Annual Basic Salary Sample Clauses

Annual Basic Salary. The annual basic salary for all employees covered under the terms and conditions of this Agreement, with proportional application to part-time (hourly-rate) employees, shall be increased as follows: (a). Effective August 19th, 2017, the basic annual salary for each step shall be increased by 2.4%.
Sample 1
AutoNDA by SimpleDocs
Annual Basic Salary. During the Employment Period, the Executive shall receive an annual base salary of not less than $550,000 (the annual base salary in effect from time to time, "Annual Base Salary"). The Annual Base Salary shall be payable in accordance with the Company's regular payroll practice for its senior officers, as in effect from time to time. During the Employment Period, the Annual Base Salary shall be reviewed at least annually, shalll not be less than the minimum base salary set forth above. Any increase in the Annual Base Salary shall not limit or reduce any other obligation of the Company under this Agreement.
Sample 1
Annual Basic Salary. The annual basic salary for all employees covered under the terms and conditions of this Agreement, with proportional application to part-time (hourly-rate) employees, shall be increased as follows: 9.01 (a) - Effective August 18, 2007 (PP 18-07), the basic annual salary for each step shall be increased by 3.3%. The basic salary increase is calculated from the percentage change in the June 2007 ECI over the June 2006 ECI or 3.3%. 9.01 (b) - Effective August 16, 2008 (PP18-08), the basic annual salary for each step shall be increased by 3.1%. The basic salary increase is calculated from the percentage change in the June 2008 ECI over the June 2007 ECI or 3.1%. 9.01 (c) - Effective August 15, 2009 (PP18-09), the basic annual salary for each step shall be increased by a percentage amount equal to the change in the June 2009 ECI over the June 2008 ECI. 9.01 (d) - Effective the second full pay period after the release of the June 2010 ECI, the basic annual salary for each step shall be increased by a percentage amount equal to the change in the June 2010 ECI over the June 2009 ECI. ‌‌‌‌‌ 9.01 (e) - Effective the second full pay period after the release of the June 2011 ECI, the basic annual salary for each step shall be increased by a percentage amount equal to the change in the June 2011 ECI over the June 2010 ECI.
Sample 1
Annual Basic Salary. The annual basic salary for all employees covered under the terms and conditions of this Agreement, with proportional application to part-time (hourly-rate) employees, shall be increased as follows: 9.01 (a) - Effective August 12, 2000 (PP 18-00), 4.1% of the basic salary per annum for employees in the Postal Nurses’ Schedule on August 11, 2000. The basic salary increase is calculated from the percentage change in the June 2000 ECI over the June 1999 ECI or 4.1%. 9.01 (b) - Effective August 11, 2001 (PP18-01), the basic annual salary shall be increased by 3.8% of the salary schedule in effect on August 10, 2001, and reflected on Table I. The basic salary increase is calculated from the percentage change in the June 2001 ECI over the June 2000 ECI or 3.8%. 9.01 (c) - Effective two full pay periods after the release of the June 2002 ECI, the basic annual salary shall be increased by a percentage amount equal to the change in the June 2002 ECI over the June 2001 ECI. The resulting percentage will be the general wage increase applied to the basic salary in effect on August 9, 2002. 9.01 (d) - Effective two full pay periods after the release of the June 2003 ECI, the basic annual salary shall be increased by a percentage amount equal to the change in the June 2003 ECI over the June 2002 ECI. The resulting percentage will be the general wage increase applied to the basic salary in effect on August 8, 2003.
Sample 1

Related to Annual Basic Salary

  • Annual Base Salary During the Term, Executive shall receive a base salary at a rate of $550,000 per annum (as increased from time to time, the “Annual Base Salary”), which shall be paid in accordance with the customary payroll practices of the Company. Such Annual Base Salary shall be reviewed (and may be increased, but not decreased) from time to time by the Board or an authorized committee of the Board.

  • Basic Salary For all your services rendered under this Agreement, UO shall pay you a salary at an annual rate of no less than $450,000, or at such higher salary as may be determined by your performance review and the Executive Vice President, Human Resources, Legal & Business Affairs, UPR. Such higher salary shall subsequently be deemed the annual rate, commencing on such date as the Executive Vice President, Human Resources, Legal & Business Affairs, UPR may determine, for purposes of this Agreement.

  • Annual Salary Executive's compensation shall consist of an annual base salary (the "Annual Salary") of one hundred fifty thousand dollars ($150,000), before all customary payroll deductions. The Annual Salary shall be reviewed, and shall be subject to change, by the Board of Directors of Employer (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.

  • Base Salary The Company shall pay to the Executive an annual base salary of $200,000, payable on a monthly basis commencing on the Effective Date (as the same may be adjusted herein, the “Base Salary”). The Base Salary shall be paid in accordance with the Company’s payroll policies.

  • Base Salary and Bonus As compensation for the Executive's services under this Agreement, the Executive shall receive and the Company shall pay a weekly base salary set forth on Exhibit A. Such base salary may be increased but not decreased during the Term or Renewal Period in the Company's discretion based upon the Executive's performance and any other factors the Company deems relevant. Such base salary shall be payable in accordance with the policy then prevailing for the Company's executives. In addition to such base salary, the Executive shall be entitled during the Term or Renewal Period to a performance bonus set forth on Exhibit A and to participate in and receive payments from, at the Company's election, other bonus and other incentive compensation plans, if any, as may be adopted by the Company.

  • Monthly Salary The words “monthly salary” when used in this Agreement shall mean: (Bi-weekly pay at regular rate of pay times 26.1) divided by 12 = monthly salary

  • Base Compensation The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $76,000 per annum, payable in cash not less frequently than monthly; provided, that the rate of such salary shall be reviewed by the Board of Directors of the Bank not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the Board of Directors in its sole discretion may decide.

  • Annual Bonus Compensation Executive shall be eligible to receive a bonus each Contract Year (“Annual Bonus”) as the Compensation Committee of the Board of Directors shall determine. Executive’s Annual Bonus shall be determined in accordance with the Company’s executive compensation policies as in effect from time to time during the Term and shall be based, in part, on his achieving his individual performance goals for the year and, in part, on the Company’s achieving its performance goals for the year.

  • Annual Compensation The Executive's "Annual Compensation" for purposes of this Agreement shall be deemed to mean the highest level of base salary paid to the Executive by the Employers or any subsidiary thereof during any of the three calendar years ending during the calendar year in which the Date of Termination occurs.

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!