Common use of Annualized Base Compensation Clause in Contracts

Annualized Base Compensation. As compensation for services rendered under this Agreement, Executive shall be entitled to receive from the Company a minimum annualized base salary (before tax withholdings and other deductions) of $400,000.00 (“Base Salary”). Executive’s Base Salary shall be reviewed by the Board on an annual basis and, in the Board’s discretion, may be increased. Executive’s Base Salary shall be payable in arrears at regular intervals (but no less frequently than monthly) in accordance with the prevailing practice and policies of the Company as may exist from time to time.

Appears in 2 contracts

Samples: Employment Agreement (C&J Energy Services Ltd.), Employment Agreement (C&J Energy Services Ltd.)

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Annualized Base Compensation. As compensation for services rendered under this Agreement, Executive shall be entitled to receive from the Company a minimum annualized base salary (before tax withholdings and other deductions) of $400,000.00 362,000 (“Base Salary”). Executive’s Base Salary shall be reviewed by the Board on an annual basis and, in the Board’s discretion, may be increased; provided, however, that Executive’s Base Salary shall not be decreased without the written consent of Executive. Executive’s Base Salary shall be payable in arrears at regular intervals (but no less frequently than monthly) in accordance with the prevailing practice and policies of the Company as may exist from time to time.

Appears in 2 contracts

Samples: Employment Agreement (C&J Energy Services Ltd.), Employment Agreement (C&J Energy Services Ltd.)

Annualized Base Compensation. As compensation for services rendered under this Agreement, Executive shall be entitled to receive from the Company a minimum annualized base salary (before tax withholdings and other deductions) of $400,000.00 400,000 (“Base Salary”). Executive’s Base Salary shall be reviewed by the Board on an annual basis and, in the Board’s discretion, may be increased; provided, however, that Executive’s Base Salary shall not be decreased without the written consent of Executive. Executive’s Base Salary shall be payable in arrears at regular intervals (but no less frequently than monthly) in accordance with the prevailing practice and policies of the Company as may exist from time to time.

Appears in 2 contracts

Samples: Employment Agreement (C&J Energy Services Ltd.), Employment Agreement (C&J Energy Services Ltd.)

Annualized Base Compensation. As compensation for services rendered under this Agreement, Executive shall be entitled to receive from the Company a minimum annualized base salary (before tax withholdings and other deductions) of $400,000.00 500,000 (“Base Salary”). Executive’s Base Salary shall be reviewed by the Board on an annual basis and, in the Board’s discretion, may be increased; provided, however, that Executive’s Base Salary shall not be decreased without the written consent of Executive. Executive’s Base Salary shall be payable in arrears at regular intervals (but no less frequently than monthly) in accordance with the prevailing practice and policies of the Company as may exist from time to time.

Appears in 2 contracts

Samples: Employment Agreement (C&J Energy Services Ltd.), Employment Agreement (C&J Energy Services Ltd.)

Annualized Base Compensation. As compensation for services rendered under this Agreement, Executive shall be entitled to receive from the Company a minimum annualized base salary (before tax withholdings and other deductions) of $400,000.00 340,000.00 (“Base Salary”). Executive’s Base Salary shall be reviewed by the Board on an annual basis and, in the Board’s discretion, may be increased. Executive’s Base Salary shall be payable in arrears at regular intervals (but no less frequently than monthly) in accordance with the prevailing practice and policies of the Company as may exist from time to time.

Appears in 2 contracts

Samples: Employment Agreement (C&J Energy Services Ltd.), Employment Agreement (C&J Energy Services Ltd.)

Annualized Base Compensation. As compensation for services rendered under this Agreement, Executive shall be entitled to receive from the Company a minimum annualized base salary (before tax withholdings and other deductions) of $400,000.00 270,000 (“Base Salary”). Executive’s Base Salary shall be reviewed by the Board on an annual basis and, in the Board’s discretion, may be increased; provided, however, that Executive’s Base Salary shall not be decreased without the written consent of Executive. Executive’s Base Salary shall be payable in arrears at regular intervals (but no less frequently than monthly) in accordance with the prevailing practice and policies of the Company as may exist from time to time.

Appears in 2 contracts

Samples: Employment Agreement (C&J Energy Services Ltd.), Employment Agreement (C&J Energy Services Ltd.)

