Compensation Policy. This Agreement shall be subject to the Compensation Policy and nothing herein shall derogate in any way from the Company’s rights thereunder.
Compensation Policy. 6.1. Employee declares and confirms, that he is familiar and aware that the Company has adopted a compensation policy pursuant to the provisions of the Companies Law 5759-1999 (the "Compensation Policy", and the "Law", respectively), and that the terms of this Agreement are subject to and shall be aligned with the provisions and guidelines of the Compensation Policy in force, unless otherwise determined from time to time by the Company and approved by the Company's relevant organs.
Compensation Policy. 8.1. Consultant declares and confirms, that he is familiar and aware that the Company has adopted a compensation policy pursuant to the provisions of the Companies Law 5759-1999 (the "Compensation Policy", and the "Law", respectively), and that the terms of this Agreement are subject to and shall be aligned with the provisions and guidelines of the Compensation Policy in force, and as shall be determined from time to time. Copy of the Compensation Policy is attached hereto as an integral part of this Agreement.
Compensation Policy. Each company shall define the compensation policy to be applied to its staff. The labour market organisations recommend that salaries be determined according to the qualifications required for the job and that the compensation policy aims to reward job performance and improvements in the company’s efficiency and profitability. Compensation policy shall be based entirely or in part on the following principles: • It is in line with the company’s business idea and supports its implementation • It supports the development of the company’s efficiency, profitability and competitiveness • It is tailored to the individual. It takes into account the demand of the individual’s job tasks and the responsibility involved as well as the person’s skills set and results on the job • It rewards for individual abilities and skills such as information management and project management skills, judgement, initiative, innovation and the ability to co-operate. • It encourages each individual to deepen and expand their professional skills • It supports attainment of the joint objectives set for the workplace as well as co-operation across functional and personnel group boundaries. • It is clear, geared to the long-term and consistent but can be changed flexibly when this is called for by the company’s operating environment or business idea. To function effectively, there must be a consensus on the principles underlying compensation policy, and the supervisor and salaried employee should discuss how job tasks are performed and the effects this has on salaries.
Compensation Policy. The Purchaser commits that following Closing and during the Earn-out Period the employee compensation of the Company will be at least as described and attached as Appendix D to this Agreement (the “Compensation Table”), and as detailed in the Budget. It shall include gross monthly salaries, participation in the Company’s stock option plan, and annual bonuses for executives (as set out in the Compensation Table) based on Milestone achievement during each calendar year.
Compensation Policy. 9.1 Xx. Xxxxxxxxxx declares and confirms, that he is familiar and aware that the Company has adopted a compensation policy pursuant to the provisions of the Companies Law 5759-1999 (the "Compensation Policy", and the "Law", respectively), and that the terms of this Agreement are subject to and shall be aligned with the provisions and guidelines of the Compensation Policy in force, and as shall be determined from time to time. Copy of the Compensation Policy is attached hereto as an integral part of this Agreement.
Compensation Policy. 1. The distance of the shipment is measured by the principle “from the zip-code to the zip-code (not by the exact addresses). Empty miles are paid after 100 miles. Contractor/ driver shall provide his real current location to Company to determine the correct empty mileage.
Compensation Policy a) Lincoln University operates a total compensation approach to the remuneration of employees, where an employee’s total compensation cost includes the cost of the salary plus the cost of any benefits paid to employees, (“the total compensation package”).
Compensation Policy. A. A pay plan shall be provided for all employees in the classified service. The pay plan consists of a salary range for each position. Salary ranges are determined by the relative difficulty and responsibility of the positions of the class, prevailing rate of pay, cost of living factors, the financial policy of the City and other economic situations.
Compensation Policy. The Company shall enter into employment agreements with Xx. Xxxxxxx and Xx. Xxxxxx, and other key employees, providing for compensation consistent with the provisions of Exhibit 9.3.
