Compensation Clause Example with 5 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. The Company shall pay Executive as compensation for his services a base salary at a gross annual rate of not less than $440,000. Such salary shall be payable in accordance with the Company's standard payroll procedures. (The annual compensation specified in this Subsection (a), together with any increases in such compensation that the Company may grant from time to time, is referred to in this Agreement as "Base Salary."). (b) Incentive Bonuses. Executive shall be eligible for an annual incentiv...e bonus with a target amount equal to 80% of his Base Salary (the "Target Bonus"). Executive's bonus (if any) 1 shall be awarded based on criteria established by the Company's Board of Directors (the "Board") or its Compensation Committee. Executive shall not be entitled to an incentive bonus if he is not employed by the Company on the last day of the fiscal year for which such bonus is payable or is provided notice of termination under Section 5(b) prior to such time. Any bonus for a fiscal year shall be paid within 21⁄2 months after the close of that fiscal year. The determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding. View More
Found in SYNCHRONOSS TECHNOLOGIES INC contract

Variations of a "Compensation" Clause from Business Contracts

Compensation. The Company shall pay Executive as compensation for his services a base salary at a gross annual rate of not less than $440,000. $500,000. Such salary shall be payable in accordance with the Company's standard payroll procedures. (The annual compensation specified in this Subsection (a), together with any increases in such compensation that the Company may grant from time to time, is referred to in this Agreement as "Base Salary."). (b) Incentive Salary.") The Board or its Compensation Committee... shall review the Base Salary at least annually to determine whether to increase (but not decrease) the Base Salary in its discretion; provided that the Board has the ability to reduce the Base Salary of Executive in the event all of the base salary of the executives of the Company is reduced proportionately. (b)Incentive Bonuses. Executive shall be eligible for an annual incentive bonus with a target amount equal to 80% 100% of his Base Salary (the "Target Bonus"). Executive's bonus (if any) 1 shall be awarded based on criteria established by the Company's Board of Directors (the "Board") or its Compensation Committee. Executive shall not be entitled to an incentive bonus for a fiscal year if he is not employed by the Company on the last day of the fiscal year for which such bonus is payable or is provided proper notice of termination under Section 5(b) prior to such time. Any bonus for a fiscal year shall be paid within 21⁄2 months after the close of that fiscal year. The determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding. View More
Found in SYNCHRONOSS TECHNOLOGIES INC contract
Compensation. (a) Salary. The Company shall pay Executive as compensation for his services a base salary at a gross annual rate of not less than $440,000. $573,947. Such salary shall be payable in accordance with the Company's standard payroll procedures. (The annual compensation specified in this Subsection (a), together with any increases in such compensation that the Company may grant from time to time, is referred to in this Agreement as "Base Salary."). (b) Incentive Bonuses. Executive shall be eligible ...for an annual incentive bonus with a target amount equal to 80% 110% of his Base Salary (the "Target Bonus"). Executive's bonus (if any) 1 shall be awarded based on criteria established by the Company's Board of Directors (the 1 "Board") or its Compensation Committee. Executive shall not be entitled to an incentive bonus if he is not employed by the Company on the last day of the fiscal year for which such bonus is payable or is provided notice of termination under Section 5(b) prior to such time. Any bonus for a fiscal year shall be paid within 21⁄2 months after the close of that fiscal year. The determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding. View More
Found in SYNCHRONOSS TECHNOLOGIES INC contract
Compensation. The Company shall pay the Executive as compensation for his her services a base salary at a gross annual rate of not less than $440,000. $300,000. Such salary shall be payable in accordance with the Company's standard payroll procedures. (The annual compensation specified in this Subsection (a), together with any increases in such compensation that the Company may grant from time to time, is referred to in this Agreement as "Base Salary."). (b) Incentive (b)Incentive Bonuses. The Executive shall... be eligible for an annual incentive bonus with a target amount equal to 80% 60% of his her Base Salary (the "Target Bonus"). The Executive's bonus (if any) 1 shall be awarded based on criteria established by the Company's Board of Directors (the "Board") or its Compensation Committee. The Executive shall not be entitled to an incentive bonus if he she is not employed by the Company on the last day of the fiscal year for which such bonus is payable or is provided notice of termination under Section 5(b) prior to such time. payable. Any bonus for a fiscal year shall be paid within 21⁄2 months after the close of that fiscal year. The determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding. View More
Found in SYNCHRONOSS TECHNOLOGIES INC contract
Compensation. (a) Salary. The Company shall pay Executive as compensation for his her services a base salary at a gross annual rate of not less than $440,000. $300,000. Such salary shall be payable in accordance with the Company's standard payroll procedures. (The annual compensation specified in this Subsection (a), together with any increases in such compensation that the Company may grant from time to time, is referred to in this Agreement as "Base Salary."). 1 (b) Incentive Bonuses. Executive shall be eli...gible for an annual incentive bonus with a target amount equal to 80% 60% of his her Base Salary (the "Target Bonus"). Executive's bonus (if any) 1 shall be awarded based on criteria established by the Company's Board of Directors (the "Board") or its Compensation Committee. Executive shall not be entitled to an incentive bonus if he she is not employed by the Company on the last day of the fiscal year for which such bonus is payable or is provided notice of termination under Section 5(b) prior to such time. Any bonus for a fiscal year shall be paid within 21⁄2 months after the close of that fiscal year. The determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding. View More
Found in SYNCHRONOSS TECHNOLOGIES INC contract
Compensation. The Company shall pay Executive as compensation for his services a base salary at a gross annual rate of not less than $440,000. $412,000. Such salary shall be payable in accordance with the Company's standard payroll procedures. (The annual compensation specified in this Subsection (a), together with any increases in such compensation that the Company may grant from time to time, is referred to in this Agreement as "Base Salary."). (b) Incentive Bonuses. Executive shall be eligible for an annua...l incentive bonus with a target amount equal to 80% of his Base Salary (the "Target Bonus"). Executive's bonus (if any) 1 shall be awarded based on criteria established by the Company's Board of Directors (the "Board") or its Compensation Committee. Executive shall not be entitled to an incentive bonus if he is not employed by the Company on the last day of the fiscal year for which such bonus is payable or is provided notice of termination under Section 5(b) prior to such time. payable. Any bonus for a fiscal year shall be paid within 21⁄2 21/2 months after the close of that fiscal year. The determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding. View More
Found in SYNCHRONOSS TECHNOLOGIES INC contract