Base Compensation / Contract Bonuses Sample Clauses

Base Compensation / Contract Bonuses. During the Term, Executive’s salary (the “Base Compensation”) during each Contract Year shall be no less than as set forth below, shall be greater than the base compensation paid to any of the Executive’s subordinates and shall be payable at the same times and under the same conditions as salaries are paid to the Company’s other employees. In addition, in consideration of the terms and conditions of this Agreement, Company shall pay Executive the following cash bonuses (a “Contract Bonus”) upon the commencement of each Contract Year of the Term. Contract Year Base Compensation Contract Bonus 1 $220,000 $50,000 2 $240,000 $50,000 3 $260,000 $50,000
Sample 1
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Base Compensation / Contract Bonuses. Effective January 1, 2009 through the end of the Term, Executive’s salary (the “Base Compensation”) shall be no less than a monthly rate of thirty-nine thousand dollars ($39,000) and shall be payable at the same times and under the same conditions as salaries are paid to the Company’s other employees.
Sample 1
Base Compensation / Contract Bonuses. During the Term, Executive’s salary (the “Base Compensation”) shall be no less than the annualized equivalent of $240,000 beginning June 10, 2010, shall be no less than the annualized equivalent of $260,000 beginning January 1, 2012 and shall be payable at the same times and under the same conditions as salaries are paid to the Company’s other employees. In consideration of the terms and conditions of this Agreement, the Company shall also pay Executive a cash contract bonus in the amount of $75,000 (a “Contract Bonus”) within 30 calendar days of the Executive’s execution of this Agreement and upon each of January 1, 2012, January 1, 2013, January 1, 2014 and January 1, 2015. If the Executive terminates his employment with the Company during the Term, he will not be entitled to any subsequent Contract Bonuses and must repay the most recent Contract Bonus paid to him less a prorated amount of such Contract Bonus equal to the period of employment since the date the Contract Bonus was earned.
Sample 1

Related to Base Compensation / Contract Bonuses

  • 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.

  • Annual Bonus Compensation In addition to your Salary, during the Employment Term you shall be eligible to earn an annual bonus for each whole or partial calendar year during the Employment Term, determined and payable as follows (the “Bonus”):

  • Bonus Compensation The Executive shall not receive any bonus payment whatsoever pursuant to Section 3.02 or the Bonus Plan except such bonus which is already earned and due to be paid up to and including the Termination Date, notwithstanding any period following the Termination Date during which the Executive may receive any payments or benefits under the terms of the Agreement.

  • Annual Incentive Compensation (a) The Executive shall be eligible to receive annual bonus compensation, if any, as may be determined by, and based on performance measures established by, the Board of Directors upon the recommendation of the Compensation Committee of the Board of Directors (the “Committee”) consistent with the Employer’s strategic planning process and in consultation with the Executive, pursuant to any incentive compensation program as may be adopted from time to time by the Board of Directors, based on recommendations by the Committee (an “Annual Bonus”).

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.

  • Cash and Incentive Compensation For clarification, it is understood by all parties that other than as specified herein, the Company is not obligated to award any future grants of stock options or other form of equity compensation to Executive during Executive's employment with the Company.

  • Retirement Bonus 22:01 Employees retiring in accordance with the following:‌

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

  • Base Salary and Bonus As compensation for the Executive's services under this Agreement, the Executive shall receive and the Company shall pay a weekly base salary set forth on Exhibit A. Such base salary may be increased but not decreased during the Term or Renewal Period in the Company's discretion based upon the Executive's performance and any other factors the Company deems relevant. Such base salary shall be payable in accordance with the policy then prevailing for the Company's executives. In addition to such base salary, the Executive shall be entitled during the Term or Renewal Period to a performance bonus set forth on Exhibit A and to participate in and receive payments from, at the Company's election, other bonus and other incentive compensation plans, if any, as may be adopted by the Company.

  • Annual Compensation The Executive’s “Annual Compensation” for purposes of determining severance payable under this Agreement shall be deemed to mean the sum of (i) the annual rate of Base Salary as of the Date of Termination, and (ii) the cash bonus, if any, earned by the Executive for the calendar year immediately preceding the year in which the Date of Termination occurs.

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