Cash Compensation Clause Example with 8 Variations from Business Contracts

This page contains Cash Compensation clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Cash Compensation. Your annual base salary will be $400,000, payable in accordance with the Company’s normal payroll practices (as such may be increased from time to time, the “Base Salary”), less any payroll deductions and withholdings as are required by law. You will initially be eligible to receive an annual cash bonus, with a target amount during each calendar year of the Company equal to 25% of the Base Salary (the “Target Bonus” and the actual amount awarded, the “Actual Bonus”), based upon the achievement o...f performance objectives established by the CEO and subject to the terms of the applicable bonus plan(s). For calendar year 2018, your Target Bonus shall be pro-rated for the number of days in the calendar year during the period between your Start Date and December 31, 2018; provided that in order to receive payment of any Actual Bonus, you must be employed by the Company on the last day of such calendar year to which such bonus relates and at the time bonuses are paid. Your Actual Bonus will be paid by the fifteenth day of the third month following your or the Company’s taxable year in which it is earned, whichever is later. View More
Found in Coursera, Inc. contract

Variations of a "Cash Compensation" Clause from Business Contracts

Cash Compensation. Your annual base salary will be $400,000, $350,000, payable in accordance with the Company’s normal payroll practices (as such may be increased from time to time, the “Base Salary”), less any payroll deductions and withholdings as are required by law. You will initially be eligible to receive an annual cash bonus, with a target amount during each calendar year of the Company equal to 25% 50% of the Base Salary (the “Target Bonus” and the actual amount awarded, the “Actual Bonus”), based upon the... achievement of performance objectives established by the CEO and subject to the terms of the applicable bonus plan(s). For calendar year 2018, 2020, your Target Bonus shall be pro-rated for the number of days in the calendar year during the period between your Start Date and December 31, 2018; 2020; provided that in order to receive payment of any Actual Bonus, you must be employed by the Company on the last day of such calendar year to which such bonus relates and at the time bonuses are paid. Your Actual Bonus will be paid by the fifteenth day of the third month following your or the Company’s taxable year in which it is earned, whichever is later. View More
Found in Coursera, Inc. contract
Cash Compensation. Your annual base salary will be $400,000, $350,000, payable in accordance with the Company’s normal payroll practices (as such may be increased from time to time, the “Base Salary”), less any payroll deductions and withholdings as are required by law. You will initially be eligible to receive an annual cash bonus, with a target amount during each calendar year of the Company equal to 25% 30% of the Base Salary (the “Target Bonus” and the actual amount awarded, the “Actual Bonus”), based upon the... achievement of performance objectives established by the CEO and subject to the terms of the applicable bonus plan(s). For calendar year 2018, 2020, your Target Bonus shall be pro-rated for the number of days in the calendar year during the period between your Start Date and December 31, 2018; 2020; provided that in order to receive payment of any Actual Bonus, you must be employed by the Company on the last day of such calendar year to which such bonus relates and at the time bonuses are paid. Your Actual Bonus will be paid by the fifteenth day of the third month following your or the Company’s taxable year in which it is earned, whichever is later. View More
Found in Coursera, Inc. contract
Cash Compensation. Your annual base salary will be $400,000, $325,000, payable in accordance with the Company’s normal payroll practices (as such may be increased from time to time, the “Base Salary”), less any payroll deductions and withholdings as are required by law. You will initially be eligible to receive an annual cash bonus, with a target amount during each calendar year of the Company equal to 25% of the Base Salary (the “Target Bonus” and the actual amount awarded, the “Actual Bonus”), based upon the ach...ievement of performance objectives established by the CEO and subject to the terms of the applicable bonus plan(s). For calendar year 2018, your Target Bonus shall will be pro-rated for the number of days in the calendar year during the period between your Start Date and December 31, 2018; provided that in order to receive payment of any Actual Bonus, you must be employed by the Company on the last day of such calendar year to which such bonus relates and at the time bonuses are paid. Your Actual Bonus will be paid by the fifteenth day of the third month following your or the Company’s Company’ s taxable year in which it is earned, whichever is later. View More
Found in Coursera, Inc. contract
Cash Compensation. Your annual base salary will be $400,000, $240,000, payable in accordance with the Company’s normal payroll practices (as such may be increased from time to time, the “Base Salary”), less any payroll deductions and withholdings as are required by law. You will initially be eligible to receive an annual cash bonus, with a target amount during each calendar year of the Company equal to 25% 20% of the Base Salary (the “Target Bonus” and the actual amount awarded, the “Actual Bonus”), based upon the... achievement of performance objectives established by the CEO and subject to the terms of the applicable bonus plan(s). For calendar year 2018, your Target Bonus shall be pro-rated for the number of days in the calendar year during the period between your Start Date and December 31, 2018; provided that in order to receive payment of any Actual Bonus, you must be employed by the Company on the last day of such calendar year to which such bonus relates and at the time bonuses are paid. Your Actual Bonus will be paid by the fifteenth day of the third month following your or the Company’s taxable year in which it is earned, whichever is later. View More
