Compensation Reimbursement Etc Sample Clauses

Compensation Reimbursement Etc. The Servicer agrees:
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Compensation Reimbursement Etc. (a) Pursuant to the Amended and Restated Contribution and Servicing Agreement, the Servicer has agreed:
Compensation Reimbursement Etc. The Issuer agrees:
Compensation Reimbursement Etc. Subject to completion of the Spin-off, and commencing on the Distribution Date, the Employer shall provide the Employee the following compensation and benefits:
Compensation Reimbursement Etc. (a) The Company shall pay to Executive as compensation for all services rendered by Executive during the term of this Agreement a basic annualized salary of $260,000.00 per year (the "Basic Salary"), or such other sums as the Board of Directors of the Company and Executive may agree on from time to time, payable monthly or in other more frequent installments, as determined by the Company, subject to all standard withholding practices and procedures of the Company. The Board of Directors of the Company shall have the right to increase Executive's compensation from time to time by action of the Board of Directors. The Board of Directors of the Company, in its discretion, may, with respect to any year during the term hereof, award a bonus or bonuses to Executive. For purposes hereof, Executive's target bonus for the year 2000 is $200,000.00. The compensation provided for in this Section 3(a) shall be in addition to any 401(k), pension or profit sharing payments set aside or allocated for the benefit of Executive.
Compensation Reimbursement Etc. Subsection 3(a) of the Employment Agreement shall be replaced in its entirety as follows:
Compensation Reimbursement Etc. (a) The compensation payable to the Employee shall be fixed at an annual salary of $125,000. Such compensation may be paid in weekly or in other convenient installments, as determined by the Employer. In addition, the Board of Directors of Employer may, in its discretion, establish a bonus plan which may include the Employee. The terms of any such bonus plan shall be in the discretion of the Employer.
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Compensation Reimbursement Etc. Subject to Section 3.04(c) of the Sales and Servicing Agreement, the Company agrees:
Compensation Reimbursement Etc. (a) During the Employment Period and any Renewal Period, the Employer shall pay to the Employee as compensation for all services rendered by the Employee a yearly salary of $350,000 (the "Base Salary") which will be paid in semi-monthly installments of $14,583.33 in accordance with the Employer’s regularly-scheduled pay days and subject to applicable deductions and withholdings. This is an exempt position under the Fair Labor Standards Act, and as such, Employee shall not be eligible for overtime payments.
Compensation Reimbursement Etc. (a) The Company shall pay to Executive as compensation for all services rendered by Executive during the term of this Agreement a basic annualized salary of $140,000.00 per year (the "Basic Salary"), or such other sums as the Board of Directors of the Company and Executive may agree on from time to time, payable monthly or in other more frequent installments, as determined by the Company, subject to all standard withholding practices and procedures of the Company. The Board of Directors of the Company shall have the right to increase Executive's compensation from time to time by action of the Board of Directors. For the period commencing January 1, 2000 through the date of this Agreement, Executive will be paid a prorated share of the "Total Target Bonus" set forth on Annex I attached hereto, payable on such date as the Board of Directors may determine on or before December 31, 2001. In addition, the Board of Directors of the Company, in its discretion, may, with respect to any year during the term hereof, award a bonus or bonuses to Executive. The compensation provided for in this Section 3(a) shall be in addition to any 401(k), pension or profit sharing payments set aside or allocated for the benefit of Executive.
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