Common use of Increase in Compensation Clause in Contracts

Increase in Compensation. Any increase in excess of $5,000 per ------------------------ individual per year or $50,000 for all employees in the aggregate in the compensation, salaries or wages payable or to become payable to any employee or agent of Company (including, without limitation, any increase or change pursuant to any bonus, pension, profit sharing, retirement or other plan or commitment), or any bonus or other employee benefit granted, made or accrued;

Appears in 2 contracts

Sources: Stock Purchase Agreement (Wec Co), Stock Purchase Agreement (Wec Co)

Increase in Compensation. Any Except in the ordinary course of ------------------------ business and consistent with past practice, any increase in excess of Five Thousand Dollars ($5,000 5,000) per ------------------------ individual per year or Fifty Thousand Dollars ($50,000 50,000) for all employees in the aggregate in the compensation, salaries or wages payable or to become payable to any employee or agent of Company (including, without limitation, any increase or change pursuant to any bonus, pension, profit sharing, retirement or other plan or commitment), or any bonus or other employee benefit granted, made or accrued;

Appears in 1 contract

Sources: Asset Purchase Agreement (Wec Co)