Remuneration. 3.1. The Employee shall be paid a basic salary of ten thousand seven hundred Singapore dollars (SGD 10,700) per calendar month starting 1 May 2021. 3.2. All non-HDB dealings including but not limited to private property transactions must all be transacted through the Company. The employee is entitled to 50% of the commission received. 3.3. Existing HDB clients belonging to the Employee must all be transferred to Ohmyhome and be subsequently charged at Ohmyhome’s services rate. 3.4. The Employee’s salary shall be payable monthly in arrears not later than the 7th day of the following month. 3.5. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder. 3.6. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder. 3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required of the Company or you will be in accordance with current CPF legislation. 3.8. The Employee authorizes the Employer at any time during the Employee’s employment and/or on its termination to deduct any sums owed by the Employee to the Employer at any time from the Employee’s salary and/or from any other sums due to the Employee under this contract, including, but not limited to, any payment in lieu of notice and damages for breach of contract (“Authorized Deductions”). 3.9. The Employee’s remuneration shall be reviewed annually by the Employer. The Company is under no obligation to award an increase following a salary review. 3.10. A 13th month bonus shall be payable to Employee upon serving 12 months starting from the Commencement Date. 3.11. An annual bonus of no less than 1% of revenue shall be payable to Employee upon serving 12 months starting from the Commencement Date. 3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer. 3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 4 contracts
Sources: Employment Agreement (Ohmyhome LTD), Employment Agreement (Ohmyhome LTD), Employment Agreement (Ohmyhome LTD)
Remuneration. 3.1. The 4.1 On or after the Effective Date, the Employee shall be paid a basic monthly salary of ten thousand seven hundred Singapore dollars (SGD 10,700) per calendar month starting 1 May 202118000.
3.2. All non-HDB dealings including but not limited 4.2 The Employer and/or the Board may in its absolute discretion pay the Employee a bonus of such amount, at such intervals and subject to private property transactions must all be transacted through such conditions as the Company. The employee is entitled Employer and/or the Board may in its absolute discretion determine from time to 50% of the commission receivedtime.
3.3. Existing HDB clients belonging 4.3 Any bonus payment to the Employee must all shall be transferred purely discretionary and shall not form part of the Employee’s contractual remuneration under this Agreement. If the Employer makes a bonus payment to Ohmyhome and the Employee in respect of a particular financial year of the Employer, it shall not be subsequently charged obliged to make subsequent bonus payments in respect of subsequent financial years of the Employer. Notwithstanding this Clause 4.3, the Employee shall in any event have no right to a bonus or a time apportioned bonus if:
(i) the Employee has not been employed throughout the whole of the relevant financial year of the Employer; or
(ii) the employment terminates for any reason or the Employee is under notice of termination (whether given by the Employee or the Employer) at Ohmyhome’s services rateor prior to the date when a bonus might have otherwise been payable.
3.4. 4.4 The Employee’s salary shall accrue from day to day and be payable monthly (the “Salary Period”) in arrears not no later than seven (7) days after the 7th day end of Salary Period and an itemised pay slip with the details will be given to the Employee.
4.5 The Employee shall be entitled to the following month.fixed allowances per Salary Period: Mobile Allowance 0 Transport Allowance 0
3.5. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.6. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required of the Company or you will be in accordance with current CPF legislation.
3.8. The Employee authorizes the Employer at any time during the Employee’s employment and/or on its termination to deduct any sums owed by the Employee to the Employer at any time from the Employee’s salary and/or from any other sums due to the Employee under this contract, including, but not limited to, any payment in lieu of notice and damages for breach of contract (“Authorized Deductions”).
3.9. 4.6 The Employee’s remuneration monthly salary shall be reviewed annually subjected to the annual review by the EmployerPlatinum’s Remuneration Committee. The Company Employer is under no obligation to award an increase following a salary review.
3.10. A 13th month bonus 4.7 The Employer shall be payable entitled to Employee upon serving 12 months starting deduct from the Commencement Date.
3.11. An annual bonus of no less than 1% of revenue shall be payable Employee’s remuneration (including salary and bonuses) all sums from time to Employee upon serving 12 months starting time owing from the Commencement DateEmployee to any Group Company.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 4 contracts
Sources: Employment Agreement (Platinum Analytics Cayman LTD), Employment Agreement (Platinum Analytics Cayman LTD), Employment Agreement (Platinum Analytics Cayman LTD)
Remuneration. 3.11. The Employee Member of the Management Board shall receive for his activity a gross annual salary in the amount of payable in 12 equal monthly installments to an account to be paid a basic salary identified by the Member of ten thousand seven hundred Singapore dollars the Management Board, as well as the statutory employer contributions to the health insurance (SGD 10,700) per calendar month starting 1 May 2021.
3.2. All non-HDB dealings including but not limited to private property transactions must all be transacted through the CompanyKranken- und Pflegeversicherung). The employee is entitled to 50% of the commission received.
3.3. Existing HDB clients belonging to the Employee must all be transferred to Ohmyhome and be subsequently charged at Ohmyhome’s services rate.
3.4. The Employee’s annual salary shall be payable monthly in arrears not later than the 7th day of the following month.
3.5. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.6. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required of the Company or you will be in accordance with current CPF legislation.
3.8. The Employee authorizes the Employer at any time during the Employee’s employment and/or on its termination to deduct any sums owed by the Employee to the Employer at any time from the Employee’s salary and/or from any other sums due to the Employee under this contract, including, but not limited to, any payment in lieu of notice and damages for breach of contract (“Authorized Deductions”).
3.9. The Employee’s remuneration shall be reviewed annually in the third quarter. Die financial development of the Company, the personal performance of the Member of the Management Board and the costs of living shall be taken into consideration.
2. The annual payment of a bonus is further provided as compensation for the Management Board Member. Payments of regular, ex gratia, profit-sharing, or other bonuses and other benefits shall be made at the recommendation of the chief executive officer (CEO) and are at the absolute discretion of the Supervisory Board. Such benefits may serve as the basis for no legal claim, even if the payment was made repeatedly without an express proviso as to its nonobligatory nature. A contrary provision applies only if the payment is governed by a works agreement or a collective bargaining agreement. If the Management Board Member resigns over the course of the calendar year, he is entitled to a pro rata share.
3. At the earliest possible time following the signing of this Agreement, the Member of the Management Board shall receive as part of his remuneration a one-time amount of 83,000 convertible bonds with a conversion price corresponding to the average of the prices of the GPC Biotech stock in the XETRA closing auction on the five days prior to the issue date of the stock options to the Member of the Management Board. This presupposes that the new “conditional capital” necessary therefor has been created by the EmployerGPC Biotech 2007 General Meeting of Shareholders. If the General Meeting of Shareholders 2007 does not authorize new convertible bonds, the Member of the Management Board shall receive 50,000 stock options instead. This presupposes that the new “conditional capital” necessary therefor has been created by the GPC Biotech 2007 General Meeting of Shareholders. Said convertible bonds (or Options) shall vest in 4 annual tranches of 20,750 convertible bonds (or 12,500 options) each. If the Supervisory Board resolves not to appoint the Management Board Member to a new term in office under comparable terms and conditions, all 83,000 of the convertible bonds (or 50,000 of these options) shall vest on an accelerated basis as of February 28, 2011. The Company is under no obligation structure of the convertible bonds (or options) shall be based on the applicable terms and conditions for such convertible bonds (or options). The Supervisory Board reserves the right to award an increase following a salary reviewissue further options to the Management Board Member during the term of the Service Agreement as additional performance-based compensation. Further options and/or convertible bonds shall be issued at the recommendation of the chief executive officer (CEO) and are at the sole discretion of the Supervisory Board.
3.104. A 13th month bonus The entirety of the Management Board Member’s claim arising from his activity shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.11. An annual bonus of no less than 1% of revenue shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne deemed settled by the Employerremuneration pursuant to the preceding paragraphs.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 3 contracts
Sources: Service Agreement (GPC Biotech Ag), Service Agreement (GPC Biotech Ag), Service Agreement (GPC Biotech Ag)
Remuneration. 3.1. The Employee shall 7.1 Employees will be paid a basic salary of ten thousand seven hundred Singapore dollars (SGD 10,700) per calendar month starting 1 May 2021.
3.2. All non-HDB dealings including but not limited to private property transactions must all be transacted through the Company. The employee is entitled to 50% of the commission received.
3.3. Existing HDB clients belonging to the Employee must all be transferred to Ohmyhome and be subsequently charged at Ohmyhome’s services rate.
3.4. The Employee’s salary shall be payable monthly in arrears not later than the 7th day of the following month.
3.5. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee an annual fixed cash reward for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.6. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required of the Company or you will be in accordance with current CPF legislation.
3.8. The Employee authorizes the Employer at any time during the Employee’s employment and/or on its termination to deduct any sums owed by the Employee to the Employer at any time from the Employee’s salary and/or from any other sums due to the Employee under this contract, including, but not limited to, any payment in lieu of notice and damages for breach of contract their roster (“Authorized DeductionsAnnual Salary”).
3.97.2 The Annual Salary includes compensation for:
(a) all allowances (unless otherwise prescribed by this Agreement), disabilities, skills; and
(b) any other loadings, penalties, overtime or other payments that would have been applicable to rostered hours in the applicable roster under the relevant modern award. This includes compensation for working on rosters which cover weekends, public holidays, and day/afternoon/night shifts.
7.3 The Annual Salary is set out in the Employee’s contract of employment, as amended from time to time. The commencement of this Agreement does not have the effect of reducing the Annual Salary payable to any Employee under their contract of employment for their roster and in operation immediately prior to commencement of this Agreement. During the term of this Agreement, an Employee’s remuneration shall Annual Salary:
(a) will not be reduced, unless the Employee changes to a roster or a position with a different Annual Salary; and
(b) will be reviewed annually as part of the Company’s reward process, with outcomes to be determined at Company discretion.
7.4 The minimum Annual Salary payable under this Agreement to an Employee for working any roster will be not less than the Above Award Guarantee. An Employee’s Annual Salary may be higher than required by the EmployerAbove Award Guarantee.
7.5 For the purposes of this Agreement:
(a) subject to clause 7.8, the “Above Award Guarantee” is a guarantee that the Annual Salary payable to every Employee will be at least 105% of the amount that would have been payable to an Employee under the relevant modern award for working the roster on which they are working;
(b) the “relevant modern award” in relation to any Employee is the modern award that would have applied to that Employee if this Agreement did not apply to that Employee.
7.6 The Company will notify Employees of the Above Award Guarantee for their roster:
(a) on commencement of employment;
(b) on any change of roster or position; and
(c) between 1 and 15 July each year.
7.7 For the purpose of Section 16 of the FW Act the minimum modern award pay level for an Employee will be not less than 105% of their hourly base rate of pay in the relevant modern award, subject to clause 7.8.
7.8 For the purpose of calculating an Employee’s Above Award Guarantee under this Agreement, the minimum modern award pay level upon which an individual Employee’s Above Award Guarantee will be based is as follows: Non Trades Mine Worker Level 4 Trades All tradespersons principally performing work on Light Vehicle maintenance and repairs Mine Worker - Advanced Level 6 Other tradespersons 0-2 years trade qualified experience Mine Worker - Advanced Level 6 This clause 7.8 does not apply to Apprentices and Trainees. The Company is under no obligation Above Award Guarantee for Apprentices and Trainees will be based on the minimum modern award pay level appropriate to award an increase following a salary reviewtheir year of apprenticeship or traineeship.
3.10. A 13th month bonus shall 7.9 Un-rostered overtime
(a) Any un-rostered overtime worked by Employees will be payable to Employee upon serving 12 months starting from paid at:
(i) other than on public holidays, at double the Commencement DateAbove Award Guarantee hourly roster rate for each hour of un-rostered overtime; and
(ii) on public holidays, at triple the Above Award Guarantee hourly roster rate for each hour of un-rostered overtime.
3.11. An annual bonus (b) The Above Award Guarantee hourly roster rate for the purpose of no calculating the un-rostered overtime rate will not be less than 1% the rate calculated by dividing the Above Award Guarantee that is payable for the Employee’s roster by the number of revenue shall be payable rostered hours per annum for the Employee’s roster. The commencement of this Agreement does not have the effect of reducing the un- rostered overtime rate currently paid to any Employee upon serving 12 months starting from the Commencement Datefor their roster and in operation immediately prior to commencement of this Agreement.
3.12. Employee’s annual renewal (c) Alternatively, an Employee and the Company may agree in writing to the Employee taking time off instead of CEA license and CPD course fees will be borne being paid for a particular amount of un- rostered overtime that has been worked by the EmployerEmployee.
3.13. Additional Incentives payable 7.10 Where un-rostered overtime work is necessary it must be arranged so that Employees have at least 10 consecutive hours break between work on successive shifts.
7.11 In calculating overtime, each shift is to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25be treated separately.
Appears in 2 contracts
Sources: Operations Services Maintenance Agreement, Operations Services Maintenance Agreement
Remuneration. 3.1The Fund shall pay to the Adviser for its services to the Fund a management fee (the “Management Fee”) and an Incentive Fee (the “Incentive Fee”) as set forth herein. The Employee Fund shall make any payments due hereunder to the Adviser (or to the Adviser’s designee as the Adviser may otherwise direct).
(a) The Management Fee shall be paid a basic salary calculated at an annual rate of ten thousand seven hundred Singapore dollars (SGD 10,700) per calendar month starting 1 May 2021.
3.2. All non-HDB dealings including but not limited to private property transactions must all be transacted through the Company. The employee is entitled to 501.25% of the commission received.
3.3. Existing HDB clients belonging to Fund’s net assets at the Employee must all be transferred to Ohmyhome and be subsequently charged at Ohmyhome’s services rate.
3.4. The Employee’s salary shall be payable monthly in arrears not later than the 7th day end of the following month.
3.5. Unless otherwise approved in writing by most recently completed calendar quarter; provided that the Employer, the Employer Management Fee shall not be required greater than 1.25% of the Fund’s total assets (excluding cash and cash equivalents) at the end of the most recently completed calendar quarter. The Management Fee will be payable quarterly in arrears. The Management Fee for any partial quarter will be appropriately prorated.
(c) The Incentive Fee shall consist of two components that are independent of each other, with the result that one component may be payable even if the other is not. A portion of the Incentive Fee is based on the Fund’s income (such fee referred to reimburse herein as the Employee for traveling“Subordinated Incentive Fee on Income”) and a portion is based on the Fund’s capital gains (such fee referred to herein as the “Incentive Fee on Capital Gains”), entertainmenteach as described below.
(i) The Subordinated Incentive Fee on Income will be determined and paid quarterly in arrears based on the amount by which (x) the “Pre-Incentive Fee Net Investment Income” (as defined below) in respect of the current calendar quarter and the eleven preceding calendar quarters (in either case, overtime pay for working beyond the normal work hours “Trailing Twelve Quarters”) exceeds (y) the Preferred Return Amount (as defined below) in respect of the Trailing Twelve Quarters. For the purposes of the Incentive Fee calculations, each calendar quarter comprising the relevant Trailing Twelve Quarters that commenced prior to October 1, 2023 shall be known as a “Legacy Fee Quarter” while a calendar quarter that commenced on or after October 1, 2023 shall be known as a “Current Fee Quarter.” The Preferred Return Amount will be determined on a quarterly basis, and other expenses incurred will be calculated by multiplying 1.75% by the Employee Fund’s net asset value at the beginning of each applicable calendar quarter comprising the relevant Trailing Twelve Quarters. The Preferred Return Amount will be calculated after making appropriate adjustments to the Fund’s net asset value at the beginning of each applicable calendar quarter for Fund subscriptions and distributions during the applicable calendar quarter. Subject to Section 5(c)(ii) below, the amount of the Subordinated Incentive Fee on Income that will be paid to the Adviser for a particular quarter will equal the excess of the Subordinated Incentive Fee on Income so calculated less the aggregate Subordinated Incentive Fees on Income that were paid to the Adviser and/or earned, but waived, by the Adviser, in the performance of preceding eleven calendar quarters (or portion thereof) comprising the Employee’s duties hereunderrelevant Trailing Twelve Quarters.
3.6. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required of the Company or you will be in accordance with current CPF legislation.
3.8. The Employee authorizes the Employer at any time during the Employee’s employment and/or on its termination to deduct any sums owed by the Employee to the Employer at any time from the Employee’s salary and/or from any other sums due to the Employee under this contract, including, but not limited to, any payment in lieu of notice and damages for breach of contract (“Authorized Deductions”).
3.9. The Employee’s remuneration shall be reviewed annually by the Employer. The Company is under no obligation to award an increase following a salary review.
3.10. A 13th month bonus shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.11. An annual bonus of no less than 1% of revenue shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 2 contracts
Sources: Investment Advisory Agreement (Onex Direct Lending BDC Fund), Investment Advisory Agreement (Onex Direct Lending BDC Fund)
Remuneration. 3.1. The Employee 7.1 Subject to the approval of the shareholders of GFI, as remuneration for the services to be rendered by him to the Company pursuant to this Agreement, the Company shall pay to the Director with effect as from the commencement hereof (as provided for in paragraph 2.3 above) a remuneration package consisting of the following (and further amplified in Annexure A):
7.1.1 A Gross Remuneration Package (GRP) at an annual rate of R3 201 000 (Three million two hundred and one thousand Rand) payable in South Africa in South African Rands in twelve monthly instalments, in arrears, on or before the last day of each month, for the duration hereof; and which salary shall be deemed to accrue from day to day; provided that the Director may elect or shall be required, as the case may be, to participate in the benefits set out below and, where applicable, to be funded from the GRP; the balance of the GRP shall be paid a basic in cash. Such salary of ten thousand seven hundred Singapore dollars (SGD 10,700) per calendar month starting will be reviewed annually for possible adjustment effective 1 May 2021January each year.
3.2. All non-HDB dealings including but not limited to private property transactions must all be transacted through 7.1.2 Compulsory membership of a retirement fund, nominated by the Company, currently the Gold Fields Limited Corporate Retirement Fund. The employee is entitled to 50Company will contribute 20% of the commission receivedDirector’s elected Pensionable Emoluments to such fund which amount shall be paid out of the GRP in arrears.
3.3. Existing HDB clients belonging to 7.1.3 Voluntary participation in the Employee must all be transferred to Ohmyhome and be subsequently charged at OhmyhomeCompany’s services rateVehicle Schemes.
3.4. 7.1.4 The Employee’s salary Director shall be payable monthly in arrears not later than the 7th day of the following month.
