Salary and Benefits Contract Clauses (88)

Salary and Benefits. (a) Employee will be paid a salary at an annualized rate of $730,000 payable in successive bi-weekly or other installments in accordance with the Company's standard payroll practices for salaried employees. Employee's rate of salary will be subject to such increases as may be determined from time to time by the Board of Directors. As used in this Agreement, the term "Board of Directors" shall refer to the Board of Directors of the Company or other governing body or committee to which the authori...ty of the Board of Directors of the Company with respect to executive compensation matters has been delegated, including (without limitation) the Compensation Committee of the Board of Directors of the Company. (b) Employee will be eligible to participate in each of the Company's employee benefit plans that is made generally available either to the Company's employees or to the Company's senior executives and for which Employee satisfies the applicable eligibility requirements. Employee will be entitled to a minimum of four (4) weeks of paid vacation each year or such greater amount as determined in accordance with the Company's standard vacation policy. (c) The Company will promptly reimburse Employee for all reasonable and necessary business expenses Employee incurs in connection with the business of the Company and the performance of Employee's duties hereunder upon Employee's submission of reasonable and timely documentation of those expenses. In no event shall any expense be reimbursed later than the end of the calendar year following the calendar year in which that expense is incurred, and the amounts reimbursed in any one calendar year shall not affect the amounts reimbursable in any other calendar year. Employee's right to receive such reimbursements may not be exchanged or liquidated for any other benefit. (d) As soon as practicable following the effective date of the Spin-Off and the filing of an effective Form S-8, the Board of Directors shall grant to Employee (i) a number of restricted stock units relating to Company stock with an aggregate value of $2,500,000, determined based on the average per-share closing price of the Company's stock for the five (5) trading days prior to the date of grant; and (ii) a number of options to purchase Company stock equal to the number of restricted stock units granted pursuant to Section 2(d)(i), with an exercise price equal to the per-share closing price on the date of grant. The restricted stock units and options shall vest at the rate of one-third on each of the first three anniversaries of the date of grant, and shall be subject to such other terms and conditions as may be determined by the Board of Directors (or an appropriate committee thereof). View More

Salary and Benefits. Your annual salary shall be $325,000.00, payable in accordance with the Company's normal payroll practices, with such payroll deductions and withholdings as are required by law. You will be eligible to receive an annual incentive payout (cash and/or stock options) of up to 40% of your annual salary. To the extent that the Company provides life, health, dental, disability or other insurance programs; pension, profit-sharing 401(k) or other retirement programs; paid time off periods, or other frin...ge benefits, and subject to the satisfaction of any general eligibility criteria, you will receive such benefits to the same extent as other similarly situated employees of the Company. You will receive four weeks of vacation per year. View More

Salary and Benefits. During the term of this Agreement: A) CSL shall pay to Employee a base salary at an annual rate of not less than Three Hundred Thousand Dollars ($300,000.00) per annum, paid in approximately equal installments no less frequently than semi-monthly. Employee shall be eligible for a performance bonus as determined by the Compensation Committee of the Board of Directors of Capital Senior 1 of 7 Living Corporation (the "Compensation Committee"). The Company shall deduct from Employee's compensation a...nd bonus all applicable local, state, Federal or foreign taxes, including, but not limited to, income tax, withholding tax, social security tax and pension contributions (if any). B) Employee shall participate in all health, retirement, Company-paid insurance, sick leave, disability, expense reimbursement and other benefit programs, if any, which CSL makes available, in its sole discretion, to its senior executives; however, nothing herein shall be construed to obligate the Company to establish or maintain any employee benefit program. The Company may purchase and maintain in force a death and disability insurance policy in an amount at all times equal to not less than an amount equal to Employee's annual base salary. The Company shall be the beneficiary of said policy and shall use said policy for the purposes described in Paragraph 7(A)(i), below. Reimbursement of Employee's reasonable and necessary business expenses incurred in the pursuit of the business of the Company or any of its affiliates shall be made to Employee upon his presentation to the Company of itemized bills, vouchers or accountings prepared in conformance with applicable regulations of the Internal Revenue Service and the policies and guidelines of the Company. C) Employee shall be entitled to reasonable vacation time in an amount of three (3) weeks per year pursuant to the Company's Corporate Policies and Procedures Manual, provided that not more than two (2) weeks of such vacation time may be taken consecutively without prior notice to, and the consent of, the Chief Executive Officer. View More

