Annual Base Salary. Executive shall receive a base salary at the rate of $900,000 per annum (the “Annual Base Salary”), subject to 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 the a rate of not less than eight hundred twenty-five thousand dollars ($900,000 825,000) per annum annum, which shall be paid in accordance with the customary payroll practices of the Company (the “Annual Base Salary”), subject to 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 (Rackspace Technology, Inc.), Employment Agreement (Rackspace Technology, Inc.)
Annual Base Salary. During the Term, the Executive shall receive a base salary at the rate of $900,000 per annum (the “Annual Base Salary”)) at a rate of $750,000 per annum, subject to withholdings and deductions and which amount shall be paid to Executive reviewed for increase not less frequently than annually. The Annual Base Salary shall be payable 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 (RHI Entertainment, Inc.), Employment Agreement (RHI Entertainment, Inc.)
Annual Base Salary. Effective immediately, and during the Employment Period, the Executive shall receive a an annual base salary at the rate of $900,000 per annum (the “Annual Base Salary”)) of at least $750,000, subject to withholdings and deductions and the competitiveness of which shall be paid to Executive periodically reviewed and adjusted in accordance with the customary payroll practices and procedures of the CompanyCompany policy. Such Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reviewed by reduced after any such increase and the Company not less often than annually, and may be adjusted from time term Annual Base Salary as utilized in this Agreement shall refer to timeAnnual Base Salary as so increased.
Appears in 2 contracts
Samples: Employment Agreement (Michael Foods Group, Inc.), Employment Agreement (Michael Foods Inc/New)
Annual Base Salary. During the Term, the Executive shall receive a base salary at the a rate of $900,000 640,000 per annum annum, which shall be paid in accordance with the customary payroll practices of the Employer, subject to review by the Board in its sole discretion (the “Annual Base Salary”), subject to 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: Executive Employment Agreement (Cotiviti Holdings, Inc.), Executive Employment Agreement (Cotiviti Holdings, Inc.)
Annual Base Salary. The Executive shall receive a base salary ("Annual Base Salary") at the a rate of $900,000 225,000 per annum (for the “Annual Base Salary”)Initial Term, subject and thereafter at a rate to withholdings be negotiated between the Executive and deductions and which shall be paid to Executive the Boards, but in accordance with the customary payroll practices and procedures of the Companyno event less than $225,000 per annum. Such The Annual Base Salary shall be reviewed by payable in accordance with the Company not Company's normal payment practices but, in no event, shall such Annual Base Salary be payable less often frequently than annually, and may be adjusted from time to timemonthly.
Appears in 2 contracts
Samples: Employment Agreement (Financial Pacific Insurance Group Inc), Employment Agreement (Financial Pacific Insurance Group Inc)
Annual Base Salary. Executive shall receive a base salary at the rate of $900,000 130,000 per annum (the “Annual Base Salary”), subject to 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 Board’s Compensation Committee not less often than annually, 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. The Executive shall receive be paid a base salary at the annual base rate of Five Hundred Ten Thousand and No/100 Dollars ($900,000 per annum 510,000) (the “Annual Base Salary”), subject to withholdings and deductions and which shall be paid to Executive in accordance with the customary payroll practices and procedures of the Company. Such The Executive’s Annual Base Salary shall be reviewed by the Company not less often than annuallyBoard of Directors annually for potential increases, and may as determined by the Board of Directors based on its evaluation of the Executive’s performance. The Executive’s Annual Base Salary shall be adjusted from time to timepayable in accordance with the Bank’s normal payroll practices.
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 the a rate of $900,000 500,000 per annum (the “Annual Base Salary”), subject to 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 , subject to adjustment as determined by the Company not less often than annually, and may be adjusted from time to timeBoard.
Appears in 2 contracts
Samples: Employment Agreement (Triumph Group Inc), Employment Agreement (Vought Aircraft Industries Inc)
Annual Base Salary. During the Term, Executive shall receive a base salary at the a rate of Two Hundred Seventy-Five Thousand Dollars ($900,000 275,000) per annum (the “Annual Base Salary”), subject to 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 adjusted) from time to timetime by the Board.
Appears in 1 contract
Annual Base Salary. Executive shall receive a Executive’s base salary at the rate of shall be $900,000 750,000.00 per annum year (the “Annual Base Salary”)) beginning on the Commencement Date, subject which amount may be periodically reviewed at the discretion of the Compensation Committee. The Annual Base Salary and any payments to withholdings and deductions and which the Executive during any Continuation Period shall be paid to Executive payable in accordance with the customary Company’s standard payroll practices and procedures of the Company. Such Annual Base Salary policies (unless otherwise expressly provided herein) and shall be reviewed subject to such withholdings as required by the Company not less often than annually, and may be adjusted from time to timelaw or as otherwise permissible under such practices or policies.
Appears in 1 contract
Annual Base Salary. During the Term, the Executive shall receive a base salary at the a rate of one million dollars ($900,000 1,000,000) per annum annum, which shall be paid in accordance with the customary payroll practices of the Company (the “Annual Base Salary”), subject to withholdings and deductions and which shall be paid to Executive in accordance with the customary payroll practices and procedures of the Company. Such The Annual Base Salary shall be reviewed subject to annual review for increase by the Company not less often than annually, and may be adjusted from time to timeBoard in its discretion.
Appears in 1 contract
Samples: Employment Agreement (Hexion Inc.)
Annual Base Salary. During the Employment Period, the Executive shall receive a an annual base salary at the rate of no less than $900,000 per annum 500,000 (the “such annual base salary, in effect from time to time, "Annual Base Salary”"), subject to withholdings and deductions and which shall be paid to Executive in accordance with the customary payroll practices and procedures of the Company. Such The Annual Base Salary shall be reviewed by payable in accordance with the Company not less often than annuallyCompany's regular payroll practice for its senior executives, and may be adjusted as in effect from time to time.
