Extended Compensation Sample Clauses

Extended Compensation. 32 Extended compensation will not be considered part of said contract determining the true 33 per diem rate. 34
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Extended Compensation. Teachers required to spend additional days shall be compensated at a rate of 1/184 of their teaching salary.
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Extended Compensation. In the event that there occurs a sale of --------------------- substantially all the assets of the Company or a sale of a sufficient amount of stock in the Company, whether by tender offer, original issuance, or a single or series of related stock purchase and sale agreements and/or transactions sufficient to confer on the purchaser or purchasers thereof (whether individually or in a group) the ability to elect a majority of the Board
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Extended Compensation. In the event that there occurs a sale of --------------------- substantially all the assets of the Company or a sale of a sufficient amount of stock in the Company, whether by tender offer, original issuance, or a single or series of related stock purchaser and sale agreements and/or transactions sufficient to confer on the purchaser or purchasers thereof (whether individually or in a group) the ability to elect a majority of the Board of Directors of the Company, the Company shall be obligated to pay to the Employee the sum of $200,000.00 per year, such sum to be paid in annual installments in arrears (the "Extended Compensation") for a period not to exceed the earlier of five (5) years or the life of the Employee, the first installment to be paid on the date which is one year after the occurrences of the event giving rise to the payment; provided however, that such Extended Compensation shall be paid in lien of, and not in addition to, any compensation paid pursuant to Section 5 hereof. No payment of Extended Compensation shall be made without first obtaining the affirmative vote of at least seventy-five percent (75%) of the shareholders of the Company (which calculation shall be made without regard to any shares held by Employees) immediately prior to the change in control of the Company as described above; such vote shall determine the right of the Employee to receive the Extended Compensation, on the condition that full disclosure be made of all material costs concerning all payments to be made pursuant to this Section 6. Notwithstanding the provisions of Section 9 hereof, the obligation of the Company to make payments of Extended Compensation shall terminate only upon the death of the Employee or the expiration of the five (5) year term.
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Extended Compensation. ‌‌ Any employee who is asked and agrees to work beyond one hundred eighty‌ (180) days shall receive additional compensation based on 1/180 of the employee’s regular contracted salary for each day of the contract extension. Extended compensation is designed for positions whose duties and responsibilities require time beyond the regular contract day and/or year, which is between September 1st and August 31st.‌ Extended compensation will be prorated for all positions, except librarians and the Yelm Extension School counselor. These days will be utilized as agreed upon between the District and Association as some activities may occur throughout the school year.‌ Career & Technical Education (CTE) employees are eligible for compensation and‌ advisor stipends paid from vocational funding, so long as there is no overlap of duties and/or pay. These positions include: Agriculture and Renewable Natural Resources, Business Education, Technology and Industry Education, Publishing, Automotive Education, Thespian, Marketing Education and Health Science Education employees.‌
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Related to Extended Compensation

  • Basic Compensation An employee, at the employee's option, may report to court when subpoenaed or remain on call. If the employee elects to appear in court, the division supervisor must be notified, at the latest, one administrative day prior to the scheduled court appearance. If the employee wishes to remain on call, the employee must be able to appear in court not more than one hour after being notified that the employee's appearance is required in court. To appear in court more than an hour after having been notified will void the employee's right to on-call compensation. An employee need not remain at home, but must be available for telephonic notification at a location where the supervisor knows the employee can be reached.

  • Additional Compensation Notwithstanding anything in this Memorandum of Understanding to the contrary when in the judgment of the Board, it becomes necessary or desirable to utilize the services of County employees in capacities other than those for which they are regularly employed, the Board may authorize and, if appropriate, fix an additional rate of compensation for such employees.

  • Payment of Compensation Consultant shall submit to City a monthly itemized statement which indicates work completed and hours of Services rendered by Consultant. The statement shall describe the amount of Services and supplies provided since the initial commencement date, or since the start of the subsequent billing periods, as appropriate, through the date of the statement. City shall, within 30 days of receiving such statement, review the statement and pay all approved charges thereon.

  • Director Compensation Petitioner shall not compensate members of the Charter School’s Governing Board in excess of reasonable expenses incurred in connection with actual attendance at board meetings or with performance of duties associated therewith.

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