Base Pay. The Company shall pay Employee an annual salary (the “Base Pay”) of $400,000 which shall be payable in accordance with the Company’s regular payroll practices as in effect from time to time, and less any amounts required to be withheld under applicable state and Federal tax and other related laws and regulations. The Base Pay is subject to the Company’s annual review practices; provided, Employee’s Base Pay may be increased by the Company, but in no event will Employee’s Base Pay be reduced below $400,000 (same as above).
Appears in 4 contracts
Samples: Employment Agreement, Employment Agreement (Freds Inc), Employment Agreement (Freds Inc)
Base Pay. The Company shall pay Employee an annual salary (the “Base Pay”) of $400,000 325,000 which shall be payable in accordance with the Company’s regular payroll practices as in effect from time to time, and less any amounts required to be withheld under applicable state and Federal tax and other related laws and regulations. The Base Pay is subject to the Company’s annual review practices; provided, Employee’s Base Pay may be increased by the Company, but in no event will Employee’s Base Pay be reduced below $400,000 325,000 (same as above).
Appears in 2 contracts
Samples: Employment Agreement (Freds Inc), Employment Agreement (Freds Inc)
Base Pay. The Company shall will pay Employee you an annual annualized base salary of $685,000.00 (as adjusted from time to time, the “Base Pay”) of $400,000 which ). All wages shall be payable paid to you in accordance with the Company’s regular payroll practices as in effect practices, which are subject to change from time to time. Base Pay and performance will be reviewed annually, and less any amounts required to Base Pay increase shall be withheld under applicable state and Federal tax and other related laws and regulationswithin the sole discretion of the Company. The terms and conditions of this Agreement and all related schedules will continue to apply notwithstanding any Base Pay is subject to the Company’s annual review practices; provided, Employee’s Base Pay may be increased by the Company, but in no event will Employee’s Base Pay be reduced below $400,000 (same as above)increase.
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