Appears in 1 contract
Samples: Employment Agreement (Constellation Energy Group Inc)
Annual Base Salary. During the Term, the Executive shall receive a base salary at a rate as of the rate Effective Date of $900,000 1,625,000 per annum annum, and which shall be paid in accordance with the customary payroll practices of the Company (as increased from time to time, the “Annual Base Salary”), subject to withholdings and deductions and which shall be paid to Executive in accordance with the customary payroll practices and procedures . The rate of the Company. Such Annual Base Salary shall be reviewed annually by the Company not less often than annually, Compensation Committee and may be adjusted from time to timeincreased, but not decreased, upon such review.
Appears in 1 contract
Annual Base Salary. During the Employment Period, unless increased by the Board in its sole discretion, the Executive shall receive a an annual base salary at the rate of $900,000 per annum 750,000 (the “Annual Base Salary”), subject to withholdings and deductions and which shall be paid to Executive payable in equal installments in accordance with the customary Company’s normal payroll practices and procedures of practice for its senior executives, subject to the Executive’s continued active employment with 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
Annual Base Salary. During the Employment Period, the Executive shall receive a an annual base salary at the rate of $900,000 per annum (the “Annual Base Salary”), subject to withholdings and deductions and which shall be paid to Executive ) of $1,200,000 payable in equal installments in accordance with the customary Partnership’s normal payroll practices and procedures of practice for its senior executives, subject to the Company. Such Annual Base Salary shall be reviewed by Executive’s continued active employment with the Company not less often than annually, and may be adjusted from time to timethe Partnership.
Appears in 1 contract
Samples: Employment Agreement (General Growth Properties Inc)
Annual Base Salary. During the Term, the Executive shall receive a base salary at the a rate of $900,000 575,000 per annum (the “Annual Base Salary”), subject to withholdings and deductions and which shall be paid to Executive in accordance with the customary payroll practices and procedures of the Company. Such The Annual Base Salary shall be reviewed by the Company not less often than annually, (and may be adjusted from time to timeupward) at least annually by the Board.
Appears in 1 contract
Samples: Employment Agreement (Allison Transmission Holdings Inc)
Annual Base Salary. During the Employment Period, the Executive shall receive a an annual base salary at the rate of $900,000 per annum (the “Annual Base Salary”)) of $1,200,000 payable in equal installments in accordance with GGP’s normal payroll practice for its senior executives, subject to withholdings and deductions and which shall be paid to Executive in accordance the Executive’s continued active employment with the customary payroll practices and procedures Company or any 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 timeits subsidiaries.
Appears in 1 contract
Samples: Employment Agreement (General Growth Properties, Inc.)
Annual Base Salary. During the Term, the Executive shall receive a base salary at the an annual rate of Two Hundred Fifty Thousand and No/100 Dollars ($900,000 250,000.00) per annum (the “Annual Base Salary”), subject to withholdings and deductions and which . The Annual Base Salary shall be paid to Executive in accordance with the customary payroll practices and procedures of the Company. Such Annual Base Salary Company and shall be reviewed reduced by the Company not less often than annually, and may be adjusted from time to timeany mandatory federal or state withholdings.
Appears in 1 contract
Samples: Employment Agreement (MasterCraft Boat Holdings, Inc.)
Annual Base Salary. Executive shall receive a An annual base salary at ("ANNUAL BASE SALARY") equal to Two Hundred Six Thousand Six Hundred Dollars ($206,600) per year. During the rate term of $900,000 per annum (this Agreement, the “Annual Base Salary”), subject to withholdings and deductions and which Chief Executive Officer shall be paid to Executive in accordance with review the customary payroll practices and procedures of the Company. Such Executive's Annual Base Salary shall be reviewed by with the Company not less often than annuallyCompensation Committee on or about each anniversary date of the date of this Agreement. The Compensation Committee, in its sole and may be adjusted absolute discretion from time to time, may adjust the Executive's Annual Base Salary.
Appears in 1 contract
Annual Base Salary. During the Term, the Executive shall receive a base salary at the an initial rate of $900,000 875,000 per annum 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 (other than any decrease that would not constitute Good Reason), in the Board’s discretion (the “Annual Base Salary”), subject to 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.US-DOCS\111566278.1
Appears in 1 contract
Annual Base Salary. During the Term, the Executive shall receive a base salary at the a rate of $900,000 300,000 per annum (the “Annual Base Salary”), subject to withholdings and deductions and which shall be paid to Executive in accordance with the customary payroll practices and procedures of the Company. Such The Annual Base Salary shall will be reviewed by from time to time in accordance with the established procedures of the Company not less often than annually, for adjusting salaries for similarly situated employees and may be adjusted from time to timein the sole discretion of the Company.
Appears in 1 contract
Samples: Employment Agreement (Skilled Healthcare Group, Inc.)
Annual Base Salary. Executive shall receive a base salary at the rate of $900,000 110,000 per annum (the “Annual Base Salary”), subject to 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
Annual Base Salary. During the Term, the Executive shall receive a base salary at the a rate of that is no less than $900,000 380,000 per annum (the “Annual Base Salary”), subject to withholdings and deductions and which shall be paid to Executive payable in accordance with the customary Company’s normal payroll practices and procedures practices. The rate of the Company. Such Annual Base Salary shall be reviewed by the Company not less often than annually, Compensation Committee on or prior to each anniversary of the Effective Date during the Term and may be adjusted from time to timeincreased, but not decreased, upon such review.
Appears in 1 contract
Samples: Employment Agreement (Marathon Power Technologies Co)
Annual Base Salary. During the Term, the Company shall pay to the Executive shall receive a an annual base salary in installments, not less often than monthly, at the an annual rate of not less than $900,000 per annum 275,000 (the “Annual Base Salary”), subject to withholdings and deductions and which shall be paid to Executive in accordance with the customary payroll practices and procedures of the Company. Such The Annual Base Salary shall be reviewed by the Company not less often than annuallyBoard or the Compensation Committee of the Board (the “Committee”) at least annually for increase, and may the Annual Base Salary, as and to the extent so adjusted, shall be adjusted from time to timethe “Annual Base Salary” for all purposes of this Agreement.
