COMPENSATION AND DUTIES Sample Clauses

COMPENSATION AND DUTIES. 1. BASE SALARY. For the period beginning on the Commencement Date through May 2, 2005, the base salary payable to the Employee shall be at the rate of $260,000 per year, payable on the Company’s normal payroll dates.
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COMPENSATION AND DUTIES. In consideration of the Employee's services for a period equivalent to ten (10) days a month, based upon a regular work week of four (4) days, after his resignation or termination as Chief Executive Officer, his agreement to perform duties as reasonably requested by the Company and his compliance with paragraph 5 herein, it is agreed as follows:
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COMPENSATION AND DUTIES. In consideration of the Employee's ----------------------- services for a period equivalent to 5 days a month after his resignation or termination, and to perform duties as reasonably requested by the Company and to comply with paragraph 5 herein, it is agreed as follows:
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COMPENSATION AND DUTIES. In consideration of the Employee’s willingness to work for the Company for a period equivalent to 2 days a month after his resignation, and to perform duties as reasonably requested by the Company, the Employee shall receive the following compensation:
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COMPENSATION AND DUTIES. The provisions of this Section 2 shall supercede in their entirety the provisions of Section 3 of the First Amendment.
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COMPENSATION AND DUTIES a. Until the CEO Date, Executive's Base Salary and Performance Bonus under the Employment Agreement shall remain in effect in accordance with the terms of the Employment Agreement. In the event that Executive ceases to be Chief Executive Officer of the Company, Executive shall receive, for the fiscal year in which he ceases to be Chief Executive Officer, a pro rata portion of the Performance Bonus to which Executive would otherwise have been entitled for the full fiscal year, determined and paid in the manner set forth in the last sentence of Section 6(b) of the Employment Agreement using the last date for which Executive receives his Base Salary as Chief Executive Officer as the date for proration. The compensation provided for in this paragraph shall be paid in all events.
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COMPENSATION AND DUTIES 
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Related to COMPENSATION AND DUTIES

  • Retention and Duties (a) The Company hereby engages and employs Executive for the Period of Employment (as defined in Section 2) on the terms and conditions expressly set forth in this Agreement. Executive hereby accepts and agrees to such engagement and employment, on the terms and conditions expressly set forth in this Agreement.

  • Position and Duties (i) During the Employment Period, (A) the Executive's position (including status, offices, titles and reporting requirements), authority, duties and responsibilities shall be at least commensurate in all material respects with the most significant of those held, exercised and assigned at any time during the 120-day period immediately preceding the Effective Date and (B) the Executive's services shall be performed at the location where the Executive was employed immediately preceding the Effective Date or any office or location less than 35 miles from such location.

  • Employment and Duties (a) The Company hereby employs Executive as President and Chief Executive Officer of the Company. As such, Executive shall have responsibilities, duties and authority reasonably accorded to, expected of, and consistent with Executive's position as, President and Chief Executive Officer of the Company and will report directly to the Board of Directors of the Company (the "Board"). Executive hereby accepts this employment upon the terms and conditions herein contained and, subject to paragraph 1(c), agrees to devote substantially all of his business time, attention and efforts to promote and further the business of the Company.

  • Employment, Position and Duties (a) The Company shall employ Executive and Executive hereby accepts employment with the Company, upon the terms and conditions set forth in this Agreement for the Employment Period.

  • Services and Duties As Administrator, and subject to the supervision and control of the Trustees of each Trust, EIS will hereafter provide facilities, equipment and personnel to carry out the following administrative services for operation of the business and affairs of each Trust and each of its series:

  • Authority and Duties of Officers All officers of the Corporation shall respectively have such authority and perform such duties in the management of the business of the Corporation as may be provided herein or designated from time to time by the Board and, to the extent not so provided, as generally pertain to their respective offices, subject to the control of the Board.

  • Office and Duties (a) Employee shall be employed by the Company as its President and Chief Executive Officer and will serve as a member of the Board of Trustees of the Company (the "Board") and member of the Executive Committee of the Board, and shall perform such duties and shall have such authority as may from time to time be specified by the Board. Employee shall report directly to the Board.

  • Term and Duties (a) The term of this Agreement and the period of Executive’s employment hereunder shall begin as of the Effective Date and shall continue for thirty-six (36) full calendar months thereafter. Commencing on the first anniversary date following the Effective Date and continuing on each anniversary date thereafter (the “Anniversary Date”), this Agreement shall renew for an additional year such that the remaining term shall be thirty-six (36) months, provided, however, that in order for this Agreement to renew, the disinterested members of the Board of Directors of the Bank (the “Board”) must take the following actions within the time frames set forth below prior to each Anniversary Date: (i) at least sixty (60) days prior to the Anniversary Date, conduct a comprehensive performance evaluation and review of Executive for purposes of determining whether to extend this Agreement; and (ii) affirmatively approve the renewal or non-renewal of this Agreement, which such decision shall be included in the minutes of the Board’s meeting. If the decision of such disinterested members of the Board is not to renew this Agreement, then the Board shall provide Executive with a written notice of non-renewal (“Non-Renewal Notice”) at least thirty (30) days and not more than sixty (60) days prior to any Anniversary Date, such that this Agreement shall terminate at the end of thirty-six (36) months following such Anniversary Date. The failure of the disinterested members of the Board to take the actions set forth herein before any Anniversary Date will result in the automatic non-renewal of this Agreement, even if the Board fails to affirmatively issue the Non-Renewal Notice to Executive. If the Board fails to inform Executive of its determination regarding the renewal or non-renewal of this Agreement, the Executive may request, in writing, the results of the Board’s action (or non-action) and the Board shall, within thirty (30) days of the receipt of such request, provide a written response to Executive. Reference herein to the term of this Agreement shall refer to both such initial term and such extended terms.

  • Payments to and Duties of Adviser Upon Termination (i) After the termination of this Agreement, the Adviser shall not be entitled to compensation for further services provided hereunder except that it shall be entitled to receive from the Company within 30 days after the effective date of such termination all unpaid reimbursements and all earned but unpaid fees payable to the Adviser prior to termination of this Agreement, including any deferred fees.

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