Compensation Package Sample Clauses

Compensation Package. During this employment term, Executive shall be entitled to the compensation package set forth in the offer letter to Executive from ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, dated February 15, 2008 (“Offer Letter”)

Compensation Package. Employee’s compensation and any and all other rights of Employee under this Agreement are included in the following compensation package (the “Compensation Package”). This Compensation Package shall contain certain financial terms outlined in Schedule A and conditions addressed below (salary, health care, Company benefits and life and disability insurance, etc.).

Compensation Package. A. BASE SALARY: $84,000 per year with 7% annual increases payable in accordance with the Company's payroll policies.

Compensation Package. The cost of the unit members' salaries, health and welfare benefits, and of retirement benefits. Also to be considered are the costs of mandated benefits: STRS, Workers Compensation, Medicare, and Unemployment Compensation.

Compensation Package. (a) The Executive's minimum annual salary during the Initial Term shall be $250,000 per annum payable by check in equal bi-weekly installments or in such other periodic installments as may be in accordance with the regular payroll policies of the Company as from time to time in effect, less such deductions or amounts to be withheld as shall be required by applicable law and regulations provided that for each subsequent year during the Term, the minimum salary shall be increased by ten percent (10%). (b) The Executive shall be entitled to participate in family medical/dental insurance, provided that the policy has standard co-insurance and deductible provisions. Should Executive desire to procure supplemental or alternative insurance policy or policies for himself and/or his family, the company will reimburse 75% of the cost thereof. (c) The Executive shall be entitled to four (4) weeks of paid vacation during the first year of the Initial Term and six (6) weeks of paid vacation during any subsequent year of the Term. In the event the Executive elects not to take all or any portion of his vacation, the Company will pay the Executive for each day of vacation not taken an amount of money equal to the quotient of the Executives's then current annual salary divided by 260. (d) The Executive shall participate in all profit sharing plans adopted by the company. Additionally, the Executive shall be entitled to receive an annual incentive bonus of Three Percent (3%) of net sales, defined as Gross Sales less any returns and /or allowances. The annual bonus shall be paid in cash within 30 days after the company files with the SEC its Annual Report on Form 10-K with respect to such year. The incentive bonus shall be pro-rated for partial years. (e) The Company shall provide the Executive with an automobile allowance of $1,500 per month. The Executive shall be responsible for all associated expenses relating to such automobile, including, without limitation, insurance, gas and repairs. (f) The Company shall pay or reimburse the Executive for all reasonable expenses actually incurred or paid by him in the performance of his duties hereunder, including travel and entertainment in accordance with Company policy and upon the presentation by the Executive of an itemized account of such expenditures. (g) The Executive shall be eligible to receive stock option grants under the Company's stock option plans in the discretion of the Company's Board of Directors or option committ...

Compensation Package. Executive’s compensation and any and all other rights of Executive under this Agreement are included in the following compensation package (the “Compensation Package”). This Compensation Package shall contain certain financial terms outlined in Schedule A and conditions addressed below (salary, health care, Company benefits and life and disability insurance, etc.).

Compensation Package. (a) The Company shall pay to the Employee, and the Employee agrees to accept, base salary of two hundred and fifty thousand dollars ($250,000) per year, payable in accordance with normal payroll policies of the Company and shall be subject to all usual and customary payroll deductions including all applicable withholding taxes. (b) The Employee's annual base salary increase over the prior year's base salary each year during the term hereof should be the sold discretion of the Company's Board of Directors based on Company and the Employee's performance.

Compensation Package. The Minister shall be compensated as set forth in Exhibit A, agreed upon between the parties each year and attached hereto.

Compensation Package a. In consideration of the services to be performed by Employee hereunder, Employee shall receive: (i) From the date hereof until September 30, 1987, a salary at the rate of One Hundred Fifteen Thousand Dollars ($115,000.00) per year, and, commencing as of October 1, 1987, a salary at the rate of One Hundred Twenty Five Thousand Dollars ($125,000.00) per year, payable in equal semi-monthly or bi-weekly installments in accordance with Employee's accounting procedures and practices in effect from time to time; (ii) Pay scale or increases or other compensation in accordance with policies established by the Board, and at the sole and complete discretion of the Board; (iii) Reimbursement for all authorized reasonable and necessary expenses incurred by Employee in connection with the performance of his duties hereunder; (iv) Term life insurance, naming Employee's designee as beneficiary, in the face amount, at all times, equal to twice Employee's then current annual salary rate and additional benefits as approved by the Board, which may include medical, dental and disability income insurance, sick leave and holidays; (v) Paid vacation to be taken at such time or times as shall not be disapproved by the Board, and in accordance with Employer's policies and procedures in effect from time to time.