SECTION THREE COMPENSATION Sample Clauses

SECTION THREE COMPENSATION. The first sentence of Section Three of the Agreement is deleted and amended to read in its entirety as follows: "The Corporation shall pay Employee, and Employee shall accept from the Corporation, compensation at the rate of $140,400.00 per year, prorated and payable monthly or on such other basis as the Corporation and Employee may hereafter agree in writing."
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SECTION THREE COMPENSATION. The last two sentences of Section Three of the Agreement are deleted and amended to read in their entirety its entirety as follows: "Employee shall be entitled to vacation periods that are commensurate with the policies of the Corporation that are applicable to exempt employees; provided, however, that Employee shall be entitle to a minimum paid vacation of F o u r ( 4 ) weeks in each calendar year during which Employee is employed by the Corporation. If Employee fails to use all of his or her vacation days in a calendar year, such unused vacation days shall automatically deemed to have been forfeited by Employee, and the Corporation shall have no obligation to pay or otherwise compensate Employee for the same." AMENDMENT TO EMPLOYMENT AGREEMENT- 1
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SECTION THREE COMPENSATION. The Commission shall compensate Consultant according to its hourly rate schedule, attached hereto as “Exhibit A,” for actual time devoted to performing the above- enumerated services. The average hourly fee per each unique assignment from the GPUC will not exceed $225 per hour but individual rates are as provided in “Exhibit A”. Prior to the commencement of each one-year contract term, the parties will discuss a possible increase in rates and negotiate in good faith. Consultant’s monthly xxxxxxxx shall not exceed the sum of $20,000.00 per month without prior approval or subsequent ratification by the Certifying Officer of the Commission. Consultant shall invoice the Commission for payments on a monthly basis and shall be required to provide a record of hours worked and the description of work. The Commission’s obligation for payment of consultant’s fees and costs shall be subject to the availability of funds for such payment. The Commission and the Chief ALJ, on behalf of the Commission, will closely monitor the performance of work by the Consultant; the Commission has determined that it would not be practical to use any other type of contract to obtain the needed services. Consultant agrees that he shall not receive any of the benefits given full-time non- contractual employees of the Government of Guam.
Sample 1
SECTION THREE COMPENSATION. The Commission shall compensate the ALJ according to its hourly rate schedule, attached hereto as “Exhibit A,” for actual time devoted to performing the above- enumerated services. The ALJ’s monthly xxxxxxxx shall not exceed the sum of $20,000.00 per month without prior approval or subsequent ratification by the Certifying Officer of the Commission. The ALJ shall invoice the Commission for payments on a monthly basis and shall be required to provide a record of hours worked and the description of work. The Commission’s obligation for payment of the ALJ’s fees and costs shall be subject to the availability of funds for such payment. The Commission and the Chief ALJ, on behalf of the Commission, will closely monitor the performance of work by the ALJ; the Commission has determined that it would not be practical to use any other type of contract to obtain the needed services. The ALJ agrees that he shall not receive any of the benefits given full-time non-contractual employees of the Government of Guam.
Sample 1
SECTION THREE COMPENSATION. 1. In return for services and performance of duties, COUNTY agrees to pay FIRM $4,800.00 Monthly, payable in equal, monthly installments.
Sample 1
SECTION THREE COMPENSATION. The Commission shall compensate Consultant according to its hourly rate schedule, attached hereto as “Exhibit A,” for actual time devoted to performing the above- enumerated services. Consultant’s monthly xxxxxxxx shall not exceed the sum of $20,000.00 per month without prior approval or subsequent ratification by the Certifying Officer of the Commission. Consultant shall invoice the Commission for payments on a monthly basis and shall be required to provide a record of hours worked and the description of work. The Commission’s obligation for payment of consultant’s fees and costs shall be subject to the availability of funds for such payment. The Commission and the Chief ALJ, on behalf of the Commission, will closely monitor the performance of work by the Consultant; the Commission has determined that it would not be practical to use any other type of contract to obtain the needed services. Consultant agrees that he shall not receive any of the benefits given full-time non- contractual employees of the Government of Guam.
Sample 1
SECTION THREE COMPENSATION. 1. In return for the services provided by the COUNTY, CLIENT agrees to pay COUNTY $3.50 per ton of contaminated soil transported to the property for remediation, with a minimum project tonnage requirement of 600 tons.
Sample 1
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SECTION THREE COMPENSATION. The Corporation shall pay Employee, and the Employee shall accept from the Corporation, compensation at the minimum combined rate of U.S. $82,500 per year prorated and payable monthly or on such other basis as the parties may hereafter agree. Such minimum compensation may be adjusted for merit or other raises as from time to time may be determined by the Committee of the Board thereof having such authority. Employee shall be entitled to vacation periods in line with the policies of the Corporation applicable to exempt employees, provided, however, that the Employee shall be entitled to a minimum paid vacation of four (4) weeks in any calendar year. If the Employee fails to use all vacation days in any calendar year, Employee shall be permitted to carry over those vacation days into the next two calendar years.
Sample 1
SECTION THREE COMPENSATION. 1. In return for his services and performance of duties per statutory appointment as Xxxxxx County District Coroner, COUNTY agrees to pay PHYSICIAN $24,000.00 annually, payable in equal, bi-weekly installments.
Sample 1

Related to SECTION THREE COMPENSATION

  • Base Compensation a. The Company and the Bank agree to pay Executive during the term of this Agreement a base salary at the rate of $ per year, payable in accordance with customary payroll practices.

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

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

  • Annual Compensation The Executive’s “Annual Compensation” for purposes of determining severance payable under this Agreement shall be deemed to mean the sum of (i) the annual rate of Base Salary as of the Date of Termination, and (ii) the cash bonus, if any, earned by the Executive for the calendar year immediately preceding the year in which the Date of Termination occurs.

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

  • Salary Compensation As salary compensation for Employee's services hereunder and all the rights granted hereunder by Employee to the Company, the Company shall pay Employee a gross salary of not less than $175,000 during the term of this Agreement. Employee's salary shall be payable in bi-weekly increments in accordance with the Company's payroll practices for salaried employees, upon the condition that Employee fully and faithfully performs Employee's services hereunder in accordance with the terms and conditions of this Agreement. The Company shall deduct and withhold from the compensation payable to Employee hereunder any and all amounts required to be deducted or withheld by the Company under the provisions of any statute, regulation, ordinance, or order and any and all amendments hereinafter enacted requiring the withholding or deducting from compensation payable to employees.

  • Cash Compensation The Company shall pay to the Executive compensation for his services during the Contract Period as follows:

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

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

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