Common use of Base Compensation; Current Term Clause in Contracts

Base Compensation; Current Term. The Company shall compensate Executive for his services hereunder during the Current Term at a rate of $243,000 per annum, or such amount as the Board may from time to time determine ("Base Compensation"), payable in installments on the Company’s regular payroll dates for salaried executives. The Base Compensation rate shall be reviewed annually and may be increased or decreased, from time to time, provided, however, that Base Compensation shall only be decreased by the Board on a good faith basis and with reasonable justification for the same, and provided further, that in the event of a Change in Control, Base Compensation shall not be decreased.

Appears in 3 contracts

Samples: Executive Employment Agreement (Chesapeake Utilities Corp), Executive Employment Agreement (Chesapeake Utilities Corp), Executive Employment Agreement (Chesapeake Utilities Corp)

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Base Compensation; Current Term. The Company shall compensate Executive for his or her services hereunder during the Current Term at a rate of $243,000 _410,000.00 per annum, or such amount as the Board may from time to time determine ("Base Compensation"), payable in installments on the Company’s regular payroll dates for salaried executives. The Base Compensation rate shall be reviewed annually and may be increased or decreased, from time to time, provided, however, that Base Compensation shall only be decreased by the Board on a good faith basis and with reasonable justification for the same, and provided further, that in the event of a Change in Control, Base Compensation shall not at any time thereafter be decreased.

Appears in 2 contracts

Samples: Executive Employment Agreement (Chesapeake Utilities Corp), Executive Employment Agreement (Chesapeake Utilities Corp)

Base Compensation; Current Term. The Company shall compensate Executive for his services hereunder during the Current Term at a rate of $243,000 246,000 per annum, or such amount as the Board may from time to time determine ("Base Compensation"), payable in installments on the Company’s regular payroll dates for salaried executives. The Base Compensation rate shall be reviewed annually and may be increased or decreased, from time to time, provided, however, that Base Compensation shall only be decreased by the Board on a good faith basis and with reasonable justification for the same, and provided further, that in the event of a Change in Control, Base Compensation shall not be decreased.

Appears in 2 contracts

Samples: Executive Employment Agreement (Chesapeake Utilities Corp), Executive Employment Agreement (Chesapeake Utilities Corp)

Base Compensation; Current Term. The Company shall compensate Executive for his services hereunder during the Current Term at a rate of $243,000 360,000 per annum, or such amount as the Board may from time to time determine ("Base Compensation"), payable in installments on the Company’s regular payroll dates for salaried executives. The Base Compensation rate shall be reviewed annually and may be increased or decreased, from time to time, provided, however, that Base Compensation shall only be decreased by the Board on a good faith basis and with reasonable justification for the same, and provided further, that in the event of a Change in Control, Base Compensation shall not be decreased.

Appears in 2 contracts

Samples: Executive Employment Agreement (Chesapeake Utilities Corp), Executive Employment Agreement (Chesapeake Utilities Corp)

Base Compensation; Current Term. The Company shall compensate Executive for his services hereunder during the Current Term at a rate of $243,000 400,000 per annum, or such amount as the Board may from time to time determine ("Base Compensation"), payable in installments on the Company’s regular payroll dates for salaried executives. The Base Compensation rate shall be reviewed annually and may be increased or decreased, from time to time, provided, however, that Base Compensation shall only be decreased by the Board on a good faith basis and with reasonable justification for the same, and provided further, that in the event of a Change in Control, Base Compensation shall not at any time thereafter be decreased.

Appears in 2 contracts

Samples: Executive Employment Agreement (Chesapeake Utilities Corp), Executive Employment Agreement (Chesapeake Utilities Corp)

Base Compensation; Current Term. The Company shall compensate Executive for his services hereunder during the Current Term at a rate of $243,000 310,000 per annum, or such amount as the Board may from time to time determine ("Base Compensation"), payable in installments on the Company’s regular payroll dates for salaried executives. The Base Compensation rate shall be reviewed annually and may be increased or decreased, from time to time, provided, however, that Base Compensation shall only be decreased by the Board on a good faith basis and with reasonable justification for the same, and provided further, that in the event of a Change in Control, Base Compensation shall not at any time thereafter be decreased.

