General Compensation. Nothing in this Article limits the Employer’s prerogative to hire and pay new employees on an hourly basis.
General Compensation. Lottery shall pay Retailer compensation in accordance with the Rules governing Retailer compensation.
General Compensation. Grantee agrees to pay the City as General Compensation during each Compensation year for the use of the Public Ways throughout the duration of this Agreement (subject to the City’s rights of adjustment set forth in Section 2.3 and Section 7.12 hereof) a sum equal to the General Compensation as set forth below: The General Compensation during the Compensation Year ending December 31, 1995 shall be the greater of $50,000 or two percent (2%) of Grantee’s Total Gross Billings. The General Compensation during the Compensation Year ending December 31, 1996 shall be the greater of $140,000 or two percent (2%) of Grantee’s Total Gross Billings. The General Compensation during the Compensation Year ending December 31, 1997 shall be the greater of $320,000 or two percent (2%) of Grantee’s Total Gross Billings (including for 1997 and all future Compensation Years amounts generated by the Third Plant). For the 1998 Compensation Year, the general Compensation fees shall be the greater of $320,000, or 2% of Total Gross Billings. For the 1999 Compensation Year, the General Compensation shall be the greater of $406,000 or two percent (2%) of Total Gross Billings (including for 1999 and all future Compensation Years amounts generated by the Third Plant Expansion). For each Compensation Year beginning with the 2000 Compensation Year, the General Compensation fee shall be two percent (2%) of Total Gross Billings; but in no case shall the General Compensation for any Compensation Year beginning with 2000 be less than $406,000. Each rate of compensation in the Compensation Years beginning with 1999 shall be adjusted for the rate of inflation during the preceding Compensation Year pursuant to the Consumer Price Index for Urban Affairs. All rates of compensation set forth in this paragraph are subject to the City’s right of adjustment set forth in Section 2.3 and Section 7.12 hereof, as applicable.”
General Compensation. (A) Permanent Full-Time Employees - Pay and benefits will be computed on a monthly pay status basis.
General Compensation. The Borrower shall compensate each Lender, the Lead Arranger, and the Facility Agent for the losses, liabilities, damages, costs and expenses (including any loss or expenses of dismissing or reusing the fund that the Lenders bear to maintain its Facility Participation Amount) caused by any Event of Default, the Borrower’s failure to make early settlement as notified in accordance with Paragraph 2 of Article 5, any other behavior of the Borrower violating its obligations under this Agreement, or any matters related to the Agreement, and any interest or expenses incurred due to non-payment of payables. The Borrower shall ensure that the Lenders, the Lead Arranger, and the Facility Agent are free from any damage. However, if the losses, liabilities, damages, costs or expenses are caused by intentional or gross negligent acts of any of the Lenders, the Lead Arranger, and the Facility Agent, the Borrower would assume no responsibility for the compensation as a result. Table of Contents
General Compensation. With the exception of the services and reimbursement rates specified in Sections I.B, and I.C of this Attachment B, CalOptima or a Member’s Health Network shall reimburse County, and County shall accept as payment in full from CalOptima, the lesser of:
General Compensation. Grantee agrees to pay the City as General Compensation during each Compensation Year for the use of the Public Ways throughout the duration of this Agreement (subject to the City’s rights of adjustment set forth in Section 2.3 hereof) a sum equal to the General Compensation as set forth below. The General Compensation during the Compensation Year ending December 31, 1995 shall be the greater of $50,000 or two percent (2%) of Grantee’s Total Gross Bxxxxxxx. The General Compensation during the Compensation Year ending December 31, 1996 shall be the greater of $140,000 or two percent (2%) of Grantee’s Total Gross Bxxxxxxx. The General Compensation during the Compensation Year ending December 31, 1997 shall be the greater of $190,000 or two percent (2%) of Grantee’s Total Gross Bxxxxxxx. For each Compensation Year beginning with the 1998 Compensation Year (subject to the City’s rights of adjustment set forth in Section 2.3 hereof and to adjustments made pursuant to Section 7.1.2), the General Compensation fees shall be two percent (2%) of Total Gross Bxxxxxxx; but in no case shall the General Compensation for any Compensation Year beginning with 1998 be less than $190,000 (subject to adjustment pursuant to Section 7.1.2), adjusted for the rate of inflation during the preceding Compensation Year pursuant to the Consumer Price Index for Urban Areas.”
