Common use of Annual Base Salary Clause in Contracts

Annual Base Salary. During the Employment Period, the Executive shall receive an annual base salary (“Annual Base Salary”) of at least $450,000.00. Annual Base Salary shall not be reduced at any time (including after any such increase), and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 2 contracts

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

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Annual Base Salary. During the Employment PeriodTerm of Employment, the Executive shall receive an annual a base salary at the rate of $400,000 per annum (as may be increased from time to time, the “Annual Base Salary”) ), subject to withholdings and deductions, which shall be paid to Executive in accordance with the customary payroll practices and procedures of at least $450,000.00the Company. Such Annual Base Salary shall be reviewed by the CEO and, as applicable, the Board of Directors of the Company (the “Board”) and/or the Compensation Committee of the Board, not be reduced at any time (including after any such increase), and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increasedless than annually.

Appears in 2 contracts

Samples: Employment Agreement (Unity Biotechnology, Inc.), Employment Agreement (Unity Biotechnology, Inc.)

Annual Base Salary. During the Employment PeriodTerm of Employment, the Executive shall receive an annual a base salary at the rate of $[ ] per annum (as may be increased from time to time, the “Annual Base Salary”) ), subject to withholdings and deductions, which shall be paid to Executive in accordance with the customary payroll practices and procedures of at least $450,000.00the Company. Such Annual Base Salary shall be reviewed by the CEO, and, as applicable, the Board and/or the Compensation Committee of the Board, not be reduced at any time (including after any such increase), and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increasedless than annually.

Appears in 2 contracts

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

Annual Base Salary. During the Employment Period, the Executive shall receive an annual base salary in the amount of $325,000.00 less applicable deductions under federal, state and local laws (the “Annual Base Salary”) ), paid in accordance with the customary payroll practices of the Company. The Board, in its discretion, may at least $450,000.00. any time change the amount of the Annual Base Salary shall not be reduced at any time (including after any to such increase)greater amount as it may deem appropriate, and the term “Annual Base Salary,” as used in this Agreement, shall refer to the Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as it may so increasedbe changed.

Appears in 2 contracts

Samples: Employment Agreement (First Watch Restaurant Group, Inc.), Employment Agreement (First Watch Restaurant Group, Inc.)

Annual Base Salary. During Effective immediately, and during the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") of at least $450,000.00400,000, the competitiveness of which shall be periodically reviewed and adjusted in accordance with Company policy. 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 reduced at any time (including after any such increase), increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 2 contracts

Samples: Employment Agreement (Michael Foods Inc/New), Employment Agreement (Michael Foods Inc/New)

Annual Base Salary. During the Employment PeriodTerm of Employment, the Executive shall receive an annual a base salary at the rate of $[______] per annum (as may be increased from time to time, the “Annual Base Salary”) ), subject to withholdings and deductions, which shall be paid to Executive in accordance with the customary payroll practices and procedures of at least $450,000.00the Company. Such Annual Base Salary shall not be reduced at any time (including after any such increase)reviewed by the Board, and and/or the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increasedCompensation Committee of the Board, not less than annually.

Appears in 2 contracts

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

Annual Base Salary. During the Employment Period, the Executive shall receive an annual base salary (the “Annual Base Salary”) of at least no less than $450,000.00305,000, less applicable withholding and payroll deductions, payable in accordance with the Company’s regular payroll practices. The Annual Base Salary shall will be reviewed at least annually by the Compensation and Management Development Committee of the Board (the “Compensation Committee”) for increase but not be reduced at decrease, provided that there is no guarantee that any time (including after any such annual review will result in an increase), and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 2 contracts

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

Annual Base Salary. During the Employment Period, the Executive shall receive an annual base salary (“Annual Base Salary”) of at least $450,000.00650,000, which shall be subject to annual review and increase. No increase in Annual Base Salary shall limit or reduce any other right of or obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced at any time (including after any such increase), ) without the Executive’s written consent and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 2 contracts

Samples: Employment Agreement (Morgans Hotel Group Co.), Employment Agreement (Morgans Hotel Group Co.)

