Salary Bonuses. For all services to be rendered by the Executive under this Agreement, the Company agrees to pay, or cause to be paid, to the Executive during the term of his employment under this Agreement a base salary in an amount equal to the base salary the Executive was receiving immediately prior to the effective date of this Agreement. In addition, the Executive shall be entitled to receive a bonus in an amount per fiscal year not less than the amount established according to the Company's bonus programs and practices that are in effect immediately prior to the effective date of this Agreement.
Salary Bonuses. The District shall give a lump-sum bonus to all certified Employees and ESPs in the following manner.
Salary Bonuses. For the full and faithful performance of the Duties, Company shall cause Employer to pay Employee a salary (“Salary”) of One Hundred Thousand Dollars and No Cents ($100,000.00) per annum, payable on a weekly basis, together with other compensation (“Other Compensation”) of Fifty Thousand Dollars ($50,000) which shall include Employee’s health/life insurance coverage, automobile and costs and expenses associated therewith, country club membership fees and dues and other costs and expenses of Employee. To the extent that the Other Compensation is less than Fifty Thousand Dollars ($50,000) Company shall cause the Employer to pay the difference to the Employee as a year end bonus (“Year End Bonus”) payable on or before December 31. In addition to the Salary, Employee shall be paid a cash bonus for the fiscal year 2006 and each fiscal year thereafter (the “Performance Bonus”). The Performance Bonus shall be 1% of the gross sales of Employer that exceed the Employer’s gross sales for the fiscal year 2005 or of $4.5 million, whichever is greater, and Company shall cause Employer to pay the Performance Bonus to the Employee within 30 days after the end of each fiscal year of the Employer. All sales of Company’s products are to be excluded from the calculation of the Performance Bonus.
Salary Bonuses. You will be paid an annual base salary of $100,000 (payable in accordance with XIPTEL's usual payroll practices), which covers all hours worked. Generally, your salary will be reviewed annually, but XIPTEL reserves the right to change your compensation from time to time on reasonable notice; however, for the first year of employment no change will be made without mutual consent and approval. You will be eligible to be paid an incentive bonus of $75,000 for targeted revenue and gross margin performance, which will be paid at the end of each calendar quarter for the first year of employment. The revenue target, gross margin goals, and performance basis for bonus payments and bonus accelerators is defined in Attachment ___ of this Agreement. Bonus payments will only be earned and paid while employed by XIPTEL, and will not be paid or owed after the date you separate from the company for any reason, subject to item #7 below.
Salary Bonuses. As compensation for services rendered under this Agreement, Executive shall receive a monthly salary of eleven thousand dollars ($11,000). Executive shall be entitled to any other bonus, presence chips etc. that FGS will attribute to Board members, Officers, etc. Company will adjust salary each year for inflation and cost of living.
Salary Bonuses. Xxxxxx and the Company agree that (i) any and all applicable federal, state and local tax withholding obligations, and the employee's share of any FICA tax obligations with respect to the payment of the Salary Bonuses (the "Withholding Taxes") shall be withheld by the Company from the Salary Bonuses and remitted to the proper taxing authorities, and (ii) any remaining amounts of the Salary Bonuses owing to Xxxxxx after satisfaction of such Withholding Taxes shall be retained by the Company in partial satisfaction of the Loans.
Salary Bonuses. You will be paid an annual base salary of $150,000 (payable in accordance with XIPTEL's usual payroll practices), which covers all hours worked. Generally, your salary will be reviewed annually, but XIPTEL reserves the right to change your compensation from time to time on reasonable notice; however, for the first year of employment no change will be made without mutual consent and approval. You will be paid a bonus of $100,000, which will be paid at a rate of $25,000 at the end of each calendar quarter for the first year of employment. The bonus payments will be guaranteed. The performance basis for bonus payments will be mutually agreed upon and be established within four (4) weeks following the effective date of employment. Bonus payments will only be earned and paid while employed by XIPTEL, and will not be paid or owed after the date you separate from the company for any reason, subject to item #6 below.
Salary Bonuses. During the term of this Agreement, the Employee's salary shall be Eighty Thousand ($80,000) Dollars per year, which shall be payable in equal monthly installments (or at such other intervals as the parties may mutually agree). Employee's salary may be increased, from time to time, at the election of the Board, or any committee of the Board to which such power has been delegated by the Board. Employee shall be entitled to annual salary reviews in February of each year of this Agreement. Employee shall also be eligible for bonuses or other additional cash compensation in such other amounts and at such times as shall be determined before the end of each fiscal year by the Executive Compensation Committee of the Board of Directors.
Salary Bonuses. (a) As compensation for the Employee's services to be rendered to the Employer and in consideration for the covenants and agreements of the Employee contained herein, the Employer shall pay to the Employee an annual Base Salary of $180,000.
Salary Bonuses. As compensation for services rendered under this Agreement Employee shall receive an annual salary of Sixty Thousand dollars ($60,000). Salary will be review by the CEO each quarter but with no obligation of raise. But company will adjust salary each year for inflation and cost of living.
