Common use of Annual Salary Clause in Contracts

Annual Salary. During the Employment Term, the Company shall pay to the Executive a base salary at the rate of Two Hundred Twenty Five Thousand Dollars ($225,000) per year (the "Annual Salary"), payable in substantially equal biweekly installments. The Company will review annually and may, in the sole discretion of the Board of Directors of the Company, increase such base salary in light of the Executive's performance, inflation in cost of living or other factors.

Appears in 2 contracts

Samples: Executive Employment Agreement (First Aviation Services Inc), Executive Employment Agreement (First Aviation Services Inc)

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Annual Salary. During the Employment Term, the Company shall pay to the Executive a an annual base salary in the amount of $200,000.00. The salary paid during Executive’s employment shall be referred to in this Agreement as the “Annual Salary”. The Annual Salary shall be subject to any tax withholdings and/or employee deductions that are applicable. The Annual Salary shall be paid to Executive in equal installments in accordance with the periodic payroll practices of the Company for its employees. The Annual Salary will be subject to review and adjustment at the rate of Two Hundred Twenty Five Thousand Dollars ($225,000) per year (the "Annual Salary"), payable in substantially equal biweekly installments. The Company will review annually and may, in the sole discretion of the Board of Directors of the Company, increase such base salary in light of the Executive's performance, inflation in cost of living or other factorsno less frequently than annually.

Appears in 2 contracts

Samples: Employment Agreement (Ideal Power Inc.), Employment Agreement (Ideal Power Inc.)

Annual Salary. During the Employment Term, the Company shall pay to the Executive a base salary at the rate of Two One Hundred Twenty Five Fifty Thousand Dollars ($225,000150,000) per year (the "Annual Salary"), payable in substantially equal biweekly installments. The Company will review annually and may, in the sole discretion of the Board of Directors of the Company, increase such base salary in light of the Executive's performance, inflation in cost of living or other factors.

Appears in 2 contracts

Samples: Executive Employment Agreement (First Aviation Services Inc), Executive Employment Agreement (First Aviation Services Inc)

Annual Salary. During the Employment Term, the Company shall pay to the Executive a base salary at the rate of Two Hundred Twenty Five Thousand Dollars ($225,000) per year (the "Annual Salary"), payable in substantially equal biweekly installments. The Company will review annually and may, in the sole discretion of the Board of Directors of the Company, increase such an annual base salary in light the amount of $350,000 dollars. The salary paid during the Term shall be referred to in this Agreement as the “Annual Salary”. The Annual Salary shall be subject to any tax withholdings and/or employee deductions that are applicable. The Annual Salary shall be paid to Executive in equal installments in accordance with the periodic payroll practices of the Executive's performance, inflation in cost of living or other factorsCompany for its employees.

Appears in 2 contracts

Samples: Employment Agreement (Petrosonic Energy, Inc.), Employment Agreement (Clearsign Combustion Corp)

Annual Salary. During the Employment Term, the Company shall pay to the Executive a base salary at the rate of Two One Hundred Twenty Five Eighty Thousand Dollars ($225,000180,000) per year (the "Annual SalaryANNUAL SALARY"), payable in substantially equal biweekly installments. The Company will review annually and may, in the sole discretion of the Board of Directors of the CompanyDirectors, increase such base salary in light of the Executive's performance, inflation in cost of living or other factors.

Appears in 2 contracts

Samples: Executive Employment Agreement (First Aviation Services Inc), Executive Employment Agreement (First Aviation Services Inc)

Annual Salary. During the Employment Term, the Company shall pay to the Executive a an annual base salary in the amount of $200,000.00 dollars. The salary paid during the Term shall be referred to in this Agreement as the “Annual Salary”. The Annual Salary shall be subject to any tax withholdings and/or employee deductions that are applicable. The Annual Salary shall be paid to Executive in equal installments in accordance with the periodic payroll practices of the Company for its employees. The Annual Salary will be subject to review and adjustment at the rate of Two Hundred Twenty Five Thousand Dollars ($225,000) per year (the "Annual Salary"), payable in substantially equal biweekly installments. The Company will review annually and may, in the sole discretion of the Board of Directors of the Company, increase such base salary in light of the Executive's performance, inflation in cost of living or other factorsno less frequently than annually.