Salary and Benefits. During the term of this Agreement: (a) LTC shall pay to Executive a base salary at an annual rate of not less than One Hundred Fifteen Thousand Dollars ($115,000) per annum ("Base Salary"), paid in approximately equal installments at intervals based on any reasonable Company policy. LTC agrees from time to time to consider increases in such base salary in the discretion of the Board of Directors. Any increase, once granted, shall automatically amend this Agreement to provide that thereafter Exec...utive's base salary shall not be less than the annual amount to which such base salary has been increased. 1 (b) Executive shall participate in all health, retirement, Company-paid insurance, sick leave, disability, expense reimbursement and other benefit programs which LTC makes available to any of its senior executives, and shall be eligible for bonuses in the discretion of the Board of Directors. (c) Executive shall be entitled to reasonable vacation time, not less than three (3) weeks per year, provided that not more than two (2) weeks of such vacation time may be taken consecutively without prior notice to and non-objection by the Chief Financial Officer. View More

Salary and Benefits. (a) Salary. During the Employment Period, the Company will pay the Executive a salary at the rate set forth on Schedule A to this Agreement (as in effect from time to time, the "Salary") as compensation for services. The Salary will be payable in regular installments in accordance with the general payroll practices of the Company and its Subsidiaries and subject to applicable withholding requirements. The Company agrees to evaluate the Executive's performance and Salary annually. (b) Bonus. Duri...ng the Employment Period, the Executive will be entitled to receive bonuses upon and subject to the terms and conditions set forth on Schedule A to this Agreement. Any and all cash Bonuses will be payable by December 31 of the year for which the Bonus is payable, except that (i) to the extent the amount of the Bonus is based upon the Company's financial statements for a particular fiscal year, then such portion of the Bonus shall be payable within fifteen (15) days following the date on which the audit report with respect to such financials is delivered to the Company and (ii) if a Bonus milestone may be satisfied, and is satisfied, following the end of the year for which the Bonus is payable, the Bonus payable with respect thereto shall be payable within fifteen (15) days following the date on which the milestone is satisfied. (c) Benefits. During the Employment Period, the Company will provide the Executive with medical, dental, life, long-term Disability insurance and other benefits under such plans as the Board may establish or maintain from time to time for similarly situated employees. The Executive will be entitled to the number of weeks of paid vacation each year set forth on Schedule A attached hereto. To the extent that the Executive does not use all the vacation time in any year, calculated as of each anniversary of the commencement of the Employment Period, the unused vacation may not be carried over to the next year. (d) Reimbursement of Expenses. During the Employment Period, the Company will reimburse the Executive for all reasonable out-of-pocket expenses incurred by him in the course of performing his duties that are consistent with the Company's policies in effect from time to time with respect to travel, entertainment and other business expenses, including a cell phone, subject to the Company's requirements with respect to reporting and documentation of such expenses. View More

