Common use of Salary and Bonus Clause in Contracts

Salary and Bonus. Executive's present base salary is $225,000 ---------------- per year and Executive's target bonus is deemed to be $90,000 per year. After the date of this Agreement, Executive's annual base salary and target bonus may be increased or decreased as determined by the chief executive officer of Sensormatic and approved by Sensormatic's Board of Directors or any compensation committee thereof, except as otherwise provided by the Officer Agreement, provided, however, that none of the following shall be effective during the pendency of an Attempted Change in Control or in the event of a Change in Control or at any time within 36 months after a Change in Control has occurred: (i) any decrease in Executive's annual base salary or target bonus from the amounts set forth above (or any greater amounts subsequently so determined and approved), or (ii) any change in the formula then in effect for calculation of Executive's bonus that could be reasonably anticipated to result in a decrease in the amount payable thereunder.

Appears in 1 contract

Samples: Agreement (Sensormatic Electronics Corp)

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Salary and Bonus. Executive's present base salary is $225,000 235,000 ---------------- per year and Executive's target bonus is deemed to be $90,000 94,000 per year. After the date of this Agreement, Executive's annual base salary and target bonus may be increased or decreased as determined by the chief executive officer of Sensormatic and approved by Sensormatic's Board of Directors or any compensation committee thereof, except as otherwise provided by the Officer Agreement, provided, however, that none of the following shall be effective during the pendency of an Attempted Change in Control or in the event of a Change in Control or at any time within 36 months after a Change in Control has occurred: (i) any decrease in Executive's annual base salary or target bonus from the amounts set forth above (or any greater amounts subsequently so determined and approved), or (ii) any change in the formula then in effect for calculation of Executive's bonus that could be reasonably anticipated to result in a decrease in the amount payable thereunder.

Appears in 1 contract

Samples: Agreement (Sensormatic Electronics Corp)

Salary and Bonus. Executive's present base salary is $225,000 215,000 ---------------- per year and Executive's target bonus is deemed to be $90,000 86,000 per year. After the date of this Agreement, Executive's annual base salary and target bonus may be increased or decreased as determined by the chief executive officer of Sensormatic and approved by Sensormatic's Board of Directors or any compensation committee thereof, except as otherwise provided by the Officer Agreement, provided, however, that none of the following shall be effective during the pendency of an Attempted Change in Control or in the event of a Change in Control or at any time within 36 months after a Change in Control has occurred: (i) any decrease in Executive's annual base salary or target bonus from the amounts set forth above (or any greater amounts subsequently so determined and approved), or (ii) any change in the formula then in effect for calculation of Executive's bonus that could be reasonably anticipated to result in a decrease in the amount payable thereunder.

Appears in 1 contract

Samples: Control) Agreement (Sensormatic Electronics Corp)

Salary and Bonus. Executive's present base salary is $225,000 180,001 ---------------- per year and Executive's target bonus is deemed to be $90,000 45,000 per year. After the date of this Agreement, Executive's annual base salary and target bonus may be increased or decreased as determined by the chief executive officer of Sensormatic and approved by Sensormatic's Board of Directors or any compensation committee thereof, except as otherwise provided by the Officer Agreement, provided, however, that none of the following shall be effective during the pendency of an Attempted Change in Control or in the event of a Change in Control or at any time within 36 months after a Change in Control has occurred: (i) any decrease in Executive's annual base salary or target bonus from the amounts set forth above (or any greater amounts subsequently so determined and approved), or (ii) any change in the formula then in effect for calculation of Executive's bonus that could be reasonably anticipated to result in a decrease in the amount payable thereunder.

Appears in 1 contract

Samples: Agreement (Sensormatic Electronics Corp)

Salary and Bonus. Executive's present base salary is $225,000 165,000 per ---------------- per year and Executive's target bonus is deemed to be $90,000 57,750 per year. After the date of this Agreement, Executive's annual base salary and target bonus may be increased or decreased as determined by the chief executive officer of Sensormatic and approved by Sensormatic's Board of Directors or any compensation committee thereof, except as otherwise provided by the Officer Agreement, provided, however, that none of the following shall be effective during the pendency of an Attempted Change in Control or in the event of a Change in Control or at any time within 36 months after a Change in Control has occurred: (i) any decrease in Executive's annual base salary or target bonus from the amounts set forth above (or any greater amounts subsequently so determined and approved), or (ii) any change in the formula then in effect for calculation of Executive's bonus that could be reasonably anticipated to result in a decrease in the amount payable thereunder.

