Fixed remuneration Clause Samples
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Fixed remuneration. For the implementation of the mandate as manager in accordance with this Agreement, the annual remuneration, as of April 1, 2013 is set at EUR 158,826.00 This remuneration will be paid to the MANAGER in 12 equal monthly installments at the end of each calendar month. In the case of late payment, legally and without notice, a monthly interest equal to the legal interest rate for late payment in commercial transactions shall be indebted. In case of suspension of the execution of this agreement due to incapacity of the MANAGER for more than 30 consecutive calendar days, the payment of the remuneration provided for in this clause shall be suspended for the period following the 30th calendar day of disability until the date of resuming the activities. In addition to the fixed remuneration as provided for in the first paragraph of clause 5, the MANAGER is also entitled to
Fixed remuneration. (1) The Investee Company shall pay fixed remuneration for the participation at 6% each year. This is due and payable in two equivalent instalments on 30 June and 31 December each year.
Fixed remuneration. A separate international pay structure operates for expatriates and is called Expatriate Net Pay (ENP). An ENP worksheet is enclosed, and a detailed explanation of the methodology is included in the attachment. The ENP is calculated from your current home country total remuneration.
Fixed remuneration. 6.1.1 Particulars of the annual fixed guaranteed package for the period 1 September 2005 to 1 April 2006 pertaining to this position, are stipulated hereunder: Basic pensionable salary 2,144,137 Retirement fund – Telkom contribution 278,738 Other benefits* 1,273,913 TOTAL 3,696,788 *Other benefits consist of company contribution towards medical aid, motor car allowance and other cash benefits.
Fixed remuneration. The current fixed remuneration will be increased to EUR 250,000.00 gross with effect from the commencement of this Contract. Payment will be made in twelve equal monthly instalments, in each case at the end of each month, into the account of ▇▇ ▇▇▇▇ into which payments are currently made. The fixed remuneration and the other remuneration components will be deemed to fully compensate ▇▇ ▇▇▇▇ for his activity. Any overtime, based on the current individual regular weekly working hours of at least 40 hours, will also be deemed paid.
Fixed remuneration. A fixed remuneration of EUR 400,000.00 gross will be paid by ads-tec Energy GmbH with effect from beginning of this agreement for services rendered by ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ to ads-tec Energy GmbH. Payment will be in twelve equal monthly instalments, in each case at the end of the month, into the account of ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ into which payments are currently made, in USD or – if he chooses – in EUR. The fixed remuneration and the other remuneration components will be deemed to fully compensate ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ for his activity for company and - if applicable - its affiliates (other than in respect of any role undertaken on behalf of ads-tec Energy plc which is compensated by the remuneration arrangements set out in the Director Appointment letter.). Any overtime, based on the current individual regular weekly working hours of at least 40 hours, will also be deemed paid. This is in accordance with the recommendations of ▇▇▇▇▇ ▇▇▇▇▇.
Fixed remuneration. 21.1 From the beginning of the first full pay period following approval of this Agreement by a majority of Pilots who cast a valid vote, the following fixed remuneration structure will be implemented: Level Cruise Relief First Officer First Officer Captain
21.2 Fixed remuneration in the above table comprises annual base salary and 9% superannuation. For completeness, a table showing annual base salaries as provided by this Agreement is attached as Annexure B.
21.3 The above structure will work as follows:
(a) Existing Pilots will retain their existing fixed remuneration and then, from the beginning of the first full pay period following approval of this Agreement by a majority of Pilots who cast a valid vote, will increase to the Level 4 fixed remuneration in their rank.
(b) From the beginning of the first full pay period in each July thereafter, fixed remuneration for Existing Pilots will increase according to the next relevant fixed remuneration in their rank. These increases will continue each July (from the beginning of the first full pay period) until they obtain the highest level fixed remuneration in their rank.
(c) Subject to clause 21.3 (d), (e), (f) and (g), New Pilots will be paid the fixed remuneration at the start of the relevant rank when they commence work in that rank. They will then move to the next level in their rank on each anniversary thereafter (anniversary of when they commence work in their rank). These increases will continue each year until such time as they obtain the highest level fixed remuneration in their rank.
(d) Subject to clause 21.3 (e), (f) and (g), all Pilots (i.e. irrespective of whether they are Existing or New Pilots) who are promoted from one rank to another (e.g. First Officer to Captain) will be paid the fixed remuneration at the start of the relevant rank when they commence work in the new rank. They will then move to the next level in that rank on each anniversary thereafter (anniversary of when they commence work in the new rank). These increases will continue each year until such time as they obtain the highest level fixed remuneration in their rank
(e) All Training Captains and Training First Officers (i.e. irrespective of whether they were employed before or after the commencement of this Agreement) will be paid an amount that is 10% higher than their fixed remuneration. This allowance will be paid for all time spent performing Training duties and during periods of annual leave, sick leave or long service l...
Fixed remuneration. The agreed fixed remuneration will be charged annually in advance. In case a security has not been outstanding over an entire month, the remuneration is reduced respectively. Index Remuneration p.a Solactive US Buyback Total Market Index If this table does not contain a Customized Index no fixed remuneration is due.
Fixed remuneration. In return for performing his duties, the Management Board Member will receive a gross fixed annual salary of EUR 288,000 (in words: two hundred and eighty-eight thousand euros), which is payable in twelve equal monthly instalments as of the first day of each calendar month. [Translation from the German language]
Fixed remuneration. The Sole Director shall receive a fixed gross annual remuneration amounting to EUR 58,729 (hereinafter, “Fixed Remuneration”), which shall be paid in twelve (12) monthly instalments. The Fixed Remuneration is understood to refer to the full year, whereby the Sole Director shall receive the amounts accrued in proportion to the time of service rendered in the corresponding year and in any case from the entry into force of this Agreement. Notwithstanding the foregoing, as an exceptional and non-recurring remuneration, the Sole Director shall receive an amount of EUR 19,576.33 gross, which shall be paid, at the Company’s choice, either as a lump sum or pro rata during the first four months after the entry into force of this Agreement at a rate of EUR 4,894.08 gross per month.