Compensation and Related Matters Clause Example with 5 Variations from Business Contracts
This page contains Compensation and Related Matters 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.
Compensation and Related Matters. (a) Base Salary. The Company will pay you an initial base salary at the rate of $450,000 per year, payable in accordance with the Company’s standard payroll schedule for its U.S. executives and subject to applicable deductions and withholdings. Your base salary will be subject to periodic review and adjustments at the Company’s discretion. Your base salary in effect at any given time is referred to herein as the “Base Salary.” (b) Annual Bonus. You will initially be eligible to receive an annual... performance bonus targeted at 40% of your Base Salary and pro-rated based on your Start Date. The actual bonus amount is discretionary and will be determined by the Company. To earn an annual bonus, you must be employed by the Company as of the payment date of such bonus. Any annual bonus will be paid no later than March 15th of the calendar year following the calendar year to which such bonus relates. (c) Expenses. The Company will promptly reimburse you for all reasonable expenses incurred by you in performing services hereunder, in accordance with the policies and procedures then in effect and established by the Company for its U.S. executives. (d) Benefits/Paid Time Off. You will be eligible, subject to the terms of the applicable plans and programs, to participate in the employee benefits and insurance programs generally made available to the Company’s full-time U.S. employees. Details of such benefits programs, including mandatory employee contributions, if any, and waiting periods, if applicable, will be made available to you when such benefit(s) become available. You will be entitled to paid time off consistent with the terms of the Company’s paid time off policy for its U.S. executives, as in effect from time to time. The Company reserves the right to modify, amend or cancel any of its benefits plans or programs at any time.View More
Variations of a "Compensation and Related Matters" Clause from Business Contracts
Compensation and Related Matters. (a) Base Salary. The Company will pay you an initial base salary at the rate of $450,000 $412,000 per year, payable in accordance with the Company’s standard payroll schedule for its U.S. executives and subject to applicable deductions and withholdings. Your base salary will be subject to periodic review and adjustments increases at the Company’s discretion. Your base salary in effect at any given time is referred to herein as the “Base Salary.” (b) Annual Bonus. You will initially be eligible t...o receive an annual performance bonus targeted at 40% 50% of your Base Salary and pro-rated based on your Start Date. Salary. The actual bonus amount is discretionary and will be determined by the Company. Company’s Board of Directors. To earn receive an annual bonus, you must be employed by the Company as of December 31 of the payment date of year to which such bonus. bonus relates. Any annual bonus will be paid no later than March 15th of the calendar year following the calendar year to which such bonus relates. (c) Expenses. The Company will promptly reimburse you for all reasonable expenses incurred by you in performing services hereunder, in accordance with the policies and procedures then in effect and established by the Company for its U.S. executives. (d) Benefits/Paid Time Off. You will be eligible, subject to the terms of the applicable plans and programs, to participate in the employee benefits and insurance programs generally made available to the Company’s full-time U.S. employees. Details of such benefits programs, including mandatory employee contributions, if any, and waiting periods, if applicable, will be made available to you when such benefit(s) become available. You will be entitled to 25 days annually of paid time off consistent with the terms of the Company’s paid time off policy for its U.S. executives, as in effect from time to time. The Company reserves the right to modify, amend or cancel any of its benefits plans or programs at any time. View More
Compensation and Related Matters. (a) Base Salary. The Company will pay you an initial base salary at the rate of $450,000 $370,800 per year, payable in accordance with the Company’s standard payroll schedule for its U.S. executives and subject to applicable deductions and withholdings. Your base salary will be subject to periodic review and adjustments increases at the Company’s discretion. Your base salary in effect at any given time is referred to herein as the “Base Salary.” (b) Annual Bonus. You will initially be eligible t...o receive an annual performance bonus targeted at 40% of your Base Salary and pro-rated based on your Start Date. Salary. The actual bonus amount is discretionary and will be determined by the Company. Company’s Board of Directors. To earn receive an annual bonus, you must be employed by the Company as of December 31 of the payment date of year to which such bonus. bonus relates. Any annual bonus will be paid no later than March 15th of the calendar year following the calendar year to which such bonus relates. (c) Expenses. The Company will promptly reimburse you for all reasonable expenses incurred by you in performing services hereunder, in accordance with the policies and procedures then in effect and established by the Company for its U.S. executives. (d) Benefits/Paid Time Off. You will be eligible, subject to the terms of the applicable plans and programs, to participate in the employee benefits and insurance programs generally made available to the Company’s full-time U.S. employees. Details of such benefits programs, including mandatory employee contributions, if any, and waiting periods, if applicable, will be made available to you when such benefit(s) become available. You will be entitled to 20 days annually of paid time off consistent with the terms of the Company’s paid time off policy for its U.S. executives, as in effect from time to time. The Company reserves the right to modify, amend or cancel any of its benefits plans or programs at any time. View More
