Continuing Compensation. In the event that Client registers any securities pursuant to the Securities Act of 1933 or the Securities Act of 1934, Client agrees to pay to PCMS the sum of $48,000 (the “Continuing Cash Compensation”) and to issue 750,000 shares of its common stock (the “Continuing Stock Compensation”) for services to be provided by PCMS under this Agreement during the first 12 months following the effective date of such registration. Client acknowledges and agrees that if it fails for any reason to issue the Continuing Stock Compensation to PCMS within 30 days after the date of such registration, Client will be obligate to pay to PCMS the market value of the Continuing Stock Compensation on the 31st day after the date of such registration. The Continuing Cash Compensation shall be paid in 12 installments of $4,000 each due on the first day of the 12 months commencing after the effective date of such registration. :
Continuing Compensation. As long as Employee remains actively employed and continues to work full-time with the Bank up to and including each Retention Date, Employee will be paid at Employee’s regular base wage and salary rate as Employee is being paid as of the date of the signing of this Agreement (as it may be adjusted from time to time) for the time Employee is employed, in accordance with the Bank’s normal payroll procedures. The Retention Bonus described in Section 2 is a supplement to, and not in lieu of, the amounts described in this section of the Agreement.
Continuing Compensation. As compensation for the provision of the Services, the Company shall pay on a quarterly basis to the Consultant a monthly fee of $6,000.00 commencing from December 4, 2014 (which may be paid in equivalent value of the Company's S-8 free trading shares at the sole discretion of the Company).
Continuing Compensation. In exchange for Executive's continued services to the Corporation as an Advisor pursuant to Section 4 above, the Corporation agrees to pay to Executive during the Advisory Services Period at the annual rate of Two Hundred Fifty Thousand Dollars ($250,000), less statutory withholdings and deductions payable in accordance with the then current payroll policies of the Corporation.
Continuing Compensation. During the period from the effective date of this Agreement until December 31, 2001, and subject to all of the terms recited herein, State Street shall continue to compensate the Executive at the rate of his current base salary ($740,000 per year).
Continuing Compensation. In exchange for Executive’s continued services to the Corporation as an Advisor pursuant to Section 4 above, the Corporation agrees to pay Executive from the Transition Date until February 28, 2008 at the semi-monthly rate of TEN-THOUSAND DOLLARS ($10,000), less statutory withholdings and deductions payable in accordance with the then current payroll policies of the Corporation.
Continuing Compensation. During the period from the effective date of this Agreement until the Retirement Date, and subject to all of the terms recited herein, the Company shall continue to pay the Executive her base salary at the current rate, and shall continue her participation in the Company’s group welfare and retirement benefit plans applicable to Executive, as in effect from time to time.
Continuing Compensation. “Continuing compensation” means [i] an amount equal to 1/12 of Mx. Xxxxxx’x annual base salary in effect on the effective date of the notice of termination determined under the then current policies of CSB for executive compensation plus [ii] one month of Mx. Xxxxxx’x annual employee benefits under § 3(b) of this Contract, except for reimbursement of [a] business expenses incurred after termination, [b] continuing education and seminar programs occurring after termination, [c] membership expenses in clubs and organizations (except for minimum costs necessary to maintain membership for six months after termination), and [d] mileage relating to use of the automobile after termination. Employee benefits shall be reduced by any similar benefits received by or accruing to Mx. Xxxxxx from third parties during the period during which Mx. Xxxxxx receives continuing compensation. Federal, state, and local taxes, social security contributions, and other normal deductions will be withheld from continuation compensation. Payment of continuing compensation, including the timing and amount of each payment, shall be subject to the Treasury Regulations concerning severance pay issued under 28 U.S.C. § 409A. If Mx. Xxxxxx dies before receiving all continuing compensation due, the balance of all continuing compensation then due shall be provided to the personal representative or other designee of Mx. Xxxxxx, except for payments for life insurance premiums and retirement plan contributions.
Continuing Compensation. The Sponsor may pay Selling Agents a portion of its Sponsor Fees and Selling Agents will receive a portion of the Distribution Fee on Class A Shares. Because this compensation is based on the value of the Shares they sold which are outstanding at month end, they have a conflict of interest in advising the Shareholders about whether they should redeem their Shares.
Continuing Compensation. In consideration of his continued services as both Chairman of the Company and a part-time employee, the Company will pay Mr. Xxxxxx'x xxxary at the annualized rate of $250,000 per annum through January 1, 2001 and at a salary of $2,000 per month thereafter through and including December 31, 2003. All such amounts will be paid at periodic intervals in accordance with the Company's payroll practices for salaried employees. For so long as Mr. Xxxxxx'x xxxtus as a part-time employee entitles him to benefits under the Company's policies, the Company will continue all life, health and disability plan participation, benefit plans and other coverages to which Mr. Xxxxxx xxx his dependents are currently entitled.