3.5. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse participate in the Employee for travelingCompany’s nominated medical scheme, entertainmentwhich may be changed by the Company from time to time. The Director hereby acknowledges that as at the date hereof he has full knowledge of the constitution and rules of the scheme and of the fact that such contributions escalate, overtime pay for working beyond from time to time. Total contributions are payable by the normal work Company and are deducted from the GRP set out in 7.
1.1. Upon retirement the Director may elect to remain a member of the scheme provided that total contributions payable shall be made by the Director.
7.1.5 The Director shall be required to participate in the Group Personal Accident Policy in terms of the rules applicable to such policy from time to time.
7.2 In the light of the travelling requirements of this post the Company undertakes to provide 24 hours security coverage at the residence of the Director.
7.3 The Director will be reimbursed in Rands in respect of all actual expenditure which is wholly and other expenses necessarily incurred by him on behalf of the Employee Group in the performance of the Employee’s his duties hereunder.
3.6. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance against presentation of the Employee’s duties hereunder.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required of such vouchers as the Company or you will be in accordance with current CPF legislationmay require.
3.8. The Employee authorizes the Employer at any time during the Employee’s employment and/or on its termination to deduct any sums owed by the Employee to the Employer at any time from the Employee’s salary and/or from any other sums due to the Employee under this contract, including, but not limited to, any payment in lieu of notice and damages for breach of contract (“Authorized Deductions”).
3.9. The Employee’s remuneration shall be reviewed annually by the Employer. The Company is under no obligation to award an increase following a salary review.
3.10. A 13th month bonus shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.11. An annual bonus of no less than 1% of revenue shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 2 contracts
Sources: Service Agreement (Gold Fields LTD), Service Agreement (Gold Fields LTD)
Remuneration. 3.14.1 The current prices for Videos and articles as listed on the internet site at the respective time by Clipdealer or its Partners shall apply. The Employee Price List may be amended upon prior notification and at Clipdealer's discretion. The changes shall be paid a basic salary posted in good time on the website and shall become effective two weeks after posting. Should the price change to the Authors' disadvantage, the Author shall have the opportunity to extraordinarily terminate the licence regarding the Content upon 2 weeks' notice. However, after expiry of ten thousand seven hundred Singapore dollars (SGD 10,700) per calendar month starting 1 May 2021this period, Clipdealer and its Partners shall continue to have the right to exploit the Content at the old prices for another 3 months.
3.2. All non-HDB dealings including but not limited to private property transactions must all be transacted through 4.2 For the Company. The employee is entitled provision of the Content, the Author shall receive a share amounting to 50% of the commission receivednet turnover from all royalties falling due (royalties according to price list, less any rebates or other special rates).
3.34.3 Net turnover is defined as
(a) the remuneration paid by the Customer, less • any customer rebates granted; • payable taxes or other charges due under applicable laws; • lawyers' fees and other adequate fees incurred during the enforcement of the present contract or the Customer Licence Agreement; • fees charged for the transaction by a financial institution (PayPal, others); • third-party costs incurred in connection with the transaction.
(b) the remuneration paid to Clipdealer by the Partners for the exploitation of the Content (= less Partner commissions).
4.4 Costs for advertising commissions (such as affiliate programmes, gift promotions) shall, however, always be borne by Clipdealer alone.
4.5 Remuneration is due when payment by the Customer for the licence has been received by Clipdealer.
4.6 Payout of the credit balance must be applied for with Clipdealer. Existing HDB clients belonging For this purpose, the Member will have to click "Request payment" in the Employee must all member area, thus applying for payout of the credit balance. The share of the income from the purchased Content will be transferred at the beginning of the month following the application, provided that the credit balance has reached a minimum value of 50 €; if the amount is below 50 €, payout of the credit can only be applied for once the credit sum has exceeded this minimum amount. Upon written request, sums below the minimum amount can be paid out by Clipdealer once per quarter for a processing fee of 5 €. If the credit balance is to be transferred to Ohmyhome and be subsequently charged at Ohmyhome’s services rate.
3.4. The Employee’s salary an account in a foreign country, the Author shall be payable monthly in arrears not later than the 7th day of the following month.
3.5any costs incurred for this. Unless otherwise approved in writing by the Employer, the Employer Fees for payment providers such as PayPal shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.6. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required of the Company or you will be in accordance with current CPF legislation.
3.8. The Employee authorizes the Employer at any time during the Employee’s employment and/or on its termination to deduct any sums owed by the Employee to the Employer at any time from the Employee’s salary and/or from any other sums due to the Employee under this contract, including, but not limited to, any payment in lieu of notice and damages for breach of contract (“Authorized Deductions”).
3.9. The Employee’s remuneration shall be reviewed annually by the Employer. The Company is under no obligation to award an increase following a salary review.
3.10. A 13th month bonus shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.11. An annual bonus of no less than 1% of revenue shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the EmployerClipdealer.
3.13. Additional Incentives payable 4.7 Clipdealer shall have the right to Employee upon completion request repayment of any credit already paid out, if the transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25is subsequently cancelled or is invalid (e.g. credit card chargebacks).
Appears in 2 contracts
Sources: Author's Licence Agreement, Author's Licence Agreement
Remuneration. 3.1. The Employee shall be paid a basic salary of ten thousand seven hundred Singapore dollars (SGD 10,700) per calendar month starting 1 May 2021.
3.2. All non-HDB dealings including but not limited to private property transactions must all be transacted through the Company. The employee is entitled to 50% of the commission received.
3.3. Existing HDB clients belonging to the Employee must all be transferred to Ohmyhome and be subsequently charged at Ohmyhome’s services rate.
3.45.01. The Employee’s salary shall be payable monthly in arrears not later than € [ INSERT FIGURE] gross [PER ANNUM/PER MONTH/PER WEEK/PER HOUR-DELETE AS APPROPRIATE] paid by the 7th day Employer [WEEKLY/FORTNIGHTLY/MONTHLY-DELETE AS APPROPRIATE] [IN ARREARS] subject to the deduction of the following monthall necessary payroll deductions. The Employee’s salary will be paid by [INSERT METHOD OF PAYMENT E.G. CHEQUE/BANK TRANSFER].
3.55.02. Unless otherwise approved in writing by Overtime is/is not payable [DELETE AS APPROPRIATE). IF OVERTIME IS PAYABLE THE RATE SHOULD BE SET OUT AND IT SHOULD BE STATED “PAYMENT FOR OVERTIME WILL ONLY APPLY TO WORK CONDUCTED OUTSIDE OF THE EMPLOYEE’S HOURS OF WORK WITH THE EXPLICIT AUTHORISATION OF THE EMPLOYER. THE EMPLOYEE MAY RECEIVE TIME OFF IN LIEU OF PAYMENT FOR OVERTIME. THIS WILL BE AT THE SOLE DISCRETION OF THE EMPLOYER”
5.03. The Employee acknowledges and agrees that the Employer has the right to deduct from the Employee’s pay, any sums which the Employee may owe to the Employer, including without limitation, any overpayments or loans made to the Employee by the Employer or losses suffered by the Employer as a result of the Employee’s negligence or breach of the Employer’s/School’s rules.
5.04. THIS CLAUSE IS OPTIONAL AND DOES NOT HAVE TO BE INCLUDED-The Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other all proper reasonable vouched expenses incurred by the Employee him/her in the performance carrying out any business on behalf of the Employee’s duties hereunder.
3.6. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required of the Company or you will be in accordance with current CPF legislation.
3.8. The Employee authorizes the Employer at any time during the Employee’s employment and/or on its termination to deduct any sums owed by the Employee to the Employer at any time from the Employee’s salary and/or from any other sums due to the Employee under this contract, including, but not limited to, any payment in lieu of notice and damages for breach of contract (“Authorized Deductions”).
3.9. The Employee’s remuneration shall be reviewed annually by the Employer. The Company is under no obligation Employee shall comply with such rules as may from time to award an increase following a salary review.
3.10. A 13th month bonus shall time be payable to Employee upon serving 12 months starting from the Commencement Date.
3.11. An annual bonus of no less than 1% of revenue shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne stipulated by the EmployerEmployer regarding the approval of and vouching of such expenses.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 2 contracts
Sources: Contract of Employment, Contract of Employment
Remuneration. 3.1. The 4.1 On or after the Effective Date, the Employee shall be paid a basic monthly salary of ten thousand seven hundred Singapore dollars (SGD 10,700) per calendar month starting 1 May 202112500.
3.2. All non-HDB dealings including but not limited 4.2 The Employer and/or the Board may in its absolute discretion pay the Employee a bonus of such amount, at such intervals and subject to private property transactions must all be transacted through such conditions as the Company. The employee is entitled Employer and/or the Board may in its absolute discretion determine from time to 50% of the commission receivedtime.
3.3. Existing HDB clients belonging 4.3 Any bonus payment to the Employee must all shall be transferred purely discretionary and shall not form part of the Employee’s contractual remuneration under this Agreement. If the Employer makes a bonus payment to Ohmyhome and the Employee in respect of a particular financial year of the Employer, it shall not be subsequently charged obliged to make subsequent bonus payments in respect of subsequent financial years of the Employer. Notwithstanding this Clause 4.3, the Employee shall in any event have no right to a bonus or a time apportioned bonus if:
(i) the Employee has not been employed throughout the whole of the relevant financial year of the Employer; or
(ii) the employment terminates for any reason or the Employee is under notice of termination (whether given by the Employee or the Employer) at Ohmyhome’s services rateor prior to the date when a bonus might have otherwise been payable.
3.4. 4.4 The Employee’s salary shall accrue from day to day and be payable monthly (the “Salary Period”) in arrears not no later than seven (7) days after the 7th day end of Salary Period and an itemised pay slip with the details will be given to the Employee.
4.5 The Employee shall be entitled to the following month.fixed allowances per Salary Period: Mobile Allowance 0 Transport Allowance 0
3.5. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.6. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required of the Company or you will be in accordance with current CPF legislation.
3.8. The Employee authorizes the Employer at any time during the Employee’s employment and/or on its termination to deduct any sums owed by the Employee to the Employer at any time from the Employee’s salary and/or from any other sums due to the Employee under this contract, including, but not limited to, any payment in lieu of notice and damages for breach of contract (“Authorized Deductions”).
3.9. 4.6 The Employee’s remuneration monthly salary shall be reviewed annually subjected to the annual review by the EmployerPlatinum’s Remuneration Committee. The Company Employer is under no obligation to award an increase following a salary review.
3.10. A 13th month bonus 4.7 The Employer shall be payable entitled to Employee upon serving 12 months starting deduct from the Commencement Date.
3.11. An annual bonus of no less than 1% of revenue shall be payable Employee’s remuneration (including salary and bonuses) all sums from time to Employee upon serving 12 months starting time owing from the Commencement DateEmployee to any Group Company.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 2 contracts
Sources: Employment Agreement (Platinum Analytics Cayman LTD), Employment Agreement (Platinum Analytics Cayman LTD)
Remuneration. 3.1. The 7.1 During the Term, the Company shall pay to the Employee shall be paid a basic salary calculated on the annualized rate set out in the Particulars (which excludes the value of ten thousand seven hundred Singapore dollars any benefits referred to in this Contract) (SGD 10,700) per the “Basic Salary”). The Basic Salary will be payable in equal monthly instalments in the amount specified in the Particulars in arrears on or around the last working day of each relevant calendar month starting 1 May 2021and pro-rated where required.
3.2. All non-HDB dealings including but not limited 7.2 The Employee specifically acknowledges and agrees that the Basic Salary is inclusive of any and all reward, award, remuneration, or other compensation that the Employee may be entitled to private property transactions must all be transacted through as a result of any conception, creation, development, derivation or other exploitation of any Intellectual Property Rights of the Company. Company and/or its Affiliates under any applicable law.
7.3 The employee Company may, in its sole discretion, determine whether the Employee is entitled to 50% a bonus (pursuant to the Company’s MBO bonus plan) in respect of each complete financial year of the commission received.
3.3. Existing HDB clients belonging Company (which runs from 1 January to the Employee must all be transferred to Ohmyhome and be subsequently charged at Ohmyhome’s services rate.
3.431 December). The Employee’s salary shall be payable monthly in arrears not later than the 7th day target amount of the following month.
3.5. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance annual discretionary bonus is 80% of the Employee’s duties hereunderBasic Salary earned during the plan year. To be eligible to receive an MBO payment, the Employee must not have, at the relevant payment date of the MBO payment, received or submitted any notice of termination of the Employment. The Company may withdraw, suspend or amend any bonus plan from time to time in its absolute discretion.
3.6. Unless otherwise approved in writing by the Employer, the Employer 7.4 The Company shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond in respect of all expenses reasonably incurred in the normal work hours proper performance of his duties hereunder and other expenses incurred approved by his/her supervisor subject to the Employee providing such valid receipts or other evidence as the Company may require and subject to the Company's expenses rules and policies in the performance of the Employee’s duties hereunderplace from time to time.
3.7. All payments of salary are subject 7.5 Subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required of local laws, the Employee agrees that the Company or you will be in accordance with current CPF legislation.
3.8. The Employee authorizes the Employer at any time during the Employee’s employment and/or on its termination to may deduct any sums owed by the Employee to the Employer at any time from the Employee’s salary and/or Company from any other sums due owed to the Employee under this contract, by the Company including, but not limited to, any payment in lieu of notice and damages for breach of contract (“Authorized Deductions”).
3.9. The overpayments, loans or advances made to the Employee’s remuneration shall be reviewed annually by the Employer. The Company is under no obligation to award an increase following a salary review.
3.10. A 13th month bonus shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.11. An annual bonus of no less than 1% of revenue shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated , any monies owed on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25corporate credit card, any costs incurred due to excessive mobile phone use where it is deemed to be personal rather than business-related or any unauthorized or non-business related expenses.
Appears in 1 contract
Sources: Employment Contract (GoDaddy Inc.)
Remuneration. 3.1. 4.01 The Employer shall pay to the Employee shall be paid a basic minimum annual base salary of ten thousand seven hundred Singapore dollars One Hundred Twenty-Five Thousand Dollars (SGD 10,700$125,000 US) per calendar month starting 1 May 2021.
3.2. All non(as adjusted from time to time pursuant to this Agreement, the “Base Salary”) in bi-HDB dealings including but not limited to private property transactions must all weekly installments with the provision that the Base Salary will be transacted through increased, if necessary, so that, during the Company. The employee is entitled to 50first year of this Agreement, Employee’s Base Salary will be at least 65% of the commission receivedhighest annual base salary paid to any employee of Employer, and thereafter, Employee’s Base Salary will be at least 75% of the highest annual base salary paid to any employee of Employer.
3.3. Existing HDB clients belonging 4.02 Prior to the first day of each fiscal year of Employer during Employee’s employment under this Agreement, the Employer and Employee must all shall negotiate a Base Salary adjustment, stock option, and bonus provision, which may increase but shall not reduce Employee’s remuneration under this Agreement. Employee shall receive annual stock options equal to a minimum of four (4) times the total number of options granted to the Employer’s outside directors; provided, however, that nothing in this Section 4.02 shall limit Employer’s discretion to award additional stock options in its sole discretion. Any mutually agreed Base Salary increase shall replace the minimum salary amounts contained in subparagraph 4.01 without changing the meaning of any of the other provisions of this Agreement. In determining an appropriate salary increase, consideration shall be transferred given to Ohmyhome the Employee’s performance in the previous year and be subsequently charged at Ohmyhome’s services ratehis salary level in comparison to that of other senior executive employees.
3.4. 4.03 The Employer shall pay for and provide the Employee with the following benefit plans:
(a) Full medical and dental coverage as accorded any other senior executive employee.
(b) Disability insurance with a waiting period not to exceed ninety (90) days and with monthly benefits not less than six thousand five hundred dollars ($6,500).
(c) Annual executive physical examination.
(d) All other retirement, savings, incentive, and/or benefit plans and programs granted from time to time to any other senior executive.
4.04 Employee hereby authorizes the Employer to deduct from the Employee’s salary shall all deductions required by law to be payable monthly in arrears not later than the 7th day of the following month.
3.5. Unless otherwise approved in writing made by the Employer, the .
4.05 Employer shall not be required to reimburse furnish the Employee for travelingwith an automobile, entertainmentof a price and class similar to that currently used by the Employee, overtime pay for working beyond the normal work hours and other expenses incurred to be used by the Employee in the performance of his duties under this Agreement, and the Employer shall pay Six Hundred Dollars ($600.00 U.S.) per month for the leasing, fuel and maintenance expenses of the automobile.
4.06 Employer shall provide, at no expense to the Employee, a term life insurance policy in the amount of $1.5 Million (US Dollars) on the life of the Employee and payable to the Employee’s duties hereunderdesignated beneficiary.
3.6. Unless otherwise approved in writing by 4.07 If it is determined that any payment to the Employee pursuant to this Agreement or any other payment or benefit from the Employer, any affiliate or shareholder of the Employer shall not or any other person would be required subject to reimburse the excise tax imposed by Section 4999 of the Code or any similar tax payable under any United States federal, state, local or other law, then the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours shall receive a tax gross-up payment with respect to all such excise taxes and other expenses incurred by the Employee in the performance of the Employee’s duties hereundersimilar taxes.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required of the Company or you will be in accordance with current CPF legislation.
3.8. The Employee authorizes the Employer at any time during the Employee’s employment and/or on its termination to deduct any sums owed by the Employee to the Employer at any time from the Employee’s salary and/or from any other sums due to the Employee under this contract, including, but not limited to, any payment in lieu of notice and damages for breach of contract (“Authorized Deductions”).
3.9. The Employee’s remuneration shall be reviewed annually by the Employer. The Company is under no obligation to award an increase following a salary review.
3.10. A 13th month bonus shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.11. An annual bonus of no less than 1% of revenue shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 1 contract
Sources: Employment Agreement (Jones Soda Co)
Remuneration. 3.16.1 During the Appointment, the Executive's base salary will be US$400,000.00 (four hundred thousand United States dollars) each year during the Term (the "Salary"). The Employee shall be paid a basic salary of ten thousand seven hundred Singapore dollars (SGD 10,700) per calendar month starting 1 May 2021.
3.2. All non-HDB dealings including but not limited to private property transactions must all be transacted through the Company. The employee is entitled to 50% of the commission received.
3.3. Existing HDB clients belonging to the Employee must all be transferred to Ohmyhome and be subsequently charged at Ohmyhome’s services rate.
3.4. The Employee’s salary Salary shall be payable in equal instalments to the Executive, monthly in arrears not later than arrears.
