COMPENSATION TO EMPLOYEE. For and in complete consideration of Employee’s full and faithful performance of Employee’s duties under this Agreement, Employer hereby covenants and agrees to pay to Employee, and Employee hereby covenants and agrees to accept from Employer, the following items of compensation:
COMPENSATION TO EMPLOYEE. For and in complete consideration for Employee’s full and faithful performance of his duties under this Agreement, Unitek hereby covenants and agrees to pay to Employee, and Employee hereby covenants and agrees to accept from Unitek, the following items of compensation:
COMPENSATION TO EMPLOYEE. During the Term of this Agreement, the Company shall pay to Employee compensation (the “Compensation”) consisting of:
COMPENSATION TO EMPLOYEE. In order to induce Employee to accept the offer of employment subject to the express terms and conditions set forth herein, Veritec hereby promises, covenants, warrants and agrees to pay Employee the following forms and amounts of compensation:
COMPENSATION TO EMPLOYEE. 6 (a) Base Salary..........................................6
COMPENSATION TO EMPLOYEE. For settlement purposes only and provided this Agreement is final and irrevocable under Section 7 hereof, the Company agrees:
COMPENSATION TO EMPLOYEE. Employee shall receive compensation at his current level until February 5, 2002 and shall be eligible to receive his full bonus for 2001 in accordance with the Employer's regular compensation practices. Employer agrees to continue compensating Employee for the period from February 6, 2002 to February 5, 2005 at a total annual compensation rate of $350,000, payable bi-weekly, less the reimbursement for any benefits pursuant to Paragraph 3 below, all subject to normal withholding taxes. Employee shall not be eligible to receive bonus or other compensation with respect to the period after February 5, 2002. Should Employee die prior to February 5, 2005, his widow, or his estate, should his spouse pre-decease Employee, or his widow's estate if she dies after Employee, shall receive any remaining compensation outlined in this Paragraph 2. Except as set forth herein, Employee shall not be entitled to any additional compensation from Employer.
COMPENSATION TO EMPLOYEE. In consideration of the terms and conditions of this Agreement, including Sections 4 and 5 herein, the Company agrees to perform the following:
COMPENSATION TO EMPLOYEE. Section 5(a) of the Agreement is hereby amended and restated in its entirety as follows:
COMPENSATION TO EMPLOYEE. If there is a Change in Control of the Company during the term of this Agreement, Employee shall be entitled to termination payments as provided in Section 3 hereof in the event that Employee's employment by the Company is involuntarily terminated in connection with, or within the nine (9) month period after, the Change in Control, unless such termination is on account of Employee's permanent and total disability or governmental actions or such termination is for Cause. Employee shall likewise be entitled to such payments as are provided for in Section 3 of this Agreement in the event that Employee's employment by the Company is terminated by Employee for Good Reason in connection with, or within the nine (9) month period after, the occurrence of a Change in Control.
