Alternative Compensation Clause Samples

Alternative Compensation. In the event the obligation of Grantee to compensate the City through Franchise Fee payments is lawfully suspended or eliminated, in whole or part, then Grantee shall pay to the City compensation equivalent to the compensation paid to the City by other similarly situated users of the City's Rights-of-Way for Grantee's use of the City's Rights-of-Way, provided that in no event shall such payments exceed the equivalent of five percent (5%) of Grantee's Gross Revenues (subject to the other provisions contained in this Franchise), to the extent consistent with Applicable Law.

Alternative Compensation. Compensated per policy.

Alternative Compensation. 4 The Board of County Commissioners may adopt and implement a 5 uniform policy whereby employees who transfer or are newly hired into the school 6 based health program are required as a condition of such transfer or hire to sign an 7 agreement accepting the payment of County medical and dental insurance premiums 8 in lieu of government unemployment insurance payments during the period of a 9 limited duration layoff due to summer closure.

Alternative Compensation. In the event the obligation of Grantee to compensate the Grantor through Franchise Fee payments is lawfully suspended or eliminated, in whole or part, then Grantee shall comply with any other Applicable Law related to the right to occupy the Grantor’s Rights-of-Way and compensation therefor.

Alternative Compensation. In the event the obligation of Operator to compensate the City through Franchise Fee payments is lawfully suspended or eliminated in whole or part, then Operator shall pay to the City compensation equivalent to the compensation paid to the City by other similarly situated users of the City’s public Rights-of-Way for Operator’s use of the City’s Rights-of-Way, provided that in no event shall such payments exceed the equivalent of five percent (5%) of Operator’s Gross Revenues (subject to the other provisions contained in this Franchise), to the extent consistent with Applicable Law.

Alternative Compensation. The parties agree to form a joint-labor management committee to explore the creation of an alternative compensation model that recognizes those teachers who consistently produce exemplary results.

Alternative Compensation. In the alternative to Credit Monitoring, Settlement Class members whose name, address, Social Security Number, and/or driver’s license number were accessed (or which may have been accessed) during the Data

Alternative Compensation. As an alternative to Sections 4.A.1 and 2 above, Executive may elect at any time (except as provided below) to be compensated pursuant to the Cash Performance Incentive Plan attached hereto as Appendix A. In the event the Executive shall elect to be compensated pursuant to the Cash Performance Incentive Plan, such election shall be in lieu of the compensation provided in Sections 4.A.1 and 2 above and will continue for the remainder of this Agreement. After making such an election, Executive cannot elect to again be compensated as provided in Sections 4.A.1 and 2 above. This Cash Performance Incentive Plan will be driven by the Company’s FFO and dividend growth. An election pursuant to this Section 4.A.3 shall be made in the form satisfactory to the Company and shall be effective for the first calendar year beginning after the date the election is received by the Company. Any payment made under the Cash Performance Incentive Plan Annual Incentive Award will be paid by the Company on or before March 15th following the end of the year for which such payment is being made.

Alternative Compensation. In the event the Chief Executive Officer determines that the Company cannot afford to pay Executive any portion of Minimum Income Guarantee, Executive may, at his sole option elect one of the following: (a) Elect to receive compensation from the company thru immediate divesture or sales of Company assets so as to satisfy any balance owed for the income guarantee in section 2.4. (b) Agree to defer receipt of his Base Salary until such time as the Company has the funds to pay him. In the event that Executive elects this option, the unpaid salary shall be paid with no interest. However, the Company, as additional compensation, shall immediately issue Executive an amount of Common Stock equal to 20% of the deferred Salary based upon a market value determined to be the average 30-day trading price prior to each such election; or (c) Elect to convert all, or a portion of the unpaid Salary into the Company’s common stock (the “Common Stock”) at a market value equal to 80% of the average 30-day trading price prior to each election.