Common use of Adjustments to Base Salary Clause in Contracts

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.

Appears in 5 contracts

Samples: Employment Agreement (Madison River Capital LLC), Employment Agreement (Madison River Capital LLC), Employment Agreement (Madison River Capital LLC)

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Adjustments to Base Salary. The Beginning on the First Acquisition -------------------------- Closing Date, 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.

Appears in 3 contracts

Samples: Employment Agreement (Madison River Capital LLC), Employment Agreement (Madison River Capital LLC), Employment Agreement (Madison River Capital LLC)

Adjustments to Base Salary. The Base Salary shall be increased or -------------------------- decreased 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 increasedincreased or decreased, the increased amount shall constitute Executive's Base Salary hereunder.

Appears in 1 contract

Samples: Employment Agreement (Madison River Capital LLC)

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Adjustments to Base Salary. The Beginning on the First Acquisition Closing -------------------------- Date, 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.

Appears in 1 contract

Samples: Employment Agreement (Madison River Capital LLC)

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