Position and Salary Sample Clauses

The Position and Salary clause defines the employee's job title, role, and the compensation they will receive for their work. It typically specifies the starting salary, pay frequency, and may outline eligibility for bonuses or raises. By clearly stating these terms, the clause ensures both parties understand the employment expectations and compensation, reducing the risk of misunderstandings or disputes regarding pay and job responsibilities.
Position and Salary. During the term of this Agreement, Employee shall be employed by the Board in the capacity of the President of ▇▇▇▇▇▇▇-▇▇▇▇ College of the City Colleges of Chicago. In this capacity Employee shall serve as an Officer of the District as set forth in the Board Bylaws of the City Colleges of Chicago, Section 2.3. Employee agrees that as a condition of employment he will reside within the City of Chicago during the term of his employment.
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Position and Salary. 3.1 During the term of this Agreement, Employee shall be employed by the Board in the capacity of the President of ▇▇▇▇▇▇▇ ▇ College of the City Colleges of Chicago. In this capacity Employee shall serve as an Officer of the District as set forth in the Board Bylaws of the City Colleges of Chicago, Section 2.3. Employee agrees that as a condition of employment he will reside within the City of Chicago during the term of his employment. 3.2 During the term of this Agreement, and in consideration of the Employee’s services as President of ▇▇▇▇▇▇▇ ▇ College, Employee shall be paid an annual salary of $200,000.00 (“Base Compensation”), payable in accordance with the payroll policies of the City Colleges of Chicago. Employee shall be entitled to four (4) weeks of vacation annually during the term of his employment.
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Position and Salary. During the term of this Agreement, Employee shall be employed by the Board in the capacity of the President of ▇▇▇▇▇▇▇ ▇.
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Position and Salary. Job Title : President, Global Adhesives ----------------------------------------------------------------------- Pay Grade : 38 ----------------------------------------------------------------------- Base Salary : 583,482 DM ----------------------------------------------------------------------- Bonus : Target 40% Superior 60% ----------------------------------------------------------------------- ▇▇▇▇▇▇ administration will be according to German practice and policy and will remain on the US/German fiscal year basis. Your salary will be up for review during the regular merit review period in the US during November/December of each year. Your next PPA review is November 2001. All salary increases will be based on German salary increase guidelines. A portion of your salary will be paid in local currency and a portion paid to you in the US in US dollars. The exchange rate will be updated on a US fiscal year quarterly basis.
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Position and Salary. In your capacity as Chief Scientific Officer you will report to the Chief Executive Officer of Adynxx (the “CEO”). Your annual base salary will be $266,990, subject to standard payroll deductions and withholdings. You will also be eligible to participate in any tax qualified or other benefit plans that may be offered by the Company. The Company currently makes an annual contribution to each employee’s 401(k) retirement plan equal to three percent (3%) of each such employee’s annual base salary. Your target annual bonus will be thirty percent (30%) of your annual base salary, subject to standard payroll deductions and withholdings. The amount of your awarded bonus, which may be above or below the target amount based on Company and your individual performance, will be based upon achievement of milestones to be mutually agreed upon between you and the CEO. Bonus payments, if any, will be paid as soon as practicable following the determination by the Board of Directors of Adynxx (the “Board”) that the bonus has been earned, but in no event after the later of (i) March 15 following the calendar year in which such bonuses are earned or (ii) the 15th day of the 3rd month following the close of Adynxx’s fiscal year in which such bonuses are earned.
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Position and Salary. 2.1 The details concerning the position and salary have been established in Appendix no. 1 to this employment contract, which is an integral part of the present employment contract.
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Position and Salary. In your capacity as Chief Medical Officer you will report to the Chief Executive Officer of Adynxx (the “CEO”). Your annual base salary will be $296,117, subject to standard payroll deductions and withholdings. You will also be eligible to participate in any tax qualified or other benefit plans that may be offered by the Company. The Company currently makes an annual contribution to each employee’s 401(k) retirement plan equal to three percent (3%) of each such employee’s annual base salary (in your case, currently equal to $8,883 per annum). Your target annual bonus will be thirty-five percent (35%) of the sum of your annual base salary plus any annual Company contribution to your 401(k) retirement plan, subject to standard payroll deductions and withholdings. The amount of your awarded bonus, which may be above or below the target amount based on Company and your individual performance, will be based upon achievement of milestones to be mutually agreed upon between you and the CEO. Bonus payments, if any, will be paid as soon as practicable following the determination by the Board of Directors of Adynxx (the “Board”) that the bonus has been earned, but in no event after the later of (i) March 15 following the calendar year in which such bonuses are earned or (ii) the 15th day of the 3rd month following the close of Adynxx’s fiscal year in which such bonuses are earned.
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Position and Salary. During the term of this Agreement, Employee shall be employed by the Board in the capacity of the
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Related to Position and Salary