Annualized Base Compensation. As compensation for services rendered under this Agreement, Executive shall be entitled to receive from the Company a minimum annualized base salary (before tax withholdings and other deductions) of $400,000.00 450,000 (“Base Salary”). Executive’s Base Salary shall be reviewed by the Board on an annual basis and, in the Board’s discretion, may be increased; provided, however, that Executive’s Base Salary shall not be decreased without the written consent of Executive. Executive’s Base Salary shall be payable in arrears at regular intervals (but no less frequently than monthly) in accordance with the prevailing practice and policies of the Company as may exist from time to time.

Appears in 2 contracts

Samples: Employment Agreement (Nabors Red Lion LTD), Employment Agreement (Nabors Red Lion LTD)

Annualized Base Compensation. As compensation for services rendered under this Agreement, Executive shall be entitled to receive from the Company a minimum annualized base salary (before tax withholdings and other deductions) of $400,000.00 325,000.00 (“Base Salary”). Executive’s Base Salary shall be reviewed by the Board on an annual basis and, in the Board’s discretion, may be increased. Executive’s Base Salary shall be payable in arrears at regular intervals (but no less frequently than monthly) in accordance with the prevailing practice and policies of the Company as may exist from time to time.

Appears in 2 contracts

Samples: Employment Agreement (C&J Energy Services, Inc.), Employment Agreement (C&J Energy Services, Inc.)

Annualized Base Compensation. As compensation for services rendered under this Agreement, Executive shall be entitled to receive from the Company a minimum annualized base salary (before tax withholdings and other deductions) of $400,000.00 350,000.00 (“Base Salary”). Executive’s Base Salary shall be reviewed by the Board on an annual basis and, in the Board’s discretion, may be increased. Executive’s Base Salary shall be payable in arrears at regular intervals (but no less frequently than monthly) in accordance with the prevailing practice and policies of the Company as may exist from time to time.

Appears in 2 contracts

Samples: Employment Agreement (C&J Energy Services Ltd.), Employment Agreement (C&J Energy Services Ltd.)

Annualized Base Compensation. As compensation for services rendered under this Agreement, Executive shall be entitled to receive from the Company a minimum annualized base salary (before tax withholdings and other deductions) of $400,000.00 425,000 (“Base Salary”). Executive’s Base Salary shall be reviewed by the Board on an annual basis and, in the Board’s discretion, may be increased; provided, however, that Executive’s Base Salary shall not be decreased without the written consent of Executive. Executive’s Base Salary shall be payable in arrears at regular intervals (but no less frequently than monthly) in accordance with the prevailing practice and policies of the Company as may exist from time to time.

Appears in 2 contracts

Samples: Employment Agreement (C&J Energy Services Ltd.), Employment Agreement (C&J Energy Services Ltd.)

Annualized Base Compensation. As compensation for services rendered under this Agreement, Executive shall be entitled to receive from the Company a minimum annualized base salary (before tax withholdings and other deductions) of $400,000.00 251,000.00 (“Base Salary”). Executive’s Base Salary shall be reviewed by the Board on an annual basis and, in the Board’s discretion, may be increased. Executive’s Base Salary shall be payable in arrears at regular intervals (but no less frequently than monthly) in accordance with the prevailing practice and policies of the Company as may exist from time to time.

Appears in 1 contract

Samples: Employment Agreement (C&J Energy Services, Inc.)

Annualized Base Compensation. As compensation for services rendered under this Agreement, Executive shall be entitled to receive from the Company a minimum annualized base salary (before tax withholdings and other deductions) of $400,000.00 550,000 (“Base Salary”). Executive’s Base Salary shall be reviewed by the Board on an annual basis and, in the Board’s discretion, may be increased; provided, however, that Executive’s Base Salary shall not be decreased without the written consent of Executive. Executive’s Base Salary shall be payable in arrears at regular intervals (but no less frequently than monthly) in accordance with the prevailing practice and policies of the Company as may exist from time to time.

Appears in 1 contract

Samples: Employment Agreement (Nabors Red Lion LTD)

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Annualized Base Compensation. As compensation for services rendered under this Agreement, Executive shall be entitled to receive from the Company a minimum an annualized base salary (before tax withholdings and other deductions) of $400,000.00 875,000 (“Base Salary”). Executive’s Base Salary shall be reviewed by the Board on an annual basis from time to time and, in the Board’s sole discretion, may be increasedincreased but shall not be decreased without the consent of Executive (such determined amount as in effect at any time, the “Effective Base Salary”). Executive’s Base Salary base salary shall be payable in arrears at regular intervals (but no less frequently than monthly) substantially equal installments in accordance with the prevailing practice and policies of the Company as may exist from time to timetime (but no less frequently than monthly).

