Officer Compensation. Except as otherwise provided by the Board or in a Bylaw addressing Director compensation, reimbursement, salaries, or benefits, the Cooperative may reasonably compensate, reimburse, pay a salary to, or provide insurance or other benefits to, an Officer.
Officer Compensation. The officers shall not be entitled to any compensation, except by the affirmative vote or consent of a majority of the Board of Managers.
Officer Compensation. 21.1 For 2024, effective January 1, 2024, the wage matrix for Police Officer shall be adjusted upwards by five percent (5%). Effective January 1, 2025, the wage matrix for Police Officer shall adjust upwards by five percent (5%). Effective January 1, 2026, the wage matrix for Police Officer shall adjust upwards by five percent (5%). Wage tables are provided in Appendix.
Officer Compensation. The Company shall not increase the compensation for the Company’s Officer and Directors until after the Listing Event unless approved by the Purchaser Representative; provided, however, the salary for Mxxxxxx Xxxxx may be increased by $25,000 upon the Company achieving the first set of milestones described in Schedule 4.2(k).
Officer Compensation. During the one (1) year period commencing on the Applicable Date, no officer or director of the Company will receive more that $12,000 per month in cash compensation without the prior written consent of WA. It is contemplated that the officers of the Company will
Officer Compensation. All compensation paid to the president, treasurer, controller, secretary and all vice-presidents of the Company, whether as salary, fringe benefits, stock bonuses or otherwise, as currently in effect is hereby approved by the Investors. After the Closing Date, all such compensation shall be determined by the Compensation Committee of the Board of Directors.
Officer Compensation. All officer compensation in excess of $100,000 per annum, all equity compensation (including vesting), and all executive compensation matters shall be reviewed and determined or recommended by either (i) a majority of the Company’s Compensation Committee, where at least a majority of the membership of such Compensation Committee shall consist of those directors that have been designated by the holders of the Company’s Series A Preferred Stock and/or Series B Preferred Stock pursuant to that certain Amended and Restated Voting Agreement, dated as of the date hereof, by and among the Company, certain of the Investors and the other parties thereto, as may be amended from time to time, or (ii) a majority of the Company’s Board of Directors.
Officer Compensation. All compensation paid to the president, treasurer, controller, secretary and all vice-presidents of the Company, whether as salary, fringe benefits, stock bonuses or otherwise, as currently in effect is hereby approved by the Investors. After the Closing Date, all such compensation shall be determined by the Compensation Committee of the Board of Directors, the members of which Committee shall initially be Xxxxxxx X. Xxxxxxxx, Xx. and Xxxxxx Xxxxxxx. Upon the election of an additional director to the Board of Directors of the Company who is not affiliated with the Company, such person shall also be appointed to the Compensation Committee.
Officer Compensation. The salaries and emoluments of all officers and agents of the Company shall be fixed by the Board of Directors. Xxxxxxxx.xxx, Corp. Page 43
Officer Compensation. From the date hereof and until the second anniversary of the date of this Agreement, all salaries of officers of the Company shall be unanimously approved by the Board of Directors of the Company. After the second anniversary of the date of this Agreement, all salaries of officers of the Company shall be approved by a majority of the Board of Directors of the Company or a Compensation Committee designated by the Board of Directors (which committee shall include at least one of Investor's Board designees as a member).
