Current Salary. A member’s individual biweekly gross salary (does not include longevity) as of the last day of the pay period which precedes September 1.
Current Salary. Your salary will be $225,000.00 per year effective next pay period, which starts on October 22, 2006. You also are eligible for quarterly bonuses up to $12,500 per quarter based on meeting key parameters such as revenue and margins taken from the official financial projections of record, the exact percentage split and parameters to be determined by the CEO and notified to you. You must be employed on the last of the calendar quarter to receive a bonus payment for that quarter. Your bonus for a calendar quarter will be paid within a reasonable period (not to exceed 45 days) beginning 45 days after the last day of the calendar quarter. Your salary and bonus may be subject to review from time to time at the Company’s discretion.
Current Salary. AMV agrees to authorize FBL to pay Employee for his services compensation of $200,000 per year, subject to increases as determined by the Board of FBL, and, subject to such withholding of taxes and other amounts as may be required by law, payable in equal periodic installments in accordance with FBL policy. b.
Current Salary. Mr. Xxxxxx xxxll be entitled to receive his base salary as Chairman of the Board, Chief Executive Officer and President effective to and including the Officer Resignation Date. Thereafter Mr. Xxxxxx xxxll be entitled to the salary, bonus, benefits or other compensation set forth in this Agreement.
Current Salary. Each of the Corporation’s Officers agrees to continue to provide services to the Corporation in their present capacities, to serve at the pleasure of the Board of Directors, at an annual base salary of One Dollar ($1.00). The Board of Directors may, at their discretion, from time to time grant either or both of the Corporation Officers stock options or other equity awards as additional compensation.
Current Salary. Your salary will be $255,000.00 per year effective today. You also are eligible, as of CQ1 2009, for quarterly bonuses up to $18,750 per quarter based on meeting key parameters such as revenue and margins taken from the official financial projections of record, the exact percentage split and parameters to be determined by the CEO and notified to you. You must be employed on the last of the calendar quarter to receive a bonus payment for that quarter. Your bonus for a calendar quarter will be paid within a reasonable period (not to exceed 45 days) beginning 45 days after the last day of the calendar quarter. Your salary and bonus may be subject to review from time to time at the Company’s discretion. All other terms and conditions in the Agreement remain the same Thank you for your contributions to helping make Nexsan a great company, Signed and agreed this 15th day of December 2008. Nexsan Technologies, Inc. Employee /s/ Xxxxxx Xxxxx /s/ Xxx Xxxxxxx Xxxxxx Xxxxx, CEO Xxx Xxxxxxx
Current Salary. Your annual base salary is $170,000.00. You will continue to be eligible for a quarterly bonuses target of $30,000 per quarter based on meeting key parameters such as Assureon and European revenue taken from the official cashflow projections of record multiplied by 1.2 for SATA and other storage revenue, and by 1.0 for Assureon sales with no upside limit to the Assureon part. Assureon gross margins may also be considered in the calculation of your quarterly bonus. The exact percentage split and parameters for the bonus calculation will be determined by the CEO and notified to you. Except as provided in Section 6, you must be employed on the last of the calendar quarter to receive a bonus payment for that quarter. Your bonus for a calendar quarter will be paid within a reasonable period (not to exceed 45 days) beginning 45 days after the last day of the calendar quarter. Your salary and bonus may be subject to review from time to time at the Company’s discretion.
Current Salary. Executive shall be paid an annual cash salary of $45,000 through December 31, 2007. This salary shall be paid on a bi-weekly basis. For the fist six (6) months of this agreement only, (January 1, 2008 through June 30, 2008) Corporation shall pay the Executive’s health insurance premium up to an amount equal to what the effective premium would be under COBRA as of the date of termination.
