Installment Sum Payment of Salary and Bonus Clause Samples

The "Installment Sum Payment of Salary and Bonus" clause establishes that an employee’s salary and any applicable bonuses will be paid in multiple scheduled installments rather than as a single lump sum. Typically, this means that the total annual salary and bonus amounts are divided and distributed at regular intervals, such as monthly or quarterly, throughout the employment period. This arrangement ensures predictable cash flow for the employee and helps the employer manage payroll expenses more efficiently, while also clarifying payment expectations and reducing the risk of disputes over compensation timing.
Installment Sum Payment of Salary and Bonus. Beginning within ------------------------------------------- ten (10) business days after a Qualifying Termination (or, if later, the last day of any period during which the Release may be revoked by Executive), the Company shall make twelve (12) equal monthly cash payments to Executive, subject to any mandatory tax withholding, equal to one-twelfth (1/12) times the sum of Executive's Annual Base Salary and Executive's Target Bonus.
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Related to Installment Sum Payment of Salary and Bonus

  • Base Salary and Bonus As compensation for the Executive's services under this Agreement, the Executive shall receive and the Company shall pay a weekly base salary set forth on Exhibit A. Such base salary may be increased but not decreased during the Term or Renewal Period in the Company's discretion based upon the Executive's performance and any other factors the Company deems relevant. Such base salary shall be payable in accordance with the policy then prevailing for the Company's executives. In addition to such base salary, the Executive shall be entitled during the Term or Renewal Period to a performance bonus set forth on Exhibit A and to participate in and receive payments from, at the Company's election, other bonus and other incentive compensation plans, if any, as may be adopted by the Company.

  • Salary and Bonus Awards of stock, stock options, and stock appreciation rights. Use the dollar amount recognized for financial statement reporting purposes with respect to the fiscal year in accordance with the Statement of Financial Accounting Standards No. 123 (Revised 2004) (FAS 123R), Shared Based Payments.

  • Payment of Salary Executive acknowledges and represents that the Company has paid all salary, wages, bonuses, accrued vacation, commissions and any and all other benefits due to Executive.

  • Basic Salary For all your services rendered under this Agreement, UO shall pay you a salary at an annual rate of no less than $450,000, or at such higher salary as may be determined by your performance review and the Executive Vice President, Human Resources, Legal & Business Affairs, UPR. Such higher salary shall subsequently be deemed the annual rate, commencing on such date as the Executive Vice President, Human Resources, Legal & Business Affairs, UPR may determine, for purposes of this Agreement.

  • Annual Salary Executive's compensation shall consist of an annual base salary (the "Annual Salary") of one hundred fifty thousand dollars ($150,000), before all customary payroll deductions. The Annual Salary shall be reviewed, and shall be subject to change, by the Board of Directors of Employer (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.