Common use of Base Pay Clause in Contracts

Base Pay. You shall be paid an annual salary (“Base Pay”) of Three Hundred Sixty Thousand and No/100 Dollars ($360,000), which shall be payable in equal periodic installments according to the Corporation’s customary payroll practices, but no less frequently than monthly, and subject to such withholdings and deductions as required by law. Your Base Pay shall be reviewed annually by the Board of Directors, and any change in Base Pay approved by the Board shall become effective January 1 of the year for which it is approved.

Appears in 1 contract

Samples: Executive Employment Agreement (Otter Tail Corp)

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Base Pay. You shall be paid an annual salary ("Base Pay") of Three Hundred Sixty Thousand and No/100 Dollars ($360,000)180,000, which shall be payable in equal periodic installments according to the Corporation’s 's customary payroll practices, but no less frequently than monthly, and subject to such withholdings and deductions as required by law. Your Base Pay shall be reviewed annually in April of each year by the Board of Directors, and any change in Base Pay approved by the Board shall become effective January April 1 of the year for in which it is approved.

Appears in 1 contract

Samples: Executive Employment Agreement (Otter Tail Corp)

Base Pay. You shall be paid an annual salary (“Base Pay”) of Three Hundred Sixty Thousand and No/100 Dollars ($360,000), 340,000. which shall be payable in equal periodic installments according to the Corporation’s 's customary payroll practices, but no less frequently than monthly, and subject to such withholdings and deductions as required by law. Your Base Pay shall be reviewed annually in April of each year by the Board of Directors, and any change in Base Pay approved by the Board shall become effective January April 1 of the year for in which it is approved.

Appears in 1 contract

Samples: Executive Employment Agreement (Otter Tail Corp)

Base Pay. You shall be paid an annual salary ("Base Pay") of Three Hundred Sixty Thousand and No/100 Dollars ($360,000)[$ ], which shall be payable in equal periodic installments according to the Corporation’s 's customary payroll practices, but no less frequently than monthly, and subject to such withholdings and deductions as required by law. Your Base Pay shall be reviewed annually in April of each year by the Board of Directors, and any change in Base Pay approved by the Board shall become effective January April 1 of the year for in which it is approved.

Appears in 1 contract

Samples: Executive Employment Agreement (Otter Tail Corp)

Base Pay. You shall be paid an annual salary ("Base Pay") of Three Hundred Sixty Thousand and No/100 Dollars ($360,000)200,000, which shall be payable in equal periodic installments according to the Corporation’s 's customary payroll practices, but no less frequently than monthly, and subject to such withholdings and deductions as required by law. Your Base Pay shall be reviewed annually in April of each year by the Board of Directors, and any change in Base Pay approved by the Board shall become effective January April 1 of the year for in which it is approved.

Appears in 1 contract

Samples: Executive Employment Agreement (Otter Tail Corp)

Base Pay. You shall be paid an annual salary (“Base Pay”) of Three Hundred Sixty Thousand and No/100 Dollars ($360,000)390,000, which shall be payable in equal periodic installments according to the Corporation’s 's customary payroll practices, but no less frequently than monthly, and subject to such withholdings and deductions as required by law. Your Base Pay shall be reviewed annually in April of each year by the Board of Directors, and any change in Base Pay approved by the Board shall become effective January April 1 of the year for in which it is approved.

Appears in 1 contract

Samples: Executive Employment Agreement (Otter Tail Corp)

Base Pay. You shall be paid an annual salary (“Base Pay”) of Three Hundred Sixty Ninety-Four Thousand and No/100 Dollars ($360,000), 394,000) which shall be payable in equal periodic installments according to the Corporation’s customary payroll practices, but no less frequently than monthly, and subject to such withholdings and deductions as required by law. Your Base Pay shall be reviewed annually by the Board of Directors, and any change in Base Pay approved by the Board shall become effective January 1 of the year for which it is approved.

Appears in 1 contract

Samples: Executive Employment Agreement (Otter Tail Corp)

Base Pay. You shall be paid an annual salary (“Base Pay”) of Three Hundred Sixty Thousand and No/100 Dollars ($360,000), which shall be payable in equal periodic installments according to the Corporation’s 's customary payroll practices, but no less frequently than monthly, and subject to such withholdings and deductions as required by law. Your Base Pay shall be reviewed annually in April of each year by the Board of Directors, and any change in Base Pay approved by the Board shall become effective January April 1 of the year for in which it is approved.

