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 thereof) will consider and appraise, at least annually, the contributions of the Executive to the Company's operating efficiency, growth, cash flow from operations and operating profits, and, in accordance with the Company's practice 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, commensurate with (i) increases generally given to other executives of the Company of comparable status and position to the Executive, and (ii) as the scope of the Company's operations or the Executive's duties expand.

Appears in 3 contracts

Samples: Key Executive Employment and Severance Agreement (Schultz Sav O Stores Inc), Key Executive Employment and Severance Agreement (Schultz Holding Co Inc), Key Executive (Northland Cranberries Inc /Wi/)

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Annual Compensation Adjustments. During the Employment Period, the Board of Directors of the Company (or an appropriate committee thereof) will consider and appraise, at least annually, the contributions of the Executive to the Company's operating efficiency, growth, cash flow from operations and operating profits, and, in accordance with the Company's practice prior to the Change in Control of the Company, due consideration shall be given to the appropriate annual bonus to be paid to the Executive and to the upward adjustment of the Executive's base compensation rate, at least annually, commensurate with (i) increases generally given to other executives of the Company of comparable status and position to the Executive, and (ii) as the scope of the Company's operations or the Executive's duties expand.

Appears in 3 contracts

Samples: Key Executive Employment and Severance Agreement (Fresh Brands Inc), Key Executive Employment and Severance Agreement (Fresh Brands Inc), Key Executive Employment and Severance Agreement (Fresh Brands Inc)

Annual Compensation Adjustments. During the Employment Period, the Board of Directors of the Company (or an appropriate committee thereof) will consider and appraise, at least annually, the contributions of the Executive to the Company's operating and/or administrative efficiency, growth, cash flow from operations operations, operating profits and operating profitsother contributions, and, in accordance with the Company's practice prior to the Change in Control of the Company, due and good faith consideration shall be given to the upward adjustment of the Executive's base compensation rate, at least annually, commensurate with (i) increases generally given to other executives of the Company of comparable status and position to the Executive, and (ii) as the scope of the Company's operations or the Executive's duties expand.

Appears in 2 contracts

Samples: Key Executive Employment and Severance Agreement (Northland Cranberries Inc /Wi/), Key Executive Employment and Severance Agreement (Northland Cranberries Inc /Wi/)

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Annual Compensation Adjustments. During the Employment Period, the Board of Directors of the Company (or an appropriate committee thereof) will consider and appraise, at least annually, the contributions of the Executive to the Company's operating and/or administrative efficiency, growth, cash flow from operations and operating profits, and, in accordance with the Company's practice prior to the Change in Control of the Company, due and good faith consideration shall be given to the upward adjustment of the Executive's base compensation rate, at least annually, commensurate with (i) increases generally given to other executives of the Company of comparable status and position to the Executive, and (ii) as the scope of the Company's operations or the Executive's duties expand. 7.

Appears in 1 contract

Samples: Key Executive Employment and Severance Agreement (Superior Services Inc)

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