  • Compensation and Billing 6.1 The Provider shall seek payment only from DRS for the provision of Medical services except as provided in paragraphs 6.3. The payment from DRS shall be limited to the amounts referred to in paragraph 6.2. 6.2 DRS agrees to pay the Provider's billed charge for each procedure or the fee set by DRS for that procedure, whichever is less. DRS shall have the right to categorize what shall constitute a procedure. DRS and the beneficiary’s financial liability shall be limited to the procedures allowable as determined by DRS, paid by applying appropriate coding methodology, whether the Provider has billed appropriately or not. 6.3 The Provider agrees to accept the payment from DRS as full and complete payment for services for recipients of public assistance. If the patient is a recipient of Medical Assistance, Rehabilitation Services only, payment from the Department shall represent payment in full except the Provider may collect an amount not to exceed that shown on DRS Form DRS-C-100, Medical services Authorization. 6.4 MS-MA-r, Notification of Eligibility Status for Medical Services or DHS Form MS-S-4, Notification of Eligibility Status for Medical Services for Persons Under 21 Years of Age, or Medical Services Authorization, VR-A-302-A. 6.5 The Provider shall bill DRS on forms acceptable to DRS within 1 year of providing the Medical services. The Provider shall use current CPT codes with appropriate modifiers and ICD or DSM diagnostic codes, when applicable. The Provider shall furnish, upon request at no cost, all information, including Medical records, reasonably required by DRS to verify and substantiate the provision of Medical services and the charges for such services if the beneficiary and the Provider are seeking reimbursement through DRS. 6.6 DRS shall reimburse the Provider within thirty (30) days of receipt of ▇▇▇▇▇▇▇▇ that are accurate, complete and otherwise in accordance with Article VI of this Contract. DRS will not be responsible for delay of reimbursement due to circumstances beyond DRS’ control. 6.7 The Provider agrees to release all Provider liens for which payment has been made for Title XIX by DRS and notify DRS. However, this provision does not affect the Provider’s entitlement to file a lien or liens for non-pre-authorized services. 6.8 DRS shall have the right at all reasonable times and, to the extent permitted by law, to inspect and duplicate all Medical and billing records relating to Medical services rendered to beneficiaries at no cost to DRS or the beneficiary. 6.9 The Provider shall refund within 30 days of discovery to the beneficiary any overpayments made by the beneficiary.

  • 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.

  • REMUNERATION AND BENEFITS 3.1 Manitoba shall pay to Employee as remuneration for her services, within the Executive Assistant to the Minister (EXM) classification, a basic annual salary of $58,271 payable in equal bi-weekly installments of $2,233.73, at the accepted regular Manitoba Civil Service pay periods, pro-rated where necessary for any shorter period. 3.2 Manitoba shall make: (a) all deductions required in respect of Income Tax, Canada Pension Plan, Employment Insurance; and (b) any other deductions required to be made from payments to Employee, whether in accordance with any applicable laws or statutes, or otherwise; and (c) any deductions requested by Employee and agreed to by Manitoba. 3.3 The remuneration to Employee shall be adjusted at such times as salary adjustments are made in the salary range of excluded employees in the employ of Manitoba. 3.4 Employee shall be considered as an employee for purposes of The Civil Service Superannuation Act. 3.5 Employee is entitled to participate fully in the group benefit programs that have been or may be established for the employees of Manitoba including its programs relating to group insurance, long-term disability, and health benefits programs, comparable to those provided to civil servants. Employee will be eligible to participate in the group benefit programs after the waiting periods established by Manitoba. The waiting periods commence on the effective date as per section 1.1. 3.6 Employee, with the approval of Manitoba, is eligible to receive other benefits normally granted to employees employed by Manitoba.

  • 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.

  • Base Salary and Benefits (a) During the Employment Period, the Company shall pay Executive an annual base salary of $535,600 (the “Base Salary”). As used herein, references to “Base Salary” shall include all subsequent increases in annual base salary during the Employment Period. The Base Salary shall be payable in regular installments in accordance with the Company’s general payroll practices (as in effect from time to time). (b) In addition to the Base Salary, during the Employment Period, Executive will be eligible to earn an annual bonus under a bonus plan to be established by the Company, payable in accordance with the Company’s customary practices, as determined by the Board, in its sole discretion based upon the Company’s achievement of budgetary and other objectives set by the Board; provided that, in determining the amount of the annual bonus, if any, to be paid to Executive, the Board shall, in determining whether the Company has achieved the budgetary and other goals set by the Board, disregard any payments by the Company and its subsidiaries to Onex (as defined below) and affiliates. (c) During the Employment Period, Executive shall be entitled to participate in all of the Company’s employee benefit programs for which senior executives of the Company and its subsidiaries are generally eligible. Without duplication of any employee benefits provided to all senior executives of the Company and its subsidiaries, the Company shall reimburse Executive for the annual premium cost of $1 million of term life insurance coverage purchased by Executive on his life, up to a maximum of Eleven Thousand Dollars ($11,000) per year. (d) During the Employment Period, the Company shall (without duplication of any employee benefits provided to Executive pursuant to other provisions of this Agreement) reimburse Executive for all reasonable business expenses incurred by him in the course of performing his duties and responsibilities under this Agreement which are consistent with the Company’s policies in effect from time to time with respect to travel, entertainment and other business expenses, subject to the Company’s requirements with respect to reporting and documentation of such expenses. (e) All amounts payable or otherwise provided to Executive pursuant to this Agreement shall be subject to all applicable withholding and deduction obligations.