Compensation and Bonuses. Made any payments of any bonuses or compensation other than regular salary payments, or increase in the salaries, or payment on any of its debts in the Ordinary Course of Business, to any of its shareholders, directors, officers, employees, independent contractors or consultants or entry into by it of any employment, severance, or similar contract with any director, officer, or employee, independent contractor or consultant; Adopted, or increased in the payments to or benefits under, any profit sharing, bonus, deferred compensation, savings, insurance, pension, retirement, or other employee benefit plan for or with any of its employees;
Compensation and Bonuses. Made any payments of any bonuses or compensation other than regular salary payments, or increase in the salaries, or payment on any of its debts in the Ordinary Course of Business, to any of its shareholders, directors, officers, employees, independent contractors or consultants or entered into any employment, severance, or similar contract with any director, officer, or employee, independent contractor or consultant; adopted, or increased the payments to or benefits under, any profit sharing, bonus, deferred compensation, savings, insurance, pension, retirement, or other employee benefit plan for or with any of its employees;
Compensation and Bonuses. (a) During the Term of Employment, the Employer shall pay the Executive a salary at an annual rate of U.S. $120,000.00 (One Hundred Twenty Thousand U.S. dollars (the Base Salary). The Base Salary will be payable in monthly installments of ($10,000) Ten Thousand U.S. Dollars on the 1st day of each month commencing on the starting date of the Agreement.
Compensation and Bonuses. The Company will pay the Employee for his/her services at a base rate equal to $130,000.00 gross per year, paid on the 5th of each month with the proper payroll taxes deducted. The Company and Employee agree to review this salary on an annual basis or if a significant event, such as a merger, acquisition or other significant business event takes place. Said reviews will entail a comparison of similar positions in the marketplace to ensure that the salary is comparable to other companies. Employee will be compensated for wages earned, Schedule A, since STLK is acquiring Employee’s current Employer. These wages will be paid when possible and up to 50% may be paid with a convertible note with a 50% discount. Employee must elect this convertible note option by December 31st, 2012.
Compensation and Bonuses. Upon execution and delivery of this Agreement by Employee, Employer shall initially pay to Employee a signing bonus in the gross amount of Fifty Thousand Dollars ($50,000.00). Employer shall pay Employee an annual base salary of Two Hundred Thousand Dollars ($200,000.00), payable in equal installments, not less than monthly during the term of her employment, together with bonuses to be determined as follows:
Compensation and Bonuses a. As compensation for the services to be rendered by Consultant under this Agreement, the Company will provide the following compensation and benefits to Consultant. The Company will pay Consultant the amount of Ten Thousand Dollars ($10,000) per month with payment received not later than the 10th day of each month.
Compensation and Bonuses a. In consideration of the services rendered by Executive to or as directed by Company, Company agrees to pay Executive during the Term a base salary equal to $150,000.00 per year (the “Base Salary”), subject to increase from time to time by the action of the Board of Directors of Company. Said base salary shall be paid to Executive in 26 equal bi-weekly installments or in accordance with any other reasonable policy established from time to time by Company in respect to payment of salary to its executive employees generally, subject only to such payroll and withholding deductions as may be required by law and other deductions applied generally to executives of Company for insurance and other Executive benefit plans. The Base Salary payable pursuant to this Subsection 3a shall be exclusive of (i) any bonus payable to Executive pursuant to Section 3b or Section 3c hereof; (ii) any discretionary bonus or other compensation approved by the Board of Directors of Company; and (iii) any benefits to which Executive shall be entitled pursuant to Section 4 of this Agreement.
Compensation and Bonuses. None of the Companies shall increase the formula in the compensation payable or to become payable to any officers, or make any bonus payment or arrangement to or with any officer, except for the formula as existed during SCC and each Subsidiary's last fiscal or calendar year, adopt or amend any Benefit Plan, or enter into any employment contract or collective bargaining agreement (other than offer letters and letter agreements entered into in the ordinary course of business consistent with past practice with employees who are terminable "at will"), pay any special bonus or special remuneration to any officer, director or employee, or increase the salaries or wage rates or fringe benefits (including rights to severance or indemnification) of its directors, officers, employees or consultants other than in the ordinary course of business, consistent with past practice. Nothing herein shall be construed to prohibit AFC from paying retention bonuses to any employees of the Companies as AFC shall, in its sole discretion, deem appropriate.
Compensation and Bonuses. Notwithstanding any other provision of this Agreement, Sellers acknowledge and agree that any stay or deal or similar bonuses that are not regular bonuses for 2018 shall be paid in accordance with the terms of the agreements (as they 21471555v.18 exist on the date hereof). All other compensation for employees of Sellers and regular bonuses relating to any period prior to the Effective Date shall be paid as of or prior to the Closing Date or accrued by Sellers and included on the Closing Balance Sheet (as finally determined in accordance with Section 7.10), and under no circumstances shall Buyer be responsible for paying any compensation and/or bonuses for any period prior to the Effective Date other than as included in the True Up Amount as finally determined in accordance with Section 7.10 of this Agreement (such bonuses the "Accrued 2018 Payroll and Bonuses").
Compensation and Bonuses. In recognition of past and present services, Rivers shall be entitled to the following benefits:
