Common use of Annual Compensation Review Clause in Contracts

Annual Compensation Review. At least annually during the Employment, the Company shall review with the Executive the Base Salary, the Bonus Potential At Target, and all other forms of compensation, which the Executive is then receiving (or, in the case of contingent compensation, for which the Executive is a participant in the applicable plan). The Base Salary may be increased (but not decreased) from time to time as determined by the Company's board of directors or the compensation committee thereof. The Executive's Bonus Potential At Target shall be automatically increased by the same percentage as any increase in the Base Salary as provided in Section 4.1. Any increase in Base Salary shall not limit or reduce any other obligation of the Company to the Executive under this Agreement. The Base Salary may not be decreased without the Executive's express prior written consent.

Appears in 5 contracts

Samples: Employment Agreement (Bindview Development Corp), Employment Agreement (Bindview Development Corp), Executive Employment Agreement (Bindview Development Corp)

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Annual Compensation Review. At least annually during the Employment, the Company shall review with the Executive the Base Salary, the Bonus Potential At Target, and all other forms of compensation, which the Executive is then receiving (or, in the case of contingent compensation, for which the Executive is a participant in the applicable plan). The Base Salary may be increased (but not decreased) from time to time as determined by the Company's ’s board of directors or the compensation committee thereof. The Executive's ’s Bonus Potential At Target shall be automatically increased by the same percentage as any increase in the Base Salary as provided in Section 4.1. Any increase in Base Salary shall not limit or reduce any other obligation of the Company to the Executive under this Agreement. The Base Salary may not be decreased without the Executive's ’s express prior written consent.

Appears in 1 contract

Samples: Employment Agreement (Bindview Development Corp)

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Annual Compensation Review. At least annually during the Employment, the Company shall review with the Executive the Base Salary, the Bonus Potential At Target, and all other forms of compensation, which the Executive is then receiving (or, in the case of contingent compensation, for which the Executive is a participant in the applicable plan). The Base Salary may be increased (but not decreased) from time to time as determined by the Company's board of directors or the compensation committee thereof. The Executive's Bonus Potential At Target shall be automatically increased by the same percentage as any increase in the Base Salary as provided in Section 4.1. Any increase in Base Salary shall not limit or reduce any other obligation of the Company to the Executive under this Agreement. The Base Salary may not be decreased without the Executive's express prior written consent.. Executive Employment Agreement EXECUTIVE: ------------

Appears in 1 contract

Samples: Executive Employment Agreement (Bindview Development Corp)

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