ADMINISTRATIVE COMPENSATION Sample Clauses

ADMINISTRATIVE COMPENSATION. The Dexter Board of Education recognizes that members of the Association serve in a leadership capacity and are therefore entitled to compensation apart from compensation and benefits negotiated by the other District unions. The Board extends this negotiated agreement with the Association for three years commencing July 1, 2019 and ending June 30, 2022. This agreement is designed to provide competitive salaries for all Association members, to encourage stability, and to attract highly qualified administrators. The Board provides a procedure for steady, fair and realistic growth of salaries. Compensation contained in Article VIII is for remuneration for services rendered.
Sample 1Sample 2See All (7)
AutoNDA by SimpleDocs
ADMINISTRATIVE COMPENSATION. In consideration for the rendering of certain administrative activities during the initial operation phase of the Project Facility, the Company shall pay to the General Partner (or its subcontractor), by no later than the initial funding of the construction financing for the Project Facility a one time fee in the amount of Twenty Thousand Dollars ($20,000) (hereinafter "Administrative Compensation"). It is understood and agreed that the Administrative Compensation is intended to compensate the General Partner for its efforts and is in addition to any reimbursement for any and all direct costs incurred by the General Partner on behalf of the Company during the initial operation phase of the Project Facility. The General Partner may contract with or assign to another party, including an Affiliate of Sterling House Corporation, all or a portion of the responsibility for performing such activities.
Sample 1Sample 2
ADMINISTRATIVE COMPENSATION. First Dental shall pay Dentist at the rate per annum shown of the signature page hereof for the administrative and supervisory services rendered to First Dental by Dentist as Consultant. Such annual compensation shall be payable by First Dental to Dentist in installments in accordance with First Dental's standard payroll practices.
Sample 1Sample 2
ADMINISTRATIVE COMPENSATION. The administrator's yearly base salary shall be computed based on years of experience and educational level as if the administrator were a teacher. Experience is understood to be experience in teaching or administrative capacity. The yearly base salary will be divided by 186 to achieve a base daily rate. The base daily rate shall be adjusted for responsibility and educational factors to achieve a daily rate. Persons entering administrative employment with the LakeVille Schools after July 1, 1995 will receive the same base daily rate as a teacher with the same educational and experience level up to the seventh step. After the first year, the experience level shall be increased one year, each year, in the same manner as other administrators. The base daily rate shall be adjusted for supervisory responsibility. Responsibility factors: High School Principal - fifteen per cent (15%), Middle School Principal - ten per cent (10%), High School Associate Principal, High School Assistant Principal, Community Education Consortium Director - five per cent (5%); Elementary Principal for one building -five per cent (5%), + two and one-half per cent (2.5%) for each added building; Curriculum Director - two and one-half per cent (2.5%); Special Education Director, Community Education Director - four per cent (4%); Assistant Elementary Principal - two and one-half per cent (2.5%); Middle School Assistant Principal- three per cent (3%). (Current Curriculum Director as of the ratification of this agreement will receive a six per cent (6%) responsibility factor for the balance of service in this capacity.) Work years for administrative positions: High School Principal, High School Associate Principal, Community Education Consortium Director, two hundred and twenty (220) days; Middle School Principal, two hundred and fifteen (215) days; High School Assistant Principal two hundred and five (205) days; Elementary Principal, Community Education Director two hundred and seven (207) days; Assistant Elementary Principal two hundred and seven (207) days; Middle School Assistant Principal one hundred and ninety five (195) days, Curriculum Director, Special Education Director one hundred and eighty six (186) days. Administrators with educational levels above the MA +30 level, will receive a two per cent (2%) increment at the MA+60/Specialist level and a two per cent (2%) increment at the doctorate level. Administrators employed prior to July 1, 1991, shall not be reduced below the MA +...
Sample 1
ADMINISTRATIVE COMPENSATION. A. ANNUAL BASE SALARY FIGURES: For each year (2019-2020 and 2020-2021), longevity advancements will occur with the start of the individual’s annual contract, upon receiving an effective or higher performance rating on the most recent evaluation.
Sample 1

Related to ADMINISTRATIVE COMPENSATION

  • Cash and Incentive Compensation For clarification, it is understood by all parties that other than as specified herein, the Company is not obligated to award any future grants of stock options or other form of equity compensation to Executive during Executive's employment with the Company.

  • Bonuses and Incentive Compensation During the Employment Term, the Executive shall have opportunities for bonuses and shall have opportunities for incentive compensation comparable to those provided to other senior executives of the Company and shall be eligible to participate in all bonus and incentive compensation plans made available by the Company, from time to time, for its senior executives.

  • Annual Incentive Compensation (a) The Executive shall be eligible to receive annual bonus compensation, if any, as may be determined by, and based on performance measures established by, the Board of Directors upon the recommendation of the Compensation Committee of the Board of Directors (the “Committee”) consistent with the Employer’s strategic planning process, pursuant to any incentive compensation program as may be adopted from time to time by the Board of Directors, based on recommendations by the Committee (an “Annual Bonus”).

  • Executive Compensation Until such time as the Investor ceases to own any debt or equity securities of the Company acquired pursuant to this Agreement or the Warrant, the Company shall take all necessary action to ensure that its Benefit Plans with respect to its Senior Executive Officers comply in all respects with Section 111(b) of the EESA as implemented by any guidance or regulation thereunder that has been issued and is in effect as of the Closing Date, and shall not adopt any new Benefit Plan with respect to its Senior Executive Officers that does not comply therewith. “Senior Executive Officers” means the Company's "senior executive officers" as defined in subsection 111(b)(3) of the EESA and regulations issued thereunder, including the rules set forth in 31 C.F.R. Part 30.

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

  • Recovery of Bonus and Incentive Compensation Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

  • Executive Compensation Plans Executive shall be entitled during the Term to participate, without discrimination or duplication, in executive compensation plans and programs intended for general participation by senior executives of the Bank, as presently in effect or as they may be modified or added to by the Bank from time to time, subject to the eligibility and other requirements of such plans and programs, including without limitation any stock option plans, plans under which restricted stock/restricted stock units, performance-based restricted stock/restricted stock units or performance-accelerated restricted stock/restricted stock units (collectively, “stock plans”) may be awarded, other annual and long-term cash and/or equity incentive plans, and deferred compensation plans. The Bank makes no commitment under this Section 5(a) to provide participation opportunities to Executive in all plans and programs or at levels equal to (or otherwise comparable to) the participation opportunity of any other executive.

  • Bonus Compensation The Executive shall not receive any bonus payment whatsoever pursuant to Section 3.02 or the Bonus Plan except such bonus which is already earned and due to be paid up to and including the Termination Date, notwithstanding any period following the Termination Date during which the Executive may receive any payments or benefits under the terms of the Agreement.

  • Base Salary and Incentive Compensation Executive’s initial annual base salary shall be three hundred nine thousand dollars ($309,000). Executive’s base salary shall be redetermined annually by the Board or a Committee thereof. The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in substantially equal installments on a bi-weekly or more frequent basis. In addition to Base Salary, Executive shall be eligible to receive cash incentive compensation as determined by the Board or a Committee thereof from time to time, and shall also be eligible to participate in such incentive compensation plans as the Board or a Committee thereof shall determine from time to time for employees of the same status within the hierarchy of the Company.

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

Time is Money Join Law Insider Premium to draft better contracts faster.