1Base Salary. During the Employment Term, the Employee will be entitled to receive a base salary (“Base Salary”) at an annual rate of not less than $364,000 for services rendered to the Company, payable in accordance with the Employer’s regular payroll practices. The Employee’s Base Salary shall be reviewed annually by the Board and may be adjusted upward in the Board’s sole discretion, but not downward.
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Samples: Employment Agreement (Amplify Energy Corp.), Employment Agreement (Amplify Energy Corp.), Employment Agreement (Amplify Energy Corp.)
1Base Salary. During the Employment Term, the Employee will be entitled to receive a base salary (“Base Salary”) at an annual rate of not less than $364,000 for services rendered to the CompanyCompany and any of its direct or indirect subsidiaries, payable in accordance with the EmployerCompany’s regular payroll practices. The Employee’s Base Salary shall be reviewed annually by the Board and may be adjusted upward in the Board’s sole discretion, but not downward. .
Appears in 2 contracts
Samples: Employment Agreement (Amplify Energy Corp.), Employment Agreement (Amplify Energy Corp.)
1Base Salary. During the Employment Term, the Employee will be entitled to receive a base salary (“Base Salary”) at an annual rate of not less than $364,000 520,000 for services rendered to the Company, payable in accordance with the Employer’s regular payroll practices. The Employee’s Base Salary shall be reviewed annually by the Board and may be adjusted upward in the Board’s sole discretion, but not downward.
Appears in 1 contract
1Base Salary. During the Employment Term, the Employee will be entitled to receive a base salary (“Base Salary”) at an annual rate of not less than $364,000 255,000 for services rendered to the Company, payable in accordance with the Employer’s regular payroll practices. The Employee’s Base Salary shall be reviewed annually by the Board and may be adjusted upward in the Board’s sole discretion, but not downward.
Appears in 1 contract
1Base Salary. During the Employment Term, the Employee will be entitled to receive a base salary (“Base Salary”) at an annual rate of not less than $364,000 322,400 for services rendered to the Company, payable in accordance with the Employer’s regular payroll practices. The Employee’s Base Salary shall be reviewed annually by the Board and may be adjusted upward in the Board’s sole discretion, but not downward.
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