Base Stipend Clause Samples
The Base Stipend clause defines the fixed amount of compensation that an individual will receive for their services, regardless of additional performance or variable pay. Typically, this stipend is paid on a regular schedule, such as monthly or biweekly, and serves as the guaranteed minimum payment under the agreement. Its core function is to provide financial certainty and stability for both parties by clearly establishing the baseline pay, thereby reducing ambiguity and potential disputes over compensation.
Base Stipend. The base stipend, for purposes of this agreement shall be the first step of the NKEA Certificated Teacher’s Salary Schedule. The factors listed in the Stipend Schedule are applied to the base stipend (0 years of service/BA+0) to establish the stipend.
Base Stipend. The Corporation agrees to pay to the Director a base stipend at an annual rate of not less than US$35,000 (Thirty Five thousand dollars), payable in accordance with the regular practices of the Corporation. The Director's Base Stipend shall be subject to annual review by the Board (or a committee thereof). The base stipend as determined herein from time to time shall constitute "Base Stipend" for purposes of this Agreement. It is recorded that the Director shall receive the full settlement of his first 2 (two) years’ base stipend through the issue by the Corporation to the Director of an amount of 200,000 (Two hundred thousand) restricted shares of the Corporation’s shares of Common Stock; issued to the Director at Par Value. These shares of the Corporation’s Common Stock shall not be available to be assigned, pledged, sold, lent or in any way alienated for a period of 2 (two) years commencing from the date this Agreement. These shares are restricted under Rule 144 and shall be held “on book” by the Transfer Agent to the Corporation; for an on behalf of the Director. The Director shall not be permitted to request these shares of the Corporation’s Common Stock, in certificated form, until the expiration of the 2 (two) years from the date of their issue to the Director.
Base Stipend. The base salary for the current contract is then multiplied by the percentage total for time and responsibility to determine the base stipend for the position. ((Time Factor + Responsibility Factor) x Base Pay) = Base Stipend
Base Stipend. The Employer shall pay to the Employee a stipend of twenty-thousand U.S. dollars ($20,000) per month from the effective start date of the Term. Half of such stipend ($10,000) shall be paid in cash to Employee, and half of such stipend ($10,000) shall be accrued in mutual agreement to the date of the proposed uplift to NASDAQ or other major exchange, or a major funding round of at least $2 million, whichever occurs earlier.