Common use of Base Compensation Clause in Contracts

Base Compensation. The Executive shall be paid an aggregate base salary (the "Base Salary") at the rate of $125,000 per annum, less statutory deductions and withholdings. The Base Salary shall be payable in a manner consistent with the normal payroll practices of the Company as in effect from time to time. The Base Salary shall be reviewed annually by the Compensation Committee of the Board (the "Committee").

Appears in 3 contracts

Samples: Employment Agreement (Headwaters Inc), Employment Agreement (Headwaters Inc), Employment Agreement (Isg Resources Inc)

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Base Compensation. The During the Employment Period, the Company shall pay to the Executive shall be paid an aggregate a base salary (the "Base Salary") at the rate of no less than $125,000 410,251 per annum, less statutory deductions and withholdings. The Base Salary shall be payable in a manner consistent with the normal payroll practices of the Company as in effect from time to timeyear. The Base Salary shall be reviewed annually for increase by the Compensation Committee Company no less frequently than annually and shall be increased in the discretion of the Board (Company and any such adjusted Base Salary shall constitute “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the "Committee")Company’s regular payroll procedures.

Appears in 3 contracts

Samples: Employment Agreement (Biomet Leasing, Inc.), Employment Agreement (Biomet Inc), Employment Agreement (Implant Innovations Holdings, LLC)

Base Compensation. The As compensation for his services to be rendered hereunder, the Company shall pay to Executive shall be paid an aggregate a base salary (the "Base Salary") at the rate of $125,000 265,000 per annumannum until March 1, less statutory deductions 2007 and withholdings. The thereafter at the rate of $300,000 per annum (as applicable, the “Base Salary Salary”), which shall be payable in a manner consistent periodic installments in accordance with the normal standard payroll practices of the Company as in effect from time to time. The During the Term, Executive’s Base Salary shall be reviewed at least annually by the Compensation Committee of Company and may be increased (but not decreased) from time to time as shall be determined by the Board (the "Committee")Company.

Appears in 2 contracts

Samples: Employment Agreement (GFI Group Inc.), Employment Agreement (GFI Group Inc.)

Base Compensation. The During the Term, the Company shall pay Executive shall be paid an aggregate annual base salary (the "Base Salary") at the rate of Three Hundred Seventy-Five Thousand Dollars ($125,000 per annum375,000), less statutory deductions and withholdings. The Base Salary shall be payable in a manner consistent regular installments in accordance with the normal payroll practices of the Company as in effect from time to timeCompany’s usual payment practices. The Base Salary shall be reviewed annually by the Board of Directors’ Compensation Committee of the Board (the "“Compensation Committee")”) during the Term.

Appears in 2 contracts

Samples: Executive Employment Agreement (Avid Technology Inc), Executive Employment Agreement (Avid Technology, Inc.)

Base Compensation. The During the Employment Period, the Company shall pay to the Executive shall be paid an aggregate a base salary (the "Base Salary") at the rate of no less than $125,000 650,000 per annum, less statutory deductions and withholdings. The Base Salary shall be payable in a manner consistent with the normal payroll practices of the Company as in effect from time to timeyear. The Base Salary shall be reviewed annually for increase by the Compensation Committee Company no less frequently than annually and shall be increased in the discretion of the Board (Company and any such adjusted Base Salary shall constitute “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the "Committee")Company’s regular payroll procedures.

Appears in 2 contracts

Samples: Employment Agreement (Biomet Inc), Employment Agreement (Biomet Inc)

Base Compensation. The Company shall pay the Executive shall be paid an aggregate a base salary (the "Base Salary") at the rate of $125,000 234,000 per annum, less statutory deductions and subject to applicable withholdings. The Base Salary shall be payable in a manner consistent with according to the normal customary payroll practices of the Company as but in effect from time to timeno event less frequently than once each month. The Base Salary shall be reviewed annually and shall be subject to increase according to the policies and practices adopted by the Compensation Committee Board of the Board (the "Committee")Directors from time to time.

