Cash Compensation Clause Example with 5 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. 2.1Base Salary. The Board (or the Compensation Committee thereof) may review Executive's Base Salary for adjustment from time to time. 2.2Bonus. Executive will be eligible to be considered for a discretionary annual performance bonus of up to 50% of the Base Salary, based on achievement of individual and/or corporate performance targets, metrics and/or objectives to be determined and approved by the Board or the Compensation Committee thereof, including pursuant to an annual incentive plan or si...milar plan approved by the Board, if any. Any such bonus would be paid after the close of the fiscal year and after determination by the Board (or the Compensation Committee thereof) of (i) the level of achievement of the applicable individual and corporate performance targets, metrics and/or objectives and (ii) the amount of the annual incentive compensation earned by Executive (if any). No annual incentive compensation is guaranteed and, in addition to the other conditions for earning such compensation, Executive must remain an employee in good standing of the Company on the annual incentive compensation payment date in order to be eligible for any annual incentive compensation. The Board (or the Compensation Committee thereof) may review Executive's annual performance bonus amount for adjustment from time to time.View More
Variations of a "Cash Compensation" Clause from Business Contracts
Cash Compensation. 2.1Base 2.1 Base Salary. For services to be rendered hereunder, Executive shall receive a base salary at the rate of $450,000 per year (the "Base Salary"), less standard payroll deductions and withholdings and payable in accordance with the Company's regular payroll schedule. The 1 Board (or the Compensation Committee thereof) may review Executive's Base Salary for adjustment from time to time. 2.2Bonus. 2.2 Signing Bonus. The Company shall pay Executive a lump sum cash signing bonus of $100,000....00 (the "Signing Bonus"), less payroll deductions and withholdings, within 30 days of the Start Date. If Executive's employment with the Company ceases due to a termination with Cause or Executive's resignation for other than Good Reason (as such terms are defined below) at any time within the first 12 months following the Start Date, Executive shall be required to repay the Signing Bonus to the Company within 30 days of such termination. If Executive's employment with the Company ceases due to a termination with Cause or Executive's resignation for other than Good Reason at any time after the first 12 months and before the first 24 months following the Start Date, Executive shall be required to repay 50% of the Signing Bonus to the Company within 30 days of such termination. 2.3 Annual Target Bonus. Executive will be eligible to be considered for a discretionary annual performance bonus of up to 50% of the Base Salary, based on achievement of individual and/or corporate performance targets, metrics and/or objectives to be determined and approved by the Board or the Compensation Committee thereof, including pursuant to an annual incentive plan or similar plan approved by the Board, if any. Any such bonus would be paid after the close of the fiscal year and after determination by the Board (or the Compensation Committee thereof) of (i) the level of achievement of the applicable individual and corporate performance targets, metrics and/or objectives and (ii) the amount of the annual incentive compensation earned by Executive (if any). No annual incentive compensation is guaranteed and, in addition to the other conditions for earning such compensation, Executive must remain an employee in good standing of the Company on the annual incentive compensation payment date in order to be eligible for any annual incentive compensation. The Board (or the Compensation Committee thereof) may review Executive's annual performance bonus amount for adjustment from time to time. View More
Cash Compensation. 2.1Base 2.1 Base Salary. For services to be rendered hereunder, Executive shall receive a base salary at the rate of $350,000 per year (the "Base Salary"), less standard payroll deductions and withholdings and payable in accordance with the Company's regular payroll schedule. The Company's Board (or the Compensation Committee thereof) of Directors (the "Board") may review Executive's Base Salary for adjustment from time to time. 2.2Bonus. time and it is expressly acknowledged and agreed that fol...lowing the initial public offering of the Company's common stock and listing of the Company's common stock on a national securities exchange (and regularly thereafter), the Board will review 1. Executive's total compensation, including Base Salary, target and maximum bonus amounts and equity compensation, with the advice of an independent compensation consultant and publicly-traded peer group company data. 2.2 Bonus. Executive will be eligible to be considered for a discretionary annual performance bonus of up to 50% 40% of the Base Salary, based on achievement of individual and/or corporate performance targets, metrics and/or objectives to be determined and approved by the Board or the Compensation Committee thereof, including pursuant to an annual incentive plan or similar plan approved by the Board, if any. thereof. Any such bonus would be paid after the close of the fiscal year and after determination by the Board (or the Compensation Committee thereof) of (i) the level of achievement of the applicable individual and corporate performance targets, metrics and/or objectives and (ii) the amount of the annual incentive compensation earned by Executive (if any). No annual incentive compensation is guaranteed and, in addition to the other conditions for earning such compensation, Executive must remain an employee in good standing of the Company on the annual incentive compensation payment date in order to be eligible for any annual incentive compensation. The Board (or the Compensation Committee thereof) may review Executive's annual performance bonus amount for adjustment from time to time.View More
