Base Salary; Bonus; Benefits. (a) During the Employment Period, the Company (or any of its Affiliates) shall pay the Executive a minimum annual base salary (the “Base Salary”) of $158,900.00, payable in such installments (but not less often than monthly) as is generally the policy of the Company with respect to the payment of regular compensation to its executive officers. The Base Salary may be increased from time to time in the sole discretion of the Board. The Executive will also be entitled to vacation under the Company’s vacation policy. Such vacation shall accrue and may be taken in accordance with the Company’s policy in effect from time to time with respect to its executive officers generally, subject to the Company’s right at any time and from time to time to amend, modify, change or terminate such vacation policy in any respect. The Executive will also be entitled to such other benefits as may be made available to other executive officers of the Company generally, including participation in such health, life and disability insurance programs and retirement or savings plans, if any, as the Company may from time to time maintain in effect, in all cases subject to the Company’s right at any time and from time to time to amend, modify, change or terminate in any respect any of its employee and other benefit plans, policies, or programs.
Base Salary; Bonus; Benefits. (a) During the Employment Period, the Company (or any of its Affiliates) shall pay the Executive a minimum annual base salary (the “Base Salary”) of $300,000.00, payable in such installments (but not less often than monthly) as is generally the policy of the Company with respect to the payment of regular compensation to its executive officers. The Base Salary may be increased from time to time in the sole discretion of the Board. The Executive will also be entitled to vacation under the Company’s policy, but in any event no less than four (4) weeks per year occurring during the Employment Period. Such vacation shall accrue and may be taken in accordance with the Company’s policy in effect from time to time with respect to its executive officers generally, subject to the Company’s right at any time and from time to time to amend, modify, change or terminate such vacation policy in any respect. The Executive will also be entitled to such other benefits as may be made available to other executive officers of the Company generally, including participation in such health, life and disability insurance programs and retirement or savings plans, if any, as the Company may from time to time maintain in effect, as well as a monthly car allowance of $1,100.00 in accordance with the Company’s policy from time to time for similarly situated executives, in all cases subject to the Company’s right at any time and from time to time to amend, modify, change or terminate in any respect any of its employee and other benefit plans, policies, or programs.
Base Salary; Bonus; Benefits. (a) During the Employment Period, you will be entitled to a minimum annual base salary (the "Base Salary") of $235,000, payable by Interstate in such installments (but not less often than bi-weekly) as is generally the policy of the Companies with respect to the payment of regular compensation to its executive officers. The Base Salary may be increased from time to time in the sole discretion of Holdings' Board. During the Employment Period, you will also be entitled to the benefits set forth in Part I on Schedule 4(a) attached ------ ------------- hereto, which include four weeks vacation per year and such other benefits as may from time to time be made available to other executive officers of the Companies generally, including, without limitation, (i) participation in such health, life and disability insurance programs and retirement or savings plans as the Companies may from time to time maintain in effect (provided, however, -------- ------- that, during the period ending on the first anniversary of the date hereof (or April 1, 1999, in the case of group health plans), the Companies will not amend or modify, in any manner that would have a materially adverse effect on the benefits made available thereunder, any of the employee benefit plans and programs set forth in Part II on Schedule 4(a) attached hereto that are ------- ------------- maintained by ICI and ICSI required to be maintained by Section 7.6 of the Purchase Agreement; provided further, however, that you may elect to not be -------- ------- ------- covered by the Companies benefit plans by so notifying the Companies, and the Companies shall pay you an amount equal to the benefits cost savings realized by the Company, as reasonably determined by the Companies and you in consultation with the Companies' benefits consultants), (ii) participation in such stock option plans of Holdings as may be adopted from time to time for the executive officers of the Companies on terms determined by the Board of Holdings and (iii) during the Employment Period and for a period of six years thereafter, with respect to your position as a director or officer (as the case may be), directors' and officers' liability insurance. Part III of Schedule 4(a) attached hereto sets forth the benefits made available on the date hereof to the other executive officers of Holdings and its subsidiaries generally.
