Salary and Annual Bonus. The Executive's cash compensation for all services to be rendered by him in any capacity hereunder shall consist of base salary as provided in Section 3(a) and bonus compensation as provided in Section 3(b).
Salary and Annual Bonus. During the period of the Executive's employment hereunder, the Company shall pay to the Executive an annual base salary at a rate not less than the rate in effect as of the date hereof or such higher rate as may from time to time be determined by the Board. This salary may be increased from time to time in accordance with normal business practices of the Company and, if so increased, shall not thereafter during the term of this Agreement be decreased. The Executive will participate in the Company's Annual Incentive Plan. In the event the Company amends or terminates the Annual Incentive Plan, the Company shall provide the Executive with an annual bonus program that will provide him with an opportunity to realize an annual bonus which is not less than the proportion of base salary which his target percentage under the Annual Incentive Plan represents at the time the Annual Incentive Plan is amended or terminated, which opportunity shall be reasonably comparable to the Executive's opportunity under the Annual Incentive Plan as of the date hereof. Compensation of the Executive by salary or bonus payments shall not be deemed exclusive and shall not prevent the Executive from participating in any other compensation or benefit plan of the Company. The salary and bonus payments (including any increased payments) hereunder shall not in any way limit or reduce any other obligation of the Company hereunder, and no other compensation, benefit or payment hereunder shall in any way limit or reduce the obligation of the Company to pay the Executive's salary or bonus hereunder.
Salary and Annual Bonus. The Employee shall be paid from the Retirement Benefit after the Expiration Date, or upon termination of employment for any reason if earlier. Employee shall be paid the annual Retirement Benefit on such terms as may be selected by the Employee for his life (and if selected by Employee, for the life of his surviving spouse with appropriate reduction in the annual payment to result in the same present value). If this Agreement terminates pursuant to the resignation of the Employee (other than for Resignation for Good Reason pursuant to Section 4.4) or pursuant to Section 4.3 (Termination for Cause) hereof, the then present value of Employee's Retirement Benefit as set forth in this Section 3.1(d) will be reduced by a percentage equal to the percentage of the Employment Period remaining at the time of termination. The reduction described in the preceding sentence shall not occur in any circumstance other than such a resignation or Termination for Cause. The Retirement Benefit payable to Employee under this Section 3.1(d) shall be in addition to (and shall not be offset by) any benefit payable from any retirement or deferred compensation plan maintained by the Company or previously maintained by CitFed or its affiliates.
Salary and Annual Bonus. For all services performed by you in connection with your employment, and subject to your continued employment, you will receive the compensation set forth on Schedule A hereto. Equity Contingent upon the date of Closing of the Amalgamation (as such terms are defined in the Amalgamation Agreement), you will be granted an option as described on Schedule A hereto. The terms and conditions of the outstanding shares of China MobileSoft, Ltd. held by you and the options to acquire shares of China MobileSoft, Ltd. previously granted to you will be set forth in their entirety in the Lock Up and Retention Agreement provided to you under separate cover.
Salary and Annual Bonus. The Company will pay you at the annualized salary rate of Seven Hundred Thousand Dollars ($700,000) per year, payable in accordance with the Company’s normal payroll schedule and subject to required withholdings. You will be eligible to participate in the Company’s annual cash incentive plan for Fiscal 2018 (July 1, 2017 to June 30, 2018) with a target bonus of 140% of annual base salary (pro-rated for your months of service as Executive Chairman in Fiscal 2018)), of which 120% will be based on the Company’s financial performance goals and 20% will be based on individual performance goals, in each case as determined by the Board.
Salary and Annual Bonus. Your starting salary (“Base Salary”) will be $750,000 per year, paid semi-monthly. You will continue to be eligible to participate in the R1 annual cash incentive bonus plan (“Annual Bonus Plan”) with an annual bonus target equal to 100% of your Base Salary. The bonus is discretionary and will be earned each calendar year based upon achievement of corporate and individual performance objectives established for that calendar year.
Salary and Annual Bonus. MDI will pay Executive (i) an annual salary of $350,000, plus (ii) annual bonus payments. The Board shall adopt a formal annual bonus plan (the "Plan") no later than one month following the Effective Date that will provide for the payment of an annual cash bonus to be paid to Executive during the Term, based upon the achievement of financial, operational and managerial goals mutually agreed to by Executive and the Board (the "Bonus"). Such objectives will be weighted according to their importance. Objectives and weightings may be revised by mutual consent of Executive and the Board during the Term if warranted by changes in economic conditions, accounting regulations or other unforeseen circumstances. Upon successful achievement of the agreed upon goals, the Bonus will equal a defined percentage of Executive's then-current salary. Initially, the Plan shall consist of the EXHIBIT 10.4 objectives and weightings set forth in Exhibit A, which is attached hereto and incorporated by reference herein. The level of Executive's performance will be measured by the Board based on a thorough review of Executive's performance vis-a-vis the established objectives, taking into consideration extraordinary events that may have either positively or negatively impacted on the Executive's ability to achieve such objectives. The Bonus will be paid no later than 30 days following each anniversary of the Effective Date during the Term.
Salary and Annual Bonus. Company shall continue to pay Executive his base salary, at the rate in effect on the Retirement Date, through December 31, 1998. Such payments shall be made in accordance with Company payroll practices as in effect from time to time and such payments shall be reduced by customary withholding for taxes and applicable deductions. Company shall also pay Executive an annual bonus for 1998, in lieu of the bonus provided for in section 4.(a) of the "Employment Agreement" as defined below, in an agreed amount of $800,000, within 90 days after delivery of Company's annual financial statements by Company's independent auditors. Except as otherwise provided in this Agreement, Executive acknowledges that the payments to be made 2 pursuant to this paragraph are in full satisfaction of all wages, benefits and other compensation owed by Company for employment or service through the Retirement Date. For purposes of this Paragraph 2. A. and subject to any contrary order or judgment of a court of competent jurisdiction, the payments, if any, payable under this Paragraph 2. A. subsequent to Executive's death shall be paid to the beneficiary or beneficiaries, designated by Executive (with such designation to be made in accordance with procedures established by Company) to receive such payments upon his death, or if Executive fails to designate such beneficiary or beneficiaries, to the executor or administrator of Executive's estate, or to Executive's heirs at law if there is no administration of Executive's estate. The rights of Executive and his estate, beneficiaries or heirs shall be solely those of an unsecured creditor of Company, and nothing in this Agreement gives Executive, his estate, beneficiaries or heirs any right, title or interest in or to any specific assets, funds, reserve, account or property of any kind whatsoever owned by Company or in which Company has or may have any right, title or interest.
Salary and Annual Bonus. An amount equal to the sum of (x) the Executive's Termination Salary (as defined below), multiplied by a fraction, the numerator of which is the number of months (counting partial months as full months) from the Termination Date through the Expiration Date and the denominator of which is twelve, and (y) his Annualized Bonus."
Salary and Annual Bonus. As base compensation for the services rendered hereunder to the Company, Executive shall be paid an annual base salary of $375,000, payable in accordance with the Company's standard payroll practices as in effect from time to time. The Board's Compensation Committee will review the base salary amount annually. In addition, beginning in fiscal 2005, Executive's target annual bonus opportunity will be $375,000, with $250,000 of that first year's bonus guaranteed. The bonus criteria, and the actual amount of any annual bonus (other than the first year's guaranteed amount), shall be determined by the Board of Directors Compensation Committee. The Board's Compensation Committee will review the bonus annually in accordance with the Company's Management Bonus Plan, as in effect from time to time.
