Common use of Cash Compensation Clause in Contracts

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Company shall pay to him or her a salary at an initial annual rate of THREE HUNDRED SEVENTY FIVE THOUSAND DOLLARS ($375,000), payable in approximately equal installments in accordance with the Company'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 Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Appears in 2 contracts

Samples: Employment Agreement (Astoria Financial Corp), Employment Agreement (Astoria Financial Corp)

AutoNDA by SimpleDocs

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Company Bank shall pay to him or her a salary at an initial annual rate of THREE FIVE HUNDRED SEVENTY THIRTY FIVE THOUSAND DOLLARS ($375,000535,000.00), payable in approximately equal installments in accordance with the Company's Bank’s customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive's ’s annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive's ’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 Company 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.

Appears in 2 contracts

Samples: Employment Agreement (Astoria Financial Corp), Employment Agreement (Astoria Financial Corp)

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Company shall pay to him or her a salary at an initial annual rate of THREE TWO HUNDRED SEVENTY FIVE THOUSAND DOLLARS ($375,000275,000), payable in approximately equal installments in accordance with the Company'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 Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Appears in 1 contract

Samples: Employment Agreement (Astoria Financial Corp)

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Company shall pay to him or her a salary at an initial annual rate of THREE EIGHT HUNDRED SEVENTY TWENTY FIVE THOUSAND DOLLARS ($375,000825,000), payable in approximately equal installments in accordance with the Company'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 Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Appears in 1 contract

Samples: Employment Agreement (Astoria Financial Corp)

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Company shall pay to him or her a salary at an initial annual rate of THREE HUNDRED SEVENTY FORTY FIVE THOUSAND DOLLARS ($375,000345,000), payable in approximately equal installments in accordance with the Company'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 Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Appears in 1 contract

Samples: Employment Agreement (Astoria Financial Corp)

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Company Association shall pay to him or her a salary at an initial annual rate of THREE EIGHT HUNDRED SEVENTY TWENTY FIVE THOUSAND DOLLARS ($375,000825,000), payable in approximately equal installments in accordance with the CompanyAssociation'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 Company 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.

Appears in 1 contract

Samples: Employment Agreement (Astoria Financial Corp)

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Company Bank shall pay to him or her a salary at an initial annual rate of THREE NINE HUNDRED SEVENTY FIVE SIXTY THOUSAND DOLLARS ($375,000960,000.00), payable in approximately equal installments in accordance with the Company's Bank’s customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive's ’s annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive's ’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 Company 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.

Appears in 1 contract

Samples: Employment Agreement (Astoria Financial Corp)

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Company Association shall pay to him or her a salary at an initial annual rate of THREE HUNDRED SEVENTY FIVE THOUSAND AND NO/100 DOLLARS ($375,000305,000.00), payable in approximately equal installments in accordance with the Company's Association’s customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive's ’s annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive's ’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 Company 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.

Appears in 1 contract

Samples: Employment Agreement (Astoria Financial Corp)

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Company shall pay to him or her a salary at an initial annual rate of THREE HUNDRED SEVENTY FIVE THOUSAND AND NO/100 DOLLARS ($375,000$ 300,000.00), payable in approximately equal installments in accordance with the Company's ’s customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive's ’s annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive's ’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 Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Appears in 1 contract

Samples: Astoria Financial Corporation Employment Agreement (Astoria Financial Corp)

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Company shall pay to him or her a salary at an initial annual rate of THREE HUNDRED SEVENTY FIVE THOUSAND AND NO/100 DOLLARS ($375,000$ 305,000.00), payable in approximately equal installments in accordance with the Company's ’s customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive's ’s annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive's ’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 Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Appears in 1 contract

Samples: Astoria Financial Corporation Employment Agreement (Astoria Financial Corp)

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Company shall pay to him or her a salary at an initial annual rate of THREE FOUR HUNDRED SEVENTY FIVE TEN THOUSAND DOLLARS ($375,000410,000), payable in approximately equal installments in accordance with the Company'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 Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Appears in 1 contract

Samples: Employment Agreement (Astoria Financial Corp)

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Company shall pay to him or her a salary at an initial annual rate of THREE FOUR HUNDRED SEVENTY FIVE NINETY EIGHT THOUSAND DOLLARS ($375,000498,000), payable in approximately equal installments in accordance with the Company'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 Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Appears in 1 contract

Samples: Employment Agreement With Executive Officer (Astoria Financial Corp)

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Company Association shall pay to him or her a salary at an initial annual rate of THREE HUNDRED SEVENTY FIVE THOUSAND AND NO/100 DOLLARS ($375,000300,000.00), payable in approximately equal installments in accordance with the Company's Association’s customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive's ’s annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive's ’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 Company 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.

Appears in 1 contract

Samples: Employment Agreement (Astoria Financial Corp)

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Company Bank shall pay to him or her a salary at an initial annual rate of THREE SIX HUNDRED SEVENTY TWENTY-FIVE THOUSAND DOLLARS ($375,000625,000.00), payable in approximately equal installments in accordance with the Company's Bank’s customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive's ’s annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive's ’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 Company 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.

