Director Compensation Petitioner shall not compensate members of the Charter School’s Governing Board in excess of reasonable expenses incurred in connection with actual attendance at board meetings or with performance of duties associated therewith.
Compensation Benefits and Expenses During the term of Executive's employment with the Company, Executive shall receive an annual base salary of not less than One Million Two Hundred Fifty Thousand Dollars ($1,250,000) ("Annual Base Salary"), which shall be paid in accordance with the customary payroll practices of the Company. In addition, Executive shall be entitled to receive an annual bonus ("Annual Bonus") of up to One Million Two Hundred Fifty Thousand ($1,250,000) upon achievement of performance criteria as shall be established by the Board. Notwithstanding the above, it is expected that Executive's Annual Base Salary and Annual Bonus target will be increased by the Board upon the consummation of the transactions contemplated by the Agreement and Plan of Reorganization and Merger among Aurora Foods Inc. and Crunch Equity Holding, LLC, dated as of November 24, 2003 (collectively, the "Aurora Transaction"), in light of Executive's additional duties and responsibilities as a result of the Aurora Transaction. The Board will consider such increases at or immediately following the consummation of the Aurora Transaction. (i) During the term of Executive's employment with the Company, Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other executives of the Company and the Operating Company ("Investment Plans"). (ii) During the term of Executive's employment with the Company, Executive and his family shall be eligible for participation in and shall receive all benefits under, welfare benefit plans, practices, policies and programs applicable generally to other executives of the Company and the Operating Company, including but not limited to comprehensive medical and dental coverage, disability and basic and supplemental life insurance ("Welfare Plans"). (iii) Except to the extent that such are changed pursuant to a general change in benefits applicable generally to other executives of the Company and the Operating Company, during the term of Executive's employment with the Company, the Company shall continue to provide Executive with at least the same benefits provided to Executive by the Company and the Operating Company prior to the Effective Date including, without limitation, the provision of a company car of Executive's choice comparable to that previously provided, club membership, tax/accounting services, office rent and secretarial support ("Other Benefits"). (iv) During the term of Executive's employment with the Company, Executive shall be entitled to receive prompt reimbursement for all reasonable expenses associated with performing the duties hereunder in accordance with the policies, practices and procedures of the Company ("Reimbursable Expenses"). (v) During the term of Executive's employment with the Company, Executive shall be entitled to paid vacation and paid holidays in accordance with the plans, policies, programs and practices of the Company for its executive officers.
PROFESSIONAL COMPENSATION A. The basic salaries of teachers covered by this Agreement are set forth in Appendix B which is attached to and incorporated in this Agreement. Such salary schedule shall remain in effect during the designated periods. B. All teachers shall be given a maximum of five (5) years credit on the Salary Schedule set forth in Appendix B for full years of outside teaching experience in any school district in the State of Michigan or other teaching experience in a school district accredited by a recognized accrediting agency. All teachers not at the top of the salary schedule and presently employed effective this salary contract date will be placed on the updated salary schedule. There shall be no retroactivity prior to effective contract date. C. A teacher’s hourly rate is to be determined by dividing his/her annual regular salary by the number of days he/she is contracted divided by the number of hours for which he/she works per day. D. Teachers involved in voluntary extra duty assignments as set forth in Appendix B-1 which is attached to and incorporated in this Agreement shall be compensated in accordance with the provisions of this Agreement without deviation. (Floats shall not be assigned to a teacher.) E. Teachers required in the course of their work to drive personal automobiles from one (1) school building to another shall receive a car allowance at current board rate. Teachers who are regularly assigned to work in more than one (1) building are entitled to a stipend of one-hundred dollars ($100) per year, to be paid at the end of the school year. Bargaining unit members who previously received mileage for traveling between buildings will continue to receive the mileage allowance. F. All teachers may elect to have their pay in twenty-one (21) or twenty-six (26) installments. After the first pay a teacher may not change their election of either the twenty-one (21) or twenty-six (26) pay installment. G. Once every school year during the September open enrollment period, each teacher will be given the choice of his/her check being directly deposited into any bank accounts or credit union accounts of his/her choice for that school year.