Appears in 1 contract

Samples: Employment Agreement (Ideal Power Inc.)

Annual Salary. During the Employment Term, the Company shall pay to the Executive a an annual base salary at in the rate amount of Two Hundred Twenty Five Thousand Dollars ($225,000) per year (350,000. The salary paid during Executive’s employment shall be referred to in this Agreement as the "Annual Salary"), payable in substantially equal biweekly installments. The Annual Salary shall be subject to any tax withholdings and/or employee deductions that are applicable. The Annual Salary shall be paid to Executive in equal installments in accordance with the periodic payroll practices of Company for its employees. The Annual Salary will be subject to review annually and may, in increase at the sole discretion of the Board of Directors of the Company, increase such base salary in light of the Executive's performance, inflation in cost of living or other factorsno less frequently than annually.

Appears in 1 contract

Samples: Employment Agreement (Clearsign Combustion Corp)

Annual Salary. During the Employment Term, the Company shall pay to the Executive a an annual base salary at in the rate amount of Two Hundred Twenty Five Thousand Dollars ($225,000) per year 350,000 (the "Annual Salary"), payable in substantially equal biweekly installments. The Annual Salary shall be subject to any tax withholdings and/or employee deductions that are applicable. The Annual Salary shall be paid to Executive in equal installments in accordance with the periodic payroll practices of Company for its employees. The Annual Salary will be subject to review annually and may, in increase at the sole discretion of the Board of Directors of the Company, increase such base salary in light of the Executive's performance, inflation in cost of living or other factorsno less frequently than annually.

Appears in 1 contract

Samples: Employment Agreement (Clearsign Combustion Corp)

Annual Salary. During the Employment Term, the The Company shall pay to the Executive a base an annual salary at the rate of Two Hundred Twenty Five Thousand Dollars one hundred sixty thousand dollars ($225,000160,000.00) per year the (the "Annual Salary"). Executive’s salary shall be paid in equal bi-monthly installments, payable in substantially equal biweekly installments. The Company will review annually and may, in the sole discretion of the Board of Directors of consistent with the Company, increase such base ’s regular salary in light of payment practices. Executive’s salary may be adjusted from time-to-time by the Executive's performance, inflation in cost of living or other factorsCompany without affecting this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Biotime Inc)

Annual Salary. During the Employment Term, the Company shall pay to the Executive a an annual base salary in the amount of $225,000. The salary paid during Executive’s employment shall be referred to in this Agreement as the “Annual Salary”. The Annual Salary shall be subject to any tax withholdings and/or employee deductions that are applicable. The Annual Salary shall be paid to Executive in equal installments in accordance with the periodic payroll practices of the Company for its employees. The Annual Salary will be subject to review and adjustment at the rate of Two Hundred Twenty Five Thousand Dollars ($225,000) per year (the "Annual Salary"), payable in substantially equal biweekly installments. The Company will review annually and may, in the sole discretion of the Board of Directors of the Company, increase such base salary in light of the Executive's performance, inflation in cost of living or other factorsno less frequently than annually.

Appears in 1 contract

Samples: Employment Agreement (Ideal Power Inc.)

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Annual Salary. During the Employment Term, the Company shall pay to the Executive a an annual base salary in the amount of $223,267.20 dollars. The salary paid during the Term shall be referred to in this Agreement as the “Annual Salary”. The Annual Salary shall be subject to any tax withholdings and/or employee deductions that are applicable. The Annual Salary shall be paid to Executive in equal installments in accordance with the periodic payroll practices of the Company for its employees. The Annual Salary will be subject to review and adjustment at the rate of Two Hundred Twenty Five Thousand Dollars ($225,000) per year (the "Annual Salary"), payable in substantially equal biweekly installments. The Company will review annually and may, in the sole discretion of the Board of Directors of the Company, increase such base salary in light of the Executive's performance, inflation in cost of living or other factorsno less frequently than annually.

