Compensation and Benefits During Employment Sample Clauses

Compensation and Benefits During Employment. Nucor will provide the following compensation and benefits to Executive: (a) Nucor will pay Executive a Base Salary of $580,000 per year, paid not less frequently than monthly in accordance with Nucor’s normal payroll practices, subject to withholding by Nucor and other deductions as required by law. Executive’s base salary is subject to adjustment up or down by the Board at its sole discretion and without notice to Executive. (b) Provided Executive remains in the position of an executive officer of Nucor Corporation, Executive will be a participant in and eligible to receive awards of incentive and equity-based compensation under and in accordance with the applicable terms and conditions of the AIP, the LTIP, and the Equity Award Plan, each as modified from time to time by, and in the sole discretion of, the Committee or the Board. (c) Provided Executive remains in the position of an executive officer of Nucor Corporation, Executive will be eligible for all other employee benefits that are generally made available by Nucor Corporation to its executive officers, including the Nucor Corporation Supplemental Retirement Plan for Executive Officers (the “Supplemental Retirement Plan”), each as modified from time to time by, and in the sole discretion of, the Committee or the Board.

Compensation and Benefits During Employment. During the Employment, the Company shall provide compensation to Executive as follows: (a) The Company shall pay Executive base compensation of $325,000. The Company shall be responsible for withholding for all taxes to the Internal Revenue Service as well as any and all other taxes payable in the United States including taxes payable to any state or local jurisdiction. (b) The Company shall reimburse Executive for business expenses incurred by Executive in connection with Employment in acccordinance with the Company’s then-current policies. (c) Executive will be entitled to participate in any health insurance or other employee benefit plan which the Company may adopt in the future. (d) Executive will be entitled to thirty (30) days paid time off (PTO) per year. PTO days shall begin on 1st of January for each successive year. Unused PTO days shall expire on December 31 of each year and shall not roll-over into the next year. Other than the use of PTO days of illness or personal emergencies, PTO days must be pre-approved by Company. (e) Executive will be entitled to participate in any incentive program or discretionary bonus program of the Company which may be implemented in the future by the Board of Directors. (f) Executive will be entitled to participate in any stock option plan of the Company which may be approved in the future by the Board of Directors. (g) The Company hereby agrees to maintain a directors and officer’s insurance policy of at leas $1,000,000 coverage in full force and effect during Executive’s period of Employment including renewals of this Agreement, and for a period no less than two years following Termination.

Compensation and Benefits During Employment. Nucor will provide the following compensation and benefits to Executive:

Compensation and Benefits During Employment. Nucor will provide the following compensation and benefits to Executive: (a) Nucor will pay Executive a Base Salary of $549,500 per year, paid not less frequently than monthly in accordance with Nucor’s normal payroll practices, subject to withholding by Nucor and other deductions as required by law. The parties acknowledge and agree that this amount exceeds the base salary Executive was entitled to receive in the Prior Position. Executive’s base salary is subject to adjustment up or down by the Board at its sole discretion and without notice to Executive. (b) Provided Executive remains in the position of an executive officer of Nucor Corporation, Executive will be a participant in and eligible to receive awards of incentive and equity-based compensation under and in accordance with the applicable terms and conditions of the AIP, the LTIP, and the Equity Award Plan, each as modified, amended and/or restated from time to time by, and in the sole discretion of, the Committee or the Board. (c) Provided Executive remains in the position of an executive officer of Nucor Corporation, Executive will be eligible for all other employee benefits that are generally made available by Nucor Corporation to its executive officers, including the Nucor Corporation Supplemental Retirement Plan for Executive Officers (the “Supplemental Retirement Plan”), each as modified from time to time by, and in the sole discretion of, the Committee or the Board.

Compensation and Benefits During Employment. Nucor will provide the ------------------------------------------- following compensation and benefits to Employee: (a.) Nucor will pay Employee a base salary of $277,200 per year, paid on a monthly basis, subject to withholding by Nucor and other deductions as required by law. This amount is subject to adjustment up or down by Nucor's Board of Directors at its sole discretion and without notice to Employee. (b.) Employee will be eligible for bonuses based on the Senior Officer Incentive Compensation Plans, as modified from time to time by, and in the sole discretion of, the Board of Directors of Nucor. (c.) Employee will be eligible for those employee benefits that are generally made available by Nucor to its employees. (d.) Employee shall be eligible to participate in the Key Employees Incentive Stock Option Plan (the "Option Plan") in accordance with the applicable terms and conditions of the Option Plan and a Key Employee Stock Option Certificate issued to Employee.

