Example ContractsClausesCompensation and Benefits During Employment
Compensation and Benefits During Employment
Compensation and Benefits During Employment contract clause examples

Compensation and Benefits During Employment. [[Nucor Corporation:Organization]] will provide the following compensation and benefits to Executive:

COMPENSATION AND BENEFITS DURING EMPLOYMENT. During the Employment, the Company shall provide compensation and benefits to the Executive as follows.

Compensation During Employment Period. As compensation for the services to be rendered by Employee to the Company during the Employment Period, Employee shall be paid the compensation and benefits:

During Employment. Employee shall be eligible to earn an annual performance bonus with a target amount equal to 40% (the "Target Percentage") of his Base Salary ("Annual Bonus"). The Annual Bonus will be based upon the Board's assessment of the Employee's performance and the Company's attainment of targeted goals as set by the Board in its sole discretion. The Annual Bonus, if any, will be subject to applicable payroll deductions and withholdings. Following the close of each calendar year, the Board will determine whether the Employee has earned the Annual Bonus, and the amount of any Annual Bonus, which can be above or below the Target Percentage, based on the set criteria. No amount of the Annual Bonus is guaranteed, and the Employee must be an employee in good standing on the Annual Bonus payment date to be eligible to receive an Annual Bonus; no partial or prorated bonuses will be provided. The Annual Bonus, if earned, will be paid no later than March 15 of the calendar year immediately following the applicable calendar year for which the Annual Bonus is being measured. The Employee's eligibility for an Annual Bonus is subject to change in the discretion of the Board (or any authorized committee thereof).

Compensation/Benefits. During the Transition Period, your base salary will remain the same, and you will continue to be eligible for the Company’s standard benefits, subject to the terms and conditions applicable to such plans and programs as an employee. Your Company equity awards will continue to vest under the existing terms and conditions set forth in the governing plan documents and option agreement.

. As compensation for all services to be rendered pursuant to this Agreement as an employee during the Term, the Company agrees to continue to pay the Executive a base salary, payable in accordance with the Company’s normal payroll practices, at the annual rate of two hundred thousand dollars ($200,000) less such deductions or amounts to be withheld as required by applicable law and regulations (the “Base Salary”). In the event that the CNCG Committee, in its sole discretion, from time to time determines to increase the Base Salary, such increased amount shall, from and after the effective date of the increase, constitute “Base Salary” for purposes of this Agreement.

Final Employment Compensation and Benefits. Except as expressly provided below, all compensation and benefits payable to Downing as an employee of [[Lindsay:Organization]] shall terminate on the Separation Date in accordance with the terms and conditions of the applicable policies, plans, and law. Downing’s final paycheck will be issued to Downing, less applicable withholdings, in accordance with [[Lindsay:Organization]]’s regular payroll practices and applicable law. Downing’s final paycheck will include payment of Downing’s accrued unused paid time off (“PTO”), if any, less applicable withholdings. If Downing is a participant in [[Lindsay:Organization]]’s 401(k) Plan (the “Plan”), Downing’s vested balance in the Plan shall be held, paid or rolled over pursuant to the terms of the Plan and applicable law. Downing acknowledges and agrees that, except as expressly set forth in this Agreement, Downing is not entitled to any additional amounts from [[Lindsay:Organization]] for wages, bonuses, PTO, severance compensation or employee benefits of any kind. All restricted stock units, nonqualified stock options, and performance stock units awarded to Downing will be administered in accordance with the terms and conditions of the applicable long-term incentive plan(s) and applicable options agreements or similar ancillary arrangements between Company and Downing.

Compensation During a Dispute. If the Change in Control Date occurs during the Term and the Executive’s employment with the Company terminates within 24 months following the Change in Control Date, and the right of the Executive to receive any benefits under this Agreement (or the amount or nature of the benefits to which he or she is entitled to receive) are the subject of a dispute between the Company and the Executive, - - the Company shall continue # to pay to the Executive his or her base salary in effect as of the Measurement Date and # to provide benefits to the Executive and the Executive’s family at least equal to those which would have been provided to them, if the Executive’s employment had not been terminated, in accordance with the applicable Benefit Plans in effect on the Measurement Date, until such dispute is resolved either by mutual written agreement of the parties or by an arbitrator’s award pursuant to Section 6.1, but in no event more than 12 months after the date of such dispute. Following the resolution of such dispute, the sum of the payments made to the Executive under [clause (a) of this Section 6.3] shall be deducted from any cash payment which the Executive is entitled to receive pursuant to Section 4; and if such sum exceeds the amount of the cash payment which the Executive is entitled to receive pursuant to Section 4, the excess of such sum over the amount of such payment shall be repaid (without interest) by the Executive to the Company within 60 days of the resolution of such dispute.

Pay and Benefits During Continued Employment Period. The Company shall pay you $150,000 per year, less applicable deductions and withholdings, to be paid in equal installments in accordance with the Company’s regular payroll cycles, with the exception of the final payment which will be paid within ten (10) days following the Effective Date of this Supplemental Release and Waiver (see section 7 and [appendix I]). You will be eligible for the same benefits, including health insurance, generally made available to Company employees but you will not be eligible for any incentive compensation programs.

During the Employment Period, Executive shall be entitled [[Organization B:Organization]] following compensation and benefits:

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