Common use of Annual Base Salary Clause in Contracts

Annual Base Salary. The Company shall pay the Executive during the Term of this Agreement an annual base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with the Company’s regular payroll practices. The Annual Base Salary may be increased from time to time by the Board.

Appears in 3 contracts

Samples: Employment Agreement (Next Fuel, Inc.), Employment Agreement (Next Fuel, Inc.), Employment Agreement (Next Fuel, Inc.)

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Annual Base Salary. The As compensation for all services to be rendered by Executive under this Agreement, the Company shall pay the to Executive during the Term of this Agreement an a base annual base salary of One Two Hundred Twenty Thousand Dollars ($120,000) Dollars (less all applicable deductions200,000) (the "Annual Base Salary"), which amount salary shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable paid in equal installments in accordance conformity with the Company’s regular payroll practicespay practices generally applicable to Company executives. The Annual Base Salary may Executive will be increased from time to time eligible for annual pay increases as determined by the Board.

Appears in 3 contracts

Samples: Executive Employment Agreement (Document Sciences Corp), Executive Employment Agreement (Document Sciences Corp), Executive Employment Agreement (Document Sciences Corp)

Annual Base Salary. The Company During the Agreement Term, Employer shall pay the to Executive during the Term of this Agreement an annual a base salary of One Hundred Twenty Thousand at a rate not less than $1,500,000 per year ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with the CompanyEmployer’s regular payroll practices. The Annual Base Salary may be increased from time to time by the Boardnormal payment schedule.

Appears in 3 contracts

Samples: Amended and Restated Agreement (Cme Group Inc.), Amended and Restated Agreement (Cme Group Inc.), Amended and Restated Agreement (Cme Group Inc.)

Annual Base Salary. The Company shall pay the Executive during the Term of this Agreement an annual a base salary of One Two Hundred Twenty and Thirty Thousand Dollars ($120,000) Dollars (less all applicable deductions230,000) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011) on an annualized basis. The Executive’s Annual Company shall review the Base Salary approximately annually during the Term to determine, at the discretion of the Company, whether the Base Salary should be increased and, if so, the amount of such adjustment and the time at which the adjustment should take effect. The Base Salary shall be payable in equal installments in accordance paid to Executive consistent with the customary payroll practices of the Company’s regular payroll practices. The Annual Base Salary may be increased from time to time by the Board.

Appears in 2 contracts

Samples: Employment Agreement (Integra Bank Corp), Employment Agreement (Integra Bank Corp)

Annual Base Salary. The Company shall pay the Executive during During the Term of this Agreement Agreement, the Company will pay to the Executive an annual base salary of One Hundred Twenty Thousand (not less than $120,000) Dollars (less all applicable deductions) (the "Annual Base Salary")335,000, which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with the Company’s regular payroll practices. The Annual Base Salary annual base salary may be increased modified from time to time by the BoardBoard (or the Compensation Committee thereof) in its sole discretion, payable at the times and in the manner consistent with the Company's general policies regarding compensation of executive employees. The Board may from time to time authorize such additional compensation to the Executive, in cash or in property, as the Board may determine in its sole discretion to be appropriate.

Appears in 2 contracts

Samples: Employment Agreement (Ultramar Diamond Shamrock Corp), Employment Agreement (Ultramar Diamond Shamrock Corp)

Annual Base Salary. The Company Executive shall pay the Executive during the Term of this Agreement be compensated at an annual base salary rate of One Hundred Twenty Eighty Thousand Two Hundred Forty-Five and No/100 Dollars ($120,000) Dollars (less all applicable deductions180,245.00) (the "Annual Base Salary"), which amount . The Executive’s Annual Base Salary shall be effective reviewed by the Employer at least annually for adjustments, as determined by the Employer based on an evaluation of April 1, 2011the Executive’s performance. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with the CompanyEmployer’s regular normal payroll practices. The Annual Base Salary may be increased from time to time by the Board.

Appears in 2 contracts

Samples: Employment Agreement (First Security Group Inc/Tn), Employment Agreement (First Security Group Inc/Tn)

Annual Base Salary. The Company shall pay the Executive during the Term of this Agreement an annual a base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base SalaryBASE SALARY") in the annual amount of Sixty Thousand Dollars ($60,000.00), which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable as current salary, subject to all applicable withholding and deductions, in equal installments in accordance with the Company’s regular 's customary payroll practices. The Annual Base Salary may be increased from time to time by the Board.

Appears in 2 contracts

Samples: Employment Agreement (Dyna Cam), Employment Agreement (Dyna Cam)

Annual Base Salary. The As compensation for Executive’s performance of his duties hereunder, the Company shall pay the to Executive during the Term of this Agreement an initial base annual base salary of One Two Hundred Twenty Thousand and Four Hundred Dollars ($120,000) Dollars 200,400), starting on the Start Date (less all applicable deductions) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with the normal payroll practices of Company’s regular , less required deductions for state and federal withholding tax, social security and all other employment taxes and payroll practices. The Annual Base Salary may be increased from time to time by the Boarddeductions.