6.2 During the 7th day Appointment, the Company may award the Executive an annual incentive bonus (the "Bonus"). The Bonus will comprise two elements. The first element of the following monthBonus will be purely discretionary and the amount of such Bonus shall be determined by the Compensation Committee in its sole discretion. This element of the Bonus will be calculated based upon the Compensation Committee's assessment of the Executive's performance and its assessment of whether the Company has attained its material strategic and financial objectives (the "Strategic Bonus Payment"). The remaining element of the Bonus will be calculated in accordance with clause 6.3 below. The parties agree that the parameters against which the Strategic Bonus Payment will be paid (in whole or part) and the percentage of the overall Bonus which shall be constituted by the Strategic Bonus Payment will be set annually by the Compensation Committee in consultation with the Executive. The Bonus will be payable on a pro rata basis for each calendar year or partial calendar year of the Appointment.
3.5. Unless otherwise approved in writing by 6.3 The second element of the Employer, Bonus will be calculated based purely on the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the financial performance of the Employee’s duties hereunder.
3.6SBS Group. Unless otherwise In determining this element of the Bonus, the amount of EBITDA budgeted for each calendar year (each a "Financial Period") in the relevant annual budget approved in writing by the Employer, Board for the Employer shall not be required SBS Group for that Financial Period (the "Budgeted EBITDA") (as adjusted from time to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required of the Company or you will be time in accordance with current CPF legislationclause 6.4) will be compared against the amount of EBITDA recorded in the audited consolidated accounts of SBS (the "Actual EBITDA") which are approved by the Board for that Financial Period. The Company agrees that this element of the Bonus is payable in the amounts set out below:
(a) If Actual EBITDA is equal to Budgeted EBITDA for any Financial Period, the amount of the Bonus payable pursuant to clause 6.3 shall be equal to US$300,000 (the "Minimum Bonus Payment"). For each 1% by which the Actual EBITDA exceeds Budgeted EBITDA in any Financial Period, the amount of the Minimum Bonus Payment shall be increased by US$15,000 up to the total maximum bonus payment of US$750,000 (i.e. where Actual EBITDA is 30% above Budgeted EBITDA for the relevant Financial Period) and which sum includes, for the avoidance of doubt, the Minimum Bonus Payment.
3.8(b) If Actual EBITDA for any Financial Period is no less than 95% of Budgeted EBITDA for that period (the "Threshold"), the Minimum Bonus Payment will be paid in full.
(c) Where Actual EBITDA is below the Threshold for any Financial Period, for each further 1% by which Actual EBITDA is less than the Budgeted EBITDA during that Financial Period, the Minimum Bonus Payment shall be reduced by (US$20,000) provided that if for any Financial Period, Actual EBITDA is less than 80% of Budgeted EBITDA no bonus payment under this clause 6.3 will be payable at all. The Employee authorizes For the Employer at any time during purposes of calculating the Employee’s employment and/or on its termination to deduct any sums owed amount by which the Employee Minimum Bonus Payment should be increased or decreased in accordance with the provisions of this sub-clause, the percentage by which Actual EBITDA exceeds or is less than Budgeted EBITDA shall be rounded up or down to the Employer at any time from the Employee’s salary and/or from any other sums due nearest whole number (for example, 84.50% is rounded up to the Employee under this contract, including, but not limited to, any payment in lieu of notice 85% and damages for breach of contract (“Authorized Deductions”84.49% is rounded down to 84%).
3.9(d) The Executive must notify the Company how he elects to receive any Bonus within 10 (ten) business days of the date that audited consolidated accounts of SBS for any Financial Period (the "Accounts") are finalised in accordance with Article 6.3(e) below (the "Approval Date"). The Employee’s remuneration shall strike price for any common shares of SBS which the Executive elects to receive will be reviewed annually by the Employer. The Company is under no obligation to award an increase following average of the closing price quoted for a salary review.
3.10. A 13th month bonus shall be payable to Employee upon serving 12 months starting from Common Share of SBS on NASDAQ (reported in the Commencement Wall Street Journal, US Edition) over the 10 business days commencing on the Approval Date.
3.11. An annual bonus (e) The Company agrees that the payment of no less than 1% any Bonus awarded to the Executive will be made within 30 (thirty) days of revenue shall be payable the date that the auditors confirm in writing to Employee upon serving 12 months starting from the Commencement DateChief Financial Officer of SBS that their audit of the Accounts for the relevant Financial Period is finalised.
3.12. Employee’s annual renewal (f) For the purposes of CEA license and CPD course fees will be borne by the Employer.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25this Agreement "
Appears in 1 contract
Remuneration. 3.15.1. Subject to Applicable Laws, the Employee shall receive all inclusive (other than insurance such as group medical, life and accident and other benefits and perquisites per the policies of the Company) gross annual salary as set out in Schedule 2 hereto. The monthly salary of the Employee (as referred under Schedule 2) shall be paid a basic salary transferred directly into Employee’s bank account by way of ten thousand seven hundred Singapore dollars (SGD 10,700) credit transfer as per calendar month starting 1 May 2021.
3.2. All non-HDB dealings including but not limited to private property transactions must all be transacted through the Company. The employee is entitled to 50% regular payroll schedule of the commission received.
3.3. Existing HDB clients belonging to the Employee must all be transferred to Ohmyhome and be subsequently charged at Ohmyhome’s services rate.
3.4. The Employee’s salary shall be payable monthly in arrears not later than the 7th company or within a period of 1 (one) working day of the following monthmonth in arrears.
3.55.2. Unless otherwise approved in writing by the EmployerFurther, the Employer shall not Employee may also be eligible to receive bonus and other variable payments and participate in any employee stock option / restricted stock unit plans (“Variables”) and other benefits as detailed in Schedule 2.
5.3. Any deductions, including those mandated under Applicable Laws will be shown on Employee’s monthly itemized pay statement.
5.4. The Company may withhold from any amounts payable under the Agreement such taxes and contributions as may be required to be withheld pursuant to any Applicable Law.
5.5. During the Employment, the salary will be reviewed annually in accordance with Company Policies.
5.6. The Company will reimburse the Employee for all traveling, hotel, entertainment, overtime pay and other expenses reasonably incurred by him in the performance of his duties, provided he furnishes the receipts of appropriate vouchers for working the expenses incurred by him. If the Employee is issued with a charge or credit card by the Company, the Employee shall only use it for the Company’s Business purposes.
5.7. In the event of termination, in accordance with Clause 7 herein, no compensation shall be due or owed to the Employee beyond the normal work hours date of termination of this Agreement except the amount accrued legally until the date of termination and other as set out in Clause 7.3 (as applicable). Provided that, post the cessation of the Employment, the Company shall reimburse all outstanding expenses incurred by the Employee in during the performance Term, within 30 (thirty) days from the presentation of the Employee’s duties hereunder.
3.6. Unless otherwise approved in writing claims and the supporting bills/invoices by the EmployerEmployee, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required of the Company or you will be in accordance with current CPF legislationthe terms of this Agreement.
3.8. The Employee authorizes the Employer at any time during the Employee’s employment and/or on its termination to deduct any sums owed by the Employee to the Employer at any time from the Employee’s salary and/or from any other sums due to the Employee under this contract, including, but not limited to, any payment in lieu of notice and damages for breach of contract (“Authorized Deductions”).
3.9. The Employee’s remuneration shall be reviewed annually by the Employer. The Company is under no obligation to award an increase following a salary review.
3.10. A 13th month bonus shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.11. An annual bonus of no less than 1% of revenue shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 1 contract
Sources: Employment Agreement
Remuneration. 3.16.1 The EXECUTIVE’s annual gross salary is $225,000 (“Base Salary”). The Employee While EXECUTIVE is serving as ICEO, she shall be paid a basic salary of ten thousand seven hundred Singapore dollars (SGD 10,700) per calendar month starting 1 May 2021.
3.2. All non-HDB dealings including but not limited to private property transactions must all be transacted through incrementally in arrears in accordance with the Company’s standard payroll practices for exempt executive employees. The employee is entitled to 50% Following consummation of the commission received.
3.3. Existing HDB clients belonging to the Employee must all be transferred to Ohmyhome and be subsequently charged at OhmyhomeMerger (as defined below), EXECUTIVE’s services rate.
3.4. The Employee’s annual gross salary shall be payable adjusted to a level consistent with similar positions of responsibility and authority as determined from time to time by the Compensation Committee of CBD and confirmed in writing as a modification to this Employment Agreement, signed by EXECUTIVE and by an authorized agent of CBD, provided however, that such annual gross salary shall not be less than the Base Salary during the term of this Agreement. In the event of EXECUTIVE’s appointment to a Successor Position, EXECUTIVE shall be paid in a manner consistent with the standard payroll practices for exempt executive employees of the Successor Employer, provided that payment shall be no less than 1/12 of the annual salary, paid monthly in arrears not and paid no later than the 7th last business day of each month by live check or, if the following monthEXECUTIVE so directs, by direct deposit to an account designated by the EXECUTIVE.
3.56.2 In addition to the compensation referenced in paragraph 6.1, the EXECUTIVE shall be eligible for bonus compensation to be set at the sole discretion of the Company’s compensation committee for the period when EXECUTIVE is serving as ICEO. Unless otherwise approved Thereafter, if EXECUTIVE is serving in a Successor Position, such bonus compensation shall be set at the sole discretion of the Managing Director of CBD. In each instance, the target bonus amounts and performance criteria shall be set and communicated in writing by to EXECUTIVE within 30 days following the Employerappointment of EXECUTIVE and thereafter at the beginning of the fiscal year. The Board has determined that in lieu of other annual bonus amounts established for EXECUTIVE, a target bonus amount for the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee services of EXECUTIVE in the performance position of ICEO through the Employee’s duties hereunder.
3.6. Unless otherwise approved end of such term, or the year ending December 31, 2012 if later, is up to $100,000, of which 50% shall be payable in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required stock of the Company or you will be in accordance with current CPF legislation.
3.8. The Employee authorizes Successor Employer issued at the Employer at any time during VWAP (Volume Weighted Average Price) for the Employee’s employment and/or on its termination to deduct any sums owed by 10 trading days preceding the Employee to consummation of the Employer at any time from the Employee’s salary and/or from any other sums due to the Employee under this contract, including, but not limited to, any payment in lieu transaction and 50% of notice and damages for breach of contract (“Authorized Deductions”).
3.9. The Employee’s remuneration shall be reviewed annually by the Employer. The Company is under no obligation to award an increase following a salary review.
3.10. A 13th month bonus which shall be payable to Employee in cash in the last payroll distribution of December 2012. The actual amount of the 2012 ICEO bonus compensation shall be based on meeting the specific objectives set forth on Schedule A; such objectives shall be mutually agreed upon serving 12 months starting from by the Commencement Dateparties and Schedule A completed within 30 days of the execution of this Agreement.
3.11. An annual 6.3 Annual bonus of no targets for Successor Positions shall be not less than 145% of revenue shall be payable to Employee upon serving 12 months starting from the Commencement DateEXECUTIVE’S Base Salary.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 1 contract
Remuneration. 3.15.1. The Employee Company shall be paid pay to the Executive during the continuance of his employment a basic salary (which shall accrue from day to day) at the rate of ten thousand seven hundred Singapore dollars £100,000 per year inclusive of any directors' fees payable to the Executive under the Articles of Association of the Company or any Associated Company (SGD 10,700) per calendar month starting 1 May 2021.
3.2. All non-HDB dealings including but not limited and any such fees as the Executive shall receive separately he shall pay to private property transactions must all be transacted through the Company). The employee is entitled to 50% of the commission received.
3.3. Existing HDB clients belonging to the Employee must all be transferred to Ohmyhome and be subsequently charged at Ohmyhome’s services rate.
3.4. The Employee’s salary shall be payable monthly by 12 equal instalments per annum in arrears not later than the 7th day of the following month.
3.5. Unless otherwise approved in writing and shall be subject to review by the EmployerRemuneration Committee annually in or around January, but without any commitment to increase. For the avoidance of doubt, the Employer Executive's salary shall not be required decreased on review.
5.2. The Executive may, during the continuance of his employment, be entitled to reimburse be paid bonuses of such amounts (if any) at such times and subject to such conditions as the Employee for travelingRemuneration Committee may in its absolute and sole discretion decide, entertainment, overtime pay for working beyond taking account of the normal work hours profit and other expenses incurred by the Employee in the cash flow performance of the Employee’s duties hereunderCompany against budget and other factors it reasonably considers appropriate from time to time.
3.65.3. Unless otherwise approved The Executive may, at the sole discretion of the remuneration committee of the Board, be invited to participate in writing such share option arrangements as may be operated from time to time by the EmployerCompany. Any awards of share options that may be made to the Executive from time to time shall be at the Remuneration Committee of the Board's sole discretion and will be subject to the rules from time to time in force, of the Employer relevant scheme.
5.4. For the avoidance of doubt the Employee shall remain entitled to receive:
5.4.1. the bonus for the financial year 2010 in accordance with the terms of the letter between the Company and the Employee dated 22 July 2009; and
5.4.2. the bonuses pursuant to the IGG Executive Team Bonus Plan for the fiscal year 2010 under the terms set out in the letter between IGG and the Employee dated 12 November 2009.
5.5. Subject to the rules of the relevant scheme, in the event that the Executive ceases to be employed by the Company, any share options held by the Executive, other than those which have been exercised, shall automatically lapse and the Executive shall not be required entitled to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee any compensation whatsoever in the performance respect of the Employee’s duties hereunderloss of any such options.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required of the Company or you will be in accordance with current CPF legislation.
3.8. The Employee authorizes the Employer at any time during the Employee’s employment and/or on its termination to deduct any sums owed by the Employee to the Employer at any time from the Employee’s salary and/or from any other sums due to the Employee under this contract, including, but not limited to, any payment in lieu of notice and damages for breach of contract (“Authorized Deductions”).
3.9. The Employee’s remuneration shall be reviewed annually by the Employer. The Company is under no obligation to award an increase following a salary review.
3.10. A 13th month bonus shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.11. An annual bonus of no less than 1% of revenue shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 1 contract
Remuneration. 3.12.1 The Company shall pay to the Executive a salary, currently at the rate of £700,000 per annum (the "Basic Salary") less appropriate tax, national insurance contributions and any other applicable statutory deductions (together "Statutory Deductions") which shall accrue day to day and be payable by equal monthly instalments in arrears on or about the 20th of each calendar month. The Employee shall Board will review the Executive's salary annually in March (except where notice has been given by either party, following which no review will be paid a basic carried out). There is no obligation on the Company to increase the Executive's salary of ten thousand seven hundred Singapore dollars (SGD 10,700) per calendar month starting 1 May 2021pursuant to any such review or otherwise.
3.2. All non-HDB dealings 2.2 The Company may also at its sole discretion both as to whether to pay any variable incentive compensation (including but not limited to private property transactions must all be transacted through any bonus or deferred bonus in the Companyform of cash or equity) ("Variable Pay") and, if so how much, pay the Executive Variable Pay of such amount as the Board may determine in respect of each complete financial year of the Company during which the Employment subsists. The employee Executive acknowledges that he has no contractual right to receive any Variable Pay until it is entitled to 50% declared in writing in respect of the commission receivedfinancial year to which it relates and that he will not acquire such a right on the basis that during the Employment he has received one or more Variable Pay awards.
3.3. Existing HDB clients belonging 2.3 The operation of and all arrangements relating to any such Variable Pay including the Employee must all payment or award date as applicable, will be transferred at the Board's discretion which may choose to Ohmyhome and be subsequently charged at Ohmyhome’s services rateterminate, replace or amend any such arrangement.
3.4. 2.4 The Employee’s salary shall be payable monthly in arrears not later than the 7th day of the following month.
3.5. Unless otherwise approved in writing by the Employer, the Employer Executive shall not be required entitled to reimburse be considered for and/or to receive any Variable Pay if on the Employee for travelingdate that any such Variable Pay is due to be paid, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred released or distributed (as applicable) he is no longer employed by the Employee Company or any Group Company, or is under notice of termination of Back to Contents employment (including if the Executive is not assigned any duties in accordance with the performance garden leave provisions at clause 14.4), due to termination of employment by the Employee’s duties hereunderExecutive (other than in response to the Company's repudiatory breach of contract) or by the Company pursuant to clause 14.1.2 of this Agreement.
3.6. Unless otherwise approved 2.5 The remuneration specified in writing by clauses 2.1 and 2.2 shall be inclusive of any fees to which the Employer, the Employer shall not Executive may be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required entitled as a director of the Company or you any Group Company or of any other company or any unincorporated body in which the Executive holds the office as nominee or representative of the Company or any Group Company.
2.6 Payment of salary and any Variable Pay to the Executive shall be made either by the Company or by a Group Company and, if by more than one company, in such proportions as the Board may from time to time think fit, subject always to the Company's reasonable consideration of any detrimental net employment tax consequences on the Executive, by doing so.
2.7 The Executive may be entitled to participate in the HSBC Share Plan or any other employee share scheme established by the Group from time to time. Any such right to participate is subject to the rules of the relevant scheme and shall be at the discretion of the Board.
21.1 If the Executive is entitled to participate in such a scheme, his rights under such scheme will be subject to and in accordance with current CPF legislationthe rules of that scheme. Subject to such rules, the rights and obligations of the Executive under the terms and conditions of his office or employment shall not be affected by his participation in the scheme or any right he may have to participate in the scheme.
3.8. The Employee authorizes the Employer at any time during the Employee’s employment and/or on its termination to deduct any sums owed by the Employee to the Employer at any time from the Employee’s salary and/or from any other sums due to the Employee under this contract, including, but not limited to, any payment in lieu of notice and damages for breach of contract (“Authorized Deductions”).
3.9. The Employee’s remuneration shall be reviewed annually by the Employer. The Company is under no obligation to award an increase following a salary review.
3.10. A 13th month bonus shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.11. An annual bonus of no less than 1% of revenue shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 1 contract
Remuneration. 3.15.1. Subject to Applicable Laws, the Employee shall receive all-inclusive (other than insurance such as group medical, life and accident and other benefits and perquisites per the policies of the Company) gross annual salary as set out in Schedule 2 hereto. The monthly salary of the Employee (as referred to under Schedule 2) shall be paid a basic salary transferred directly into the Employee’s bank account by way of ten thousand seven hundred Singapore dollars (SGD 10,700) credit transfer as per calendar month starting 1 May 2021.
3.2. All non-HDB dealings including but not limited to private property transactions must all be transacted through the Company. The employee is entitled to 50% regular payroll schedule of the commission received.