Annual Base Salary. During the Employment Period, the Executive shall receive an annual base salary (the “Annual Base Salary”) of at least no less than $450,000.00300,000, less applicable withholding and payroll deductions, payable in accordance with the Company’s regular payroll practices. The Annual Base Salary shall will be reviewed at least annually by the Compensation and Management Development Committee of the Board (the “Compensation Committee”) for increase but not be reduced at decrease, provided that there is no guarantee that any time (including after any such annual review will result in an increase), and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 2 contracts

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

Annual Base Salary. During the Employment PeriodTerm of Employment, the Executive shall receive an annual a base salary at the rate of $375,000.00 per annum (as may be increased from time to time, the “Annual Base Salary”) ), subject to withholdings and deductions, which shall be paid to Executive in accordance with the customary payroll practices and procedures of at least $450,000.00the Company. Such Annual Base Salary shall be reviewed by the CEO, and, as applicable, the Board of Directors of the Company (the “Board”) and/or the Compensation Committee of the Board, not be reduced at any time (including after any such increase), and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increasedless than annually.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (Unity Biotechnology, Inc.)

Annual Base Salary. During the Employment Period, unless increased by the Board in its sole discretion, the Executive shall receive an annual base salary of FIVE HUNDRED THOUSAND DOLLARS ($500,000) (the “Annual Base Salary”) of at least $450,000.00. Annual Base Salary shall not be reduced at any time (including after any such increase), and payable in equal installments in accordance with the term Annual Base Salary as utilized in this Agreement shall refer Company’s normal payroll practice for its senior executives, subject to Annual Base Salary as so increasedthe Executive’s continued employment with the Company.

Appears in 2 contracts

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

Annual Base Salary. During Effective immediately, and during the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") of at least $450,000.00275,000, the competitiveness of which shall be periodically reviewed and adjusted in accordance with Company policy. 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 reduced at any time (including after any such increase), increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 2 contracts

Samples: Employment Agreement (Mg Waldbaum Co), Employment Agreement (Mg Waldbaum Co)

Annual Base Salary. During Effective immediately, and during the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") of at least $450,000.00595,000, the competitiveness of which shall be periodically reviewed and adjusted in accordance with Company policy. 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 reduced at any time (including after any such increase), increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 2 contracts

Samples: Employment Agreement (Mg Waldbaum Co), Employment Agreement (Mg Waldbaum Co)

Annual Base Salary. During the Employment PeriodTerm, the Executive shall receive an annual a base salary at a rate that is no less than $675,000 per annum (the “Annual Base Salary”) ), payable in accordance with the Company’s normal payroll practices. The rate of at least $450,000.00. the Annual Base Salary shall not be reduced reviewed by the Compensation Committee periodically, at any time (including after any such increase)least annually, and the term any increases in Annual Base Salary as utilized in this Agreement shall refer will be based upon performance and consideration of competitive market practice with any decrease occurring only if such a decrease also applies proportionately to Annual Base Salary as so increased.all Named Executive Officers of the Company

Appears in 2 contracts

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

Annual Base Salary. During the Employment Period, the Executive shall receive an annual base salary (“Annual Base Salary”) of at least $450,000.00750,000, which shall be subject to annual review and increase. No increase in Annual Base Salary shall limit or reduce any other right of or obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced at any time (including after any such increase), ) without the Executive’s written consent and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 2 contracts

Samples: Employment Agreement (Morgans Hotel Group Co.), Employment Agreement (Morgans Hotel Group Co.)

Annual Base Salary. During the Employment Period, the The Executive shall receive an annual a base salary at a rate of $300,000 per annum, which shall be paid in accordance with the customary compensation practices or policies of the Company (the “Annual Base Salary”) of at least $450,000.00). Annual Base Salary may be increased, but not decreased, from time to time by the Board. Paydays are expected to be every other Friday (normally 26 pay days a year). Executive’s paycheck shall not be reduced at any time (including after any delivered to Executive or made available to Executive on such increase)dates. If a payday falls on a holiday or weekend, and Executive may pick up his paycheck on the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increasedweekday immediately preceding the payday.