Appears in 1 contract

Samples: Agreement (Sensormatic Electronics Corp)

Salary and Bonus. Executive's present base salary is $225,000 200,000 per ---------------- per year and Executive's target bonus is deemed to be $90,000 100,000 per year. After the date of this Agreement, Executive's annual base salary and target bonus may be increased or decreased as determined by the chief executive officer of Sensormatic and approved by Sensormatic's Board of Directors or any compensation committee thereof, except as otherwise provided by the Officer Agreement, provided, however, that none of the following shall be effective during the pendency of an Attempted Change in Control or in the event of a Change in Control or at any time within 36 months after a Change in Control has occurred: (i) any decrease in Executive's annual base salary or target bonus from the amounts set forth above (or any greater amounts subsequently so determined and approved), or (ii) any change in the formula then in effect for calculation of Executive's bonus that could be reasonably anticipated to result in a decrease in the amount payable thereunder.

Appears in 1 contract

Samples: Agreement (Sensormatic Electronics Corp)

Salary and Bonus. Executive's present base salary is $225,000 ---------------- 200,000 per year and Executive's target bonus is deemed to be $90,000 100,000 per year. After the date of this Agreement, Executive's annual base salary and target bonus may be increased or decreased as determined by the chief executive officer of Sensormatic and approved by Sensormatic's Board of Directors or any compensation committee thereof, except as otherwise provided by the Officer Agreement, provided, however, that none of the following shall be effective during the pendency of an Attempted Change in Control or in the event of a Change in Control or at any time within 36 months after a Change in Control has occurred: (i) any decrease in Executive's annual base salary or target bonus from the amounts set forth above (or any greater amounts subsequently so determined and approved), or (ii) any change in the formula then in effect for calculation of Executive's bonus that could be reasonably anticipated to result in a decrease in the amount payable thereunder.

Appears in 1 contract

Samples: Agreement (Sensormatic Electronics Corp)

Salary and Bonus. Executive's present base salary is $225,000 215,000 ---------------- per year and Executive's target bonus is deemed to be $90,000 85,000 per year. After the date of this Agreement, Executive's annual base salary and target bonus may be increased or decreased as determined by the chief executive officer of Sensormatic and approved by Sensormatic's Board of Directors or any compensation committee thereof, except as otherwise provided by the Officer Agreement, provided, however, that none of the following shall be effective during the pendency of an Attempted Change in Control or in the event of a Change in Control or at any time within 36 months after a Change in Control has occurred: (i) any decrease in Executive's annual base salary or target bonus from the amounts set forth above (or any greater amounts subsequently so determined and approved), or (ii) any change in the formula then in effect for calculation of Executive's bonus that could be reasonably anticipated to result in a decrease in the amount payable thereunder.

Appears in 1 contract

Samples: Agreement (Sensormatic Electronics Corp)

Salary and Bonus. Executive's present base salary is $225,000 275,000 ---------------- per year and Executive's target bonus is deemed to be $90,000 165,000 per year. After the date of this Agreement, Executive's annual base salary and target bonus may be increased or decreased as determined by the chief executive officer of Sensormatic and approved by Sensormatic's Board of Directors or any compensation committee thereof, except as otherwise provided by the Officer Agreement, provided, however, that none of the following shall be effective during the pendency of an Attempted Change in Control or in the event of a Change in Control or at any time within 36 months after a Change in Control has occurred: (i) any decrease in Executive's annual base salary or target bonus from the amounts set forth above (or any greater amounts subsequently so determined and approved), or (ii) any change in the formula then in effect for calculation of Executive's bonus that could be reasonably anticipated to result in a decrease in the amount payable thereunder.

