Common use of Annual Base Salary Clause in Contracts

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial rate of $550,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion (the “Annual Base Salary”).

Appears in 6 contracts

Samples: Employment Agreement (Container Store Group, Inc.), Employment Agreement (Container Store Group, Inc.), Employment Agreement (Container Store Group, Inc.)

AutoNDA by SimpleDocs

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 400,000 per annum, which shall be paid in accordance with the customary payroll practices of the CompanyEmployer, subject to review annually for possible increase, but not decrease, by the Board in the Board’s its sole discretion (the “Annual Base Salary”).

Appears in 5 contracts

Samples: Executive Employment Agreement (Cotiviti Holdings, Inc.), Executive Employment Agreement (Cotiviti Holdings, Inc.), Executive Employment Agreement (Cotiviti Holdings, Inc.)

Annual Base Salary. During the TermTerm (commencing as of the first pay period following the date of this Agreement), the Executive shall receive a base salary at an initial a rate of that is no less than $550,000 310,000 per annumannum payable in accordance with the Company’s normal payroll practices, which shall be paid in accordance with reviewed by the customary payroll practices Compensation Committee on or prior to each anniversary of the Company, subject to review annually for possible increaseEffective Date during the Term and may be increased, but not decreasedecreased, in the Board’s discretion upon such review (the “Annual Base Salary”).

Appears in 5 contracts

Samples: Employment Agreement (TransDigm Group INC), Employment Agreement (TransDigm Group INC), Employment Agreement (TransDigm Group INC)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 per annumannum (as increased from time to time, the “Annual Base Salary”), which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase. Such Annual Base Salary shall be reviewed (and may be increased, but not decrease, in decreased) from time to time by the Board or an authorized committee of the Board’s discretion (the “Annual Base Salary”).

Appears in 4 contracts

Samples: Employment Agreement (Alphabet Holding Company, Inc.), Employment Agreement (Nbty Inc), Employment Agreement (Nbty Inc)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate initially of $550,000 450,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually Company and shall be pro-rated for possible partial years of employment. Such annual base salary shall be reviewed (and may be adjusted for increase, but not decrease) from time to time (such annual base salary, in the Board’s discretion (as it may be adjusted from time to time, the “Annual Base Salary”) by the Board or its compensation committee (“Compensation Committee”).

Appears in 3 contracts

Samples: Employment Agreement (CG Oncology, Inc.), Separation Agreement and Release (CG Oncology, Inc.), Employment Agreement (CG Oncology, Inc.)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 215,000.00 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, increase as determined by the Board in the Board’s its sole discretion (the “Annual Base Salary”). The Executive’s Annual Base Salary will be reviewed annually by the Board and the Board may, in its sole discretion, increase the Annual Base Salary considering the Executive’s performance and that of the Company.

Appears in 3 contracts

Samples: Employment Agreement (STR Holdings (New) LLC), Employment Agreement (STR Holdings LLC), Employment Agreement (STR Holdings, Inc.)

Annual Base Salary. During the Term, and effective as of December 31, 2007, the Executive shall receive a base salary at an initial a rate of $550,000 500,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion Company (the “Annual Base Salary”). The Executive’s Annual Base Salary will be reviewed annually by the Board and the Board may, in its sole discretion and consistent with past practices, increase the Annual Base Salary considering the Executive’s performance and that of the Company.

Appears in 3 contracts

Samples: Employment Agreement (STR Holdings (New) LLC), Employment Agreement (STR Holdings LLC), Employment Agreement (STR Holdings, Inc.)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 250,000.00 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, increase as determined by the Board in the Board’s its sole discretion (the “Annual Base Salary”). The Executive’s Annual Base Salary will be reviewed annually by the Board and the Board may, in its sole discretion, increase the Annual Base Salary considering the Executive’s performance and that of the Company.

Appears in 3 contracts

Samples: Employment Agreement (STR Holdings (New) LLC), Employment Agreement (STR Holdings LLC), Employment Agreement (STR Holdings, Inc.)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 500,000 per annum, which shall be paid in accordance with the customary payroll practices of the CompanyCompany and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board (such annual base salary, subject as it may be adjusted from time to review annually for possible increasetime, but not decrease, in the Board’s discretion (the “Annual Base Salary”).

Appears in 3 contracts

Samples: Employment Agreement (Sight Sciences, Inc.), Employment Agreement (Lyra Therapeutics, Inc.), Employment Agreement (Homology Medicines, Inc.)

Annual Base Salary. During the TermEmployment Period, the Executive shall receive a an annual base salary at an initial rate of $550,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion (the “Annual Base Salary”)) of $1,250,000 payable in equal installments in accordance with the Partnership’s normal payroll practice for its senior executives, subject to the Executive’s continued active employment with the Company and the Partnership.

Appears in 3 contracts

Samples: Waiver and Release Agreement, Waiver and Release Agreement (General Growth Properties Inc), Employment Agreement (General Growth Properties Inc)

Annual Base Salary. During the TermEmployment Period, unless increased by the Board in its sole discretion, the Executive shall receive a an annual base salary at an initial rate of SEVEN HUNDRED AND FIFTY THOUSAND DOLLARS ($550,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion 750,000) (the “Annual Base Salary”), payable in equal installments in accordance with the Company’s normal payroll practice for its senior executives, subject to the Executive’s continued employment with the Company.