Appears in 2 contracts

Samples: Employment Agreement (Imprimis Pharmaceuticals, Inc.), Employment Agreement (Imprimis Pharmaceuticals, Inc.)

Annual Base Salary. The Company Corporation shall pay the Executive during the Term of this Agreement an a base annual base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary") which initially shall be ONE HUNDRED AND FIFTY THOUSAND DOLLARS US (US$150,000), which amount shall be effective as of April 1, 2011subject to applicable taxable withholding and deductions and payable in accordance with the Corporation's standard payroll practice for executive officers. The Executive’s Annual Base Salary shall be payable in equal installments reviewed annually by the Board or a committee of the Board and may be increased in accordance with the Company’s regular payroll practices. The Annual Base Salary may be increased from time to time by the BoardCorporation's compensation policy.

Appears in 2 contracts

Samples: Executive Employment Agreement (Zomedica Corp.), Executive Employment Agreement (Zomedica Pharmaceuticals Corp.)

Annual Base Salary. The During the Term, the Company shall pay the Executive during the Term of this Agreement an annual base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), which Salary of $330,000 as compensation for the Executive’s services. The Annual Base Salary amount shall be effective as of April 1, 2011subject to review and may be adjusted based upon the Company’s normal performance review practices. The Executive’s Annual Base Salary shall will be payable in equal installments paid periodically in accordance with the Company’s regular normal payroll practices. The Annual Base Salary may practices and be increased from time subject to time by the Boardusual, required withholdings.

Appears in 2 contracts

Samples: Employment Agreement (Acutus Medical, Inc.), Employment Agreement (Acutus Medical, Inc.)

Annual Base Salary. The Company shall pay to the Executive during the Term of this Agreement an annual base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), which amount shall ) at a rate not less than one hundred thousand dollar ($100,000) per year such salary to be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable paid in equal installments in accordance conformity with the Company’s regular 's payroll practicespolicies relating to its senior executive officers, but in any event not less than monthly. The Annual Base Salary may be increased may, from time to time by time, be increased, however, if the BoardExecutive's Base Salary is increased, it shall not thereafter be decreased during the Term.

Appears in 1 contract

Samples: Employment Agreement (Idt Corp)

Annual Base Salary. The As compensation for all services to be rendered by Executive under this Agreement, the Company shall pay the to Executive during the Term of this Agreement an a base annual base salary of One Hundred Twenty Thousand $_______ ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), which amount salary shall be effective as of April 1paid in conformity with the Company’s pay practices generally applicable to Company executives. Beginning in 2015, 2011. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with subject to annual review by the Company’s regular payroll practices. The Annual Base Salary CEO and may be increased from time and decreased pursuant to time by the Boardsuch review.

Appears in 1 contract

Samples: Form of Executive Employment Agreement (AV Homes, Inc.)

Annual Base Salary. The Company During the term of this Agreement, the Companies shall pay to the Executive during the Term of this Agreement an annual base salary of One Two Hundred Twenty Thousand dollars ($120,000) Dollars (less all applicable deductions200,000) (the "Annual Base Salary."), which amount shall be effective as of April 1, 2011. ) The Executive’s Annual Base Salary shall be payable in equal installments in accordance with the Company’s regular payroll practices. The Annual Base Salary may be increased from time subject to time by the Boardany Tax Withholdings and/or Employee Deductions that are applicable.

Appears in 1 contract

Samples: Employment Agreement (Ifs International Inc)

Annual Base Salary. The Company For services performed by Executive under this Agreement, Bank and Corporation shall pay the Executive during the Term of this Agreement an annual base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be during the Employment Period at the rate of $140,955.52 per year, minus applicable withholdings and deductions, payable in equal installments in accordance with at the Company’s regular payroll practices. The Annual Base Salary may be increased from time same times as salaries are payable to time by the Boardother executive employees of Bank and Corporation.

Appears in 1 contract

Samples: Employment Agreement (GNB Financial Services Inc)

Annual Base Salary. The Company shall pay During the Executive during the Term term of this Agreement an annual Agreement, the Company will pay Executive as compensation for his services a base salary at the annualized rate of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) 275,000 (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal installments paid in accordance with the Company’s regular 's normal payroll practices. The Annual Base Salary may practices and shall be increased from time subject to time annual review by the BoardBoard for any appropriate adjustment.

Appears in 1 contract

Samples: Employment Agreement (Rstar Corp)

Annual Base Salary. The Company shall pay the Executive during the Term of this Agreement an annual base salary for the Executive's actual period of One Hundred Twenty employment at a rate of Eighty Thousand Dollars ($120,00080,000) per year commencing from and after the Effective Date. Executive's annual base salary shall increase to a rate of Ninety Thousand Dollars (less all applicable deductions$90,000) (the "Annual Base Salary"), which amount shall be effective as of April per year commencing on June 1, 20112003. The Executive’s Annual Base Salary 's base salary shall be payable in equal installments paid in accordance with the Company’s regular 's normal payroll practices. The Annual Base Salary may be increased policies for senior management as are from time to time by the Boardin effect. The Company agrees to reconsider compensation upon receipt of licensing revenues.

