Base Salary and Compensation Sample Clauses

Base Salary and Compensation. (a) Upon the execution and in consideration of the execution hereof, the Executive will receive of subject to vesting as provided herein, unregistered shares of the Company Common Stock (the “Shares”) The Shares will be issued vest in accordance with the revenue milestones and vesting schedule over 24 months as set forth on Schedule A hereto. At the end of such 24-month period any unvested and unearned shares shall automatically revert to the Company. (b) The Company shall pay Executive a base salary (the “Base Salary”) at the annual rate of $120,000 (U.S.) payable at such times as the Company customarily pays its other senior level executives (but in any event no less often than monthly). The Base Salary shall be subject to all state, federal, and local payroll tax withholding and any other withholdings required by law. The Executive’s Base Salary may be increased but not decreased by the Compensation Committee of the Board of Directors (the “Compensation Committee”). Once increased, such increased amount shall constitute the Executive’s Base Salary.
Sample 1
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Base Salary and Compensation. During the Term, the Company shall pay to Executive a salary at the gross rate of (the Indian Rupees (“INR”) equivalent of) twenty-two thousand eighty three U.S. dollars (US$22,083) per month. The INR equivalent shall be determined each calendar year as per the prevailing USD to INR conversion rate as the first day of such calendar year. As soon as reasonably practicable following such determination, the Company will duly inform Executive of the relevant USD to INR conversion rate being considered in the respective Financial Year(s) for the purposes of determining Executive’s Base Salary and Compensation (each as defined below). Executive’s base salary shall be subject to adjustment, as determined by the Board, in its sole discretion and in consultation with NextNav. Executive’s base salary, as may be in effect from time to time, is referred to herein as “Base Salary.” The Base Salary shall be payable as earned in accordance with the Company’s regular payroll schedule for salaried employees as in effect from time to time. Together with the Base Salary, the Executive shall be entitled to such other statutory benefits and emoluments as prescribed under applicable laws and applicable to the Executive (including such statutory benefits and emoluments pursuant to the Executive’s continued employment with the Company, collectively, the “Compensation”).
Sample 1
Base Salary and Compensation. Akam’s base monthly salary for the Initial Term shall be ONE HUNDRED FIFTY THOUSAND AND NO/100 ($150,000.00) DOLLARS payable as follows: 1) For the first (1st) six (6) pay periods – FOUR THOUSAND AND NO/100 ($4,000.00) DOLLARS paid on a bi-weekly basis ; and, 2) For the next twenty (20) pay periods, unless ameneded by mutual agreement – SIX THOUSAND THREE AND NO/100 ($6,300.00) DOLLARS paid on a bi-weekly basis. Thereafter yearly salary shall be paid in equal installments based upon the bi-weekly pay period schedule.
Sample 1
Base Salary and Compensation. (a) Upon the execution hereof and in consideration of the execution hereof, the Executive will receive (i) within 5 days of the execution hereof, a cash payment of $100,000, which payment will not serve to diminish any other compensation the Executive is or may become entitled to hereunder and (ii) 50,000 newly issued and unregistered shares of the Company’s Common Stock, subject to an 18-month vesting schedule. (b) The Company shall pay Executive a base salary (the "Base Salary") at the annual rate of $285,000 (U.S.) payable at such times as the Company customarily pays its other senior level executives (but in any event no less often than monthly). The Base Salary shall be subject to all state, federal, and local payroll tax withholding and any other withholdings required by law. The Executive’s Base Salary may be increased by the Compensation Committee of the Board of Directors (the “Compensation Committee”). Once increased, such increased amount shall constitute the Executive’s Base Salary.
Sample 1
Base Salary and Compensation. (a) Upon the execution hereof and in consideration of the execution hereof, the Executive will receive 200,000 newly issued and unregistered shares of the Company’s Common Stock. (b) The Company shall pay Executive a base salary (the "Base Salary") at the annual rate of $199,500 (U.S.) payable at such times as the Company customarily pays its other senior level executives (but in any event no less often than monthly). The Base Salary shall be subject to all state, federal, and local payroll tax withholding and any other withholdings required by law. The Executive’s Base Salary may be increased by the Compensation Committee of the Board of Directors (the “Compensation Committee”). Once increased, such increased amount shall constitute the Executive’s Base Salary.
Sample 1
Base Salary and Compensation. (a) Upon the execution hereof and in consideration of the execution hereof, the Executive will receive (i) within 5 days of the execution hereof, a cash payment of $100,000, which payment will not serve to diminish any other compensation the Executive is or may become entitled to hereunder and (ii) 50,000 newly issued and unregistered shares of the Company’s Common Stock. (b) The Company shall pay Executive a base salary (the "Base Salary") at the annual rate of $275,000 (U.S.) payable at such times as the Company customarily pays its other senior level executives (but in any event no less often than monthly). The Base Salary shall be subject to all state, federal, and local payroll tax withholding and any other withholdings required by law. The Executive’s Base Salary may be increased by the Compensation Committee of the Board of the Directors (the “Compensation Committee”). Once increased, such increased amount shall constitute the Executive’s Base Salary.
Sample 1
Base Salary and Compensation 
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Related to Base Salary and Compensation

  • Base Salary and Bonus As compensation for the Executive's services under this Agreement, the Executive shall receive and the Company shall pay a weekly base salary set forth on Exhibit A. Such base salary may be increased but not decreased during the Term or Renewal Period in the Company's discretion based upon the Executive's performance and any other factors the Company deems relevant. Such base salary shall be payable in accordance with the policy then prevailing for the Company's executives. In addition to such base salary, the Executive shall be entitled during the Term or Renewal Period to a performance bonus set forth on Exhibit A and to participate in and receive payments from, at the Company's election, other bonus and other incentive compensation plans, if any, as may be adopted by the Company.

