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Common use of Annual Base Compensation Clause in Contracts

Annual Base Compensation. As compensation for services rendered under this Agreement, Employee shall be entitled to receive from Company an annual base salary (before standard deductions) of no less than $75,000 during the initial term of this Agreement. Employees' annual base salary shall be subject to review and adjustment by the Compensation Committee of the Company on an annual basis, provided that there shall not be any downward adjustment. Employees' annual base salary shall be payable at regular intervals in accordance with the prevailing practice and policy of the Company.

Appears in 2 contracts

Samples: Employment Agreement (Lakota Technologies Inc), Employment Agreement (Lakota Technologies Inc)

Annual Base Compensation. As compensation for services rendered under this Agreement, Employee shall be entitled to receive from Company an annual base salary of $160,000 (before standard deductions) of no less than $75,000 during the initial term first year of this Agreement. Employees' Employee's annual base salary shall be subject to review and adjustment by the Compensation Committee of the Company Board on an annual basis, provided that there shall not be any downward adjustment. Employees' Employee's annual base salary shall be payable at regular intervals (at least monthly) in accordance with the prevailing practice and policy of the Company.

Appears in 1 contract

Samples: Employment Agreement (Ilex Oncology Inc)

Annual Base Compensation. As compensation for services rendered under this Agreement, Employee shall be entitled to receive from Company an annual base salary of $175,000 (before standard deductions) of no less than $75,000 during the initial term first year of this Agreement. Employees' Employee's annual base salary shall be subject to review and adjustment by the Compensation Committee of the Company Board on an annual basis, provided that there shall not be any downward adjustment. Employees' Employee's annual base salary shall be payable at regular intervals (at least monthly) in accordance with the prevailing practice and policy of the Company.

Appears in 1 contract

Samples: Employment Agreement (Ilex Oncology Inc)

Annual Base Compensation. As compensation for services rendered under this Agreement, Employee shall be entitled to receive from Company the Employer an annual base salary (before standard deductions) of no less than $75,000 260,000 during the initial term Term of this AgreementEmployment. Employees' annual base salary shall be subject to review and adjustment by the Compensation Committee of the Company on an annual basis, provided that there shall not be any downward adjustment. Employees' ’ annual base salary shall be payable at regular intervals on a bi-weekly basis and in accordance with the prevailing practice and policy of the CompanyEmployer.

Appears in 1 contract

Samples: Employment Agreement (Sharps Compliance Corp)