ADDITIONAL COMPENSATION AGREEMENT Clause Samples
An Additional Compensation Agreement clause establishes the terms under which an employee or contractor may receive compensation beyond their standard pay. This clause typically outlines the conditions that trigger extra payments, such as achieving specific performance targets, taking on additional responsibilities, or working overtime. Its core function is to provide a clear framework for rewarding extra effort or results, thereby incentivizing performance and ensuring both parties understand when and how additional payments will be made.
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ADDITIONAL COMPENSATION AGREEMENT. At Closing Time, ▇▇▇▇▇▇▇ ▇▇▇▇▇ shall have received the Additional Compensation Agreement, dated as of the Closing Date, as executed by the Investment Adviser. [At Closing Time, [ ] shall have received the [ ] Additional Compensation Agreement, dated as of the Closing Date, as executed by the Investment Adviser.]
ADDITIONAL COMPENSATION AGREEMENT. ADDITIONAL COMPENSATION AGREEMENT (the "Agreement"), dated as of April 28, 2006, between ▇▇▇▇▇▇▇ ▇▇▇▇▇ & Co., ▇▇▇▇▇▇▇ Lynch, Pierce, ▇▇▇▇▇▇ & ▇▇▇▇▇ Incorporated ("▇▇▇▇▇▇▇ ▇▇▇▇▇") and ▇▇▇▇▇▇ Capital Partners L.P. ("▇▇▇▇▇▇").
ADDITIONAL COMPENSATION AGREEMENT. AIM will use commercially reasonable efforts to obtain the termination, effective as of the Effective Time, of such Additional Compensation Agreements that AIM and Heartland mutually determine are necessary for compliance with Section 409A of the Code.