Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 per annum, payable in cash not less frequently than monthly. Additionally, the Board shall review, not less often than annually, the rate of the Executive’s salary and may decide to further increase his salary.
Appears in 7 contracts
Samples: Employment Agreement (Newtek Business Services, Inc.), Employment Agreement (Newtek Business Services, Inc.), Employment Agreement (Newtek Business Services, Inc.)
Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 350,000 per annum, payable in cash not less frequently than monthly. Additionally, the Board shall review, not less often than annually, the rate of the Executive’s salary and may decide to further increase his salary.
Appears in 4 contracts
Samples: Employment Agreement (Newtek Business Services, Inc.), Employment Agreement (Newtek Business Services Inc), Employment Agreement (Newtek Business Services Inc)
Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 $285,000 per annum, payable in cash not less frequently than monthly. Additionally, the Board shall review, not less often than annually, the rate of the Executive’s salary and may decide to further increase his salary.
Appears in 4 contracts
Samples: Employment Agreement (Newtek Business Services Inc), Employment Agreement (Newtek Business Services Inc), Employment Agreement (Newtek Business Services Inc)
Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 240,000 per annum, payable in cash not less frequently than monthly. Additionally, the Board shall review, not less often than annually, the rate of the Executive’s salary and may decide to further increase his salary.
Appears in 4 contracts
Samples: Employment Agreement (Newtek Business Services Inc), Employment Agreement (Newtek Business Services Inc), Employment Agreement (Newtek Business Services Inc)
Base Compensation. The Company agrees shall pay to pay the Executive during a base salary ("BASE COMPENSATION") of $120,000 per annum from the term date of this Agreement a salary at the rate of $ 276,000 per annumAgreement, payable in cash not less frequently than monthlyaccordance with the Company's customary practices for its senior executive officers. Additionally, The amount of Base Compensation shall be reviewed by the Board shall reviewon at least an annual basis, not less often than annually, the rate of the Executive’s salary and may decide be increased to further increase his salaryreflect inflation or such other adjustments as the Board may deem appropriate; PROVIDED, HOWEVER, that Base Compensation, as increased, may not be decreased.
Appears in 4 contracts
Samples: Employment Agreement (Scheid Vineyards Inc), Employment Agreement (Scheid Vineyards Inc), Employment Agreement (Scheid Vineyards Inc)
Base Compensation. The Company Employer agrees to pay the Executive during the term of this Agreement a base salary at the rate of $ 276,000 [$_______] per annum, payable in cash not less frequently than monthly. Additionallyaccordance with the customary payroll practices of the Employer; provided, however, that the rate of Executive’s base salary shall be reviewed by the Board shall review, of Directors not less often than annually, and Executive shall be entitled to receive annual increases at such percentage or in such an amount as the rate Board of the Executive’s salary and Directors, in its sole discretion, may decide to further increase his salarydecide.
Appears in 3 contracts
Samples: Three Year Employment Agreement (Standard Financial Corp.), Two Year Employment Agreement (Standard Financial Corp.), Two Year Employment Agreement (Standard Financial Corp.)
Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 $285,000 per annum, payable in cash not less frequently than monthly. Additionally, the Board shall review, not less often than annually, the rate of the Executive’s 's salary and may decide to further increase his salary.
Appears in 3 contracts
Samples: Employment Agreement (Newtek Business Services Inc), Employment Agreement (Newtek Business Services Inc), Employment Agreement (Newtek Business Services Inc)
Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 $350,000 per annum, payable in cash not less frequently than monthly. Additionally, the Board shall review, not less often than annually, the rate of the Executive’s salary and may decide to further increase his salary.
Appears in 3 contracts
Samples: Employment Agreement (Newtek Business Services Inc), Employment Agreement (Newtek Business Services Inc), Employment Agreement (Newtek Business Services Inc)
Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 $300,000 per annum, payable in cash not less frequently than monthly. On each annual anniversary date of the Effective Date, the Executive's annual salary shall automatically be increased 10 percent. Additionally, the Board shall review, not less often than annually, the rate of the Executive’s 's salary and may decide to further increase his salary.
Appears in 3 contracts
Samples: Employment Agreement (Newtek Capital Inc), Employment Agreement (Newtek Capital Inc), Employment Agreement (Newtek Capital Inc)
Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 240,000 per annum, payable in cash not less frequently than monthly. Additionally, the Board shall review, not less often than annually, the rate of the Executive’s salary and may decide to further increase his her salary.
Appears in 3 contracts
Samples: Employment Agreement (Newtek Business Services, Inc.), Employment Agreement (Newtek Business Services, Inc.), Employment Agreement (Newtek Business Services, Inc.)
Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 $250,000 per annum, payable in cash not less frequently than monthly. Additionally, the Board shall review, not less often than annually, the rate of the Executive’s salary and may decide to further increase his salary.
