Compensation Clause Example with 17 Variations from Business Contracts
This page contains 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.
Compensation. 2.1 Base Salary. For services to be rendered hereunder, you shall receive a base salary at the rate of $505,000 per year (the "Base Salary"), subject to standard payroll deductions and withholdings and payable in accordance with the Company's regular payroll schedule. 2.2 Annual Bonus. During your employment, you will be eligible for an annual discretionary bonus with a target amount of 50% of your then current annual Base Salary, prorated for the number of days employed in a calendar year (the ..."Annual Bonus"). Whether you receive an Annual Bonus for any given year, and the amount of any such Annual Bonus, will be determined by the Board of Directors of the Company and/or its Compensation Committee (the "Board") in its discretion based upon the achievement of corporate and/or individual objectives and milestones that are determined in the sole discretion of the Board. You must continue to be employed through the date the Annual Bonus is paid in order to earn such bonus. The Annual Bonus, if any, shall be paid to you in a lump sum no later than March 15th of the calendar year that follows the performance year, subject to applicable payroll deductions and withholdings.View More
Variations of a "Compensation" Clause from Business Contracts
Compensation. 2.1 Base Salary. For services to be rendered hereunder, you shall receive a base salary at the rate of $505,000 $320,000 per year (the "Base Salary"), subject to standard payroll deductions and withholdings and payable in accordance with the Company's regular payroll schedule. 2.2 Annual Bonus. During your employment, you You will be eligible for an annual discretionary bonus with a target amount of 50% 40% of your then current annual Base Salary, prorated for the number of days employed in a ca...lendar year Salary (the "Annual Bonus"). Whether you receive an Annual Bonus for any given year, and the amount of any such Annual Bonus, will be determined by the Board of Directors of the Company and/or its Compensation Committee (the "Board") in its discretion based upon the achievement of corporate and/or individual objectives and milestones that are determined in the sole discretion of the Board and other criteria to be determined by the Board. You must continue to be employed through the date the Annual Bonus is paid in order to earn such bonus. If your employment terminates for any reason prior to the payment date, you will not have earned, and will not be paid, any pro-rated bonus. The Annual Bonus, if any, earned, shall be paid to you in a lump sum no later than March 15th of the calendar year that follows the performance year, subject to applicable payroll deductions and withholdings. 2.3 Equity. You have previously been granted various equity interests in the Company (the "Awards"). The Awards will continue to be governed by the terms and conditions of the applicable existing plan documents, award agreements and grant notices. You will be eligible for future equity awards as determined by the Board in its sole discretion. View More
Compensation. 2.1 Base Salary. For services to be rendered hereunder, you shall receive a base salary at the rate of $505,000 $375,000 per year (the "Base Salary"), subject to standard payroll deductions and withholdings and payable in accordance with the Company's regular payroll schedule. 2.2 Annual Bonus. During your employment, you You will be eligible for an annual discretionary bonus with a target amount of 50% 40% of your then current annual Base Salary, prorated for the number of days employed in a ca...lendar year Salary (the "Annual Bonus"). Whether you receive an Annual Bonus for any given year, and the amount of any such Annual Bonus, will be determined by the Board of Directors of the Company and/or its Compensation Committee (the "Board") in its discretion based upon the achievement of corporate and/or individual objectives and milestones that are determined in the sole discretion of the Board and other criteria to be determined by the Board. You must continue to be employed through the date the Annual Bonus is paid in order to earn such bonus. If your employment terminates for any reason prior to the payment date, you will not have earned, and will not be paid, any pro-rated bonus. The Annual Bonus, if any, earned, shall be paid to you in a lump sum no later than March 15th of the calendar year that follows the performance year, subject to applicable payroll deductions and withholdings. 2.3 Equity. You have previously been granted various equity interests in the Company (the "Awards"). The Awards will continue to be governed by the terms and conditions of the applicable existing plan documents, award agreements and grant notices. You will be eligible for future equity awards as determined by the Board in its sole discretion. View More
Compensation. 2.1 Base Salary. For services to be rendered hereunder, you shall receive a base salary at the rate of $505,000 $400,000 per year (the "Base Salary"), subject to standard payroll deductions and withholdings and payable in accordance with the Company's regular payroll schedule. 2.2 Annual Bonus. During your employment, you You will be eligible for an annual discretionary bonus with a target amount of 50% 40% of your then current annual Base Salary, prorated for the number of days employed in a ca...lendar year Salary (the "Annual Bonus"). Whether you receive an Annual Bonus for any given year, and the amount of any such Annual Bonus, will be determined by the Board of Directors of the Company and/or its Compensation Committee (the "Board") in its discretion based upon the achievement of corporate and/or individual objectives and milestones that are determined in the sole discretion of the Board and other criteria to be determined by the Board. You must continue to be employed through the date the Annual Bonus is paid in order to earn such bonus. If your employment terminates for any reason prior to the payment date, you will not have earned, and will not be paid, any pro-rated bonus. The Annual Bonus, if any, earned, shall be paid to you in a lump sum no later than March 15th of the calendar year that follows the performance year, subject to applicable payroll deductions and withholdings. 2.3 Equity. You have previously been granted various equity interests in the Company (the "Awards"). The Awards will continue to be governed by the terms and conditions of the applicable existing plan documents, award agreements and grant notices. You will be eligible for future equity awards as determined by the Board in its sole discretion. View More