Appears in 2 contracts

Samples: Employment Agreement (Hawaiian Telcom Holdco, Inc.), Employment Agreement (Hawaiian Telcom Holdco, Inc.)

Annual Base Salary. During the Employment Period, unless increased by the Board in its sole discretion, the Executive shall receive an annual base salary of ONE MILLION TWO HUNDRED FIFTY THOUSAND DOLLARS ($1,250,000) (the “Annual Base Salary”) of at least $450,000.00. Annual Base Salary shall not be reduced at any time (including after any such increase), and payable in equal installments in accordance with the term Annual Base Salary as utilized in this Agreement shall refer Company’s normal payroll practice for its senior executives, subject to Annual Base Salary as so increasedthe Executive’s continued employment with the Company.

Appears in 2 contracts

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

Annual Base Salary. During With respect to the Full-Time Employment Period, the Company shall pay to the Executive shall receive an annual salary not less than the rate of $600,000, as adjusted herewith, in accordance with the Company's regular payroll practices. The annual base salary (“Annual Base Salary”) of at least $450,000.00. Annual Base Salary shall be reviewed periodically in accordance with guidelines applicable to the Company's senior executives generally, but such review will not be reduced at any time (including after any such increase), and less frequent than an interval of 24 months with a guaranteed minimum salary increase of 10% in the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased24-month interval.

Appears in 1 contract

Samples: Employment Agreement (True North Communications Inc)

Annual Base Salary. During the Employment PeriodTerm (commencing as of the first pay period following the date of this Agreement), the Executive shall receive an annual a base salary at a rate that is no less than $350,000 per annum payable in accordance with the Company’s normal payroll practices, which shall be reviewed by the Compensation Committee on or prior to each anniversary of the Effective Date during the Term and may be increased, but not decreased, upon such review (the “Annual Base Salary”) of at least $450,000.00. Annual Base Salary shall not be reduced at any time (including after any such increase), and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (TransDigm Group INC)

Annual Base Salary. During the Employment PeriodTerm (commencing as of the first pay period following the date of this Agreement), the Executive shall receive an annual a base salary at a rate that is no less than $365,000 per annum payable in accordance with the Company’s normal payroll practices, which shall be reviewed by the Compensation Committee on or prior to each anniversary of the Effective Date during the Term and may be increased, but not decreased, upon such review (the “Annual Base Salary”) of at least $450,000.00. Annual Base Salary shall not be reduced at any time (including after any such increase), and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (TransDigm Group INC)

Annual Base Salary. During Upon entering into this Agreement and until the Employment Periodend of the 2008 fiscal year, the Executive shall receive an annual base salary (“Annual Base Salary”) of at least $450,000.00. Annual Base Salary shall not be reduced at any time (including after any such increase)210,000.00, minus deductions required by law, and payable in accordance with the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increasedCompany's policy applicable at the time but not less frequently than monthly.

Appears in 1 contract

Samples: Employment Agreement (Toronto Dominion Bank)

Annual Base Salary. During the Employment Period, the Executive shall receive an annual base salary (the “Annual Base Salary”) of at least no less than $450,000.00300,000, payable in accordance with the Company’s regular payroll practices. The Annual Base Salary shall not be reduced reviewed at any time (including after any such least annually by the CEO for possible increase), and as determined in the discretion of the CEO. The term Annual Base Salary Salary” as utilized used in this Agreement shall refer to the Annual Base Salary as it may be so increasedadjusted from time to time.

Appears in 1 contract

Samples: Employment Agreement (Westrock Coffee Holdings, LLC)

Annual Base Salary. During the Employment Period, the Executive shall receive an annual base salary (“Annual Base Salary”) of at least $450,000.00215,000.00, payable in accordance with the Company’s normal payroll policies. The Executive’s Annual Base Salary shall not be reduced at prorated for 2011 and for any time (including after any such increase), and other partial year of employment during the term Employment Period based upon the portion of the year that the Executive is employed by the Company. The Executive’s Annual Base Salary as utilized shall be subject to review for increase in this Agreement shall refer to Annual Base Salary as so increasedthe sole discretion of the Board of Directors (or a committee thereof).