Appears in 2 contracts
Samples: Employment Agreement (Newtek Business Services Inc), Merger Agreement (Newtek Capital Inc)
Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 400,000 per annum, payable in cash not less frequently than monthly. Additionally, the Board shall review, not less often than annually, the rate of the Executive’s salary and may decide to further increase his salary.
Appears in 2 contracts
Samples: Employment Agreement (Newtek Business Services, Inc.), Employment Agreement (Newtek Business Services, Inc.)
Base Compensation. The Company Employer agrees to pay the Executive during the term of this Agreement a base salary at the rate of $ 276,000 [$___] per annum, payable in cash not less frequently than monthly. Additionallyaccordance with the customary payroll practices of the Employer; provided, however, that the rate of Executive’s base salary shall be reviewed by the Board shall review, of Directors not less often than annually, and Executive shall be entitled to receive annual increases at such percentage or in such an amount as the rate Board of the Executive’s salary and Directors, in its sole discretion, may decide to further increase his salarydecide.
Appears in 2 contracts
Samples: Two Year Employment Agreement (Standard Financial Corp.), Three Year Employment Agreement (Standard Financial Corp.)
Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 275,000 per annum, payable in cash not less frequently than monthly. Additionally, the Board shall review, not less often than annually, the rate of the Executive’s salary and may decide to further increase his her salary.
Appears in 1 contract
Samples: Employment Agreement (Newtek Business Services Corp.)
Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 $500,000 per annum, payable in cash not less frequently than monthly. Additionally, the Board shall review, not less often than annually, the rate of the Executive’s salary and may decide to further increase his salary.
Appears in 1 contract
Samples: Employment Agreement (Newtek Business Services Corp.)
Base Compensation. a. The Company agrees to pay the Executive during the term of this Agreement a base salary at the rate of $ 276,000 $138,000 per annumyear, payable in cash not less frequently than monthly. Additionallyaccordance with customary payroll practices.
b. Each year, the Board shall review, not less often than annually, will review the rate level of the Executive’s salary and may decide base salary, based upon factors they deem relevant, in order to further determine whether to maintain or increase his base salary.
Appears in 1 contract
Samples: Employment Agreement (Northeast Community Bancorp Inc)
Base Compensation. The Commencing on the Effective Date of this ----------------- Agreement, the Company agrees to shall pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 $95,000 per annum, payable in cash not less frequently than monthly. Additionally, The CEO in conjunction with the Compensation Committee of the Board shall review, not less often than annually, the rate of the Executive’s salary 's salary, and in its sole discretion may decide to further increase his salary.
Appears in 1 contract
Base Compensation. The Company agrees to pay the Executive during the term of this Agreement (as hereinafter defined in Section 7) a base salary at the rate of $ 276,000 $125,580 per annum, payable in cash not less frequently than monthly. Additionallyaccordance with the customary payroll practices of the Company; provided, however, that the rate of Executive’s base salary shall be reviewed by the Board shall review, of Directors not less often than annually, and Executive shall be entitled to receive annual increases at such percentage or in such an amount as the rate Board of the Executive’s salary and Directors, in its sole discretion, may decide to further increase his salarydecide.
Appears in 1 contract
Base Compensation. The Commencing on the Effective Date of this ----------------- Agreement, the Company agrees to shall pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 $97,000 per annum, payable in cash not less frequently than monthly. Additionally, the The Board shall review, not less often than annually, the rate of the Executive’s salary 's salary, and in its sole discretion may decide to further increase his salary.
Appears in 1 contract
Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ $276,000 per annum, payable in cash not less frequently than monthly. Additionally, the Board shall review, not less often than annually, the rate of the Executive’s salary and may decide to further increase his salary.
4. Section 5 is hereby amended and restated in its entirety to provide for an extension of the Term to June 30, 2008 to read as follows:
Appears in 1 contract
Samples: Employment Agreement (Newtek Business Services Inc)
Base Compensation. The Company agrees to pay the Executive during the term Term of this Agreement a salary at the rate of $ 276,000 $275,000.00 per annum, payable in cash not less frequently than monthlymonthly in accordance with the Company’s normal payroll practices. Additionally, the Board shall review, not less often than annually, the rate of the The Executive’s salary and may decide shall be subject to further increase his salaryannual review by the Compensation Committee of the Company.
Appears in 1 contract
Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 250,000 per annum, payable in cash not less frequently than monthly. Additionally, the Chief Executive Officer and the Board shall review, not less often than annually, the rate of the Executive’s salary and may decide to further increase his salary.
Appears in 1 contract
Samples: Employment Agreement (Newtek Business Services Corp.)
Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 144,000 per annum, payable in cash not less frequently than monthly. Additionally, the Board shall review, not less often than annually, the rate of the Executive’s salary and may decide to further increase his salary.