Appears in 1 contract
Samples: Employment Agreement (Alico, Inc.)
Annual Base Salary. During the Term, the Executive shall receive a base salary at the rate of $900,000 125,000 per annum (the “"Annual Base Salary”"), subject to withholdings and deductions and which shall . The Annual Base Salary will be paid to Executive payable 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 's policies in effect from time to time, but, in no event, will such Annual Base Salary be payable less frequently than in monthly installments.
Appears in 1 contract
Annual Base Salary. During the Employment Period, the Company shall pay to the Executive shall receive a an annual base salary at the rate of $900,000 1,024,800 per annum (the “Annual Base Salary”), subject to withholdings and deductions and which shall be paid to Executive in accordance with the customary Company's regular payroll practices and procedures of the Companypractices. Such Annual Base Salary This annual base salary shall be reviewed by periodically in accordance with guidelines applicable to the Company not less often than annually, and may be adjusted from time to timeCompany's senior executives generally.
Appears in 1 contract
Samples: Employment Agreement (True North Communications Inc)
Annual Base Salary. During the Term, the Executive shall receive a base salary at the rate of $900,000 per annum (the “Annual Base Salary”)) at a rate of $2,065,250 per annum, subject to withholdings and deductions and which amount shall be paid to Executive increased by 5% per annum on a cumulative basis on each anniversary of the Effective Date. The Annual Base Salary shall be payable 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
Annual Base Salary. Effective as of the Amendment Effective Date, Executive shall receive a base salary at the a rate of six hundred and twenty-five thousand dollars ($900,000 625,000) per annum (the “Annual Base Salary”), subject to 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 Board from time to timetime but no less frequently than annually.
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 the a rate of $900,000 625,000 per annum annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to increase as determined by the Board in its sole discretion (the “Annual Base Salary”), subject to withholdings and deductions and which . Any such increased amount shall thereafter be paid to Executive in accordance with the customary payroll practices and procedures of the Company. Such Executive’s “Annual Base Salary shall be reviewed by the Company not less often than annually, and may be adjusted from time to timeSalary” for all purposes hereunder.
Appears in 1 contract
Annual Base Salary. During the Employment Period, the Executive shall receive a an annual base salary at the rate of $900,000 per annum (the “"Annual Base Salary”), subject to withholdings and deductions and which shall be paid to Executive in accordance with the customary payroll practices and procedures ") of the Companyat least $750,000. Such Annual Base Salary shall be reviewed subject to periodic review by the Company not less often than annually, and may be adjusted from time to timeBoard for increases in its sole discretion.
Appears in 1 contract
Samples: Employment Agreement (HSB Group Inc)
Annual Base Salary. During the Term, the Executive shall receive a base salary at the an initial rate of one million dollars ($900,000 1,000,000) per annum annum. The Executive’s base salary shall be paid in accordance with the customary payroll practices of the Company and shall be subject to annual review by the Board (the “Annual Base Salary”), subject to 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
Annual Base Salary. During the Employment Period, Executive shall receive a an annual base salary at the rate of $900,000 per annum (the “Annual Base Salary”)) of no less than $440,000, subject to withholdings and deductions and which shall be paid to Executive payable in accordance with the customary Company’s regular payroll practices and procedures of the Companypractices. Such The Annual Base Salary shall be reviewed at least annually by the Company not less often than annuallyCEO for possible increase, and as determined in the discretion of the CEO. The term “Annual Base Salary” as used in this Agreement shall refer to the Annual Base Salary as it may be so adjusted from time to time.
Appears in 1 contract
Samples: Employment Agreement (Westrock Coffee Holdings, LLC)
Annual Base Salary. During the Term, the Executive shall receive a base salary at the an initial rate of $900,000 875,000 per annum 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 (other than any decrease that would not constitute Good Reason), in the Board’s discretion (the “Annual Base Salary”), subject to 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
Annual Base Salary. For all of the services rendered by the Executive to the Company during the Employment Period, the Company shall receive a pay the Executive an annual base salary at the rate of $900,000 per annum (the “Annual Base Salary”), subject ) equal to withholdings and deductions and which shall be paid to Executive in accordance with the customary payroll practices and procedures of the Company$250,000.00. Such The Annual Base Salary shall be reviewed by payable in accordance with the practice of the Company not less often than annually, and may be adjusted in effect from time to timetime for the payment of salaries to employees of the Company and shall be subject to applicable withholdings and deductions.
Appears in 1 contract
Samples: Employment Agreement (Hall of Fame Resort & Entertainment Co)
Annual Base Salary. During the Term, the Executive shall receive a base salary at the a rate of five hundred fifty seven thousand three hundred ninety six dollars ($900,000 557,396) per annum (the “Annual Base Salary”)annum, subject to withholdings and deductions and which shall be paid to Executive in accordance with the customary payroll practices and procedures of the Company. Such Company (the ”Annual Base Salary shall be reviewed by the Company not less often than annually, and may be adjusted from time to timeSalary”).
Appears in 1 contract
Samples: Employment Agreement (MAGNACHIP SEMICONDUCTOR Corp)
Annual Base Salary. During the Employment Term, the Executive shall be entitled to receive a an annual base salary at the rate of $900,000 per annum (the “"Annual Base Salary”), subject to withholdings and deductions and which shall be paid to Executive in accordance with the customary payroll practices and procedures ") of the Company. Such no less than $375,000 Annual Base Salary shall be reviewed by the Company not payable in installments no less often frequently than annuallymonthly, and may shall be adjusted from time to timein accordance with the Company's normal payroll practices.
Appears in 1 contract
Annual Base Salary. The Executive shall receive be paid a base salary (“Annual Base Salary”) at the rate of $900,000 260,000 per annum (the “annum. The Executive’s Annual Base Salary”), subject to withholdings and deductions and which shall Salary will be paid to Executive in accordance with the customary Company’s regular payroll practices and procedures applicable to its executive officers, as established from time to time. The rate of the Company. Such Annual Base Salary shall be reviewed by the Company not less often than annually, at least annually and may be adjusted from time to timeincreased but not decreased.