Appears in 1 contract

Samples: Executive Employment Agreement (Otter Tail Corp)

Base Pay. You shall be paid an annual salary (“Base Pay”) of Three Hundred Sixty Thousand and No/100 Dollars ($360,000)200,000, which shall be payable in equal periodic installments according to the Corporation’s 's customary payroll practices, but no less frequently than monthly, and subject to such withholdings and deductions as required by law. Your Base Pay shall be reviewed annually in April of each year by the Board of Directors, and any change in Base Pay approved by the Board shall become effective January April 1 of the year for in which it is approved.

Appears in 1 contract

Samples: Executive Employment Agreement (Otter Tail Corp)

Base Pay. You shall be paid an annual salary (“Base Pay”) of Three Hundred Sixty Thousand and No/100 Dollars ($360,000), ) which shall be payable in equal periodic installments according to the Corporation’s customary payroll practices, but no less frequently than monthly, and subject to such withholdings and deductions as required by law. Your Base Pay shall be reviewed annually by the Board of Directors, and any change in Base Pay approved by the Board shall become effective January 1 of the year for which it is approved.

Appears in 1 contract

Samples: Executive Employment Agreement (Otter Tail Corp)

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Base Pay. You shall be paid an annual salary ("Base Pay") of Three Hundred Sixty Thousand and No/100 Dollars ($360,000)272,000, which shall be payable in equal periodic installments according to the Corporation’s 's customary payroll practices, but no less frequently than monthly, and subject to such withholdings and deductions as required by law. Your Base Pay shall be reviewed annually in April of each year by the Board of Directors, and any change in Base Pay approved by the Board shall become effective January April 1 of the year for in which it is approved.

Appears in 1 contract

Samples: Executive Employment Agreement (Otter Tail Corp)

Base Pay. You shall be paid an annual salary (“Base Pay”) of Three Hundred Sixty Thousand and No/100 Dollars ($360,000)490,000, which shall be payable in equal periodic installments according to the Corporation’s 's customary payroll practices, but no less frequently than monthly, and subject to such withholdings and deductions as required by law. Your Base Pay shall be reviewed annually in April of each year by the Board of Directors, and any change in Base Pay approved by the Board shall become effective January April 1 of the year for in which it is approved.

Appears in 1 contract

Samples: Executive Employment Agreement (Otter Tail Corp)

Base Pay. You shall be paid an annual salary (“Base Pay”) of Three Hundred Sixty Eighty-One Thousand and No/100 Dollars ($360,000), 381,000) which shall be payable in equal periodic installments according to the Corporation’s customary payroll practices, but no less frequently than monthly, and subject to such withholdings and deductions as required by law. Your Base Pay shall be reviewed annually by the Board of Directors, and any change in Base Pay approved by the Board shall become effective January 1 of the year for which it is approved.

Appears in 1 contract

Samples: Executive Employment Agreement (Otter Tail Corp)

Base Pay. You shall be paid an annual salary (“Base Pay”) of Three Hundred Sixty Thousand and No/100 Dollars ($360,000)337,000, which shall be payable in equal periodic installments according to the Corporation’s 's customary payroll practices, but no less frequently than monthly, and subject to such withholdings and deductions as required by law. Your Base Pay shall be reviewed annually in April of each year by the Board of Directors, and any change in Base Pay approved by the Board shall become effective January April 1 of the year for in which it is approved.

Appears in 1 contract

Samples: Executive Employment Agreement (Otter Tail Corp)

Base Pay. You shall be paid an annual salary (“Base Pay”) of Three Hundred Sixty Thousand and No/100 Dollars ($360,000)287,000, which shall be payable in equal periodic installments according to the Corporation’s 's customary payroll practices, but no less frequently than monthly, and subject to such withholdings and deductions as required by law. Your Base Pay shall be reviewed annually in April of each year by the Board of Directors, and any change in Base Pay approved by the Board shall become effective January April 1 of the year for in which it is approved.

Appears in 1 contract

Samples: Executive Employment Agreement (Otter Tail Corp)

Base Pay. You shall be paid an annual salary ("Base Pay") of Three Hundred Sixty Thousand and No/100 Dollars ($360,000)224,000, which shall be payable in equal periodic installments according to the Corporation’s 's customary payroll practices, but no less frequently than monthly, and subject to such withholdings and deductions as required by law. Your Base Pay shall be reviewed annually in April of each year by the Board of Directors, and any change in Base Pay approved by the Board shall become effective January April 1 of the year for in which it is approved.

Appears in 1 contract

Samples: Executive Employment Agreement (Otter Tail Corp)

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