  • Base Compensation The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $76,000 per annum, payable in cash not less frequently than monthly; provided, that the rate of such salary shall be reviewed by the Board of Directors of the Bank not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the Board of Directors in its sole discretion may decide.

  • Salary and Bonus Awards of stock, stock options, and stock appreciation rights. Use the dollar amount recognized for financial statement reporting purposes with respect to the fiscal year in accordance with the Statement of Financial Accounting Standards No. 123 (Revised 2004) (FAS 123R), Shared Based Payments.

  • Base Salary The Company shall pay to the Executive an annual base salary of $200,000, payable on a monthly basis commencing on the Effective Date (as the same may be adjusted herein, the “Base Salary”). The Base Salary shall be paid in accordance with the Company’s payroll policies.

  • Base Salary and Benefits (a) During the Employment Period, the Company shall pay Executive an annual base salary of $535,600 (the “Base Salary”). As used herein, references to “Base Salary” shall include all subsequent increases in annual base salary during the Employment Period. The Base Salary shall be payable in regular installments in accordance with the Company’s general payroll practices (as in effect from time to time). (b) In addition to the Base Salary, during the Employment Period, Executive will be eligible to earn an annual bonus under a bonus plan to be established by the Company, payable in accordance with the Company’s customary practices, as determined by the Board, in its sole discretion based upon the Company’s achievement of budgetary and other objectives set by the Board; provided that, in determining the amount of the annual bonus, if any, to be paid to Executive, the Board shall, in determining whether the Company has achieved the budgetary and other goals set by the Board, disregard any payments by the Company and its subsidiaries to Onex (as defined below) and affiliates. (c) During the Employment Period, Executive shall be entitled to participate in all of the Company’s employee benefit programs for which senior executives of the Company and its subsidiaries are generally eligible. Without duplication of any employee benefits provided to all senior executives of the Company and its subsidiaries, the Company shall reimburse Executive for the annual premium cost of $1 million of term life insurance coverage purchased by Executive on his life, up to a maximum of Eleven Thousand Dollars ($11,000) per year. (d) During the Employment Period, the Company shall (without duplication of any employee benefits provided to Executive pursuant to other provisions of this Agreement) reimburse Executive for all reasonable business expenses incurred by him in the course of performing his duties and responsibilities under this Agreement which are consistent with the Company’s policies in effect from time to time with respect to travel, entertainment and other business expenses, subject to the Company’s requirements with respect to reporting and documentation of such expenses. (e) All amounts payable or otherwise provided to Executive pursuant to this Agreement shall be subject to all applicable withholding and deduction obligations.

  • Annual Bonus Compensation Executive shall be eligible to receive a bonus each Contract Year (“Annual Bonus”) as the Compensation Committee of the Board of Directors shall determine. Executive’s Annual Bonus shall be determined in accordance with the Company’s executive compensation policies as in effect from time to time during the Term and shall be based, in part, on his achieving his individual performance goals for the year and, in part, on the Company’s achieving its performance goals for the year.

  • Bonus Compensation During the term hereof, the Executive shall participate in the Company’s Senior Executive Annual Incentive Plan, as it may be amended from time to time pursuant to the terms thereof (the “Plan,” a current copy of which is attached hereto as Exhibit A) and shall be eligible for a bonus award thereunder (the “Bonus”). For purposes of the Plan, the Executive shall be eligible for a Bonus, and the Executive’s specified percentage (the “Specified Percentage”) for such Bonus shall initially be fifty percent (50%) of Base Salary and shall thereafter be established annually by the Board of Directors (the “Board”) or, if the Board delegates the Specified Percentage determination process to a Committee of the Board, by such Committee. In the event the Board or Committee does not approve the Executive’s Specified Percentage within 90 days of the beginning of a fiscal year, such Specified Percentage shall be the same as the immediately preceding year. Whenever any Bonus payable to the Executive is stated in this Agreement to be prorated for any period of service less than a full year, such Bonus shall be prorated by multiplying (x) the amount of the Bonus otherwise earned and payable for the applicable fiscal year in accordance with this Sub-Section 4.2 by (y) a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the applicable fiscal year for which the Executive was employed by the Company. Executive agrees and understands that any prorated Bonus payments will be made only after determination of the achievement of the applicable Performance Measures (as defined in the Plan) in accordance with the terms of the Plan. Any compensation paid to the Executive as Bonus shall be in addition to the Base Salary.

  • Salary Compensation As salary compensation for Employee's services hereunder and all the rights granted hereunder by Employee to the Company, the Company shall pay Employee a gross salary of not less than $175,000 during the term of this Agreement. Employee's salary shall be payable in bi-weekly increments in accordance with the Company's payroll practices for salaried employees, upon the condition that Employee fully and faithfully performs Employee's services hereunder in accordance with the terms and conditions of this Agreement. The Company shall deduct and withhold from the compensation payable to Employee hereunder any and all amounts required to be deducted or withheld by the Company under the provisions of any statute, regulation, ordinance, or order and any and all amendments hereinafter enacted requiring the withholding or deducting from compensation payable to employees.

  • Annual Salary Executive's compensation shall consist of an annual base salary (the "Annual Salary") of one hundred fifty thousand dollars ($150,000), before all customary payroll deductions. The Annual Salary shall be reviewed, and shall be subject to change, by the Board of Directors of Employer (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.

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