1Base Salary. The Company shall pay the Executive an annualized base salary of $1.00 payable in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary may be reviewed from time to time by the Board in its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.
Appears in 1 contract
Sources: Executive Employment Agreement (Bakhu Holdings, Corp.)
1Base Salary. The Company shall pay During the Executive an annualized Term, the Executive’s annual base salary of $1.00 payable (the “Base Salary”) shall be paid in accordance with the CompanyCorporation’s customary regular payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary may be reviewed from time to time by the Board in its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “but not less frequently than in monthly installments, and pro-rated for any partial years of employment. As of the Effective Date, the Executive’s Base Salary”Salary shall be at an annualized rate of $500,000.
Appears in 1 contract
1Base Salary. The Company shall pay the Executive an annualized Executive’s initial base salary will be paid at the rate of $1.00 payable 500,000 per year, paid in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthlyas in effect from time to time. The Executive’s base salary may be reviewed from time subject to time periodic review and adjustments by the Board in its discretionor the Compensation Committee of the Company’s Board (the “Committee”). The Executive’s annual base salary, as salary in effect from at any given time to time, is hereinafter referred to herein as the “Base Salary.”.
Appears in 1 contract
Sources: Employment Agreement (Collegium Pharmaceutical, Inc)
1Base Salary. The Company shall pay the Executive an annualized a base salary of Three Hundred Twenty Thousand Dollars ($1.00 320,000) per year. Base salary shall be payable in equal installments twice monthly or at more frequent intervals in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthlypay schedule. The Company shall annually consider increases of Executive’s base salary and may be reviewed from time to time by the Board periodically increase such base salary in its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.
Appears in 1 contract
1Base Salary. The Company shall pay the Executive an annualized annual base salary of $1.00 payable 1,000,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws. Base salary is currently paid twice per month on the 15th and last day of each month. During the Employment Term, but no less frequently than monthly. The the Executive’s base salary may shall be reviewed from time to time automatically increased by 5% on a cumulative basis effective on each anniversary of the Board in its discretionEffective Date. The Executive’s 's annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.
Appears in 1 contract
1Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $1.00 payable 622,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary may shall be reviewed from time to time at least annually by the Board in its discretionand the Board may increase but not decrease the Executive’s base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.”
Appears in 1 contract
Sources: Employment Agreement (Dragonfly Energy Holdings Corp.)
1Base Salary. The Company shall pay the Executive an annualized annual base salary of $1.00 payable 400,000 USD in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary may can discretionarily be reviewed from time to time by time-to-time, and Company may, but shall not be required to, increase the Board in its discretionbase salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.
Appears in 1 contract
1Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $1.00 payable 370,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary may shall be reviewed from time to time at least annually by the Board in its discretionand the Board may increase but not decrease the Executive’s base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.”
Appears in 1 contract
Sources: Employment Agreement (Dragonfly Energy Holdings Corp.)
1Base Salary. The Company shall pay the Executive an annualized annual base salary of $1.00 payable 375,000 USD in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary may can discretionarily be reviewed from time to time by time-to-time, and Company may, but shall not be required to, increase the Board in its discretionbase salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.
Appears in 1 contract