Executive Pay definition

Executive Pay. All salary, bonuses, and other value directly or indirectly provided by or on behalf of the Borrower to or for the benefit of any Executive Officer or any Affiliate, spouse, parent, or child of any Executive Officer.
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Executive Pay. All salary, bonuses, and other value directly or indirectly provided by or on behalf of the Borrowers to or for the benefit of any Executive Officer of any Affiliate, spouse, parent, or child of any Executive Officer.
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Examples of Executive Pay in a sentence

  • There are no unwritten agreements or understandings between the Borrower and any Executive Officer which relate to Executive Pay, written disclosure of which has not been made to the Lender.

  • The Consolidated Appropriations Act, 2022, § 202, (P.L 117-103), enacted March 15, 2022, restricts the amount of direct salary that may be paid to an individual under a HRSA grant or cooperative agreement to a rate no greater than Executive Level II of the Federal Executive Pay Scale.

  • Department Director is not a member of the competitive/classified service and is an at-will employee serving at the pleasure of the City Manager and may be dismissed at any time with or without cause, subject only to the provisions of this Agreement and specific policies pertaining to the Senior Executive Pay for Performance Program.

  • To the extent provisions in this Agreement differ from provisions in the Executive Pay Plan, the provisions of this Agreement shall control.

  • Each participant in the Executive Pay Plan, at his or her sole discretion, may defer and have deposited into the City's plan a portion of his or her compensation up to the maximum amount permitted by law.

  • At the City Manager's discretion, a new participant in the Executive Pay Plan, based on the terms and conditions of the participant's previous employment, may be granted a lump sum number of sick leave days upon his or her employment with the City of Santa ▇▇▇▇▇▇.

  • Each participant in the Executive Pay Plan shall receive term life insurance at City expense with the amount of said insurance to be two times the participant's annual salary, rounded to the nearest $1,000, not to exceed $500,000.

  • The City will budget annually sufficient funds to provide each participant of the Executive Pay Plan tuition and required study material reimbursement for career improvement or job enhancement courses approved by the City Manager or authorized designee.

  • The Executive Level II salary of the Federal Executive Pay scale is $187,000.

  • Department Director is not a member of the competitive/ classified service and is an at-will employee serving at the pleasure of the City Manager and may be dismissed at any time with or without cause, subject only to the provisions of this Agreement and specific policies pertaining to the Senior Executive Pay for Performance Program.

Related to Executive Pay

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • Eligible Executive means an employee of the Company selected as being eligible to participate in this Plan under Section C.1.a.

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

  • Covered Executives means the Company’s current and former executive officers, as determined by the Administrator in accordance with the definition of executive officer set forth in Rule 10D-1 and the Listing Standards.

  • Covered Executive means any “executive officer” of the Company as defined under Rule 10D-1.