Appears in 3 contracts

Samples: Employment Agreement (Howard Hughes Corp), Employment Agreement (Howard Hughes Corp), Employment Agreement (Howard Hughes Corp)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of five hundred ten thousand dollars ($550,000 510,000) per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to annual review annually for and possible increase, increase (but not decrease, ) as determined by the Board in the Board’s its sole discretion (the “Annual Base Salary”).

Appears in 3 contracts

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

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 440,000 per annum, which shall be paid in accordance with the customary payroll practices of the CompanyCompany and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be increased) from time to time by the Board (such annual base salary, subject as it may be increased from time to review annually for possible increasetime, but not decrease, in the Board’s discretion (the “Annual Base Salary”).

Appears in 3 contracts

Samples: Employment Agreement (Cartesian Therapeutics, Inc.), Employment Agreement (Selecta Biosciences Inc), Employment Agreement (Selecta Biosciences Inc)

Annual Base Salary. During the TermEmployment Period, unless increased by the Board in its sole discretion, the Executive shall receive a an annual base salary at an initial rate of $550,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion 500,000 (the “Annual Base Salary”), payable in equal installments in accordance with the Company’s normal payroll practice for its senior executives, subject to the Executive’s continued active employment with the Company.

Appears in 3 contracts

Samples: Waiver and Release Agreement (Howard Hughes Corp), Employment Agreement (Howard Hughes Corp), Employment Agreement (Howard Hughes Corp)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial rate of $550,000 675,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion (the “Annual Base Salary”).

Appears in 3 contracts

Samples: Employment Agreement (Container Store Group, Inc.), Employment Agreement (Container Store Group, Inc.), Employment Agreement (Container Store Group, Inc.)

Annual Base Salary. During the TermEmployment Period, the Executive shall receive a base salary at an initial a rate of $550,000 600,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, by the Board in the Board’s its sole discretion (the “Annual Base Salary”).

Appears in 3 contracts

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

Annual Base Salary. During the TermEmployment Period, the Executive shall receive a an annual base salary at an initial rate of $550,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion (the “Annual Base Salary”)) of $1,500,000 payable in equal installments in accordance with the Partnership’s normal payroll practice for its senior executives, subject to the Executive’s continued active employment with the Company and the Partnership.

Appears in 3 contracts

Samples: Waiver and Release Agreement, Waiver and Release Agreement (General Growth Properties Inc), Employment Agreement (General Growth Properties Inc)

Annual Base Salary. During the TermTerm (commencing as of the first pay period following the date of this Agreement), the Executive shall receive a base salary at an initial a rate of $550,000 370,000 per annum, payable in accordance with the Company’s normal payroll practices, which shall be paid in accordance with reviewed by the customary payroll practices of the Company, subject to review Compensation Committee annually for possible increaseand may be increased, but not decreasedecreased, in the Board’s discretion upon such review (the “Annual Base Salary”).

Appears in 2 contracts

Samples: Employment Agreement (TransDigm Group INC), Employment Agreement (TransDigm Group INC)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of that is no less than $550,000 280,000 per annumannum payable in accordance with the Company’s normal payroll practices, which shall be paid in accordance with reviewed by the customary payroll practices Compensation Committee on or prior to each anniversary of the Company, subject to review annually for possible increaseEffective Date during the Term and may be increased, but not decreasedecreased, in the Board’s discretion upon such review (the “Annual Base Salary”).

Appears in 2 contracts

Samples: Employment Agreement (Transdigm Holding Co), Employment Agreement (TransDigm Group INC)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 560,000 per annumannum (the "Annual Base Salary"), which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, upward adjustment as may be determined by the Board in the Board’s discretion (the “Annual Base Salary”)its discretion.

Appears in 2 contracts

Samples: Employment Agreement (Leasehold Resource Group LLC), Employment Agreement (SHG Holding Solutions Inc)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 250,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increaseand upward, but not decreasedownward, adjustment by the Board in the Board’s its sole discretion (the “Annual Base Salary”).

Appears in 2 contracts

Samples: Employment Agreement (Summit Midstream Partners, LP), Employment Agreement (Summit Midstream Partners, LP)

Annual Base Salary. During the TermTerm of Employment, the Executive shall receive a base salary at an initial the rate of $550,000 450,000.00 per annumannum (as may be increased from time to time, the “Annual Base Salary”), subject to withholdings and deductions, which shall be paid to Executive in accordance with the customary payroll practices and procedures of the Company. Such Annual Base Salary shall be reviewed by the CEO, subject to review annually for possible increaseand, but not decreaseas applicable, in the Board and/or the Compensation Committee of the Board’s discretion (the “Annual Base Salary”), not less than annually.

Appears in 2 contracts

Samples: Executive Employment Agreement (Neumora Therapeutics, Inc.), Executive Employment Agreement (Neumora Therapeutics, Inc.)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a minimum rate of $550,000 600,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, Company and shall be pro-rated for partial years of employment. Such annual base salary shall be subject to annual review annually for possible increaseand increase (such annual base salary, but not decreaseas it may be increased from time to time, in the Board’s discretion (the “Annual Base Salary”).

Appears in 2 contracts

Samples: Employment Agreement (DENTSPLY SIRONA Inc.), Employment Agreement (DENTSPLY SIRONA Inc.)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 640,000 per annum, which shall be paid in accordance with the customary payroll practices of the CompanyEmployer, subject to review annually for possible increase, but not decrease, by the Board in the Board’s its sole discretion (the “Annual Base Salary”).

Appears in 2 contracts

Samples: Executive Employment Agreement (Cotiviti Holdings, Inc.), Executive Employment Agreement (Cotiviti Holdings, Inc.)

Annual Base Salary. During the TermEmployment Period, unless increased by the Board in its sole discretion, the Executive shall receive a an annual base salary at an initial rate of FIVE HUNDRED THOUSAND DOLLARS ($550,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion 500,000) (the “Annual Base Salary”), payable in equal installments in accordance with the Company’s normal payroll practice for its senior executives, subject to the Executive’s continued employment with the Company.

Appears in 2 contracts

Samples: Employment Agreement (Howard Hughes Corp), Employment Agreement (Howard Hughes Corp)

Annual Base Salary. During the Term, the Executive shall receive a base salary (the “Annual Base Salary”) at an initial a rate of $550,000 750,000 per annum, which amount shall be paid reviewed for increase not less frequently than annually. The Annual Base Salary shall be payable in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion (the “Annual Base Salary”).

Appears in 2 contracts

Samples: Employment Agreement (RHI Entertainment, Inc.), Employment Agreement (RHI Entertainment, Inc.)

Annual Base Salary. During the TermFrom and after May 26, 2023, the Executive shall receive a base salary at an initial a rate of $550,000 675,000 per annum, payable in accordance with the Company’s normal payroll practices, which shall be paid in accordance with reviewed by the customary payroll practices of the Company, subject to review Compensation Committee annually for possible increaseand may be increased, but not decreasedecreased, in the Board’s discretion upon such review (the “Annual Base Salary”).

Appears in 2 contracts

Samples: Employment Agreement (TransDigm Group INC), Employment Agreement (TransDigm Group INC)

Annual Base Salary. During the TermTerm (commencing as of the first pay period following the Effective Date), the Executive shall receive a base salary at an initial a rate of $550,000 300,000 per annum, payable in accordance with the Company’s normal payroll practices, which shall be paid in accordance with reviewed by the customary payroll practices of the Company, subject to review Compensation Committee annually for possible increaseand may be increased, but not decreasedecreased, in the Board’s discretion upon such review (the “Annual Base Salary”).

Appears in 2 contracts

Samples: Employment Agreement (Perimeter Solutions, SA), Employment Agreement (Perimeter Solutions, SA)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 410,000 per annum, which shall be paid in accordance with the customary payroll practices of the CompanyCompany and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board (such annual base salary, subject as it may be adjusted from time to review annually for possible increasetime, but not decrease, in the Board’s discretion (the “Annual Base Salary”).

Appears in 2 contracts

Samples: Employment Agreement (Sight Sciences, Inc.), Employment Agreement (Sight Sciences, Inc.)

Annual Base Salary. During the TermEmployment Period, unless increased by the Board in its sole discretion, the Executive shall receive a an annual base salary at an initial rate of ONE MILLION TWO HUNDRED FIFTY THOUSAND DOLLARS ($550,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion 1,250,000) (the “Annual Base Salary”), payable in equal installments in accordance with the Company’s normal payroll practice for its senior executives, subject to the Executive’s continued employment with the Company.

Appears in 2 contracts

Samples: Employment Agreement (Seaport Entertainment Group Inc.), Employment Agreement (Howard Hughes Holdings Inc.)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 450,000 per annumyear, which shall be paid in accordance with the customary payroll practices of the CompanyCompany and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board (such annual base salary, subject as it may be adjusted from time to review annually for possible increasetime, but not decrease, in the Board’s discretion (the “Annual Base Salary”).

Appears in 2 contracts

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

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a minimum rate of $550,000 950,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, Company and shall be pro-rated for partial years of employment. Such annual base salary shall be subject to periodic review at least annually for possible increase, but not decrease, in by the Board’s discretion Compensation Committee (the “Annual Committee”) and shall be subject to increase but not decrease (such annual base salary, as it may be increased from time to time, the “Base Salary”).

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (TransUnion)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial rate of $550,000 650,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decreasedecrease (other than any decrease that would not constitute Good Reason), in the Board’s discretion (the “Annual Base Salary”).

Appears in 2 contracts

Samples: Employment Agreement (Container Store Group, Inc.), Employment Agreement (Container Store Group, Inc.)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 500,000 per annumannum (the “Annual Base Salary”), which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, in adjustment as determined by the Board’s discretion (the “Annual Base Salary”).

Appears in 2 contracts

Samples: Employment Agreement (Triumph Group Inc), Employment Agreement (Vought Aircraft Industries Inc)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of not less than eight hundred twenty-five thousand dollars ($550,000 825,000) per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion Company (the “Annual Base Salary”).

Appears in 2 contracts

Samples: Employment Agreement (Rackspace Technology, Inc.), Employment Agreement (Rackspace Technology, Inc.)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 450,000 per annum, which shall be paid in accordance with the customary payroll practices of the CompanyCompany and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, subject the “Board,” and (such annual base salary, as it may be adjusted from time to review annually for possible increasetime, but not decrease, in the Board’s discretion (the “Annual Base Salary”).

Appears in 2 contracts

Samples: Employment Agreement (Seres Therapeutics, Inc.), Employment Agreement (Seres Therapeutics, Inc.)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 475,000 per annum, which shall be paid in accordance with the customary payroll practices of the CompanyCompany and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board (such annual base salary, subject as it may be adjusted from time to review annually for possible increasetime, but not decrease, in the Board’s discretion (the “Annual Base Salary”).

Appears in 2 contracts

Samples: Employment Agreement (Fractyl Health, Inc.), Employment Agreement (Fractyl Health, Inc.)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 423,295 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, and adjustment by the Board in the Board’s its reasonable discretion (the “Annual Base Salary”).

Appears in 2 contracts

Samples: Employment Agreement (Mad Catz Interactive Inc), Employment Agreement (Mad Catz Interactive Inc)

Annual Base Salary. During the TermTerm of Employment, the Executive shall receive a base salary at an initial the rate of $550,000 675,000 per annumannum (as may be increased from time to time, the “Annual Base Salary”), subject to withholdings and deductions, which shall be paid to Executive in accordance with the customary payroll practices and procedures of the Company, subject to review annually for possible increase, but not decrease, in . Such Annual Base Salary shall be reviewed by the Board and/or the Compensation Committee of the Board’s discretion (the “Annual Base Salary”), not less than annually.

Appears in 2 contracts

Samples: Executive Employment Agreement (Neumora Therapeutics, Inc.), Executive Employment Agreement (Neumora Therapeutics, Inc.)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 500,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, by the Board in the Board’s its sole discretion (the “Annual Base Salary”).. (b)

Appears in 2 contracts

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

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a minimum rate of $550,000 655,600 per annum, which shall be paid in accordance with the customary payroll practices of the Company, Company and shall be pro-rated for partial years of employment. Such annual base salary shall be subject to annual review annually for possible increaseand increase by the Board (such annual base salary, but not decreaseas it may be increased from time to time, in the Board’s discretion (the “Annual Base Salary”).

Appears in 2 contracts

Samples: Employment Agreement (DENTSPLY SIRONA Inc.), Employment Agreement (DENTSPLY SIRONA Inc.)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 50,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually Company and shall be pro-rated for possible increase, but not decrease, in the Board’s discretion partial years of employment (the “Annual Base Salary”).

Appears in 2 contracts

Samples: Employment Agreement (Shift4 Payments, Inc.), Employment Agreement (Shift4 Payments, Inc.)

Annual Base Salary. During the TermEmployment Period, the Company shall pay the Executive shall receive a base salary at an initial rate of $550,000 400,000 per annumeach fiscal year, which shall be paid in accordance installments consistent with the customary Company's regular payroll practices of the Company, subject applicable to senior executive officers. The Company shall review such base salary annually for possible increase, but not decrease, and may in the Board’s its discretion (the “Annual Base Salary”)increase such base salary.

Appears in 2 contracts

Samples: Employment Agreement (Fleming Companies Inc /Ok/), Employment Agreement (Fleming Companies Inc /Ok/)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 460,000 per annumannum (the "Annual Base Salary"), which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, upward adjustment as may be determined by the Board in the Board’s discretion (the “Annual Base Salary”)its discretion.

Appears in 2 contracts

Samples: Employment Agreement (SHG Holding Solutions Inc), Employment Agreement (Leasehold Resource Group LLC)

Annual Base Salary. During the Term, the The Executive shall receive a base an annual salary at an initial rate (“Annual Base Salary”) of $550,000 per annum400,000 between April 11, 2008 and April 11, 2010, which shall be paid in accordance with equal or substantially equal semi-monthly installments (i.e. $16,666.67 semi-monthly). During the customary payroll practices Term of this Agreement, the Annual Base Salary payable to the Executive shall be reviewed at least annually and may be increased at the sole discretion of the Company, subject to review annually for possible increase, Compensation Committee of the Board but shall not decrease, in the Board’s discretion (the “Annual Base Salary”)be reduced.

Appears in 2 contracts

Samples: Employment Agreement (Lakeland Industries Inc), Employment Agreement (Lakeland Industries Inc)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 500,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, and upward adjustment by the Board in the Board’s its sole discretion (the “Annual Base Salary”).

Appears in 2 contracts

Samples: Employment Agreement (Novanta Inc), Indemnification Agreement (Gsi Group Inc)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 570,000 per annumannum (the “Annual Base Salary”), which shall be paid in accordance with the customary payroll practices of the Company, subject . Such Annual Base Salary shall be reviewed from time to review annually for possible increase, but not decrease, in time by the Board or an authorized committee of the Board’s discretion (the “, provided that such Annual Base Salary”)Salary shall not be reduced.

Appears in 2 contracts

Samples: Employment Agreement (Athlon Energy Inc.), Employment Agreement (Athlon Energy Inc.)

Annual Base Salary. During the TermEmployment Period, the Executive shall receive a an annual base salary at an initial rate of $550,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion (the “Annual Base Salary”) of at least $450,000.00. Annual Base Salary shall not be reduced at any time (including after any such increase), and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 2 contracts

Samples: Employment Agreement (Southern Union Co), Employment Agreement (Southern Union Co)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial rate of $550,000 600,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decreasedecrease (other than any decrease that would not constitute Good Reason), in the Board’s discretion (the “Annual Base Salary”).

Appears in 2 contracts

Samples: Amended And (Container Store Group, Inc.), Employment Agreement (Container Store Group, Inc.)

Annual Base Salary. During the Term, the Executive shall receive a an annual base salary at an initial rate equal to $175,000 for 2002; $275,000 for 2003; $400,000 for 2004; and such amount as is determined by the compensation committee of the Board (the "Committee") thereafter. In addition, he shall receive non-incentive compensation, inclusive of a car allowance, in the amount of $550,000 2,000 per annum, which month. Such compensation and non-incentive compensation shall be paid in accordance with the customary payroll practices Company's regular schedule for payment of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion (the “Annual Base Salary”)salaried employees.

Appears in 2 contracts

Samples: Employment Agreement (Cosi Inc), Employment Agreement (Cosi Inc)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 450,000 per annum, which shall be paid in accordance with the customary payroll practices of the CompanyCompany and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board (such annual base salary, subject as it may be adjusted from time to review annually for possible increasetime, but not decrease, in the Board’s discretion (the “Annual Base Salary”).

Appears in 2 contracts

Samples: Employment Agreement (Fractyl Health, Inc.), Employment Agreement (Immuneering Corp)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 400,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, by the Board in the Board’s its sole discretion (the “Annual Base Salary”).

Appears in 2 contracts

Samples: Employment Agreement (Shake Shack Inc.), Employment Agreement (Shake Shack Inc.)

Annual Base Salary. During the Termterm of employment, the Executive shall receive a an annual base salary at an initial rate in the amount of $550,000 per annum, which shall 575,000 (“Base Salary”) to be paid in accordance with the Company’s customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion (the “Annual Base Salary”)practices.

Appears in 1 contract

Samples: Employment Agreement (Southeastern Grocers, LLC)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial rate of one million dollars ($550,000 1,000,000) per annum, which . The Executive’s base salary shall be paid in accordance with the customary payroll practices of the Company, Company and shall be subject to annual review annually for possible increase, but not decrease, in by the Board’s discretion Board (the “Annual Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (CDK Global, Inc.)

Annual Base Salary. During the Term, the The Executive shall receive a base salary ("Annual Base Salary") at an initial a rate of $550,000 137,500 per annum, which shall be paid payable in accordance with the customary Company's payroll practices of the Company, subject to review annually practice for possible increase, but not decrease, in the Board’s discretion (the “Annual Base Salary”)senior executives.

Appears in 1 contract

Samples: Employment Agreement (Easco Inc /De/)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 525,000 per annumannum (as increased from time to time, the “Annual Base Salary”), which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase. Such Annual Base Salary shall be reviewed (and may be increased, but not decrease, in decreased) from time to time by the Board or an authorized committee of the Board’s discretion (the “Annual Base Salary”).

Appears in 1 contract

Samples: Indemnification Agreement (Nbty Inc)

Annual Base Salary. During the Term, the The Executive shall receive a an annual base salary at an initial a rate of $550,000 per annum, which shall be paid in accordance with 780,000 during the customary payroll practices Term of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion Employment (the annual base salary in effect from time to time, “Annual Base Salary”). The Annual Base Salary shall be payable in accordance with the Company’s regular payroll practice for its senior officers, as in effect from time to time (e.g., bi-weekly in arrears). For avoidance of doubt, the aggregate amount of Annual Base Salary to be paid during the initial nine-month Term of Employment will be $585,000.

Appears in 1 contract

Samples: Employment Agreement (Tower Group International, Ltd.)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 £160,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, and adjustment by the Board in the Board’s its reasonable discretion (the “Annual Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Mad Catz Interactive Inc)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 336,000 per annumannum in 2023, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increaseand upward, but not decreasedownward without Executive’s written consent, adjustment from the rate approved by the Compensation Committee in the Board’s its sole discretion each year (the “Annual Base Salary”).

Appears in 1 contract

Samples: Release Agreement (Summit Midstream Partners, LP)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 700,000 per annumannum (the “Annual Base Salary”), which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increaseupward adjustment as may be determined by the Board in its discretion. In the case of such upward adjustment, but not decrease, in the Board’s discretion (the “Annual Base Salary”)” shall mean such increased base salary.

Appears in 1 contract

Samples: Employment Agreement (Skilled Healthcare Group, Inc.)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 407,724 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, and upward adjustment by the Board in the Board’s its sole discretion (the “Annual Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Novanta Inc)

AutoNDA by SimpleDocs

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 300,000.00 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increaseand upward, but not decreasedownward, adjustment by the Board in the Board’s its sole discretion (the “Annual Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Summit Midstream Partners, LP)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 200,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, in increase as determined by the Board’s discretion Compensation Committee (the "Annual Base Salary"). The Executive's Annual Base Salary shall be reviewed by the Compensation Committee annually, beginning for the fiscal year that commences on April 1, 2003.

Appears in 1 contract

Samples: Employment Agreement (Winfred Berg Licensco Inc)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate as of the Effective Date of $550,000 1,625,000 per annum, and which shall be paid in accordance with the customary payroll practices of the CompanyCompany (as increased from time to time, subject to review annually for possible increase, but not decrease, in the Board’s discretion (the “Annual Base Salary”). The rate of the Annual Base Salary shall be reviewed annually by the Compensation Committee and may be increased, but not decreased, upon such review.

Appears in 1 contract

Samples: Employment Agreement (Nielsen CO B.V.)

Annual Base Salary. During the TermEmployment Period, unless increased by the Board in its sole discretion, the Executive shall receive a an annual base salary at an initial rate of $550,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion 750,000 (the “Annual Base Salary”), payable in equal installments in accordance with the Company’s normal payroll practice for its senior executives, subject to the Executive’s continued active employment with the Company.

Appears in 1 contract

Samples: Employment Agreement (Howard Hughes Corp)

Annual Base Salary. During the Term, Term the Executive shall receive a base salary at an initial a rate of $550,000 three hundred seventy-five thousand dollars ($ 375,000) per annum, which subject to increase as determined by the Compensation Committee ("ANNUAL BASE SALARY"). The Executive's salary shall be paid payable in accordance with the customary Company's normal payroll practices of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion (the “Annual Base Salary”)procedures.

Appears in 1 contract

Samples: Executive Employment Agreement (Usinternetworking Inc)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of that is no less than $550,000 330,000 per annumannum (the "Annual Base Salary"), which shall be paid payable in accordance with the customary Company's normal payroll practices practices. The rate of the Company, subject Annual Base Salary shall be reviewed by the Compensation Committee on or prior to review annually for possible increaseeach anniversary of the Effective Date during the Term and may be increased, but not decreasedecreased, in the Board’s discretion (the “Annual Base Salary”)upon such review.

Appears in 1 contract

Samples: Employment Agreement (Adams Rite Aerospace Inc)

Annual Base Salary. During the TermTerm (commencing as of the first pay period following the date of this Agreement), the Executive shall receive a base salary at an initial a rate of $550,000 460,000 per annum, payable in accordance with the Company’s normal payroll practices, which shall be paid in accordance with reviewed by the customary payroll practices of the Company, subject to review Compensation Committee annually for possible increaseand may be increased, but not decreasedecreased, in the Board’s discretion upon such review (the “Annual Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (TransDigm Group INC)

Annual Base Salary. During the TermWhile employed under this Agreement, the Executive shall receive a Executive’s annual base salary at an initial rate of will be $550,000 per annum, which shall 650,000 (“Base Salary”) and will be paid in cash in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion (the “Annual Base Salary”).

Appears in 1 contract

Samples: Stone Energy Corp

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 495,000 per annumannum (the “Annual Base Salary”), which shall be paid in accordance with the customary payroll practices of the Company. Such Annual Base Salary shall be reviewed and may be adjusted from time to time by the board of directors of the Company or an authorized committee thereof (in any case, subject to review annually for possible increase, but not decrease, in the Board’s discretion (the “Board”), provided that the Annual Base Salary”)Salary may not be decreased without Executive’s consent.

Appears in 1 contract

Samples: Employment Agreement (PPD, Inc.)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 350,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increaseand upward, but not decreasedownward without Executive’s written consent, adjustment by the Board in the Board’s its sole discretion (the “Annual Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Summit Midstream Partners, LP)

Annual Base Salary. During the TermEmployment Period, unless increased by the Board in its sole discretion, the Executive shall receive a an annual base salary at an initial rate of ONE MILLION AND 00/100 DOLLARS ($550,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion 1,000,000.00) (the “Annual Base Salary”), payable in equal installments in accordance with the Company’s normal payroll practice for its senior executives, subject to the Executive’s continued employment with the Company.

Appears in 1 contract

Samples: Employment Agreement (Howard Hughes Corp)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 106,000 per annumannum ("Annual Base Salary"), which shall be paid payable in accordance with the customary Company's standard payroll practices procedures. The rate of the Company, Annual Base Salary shall be subject to review annually for possible increase, but not decrease, increase as determined by the Board in the Board’s discretion (the “Annual Base Salary”)its discretion.

Appears in 1 contract

Samples: Employment Agreement (Symons Corp)

Annual Base Salary. During the TermSubject to Section 2.2, the Executive shall receive a base salary during the Term at an a calculated initial rate annual base salary of Four Hundred and Fifty Thousand Dollars ($550,000 per annum450,000.00) (the "Base Salary"), which shall such Base Salary to be paid payable in accordance substantially equal installments consistent with the customary Company's normal payroll practices of the Companyschedule, subject to review annually for possible increase, but not decrease, in the Board’s discretion (the “Annual Base Salary”)applicable withholding and other taxes.

Appears in 1 contract

Samples: Employment Agreement (Big City Radio Inc)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 400,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, increase as determined by the Board in the Board’s its sole discretion (the “Annual Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Verso Sartell LLC)

Annual Base Salary. During the Term, the The Executive shall receive a base salary at an initial the rate of $550,000 515,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion Company (the “Annual Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (STR Holdings, Inc.)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 300,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, in increase as determined by the Board’s discretion Compensation Committee (the "Annual Base Salary"). The Executive's Annual Base Salary shall be reviewed by the Compensation Committee annually, beginning for the fiscal year that commences on April 1, 2004.

Appears in 1 contract

Samples: Employment Agreement (Winfred Berg Licensco Inc)

Annual Base Salary. During the TermTerm (commencing as of the first pay period following the date of this Agreement), the Executive shall receive a base salary at an initial a rate of that is no less than $550,000 500,000 per annumannum payable in accordance with the Company’s normal payroll practices, which shall be paid in accordance with reviewed by the customary payroll practices Compensation Committee on or prior to each anniversary of the Company, subject to review annually for possible increaseEffective Date during the Term and may be increased, but not decreasedecreased, in the Board’s discretion upon such review (the “Annual Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (TransDigm Group INC)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 350,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increaseand upward, but not decreasedownward, adjustment by the Board in the Board’s its sole discretion (the “Annual Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Summit Midstream Partners, LP)

Annual Base Salary. During the Term, the The Executive shall receive a base salary at an initial a rate of $550,000 500,000 per annumannum during the first 12 months of the Initial Term, which increased by five percent per annum on each anniversary of the Contract Year during the Term of Employment. In its sole discretion, the Compensation Committee may review the Annual Base Salary with a view toward consideration of merit increases as the Compensation Committee deems appropriate. The Annual Base Salary shall be paid in arrears in substantially equal installments at monthly or more frequent intervals, in accordance with the customary normal payroll practices of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion (the “Annual Base Salary”).

Appears in 1 contract

Samples: Executive Employment Agreement (Beasley Broadcast Group Inc)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 1,500,000 per annum, which shall be paid in accordance with the customary payroll practices of the CompanyCompany (as increased from time to time, subject to review annually for possible increase, but not decrease, in the Board’s discretion (the “Annual Base Salary”). The rate of the Annual Base Salary shall be reviewed annually by the Compensation Committee and may be increased, but not decreased, upon such review.

Appears in 1 contract

Samples: Employment Agreement (Global Media USA, LLC)

Annual Base Salary. During the TermFrom and after May 26, 2023, the Executive shall receive a base salary at an initial a rate of $550,000 735,000 per annum, payable in accordance with the Company’s normal payroll practices, which shall be paid in accordance with reviewed by the customary payroll practices of the Company, subject to review Compensation Committee annually for possible increaseand may be increased, but not decreasedecreased, in the Board’s discretion upon such review (the “Annual Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (TransDigm Group INC)

Annual Base Salary. During the Term, the The Executive shall receive a base salary ("Annual Base Salary") at an initial a rate of $550,000 290,000 per annum, which shall be paid payable in accordance with the customary Company's payroll practices of the Company, subject to review annually practice for possible increase, but not decrease, in the Board’s discretion (the “Annual Base Salary”)senior executives.

Appears in 1 contract

Samples: Employment Agreement (Easco Inc /De/)

Annual Base Salary. During the Term, the The Executive shall receive a base salary ("Annual Base Salary") at an initial a rate of $550,000 158,000 per annum, which shall be paid payable in accordance with the customary Company's payroll practices of the Company, subject to review annually practice for possible increase, but not decrease, in the Board’s discretion (the “Annual Base Salary”)senior executives.

Appears in 1 contract

Samples: Employment Agreement (Easco Inc /De/)

Annual Base Salary. During the TermTerm while Executive is employed by the Company, the Executive shall receive a base salary at an initial a rate of Eight Hundred Seventy Five Thousand Dollars ($550,000 875,000) per annum, effective as of January 1, 2021, which shall be paid in accordance with the customary payroll practices of the CompanyCompany (such annual base salary, subject to review annually for possible increase, but not decrease, in the Board’s discretion (the “Annual Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Danimer Scientific, Inc.)

Annual Base Salary. During the Term, the Executive shall receive a base salary (the “Annual Base Salary”) at an initial a rate of $550,000 535,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, in adjustment as determined by the Board’s discretion Compensation Committee of the Board (the “Annual Base SalaryCompensation Committee)) in its sole discretion, including, without limitation, in connection with the results of the 360 Review.