Base Salary; Bonus; Benefits. (a) During the Employment Period, the Company (or any of its affiliates) shall pay you a minimum annual base salary (the "Base Salary") of $200,000, payable in such installments (but not less often than monthly) as is generally the policy of the Company with respect to the payment of regular compensation to its executive officers. The Base Salary may be increased from time to time in the sole discretion of the Board of Directors of the Company. During the Employment Period, you will also be entitled to four weeks vacation per year and such other benefits as may be made available to other executive officers of the Company generally, including, without limitation, (i) participation in such health, life and disability insurance programs and retirement or savings plans as the Company may from time to time maintain in effect and (ii) the use of a vehicle provided by the Company or an equivalent monthly car allowance in accordance with the Company's policy with respect to its senior executives.
Base Salary; Bonus; Benefits. (a) During the Employment Period, the Company (or any of its Affiliates) shall pay the Executive a minimum annual base salary (the “Base Salary”) of $175,000.00, payable in such installments (but not less often than monthly) as is generally the policy of the Company with respect to the payment of regular compensation to its executive officers. The Base Salary may be increased from time to time in the sole discretion of the Board. The Executive will also be entitled to vacation under the Company’s policy, which will provide for at least three (3) weeks of vacation time. Such vacation shall accrue and may be taken in accordance with the Company’s policy in effect from time to time with respect to its executive officers generally, subject to the Company’s right at any time and from time to time to amend, modify, change or terminate such vacation policy in any respect. The Executive will also be entitled to such other benefits as may be made available to other executive officers of the Company generally, including participation in such health, life and disability insurance programs and retirement or savings plans, if any, as the Company may from time to time maintain in effect, as well as a monthly car allowance of $700.00 in accordance with the Company’s policy from time to time for similarly situated executives, in all cases subject to the Company’s right at any time and from time to time to amend, modify, change or terminate in any respect any of its employee and other benefit plans, policies, or programs.
Base Salary; Bonus; Benefits. (a) During the Employment Period, the Company (or any of its Affiliates) shall pay the Executive a minimum annual base salary (the “Base Salary”) of $300,000, but subject to the Company-wide 10% salary reduction in effect as of the Commencement Date resulting in a minimum Base Salary of $270,000 until such time as the 10% salary reduction is rescinded. Such Base Salary will be payable in such installments (but not less often than monthly) as is generally the policy of the Company with respect to the payment of regular compensation to its executive officers. The Base Salary may be increased from time to time in the sole discretion of the Board. The Executive will also be entitled to four weeks vacation per year under and subject to the Company’s policy. Such vacation shall accrue and may be taken in accordance with the Company’s policy in effect from time to time with respect to its executive officers generally, subject to the Company’s right at any time and from time to time generally to amend, modify, change or terminate such vacation policy in any respect. The Executive will also be entitled to such other benefits as may be made available to other executive officers of the Company generally, including participation in such health, life and disability insurance programs and retirement or savings plans, if any, as the Company may from time to time maintain in effect, as well as a monthly car allowance in accordance with the Company’s policy from time to time for similarly situated executives, in all cases subject to the Company’s right at any time and from time to time generally to amend, modify, change or terminate in any respect any of its employee and other benefit plans, policies, or programs. The Company will reimburse the Executive for the reasonable costs incurred by the Executive for temporary housing in the vicinity of Dublin, OH, until the first to occur of (i) the Executive’s relocation to the Dublin, OH, vicinity and (ii) June 30, 2010. The Company will also reimburse the Executive for the reasonable costs and expenses incurred by the Executive (grossed up to cover any net income tax obligation incurred by the Executive with respect to such reimbursement) to relocate to the Dublin, OH, vicinity subject to and in accordance with the Company’s relocation policy.
