IN COMPENSATION. The Contractor must ensure that similarly employed individuals in its workforce are compensated as equals, consistent with the following: Employees are similarly employed if the individuals work for the same employer, the performance of the job requires comparable skill, effort, and responsibility, and the jobs are performed under similar working conditions. Job titles alone are not determinative of whether employees are similarly employed; Contractor may allow differentials in compensation for its workers based in good faith on any of the following:
IN COMPENSATION. Subject to Section 4.10 of the Purchase Agreement, in addition to any other rights available to the Holder, if the Company fails to deliver to the Holder a certificate or certificates representing the Warrant Shares pursuant to an exercise on or before the 2nd Trading Day following the Warrant Share Delivery Date, and if after such date the Holder is required by its broker to purchase (in an open market transaction or otherwise) shares of Common Stock to deliver in satisfaction of a sale by the Holder of the Warrant Shares which the Holder anticipated receiving upon such exercise (a "BUY-IN"), then the Company shall (1) pay in cash to the Holder the amount by which (x) the Holder's total purchase price (including brokerage commissions, if any) for the shares of Common Stock so purchased exceeds (y) the amount obtained by multiplying (A) the number of Warrant Shares that the Company was required to deliver to the Holder in connection with the exercise at issue times (B) the price at which the sell order giving rise to such purchase obligation was executed, and (2) at the option of the Holder, either reinstate the portion of the Warrant and equivalent number of Warrant Shares for which such exercise was not honored or deliver to the Holder the number of shares of Common Stock that would have been issued had the Company timely complied with its exercise and delivery obligations hereunder. For example, if the Holder purchases Common Stock having a total purchase price of $11,000 to cover a Buy-In with respect to an attempted exercise of shares of Common Stock with an aggregate sale price giving rise to such purchase obligation of $10,000, under clause (1) of the immediately preceding sentence the Company shall be required to pay the Holder $1,000. The Holder shall provide the Company written notice indicating the amounts payable to the Holder in respect of the Buy-In, together with applicable confirmations and other evidence reasonably requested by the Company. Nothing herein shall limit a Holder's right to pursue any other remedies available to it hereunder, at law or in equity including, without limitation, a decree of specific performance and/or injunctive relief with respect to the Company's failure to timely deliver certificates representing shares of Common Stock upon exercise of the Warrant as required pursuant to the terms hereof.
IN COMPENSATION. 2. Employee acknowledges having received salary compensation, during the three month period commencing January 1, 1998 and ending March 28, 1998, which is $21,012 less than the compensation to which he would otherwise be entitled, and agrees to forego such $21,012 in compensation. Other than as set forth above, the Employment Agreement shall remain in full force and effect. Please sign below to confirm your agreement to the foregoing. Very truly yours, URT INDUSTRIES, INC. By: /s/Xxxxx Xxxx ------------------------------ Executive Vice President AGREED TO AND APPROVED: /s/ Xxxxx Xxxx ----------------------------- Xxxxx Xxxx
IN COMPENSATION. Increase the compensation or benefits of, or pay any bonus or other special or additional compensation to, any of its directors, officers, employees or consultants, other than standard, customary adjustments and merit increases which in the aggregate do not exceed $120,000 including 1995 officer bonuses.