Appears in 1 contract

Samples: Employment Agreement (Doral Financial Corp)

Annual Base Salary. During the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") at the rate of at least $450,000.00781,396.88 per annum payable in accordance with the Company's normal payroll practices in effect from time to time. The then Annual Base Salary shall be increased by 5% (or such greater amount as the Board may determine) on December 30, 1998 and on each anniversary thereof during the Employment Period. Once increased, Annual Base Salary shall not be reduced at any time (including after any such increase), and the term decreased. The Annual Base Salary Salary, as utilized in this Agreement increased, shall refer be deemed to be the new Annual Base Salary as so increasedSalary.

Appears in 1 contract

Samples: Employment Agreement (Mounger Corp)

Annual Base Salary. During the Employment Period, unless increased by the Board in its sole discretion, the Executive shall receive an annual base salary of ONE MILLION AND 00/100 DOLLARS ($1,000,000.00) (the “Annual Base Salary”) of at least $450,000.00. Annual Base Salary shall not be reduced at any time (including after any such increase), and payable in equal installments in accordance with the term Annual Base Salary as utilized in this Agreement shall refer Company’s normal payroll practice for its senior executives, subject to Annual Base Salary as so increasedthe Executive’s continued employment with the Company.

Appears in 1 contract

Samples: Employment Agreement (Howard Hughes Corp)

Annual Base Salary. During the Employment PeriodTerm (commencing as of the first pay period following the date of this Agreement), the Executive shall receive an annual a base salary at a rate of $335,000 per annum until September 30, 2012 and at a rate that is no less than $348,500 per annum thereafter, in each case payable in accordance with the Company’s normal payroll practices, which shall be reviewed by the Compensation Committee on or prior to each anniversary of the Effective Date during the Term and may be increased, but not decreased, upon such review (the “Annual Base Salary”) of at least $450,000.00. Annual Base Salary shall not be reduced at any time (including after any such increase), and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (TransDigm Group INC)

Annual Base Salary. During the Employment Period, the Executive shall receive an annual base salary (the “Annual Base Salary”) of at least no less than $450,000.00975,000, less applicable withholding and payroll deductions, payable in accordance with the Company’s regular payroll practices. The Annual Base Salary shall will be reviewed by the Compensation Committee for increase but not be reduced at decrease, provided that there is no guarantee that any time (including after any such annual review will result in an increase), and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (Triumph Group Inc)

Annual Base Salary. During the Employment Period, the Executive shall receive an annual base salary (the “Annual Base Salary”) of at least no less than $450,000.00375,000, less applicable withholding and payroll deductions, payable in accordance with the Company’s regular payroll practices (beginning with the February 1, 2023 payroll cycle). The Annual Base Salary shall will be reviewed at least annually by the Company’s Compensation Committee of the Board (the “Compensation Committee”) for increase but not be reduced at decrease, provided that there is no guarantee that any time (including after any such annual review will result in an increase), and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Executive Employment Agreement (SelectQuote, Inc.)

Annual Base Salary. During the Employment Period, the Executive shall receive an annual base salary (“Annual Base Salary”) at a rate of at least $450,000.00400,000.00, payable in accordance with the Company’s normal payroll policies. The Executive’s Annual Base Salary shall not be reduced at prorated for 2010 and for any time (including after any such increase), and other partial year of employment during the term Employment Period based upon the portion of the year that the Executive is employed by the Company. The Executive’s Annual Base Salary as utilized shall be subject to review for increase in this Agreement shall refer to Annual Base Salary as so increasedthe sole discretion of the Board (or a committee thereof).

Appears in 1 contract

Samples: Employment Agreement (Doral Financial Corp)

Annual Base Salary. During the Employment PeriodTerm (commencing as of the first pay period following the date of this Agreement), the Executive shall receive an annual a base salary at a rate of $585,000 per 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”) of at least $450,000.00. Annual Base Salary shall not be reduced at any time (including after any such increase), and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (TransDigm Group INC)

Annual Base Salary. During the Employment PeriodTerm, the Executive shall receive an annual a base salary at a rate that is no less than $850,000 per annum (the “Annual Base Salary”) ), payable in accordance with the Company’s normal payroll practices. The rate of at least $450,000.00. the Annual Base Salary shall not be reduced at any time (including after any such increase)reviewed by the Compensation Committee periodically, and the term at least annually, beginning on November 1, 2020, and any increases in Annual Base Salary as utilized in this Agreement shall refer will be based upon performance and consideration of competitive market practice with any decrease occurring only if such a decrease also applies proportionately to Annual Base Salary as so increasedall Named Executive Officers of the Company.