Appears in 2 contracts

Samples: Employment Agreement (Response Oncology Inc), Employment Agreement (Response Oncology Inc)

Base Compensation. The During the Term, the Company shall pay Executive shall be paid an aggregate annual base salary (the "Base Salary") at the rate of Three Hundred Sixty-Nine Thousand Three Hundred Dollars ($125,000 per annum369,300), less statutory deductions and withholdings. The Base Salary shall be payable in a manner consistent regular installments in accordance with the normal payroll practices of the Company as in effect from time to timeCompany’s usual payment practices. The Base Salary shall be reviewed annually by the Compensation Committee of the Board (the "“Compensation Committee")”) during the Term.

Appears in 1 contract

Samples: Executive Employment Agreement (Avid Technology, Inc.)

Base Compensation. The During the Employment Period, the Company shall pay to the Executive shall be paid an aggregate a base salary (the "Base Salary") at the rate of no less than $125,000 736,396 per annum, less statutory deductions and withholdings. The Base Salary shall be payable in a manner consistent with the normal payroll practices of the Company as in effect from time to timeyear. The Base Salary shall be reviewed annually for increase by the Compensation Committee Company no less frequently than annually and shall be increased in the discretion of the Board (Company and any such adjusted Base Salary shall constitute “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the "Committee")Company’s regular payroll procedures.

Appears in 1 contract

Samples: Employment Agreement (LVB Acquisition, Inc.)

Base Compensation. The Beginning on the Effective Date, the Executive ----------------- shall be paid an aggregate a base salary (the "Base SalaryCompensation") at the rate of $125,000 per annum350,000 annually, less statutory deductions and withholdingspayable semi-monthly. The Base Salary Compensation shall be payable subject to review annually for increases by the Board of Directors in a manner consistent its discretion in connection with the normal payroll practices annual review of salary and benefits for the Company as in effect from time to time. The Base Salary shall be reviewed annually by the Compensation Committee of the Board (the "Committee")Company's management.

Appears in 1 contract

Samples: Employment Agreement (Diva Systems Corp)

Base Compensation. The Company shall pay the Executive shall be paid an aggregate a base salary (the "Base Salary") calculated at the an annual rate of $125,000 per annum, less statutory deductions and withholdings350,000. The Base Salary shall may be payable increased in a manner consistent with the normal payroll practices of the Company as in effect from time to time. The Base Salary shall be reviewed annually by the Compensation Committee discretion of the Board (during the "Committee")Employment Term and, as so increased, shall not be decreased and shall constitute “Base Salary” hereunder.

Appears in 1 contract

Samples: Executive Employment Agreement (Lapolla Industries Inc)

Base Compensation. The During the Term, the Company shall pay Executive shall be paid an aggregate annual base salary (the "Base Salary") at the rate of Nine Hundred Thousand Dollars ($125,000 per annum900,000), less statutory deductions and withholdings. The Base Salary shall be payable in a manner consistent regular installments in accordance with the normal payroll practices of the Company as in effect from time to timeCompany's usual payment practices. The Base Salary shall be reviewed annually by the Board of Directors' Compensation Committee during the Term and increased (but not decreased) accordingly at the discretion of the Board (the "Compensation Committee"). As of January 1, 2010, Executive's Base Salary is $936,000.

Appears in 1 contract

Samples: Executive Employment Agreement (Avid Technology, Inc.)

Base Compensation. The Company shall pay the Executive shall be paid an aggregate a base salary (the "Base Salary") at the rate of $125,000 226,750 per annum, less statutory deductions and subject to applicable withholdings. The Base Salary shall be payable in a manner consistent with according to the normal customary payroll practices of the Company as but in effect from time to timeno event less frequently than once each month. The Base Salary shall be reviewed annually and shall be subject to increase according to the policies and practices adopted by the Compensation Committee Board of the Board (the "Committee")Directors from time to time.

Appears in 1 contract

Samples: Employment Agreement (Response Oncology Inc)

Base Compensation. The As compensation for services rendered during the Term, the Company shall pay to the Executive shall be paid an aggregate a base salary (the "Base Salary") at initially equal to $762,000 subject to increase from time to time by the rate of $125,000 per annum, Board. The Board shall review the Executive's annual Base Salary no less statutory deductions and withholdingsfrequently than annually to determine whether any such increase should be made. The Base Salary shall be payable in a manner consistent accordance with the normal payroll practices policies of the Company as in effect from time to time. The Base Salary time in effect, less such amounts as shall be reviewed annually required to be deducted or withheld therefrom by the Compensation Committee of the Board (the "Committee")applicable law and regulations.

