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Common use of Annual Base Compensation Clause in Contracts

Annual Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $700,000 per annum, payable in cash not less frequently than monthly.

Appears in 7 contracts

Samples: Employment Agreement (NewtekOne, Inc.), Employment Agreement (NewtekOne, Inc.), Employment Agreement (NewtekOne, Inc.)

Annual Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $700,000 335,000 per annum, payable in cash not less frequently than monthly.

Appears in 4 contracts

Samples: Employment Agreement (Newtek Business Services Corp.), Employment Agreement (Newtek Business Services Corp.), Employment Agreement (Newtek Business Services Corp.)

Annual Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $700,000 360,000 per annum, payable in cash not less frequently than monthly.

Appears in 3 contracts

Samples: Employment Agreement (NewtekOne, Inc.), Employment Agreement (Newtek Business Services Corp.), Employment Agreement (Newtek Business Services Corp.)

Annual Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $700,000 400,000 per annum, payable in cash not less frequently than monthly.

Appears in 3 contracts

Samples: Employment Agreement (NewtekOne, Inc.), Employment Agreement (NewtekOne, Inc.), Employment Agreement (Newtek Business Services Corp.)

Annual Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $700,000 550,000 per annum, payable in cash not less frequently than monthly.

Appears in 3 contracts

Samples: Employment Agreement (Newtek Business Services Corp.), Employment Agreement (Newtek Business Services Corp.), Employment Agreement (Newtek Business Services Corp.)

Annual Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $700,000 500,000 per annum, payable in cash not less frequently than monthly.

Appears in 2 contracts

Samples: Employment Agreement (NewtekOne, Inc.), Employment Agreement (Newtek Business Services Corp.)

Annual Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $700,000 300,000 per annum, payable in cash not less frequently than monthly. Additionally, the Chief Executive Officer and the Board shall review, not less often than annually, the rate of the Executive’s salary and may decide to further increase Executive’s salary.

Appears in 1 contract

Samples: Employment Agreement (Newtek Business Services Corp.)

Annual Base Compensation. The Company agrees to pay the Executive during Executive: (i) from the term of this Agreement Effective Date through February 28, 2023, a salary at the rate of $700,000 500,000 per annum, and (ii) from March 1, 2023 through the balance of the Term, a salary at the rate of $650,000 per annum, payable in cash not less frequently than semi-monthly, which sums may increase from time to time.

Appears in 1 contract

Samples: Employment Agreement (NewtekOne, Inc.)

Annual Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $700,000 625,000 per annum, payable in cash not less frequently than monthly.

Appears in 1 contract

Samples: Employment Agreement (NewtekOne, Inc.)

Annual Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $700,000 433,000 per annum, payable in cash not less frequently than monthly.

Appears in 1 contract

Samples: Employment Agreement (NewtekOne, Inc.)

Annual Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $700,000 350,000 per annum, payable in cash not less frequently than monthly.

Appears in 1 contract

Samples: Employment Agreement (Newtek Business Services Corp.)

Annual Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $700,000 325,000 per annum, payable in cash not less frequently than monthly.

Appears in 1 contract

Samples: Employment Agreement (Newtek Business Services Corp.)

Annual Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $700,000 275,000 per annum, payable in cash not less frequently than monthly.

Appears in 1 contract

Samples: Employment Agreement (Newtek Business Services Corp.)

Annual Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $700,000 500,000 per annum, payable in cash not less frequently than semi-monthly, which sum may increase from time to time.

Appears in 1 contract

Samples: Employment Agreement (Newtek Business Services Corp.)

Annual Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $700,000 300,000 per annum, payable in cash not less frequently than monthly. Additionally, the Board shall review, not less often than annually, the rate of the Executive’s salary and may decide to further increase Executive’s salary.

Appears in 1 contract

Samples: Employment Agreement (Newtek Business Services Corp.)

Annual Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $700,000 600,000 per annum, payable in cash not less frequently than monthly. Additionally, the Board shall review, not less often than annually, the rate of the Executive’s salary and may decide to further increase his salary.

Appears in 1 contract

Samples: Employment Agreement (Newtek Business Services Corp.)

Annual Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $700,000 450,000 per annum, payable in cash not less frequently than monthly.

Appears in 1 contract

Samples: Employment Agreement (NewtekOne, Inc.)

Annual Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $700,000 per annum, payable in cash not less frequently than semi-monthly.

Appears in 1 contract

Samples: Employment Agreement (NewtekOne, Inc.)