Appears in 1 contract

Samples: Employment Agreement (Nordson Corp)

Annual Base Salary. During the Employment Period, the Executive shall receive an annual base salary in the amount of $275,000.00 less applicable deductions under federal, state and local laws (the “Annual Base Salary”) ), paid in accordance with the customary payroll practices of the Company. The Board, in its discretion, may at least $450,000.00. any time change the amount of the Annual Base Salary shall not be reduced at any time (including after any to such increase)greater amount as it may deem appropriate, and the term “Annual Base Salary,” as used in this Agreement, shall refer to the Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as it may so increasedbe changed.

Appears in 1 contract

Samples: Employment Agreement (First Watch Restaurant Group, Inc.)

Annual Base Salary. During the Employment Period, the Executive shall receive an annual base salary in the amount of $290,000.00 less applicable deductions under federal, state and local laws (the “Annual Base Salary”) ), paid in accordance with the customary payroll practices of the Company. The Board, in its discretion, may at least $450,000.00. any time change the amount of the Annual Base Salary shall not be reduced at any time (including after any to such increase)greater amount as it may deem appropriate, and the term “Annual Base Salary,” as used in this Agreement, shall refer to the Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as it may so increasedbe changed.

Appears in 1 contract

Samples: Employment Agreement (First Watch Restaurant Group, Inc.)

Annual Base Salary. During the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") at the rate of at least $450,000.001,389,150 per annum payable in accordance with the Company's normal payroll practices in effect from time to time. The then Annual Base Salary shall be increased by 5% (or such greater amount as the Board may determine) on December 30, 1998 and on each anniversary thereof during the Employment Period. Once increased, Annual Base Salary shall not be reduced at any time (including after any such increase), and the term decreased. The Annual Base Salary Salary, as utilized in this Agreement increased, shall refer be deemed to be the new Annual Base Salary as so increasedSalary.

Appears in 1 contract

Samples: Employment Agreement (Mounger Corp)

Annual Base Salary. During Commencing on the effective date hereof and during the Employment Period, the Executive shall receive an annual base salary (“Annual Base Salary”) Salary of at least $450,000.00300,000 to be paid in accordance with established Company payroll policy. The Annual Base Salary shall be reviewed in accordance with established Company policy for Executive Vice Presidents. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation which is or may be owed to the Executive under this Agreement. Annual Base Salary shall not be reduced at any time (including after any such increase), and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increasedincrease thereof.

Appears in 1 contract

Samples: Employment Agreement (Comerica Inc /New/)

Annual Base Salary. During the Employment PeriodTerm (commencing as of the first pay period following the date of this Agreement), the Executive shall receive an annual a base salary at a rate that is no less than $335,000 per annum payable in accordance with the Company’s normal payroll practices, which shall be reviewed by the Compensation Committee on or prior to each anniversary of the Effective Date during the Term and may be increased, but not decreased, upon such review (the “Annual Base Salary”) of at least $450,000.00. Annual Base Salary shall not be reduced at any time (including after any such increase), and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (TransDigm Group INC)

Annual Base Salary. During Effective with the Employment Periodpay period beginning April 16, 2005, the Executive shall receive an annual base salary at a rate of One Hundred Thousand Dollars (“Annual Base Salary”) of $100,000), payable in installments consistent with the Company's normal payroll schedule. The Chief Executive Officer shall review this base salary at least $450,000.00. Annual Base Salary annual intervals, and may adjust the Executive's annual base salary from time to, provided, however, that the salary for the twelve month period beginning June 16, 2006 and for each succeeding twelve month period shall not be reduced at any time (including after any such increase), and less than 105% of the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increasedsalary for the prior twelve month period.

