause, the Company shall be obligated to pay severance compensation to Employee in an amount equal to his salary compensation (at the rate payable at the time of such termination) for a period of six (6) months from the date of termination. Notwithstanding the foregoing, if Employee is employed by a new employer, or as a consultant after the termination of this Agreement, the severance compensation payable to Employee hereunder shall be reduced by the amount of compensation that Employee actually receives from the new employer, or as a consultant. However, Employee shall have a duty to inform the Company that he has obtained such new employment, and the failure to do so is a material breach of this Agreement. In such event, the Company shall be entitled to (i) cease all payments to Employee under this Paragraph 11.4; and (ii) recover any unauthorized payments to Employee in an action for breach of contract. Notwithstanding anything else in this Agreement to the contrary, solely in the event of a termination upon or following a Change in Management or Control, the amount of severance compensation paid to Employee hereunder shall not include any amount that the Company is prohibited from deducting for federal income tax purposes by virtue of Section 280G of the Internal Revenue Code of 1986, as amended, or any successor provision. In addition to the foregoing severance compensation, the Company shall pay Employee (i) all compensation for services rendered hereunder and not previously paid; (ii) accrued vacation pay; and (iii) any appropriate business expenses incurred by Employee in connection with his duties hereunder and approved pursuant to Section 4 hereof, all through the date of termination. Employee shall not be entitled to any bonus compensation, whether vested or unvested; or any other compensation, benefits or reimbursement of any kind.

  • Compensation Benefits and Expenses During the Term, Company shall compensate Employee for his services as follows:

  • Additional Benefits During the term of this Agreement, the Employee shall be entitled to the following fringe benefits:

  • Employment and Compensation The following terms and conditions will govern the Executive’s employment with the Company throughout the Term.

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