Appears in 1 contract

Samples: Agreement (Sensormatic Electronics Corp)

Salary and Bonus. Executive's present base salary is $225,000 per ---------------- per year and Executive's target bonus is deemed to be $90,000 per year. After the date of this Agreement, Executive's annual base salary and target bonus may be increased or decreased as determined by the chief executive officer of Sensormatic and approved by Sensormatic's Board of Directors or any compensation committee thereof, except as otherwise provided by the Officer Agreement, provided, however, that none of the following shall be effective during the pendency of an Attempted Change in Control or in the event of a Change in Control or at any time within 36 months after a Change in Control has occurred: (i) any decrease in Executive's annual base salary or target bonus from the amounts set forth above (or any greater amounts subsequently so determined and approved), or (ii) any change in the formula then in effect for calculation of Executive's bonus that could be reasonably anticipated to result in a decrease in the amount payable thereunder.

Appears in 1 contract

Samples: Agreement (Sensormatic Electronics Corp)

Salary and Bonus. Executive's present base salary is $225,000 185,000 ---------------- per year and Executive's target bonus is deemed to be $90,000 55,000 per year. After the date of this Agreement, Executive's annual base salary and target bonus may be increased or decreased as determined by the chief executive officer of Sensormatic and approved by Sensormatic's Board of Directors or any compensation committee thereof, except as otherwise provided by the Officer Agreement, provided, however, that none of the following shall be effective during the pendency of an Attempted Change in Control or in the event of a Change in Control or at any time within 36 months after a Change in Control has occurred: (i) any decrease in Executive's annual base salary or target bonus from the amounts set forth above (or any greater amounts subsequently so determined and approved), or (ii) any change in the formula then in effect for calculation of Executive's bonus that could be reasonably anticipated to result in a decrease in the amount payable thereunder.

Appears in 1 contract

Samples: Agreement (Sensormatic Electronics Corp)

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Salary and Bonus. Executive's present base salary is $225,000 ---------------- 215,000 per year and Executive's target bonus is deemed to be $90,000 85,000 per year. After the date of this Agreement, Executive's annual base salary and target bonus may be increased or decreased as determined by the chief executive officer of Sensormatic and approved by Sensormatic's Board of Directors or any compensation committee thereof, except as otherwise provided by the Officer Agreement, provided, however, that none of the following shall be effective during the pendency of an Attempted Change in Control or in the event of a Change in Control or at any time within 36 months after a Change in Control has occurred: (i) any decrease in Executive's annual base salary or target bonus from the amounts set forth above (or any greater amounts subsequently so determined and approved), or (ii) any change in the formula then in effect for calculation of Executive's bonus that could be reasonably anticipated to result in a decrease in the amount payable thereunder.

Appears in 1 contract

Samples: Agreement (Sensormatic Electronics Corp)

Salary and Bonus. Executive's present base salary is $225,000 ---------------- 225,002 per year and Executive's target bonus is deemed to be $90,000 115,000 per year. After the date of this Agreement, Executive's annual base salary and target bonus may be increased or decreased as determined by the chief executive officer of Sensormatic and approved by Sensormatic's Board of Directors or any compensation committee thereof, except as otherwise provided by the Officer Agreement, provided, however, that none of the following shall be effective during the pendency of an Attempted Change in Control or in the event of a Change in Control or at any time within 36 months after a Change in Control has occurred: (i) any decrease in Executive's annual base salary or target bonus from the amounts set forth above (or any greater amounts subsequently so determined and approved), or (ii) any change in the formula then in effect for calculation of Executive's bonus that could be reasonably anticipated to result in a decrease in the amount payable thereunder.

Appears in 1 contract

Samples: Agreement (Sensormatic Electronics Corp)

Salary and Bonus. Executive's present base salary is $225,000 ---------------- 224,251 per year and Executive's target bonus is deemed to be $90,000 130,000 per year. After the date of this Agreement, Executive's annual base salary and target bonus may be increased or decreased as determined by the chief executive officer of Sensormatic and approved by Sensormatic's Board of Directors or any compensation committee thereof, except as otherwise provided by the Officer Agreement, provided, however, that none of the following shall be effective during the pendency of an Attempted Change in Control or in the event of a Change in Control or at any time within 36 months after a Change in Control has occurred: (i) any decrease in Executive's annual base salary or target bonus from the amounts set forth above (or any greater amounts subsequently so determined and approved), or (ii) any change in the formula then in effect for calculation of Executive's bonus that could be reasonably anticipated to result in a decrease in the amount payable thereunder.