Appears in 1 contract

Samples: Executive Employment Agreement (Villageedocs Inc)

Annual Base Salary. During the Employment PeriodTerm (commencing as of the first pay period following the date of this Agreement), the Executive shall receive an annual a base salary at a rate that is no less than $395,000 per annum payable in accordance with the Company’s normal payroll practices, which shall be reviewed by the Compensation Committee on or prior to each anniversary of the Effective Date during the Term and may be increased, but not decreased, upon such review (the “Annual Base Salary”) of at least $450,000.00. Annual Base Salary shall not be reduced at any time (including after any such increase), and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (TransDigm Group INC)

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Annual Base Salary. The Executive will initially receive an annual base salary ("Annual Base Salary") of three hundred and eighty thousand dollars ($380,000.00), which shall be paid in equal or substantially equal semi-monthly installments. During the Employment Period, the Executive shall receive an annual base salary (“Annual Base Salary”) of at least $450,000.00. Annual Base Salary payable to the Executive shall be reviewed by the Board and/or the Compensation and Organization Committee at least once annually and shall be increased at the discretion of the Board or the Compensation and Organization Committee of the Board but shall not be reduced at any time (including after any such increase), and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increasedreduced.

Appears in 1 contract

Samples: Employment Agreement (Angelica Corp /New/)

Annual Base Salary. During the Employment Period, unless increased by the Board in its sole discretion, the Executive shall receive an annual base salary of SEVEN HUNDRED FIFTY THOUSAND AND 00/100 DOLLARS ($750,000.00) (the “Annual Base Salary”) of at least $450,000.00. Annual Base Salary shall not be reduced at any time (including after any such increase), and payable in equal installments in accordance with the term Annual Base Salary as utilized in this Agreement shall refer Company’s normal payroll practice for its senior executives, subject to Annual Base Salary as so increasedthe Executive’s continued employment with the Company.

Appears in 1 contract

Samples: Employment Agreement (Howard Hughes Corp)

Annual Base Salary. During the Employment Period, the Executive shall receive an annual base salary (the “Annual Base Salary”) of at least no less than $450,000.00209,430, less applicable withholding and payroll deductions, payable in accordance with the Company’s regular payroll practices. The Annual Base Salary shall will be reviewed at least annually by the Compensation and Management Development Committee of the Board (the “Compensation Committee”) for increase but not be reduced at decrease, provided that there is no guarantee that any time (including after any such annual review will result in an increase), and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (SelectQuote, Inc.)

Annual Base Salary. During the Employment PeriodTerm, the Company shall pay to Executive shall receive an annual base salary of One Hundred Sixty Thousand and No/100 Dollars ($160,000.00) (the Annual Base Salary”) of at least $450,000.00). Annual The Company may increase the Base Salary paid to the Executive in an amount to be determined by the Compensation Committee or Board. The Base Salary shall not be reduced at payable in accordance with Company’s normal payroll practices, but in no event less frequently than monthly and prorated for any time (including after any such increase), and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increasedpartial month worked.

Appears in 1 contract

Samples: Executive Employment Agreement (Solitron Devices Inc)

Annual Base Salary. During the Employment PeriodTerm (commencing as of the first pay period following the date of this Agreement), the Executive shall receive an annual a base salary at a rate of $460,000 per 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”) of at least $450,000.00. Annual Base Salary shall not be reduced at any time (including after any such increase), and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (TransDigm Group INC)

Annual Base Salary. During the Employment PeriodTerm, the Company shall pay to the Executive shall receive in installments an annual base salary salary, not less often than monthly, at an annual rate of not less than $275,000 (“Annual Base Salary”) of at least $450,000.00). The Annual Base Salary shall not be reduced reviewed by the Board or the Compensation Committee of the Board (the “Committee”) at any time (including after any such least annually for increase), and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increasedadjusted shall be the “Annual Base Salary” for all purposes of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Alico, Inc.)

