Common use of Annual Compensation Adjustments Clause in Contracts

Annual Compensation Adjustments. During the Employment Period, the Board of Directors of the Company (or an appropriate committee or officer thereof) will consider and review, at least annually, the contributions of the Executive to the Company, BWC or their Affiliates and in accordance with the practice of the Company, BWC or their Affiliates prior to the Change in Control of the Company, due consideration shall be given to the upward adjustment of the Executive's base compensation rate, at least annually, (i) commensurate with increases generally given to other executives of the Company, BWC or their Affiliates of comparable status and position to the Executive, and (ii) as the scope of the operations of the Company, BWC or their Affiliates or the Executive's duties expand.

Appears in 4 contracts

Samples: Change of Control Employment Agreement (Belden Inc), Change of Control Employment Agreement (Belden Inc), Employment Agreement (Belden Inc)

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