Compensation Package Sample Clauses

Compensation Package. A. BASE SALARY: $84,000 per year with 7% annual increases payable in accordance with the Company's payroll policies.

Compensation Package. Employee’s compensation and any and all other rights of Employee under this Agreement are included in the following compensation package (the “Compensation Package”). This Compensation Package shall contain certain financial terms outlined in Schedule A and conditions addressed below (salary, health care, Company benefits and life and disability insurance, etc.).

Compensation Package. (a) The Company shall pay to the Employee, and the Employee agrees to accept, base salary of two hundred and fifty thousands dollars ($250,000) per year, payable in accordance with normal payroll policies of the Company and shall be subject to all usual and customary payroll deductions including all applicable withholding taxes. (b) The Employee's annual base salary increase over the prior year's base salary each year during the term hereof should be the sole discretion of the Company's Board of Directors based on Company and the Employee's performance.

Compensation Package. (a) The Executive's minimum annual salary during the Initial Term shall be $250,000 per annum payable by check in equal bi-weekly installments or in such other periodic installments as may be in accordance with the regular payroll policies of the Company as from time to time in effect, less such deductions or amounts to be withheld as shall be required by applicable law and regulations provided that for each subsequent year during the Term, the minimum salary shall be increased by ten percent (10%). (b) The Executive shall be entitled to participate in family medical/dental insurance, provided that the policy has standard co-insurance and deductible provisions. Should Executive desire to procure supplemental or alternative insurance policy or policies for himself and/or his family, the company will reimburse 75% of the cost thereof. (c) The Executive shall be entitled to four (4) weeks of paid vacation during the first year of the Initial Term and six (6) weeks of paid vacation during any subsequent year of the Term. In the event the Executive elects not to take all or any portion of his vacation, the Company will pay the Executive for each day of vacation not taken an amount of money equal to the quotient of the Executives's then current annual salary divided by 260. (d) The Executive shall participate in all profit sharing plans adopted by the company. Additionally, the Executive shall be entitled to receive an annual incentive bonus of Three Percent (3%) of net sales, defined as Gross Sales less any returns and /or allowances. The annual bonus shall be paid in cash within 30 days after the company files with the SEC its Annual Report on Form 10-K with respect to such year. The incentive bonus shall be pro-rated for partial years. (e) The Company shall provide the Executive with an automobile allowance of $1,500 per month. The Executive shall be responsible for all associated expenses relating to such automobile, including, without limitation, insurance, gas and repairs. (f) The Company shall pay or reimburse the Executive for all reasonable expenses actually incurred or paid by him in the performance of his duties hereunder, including travel and entertainment in accordance with Company policy and upon the presentation by the Executive of an itemized account of such expenditures. (g) The Executive shall be eligible to receive stock option grants under the Company's stock option plans in the discretion of the Company's Board of Directors or option committ...

Compensation Package. The cost of the unit members' salaries, health and welfare benefits, and of retirement benefits. Also to be considered are the costs of mandated benefits: STRS, Workers Compensation, Medicare, and Unemployment Compensation.

Compensation Package. During this employment term, Executive shall be entitled to the compensation package set forth in the offer letter to Executive from ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, dated February 15, 2008 (“Offer Letter”) PART B – SEVERANCE

Compensation Package. (a) The Executive's annual salary during the Initial Term shall be as hereinafter set forth below: July 1, 1997 through June 30, 1998 $ 85,000.00 July 1, 1998 through June 30, 1999 $ 92,500.00 July 1, 1999 through June 30, 2000 $100,000.00 (b) The Executive shall be entitled to participate in Company provided family medical/dental insurance plans, provided that the policy may have standard co- (c) The Executive shall be entitled to three (3) weeks of paid vacation during any year of the Term. (d) The Executive shall be eligible for an annual bonus in accordance with the Company's policy as in effect from time to time. (e) The Company shall provide the Executive with an automobile allowance of $400.00 per month. The Executive shall be responsible for all associated expenses relating to such automobile, including, without limitation, insurance, gas and repairs. (f) The Company shall pay or reimburse the Executive for all reasonable expenses actually incurred or paid by him in the performance of his duties hereunder, in accordance with Company policy and upon the presentation by the Executive of an itemized account of such expenditures. (g) The Executive shall be eligible to receive stock option grants under the Company's stock option plans in the discretion of the Company's Board of Directors or option committees under such plans. The Company will recommend to the Board or such committees a grant of a stock option to acquire 100,000 shares of the IFFC's common stock, par value $.01 per share (the "Common Stock"), at an exercise price per share equal to the current price of the Common Stock on the date of the grant, such options to be exercisable in whole or in part and cumulatively according to the following schedule, provided in each case that the Executive is an employee of the Company on the date of reference: (i) 20 percent 1 year after the effective date (ii) 60 percent 2 years after the effective date (iii) 100 percent 3 years after the effective date In no event shall this Option be exercised 10 years after this Option first becomes exercisable.

Compensation Package. Base Salary US $350,000 per annum; provided, that on April 1, 2023 and on each subsequent anniversary during the Term, your base salary shall increase by 2.5% from your most recent base salary (or such greater amount as determined by the CEO). Performance Bonuses For the fiscal year beginning April 1, 2022 and each fiscal year thereafter, ​ ​ ​ ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ (P) 212.675.0541 (F) 212.675.0514 ▇▇▇.▇▇▇▇▇▇▇▇▇-▇▇▇▇▇.▇▇▇ ​ ​ ​ you are eligible to receive an annual target bonus equal to 50% of your then current base salary (“Performance Bonus”), subject to your continued employment with Reservoir through the last day of the fiscal year to which the Performance Bonus relates. The Performance Bonus will be determined by the CEO in his or her sole and complete discretion based on achievement of specified company revenue and Adjusted EBITDA targets established by the CEO or the Board for the applicable fiscal year. In the event Reservoir terminates your employment without cause, you will be eligible for a pro rata portion of such Performance Bonus based on the number of days you were employed with Reservoir during such fiscal year up to the date of such termination. The Performance Bonus, if successfully earned, is typically paid in the month of May following the end of the respective fiscal ▇▇▇▇.▇▇ addition for each completed year commencing with the fiscal year ending March 31, 2023, subject to the approval of Reservoir’s Compensation Committee, you will be eligible to receive a grant of equity or equity based awards pursuant to the Plan and a related award agreement. The target amount of such award shall be equal to 50% of your base salary and may be subject to time and/or performance based vesting (including achievement of specified performance criteria as determined by the CEO or the Board).

Compensation Package. Please provide us with details about other aspects of the teacher’s compensation package. $ per: week two weeks month OR We do not pay any of the employee health insurance $ per: week two weeks month OR We do not pay any retirement amount Total compensation package: $ per year Number of paid teacher work days: OR Number of paid holidays: OR Number of paid annual leave days: OR Number of paid sick leave days: OR Number of paid general leave days: OR We do not provide paid work days We do not provide paid holidays We do not provide paid annual leave We do not provide paid sick leave We do not provide any paid leave herein has been verified and is reported correctly. Reported compensation includes only compensation for Durham PreK services. If I do not fully meet Durham PreK position requirements, I understand that I must successfully complete with a grade of “C” or better, 6 semester hours per fiscal year (July 1 - June 30) in order to maintain my position. Teacher Signature: Date: Administrator Signature: Date: The person who signs this document should read the text of the statutes listed below and consult with counsel and other knowledgeable persons before signing. ● The text of Article 2 of Chapter 64 of the North Carolina General Statutes can be found online at: ● The text of G.S. 143-48.5 can be found online at: The undersigned hereby certifies that: