Type of Compensation. Hourly Wage Weekly Salary Yearly Salary Commission Yearly Salary Plus Commission According to Employer's Policy
Type of Compensation. Benefit Stock Options -------------------------------------------------------------------------- Normal Expiration Date of Options not vested within one year after end Agreement or Renewal Period of Employment Period lapse/are cancelled; options vested as of such date must be exercised within three years, unless employ- ment continued to May 16, 2001, in which event vested options exercisable for balance of 10-year term; vested but unexercised options remain subject to non- compete and non-disclosure provisions prior to exercise date. By Executive for Options not vested within one year after end "Good Reason" of Employment Period lapse/are cancelled; options scheduled to vest on or prior to that time will vest as scheduled and must be exercised within three years from that date; vested but unexercised options remain subject to non-compete and non-disclosure provisions prior to exercise date. By Employer for "Cause" Unexercised options as of termination date lapse (whether or not vested). Death or Disability (as Vested but unexercised options as of date of defined in Agreement) death/disability remain exercisable for three years from date of death or disability; options not vested are cancelled.
Type of Compensation. Other Employee Benefits Benefit (including Health Insurance) --------------------------------------------------------------------------- Normal Expiration Date of Continue through end of Employment Period, Agreement or Renewal Period subject to legal and contractual rights in plans to convert or extend coverages. By Executive for Continue through end of Employment Period, "Good Reason" subject to legal and contractual rights in plans to convert or extend coverages. By Employer for "Cause" Continue through date of early termination, subject to legal and contractual rights in plans to convert or extend coverages. Death or Disability (as Continue through end of month in which death defined in Agreement) or disability occurs, subject to legal and contractual rights to convert or extend coverages. March 25, 1995 Haxxx X. Xxxxxxxxxxx Xresident & Chief Executive Officer McXxxxxxx Xxxxxxx Xorporation P.X. Xxx 000 Xx. Xxxxx, Xxxxxxxx 00000 Dear Haxxx: Pursuant to Section 3(b)(i) of the Employment Agreement entered into as of September 24, 1995 by and between you and McXxxxxxx Xxxxxxx Xorporation (the "Company"), you have received 180,000 shares of restricted shares of MDC stock, 42,000 of which will vest on March 31 of 1995, 1996 and 1997, and 54,000 of which will vest on March 31, 2002 (collectively the Service Based Restricted Shares). Effective immediately, the Service Based Restricted Shares will be converted to an equal number of MDC stock equivalents which will vest or be forfeited on the same terms as provided in the Employment Agreement, including Exhibit A thereto, for the Service Based Restricted Shares. This letter sets forth the terms of the conversion and other necessary modifications of the Employment Agreement. Unless specifically defined in this letter, capitalized terms in this letter shall have the same meaning ascribed to such terms in the Employment Agreement. Dividend equivalent payments on stock equivalents will be reinvested on MDC dividend payment dates into additional stock equivalents based on the closing price of MDC common stock on such dividend payment date. The stock equivalents will not have voting rights. The stock equivalents will be paid in cash only on the later of (i) vesting or (ii) your death, Disability or termination of employment, subject to the termination provisions of the Employment Agreement (such later date referred to hereinafter as the "Payment Date" and the Payment Date may not be the same for all stock equivalents)....
Type of Compensation. Please describe (i) amounts and/or percentages and (ii) cadence (i.e., per month, per Split, etc.) Guaranteed or not guaranteed? Base Compensation ◻ None ◻ Y / ◻ N Sponsorship Money: ◻ None ◻ Y / ◻ N Streaming Revenue ◻ None ◻ Y / ◻ N Prize Money ◻ None ◻ Y / ◻ N Other: ◻ None ◻ Y / ◻ N If any of the compensation above is listed as NOT guaranteed, please explain under what circumstances such compensation is paid out: Agent Information Is the Team Member represented by an agent? ◻ Y / ◻ N If the answer is “No”, leave the rest of this table blank Name of the agent Agent’s compensation (will be kept confidential by the League) Law applicable to the agency agreement Is the agent contractually bound to comply with the applicable law? ◻ Y / ◻ N Any other significant contract terms (optional): Instructions: Please sign the form in the space provided below to acknowledge the foregoing and send a PDF of it by email to Xxxxx Xxxxx ( xxxxxx@xxxxxxxxx.xxx ) and Xxxx Xxxxxxxxx (xxxxxxxxxx@xxxxxxxxx.xxx). The team owner must submit the Summary Sheet to the League for acceptance before the Team Member can participate in tournament events. The undersigned Team Member and Team Manager each represents and warrants to the League that they have read this Summary Sheet and that it accurately reflects the terms and conditions of their binding Team Member services agreement.
Type of Compensation
