Quarterly Compensation definition
Examples of Quarterly Compensation in a sentence
I understand and acknowledge that this Deferral Election will take effect on the next January 1st after the date of this Deferral Election, and will be ineffective with respect to any Quarterly Compensation earned after the date of this Deferral Election but prior to such date.
Notwithstanding the foregoing, I understand that this Deferral Election will be effective immediately for this calendar year only with respect to Quarterly Compensation that is earned by me in future fiscal quarters if I have recently become an Eligible Director, so long as I sign and deliver this Deferral Election to the Company within thirty (30) days after the date that I became an Eligible Director.
I recognize and agree that the Company will establish an Account for me under the Plan, and will credit that Account in accordance with Section 7 of the Plan with the number of Deferred Share Units obtained when (i) my Quarterly Compensation earned during the fiscal quarter subject to this Deferral Election is divided by (ii) the Fair Market Value on the last day of the fiscal quarter for which compensation has been deferred.
You will receive severance pay equal to [two (2), three (3) or four (4)] times your Average Quarterly Compensation plus your [6 months, 9 months or one year] target bonus in effect immediately prior to the date of your termination of employment or notice of Constructive Termination (the “Termination Date”), net of any necessary taxes or deductions, payable in a lump sum.
The Additional Quarterly Compensation will be based on NAUH quarterly pre-tax profit margin and objectives related to institutional effectiveness.
I hereby elect to defer the receipt of ____________% of my Quarterly Compensation that would otherwise be due to me pursuant to Sections 6(e) and 7(a) of the Plan.
The Site Improvements LOC shall be a letter of credit in the form attached hereto as Exhibit B and issued by a FDIC-insured Minnesota bank.
I understand and acknowledge that this Deferral Election will take effect on the next January 1st after the date of this Deferral Election, and will be ineffective with respect to any Quarterly Compensation attributable to services performed after the date of this Deferral Election but prior to such date.
Within thirty (30) days following the end of each calendar quarter during each fiscal year composing the Term, the Company shall deliver to the Operator a written statement (the "Quarterly Compensation Statement") setting forth the applicable EBITDA of the Pilot Mine Program calculated at the conclusion of such calendar quarter based on the EBITDA of the Pilot Mine Program over the calendar quarter just concluded, and shall pay the Company the amount of the quarterly Management Fee at such time.
If the Commencement Date is not equal to January 1st, April 1st, July 1st, or October 1st, the Quarterly Compensation due for the first quarter will be calculated on a pro rata basis and will be due on the Commencement Date, without prejudice to Articles 4.4 and 4.5. The payments of the Quarterly Compensation shall be credited in EURO to Prologis' account number which shall be communicated in due course.