Cash Compensation. 2.1Base 2.1 Base Salary. For services to be rendered hereunder, Executive shall receive a base salary at the rate of $400,000 per year (the "Base Salary"), less standard payroll deductions and withholdings and payable in accordance with the Company's regular payroll schedule. The Board (or the Compensation Committee thereof) may review Executive's Base Salary for adjustment from time to time. 2.2Bonus. time and it 1. is expressly acknowledged and agreed that following the initial public offering... of the Company's common stock and listing of the Company's common stock on a national securities exchange (and regularly thereafter), the Board will review Executive's total compensation, including Base Salary, target and maximum bonus amounts and equity compensation, with the advice of an independent compensation consultant and publicly-traded peer group company data. 2.2 Bonus. Executive will be eligible to be considered for a discretionary annual performance bonus of up to 50% 40% of the Base Salary, based on achievement of individual and/or corporate performance targets, metrics and/or objectives to be determined and approved by the Board or the Compensation Committee thereof, including pursuant to an annual incentive plan or similar plan approved by the Board, if any. thereof. Any such bonus would be paid after the close of the fiscal year and after determination by the Board (or the Compensation Committee thereof) of (i) the level of achievement of the applicable individual and corporate performance targets, metrics and/or objectives and (ii) the amount of the annual incentive compensation earned by Executive (if any). No annual incentive compensation is guaranteed and, in addition to the other conditions for earning such compensation, Executive must remain an employee in good standing of the Company on the annual incentive compensation payment date in order to be eligible for any annual incentive compensation. The Board (or the Compensation Committee thereof) may review Executive's annual performance bonus amount for adjustment from time to time.View More
Cash Compensation. 2.1Base 2.1 Base Salary. For services to be rendered hereunder, Executive shall receive a base salary at the rate of $103,000 per year (the "Base Salary"), less standard payroll deductions and withholdings and payable in accordance with the Company's regular payroll schedule; provided that, from and after the earlier to occur of (i) the initial public offering of the Company's common stock pursuant to a firmly underwritten offering and registered with the US Securities and Exchange Commission an...d (ii) the date on which the Company or the parent or a subsidiary of the Company is subject to the reporting requirements of Section 13 and Section 15(d) of the U.S. Securities Exchange Act of 1934, as amended (such earlier date, the "Public Company Date"), Executive's Base Salary shall be increased to $115,900 per year. The Company's Board of Directors (the "Board") (or the Compensation Committee thereof) may review Executive's Base Salary for adjustment from time to time. 2.2Bonus. 1 2.2 Bonus. Executive will be eligible to be considered for a discretionary annual performance bonus of up to 50% 25% of the Base Salary, based on achievement of individual and/or corporate performance targets, metrics and/or objectives to be determined and approved by the Board or the Compensation Committee thereof, including pursuant to an annual incentive plan or similar plan approved by the Board, if any. any; provided that, from and after the Public Company Date, such percentage shall be increased to 40%. Any such bonus would be paid after the close of the fiscal year and after determination by the Board (or the Compensation Committee thereof) of (i) the level of achievement of the applicable individual and corporate performance targets, metrics and/or objectives and (ii) the amount of the annual incentive compensation earned by Executive (if any). No annual incentive compensation is guaranteed and, in addition to the other conditions for earning such compensation, Executive must remain an employee in good standing of the Company on the annual incentive compensation payment date in order to be eligible for any annual incentive compensation. The Board (or the Compensation Committee thereof) may review Executive's annual performance bonus amount for adjustment from time to time. View More
Cash Compensation. 2.1Base Salary. For services to be rendered hereunder, Executive shall receive a base salary at the rate of $365,000 per year (the "Base Salary"), less standard payroll deductions and withholdings and payable in accordance with the Company's regular payroll schedule. The Company's Board of Directors (the "Board'') (or the Compensation Committee thereof) may review Executive's Base Salary for adjustment from time to time. 2.2Bonus. Executive will be eligible to be considered for a discretionary a...nnual performance bonus of up to 50% 40% of the Base Salary, based on achievement of individual and/or corporate performance targets, metrics and/or objectives to be determined and approved by the Board or the Compensation Committee thereof, including pursuant to an annual incentive plan or similar plan approved by the Board, if any. Any such bonus would be paid after the close of the fiscal year and after determination by the Board (or the Compensation Committee thereof) of (i) the level of achievement of the applicable individual and corporate performance targets, metrics and/or objectives and (ii) the amount of the annual incentive compensation earned by Executive (if any). No annual incentive compensation is guaranteed and, in addition to the other conditions for earning such compensation, Executive must remain an employee in good standing of the Company on the annual incentive compensation payment date in order to be eligible for any annual incentive compensation. The Board (or the Compensation Committee thereof) may review Executive's annual performance bonus amount for adjustment from time to time. View More