Appears in 1 contract

Samples: Executive Employment Agreement (Chesapeake Utilities Corp)

Base Compensation; Current Term. The Company shall compensate Executive for his services hereunder during the Current Term at a rate of $243,000 300,000 per annum, or such amount as the Board may from time to time determine ("Base Compensation"), payable in installments on the Company’s regular payroll dates for salaried executives. The Base Compensation rate shall be reviewed annually and may be increased or decreased, from time to time, provided, however, that Base Compensation shall only be decreased by the Board on a good faith basis and with reasonable justification for the same, and provided further, that in the event of a Change in Control, Base Compensation shall not at any time thereafter be decreased.

Appears in 1 contract

Samples: Executive Employment Agreement (Chesapeake Utilities Corp)

Base Compensation; Current Term. The Company shall compensate Executive for his or her services hereunder during the Current Term at a rate of $243,000 _310,000.00 per annum, or such amount as the Board may from time to time determine ("Base Compensation"), payable in installments on the Company’s regular payroll dates for salaried executives. The Base Compensation rate shall be reviewed annually and may be increased or decreased, from time to time, provided, however, that Base Compensation shall only be decreased by the Board on a good faith basis and with reasonable justification for the same, and provided further, that in the event of a Change in Control, Base Compensation shall not at any time thereafter be decreased.

Appears in 1 contract

Samples: Executive Employment Agreement (Chesapeake Utilities Corp)

Base Compensation; Current Term. The Company shall compensate Executive for his services hereunder during the Current Term at a rate of $243,000 270,890 per annum, or such amount as the Board may from time to time determine ("Base Compensation"), payable in installments on the Company’s regular payroll dates for salaried executives. The Base Compensation rate shall be reviewed annually and may be increased or decreased, from time to time, provided, however, that Base Compensation shall only be decreased by the Board on a good faith basis and with reasonable justification for the same, and provided further, that in the event of a Change in Control, Base Compensation shall not be decreased.

Appears in 1 contract

Samples: Executive Employment Agreement (Chesapeake Utilities Corp)

Base Compensation; Current Term. The Company shall compensate Executive for his her services hereunder during the Current Term at a rate of $243,000 185,400 per annum, or such amount as the Board may from time to time determine ("Base Compensation"), payable in installments on the Company’s regular payroll dates for salaried executives. The Base Compensation rate shall be reviewed annually and may be increased or decreased, from time to time, provided, however, that Base Compensation shall only be decreased by the Board on a good faith basis and with reasonable justification for the same, and provided further, that in the event of a Change in Control, Base Compensation shall not be decreased.

Appears in 1 contract

Samples: Executive Employment Agreement (Chesapeake Utilities Corp)

Base Compensation; Current Term. The Company shall compensate Executive for his services hereunder during the Current Term at a rate of $243,000 282,000 per annum, or such amount as the Board may from time to time determine ("Base Compensation"), payable in installments on the Company’s regular payroll dates for salaried executives. The Base Compensation rate shall be reviewed annually and may be increased or decreased, from time to time, provided, however, that Base Compensation shall only be decreased by the Board on a good faith basis and with reasonable justification for the same, and provided further, that in the event of a Change in Control, Base Compensation shall not at any time thereafter be decreased.

Appears in 1 contract

Samples: Executive Employment Agreement (Chesapeake Utilities Corp)

Base Compensation; Current Term. The Company shall compensate Executive for his services hereunder during the Current Term at a rate of $243,000 283,250 per annum, or such amount as the Board may from time to time determine ("Base Compensation"), payable in installments on the Company’s regular payroll dates for salaried executives. The Base Compensation rate shall be reviewed annually and may be increased or decreased, from time to time, provided, however, that Base Compensation shall only be decreased by the Board on a good faith basis and with reasonable justification for the same, and provided further, that in the event of a Change in Control, Base Compensation shall not be decreased.

Appears in 1 contract

Samples: Executive Employment Agreement (Chesapeake Utilities Corp)

Base Compensation; Current Term. The Company shall compensate Executive for his services hereunder during the Current Term at a rate of $243,000 135,000 per annum, or such amount as the Board may from time to time determine ("Base Compensation"), payable in installments on the Company’s regular payroll dates for salaried executives. The Base Compensation rate shall be reviewed annually and may be increased or decreased, from time to time, provided, however, that Base Compensation shall only be decreased by the Board on a good faith basis and with reasonable justification for the same, and provided further, that in the event of a Change in Control, Base Compensation shall not be decreased.