Annual Base Salary. During the Employment PeriodTerm (commencing as of the first month following the date of this Agreement), the Executive shall receive an annual a base salary at a rate of $1,000,000 per 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”) of at least $450,000.00. Annual Base Salary shall not be reduced at any time (including after any such increase), and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (TransDigm Group INC)

Annual Base Salary. During the Employment Period, the Executive Executives shall receive an annual base salary of not less than $220,000 (the annual base salary for the Executive in effect from time to time, "Annual Base Salary”) of at least $450,000.00. Annual Base Salary shall not be reduced at any time (including after any such increase), and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased."

Appears in 1 contract

Samples: Employment Agreement (Foundation Coal Holdings, Inc.)

Annual Base Salary. During the Employment PeriodTerm of Employment, the Executive shall receive an annual base salary (“Annual Base Salary”) payable in accordance with the Company’s normal payroll practices of at least $450,000.00no less than US$400,000. Annual The Board shall review the Executive’s Base Salary shall not be reduced at any annually, for the first time (including after any such increase)effective from October 1, 2008, and may, at its sole discretion, increase (but not decrease) the term Annual Executive’s Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increasedSalary.

Appears in 1 contract

Samples: Employment Agreement (Innovative Solutions & Support Inc)

Annual Base Salary. During the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") at a rate of $1.2 million, payable in accordance with the Company's normal payroll policies. The Executive's Annual Base Salary shall be reviewed for increase at least $450,000.00annually by the Board pursuant to its normal performance review policies for senior executives. Annual Base Salary shall not be reduced at any time (including after any such increase), and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary the Executive's annual base salary as so increasedthen in effect.

Appears in 1 contract

Samples: Employment Agreement (Phillips Van Heusen Corp /De/)

Annual Base Salary. During Upon entering into this Agreement and until the Employment Periodend of the 2008 fiscal year, the Executive shall receive an annual base salary (“Annual Base Salary”) of at least $450,000.00. Annual Base Salary shall not be reduced at any time (including after any such increase)200,000.00, minus deductions required by law, and payable in accordance with the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increasedCompany's policy applicable at the time but not less frequently than monthly.

Appears in 1 contract

Samples: Employment Agreement (Toronto Dominion Bank)

Annual Base Salary. During the Employment Period, the Executive shall receive a base salary of not less than $625,000 per annum payable in accordance with the Company’s normal payroll practices, which shall be reviewed by the Compensation and Human Capital Committee (the “Committee”) of the Board of Directors (the “Board”) of the Company on an annual base salary basis in connection with its review of executive officer compensation (the “Annual Base Salary”) of at least $450,000.00. Annual Base Salary shall not be reduced at any time (including after any such increase), and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (CBIZ, Inc.)

Annual Base Salary. During Upon entering into this Agreement and until the Employment Periodend of the 2008 fiscal year, the Executive shall receive an annual base salary (“Annual Base Salary”) of at least $450,000.00. Annual Base Salary shall not be reduced at any time (including after any such increase)150,000.00, minus deductions required by law, and payable in accordance with the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increasedCompany's policy applicable at the time but not less frequently than monthly.

Appears in 1 contract

Samples: Employment Agreement (Toronto Dominion Bank)

Annual Base Salary. During Upon entering into this Agreement and until the Employment Periodend of the 2008 fiscal year, the Executive shall receive an annual base salary (“Annual Base Salary”) salary, of at least $450,000.00. Annual Base Salary shall not be reduced at any time (including after any such increase)200,000.00, minus deductions required by law, and payable in accordance with the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increasedCompany's policy applicable at the time but not less frequently than monthly.

Appears in 1 contract

Samples: Employment Agreement (Toronto Dominion Bank)

Annual Base Salary. During the Employment Period, the Executive shall receive an annual base salary (the “Annual Base Salary”) of at least no less than Three Hundred Ninety-Five Thousand and NO/100 Dollars ($450,000.00395,000), less applicable withholding and payroll deductions, payable in accordance with the Company's regular payroll practices. The Annual Base Salary shall will be reviewed at least annually by the Company’s Compensation Committee of the Board (the “Compensation Committee”) for increase but not be reduced at decrease, provided that there is no guarantee that any time (including after any such annual review will result in an increase), and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Executive Employment Agreement (SelectQuote, Inc.)

