Supplemental Compensation Agreement Sample Clauses

Supplemental Compensation Agreement. On 19 August 2016, Zhongwang Fabrication and CRED Holding entered into a supplemental agreement to the Compensation Agreement (the “Supplemental Compensation Agreement”). Under the Supplemental Compensation Agreement, both parties agreed to certain principal terms as follows:
Sample 1
AutoNDA by SimpleDocs
Supplemental Compensation Agreement. This supplemental compensation agreement is made and entered into this 1 day of April, 2001, by and between The Wet Seal, Inc., a Delaware corporation ("Wet Seal"), Xxxxx Xxxxxxxxx ("Xxxxxxxxx"), and specifies compensation that will be paid to Employee in addition to the compensation specified in the Service Agreement dated December 30, 1998, as amended, between Wet Seal and Xxxxxxxxx. In consideration of Xxxxxxxxx'x continued employment with the Wet Seal, the Wet Seal agrees to pay all interest relating to outstanding loan balances on a $2,000,000 line of credit, to be arranged by Xxxxxxxxx at her convenience and liability, relating to the construction of Xxxxxxxxx'x personal residence beginning March 1, 2001, and ending when the line of credit is converted by Xxxxxxxxx into a mortgage on her personal residence. Thereafter, the Wet Seal agrees to pay interest on $2,000,000 of the mortgage loan balance on Xxxxxxxxx'x personal residence through the month of March, 2006, or the end of Xxxxxxxxx'x employment, whichever is sooner. The Wet Seal will make the payments specified in this agreement on a monthly basis based upon documents produced by the lending institutions issuing the line of credit and mortgage loan discussed in the preceding paragraph. Executed by the Wet Seal and Xxxxxxxxx on the dates set forth as written above.
Sample 1

Related to Supplemental Compensation Agreement

  • Compensation; Employment Agreements; Etc Enter into or amend or renew any employment, consulting, severance or similar agreements or arrangements with any of its directors, officers or employees or those of its subsidiaries or grant any salary or wage increase or increase any employee benefit (including incentive or bonus payments), except (1) for normal individual increases in compensation to employees (other than executive officers or directors) in the ordinary course of business consistent with past practice, (2) for other changes that are required by applicable law and (3) to satisfy Previously Disclosed contractual obligations.

  • Compensation; Employment Agreements 18 5.15 Noncompetition, Confidentiality and Nonsolicitation Agreements; Employee Policies.................................................. 18 5.16

  • Amendment to Employment Agreement The Employment Agreement is hereby amended as follows:

  • Supplemental Retirement Plan During the Contract Period, if the Executive was entitled to benefits under any supplemental retirement plan prior to the Change in Control, the Executive shall be entitled to continued benefits under such plan after the Change in Control and such plan may not be modified to reduce or eliminate such benefits during the Contract Period.

  • Benefits of Agreement; Assignment The terms and provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, assigns, representatives, heirs and estate, as applicable. This Agreement shall not be assignable by ALPS without the express written consent of the Trust. Any purported assignment in violation of the immediately preceding sentence shall be void and of no effect.

  • Supplemental Retirement Benefits The terms and conditions for the payment of supplemental retirement benefits are set forth in a separate written agreement between the parties.

  • Severance Agreement Any payments of compensation made pursuant to Articles 4 and 5 are contingent on Executive executing the Company’s standard severance agreement, including a general release of the Company, its owners, partners, stockholders, directors, officers, employees, independent contractors, agents, attorneys, representatives, predecessors, successors and assigns, parents, subsidiaries, affiliated entities and related entities, and on Executive’s continued compliance with Section 6. Executive must execute the standard severance agreement and release within 45 days of being provided with the document to sign or the severance agreement offer will expire.

  • Severance Agreements In the event any Newco Group Employee is eligible for severance benefits on account of a termination of employment on or after the Effective Time, Newco shall require such employee, as a condition of receiving severance benefits, to agree in writing to a release of existing claims and confidentiality and non-solicitation provisions in favor of Newco, Vornado, and JBG, in a form substantially the same as Schedule 7.2(b); provided that for a Newco Group Employee who is subject to an individual employment or severance agreement or arrangement, the release of claims shall be as set forth in such individual employment or severance agreement or arrangement.

  • Post-Agreement Employment In the event the Executive remains in the employ of the Company or any of its Affiliates following termination of this Agreement, by the expiration of the Term or otherwise, then such employment shall be at will.

Time is Money Join Law Insider Premium to draft better contracts faster.