Appears in 1 contract

Samples: Employment Agreement (Astoria Financial Corp)

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Company shall pay to him or her a salary at an initial annual rate of THREE FOUR HUNDRED SEVENTY FIVE FIFTY THOUSAND DOLLARS ($375,000450,000.00), payable in approximately equal installments in accordance with the Company's ’s customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive's ’s annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive's ’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 68243715v4 of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Appears in 1 contract

Samples: Employment Agreement (Astoria Financial Corp)

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Company Association shall pay to him or her a salary at an initial annual rate of THREE FOUR HUNDRED SEVENTY SIXTY FIVE THOUSAND DOLLARS ($375,000465,000), payable in approximately equal installments in accordance with the CompanyAssociation'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 Company 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.

Appears in 1 contract

Samples: Employment Agreement (Astoria Financial Corp)

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Company shall pay to him or her a salary at an initial annual rate of THREE FOUR HUNDRED SEVENTY FIVE THOUSAND DOLLARS ($375,000400,000), payable in approximately equal installments in accordance with the Company's ’s customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive's ’s annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive's ’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 Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Appears in 1 contract

Samples: Employment Agreement (Astoria Financial Corp)

AutoNDA by SimpleDocs

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Company shall pay to him or her a salary at an initial annual rate of THREE FOUR HUNDRED SEVENTY FIVE SIXTY TWO THOUSAND DOLLARS ($375,000462,000), payable in approximately equal installments in accordance with the Company'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 Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Appears in 1 contract

Samples: Employment Agreement (Astoria Financial Corp)

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Company shall pay to him or her a salary at an initial annual rate of THREE FOUR HUNDRED SEVENTY SIXTY FIVE THOUSAND DOLLARS ($375,000465,000), payable in approximately equal installments in accordance with the Company'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 Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Appears in 1 contract

Samples: Employment Agreement (Astoria Financial Corp)

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Company Association shall pay to him or her a salary at an initial annual rate of THREE FIVE HUNDRED SEVENTY FIVE FORTY FOUR THOUSAND DOLLARS ($375,000544,000), payable in approximately equal installments in accordance with the CompanyAssociation'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 Company 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.

Appears in 1 contract

Samples: Employment Agreement (Astoria Financial Corp)

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Company Association shall pay to him or her a salary at an initial annual rate of THREE FOUR HUNDRED SEVENTY FIVE THOUSAND AND NO/100 DOLLARS ($375,000400,000.00), payable in approximately equal installments in accordance with the Company's Association’s customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive's ’s annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive's ’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 Company 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.

Appears in 1 contract

Samples: Astoria Federal Savings and Loan Association Employment Agreement (Astoria Financial Corp)

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Company shall pay to him or her a salary at an initial annual rate of THREE FIVE HUNDRED SEVENTY FIVE FORTY FOUR THOUSAND DOLLARS ($375,000544,000), payable in approximately equal installments in accordance with the Company'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 Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Appears in 1 contract

Samples: Employment Agreement (Astoria Financial Corp)

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Company shall pay to him or her a salary at an initial annual rate of THREE EIGHT HUNDRED SEVENTY FIVE TEN THOUSAND DOLLARS ($375,000810,000), payable in approximately equal installments in accordance with the Company'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 Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Appears in 1 contract

Samples: Employment Agreement (Astoria Financial Corp)

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Company Association shall pay to him or her a salary at an initial annual rate of THREE FOUR HUNDRED SEVENTY FIVE SIXTY TWO THOUSAND DOLLARS ($375,000462,000), payable in approximately equal installments in accordance with the CompanyAssociation'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 Company 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.

Appears in 1 contract

Samples: Employment Agreement (Astoria Financial Corp)

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Company shall pay to him or her a salary at an initial annual rate of THREE TWO HUNDRED SEVENTY FIVE TWELVE THOUSAND DOLLARS ($375,000212,000), payable in approximately equal installments in accordance with the Company'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 Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Appears in 1 contract

Samples: Employment Agreement (Astoria Financial Corp)

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Company Bank shall pay to him or her a salary at an initial annual rate of THREE FOUR HUNDRED SEVENTY FIVE FIFTY THOUSAND DOLLARS ($375,000450,000.00), payable in approximately equal installments in accordance with the Company's Bank’s customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive's ’s annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive's ’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 Company 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.

Appears in 1 contract

Samples: Employment Agreement (Astoria Financial Corp)

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Company shall pay to him or her a salary at an initial annual rate of THREE FOUR HUNDRED SEVENTY FIVE THOUSAND AND NO/100 DOLLARS ($375,000$ 400,000.00), payable in approximately equal installments in accordance with the Company's ’s customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive's ’s annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive's ’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 Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Appears in 1 contract

Samples: Astoria Financial Corporation Employment Agreement (Astoria Financial Corp)

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Company Association shall pay to him or her a salary at an initial annual rate of THREE FOUR HUNDRED SEVENTY FIVE NINETY EIGHT THOUSAND DOLLARS ($375,000498,000), payable in approximately equal installments in accordance with the CompanyAssociation'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 Company 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.

Appears in 1 contract

Samples: Employment Agreement (Astoria Financial Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.