Compensation. 2.1 Base Salary. For services to be rendered hereunder, you shall receive a base salary at the rate of $505,000 Four Hundred Thousand Dollars ($400,000) per year (the "Base Salary"), subject to standard payroll deductions and withholdings and payable in accordance with the Company's regular payroll schedule. 2.2 Annual Bonus. During your employment, you will be eligible for an annual discretionary bonus with a target amount of 50% forty percent (40%) of your then current annual Base Salary, pror...ated for the number of days employed in a calendar year (the "Annual Bonus"). Whether you receive an Annual Bonus for any given year, and the amount of any such Annual Bonus, will be determined by the Board of Directors of the Company and/or its Compensation Committee (the "Board") in its discretion based upon the achievement of corporate and/or individual objectives and milestones that are determined in the sole discretion of the Board. You must continue to be employed through the date the Annual Bonus is paid in order to earn such bonus. The Annual Bonus, if any, shall 1. be paid to you in a lump sum no later than March 15th of the calendar year that follows the performance year, subject to applicable payroll deductions and withholdings. 2.3 Equity. Subject to approval by the Board, you shall be granted an option to purchase One Hundred Fifty Thousand (150,000) shares of Common Stock in the Company at the fair market value on the date of grant (the "Option"). The Option shall vest on a monthly basis over a four (4) year period (1/48th per month) and be governed in all respects by the terms of the governing plan documents and option agreement between you and the Company. View More
Compensation. 2.1 Base Salary. For services to be rendered hereunder, you shall receive a base salary at the rate of $505,000 $825,000 per year (the "Base Salary"), subject to standard payroll deductions and withholdings and payable in accordance with the Company's regular payroll schedule. Your Base Salary shall be subject to periodic review for any increase in the Board's discretion. Any such increased amount shall be your "Base Salary" for all purposes thereafter. 2.2 Annual Bonus. During your employment, ...you You will be eligible for an annual discretionary bonus with a target amount of 50% of your then current annual Base Salary, prorated for the number of days employed in a calendar year Salary (the "Annual Bonus"). Whether you receive an Annual Bonus for any given year, and the amount of any such Annual Bonus, will be determined by the Board of Directors of the Company and/or its Compensation Committee (the "Board") in its discretion based upon the achievement of corporate and/or individual objectives and milestones that are determined in the sole discretion of the Board. Board and other criteria to be determined by the Board in consultation with you. You must continue to be employed through the date the Annual Bonus is paid in order to earn such bonus. If your employment terminates for any reason prior to the payment date, you will not have earned, and will not be paid, any pro-rated bonus. The Annual Bonus, if any, earned, shall be paid to you in a lump sum no later than March 15th of the calendar year that follows the performance year, subject to applicable payroll deductions and withholdings. 2.3 Equity. View More
Compensation. 2.1 Base Salary. For services to be rendered hereunder, you shall receive a base salary at the rate of $505,000 $550,000 per year (the "Base Salary"), subject to standard payroll deductions and withholdings and payable in accordance with the Company's regular payroll schedule. 2.2 Annual Bonus. During your employment, you You will be eligible for an annual discretionary bonus with a target amount of 50% 60% of your then current annual Base Salary, prorated for the number of days employed in a ca...lendar year (the "Annual Bonus"). Whether you receive an Annual Bonus for any given year, and the amount of any such Annual Bonus, will be determined by the Board of Directors of the Company and/or (and/or its Compensation Committee (the "Board") Committee) in its discretion based upon the achievement of corporate and/or individual objectives and milestones that are determined in the sole discretion of the Board. Board (and/or its Compensation Committee). You must continue to be employed through the date the Annual Bonus is paid in order to earn such bonus. The Annual Bonus, if any, earned, shall be paid to you in a lump sum no later than March 15th of the calendar year that follows the performance year, subject to applicable payroll deductions and withholdings. 2.3 Equity. Your equity awards will continue to be governed by the terms of the 2020 Equity Incentive Plan and the grant documents thereunder. You will remain eligible to receive future equity awards at the discretion of the Board or the Compensation Committee. View More
Compensation. 2.1 Base Salary. For services to be rendered hereunder, you shall receive a base salary at the rate of $505,000 $450,000 per year (the "Base Salary"), subject to standard payroll deductions and withholdings and payable in accordance with the Company's regular payroll schedule. 2.2 Annual Bonus. During your employment, you will be eligible for an annual discretionary bonus with a target amount of 50% 40% of your then current annual Base Salary, prorated for the number of days employed in a calend...ar year (the "Annual Bonus"). Whether you receive an Annual Bonus for any given year, and the amount of any such Annual Bonus, will be determined by the Board of Directors of the Company and/or its Compensation Committee (the "Board") in its discretion based upon the achievement of corporate and/or individual objectives and milestones that are determined in the sole discretion of the Board. You must continue to be employed through the date the Annual Bonus is paid in order to earn such bonus. The Annual Bonus, if any, shall be paid to you in a lump sum no later than March 15th of the calendar year that follows the performance year, subject to applicable payroll deductions and withholdings. 1 3. Reasonable Business Expenses. You will be eligible for reimbursement of all reasonable, necessary and documented out-of-pocket business, entertainment, and travel expenses incurred by you in connection with the performance of your duties hereunder in accordance with the Company's expense reimbursement policies and procedures. View More
