ADJUSTMENTS TO COMPENSATION. (a) The Board of Directors of Employer ("Board"), or the Compensation Committee, will review Employee's Base Wages no less than annually at which time it will determine increases, if any, to Employee's Base Wages. Base Wages cannot be reduced except by mutual agreement between Employer and Employee. (b) Employee hereby authorizes Employer to withhold and withdraw from amounts payable to Employee under this Agreement all applicable amounts required by federal, state and local laws.
Appears in 2 contracts
Samples: Employment Agreement (Hawk Corp), Employment Agreement (Hawk Corp)
ADJUSTMENTS TO COMPENSATION. (a) The Board of Directors of Employer ("Board"), or the Compensation CommitteeCommittee thereof, will review Employee's Base Wages no less than annually at which time it will determine increases, if any, increases to Employee's Base Wages. Base Wages cannot be reduced except by mutual agreement between Employer and Employee.
(b) Employee hereby authorizes Employer to withhold and withdraw from amounts payable to Employee under this Agreement all applicable amounts required by federal, state and local laws.
Appears in 2 contracts
Samples: Employment Agreement (Hutchinson Products Corp), Employment Agreement (Hutchinson Products Corp)
ADJUSTMENTS TO COMPENSATION. (a) The Board of Directors of Employer ("Board"), or the Compensation Committee, will review Employee's ’s Base Wages no less than annually at which time it will determine increases, if any, to Employee's ’s Base Wages. Base Wages cannot be reduced except by mutual agreement between Employer and Employee.
(b) Employee hereby authorizes Employer to withhold and withdraw from amounts payable to Employee under this Agreement all applicable amounts required by federal, state and local laws.
Appears in 1 contract
Samples: Employment Agreement (Hawk Corp)