Common use of Base Salary; Bonus; Benefits Clause in Contracts

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.

Appears in 1 contract

Samples: Amended and Restated (Pacer International Inc)

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Base Salary; Bonus; Benefits. (xa) During the Employment Period, the Company (or any of its Affiliates) shall pay the Executive a minimum annual base salary (the "Base Salary") of ----------- $188,130.00275,000, 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. The Executive will also be entitled to vacation under the Company’s vacation 's policy, which shall be but in any event no less than three four (34) weeksweeks vacation per year occurring during the Employment Period. Such vacation shall accrue and may be taken in accordance with the Company’s 's policy in effect from time to time with respect to its executive officers generally, subject to the Company’s '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 vacationrespect. 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 the use of a vehicle provided by the Company or its Affiliate or an equivalent monthly car allowance of $700.00 in accordance with the Company’s 's policy from time to time for similarly situated executivesexecutive officers, in all cases each case subject to the Company’s '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 programs. In addition, the Company at its sole cost and expense shall provide the Executive with reasonable notice and in accordance with applicable lawcustomary legal malpractice insurance coverage.

Appears in 1 contract

Samples: Employment Agreement (Pacer International Inc/Tn)

Base Salary; Bonus; Benefits. (xa) During the Employment Period, the Company (or any of its Affiliates) shall pay the Executive a minimum annual base salary (the “Base Salary”) of $188,130.00225,685.28, 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 '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 '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.

Appears in 1 contract

Samples: Employment Agreement (Pacer International Inc)

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Base Salary; Bonus; Benefits. (xa) During the Employment Period, the Company (or any of its Affiliates) shall pay the Executive a minimum annual base salary (the “Base Salary”) of $ $188,130.00205,880.48, payable in Exhibit 10.49 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 officersemployees. The Base Salary may be increased reviewed periodically or from time to time in by senior management or the sole discretion Board, as part of the BoardCompany’s executive compensation review process or otherwise, and will be subject to adjustment, if any, as determined by the Board (or a Committee thereof or the other officer to which the Board has delegated authority) in its, his or her sole discretion, but in no event shall the Base Salary be reduced during the Employment Period below the minimum amount stated above without the Executive’s consent. The Executive will also be entitled to vacation under and subject to 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 employees generally, subject to the Company’s '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 vacationrespect. 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 '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 lawprograms.

Appears in 1 contract

Samples: Employment Agreement (Pacer International Inc)

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