Appears in 1 contract

Samples: Employment Agreement (C&J Energy Services, Inc.)

Annualized Base Compensation. As compensation for services rendered under this Agreement, Executive shall be entitled to receive from the Company a minimum annualized base salary (before tax withholdings and other deductions) of $400,000.00 875,000 (“Base Salary”). Executive’s Base Salary shall be reviewed by the Board on an annual basis and, in the Board’s discretion, may be increased; provided, however, that Executive’s Base Salary shall not be decreased without the written consent of Executive. Executive’s Base Salary shall be payable in arrears at regular intervals (but no less frequently than monthly) in accordance with the prevailing practice and policies of the Company as may exist from time to time.

Appears in 1 contract

Samples: Employment Agreement (C&J Energy Services Ltd.)

Annualized Base Compensation. As compensation for services rendered under this Agreement, Executive shall be entitled to receive from the Company a minimum an annualized base salary (before tax withholdings and other deductions) of $400,000.00 425,000 (“Base Salary”). Executive’s Base Salary shall be reviewed by the Board on an annual basis from time to time and, in the Board’s sole discretion, may be increasedincreased but shall not be decreased without the consent of Executive (such determined amount as in effect at any time, the “Effective Base Salary”). Executive’s Base Salary base salary shall be payable in arrears at regular intervals (but no less frequently than monthly) substantially equal installments in accordance with the prevailing practice and policies of the Company as may exist from time to timetime (but no less frequently than monthly).

Appears in 1 contract

Samples: Employment Agreement (C&J Energy Services, Inc.)

Annualized Base Compensation. As compensation for services rendered under this Agreement, Executive shall be entitled to receive from the Company a minimum an annualized base salary (before tax withholdings and other deductions) of $400,000.00 500,000.00 (“Base Salary”). Executive’s Base Salary shall be reviewed by the Board on an annual basis from time to time and, in the Board’s sole discretion, may be increased, but shall not be decreased without the consent of Executive (such determined amount as in effect at any time, the “Effective Base Salary”). Executive’s Base Salary base salary shall be payable in arrears at regular intervals (but no less frequently than monthly) substantially equal installments in accordance with the prevailing practice and policies of the Company as may exist from time to timetime (but no less frequently than monthly).

Appears in 1 contract

Samples: Employment Agreement (C&J Energy Services, Inc.)

Annualized Base Compensation. As compensation for services rendered under this Agreement, Executive shall be entitled to receive from the Company a minimum annualized base salary (before tax withholdings and other deductions) of $400,000.00 1,100,000 (“Base Salary”). Executive’s Base Salary shall be reviewed by the Board on an annual basis and, in the Board’s discretion, may be increased; provided, however, that Executive’s Base Salary shall not be decreased without the written consent of Executive. Executive’s Base Salary shall be payable in arrears at regular intervals (but no less frequently than monthly) in accordance with the prevailing practice and policies of the Company as may exist from time to time.

Appears in 1 contract

Samples: Employment Agreement (Nabors Red Lion LTD)

Annualized Base Compensation. As compensation for services rendered under this Agreement, Executive shall be entitled to receive from the Company a minimum an annualized base salary (before tax withholdings and other deductions) of $400,000.00 375,000 (“Base Salary”). Executive’s Base Salary shall be reviewed by the Board on an annual basis and, in the Board’s discretion, may be increasedincreased or decreased; provided, however, that Executive’s Base Salary shall not be decreased without the written consent of Executive. Executive’s Base Salary shall be payable in arrears at regular intervals (but no less frequently than monthly) in accordance with the prevailing practice and policies of the Company as may exist from time to time.

Appears in 1 contract

Samples: Employment Agreement (C&J Energy Services, Inc.)

Annualized Base Compensation. As compensation for services rendered under this Agreement, Executive shall be entitled to receive from the Company a minimum annualized base salary (before tax withholdings and other deductions) of $400,000.00 650,000 (“Base Salary”). Executive’s Base Salary shall be reviewed by the Board on an annual basis and, in the Board’s discretion, may be increased; provided, however, that Executive’s Base Salary shall not be decreased without the written consent of Executive. Executive’s Base Salary shall be payable in arrears at regular intervals (but no less frequently than monthly) in accordance with the prevailing practice and policies of the Company as may exist from time to time.

Appears in 1 contract

Samples: Employment Agreement (Nabors Red Lion LTD)

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