Aggregate Compensation Sample Clauses
The Aggregate Compensation clause sets a maximum limit on the total amount of compensation or damages that one party may be required to pay under a contract. In practice, this clause applies to all claims arising from the agreement, regardless of the number or type of incidents, and may specify a fixed monetary cap or a formula based on contract value. Its core function is to allocate risk and provide financial certainty by preventing unlimited liability for either party.
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Aggregate Compensation. The Board of Directors shall be the final arbiters of any compensation determined in accordance with the procedures outlined herein and in Exhibit A. During the last quarter of each fiscal year, the Executive Committee, with the advice of the Management Committee, in conjunction with recommending an annual operating plan to the Board of Directors, shall commence deliberations and determine recommendations concerning the aggregate amount of bonuses (if any) and the aggregate value of equity (if any) to be granted to all employees, based on their performance during said fiscal year, and the aggregate amount of base compensation to be payable to such employees for the coming fiscal year. These recommendations shall then be submitted to the Board of Directors for review and approval as part of the Company’s preliminary fiscal year plan.
Aggregate Compensation. The Board of Directors shall be the final arbiters of any compensation determined in accordance with the procedures outlined herein and in Exhibit A, Partners’ Compensation Program and shall have the discretion to alter the procedures as it deems appropriate. During the last quarter of each fiscal year, the CEO, with the advice of the Partner Compensation Committee, in conjunction with recommending an annual operating plan to the Board of Directors, shall commence deliberations and determine recommendations concerning the aggregate amount of cash bonuses (if any) and the aggregate value of equity (if any) to be granted to all employees, based on their performance during said fiscal year, and the aggregate amount of base compensation to be payable to such employees for the coming fiscal year. These recommendations shall then be submitted to the Board of Directors for review and approval as part of the Company’s fiscal year plan.
Aggregate Compensation. The Plan Administrator shall have complete authority to promulgate uniform rules regarding (1) aggregation of an Employee's Compensation earned during the Plan year with Compensation paid by any Employer or affiliate and (2) allocation of an Employee's Compensation to any Employer based on length of employment of the Employee with such Employer.
Aggregate Compensation. At the beginning of the last quarter of each fiscal year, the Area presidents and the Partner in charge of Human Resources will prepare and present to the WOC recommendations concerning the aggregate amount of bonuses (if any) and the aggregate number of stock options (if any) to be granted to all employees (other than members of the WOC), based on their performance during said fiscal year, and the aggregate amount of base compensation to be payable to such employees for the coming fiscal year. After review by the WOC, such recommendations will be submitted to the Management Compensation Committee and CEO for further review and revision in preparation for presentation to the Board of Directors of the Company and each of the Affiliates (as applicable) as described in Section 3.3 below.
Aggregate Compensation. For greater certainty, the compensation set out in this Agreement (including any payments, benefits or other entitlements which may be owing to the Executive pursuant to Article V below) represent the aggregate of all compensation to which the Executive is entitled from the Corporation or any of its Affiliates, including for any services as an employee, officer or director. In the discretion of the Corporation, payment of such compensation or benefits may be provided to the Executive by the Corporation or by any of its Affiliates; provided that, in any event, the Corporation shall be responsible for any failure of any such Affiliate to pay or provide to the Executive any compensation or benefit set out in this Agreement.
Aggregate Compensation. At the beginning of the last quarter of each fiscal year, the CEO and the Management Committee shall commence deliberations and determine recommendations concerning the aggregate amount of bonuses (if any) and the aggregate number of stock options (if any) to be granted to all employees, based on their performance during said fiscal year, and the aggregate amount of base compensation to be payable to all employees for the coming fiscal year. The CEO and the Management Committee shall send the recommendations to the Board of Directors of the Company and each of the Affiliates (as applicable).
Aggregate Compensation. Eibl shall receive aggregate compensation of $437,000 (the “Aggregate Compensation”) for his services hereunder during the Term, which shall be payable in equal semi-monthly installments pursuant to the Company’s regular payroll schedule, commencing on the first payroll date after April 4, 2003. Such payments shall be paid in a manner consistent with the Company’s payroll practices, and subject to normal withholding.