Non-compensation Sample Clauses

Non-compensation. No compensation shall be paid by XXX to Cougar as a consequence of justifiable termination on the part of XXX in accordance with articles 13.3-13-5.
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Non-compensation. No compensation or other monies shall be payable by Lundbeck to the Distributor as a consequence of the termination of this Agreement pursuant to Articles 5.2, 7.2, 7.3, 9.1,12.1, 12.2.
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Non-compensation. In the event CONTRACTOR is precluded from starting the service described herein on any day for a reason listed in Section 7 hereinafter, CONTRACTOR shall not receive compensation under this Agreement for the period of the excusable delay. If the excusable delay occurs following the start of regularly scheduled service on any day, CONTRACTOR shall be compensated as specified in this Section 4 for that day. Execution of the contract agreement by the CITY and CONTRACTOR that $1,000 per violation is the minimum value of the cost and actual damages caused by failure of the CONTRACTOR to perform the work required herein, that such sum shall not be construed as a penalty, and that such sum may be deducted from payments due the CONTRACTOR if such delay occurs.
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Non-compensation. The Severance Period shall be terminated and the Company shall have no further obligation to pay the Severance Amount or to provide the benefits described in Section 3 above if the Executive, without the Company's written approval, accepts a position of employment with any other company conducting a business which is substantially competitive with a business conducted by the Company.
Sample 1
Non-compensation. The Company is primarily engaged in the sale of conventional home improvement loans, debt consolidation loans, FHA loans, and non-conforming mortgage loans (the "Company's Business") throughout the continental United States (the "Territory"). During the period that the Executive is employed by the Company and for the lesser of (a) the two (2) year period after the termination of the Executive's employment with the Company for any reason and/or (b) the period of time during which the Executive is entitled to receive any Base Salary continuation pursuant to Sections 5.2, 5.4, 5.5 or 5.6 hereof (collectively the "Protected Period"), the Executive shall not, directly or indirectly, have any equity or other ownership interest in, serve in any executive or managerial capacity for, or provide consulting or advice with respect to, any business activity that competes with the Company's Business in the Territory; provided, however, that this covenant shall not apply to the Executive's ownership of Common Stock of the Company or the acquisition by the Executive, solely as an investment, of securities of any issuer that is registered under Section 12(b) or 12(g) of the Securities Exchange Act of 1934, as amended, and that are listed or admitted for trading, on any United States national securities exchange or that are quoted on the National Association of Securities Dealers Automated Quotations System, or any similar system or automated dissemination of quotations of securities prices in common use, so long as the Executive does not control, acquire a controlling interest in or become a member of a group which exercises direct or indirect control or, more than five percent of any class of capital stock of such corporation.
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Non-compensation. The LESSEE may not offset from the Rent or Common Expenses any amount that may be owed by the LESSOR, whatever its concept, nor may she request the application of the Deposit to the payment of the Rent, Common Expenses or any amount owed to the LESSOR.
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Non-compensation. Volunteer understands and agrees that the Volunteer service is purely volunteer for which Volunteer shall not be compensated.
Sample 1
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Non-compensation. In the event CONTRACTOR is precluded from starting the service described herein for those excusable reasons cited in Section 10 hereinafter, CONTRACTOR shall not receive compensation under this Agreement for the period of the excusable delay. If the excusable delay occurs following the start of regularly scheduled service, on any day, CONTRACTOR shall be compensated as specified in Section 4 above.
Sample 1

Related to Non-compensation

  • Separation Compensation In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the following:

  • 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.

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

  • Consulting Compensation In consideration for the services to be provided by the Consultant pursuant to Section 1, above, the Consultant shall be compensated as follows:

  • Bonus Compensation The Executive shall not receive any bonus payment whatsoever pursuant to Section 3.02 or the Bonus Plan except such bonus which is already earned and due to be paid up to and including the Termination Date, notwithstanding any period following the Termination Date during which the Executive may receive any payments or benefits under the terms of the Agreement.

  • Compensation Benefits In accordance with Section 142 of the State Finance Law, this contract shall be void and of no force and effect unless the Contractor shall provide and maintain coverage during the life of this contract for the benefit of such employees as are required to be covered by the provisions of the Workers' Compensation Law.

  • Employee Compensation The wages, salaries and other compensation paid to employees who will be employed for the benefit of the Project, and to others who perform special services for the benefit of the Project, to the extent not otherwise paid through a Cash Management System, shall be paid by Owner from a Project Account pursuant to this Section 9.2.

  • Payment of Compensation Consultant shall submit to City a monthly itemized statement which indicates work completed and hours of Services rendered by Consultant. The statement shall describe the amount of Services and supplies provided since the initial commencement date, or since the start of the subsequent billing periods, as appropriate, through the date of the statement. City shall, within 30 days of receiving such statement, review the statement and pay all approved charges thereon.

  • Severance Compensation In the event (i) Employee terminates this Agreement for Good Reason in accordance with Paragraph 11.3 hereof; (ii) Employee is terminated for any reason (except death or disability) upon, or within six months following, a "Change in Management or Control (as such term is defined in Paragraph 11.5 hereof);" or (iii) Employee is terminated without Cause, the Company shall be obligated to pay severance compensation to Employee in an amount equal to his salary compensation (at the rate payable at the time of such termination) for a period of six (6) months from the date of termination. Notwithstanding the foregoing, if Employee is employed by a new employer, or as a consultant after the termination of this Agreement, the severance compensation payable to Employee hereunder shall be reduced by the amount of compensation that Employee actually receives from the new employer, or as a consultant. However, Employee shall have a duty to inform the Company that he has obtained such new employment, and the failure to do so is a material breach of this Agreement. In such event, the Company shall be entitled to (i) cease all payments to Employee under this Paragraph 11.4; and (ii) recover any unauthorized payments to Employee in an action for breach of contract. Notwithstanding anything else in this Agreement to the contrary, solely in the event of a termination upon or following a Change in Management or Control, the amount of severance compensation paid to Employee hereunder shall not include any amount that the Company is prohibited from deducting for federal income tax purposes by virtue of Section 280G of the Internal Revenue Code of 1986, as amended, or any successor provision. In addition to the foregoing severance compensation, the Company shall pay Employee (i) all compensation for services rendered hereunder and not previously paid; (ii) accrued vacation pay; and (iii) any appropriate business expenses incurred by Employee in connection with his duties hereunder and approved pursuant to Section 4 hereof, all through the date of termination. Employee shall not be entitled to any bonus compensation, whether vested or unvested; or any other compensation, benefits or reimbursement of any kind.

  • Compensation of Employees Compensate its employees for services rendered at an hourly rate at least equal to the minimum hourly rate prescribed by any applicable federal or state law or regulation.

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