Appears in 1 contract

Samples: Employment Agreement (Helix Biomedix Inc)

Annual Base Salary. The As compensation for all services to be rendered by Executive under this Agreement, the Company shall pay the to Executive during the Term of this Agreement an a base annual base salary of Five Hundred Forty-Six Thousand Twenty-One Hundred Twenty Thousand Dollars ($120,000) Dollars (less all applicable deductions546,021) (the "Annual Base Salary"), which amount salary shall be effective paid in conformity with the Company’s pay practices generally applicable to Company executives. Executive will be eligible for annual pay increases as of April 1determined by the Board. If this Agreement is signed by the parties after the Effective Date, 2011. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with paid retroactively to the Company’s regular payroll practices. The Annual Base Salary may be increased from time to time by the BoardEffective Date.

Appears in 1 contract

Samples: Executive Employment Agreement (Trizetto Group Inc)

Annual Base Salary. The Company shall pay the Executive during the Term of While employed under this Agreement an Agreement, Executive’s annual base salary of One Hundred Twenty Thousand will be $650,000 ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), which amount shall ”) and will be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable paid in equal installments cash in accordance with the customary payroll practices of the Company’s regular payroll practices. The Annual Base Salary may be increased from time to time by the Board.

Appears in 1 contract

Samples: Stone Energy Corp

Annual Base Salary. The As compensation for all services to be rendered by Executive under this Agreement, the Company shall pay the to Executive during the Term of this Agreement an a base annual base salary of One Five Hundred Twenty Thousand Dollars ($120,000) Dollars (less all applicable deductions520,000) (the "Annual Base Salary"), which amount salary shall be effective paid in conformity with the Company’s pay practices generally applicable to Company executives. Executive will be eligible for annual pay increases as of April 1determined by the Board. If this Agreement is signed by the parties after the Effective Date, 2011. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with paid retroactively to the Company’s regular payroll practices. The Annual Base Salary may be increased from time to time by the BoardEffective Date.

Appears in 1 contract

Samples: Executive Employment Agreement (Trizetto Group Inc)

Annual Base Salary. The As compensation for Executive’s services and in consideration for the Executive’s covenants contained in this Agreement, the Company shall pay the Executive during the Term of this Agreement an annual base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011170,000. The Executive’s Annual Base Salary Such annual base salary shall be payable in equal installments in accordance with the policy then prevailing for the Company’s regular payroll practicessalaried employees generally, and the annual base salary shall be subject to any tax and other withholdings or deductions required by applicable laws and regulations. The Annual Base Salary may be increased from time to time by the Board.Executive’s annual

Appears in 1 contract

Samples: Executive Agreement (Homeowners Choice, Inc.)

Annual Base Salary. The During the Term, the Company shall pay the Executive during the Term of this Agreement an annual base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), which Salary of $310,000 as compensation for the Executive’s services. The Annual Base Salary amount shall be effective as of April 1, 2011subject to review and may be adjusted based upon the Company’s normal performance review practices. The Executive’s Annual Base Salary shall will be payable in equal installments paid periodically in accordance with the Company’s regular normal payroll practices. The Annual Base Salary may practices and be increased from time subject to time by the Boardusual, required withholdings.

Appears in 1 contract

Samples: Employment Agreement (Acutus Medical, Inc.)

Annual Base Salary. The During the Term, the Company shall pay the Executive during the Term of this Agreement an annual base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), which Salary of $380,000 as compensation for the Executive’s services. The Annual Base Salary amount shall be effective as of April 1, 2011subject to review and may be adjusted based upon the Company’s normal performance review practices. The Executive’s Annual Base Salary shall will be payable in equal installments paid periodically in accordance with the Company’s regular normal payroll practices. The Annual Base Salary may practices and be increased from time subject to time by the Boardusual, required withholdings.

Appears in 1 contract

Samples: Employment Agreement (Acutus Medical, Inc.)

Annual Base Salary. The Company Employer shall pay the to Executive during the Term of this Agreement as compensation for his services an annual base salary Annual Base Salary of One Hundred Twenty and Seventy Thousand Dollars ($120,000170,000) Dollars in such intervals as other salaried executives of the Employer are presently paid (but in no case less all applicable deductions) (the "Annual Base Salary"frequently than monthly), which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with the Company’s regular payroll practices. The Annual Base Salary may be increased from time paid subject to time by the Boardall federal, state and local rules for payment, deduction and withholding of taxes.

Appears in 1 contract

Samples: Employment Agreement (San Francisco Co)

Annual Base Salary. The For all services rendered by Executive under this Agreement, the Company shall pay the Executive during the Term term of this Agreement an annual a base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary")salary, which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal periodic installments in accordance with the Company’s regular payroll practices. The Annual Base Salary , as such may be increased amended from time to time time, at an annual rate of not less than $130,000. The amount of such base salary shall be reviewed at least once each fiscal year by the BoardCompensation Committee of the Company’s Board of Directors.