3.3. Existing HDB clients belonging to the Employee must all be transferred to Ohmyhome and be subsequently charged at Ohmyhome’s services rate.
3.4. The Employee’s salary shall be payable monthly in arrears not later than the 7th company or within a period of 1 (one) working day of the following monthmonth in arrears.
3.55.2. Unless otherwise approved in writing by the EmployerFurther, the Employer shall not Employee may also be eligible to receive bonus and other variable payments and participate in any employee stock option / restricted stock unit plans (“Variables”) and other benefits as detailed in Schedule 2.
5.3. Any deductions, including those mandated under Applicable Laws, will be shown on the Employee’s monthly itemized pay statement.
5.4. The Company may withhold from any amounts payable under the Agreement such taxes and contributions as may be required to be withheld pursuant to any Applicable Law.
5.5. During the Employment, the salary will be reviewed annually in accordance with Company Policies.
5.6. The Company will reimburse the Employee for all traveling, hotel, entertainment, overtime pay and other expenses reasonably incurred by him in the performance of his duties, provided he furnishes the receipts of appropriate vouchers for working the expenses incurred by him. If the Employee is issued with a charge or credit card by the Company, the Employee shall only use it for the Company’s Business purposes.
5.7. In the event of termination, in accordance with Clause 7 herein, no compensation shall be due or owed to the Employee beyond the normal work hours date of termination of this Agreement except the amount accrued legally until the date of termination and other as set out in Clause 7.3 (as applicable). Provided that, post the cessation of the Employment, the Company shall reimburse all outstanding expenses incurred by the Employee in during the performance Term, within 30 (thirty) days from the presentation of the Employee’s duties hereunder.
3.6. Unless otherwise approved in writing claims and the supporting bills/invoices by the EmployerEmployee, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required of the Company or you will be in accordance with current CPF legislationthe terms of this Agreement.
3.8. The Employee authorizes the Employer at any time during the Employee’s employment and/or on its termination to deduct any sums owed by the Employee to the Employer at any time from the Employee’s salary and/or from any other sums due to the Employee under this contract, including, but not limited to, any payment in lieu of notice and damages for breach of contract (“Authorized Deductions”).
3.9. The Employee’s remuneration shall be reviewed annually by the Employer. The Company is under no obligation to award an increase following a salary review.
3.10. A 13th month bonus shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.11. An annual bonus of no less than 1% of revenue shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 1 contract
Sources: Employment Agreement
Remuneration. 3.1(a) In consideration of the performance of the Services contemplated by Section 2 hereof, Epsilor agrees to pay to Office Line an aggregate per annum gross fee (the "Fee") equal to Two Hundred and Seventy Thousand Dollars ($270,000) plus VAT. The Employee Such Fee shall commence on the date hereof and continue throughout all times that Office Line, by and through Aspis, shall continue to serve as CEO of Epsilor. One-twelfth of the Fee shall be payable to Office Line on a monthly basis which in no event shall be paid a basic salary of ten thousand seven hundred Singapore dollars (SGD 10,700) per calendar month starting 1 May 2021.
3.2. All non-HDB dealings including but not limited to private property transactions must all be transacted through the Company. The employee is entitled to 50% of the commission received.
3.3. Existing HDB clients belonging to the Employee must all be transferred to Ohmyhome and be subsequently charged at Ohmyhome’s services rate.
3.4. The Employee’s salary shall be payable monthly in arrears not later than the 7th 9th day of the following month. Office Line and Aspis waive any right to have the Fee adjusted for changes in the Cost of Living Index during the term of this Agreement. Office Line shall provide Epsilor with a tax receipt for sums paid hereunder.
3.5(b) Office Line shall also be entitled, for the first 36 months of this Agreement, to an annual bonus. Unless otherwise approved Such bonus shall be paid within 30 days from the conclusion of each calendar year that Office Line, by and through Aspis, shall have served as CEO of Epsilor (or any company controlled by Electric Fuel (E.F.L.) Ltd. to which the stock or assets of Epsilor shall have been transferred in accordance with the provisions of Section 2(e) above - the "Transferee"). The bonus shall be equal to fifteen percent (15%) of Epsilor's annual pre-tax profits (including those profits from sales of zinc-air products sold by Epsilor to current customers of Epsilor as of the date of this Agreement) in excess of (i) $2,200,000 in 2004, (ii) $2,420,000 in 2005 and (iii) $2,662,000 in 2006. Office Line may receive such annual bonus in whole or in part in shares of Arotech's Common Stock $0.01 par value per share ("ARTX"), at Aspis's election, based upon the last reported closing price of ARTX shares on the last day of the month in the month prior to completion of Epsilor's annual financial statements for such year (the "Election Date"), such election to be delivered to Epsilor in writing by the EmployerElection Date.
(c) On execution of this Agreement and in contemplation of the Services to be rendered by Office Line, Offive Line is hereby granted an option to acquire 200,000 shares of ARTX for $1.41 per share, which option shall vest in equal amounts over a period of three (3) years on the Employer anniversary of this Agreement commencing with the first anniversary thereof. Notwithstanding anything to the contrary, in the event that this Agreement is terminated by Epsilor other than in circumstances permitted to it pursuant to Sections 5(b) or 5 (c) below, Office Line shall not be required entitled to reimburse exercise all of the Employee options hereunder, at its sole discretion and notwithstanding any provision to the contrary in the applicable option plan.
(d) Epsilor shall provide Office Line with the automobile which until the date of this Agreement was made available to Aspis. Epislor shall bear all costs involved in insuring and repairing the automobile as well as paying for travelingthe fuel, entertainmentoil, overtime pay for working beyond the normal work hours licenses and other expenses incurred by the Employee involved in the performance running and upkeep of the Employee’s duties hereunderautomobile for the duration of this Agreement.
3.6. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required of the Company or you will be in accordance with current CPF legislation.
3.8. The Employee authorizes the Employer at any time during the Employee’s employment and/or on its termination to deduct any sums owed by the Employee to the Employer at any time from the Employee’s salary and/or from any other sums due to the Employee under this contract, including, but not limited to, any payment in lieu of notice and damages for breach of contract (“Authorized Deductions”).
3.9. The Employee’s remuneration shall be reviewed annually by the Employer. The Company is under no obligation to award an increase following a salary review.
3.10. A 13th month bonus shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.11. An annual bonus of no less than 1% of revenue shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 1 contract
Sources: Management Agreement (Arotech Corp)
Remuneration. 3.12.1 HSBC shall pay to the Executive on behalf of the Company, a gross salary, currently at the rate of £800,000 per annum (the “Basic Salary”) less appropriate tax, national insurance contributions and any other applicable statutory deductions (together “Statutory Deductions”) which shall accrue day to day and be payable by equal monthly instalments in arrears on or about the 20th of each calendar month. The Employee Board will review the Executive’s salary annually in March (except where notice has been given by either party, following which no review will be carried out). There is no obligation on HSBC or the Company to increase the Executive’s salary pursuant to any such review or otherwise.
2.2 HSBC on behalf of the Company may also, at its sole discretion both as to whether to pay any variable incentive compensation (including any bonus or deferred bonus in the form of cash or equity) (“Variable Pay”) and, if so how much, pay the Executive Variable Pay of such amount as the Board may determine in respect of each complete financial year of HSBC during which the Employment subsists. For so long as the Executive continues to have material and direct oversight of the Group’s wholesale banking business, in exercising its discretion under this clause 2.2, the Company and HSBC shall take into account market compensation practice in the wholesale banking sector at the relevant time (which as at the date of this Agreement, is acknowledged to include a higher performance-related Variable Pay element than is typical in the rest of the financial services industry). The Executive acknowledges that he has no contractual right to receive any Variable Pay until it is declared in writing in respect of the financial year to which it relates and that he will not acquire such a right on the basis that during the Employment he has received one or more Variable Pay awards. Back to Contents
2.3 The operation of and all arrangements relating to any such Variable Pay including the payment or award date as applicable, will be at the Board’s discretion which may choose to terminate, replace or amend any such arrangement.
2.4 Subject to clause 2.5 the Executive shall not be entitled to be considered for and/or to receive any Variable Pay, if on the date that any such Variable Pay is due to be paid, released or distributed (as applicable) he is no longer employed by the Company or any Group Company (for whatever reason and howsoever caused and whether the termination of the Employment was in breach of contract or otherwise), or is under notice of termination of employment (whether such notice is given by the Executive or by the Company), or is not assigned any duties in accordance with the garden leave provisions at clause 14.4, or is suspended pursuant to the terms of this Agreement or subject to disciplinary proceedings.
2.5 In the event that (i) the Company terminates the Employment other than pursuant to clause 14.1.2; or (ii) the Executive resigns for Good Reason; or (iii) in the event that either the Executive or the Company give notice in writing to terminate the Employment (other than in response to the other party’s repudiatory breach of contract) within 12 months following a Corporate Change, the Executive shall be entitled to
2.5.1 be paid any due and unpaid Variable Pay for a basic salary prior completed financial year; and
2.5.2 be considered for pro-rata Variable Pay in respect of ten thousand seven hundred Singapore dollars (SGD 10,700) per calendar month starting 1 May 2021.
3.2. All non-HDB dealings including but not limited to private property transactions must all be transacted through the period in the financial year in which the Employment terminates, during which the Executive has been in active employment by the Company. In exercising its discretion, the Company will take into account the Executive’s performance, his Variable Pay (cash and deferred) history for commensurate performance in respect of the three financial years prior to the financial year in which the Employment terminates, and the appropriate prevailing market rate for the Executive’s role and performance.
2.6 For the purposes of clause 2.5 Corporate Change means (subject to 2.6.3):
2.6.1 If any person (i) obtains control of HSBC (within the meaning of section 840 of the Income and Corporation Taxes Act 1988) as a result of making a general offer to acquire the shares in HSBC, or (ii) having obtained such control makes such an offer, or (iii) obtains such control following any scheme of arrangement under section 425 of the Companies ▇▇▇ ▇▇▇▇ or any corresponding arrangement under Part 26 of the Companies ▇▇▇ ▇▇▇▇. For these purposes, a person shall be deemed to have obtained control of HSBC if he and others acting in concert with him have together obtained control of it. Back to Contents
2.6.2 If HSBC acquires (the. “Reverse Transaction”) any company, assets or business as a result of which there is a change in boardroom control of HSBC or where shareholders in HSBC immediately prior to completion of the Reverse Transaction cease to hold more than 50 per cent of the ordinary share voting rights in HSBC immediately following completion of the Reverse Transaction; and a change in boardroom control for the purposes of this sub clause shall mean where the individuals who are directors of HSBC immediately prior to completion of the Reverse Transaction shall cease (as a direct consequence of the Reverse Transaction at the request of the other party or parties involved in the Reverse Transaction) to constitute a majority of the directors of HSBC, or of any successor to HSBC (and for these purposes “completion of the Reverse Transaction” shall include completion of any associated changes to the Board which are publicly announced in conjunction with and are made as a direct consequence of the Reverse Transaction).
2.6.3 Any general offer, compromise, arrangement or Reverse Transaction, the purpose or effect of which is to create a new holding company for HSBC which has substantially the same shareholders with the same proportionate shareholdings immediately following the relevant event as of HSBC immediately prior to the relevant event, shall not be a Corporate Change.
2.7 The remuneration specified in clauses 2.1 and 2.2 shall be inclusive of any fees to which the Executive may be entitled as a director of HSBC , or any Group Company, or of any other company or any unincorporated body in which the Executive holds the office as nominee or representative of HSBC or any Group Company.
2.8 Payment of salary and any Variable Pay to the Executive shall be made either by HSBC or by a Group Company and, if by more than one company, in such proportions as the Board may from time to time think fit, subject always to the Company’s reasonable consideration of any detrimental net employment tax consequences on the Executive, by doing so.
2.9 Payments made to the Executive by HSBC (or such other Group Company to which the Executive is seconded from time to time) are made for and on behalf of the Company.
2.10 The Executive may he entitled to participate in the HSBC Share Plan dated 27 May 2005 (the “2005 Plan”), or any other employee share scheme established by the Group from time to time. Any such right to participate is subject to the rides of the relevant scheme and shall be at the discretion of the Board.
2.10.1 If the Executive is entitled to 50% participate in such a scheme, his rights under such scheme will be subject to and in accordance with the rules of that scheme. Subject to such rules, the rights and obligations of the commission receivedExecutive under the terms and conditions of his office or employment shall not be affected by his participation in the scheme or any right he may have to participate in the scheme.
3.3. Existing HDB clients belonging 2.10.2 Subject to the Employee must all be transferred rules of the relevant scheme, in participating in such a scheme, the Executive waives any rights to Ohmyhome and be subsequently charged at Ohmyhome’s services ratecompensation or damages from the Company arising from the loss or failure to receive any rights or benefits under the scheme (or the diminution in value of such rights or benefits) as a result of: Back to Contents
(a) the termination of his office or employment and/or giving notice of termination of employment with any Group Company for any reason whatsoever (whether lawful or unlawful); and/or
(b) the ex exercise or failure to exercise any discretion conferred by the rules of the scheme.
3.4. The Employee2.11 It is agreed irrevocably and unconditionally that if the Executive’s salary shall be payable monthly in arrears not later than employment with the 7th day HSBC Group terminates for any of the following month.reasons:
3.5. Unless otherwise approved in writing (a) termination by the EmployerCompany by reason of injury, the Employer shall not be required to reimburse the Employee for travelingill-health, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred disability;
(b) termination by the Employee in Company by reason of redundancy (within the performance meaning of section 139 of the Employee’s duties hereunder.Employment Rights Act 1996);
3.6. Unless otherwise approved in writing (c) termination by the EmployerCompany for any reason other than termination pursuant to clause 14.1.2;
(d) death; or
(e) resignation for Good Reason, then HSBC on behalf of the Employer shall not be required Company, will recommend to reimburse the Employee for travelingRemuneration Committee under the 2005 Plan, entertainmentthat they define and treat the Executive as a ‘Good Leaver’, overtime pay for working beyond the normal work hours and other expenses incurred in order that awards whether held by the Employee Executive now or granted to him hereafter, and which continue to be held by him at the Termination Date shall be exercised in the performance of the Employee’s duties hereunder.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required of the Company or you will be in accordance with current CPF legislation.
3.8. The Employee authorizes the Employer at any time during the Employee’s employment and/or on its termination to deduct any sums owed by the Employee his favour such that he shall become entitled to the Employer at any time from maximum permissible under the Employee’s salary and/or from any other sums due to the Employee under this contract, including, but not limited to, any payment in lieu of notice and damages for breach of contract (“Authorized Deductions”)2005 Plan rules.
3.9. The Employee’s remuneration shall be reviewed annually by the Employer. The Company is under no obligation to award an increase following a salary review.
3.10. A 13th month bonus shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.11. An annual bonus of no less than 1% of revenue shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 1 contract
Remuneration. 3.1. 4.1 The Employee Employment Business shall be paid a basic salary of ten thousand seven hundred Singapore dollars (SGD 10,700) per calendar month starting 1 May 2021.
3.2. All non-HDB dealings including but not limited to private property transactions must all be transacted through the Company. The employee is entitled to 50% of the commission received.
3.3. Existing HDB clients belonging pay to the Employee must all be transferred to Ohmyhome and be subsequently charged at Ohmyhome’s services rate.
3.4. The Employee’s salary shall be payable monthly Temporary Worker the remuneration as shown in arrears not later than the 7th day of the following month.
3.5. Unless otherwise approved in writing by the EmployerClause 1, the Employer which shall not be less than the national minimum wage and national living wage. The actual rate will be notified on a per Assignment basis, for each hour (to the nearest quarter hour) or day worked during an Assignment to be paid weekly in arrears, subject to deductions in respect of PAYE Income Tax pursuant to Ss44 to 47 of the Income Tax (Earnings and Pensions) Act 2003 and Class I National Insurance Contributions and any other deductions which the Employment Business may be required by law to reimburse make or any sums due from the Employee Temporary Worker to the Employment Business in respect of any over-payments and/or cost of repairing damage to the Client’s property. Bank Holiday rates are discretionary. If the Bank Holiday rate is not specified in clause 1 and an uplifted rate is applicable, where possible the Employment Business will advise the Temporary Worker prior to working the bank holiday.
4.2 Subject to clause 5 (regarding statutory leave) and any other statutory entitlement under the relevant legislation, the Temporary Worker is not entitled to receive payment from the Employment Business or clients for travelingtime not spent on an Assignment, entertainmentwhether in respect of illness or absence for any other reason unless otherwise agreed.
4.3 Notwithstanding any agreement to the contrary, overtime pay for working beyond the normal work hours and other any expenses incurred by the Employee in the Temporary Worker during performance of the EmployeeAssignment shall be at the Temporary Worker’s duties hereunderown cost.
3.6. Unless otherwise approved 4.4 Where expenses are payable to the Temporary Worker, they must be agreed in writing advance by the EmployerClient, supported by valid documentation and invoiced to the Employment Business, separately, within 60 days of being incurred. For the avoidance of doubt, the Employer Employment Business shall not be required to reimburse the Employee have no liability for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunderclaimed 60 days after being incurred.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required of the Company or you will be in accordance with current CPF legislation.
3.8. 4.5 The Employee authorizes the Employer Temporary Worker agrees and acknowledges that timesheets submitted at any time during following the Employee’s employment and/or on its termination to deduct any sums owed of the assignment shall only be paid once verified by the Employee client.
4.6 In the event of any over-payment by the Employment Business to the Employer at any time from Temporary Worker, the Employee’s salary and/or from any other sums Temporary Worker shall immediately upon demand repay all outstanding amounts due to the Employee under this contract, including, but not limited to, any payment in lieu of notice and damages for breach of contract (“Authorized Deductions”)Employment Business.
3.9. The Employee’s remuneration shall be reviewed annually by the Employer. The Company is under no obligation to award an increase following a salary review.
3.10. A 13th month bonus shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.11. An annual bonus of no less than 1% of revenue shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 1 contract
Sources: Terms of Engagement
Remuneration. 3.1. 4.1 The Employee Employment Business shall be paid a basic salary of ten thousand seven hundred Singapore dollars (SGD 10,700) per calendar month starting 1 May 2021.
3.2. All non-HDB dealings including but not limited to private property transactions must all be transacted through the Company. The employee is entitled to 50% of the commission received.
3.3. Existing HDB clients belonging pay to the Employee must all be transferred to Ohmyhome and be subsequently charged at Ohmyhome’s services rate.
3.4. The Employee’s salary shall be payable monthly Temporary Worker the remuneration as shown in arrears not later than the 7th day of the following month.
