Common use of Base Composition Clause in Contracts

Base Composition. Executive will be compensated at a base salary ---------------- rate of $400,000 per year (or such higher rate as may be set from time to time by the Board of Directors in its discretion) during the employment term. Base compensation will be paid in installments on the same schedule as the Company's Subsidiaries generally pay their employees. All compensation and benefits will be subject to reduction by all federal, state, local and other withholdings and similar taxes and payments required by applicable law.

Appears in 3 contracts

Samples: Employment Agreement (Advanstar Inc), Employment Agreement (Advanstar Inc), Employment Agreement (Applied Business Telecommunications)

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Base Composition. Executive will be compensated at a base salary ---------------- rate of $400,000 310,000.00 per year (or such higher rate as may be set from time to time by the Board of Directors Chief Executive Officer in its his discretion) during the employment term. Base compensation will be paid in installments on the same schedule as the Company's Subsidiaries generally pay their employees. All compensation and benefits will be subject to reduction by all federal, state, local and other withholdings and similar taxes and payments required by applicable law.

Appears in 2 contracts

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

Base Composition. Executive will be compensated at a base salary ---------------- rate of $400,000 300,000 per year (or such higher rate as may be set from time to time by the Board of Directors in its discretion) during the employment term. Base compensation will be paid in installments on the same schedule as the Company's Subsidiaries generally pay their employees. All compensation and benefits will be subject to reduction by all federal, state, local and other withholdings and similar taxes and payments required by applicable law.

Appears in 1 contract

Samples: Employment Agreement (Applied Business Telecommunications)

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Base Composition. Executive will be compensated at a base salary rate ---------------- rate of $400,000 500,000 per year (or such higher rate as may be set from time to time by the Board of Directors in its discretion) during the employment term. Base compensation will be paid in installments on the same schedule as the Company's Subsidiaries generally pay their employees. All compensation and benefits will be subject to reduction by all federal, state, local and other withholdings and similar taxes and payments required by applicable law.

Appears in 1 contract

Samples: Employment Agreement (Advanstar Inc)

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