Appears in 1 contract

Samples: Employment Agreement (Sirenza Microdevices Inc)

Annual Base Salary. The Company Until terminated pursuant to Section 2, Executive shall pay the Executive during the Term of this Agreement be paid an annual base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) 225,000 during the term of this Agreement (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with at such regular times and intervals as the Company’s regular payroll practices. The Annual Base Salary may be increased Company customarily pays its executives from time to time by the Boardtime, subject to applicable tax withholdings.

Appears in 1 contract

Samples: Executive Employment Agreement (Parlux Fragrances Inc)

Annual Base Salary. The For all services rendered by Executive under this Agreement, the Company shall pay the Executive during the Term term of this Agreement an annual a base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary")salary, which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal periodic installments in accordance with the Company’s regular payroll practices. The Annual Base Salary , as such may be increased amended from time to time time, at an annual rate of not less than $205,000.00. The amount of such base salary shall be reviewed at least once each fiscal year by the BoardCompensation Committee of the Company’s Board of Directors.

Appears in 1 contract

Samples: Employment Agreement (Sirenza Microdevices Inc)

Annual Base Salary. The Company shall pay to the Executive during the Term of this Agreement an annual as compensation for his services provided hereunder a base salary of One Two Hundred Twenty and Five Thousand Dollars ($120,000205,000) Dollars per year (less all applicable deductions) (the "Annual Base Salary"), which amount payable on a periodic basis consistent with the regular payroll practices of the Company. All payments to Executive shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with the Company’s regular payroll practices. The Annual Base Salary may be increased from time subject to time by the Boardall applicable tax withholdings.

Appears in 1 contract

Samples: Employment Agreement (Juniper Partners Acquisition Corp.)

Annual Base Salary. The For the services of the Executive to be rendered under this Agreement, during the Employment Term the Company shall pay the Executive during the Term of this Agreement an annual base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "475,000. The Annual Base Salary"Salary shall be adjusted annually at the greater of (i) four (4%), which (ii) an amount shall be effective approved by the Compensation Committee of the Parent's Board of Directors or (iii) the Consumer Price Index in accordance with the formula attached hereto as of April 1, 2011. Exhibit A. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with the Company’s regular 's normal payroll practices. The Annual Base Salary may be increased from time to time by the Board.

Appears in 1 contract

Samples: Employment Agreement (SFBC International Inc)

Annual Base Salary. The Company shall pay to the Executive during the Term of this Agreement an annual as compensation for his services provided hereunder a base salary of One Hundred Twenty Thousand $280,000.00 per year ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with the Company’s regular 's normal payroll practicesprocedures. The Annual Company shall review the Executive's Base Salary annually, and in its sole discretion, may be increased increase the Executive's Base Salary from time year to time by year. The annual review of the BoardExecutive's salary shall take into consideration competitive market practices in addition to evaluations of the Executive's performance.

Appears in 1 contract

Samples: Employment Agreement (Agl Resources Inc)

Annual Base Salary. The For all services rendered by Executive under this Agreement, the Company shall pay the Executive during the Term term of this Agreement an annual a base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary")salary, which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal periodic installments in accordance with the Company’s regular payroll practices. The Annual Base Salary , as such may be increased amended from time to time time, at an annual rate of not less than $295,000. The amount of such base salary shall be reviewed at least once each fiscal year by the BoardChief Executive Officer and the Compensation Committee of the Company’s Board of Directors.

Appears in 1 contract

Samples: Executive Employment Agreement (Sirenza Microdevices Inc)

Annual Base Salary. The Company shall pay to the Executive during the Term of this Agreement an annual base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base SalaryBASE SALARY"), which amount shall be effective ) of $180,000 or such higher salary as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with the Company’s regular payroll practices. The Annual Base Salary may be increased from time to time be determined by the BoardCompany, such salary to be paid in conformity with the Company's payroll policies (which policy shall provide for payment of such annual base salary in no fewer than 12 equal monthly installments).

Appears in 1 contract

Samples: Employment Agreement (Khanty Mansiysk Oil Corp)

Annual Base Salary. The During the Term, the Company shall pay the Executive during the Term of this Agreement an annual base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), which Salary of $325,000 as compensation for the Executive’s services. The Annual Base Salary amount shall be effective as of April 1, 2011subject to review and may be adjusted based upon the Company’s normal performance review practices. The Executive’s Annual Base Salary shall will be payable in equal installments paid periodically in accordance with the Company’s regular normal payroll practices. The Annual Base Salary may practices and be increased from time subject to time by the Boardusual, required withholdings.

Appears in 1 contract

Samples: Employment Agreement (Acutus Medical, Inc.)

Annual Base Salary. The As compensation for all services to be rendered by Executive under this Agreement, the Company shall pay the to Executive during the Term of this Agreement an a base annual base salary of One Hundred Twenty Thousand $400,000 ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), which amount salary shall be effective as of April 1paid in conformity with the Company’s pay practices generally applicable to Company executives. Beginning in 2015, 2011. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with subject to annual review by the Company’s regular payroll practices. The Annual Base Salary Board and may be increased from time and decreased pursuant to time by the Boardsuch review.

Appears in 1 contract

Samples: Executive Employment Agreement (AV Homes, Inc.)