Appears in 1 contract
Samples: Employment Agreement (Newtek Business Services Corp.)
Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 $200,000 per annum, payable in cash not less frequently than monthly. Additionally, the Board shall review, not less often than annually, the rate of the Executive’s salary and may decide to further increase his salary.
Appears in 1 contract
Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 200,000 per annum, payable in cash not less frequently than monthly. Additionally, the Chief Executive Officer and the Board shall review, not less often than annually, the rate of the Executive’s salary and may decide to further increase his salary.
Appears in 1 contract
Samples: Employment Agreement (Newtek Business Services Corp.)
Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 $240,000 per annum, payable in cash not less frequently than monthly. Additionally, the Board shall review, not less often than annually, the rate of the Executive’s salary and may decide to further increase his salary.
Appears in 1 contract
Samples: Employment Agreement (Newtek Business Services Inc)
Base Compensation. The Commencing on the Effective Date of this Agreement, the Company agrees to shall pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 $143,000 per annum, payable in cash not less frequently than monthly. Additionally, the The Board shall review, not less often than annually, the rate of the Executive’s salary 's salary, and in its sole discretion may decide to further increase amend his salary.
Appears in 1 contract
Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 $600,000 per annum, payable in cash not less frequently than monthly. Additionally, the Board shall review, not less often than annually, the rate of the Executive’s salary and may decide to further increase his salary.
Appears in 1 contract
Samples: Employment Agreement (Newtek Business Services Corp.)
Base Compensation. The Company agrees to pay the Executive during During the term of this Agreement Agreement, the Company shall pay to Executive a base annual salary at the rate of $ 276,000 per annum[Amount] ($__), payable in cash not less frequently than monthlyequal semi-monthly installments in accordance with the Company's payroll schedule. AdditionallyDuring the term of this Agreement, Executive shall be eligible for annual salary and merit increases in his base salary as determined in the Board shall review, not less often than annually, the rate sole discretion of the Executive’s salary and may decide to further increase his salaryCompany's Board of Directors.
Appears in 1 contract
Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 225,000 per annum, payable in cash not less frequently than monthly. Additionally, the Board shall review, not less often than annually, the rate of the Executive’s salary and may decide to further increase his salary.
Appears in 1 contract
Samples: Employment Agreement (Newtek Business Services Corp.)
Base Compensation. The Company agrees to pay the Executive during During the term of this Agreement Agreement, the Company shall pay Executive a base salary at the an annual rate of $ 276,000 per annum, payable in cash not less frequently than $400,000 in approximately equal installments payable semi-monthly. AdditionallyThe Company shall annually review Executive's base salary and he shall be eligible for an increase in such then existing base salary, contingent on his performance and the Company's then existing merit increase guidelines applicable to employees with responsibilities and skills similar to those of Executive. During the term hereof, the Board Company shall review, not less often than annually, have the rate ability to decrease the then existing base salary of the Executive’s salary and may decide to further increase Executive without his salaryconsent.
Appears in 1 contract
Samples: Employment Agreement (Alexander & Alexander Services Inc)
Base Compensation. The Company agrees to pay the Executive during the term Term of this Agreement (as hereinafter defined in Section 7) a base salary at the rate of $ 276,000 $801,954 per annum, payable in cash not less frequently than monthly. Additionallyaccordance with the customary payroll practices of the Company; provided, however, that the rate of Executive's base salary shall be reviewed by the Board shall review, of Directors not less often than annually, and Executive shall be entitled to receive annual increases at such percentage or in such an amount as the rate Board of the Executive’s salary and Directors, in its sole discretion, may decide to further increase his salarydecide.
Appears in 1 contract
Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 260,000 per annum, payable in cash not less frequently than monthly. Additionally, the Board shall review, not less often than annually, the rate of the Executive’s salary and may decide to further increase his her salary.
Appears in 1 contract
Samples: Employment Agreement (Newtek Business Services Corp.)
Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 200,000 per annum, payable in cash not less frequently than monthly. Additionally, the Board shall review, not less often than annually, the rate of the Executive’s salary and may decide to further increase his salary.
Appears in 1 contract
Samples: Employment Agreement (Newtek Business Services, Inc.)
Base Compensation. The Company agrees to pay the Executive during the term Term of this Agreement (as hereinafter defined in Section 7) a base salary at the rate of $ 276,000 per annum, payable in cash not less frequently than monthly. Additionallyaccordance with the customary payroll practices of the Company; provided, however, that the rate of Executive’s base salary shall be reviewed by the Board shall review, of Directors not less often than annually, and Executive shall be entitled to receive annual increases at such percentage or in such an amount as the rate Board of the Executive’s salary and Directors, in its sole discretion, may decide to further increase his salarydecide.
Appears in 1 contract