COMPENSATION AND PERFORMANCE Sample Clauses

The COMPENSATION AND PERFORMANCE clause defines how an individual or entity will be remunerated and the standards or metrics by which their work will be evaluated. Typically, this clause outlines the payment structure, such as salary, bonuses, or commissions, and specifies the performance criteria or targets that must be met to receive certain compensation. By clearly establishing both the financial terms and the expectations for performance, this clause helps prevent disputes and ensures that both parties understand the basis for payment and evaluation.
COMPENSATION AND PERFORMANCE. Contractor shall be compensated as described in attached Appendices. Unless otherwise set forth therein, Contractor shall begin services on the effective date of this Agreement, and shall complete services no later than the dates or timeframes described in the Appendices, or as mutually agreed in writing by the parties.
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COMPENSATION AND PERFORMANCE. Review (a) As a result of the Company's current limited available cash, the Employee agrees to receive no compensation until the company generates a profit, after all expenses.
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COMPENSATION AND PERFORMANCE. REVIEW A. During the twelve (12) month term of employment commencing September 1, 2009, a base salary of $352,300/year payable bi-weekly pursuant to Minn-Dak’s current payroll program.
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COMPENSATION AND PERFORMANCE. Review (a) As a result of the Company's current limited available cash, the Employee agrees to receive compensation based solely on incentive performance of revenues/profits generated by the employee.
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COMPENSATION AND PERFORMANCE. ‌ 13.1 The hourly wages and salaries provided herein shall constitute the entire regular compensation attributable to the performance of the duties and responsibilities of the position. Certain unit positions are expected to be available to assist in the Town's response to weather related and other conditions which require service outside of the normal work day. Certain positions are also expected to meet certain deadlines in the performance of this work and to appear before boards, commissions, and committees outside the normal work day. Such positions shall continue to perform such work in the same manner and to the same extent as prior to execution of this Agreement and shall perform such work if needed even if said work did not occur prior to this Agreement unless such work is clearly over and above, outside and unrelated to his/her duties and responsibilities of the position. The parties have agreed to amend Article 13 Classification Plan and Pay Rates accept pay scales for FY2023 (July 1, 2022- June 30, 2023), FY2024 (July 1, 2023- June 30, 2024) and FY2025 (July 1, 2024- June 30, 2025) provided as Appendix A. The scales reflect the new classification and compensation plan plus Cost-of-Living increases of 3% for FY2023, 2.5% for FY2024 and 2.5% for FY2025. Retroactive payment under this agreement shall only be made to employees active as of the date of ratification and funding and employees who have retired in good standing since July 1, 2022. Each member of the bargaining unit shall be placed in their appropriate grade at the step with the rate closest to and not less than their current step on the Before COLA" pay scales. Once that step is determined, they will be placed into that step within the Year 1 (Fiscal Year 2023) Scale that includes COLA. Employees will maintain their existing anniversary date for the purposes of step increases (either their hire date or reclassification date, whichever came later), and employees who were already at a step 6 as of July 1, 2023 on the previous Classification Plan will now have an anniversary date of July 1. The parties further agree that each member of the bargaining unit including the removed Health & Conservation Agent, shall receive a one-time, non-base building payment of $625.00 payable upon full ratification of this agreement. 13.1.1 The hourly wages and salaries set forth in Appendix A represent hourly wages and salaries to be paid to individuals holding the listed positions; including additional com...
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COMPENSATION AND PERFORMANCE. This Project includes both FP Work Streams and T&M Work Streams, which will be performed under and governed by separate Task Orders. The basis upon which compensation will be paid by Client to Contractor for the Services performed under a Task Order shall be set forth in each Task Order.
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Related to COMPENSATION AND PERFORMANCE

  • Payment and Performance The Borrower will pay all amounts due under the Loan Documents in accordance with the terms thereof and will observe, perform and comply with every covenant, term and condition expressed or implied in the Loan Documents. The Borrower will cause each other Loan Party to observe, perform and comply with every such term, covenant and condition in any Loan Document.

