Compensation Package Sample Clauses

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. 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. 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. (a) The Executive's annual salary during the Term of this agreement shall be $160,000.00 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. (b) The Executive's annual salary shall be increased by 10% in the second and third years respectively, provided a bonus is earned pursuant to Paragraph 3(e) of this Agreement. (c) The Executive shall be entitled to participate in Company provided family medical/dental insurance plans, provided that the policy may have standard co-insurance and deductible provisions, and that 25% of the cost of the policy shall be paid by the Executive. (d) The Executive shall be entitled to three (3) weeks of paid vacation during any year of the Term. (e) The Executive shall be eligible for an annual bonus at the Polish Subsidiary level only, subject to the limitations of paragraph 3(i) of this Agreement, of 3% of net earnings in accordance with a mutually agreed upon performance criteria to be negotiated in good faith by all parties. (f) The Company shall provide the Executive with an automobile. The Company shall be responsible for all associated expenses relating to such automobile including insurance, gas and repairs. (g) 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, in accordance with Company policy and upon the presentation by the Executive of an itemized account of such expenditures. (h) 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 committees under such plans. The Company will recommend to the Board or such committees a grant of a stock option to acquire 800,000 shares of the IFFC's common stock, par value $.01 per share (the "Common Stock"), at an exercise price per share equal to $.66 market price, such options to be exercisable in whole or in part and cumulatively according to the following schedule, provided in each case that the Executive is an employee of the Company on the date of reference: (i) 20 percent 1 year after the effective date; (ii) 60 percent 2 years after the effective date; (iii) 100 percent 3 years after the effective date. In the event that...

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. 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 thousands 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 sole discretion of the Company's Board of Directors based on Company and the Employee's performance.

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

Compensation Package. Base Salary US $600,000 per annum provided that the then current Base Salary shall increase by three percent (3%) on each anniversary of the Effective Date. Performance Bonus With respect to each fiscal year that ends during the Term, you are eligible to receive an annual cash bonus, with a target amount equal to 100% of your then current Base Salary (“Performance Bonus”), subject to your continued employment with Reservoir through the last day of the fiscal year to which the Performance Bonus relates. Your Performance Bonus will be determined by the Board based on a combination of criteria including, without limitation, achievement of company revenue targets and qualitative measurements which targets and measures shall be established and communicated to you at the start of each fiscal year. In the event Reservoir terminates your employment without Cause or you resign for Good Reason (as defined below), you will be eligible for a pro rata portion of such Performance Bonus based on the number of days you were employed with Reservoir during such fiscal year up to the date of such termination. If successfully earned, your Performance Bonus will be paid in the month of May following the end of the respective fiscal year, or as soon thereafter as may be reasonably practicable under the circumstances. 2▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ (P) 212.675.0541 W▇▇.▇▇▇▇▇▇▇▇▇-▇▇▇▇▇.▇▇▇