Appears in 1 contract

Samples: Executive Employment Agreement (Chesapeake Utilities Corp)

Base Compensation; Current Term. The Company shall compensate Executive for his her services hereunder during the Current Term at a rate of $243,000 274,300 per annum, or such amount as the Board may from time to time determine ("Base Compensation"), payable in installments on the Company’s regular payroll dates for salaried executives. The Base Compensation rate shall be reviewed annually and may be increased or decreased, from time to time, provided, however, that Base Compensation shall only be decreased by the Board on a good faith basis and with reasonable justification for the same, and provided further, that in the event of a Change in Control, Base Compensation shall not at any time thereafter be decreased.

Appears in 1 contract

Samples: Executive Employment Agreement (Chesapeake Utilities Corp)

Base Compensation; Current Term. The Company shall compensate Executive for his services hereunder during the Current Term at a rate of $243,000 275,000 per annum, or such amount as the Board may from time to time determine ("Base Compensation"), payable in installments on the Company’s regular payroll dates for salaried executives. The Base Compensation rate shall be reviewed annually and may be increased or decreased, from time to time, provided, however, that Base Compensation shall only be decreased by the Board on a good faith basis and with reasonable justification for the same, and provided further, that in the event of a Change in Control, Base Compensation shall not at any time thereafter be decreased.

Appears in 1 contract

Samples: Executive Employment Agreement (Chesapeake Utilities Corp)

Base Compensation; Current Term. The Company shall compensate Executive for his services hereunder during the Current Term at a rate of $243,000 300,000 per annum, or such amount as the Board may from time to time determine ("Base Compensation"), payable in installments on the Company’s regular payroll dates for salaried executives. The Base Compensation rate shall be reviewed annually and may be increased or decreased, from time to time, provided, however, that Base Compensation shall only be decreased by the Board on a good faith basis and with reasonable justification for the same, and provided further, that in the event of a Change in Control, Base Compensation shall not at any time thereafter be decreased.. Exhibit 10.24

Appears in 1 contract

Samples: Executive Employment Agreement (Chesapeake Utilities Corp)

Base Compensation; Current Term. The Company shall compensate Executive for his or her services hereunder during the Current Term at a rate of $243,000 _360,000.00 per annum, or such amount as the Board may from time to time determine ("Base Compensation"), payable in installments on the Company’s regular payroll dates for salaried executives. The Base Compensation rate shall be reviewed annually and may be increased or decreased, from time to time, provided, however, that Base Compensation shall only be decreased by the Board on a good faith basis and with reasonable justification for the same, and provided further, that in the event of a Change in Control, Base Compensation shall not at any time thereafter be decreased.

Appears in 1 contract

Samples: Executive Employment Agreement (Chesapeake Utilities Corp)

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Base Compensation; Current Term. The Company shall compensate Executive for his services hereunder during the Current Term at a rate of $243,000 250,000 per annum, or such amount as the Board may from time to time determine ("Base Compensation"), payable in installments on the Company’s regular payroll dates for salaried executives. The Base Compensation rate shall be reviewed annually and may be increased or decreased, from time to time, provided, however, that Base Compensation shall only be decreased by the Board on a good faith basis and with reasonable justification for the same, and provided further, that in the event of a Change in Control, Base Compensation shall not at any time thereafter be decreased.

Appears in 1 contract

Samples: Executive Employment Agreement (Chesapeake Utilities Corp)

Base Compensation; Current Term. The Company shall compensate Executive for his services hereunder during the Current Term at a rate of $243,000 350,000 per annum, or such amount as the Board may from time to time determine ("Base Compensation"), payable in installments on the Company’s regular payroll dates for salaried executives. The Base Compensation rate shall be reviewed annually and may be increased or decreased, from time to time, provided, however, that Base Compensation shall only be decreased by the Board on a good faith basis and with reasonable justification for the same, and provided further, that in the event of a Change in Control, Base Compensation shall not at any time thereafter be decreased.

Appears in 1 contract

Samples: Executive Employment Agreement (Chesapeake Utilities Corp)

Base Compensation; Current Term. The Company shall compensate Executive for his her services hereunder during the Current Term at a rate of $243,000 185,000 per annum, or such amount as the Board may from time to time determine ("Base Compensation"), payable in installments on the Company’s regular payroll dates for salaried executives. The Base Compensation rate shall be reviewed annually and may be increased or decreased, from time to time, provided, however, that Base Compensation shall only be decreased by the Board on a good faith basis and with reasonable justification for the same, and provided further, that in the event of a Change in Control, Base Compensation shall not be decreased.