Salary and Benefits. Subject to, and except as otherwise provided in, Sections 4, 5 and 6 below: (a) During the term of this Agreement, the Company shall pay (or cause to be paid to) the Executive a salary at a rate of not less than $1,050,000.00 per year, which sum shall be payable in bi-weekly installments. The Company agrees to review the Executive's salary no less frequently than annually. In the event of an increase in salary or the payment of a bonus, the other terms and conditions of this Agreement shall rema...in in full force and effect. The annual rate of base salary in effect at any given time is sometimes referred to in this Agreement as "Base Salary." The Executive shall be eligible for an annual cash incentive bonus, subject to such performance conditions as shall be approved by the Compensation Committee of the Board, having a target value equal to not less than 150% of Base Salary, and payable not later than March 15th after the end of the applicable performance period. The Executive shall also be eligible for an annual equity incentive award, subject to the approval of the Compensation Committee of the Board, which for each of year shall have a target grant date value equal to not less than 300% of Base Salary, and subject in each case to such performance conditions, and such other terms and conditions set forth in the applicable award agreements, as are approved by the Compensation Committee of the Board. (b) During the term of this Agreement, the Executive shall be entitled to (i) participate in such employee benefit plans and programs as are generally available to other senior executives of the Company who hold positions of similar responsibility to those of the Executive (provided, however, that nothing in this Agreement shall entitle the Executive to participate in the Company's 401(k) plan following the termination of his employment for any reason), (ii) reimbursement, in accordance with policies and procedures established by the Company from time to time, for all items of expense reasonably and necessarily incurred by the Executive on behalf of the Company, (iii) such holidays as are generally available to employees of the Company, and (iv) annual paid time off in accordance with Company policies applicable to senior executives of the Company; in each case as such plans, programs, policies and procedures are in effect or amended in the Company's discretion. View More

Salary and Benefits. Until his Retirement Date, the Executive shall continue to be paid his current annual base salary, payable in accordance with the Company's regular pay practices and subject to applicable withholdings, and the Executive shall continue to be provided with all other benefits in accordance with Section 1 of Exhibit A of the Employment Agreement and past practice, except as expressly provided herein. The Executive shall also continue to be eligible for a bonus, if any, pursuant to the Company's Annu...al Incentive Compensation Plan for Senior Executives based upon his employment with the Company in calendar year 2022 and the performance metrics under such plan, with any such bonus to be paid to Employee (or in the event of death to his estate) in 2023 consistent with past practices of the Company. During the remaining term of the Executive's employment, the Executive shall not receive, and shall not be entitled to receive, any long-term equity incentive grants pursuant to the Company's award and option plan or otherwise. View More

Salary and Benefits. You will be paid a salary as follows: a. For the period from May 1, 2015 to April 30, 2016, you will be paid, on a semi-monthly basis, an annualized salary of $550,000. b. Commencing May 1, 2016 and each April 1 thereafter, your salary shall be increased by three percent (3%). Such salary and any other compensation to be paid to you hereunder will be subject to all payroll deductions or withholding authorized by you or required by federal, state or local laws or regulations. In addition, you wil...l be eligible to participate in the Company's 401(k) Plan and you will be provided with coverage under the Company's employee benefit insurance plans and any other benefits generally available to officers of the Company on the same terms as generally offered to officers of the Company. View More