Appears in 1 contract

Samples: Employment Agreement (Corporate Realty Consultants Inc)

Base Compensation. The During the Employment Period, the Company shall pay to the Executive shall be paid an aggregate as base salary (the "Base Salary") at the rate of no less than $125,000 290,000 per annum, less statutory deductions and withholdings. The Base Salary shall be payable in a manner consistent with the normal payroll practices of the Company as in effect from time to timeyear. The Base Salary shall be reviewed annually for increase by the Compensation Committee Company no less frequently than annually and shall be increased in the discretion of the Board (Company and any such adjusted Base Salary shall constitute “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the "Committee")Company’s regular payroll procedures.

Appears in 1 contract

Samples: Employment Agreement (Biomet Inc)

Base Compensation. The During the Term, the Company shall pay Executive shall be paid an aggregate annual base salary (the "Base Salary") at the rate of Three Hundred Fifteen Thousand Dollars ($125,000 per annum315,000), less statutory deductions and withholdings. The Base Salary shall be payable in a manner consistent regular installments in accordance with the normal payroll practices of the Company as in effect from time to timeCompany’s usual payment practices. The Base Salary shall be reviewed annually by the Compensation Committee of Chief Executive Officer during the Board (the "Committee")Term.

Appears in 1 contract

Samples: Executive Employment Agreement (Avid Technology Inc)

Base Compensation. The During the Term, the Company shall pay Executive shall be paid an aggregate annual base salary (the "Base Salary") at the rate of Three Hundred Seventy-Five Thousand Dollars ($125,000 per annum375,000), less statutory deductions and withholdings. The Base Salary shall be payable in a manner consistent regular installments in accordance with the normal payroll practices of the Company as in effect from time to timeCompany’s usual payment practices. The Base Salary shall be reviewed annually by the Compensation Committee of Chief Executive Officer during the Board (the "Committee")Term.

Appears in 1 contract

Samples: Executive Employment Agreement (Avid Technology Inc)

Base Compensation. The During the Employment Period, the Company shall pay to the Executive shall be paid an aggregate a base salary (the "Base Salary") at the rate of no less than $125,000 390,000 per annum, less statutory deductions and withholdings. The Base Salary shall be payable in a manner consistent with the normal payroll practices of the Company as in effect from time to timeyear. The Base Salary shall be reviewed annually for increase by the Compensation Committee Company no less frequently than annually and shall be increased in the discretion of the Board (Company and any such adjusted Base Salary shall constitute “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the "Committee")Company’s regular payroll procedures.

Appears in 1 contract

Samples: Employment Agreement (Biomet Inc)

Base Compensation. The During the Term, the Company shall pay Executive shall be paid an aggregate annual base salary (the "Base Salary") at the rate of Nine Hundred Thousand Dollars ($125,000 per annum900,000), less statutory deductions and withholdings. The Base Salary shall be payable in a manner consistent regular installments in accordance with the normal payroll practices of the Company as in effect from time to timeCompany’s usual payment practices. The Base Salary shall be reviewed annually by the Board of Directors’ Compensation Committee during the Term and increased (but not decreased) accordingly at the discretion of the Board (the "Compensation Committee"). As of January 1, 2010, Executive’s Base Salary is $936,000.

Appears in 1 contract

Samples: Employment Agreement (Avid Technology, Inc.)

Base Compensation. The Company shall pay the Executive shall be paid an aggregate a base salary (the "Base Salary") at the rate of $125,000 115,000 per annum, less statutory deductions and subject to applicable withholdings. The Base Salary shall be payable in a manner consistent with according to the normal customary payroll practices of the Company as but in effect from time to timeno event less frequently than once each month. The Base Salary shall be reviewed annually and shall be subject to increase according to the policies and practices adopted by the Compensation Committee Board of the Board (the "Committee")Directors from time to time.