3.5. Unless otherwise approved in writing by the EmployerClause 1, the Employer which shall not be less than the national minimum wage or national living wage. The actual rate will be notified on a per Assignment basis, for each hour (to the nearest quarter hour) or day worked during an Assignment to be paid weekly in arrears unless otherwise stated in Clause 1, subject to deductions in respect of PAYE Income Tax pursuant to Ss44 to 47 of the Income Tax (Earnings and Pensions) Act 2003 and Class I National Insurance Contributions and any other deductions which the Employment Business may be required by law to reimburse make or any sums due from the Employee Temporary Worker to the Employment Business in respect of any over-payments and/or cost of repairing damage to the Client’s property. Bank Holiday rates are discretionary. If the Bank Holiday rate is not specified in Clause 1 and an uplifted rate is applicable, where possible the Employment Business will advise the Temporary Worker prior to working the Bank Holiday.
4.2 Subject to Clause 5 (regarding statutory leave) and any other statutory entitlement under the relevant legislation, the Temporary Worker is not entitled to receive payment from the Employment Business or Client for travelingtime not spent on an Assignment, entertainmentwhether in respect of illness or absence for any other reason unless otherwise agreed.
4.3 Unless stated in Clause 1, overtime pay for working beyond the normal work hours and other any expenses incurred by the Employee in the Temporary Worker during performance of the EmployeeAssignment shall be at the Temporary Worker’s duties hereunderown cost.
3.6. Unless otherwise approved 4.4 Where expenses are payable to the Temporary Worker, they must be set out in writing Clause 1 and agreed in advance by the EmployerClient, supported by valid documentation and submitted to the Employment Business, separately, within 30 days of being incurred. For the avoidance of doubt, the Employer Employment Business shall not be required to reimburse the Employee have no liability for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunderclaimed 30 days after being incurred.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required of the Company or you will be in accordance with current CPF legislation.
3.8. 4.5 The Employee authorizes the Employer Temporary Worker agrees and acknowledges that timesheets submitted at any time during following the Employee’s employment and/or on its termination to deduct any sums owed of the Assignment shall only be paid once verified by the Employee client.
4.6 In the event of any over-payment by the Employment Business to the Employer at any time Temporary Worker or repair costs for damage to Client property caused by the Temporary which cannot be recovered from the Employee’s salary and/or from any other sums Temporary Worker by way of deduction pursuant to Clause 4.1, the Temporary Worker shall immediately upon demand repay all outstanding amounts due to the Employee under this contract, including, but not limited to, any payment in lieu of notice and damages for breach of contract (“Authorized Deductions”)Employment Business.
3.9. The Employee’s remuneration shall be reviewed annually by the Employer. The Company is under no obligation to award an increase following a salary review.
3.10. A 13th month bonus shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.11. An annual bonus of no less than 1% of revenue shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 1 contract
Sources: Terms of Engagement
Remuneration. 3.1. 8.1 The Employee Executive’s salary during the Employment shall be paid [S$ ●] per annum payable in twelve (12) equal monthly payments (i.e. a basic salary of ten thousand [S$ ●] per month) within seven hundred Singapore dollars (SGD 10,7007) per calendar month starting 1 May 2021days after the end of the month, and shall be deemed to accrue from day to day (the “Salary”). The remuneration package in this Clause 8 shall be subject to annual review by the Board and the Compensation Committee which is in line with the Company’s annual year-end salary review exercise.
3.28.2 The Executive shall also be entitled to participate in any performance bonus and/or variable bonus of the Company (the “Incentive Bonus”), to be determined and approved by the Board and the Compensation Committee from time to time based on, amongst others, the profitability of the Company and the Group, and shall be payable on the last business day of the Financial Year (or such date(s) which the Board in its absolute discretion deems fit), and provided always that if the Employment is for less than a full Financial Year, the Incentive Bonus for that Financial Year shall be apportioned in respect of the actual number of days of the Employment on the basis of a 365-day Financial Year. All non-HDB dealings The Incentive Bonus may be paid in the form of cash and/or shares in the capital of the Company at the sole discretion of the Board, subject to all requisite approvals for the same being obtained prior to the payment of the Incentive Bonus.
8.3 If the Employment is terminated for whatsoever reason, the Incentive Bonus shall not be payable for that particular Financial Year.
8.4 Notwithstanding Clauses 8.2 and 8.3, the Company shall be entitled to reclaim, in full or in part, any Incentive Bonus paid, whether in the current Financial Year or from previous Financial Years, to the Executive, under circumstances of (i) misstatement of financial results, or (ii) misconduct of the Executive, resulting, directly or indirectly, in financial loss to the Company, as may be determined by the Board in its absolute discretion. In such an event, the Executive shall refund to the Company the relevant portion of the Incentive Bonus paid, within one (1) month after receipt of the written notice from the Company.
8.5 The Executive shall be responsible for the payment of his individual income tax in respect of the Employment and all other payments received or deemed received by him from the Company in connection therewith.
8.6 The Company and the Executive shall make all pension fund and other payments required by law to be made by the Company and/or the Executive in the Republic of Singapore and/or any other jurisdictions in which the Executive may be based or posted, including but not limited to private property transactions must all be transacted through to, the Company. The employee is entitled to 50% employer’s portion of the commission received.
3.3. Existing HDB clients belonging to the Employee must all be transferred to Ohmyhome and be subsequently charged at Ohmyhome’s services rate.
3.4. The Employee’s salary shall be payable monthly in arrears not later than the 7th day of the following month.
3.5. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.6. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required of Singapore levy at the Company or you will be in accordance with current CPF legislation.
3.8appropriate rate on the basic salary and bonus. The Employee authorizes Company reserves the Employer at any time during the Employee’s employment and/or on its termination right to deduct any sums owed by the Employee to the Employer at any time deduct, from the EmployeeExecutive’s salary and/or from any other sums due to the Employee under this contract, including, but not limited toExecutive, any payment amount in lieu respect of notice and damages for breach the Executive’s contribution to the Central Provident Fund of contract (“Authorized Deductions”)Singapore, any applicable pension fund or any amount whatsoever, as the Company may be entitled to deduct or as may be required by any applicable law and/or regulation.
3.9. The Employee’s remuneration shall 8.7 Except as herein otherwise provided in this Clause 8 and Clause 9 below and under any share option or awards scheme as may be reviewed annually administered by the Employer. The Company is under no obligation Company, the Executive shall not be entitled to award an increase following a salary reviewany further remuneration by way of salary, annual wage supplement, benefits or compensation.
3.10. A 13th month bonus shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.11. An annual bonus of no less than 1% of revenue shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 1 contract
Remuneration. 3.1. The Employee 5.1 As remuneration for his services hereunder the Company shall be paid a basic salary of ten thousand seven hundred Singapore dollars (SGD 10,700) per calendar month starting 1 May 2021pay to the Executive such emoluments and at such times as are stated in Schedule 4.
3.2. All non5.2 In addition the Company shall reimburse all travelling, hotel and out-HDB dealings including but not limited to private property transactions must all be transacted through the Company. The employee is entitled to 50% of the commission received.
3.3. Existing HDB clients belonging to the Employee must all be transferred to Ohmyhome and be subsequently charged at Ohmyhome’s services rate.
3.4. The Employee’s salary shall be payable monthly in arrears not later than the 7th day of the following month.
3.5. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other of-pocket expenses reasonably incurred by the Employee Executive in or about the performance Company's business and with the prior approval of the Employee’s duties hereunder.
3.6. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance board of the Employee’s duties hereunder.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required directors of the Company or you will be in accordance with current CPF legislationand for which he provides proper receipts valid, where appropriate, for sales tax purposes.
3.8. 5.3 The Employee authorizes remuneration payable hereunder shall be inclusive of any sums to which the Employer at Executive may from time to time be entitled as a director of the Company.
5.4 In the event of any time during variation in the Employee’s remuneration payable to the Executive hereunder being made by agreement between the parties (and whether or not such agreement shall be evidenced by a written endorsement hereto), such variation shall not constitute a new agreement but, (subject to any express agreement to the contrary) the employment and/or of the Executive hereunder shall continue subject in all respects to the terms and conditions of this Agreement with such variation as aforesaid.
5.5 All remuneration payable to the Executive under this Agreement shall be deemed to accrue from day to day, and any commission or bonus to which the Executive may be entitled is to be calculated on its the basis that one three-hundred-and sixty-fifth part thereof was earned for each day of each accounting reference period for which such commission or bonus is payable.
5.6 In the event of termination of this Agreement and the Executive's employment hereunder for any reason whatsoever, the Company shall be entitled to deduct from any sums remuneration payable to the Executive on such termination (whether in respect of any period before such termination or not) any monies which may at that time be owed by the Employee Executive to the Employer at Company.
5.7 The Executive shall be entitled to participate in the Carolina Holdings, Inc. Executive Retirement Plan under which bonus payments of up to $742,400 per annum will be pensionable and the Carolina Holdings. Inc. Retirement Savings Plan, incorporating 401k defined contribution pension plan and shall also be entitled to participate in any time from life assurance scheme or other similar scheme operated by Stock Building Supply, Inc. upon the Employee’s salary and/or from any other sums due terms and subject to the Employee under this contract, including, but not limited to, any payment conditions of the rules of such schemes from time to time in lieu force in respect of notice and damages for breach the benefit of contract (“Authorized Deductions”)the Executive.
3.9. The Employee’s remuneration shall be reviewed annually by the Employer. 5.8 The Company is under no obligation to award an increase following a salary review.
3.10. A 13th month bonus shall be payable to Employee upon serving 12 months starting from will pay for the Commencement Date.
3.11. An annual bonus preparation of no less than 1% the Executive’s income tax return each year and will defray the cost of revenue shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.12. EmployeeExecutive’s annual renewal membership of CEA license and CPD course fees will be borne by the Employernot more than one country club in Raleigh, North Carolina.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 1 contract
Sources: Service Agreement (Wolseley PLC)
Remuneration. 3.1. The Employee 5.1 As remuneration for his services hereunder the Company shall be paid a basic salary of ten thousand seven hundred Singapore dollars (SGD 10,700) per calendar month starting 1 May 2021pay to the Executive such emoluments and at such times as are stated in Schedule 4.
3.2. All non5.2 In addition the Company shall reimburse all travelling, hotel and out-HDB dealings including but not limited to private property transactions must all be transacted through the Company. The employee is entitled to 50% of the commission received.
3.3. Existing HDB clients belonging to the Employee must all be transferred to Ohmyhome and be subsequently charged at Ohmyhome’s services rate.
3.4. The Employee’s salary shall be payable monthly in arrears not later than the 7th day of the following month.
3.5. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other of-pocket expenses reasonably incurred by the Employee Executive in or about the performance Company's business and with the prior approval of the Employee’s duties hereunder.
3.6. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance board of the Employee’s duties hereunder.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required directors of the Company or you will be in accordance with current CPF legislationand for which he provides proper receipts valid, where appropriate, for sales tax purposes.
3.8. 5.3 The Employee authorizes remuneration payable hereunder shall be inclusive of any sums to which the Employer at Executive may from time to time be entitled as a director of the Company.
5.4 In the event of any time during variation in the Employee’s remuneration payable to the Executive hereunder being made by agreement between the parties (and whether or not such agreement shall be evidenced by a written endorsement hereto), such variation shall not constitute a new agreement but, (subject to any express agreement to the contrary) the employment and/or of the Executive hereunder shall continue subject in all respects to the terms and conditions of this Agreement with such variation as aforesaid.
5.5 All remuneration payable to the Executive under this Agreement shall be deemed to accrue from day to day, and any commission or bonus to which the Executive may be entitled is to be calculated on its the basis that one three-hundred-and sixty-fifth part thereof was earned for each day of each accounting reference period for which such commission or bonus is payable.
5.6 In the event of termination of this Agreement and the Executive's employment hereunder for any reason whatsoever, the Company shall be entitled to deduct from any sums remuneration payable to the Executive on such termination (whether in respect of any period before such termination or not) any monies which may at that time be owed by the Employee Executive to the Employer at any time from the Employee’s salary and/or from any other sums due to the Employee under this contract, including, but not limited to, any payment in lieu of notice and damages for breach of contract (“Authorized Deductions”)Company.
3.9. 5.7 The Employee’s remuneration Executive shall be reviewed annually by entitled to participate in the Employer. The Company is ▇▇▇▇▇▇▇▇ Enterprises, Inc. defined contribution pension arrangements under no obligation to award an increase following a salary review.
3.10. A 13th month bonus shall which the employer contribution will from 1 January 2006 be payable to Employee upon serving 12 months starting from the Commencement Date.
3.11. An annual bonus of no less than 115% of revenue basic salary each year together with 15% of bonus (of not more than $400,000) paid in respect of each financial year and shall also be payable entitled to Employee participate in any life assurance scheme or other similar scheme operated by ▇▇▇▇▇▇▇▇ Enterprises, Inc. upon serving 12 months starting the terms and subject to the conditions of the rules of such schemes from time to time in force in respect of and for the Commencement Datebenefit of the Executive.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 1 contract
Sources: Service Agreement (Wolseley PLC)
Remuneration. 3.1. The 4.1 On or after the Effective Date, the Employee shall be paid a basic monthly salary of ten thousand seven hundred Singapore dollars (SGD 10,700) per calendar month starting 1 May 2021[ ].
3.2. All non-HDB dealings including but not limited 4.2 The Employer and/or the Board may in its absolute discretion pay the Employee a bonus of such amount, at such intervals and subject to private property transactions must all be transacted through such conditions as the Company. The employee is entitled Employer and/or the Board may in its absolute discretion determine from time to 50% of the commission receivedtime.
3.3. Existing HDB clients belonging 4.3 Any bonus payment to the Employee must all shall be transferred purely discretionary and shall not form part of the Employee's contractual remuneration under this Agreement. If the Employer makes a bonus payment to Ohmyhome the Employee in respect of a particular financial year of the Employer, it shall not be obliged to make subsequent bonus payments in respect of subsequent financial years of the Employer. Notwithstanding this Clause 4.3, the Employee shall in any event have no right to a bonus or a time apportioned bonus if:
(i) the Employee has not been employed throughout the whole of the relevant financial year of the Employer; or
(ii) the employment terminates for any reason or the Employee is under notice of termination (whether given by the Employee or the Employer) at or prior to the date when a bonus might have otherwise been payable.
4.4 The Employee's salary shall accrue from day to day and be subsequently charged at Ohmyhome’s services ratepayable monthly (the “Salary Period”) in arrears no later than seven (7) days after the end of Salary Period and an itemised pay slip with the details will be given to the Employee.
3.4. 4.5 The Employee shall be entitled to the following fixed allowances per Salary Period: Mobile Allowance [ ] Transport Allowance [ ] Vehicle Allowance [ ] Performance Allowance [ ]
4.6 The Employee’s 's monthly salary shall be payable monthly subjected to the annual review by SIMPPLE LTD.’s Remuneration Committee, and in arrears not later than the 7th day event that the Employee is a member of SIMPPLE LTD.’s Remuneration Committee, the following month.
3.5. Unless otherwise approved in writing Employee shall abstain from voting on any decisions made by the EmployerSIMPPLE LTD.’s Remuneration Committee in connection with the amendment of any terms or conditions of, or the Employer shall not be required to reimburse the Employee for travelingrenewal of, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.6. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required of the Company or you will be in accordance with current CPF legislation.
3.8his employment under this Agreement. The Employee authorizes the Employer at any time during the Employee’s employment and/or on its termination to deduct any sums owed by the Employee to the Employer at any time from the Employee’s salary and/or from any other sums due to the Employee under this contract, including, but not limited to, any payment in lieu of notice and damages for breach of contract (“Authorized Deductions”).
3.9. The Employee’s remuneration shall be reviewed annually by the Employer. The Company is under no obligation to award an increase following a salary review.
3.10. A 13th month bonus 4.7 The Employer shall be payable entitled to Employee upon serving 12 months starting deduct from the Commencement Date.
3.11. An annual bonus of no less than 1% of revenue shall be payable Employee’s remuneration (including salary and bonuses) all sums from time to Employee upon serving 12 months starting time owing from the Commencement DateEmployee to any Group Company.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 1 contract
Sources: Employment Agreement (Simpple Ltd.)
Remuneration. 3.12.1 HBAP shall pay to the Executive on behalf of the Employer a salary at the rate of HKD8,000,000 gross per annum (the “Basic Salary”) which shall accrue day to day and be payable by equal monthly instalments in arrears on or about the 24th of each calendar month via the Hong Kong payroll. The Employee shall Board will review the Executive’s salary annually in April, the first such review following the date of this Agreement to take place in 2009 (except where notice has been given by either party, following which no review will be paid a basic carried out). There is no obligation on the Employer to increase the Executive’s salary of ten thousand seven hundred Singapore dollars (SGD 10,700) per calendar month starting 1 May 2021pursuant to any such review or otherwise.
3.2. All non-HDB dealings including but not limited to private property transactions must all be transacted through the Company. The employee is entitled to 50% 2.2 HBAP may also on behalf of the commission received.
3.3. Existing HDB clients belonging to the Employee must all be transferred to Ohmyhome and be subsequently charged at Ohmyhome’s services rate.
3.4. The Employee’s salary shall be payable monthly in arrears not later than the 7th day of the following month.
3.5. Unless otherwise approved in writing by the Employer, at its sole discretion both as to whether to pay any variable incentive compensation (including any bonus or deferred bonus in the form of cash or equity) (“Variable Pay”) and if so how much, pay the Executive Variable Pay of such amount as the Board may determine in respect of each complete financial year of the Employer during which the Employment subsists. The Executive acknowledges that he has no contractual right to receive any Variable Pay until it is declared in writing in respect of the financial year to which it relates and that he will not acquire such a right on the basis that during the Employment he has received one or more Variable Pay awards. Back to Contents
2.3 The operation of and all arrangements relating to any such Variable Pay, including the payment or award date as applicable, will be at the discretion of the Board which may terminate, replace or amend any such arrangement.
2.4 The Executive shall not be required entitled to reimburse be considered for and/or to receive any Variable Pay if on the Employee for travelingdate that any such Variable Pay is due to be paid, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred released or distributed (as applicable) he is no longer employed by the Employee in Employer or any Group Company, or is under notice of termination of employment (including if the performance of the Employee’s Executive is not assigned any duties hereunder.
3.6. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required of the Company or you will be in accordance with current CPF legislationthe garden leave provisions at clause 14.4), due to termination of employment by the Executive (other than in response to the Employer’s repudiatory breach of contract) or by the Employer pursuant to clause 14.1.2 of this Agreement.
