Salaries and Bonuses. The Disclosure Schedule contains a true and complete list of all current officers, directors and employees of the Company and of its Subsidiaries who received during the fiscal year ended December 31, 1996 remuneration from the Company or from any of its Subsidiaries in excess of $50,000, together with the current aggregate base salary rate for each such person.
Salaries and Bonuses. The White Cloud Disclosure Schedule contains a true and complete list of all current officers, directors and employees of White Cloud and of its White Cloud Subsidiaries who received during the fiscal year ended June 30, 1996 remuneration from White Cloud or from any of its White Cloud Subsidiaries in excess of $50,000, together with the current aggregate base salary rate for each such person.
Salaries and Bonuses. None of the Borrowers or any other Loan Party shall, except with the prior written consent of the Lender, pay any amount to any of its officers and/or directors in their capacities as officers and directors by way of salary, bonus, commission, directors fees, executive management compensation or otherwise unless it is in the ordinary course of business, consistent with past practices and reflected in the budget and forecast the applicable Loan Party, and approved by the applicable board of directors or members of the applicable Loan Party.
Salaries and Bonuses. Pay salaries or bonuses except as approved by a compensation committee appointed by the Board of Governors of Borrower subject to the terms of the LLC Agreement. In no event shall bonuses paid to Borrower's managers and employees (not including bonuses required to be paid to Xxxxxx Xxxxxxxx pursuant to the terms of the Management Contract between Xx. Xxxxxxxx and Borrower dated March 4, 2002 (the "MANAGEMENT CONTRACT")) exceed ten percent (10%) of Borrower's Profits (as defined in the LLC Agreement) in any fiscal year.
Salaries and Bonuses. 46 7.34 Foreclosure...........................................................................47 7.35 Updates to Purchasers of Production Information.......................................47 7.36 No Issuance of Equity.................................................................47
Salaries and Bonuses. Subject to the following conditions, Borrower's Board of Directors shall be responsible for setting and controlling the salaries and bonuses of each officer and significant employee. The aggregate sum of all salaries and bonuses paid in fiscal year 1998 shall be in accordance with Section 7.3(j).
Salaries and Bonuses. The Borrower shall not pay any bonuses, salaries, management fees or other forms of compensation to its employees or to its Affiliates other than the amounts set forth in Schedule 5.10 and any salary increases or bonus thereafter made in the normal and ordinary course of business.
Salaries and Bonuses. (i) From the Effective Date through 31 December 2007, you will be paid a monthly Fee/SOB Salary of $41,666.67, which annualizes to $500,000, payable at the end of each month, minus deductions required by law. You will not be paid a Management Salary during this period. In addition to your Fee/SOB Salary and subject to subparagraph (c) below:
Salaries and Bonuses. Schedule 2 (BB) hereto contains a true and complete list of all current officers, directors and employees of the Company and of its Subsidiaries who received during the fiscal year ended June 30, 1996 remuneration from the Company or from any of its Subsidiaries in excess of $25,000, together with the current aggregate base salary rate for each such person.
Salaries and Bonuses. Schedule 2(z) hereto contains a true and complete list of all current officers, directors and employees of the Company and of its Subsidiaries who received during the fiscal year ended December 31, 1997 remuneration from the Company or from any of its Subsidiaries in excess of $50,000, together with the current aggregate base salary rate for each such person.
