Common use of Annual Salary Clause in Contracts

Annual Salary. During the Term, the Company shall pay Executive a base salary at the rate of $350,350 per annum, in accordance with the customary payroll practices of the Company applicable to senior executives, but not less frequently than monthly. The Compensation Committee (the “Compensation Committee”) of the Board shall review Executive’s base salary during the Term and may increase such amount as it may deem advisable (such salary, as the same may be increased, the “Annual Salary”). The Annual Salary shall be prorated for any partial calendar year during the Term.

Appears in 2 contracts

Samples: Employment Agreement (Renewable Energy Group, Inc.), Employment Agreement (Renewable Energy Group, Inc.)

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Annual Salary. During the Term, the Company shall pay to Executive a an annual base salary at in the rate amount of $350,350 per annum, in accordance with the customary payroll practices of the Company applicable to senior executives, but not less frequently than monthly350,000 dollars. The Compensation Committee (the “Compensation Committee”) of the Board shall review Executive’s base salary paid during the Term and may increase such amount shall be referred to in this Agreement as it may deem advisable (such salary, as the same may be increased, the “Annual Salary”). The Annual Salary shall be prorated subject to any tax withholdings and/or employee deductions that are applicable. The Annual Salary shall be paid to Executive in equal installments in accordance with the periodic payroll practices of the Company for any partial calendar year during the Termits employees.

Appears in 2 contracts

Samples: Employment Agreement (Petrosonic Energy, Inc.), Employment Agreement (Clearsign Combustion Corp)

Annual Salary. During the Term, Term the Company shall pay to the Executive a base an annual salary of $150,000 (the "Base Salary") payable in equal installments every two weeks. The Board of Directors shall review the performance of the Executive annually and thereafter, at the rate of $350,350 per annum, in accordance with the customary payroll practices of the Company applicable to senior executives, but not less frequently than monthly. The Compensation Committee (the “Compensation Committee”) sole discretion of the Board shall review Executive’s base salary during of Directors, determine whether the Term and may Executive is entitled to an increase such amount as it may deem advisable (such salary, as in the same may be increased, the “Annual Base Salary”). The Annual Salary shall be prorated for any partial calendar year during the Term.

Appears in 2 contracts

Samples: Employment Agreement (Muse Technologies Inc), Employment Agreement (Muse Technologies Inc)

Annual Salary. During the Term, Term the Company shall pay to the Executive a base an annual salary at the rate of $350,350 per annum, in accordance with the customary payroll practices of the Company applicable to senior executives, but not less frequently than monthly. The Compensation Committee 85,000 (the “Compensation Committee”) of "Base Salary"), payable in equal installments every two weeks. Executive shall be entitled to an annual increase in the Base Salary as determined by the Board shall review Executive’s base salary during the Term and may increase such amount as it may deem advisable (such salary, as the same may be increased, the “Annual Salary”). The Annual Salary shall be prorated for any partial calendar year during the Termof Directors or compensation committee thereof.

Appears in 2 contracts

Samples: Employment Agreement (Pacific Biometrics Inc), Employment Agreement (Pacific Biometrics Inc)

Annual Salary. During the Term, Term the Company shall pay to the Executive a base an annual salary at the rate of $350,350 per annum, in accordance with the customary payroll practices of the Company applicable to senior executives, but not less frequently than monthly. The Compensation Committee 140,000 (the “Compensation Committee”) of "Base Salary"), payable in equal installments every two weeks. Executive shall be entitled to an annual performance based increase in the Base Salary as determined by the Board shall review Executive’s base salary during the Term and may increase such amount as it may deem advisable (such salary, as the same may be increased, the “Annual Salary”). The Annual Salary shall be prorated for any partial calendar year during the Termof Directors a compensation committee thereof.

Appears in 2 contracts

Samples: Employment Agreement (Pacific Biometrics Inc), Employment Agreement (Pacific Biometrics Inc)

Annual Salary. During the Employment Term, the Company shall pay to the Executive a base salary at the rate of One Hundred Fifty Thousand Dollars ($350,350 150,000) per annumyear (the "Annual Salary"), payable in substantially equal biweekly installments. The Company will review annually and may, in accordance with the customary payroll practices of the Company applicable to senior executives, but not less frequently than monthly. The Compensation Committee (the “Compensation Committee”) sole discretion of the Board shall review Executive’s of Directors of the Company, increase such base salary during in light of the Term and may increase such amount as it may deem advisable (such salaryExecutive's performance, as the same may be increased, the “Annual Salary”). The Annual Salary shall be prorated for any partial calendar year during the Terminflation in cost of living or other factors.

Appears in 2 contracts

Samples: Executive Employment Agreement (First Aviation Services Inc), Executive Employment Agreement (First Aviation Services Inc)

Annual Salary. During the Employment Term, the Company shall pay to the Executive a base salary at the rate of One Hundred Eighty Thousand Dollars ($350,350 180,000) per annumyear (the "ANNUAL SALARY"), payable in substantially equal biweekly installments. The Company will review annually and may, in accordance with the customary payroll practices of the Company applicable to senior executives, but not less frequently than monthly. The Compensation Committee (the “Compensation Committee”) sole discretion of the Board shall review Executive’s of Directors, increase such base salary during in light of the Term and may increase such amount as it may deem advisable (such salaryExecutive's performance, as the same may be increased, the “Annual Salary”). The Annual Salary shall be prorated for any partial calendar year during the Terminflation in cost of living or other factors.