Found in Coursera, Inc. contract
Cash Compensation. Your annual base salary will be $400,000, Two Hundred Eighty Five Thousand Dollars ($285,000), payable in accordance with the Company’s normal payroll practices (as such may be increased from time to time, the “Base Salary”), less any payroll deductions and withholdings as are required by law. You will initially be eligible to receive an annual cash bonus, with a target amount during each calendar year of the Company equal to 25% thirty percent (30%) of the Base Salary (the “Target Bonus” and th...e actual amount awarded, the “Actual Bonus”), based upon the achievement of performance objectives established by the CEO and subject to the terms of the applicable bonus plan(s). For calendar year 2018, 2017, your Target Bonus shall be pro-rated for the number of days in the calendar year during the period between your Start Date and December 31, 2018; 2017; provided that in order to receive payment of any Actual Bonus, you must be employed by the Company on the last day of such calendar year to which such bonus relates and at the time bonuses are paid. Your Actual Bonus will be paid by the fifteenth day of the third month following your or the Company’s taxable year in which it is earned, whichever is later. View More
Found in Coursera, Inc. contract
Cash Compensation. Your annual base salary will be $400,000, $300,000, payable in accordance with the Company’s normal payroll practices (as such may be increased from time to time, the “Base Salary”), less any payroll deductions and withholdings as are required by law. You will initially be eligible to receive an annual cash bonus, with a target amount during each calendar year of the Company equal to 25% 20% of the Base Salary (the “Target Bonus” and the actual amount awarded, the “Actual Bonus”), based upon the... achievement of performance objectives established by the CEO and subject to the terms of the applicable bonus plan(s). For calendar year 2018, In addition, for your Target Bonus shall be pro-rated for the number of days in the calendar year during the period between your Start Date and continuous service through December 31, 2018; provided that in 2018, you will receive a cash bonus of $100,000 (the “Recognition Bonus”), less applicable deductions and withholdings, payable when administratively feasible after January 1, 2019. In order to receive payment of any Actual Bonus or Recognition Bonus, you must be employed by the Company on the last day of such calendar year to which such bonus relates and at the time bonuses are paid. Your Actual Bonus will be paid by the fifteenth day of the third month following your or the Company’s taxable year in which it is earned, whichever is later. View More
Found in Coursera, Inc. contract
Cash Compensation. Your annual base salary will be $400,000, Four Hundred Thousand ($400,000) Dollars, payable in accordance with the Company’s normal payroll practices (as such may be increased from time to time, the “Base Salary”), less any payroll deductions and withholdings as are required by law. You will initially be eligible to receive an annual cash bonus, with a target amount during each calendar year of the Company equal to 25% of the Base Salary Two Hundred and Fifty Thousand ($250,000) Dollars (the “Ta...rget Bonus” and the actual amount awarded, the “Actual Bonus”), based upon the achievement of performance objectives established by the CEO Board and subject to the terms of the applicable bonus plan(s). For calendar year 2018, 2017, your Target Bonus shall be pro-rated for the number of days in the calendar year during the period between your Start Date and December 31, 2018; 2017 and your Actual Bonus for that calendar year shall be no less than $125,000; provided that in order to receive payment of any Actual Bonus, you must be employed by the Company on the last day of such calendar year to which such bonus relates and at the time bonuses are paid. paid, except as set forth in Sections 7(b) or 7(c). Your Actual Bonus will be paid by the fifteenth day of the third month following your or the Company’s taxable year in which it is earned, whichever is later. View More
Found in Coursera, Inc. contract
Cash Compensation. Your annual base salary will be $400,000, $350,000, effective as of January 1, 2018, and payable in accordance with the Company’s normal payroll practices (as such may be increased from time to time, the “Base Salary”), less any payroll deductions and withholdings as are required by law. law, provided that you will receive a lump-sum payment for the difference between your prior base salary and your new base salary, less any payroll deductions and withholdings as are required by law, for the per...iod from January 1, 2018 through June 30, 2018 You will initially be eligible to receive an annual cash bonus, with a target amount during each calendar year of the Company equal to 25% of the Base Salary (the “Target Bonus” and the actual amount awarded, the “Actual Bonus”), based upon the achievement of performance objectives established by the CEO and subject to the terms of the applicable bonus plan(s). For calendar year 2018, your Target Bonus shall be not be pro-rated for the number of days in the calendar year during the period between your Start Date and December 31, 2018; 2018 but shall instead be determined for the full calendar year period; provided that in order to receive payment of any Actual Bonus, you must be employed by the Company on the last day of such calendar year to which such bonus relates and at the time bonuses are paid. Your Actual Bonus will be paid by the fifteenth day of the third month following your or the Company’s taxable year in which it is earned, whichever is later. View More
Found in Coursera, Inc. contract