Appears in 1 contract
Annual Base Salary. During the Employment Period, the Executive shall receive a base salary at an Annual Base Salary which (i) is currently in the rate amount of $900,000 per annum 275,000 and (ii) may be increased from time to time during the “Annual Base Salary”), subject to withholdings and deductions and which shall be paid to Executive Employment Period hereof in accordance with the customary payroll Company’s 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 timeregarding employee salaries.
Appears in 1 contract
Samples: Employment Agreement (United Defense Industries Inc)
Annual Base Salary. During the Term, the Executive shall receive a base salary at the a rate of $900,000 £130,855 per annum annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review and adjustment by the Board in its reasonable discretion (the “Annual Base Salary”), subject to 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
Annual Base Salary. Executive shall receive a be paid an annual base salary at the rate of Seven Hundred Thousand Dollars ($900,000 per annum 700,000.00) (as such may be amended from time to time, the “Annual Base Salary”), . The annual base salary is subject to withholdings review each calendar year and deductions and which shall be paid to Executive possible increase in accordance with the customary payroll practices and procedures sole discretion of the CompanyCompensation Committee. Such The Annual Base Salary shall be reviewed by payable at such regular times and intervals as the Company not less often than annually, and may be adjusted customarily pays its senior executives from time to time.
Appears in 1 contract
Annual Base Salary. The Executive shall receive a an annual base salary at the rate of $900,000 per annum (as in effect from time to time, the “Annual Base Salary”)) of $543,828, subject to 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 payable in regular installments in accordance with the Company’s general payroll practices. The Annual Base Salary will be subject to periodical review in accordance with Company not less often than annuallypolicy, and may the Executive’s Base Salary shall be adjusted from time increased annually by no less than a percentage equal to timethe percentage increase, if any, in the Consumer Price Index in the prior twelve month period.
Appears in 1 contract
Annual Base Salary. During the Term, the Executive shall receive a base salary at the a rate of $900,000 $ 800,000 per annum (the “Annual Base Salary”), subject to withholdings and deductions and which shall be paid to Executive in accordance with the customary payroll practices and procedures of the Company. Such The Annual Base Salary shall be reviewed by the Company not less often than annually, (and may be adjusted from time to timeupward) at least annually by the Board.
Appears in 1 contract
Samples: Employment Agreement (Allison Transmission Holdings Inc)
Annual Base Salary. During the Term, the Executive shall receive a base salary at the a rate of $900,000 per annum £168,047per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review and adjustment by the Board in its reasonable discretion (the “Annual Base Salary”), subject to 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
Annual Base Salary. During the Term, the Executive shall receive a base salary at the rate of $900,000 per annum (the “Annual Base Salary”)) at a rate of $750,000 per annum, subject to 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 , subject to adjustment as determined by the Company not less often than annually, and may Compensation Committee of the Board (the “Compensation Committee”); provided that any decrease in such amount can only be adjusted from time to timeproportionately made in connection with Company-wide reductions in the salary rates for senior executives as determined by the Board.
Appears in 1 contract
Annual Base Salary. During the Term, the Executive shall receive a base salary at the a rate of $900,000 per annum annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review by the Board in its sole discretion (the “Annual Base Salary”), subject to 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
Annual Base Salary. Executive shall receive a be paid an annual base salary at the rate of one million dollars ($900,000 per annum 1,000,000.00) (as such may be amended from time to time, the “Annual Base Salary”), . The annual base salary is subject to withholdings review each calendar year and deductions and which shall be paid to Executive possible increase in accordance with the customary payroll practices and procedures sole discretion of the CompanyCompensation Committee. Such The Annual Base Salary shall be reviewed by payable at such regular times and intervals as the Company not less often than annually, and may be adjusted customarily pays its senior executives from time to time.
Appears in 1 contract
Annual Base Salary. Executive shall receive a Executive’s base salary at the rate of shall be $900,000 360,000.00 per annum year (the “Annual Base Salary”)) beginning on the Commencement Date, subject which amount may be periodically reviewed at the discretion of the Compensation Committee. The Annual Base Salary and any payments to withholdings and deductions and which the Executive during any Continuation Period shall be paid to Executive payable in accordance with the customary Company’s standard payroll practices and procedures of the Company. Such Annual Base Salary policies (unless otherwise expressly provided herein) and shall be reviewed subject to such withholdings as required by the Company not less often than annually, and may be adjusted from time to timelaw or as otherwise permissible under such practices or policies.
Appears in 1 contract
Annual Base Salary. At the commencement of the Term, the Executive shall receive a base salary at the a rate of $900,000 400,000 per annum (the “Annual Base Salary”), subject to withholdings and deductions and which shall be paid to Executive in accordance with the customary Company’s general payroll practices for executives, but no less frequently than monthly. The Company may, in its sole discretion, review and procedures adjust the rate of the Company. Such Annual Base Salary shall be reviewed by payable to the Company not less often than annually, and may be adjusted Executive in effect from time to time; provided, however, that any such modified rate shall thereafter be the rate of “Annual Base Salary” hereunder.
Appears in 1 contract
Annual Base Salary. During the Term of Employment, Executive shall receive a base salary at the rate of $900,000 500,000 per annum (as may be increased from time to time, the “Annual Base Salary”), subject to withholdings and deductions 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 Company Board, not less often than annually, and may be adjusted from time to time.
Appears in 1 contract
Annual Base Salary. Executive shall receive a be paid an annual base salary at the rate of one million dollars ($900,000 per annum 1,000,000) (as such may be amended from time to time, the “Annual Base Salary”), . The annual base salary is subject to withholdings review each calendar year and deductions and which shall be paid to Executive possible increase in accordance with the customary payroll practices and procedures sole discretion of the CompanyCompensation Committee. Such The Annual Base Salary shall be reviewed by payable at such regular times and intervals as the Company not less often than annually, and may be adjusted customarily pays its senior executives from time to time.