General Compensation. Each party (the "Indemnifying Party") covenants and agrees to indemnify, defend and hold harmless the other party, its affiliates and their respective directors, officers, shareholders, employees, agents, and other representatives, (the "Indemnified Party"), against any loss due to any third party claim, demand, suit, action or cause of action (a "Claim") related to or arising out of any breach or alleged breach by the indemnifying Party of any of its representations, warranties or obligations under this Agreement. The indemnified Party must inform the indemnifying Party in writing and as soon as possible of any Claim and must cooperate in the defense of this Claim. Neither party shall agree to an out-of-court settlement of any Claim without obtaining the prior written consent of the other party. Notwithstanding the generality of the foregoing, Customer covenants and agrees to indemnify Flash Romeo and its Representatives for any and all Claims arising out of or arising, directly or indirectly: i) from the use of the Platform by the Customer or its Authorized Users ; (ii) from any use of Customer Data authorized by this Agreement; (iii) from any complaint by a third party relating to the sending of commercial electronic messages.
General Compensation. Your overall compensation will be commensurate with positions and responsibilities similar to yours and will be coordinated and paid through Xxxxxx-Standard in Novi, Michigan. Your annual base salary will be USD $500,000 per year through 2013 and, thereafter, will be reviewed annually, consistent with Xxxxxx-Standard’s practice for other senior executives. You will be eligible for an annual incentive bonus. Your target incentive bonus for 2013 will equal 65% of your annual base salary. Actual payouts of annual incentive bonuses have historically been based on the level of achievement of adjusted EBITDA targets established by the Compensation Committee of Xxxxxx-Standard’s Board of Directors. The Compensation Committee is currently reviewing the basis upon which achievement and payout for 2013 will be determined, and final decisions are expected in this regard during the first quarter of 2013. You will also be eligible for long-term incentive (LTIP) awards based on such long term incentive plans of the U.S. parent company as are in effect with respect to executives at your level at the time the awards are granted. In the first quarter of 2013, you will receive LTIP awards designed to have an aggregate value, at the time of grant, of approximately 135% of your annual base salary. In recent years, LTIP awards have included both cash and equity components. As a reference, in 2012, the aggregate LTIP target award value granted to the company’s senior management team was delivered in the following manner, with each component vesting after three years:
General Compensation. In consideration and as full and complete compensation for providing Consulting Services (but the Consultant retains his director fees and related compensation), the Company shall pay Consultant the sum of Twenty-Two Thousand Dollars ($22,000) per month in arrears as a consulting fee until this Agreement is terminated pursuant to the terms hereof. Upon termination of this Agreement pursuant to the terms hereof, the Company shall no longer be obligated to pay to the Consultant any consulting fees from and after such termination, except such fees that have accrued but have not been paid by the Company for those months that have ended prior to the termination of this Agreement. The Consultant and the Company may adjust the amount during any month of the Term of this Agreement when the Board and the Consultant mutually agree that the time commitment specified in Section 2 of this Agreement is not required for a future month. Any sum due to the Consultant pursuant to this Section 3.1 of the Agreement shall be paid to the Consultant within ten (10) business days from the last day of the month during which the Consulting Services are rendered. Payment for September 2014 shall be pro-rated and paid to the Consultant within five (5) business days of the date that the Consultant began as an independent contractor in performing the Consulting Services. The Company will file forms consistent with the Consultant’s status as an independent contractor, and the Consultant will be solely responsible to pay all local, state and/or federal income, social security and unemployment taxes for the Consultant. The Company will not withhold any taxes or prepare W-2 forms for the Consultant for performing the Consultant Services but will provide Consultant with a Form 1099, if required by law.