Annual Base Salary. The Company shall pay to the Executive during the Term of this Agreement an annual as compensation for his services provided hereunder a base salary of One Hundred Twenty Thousand $250,000 per year ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), which unless increased in such amount shall as may be effective as of April 1, 2011determined by the Board. The Executive’s Annual Base Salary 's base salary shall be payable in equal installments in accordance with the Company’s regular 's normal payroll practices. The Annual Base Salary may be increased from time to time by the Boardprocedures.

Appears in 1 contract

Samples: Agreement (Metrotrans Corp)

Annual Base Salary. The For all services rendered by Executive under this Agreement, the Company shall pay the Executive during the Term term of this Agreement an annual a base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary")salary, which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal periodic installments in accordance with the Company’s 's regular payroll practices. The Annual Base Salary , as such may be increased amended from time to time time, at an annual rate of not less than $185,000.00. The amount of such base salary shall be reviewed at least once each fiscal year by the BoardCompensation Committee of the Company's Board of Directors.

Appears in 1 contract

Samples: Employment Agreement (Sirenza Microdevices Inc)

Annual Base Salary. The Company shall pay the to Executive during the Term of this Agreement an annual base a salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary")”) at the annual rate of $540,000, which amount with such increases as may be approved by the Company’s Board of Directors and FOHG. Executive’s compensation shall be effective as of April 1paid in equal, 2011. The Executive’s Annual Base Salary shall be payable in equal periodic installments in accordance with the Company’s regular normal payroll practices. The Annual Base Salary may be increased from time to time by the Boardprocedures.

Appears in 1 contract

Samples: Employment Agreement (Frederick's of Hollywood Group Inc /Ny/)

Annual Base Salary. The As compensation for Executive’s services and in consideration for the Executive’s covenants contained in this Agreement, the Company shall pay the Executive during the Term of this Agreement an annual base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011125,000. The Executive’s Annual Base Salary Such annual base salary shall be payable in equal installments in accordance with the policy then prevailing for the Company’s regular payroll practicessalaried employees generally, and the annual base salary shall be subject to any tax and other withholdings or deductions required by applicable laws and regulations. The Annual Base Salary may Executive’s annual base salary will be increased from time to time reviewed by the Board.Board of Directors of the Company not less frequently than

Appears in 1 contract

Samples: Executive Agreement (Homeowners Choice, Inc.)

Annual Base Salary. The Company shall pay the to Executive during the Term of this Agreement an annual base a salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"”) at the annual rate of $540,000, with such increases as may be approved by the Compensation Committee of the Board of Directors (“Committee”), which amount . Executive’s compensation shall be effective as of April 1paid in equal, 2011. The Executive’s Annual Base Salary shall be payable in equal periodic installments in accordance with the Company’s regular normal payroll practices. The Annual Base Salary may be increased from time to time by the Boardprocedures.

Appears in 1 contract

Samples: Employment Agreement (Frederick's of Hollywood Group Inc /Ny/)

Annual Base Salary. The Company shall pay the to Executive during the Term of this Agreement an annual as compensation for his services provided hereunder a base salary of One Two Hundred Twenty Thirty-Five Thousand Dollars ($120,000235,000) Dollars per year (less all applicable deductions) (the "Annual Base Salary"), which amount payable on a periodic basis consistent with the regular payroll practices of the Company. All payments to Executive shall be effective as of April 1, 2011subject to all applicable tax withholdings. The Executive’s Annual Such Base Salary shall be payable in equal installments in accordance with reviewed annually by the Company’s regular payroll practices. The Annual Base Salary 's Board of Directors and may be increased from time to time by the Boardin its sole discretion.

Appears in 1 contract

Samples: Employment Agreement (Juniper Partners Acquisition Corp.)

Annual Base Salary. The Company Corporation shall pay the Executive during the Term of this Agreement an annual a base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), ) which amount shall be effective as of April 1equivalent to THREE HUNDRED FORTY ONE THOUSAND FIVE HUNDRED DOLLARS US (US$341,500) on an annualized basis, 2011. The Executive’s Annual Base Salary shall be subject to applicable taxable withholding and deductions and payable in equal installments in accordance with the Company’s regular Corporation's standard payroll practices. The Annual Base Salary may be increased from time to time by the Boardpractice for executive officers.

Appears in 1 contract

Samples: Executive Employment Agreement (Zomedica Pharmaceuticals Corp.)

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Annual Base Salary. The Company shall pay the to Executive during the Term of this Agreement an annual as compensation for his services provided hereunder a base salary of One Hundred Twenty Twenty-Five Thousand Dollars ($120,000125,000) Dollars per year (less “Base Salary”), payable on a periodic basis consistent with the regular payroll practices of the Company. All payments to Executive shall be subject to all applicable deductions) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011tax withholdings. The Executive’s Annual Such Base Salary shall be payable in equal installments in accordance with reviewed annually by the Company’s regular payroll practices. The Annual Base Salary Board of Directors and may be increased from time to time by the Boardin its sole discretion.

Appears in 1 contract

Samples: Employment Agreement (Juniper Partners Acquisition Corp.)

