Compensation Clause Example with 5 Variations from Business Contracts

Compensation. (a) For services rendered under this Employment Agreement, the Company shall pay the Executive a salary determined annually by the Board of Directors (the "Base Salary"), payable (after deduction of applicable payroll taxes) in the same manner and on the same payroll schedule in which Company employees receive payment. Executive's Base Salary as of the Effective Date shall be $300,000. $150,000. The Executive shall also be eligible for and participate in such fringe benefits as shall be generall...y provided to executives of the Company, including those under the Medical Transcription Billing, Corp. Amended and Restated Equity Incentive Plan which may be adopted from time to time during the term hereof by the Company, including 30,000 additional restricted common stock units, which will vest in four equal tranches over the course of two (2) years, subject to the Executive remaining in the active employ of the Company. (b) The Board of Directors shall review the Executive's compensation at least once a year and effect such increases in the Base Salary as the Board of Directors, in its sole discretion, determines are merited, based upon the Executive's performance and consistent with the Company's compensation policies. At The Executive shall also be eligible for a bonus ("Performance Bonus") equal to one hundred shares of MTBC common stock for every one hundred thousand dollars of estimated, annualized run-rate revenues at closing, as determined by the conclusion Chairman, of each Fiscal Year, the Executive shall be eligible for, and the Board of Directors in its sole discretion may award, an executive bonus based on the achievement of objectives established business acquired by the Board Company or any of Directors in line its subsidiaries or affiliates, during the term of this agreement, through an asset purchase, stock purchase, merger or similar agreement ("Acquisition Agreement"), with each Performance Bonus vesting upon the rules closing of the Company's bonus plan. Executive's Target Bonus is equal to 100% of Base Salary. respective Acquisition Agreement. View More

Compensation. (a) For services rendered under this Employment Agreement, the Company shall pay the Executive a salary determined annually by the Board of Directors (the "Base Salary"), payable (after deduction of applicable payroll taxes) in the same manner and on the same payroll schedule in which Company employees receive payment. Executive's Base Salary as of the Effective Date shall be $300,000. $150,000. The Executive shall also be eligible for and participate in such fringe benefits as shall be generall...y provided to executives of the Company, including those under the Medical Transcription Billing, Corp. Amended and Restated Equity Incentive Plan which may be adopted from time to time during the term hereof by the Company. Company, including 75,000 additional restricted stock units, 1/3rd of which will vest, subject to the Executive remaining in the active employ of the Company, on each of the following dates: August 4, 2018, February 4, 2019, and August 4, 2019. (b) The Board of Directors shall review the Executive's compensation at least once a year and effect such increases in the Base Salary as the Board of Directors, in its sole discretion, determines are merited, based upon the Executive's performance and consistent with the Company's compensation policies. At the conclusion of each Fiscal Year, the Executive shall be eligible for, and the Board of Directors in its sole discretion may award, an executive bonus based on the achievement of objectives established by the Board of Directors in line with the rules of the Company's bonus plan. Executive's Target Bonus is equal to 100% of Base Salary. View More

Compensation. (a) For services rendered under this Employment Agreement, the Company shall pay the Executive a salary determined annually by the Board of Directors (the "Base Salary"), payable (after deduction of applicable payroll taxes) in the same manner and on the same payroll schedule in which Company employees receive payment. Executive's Base Salary as of the Effective Date shall be $300,000. The Executive shall also be eligible for and participate in such fringe benefits as shall be generally provided... to executives of the Company, including those under the Medical Transcription Billing, Corp. Amended and Restated Equity Incentive Plan which may be adopted from time to time during the term hereof by the Company. Company, including 75,000 additional restricted stock units, 1/3rd of which will vest, subject to the Executive remaining in the active employ of the Company, on each of the following dates: August 4, 2018, February 4, 2019, and August 4, 2019. (b) The Board of Directors shall review the Executive's compensation at least once a year and effect such increases in the Base Salary as the Board of Directors, in its sole discretion, determines are merited, based upon the Executive's performance and consistent with the Company's compensation policies. At the conclusion of each Fiscal Year, the Executive shall be eligible for, and the Board of Directors in its sole discretion may award, an executive bonus based on the achievement of objectives established by the Board of Directors in line with the rules of the Company's bonus plan. Executive's Target Bonus is equal to 100% of Base Salary. View More

Compensation. (a) For services rendered under this Employment Agreement, the Company shall pay the Executive a salary determined annually by the Board of Directors (the "Base Salary"), payable (after deduction of applicable payroll taxes) in the same manner and on the same payroll schedule in which Company employees receive payment. The Executive's Base Salary as of the Effective Date shall be $300,000. $250,000. The Executive shall also be eligible for and participate in such fringe benefits as shall be gene...rally provided to executives of the Company, including those under the Medical Transcription Billing, Corp. CareCloud, Inc. Amended and Restated Equity Incentive Plan Plan, which may be adopted adopted, amended and modified from time to time during the term hereof by the Company. (b) The Compensation Committee of the Board of Directors shall review the Executive's compensation at least once a year from time to time and effect such increases in the Base Salary as the Board of Directors, in its sole discretion, determines are merited, based upon the Executive's performance and consistent with the Company's compensation policies. At the conclusion of each Fiscal Year, fiscal year, the Executive shall be eligible for, and the Board of Directors in its sole discretion may award, an executive bonus based on the achievement of objectives established by the CEO and the Board of Directors in line with the rules of the Company's bonus plan. Executive's Target Bonus current target bonus is equal to 100% of the Annual Base Salary. Salary, provided that, depending on results, the Executive's actual bonus may be higher or lower than the target bonus, as determined by the Board of Directors. View More

Compensation. (a) For services rendered under this Employment Agreement, the Company shall pay the Executive a salary determined annually by the Board of Directors (the "Base Salary"), payable (after deduction of applicable payroll taxes) in the same manner and on the same payroll schedule in which Company employees receive payment. Executive's Base Salary as of the Effective Date shall be $300,000. The Executive shall also be eligible for and participate in such fringe benefits as shall be generally provided... to executives of the Company, including those under the Medical Transcription Billing, Corp. MTBC, Inc. Amended and Restated Equity Incentive Plan which may be adopted from time to time during the term hereof by the Company, including 30,000 additional restricted common stock units, which will vest in four equal tranches over the course of two (2) years, subject to the Executive remaining in the active employ of the Company. (b) The Board of Directors shall review the Executive's compensation at least once a year and effect such increases in the Base Salary as the Board of Directors, in its sole discretion, determines are merited, based upon the Executive's performance and consistent with the Company's compensation policies. At the conclusion of each Fiscal Year, the Executive shall be eligible for, and the Board of Directors in its sole discretion may award, an executive bonus based on the achievement of objectives established by the Board of Directors in line with the rules of the Company's bonus plan. Executive's Target Bonus is equal to 100% of Base Salary. View More