Compensation of Employee Sample Clauses

Compensation of Employee. Employer shall pay Employee, and Employee shall accept from Employer, in full payment for Employee's services hereunder, compensation as follows:
Compensation of Employee. As compensation for the services provided by the Employee under this Agreement, the Employer will pay the Employee an annual salary of $84,000.00 payable monthly on the first day of each month. Upon termination of this Agreement, payments under this paragraph shall cease; provided, however, that the Employee shall be entitled to payments for periods or partial periods that occurred prior to the date of termination and for which the Employee has not yet been paid, and for any commission earned in accordance with the Employer's customary procedures, if applicable. Accrued vacation will be paid in accordance with state law and the Employer's customary procedures. This section of the Agreement is included only for accounting and payroll purposes and should not be construed as establishing a minimum or definite term of employment.
Compensation of Employee. Annual Salary
Compensation of Employee. As compensation for the services provided by Employee under this Agreement, Employer will pay Employee an annual salary of $40,000.00 payable in monthly installments payable on the first day of each month. Upon termination of this Agreement, payments under this paragraph shall cease; provided, however, that the Employee shall be entitled to payments for periods or partial periods that occurred prior to the date of termination and for which the Employee has not yet been paid.
Compensation of Employee. During the term of employment provided for herein, the Employee shall be paid a minimum annual salary of $ 153,100 in U.S. dollars ("Base Salary"), which salary shall be paid to the Employee in equal biweekly installments in arrears. Any increases in the Base Salary will be recommended by the Compensation Committee and approved by the Board of Directors.
Compensation of Employee. 4.1 BASE SALARY. During the Term, the Corporation shall pay to Employee an annual base salary of Six Hundred Thousand Dollars ($600,000.00) for his services hereunder, less such deductions as shall be required to be withheld by applicable law and regulations. The annual base salary shall for each of the third, fifth, seventh and ninth years of this Agreement increase by seven (7%) percent on a compound basis as an agreed upon cost of living adjustment. The Board of Directors may increase (but not decrease) Employee’s base salary at any time. Employee’s base salary, as in effect at any time, is hereinafter referred to as the “Base Salary.” 4.2 TIME OF PAYMENT. Employee’s Base Salary shall be paid in substantially equal installments on a basis consistent with the Corporation’s payroll practices for the Corporation’s employees. 4.3 ANNUAL BONUS. For each fiscal year that occurs during the Term, the Corporation shall pay Employee a cash bonus in an amount determined by the Board of Directors, which amount shall be not less than two percent (2%) of the Corporation’s earnings for such fiscal year before interest, tax, depreciation and amortization (the “Cash Bonus”). Employee’s Cash Bonus for any fiscal year shall be based on audited financial statements of the Corporation for such fiscal year and shall be paid to Employee no later than April 15 of the year immediately following such fiscal year. The Corporation shall not be required to pay, and Employee shall not be entitled to demand, a Cash Bonus for any fiscal year that Employee is not actively engaged in the duties of Creative and Design Chief for at least six months, provided, however, that Employee shall be entitled to demand a pro-rated Cash Bonus for any fiscal year in which he is actively engaged in the duties of Creative and Design Chief for at least six (6) months which Cash Bonus shall be prorated in accordance with the number of full calendar months during such fiscal year that Employee was actively engaged in the duties of Creative and Design Chief. 4.4 ANNUAL STOCK OPTION GRANT. Subject to the availability of shares under the Corporation’s 1999 Stock Plan (the “1999 Plan”) or any other qualified or non-qualified stock incentive plan designated by the Board of Directors and approved by the Corporation’s stockholders, on or about the date of the Corporation’s annual meeting (but not later than June 30th) for each year of the Term (beginning in 2006) (each, a “Grant Date”), Employee shall be eligibl...
Compensation of Employee. As the sole compensation for all of the Employee's services rendered hereunder to the Employer, the Employer hereby agrees to pay the Employee compensation and reimbursements as set forth in Exhibit "A" attached hereto and made a part hereof.