Appears in 1 contract

Samples: Employment Agreement (Ideal Power Inc.)

Annual Salary. During the Employment Term, the Company shall pay to the Executive a an annual base salary in the amount of $223,267.20. The salary paid during Executive’s employment shall be referred to in this Agreement as the “Annual Salary”. The Annual Salary shall be subject to any tax withholdings and/or employee deductions that are applicable. The Annual Salary shall be paid to Executive in equal installments in accordance with the periodic payroll practices of the Company for its employees. The Annual Salary will be subject to review and adjustment at the rate of Two Hundred Twenty Five Thousand Dollars ($225,000) per year (the "Annual Salary"), payable in substantially equal biweekly installments. The Company will review annually and may, in the sole discretion of the Board of Directors of the Company, increase such base salary in light of the Executive's performance, inflation in cost of living or other factorsno less frequently than annually.

Appears in 1 contract

Samples: Employment Agreement (Ideal Power Inc.)

Annual Salary. During the Employment Termemployment of Executive, the Company shall pay to the Executive a an initial base salary at the annual rate of Two Hundred Twenty Five Thousand Dollars ($225,000) per year 200,000 (the "Annual Base Salary"), payable in substantially equal biweekly installmentson the Company's regular payroll dates. The Company will review annually and may, in the its sole discretion of the Board of Directors of the Companyand absolute discretion, increase such base salary Executive's Base Salary in light of the Executive's performance, inflation in and cost of living or living, and other factorsfactors deemed relevant by the Company; provided, however, Executive's Base Salary may not be decreased below the initial Base Salary during the term of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Tickets Com Inc)

Annual Salary. During the Employment Term, the Company shall pay to the Executive a an annual base salary in the amount of $175,000.00 dollars. The salary paid during the Term shall be referred to in this Agreement as the “Annual Salary”. The Annual Salary shall be subject to any tax withholdings and/or employee deductions that are applicable. The Annual Salary shall be paid to Executive in equal installments in accordance with the periodic payroll practices of the Company for its employees. The Annual Salary will be subject to review and adjustment at the rate of Two Hundred Twenty Five Thousand Dollars ($225,000) per year (the "Annual Salary"), payable in substantially equal biweekly installments. The Company will review annually and may, in the sole discretion of the Board of Directors of the Company, increase such base salary in light of the Executive's performance, inflation in cost of living or other factorsno less frequently than annually.

Appears in 1 contract

Samples: Employment Agreement (Ideal Power Inc.)

Annual Salary. During the Employment Term, the Company shall pay to the Executive a base salary at the rate of Two Hundred Twenty Five Thousand Dollars ($225,000) per year (the "Annual Salary"), payable in substantially equal biweekly installments. The Company will review annually and may, in the sole discretion of the Board of Directors of the Company, increase such an annual base salary in light the amount of $150,000 dollars. The salary paid during the Term shall be referred to in this Agreement as the “Annual Salary”. The Annual Salary shall be subject to any tax withholdings and/or employee deductions that are applicable. The Annual Salary shall be paid to Executive in equal installments in accordance with the periodic payroll practices of the Executive's performance, inflation in cost of living or other factorsCompany for its employees.

Appears in 1 contract

Samples: Employment Agreement (Petrosonic Energy, Inc.)

Annual Salary. During the Employment Term, the Company shall pay to the Executive a an annual base salary in the amount of $300,000. The salary paid during Executive’s employment shall be referred to in this Agreement as the “Annual Salary”. The Annual Salary shall be subject to any tax withholdings and/or employee deductions that are applicable. The Annual Salary shall be paid to Executive in equal installments in accordance with the periodic payroll practices of the Company for its employees. The Annual Salary will be subject to review and adjustment at the rate of Two Hundred Twenty Five Thousand Dollars ($225,000) per year (the "Annual Salary"), payable in substantially equal biweekly installments. The Company will review annually and may, in the sole discretion of the Board of Directors of the Company, increase such base salary in light of the Executive's performance, inflation in cost of living or other factorsno less frequently than annually.

Appears in 1 contract

Samples: Employment Agreement (Ideal Power Inc.)

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