SALARY, BENEFITS AND EXPENSES Sample Clauses
The 'Salary, Benefits and Expenses' clause defines the compensation, benefits, and reimbursement entitlements of an employee or contractor under an agreement. It typically outlines the base salary or wage, details any additional benefits such as health insurance or retirement plans, and specifies which work-related expenses will be reimbursed and the process for doing so. This clause ensures both parties have a clear understanding of the total compensation package and the financial responsibilities involved, thereby preventing misunderstandings and disputes over pay and benefits.
SALARY, BENEFITS AND EXPENSES. 4.1 The Company shall pay the Employee during the term of this Agreement a monthly salary of $14,166.66 (the "Salary"). Any salary or other compensation that the Employee receives from any other Group Company will, unless otherwise specifically agreed otherwise with the Employee at the time, be offset against the Salary receivable under this Agreement, thereby reducing the Salary payable under this Agreement by the net amount received from such other Group Company.
4.2 The Salary will:
(a) accrue from day to day and be payable in equal semi-monthly installments in arrears,
(b) be payable in lieu of any other fees or remuneration of any description which the Employee might be entitled to (or may in fact) receive from the Company or, any other Group Company or any other company or association in which the Employee holds office as a nominee or representative of the Company or any Group Company (and the Employee shall, at the discretion of the Board, either waive his right to any such fees or remuneration or deliver the same to the Company forthwith upon receipt); and
(c) be paid by credit transfer to the account nominated by the Employee from time to time.
4.3 In addition to the Salary payable to the Employee, the Employee will be eligible for an annual bonus, based on the Company's group bonus plan, as it may exist or be amended from time to time.
4.4 All payments to the Employee hereunder shall be subject to deduction for withholding taxes or other items required to be deducted by an employer pursuant to the laws of the country of which the Employee is a citizen or resident and/or in which he is rendering services, as applicable. The Employee hereby consents to the making of all such deductions and agrees to repay to the Company and/or any other Group Company as applicable, promptly upon demand any amount which the Company or such other Group Company, as the case may be, failed for any reason whatsoever to deduct from any payment made to the Employee.
4.5 The Employee shall be promptly reimbursed for all necessary and reasonable business expenses he incurs in the performance of his duties hereunder, including, without limitation, all business travel-related expenses.
4.6 Any benefits which may from time to time be provided to the Employee or his family which are not expressly referred to in this Agreement shall be provided on a discretionary basis only and, unless specifically agreed in writing, shall not form part of the Employee's terms and conditions of ...
SALARY, BENEFITS AND EXPENSES. 3.1 The Facility shall pay to the University % of the following amount, as reimbursement for the services provided by the University to the Facility pursuant to this Agreement:
(a) base salary in the amount of $ per annum; and
(b) the actual cost of staff benefits and pay levy (estimated to be approximately % of base annual salary);
(c) research/study leave credits with a value estimated at % of base annual salary; for each respective 12 month term of the Agreement, to be paid in accordance with section 3.2 of this Agreement. The parties agree that the amounts identified in section 3.1will be modified to reflect any subsequent adjustments to which the Secondee would otherwise be entitled as an employee of the University or by legislation provided that written notice to the Facility shall be given forthwith by the University.
3.2 The Facility shall pay to the University the amounts stipulated in section 3.1, in monthly installments, upon receipt of invoices therefor.
3.3 Arrangements respecting payment of expenses incurred shall be between the Facility and the Secondee. However, the Facility shall not be liable for any expenses incurred unless the Facility gives it prior written approval.
3.4 The University shall not be responsible for any expenses incurred by the Secondee in the course of providing services to the Facility pursuant to this Agreement.
3.5 With the exception of sick leave, any request by the Secondee for leave during the term of the Agreement (e.g. educational or vacation) shall require the prior approval of both the University and the Facility, which approval shall not be unreasonably withheld. The Facility shall maintain a record of any leave (e.g. sick, vacation, educational) granted to the Secondee in the course of providing services to the Facility. The Facility shall provide this record to the University on a monthly basis.
SALARY, BENEFITS AND EXPENSES. For all services rendered by the Executive under this Agreement, the Company shall pay the Executive compensation and fringe benefits as follows:
SALARY, BENEFITS AND EXPENSES. 2.1 CCMB shall pay to the University % of the following amount on account of the Secondee:
(a) base annual salary of $ ; and
(b) staff benefits and pay levy estimated as totaling % of base salary; for each respective twelve (12) month term of this Agreement as modified by any subsequent adjustments to which the Secondee would otherwise be entitled as an employee of the University or by legislation provided that written notice to CCMB shall be given forthwith by the University and the adjustment shall only be effective as of the date that notice is given to CCMB, or, where a retroactive adjustment needs to be made, on the date indicated by the University in the notice to CCMB. The notice referred to in this section shall be in the form attached hereto as Schedule “A”.