3.8. 2.5 The Employee authorizes remuneration specified in clauses 2.1 and 2.2 shall be inclusive of any fees to which the Employer at Executive may be entitled as a director of HSBC, HBAP or any time during other Group Company or of any other company or any unincorporated body in which the Employee’s employment and/or on its termination to deduct Executive holds the office as nominee or representative of HSBC, HBAP or any sums owed by the Employee Group Company.
2.6 Payment of salary and any Variable Pay to the Employer at any Executive shall be made either by HBAP or by a Group Company and, if by more than one company, in such proportions as the Board may from time from the Employee’s salary and/or from any other sums due to time think fit, subject always to the Employee under this contractEmployer’s reasonable consideration of any detrimental net employment tax consequences on the Executive, including, but not limited to, any payment in lieu of notice and damages for breach of contract (“Authorized Deductions”)by doing so.
3.9. The Employee’s remuneration shall be reviewed annually 2.7 Payments made to the Executive by HBAP (or such other Group Company to which the Employer. The Company Executive is under no obligation seconded from time to award an increase following a salary review.
3.10. A 13th month bonus shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.11. An annual bonus time) are made for and on behalf of no less than 1% of revenue shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer.
3.132.8 The Executive may be entitled to participate in the HSBC Share Plan or any other employee share scheme established by the Group from time to time. Additional Incentives Any such right to participate is subject to the rules of the relevant scheme and shall be at the discretion of the Board.
2.8.1 If the Executive is entitled to participate in such a scheme, his rights under such scheme will be subject to and in accordance with the rules of that scheme. Subject to such rules, the rights and obligations of the Executive under the terms and conditions of his office or employment shall not be affected by his participation in the scheme or any right he may have to participate in the scheme.
2.8.2 Subject to the rules of the relevant scheme, in participating in such a scheme, the Executive waives any rights to compensation or damages from the Company arising from the loss or failure to receive any rights or benefits under the scheme (or the diminution in value of such rights or benefits) as a result of:
(a) the termination of his office or employment and/or giving notice of termination of employment with any Group Company for any reason whatsoever (whether lawful or unlawful); and/or
(b) the exercise or failure to exercise any discretion conferred by the rules of the scheme. Back to Contents
2.9 Subject to clause 7.3, during the Executive’s secondment to HBAP, he shall account to the appropriate authorities for all taxes, national insurance contributions and any other applicable statutory deductions (together “Statutory Deductions”) payable by him under any applicable law or regulation in respect of all sums received by him under this Agreement and shall indemnify HBAP for any losses, costs, or expenses incurred by HBAP resulting from his failure to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25do so.
Appears in 1 contract
Remuneration. 3.1. The Employee 5.1 For his services, the Registered Director shall receive a fixed annual gross salary of 375,000.00 EUR (in words: Three Hundred Seventy-Five Thousand Euro) (“Fixed Salary”) effective 1 April 2005, which shall be paid in twelve equal monthly instalments at the end of each month in arrears to a basic salary bank account indicated to the Company by the Registered Director. The shareholder(s) of ten thousand seven hundred Singapore dollars (SGD 10,700) per calendar month starting 1 May 2021the Company will review from time to time the Fixed Salary payable to the Registered Director hereunder and may, in their discretion, increase the Registered Director’s Fixed Salary.
3.2. All non-HDB dealings including but not limited 5.2 The Registered Director shall receive a bonus for each fiscal year, payable annually in arrears, which shall be of up to private property transactions must all be transacted through sixty percent (60 %) of the CompanyFixed Salary, provided Rayovac achieves certain annual performance goals or any other goals established by the Board of Directors (the “Board”) of Rayovac in its discretion from time to time (the “Bonus”). The employee Bonus shall be paid (if payable) on or before December 31 of each year. The annual performance goals approved by the Board shall be set forth in writing and a copy shall be delivered to the Registered Director promptly after approval thereof by the Board. Such annual performance goals shall be subject to modification from time to time as approved by the Board.
5.3 Rayovac shall grant the Registered Director restricted shares of Rayovac’s common stock as follows. On April 1, 2005, Registered Director shall be awarded 25,000 (Twenty-Five Thousand) shares of Rayovac’s common stock, shares that will include restrictions prohibiting the sale, transfer, pledge, assignment or other encumbrance of such stock (“Restricted Shares”), provided, however, that all such restrictions shall lapse on October 1, 2008. Notwithstanding anything else set forth above, (i) restrictions on Restricted Shares shall also lapse on a change in control of the Company (as defined in the company’s stock plan governing such award) (“Change in Control”) and (ii) any unlapsed shares of Restricted Stock shall be forfeited to the Company in the event the Executive’s employment with the Company terminates for any reason prior to a Change in Control. Additional terms and conditions of such restricted stock award shall be set forth in an agreement with such terms and conditions being substantially similar (other than as set forth above) to the terms and conditions of previous restricted stock award grants to similarly situated Company executives.
5.4 Subject to approval by the Compensation Committee of the Board and the Board, on each October 1 during the term of this Agreement commencing October 1, 2005, the Registered Director shall be awarded that number of shares (rounded up to the nearest whole share) of Rayovac’s common stock with a Fair Market Value equal to One Hundred Percent (100%) of the Fixed Salary then in effect. Each such award will provide for vesting in three (3) equal tranches on each December 1st thereafter, beginning the year following the grant date, with (except as otherwise provided herein or in the applicable plan document) the vesting of Fifty Percent (50%) of each such vesting tranche to be subject to the Executive’s continued employment with the Company as of each applicable December 1st and the remaining Fifty Percent (50%) of each such vesting tranche to be subject to the achievement of performance goals to be established by the Board from time to time (“Performance-Based Restricted Stock”), provided that One Hundred Percent (100%) of each outstanding vesting tranche shall vest upon a Change in Control. If the required performance goals are not met in any fiscal year, so that the restrictions on Performance-Based Restricted Stock scheduled to lapse for such year do not so lapse, the restrictions on such Performance-Based Restricted Stock will lapse the December 1 first following the originally scheduled lapse date. Notwithstanding anything else set forth above, (i) restrictions on such shares shall also lapse on a Change in Control and (ii) any unlapsed shares of restricted stock shall be forfeited to the Company in the event the Executive’s employment with the Company terminates for any reason prior to a Change in Control. Additional terms and conditions of such restricted stock award shall be set forth in an agreement with such terms and conditions being substantially similar (other than as set forth above) to the terms and conditions of previous restricted stock award grants to similarly situated Company executives.
5.5 The Company will pay to the Registered Director the employer’s social security contributions as required under applicable laws, in particular the contributions to the pension insurance, the unemployment insurance, the health insurance and the nursing care insurance. If the Registered Director is entitled to 50insured in a private health insurance, the Company will, upon submission of adequate proof, pay 50 % of the commission receivedcontributions to such health insurance but not more than the amount which would have to be paid if the Registered Director was covered by the AOK statutory health insurance.
3.3. Existing HDB clients belonging to 5.6 With the Employee must above remuneration, any and all be transferred to Ohmyhome and be subsequently charged at Ohmyhome’s services rate.
3.4. The Employee’s salary shall be payable monthly in arrears not later than the 7th day of the following month.
3.5. Unless otherwise approved in writing by Registered Director for the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.6. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.7. All payments of salary are subject to authorized deductions Company or deductions required by law. Any Central Provident Fund (CPF) contributions required on behalf of the Company or you will any affiliated company are compensated. There shall be in accordance with current CPF legislationno additional pay for overtime and extra work.
3.8. The Employee authorizes the Employer at any time during the Employee’s employment and/or on its termination to deduct any sums owed 5.7 All work results produced or achieved by the Employee Registered Director belong, and where applicable, all rights therein are transferred, to the Employer at Company, without the Registered Director being entitled to any time from the Employee’s salary and/or from any other sums due additional remuneration therefore.
5.8 The assignment and pledging of claims for remuneration is subject to the Employee under this contract, including, but not limited to, any payment in lieu prior approval of notice and damages for breach the shareholder(s) of contract (“Authorized Deductions”)the Company.
3.9. The Employee’s remuneration shall be reviewed annually by the Employer. The Company is under no obligation to award an increase following a salary review.
3.10. A 13th month bonus shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.11. An annual bonus of no less than 1% of revenue shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 1 contract
Remuneration. 3.1. 4.1 The Employee Employment Business shall be paid a basic salary of ten thousand seven hundred Singapore dollars (SGD 10,700) per calendar month starting 1 May 2021.
3.2. All non-HDB dealings including but not limited to private property transactions must all be transacted through the Company. The employee is entitled to 50% of the commission received.
3.3. Existing HDB clients belonging pay to the Employee must all be transferred to Ohmyhome and be subsequently charged at Ohmyhome’s services rate.
3.4. The Employee’s salary shall be payable monthly Temporary Worker the remuneration as shown in arrears not later than the 7th day of the following month.
3.5. Unless otherwise approved in writing by the EmployerClause 1, the Employer which shall not be less than the national minimum wage or national living wage. The actual rate will be notified on a per Assignment basis, for each hour (to the nearest quarter hour) or day worked during an Assignment to be paid weekly in arrears unless otherwise stated in Clause 1, subject to deductions in respect of PAYE Income Tax pursuant to Ss44 to 47 of the Income Tax (Earnings and ▇▇▇▇▇▇▇▇) ▇▇▇ ▇▇▇▇ and Class I National Insurance Contributions and any other deductions which the Employment Business may be required by law to reimburse make or any sums due from the Employee Temporary Worker to the Employment Business in respect of any over-payments and/or cost of repairing damage to the Client’s property. Bank Holiday rates are discretionary. If the Bank Holiday rate is not specified in Clause 1 and an uplifted rate is applicable, where possible the Employment Business will advise the Temporary Worker prior to working the Bank Holiday.
4.2 Subject to Clause 5 (regarding statutory leave) and any other statutory entitlement under the relevant legislation, the Temporary Worker is not entitled to receive payment from the Employment Business or Client for travelingtime not spent on an Assignment, entertainmentwhether in respect of illness or absence for any other reason unless otherwise agreed.
4.3 Unless stated in Clause 1, overtime pay for working beyond the normal work hours and other any expenses incurred by the Employee in the Temporary Worker during performance of the EmployeeAssignment shall be at the Temporary Worker’s duties hereunderown cost.
3.6. Unless otherwise approved 4.4 Where expenses are payable to the Temporary Worker, they must be set out in writing Clause 1 and agreed in advance by the EmployerClient, supported by valid documentation and submitted to the Employment Business, separately, within 30 days of being incurred. For the avoidance of doubt, the Employer Employment Business shall not be required to reimburse the Employee have no liability for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunderclaimed 30 days after being incurred.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required of the Company or you will be in accordance with current CPF legislation.
3.8. 4.5 The Employee authorizes the Employer Temporary Worker agrees and acknowledges that timesheets submitted at any time during following the Employee’s employment and/or on its termination to deduct any sums owed of the Assignment shall only be paid once verified by the Employee client.
4.6 In the event of any over-payment by the Employment Business to the Employer at any time Temporary Worker or repair costs for damage to Client property caused by the Temporary which cannot be recovered from the Employee’s salary and/or from any other sums Temporary Worker by way of deduction pursuant to Clause 4.1, the Temporary Worker shall immediately upon demand repay all outstanding amounts due to the Employee under this contract, including, but not limited to, any payment in lieu of notice and damages for breach of contract (“Authorized Deductions”)Employment Business.
3.9. The Employee’s remuneration shall be reviewed annually by the Employer. The Company is under no obligation to award an increase following a salary review.
3.10. A 13th month bonus shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.11. An annual bonus of no less than 1% of revenue shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 1 contract
Sources: Terms of Engagement
Remuneration. 3.1A. During employment with the Employer, the Employer shall pay to the Employee a gross annual salary in the amount of Two Hundred Thirteen Thousand Four Hundred (€213,400) Euros which shall be payable monthly in arrears. Additional remuneration for extra time worked and other benefits to which the employee may be entitled in terms of law. The Employee shall be paid a basic salary of ten thousand seven hundred Singapore dollars (SGD 10,700) per calendar month starting 1 May 2021is also due any statutory bonuses and governmental sanctioned increases.
3.2. All non-HDB dealings including but not limited to private property transactions must all be transacted through the Company. The employee is entitled to 50% of the commission received.
3.3. Existing HDB clients belonging to the Employee must all be transferred to Ohmyhome and be subsequently charged at Ohmyhome’s services rate.
3.4. B. The Employee’s salary shall be payable monthly in arrears not later than on the 7th last day of the following each calendar month.
3.5C. The employee shall be eligible to participate in the Employer healthcare benefit, subject to standard taxes/fringe benefits as applicable. Unless otherwise approved in writing by the EmployerIn addition, the employee shall be eligible to join the Employer shall not pension scheme. In order to participate in either or both schemes the employee will be required to reimburse register participation through the Employer’s HR Department, such schemes are not subject to auto-enrolment. Further details on these benefits are available through the HR Department.
D. The Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other shall be reimbursed all out-of-pocket expenses incurred during the course of fulfilling functions and duties, provided that such expenses have been duly approved and authorised by the Employee in the performance of the Employee’s duties hereunderEmployer prior to being so incurred.
3.6. Unless otherwise approved E. The employee is eligible to participate in writing by any key executive bonus plan (the Employer, “Bonus Plan”) that the Employer shall not be required offers generally to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.7executive team. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required of the Company or It is agreed that you will be in accordance provided with current CPF legislation.
3.8an individual performance target bonus goal equal to a maximum of thirty-five percent (35%) of the total cash value of your annual salary paid (“Target Bonus”) and determined solely at the election of the Compensation Committee as (or the EBET Board of Directors if no Compensation Committee exists) and as calculated by such determining body and the key performance indicators set forth by same on or before 90 days after the end of the Employer’s fiscal year for each year worked by Employee. The Employee authorizes terms of the Employer at any time during the Employee’s employment and/or on its termination to deduct any sums owed Bonus Plan will be decided by the Employee to EBET Board of Directors (or the Employer at any time from Compensation Committee of the Employee’s salary and/or from any other sums due to the Employee under this contract, including, but not limited to, any payment in lieu Board of notice and damages for breach of contract (“Authorized Deductions”Directors).
3.9. The Employee’s remuneration shall be reviewed annually by Employer reserves the Employer. The Company is under no obligation right to award an increase following a salary reviewamend the terms of the Bonus Plan at its absolute discretion.
3.10. A 13th month bonus shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.11. An annual bonus of no less than 1% of revenue shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 1 contract
Sources: Employment Agreement (EBET, Inc.)
Remuneration. 3.1. The Employee 5.1 As remuneration for his services hereunder the Company shall be paid a basic salary of ten thousand seven hundred Singapore dollars (SGD 10,700) per calendar month starting 1 May 2021pay to the Executive such emoluments and at such times as are stated in Schedule 4.
3.2. All non5.2 In addition the Company shall reimburse all travelling, hotel and out-HDB dealings including but not limited to private property transactions must all be transacted through the Company. The employee is entitled to 50% of the commission received.
3.3. Existing HDB clients belonging to the Employee must all be transferred to Ohmyhome and be subsequently charged at Ohmyhome’s services rate.
3.4. The Employee’s salary shall be payable monthly in arrears not later than the 7th day of the following month.
3.5. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other of-pocket expenses reasonably incurred by the Employee Executive in or about the performance Company's business and with the prior approval of the Employee’s duties hereunder.
3.6. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance board of the Employee’s duties hereunder.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required directors of the Company or you will be in accordance with current CPF legislationand for which he provides proper receipts valid, where appropriate, for sales tax purposes.
3.8. 5.3 The Employee authorizes remuneration payable hereunder shall be inclusive of any sums to which the Employer at Executive may from time to time be entitled as a director of the Company.
5.4 In the event of any time during variation in the Employee’s remuneration payable to the Executive hereunder being made by agreement between the parties (and whether or not such agreement shall be evidenced by a written endorsement hereto), such variation shall not constitute a new agreement but, (subject to any express agreement to the contrary) the employment and/or of the Executive hereunder shall continue subject in all respects to the terms and conditions of this Agreement with such variation as aforesaid.
5.5 All remuneration payable to the Executive under this Agreement shall be deemed to accrue from day to day, and any commission or bonus to which the Executive may be entitled is to be calculated on its the basis that one three-hundred-and sixty-fifth part thereof was earned for each day of each accounting reference period for which such commission or bonus is payable.
5.6 In the event of termination of this Agreement and the Executive's employment hereunder for any reason whatsoever, the Company shall be entitled to deduct from any sums remuneration payable to the Executive on such termination (whether in respect of any period before such termination or not) any monies which may at that time be owed by the Employee Executive to the Employer at any time from the Employee’s salary and/or from any other sums due to the Employee under this contract, including, but not limited to, any payment in lieu of notice and damages for breach of contract (“Authorized Deductions”)Company.
3.9. 5.7 The Employee’s remuneration Executive shall be reviewed annually by entitled to participate in the Employer. The Company is ▇▇▇▇▇▇▇▇ Enterprises, Inc. defined contribution pension arrangements under no obligation to award an increase following a salary review.
3.10. A 13th month bonus shall which the employer contribution will be payable to Employee upon serving 12 months starting from the Commencement Date.
3.11. An annual bonus of no less than 115% of revenue basic salary each year and shall also be payable entitled to Employee participate in any life assurance scheme or other similar retirement benefit scheme operated by ▇▇▇▇▇▇▇▇ Enterprises, Inc. upon serving 12 months starting the terms and subject to the conditions of the rules of such schemes from time to time in force in respect of and for the Commencement Datebenefit of the Executive.
3.12. Employee’s annual renewal 5.8 For so long as the Executive is required by the Company to live in the United Kingdom in the discharge of CEA license and CPD course fees his duties hereunder, the benefits detailed in Schedule 10 will be borne by available to the EmployerExecutive.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 1 contract
Sources: Service Agreement (Wolseley PLC)
Remuneration. 3.1. The Employee shall be paid a basic salary 8.1 During the continuance of ten thousand seven hundred Singapore dollars (SGD 10,700) per calendar month starting 1 May 2021.
3.2. All non-HDB dealings including but not limited to private property transactions must all be transacted through the Company. The employee is entitled to 50% this Agreement and in consideration of the commission received.
3.3. Existing HDB clients belonging Duties performed by the Employee referred to in clause 4 above, the Company will pay to the Employee must all be transferred to Ohmyhome an annual base salary of Four Hundred and be subsequently charged at Ohmyhome’s services rateTwenty Five Thousand ($425,000) USD.
