Compensation Reduction Clause Samples

Compensation Reduction. Any material reduction in Executive’s Base Salary or Target Bonus opportunity;

Compensation Reduction. Notwithstanding any other ----------------------- provision of this Agreement to the contrary, if any payments or benefits made by Company to Executive hereunder or otherwise would be subject to the excise tax or taxes imposed by Section 4999 of the Code (collectively, the "Affected Amount"), such Affected Amount shall be reduced so that Executive shall be entitled to receive an Affected Amount with a "present value" (as determined for purposes of Section 280G of the Code) of not more in the aggregate than 2.99 times the Executive's applicable "base amount" under Section 280G of the Code (collectively, the "Limited Amount"); provided, however, that if the entire Affected Amount, when reduced by such excise tax or taxes, is greater than the Limited Amount, then no reduction shall be made under this Subsection. Unless the parties otherwise agree to in writing, any reduction under this Subsection shall be conclusively determined by the independent certified public accounting firm regularly employed by Company during the ninety (90) day period prior to the effective date of the event triggering the payment of the Affected Amount to Executive, and the determination of such independent certified public accounting firm shall be final and binding on all parties.

Compensation Reduction. Any reduction in Executive’s Base Salary or Target Bonus opportunity which is not comparable to reductions in the base salary or target bonus opportunity of other similarly situated executives of the Company;

Compensation Reduction. For each payroll period, a Participant’s Compensation shall be reduced by the portion of a Participant’s Flexible Compensation, which such Participant has elected to have contributed by the Company to the Trust Fund as a Section 401(k) Contribution (or such lesser amount determined by the Plan Administrator pursuant to Section 5.3(c)). A Participant’s Flexible Compensation for the payroll period in excess of such amount shall be paid to the Participant as cash compensation for the period.

Compensation Reduction. As a sanction, the DEPARTMENT or its AUTHORIZED AGENTS may recover past payments to the PROVIDER and/or reduce the compensation of the PROVIDER for past failure to fully and satisfactorily perform, and for any ongoing failure to fully and satisfactorily perform this AGREEMENT’s obligations. Imposition of such a penalty does not preclude the DEPARTMENT or its AUTHORIZED AGENTS from recouping or recovering payments as specifically provided in any other law, regulation or this AGREEMENT.

Compensation Reduction. My compensation provided for under this Agreement is materially reduced (other than any reduction resulting from the good faith application by the Compensation Committee of performance factors under the LTIP).

Compensation Reduction. The teacher's compensation shall not be reduced as a disciplinary action except as permitted by law. Prior to any such reduction, the teacher will be given a written notice of the reasons for the proposed reduction and, upon request, a hearing before the Board on the matter.

Compensation Reduction. A. If the contract is terminated early by reason of the happening of events 2.5 A, 1, 2, 3, 5, or 2.5 B, compensation shall end as of the date of termination. B. If the SUPERINTENDENT is disabled from providing services, compensation shall continue for the period of disability or until the Contract is terminated in accordance with 2.5 A, 4, provided, however, that if the SUPERINTENDENT shall receive disability benefits pursuant to one or more insurance policies paid for by the Board, compensation payments shall be reduced by the amount of any such disability benefits received by the SUPERINTENDENT. C. The Board is authorized to make such payroll deductions as may be required by law or as authorized by the SUPERINTENDENT. D. If the SUPERINTENDENT is paid compensation, which is in excess of compensation earned to the date of termination of employment, the SUPERINTENDENT agrees to reimburse the Board in an amount equal to such unearned compensation.

Compensation Reduction. 15.1 Before applying the Compensation Reduction set out below, the Supplier shall take all necessary efforts to achieve the Performance Guarantees. The Compensation Reduction shall only apply once it becomes clear that notwithstanding these efforts the Performance Guarantees cannot be reasonably achieved within the (6) six-month period in accordance with Section 8.2. Any non-compliance of the System included in Section 15.2 will only be compensated once in accordance with the Compensation Reduction set out below. 15.2 Non-compliance of the System with the Performance Guarantees, (i) following expiry of the (6) six-month period in accordance with Section 8.2, shall result in compensation by the Supplier in the form of a reduction of the final instalment of the Compensation of the respective System to be paid in accordance with Section 13.4, as follows (the “Compensation Reduction”): i. [***] 15.3 Non-compliance with the Performance Guarantees within the range set out above can only result in a Compensation Reduction and will not result in or be regarded as a Defect or Material Default and therefore can in no event be invoked nor lead to a termination or right of Rescission of the Agreement. Non-compliance with the Performance Guarantees under the range set out above shall result in a Compensation Reduction and Shall also result in or be regarded as a Defect or Material Default and therefore can be invoked or lead to termination or right of Rescission of the Agreement.