Compensation and Related Matters. (a) Base Salary. The Company will pay you an initial base salary at the rate of $450,000 $318,270 per year, payable in accordance with the Company’s standard payroll schedule for its U.S. executives and subject to applicable deductions and withholdings. Your base salary will be subject to periodic review and adjustments increases at the Company’s discretion. Your base salary in effect at any given time is referred to herein as the “Base Salary.” (b) Annual Bonus. You will initially be eligible t...o receive an annual performance bonus targeted at 40% of your Base Salary and pro-rated based on your Start Date. Salary. The actual bonus amount is discretionary and will be determined by the Company. Company’s Board of Directors. To earn receive an annual bonus, you must be employed by the Company as of December 31 of the payment date of year to which such bonus. bonus relates. Any annual bonus will be paid no later than March 15th of the calendar year following the calendar year to which such bonus relates. (c) Expenses. The Company will promptly reimburse you for all reasonable expenses incurred by you in performing services hereunder, in accordance with the policies and procedures then in effect and established by the Company for its U.S. executives. (d) Benefits/Paid Time Off. You will be eligible, subject to the terms of the applicable plans and programs, to participate in the employee benefits and insurance programs generally made available to the Company’s full-time U.S. employees. Details of such benefits programs, including mandatory employee contributions, if any, and waiting periods, if applicable, will be made available to you when such benefit(s) become available. You will be entitled to 20 days annually of paid time off consistent with the terms of the Company’s paid time off policy for its U.S. executives, as in effect from time to time. The Company reserves the right to modify, amend or cancel any of its benefits plans or programs at any time. View More
Compensation and Related Matters. (a) Base Salary. The Company will pay you an initial base salary at the rate of $450,000 $380,000 per year, payable in accordance with the Company’s standard payroll schedule for its U.S. executives and subject to applicable deductions and withholdings. Your base salary will be subject to periodic review and adjustments at the Company’s discretion. Your base salary in effect at any given time is referred to herein as the “Base Salary.” (b) Annual Bonus. You Commencing in calendar year 2021, you ...will initially be eligible to receive an annual performance bonus targeted at 40% of your Base Salary and pro-rated based on your Start Date. The actual bonus amount is discretionary and will be determined by the Company. To earn an annual bonus, you must be employed by the Company as of the payment date of such bonus. Any annual bonus will be paid no later than March 15th of the calendar year following the calendar year to which such bonus relates. (c) Expenses. The Company will promptly reimburse you for all reasonable expenses incurred by you in performing services hereunder, in accordance with the policies and procedures then in effect and established by the Company for its U.S. executives. effect. (d) Benefits/Paid Time Off. You will be eligible, subject to the terms of the applicable plans and programs, to participate in the employee benefits and insurance programs generally made available to the Company’s full-time U.S. employees. Details of such benefits programs, including mandatory employee contributions, if any, and waiting periods, if applicable, will be made available to you when such benefit(s) become available. You will be entitled to paid time off consistent with the terms of the Company’s paid time off policy for its U.S. executives, US employees, as in effect from time to time. The Company reserves the right to modify, amend or cancel any of its benefits plans or programs at any time. View More
Compensation and Related Matters. (a) Base Salary. The Company will pay you an initial base salary at the rate of $450,000 $600,000 per year, payable in accordance with the Company’s standard payroll schedule for its U.S. executives and subject to applicable deductions and withholdings. Your base salary will be subject to periodic review and adjustments at the Company’s discretion. Your base salary in effect at any given time is referred to herein as the “Base Salary.” (b) Annual Bonus. You Commencing in calendar year 2021, you ...will initially be eligible to receive an annual performance bonus targeted at 40% 45% of your Base Salary and pro-rated based on your Start Date. The actual bonus amount is discretionary and will be determined by the Company. Board or the Compensation Committee thereof. To earn an annual bonus, you must be employed by the Company as of the payment date of such bonus. Any annual bonus will be paid no later than March 15th of the calendar year following the calendar year to which such bonus relates. (c) Sign-On Bonus. Within 30 days following the Start Date, the Company will pay you a one-time signing bonus in the amount of $100,000, less applicable tax-related deductions and withholdings (the “Sign-On Bonus”); provided that if the Company terminates your employment for Cause (as defined in Appendix A) or you resign your employment for any reason other than for Good Reason (as defined in Appendix A), in either case prior to the one (1) year anniversary of the Start Date, you will repay the full Sign-On Bonus within 10 days after the Date of Termination (as defined below). (d) Expenses. The Company will promptly reimburse you for all reasonable expenses incurred by you in performing services hereunder, in accordance with the policies and procedures then in effect and established by the Company for its U.S. executives. (d) (e) Benefits/Paid Time Off. You will be eligible, subject to the terms of the applicable plans and programs, to participate in the employee benefits and insurance programs generally made available to the Company’s full-time U.S. employees. Details of such benefits programs, including mandatory employee contributions, if any, and waiting periods, if applicable, will be made available to you when such benefit(s) become available. You will be entitled to paid time off consistent with the terms of the Company’s paid time off policy for its U.S. executives, as in effect from time to time. The Company reserves the right to modify, amend or cancel any of its benefits plans or programs at any time. View More
