Excessive Compensation Clause Samples

The Excessive Compensation clause sets limits on the amount of compensation that can be paid to individuals or entities under a contract. Typically, it establishes a threshold or standard for what is considered reasonable pay, often referencing industry norms or regulatory guidelines, and may require approval or justification for payments exceeding this amount. This clause helps prevent misuse of funds, ensures fairness, and protects parties from financial risk associated with overpayment.
Excessive Compensation. Neither Industries nor Machine shall pay excessive or unreasonable salaries, bonuses, fees, commissions or other compensation;
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Excessive Compensation. Pay excessive or unreasonable salaries, ---------------------- bonuses, commissions, consultant fees, or other commissions to employees, agents, contractors, vendors or the Tribal Gaming Commission;
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Excessive Compensation. Pay excessive or unreasonable salaries, bonuses, fees, commissions or other compensation;
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Excessive Compensation. Neither the Borrowers nor the Guarantors shall pay excessive or unreasonable salaries, bonuses, fees, commissions or other compensation;
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Related to Excessive Compensation

  • Cash and Incentive Compensation (a) All payments referenced in this Agreement are subject to applicable tax withholdings and authorized or required deductions.

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125 per hour.

  • Executive Compensation Until such time as the Investor ceases to own any debt or equity securities of the Company acquired pursuant to this Agreement or the Warrant, the Company shall take all necessary action to ensure that its Benefit Plans with respect to its Senior Executive Officers comply in all respects with Section 111(b) of the EESA as implemented by any guidance or regulation thereunder that has been issued and is in effect as of the Closing Date, and shall not adopt any new Benefit Plan with respect to its Senior Executive Officers that does not comply therewith. “Senior Executive Officers” means the Company's "senior executive officers" as defined in subsection 111(b)(3) of the EESA and regulations issued thereunder, including the rules set forth in 31 C.F.R. Part 30.

  • Incentive Compensation During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent of his Base Salary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.