Appears in 1 contract
Annual Base Salary. During the Term, the Executive shall receive a base salary at the a rate of Four Hundred Fifty Thousand Dollars ($900,000 per annum 450,000.00) (the “Annual Base Salary”), subject to withholdings and deductions and which shall be paid to Executive in accordance with the customary payroll practices and procedures of the Companyannualized. Such The Annual Base Salary shall be reviewed by paid in arrears in substantially equal installments at monthly or more frequent intervals, in accordance with the Company not less often than annually, and may be adjusted from time to timenormal payroll practices of the Company.
Appears in 1 contract
Samples: Executive Employment Agreement (Beasley Broadcast Group Inc)
Annual Base Salary. During the Employment Period, the Executive shall receive a base salary at the an annual rate of not less than $900,000 per annum 560,000 (base salary as determined from time to time, the “Annual Base Salary”), subject to withholdings and deductions and which shall be paid to Executive payable in accordance with the customary regular payroll practices and procedures of the Company. Such Annual Base Salary shall not be reviewed by the Company not less often than annually, and may be adjusted from reduced at any time to time(including after any increase).
Appears in 1 contract
Annual Base Salary. During the Term, the Executive shall receive a base salary at the a rate of $900,000 120,000 per annum annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to increase as determined by the Board, in its sole discretion (the “Annual Base Salary”), subject to 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
Annual Base Salary. The Executive shall receive a an annual base salary at the rate of $900,000 per annum (as in effect from time to time, the “Annual Base Salary”)) of $279,926, subject to 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 payable in regular installments in accordance with the Company’s general payroll practices. The Annual Base Salary will be subject to periodical review in accordance with Company not less often than annuallypolicy, and may the Executive’s Base Salary shall be adjusted from time increased annually by no less than a percentage equal to timethe percentage increase, if any, in the Consumer Price Index in the prior twelve month period.
Appears in 1 contract
Annual Base Salary. For the period beginning on the Effective Date and ending on the End Date, the Executive shall receive a base salary at the rate of $900,000 per annum (the “Annual Base Salary”), subject to withholdings and deductions and which ) at a rate of $775,000 per annum. The Annual Base Salary shall be paid to Executive payable 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
Annual Base Salary. The Executive shall receive an aggregate base ------------------ ("Annual Base Salary") at a base salary at the rate of $900,000 117,000 per annum (during the “Annual Base Salary”)Initial Term, subject and thereafter at a rate to withholdings be negotiated between the Executive and deductions and which shall be paid to the Chief Executive in accordance with the customary payroll practices and procedures of the CompanyOfficer. Such The Annual Base Salary shall be reviewed payable in accordance with the Company's normal payment practices but in no event shall such salary be payable less frequently than monthly in equal installments, subject to tax and other withholding as required by the Company not less often than annually, and may be adjusted from time to timeapplicable law.
Appears in 1 contract
Annual Base Salary. During the Term, the Executive shall receive a base salary at the a rate of $900,000 1,500,000 per annum annum, which shall be paid in accordance with the customary payroll practices of the Company (as increased from time to time, the “Annual Base Salary”), subject to withholdings and deductions and which shall be paid to Executive in accordance with the customary payroll practices and procedures . The rate of the Company. Such Annual Base Salary shall be reviewed annually by the Company not less often than annually, Compensation Committee and may be adjusted from time to timeincreased, but not decreased, upon such review.
Appears in 1 contract
Annual Base Salary. During the Term, the Executive shall receive a base salary at the rate of $900,000 per annum (the “Annual Base Salary”)) at a rate of $1,128,125 per annum, subject to withholdings and deductions and which amount shall be paid to Executive increased by 5% per annum on a cumulative basis on each anniversary of the Effective Date. The Annual Base Salary shall be payable 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
Annual Base Salary. During the Term, the Executive shall receive a base salary at the a rate of $900,000 800,000 per annum through December 31, 2016 and increasing to $1,000,000 on January 1, 2017 (as applicable, the “Annual Base Salary”), subject to 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 Company and shall be reviewed by the Company not less often than annually, and may be adjusted from time to timepro-rated for partial years of employment.
Appears in 1 contract
Samples: Employment Agreement (Allison Transmission Holdings Inc)
Annual Base Salary. Executive shall receive a During the Term, the Executive’s annual base salary salary, payable in pro-rata installments not less often than monthly, will be at the annual rate of not less than $900,000 per annum 1,200,000 (the “Annual Base Salary”), subject to withholdings and deductions and which shall be paid to Executive in accordance with the customary payroll practices and procedures of the Company. Such If Annual Base Salary shall is increased during the Term, then such adjusted salary will thereafter be reviewed by the Company not less often than annually, and may be adjusted from time to timeAnnual Base Salary for all purposes under this Agreement.
Appears in 1 contract
Annual Base Salary. During the Employment Period, the Company shall pay the Executive shall receive a base salary at the rate of $900,000 per annum (the “Annual Base Salary”), subject to withholdings and deductions and at the annual rate of $450,000, which shall be paid to Executive in installments in accordance with the customary Company’s normal payroll practices and procedures of the Companypractices. Such Annual The Executive’s Base Salary shall be reviewed annually by the Company not less often than annually, Board pursuant to the normal performance review policies for senior-level executives and may be adjusted from time to timetime as the Board deems appropriate.
Appears in 1 contract
Annual Base Salary. During the Employment Period, the Executive shall receive a an annual base salary at the rate of $900,000 per annum (the “Annual Base Salary”), subject to withholdings and deductions and which shall be paid to Executive in accordance with the customary payroll practices and procedures ) of the Companyat least $950,000.00. Such Annual Base Salary shall not be reviewed by the Company not less often than annuallyreduced at any time (including after any such increase), and may be adjusted from time the term Annual Base Salary as utilized in this Agreement shall refer to timeAnnual Base Salary as so increased.
