Compensation Contract Clauses (7,502)

Compensation. (a) Base Salary. Effective retroactive to January 1, 2015, the Company will pay Executive an annual salary of $285,000 as compensation for his services (such annual salary, as is then effective, to be referred to herein as "Base Salary"). The Base Salary will be paid periodically in accordance with the Company's normal payroll practices and be subject to the usual, required withholdings. Executive's annual salary will be subject to review by the Compensation Committee of the Board, or any succes...sor thereto (the "Compensation Committee") not less than annually, and increases will be made in the discretion of the Committee. Subsequent changes in Executive's Base Salary shall not require an amendment to this Agreement, provided that the change is documented in a resolution duly adopted by the Compensation Committee. (b) Bonus Compensation. In the sole discretion of the Compensation Committee, Executive may receive periodic bonuses in acknowledgment of his and the Company's achievements and efforts from time to time. Such bonuses may be payable in the future in alignment with stated performance goals or otherwise in the Compensation Committee's discretion. As of the date of this Amendment, Executive shall be entitled to receive an annual incentive bonus of up to 100% of his Base Salary, payable 65% in cash and 35% in equity. The exact amount of the bonus shall be determined by the Compensation Committee, taking into account the achievement of personal and Company financial goals mutually agreed upon by the Compensation Committee and Executive. Annual target goals will be memorialized in a writing to be maintained by the Company's Human Resources Department. The amount of bonus compensation, the allocation between cash and equity and the target goals will be subject to review annually. Such changes shall not require an amendment to this Agreement, provided that any such change is documented in a resolution duly adopted by the Compensation Committee. (c) Equity Incentive Compensation. Executive shall be eligible to participate in the Company's equity incentive plans, as in effect from time to time, and shall be considered for grants and awards at such times and in such amounts as shall be deemed appropriate by the Compensation Committee, as the administrator of such plans. (d) Stock Ownership Guidelines. Executive shall be subject to, and shall comply with, the Company's stock ownership guidelines, including compliance with its Insider Trading Policy, including the Addendum thereto, and with Section 16 of the Securities Exchange Act of 1934, as amended. View More

Compensation. (a) Base Salary. During the Employment Term, the Company shall pay (or cause to be paid) to Executive a base salary ("Base Salary") at the annual rate of $185,000, payable in regular installments in accordance with the usual payment practices of the Company Group. Executive's Base Salary shall be subject to annual review and subject to increase, but not decrease, as may be determined from time to time in the sole discretion of the Board. (b) Bonuses. During the Employment Term, Executive shall b...e eligible to earn an annual bonus award (an "Annual Bonus") based on the achievement of performance objectives and targets established annually by the Board or the compensation committee of the Board, in consultation with Executive. Additional bonuses may be granted by the Board to Executive in addition to the Annual Bonus, for services and results achieved by Executive. Any Annual Bonus shall be paid to Executive within two and one-half months after the end of the applicable fiscal year; provided, that if the applicable performance objectives and targets have not, if necessary, been verified by audit by such time, then the Annual Bonus, if any, shall be payable within 10 days following such verification, but no later than December 31 of such year (provided, that the Company shall use its reasonable best efforts to complete any such audit and pay such Annual Bonus as promptly as practicable). No Annual Bonus shall be payable in respect of any fiscal year in which Executive's employment is terminated, except to the extent provided in Section 5. 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. In no event will the Base Salary be less than $300,000 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. 5.1 Retainer. The Corporation shall pay Director a cash retainer of one thousand and three hundred USdollar (USD1300.00) per calendar month during Director's period of Service ("Retainer"), payable in accordance with the Corporation's normal and customary practices. 5.2 Expenses. The Corporation will reimburse Director for reasonable expenses incurred in the performance of the Services promptly upon submission of invoices and receipts for such expenses in a form reasonably acceptable to the Corp...oration, provided that such expenses are approved in writing in advance. Such approval by the Corporation shall not be unreasonably withheld or delayed. Director's expenses shall not be reimbursable hereunder if those expenses do not qualify for reimbursement under the Charter and Bylaws. View More

Compensation. a. Base Salary: In this position, the Company will pay you an annual base salary of $375,000 per year, less applicable withholdings, payable in accordance with the Company's standard payroll schedule. Your pay will be periodically reviewed as part of the Company's regular reviews of compensation. b. Bonus. You will be eligible to receive a discretionary bonus of up to $375,000, less applicable withholdings, subject to and in accordance with the terms of the Company's bonus plan. Please note that... bonus programs, payouts and criterion are subject to change or adjustment in the discretion of the Company to account for, among other things, the business needs of the Company. View More

