Compensation and Benefit Clause Samples

The Compensation and Benefit clause defines the salary, wages, and additional benefits that an employee is entitled to receive from their employer. It typically outlines the structure of payment, such as base salary, bonuses, commissions, and may also specify benefits like health insurance, retirement plans, or paid leave. This clause ensures both parties have a clear understanding of the financial and non-financial rewards associated with the employment, reducing the risk of disputes over pay and benefits.
Compensation and Benefit. The Company shall pay Executive the compensation and other amounts set forth below: a. The Company shall pay Executive an annual salary of $60,000.00, payable in equal installments according to the Company's regular payroll practices and subject to such deductions as may be required by law.
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Compensation and Benefit. Professional Compensation Page 20 5.3 Insurance Protection Page 21 5.4 Extra-Curricular Compensation --Schedule B Page 24
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Compensation and Benefit. Plans Section 3.10(b)....
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Compensation and Benefit. During the term of this Agreement, ▇▇▇▇ shall be receiving the following compensation and benefits:
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Compensation and Benefit. Programs (continued)
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Compensation and Benefit. 1. Woík Yeaí: a. S"mmcí Clcíical KaQ píioí to fiíst I⭲-Scí:icc KaQ (1) b. I⭲-Scí:icc KaQs (4) c. I⭲stí"ctio⭲al KaQs (175) 2. Houís of EmploQmc⭲t: Sckool Bcgi⭲ ľimc E⭲d ľimc
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Compensation and Benefit. You shall receive the salary stated in this Agreement together with the benefits set out in this Agreement. In addition, you may receive employee benefits according to the Company’s applicable corporate policies. You understand that unless otherwise required by law, any such benefit (including, without limitation, any bonus, motor vehicle or motor vehicle allowance, medical benefit, health or life assurance or pension plan) may be varied, enlarged, or diminished by the Company in its sole discretion from time to time on notice in writing. Certain benefits provided by the Company will be taxable benefits and liable to income tax at rates specified by the Inland Revenue. If you need further information or advice on this or any other tax issue, you should take independent advice.
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Compensation and Benefit. Plan Events Section 2.11(l)............................................ Foreign Plans Section 2.11(m)............................................ Post Effective Time Amendments Section 2.11(p)............................................ Limitations on Amendments and Terminations Section 2.12............................................... Labor and Employment Matters Section 2.13............................................... Environmental Laws and Regulations Section 2.14(b)............................................ Delinquent or Inaccurate Tax Returns Section 2.14(c)............................................ All Taxes Paid Section 2.14(d)............................................ Tax Claims Section 2.14(e)............................................
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Compensation and Benefit 
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Related to Compensation and Benefit

  • Compensation and Benefits During the Employment Period, Executive shall receive the following compensation and benefits: (a) An annual base salary which is not less than his or her annual base salary immediately prior to the Effective Date. During the Employment Period, Executive's annual base salary shall be reviewed at least annually and shall be increased from time to time consistent with increases in annual base salary awarded in the ordinary course of business to other executives and key employees. Any increase in annual base salary shall not limit or reduce any other obligation to Executive under this Agreement. Hibernia shall not reduce Executive's annual base salary during the Employment Period without Executive's consent. (b) A bonus (either pursuant to a bonus or incentive plan or program of Hibernia or otherwise) in cash at least equal to the product of the average of the bonus payout ratio1 for the three years (or such shorter period as Executive has been employed by Hibernia) prior to the Effective Date (expressed as a fraction) times the target bonus for the year in question (such bonus is hereinafter sometimes referred to as the "Employment Period Bonus"). For purposes of this paragraph (b), the parties acknowledge and agree that the bonus payout ratio is the percentage of Executive's target bonus for the year(s) in question which was actually awarded to Executive in the year(s) in question. The annual bonus shall be payable within 60 days after the end of each fiscal year. (c) Notwithstanding anything in paragraph (b) above to the contrary, however, Executive shall not be entitled to an Employment Period Bonus with respect to any year for which no bonuses have been or will be paid to any officer eligible to receive a bonus from Hibernia. It is expressly understood and agreed by the parties hereto that any bonus, regardless when paid, that is paid to any officer of Hibernia that relates to a year to which an Employment Period Bonus is otherwise required to be paid, shall require the payment of an Employment Period Bonus to Executive. (d) Executive shall be eligible to participate and to continue existing participation in any and all incentive compensation plans of Hibernia which provide opportunities to receive compensation in addition to annual base salary and cash bonus on the same terms and conditions as other executives and key employees of Hibernia. (e) Executive shall be entitled to participate in salaried employee benefit plans of Hibernia and receive perquisites on the same terms and conditions as other executives and key employees of Hibernia. (f) Executive shall be entitled to continue to accrue credited service for retirement benefits and receive retirement benefits under and pursuant to the terms of any qualified retirement plan of Hibernia or supplemental executive retirement plan of Hibernia in effect on the Effective Date, on the same terms and conditions as other executives and key employees of Hibernia.

  • Other Compensation and Benefits Except as may be provided under this Agreement, any benefits to which Executive may be entitled through the date of Executive’s termination pursuant to the plans, policies and arrangements referred to in Section 4(d) shall be determined and paid in accordance with the terms of such plans, policies and arrangements, and except as otherwise provided by this Agreement, Executive shall have no right to receive any other compensation, or to participate in any other plan, arrangement or benefit, with respect to future periods after such termination or resignation.