COMPENSATION OF SENIOR MANAGEMENT Sample Clauses

COMPENSATION OF SENIOR MANAGEMENT. The compensation payable to the senior management of Borrower, as a group, shall not be increased by more than twenty-five percent (25%) each year, with the increase in the first year following the Effective Date being measured against the compensation payable to the senior management of Borrower as of December 31, 2001, which compensation is set forth on Schedule 7.2(l). The Borrower represents and warrants that Schedule 7.2(l) accurately sets forth such compensation.
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COMPENSATION OF SENIOR MANAGEMENT. The compensation payable to the senior management of Borrower, as a group, shall not be increased by more than twenty-five percent
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COMPENSATION OF SENIOR MANAGEMENT. On January 24, 2007, the Management Development, Nominating and Governance Committee (the "Committee") of the Company's Board of Directors approved the following new base salaries for the following executive officers: Xxxx X. Xxxxxx, Chairman and Chief Executive Officer -- $830,000; Xxxxxxx Xxxxx, President and Chief Operating Officer -- $485,000; X. Xxxxxxx Xxxxx, Chief Financial Officer -- $426,000; Xxxxxxxx X. Xxxxxxxxxxxx, Executive Vice President - Risk Management of Mortgage Guaranty Insurance Corporation, the Company's principal subsidiary -- $416,000; and Xxxxxxx X. Xxxx, General Counsel -- $353,000. The new base salaries are effective April 2, 2007.
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COMPENSATION OF SENIOR MANAGEMENT. Section 6.4(b) is hereby amended and restated as follows: The compensation of the senior management of the Borrower, as a group, is subject to the following limitations:
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COMPENSATION OF SENIOR MANAGEMENT. No management agreement for any Eligible Project shall be modified, assigned, extended, terminated, or entered into nor shall the current method of operation and management of the Eligible Projects be changed in any material manner, without the prior written approval of the Required Banks, except as otherwise expressly provided for herein. The compensation payable to the senior management of the Borrower, as a group, shall not be increased by more than twenty-five percent (25%) each year, with the increase for the fiscal year ending December 31, 2002 being measured against the compensation payable to the senior management of the Borrower as of December 31, 2001, which compensation is set forth on SCHEDULE 8.17. The Borrower represents and warrants that SCHEDULE 8.17 accurately sets forth such compensation.
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Related to COMPENSATION OF SENIOR MANAGEMENT

  • Compensation of Employees Compensate its employees for services rendered at an hourly rate at least equal to the minimum hourly rate prescribed by any applicable federal or state law or regulation.

  • COMPENSATION OF ULTIMUS The Trust, on behalf of each Fund, shall pay for the services to be provided by Ultimus under this Agreement in accordance with, and in the manner set forth in, Schedule B attached hereto, as such Schedule may be amended from time to time. If this Agreement becomes effective subsequent to the first day of a month or terminates before the last day of a month, Ultimus’ compensation for that part of the month in which the Agreement is in effect shall be prorated in a manner consistent with the calculation of the fees as set forth above. Payment of Ultimus’ compensation for the preceding month shall be made promptly.

  • Compensation of Employee Employer shall pay Employee, and Employee shall accept from Employer, in full payment for Employee's services hereunder, compensation as follows:

  • Management Compensation As compensation for your services in the management of the offering, we will pay you an amount equal to the management fee specified in the Invitation in respect of the Securities to be purchased by us pursuant to the Purchase Agreement, and we authorize you to charge our account with such amount. If there is more than one Representative, such compensation shall be divided among the Representatives in such proportions as they may determine.

  • Compensation of the Executive 3 4. Termination..............................................................4 5.

  • Compensation of Executive (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $225,000 per annum (the “Base Salary). The Corporation shall review the Base Salary on an annual basis and agrees to increase it by at least 10% per annum, but has no right to decrease the Base Salary.

  • Executive Compensation Until such time as the Investor ceases to own any debt or equity securities of the Company acquired pursuant to this Agreement or the Warrant, the Company shall take all necessary action to ensure that its Benefit Plans with respect to its Senior Executive Officers comply in all respects with Section 111(b) of the EESA as implemented by any guidance or regulation thereunder that has been issued and is in effect as of the Closing Date, and shall not adopt any new Benefit Plan with respect to its Senior Executive Officers that does not comply therewith. “Senior Executive Officers” means the Company’s “senior executive officers” as defined in subsection 111(b)(3) of the EESA and regulations issued thereunder, including the rules set forth in 31 C.F.R. Part 30.

  • Separation Compensation In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the following:

  • Compensation of the Advisor Each Fund agrees to pay to the Advisor and the Advisor agrees to accept as full compensation for all services rendered by the Advisor pursuant to this Agreement, a fee accrued daily and paid monthly in arrears at an annual rate listed in Appendix A with respect to the Fund’s average daily net assets. For any period less than a month during which this Agreement is in effect, the fee shall be prorated according to the proportion which such period bears to a full month of 28, 29, 30 or 31 days, as the case may be. The fee payable to the Advisor under this Agreement will be reduced to the extent required by any expense limitation agreement. The Advisor may voluntarily absorb certain Fund expenses or waive all or a portion of its fee.

  • Management Fees and Compensation No Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, pay any management, consulting or similar fees to any Affiliate of any Credit Party or to any officer, director or employee of any Credit Party or any Affiliate of any Credit Party except:

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