Wages or Salary Sample Clauses

The 'Wages or Salary' clause defines the compensation an employee will receive for their work, typically specifying the amount, frequency, and method of payment. This clause may detail whether the pay is hourly, weekly, or salaried, and can include information about overtime, bonuses, or deductions. Its core function is to ensure both parties have a clear understanding of payment terms, thereby preventing disputes and ensuring compliance with applicable labor laws.
Wages or Salary. The Family and Medical Leave Act provides only for unpaid leave; and employer is not required to pay the employee while on statutory family or medical leave. As noted in Part VII above, however, under some circumstances there may be substitution of accrued paid leaves.
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Wages or Salary. Salary: · Car Allowance: · Reimbursement of Business Expenses:
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Wages or Salary. Salary: Your salary will be $10,000,00 per month, less all statutory and other deductions required from time to time (the "Base Salary"). Your Base Salary will be paid in twice monthly installments. As a person whose principal employment responsibilities consist of supervising or directing human or other resources and the application of specialized knowledge and professional judgment, you acknowledge that your Base Salary and other compensation as set out in this Agreement represents compensation for all hours worked by you in performance of your duties. Accordingly no additional overtime wages or compensation will be paid to you. · Car Allowance: In addition to your Base salary you will be paid a monthly car allowance of $600.00 to cover business use of your personal vehicle. · Reimbursement of Business Expenses: Smartcool will reimburse you for all reasonable and necessary travel and business expenses incurred by you in the performance of your duties under this Agreement. You will be required to account for such expenses by submitting a signed statement itemizing such expenses prepared in accordance with Smartcool's expense policy. You will have an opportunity to earn an annual bonus in an amount to be determined by the Board of Directors of Smartcool in its sole discretion. The payment of such a bonus shall remain at Smartcool's absolute discretion and can at any time be abolished for the current and/or for future years. Payment of any bonus, in one or several years, shall not entitle you to a future bonus;
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Related to Wages or Salary

  • 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.

  • Accrued Salary On the Separation Date, the Company will pay you all accrued salary 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.

  • 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.

  • 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.