Compensation. (a) ANNUAL SALARY. For services rendered under this Agreement, the Executive shall be entitled to receive as base compensation an Annual Salary at an initial rate of $250,000 per year. The Executive's Annual Salary shall be reviewed thereafter by the Board of Directors at least once annually and may be adjusted at the discretion of the Board of Directors in accordance with the Company's then-current compensation policies and practices and other factors deemed relevant by the Board of Directors; ...provided, that at no time shall the Annual Salary be less than the Executive's Annual Salary in the prior calendar year. Annual Salary shall be subject to withholding and other applicable taxes and payroll deductions and payable in substantially equal bi-weekly installments or such other more frequent intervals as may be determined by the Company as payroll policy for senior executives. 2 (b) INCENTIVE COMPENSATION. The Executive shall be eligible for annual incentive awards under and in accordance with the terms of the incentive bonus plan that shall be established by the Company for the benefit of the Executive (or senior executives generally), based on achievement of performance goals and other criteria set forth in such incentive plan (including annual operating profit targets). Subject to meeting such goals, criteria and targets, such as for adjusted annual operating profit, the annual incentive award under the plan shall range from twenty-five percent (25%) of the Executive's Annual Salary to a maximum of sixty-two and one-half percent (62.5%) of the Executive's Annual Salary, unless otherwise determined by the Board of Directors, in its sole discretion. In addition, the Executive will be eligible to participate in any stock option, stock bonus, and/or other equity compensation plans maintained by the Company. View More

Compensation. As compensation for the performance of the Administrator's obligations under this Agreement and as reimbursement for its expenses related thereto, the Administrator shall be entitled to a monthly payment of compensation in an amount to be agreed to between the Administrator and the Servicer, which shall be solely an obligation of the Servicer.

Compensation. a. Base Salary. You will be paid an annual base salary of Four Hundred Eighty-Three Thousand Dollars ($483,000). Your base salary will be payable pursuant to the Company's regular payroll policy. Your salary will be reviewed annually and may be increased by the Board in connection with any such review. b. Bonus Program. You will be eligible for an annual bonus that targets fifty percent (50%) of your annual base salary based upon achievement of certain performance goals and corporate milestones ...established by the Board in consultation with you. Achievement of goals will be determined in the sole discretion of the Board or a Compensation Committee of the Board. To earn any part of the bonus, you must be employed on December 31st of the applicable bonus year and such bonus shall be paid no later than March 15th of the year immediately following the year to which the applicable annual bonus relates. Your bonus target will be reviewed annually and may be modified by the Board in connection with any such review. c. Option Grants. You are eligible for annual option grants in the Company's sole discretion. d. Withholding. The Company shall withhold from any compensation or benefits payable under this letter agreement any federal, state and local income, employment or other similar taxes as may be required to be withheld pursuant to any applicable law or regulation. View More

Compensation. 2.1 Salary. During the Term, the Company shall pay to Executive an annualized base salary of $225,000, subject to annual increase as may be determined by the board of directors of the Company, through the end of the Term ("Base Salary"). The Base Salary shall be calculated and paid in substantially equal, periodic installments in accordance with the Company's normal payroll procedures. 2.2 Annual Performance Bonus. For each calendar year during the Term ("Bonus Year"), Executive shall be eligibl...e to earn an annual performance bonus as recommended by the compensation committee of the board of directors of the Company and approved by the board. Bonus targets and goals shall be determined each calendar year by the board of directors upon recommendation of the compensation committee. All performance bonuses shall be paid to (or in the case of Executive's death, Executive's designated beneficiary) during the first month of the calendar year following the Bonus Year in which such bonus has been earned at the same time at which the Company pays bonuses for such Bonus Year to other executives of the Company. Annual bonuses shall be deemed earned on December 31 of the Bonus Plan Year. The first Bonus Year shall be the year ending December 31, 2022. 2.3 [Reserved] 2.4 Options. Executive is hereby granted an option (the "Option") to purchase 1,000,000 shares of the common stock of CHG as soon as practicable after the date hereof under the terms of the Company's 2022 performance equity plan, with a vesting period of three years and an exercise price per share equal to the fair market value per share of the Company's common stock as of the date of the grant and as evidenced and governed by the terms of a stock option agreement to be executed by the Company and the Executive in connection with such grant (the "Stock Option Agreement"), which shall be executed promptly following the date hereof. Executive may be granted additional options to purchase shares of common stock from time to time as determined by the board, upon recommendation of the compensation committee. 2.5 Executive Benefits. During the Term, Company shall provide Executive (and, to the extent eligible, Executive's dependents and beneficiaries) all medical, health, dental, vision, prescription reimbursement, life insurance, welfare, perquisite, and other Executive benefits plans that are sponsored by the Company for the benefit of its Executives, on terms and conditions set forth in such programs and plans (as amended from time to time). 2.6 Expenses. During the Term, the Company shall reimburse Executive in accordance with the Company's reimbursement policies for all reasonable out-of-pocket expenses incurred by Executive in connection with the performance of Executive's duties hereunder. Expenses will be reimbursed within 30-days of Executive properly submitting expense for reimbursement. 2.7 Vacation. During the Term, Executive shall be entitled to three (3) weeks paid vacation per calendar year, such vacation time to be taken as mutually convenient for Executive and the Company. Except as otherwise provided in Section 4 hereof, Executive shall not be paid for unused vacation time. View More

Compensation. For all services to be rendered by the Director in any capacity hereunder, the Company agrees to compensate the Director an annual fee of $125,000 (the "Annual Fee"), which Annual Fee shall be paid to the Director monthly commencing in the first month following the Effective Date, and shall be subject to adjustment from time to time by the Board. The Director shall be responsible for his or her own individual income tax payment on the Annual Fee in jurisdictions where the Director resides.