COMPENSATION-BASE. The term "compensation base" shall mean the total compensation for regular full-time classifications including consideration for base salary, City's payment of any portion of the employee's contribution to PERS, medical premium, dental premium, vision care, long term and/or short term disability. Total compensation offers choices for employees to select benefit plans suitable to individual needs.
COMPENSATION-BASE. (a) For all services rendered under this Agreement, EMPLOYEE shall be paid, as base compensation, such annual salary as shall be determined by the Board of Directors of EMPLOYER, from time to time, but in no event shall such compensation be at a rate of less than $110,000 per year. Such compensation is to be payable in equal installments at intervals no longer than semi-monthly. Such base compensation shall be in addition to such fringe benefits and bonuses as provided elsewhere herein.
COMPENSATION-BASE. The base for the definition of Compensation described in Section 2.01(k), prior to making the additional adjustments described in subsections (b) and (c) below, shall be as follows:
COMPENSATION-BASE. (a) During each employment year, for his services rendered under this Agreement, Employee shall be paid base compensation (“Base Compensation”), initially calculated at the annualized rate of ($XXXX) but pro-rated for the 2018 partial year. Such Base Compensation shall be paid in equal semi-monthly (1st and 15th) installments, commencing May 1, 2018, in arrears. Such Base Compensation shall be in addition to such fringe benefits as provided herein.
COMPENSATION-BASE. (a) For all services rendered under this Agreement, EMPLOYEE shall be paid, as base compensation, such annual fee as shall be determined by the President/CEO and Management of EMPLOYER, from time to time, but in no event shall such compensation be at a rate of less than $100,000 per year. In the event of any extension of this Agreement, such compensation shall be at a rate of no less than $100,000 per year during each extension year. All such compensation shall be subject to a Cost-of-Living Adjustment (COLA) annually based upon the percentage increase in the Cost-of-Living Index, All Commodities, for the New York City area. Subject to sub-paragraphs (b) and (c) below, such compensation is to be payable in equal installments at intervals no longer than semi-monthly. Such base compensation shall be in addition to such fringe benefits and bonuses as provided elsewhere herein. (b) EMPLOYEE acknowledges that EMPLOYER is seeking the funding of the working capital for the operations of EMPLOYER and the entire Plastics and Utility Products Division of Fidelity Holdings, Inc. Accordingly, regular semi-monthly compensation shall not commence until thirty (30) days after effectiveness of the proposed Registration Statement being filed with the Securities and Exchange Commission. Until such time, all compensation due hereunder shall be accrued, subject, nevertheless, to periodic "draws" against such accru ' al to be made by EMPLOYER as its financial circumstances will permit. (c) For compensation purposes, EMPLOYER shall assign EMPLOYEE to its divisional subsidiary, "Xxxxx-Plast, Inc.", which is the head of the "Plastics and Utility Products Division" and, provided that such assignment does not require relocation, may assign EMPLOYEE to EMPLOYER may assign EMPLOYEE to one or more of its subsidiaries and/or affiliates, to perform services consistent with EMPLOYEE'S duties hereunder. In such event, EMPLOYEE may be separately compensated by each such subsidiary and/or affiliate. All such compensation shall be deducted from the compensation payable under sub-paragraph (a) above and EMPLOYER shall pay EMPLOYEE only the difference between (i) the total of all such compensations from subsidiaries and/or affiliates and (ii) the base compensation. No assignment hereunder for compensation purposes shall require that EMPLOYEE physically relocate.
COMPENSATION-BASE. (a) For 0 services rendered under this Agreement, EMPLOYEE shall be paid, as base compensation, such annual salary as shall be determined by the President/CEO and Management of EMPLOYER, from time, to time, but in no event shall such compensation be at a rate of less than $75,000 per year, In the event of any extension of this Agreement, such compensation shall be at no lesser rate during each such extension year. AU such compensation shall be subject to a Cost-of living Adjustment (COLA) annually based upon the percentage increase in the Cost-of-Living Index, All Commodities for the New York City area, The COLA deterrnination shall be made by comparing the Index at the last day of each year of this Agreement to the Index on the effective date of this Agreement and any increase shall be effective as of the first day of the succeeding year. Such base compensation is to be payable in equal installments at intervals no longer than semi-monthly. Such base compensation shall be in addition to such incentive compensation, fringe benefits and bonuses as provided elsewhere herein.
COMPENSATION-BASE. (a) For all services rendered under this Agreement, XXXXXXX shall be paid, as base compensation, such annual salary as shall be determined by PACEL's Board of Directors from time to time, but in no event shall such compensation be at a rate of less than One Hundred Twenty-five Thousand Dollars ($125,000) per year. Such base compensation shall be subject to a Cost-of-Living Adjustment (COLA) annually based upon the percentage increase in the cost-of-Living Index, All commodities, for the Washington, D.C. area (if available, otherwise the New York City area). Such base compensation is to be payable in equal installments at intervals no longer than monthly. Such base compensation shall be in addition to such incentive compensation, fringe benefits and bonuses as provided elsewhere herein.
COMPENSATION-BASE. (a) For all services rendered under this Agreement, CONSULTANT shall be paid, as base compensation, such annual fee as shall be determined by the Board of Directors of COMPANY, from time to time, but in no event shall such compensation be at a rate of less than $150,000per year. In the event of any extension of this Agreement, such compensation shall be at a rate of no less than $150,000 per year during each extension year. All such compensation shall be subject to a Cost-of-Living Adjustment (COLA) annually based upon the percentage increase in the Cost-of-Living Index, All Commodities, for the New York City area. Subject to subparagraph (b) below, such compensation is to be payable in equal installments at intervals no longer than semi-monthly. Such base compensation shall be in addition to such fringe benefits and bonuses as provided elsewhere herein. (b) The base compensation for each year of this Agreement, including the first and second year, and any extensions to this Agreement, shall be subject to a retroactive increase, based upon an earnings per share formula (actual common shares issued and outstanding at December 31 of each year, and not fully diluted) as follows:
COMPENSATION-BASE. (a) For all services rendered under this Agreement, EMPLOYEE shall be paid, as base compensation, such annual fee as shall be determined by the Board of Directors of EMPLOYER, from time to time, but in no event shall such compensation be at a rate of less than $150,000 per year. In the event of any extension of this Agreement, such compensation shall be at a rate of no less than $150,000 per year during each extension year. All such compensation shall be subject to a Cost-of-Living Adjustment (COLA) annually based upon the percentage increase in the Cost-of-Living Index, All Commodities, for the New York City area. Subject to subparagraph (b) below, such compensation is to be payable in equal installments at intervals no longer than semi-monthly. Such base compensation shall be in addition to such fringe benefits and bonuses as provided elsewhere herein.
COMPENSATION-BASE. (a) For all services rendered under this Agreement, DEBELLA xxxxx be paid, as base compensation, such annual salary as shall be determined by NISCO's Xxxxx of Directors from time to time, but in no event shall such compensation be at a rate of less than One Hundred Fifty Thousand Dollars ($150,000) per year. Such base compensation shall be subject to a Cost-of-Living Adjustment (COLA) annually based upon the percentage increase in the Cost-of-Living Index, All Commodities, for the Atlanta, Georgia area (if available, otherwise the New York City area). The COLA determination shall be made by comparing the Index at the last day of each year of this Agreement to the Index on the effective date of this Agreement (January 1, 2001), and any increase shall be effective as of the first day of the succeeding year. Such base compensation is to be payable in equal installments at intervals no longer than semi-monthly. Such base compensation shall be in addition to such incentive compensation, fringe benefits and bonuses as provided elsewhere herein.
