Compensation and Incentive Sample Clauses

Compensation and Incentive. Shangold's right to receive -------------------------- compensation and incentive under Section 1 of the Agreement in the form of Common Stock of Mastech Systems shall instead entitle him to now receive compensation and incentive in the form of Common Stock of Mastech.
Sample 1
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Compensation and Incentive. A Lead Hand employee who is required to remain available for duty on standby, outside of the normal working hours, shall receive one dollar and fifty cents ($1.50) per hour on standby; The Employer agrees to provide at its expense, a mobile telephone, radio or paging device to the Team Lead or its designate while on “Standby”. Call-out While Standby: If the Lead Hand employee is called to perform duties, he will be compensated at the overtime rate for all hours worked as per Article 17 of this agreement, with a minimum of three (3) hours pay at time and one half for each call-out. This Letter of Understanding shall remain in effect until December 31, 2020. This letter applies as of 30 days after ratification and as of the 1st Monday of the calendar month following the 30 days after ratification. SIGNED ELECTRONICALLY ON THIS 22ND DAY OF SEPTEMBER 2021. For the Township of Xxxxxxxx For CUPE Local 4616-02 LETTER OF UNDERSTANDING Between The Corporation of the Township of Xxxxxxxx and Canadian Union of Public Employees and its Local 4616-02 Re: Permanent Full-Time Operators On-Call Schedule and Compensation Note: This letter shall not apply during the period of “Schedule B” Without Prejudice and Precedent; On-Call Duties: Full-Time Operator must carry company cell phone or device and remain available and prepared to respond on a 24/7 basis during their scheduled week of on-call; Responsible to be on-call to answer call from the Team Lead, Manager or its designate and to respond to call-out, if requested; Must be able to respond to call-out within 1 hour of such request; Must reply within 10 minutes to the call and must respond on site within 1 hour. On-Call Schedule: Each Operator will be scheduled 1 week of on-call every 4 weeks; On-call duties will begin Monday at 3:30 p.m. and end on the following Monday at 3:30 p.m.; Shall not apply during the period of Schedule “B”.
Sample 1
Compensation and Incentive. A Full-Time employee who is required to remain available for duty on standby, outside of the normal working hours, shall receive thirty-five ($35.00) dollars per day on standby; The Employer agrees to provide at its expense, a mobile telephone, radio or paging device to the employee “on-call” and it is the responsibility of the employee on-call to carry the device and answer any calls from the Manager, Lead Hand or its designate. The Employer agrees to provide a vehicle to the person on-call if required and only to be used for the purpose of a call-out. The vehicle and phone will be exchanged from the person on-call to the next person on-call every Monday by 3:30 p.m.
Sample 1

Related to Compensation and Incentive

  • Cash and Incentive Compensation For clarification, it is understood by all parties that other than as specified herein, the Company is not obligated to award any future grants of stock options or other form of equity compensation to Executive during Executive's employment with the Company.

  • Recovery of Bonus and Incentive Compensation Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

  • Compensation Benefits and Reimbursement (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2(b). The Association shall pay Executive as compensation a salary of not less than $_____________ per year ("Base Salary"). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive's Base Salary shall be reviewed at least annually. Such review may be conducted by a Committee designated by the Board, and the Board may increase, but not decrease (except a decrease that is generally applicable to all employees), Executive's Base Salary (any increase in Base Salary shall become the "Base Salary" for purposes of this Agreement). In addition to the Base Salary provided in this Section 3(a), the Association shall provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the Association. Base Salary shall include any amounts of compensation deferred by Executive under qualified and nonqualified plans maintained by the Association.

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

  • Special Compensation The Company shall pay to the Executive a lump sum equal to three times the sum of (a) the highest per annum base rate of salary in effect with respect to the Executive during the three-year period immediately prior to the termination of employment plus (b) the Highest Bonus Amount. Such lump sum shall be paid by the Company to the Executive within ten business days after the Executive's termination of employment, unless the provisions of Section 3(e) below apply. The amount of the aggregate lump sum provided by this Section 3(c), whether paid immediately or deferred, shall not be counted as compensation for purposes of any other benefit plan or program applicable to the Executive.

  • Compensation Benefits In accordance with Section 142 of the State Finance Law, this contract shall be void and of no force and effect unless the Contractor shall provide and maintain coverage during the life of this contract for the benefit of such employees as are required to be covered by the provisions of the Workers' Compensation Law.

  • Fees and Compensation Managers and Officers may receive such compensation and fees, if any, for their services, and such reimbursement for expenses, as may be determined by resolution of the Board.

  • Director Compensation Petitioner shall not compensate members of the Charter School’s Governing Board in excess of reasonable expenses incurred in connection with actual attendance at board meetings or with performance of duties associated therewith.

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