Annual Base Salary. The As compensation for Executive’s services and in consideration for the Executive’s covenants contained in this Agreement, the Company shall pay the Executive during the Term of this Agreement an annual base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011200,000. The Executive’s Annual Base Salary Such annual base salary shall be payable in equal installments in accordance with the policy then prevailing for the Company’s regular payroll practicessalaried employees generally, and the annual base salary shall be subject to any tax and other withholdings or deductions required by applicable laws and regulations. The Annual Base Salary may Executive’s annual base salary will be increased from time to time reviewed by the Board.Board of Directors of the Company not less frequently than

Appears in 1 contract

Samples: Executive Agreement (Homeowners Choice, Inc.)

Annual Base Salary. The Company shall pay to the Executive during the Term of this Agreement an annual base salary of One Hundred Twenty Eighty- Seven Thousand Dollars ($120,00087,000.00) Dollars per year (less all applicable deductions) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable to the Executive in equal installments semi-monthly installments, less appropriate withholdings and deductions in accordance with the Company’s regular 's customary payroll practices. The Annual Base Salary may be increased from time , subject to time by the Boardadjustments listed below.

Appears in 1 contract

Samples: Employment Agreement (Perma Fix Environmental Services Inc)

Annual Base Salary. The As compensation for all services to be rendered by Executive under this Agreement, the Company shall pay the to Executive during the Term of this Agreement an a base annual base salary of One Two Hundred Twenty Thousand Dollars ($120,000) Dollars (less all applicable deductions275,000) (the "Annual Base Salary"), which amount salary shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable paid in equal installments in accordance conformity with the Company’s regular payroll practicespay practices generally applicable to Company executives. The Annual Base Salary may Executive will be increased from time to time eligible for annual pay increases as determined by the Board.

Appears in 1 contract

Samples: Executive Employment Agreement (Document Sciences Corp)

Annual Base Salary. The As compensation for all services to be rendered by Executive under this Agreement, the Company shall pay the to Executive during the Term of this Agreement an a base annual base salary of One Hundred Twenty Sixty Eight Thousand Dollars ($120,000) Dollars (less all applicable deductions168,000) (the "Annual Base Salary"), which amount salary shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable paid in equal installments in accordance conformity with the Company’s regular payroll practicespay practices generally applicable to Company executives. The Annual Base Salary may Executive will be increased from time to time eligible for annual pay increases as determined by the Board.

Appears in 1 contract

Samples: Executive Employment Agreement (Document Sciences Corp)

Annual Base Salary. The For all services rendered by Executive under this Agreement, the Company shall pay the Executive during the Term term of this Agreement an annual a base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary")salary, which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal periodic installments in accordance with the Company’s regular payroll practices. The Annual Base Salary , as such may be increased amended from time to time time, at an annual rate of not less than $275,000. The amount of such base salary shall be reviewed at least once each fiscal year by the BoardCompensation Committee of the Company’s Board of Directors.

Appears in 1 contract

Samples: Sirenza Microdevices (Sirenza Microdevices Inc)

Annual Base Salary. The In consideration of the Services to be rendered under this Agreement, the Company shall pay the Executive during the Term of this Agreement an annual base salary at the rate of One Three Hundred Twenty Thousand Dollars ($120,000300,000.00) Dollars per year, less applicable withholdings (less all applicable deductions) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal installments paid in accordance with the Company’s regular normal payroll practices. The Annual Executive’s Base Salary may will be increased reviewed from time to time by in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be increased in the sole discretion of the Board.

Appears in 1 contract

Samples: Executive Employment Agreement (Orange 21 Inc.)

Annual Base Salary. The Company shall pay the Executive during the Term of this Agreement an annual a base salary of One Two Hundred and Twenty Thousand Dollars ($120,000) Dollars (less all applicable deductions220,000) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011) on an annualized basis. The Executive’s Annual Company shall review the Base Salary approximately annually during the Term to determine, at the discretion of the Company, whether the Base Salary should be increased and, if so, the amount of such adjustment and the time at which the adjustment should take effect. The Base Salary shall be payable in equal installments in accordance paid to Executive consistent with the customary payroll practices of the Company’s regular payroll practices. The Annual Base Salary may be increased from time to time by the Board.

Appears in 1 contract

Samples: Employment Agreement (Integra Bank Corp)

Annual Base Salary. The Company shall pay to the Executive during the Term of this Agreement an annual base salary of One (the “Base Salary”) at a rate not less than Two Hundred Twenty Fifty Thousand Dollars ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"250,000.00), which amount shall such salary to be effective as of April 1paid in conformity with the Company’s payroll policies relating to its senior executive officers. During the Term, 2011. The the Executive’s Annual Base Salary shall be payable in equal installments in accordance with increased, if necessary, so that the Base Salary is not less than the highest paid employee(s) of the Company or any of the Company’s regular payroll practices. The Annual Base Salary may be increased from time to time by the Boardcontrolled entities.