Appears in 1 contract

Samples: Employment Agreement (Response Oncology Inc)

Base Compensation. The Company shall pay the Executive shall be paid an aggregate a base salary (the "Base Salary") at the rate of $125,000 185,000 per annum, less statutory deductions and subject to applicable withholdings. The Base Salary shall be payable in a manner consistent with according to the normal customary payroll practices of the Company as but in effect from time to timeno event less frequently than once each month. The Base Salary shall be reviewed annually and shall be subject to increase according to the policies and practices adopted by the Compensation Committee Board of the Board (the "Committee")Directors from time to time.

Appears in 1 contract

Samples: Employment Agreement (Response Oncology Inc)

Base Compensation. The During the Employment Period, the Company shall pay to the Executive shall be paid an aggregate a base salary (the "Base Salary") at the rate of no less than $125,000 800,000 per annum, less statutory deductions and withholdings. The Base Salary shall be payable in a manner consistent with the normal payroll practices of the Company as in effect from time to timeyear. The Base Salary shall be reviewed annually for increase by the Compensation Committee Company no less frequently than annually and shall be increased in the discretion of the Board (Company and any such adjusted Base Salary shall constitute “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the "Committee")Company’s regular payroll procedures.

Appears in 1 contract

Samples: Employment Agreement (Immucor Inc)

Base Compensation. The Commencing on the Effective Date, the Executive shall be paid an aggregate a base salary (the "Base Salary") at the rate of $125,000 300,000 per annum. The Base Salary shall be reviewed annually by the Board or the Compensation Committee of the Board, less statutory deductions and withholdingsmay be increased in their sole discretion. The Base Salary shall be payable in a manner consistent with the normal payroll practices of the Company as in effect or as established from time to time. The Base Salary shall be reviewed annually by the Compensation Committee of the Board (the "Committee").

Appears in 1 contract

Samples: Employment Agreement (National Auto Finance Co Inc)

Base Compensation. The During the Employment Period, the Company shall pay to the Executive shall be paid an aggregate a base salary (the "Base Salary") at the rate of no less than $125,000 375,024 per annum, less statutory deductions and withholdings. The Base Salary shall be payable in a manner consistent with the normal payroll practices of the Company as in effect from time to timeyear. The Base Salary shall be reviewed annually for increase by the Compensation Committee Company no less frequently than annually and shall be increased in the discretion of the Board (Company and any such adjusted Base Salary shall constitute “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the "Committee")Company’s regular payroll procedures.

Appears in 1 contract

Samples: Employment Agreement (Biomet Inc)

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Base Compensation. The During the Employment Period, the Company shall pay to the Executive shall be paid an aggregate as base salary (the "Base Salary") at the rate of $125,000 no less than $ per annum, less statutory deductions and withholdings. The Base Salary shall be payable in a manner consistent with the normal payroll practices of the Company as in effect from time to timeyear. The Base Salary shall be reviewed annually for increase by the Compensation Committee Company no less frequently than annually and shall be increased in the discretion of the Board (Company and any such adjusted Base Salary shall constitute “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the "Committee")Company’s regular payroll procedures.

Appears in 1 contract

Samples: Employment Agreement (LVB Acquisition, Inc.)

Base Compensation. The During the Employment Period, the Company shall pay to the Executive shall be paid an aggregate a base salary (the "Base Salary") at the rate of no less than $125,000 298,710 per annum, less statutory deductions and withholdings. The Base Salary shall be payable in a manner consistent with the normal payroll practices of the Company as in effect from time to timeyear. The Base Salary shall be reviewed annually for increase by the Compensation Committee Company no less frequently than annually and shall be increased in the discretion of the Board (Company and any such adjusted Base Salary shall constitute “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the "Committee")Company’s regular payroll procedures.

Appears in 1 contract

Samples: Employment Agreement (Biomet Inc)

Base Compensation. The Ascent shall pay the Executive shall be paid an aggregate a base salary (the "Base Salary") at the rate of $125,000 150,000 per annumyear during the Employment Period with payments made in installments in accordance with Ascent's regular practice for compensating executive personnel, provided that in no event shall such payments be made less statutory deductions and withholdingsfrequently than twice per month. The Base Salary shall be payable in a manner consistent with for the normal payroll practices of the Company as in effect from time to time. The Base Salary Executive shall be reviewed annually each year during the Employment Period commencing the second year of the Employment Period. Any Base Salary increases shall be approved by the Compensation Committee of the Board (the "Committee")in its sole discretion.

