Compensation, Expenses and Benefits. As full compensation for Employee’s performance of his duties pursuant to this Agreement, the Company shall pay Employee during the term of this Agreement, and Employee shall accept as full payment for such performance, the following aggregate amounts and benefits, and on the terms set forth in this Agreement:
Compensation, Expenses and Benefits. As full compensation for Executive's performance of his duties pursuant to this Agreement, the Company shall pay Executive during the term of this Agreement, and Executive shall accept as full payment for such performance, the following aggregate amounts and benefits:
Compensation, Expenses and Benefits. (a) Company shall pay to Employee, and Employee shall accept from Company, during the Employment Period, and in consideration for the services to be performed by Employee, a salary at the rate of not less than $140,920.00 per annum (the "Annual Salary"), less deductions required by law and Employee authorized deductions, payable in such equal periodic installments as Company may determine, but not less frequently than monthly. Each year the salary of the Employee shall be reviewed and a salary amount set for the following year by the Board of Directors based upon recommendations of its Compensation and Benefits Committee, in accordance with the Company's established salary administration plan. In the event that a mutual agreement cannot be reached then the salary shall remain at the same level as that of the previous year.
Compensation, Expenses and Benefits. (a) Employer shall pay to Employee, and Employee shall accept from Employer, during the Employment Period, in consideration for all services to be performed by Employee, a salary at the rate of One Hundred Forty Thousand Dollars ($140,000.00) per year during the Employment Period (the "Salary"). The payment of the Salary as well as of any bonuses Employee may be entitled to receive shall be less withholding and deductions required by law and Employee authorized deductions, and the Salary shall be payable semi-monthly in arrears during the Employment Period.
Compensation, Expenses and Benefits. For services rendered by the Executive during the period of his employment under this Agreement, the Executive shall be paid the compensation, benefits and expenses provided in Sections 3(a), (b), (c), (d), and (e). Additionally, Executive shall also be entitled to the other payments and benefits set forth in other sections of this Agreement. (a)
Compensation, Expenses and Benefits. (a) Company shall pay to Executive, and Executive shall accept from Company, during the Employment Period, and in consideration for the services to be performed by Executive, a salary at the rate of not less than $156,963 per annum (the "Annual Salary"), less deductions required by law and deductions authorized by the Executive, payable in such equal periodic installments as Company may determine, but not less frequently than monthly. Each year the salary of the Executive shall be reviewed and a salary amount set for the following year by the Board of Directors based upon recommendations of its Compensation & Benefits Committee, in accordance with the Company's established salary administration plan. In the event that a mutual agreement cannot be reached then the salary shall remain at the same level as that of the previous year.
Compensation, Expenses and Benefits. (a) Upon the Effective Time, the Bank shall pay the Employee a transition bonus of $105,000. Following Closing, the Bank shall pay Employee, as an additional transition bonus, $8,781.25 in equal monthly amounts through the first anniversary of the Effective Time, and Employee shall accept from Bank, during the Employment Period, and in consideration for the services to be performed by Employee, a salary at the rate of not less than $92,500.00 per annum (the "Annual Salary"), less deductions required by law and Employee authorized deductions, payable in such equal periodic installments as the Bank's Board of Directors may determine, but not less frequently than monthly. Each year the salary of the Employee shall be reviewed and a salary amount set for the following year by the Board of Directors based upon recommendations of its Compensation and Benefits Committee, in accordance with the Company's established salary administration plan. In the event that a mutual agreement cannot be reached then the salary shall remain at the same level as that of the previous year. The Employee shall initially hold a job grade of 28 in the Company's job grading system.
Compensation, Expenses and Benefits. (a). Employer shall pay to Employee, and Employee shall accept from Employer, during the Employment Period, and in consideration for the services to be performed by Employee, a salary at the rate of $90,000.00 per annum (the "Annual Salary"), less deductions required by law and Employee authorized deductions, payable in such equal periodic installments as Employer may determine, but not less frequently than monthly. Provided, however, that each year the salary of the Employee shall be reviewed and a salary amount set for the following year by mutual agreement with the Board of Directors. In the event an agreement cannot be reached as to the salary amount, the salary shall be that set for the previous year.
Compensation, Expenses and Benefits. Company shall pay Employee ----------------------------------- based on the compensation arrangement set forth on Exhibit "B". Employee agrees that the Company's Board of Directors (excluding Employee if Employee is also a director) may change the initial compensation arrangement with or without prior notice to Employee.
Compensation, Expenses and Benefits. 3.01. As consideration for the services to be rendered by Consultant, Consultant shall receive a common stock grant of 9,000,000 shares of common stock of the Company (“Stock Award”). The Stock Award shall be issuable upon execution of this Agreement.