Appears in 1 contract

Samples: Employment Agreement (Idt Corp)

Annual Base Salary. The As compensation for his services hereunder, the Company shall pay the Executive to Executive, during the Term of this Agreement Employment Period, an annual base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary") equal to Eighty Thousand Dollars ("$80,000.00), which amount shall be effective as of April 1, 2011. The Executive’s 's Annual Base Salary salary shall be payable every two weeks in twenty-six (26) equal installments in accordance with the Company’s regular payroll practices. The Annual Base Salary may be increased from time to time by the Boardinstallments.

Appears in 1 contract

Samples: Executive Employment Agreement (Irata Inc)

Annual Base Salary. The For all services rendered by Executive under this Agreement, the Company shall pay the Executive during the Term term of this Agreement an annual a base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary")salary, which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal periodic installments in accordance with the Company’s regular payroll practices. The Annual Base Salary , as such may be increased amended from time to time time, at an annual rate of not less than $180,000.00. The amount of such base salary shall be reviewed at least once each fiscal year by the BoardCompensation Committee of the Company’s Board of Directors.

Appears in 1 contract

Samples: Employment Agreement (Sirenza Microdevices Inc)

Annual Base Salary. The Company shall pay the Executive during the Term of this Agreement an annual a base salary of One Two Hundred Twenty and Forty Thousand Dollars ($120,000) Dollars (less all applicable deductions240,000) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011) on an annualized basis. The Executive’s Annual Company shall review the Base Salary approximately annually during the Term to determine, at the discretion of the Company, whether the Base Salary should be increased and, if so, the amount of such adjustment and the time at which the adjustment should take effect. The Base Salary shall be payable in equal installments in accordance paid to Executive consistent with the customary payroll practices of the Company’s regular payroll practices. The Annual Base Salary may be increased from time to time by the Board.

Appears in 1 contract

Samples: Employment Agreement (Integra Bank Corp)

Annual Base Salary. The Company shall pay the to Executive during the Term of this Agreement an annual as compensation for his services provided hereunder a base salary of One Two Hundred Twenty Thirty-Five Thousand Dollars ($120,000235,000) Dollars per year (less “Base Salary”), payable on a periodic basis consistent with the regular payroll practices of the Company. All payments to Executive shall be subject to all applicable deductions) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011tax withholdings. The Executive’s Annual Such Base Salary shall be payable in equal installments in accordance with reviewed annually by the Company’s regular payroll practices. The Annual Base Salary Board of Directors and may be increased from time to time by the Boardin its sole discretion.

Appears in 1 contract

Samples: Employment Agreement (Juniper Partners Acquisition Corp.)

Annual Base Salary. The As compensation for his services hereunder, the Company shall pay the Executive to Executive, during the Term of this Agreement Employment Period, an annual base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary") equal to One Hundred Thirty-Five Thousand Dollars ("$135,000.00), which amount shall be effective as of April 1, 2011. The Executive’s 's Annual Base Salary salary shall be payable every two weeks in twenty-six (26) equal installments in accordance with the Company’s regular payroll practices. The Annual Base Salary may be increased from time to time by the Boardinstallments.

Appears in 1 contract

Samples: Executive Employment Agreement (Irata Inc)

Annual Base Salary. The As compensation for all services to be rendered by Executive under this Agreement, the Company shall pay the to Executive during the Term of this Agreement an a base annual base salary of One Hundred Twenty Thousand $598,000.00 ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), which amount salary shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable paid in equal installments in accordance conformity with the Company’s regular normal payroll practices. The Annual Base Salary may be increased from time to time by the Board.

Appears in 1 contract

Samples: Employment Agreement (Viant Technology Inc.)

Annual Base Salary. The During the Term, the Company shall pay the Executive during the Term of this Agreement an annual base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), which Salary of $350,000 as compensation for the Executive’s services. The Annual Base Salary amount shall be effective as of April 1, 2011subject to review and may be adjusted based upon the Company’s normal performance review practices. The Executive’s Annual Base Salary shall will be payable in equal installments paid periodically in accordance with the Company’s regular normal payroll practices. The Annual Base Salary may practices and be increased from time subject to time by the Boardusual, required withholdings.

Appears in 1 contract

Samples: Employment Agreement (Acutus Medical, Inc.)

Annual Base Salary. The During the Term, the Company shall pay the Executive during the Term of this Agreement an annual base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), which Salary of $340,000 as compensation for the Executive’s services. The Annual Base Salary amount shall be effective as of April 1, 2011subject to review and may be adjusted based upon the Company’s normal performance review practices. The Executive’s Annual Base Salary shall will be payable in equal installments paid periodically in accordance with the Company’s regular normal payroll practices. The Annual Base Salary may practices and be increased from time subject to time by the Boardusual, required withholdings.

Appears in 1 contract

Samples: Employment Agreement (Acutus Medical, Inc.)

Annual Base Salary. The Company shall pay Executive a base salary at an annual rate of Two Hundred Ten Thousand Dollars ($210,000) from the Executive during Effective Date through December 31, 2005, and an annual rate of Four Hundred Seventy-Seven Thousand Nine Hundred Four Dollars and Thirteen Cents ($477,904.13) for the remainder of the Term of this Agreement an annual base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal installments in accordance paid to Executive consistent with the customary payroll practices of the Company’s regular payroll practices. The Annual Base Salary may be increased from time to time by the Board.

