No Salary Clause Samples

The "No Salary" clause establishes that the individual or party subject to the agreement will not receive a salary or regular wage for their services or involvement. In practice, this means that compensation, if any, may be provided in other forms such as equity, commissions, or reimbursement of expenses, but not as a fixed periodic payment. This clause is commonly used in agreements with volunteers, founders, or advisors to clarify that no standard salary is expected, thereby preventing misunderstandings about compensation and ensuring all parties are aware of the financial terms.
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No Salary. The Executive agrees that he shall not be entitled to receive a salary during the term of this Agreement unless pursuant to an amendment hereto signed by the Executive and the Company. So long as the Executive remains a non-salaried employee, the Executive shall not receive any of the social insurance benefit required by the government.
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No Salary. In respect of the period during which the Employee fails to carry out his work contrary to his obligations, the Employer shall not owe him any salary, unless this CLA stipulates otherwise.
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No Salary. Except as set forth herein, or as subsequently agreed --------- to in writing, no Partner shall receive any salary, commission or fee for service rendered on behalf of the Partnership.
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No Salary. The General Partner shall receive no salary or other --------- compensation from the Partnership, but shall be entitled to its share of allocations and distributions made by the Partnership determined in the manner set forth herein.
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No Salary. 15 3.11 Loans to Divisional Companies...................... 15 ARTICLE 4:
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No Salary. Except upon the affirmative Vote of all Members, no --------- Member or Affiliate will be entitled to any salary or other form of compensation paid by the Company for services rendered to the Company. The foregoing prohibition will not apply to a Member's allocation of any Profits pursuant to Article 4 or receipt of any Distribution contemplated by this Agreement pursuant to Article 5 or Article 12.
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No Salary. For the performance of Employee's duties hereunder, the Company shall pay Employee no salary through July 31, 2005. Thereafter, Employee shall be entitled to receive an annual salary in the amount of $250,000 (the "Base Compensation").
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No Salary. 11 ARTICLE 4:
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Related to No Salary

  • Base Salary Executive will be paid an annual base salary, during the Term, in the amount set forth in Addendum A, as may be increased or decreased by Employer from time to time (“Base Salary”). The Base Salary shall be payable by Employer in regular installments in accordance with Employer’s general payroll practices (in effect from time to time). All amounts payable to Executive as compensation hereunder shall be subject to all required and customary withholding by Employer.

  • Salary No salary will be paid to a Member for the performance of his or her duties under this Agreement unless the salary has been approved in writing by a Majority of the Members.

  • 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.

  • Accrued Salary and Vacation On the Separation Date, the Company will pay you all accrued salary and all accrued and unused vacation earned through the Separation Date, subject to standard payroll deductions and withholdings. You will receive these payments regardless of whether or not you sign this Agreement.

  • 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.