Zone Compensation Sample Clauses

Zone Compensation. The Company shall pay to the City annual “Zone Compensation” equal to $100,000, subject to the CPI Adjustment as defined below. Zone Compensation shall accrue commencing on the Effective Date, provided however that the Company shall be entitled to a credit against the payment of Zone Compensation due and payable on the first anniversary of the Effective Date. The amount of such credit shall be equal to a fraction of the Zone Compensation accruing during the year that runs from and includes the Effective Date until but not including the day prior to the first anniversary of the Effective Date. The numerator of such fraction shall be the number of days in the “Credit Period” and the denominator shall be 365. The “Credit Period” as used in the previous sentence shall mean the period from and including the Effective Date until but not including the day on which the Company posts its first Reservation Notice pursuant to the first New Reservation Phase called by the City under this Agreement. Compensation payable pursuant to this Section I. will be in addition to and not in lieu of any fees payable as described in Section II. of this Appendix D and all other compensation payable and other obligations due under this Agreement.
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Zone Compensation. The salary ranges for the HX unit shall be a zone-based structure. A zone is a subdivision of the range establishing a minimum salary rate that corresponds to years of continuous UC experience in the current HX bargaining unit classification at the campus/Medical Center or continuous experience in the HX bargaining unit. When a salary range is adjusted, then the zone shall also be adjusted correspondingly.
Sample 1

Related to Zone Compensation

  • 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.

  • 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.

  • Extra Compensation 1. CTSO Advisors will be paid twenty-five ($25) per hour (capped at eight (8) hours per day) for non-discretionary CTSO activities (e.g., conferences, conventions, and competitions) involving students on days not scheduled as part of the regular school year calendar.

  • SALARY AND COMPENSATION ARTICLE 56

  • 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.

  • Employees' Compensation The Consultant shall be solely responsible for the following:

  • Executive Compensation Until such time as the Investor ceases to own any debt or equity securities of the Company acquired pursuant to this Agreement or the Warrant, the Company shall take all necessary action to ensure that its Benefit Plans with respect to its Senior Executive Officers comply in all respects with Section 111(b) of the EESA as implemented by any guidance or regulation thereunder that has been issued and is in effect as of the Closing Date, and shall not adopt any new Benefit Plan with respect to its Senior Executive Officers that does not comply therewith. “Senior Executive Officers” means the Company's "senior executive officers" as defined in subsection 111(b)(3) of the EESA and regulations issued thereunder, including the rules set forth in 31 C.F.R. Part 30.

  • 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.

  • ' COMPENSATION BENEFITS In accordance with Section 142 of the State Finance Law, this contract shall be void and of no force and effect unless the Contractor shall provide and maintain coverage during the life of this contract for the benefit of such employees as are required to be covered by the provisions of the Workers' Compensation Law.

  • Travel Compensation The Contractor shall not be compensated or reimbursed for travel time, travel expenses, meals, or lodging.

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