Base Compensation; Bonus Sample Clauses

Base Compensation; Bonus. (a) For all services rendered by the Employee hereunder, the Company shall pay the Employee an annual salary at the rate of $175,000 for the Employment Term (the “Salary”), plus such additional amounts, if any, as may be approved by the Board, less withholding required by law or agreed to by the Employee, payable in installments at such times the Company customarily pays its other senior officers (but in any event no less often than monthly). The Salary shall be reviewed at least annually by the Board to determine if an increase (but not a decrease) is appropriate, which increase shall be in the sole discretion of the Board. The Employee alone, and not the Company, shall be responsible for the payment of all federal, state and local taxes in respect of the payments to be made and benefits to be provided under this Agreement or otherwise (except to the extent withheld or required to be withheld by the Company).
Sample 1
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Base Compensation; Bonus. As compensation for the services to be rendered by the Employee hereunder, the Company shall pay the Employee a salary at the rate of $175,000 per calendar year in accordance with the Company's normal payroll practices; provided, however, that at the discretion of the Company's board of directors, payment of all or any portion of such salary may from time to time be deferred if the Company does not have sufficient cash/capital to pay it when due in the normal course. Any amount(s) so deferred will cumulate and be payable at such time(s) when the Company has sufficient cash/capital, in the discretion of the Company's board of directors. The Company will review the Employee's compensation from time to time during the term of this Agreement and, at the discretion of the Company's board of directors, may increase [or decrease] the Employee's base compensation based upon his or her performance, the financial condition of the Company, and other relevant factors. In addition, the Company may pay to the Employee such cash bonus(es), if any, as may be determined by the board of directors of the Company from time to time.
Sample 1Sample 2
Base Compensation; Bonus. During the term of your employment hereunder, you will be paid an annual salary at the rate of Two Hundred Twenty Thousand Dollars ($220,000.00) per year, payable in monthly amounts of Eighteen Thousand Three Hundred Thirty-Three Dollars ($18,333.33), prorated for partial months, payable in accordance with Calypte's normal pay periods and practices. During the term hereof, you will be eligible for such salary increases, bonus and other incentive payments as the Board may from time to time determine.
Sample 1
Base Compensation; Bonus. As compensation for the services to be rendered by the Employee hereunder, the Company shall pay the Employee a salary at the rate of $85,000 per calendar year in accordance with the Company's payroll practices. The Company will review the Employee's compensation from time to time during the term of this Agreement and, at the discretion of the president of the Company, in consultation with its board of directors, may increase [or decrease] the Employee's base compensation based upon his or her performance, the financial condition of the Company, and other relevant factors. In addition, the Company may pay to the Employee such cash bonus(es), if any, as may be determined by the board of directors of the Company from time to time.
Sample 1

Related to Base Compensation; Bonus

  • Base Compensation a. The Company and the Bank agree to pay Executive during the term of this Agreement a base salary at the rate of $ per year, payable in accordance with customary payroll practices.

  • Annual Bonus Compensation In addition to your Salary, during the Employment Term you shall be eligible to earn an annual bonus for each whole or partial calendar year during the Employment Term, determined and payable as follows (the “Bonus”):

  • Base Salary and Bonus As compensation for the Executive's services under this Agreement, the Executive shall receive and the Company shall pay a weekly base salary set forth on Exhibit A. Such base salary may be increased but not decreased during the Term or Renewal Period in the Company's discretion based upon the Executive's performance and any other factors the Company deems relevant. Such base salary shall be payable in accordance with the policy then prevailing for the Company's executives. In addition to such base salary, the Executive shall be entitled during the Term or Renewal Period to a performance bonus set forth on Exhibit A and to participate in and receive payments from, at the Company's election, other bonus and other incentive compensation plans, if any, as may be adopted by the Company.

  • Salary; Bonus Executive will receive a salary during the Term of One Hundred and Seventy Thousand ($170,000) per year (“Base Compensation”), pro-rated for partial years, payable at regular intervals in accordance with the Company’s normal payroll practices in effect from time to time. Executive’s Base Compensation will be reviewed annually by the Company’s Board of Directors and Executive will be eligible for consideration for merit-based increases to Base Compensation as determined by the Board of Directors in its sole discretion. In addition to eligibility for consideration of merit-based increases in the discretion of the Board of Directors, Executive’s Base Compensation will be increased effective January 1 of each year during the Term (commencing with January 1, 2017) by three percent (3%) to reflect anticipated increases in cost of living.

  • 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 The Company shall pay to Executive (i) his Base Salary (as in effect as of the date of his termination) and (ii) Incentive Compensation (in an aggregate amount equal to the applicable portion of the cash Incentive Compensation received by the Executive for the most recent fiscal year prior to his termination) as follows: Years of Base Payout Service Salary Incentive Compensation Period Less than one 3 months 25% of the Short Term Incentive Plan award for the most recent full fiscal year prior to termination 3 months One but less than two 6 months 50% of the Short Term Incentive Plan award for the most recent full fiscal year prior to termination 6 months Two but less than three 9 months 75% of the Short Term Incentive Plan award for the most recent full fiscal year prior to termination 9 months Three or More 12 months 100% of the Short Term Incentive Plan award for the most recent full fiscal year prior to termination 12 months To the extent permitted under Code Section 409A, the sum of applicable Base Salary and Incentive Compensation shall be divided into equal monthly payments and paid to the Executive over the applicable Payout Period shown in the table above, depending on the Executive’s years of service at the time of Termination.

  • Salary, Bonus and Benefits During the Employment Period, Employer will pay Executive a base salary (the “Annual Base Salary”) of $165,000 per annum, subject to any increases as determined by the Board based upon the Company’s achievements of budgetary and other objectives set by the Board. For any fiscal year, Executive shall be eligible for an annual bonus of up to 50% of the Executive’s then applicable Annual Base Salary based upon the achievement by the Company, Employer and their Subsidiaries of budgetary and other objectives set by the Board; provided that with respect to the first year for which Executive is eligible for a bonus, such bonus shall be paid on a pro rata basis based upon that portion of the year that remained after the date of this Agreement. In addition, during the Employment Period, Executive will be entitled to such other benefits approved by the Board and made available to the senior management of the Company, Employer and their Subsidiaries.

  • Incentive Bonus Compensation The Executive shall be eligible for incentive bonus compensation for each Fiscal Year in an amount to be determined by the Board of Directors or any committee thereof ("INCENTIVE BONUS 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.

  • Annual Base Compensation The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $335,000 per annum, payable in cash not less frequently than monthly.

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