Base Salary; Bonus; Benefits. (x) During the Employment Period, the Company (or any of its Affiliates) shall pay the Executive a minimum annual base salary (the “Base Salary”) of $188,130.00, payable in such installments (but not less often than monthly) as is generally the policy of the Company with respect to the payment of regular compensation to its executive officers. The Base Salary may be increased from time to time in the sole discretion of the Board. The Executive will also be entitled to vacation under the Company’s vacation policy, which shall be no less than three (3) weeks. Such vacation shall accrue and may be taken in accordance with the Company’s policy in effect from time to time with respect to its executive officers generally, subject to the Company’s right at any time and from time to time to amend, modify, change or terminate such vacation policy in any respect on reasonable notice. Any such amendment, change or modification will not result in a forfeiture of accrued and unused vacation. The Executive will also be entitled to such other benefits as may be made available to other executive officers of the Company generally, including participation in such health, life and disability insurance programs and retirement or savings plans, if any, as the Company may from time to time maintain in effect, as well as a monthly car allowance of $700.00 in accordance with the Company’s policy from time to time for similarly situated executives, in all cases subject to the Company’s right at any time and from time to time to amend, modify, change or terminate in any respect any of its employee and other benefit plans, policies, or programs upon reasonable notice and in accordance with applicable law.
Base Salary; Bonus; Benefits. Your current base annual salary is $450,000 per year, which is payable in accordance with the Company’s regular payroll practices. Your base salary may be increased by the Board in its sole discretion. You are eligible to earn an annual performance-based bonus with a target amount equal to 50% of your base salary, with the amount earned determined by the Board based on individual and Company performance. In all events, any bonus will be paid not later than March 15 of the year following the year in which your right to such amount became vested. You will be eligible to participate in the employee benefit plans and policies made available to all full time employees from time to time on the terms and conditions of those plans and policies. All compensation payable to you is subject to applicable payroll deductions and withholdings.
Base Salary; Bonus; Benefits. (a) During the Employment Period, the Company (or any of its subsidiaries or other affiliates) shall pay the Employee an annual base salary (the "Base Salary") of Ninety Thousand Dollars ($90,000.00), payable in such installments (but not less often than monthly) as is generally the policy of the Company from time to time with respect to the payment of regular compensation to its executive officers. During the Employment Period, the Employee will be entitled to (i) no less than two (2) weeks vacation per calendar year occurring during the Employment Period, which shall accrue and be taken in accordance with the Company's policy in effect from time to time, and (ii) such other benefits as may be made available from time to time to other executive officers of the Company generally, including, without limitation, participation in such health, life and disability insurance programs and retirement or savings plans, if any, as the Company may from time to time maintain in effect, subject to the Company's rights from time to time to amend, modify, change or terminate in any respect any of its employee benefit plans, policies, programs or benefits.
Base Salary; Bonus; Benefits. (a) During the Employment Period, the Company (or any of its affiliates) shall pay you a minimum annual base salary (the "Base Salary") of $165,000, payable in such installments (but not less often than monthly) as is generally the policy of the Company with respect to the payment of regular compensation to its executive officers. On the first anniversary of the Commencement Date, the Base Salary will be increased to $225,000 per annum, and on the second anniversary of the Commencement Date, the Base Salary will be adjusted to an amount that reflects customary market compensation for a company in the same industry and of comparable size and income as the Company, which Base Salary, as adjusted, shall be agreed upon by you and the Board of Directors of the Company. At all times after the second anniversary of the Commencement Date, increases in the Base Salary, if any, will be determined by the Board of Directors in its sole discretion. During the Employment Period, you will also be entitled to four weeks vacation per year and such other benefits as may be made available to other executive officers of the Company generally, including, without limitation, (i) participation in such health, life and disability insurance programs and retirement or savings plans as the Company may from time to time maintain in effect and (ii) the use of a vehicle provided by the Company or an equivalent monthly car allowance in accordance with the Company's policy with respect to its senior executives.
