Compensation Clause Example with 6 Variations from Business Contracts

Compensation. (a) Base Salary. During the Employment Period, you shall receive for your services an annual base salary (the “Base Salary”) in an amount to be determined by the Bank in accordance with the salary administration program of the Bank as it may from time to time be in effect. The Base Salary will be reviewed annually and may be adjusted upward or downward in the sole discretion of the Human Resources and Compensation Committee of the Board of Directors of the Bank (the “Compensation Committee”) or ...the Board of Directors of the Bank. The initial Base Salary will be $300,000. $210,000. In no event will the Base Salary be less than $300,000 $210,000 during the Employment Period. (b) Short-Term and Long-Term Incentives. During the Employment Period and beginning for the 2022 calendar year, Period, you may participate in such short-term and/or long-term cash and/or equity incentive plan(s) in such manner and subject to such terms and conditions as the Compensation Committee or the Board of Directors of the Bank, in its sole discretion, may determine. An annual bonus, if any, will be paid within two and a half months after the end of the applicable year. To be eligible to receive any bonus, you must be employed by the Bank on the date such bonus is paid, unless you have retired in accordance with the Bank’s retirement policy after the date on which you were deemed to have earned any bonus under the applicable bonus or incentive plan. View More

Compensation. (a) Base Salary. During the Employment Period, you shall receive for your services an annual base salary (the “Base Salary”) in an amount to be determined by the Bank in accordance with the salary administration program of the Bank as it may from time to time be in effect. The Base Salary will be reviewed annually and may be adjusted upward or downward in the sole discretion of the Human Resources and Compensation Committee of the Board of Directors of the Bank (the “Compensation Committee”) or ...the Board of Directors of the Bank. The initial Base Salary will be $300,000. $325,000. In no event will the Base Salary be less than $300,000 $325,000 during the Employment Period. (b) Short-Term and Long-Term Incentives. During the Employment Period and beginning for the 2022 calendar year, you may participate in such short-term and/or long-term cash and/or equity incentive plan(s) in such manner and subject to such terms and conditions as the Compensation Committee or the Board of Directors of the Bank, in its sole discretion, may determine. An annual bonus, if any, will be paid within two and a half months after the end of the applicable year. To be eligible to receive any bonus, you must be employed by the Bank on the date such bonus is paid, unless you have retired in accordance with the Bank’s retirement policy after the date on which you were deemed to have earned any bonus under the applicable bonus or incentive plan. View More

Compensation. (a) Base Salary. During the Employment Period, you shall receive for your services an annual base salary (the “Base Salary”) in an amount to be determined by the Bank in accordance with the salary administration program of the Bank as it may from time to time be in effect. The Base Salary will be reviewed annually and may be adjusted upward or downward in the sole discretion of the Human Resources and Compensation Committee of the Board of Directors of the Bank (the “Compensation Committee”) or ...the Board of Directors of the Bank. The initial Base Salary will be $300,000. $230,686.04. In no event will the Base Salary be less than $300,000 $230,686.04 during the Employment Period. (b) Short-Term and Long-Term Incentives. During the Employment Period and beginning for the 2022 calendar year, you may participate in such short-term and/or long-term cash and/or equity incentive plan(s) in such manner and subject to such terms and conditions as the Compensation Committee or the Board of Directors of the Bank, in its sole discretion, may determine. An annual bonus, if any, will be paid within two and a half months after the end of the applicable year. To be eligible to receive any bonus, you must be employed by the Bank on the date such bonus is paid, unless you have retired in accordance with the Bank’s retirement policy after the date on which you were deemed to have earned any bonus under the applicable bonus or incentive plan. View More

Compensation. (a) Base Salary. During the Employment Period, you shall receive for your services an annual base salary (the “Base Salary”) in an amount to be determined by the Bank Company in accordance with the salary administration program of the Bank Company as it may from time to time be in effect. The Base Salary will be reviewed annually and may be adjusted upward or downward in the sole discretion of the Human Resources and Compensation Committee of the Board of Directors of the Bank Company (the “Comp...ensation Committee”) or the Board of Directors of the Bank. Company. The initial Base Salary will be $300,000. $364,000. In no event will the Base Salary be less than $300,000 $364,000 during the Employment Period. (b) Short-Term and Long-Term Incentives. During the Employment Period and beginning for the 2022 calendar year, you may participate in such short-term and/or long-term cash and/or equity incentive plan(s) in such manner and subject to such terms and conditions as the Compensation Committee or the Board of Directors of the Bank, Company, in its sole discretion, may determine. An annual bonus, if any, will be paid within two and a half months after the end of the applicable year. To be eligible to receive any bonus, you must be employed by the Bank Company on the date such bonus is paid, unless you have retired in accordance with the Bank’s Company’s retirement policy after the date on which you were deemed to have earned any bonus under the applicable bonus or incentive plan. View More

Compensation. (a) Base Salary. During the Employment Period, you shall receive for your services an annual base salary (the “Base Salary”) in an amount to be determined by the Bank Company in accordance with the salary administration program of the Bank Company as it may from time to time be in effect. The Base Salary will be reviewed annually and may be adjusted upward or downward in the sole discretion of the Human Resources and Compensation Committee of the Board of Directors of the Bank Company (the “Comp...ensation Committee”) or the Board of Directors of the Bank. Company. The initial Base Salary will be $300,000. $330,000. In no event will the Base Salary be less than $300,000 $330,000 during the Employment Period. (b) Short-Term and Long-Term Incentives. During the Employment Period and beginning for the 2022 calendar year, you may participate in such short-term and/or long-term cash and/or equity incentive plan(s) in such manner and subject to such terms and conditions as the Compensation Committee or the Board of Directors of the Bank, Company, in its sole discretion, may determine. An annual bonus, if any, will be paid within two and a half months after the end of the applicable year. To be eligible to receive any bonus, you must be employed by the Bank Company on the date such bonus is paid, unless you have retired in accordance with the Bank’s Company’s retirement policy after the date on which you were deemed to have earned any bonus under the applicable bonus or incentive plan. View More

Compensation. (a) Base Salary. During the Employment Period, you shall receive for your services an annual base salary (the “Base Salary”) in an amount to be determined by the Bank Company in accordance with the salary administration program of the Bank Company as it may from time to time be in effect. The Base Salary will be reviewed annually and may be adjusted upward or downward in the sole discretion of the Human Resources and Compensation Committee of the Board of Directors of the Bank Company (the “Comp...ensation Committee”) or a majority of the independent members of the Board of Directors of the Bank. Company. The initial Base Salary will be $300,000. $575,000. In no event will the Base Salary be less than $300,000 $575,000 during the Employment Period. (b) Short-Term and Long-Term Incentives. During the Employment Period and beginning for the 2022 calendar year, you may participate in such short-term and/or long-term cash and/or equity incentive plan(s) in such manner and subject to such terms and conditions as the Compensation Committee or the Board of Directors of the Bank, Company, in its sole discretion, may determine. An annual bonus, if any, will be paid within two and a half months after the end of the applicable year. To be eligible to receive any bonus, you must be employed by the Bank Company on the date such bonus is paid, unless you have retired in accordance with the Bank’s Company’s retirement policy after the date on which you were deemed to have earned any bonus under the applicable bonus or incentive plan. View More