Appears in 1 contract
Annual Base Salary. Executive shall receive a The annual base salary at the rate of $900,000 per annum (the “Annual Base Salary”), subject ) payable to withholdings and deductions and which the Executive for his services hereunder shall be paid to Executive $765,000, payable in equal semi-monthly instalments in arrears in accordance with the customary payroll usual compensation practices and procedures of the CompanyCorporation from time to time. Such The Annual Base Salary shall be reviewed subject to a periodic increase adjustment if as and when determined by the Company not less often than annually, and may be adjusted Board from time to timetime at its discretion.
Appears in 1 contract
Samples: Executive Employment Agreement (AbitibiBowater Inc.)
Annual Base Salary. During the Term, Company shall pay to the Executive shall receive a base salary at the a rate of that is no less than $900,000 375,000 per annum (the “"Annual Base Salary”"), subject to withholdings and deductions and which shall be paid to Executive payable in accordance with the customary Company's normal payroll practices and procedures practices. The rate of the Company. Such Annual Base Salary shall be reviewed by the Company not less often than annually, Compensation Committee on or prior to each anniversary of the Employment Date during the Term and may be adjusted from time to timeincreased, but not decreased, upon such review.
Appears in 1 contract
Annual Base Salary. During the Employment Term, the Executive shall be entitled to receive a an annual base salary at the rate of $900,000 per annum (the “"Annual Base Salary”), subject to withholdings and deductions and which shall be paid to Executive in accordance with the customary payroll practices and procedures ") of the Companyno less than $450,000. Such The Annual Base Salary shall be reviewed by the Company not payable in installments no less often frequently than annuallymonthly, and may shall be adjusted from time to timein accordance with the Company's normal payroll practices.
Appears in 1 contract
Annual Base Salary. The Executive shall receive be paid a base salary (“Annual Base Salary”) at the rate of $900,000 285,000 per annum (the “annum. The Executive’s Annual Base Salary”), subject to withholdings and deductions and which shall Salary will be paid to Executive in accordance with the customary Company’s regular payroll practices and procedures applicable to its executive officers, as established from time to time. The rate of the Company. Such Annual Base Salary shall be reviewed by the Company not less often than annually, at least annually and may be adjusted from time to timeincreased but not decreased.
Appears in 1 contract
Annual Base Salary. During the term of employment, the Executive shall receive a an annual base salary at in the rate amount of $900,000 per annum 575,000 (the “Annual Base Salary”), subject ) to withholdings and deductions and which shall be paid to Executive in accordance with the Company’s 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 timepractices.
Appears in 1 contract
Annual Base Salary. The Executive shall receive be paid a base salary (“Annual Base Salary”) at the rate of $900,000 315,000 per annum (the “annum. The Executive’s Annual Base Salary”), subject to withholdings and deductions and which shall Salary will be paid to Executive in accordance with the customary Company’s regular payroll practices and procedures applicable to its executive officers, as established from time to time. The rate of the Company. Such Annual Base Salary shall be reviewed by the Company not less often than annually, at least annually and may be adjusted from time to timeincreased but not decreased.
Appears in 1 contract
Annual Base Salary. With respect to the Full-Time Employment Period, the Company shall pay to the Executive shall receive a base an annual salary at not less than the rate of $900,000 per annum (the “Annual Base Salary”), subject to withholdings and deductions and which shall be paid to Executive 350,000 in accordance with the customary Company's regular payroll practices and procedures of practices. The annual base salary will be reviewed periodically in accordance with guidelines applicable to 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's senior executives generally.
Appears in 1 contract
Samples: Employment Agreement (True North Communications Inc)
Annual Base Salary. During the Term, the Company shall pay to the Executive shall receive a in installments an annual base salary salary, not less often than monthly, at the an annual rate of not less than $900,000 per annum 325,000 (the “Annual Base Salary”), subject to withholdings and deductions and which shall be paid to Executive in accordance with the customary payroll practices and procedures of the Company. Such The Annual Base Salary shall be reviewed by the Company not less often than annuallyBoard or the Compensation Committee of the Board (the “Committee”) at least annually for increase, and may the Annual Base Salary as so adjusted shall be adjusted from time to timethe “Annual Base Salary” for all purposes of this Agreement.
Appears in 1 contract
Samples: Employment Agreement (Alico Inc)
Annual Base Salary. During the Term, Executive shall receive a base salary at the a rate of five hundred twenty five thousand dollars ($900,000 525,000) per annum (the “Annual Base Salary”), subject to 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 Board not less often than annually, and may be adjusted increased from time to time.
Appears in 1 contract
Samples: Employment Agreement (Conceptus Inc)
Annual Base Salary. The Executive shall receive a base salary ("Annual Base Salary") at the a rate of $900,000 137,500 per annum (the “Annual Base Salary”)annum, subject to withholdings and deductions and which shall be paid to Executive payable in accordance with the customary Company's 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 timepractice for senior executives.
Appears in 1 contract
Annual Base Salary. The Executive shall receive a an annual base salary at the rate of not less than $900,000 per annum 700,000 (the “Annual Base Salary”), subject to withholdings and deductions and which shall be paid to Executive annual base salary 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 effect from time to time., "Annual Base Salary"
Appears in 1 contract
Annual Base Salary. Executive shall receive a base salary at the rate of $900,000 108,000 per annum (the “Annual Base Salary”), subject to 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
Annual Base Salary. Effective immediately, and during the Employment Period, the Executive shall receive a an annual base salary at the rate of $900,000 per annum (the “Annual Base Salary”)) of at least $275,000, subject to withholdings and deductions and the competitiveness of which shall be paid to Executive periodically reviewed and adjusted in accordance with the customary payroll practices and procedures discretion 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
Annual Base Salary. During the Employment Term, the Executive shall receive be paid a base salary at the rate of $900,000 725,000 per annum (the “"Annual Base Salary”"), subject to withholdings and deductions and which shall be paid to Executive payable in equal installments in accordance with the Company's 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 for its senior executives in effect from time to time, but not less frequently than monthly.