2.2 CCMB shall pay to the University the amount set out under section 2.1 in advance, in equal monthly installments, upon receipt of invoices therefor.
2.3 Subject to prior written consent by CCMB, on a case-by-case basis, CCBM shall pay expenses incurred by the Secondee as a result of this Agreement, including travel expenses. In no event shall the University be liable for any expenses incurred by the Secondee as a result of this Agreement.
2.4 CCMB agrees that, during the term of this Agreement, the Secondee shall receive the same vacations with pay and holidays as the Secondee would otherwise be entitled as an employee of the University.
SALARY, BENEFITS AND EXPENSES. 2.1 The University shall be responsible for continuing to pay salary and benefits to the Employee, and shall be responsible for continuing payroll deductions and remittances. On request by Manitoba, the University shall provide confirmation that all required deductions and remittances have been made.
2.2 Manitoba shall pay to the University the following amount on account of the Employee:
(a) base annual salary of $200,894.00;
(b) actual cost of staff benefits and pay levy estimated as totaling 22.15% of base annual salary; for each respective twelve month term of this Agreement (as modified by any subsequent adjustments to which the Employee would otherwise be entitled as an employee of the University or by legislation).
2.3 Manitoba shall pay to the University the amount set out under section 2.2, in advance, in equal monthly installments, upon receipt of invoices therefor.
2.4 Manitoba shall pay expenses incurred by the Employee for the purpose of providing the Services, including travel expenses. In no event shall the University be liable for any expenses incurred by the Employee as a result of this interchange.
2.5 Manitoba agrees that, during the term of this Agreement, the Employee shall receive the same vacations with pay and holidays as the Employee would otherwise be entitled to as an employee of the University. Leave will be arranged between the Employee and Manitoba, with Manitoba having the right to final approval of leave. Manitoba will supply the University with a record of leaves taken.
SALARY, BENEFITS AND EXPENSES. The Company shall pay the Employee during the term of this Agreement a monthly salary of $15,833.33 ($190,000 on an annualized basis) (the "Salary").
SALARY, BENEFITS AND EXPENSES. The Company shall pay the Employee for the proper performance of his duties under this Agreement a monthly salary of $37,500 (or $450,000 on an annualized basis) (the "Salary"). Any salary or other compensation that the Employee receives from any Designated Company in relation to a secondment will, unless otherwise specifically agreed otherwise with the Employee at the time, be offset against the Salary receivable under this Agreement, thereby reducing the Salary payable wider this Agreement by the amount received from the Designated Company 4.2 The Salary will: (a) accrue from day to day and be payable by equal monthly installments in arrears by not later than the last working day of each month, (b) be payable in lieu of any other fees or remuneration, except payments made pursuant to the MITI International Relocation Policy or any Agreement on relocation or secondment, of any description which the Employee might be entitled to (or may in fact) receive from the Company or, any other Group Company or any other company or association in which the Employee holds office as a nominee or representative of the Company or any Group Company (and the Employee shall, at the discretion of the Board, either waive his right to any such fees or remuneration or deliver the same to the Company forthwith upon receipt); (c) be paid by credit transfer to the account nominated by the Employee from time to time; and (d) be subject to set-off by the Company from time to time in respect of any liability of the Employee to the Company or any other Group Company, provided Employee is given notice in advance of such off-set and ample time to remedy the liability by other means.
SALARY, BENEFITS AND EXPENSES. 2.1 The Facility shall pay to the University % of the following amount on account of the Secondee:
(a) base annual salary of $ ;
(b) staff benefits and pay levy estimated as totaling % of base annual salary; and
(c) research/study leave credits with a value estimated at % of base annual salary; for each respective twelve month term of this Agreement (as modified by any subsequent adjustments to which the Secondee would otherwise be entitled as an employee of the University or by legislation).
2.2 The Facility shall pay to the University the amount set out under section 2.1, in advance, in equal monthly installments, upon receipt of invoices therefor.
2.3 The Facility shall pay expenses incurred by the Secondee for the purpose of providing the Services, including travel expenses. In no event shall the University be liable for any expenses incurred by the Secondee as a result of this secondment.
2.4 The Facility agrees that, during the term of this Agreement, the Secondee shall receive the same vacations with pay and holidays as the Secondee would otherwise be entitled to as an employee of the University.
SALARY, BENEFITS AND EXPENSES. Subject to Section 3.3, Manitoba shall pay to Winnipeg, as reimbursement for the services provided by Xxxxxxxxxx to Manitoba pursuant to this Agreement:
SALARY, BENEFITS AND EXPENSES. Subject to Section 3.3, Manitoba shall pay to the WRHA, as reimbursement for the services provided by Xx Xxxxxx to Manitoba pursuant to this Agreement: