Common use of Annual Base Salary Clause in Contracts

Annual Base Salary. During the Term, the Executive shall receive a base salary at a rate of $250,000 per annum (the “Annual Base Salary”), subject to review by the Board (or the applicable committee thereof) in its sole discretion. The Annual Base Salary shall paid in accordance with the customary payroll practices of the Company.

Appears in 4 contracts

Samples: Employment Agreement (McBc Holdings, Inc.), Employment Agreement (McBc Holdings, Inc.), Employment Agreement (McBc Holdings, Inc.)

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Annual Base Salary. During the TermEmployment Period, the Executive shall receive a base salary at a an annual rate of not less than $250,000 per annum 400,000.00 (the “Annual Base Salary”), subject to review by payable in accordance with the Board (or regular payroll practices of the applicable committee thereof) in its sole discretionCompany. The Annual Base Salary shall paid will be reviewed at least annually by the Board, or a committee thereof to which the Board may from time to time have delegated such authority (the “Committee”), and may be modified in accordance with the customary payroll practices of Board’s (or Committee’s) sole discretion, in which event any modified Annual Base Salary will be deemed the CompanyAnnual Base Salary under this Agreement.

Appears in 4 contracts

Samples: Employment Agreement (Gtsi Corp), Employment Agreement (Gtsi Corp), Employment Agreement (Gtsi Corp)

Annual Base Salary. During the Term, the Executive shall receive a base salary at a the rate of $250,000 per annum (the “Annual Base Salary”), subject to review by the Board (or the applicable committee thereof) in its sole discretion. The Annual Base Salary withholdings and deductions and 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 Board’s Compensation Committee not less than annually and may be adjusted from time to time.

Appears in 4 contracts

Samples: Executive Employment Agreement (MGO Global Inc.), Executive Employment Agreement (MGO Global Inc.), Executive Employment Agreement (MGO Global Inc.)

Annual Base Salary. During the Term, the Executive shall receive a base salary at a the rate of $250,000 per annum (as may be increased from time to time, the “Annual Base Salary”), subject to review by the Board (or the applicable committee thereof) in its sole discretion. The Annual Base Salary 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, and as applicable, the Board of Directors of the Company (the “Board”), not less than annually, and may be increased, but not decreased, in connection with any such review.

Appears in 2 contracts

Samples: Employment Agreement (Tyra Biosciences, Inc.), Employment Agreement (Tyra Biosciences, Inc.)

Annual Base Salary. During the Term, the Executive shall receive a base salary at a the rate of $250,000 900,000 per annum (the “Annual Base Salary”), subject to review by the Board (or the applicable committee thereof) in its sole discretion. The Annual Base Salary withholdings and deductions and 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 Company not less often than annually, and may be adjusted from time to time.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (Bebe Stores, Inc.)

Annual Base Salary. During the Term, the Executive shall receive a base salary at a rate of $250,000 600,000 per annum (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”), subject to review by the Board (or the applicable committee thereof) in its sole discretion. The Annual Base Salary 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 or an authorized committee of the Board.

Appears in 2 contracts

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

Annual Base Salary. During the Term, the Executive shall receive a base salary at a rate of four hundred seventy-five thousand dollars ($250,000 475,000) per annum (the “Annual Base Salary”), subject to review by the Board (or the applicable committee thereof) in its sole discretion. The Annual Base Salary which shall be paid in accordance with the customary payroll practices and procedures of the Company. Such Annual Base Salary shall be reviewed by the Board from time to time but no less frequently than annually.

Appears in 2 contracts

Samples: Employment Agreement (Frontier Group Holdings, Inc.), Employment Agreement (Frontier Group Holdings, Inc.)

Annual Base Salary. During the Term, the The Executive shall receive a an annual base salary during the term of this Agreement at a rate of not less than Four Hundred Fifty Thousand Dollars ($250,000 per annum (the “Annual Base Salary”450,000), subject payable in installments consistent with the Company's normal payroll schedule. The Board or its Compensation Committee shall review this base salary at annual intervals, and may adjust the Executive's annual base salary from time to review by time as the Board (or the applicable committee thereof) in its sole discretion. The Annual Base Salary shall paid in accordance with the customary payroll practices of the CompanyCompensation Committee deems to be appropriate.

Appears in 2 contracts

Samples: Executive Employment Agreement (Radiation Therapy Services Inc), Executive Employment Agreement (Radiation Therapy Services Inc)

Annual Base Salary. During the Term, the Executive shall receive a base salary at a the rate of $250,000 300,000 per annum (the “Annual Base Salary”), subject to review by the Board (or the applicable committee thereof) in its sole discretion. The Annual Base Salary withholdings and deductions and 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 Board’s Compensation Committee not less than annually and may be adjusted from time to time.

Appears in 2 contracts

Samples: Executive Employment Agreement (MGO Global Inc.), Executive Employment Agreement (Iremedy Healthcare Companies, Inc.)

Annual Base Salary. During the Term, the The Executive shall receive be paid a base salary at a the annual base rate of Five Hundred Ten Thousand and No/100 Dollars ($250,000 per annum 510,000) (the “Annual Base Salary”), subject to review by the Board (or the applicable committee thereof) in its sole discretion. The Executive’s Annual Base Salary shall paid be reviewed by the Board of Directors annually for potential increases, as determined by the Board of Directors based on its evaluation of the Executive’s performance. The Executive’s Annual Base Salary shall be payable in accordance with the customary Bank’s normal payroll practices of the Companypractices.

Appears in 2 contracts

Samples: Employment Agreement (Nicolet Bankshares Inc), Employment Agreement (Nicolet Bankshares Inc)

Annual Base Salary. During the Term, the Executive shall receive a base salary at a the rate of $250,000 130,000 per annum (the “Annual Base Salary”), subject to review by the Board (or the applicable committee thereof) in its sole discretion. The Annual Base Salary withholdings and deductions and 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 Board’s Compensation Committee not less than annually and may be adjusted from time to time.

Appears in 2 contracts

Samples: Executive Employment Agreement (MGO Global Inc.), Executive Employment Agreement (MGO Global Inc.)

Annual Base Salary. During the Term, the The Executive shall receive be paid a base salary at a rate of $250,000 per annum (the “Annual Base Salary”), subject to review by ) at the Board (or the applicable committee thereof) in its sole discretionrate of $700,000 per annum. The Executive’s Annual Base Salary shall will be paid in accordance with the customary Company’s regular payroll practices applicable to its executive officers, as established from time to time. The rate of the CompanyAnnual Base Salary shall be reviewed at least annually and may be increased but not decreased.

Appears in 1 contract

Samples: Employment Agreement (Rinker Group LTD)

Annual Base Salary. During the Term, the Executive shall receive be paid a base salary at a rate of $250,000 per annum the following annual rates, subject to any increase as determined by the Independent Board in its sole discretion (the “Annual Base Salary”), subject to review by the Board (or the applicable committee thereof) in its sole discretion. The which Annual Base Salary shall paid be payable in accordance with the customary normal payroll practices of the Company.Company then in effect: Time Period Annual Base Salary Rate Effective Date through 2014 Annual Meeting $497,000 2014 Annual Meeting through 2015 Annual Meeting $500,000 2015 Annual Meeting through 2016 Annual Meeting $250,000

Appears in 1 contract

Samples: Transitional Employment Agreement (Lakeland Financial Corp)

Annual Base Salary. During the Term, the Executive shall receive a base salary at a the rate of $250,000 108,000 per annum (the “Annual Base Salary”), subject to review by the Board (or the applicable committee thereof) in its sole discretion. The Annual Base Salary withholdings and deductions and which shall be paid to Executive in accordance with the customary payroll practices and procedures of the Company as outlined in the Company’s Employee Handbook. Such Annual Base Salary shall be reviewed by the Company initially after six months and thereafter, not less often than annually, and may be adjusted from time to time.

Appears in 1 contract

Samples: Employment Agreement (Medijane Holdings Inc.)

Annual Base Salary. During the Term, the Executive shall receive a base salary at a the rate of $250,000 275,000 per annum (the “Annual Base Salary”), subject to review by the Board (or the applicable committee thereof) in its sole discretion. The Annual Base Salary withholdings and deductions and 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 Board’s Compensation Committee not less than annually and may be adjusted from time to time.

Appears in 1 contract

Samples: Executive Employment Agreement (MGO Global Inc.)

Annual Base Salary. During the Term, the Executive shall receive a base salary at a the rate of $250,000 110,000 per annum (the “Annual Base Salary”), subject to review by the Board (or the applicable committee thereof) in its sole discretion. The Annual Base Salary withholdings and deductions and 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 Company not less often than annually, and may be adjusted from time to time.

Appears in 1 contract

Samples: Employment Agreement (Surge Holdings, Inc.)

Annual Base Salary. During the Term, the The Executive shall receive a base salary at a rate an Annual Base Salary of $250,000 per annum (the “Annual Base Salary”)194,900, subject to review by the Board (or the applicable committee thereof) in its sole discretioneffective January 1, 2007. The Executive’s Annual Base Salary shall paid be subject to adjustment during the Term in accordance with the customary payroll practices of the Companysalary administration program currently in effect for all Bank employees.

Appears in 1 contract

Samples: Employment Agreement (Croghan Bancshares Inc)

Annual Base Salary. During the Term, the The Executive shall receive a an annual base salary at a rate of $250,000 per annum not less than during the Term of Employment (the annual base salary in effect from time to time being referred to as “Annual Base Salary”), subject to review by the Board (or the applicable committee thereof) in its sole discretion. The Annual Base Salary shall paid be payable in accordance with the customary Company’s regular payroll practices practice for senior officers of the Company, as in effect from time to time. The Annual Base Salary shall be reviewed from time to time, and, in the sole discretion of the CEO, may be adjusted but may not be decreased below per annum.

Appears in 1 contract

Samples: Employment Agreement (Aspen Insurance Holdings LTD)

Annual Base Salary. During the Term, the Executive shall receive a base salary at a rate of $250,000 per annum (the “Annual Base Salary”), subject to review by the Board (or the applicable committee thereof) in its sole discretion. The Annual Base Salary which shall be paid in accordance with the customary payroll practices of the Company. The Annual Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.

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 a the rate of $250,000 144,000 per annum (the “Annual Base Salary”), subject to review by the Board (or the applicable committee thereof) in its sole discretion. The Annual Base Salary withholdings and deductions and 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 Board’s Compensation Committee not less than annually and may be adjusted from time to time.

Appears in 1 contract

Samples: Executive Employment Agreement (MGO Global Inc.)

Annual Base Salary. During the Term, the The Executive shall receive be paid a base salary at a rate of $250,000 per annum (the “Annual Base Salary”), subject to review by ) at the Board (or the applicable committee thereof) in its sole discretionrate of $260,000 per annum. The Executive’s Annual Base Salary shall will be paid in accordance with the customary Company’s regular payroll practices applicable to its executive officers, as established from time to time. The rate of the CompanyAnnual Base Salary shall be reviewed at least annually and may be increased but not decreased.

Appears in 1 contract

Samples: Employment Agreement (Rinker Group LTD)

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Annual Base Salary. During the Term, the Executive shall receive a base salary at a rate of $250,000 262,500 per annum (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”), subject to review by the Board (or the applicable committee thereof) in its sole discretion. The Annual Base Salary 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 or an authorized committee of the Board.

Appears in 1 contract

Samples: Employment Agreement (Sorrento Therapeutics, Inc.)

Annual Base Salary. During the Term, the The Executive shall receive be paid a base salary at a rate of $250,000 per annum (the “Annual Base Salary”), subject to review by ) at the Board (or the applicable committee thereof) in its sole discretionrate of $285,000 per annum. The Executive’s Annual Base Salary shall will be paid in accordance with the customary Company’s regular payroll practices applicable to its executive officers, as established from time to time. The rate of the CompanyAnnual Base Salary shall be reviewed at least annually and may be increased but not decreased.

Appears in 1 contract

Samples: Employment Agreement (Rinker Group LTD)

Annual Base Salary. During the Term, the Executive shall receive a base salary at a the rate of $250,000 180,000 per annum (the “Annual Base Salary”), subject to review by the Board (or the applicable committee thereof) in its sole discretion. The Annual Base Salary withholdings and deductions and 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 Board’s Compensation Committee not less than annually and may be adjusted from time to time.

Appears in 1 contract

Samples: Executive Employment Agreement (MGO Global Inc.)

Annual Base Salary. During the Term, the Executive shall receive a base salary at a the rate of $250,000 325,000 per annum (the “Annual Base Salary”), subject to review by the Board (or the applicable committee thereof) in its sole discretion. The Annual Base Salary withholdings and deductions and 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 Board’s Compensation Committee not less than annually and may be adjusted from time to time.

Appears in 1 contract

Samples: Executive Employment Agreement (MGO Global Inc.)

Annual Base Salary. During the Term, the Executive shall receive a base salary at a the rate of $250,000 230,000 per annum (the “Annual Base Salary”), subject to review by the Board (or the applicable committee thereof) in its sole discretion. The Annual Base Salary withholdings and deductions and 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 Board’s Compensation Committee not less than annually and may be adjusted from time to time.

