Compensation Clause Example with 6 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 Salary. For services to be rendered hereunder, Executive shall receive a base salary at the rate of US$[ ] per year (the "Base Salary"), subject to standard payroll deductions and withholdings and payable in accordance with the Company's regular payroll schedule. 2.2 Bonus. Executive will be eligible for an annual discretionary bonus of up to [ ]% of Executive's Base Salary (the "Annual Bonus"). Whether Executive receives an Annual Bonus for any given year, and the amount of any such Annual ...Bonus, will be determined by the Company's Board of Directors ("Board") in its sole discretion based upon the Company's and Executive's achievement of objectives and milestones to be determined on an annual basis by the Board. Executive must remain an active employee through the date any Annual Bonus is paid in order to earn such Annual Bonus. Annual Bonuses are typically paid no later than [ ] of the year following the applicable bonus year. Executive will not be eligible for, and will not earn, any Annual Bonus (including a prorated bonus) if Executive's employment terminates for any reason before any Annual Bonus is paid, except as otherwise expressly provided in Section 6.2.View More
Variations of a "Compensation" Clause from Business Contracts
Compensation. 2.1 Base Salary. For services to be rendered hereunder, Executive shall receive a base salary at the rate of US$[ ] $44,166.66 per month, which equates to $530,000 per year (the "Base Salary"), subject to less standard payroll deductions and withholdings and payable in accordance with the Company's regular payroll schedule. 2.2 Annual Bonus. Executive will be eligible for an annual discretionary bonus (the "Annual Bonus") of up to [ ]% 50% of Executive's then current annual Base Salary (the "Ann...ual Bonus"). "Target Bonus Amount"). Whether Executive receives an Annual Bonus for any given year, and the amount of any such Annual Bonus, will be determined by in the Company's good faith discretion of the Board of Directors ("Board") in its sole discretion (or the Compensation Committee thereof), based upon the Company's and Executive's achievement of corporate objectives and milestones to be determined on an annual basis by the Board. Board (or Compensation Committee thereof). No Annual Bonus is guaranteed and, in addition to the other conditions for earning such compensation, Executive must remain an active employee through in good standing of the date any Company on the scheduled Annual Bonus is paid payment date in order to earn such be eligible for any Annual Bonus. Annual Bonuses are typically 2.3 Signing Bonus. Executive acknowledges that Executive has received a signing and retention bonus of $200,000 from the Company (the "Signing Bonus"). Executive acknowledges that this Signing Bonus is an advance and is being paid no later than [ ] of the year following the applicable bonus year. Executive will not be eligible for, and will not earn, any Annual Bonus (including a prorated bonus) if to her prior to it being earned by her. If, prior to December 31, 2018, Executive's employment terminates is terminated for any reason before any Annual (other than due to an involuntary termination by the Company without Cause), Executive agrees to repay, on or within 30 days after the employment termination date, the after-tax amount of the Signing Bonus received by her. 2.4 Stay Bonus. Pursuant to her offer letter with the Company, Executive is paid, except as otherwise expressly provided entitled to receive a one-time bonus (the "Stay Bonus") in Section 6.2. the amount of $200,000, less standard payroll deductions and withholdings. In satisfaction of the obligation in her offer letter, the Company will pay the Stay Bonus to Executive on the first regular payroll date on or following November 15, 2018. View More
Compensation. 2.1 2.1Base Salary. For services to be rendered hereunder, Executive shall receive a base salary at the rate of US$[ ] $345,000 per year (the "Base Salary"), subject to less standard payroll deductions and withholdings and payable in accordance with the Company's regular payroll schedule. 2.2 2.2Annual Bonus. Executive will be eligible for an annual discretionary bonus (the "Annual Bonus") of up to [ ]% forty percent (40%) of Executive's then current Base Salary (the "Annual Bonus"). "Target Bon...us Amount"). Whether Executive receives an Annual Bonus for any given year, and the amount of any such Annual Bonus, will be determined by in the good faith discretion of the Company's Board of Directors ("Board") in its sole discretion (or the Compensation Committee thereof), based upon the Company's and Executive's achievement of objectives and milestones to be determined on an annual basis by the Board. Board (or Compensation Committee thereof). No Annual Bonus is guaranteed and, in addition to the other conditions for earning such compensation, Executive must remain an active employee through in good standing of the date any Company on the scheduled Annual Bonus is paid payment date in order to earn such be eligible for any Annual Bonus. Annual Bonuses are typically paid no later than [ ] of the year following the applicable bonus year. Executive will not be eligible for, and will not earn, any Annual Bonus (including a prorated bonus) if Executive's employment terminates for any reason before any Annual Bonus is paid, except as otherwise expressly provided in Section 6.2.View More