Salary and Benefits. (a) Salary. During the Employment Period, the Company will pay Executive an annual base salary equal to the the same rate as in effect prior to the Effective Date as compensation for services and will be subject to increases effective as of that date base salary adjustments are effective for the Company's senior management group taken as a whole, as determined by the Compensation Committee of the Board (the "Compensation Committee") from time to time (such base salary as modified from time to ti...me, the "Base Salary"). The Base Salary will be payable in regular installments in accordance with the general payroll practices of the Company. (b) Bonus. In addition to the Base Salary, the Board shall award a bonus (the "Annual Bonus") to Executive following the end of each fiscal year during the Employment Period. The target bonus shall be 100% of the annual Base Salary based upon achievement of objective performance goals established by the Compensation Committee, after consultation with Executive, no later than 30 days after the commencement of the relevant performance period. The Compensation Committee shall establish additional performance thresholds above and below the target at which the Annual Bonus shall range from 50% to that percentage in excess of 100% of Base Salary permitted by the Company's then existing Management Bonus Plan. Unless the Compensation Committee otherwise determines, the performance period shall be the fiscal year and the performance goals may be based upon Executive's and the Company's performance, including the Company's performance relative to budgeted EBITDA, numbers of subscribers, capital expenditures, customer satisfaction, and other goals established by the Compensation Committee. The target performance thresholds established by the Compensation Committee shall be plausible and achievable, as determined in the Compensation Committee's good faith after consultation with Executive, and shall be adjusted as necessary to reflect unusual or extraordinary events, accounting changes, or other events affecting the performance thresholds. For purposes of this paragraph, Base Salary shall mean the rate of Base Salary in effect at the end of the fiscal year. The Annual Bonus shall be paid during the calendar year following the performance year, on a date determined by the Board. Other than as provided in Section 4(b), Executive must be employed at the time the Annual Bonus is paid to be eligible for such Annual Bonus. (c) Benefits. During the Employment Period, Executive shall be eligible to participate in the health, dental, vision, life and long term disability insurance plans as the Board may establish or approve from time to time for senior executive officers of the Company, subject to the applicable plan's terms. 2 (d) Reimbursement of Expenses. During the Employment Period, the Company will reimburse Executive for all reasonable expenses incurred by him in the course of performing his duties under this Agreement and which are consistent with the Company's policies in effect from time to time with respect to travel, entertainment and other business expenses, subject to the Company's requirements with respect to reporting and documentation of such expenses. View More

Salary and Benefits. a. Salary. The Executive will receive an annual base salary of $400,000, payable in equal installments according to the Company's regular paydays, less any applicable taxes and withholding (the "Base Annual Compensation"). The Base Annual Compensation may be increased, in the discretion of the Company's Compensation Committee, with reference to the increase in base compensation given, in the same time period, to the Company's employees and other senior executive officers and such other factors a...s may be considered by the Company's Compensation Committee, in its sole discretion. -1- b. Discretionary Bonus. The Executive is eligible for a discretionary annual bonus (an "Annual Bonus") of up to one hundred percent (100%) of his then-applicable Base Annual Compensation, subject to the approval of the Company's Compensation Committee, in its sole discretion. Any Annual Bonus earned by the Executive will be paid within two and one-half (2 1/2) months following the end of the year in which the Annual Bonus is earned. c. Benefit Coverage. During the Employment Term, the Company shall pay for the cost of medical and dental coverage for the Executive and the Executive's dependents under the Company's established medical and dental benefit plans at no cost to the Executive; provided, that if the provision of any such coverage under a fully-insured plan would subject the Company to an excise tax, then the foregoing provision shall not apply. The Executive is entitled to participate in all other executive benefit programs and plans established by the Company from time to time for the benefit of its executives generally and for which the Executive is eligible. During the Employment Term, the Company will pay to Executive an amount equal to the expense of life insurance coverage currently maintained by Executive (payable in installments throughout the year according to the Company's regular paydays, less any applicable taxes and withholding). d. Vacation and Holidays. The Executive is entitled to paid vacation time in accordance with the vacation policies established by the Company for its employees, as may be amended from time to time; provided that the minimum vacation to be provided to the Executive per year shall be four (4) weeks. The Executive will also be entitled to the paid holidays as set forth in the Company's policies. e. Automobile Allowance. The Executive will receive One Thousand Dollars ($1,000.00) per month as an allowance in respect of automobile expenses. f. Equity Incentive Grants. The Executive is eligible for equity incentive grants under the Entravision Communications Corporation 2004 Equity Incentive Plan. g. Expenses. The Company will pay on behalf of the Executive (or reimburse the Executive for) reasonable expenses incurred by the Executive at the request of, or on behalf of, the Company in performance of the Executive's duties pursuant to this Agreement, and in accordance with the Company's employment policies. The Executive must prepare and submit expense reports with respect to such expenses in accordance with the Company's policies. h. Miscellaneous. The Company will indemnify the Executive consistent with the Company's other executive officers and its legal obligations under California Labor Code Section 2802. View More