Annual Base Compensation. Employer shall pay Xxxxxxxxx as annual base compensation (the “Annual Base Compensation”), payable in equal semimonthly payments, the sum of Nine Hundred Eighty Thousand Dollars ($980,000) during the term of this Agreement, which may be increased at the discretion of the Committee (as defined below), from time to time.
Appears in 2 contracts
Samples: Employment Agreement (City National Corp), Employment Agreement (City National Corp)
Annual Base Compensation. Employer shall pay Xxxxxxxxx as annual base compensation (the “Annual Base Compensation”), payable in equal semimonthly payments, the sum of Nine Hundred Eighty Seventy-Eight Thousand Five Hundred Twenty-Eight Dollars ($980,000978,528) during the term of this Agreement, which may be increased at the discretion of the Committee (as defined below), from time to time.
Appears in 2 contracts
Samples: Employment Agreement (City National Corp), Employment Agreement (City National Corp)