Common use of Salary and Bonuses Clause in Contracts

Salary and Bonuses. The Company shall pay to Executive in his role as the CEO of the Company an initial base salary (the “Base Salary”) of Hong Kong Dollar Ten Thousand Dollars (HK$10,000) per month, to be paid in accordance with Company's standard payroll schedule. The Company shall withhold and deduct from all compensation payments made to Executive all payroll taxes and all other amounts required by federal, state or local laws, and any other deductions, which may be authorized by Executive. The Executive may also be eligible for bonus payments as the Board may determine in its sole discretion.

Appears in 2 contracts

Samples: Employment Agreement (Cosmos Group Holdings Inc.), Employment Agreement (Cosmos Group Holdings Inc.)

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Salary and Bonuses. The Company shall pay to Executive in his role as the CEO of the Company an initial base salary (the “Base Salary”) of Hong Kong Dollar Ten Thousand Dollars One Dollar (HK$10,000HK$1) per month, to be paid in accordance with Company's standard payroll schedule. The Company shall withhold and deduct from all compensation payments made to Executive all payroll taxes and all other amounts required by federal, state or local laws, and any other deductions, which may be authorized by Executive. The Executive may also be eligible for bonus payments as the Board may determine in its sole discretion.

Appears in 2 contracts

Samples: Employment Agreement (Cosmos Group Holdings Inc.), Employment Agreement (Cosmos Group Holdings Inc.)

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