Fixed Annual Compensation, Special Benefits and Additional Benefits Sample Clauses

Fixed Annual Compensation, Special Benefits and Additional Benefits. Should the Term be terminated in accordance with the provisions of Sections 3.3.1 or 3.3.2 by reason of Executive's Death or Disability, Executive or his estate (as the case may be) shall have no right to any further Fixed Annual Compensation, any Incentive Compensation, any Special Benefits, any Additional Benefits or any other sums or benefits accruing to Executive hereunder after the date of termination; provided, however, that the Fixed Annual Compensation otherwise payable during the Disability Period shall nevertheless be payable on the terms set forth herein to Executive as a disability benefit ("Disability Benefit"). Any disability insurance proceeds actually received by Executive during the Disability Period with respect to such Disability shall reduce on a dollar-for-dollar basis the Disability Benefit otherwise payable by Company during the Disability Period pursuant to this Section 3.3.3.
Sample 1
AutoNDA by SimpleDocs
Fixed Annual Compensation, Special Benefits and Additional Benefits. Should the Term be terminated in accordance with the provisions of Sections 3.3.1 or 3.3.2 by reason of Employee's Death or Disability, Employee or his estate (as the case may be) shall have no right to any further Fixed Annual Compensation, any Annual Bonuses, any Special Benefits, any Additional Benefits or any other sums or benefits accruing to Employee hereunder after the date of termination; provided, however, that the Fixed Annual Compensation and installments of Annual Bonus otherwise payable during the Disability Period shall nevertheless be payable on the terms set forth herein to Employee as a disability benefit ("Disability Benefit") reduced on a dollar-for-dollar basis by any disability insurance proceeds actually received by Employee during the Disability Period with respect to such Disability. All disability insurance proceeds received by Employee after the Disability Period (or during the Disability Period but in excess of the Disability Benefit) shall be the sole property of Employee as governed by such insurance policy.
Sample 1

Related to Fixed Annual Compensation, Special Benefits and Additional Benefits

  • Additional Benefits During the term of this Agreement, the Employee shall be entitled to the following fringe benefits:

  • ADDITIONAL COMPENSATION AND BENEFITS The Executive shall receive the following additional compensation and welfare and fringe benefits:

  • Supplemental Benefits The employer shall maintain a “Supplemental Unemployment Benefits Plan” pursuant to the Employment Insurance Act and Regulations. The employer shall make amendments as appropriate to ensure that the Plan provides the maximum permissible benefits in conjunction with Article 17.03.

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.

  • General Benefits During the Term of Employment, the Executive shall be entitled to participate in such employee pension and welfare benefit plans and programs of the Company as are made available to the Company's senior-level executives or to its employees generally, as such plans or programs may be in effect from time to time, including, without limitation, health, medical, dental, long-term disability, travel accident and life insurance plans.

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Optional Benefits Optional Group Life Insurance This plan is available on an optional, employee-pay-all basis and you may apply to purchase additional group life insurance coverage for you and/or your spouse. Coverage is available from a minimum of $10,000 to a maximum of $300,000 in increments of $10,000.

  • Supplemental Compensation Pursuant to Section 7 of the Agreement, Supplemental Compensation will be paid as follows:

  • Compensation Benefits Etc During the Employment Period, the Manager shall be compensated as follows:

  • Dental Benefits The County offers dental and orthodontic benefits to full and part-time regular employees and their eligible dependent(s). Benefit provisions, co­ payments and deductibles are outlined in the Evidence of Coverage. The employee contribution is $13 per pay period ($28.26 per month). The County shall contribute to part-time eligible employees on a pro-rated basis, in accordance with Section 10.2.6.

Time is Money Join Law Insider Premium to draft better contracts faster.