Cash Compensation Sample Clauses

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank shall continue to pay to him a salary at an annual rate of $[ ], payable in approximately equal installments in accordance with the Bank’s customary payroll practices for senior officers. The Board shall review the Executive’s annual rate of salary at such times during the Employment Period as it deems appropriate, but not less frequently than once every twelve months, and may, in its discretion, approve an increase therein. In addition to salary, the Executive may receive other cash compensation from the Bank for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.
Cash Compensation. As compensation for the performance by the Executive of his/her obligations hereunder, during the Term, the Company shall pay the Executive cash compensation (inclusive of the statutory benefit contributions that the Company is required to set aside for the Executive under applicable law) pursuant to Schedule A hereto, subject to annual review and adjustment by the Board or any committee designated by the Board.
Cash Compensation. The Company will pay Executive a salary at the rate of $280,000 per year (the “Base Salary”), payable in accordance with the Company’s standard payroll schedule. This salary will be subject to adjustment pursuant to the Company’s employee compensation policies in effect from time to time. In addition, Executive will be eligible to be considered for an incentive bonus for each fiscal year of the Company. The bonus (if any) will be awarded based on the achievement of milestones to be established mutually by Executive and the Chief Executive Officer. Executive’s target bonus will be equal to 25% of the Base Salary. Any bonus earned for a fiscal year will be paid within 2 1⁄2 months after the close of that fiscal year, but only if Executive is still employed by the Company at the time of payment. The determinations of the Company with respect to Executive’s bonus will be final and binding.
Cash Compensation. Schedule 3.8(a) contains a complete and accurate list of the names, titles and annual cash compensation as of the Closing Date, including without limitation wages, salaries, bonuses (discretionary and formula) and other cash compensation (the "Cash Compensation") of all employees of the Company. In addition, Schedule 3.8(a) contains a complete and accurate description of (i) all increases in Cash Compensation of employees of the Company during the current fiscal year and the immediately preceding fiscal year and (ii) any promised increases in Cash Compensation of employees of the Company that have not yet been effected.
Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Association shall pay to him a salary at an initial annual rate of FOUR HUNDRED SIXTY TWO THOUSAND DOLLARS ($462,000), payable in approximately equal installments in accordance with the Association's customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive's annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive's annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Association for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.
Cash Compensation. As compensation to the Executive for all services to be rendered in any capacity hereunder, the Company shall, commencing September 9, 2013, pay the Executive an annual base salary of Three Hundred Eighty-Five Thousand Dollars ($385,000.00) per annum, payable no less frequently than bi-weekly ("Base Salary"). The Board may at its discretion review the compensation provisions of this Agreement and shall have the authority to pay an increased Base Salary, or bonus, or other additional compensation to the Executive.
Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank and the Company shall pay to him a salary at an initial annual rate of Four Hundred Thousand Dollars ($400,000), payable in approximately equal installments in accordance with their respective customary payroll practices for senior officers. The Bank's and the Company's respective Boards of Directors shall review the Executive's annual rate of salary at such times during the Employment Period as they deem appropriate, but not less frequently than once every twelve (12) months, and may, in their discretion, approve a salary increase. In addition to salary, the Executive may receive other cash compensation from the Company or the Bank for services hereunder at such times, in such amounts and on such terms and conditions as the Boards of Directors of the Bank and the Company may determine. If the Executive is discharged or suspended, or is subject to any regulatory prohibition or restriction with respect to participation in the affairs of the Bank, he shall continue to perform services for the Company in accordance with this Agreement but shall not directly or indirectly provide services to or participate in the affairs of the Bank in a manner inconsistent with the terms of such discharge or suspension or any applicable regulatory order. The Executive shall commence participation effective November 1, 2001 in the Bank's Annual Incentive Plan with a target incentive of 40% of base salary and in the Bank's Long-Term Incentive Plan with a target incentive of 30% of base salary. Any award actually payable under the Annual Incentive Plan and the Long-Term Incentive Plan shall be a pro-rated amount equal to two-twelfths (rounded to the fourth decimal place, in the case of the Annual Incentive Plan) and thirty three hundred and sixtieths (rounded to the second decimal place, in the case of the Long-Term Incentive Plan) of the award that would have been payable if the Executive had been a participant in the relevant plan for all of 2001.