3.4. 8.2 The Employee’s salary shall accrue from working day to day and be payable monthly in arrears not later than on the 7th last working day of the following month.
3.5. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of month into the Employee’s duties hereunder.
3.6. Unless otherwise approved in writing by nominated bank or building society account, after the Employerdeduction of PAYE, the Employer shall not be required to reimburse the Employee for travelingPRSI, entertainment, overtime pay for working beyond the normal work hours and USC payments and all other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.7. All payments of salary are subject to authorized deductions lawful or deductions required by law. Any Central Provident Fund (CPF) contributions required of the Company or you will be in accordance with current CPF legislation.
3.8authorised deductions. The Employee authorizes acknowledges and accepts the Employer at any time during the EmployeeCompany’s employment and/or on its termination right to deduct any sums owed by the Employee to the Employer at any time benefit in kind tax payable in respect hereof from the Employee’s salary and/or from time to time. The Company reserves the right to alter the method of payment of the Employee’s salary, as may be necessary in the circumstances.
8.3 The Employee will be notified, in writing, each month of the gross and net remuneration and of the nature and amount of all deductions. For the purposes of the National Minimum Wage Act 2000, the pay reference period shall be a month.
8.4 The Employee may, under Section 23 of the National Minimum Wage Act 2000, request from the Company a written statement of the Employee’s average hourly rate of pay for any pay reference period (other sums than the current pay reference period) falling within the twelve month period immediately preceding the request.
8.5 For the purpose of the Payment of Wages Act 1991, the Employee acknowledges and agrees that the Company is entitled, at any time during or on termination of Employee’s employment, to deduct from Employee’s salary or other payments due to Employee, all sums owed to the Employee under this contract, Company including, but not limited to, any payment in lieu of notice balance owing on staff accounts, any overpayments, loans or losses and damages for breach of contract (“Authorized Deductions”)Employee hereby consents to any such deductions.
3.98.6 Management will review the Employee’s performance, base salary, and equity participation level under the terms of any Incentive Plans, annually beginning in 2023. The Employee’s remuneration shall timing of performance and salary reviews may from time to time be reviewed annually amended by the Employer. The Company is under no obligation to award an increase following a salary reviewin its sole discretion.
3.10. A 13th month bonus shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.11. An annual bonus of no less than 1% of revenue shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 1 contract
Remuneration. 3.1. The 4.1 On or after the Effective Date, the Employee shall be paid a basic monthly salary of ten thousand seven hundred Singapore dollars (SGD 10,700) per calendar month starting 1 May 2021SGD9,000.
3.2. All non-HDB dealings including but not limited 4.2 The Employer and/or the Board may in its absolute discretion pay the Employee a bonus of such amount, at such intervals and subject to private property transactions must all be transacted through such conditions as the Company. The employee is entitled Employer and/or the Board may in its absolute discretion determine from time to 50% of the commission receivedtime.
3.3. Existing HDB clients belonging 4.3 Any bonus payment to the Employee must all shall be transferred purely discretionary and shall not form part of the Employee's contractual remuneration under this Agreement. If the Employer makes a bonus payment to Ohmyhome the Employee in respect of a particular financial year of the Employer, it shall not be obliged to make subsequent bonus payments in respect of subsequent financial years of the Employer. Notwithstanding this Clause 4.3, the Employee shall in any event have no right to a bonus or a time apportioned bonus if:
(i) the Employee has not been employed throughout the whole of the relevant financial year of the Employer; or
(ii) the employment terminates for any reason or the Employee is under notice of termination (whether given by the Employee or the Employer) at or prior to the date when a bonus might have otherwise been payable.
4.4 The Employee's salary shall accrue from day to day and be subsequently charged at Ohmyhome’s services ratepayable monthly (the “Salary Period”) in arrears no later than seven (7) days after the end of Salary Period and an itemised pay slip with the details will be given to the Employee.
3.4. 4.5 The Employee shall be entitled to the following fixed allowances per Salary Period: Mobile Allowance 150 Transport Allowance 300
4.6 The Employee’s 's monthly salary shall be payable monthly in arrears not later than subjected to the 7th day of the following monthannual review by SIMPPLE LTD.
3.5. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.6. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required of the Company or you will be in accordance with current CPF legislation.
3.8Remuneration Committee. The Employee authorizes the Employer at any time during the Employee’s employment and/or on its termination to deduct any sums owed by the Employee to the Employer at any time from the Employee’s salary and/or from any other sums due to the Employee under this contract, including, but not limited to, any payment in lieu of notice and damages for breach of contract (“Authorized Deductions”).
3.9. The Employee’s remuneration shall be reviewed annually by the Employer. The Company is under no obligation to award an increase following a salary review.
3.10. A 13th month bonus 4.7 The Employer shall be payable entitled to Employee upon serving 12 months starting deduct from the Commencement Date.
3.11. An annual bonus of no less than 1% of revenue shall be payable Employee’s remuneration (including salary and bonuses) all sums from time to Employee upon serving 12 months starting time owing from the Commencement DateEmployee to any Group Company.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 1 contract
Sources: Employment Contract (Simpple Ltd.)
Remuneration. 3.1. The Employee 9.1 In consideration of the satisfactory performance by the Contractor of the Services the Employer shall pay the Contractor the Fee provided always that:
(a) the Contractor has complied with all its obligations under this Appointment relevant to the stage in respect of which the payment is made;
(b) the Contractor has submitted an invoice in such form and with such details and supporting documents as may reasonably be required from time to time by the Employer; and
(c) if the provision of the Services is delayed, disrupted or suspended for any reason the instalments in which the Fee is paid shall be revised by the Employer to the extent that such instalments shall be payable in fair and reasonable instalments during the Project.
9.2 When applying for payment or rendering an invoice, the Contractor shall provide such supporting documentation and information as the Employer may reasonably require to enable it to evaluate the application for payment invoice.
9.3 Subject to this clause 9.3, the Contractor shall be paid a basic salary (as payment on account of ten thousand seven hundred Singapore dollars (SGD 10,700the Fee) per calendar month starting 1 May 2021in respect of each application for payment in accordance with the following:- The Due Date for payment shall be fourteen days following the date upon which the Employer received an invoice for such sums in accordance with this clause 9.3. The Final date for payment of each invoice submitted in accordance with clause 9.2 shall be fourteen days after its due date for payment.
3.2. All non-HDB dealings including but 9.4 The Employer may give notice to the Contractor not limited later than 5 days after the due date for payment of each invoice specifying the amount (if any) of the payment made or proposed to private property transactions must all be transacted through made, and the Company. basis on which that amount was calculated.
(a) The employee is Employer shall be entitled to 50% deduct from any amounts due or which may be due to the Contractor hereunder the Employer’s bona fide estimate of the commission receivedamount of any loss and/or expense suffered or incurred by the Employer by reason of any breach by the Contractor of his obligations pursuant to these Conditions.
3.3(b) The Employer shall not withhold payment after the final date for payment, as set out in clause 9.5(a) above, unless he has given notice of his intention to withhold payment not later than 7 days before the final date for payment. Existing HDB clients belonging This notice must specify:
(i) the amount proposed to be withheld and the ground for withholding payment; or
(ii) if there is more than one ground, each ground and the amount attributable to it. A notice given under this clause 9.5(b) shall suffice for the purposes of this sub- clause provided it complies with all the requirements of this sub-clause.
9.6 If the amount of any fees or disbursements becoming due hereunder is wrongfully withheld after the relevant final date for payment, such amount shall bear simple interest at the rate of 3% over Bank of England base rate for the time being, from the final date for payment to and including the date on which such amount is paid or discharged.
9.7 The Contractor shall not be entitled to any payment for Additional Services unless written authorisation has been provided to the Employee must all Contractor by the Employer prior to the commencement of the Additional Services in accordance with clause 4.3 such authorisation including an acknowledgement by the Employer that additional payment will be transferred due to Ohmyhome and be subsequently charged at Ohmyhome’s services ratethe Contractor.
3.49.8 The amount payable to the Contractor shall be the lump sum stated in of Schedule 3. The Employee’s salary It shall be varied from that lump sum only in the event of a significant change in the scope and nature of the Project and a significant change in the Services to be provided by the Contractor. Such change must be notified in writing to the Contractor by the Employer in accordance with clause 4.3 to qualify for adjustment of the Fee. Any such additional involvement will be paid for by the Employer in accordance with the appropriate rates set out in Part 2 Schedule 3 of this Agreement.
9.9 Any fees payable to the Contractor shall be deemed to be exclusive of Value Added Tax. Value Added Tax shall be payable monthly in arrears not later than the 7th day of the following month.
3.5. Unless otherwise approved in writing by the Employer, Employer on the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred submission by the Employee in the performance Contractor of the Employee’s duties hereundera valid Value Added Tax invoice.
3.6. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required of the Company or you will be in accordance with current CPF legislation.
3.8. The Employee authorizes the Employer at any time during the Employee’s employment and/or on its termination to deduct any sums owed by the Employee to the Employer at any time from the Employee’s salary and/or from any other sums due to the Employee under this contract, including, but not limited to, any payment in lieu of notice and damages for breach of contract (“Authorized Deductions”).
3.9. The Employee’s remuneration shall be reviewed annually by the Employer. The Company is under no obligation to award an increase following a salary review.
3.10. A 13th month bonus shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.11. An annual bonus of no less than 1% of revenue shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 1 contract
Remuneration. 3.1. 4.1 The Employee Executive shall be paid for his services hereunder a basic salary which shall be payable by equal monthly installments on the first day of ten thousand seven hundred Singapore dollars each month (SGD 10,700) per calendar month starting 1 May 2021.
3.2or on the previous working day if such day falls on a weekend or bank holiday), in arrears. All non-HDB dealings including but not limited to private property transactions must all be transacted through the Company. The employee is entitled to 50% of the commission received.
3.3. Existing HDB clients belonging to the Employee must all be transferred to Ohmyhome and be subsequently charged at Ohmyhome’s services rate.
3.4. The Employee’s Such salary shall be payable monthly in arrears not later than deemed to accrue from day to day and shall be inclusive of any remuneration or fees to which the 7th day of the following month.
3.5. Unless otherwise approved in writing by the Employer, the Employer shall not Executive may be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.6. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required entitled as director of the Company or you will of any Associated Company. The rate of payment shall be (pound)24,000 per annum for the first 12 months of this Agreement and thereafter payment shall be made at a rate of (pound)36,000 per annum or such other rate as the parties may agree.
4.2 At least once in each six months, the Company shall review, but shall not be obliged to increase, the salary payable under this Agreement save as set out in clause 4.1 above.
4.3 On the Commencement Date the Board and the Executive shall agree upon annual revenue targets for the Company for the three years from the Commencement Date and put in place a bonus scheme relative to those revenue targets. The Executive shall be entitled to participate in the bonus scheme upon such terms and conditions as shall be set by the Board in its absolute discretion from time to time. To be eligible for consideration for such a bonus, the Executive must still be in service and not under notice of termination on the date appointed for payment of the bonus. The amount of the bonus (if any) shall be in the absolute discretion of the Board and the Board shall be entitled to terminate any bonus put in place at any time upon one month's written notice to the Executive.
4.4 The Company does not provide private medical insurance for its employees but shall (at its sole discretion) review the feasibility of putting in place such a scheme from time to time, but in no event shall the Company be under an obligation to provide such a scheme.
4.5 The Executive shall be eligible to participate in the JAG Media Holdings, Inc stock option scheme. Membership of the said scheme shall be in accordance with current CPF legislation.
3.8. The Employee authorizes the Employer at any rules of the scheme for the time during being in force and the Employee’s employment and/or on its termination to deduct any sums owed by vesting schedule and exercise price under the Employee scheme applicable to the Employer at any time from Executive are set out in the Employee’s salary and/or from any other sums due Schedule to the Employee under this contract, including, but not limited to, any payment in lieu of notice and damages for breach of contract (“Authorized Deductions”)Agreement.
3.9. The Employee’s remuneration shall be reviewed annually by the Employer. The Company is under no obligation to award an increase following a salary review.
3.10. A 13th month bonus shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.11. An annual bonus of no less than 1% of revenue shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 1 contract
Sources: Executive Service Agreement (Jag Media Holdings Inc)
Remuneration. 3.1(a) Subject to Clause 4(b), the Employee shall be paid by the Company in respect of his duties performed under this Agreement a salary of £450,000 per annum (“Base Salary”) payable in arrears net of required statutory deductions and in twelve equal monthly instalments, except for payments in respect of any initial or final periods of less than one month, which shall be pro-rated. The Employee’s Base Salary shall be reviewed and, at the Company’s sole and absolute discretion, increased by the Remuneration Committee or such other body approved by the Board of Directors of the Company.
(b) In the event that the Employee by reason of his sickness or injury is absent from work and unable to perform his duties under this Agreement:
(i) for any period of more than two weeks, the Company, following advance consultation with the Employee, may make alternative arrangements for the Employee’s essential duties to be performed pending his return; and
(ii) subject to Clause 4(b)(iv) and subject to prompt provision by the Employee of medical evidence acceptable to the Company establishing such inability and to compliance with all policies issued by the Company in relation to sick pay, the Company shall pay him his Base Salary at the full rate and provide all benefits under Clause 4(c) and pension contributions under Clause 9 for up to a total of twenty-six weeks (one hundred and thirty working days) in any fifty-two week period, provided that the Company shall be entitled to deduct from the remuneration of the Employee an amount equal to any income benefit which the Employee is entitled to claim by reason of his illness or incapacity under the National Insurance Scheme for the time being in force; and
(iii) if such absence and inability to work continues for more than a total of twenty-six weeks in any fifty-two week period, all entitlement to Base Salary and to benefits under Clause 4(c) and pension contributions under Clause 9 shall cease; and
(iv) the Company shall have the right at any time within thirteen weeks after the expiry of the last of the twenty-six weeks on written notice to the Employee, and on payment to him of six months’ Base Salary, six months’ pension contributions under Clause 9 and the cost to the Company of six months’ benefits under Clause 4(c), net of required statutory deductions, to determine his service forthwith.
(c) Subject to Clause 4(b), during the continuance of the employment under this Agreement, the Employee shall be entitled to the following additional benefits:-
(i) The Employee shall be paid provided with a basic salary of ten thousand seven hundred Singapore dollars (SGD 10,700) per calendar month starting 1 May 2021car or a cash car allowance, in accordance with the Company’s policies and procedures from time to time.
3.2. All non-HDB dealings including but not limited (ii) The Company shall provide the Employee, his spouse and dependent children with private medical cover at the rate for employees of his status in accordance with the Company’s policy regarding such insurance and the rules of the relevant scheme from time to private property transactions must all time.
(iii) The Company shall provide life assurance cover equal to four times the Employee’s Base Salary.
(iv) The Company shall invite the Employee to participate in such ▇▇▇▇▇▇▇ Group performance incentive schemes, if any, as may from time to time be transacted through offered by the Board of Directors of the Company. The employee is entitled Company currently operates an Annual Incentive Remuneration scheme (with the expectation that, based upon the assessment of the Remuneration Committee of the Board of Directors of the Company in its discretion, up to 100% of Base Salary may be earned thereunder) and a Long Term Incentive Plan. In respect of service during 2004, the Company shall pay the Employee, by way of Annual Incentive Remuneration, a minimum of 50% of the commission received.
3.3. Existing HDB clients belonging Base Salary paid to the Employee must all be transferred to Ohmyhome and be subsequently charged at Ohmyhome’s services rate.
3.4. The Employee’s salary during his period of service in 2004, unless the Employee gives notice before 31 December 2004, in which case no Annual Incentive Remuneration shall be payable monthly in arrears not later than payable. In the 7th day event of termination by either party and/or long term absence of the following month.
3.5. Unless Employee any entitlement to benefit under the schemes will otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.6. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required of the Company or you will be determined in accordance with current CPF legislation.
3.8. The Employee authorizes the Employer at any time during rules of the Employee’s employment and/or on its termination to deduct any sums owed by the Employee to the Employer at any time from the Employee’s salary and/or from any other sums due to the Employee under this contract, including, but not limited to, any payment in lieu of notice and damages for breach of contract respective schemes (“Authorized Deductions”if any).
3.9. The Employee’s remuneration shall be reviewed annually by the Employer. The Company is under no obligation to award an increase following a salary reviewmay vary, suspend or discontinue any performance incentive schemes at any time.
3.10. A 13th month bonus shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.11. An annual bonus of no less than 1% of revenue shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 1 contract
Remuneration. 3.16.1 The employer will pay the employee, subject to paragraph 6.2 below, a monthly salary of R___________ . The Employee shall salary will be paid a basic salary into the employee’s bank account on the last day of ten thousand seven hundred Singapore dollars (SGD 10,700) per calendar month starting 1 May 2021.
3.2. All non-HDB dealings including but not limited to private property transactions must all be transacted through the Companyevery month. The employee is entitled responsible to 50% give this information to the employer and to notify the employer in writing of the commission receivedany amendments in this regard.
3.3. Existing HDB clients belonging to 6.2 The employer will deduct from the Employee must amount in paragraph 6.1 all be transferred to Ohmyhome and be subsequently charged at Ohmyhome’s services rate.
3.4. The Employee’s salary shall be payable monthly in arrears not later than the 7th day of the following month.
3.5. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.6. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) , including income tax and contributions required in terms of the Company or you Compensation for Occupational Injuries and Diseases Act 130 of 1993 and the Unemployment Insurance Act 30 of 1966. The employer will not be entitled to make any other deductions from the employee’s salary without the employee’s written permission.
6.3 The employer may, in his sole discretion and dependent on the employer’s financial position, pay to the employee an annual bonus of R_________________ . (Optional clause)
6.4 In the event that a bonus is paid to the employee, such bonus will only be paid on completion of this contract on _______________ as provided for in paragraph 2 above. No bonus will be in accordance with current CPF legislation.paid to the employee if this contract is terminated, for whatever reason, before the said date. (Optional clause)
3.86.5 The employee is free to belong to a registered Medical Aid Scheme and registered Retirement Benefit Scheme of his choice. The Employee authorizes employee must notify the Employer at employer in writing of any time during existing membership to such schemes or as soon as he becomes a member of any such schemes. The employer will be responsible for contributing _______% of the Employeeemployee’s employment and/or on its termination contribution to deduct any sums owed the scheme/s, provided that the total monthly contribution by the Employee employer to the Employer at any time from the Employee’s salary and/or from any other sums due to the Employee under this contract, including, but all schemes does not limited to, any payment in lieu of notice and damages for breach of contract exceed R__________. (“Authorized Deductions”).Optional clause).6
3.9. 6.6 The Employee’s remuneration shall be reviewed annually by the Employer. The Company is under employer has no obligation to award secure membership of a registered Medical Aid Scheme or a registered Retirement Benefit Scheme for the employee and will make no contributions on behalf of the employee towards any such schemes. (Optional clause)7
6.7 An employee shall, upon commencement of service, take the necessary steps to become a member of the Medical Aid Scheme and Retirement Benefit Scheme of the employer’s choice. In the event that an increase following employee already has membership of similar Schemes on date of commencement of service, the employee shall inform the employer of the particulars thereof. The employer then has the discretion to waive the employee’s obligation to become a salary reviewmember of the employer’s choice of Schemes and make a contribution to the employee in terms of paragraph 6.