Appears in 1 contract

Samples: Employment Agreement (Marsh Supermarkets Inc)

Annual Base Salary. The Company shall pay the to Executive during the Term of this Agreement an annual as compensation for his services provided hereunder a base salary of One Hundred Twenty Twenty-Five Thousand Dollars ($120,000125,000) Dollars per year (less all applicable deductions) (the "Annual Base Salary"), which amount payable on a periodic basis consistent with the regular payroll practices of the Company. All payments to Executive shall be effective as of April 1, 2011subject to all applicable tax withholdings. The Executive’s Annual Such Base Salary shall be payable in equal installments in accordance with reviewed annually by the Company’s regular payroll practices. The Annual Base Salary 's Board of Directors and may be increased from time to time by the Boardin its sole discretion.

Appears in 1 contract

Samples: Employment Agreement (Juniper Partners Acquisition Corp.)

Annual Base Salary. The As compensation for all services to be rendered by Executive under this Agreement, the Company shall pay the to Executive during the Term of this Agreement an a base annual base salary of One Hundred Twenty Eighty Five Thousand Dollars ($120,000) Dollars (less all applicable deductions185,000) (the "Annual Base Salary"), which amount salary shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable paid in equal installments in accordance conformity with the Company’s regular payroll practicespay practices generally applicable to Company executives. The Annual Base Salary may Executive will be increased from time to time eligible for annual pay increases as determined by the Board.

Appears in 1 contract

Samples: Executive Employment Agreement (Document Sciences Corp)

Annual Base Salary. The Company shall pay the to Executive during the Term of this Agreement an annual as compensation for his services provided hereunder a base salary of One Two Hundred Twenty Thirty-Five Thousand Dollars ($120,000235,000) Dollars per year (less ‘‘Base Salary’’), payable on a periodic basis consistent with the regular payroll practices of the Company. All payments to Executive shall be subject to all applicable deductions) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011tax withholdings. The Executive’s Annual Such Base Salary shall be payable in equal installments in accordance with reviewed annually by the Company’s regular payroll practices. The Annual Base Salary Board of Directors and may be increased from time to time by the Boardin its sole discretion.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Juniper Partners Acquisition Corp.)

Annual Base Salary. The For the services of the Executive to be rendered under this Agreement, during the Employment Term the Company shall pay the Executive during the Term of this Agreement an annual base salary of One Hundred Twenty Thousand $650,000, increased each year on the anniversary of the Effective Date, by the greater of ($120,000i) Dollars 4% of the then effective annual base salary and (less all applicable deductionsii) (an amount determined by the "Annual Base Salary"), which amount shall be effective as of April 1, 2011Compensation Committee. The Executive’s Annual Base Salary annual base salary shall be payable in equal installments in accordance with the Company’s regular 's normal payroll practices. The Annual Base Salary may be increased from time , subject to time by the BoardCompany's collection of all applicable withholding taxes.

Appears in 1 contract

Samples: Employment Agreement (SFBC International Inc)

Annual Base Salary. The Company Corporation shall pay the Executive during the Term of this Agreement an a base annual base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary") which initially shall be TWO HUNDRED THOUSAND DOLLARS US (US$200,000), which amount shall be effective as of April 1, 2011subject to applicable taxable withholding and deductions and payable in accordance with the Corporation's standard payroll practice for executive officers. The Executive’s Annual Base Salary shall be payable in equal installments reviewed annually by the Board or a committee of the Board and may be increased in accordance with the Company’s regular payroll practices. The Annual Base Salary may be increased from time to time by the BoardCorporation's compensation policy.

Appears in 1 contract

Samples: Executive Employment Agreement (Zomedica Pharmaceuticals Corp.)

Annual Base Salary. The Company shall initially pay the Executive during the Term of this Agreement an annual base salary of One Hundred Twenty Thousand two hundred thousand dollars ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"200,000), which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with the Company’s regular payroll practices. The Annual Base Salary it may be increased adjusted from time to time pursuant to this Agreement (the “Base Salary”), less standard withholdings and deductions, and payable in accordance with Company’s standard payroll procedures. The first paycheck date will be October 21, 2022. Executive will be considered for annual increases in the Base Salary in accordance with Company policy and subject to review and approval by the Board.

Appears in 1 contract

Samples: Executive Employment Agreement (Coretec Group Inc.)

Annual Base Salary. The As compensation for all duties and services to be rendered by Executive hereunder to Company, Company shall pay the to Executive during the Term of this Agreement an annual base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), which amount shall be effective as " for each year of April 1, 2011. The Executive’s Annual Base Salary shall be the Initial Term of Eighty Thousand and No/100 Dollars ($80,000.00) payable in equal no less than twelve (12) monthly installments in accordance with Company's customary payroll policy in effect at the Company’s regular payroll practices. The Annual Base Salary time such payment is made, or as may otherwise be increased from time to time mutually agreed upon in writing by the Boardparties.

Appears in 1 contract

Samples: Employment Agreement (Ergobilt Inc)

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