Compensation, etc. Except as set forth in Schedule 4.22.b, Seller is not subject to, and has no obligation under, any employment, consulting, or collective bargaining contracts, deferred compensation, pension (as defined in Section 3(2) of the Employee Retirement Income Security Act (ERISA)), profit-sharing, bonus, stock option, stock appreciation, stock purchase, or other nonqualified benefit or compensation commitments, benefit plans, arrangements, or plans, including any welfare plans (as defined in Section 3(1) of ERISA), fringe benefit arrangements, or multi-employer plans (as defined in Section 3(37)(A) of ERISA) of or pertaining to the present or former employees involved in the Software Business. Seller has complied with all of its obligations under the foregoing in all material respects.
Compensation, etc. Except as set forth in Schedule 2.17(b), the Company is not subject to, and has no obligation under, any employment, consulting, or collective bargaining contracts, deferred compensation, pension (as defined in Section 3(2) of the Employee Retirement Income Security Act (ERISA), profit-sharing, bonus, stock option, stock appreciation, stock purchase, or other nonqualified benefit or compensation commitments, benefit plans, arrangements, or plans, including any welfare plans (as defined in Section 3(1) of ERISA), fringe benefit arrangements, or multi-employer plans (as defined in Section 3(37)(A) of ERISA) pertaining to the Business Employees (collectively, the "Plans"). The Company has never had any Plans.
Compensation, etc. The Borrower hereby agrees to compensate each ------------------ Lender for making a Deposit by paying such Lender compensation on the outstanding principal amount of such Lender's Deposit from the date of such Deposit until the date (the "Release Date") such Deposit shall be transferred to ------------ the Borrower's Depositary Account in accordance with Section 2.13(d) or withdrawn by such Lender in accordance with Section 2.13(e), at a rate per annum equal at all times to the Special Funding Rate for such Lender in effect from time to time (net of earnings, if any, on such Deposit payable by the Depositary), such compensation to be payable on the Expected Funding Date and on the Release Date. The costs and expenses of opening and maintaining the Pre- Funding Deposit Accounts are for the account of the Borrower.
Compensation, etc. Hire new employees, grant any salary or wage increase, grant new equity-related awards or severance or termination payments or increase any employee benefit, including incentive or bonus payments (or, with respect to any of the preceding, communicate any intention to take such action), except (1) to make changes that are required by applicable law, (2) to satisfy Previously Disclosed contractual obligations existing as of the date hereof, or (3) for hiring of employees or salary increases and normal adjustments in bonuses and incentive compensation in each case (A) in the ordinary course of business, (B) in accordance with past practice and (C) to the extent such adjustment does not impact any person receiving or entitled to receive in excess of $100,000 per year.
Compensation, etc. (a) As full and complete compensation for any and all services which the Consultant may render hereunder, H&E shall pay Consultant the sum of $167,000.00 per annum, together with a cost-of-living increase of four percent (4%) compounded annually. Consultant shall be responsible for all federal and state taxes and other payments as required by applicable law. The fee shall be paid in equal portions to Consultant bi-weekly.
Compensation, etc. Annex 1 describes the conditions for salary, bonuses etc.
Compensation, etc. In any and all claims against Lessee, by -------------------------- or on behalf of any employee of Operator or any Subcontractor, or any other party for whose acts Operator or any Subcontractor may be liable, the indemnification obligation stated above shall not be limited in any way by any compensation or benefits payable by or for Operator under any applicable workers' compensation act, disability act or other act providing employee benefits or limiting the direct liability of Operator with respect to the same.
Compensation, etc. The Company shall not (i) enter into, adopt, amend (except as may be required by law and except for immaterial amendments) or terminate any Compensation and Benefit Plan or other employee benefit plan or any agreement, arrangement, plan or policy between the Company and one or more of its directors, officers or employees or (ii) except in the ordinary course of business consistent with past practice, increase in any manner, the compensation or fringe benefits of any director, officer or employee or increase any benefit to any director, officer or employee not required by any plan or arrangement as in effect as of the date hereof or enter into any contract, agreement, commitment or arrangement to do any of the foregoing or engage in any transaction with any shareholder, officer or director, provided that the foregoing shall not restrict the payment of any obligations owed to such persons otherwise accrued on the Company's financial statements, and provided further, that the foregoing shall not restrict the Company from paying $100,000 that it intends to pay to Xxxx Xxxxx for additional consulting services rendered to the Company prior to the date hereof.
Compensation, etc. If an employee complies with subparagraph (a), but fails to work on either his last scheduled working day before or his next scheduled working day following the holiday and such failure was unavoidable, the Company will credit the employee with having worked on the said day or days if he proves to the satisfaction of the Company that his failure to work was unavoidable. Provided, however, that if an employee is receiving benefits under sickness and accident insurance or workers’ compensation for a period of not more than thirty calendar days, he shall be deemed to have been working on the said days, then, in that event, the said period of thirty calendar days shall be extended retrospectively to cover the period during which such benefits are received to a total of not more than thirty calendar days and he shall be deemed to have been working during such extended period. For the purpose of this section, an employee on leave of absence for not longer than three weeks immediately before and/or three weeks immediately following their vacation period, shall be deemed to have complied with The amount of holiday pay shall be: for employees working on an indirect labour basis, eight hours at base rate plus cost of living allowance plus shift premium: for employees working on a direct labour basis, ten hours at base rate plus cost of living allowance plus shift premium. An employee laid off during the thirty calendar days immediately preceding the day of the observance of the holiday shall receive a holiday pay if he works his last scheduled work day during the said thirty calendar days provided the lay-off is not due to a disciplinary measure or work stoppage. An employee who works on such paid holidays shall be paid double time for all hours worked plus plus shift premium where applicable, and in addition holiday pay.
Compensation, etc. Employee has completed an MBA program at St. Mary’s College and has been awarded an MBA degree as of December 2015. Employee has incurred student loan debt in an amount in excess of $72,961. Given the benefit to District of the training of Employee, District agrees to loan employee $72,961 for the repayment of his student loan debt without interest upon Employee providing receipts showing Employee’s payment of that amount. So long as Employee then remains an employee of District, one-fifth of such loan will be forgiven on July 17, 2019, one-fifth on July 17, 2020, one-fifth on July 17, 2021, one- fifth on July 17, 2022, and one-fifth on July 17, 2023. Such one-fifth shall not be pro-rated for any period of less than 12 months. Upon Employee’s termination pursuant to Xxxxxxx 00.x, Xxxxxxx 00.x, or (except as the parties may otherwise agree) Section 10.d, Employee shall repay District the unforgiven portion of the loan on the Termination Date without interest. Upon Employee’s termination pursuant to Section 10.b, Section 10.e or Section 10.f, the unforgiven portion of the loan shall be deemed forgiven and no longer owing by Employee.