Appears in 1 contract

Samples: Executive Employment Agreement (Chesapeake Utilities Corp)

Base Compensation; Current Term. The Company shall compensate Executive for his or her services hereunder during the Current Term at a rate of $243,000 _720,000.00 per annum, or such amount as the Board may from time to time determine ("Base Compensation"), payable in installments on the Company’s regular payroll dates for salaried executives. The Base Compensation rate shall be reviewed annually and may be increased or decreased, from time to time, provided, however, that Base Compensation shall only be decreased by the Board on a good faith basis and with reasonable justification for the same, and provided further, that in the event of a Change in Control, Base Compensation shall not at any time thereafter be decreased.

Appears in 1 contract

Samples: Executive Employment Agreement (Chesapeake Utilities Corp)

Base Compensation; Current Term. The Company shall compensate Executive for his services hereunder during the Current Term at a rate of $243,000 600,000 per annum, or such amount as the Board may from time to time determine ("Base Compensation"), payable in installments on the Company’s regular payroll dates for salaried executives. The Base Compensation rate shall be reviewed annually and may be increased or decreased, from time to time, provided, however, that Base Compensation shall only be decreased by the Board on a good faith basis and with reasonable justification for the same, and provided further, that in the event of a Change in Control, Base Compensation shall not at any time thereafter be decreased.

Appears in 1 contract

Samples: Executive Employment Agreement (Chesapeake Utilities Corp)

Base Compensation; Current Term. The Company shall compensate Executive for his her services hereunder during the Current Term at a rate of $243,000 130,000 per annum, or such amount as the Board may from time to time determine ("Base Compensation"), payable in installments on the Company’s regular payroll dates for salaried executives. The Base Compensation rate shall be reviewed annually and may be increased or decreased, from time to time, provided, however, that Base Compensation shall only be decreased by the Board on a good faith basis and with reasonable justification for the same, and provided further, that in the event of a Change in Control, Base Compensation shall not be decreased.

Appears in 1 contract

Samples: Executive Employment Agreement (Chesapeake Utilities Corp)

Base Compensation; Current Term. The Company shall compensate Executive for his services hereunder during the Current Term at a rate of $243,000 401,700 per annum, or such amount as the Board may from time to time determine ("Base Compensation"), payable in installments on the Company’s regular payroll dates for salaried executives. The Base Compensation rate shall be reviewed annually and may be increased or decreased, from time to time, provided, however, that Base Compensation shall only be decreased by the Board on a good faith basis and with reasonable justification for the same, and provided further, that in the event of a Change in Control, Base Compensation shall not be decreased.

Appears in 1 contract

Samples: Executive Employment Agreement (Chesapeake Utilities Corp)

Base Compensation; Current Term. The Company shall compensate Executive for his her services hereunder during the Current Term at a rate of $243,000 224,100 per annum, or such amount as the Board may from time to time determine ("Base Compensation"), payable in installments on the Company’s regular payroll dates for salaried executives. The Base Compensation rate shall be reviewed annually and may be increased or decreased, from time to time, provided, however, that Base Compensation shall only be decreased by the Board on a good faith basis and with reasonable justification for the same, and provided further, that in the event of a Change in Control, Base Compensation shall not at any time thereafter be decreased.

Appears in 1 contract

Samples: Executive Employment Agreement (Chesapeake Utilities Corp)

Base Compensation; Current Term. The Company shall compensate Executive for his services hereunder during the Current Term at a rate of $243,000 160,000 per annum, or such amount as the Board may from time to time determine ("Base Compensation"), payable in installments on the Company’s regular payroll dates for salaried executives. The Base Compensation rate shall be reviewed annually and may be increased or decreased, from time to time, provided, however, that Base Compensation shall only be decreased by the Board on a good faith basis and with reasonable justification for the same, and provided further, that in the event of a Change in Control, Base Compensation shall not be decreased.

Appears in 1 contract

Samples: Executive Employment Agreement (Chesapeake Utilities Corp)

Base Compensation; Current Term. The Company shall compensate Executive for his services hereunder during the Current Term at a rate of $243,000 250,000 per annum, or such amount as the Board may from time to time determine ("Base Compensation"), payable in installments on the Company’s regular payroll dates for salaried executives. The Base Compensation rate shall be reviewed annually and may be increased or decreased, from time to time, provided, however, that Base Compensation shall only be decreased by the Board on a good faith basis and with reasonable justification for the same, and provided further, that in the event of a Change in Control, Base Compensation shall not be decreased.

Appears in 1 contract

Samples: Executive Employment Agreement (Chesapeake Utilities Corp)

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