Appears in 1 contract

Samples: Agreement (Sensormatic Electronics Corp)

Salary and Bonus. Executive's present base salary is $225,000 275,000 ---------------- per year and Executive's target bonus is deemed to be $90,000 137,500 per year. After the date of this Agreement, Executive's annual base salary and target bonus may be increased or decreased as determined by the chief executive officer of Sensormatic and approved by Sensormatic's Board of Directors or any compensation committee thereof, except as otherwise provided by the Officer Agreement, provided, however, that none of the following shall be effective during the pendency of an Attempted Change in Control or in the event of a Change in Control or at any time within 36 months after a Change in Control has occurred: (i) any decrease in Executive's annual base salary or target bonus from the amounts set forth above (or any greater amounts subsequently so determined and approved), or (ii) any change in the formula then in effect for calculation of Executive's bonus that could be reasonably anticipated to result in a decrease in the amount payable thereunder.

Appears in 1 contract

Samples: Agreement (Sensormatic Electronics Corp)

Salary and Bonus. Executive's present base salary is $225,000 180,000 ---------------- per year and Executive's target bonus is deemed to be $90,000 63,000 per year. After the date of this Agreement, Executive's annual base salary and target bonus may be increased or decreased as determined by the chief executive officer of Sensormatic and approved by Sensormatic's Board of Directors or any compensation committee thereof, except as otherwise provided by the Officer Agreement, provided, however, that none of the following shall be effective during the pendency of an Attempted Change in Control or in the event of a Change in Control or at any time within 36 months after a Change in Control has occurred: (i) any decrease in Executive's annual base salary or target bonus from the amounts set forth above (or any greater amounts subsequently so determined and approved), or (ii) any change in the formula then in effect for calculation of Executive's bonus that could be reasonably anticipated to result in a decrease in the amount payable thereunder.

Appears in 1 contract

Samples: Agreement (Sensormatic Electronics Corp)

Salary and Bonus. Executive's present base salary is $225,000 350,000 ---------------- per year and Executive's target bonus is deemed to be $90,000 210,000 per year. After the date of this Agreement, Executive's annual base salary and target bonus may be increased or decreased as determined by the chief executive officer of Sensormatic and approved by Sensormatic's Board of Directors or any compensation committee thereof, except as otherwise provided by the Officer Agreement, provided, however, that none of the following shall be effective during the pendency of an Attempted Change in Control or in the event of a Change in Control or at any time within 36 months after a Change in Control has occurred: (i) any decrease in Executive's annual base salary or target bonus from the amounts set forth above (or any greater amounts subsequently so determined and approved), or (ii) any change in the formula then in effect for calculation of Executive's bonus that could be reasonably anticipated to result in a decrease in the amount payable thereunder.

Appears in 1 contract

Samples: Change of Control Agreement (Sensormatic Electronics Corp)

Salary and Bonus. Executive's present base salary is $225,000 ---------------- 218,005 per year and Executive's target bonus is deemed to be $90,000 98,000 per year. After the date of this Agreement, Executive's annual base salary and target bonus may be increased or decreased as determined by the chief executive officer of Sensormatic and approved by Sensormatic's Board of Directors or any compensation committee thereof, except as otherwise provided by the Officer Agreement, provided, however, that none of the following shall be effective during the pendency of an Attempted Change in Control or in the event of a Change in Control or at any time within 36 months after a Change in Control has occurred: (i) any decrease in Executive's annual base salary or target bonus from the amounts set forth above (or any greater amounts subsequently so determined and approved), or (ii) any change in the formula then in effect for calculation of Executive's bonus that could be reasonably anticipated to result in a decrease in the amount payable thereunder.

Appears in 1 contract

Samples: Agreement (Sensormatic Electronics Corp)

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