Appears in 1 contract

Samples: Employment Agreement (Ascent Entertainment Group Inc)

Base Compensation. The During the Term, the Company shall pay Executive shall be paid an aggregate annual base salary (the "Base Salary") at the rate of Four Hundred and Twenty Five Thousand Dollars ($125,000 per annum425,000), less statutory deductions and withholdings. The Base Salary shall be payable in a manner consistent regular installments in accordance with the normal payroll practices of the Company as in effect from time to timeCompany's usual payment practices. The Base Salary shall be reviewed annually by the Compensation Committee (the “Compensation Committee”) of the Company’s Board of Directors (the "Board”) at least annually and increased (but not decreased) accordingly at the discretion of the Compensation Committee").

Appears in 1 contract

Samples: Executive Employment Agreement (Avid Technology, Inc.)

Base Compensation. The During the Employment Period, the Company shall pay to the Executive shall be paid an aggregate a base salary (the "Base Salary") at the rate of no less than $125,000 395,850 per annum, less statutory deductions and withholdings. The Base Salary shall be payable in a manner consistent with the normal payroll practices of the Company as in effect from time to timeyear. The Base Salary shall be reviewed annually for increase by the Compensation Committee Company no less frequently than annually and shall be increased in the discretion of the Board (Company and any such adjusted Base Salary shall constitute “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the "Committee")Company’s regular payroll procedures.

Appears in 1 contract

Samples: Employment Agreement (Biomet Inc)

Base Compensation. The Executive Company shall pay or cause to be paid to the Executive, commencing as of the Effective Date and during the Term of the Executive’s employment, an aggregate annual base salary (the "Base Salary") in respect of each calendar year at the rate of not less than $125,000 366,000 per annum, less statutory deductions and withholdings. The Company may increase, but not decrease, such annual salary at any time and from time to time during the Term of the Executive’s employment. Base Salary shall be payable in a manner consistent with according to the normal customary payroll practices of the Company as Company, subject to normal withholding, but in effect from time to time. The Base Salary shall be reviewed annually by the Compensation Committee of the Board (the "Committee")no event less frequently than once each month.

Appears in 1 contract

Samples: Employment Agreement (Health Grades Inc)

Base Compensation. The During the Term, the Company shall pay Executive shall be paid an aggregate annual base salary (the "Base Salary") at the rate of Three Hundred Twenty-Five Thousand Dollars ($125,000 per annum325,000), less statutory deductions and withholdings. The Base Salary shall be payable in a manner consistent regular installments in accordance with the normal payroll practices of the Company as in effect from time to timeCompany’s usual payment practices. The Base Salary shall be reviewed annually by the Chief Executive Officer (or if required by applicable laws, rules or regulations, the Compensation Committee of the Board (the "“Compensation Committee"), during the Term.

Appears in 1 contract

Samples: Executive Employment Agreement (Avid Technology, Inc.)

Base Compensation. The During the Employment Period, the Company shall pay to the Executive shall be paid an aggregate as base salary (the "Base Salary") at the rate of no less than $125,000 310,000 per annum, less statutory deductions and withholdings. The Base Salary shall be payable in a manner consistent with the normal payroll practices of the Company as in effect from time to timeyear. The Base Salary shall be reviewed annually for increase by the Compensation Committee Company no less frequently than annually and shall be increased in the discretion of the Board (Company and any such adjusted Base Salary shall constitute “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the "Committee")Company’s regular payroll procedures.

Appears in 1 contract

Samples: Employment Agreement (Biomet Inc)

Base Compensation. The During the Employment Period, the Company shall pay to the Executive shall be paid an aggregate a base salary (the "Base Salary") at the rate of no less than $125,000 275,000 per annum, less statutory deductions and withholdings. The Base Salary shall be payable in a manner consistent with the normal payroll practices of the Company as in effect from time to timeyear. The Base Salary shall be reviewed annually for increase by the Compensation Committee Company no less frequently than annually and shall be increased in the discretion of the Board (Company and any such adjusted Base Salary shall constitute “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the "Committee")Company’s regular payroll procedures.

