Base Salary and Employee Benefits Contract Clauses (46)

Base Salary and Employee Benefits. (a) Salary. You will be paid a base salary at the rate of $400,000 per year, less applicable payroll deductions and withholdings. Your base salary will be paid on the Company's ordinary payroll cycle. As an exempt salaried employee, you will be required to work the Company's normal business hours, and such additional time as appropriate for your work assignments and position, and you will not be entitled to overtime compensation. (b) Bonus. Should the Company adopt a written bonus plan applicabl...e to executives of the Company, you will be eligible to participate in such bonus plan pursuant to its terms. (c) Employee Benefits. As a regular full-time employee, you will continue to be eligible to participate in the Company's standard employee benefits offered to executive level employees, as in effect from time to time and subject to the terms and conditions of the benefit plans and applicable Company policies. A full description of these benefits is available upon request. The Company may change your compensation and benefits from time to time in its discretion. View More

Base Salary and Employee Benefits. You will receive for services to be rendered hereunder base salary paid at the rate of $600,000 per year, less standard payroll deductions and tax withholdings. Your base salary will be paid on the Company's ordinary payroll cycle. As an exempt salaried employee, you will be required to work the Company's normal business hours, and such additional time as appropriate for your work assignments and position, and you will not be entitled to overtime compensation.(b)Bonus. You will be eligible to pa...rticipate in the Company's executive bonus program, as such program may be in effect from time to time and subject to the bonus program terms as determined by the Company's Compensation Committee. The target bonus opportunity for your role under our 2022 fiscal year bonus plan is 50% of your base salary, prorated for time in role. (c)Signing Bonus. The Company will pay you a one-time signing bonus of $350,000 (the "Signing Bonus") in accordance with the following terms. The Signing Bonus will be paid on the Company's first regularly scheduled payroll date following your start date and, as it is considered taxable earnings, the Signing Bonus will be subject to applicable payroll deductions and tax withholdings. If you voluntarily terminate your employment with the Company without Good Reason (as defined below) prior to the second anniversary of your start date, you agree to reimburse the Company for a pro-rata portion of the Signing Bonus. You further agree to execute any documents that may be reasonably required by the Company at a later date to affect any such reimbursement.(d)Benefits. As a regular full-time employee, you will be eligible to participate in the Company's standard employee benefits offered to executive level employees, as in effect from time to time and subject to plan terms and generally applicable Company policies. Details about these benefit plans will be provided, upon request.3.Expenses. The Company will reimburse you for reasonable travel, entertainment or other expenses incurred by you in furtherance or in connection with the performance of your duties hereunder, in accordance with the Company's expense reimbursement policy as in effect from time to time. View More

Base Salary and Employee Benefits. (a) Salary. You will receive for services to be rendered hereunder base salary paid at the rate of $350,000 per year, less standard payroll deductions and tax withholdings. Your base salary will be paid on the Company's ordinary payroll cycle. As an exempt salaried employee, you will be required to work the Company's normal business hours, and such additional time as appropriate for your work assignments and position, and you will not be entitled to overtime compensation. (b) Benefits. As a regu...lar full-time employee, you will be eligible to participate in the Company's standard employee benefits (pursuant to the terms and conditions of the benefit plans and applicable policies), including but not limited to: paid holidays; paid sick time; vacation (provided that in no event will you be eligible to accrue more than four (4) weeks of vacation per year (accrued on a payroll-to-payroll basis as you perform work)) and other health and welfare benefits that the Company may make available to its full-time regular employees. Michael W. Dunne November 18, 2015 Page 2 3. Annual Bonus. Commencing with calendar year 2016, you will be eligible to earn an annual performance and retention bonus of up to forty percent (40%) of your base salary rate (the "Annual Bonus"). The Annual Bonus will be based upon the chief executive officer of the Parent (the "Parent CEO")'s assessment of your performance and the Company's attainment of written targeted goals as set by the Parent CEO in its sole discretion. Bonus payments, if any, will be subject to applicable payroll deductions and withholdings. Following the close of each calendar year, the Parent CEO will determine whether you have earned an Annual Bonus, and the amount of any such bonus, based on the achievement of such goals. No amount of Annual Bonus is guaranteed, and you must be an employee on the Annual Bonus payment date to be eligible to receive an Annual Bonus; no partial or prorated bonuses will be provided. The Annual Bonus, if earned, will be paid no later than March 15 of the calendar year after the applicable bonus year. View More

Base Salary and Employee Benefits. (a) Salary. You will receive for services to be rendered hereunder base salary paid at the rate of $429,200 per year, less standard payroll deductions and tax withholdings. Your base salary will be paid on the Company's ordinary payroll cycle. As an exempt salaried employee, you will be required to work the Company's normal business hours, and such additional time as appropriate for your work assignments and position, and you will not be entitled to overtime compensation. (b) Vacation. Your vaca...tion days will be in accordance with the Company's policy for Company executives. As with other Company policies, the vacation policy may be modified from time to time at the sole discretion of the Company. (c) Equity. The Company has previously granted to you the right to purchase and options to purchase shares of Class A Common Stock of the Company (the "Prior Awards"). Each of the Prior Awards will continue to be governed by the agreement and plan under which it was granted. On the Effective Date, you will be granted an option to purchase 16,916 shares of Class A Common Stock of the Company, at a per share price equal to the fair market value of the Class A Common Stock on the date of grant (the "Option"), in accordance with and pursuant to the Company's 2021 Equity Incentive Plan (the "Plan")Subject to acceleration, as applicable, this grant will have a four-year vesting schedule with vesting to start on the Effective Date ("Vesting Commencement Date"), with 25% of the shares vesting on the first anniversary of the Vesting Commencement Date and the remaining shares vesting in 36 equal monthly installments on each monthly anniversary of the first anniversary of the Vesting Commencement Date. (d) Benefits. As a regular full-time employee, you will be eligible to participate in the Company's standard employee benefits (pursuant to the terms and conditions of the benefit plans and applicable policies, as may be amended from time to time), all of which are described in summary plan descriptions and policies that will be available or provided to you by the Company. View More