Base Fees. The Company shall pay Employee Base Fees (the “Base Fees”) equal to $180,000 per year. Payment shall be made monthly, on the last day of each calendar month. The Employee will be entitled to increases in Base Fees subject to the following provisions:
Appears in 2 contracts
Samples: Employment Agreement (Torchlight Energy Resources Inc), Employment Agreement (Torchlight Energy Resources Inc)
Base Fees. The Company shall pay Employee Base Fees (the “Base Fees”) equal to $180,000 300,000 per year, effective January 1, 2014. Payment shall be made monthly, on the last day of each calendar month. The Employee will be entitled to increases in Base Fees subject to the following provisions:.
Appears in 2 contracts
Samples: Employment Agreement (Torchlight Energy Resources Inc), Employment Agreement (Torchlight Energy Resources Inc)
Base Fees. The Company shall pay Employee Base Fees (the “Base Fees”) equal to $180,000 120,000 per year. Payment shall be made monthly, on the last day of each calendar month. The Employee will be entitled to increases in Base Fees subject to the following provisions:
Appears in 1 contract
Samples: Employment Agreement (Torchlight Energy Resources Inc)
Base Fees. The Company shall pay Employee Base Fees (the “Base Fees”) equal to $180,000 per year, effective January 1, 2014. Payment shall be made monthly, on the last day of each calendar month. The Employee will be entitled to increases in Base Fees subject to the following provisions:.
Appears in 1 contract
Samples: Employment Agreement (Torchlight Energy Resources Inc)
