Adjustments to Base Salary. The Base Salary shall be increased from time to time as the Board shall determine taking into account the success of Holdings, the performance of Executive, the size, revenues, and earnings of the businesses held or operated, or contemplated to be held or operated, by Holdings and other market factors. Once so increased, the increased amount shall constitute Executive's Base Salary hereunder.
Adjustments to Base Salary. Corporation and Employee shall, from time to time, reflect increases in Employee's base salary as provided for in Paragraph 5 by entering the change on the "Schedule of Compensation," as shown by the form attached hereto as Exhibit "A" and made a part hereof. If an increase in compensation is entered on said Schedule and duly signed by the proper officers of Corporation and by Employee, said entry shall constitute an amendment to this Employment Agreement as of the date of said entry and shall supersede the base salary provided for in Paragraph 5 and any other increases in Employee's base salary previously entered on said Schedule.
Adjustments to Base Salary. The monthly Base Salary shall be automatically increased by Two Thousand Five Hundred Dollars ($2,500) per month upon Company first achieving each of the following milestones (to be measured at the end of each fiscal quarter on the basis of the trailing twelve (12) months): (i) One Million Five Hundred Thousand Dollars ($1,500,000) in Earnings Before Interest, Taxes, Depreciation and Amortization (“EBITDA”) ; (ii) Two Million Five Hundred Thousand Dollars ($2,500,000) in EBITDA; (iii) Three Million Five Hundred Thousand Dollar ($3,500,000) in EBITDA; and (iv) Four Million Five Hundred Thousand Dollars ($4,500,000) in EBITDA.
Adjustments to Base Salary. The Chairman of the Board of Directors of EWOK or his designee shall review XXXXX' salary and performance on an annual basis (commencing on or about January 1, 2000, and on or about January 1 of each succeeding year while XXXXX remains employed by EWOK) and may, in his discretion, make increases to the base salary based upon XXXXX' performance in the preceding year. Adjustments to the base salary, if any, shall be effective as of January 1 of the involved year.
Adjustments to Base Salary. The Compensation Committee of the Board (or in the absence of a compensation committee, the Board committee performing equivalent functions or the entire Board of Directors of the Company) shall review the Base Salary of the Employee and determine whether to adjust it; provided however that the Base Salary for any fiscal year shall not be less than the initial Base Salary to be paid to the Employee hereunder. The first such review shall occur prior to July 1, 1998 (California time); thereafter, such reviews shall occur within three months of the end of each of the Company's fiscal years, commencing with the Company's fiscal year ending December 31, 1998.
Adjustments to Base Salary. Commencing January 1, 1999, the Base Salary to be paid to the Employee during each year shall be increased by any increase in the cost of living determined in accordance with the formula set forth in subparagraphs (i), (ii) and (iii) hereinbelow.
(i) For the purposes of this paragraph 4(B), the following definition shall apply:
Adjustments to Base Salary. The base monthly salary shall be automatically increased by $2,500 for each performance deliverable as follows:
(i) upon completion and FCC approval of the PocketFinder device; (ii) at such time as the Company receives revenue from initial sales of its products; and, (iii) upon attaining 250,000 subscribers. Executive’s monthly base salary shall then be increased by $5,000 upon attaining 500,000 subscribers and by $10,000 dollars upon attaining the major milestone of 1,000,000 subscribers. Monthly salaries will continue to be increased by $10,000 dollars upon each additional 500,000 subscribers added above the 1,000,000-customer base. Furthermore, monthly salary bases will be increased by $10,000 for each country the Company’s products successfully achieve cash flow in.
Adjustments to Base Salary. Executive's Base Salary may be increased (but not decreased) by the Board in its sole discretion.
Adjustments to Base Salary. Upward adjustments to Executive’s Base Salary shall be determined by the compensation committee of the Board (the “Committee”) in its sole discretion. For so long as Executive is employed by Employer there shall be no reductions in Executive’s Base Salary, as adjusted.
Adjustments to Base Salary. If actual EBITDA for a six-month Measuring Period is less than Threshold EBITDA for that Measuring Period, an adjustment will be made to the Base Salary for the Executive effective for the next Measuring Period. Base Salary for the next six-month Measuring Period will be the lesser of $250,000 or $250,000 plus ($70,000 times (X divided by Y)) Where