Appears in 1 contract

Samples: Employment Agreement (MultiPlan Corp)

Annual Base Salary. During the TermTerm (commencing as of the first pay period following the Effective Date), the Executive shall receive a base salary at an initial a rate of $550,000 575,000 per annum, payable in accordance with the Company’s normal payroll practices, which shall be paid in accordance with reviewed by the customary payroll practices of the Company, subject to review Compensation Committee annually for possible increaseand may be increased, but not decreasedecreased, in the Board’s discretion upon such review (the “Annual Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Perimeter Solutions, SA)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 200,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, and adjustment by the Board in the Board’s its reasonable discretion (the “Annual Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Mad Catz Interactive Inc)

Annual Base Salary. During the Term, the The Executive shall receive a base salary at an initial a rate of $550,000 300,000 per annumannum during the first 12 months of the Initial Term, which increased by five percent per annum on each anniversary of the Contract Year during the Term of Employment. In its sole discretion, the Compensation Committee may review the Annual Base Salary with a view toward consideration of merit increases as the Compensation Committee deems appropriate. The Annual Base Salary shall be paid in arrears in substantially equal installments at monthly or more frequent intervals, in accordance with the customary normal payroll practices of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion (the “Annual Base Salary”).

Appears in 1 contract

Samples: Executive Employment Agreement (Beasley Broadcast Group Inc)

Annual Base Salary. During the Term, the Executive shall receive a base salary (the “Annual Base Salary”) at an initial a rate of $550,000 750,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, in adjustment as determined by the Board’s discretion Compensation Committee of the Board (the “Annual Base SalaryCompensation Committee”); provided that any decrease in such amount can only be proportionately made in connection with Company-wide reductions in the salary rates for senior executives as determined by the Board.

Appears in 1 contract

Samples: Employment Agreement (MultiPlan Corp)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of five hundred fifty seven thousand three hundred ninety six dollars ($550,000 557,396) per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion Company (the Annual Base Salary”).

Appears in 1 contract

Samples: Restricted Stock Units Agreement (MAGNACHIP SEMICONDUCTOR Corp)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of $550,000 600,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, by the compensation committee of the Board (the “Committee”) in the Board’s its sole discretion (the “Annual Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Allegro Microsystems, Inc.)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of one million dollars ($550,000 1,000,000) per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion Company (the “Annual Base Salary”). The Annual Base Salary shall be subject to annual review for increase by the Board in its discretion.

Appears in 1 contract

Samples: Employment Agreement (Hexion Inc.)

Annual Base Salary. During the TermTerm (commencing as of the first pay period following the Effective Date), the Executive shall receive a base salary at an initial a rate of $550,000 315,000 per annum, payable in accordance with the Company’s normal payroll practices, which shall be paid in accordance with reviewed by the customary payroll practices of the Company, subject to review Compensation Committee annually for possible increaseand may be increased, but not decreasedecreased, in the Board’s discretion upon such review (the “Annual Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Perimeter Solutions, SA)

Annual Base Salary. During the TermTerm while Executive is employed by the Company, the Executive shall receive a base salary at an initial a rate of Four Hundred Thousand Dollars ($550,000 400,000) per annum, which shall be paid in accordance with the customary payroll practices of the CompanyCompany (such annual base salary, subject to review annually for possible increase, but not decrease, in the Board’s discretion (the “Annual Base Salary”), subject to withholding for applicable taxes and other amounts.

Appears in 1 contract

Samples: Employment Agreement (Danimer Scientific, Inc.)

Annual Base Salary. During the Term, the Executive shall receive a an annual base salary at an initial rate equal to $137,500 for 2002; $168,000 for 2003; $200,000 for 2004; and such amount as is determined by the compensation committee of the Board (the "Committee") thereafter. In addition, he shall receive non-incentive compensation, inclusive of a car allowance, in the amount of $550,000 1,500 per annum, which month. Such compensation and non-incentive compensation shall be paid in accordance with the customary payroll practices Company's regular schedule for payment of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion (the “Annual Base Salary”)salaried employees.

Appears in 1 contract

Samples: Employment Agreement (Cosi Inc)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial rate of $550,000 450,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually every 20-24 months for possible increase, but not decrease, in the Board’s discretion (the “Annual Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Container Store Group, Inc.)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial the rate of $550,000 390,000 per annumannum (the "Annual Base Salary"), which shall be paid payable in accordance with the customary Company's normal payroll practices of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion (the “Annual Base Salary”)practices.

Appears in 1 contract

Samples: Employment Agreement (Dayton Superior Corp)

Annual Base Salary. During the TermEmployment Period, unless increased by the Board in its sole discretion, the Executive shall receive a an annual base salary at an initial rate of $550,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion 1,000,000 (the “Annual Base Salary”), payable in equal installments in accordance with the Company’s normal payroll practice for its senior executives, subject to the Executive’s continued active employment with the Company.

Appears in 1 contract

Samples: Employment Agreement (Howard Hughes Corp)

Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial a rate of three hundred ninety-three thousand dollars ($550,000 393,000.00) per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to annual review annually for and possible increase, increase (but not decrease, ) as determined by the Board in the Board’s its sole discretion (the “Annual Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (ADT, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.