Compensation, General | Employment Contract Provision

Provision: Compensation, General

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Sample Provision

Company will pay you basic compensation for services at the annual rate of ____________________, payables semimonthly. The annual rate will be subject to review by company each year and maybe increased but not decreased. If you are selected to participate in a company bonus plan (the "incentive plan"), you will be entitled to the awards, if any, that may be payable under the terms of the incentive plan. You may elect to have all or any part of your compensation paid under the terms of any applicable deferred compensation plan.

Sample Provision

The Executive shall be paid by the company and annualized base salary, payable in accordance with the regular payroll practices of the company, of [specify annual salary]. During the term of employment, the base salary shall be reviewed no less than annually for increase or decrease in the discretion of the Board; provided, however, that the Board may decrease the base salary only is such decrease as part of an across-the-board reduction of the salaries which occur prior to a change in control and which affects all members of the senior management of the company.

Sample Provision

Company agrees to pay executive, and executive agrees to accept from company for his services hereunder, a base salary of [specify an amount in dollars]. Base salary shall be payable in accordance with the company's regular payroll practices.

Employment Contract Provision Index

• Littler Mendelson, P.C. | Employees Must Be Given Clear, Actual Notice of FMLA Policies (February 01, 2012)

• Ogletree Deakins | Can A Paid Break Become Unpaid? (February 02, 2012)

• Fisher & Phillips, LLP | Interviewing The Pawn Stars Way (February 02, 2012)

• Fisher & Phillips, LLP | It's 2012 And The NLRB Is Off To A Fast – And Controversial – Start (February 02, 2012)

• Fisher & Phillips, LLP | Obamacare By The Numbers (February 03, 2012)

• Jackson Lewis LLP | Warning: ICE Build-Up a Worry for Employers Navigating I-9 Compliance (February 03, 2012)

• Fisher & Phillips, LLP | New Clarifications and Guidance on W-2 Reporting (February 03, 2012)

• Gonzalez Saggio & Harlan | EEOC Outlines New Four-Year Strategic Plan (February 03, 2012)

• Young Conaway Stargatt & Taylor, LLP | 3d Cir. Finds Individual Supervisor Liable Under FMLA (February 01, 2012)

• Ford & Harrison LLP | DOL Proposes Revising FMLA Regulations (February 01, 2012)

• Ogletree Deakins | Indiana | Indiana Enacts Right-to-Work Law: Becomes the Only Right-to-Work State in the Central Midwest (February 02, 2012)

• Littler Mendelson, P.C. | New Mexico | Santa Fe Local Ordinance Sets Country's Highest Minimum Wage Requirement (February 02, 2012)

• Littler Mendelson, P.C. | California | A Moving Target: The California DLSE Modifies Again Its FAQs on California's New Wage Notice Required for Hourly Employees (February 01, 2012)

• Jackson Lewis LLP | Indiana | Indiana Adopts Right-to-Work Law (February 03, 2012)

• Littler Mendelson, P.C. | California | Is Rounding of Employee Time Entries Legal in California?--California Supreme Court Orders Appellate Court to Decide (January 31, 2012)

• Littler Mendelson, P.C. | California | California Court of Appeal Finds Employees Are Exempt Under California's Commissioned Sales Exemption (January 31, 2012)

• Ford & Harrison LLP | New York | New York's Wage Theft Prevention Act Requires Notice to Employees (January 30, 2012)

• Ford & Harrison LLP | California | Class-Action Antitrust Complaint Alleging an Unlawful Employer "No-Poaching" Conspiracy Appears to Have Survived a Motion to Dismiss (January 30, 2012)

• Young Conaway Stargatt & Taylor, LLP | Delaware | Delaware Court of Chancery Issues Guidelines for Attorneys (January 31, 2012)

• Littler Mendelson, P.C. | Pennsylvania | Pennsylvania Court Holds That Trustees May File Mechanics’ Lien to Obtain Delinquent Contributions to Health and Pension Funds (January 30, 2012)

• Third Circuit | Haybarger v. Lawrence County Adult Probation & Parole, No. 10-3916 (3d Cir. Jan. 31, 2012)

• Eleventh Circuit | Mulhall v. UNITE HERE Local 355, 2012 U.S. App. LEXIS 944 (11th Cir. Jan. 18, 2012)

• California | Muldrow v. Surrex Solutions Corporation

• California | Candy Shops, Inc. v. Superior Court of San Diego

• Pennsylvania | Bricklayers of Western Pennsylvania Combined Funds, Inc. v. Scott’s Development Company (Pa Sup. 2012)

• Sixth Circuit | Donald v. Sybra, Inc., No. 10-2153, 2012 WL 117612 (6th Cir. Jan. 17, 2012)

• California | Joaquin v. City of Los Angeles, No. B226685, California Court of Appeal (January 23, 2012)

• Supreme Court | United States v. Jones (US 2012)

• Seventh Circuit | Powers v. USF Holland, Inc., 7th Cir., No. 10-2363, December 15, 2011.

• Supreme Court | CompuCredit Corp. v. Greenwood, No. 10-948 (Jan. 10, 2012)

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