Salary Payment Date definition

Salary Payment Date means the date in each month upon which the Corporation normally pays salary to its employees, as determined from time to time by the Corporation;
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Examples of Salary Payment Date in a sentence

  • The Company shall cause the positive net difference between the Base Salary and Reduced Base Salary to be accounted for each Applicable Base Salary Payment Date ("Unpaid Base Salary").

  • The Executive's Base Salary will be due and payable to him during the Employment Term in accordance with the Company's customary payroll payment practices but no less frequently than once each month ("Applicable Base Salary Payment Date").

  • The Option shall vest with respect to 100% of the shares of Common Stock on the Salary Payment Date.

  • The Employee’s Base Salary for his services to the Company after the Salary Payment Date shall be payable after the Salary Payment Date in installments in accordance with the general payroll practices of the Company, or as otherwise mutually agreed upon, but no less often than twice monthly.

  • On and after the Accrued Salary Payment Date, the Company will provide you with life insurance coverage for the benefit of your heirs with a face amount of not less than two times your Base Salary that is in effect as of the Effective Date.

  • During the Term, the Executive shall receive a cash bonus (the “Special Bonus”) of Eighty Thousand United States Dollars (USD 80,000.00) per annum, which shall be paid in monthly installments on each Base Salary Payment Date.

  • Promptly after the Acquisition Completion, but no earlier than three Business Days, and no later than five Business Days, after the public announcement of the Acquisition Completion, the Company shall pay the Employee all unpaid Base Salary accrued for his services to the Company from the date hereof through and including the Salary Payment Date.