Compensation. 2.1 Salary. For services to be rendered hereunder, Executive shall receive a base salary at the rate of US$[ ] $338,000 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 Cash Bonus. Executive will be eligible for an annual discretionary cash bonus (the "Annual Bonus") of up to [ ]% 41% of Executive's Base Salary (the "Annual "Target Annual Bonus"). Whether Executive receives an A...nnual Bonus for any given year, and the amount of any such Annual Bonus, will be determined by the Company's Board of Directors ("Board") (the "Board") (or the Compensation Committee of the Board) in its their sole discretion based upon the Company's and Executive's achievement of objectives and milestones to be determined on an annual basis by as set forth in the Board. Executive must remain an active employee through the date any Company's Performance Bonus Plan (the "Bonus Plan"). Any Annual Bonus that is awarded will be paid in order to earn such Annual Bonus. Annual Bonuses are typically paid no later than [ ] of the calendar year following the applicable bonus year, but in no event later than March 15th of such year. Executive will not be eligible for, and will not earn, any Annual Bonus (including a prorated bonus) bonus, if any) if Executive's employment terminates for any reason before any the last day of the year to which such Annual Bonus is paid, relates, except as otherwise expressly provided set forth herein. If Executive's employment terminates for any reason, other than by the Company for Cause, after the last day of such year, but prior to payment of the applicable Annual Bonus for such year, Executive shall remain eligible to receive an Annual Bonus with respect to such completed year in accordance with the terms of this Section 6.2. and the Bonus Plan. 2.3 Company Equity Awards. Executive remains eligible to be considered for future equity awards as may be determined by the Board (or the Compensation Committee of the Board) in its discretion in accordance with the terms of any applicable equity plan or arrangement that may be in effect from time to time. View More
Compensation. 2.1 Salary. For services to be rendered hereunder, Executive shall receive a base salary at the rate of US$[ ] 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 Bonus. 2.1Salary. 2.2Bonus. Executive will be eligible for an annual discretionary bonus of up to [ ]% 35% of Executive's Base Salary (the "Annual Bonus"). Whether Executive receives an Annual Bonus for any given year, and the a...mount of any such Annual Bonus, will be determined by the Company's Board of Directors ("Board") in its sole discretion based upon the Company's and Executive's achievement of objectives and milestones to be determined on an annual basis by the Board. Executive must remain an active employee through the date end of any Annual Bonus is paid given calendar year in order to earn an Annual Bonus for that year and any such Annual Bonus. Annual Bonuses are typically bonus will be paid no later than [ ] prior to March 15 of the year following the applicable year in which such bonus year. was earned. Executive will not be eligible for, and will not earn, any Annual Bonus (including a prorated bonus) if Executive's employment terminates for any reason before any Annual Bonus is paid, except as otherwise expressly provided in Section 6.2. the end of the calendar year. View More
Compensation. 2.1 Salary. For services to be rendered hereunder, Executive shall receive a base salary at the rate of US$[ ] per year (the "Base Salary"), subject to standard payroll deductions and withholdings and payable in accordance with the Company's regular payroll schedule. 2.2 Bonus. 2.1Salary. 2.2Bonus. Executive will be eligible for an annual discretionary bonus of up to [ ]% 50% of Executive's Base Salary (the "Annual Bonus"). Whether Executive receives an Annual Bonus for any given year, and the a...mount of any such Annual Bonus, will be determined by the Company's Board of Directors ("Board") in its sole discretion based upon the Company's and Executive's achievement of objectives and milestones to be determined on an annual basis by the Board. Executive must remain an active employee through the date end of any Annual Bonus is paid given calendar year in order to earn an Annual Bonus for that year and any such Annual Bonus. Annual Bonuses are typically bonus will be paid no later than [ ] prior to March 15 of the year following the applicable year in which such bonus year. was earned. Executive will not be eligible for, and will not earn, any Annual Bonus (including a prorated bonus) if Executive's employment terminates for any reason before any Annual Bonus is paid, except as otherwise expressly provided in Section 6.2. the end of the calendar year. View More
Compensation. 2.1 Salary. 2.1Salary. For services to be rendered hereunder, Executive shall receive a base salary at the rate of US$[ ] three hundred seventy-five thousand U.S. Dollars ($375,000) per year (the (such base salary, as in effect from time to time, the "Base Salary"), subject to standard payroll deductions and withholdings and payable in accordance with the Company's regular payroll schedule. 2.2 Bonus. 2.2Bonus. Executive will be eligible for an annual discretionary bonus of up with a target amou...nt equal to [ ]% 40% of Executive's Base Salary (the "Annual Bonus"). Whether Executive receives an Annual Bonus for any given year, and the amount of any such Annual Bonus, will be determined by the Company's Board board of Directors ("Board") directors of the Company (the "Board") or the compensation committee thereof in its sole discretion based upon the Company's and Executive's achievement of objectives and milestones to be determined on an annual basis by the Board. Executive must remain an active employee through Board or the date any Annual Bonus is paid in order to earn such Annual Bonus. Annual Bonuses are typically paid no later than [ ] of the year following the applicable bonus year. compensation committee thereof. Executive will not be eligible for, and will not earn, any Annual Bonus (including a prorated bonus) if Executive's employment terminates for any reason before any Annual Bonus is paid, except as otherwise expressly provided in Section 6.2. paid. View More