Appears in 1 contract

Samples: Employment Agreement (LVB Acquisition, Inc.)

Base Compensation. The During the Term, the Company shall pay Executive shall be paid an aggregate annual base salary (the "Base Salary") at the rate of Four Hundred and Twenty Five Thousand Dollars ($125,000 per annum425,000), less statutory deductions and withholdings. The Base Salary shall be payable in a manner consistent regular installments in accordance with the normal payroll practices of the Company as in effect from time to timeCompany's usual payment practices. The Base Salary shall be reviewed annually by the Compensation Committee (the “Compensation Committee”) of the Company’s Board of Directors (the "Board”) at least annually and increased (but not decreased) accordingly at the discretion of the Compensation Committee"). 3.2.

Appears in 1 contract

Samples: Executive Employment Agreement

Base Compensation. The During the Term, the Company shall pay Executive shall be paid an aggregate annual base salary (the "Base Salary") at the rate of Two Hundred Seventy Five Thousand Dollars ($125,000 per annum275,000), less statutory deductions and withholdings. The Base Salary shall be payable in a manner consistent regular installments in accordance with the normal payroll practices of the Company as in effect from time to timeCompany’s usual payment practices. The Base Salary shall be reviewed annually by the Compensation Committee of Chief Executive Officer during the Board (the "Committee")Term.

Appears in 1 contract

Samples: Executive Employment Agreement (Avid Technology Inc)

Base Compensation. The Company shall pay the Executive shall be paid an aggregate a base salary (the "Base Salary") at the rate of $125,000 600,000 per annum, less statutory deductions and subject to applicable withholdings. The Base Salary shall be payable in a manner consistent with equal semi-monthly payments according to the normal customary payroll practices of the Company as in effect from time to timeCompany. The Base Salary shall be reviewed annually and shall be subject to increase according to the policies and practices adopted by the Compensation Committee Board of the Board (the "Committee")Directors from time to time.

Appears in 1 contract

Samples: Employment Agreement (Coventry Health Care Inc)

Base Compensation. The Ascent shall pay the Executive shall be paid an aggregate a base salary (the "Base Salary") at the rate of $125,000 250,000 per annumyear during the Employment Period with payments made in installments in accordance with Ascent's regular practice for compensating executive personnel, provided that in no event shall such payments be made less statutory deductions and withholdingsfrequently than twice per month. The Base Salary shall be payable in a manner consistent with for the normal payroll practices of the Company as in effect from time to time. The Base Salary Executive shall be reviewed annually each year during the Employment Period commencing the second year of the Employment Period. Any Base Salary increases shall be approved by the Compensation Committee of the Board (the "Committee")in its sole discretion.

Appears in 1 contract

Samples: Employment Agreement (Ascent Entertainment Group Inc)

Base Compensation. The During the Term, the Company shall pay Executive shall be paid an aggregate annual base salary (the "Base Salary") at the rate of Three Hundred Twenty-Five Thousand Dollars ($125,000 per annum325,000), less statutory deductions and withholdings. The Base Salary shall be payable in a manner consistent regular installments in accordance with the normal payroll practices of the Company as in effect from time to timeCompany's usual payment practices. The Base Salary shall be reviewed annually by the Chief Executive Officer (or if required by applicable laws, rules or regulations, the Compensation Committee of the Board (the "Compensation Committee"), during the Term.

Appears in 1 contract

Samples: Executive Employment Agreement (Avid Technology, Inc.)

Base Compensation. The During the Employment Period, the Company shall pay to the Executive shall be paid an aggregate a base salary (the "Base Salary") at the rate of no less than $125,000 397,722 per annum, less statutory deductions and withholdings. The Base Salary shall be payable in a manner consistent with the normal payroll practices of the Company as in effect from time to timeyear. The Base Salary shall be reviewed annually for increase by the Compensation Committee Company no less frequently than annually and shall be increased in the discretion of the Board (Company and any such adjusted Base Salary shall constitute “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the "Committee")Company’s regular payroll procedures.

Appears in 1 contract

Samples: Employment Agreement (Biomet Inc)

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