Appears in 2 contracts

Samples: Executive Employment Agreement (First Aviation Services Inc), Executive Employment Agreement (First Aviation Services Inc)

Annual Salary. During the Employment Term, the Company shall pay to the Executive a base salary at the rate of Two Hundred Twenty Five Thousand Dollars ($350,350 225,000) per annumyear (the "Annual Salary"), payable in substantially equal biweekly installments. The Company will review annually and may, in accordance with the customary payroll practices of the Company applicable to senior executives, but not less frequently than monthly. The Compensation Committee (the “Compensation Committee”) sole discretion of the Board shall review Executive’s of Directors of the Company, increase such base salary during in light of the Term and may increase such amount as it may deem advisable (such salaryExecutive's performance, as the same may be increased, the “Annual Salary”). The Annual Salary shall be prorated for any partial calendar year during the Terminflation in cost of living or other factors.

Appears in 2 contracts

Samples: Executive Employment Agreement (First Aviation Services Inc), Executive Employment Agreement (First Aviation Services Inc)

Annual Salary. During the Term, Term the Company shall pay to the Executive a base an annual salary at the rate of $350,350 per annum, in accordance with the customary payroll practices of the Company applicable to senior executives, but not less frequently than monthly. The Compensation Committee 180,000 (the “Compensation Committee”) of "Base Salary"), payable in equal installments every two weeks. Executive shall be entitled to an annual performance based increase in the Base Salary as determined by the Board shall review Executive’s base salary during the Term and may increase such amount as it may deem advisable (such salary, as the same may be increased, the “Annual Salary”). The Annual Salary shall be prorated for any partial calendar year during the Termof Directors or compensation committee thereof.

Appears in 2 contracts

Samples: Employment Agreement (Pacific Biometrics Inc), Employment Agreement (Pacific Biometrics Inc)

Annual Salary. During the Term, the Company shall pay Executive a base salary at the rate of $350,350 600,000 per annum, in accordance with the customary payroll practices of the Company applicable to senior executives, but not less frequently than monthly. The Compensation Committee (the “Compensation Committee”) of the Board shall review Executive’s base salary during the Term and may increase such amount as it may deem advisable (such salary, as the same may be increased, the “Annual Salary”). The Annual Salary shall be prorated for any partial calendar year during the Term.

Appears in 1 contract

Samples: Employment Agreement (Renewable Energy Group, Inc.)

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Annual Salary. During the Term, the Company shall pay Executive a base salary at the rate of $350,350 800,000 per annum, in accordance with the customary payroll practices of the Company applicable to senior executives, but not less frequently than monthly. The Compensation Committee (the “Compensation Committee”) of the Board shall review Executive’s base salary during the Term and may increase such amount as it may deem advisable (such salary, as the same may be increased, the “Annual Salary”). The Annual Salary shall be prorated for any partial calendar year during the Term.

Appears in 1 contract

Samples: Employment Agreement (Renewable Energy Group, Inc.)

Annual Salary. During the Term, the Company shall pay to Executive a base minimum salary at the rate of $350,350 110,000 per annum, in accordance with equal bi-weekly installments, or at such other times as the customary payroll practices Company shall make payments of salary and wages to its employees generally. Executive's salary will be reviewed by the Board at the beginning of each of the Company applicable to senior executives, but not less frequently than monthly. The Compensation Committee (Company's fiscal years and in the “Compensation Committee”) sole discretion of the Board shall review Executive’s base salary during the Term and may increase such amount as it may deem advisable (such salary, as the same may be increased, the “Annual Salary”). The Annual Salary shall be prorated increased for any partial calendar year during the Termsuch year.

Appears in 1 contract

Samples: Employment Agreement (Quadramed Corp)

Annual Salary. During the Term, the Company shall pay to Executive a an annual base salary at in the rate amount of $350,350 per annum, in accordance with the customary payroll practices of the Company applicable to senior executives, but not less frequently than monthly223,267.20 dollars. The Compensation Committee (the “Compensation Committee”) of the Board shall review Executive’s base salary paid during the Term and may increase such amount shall be referred to in this Agreement as it may deem advisable (such salary, as the same may be increased, the “Annual Salary”). The Annual Salary shall be prorated subject to any tax withholdings and/or employee deductions that are applicable. The Annual Salary shall be paid to Executive in equal installments in accordance with the periodic payroll practices of the Company for any partial calendar year during its employees. The Annual Salary will be subject to review and adjustment at the Termdiscretion of the Board no less frequently than annually.

Appears in 1 contract

Samples: Employment Agreement (Ideal Power Inc.)

Annual Salary. During the Term, the Company shall pay Executive a base salary at the annual rate of $350,350 per annumof: Year 1: $ 520,000 Year 2: $ 520,000 Year 3: $ 570,000 Year 4: $ 620,000 Year 5: $ 620,000 Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as the “Base Rate”. The Base Rate shall be payable in accordance with the customary payroll practices of Company’s normal pay periods for exempt employees (bi-weekly). For any extension period, Executive’s Base Rate shall be determined by the Company applicable to senior executives, but not less frequently than monthly. The Compensation Committee (the “Compensation Committee”) of Chief Executive Officer and approved by the Board shall review Executive’s base salary during the Term and may increase such amount as it may deem advisable (such salary, as the same may be increased, the “Annual Salary”). The Annual Salary shall be prorated for any partial calendar year during the Termof Directors.

Appears in 1 contract

Samples: Employment Agreement (St John Knits International Inc)

Annual Salary. During the Term, the Company shall pay Executive a base salary at the rate of $350,350 330,000 per annum, in accordance with the customary payroll practices of the Company applicable to senior executives, but not less frequently than monthly. The Compensation Committee (the “Compensation Committee”) of the Board shall review Executive’s base salary during the Term and may increase such amount as it may deem advisable (such salary, as the same may be increased, the “Annual Salary”). The Annual Salary shall be prorated for any partial calendar year during the Term.

Appears in 1 contract

Samples: Employment Agreement (Renewable Energy Group, Inc.)

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