Current Base Salary Sample Clauses

Current Base Salary. Effective the first full pay period after City Council formal approval of this AGREEMENT at a regularly scheduled City Council meeting, EMPLOYEE shall receive One Hundred Ninety Thousand Dollars ($190,000.00) as his annual base salary for the city manager position (Salary), which shall be paid on a pro-rated basis bi-weekly at the same time as other employees of the CITY are paid. Effective the first full pay period after City Council formal approval of the FIRST AMENDMENT on February 18, 2020, EMPLOYEE shall receive a two percent (2%) increase to his Salary to One Hundred Ninety-Three Thousand Seven Hundred Ninety-Nine Dollars and Sixty Seven Cents ($193,799.67) annually. The continuation of this two percent salary increase shall be contingent upon the implementation of employee pension cost sharing of 1% pursuant to Government Code section 20516 within a reasonable period after City Council approval. Accordingly, as a CalPERS Tier 2 classic member, EMPLOYEE shall pay seven percent (7%) as employee contribution, plus an additional one percent (1%) as ongoing employee cost sharing, for a total employee contribution of eight percent (8%). Effective the first pay period of Fiscal Year 2020-2021, and contingent upon implementation of a CalPERS Contract Amendment pursuant to Government Code section 20516 and employee pension cost sharing of one percent (1%) referenced above, EMPLOYEE shall receive an additional three percent (3%) increase to his Salary to One Hundred Ninety-Nine Thousand Six Hundred Thirteen Dollars and Sixty Six Cents ($199,613.66) annually. The Salary shall be subject to the normal and proper withholdings as determined by state and federal law and as determined appropriate by the City Council and shall be subject to payroll taxes, workers’ compensation, and other payroll-related liability costs.”
Sample 1
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Current Base Salary. Xx. Xxxxxx-Xxxxxx shall continue to receive his current annual base salary in effect as of the date of this Agreement through January 31, 2012, which will be paid through Walmart’s regular payroll, less applicable withholdings;
Sample 1
Current Base Salary. Your current base salary will be periodically reviewed, paid semi-monthly and subject to withholding of all applicable taxes and benefit deductions.
Sample 1
Current Base Salary. Executive shall continue to receive an annualized base salary at the rate of $1,020,000 (the “Current Base Salary”), payable in accordance with the Company’s payroll practices in effect from time to time. The Current Base Salary shall continue in effect until the later of (i) December 31, 2021 or (ii) the Transition Date.
Sample 1
Current Base Salary. Effective the first full pay period after City Council formal approval of this AGREEMENT at a regularly scheduled City Council meeting, EMPLOYEE shall receive One Hundred Ninety Thousand Dollars ($190,000.00) as his annual base salary for the city manager position (Salary), which shall be paid on a pro-rated basis bi- weekly at the same time as other employees of the CITY are paid. The Salary shall be subject to normal and proper withholdings as determined by state and federal law and as determined appropriate by the City Council and shall be subject to payroll taxes, workers’ compensation, and other payroll-related liability costs.
Sample 1

Related to Current Base Salary

  • Annual Base Salary During the Term, the Executive shall receive a base salary at an initial rate of $550,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion (the “Annual Base Salary”).

  • 1Base Salary During the Period of Employment, the Company shall pay the Executive a base salary (the “Base Salary”), which shall be paid biweekly or in such other installments as shall be consistent with the Company’s regular payroll practices in effect from time to time. The Executive’s Base Salary shall be at an annualized rate of Seven Hundred Thousand dollars ($700,000.00). The Compensation Committee of the Board (the “Compensation Committee”) will review the Executive’s rate of Base Salary on an annual basis and may, in its sole discretion, increase (but not decrease) the rate then in effect.

  • Base Salary During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $250,000, payable in regular installments in accordance with the Company's usual payment practices. Executive shall be entitled to such increases in Executive's base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive's annual rate of base salary, as in effect from time to time, is hereinafter referred to as the "Base Salary."

  • Annual Salary Executive's compensation shall consist of an annual base salary (the "Annual Salary") of one hundred fifty thousand dollars ($150,000), before all customary payroll deductions. The Annual Salary shall be reviewed, and shall be subject to change, by the Board of Directors of Employer (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.

  • Annual Base Compensation The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $335,000 per annum, payable in cash not less frequently than monthly.

  • Salary No salary will be paid to a Member for the performance of his or her duties under this Agreement unless the salary has been approved in writing by a Majority of the Members.

  • Base Compensation a. The Company and the Bank agree to pay Executive during the term of this Agreement a base salary at the rate of $ per year, payable in accordance with customary payroll practices.

  • Base Salary and Bonus As compensation for the Executive's services under this Agreement, the Executive shall receive and the Company shall pay a weekly base salary set forth on Exhibit A. Such base salary may be increased but not decreased during the Term or Renewal Period in the Company's discretion based upon the Executive's performance and any other factors the Company deems relevant. Such base salary shall be payable in accordance with the policy then prevailing for the Company's executives. In addition to such base salary, the Executive shall be entitled during the Term or Renewal Period to a performance bonus set forth on Exhibit A and to participate in and receive payments from, at the Company's election, other bonus and other incentive compensation plans, if any, as may be adopted by the Company.

  • Base Salary and Incentive Compensation Executive’s initial annual base salary shall be three hundred nine thousand dollars ($309,000). Executive’s base salary shall be redetermined annually by the Board or a Committee thereof. The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in substantially equal installments on a bi-weekly or more frequent basis. In addition to Base Salary, Executive shall be eligible to receive cash incentive compensation as determined by the Board or a Committee thereof from time to time, and shall also be eligible to participate in such incentive compensation plans as the Board or a Committee thereof shall determine from time to time for employees of the same status within the hierarchy of the Company.

  • Annual Bonus Compensation In addition to your Salary, during the Employment Term you shall be eligible to earn an annual bonus for each whole or partial calendar year during the Employment Term, determined and payable as follows (the “Bonus”):

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