3.10. A 13th month bonus shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.11. An annual bonus of no less than 1% of revenue shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 1 contract
Sources: Contract of Employment
Remuneration. 3.1. 4.1 The Employee shall be paid for his services a basic salary at the rate of ten thousand seven hundred Singapore dollars GBP130,000 per payable by equal monthly installments on the 25th day of each month (SGD 10,700) per calendar month starting 1 May 2021.
3.2or on the previous working day if such a day falls on a weekend or bank holiday). All non-HDB dealings including but not limited Such salary shall be deemed to private property transactions must all accrue from day to day. The Company shall from time to time determine the source from which the Employee's remuneration is to be transacted through paid to the Employee and except so far as otherwise so determined, the same shall be paid by the Company. The employee is entitled Employee's remuneration shall be subject to such withholding or deductions as are required by law to be made.
4.2 The Employee's basic salary shall be reviewed by the Company at least once in every year, the first review to be on or about the anniversary date of his employment, and the rate of basic salary may be increased by the Company with effect from that date by such amounts as it thinks fit.
4.3 Upon the Employee's acceptance and commencement of employment with the Company and establishment of the Company's stock option plan, he will be granted an option to purchase shares of the Company representing three percent (3%) of the Company's total issued capital stock at the current fair market value on Employee's date of hire as determined by the Company, pursuant to a separate option agreement. The option shares will vest over a 4-year period (commencing on the first anniversary date of Employee's date of hire) at the rate of 25% of the option shares per year, subject to Employee's continued employment. The options will have a term of 10 years, provided Employee remains in continuous employment with the Company, and will otherwise be subject to United Kingdom and United States regulations and laws as well as the terms of the stock option plan itself. The option agreement will provide that upon a change of control of the Company (a merger, consolidation or reorganization in which the Company's stockholders cease to exercise 50% of the total combined voting power of the surviving entity, or a sale or other disposition of all or substantially all of the Company's assets), the Company will use its best efforts to effect the assumption of Employee's options under the stock option plan of the surviving or acquiring entity on equivalent terms. The Company will consider additional option grants based on Employee's performance.
4.4 The Employee will be eligible to receive a bonus ranging between 30% to 50% of his annual basic salary based on reasonable criteria, which may include the commission received.
3.3. Existing HDB clients belonging to the Employee must all be transferred to Ohmyhome following: meeting revenue goals within cost and be subsequently charged at Ohmyhome’s services rate.
3.4expense budgets, meeting roll-out schedules across Europe, meeting page view and unique visitor target goals, and developing and maintaining top level strategic relationships with key partners and content providers throughout Europe. The specific targets for Employee’s salary shall be payable monthly in arrears not later than the 7th day of the following month.
3.5. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.6. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required of the Company or you 's bonus eligibility will be developed in accordance with current CPF legislation.
3.8the Company's business plan, and will be provided by way of amendment to this Agreement within sixty (60) days of the effective date of this Agreement. The In the event of a termination of Employee authorizes (other than termination pursuant to Section 11.1 below) in the Employer at any time during the Employee’s employment and/or on its termination to deduct any sums owed by the midst of a calendar year, Employee to the Employer at any time from the Employee’s salary and/or from any other sums due to the Employee under this contract, including, but not limited to, any payment in lieu of notice and damages for breach of contract (“Authorized Deductions”).
3.9. The Employee’s remuneration shall be reviewed annually by entitled to a pro rata portion of the Employer. The Company is under no obligation to award an increase following a salary review.
3.10. A 13th month bonus shall be payable to Employee upon serving 12 months starting from based on Employee's progress towards meeting the Commencement Date.
3.11. An defined annual bonus criteria, based on the Company's reasonable determination taking into account all of no less than 1% of revenue shall be payable to Employee upon serving 12 months starting from the Commencement Datefacts and circumstances surrounding such bonus criteria.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 1 contract
Sources: Employment Agreement (Hoovers Inc)
Remuneration. 3.1. The 4.1 On or after the Effective Date, the Employee shall be paid a basic monthly salary of ten thousand seven hundred Singapore dollars (SGD 10,700) per calendar month starting 1 May 2021☑.
3.2. All non-HDB dealings including but not limited 4.2 The Employer and/or the Board may in its absolute discretion pay the Employee a bonus of such amount, at such intervals and subject to private property transactions must all be transacted through such conditions as the Company. The employee is entitled Employer and/or the Board may in its absolute discretion determine from time to 50% of the commission receivedtime.
3.3. Existing HDB clients belonging 4.3 Any bonus payment to the Employee must all shall be transferred purely discretionary and shall not form part of the Employee's contractual remuneration under this Agreement. If the Employer makes a bonus payment to Ohmyhome the Employee in respect of a particular financial year of the Employer, it shall not be obliged to make subsequent bonus payments in respect of subsequent financial years of the Employer. Notwithstanding this Clause 4.3, the Employee shall in any event have no right to a bonus or a time apportioned bonus if:
(i) the Employee has not been employed throughout the whole of the relevant financial year of the Employer; or
(ii) the employment terminates for any reason or the Employee is under notice of termination (whether given by the Employee or the Employer) at or prior to the date when a bonus might have otherwise been payable.
4.4 The Employee's salary shall accrue from day to day and be subsequently charged at Ohmyhome’s services ratepayable monthly (the “Salary Period”) in arrears no later than seven (7) days after the end of Salary Period and an itemised pay slip with the details will be given to the Employee.
3.4. 4.5 The Employee shall be entitled to the following fixed allowances per Salary Period: Mobile Allowance [ ] Transport Allowance [ ]
4.6 The Employee’s 's monthly salary shall be payable monthly in arrears not later than subjected to the 7th day of the following monthannual review by SIMPPLE LTD.
3.5. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.6. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required of the Company or you will be in accordance with current CPF legislation.
3.8Remuneration Committee. The Employee authorizes the Employer at any time during the Employee’s employment and/or on its termination to deduct any sums owed by the Employee to the Employer at any time from the Employee’s salary and/or from any other sums due to the Employee under this contract, including, but not limited to, any payment in lieu of notice and damages for breach of contract (“Authorized Deductions”).
3.9. The Employee’s remuneration shall be reviewed annually by the Employer. The Company is under no obligation to award an increase following a salary review.
3.10. A 13th month bonus 4.7 The Employer shall be payable entitled to Employee upon serving 12 months starting deduct from the Commencement Date.
3.11. An annual bonus of no less than 1% of revenue shall be payable Employee’s remuneration (including salary and bonuses) all sums from time to Employee upon serving 12 months starting time owing from the Commencement DateEmployee to any Group Company.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 1 contract
Sources: Employment Contract (Simpple Ltd.)
Remuneration. 3.1(a) During the Term Employer will compensate Employee for his services based upon ten (10%) percent commission of Employee's Marketing (which term excludes sales and Marketing of any other person, whether an employee, agent, officer, director, independent contractor of Employer or otherwise) plus additional compensation of three (3%) percent commission of all other Marketing, exclusive of Employee's and Tepe▇▇▇▇'▇ ▇▇▇keting ("Other Marketing"). The Employee shall have the right to examine the Employee's books, records and tax returns. During the Term Employer shall provide Employee with a payment of $1,000 per week, ("Weekly Draw") against the 10% commissions to be earned based upon a minimum of Employee generated Marketing of $520,000 per annum exclusive of Other Marketing (measured on a calendar year basis) ("Minimum Term Commission"). Commissions due Employee shall be paid quarterly within 45 days from the close of the immediately preceding quarter for which commissions are due. Each quarter shall be measured on a basic salary calendar quarter basis, provided the first Quarter of ten thousand seven hundred Singapore dollars 1996 shall include November and December, 1995 (SGD 10,700the "1995 Period"). Employer has the right in its sole discretion to adjust any Employee Marketing commissions downward in direct proportion to such quarterly Marketing generated by Employee as such relates to the Minimum Term Commissions which are $130,000 per quarter(1). Such adjustment shall be effected on a quarterly basis for the immediately succeeding quarter, and, if necessary, continued to any subsequent quarter(s) per calendar month starting 1 May 2021.
3.2thereafter; and such adjustments shall be on a dollar for dollar basis based upon the difference between Minimum Term Commissions as represented by the Weekly Draw which Employee has already received for that quarter and the Employee generated Marketing for that quarter, exclusive of Other Marketing. All nonadjustments shall be effected on a pro-HDB dealings including but not limited to private property transactions must all be transacted through rata basis in equal weekly amount reductions against the CompanyEmployee's future Weekly Draw. The employee is entitled to 50% Upward adjustments based on Employee generated Commissions in excess of the commission received.Minimum Term Commissions for a particular quarter shall likewise be paid by Employer to Employee on a pro-rata basis over the term of the next immediately succeeding quarter. ---------------
3.3. Existing HDB clients belonging to (1) For the Employee must all be transferred to Ohmyhome and be subsequently charged at Ohmyhome’s services rate.
3.4. The Employee’s salary first Quarter, 1996 the Minimum Term Commission shall be payable monthly in arrears not later than the 7th day $173,334 due to inclusion of the following month.
3.5. Unless otherwise approved in writing by the Employer1995 Period, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee which results in the performance 1996 per annum minimum Employee generated Marketing requirements of the Employee’s duties hereunder$563,334.
3.6. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required of the Company or you will be in accordance with current CPF legislation.
3.8. The Employee authorizes the Employer at any time during the Employee’s employment and/or on its termination to deduct any sums owed by the Employee to the Employer at any time from the Employee’s salary and/or from any other sums due to the Employee under this contract, including, but not limited to, any payment in lieu of notice and damages for breach of contract (“Authorized Deductions”).
3.9. The Employee’s remuneration shall be reviewed annually by the Employer. The Company is under no obligation to award an increase following a salary review.
3.10. A 13th month bonus shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.11. An annual bonus of no less than 1% of revenue shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 1 contract
Sources: Employment Agreement (Medicore Inc)
Remuneration. 3.1. The 4.1 On or after the Effective Date, the Employee shall be paid a basic monthly salary of ten thousand seven hundred Singapore dollars (SGD 10,700) per calendar month starting 1 May 2021SGD10,350.
3.2. All non-HDB dealings including but not limited 4.2 The Employer and/or the Board may in its absolute discretion pay the Employee a bonus of such amount, at such intervals and subject to private property transactions must all be transacted through such conditions as the Company. The employee is entitled Employer and/or the Board may in its absolute discretion determine from time to 50% of the commission receivedtime.
3.3. Existing HDB clients belonging 4.3 Any bonus payment to the Employee must all shall be transferred purely discretionary and shall not form part of the Employee's contractual remuneration under this Agreement. If the Employer makes a bonus payment to Ohmyhome the Employee in respect of a particular financial year of the Employer, it shall not be obliged to make subsequent bonus payments in respect of subsequent financial years of the Employer. Notwithstanding this Clause 4.3, the Employee shall in any event have no right to a bonus or a time apportioned bonus if:
(i) the Employee has not been employed throughout the whole of the relevant financial year of the Employer; or
(ii) the employment terminates for any reason or the Employee is under notice of termination (whether given by the Employee or the Employer) at or prior to the date when a bonus might have otherwise been payable.
4.4 The Employee's salary shall accrue from day to day and be subsequently charged at Ohmyhome’s services ratepayable monthly (the “Salary Period”) in arrears no later than seven (7) days after the end of Salary Period and an itemised pay slip with the details will be given to the Employee.
3.4. 4.5 The Employee shall be entitled to the following fixed allowances per Salary Period: Mobile Allowance 150 Transport Allowance 300 Vehicle Allowance 700 Performance Allowance 800
4.6 The Employee’s 's monthly salary shall be payable monthly subjected to the annual review by SIMPPLE LTD.’s Remuneration Committee, and in arrears not later than the 7th day event that the Employee is a member of SIMPPLE LTD.’s Remuneration Committee, the following month.
3.5. Unless otherwise approved in writing Employee shall abstain from voting on any decisions made by the EmployerSIMPPLE LTD.’s Remuneration Committee in connection with the amendment of any terms or conditions of, or the Employer shall not be required to reimburse the Employee for travelingrenewal of, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.6. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required of the Company or you will be in accordance with current CPF legislation.
3.8his employment under this Agreement. The Employee authorizes the Employer at any time during the Employee’s employment and/or on its termination to deduct any sums owed by the Employee to the Employer at any time from the Employee’s salary and/or from any other sums due to the Employee under this contract, including, but not limited to, any payment in lieu of notice and damages for breach of contract (“Authorized Deductions”).
3.9. The Employee’s remuneration shall be reviewed annually by the Employer. The Company is under no obligation to award an increase following a salary review.
3.10. A 13th month bonus 4.7 The Employer shall be payable entitled to Employee upon serving 12 months starting deduct from the Commencement Date.
3.11. An annual bonus of no less than 1% of revenue shall be payable Employee’s remuneration (including salary and bonuses) all sums from time to Employee upon serving 12 months starting time owing from the Commencement DateEmployee to any Group Company.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
Appears in 1 contract
Sources: Employment Agreement (Simpple Ltd.)
Remuneration. 3.1. 3.1 The Employee Corporation shall be paid provide to the Executive a basic remuneration package, excluding the bonuses set out in PARAGRAPH 3.2, not exceeding a gross amount of $180,000.00 per annum, of which the salary of ten thousand seven hundred Singapore dollars (SGD 10,700) per calendar month starting 1 May 2021portion is payable in bi-weekly installments, less such deductions as are required by applicable law and regulations.
3.2. All non-HDB dealings including but not limited 3.2 In addition to private property transactions must all be transacted through her remuneration package, the Company. The employee Executive is entitled to a bonus, the whole subject to the following terms and conditions:
3.2.1 the bonus payable shall be equal to fifty percent (50%) of the Executive's remuneration package referred to in PARAGRAPH 3.1 and shall be conditional upon the fulfillment of the milestones attributed to her by the board of directors of the Corporation such as provided in PARAGRAPH 3.2.2; if less than all of the milestones are fulfilled, the board of directors may grant to the Executive a bonus which is less than 50% of the commission received.remuneration package;
3.3. Existing HDB clients belonging 3.2.2 within a sixty (60) day period following the start of each Fiscal Year during the term hereof, the board of directors of the Corporation together with the Executive will establish the milestones to be attained by the Employee must all Executive in order to be transferred entitled to Ohmyhome and be subsequently charged at Ohmyhome’s services rate.
3.4her bonus. The Employee’s salary shall be payable monthly in arrears not later than milestones will allow the 7th day board of directors of the following month.
3.5. Unless otherwise approved in writing by the Employer, the Employer shall not be required Corporation to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in evaluate the performance of the Employee’s duties hereunderExecutive in achieving the business plan of the Corporation. These milestones will have to be approved by the Institutional Shareholders pursuant to Section 6 of the Shareholders' Agreement. The Executive will then be notified in writing of the milestones, no later than ninety (90) days following the start of each Fiscal Year; and
3.2.3 starting with the audited financial statements for the Fiscal Year ending on October 31, 2002, the bonus for that year and for each subsequent year thereafter shall, subject to the terms of this PARAGRAPH 3.2, be paid in a lump sum within ten (10) days of the receipt by the Corporation of its audited financial statements for each applicable year, it being understood that in the event the Executive does not remain employed for the whole year with respect to which the bonus is payable, the Executive is entitled to a prorated portion of the bonus otherwise payable for such year based on the actual number of days the Executive is employed by the Corporation.
3.6. Unless otherwise approved 3.3 It is further understood that the Executive is eligible to participate in writing by the EmployerStock Option Plan and the Corporation hereby grants her the following options to subscribe to Non-Voting Common Shares pursuant to the Stock Option Plan, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required of the Company or you will be whole in accordance with current CPF legislationthe following terms and conditions:
3.3.1 upon the execution of this Agreement by both parties, options to subscribe to 10,000 Non-Voting Common Shares are granted and will immediately vest;
3.3.2 for the Fiscal Year ending on October 31, 2002, options to subscribe to an additional 10,000 Non-Voting Common Shares will be granted within thirty (30) days thereafter and will immediately vest;
3.3.3 for each of the Fiscal Years ending on October 31, 2003, 2004 and 2005, options to subscribe to an additional 5,000 Non-Voting Common Shares will be granted within thirty (30) days of the end of each such Fiscal Year, and will immediately vest;
3.3.4 in the event the milestones referred to in PARAGRAPH 3.2.2 are fulfilled, additional options representing a further 5,000 Non-Voting Common Shares for each of the Fiscal Years ending on October 31, 2003, 2004 and 2005 shall be granted within thirty (30) days of the end of each such Fiscal Year, and immediately vest;
3.3.5 for greater certainty, it is acknowledged that the granting of the options referred to in PARAGRAPHS 3.3.2, 3.3.3 and 3.
3.8. The Employee authorizes 3.4 is further conditional upon the Employer at any time during Executive remaining employed with the Employee’s employment and/or on its termination Corporation until October 31st of the year for which the grant is made (and in the event the Executive ceases to deduct any sums owed by be an employee of the Employee Corporation prior to such date, the Employer at any time from right to exercise the Employee’s salary and/or from any other sums due to the Employee under this contract, including, but not limited to, any payment in lieu applicable set of notice options as well as all further options shall lapse and damages for breach of contract (“Authorized Deductions”).
3.9. The Employee’s remuneration shall be reviewed annually by the Employer. The Company is under no obligation to award an increase following a salary review.
3.10. A 13th month bonus shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.11. An annual bonus of no less than 1% effect) provided, however, that in the event the Executive is terminated as a direct consequence of revenue shall be payable a Change of Control, the parties agree that the aggregate of the options referred to Employee upon serving 12 months starting from the Commencement Datein PARAGRAPHS 3.3.2, 3.3.3 and 3.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: $ 50 Rental of whole flat: $ 50 Rental documentation: $ 25
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