Appears in 1 contract

Samples: Executive Employment Agreement (SharpLink Gaming, Inc.)

Annual Base Salary. During Effective as of the TermAmendment Effective Date, the Executive shall receive a base salary at a rate of six hundred and twenty-five thousand dollars ($250,000 625,000) per annum (the “Annual Base Salary”), subject to review by the Board (or the applicable committee thereof) in its sole discretion. The Annual Base Salary which shall be paid in accordance with the customary payroll practices and procedures of the Company.. Such Annual Base Salary shall be reviewed by the Board from time to time but no less frequently than annually. (b)

Appears in 1 contract

Samples: Employment Agreement (Frontier Group Holdings, Inc.)

Annual Base Salary. During the Term, the Executive shall receive a base salary at a rate of $250,000 375,000 per annum (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”), subject to review by the Board (or the applicable committee thereof) in its sole discretion. The Annual Base Salary 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 or an authorized committee of the Board.

Appears in 1 contract

Samples: Employment Agreement (Sorrento Therapeutics, Inc.)

Annual Base Salary. During the Term, the Executive shall receive a base salary at a rate of four hundred fifty thousand dollars $250,000 450,000.00 per annum (the “Annual Base Salary”), subject to review by the Board (or the applicable committee thereof) in its sole discretion. The Annual Base Salary which shall be paid in accordance with the customary payroll practices and procedures of the Company. Such Annual Base Salary shall be reviewed by the Parent Board not less often than annually, and may be increased from time to time.

Appears in 1 contract

Samples: Employment Agreement (Prothena Corp PLC)

Annual Base Salary. During the Term, the Executive shall receive a base salary at a the rate of $20,833.33 per month ($250,000 per annum on an annualized basis) (as may be adjusted and in effect from time to time, the “Annual Base Salary”), subject to review by the Board (or the applicable committee thereof) in its sole discretion. The Annual Base Salary 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 Board from time to time and is subject to such adjustments as determined necessary or appropriate by the Board.

Appears in 1 contract

Samples: Employment Agreement (Oncorus, Inc.)

Annual Base Salary. During the Term, the The Executive shall receive be paid a base salary (“Annual Base Salary”) at a the rate of $250,000 per annum (the “Annual Base Salary”), subject to review by the Board (or the applicable committee thereof) in its sole discretionannum. The Executive’s Annual Base Salary shall will be paid in accordance with the customary Company’s regular payroll practices applicable to its executive officers, as established from time to time. The rate of Annual Base Salary shall be reviewed at least annually by the Board of Directors of CSR America, after consideration of the Companyrecommendations of the Chief Executive Officer, and may be increased, but not decreased, on the basis of such review.

Appears in 1 contract

Samples: Employment Agreement (Rinker Group LTD)

Annual Base Salary. During the Term, the Executive shall receive a base salary at a the rate of $250,000 285,000 per annum (the “Annual Base Salary”), subject to review by the Board (or the applicable committee thereof) in its sole discretion. The Annual Base Salary withholdings and deductions and 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 Board’s Compensation Committee not less than annually and may be adjusted from time to time.

Appears in 1 contract

Samples: Executive Employment Agreement (SharpLink Gaming, Inc.)

Annual Base Salary. During the TermWhile employed hereunder, the Executive shall receive a Executive’s annual base salary at a rate of shall be $250,000 per annum [XXX,000] (the Annual Base Salary”), subject to review by the Board (or the applicable committee thereof) payable in its sole discretion. The Annual Base Salary shall paid equal installments in accordance with the customary Company’s standard payroll practices practices. Executive’s Base Salary shall be subject to review at least annually by the Compensation Committee of the CompanyBoard.

Appears in 1 contract

Samples: Employment Agreement (CHC Group Ltd.)

Annual Base Salary. During the Term, the The Executive shall receive a an annual base salary during the term of this Agreement at a rate of not less than One Hundred Fifty Thousand Dollars ($250,000 per annum (the “Annual Base Salary”150,000), subject payable in installments consistent with the Company's normal payroll schedule. The Board or its Compensation Committee shall review this base salary at annual intervals, and may adjust the Executive's annual base salary from time to review by time as the Board (or the applicable committee thereof) in its sole discretion. The Annual Base Salary shall paid in accordance with the customary payroll practices of the CompanyCompensation Committee deems to be appropriate.

Appears in 1 contract

Samples: Employment Agreement (Radiation Therapy Services Inc)

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