Appears in 1 contract
Annual Base Salary. Effective immediately, and during the Employment Period, the Executive shall receive a an annual base salary at (as in effect from time to time, the rate of $900,000 per annum (the “"Annual Base Salary”)") of at least $600,000, subject to 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 payable in regular installments in accordance with the Company not less often than annually, Company's general payroll practices. The Annual Base Salary will be subject to periodical review and may be adjusted from time to timeincreased in accordance with Company policy. Once increased, the Annual Base Salary cannot be decreased.
Appears in 1 contract
Annual Base Salary. Executive shall receive a During the Contract Term, the Executive’s annual base salary at the rate of $900,000 per annum (the “Annual Base Salary”), subject to withholdings and deductions and which ) shall be paid not less than $900,000 unless otherwise agreed to Executive by the parties, payable by the Company in regular pro-rata installments in accordance with the customary Company’s general 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 in effect from time to time, but in no event less frequently than monthly. The amount of Annual Base Salary payable to the Executive shall not be decreased other than for Cause, as agreed to by Executive, or as required by law. 7.
Appears in 1 contract
Samples: Employment Agreement (Tanger Properties LTD Partnership /Nc/)
Annual Base Salary. During the Term, the Company shall pay to Executive shall receive a an annual base salary at the rate of no less than $900,000 950,000 per annum year (the “Annual Base Salary”), subject to withholdings and deductions and which shall be paid to Executive payable in accordance with the customary payroll Company’s usual pay practices (and procedures of the Companyin any event no less frequently than monthly). Such Annual The Base Salary shall be reviewed by the Company not less often than Compensation Committee annually, and may be adjusted from time to time.
Appears in 1 contract
Annual Base Salary. The Company shall pay to the Executive shall receive a an annual base salary at the rate of Eighty- Seven Thousand Dollars ($900,000 87,000.00) per annum year (the “Annual "Base Salary”"), subject payable to the Executive in equal semi-monthly installments, less appropriate withholdings and deductions and which shall be paid to Executive in accordance with the Company's customary payroll practices and procedures of practices, subject to the Company. Such Annual Base Salary shall be reviewed by the Company not less often than annually, and may be adjusted from time to timeadjustments listed below.
Appears in 1 contract
Samples: Employment Agreement (Perma Fix Environmental Services Inc)
Annual Base Salary. During the Term, the Company shall pay to the Executive shall receive a an annual base salary in installments, not less often than monthly, at the an annual rate of not less than $900,000 per annum 240,000 (the “Annual Base Salary”), subject to withholdings and deductions and which shall be paid to Executive in accordance with the customary payroll practices and procedures of the Company. Such The Annual Base Salary shall be reviewed by the Company not less often than annuallyBoard or the Compensation Committee of the Board (the “Committee”) at least annually for increase, and may the Annual Base Salary, as and to the extent so adjusted, shall be adjusted from time to timethe “Annual Base Salary” for all purposes of this Agreement.
Appears in 1 contract
Samples: Employment Agreement (Alico, Inc.)
Annual Base Salary. During the Term, the Executive shall receive a base salary at the a rate of that is no less than $900,000 550,000 per annum (the “Annual Base Salary”), subject to withholdings and deductions and which shall be paid to Executive payable in accordance with the customary Company’s normal payroll practices and procedures practices. The rate of the Company. Such Annual Base Salary shall be reviewed by the Company not less often than annually, Compensation Committee on or prior to each anniversary of the Effective Date during the Term and may be adjusted from time to timeincreased, but not decreased, upon such review.
Appears in 1 contract
Annual Base Salary. The Executive shall receive be paid a base salary (“Annual Base Salary”) at the rate of $900,000 700,000 per annum (the “annum. The Executive’s Annual Base Salary”), subject to withholdings and deductions and which shall Salary will be paid to Executive in accordance with the customary Company’s regular payroll practices and procedures applicable to its executive officers, as established from time to time. The rate of the Company. Such Annual Base Salary shall be reviewed by the Company not less often than annually, at least annually and may be adjusted from time to timeincreased but not decreased.
Appears in 1 contract
Annual Base Salary. During the Term, the Executive shall receive a base salary at the rate of $900,000 per annum (the “Annual Base Salary”)) at a rate that is no less than $1,040,000 per annum in calendar year 2014, subject to withholdings and deductions and which shall be paid to Executive payable in accordance with the customary Company’s normal payroll practices and procedures practices. The rate of the Company. Such Annual Base Salary shall be reviewed by the Company not less often than annually, Compensation Committee on or prior to each anniversary of the Effective Date during the Term and may be adjusted from time to timeincreased, but not decreased, upon such review.
Appears in 1 contract
Annual Base Salary. Effective immediately, and during the Employment Period, the Executive shall receive a an annual base salary at the rate of $900,000 per annum (as in effect from time to time, the “Annual Base Salary”)) of at least $600,000, subject to 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 payable in regular installments in accordance with the Company not less often than annually, Company’s general payroll practices. The Annual Base Salary will be subject to periodical review and may be adjusted from time to timeincreased in accordance with Company policy. Once increased, the Annual Base Salary cannot be decreased.
Appears in 1 contract
Annual Base Salary. During the Term, the Executive shall receive a base salary at the a rate of $900,000 106,000 per annum (the “"Annual Base Salary”"), subject to withholdings and deductions and which shall be paid to Executive payable in accordance with the customary Company's standard payroll practices and procedures procedures. The rate of the Company. Such Annual Base Salary shall be reviewed subject to increase as determined by the Company not less often than annually, and may be adjusted from time to timeBoard in its discretion.