  • Continuity of Service and Performance Unless otherwise agreed in writing, the Parties shall continue to provide service and honor all other commitments under this Agreement during the course of a Dispute with respect to all matters not subject to such Dispute.

  • Payment and Performance Bond Prior to the execution of this Contract, City may require Contractor to post a payment and performance bond (Bond). The Bond shall guarantee Contractor’s faithful performance of this Contract and assure payment to contractors, subcontractors, and to persons furnishing goods and/or services under this Contract.

  • Capacity and Performance (a) During the Term, the Executive shall be employed by Company on a full-time basis as its Chief Executive Officer. Executive shall perform such duties and responsibilities as directed by the Board of Directors of the Company (the “Board”), consistent with Executive’s position on behalf of Company. (b) Executive shall devote his full business time, attention, skill, and best efforts to the performance of his duties under this Agreement and shall not engage in any other business or occupation during the Term of Employment, including, without limitation, any activity that: (x) conflicts with the interests of the Company or any other member of the Company Group, (y) interferes with the proper and efficient performance of Executive’s duties for the Company, or (z) interferes with Executive’s exercise of judgment in the Company’s best interests. Notwithstanding the foregoing, nothing herein shall preclude Executive from: (i) serving, with the prior written consent of the Board, as a member of the Board of Directors or Advisory Board (or the equivalent in the case of a non-corporate entity) of a noncompeting for-profit business and one or more charitable organizations, (ii) engaging in charitable activities and community affairs, and (iii) managing Executive’s personal investments and affairs; provided, however, that the activities set out in clauses (i), (ii), and (iii) shall be limited by Executive so as not to materially interfere, individually or in the aggregate, with the performance of his duties and responsibilities hereunder. (c) Executive’s employment with Company shall be exclusive with respect to the business of Company. Accordingly, during the Term, Executive shall devote Executive’s full business time and Executive’s best efforts, business judgment, skill and knowledge to the advancement of the business and interests of Company and the discharge of Executive’s duties and responsibilities hereunder, except for permitted vacation (and other paid time off) periods, reasonable periods of illness or incapacity, and reasonable and customary time spent on civic, charitable and religious activities, in each case such activities shall not interfere in any material respect with Executive’s duties and responsibilities hereunder. (d) During the Term, the Executive will report directly to the Board. (e) On the Effective Date, the Board shall appoint Executive as a director (Chairman of the Board) of Company and shall, during the Term, nominate and recommend Executive for election as a director. Executive acknowledges and agrees that Executive is not entitled to any additional compensation in respect of Executive’s appointment as a director of Company. If during the Term, Executive ceases to be a director of Company for any reason, Executive’s employment with the Company will continue (unless terminated under Section 5), and all terms of this Agreement (other than those relating to Executive’s position as a director of Company) will continue in full force, and effect and Executive will have no claims in respect of such cessation of office. Executive agrees to abide by all statutory, fiduciary or common law duties arising under applicable law that apply to Executive as a director of Company. (f) Executive shall be employed to perform his duties under this Agreement at the primary office location of Company, or at such other location or locations as may be mutually agreeable to Executive and Company (including reasonable provisions during the COVID-19 national public health emergency). Notwithstanding this, it is expected that the Executive shall be required to travel a reasonable amount of time in the performance of his duties under this Agreement.

  • Payment and Performance of Obligations Pay and perform all material Obligations under this Agreement and the other Loan Documents, and pay or perform (a) all taxes, assessments and other governmental charges that may be levied or assessed upon it or any of its property, and (b) all other indebtedness, obligations and liabilities in accordance with customary trade practices; except to the extent that IPT or the Borrower is contesting any item described in clauses (a) or (b) of this Section 7.5 in good faith and is maintaining adequate reserves with respect thereto in accordance with GAAP.