Annual Base Salary. During the Employment PeriodTerm (commencing as of January 1, 2016), the Executive shall receive an annual a base salary at a rate that is no less than $300,000 per annum, in each case payable in accordance with the Company’s normal payroll practices, which shall be reviewed by the Compensation Committee on or prior to each anniversary of the Effective Date during the Term and may be increased, but not decreased, upon such review (the “Annual Base Salary”) of at least $450,000.00. Annual Base Salary shall not be reduced at any time (including after any such increase), and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (TransDigm Group INC)

Annual Base Salary. During the Employment Period, the Executive shall receive an annual base salary (the “Annual Base Salary”) of at least no less than $450,000.00900,000, less applicable withholding and payroll deductions, payable in accordance with the Company’s regular payroll practices. The Annual Base Salary shall will be reviewed by the Compensation and Management Development Committee of the Board (the “Compensation Committee”) for increase but not be reduced at decrease, provided that there is no guarantee that any time (including after any such annual review will result in an increase), and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (Triumph Group Inc)

Annual Base Salary. During the Employment Period, the Executive Executives shall receive an annual base salary of not less than $220,000 (the annual base salary for the Executive in effect from time to time, ("Annual Base Salary”) of at least $450,000.00. Annual Base Salary shall not be reduced at any time (including after any such increase), and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased."

Appears in 1 contract

Samples: Employment Agreement (Foundation Coal Holdings, Inc.)

Annual Base Salary. During the Employment Period, the Executive shall receive an annual base salary (“Annual Base Salary”) of at least $450,000.001,000,000.00. Annual Base Salary shall not be reduced at any time (including after any such increase), and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (Southern Union Co)

Annual Base Salary. During the Employment Initial Period, the Executive shall receive an annual base salary ("Annual Base Salary") of at least $450,000.00900,000. Thereafter, the Executive shall receive an amount determined by the Board, but no less than his final Annual Base Salary as Chief Executive Officer. 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 reduced at any time (including after any such increase), increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (Unumprovident Corp)

Annual Base Salary. During the Employment Period, the Executive shall receive an annual base salary (the “Annual Base Salary”) of at least $450,000.001,236,000 payable in accordance with the Company’s regular payroll practices, but no less frequently than monthly. The Annual Base Salary shall be reviewed periodically by the Board or an appropriate committee thereof (the Board or such committee, the “Committee”) for possible increase (but not be reduced at any time (including after any such increasedecrease), as determined in the sole and absolute discretion of the term Annual Base Salary as utilized in this Agreement shall refer Committee, pursuant to Annual Base Salary as so increased.the normal

Appears in 1 contract

Samples: Employment Agreement (PERRIGO Co PLC)

Annual Base Salary. During the Employment Period, the The Executive shall receive an annual base salary of not less than during the Term of Employment (the annual base salary in effect from time to time being referred to as “Annual Base Salary”) of at least $450,000.00). The Annual Base Salary shall not be reduced at any payable in accordance with the Company’s regular payroll practice for senior officers of the Company, as in effect from time (including after any such increase), and the term to time. The Annual Base Salary as utilized shall be reviewed from time to time, and, in this Agreement shall refer to Annual Base Salary as so increasedthe sole discretion of the CEO, may be adjusted but may not be decreased below per annum.

Appears in 1 contract

Samples: Employment Agreement (Aspen Insurance Holdings LTD)

Annual Base Salary. During the Employment PeriodTerm (commencing as of the first month following the date of this Agreement), the Executive shall receive an annual a base salary at a rate of $700,000 per 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”) of at least $450,000.00. Annual Base Salary shall not be reduced at any time (including after any such increase), and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (TransDigm Group INC)

Annual Base Salary. During the Employment PeriodTerm (commencing as of the first pay period following the date of this Agreement), the Executive shall receive an annual a base salary at a rate that is no less than $500,000 per annum payable in accordance with the Company’s normal payroll practices, which shall be reviewed by the Compensation Committee on or prior to each anniversary of the Effective Date during the Term and may be increased, but not decreased, upon such review (the “Annual Base Salary”) of at least $450,000.00. Annual Base Salary shall not be reduced at any time (including after any such increase), and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (TransDigm Group INC)

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