Appears in 1 contract
Samples: Employment Agreement (Symons Corp)
Annual Base Salary. During the Term, the Executive shall receive a base salary at the a rate of $900,000 per annum annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to increase as determined by the Compensation Committee (the “Annual Base Salary”), subject to 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
Annual Base Salary. During the Term, the Executive shall receive a base salary at a rate as of the rate Effective Date of $900,000 1,500,000 per annum annum, and which shall be paid in accordance with the customary payroll practices of the Company (as increased from time to time, the “Annual Base Salary”), subject to withholdings and deductions and which shall be paid to Executive in accordance with the customary payroll practices and procedures . The rate of the Company. Such Annual Base Salary shall be reviewed annually by the Company not less often than annually, Compensation Committee and may be adjusted from time to timeincreased, but not decreased, upon such review.
Appears in 1 contract
Annual Base Salary. Executive shall receive a The annual base salary at the rate of $900,000 per annum (the “Annual Base Salary”), subject ) payable to withholdings and deductions and which the Executive for his services hereunder shall be paid to Executive $900,000, payable in equal semi-monthly instalments in arrears in accordance with the customary payroll usual compensation practices and procedures of the CompanyCorporation from time to time. Such The Annual Base Salary shall be reviewed subject to a periodic increase adjustment if as and when determined by the Company not less often than annually, and may be adjusted Board from time to timetime at its discretion.
Appears in 1 contract
Samples: Executive Employment Agreement (Resolute Forest Products Inc.)
Annual Base Salary. During the Term while Executive is employed by the Company, Executive shall receive a base salary at the a rate of Eight Hundred Seventy Five Thousand Dollars ($900,000 875,000) per annum annum, effective as of January 1, 2021, which shall be paid in accordance with the customary payroll practices of the Company (such annual base salary, the “Annual Base Salary”), subject to 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
Annual Base Salary. During the Term, the Executive shall receive a base salary at the rate of $900,000 per annum (the “Annual Base Salary”)) at a rate of $535,000 per annum, subject to 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 , subject to adjustment as determined by the Company not less often than annuallyCompensation Committee of the Board (the “Compensation Committee”) in its sole discretion, and may be adjusted from time to timeincluding, without limitation, in connection with the results of the 360 Review.
Appears in 1 contract
Annual Base Salary. The Executive shall receive a base salary ("Annual Base Salary") at the a rate of $900,000 138,900 per annum (the “Annual Base Salary”)annum, subject to withholdings and deductions and which shall be paid to Executive payable in accordance with the customary Company's 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 timepractice for senior executives.
Appears in 1 contract
Annual Base Salary. At the commencement of the Term, the Executive shall receive a base salary at the a rate of $900,000 300,000 per annum (the “Annual Base Salary”), subject to withholdings and deductions and which shall be paid to Executive in accordance with the customary Company’s general payroll practices for executives, but no less frequently than monthly. The Company may, in its sole discretion, review and procedures adjust the rate of the Company. Such Annual Base Salary shall be reviewed by payable to the Company not less often than annually, and may be adjusted Executive in effect from time to time; provided, however, that any such modified rate shall thereafter be the rate of “Annual Base Salary” hereunder.
Appears in 1 contract
Annual Base Salary. During the Employment Period, the Executive shall receive a an annual base salary at the rate of $900,000 per annum (the “Annual Base Salary”), subject to withholdings and deductions and which shall be paid to Executive in accordance with the customary payroll practices and procedures ) of the Companyat least $550,000.00. Such Annual Base Salary shall not be reviewed by the Company not less often than annuallyreduced at any time (including after any such increase), and may be adjusted from time the term Annual Base Salary as utilized in this Agreement shall refer to timeAnnual Base Salary as so increased.
Appears in 1 contract
Annual Base Salary. During the Term, the Executive shall receive a base salary at the a rate of $900,000 650,000 per annum through December 31, 2016, and increasing to $700,000 on January 1, 2017 (as applicable, the “Annual Base Salary”), subject to withholdings and deductions and which shall be paid to Executive in accordance with the customary payroll practices and procedures of the Company. Such The Annual Base Salary shall be reviewed by the Company not less often than annually, (and may be adjusted from time to timeupward) at least annually by the Board.
Appears in 1 contract
Samples: Employment Agreement (Allison Transmission Holdings Inc)
Annual Base Salary. During the Term, the Company shall pay to Executive shall receive a an annual base salary at the rate of no less than $900,000 per annum year (the “Annual Base Salary”), subject to withholdings and deductions and which shall be paid to Executive payable in accordance with the customary payroll Company’s usual pay practices (and procedures of the Companyin any event no less frequently than monthly). Such Annual The Base Salary shall be reviewed by the Company not less often than Compensation Committee annually, and may be adjusted from time to time.
Appears in 1 contract
Annual Base Salary. During the Employment Term, the Executive shall be entitled to receive a an annual base salary at the rate of $900,000 per annum (the “"Annual Base Salary”), subject to withholdings and deductions and which shall be paid to Executive in accordance with the customary payroll practices and procedures ") of the Company. Such no less than $412,500 Annual Base Salary shall be reviewed by the Company not payable in installments no less often frequently than annuallymonthly, and may shall be adjusted from time to timein accordance with the Company's normal payroll practices.
Appears in 1 contract
Annual Base Salary. During the Term (commencing as of the first pay period following the Effective Date), the Executive shall receive a base salary at the a rate of $900,000 247,680 per annum annum, payable in accordance with the Company’s normal payroll practices, which shall be reviewed by the Compensation Committee annually and may be increased, but not decreased, upon such review (the “Annual Base Salary”), subject to 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
Annual Base Salary. Executive shall receive a be paid an annual base salary at the rate of seven-hundred thousand dollars ($900,000 per annum 700,000.00) (as such may be amended from time to time, the “Annual Base Salary”), . The annual base salary is subject to withholdings review each calendar year and deductions and which shall be paid to Executive possible increase in accordance with the customary payroll practices and procedures sole discretion of the CompanyCompensation Committee. Such The Annual Base Salary shall be reviewed by payable at such regular times and intervals as the Company not less often than annually, and may be adjusted customarily pays its senior executives from time to time.
Appears in 1 contract