Changing remuneration Sample Clauses

The 'Changing remuneration' clause establishes the conditions under which the payment terms or compensation for services or work can be modified during the course of an agreement. Typically, this clause outlines the process for proposing, approving, and implementing changes to remuneration, such as requiring written notice or mutual consent before any adjustments take effect. Its core practical function is to provide a clear and agreed-upon mechanism for adjusting compensation, thereby preventing disputes and ensuring both parties understand how changes to payment will be handled.
Changing remuneration. We may change the remuneration payable in relation to a Service from time to time by sending you a new or replacement Service Schedule unless the Service Schedule requires your consent to that change.
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Related to Changing remuneration

  • Basic Salary For all your services rendered under this Agreement, UO shall pay you a salary at an annual rate of no less than $450,000, or at such higher salary as may be determined by your performance review and the Executive Vice President, Human Resources, Legal & Business Affairs, UPR. Such higher salary shall subsequently be deemed the annual rate, commencing on such date as the Executive Vice President, Human Resources, Legal & Business Affairs, UPR may determine, for purposes of this Agreement.

  • Annual Salary Executive's compensation shall consist of an annual base salary (the "Annual Salary") of one hundred fifty thousand dollars ($150,000), before all customary payroll deductions. The Annual Salary shall be reviewed, and shall be subject to change, by the Board of Directors of Employer (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.

  • Salary No salary will be paid to a Member for the performance of his or her duties under this Agreement unless the salary has been approved in writing by a Majority of the Members.

  • Annual Base Salary During the Term, Executive shall receive a base salary at a rate of $500,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

  • Salary Increases The Employer agrees to pay the negotiated salary increases to every employee not later than the month following the month in which this Agreement is signed and not later than the month following the month in which any subsequent salary increases become effective.