Compensation and Benefits During Employment. Nucor will provide the following compensation and benefits to Executive: (a) Nucor will pay Executive a base salary of Three Hundred Sixteen Thousand Seven Hundred Dollars ($316,700) per year, paid not less frequently than monthly in accordance with Nucor’s normal payroll practices, subject to withholding by Nucor and other deductions as required by law. The parties acknowledge and agree that this amount exceeds the base salary Executive was entitled to receive in the Prior Position. Executive’s base salary is subject to adjustment up or down by the Board at its sole discretion and without notice to Executive. (b) Executive will be a participant in, and eligible to receive awards of incentive compensation under and in accordance with the applicable terms and conditions of, Nucor’s senior officer annual and long term incentive compensation plans, as modified from time to time by, and in the sole discretion of, the Board. (c) Executive shall be a participant in, and eligible to receive awards of equity-based compensation under and in accordance with the applicable terms and conditions of, Nucor’s senior officer equity incentive compensation plans, as modified from time to time by, and in the sole discretion of, the Board. (d) Executive will be eligible for those employee benefits that are generally made available by Nucor to its executive officers.

Compensation and Benefits During Employment. During the Employment, the Company shall provide compensation to Executive as follows. (a) The Company shall pay Executive $15,000 per month in equal monthly installments. The Company shall be responsible for the withholding and payment of all taxes to the Internal Revenue Service as well as any and other taxes payable in the United States including taxes payable to any state and local jurisdiction. (b) The Company shall reimburse Executive for business expenses incurred by Executive in connection with the Employment in accordance with the Company’s then-current policies. (c) Executive will be entitled to participate in any health insurance or other employee benefit plan which the Company may adopt in the future. (d) Executive will be entitled to four (4) weeks of paid vacation per year. (e) Executive will be entitled to participate in any incentive program or discretionary bonus program of the Company which may be implemented in the future by the Board of Directors. (f) Executive will be entitled to participate in any stock option plan of the Company which may be approved in the future by the Board of Directors. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board or based upon the advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by Executive in good faith and in the best interests of the Company and thus shall not be deemed grounds for Termination for Cause.

Compensation and Benefits During Employment. During the Employment, the Company shall provide compensation and benefits to the Executive as follows. 4.1 The Company shall pay the Executive, subject to the terms and conditions of this Agreement, a monthly base salary at the rate of not less than the initial salary set forth in Schedule 1, payable in accordance with the normal payroll practices of the Company but in no less than equal bi-weekly installments, less withholding required by law or agreed to by the Executive. 4.2 As additional compensation for services hereunder: (a) The Executive shall be eligible for a contingent bonus with an annual On-Target Amount as set forth in Schedule 1 (except that the On-Target Amount for the calendar year in which the Employment begins will be reduced pro rata by the number of days elapsed in such year on the Effective Date). The actual bonus amount in any given year, if any, will be determined by and contingent upon the Company's achievement of financial performance objectives set by the Company from time to time in its discretion for determining payment of bonuses to its senior executives. The bonus, if any, will be paid at the same time and in the same manner as the payment of bonuses to other senior executives of the Company as determined by the Company in its discretion; (b) The Executive shall be entitled to a signing bonus, in a total amount, and payable in installments at times, set forth in Schedule 2, in accordance with the normal payroll practices of the Company. The Executive may elect, by notice to the Company, to defer any then-due installment of the signing bonus, without interest; and (c) At a time determined by the Company in its discretion (but in no event later than December 31, 2002), the Company will grant to the Executive one or more options to purchase shares of the Company's common stock, covering an aggregate number of shares (adjusted to take into account any intervening stock splits, reverse splits, recapitalizations, etc.) equal to (i) 100,000 shares, or (ii) if greater, the average number of shares for which options were granted between May 2, 2001 and December 31, 2002 to senior vice presidents of the Company, excluding the Executive. (1) Such option(s) granted to the Executive will be in accordance with the Company's Omnibus Incentive Plan or, in the discretion of the Company, another stock-option plan used for option grants to senior executives. (2) The option grant(s) to the Executive will be on terms that include vesting over fo...

Compensation and Benefits During Employment. Nucor will provide the following compensation and benefits to Executive: (a) Nucor will pay Executive a base salary of $445,000 per year, paid not less frequently than monthly in accordance with Nucor’s normal payroll practices, subject to withholding by Nucor and other deductions as required by law. The parties acknowledge and agree that this amount exceeds the base salary Executive was entitled to receive in the Prior Position. Executive’s base salary is subject to adjustment up or down by the Board at its sole discretion and without notice to Executive. (b) Provided Executive remains in the position of an executive officer of Nucor Corporation, Executive will be a participant in and eligible to receive awards of incentive and equity-based compensation under and in accordance with the applicable terms and conditions of the Nucor Corporation Senior Officers Annual Incentive Plan, the Nucor Corporation Senior Officers Long-Term Incentive Plan, and the Nucor Corporation 2014 Omnibus Incentive Compensation Plan (the “Omnibus Plan”), each as modified from time to time by, and in the sole discretion of, the Board. (c) Provided Executive remains in the position of an executive officer of Nucor Corporation, Executive will be eligible for all other employee benefits that are generally made available by Nucor Corporation to its executive officers.