Base Salary and Expenses. As compensation for Key Employee's services, Employer shall pay to Key Employee during the Employment Period a salary (the "Base Salary") at the annual rate of $275,000 for FY '98. Any salary increases for future fiscal years will be determined by the Board of Directors of Employer or an appropriate committee thereof (the "Board") in its discretion based upon the recommendation of the Chief Executive Officer. Base salary will be 2 payable in arrears, in equal bi-weekly installments or at such other interval as the Board or applicable Employer policies shall direct. Employer shall reimburse Key Employee for all reasonable out-of-pocket expenses incurred by Key Employee on Employer's behalf during the Employment Period and approved by the Supervisor or such other officer as the Supervisor or applicable Employer policies shall direct.
Base Salary and Expenses. As compensation for Employee's services, Employer shall pay to Employee during the Employment Period a salary (the "Base Salary") at the annual rate of $200,000 for FY `98. Any salary increases for future fiscal years will be determined by the Board of Directors of Employer or an appropriate committee thereof (the "Board") in its discretion based upon the recommendation of Employer's chief executive officer (the "Chief Executive Officer"). Base salary will be payable in arrears, in equal bi-weekly installments or at such other interval as the Board or applicable Employer policies shall direct. Employer shall reimburse Employee for all reasonable out-of-pocket expenses incurred by Employee on Employer's behalf during the Employment Period and approved by the Supervisor or such other officer as the Supervisor or applicable Employer policies shall direct.
Base Salary and Expenses. 3.1.1 During the Employment Period, Bandwidth will pay to Executive a salary at the initial rate of $278,100.00 per annum (the "Base Salary"). The Base Salary will be earned and paid in equal installments, semi-monthly, or at such other interval as the Bandwidth’s Board of Directors (the “Board”) or Compensation Committee of the Board (the “Compensation Committee”) directs, but no less often than once each month. At the beginning of each year during the Employment Period, the Chief Executive Officer will in good faith review the Base Salary and recommend to the Board and/or Compensation Committee any changes for determination by the Board and/or the Compensation Committee. Bandwidth shall be entitled to withhold, or cause to be withheld, any amount of federal, state, city or other withholding taxes or other amounts either required by law or authorized by Executive with respect to payments made to Executive in connection with her employment hereunder.
3.1.2 Bandwidth will reimburse Executive for all reasonable out-of-pocket business expenses incurred by Executive on Bandwidth's behalf during the Employment Period, so long as such expenses are reimbursable under Bandwidth’s policies in effect from time to time. At Executive's request, expenses will be advanced before an expenditure is incurred, or they will be paid by Bandwidth directly to third parties from which goods or services are being obtained.
Base Salary and Expenses. 3.1.1 During the Employment Period, Bandwidth will pay to Executive a salary at the initial rate of $400,000 per annum (the "Base Salary"). The Base Salary will be earned and paid in equal installments, semi-monthly, or at such other interval as the Bandwidth’s Board of Directors (the “Board”) or Compensation Committee of the Board (the “Compensation Committee”) directs, but no less often than once each month. At the beginning of each year during the Employment Period, the Chief Executive Officer will in good faith review the Base Salary and recommend to the Board and/or Compensation Committee any increases (but not decreases) for determination by the Board and/or the Compensation Committee. Bandwidth shall be entitled to withhold, or cause to be withheld, any amount of federal, state, city or other withholding taxes or other amounts either required by law or authorized by Executive with respect to payments made to Executive in connection with his employment hereunder.
3.1.2 Bandwidth will reimburse Executive for all reasonable out-of-pocket business expenses incurred by Executive on Bandwidth's behalf during the Employment Period, so long as such expenses are reimbursable under Bandwidth’s policies in effect from time to time. At Executive's request, expenses will be advanced before an expenditure is incurred, or they will be paid by Bandwidth directly to third parties from which goods or services are being obtained.
Base Salary and Expenses. (i) During the Employment Period, Employer shall pay to Employee a salary at the rate of Seven Hundred Fifty Thousand Dollars ($750,000) per annum (the "Base Salary"). The Base Salary shall be earned and paid in arrears, in equal installments, every second Friday, or at such other interval as the Board shall direct.
(ii) Employer shall reimburse Employee for all reasonable out-of-pocket expenses incurred by Employee on Employer's behalf during the Employment Period, as approved by Employer's Chief Financial Officer, to be periodically reviewed by the Board.
Base Salary and Expenses. As compensation for Employee's services, Employer shall pay to Employee during the Employment Period a salary (the "Base Salary") at the annual rate of $200,000 in fiscal year 1998, and at such higher rates of pay thereafter as is determined by the Board in its discretion. All payments will be in arrears, in equal installments every second Friday, or at such other interval as the Board shall direct, but no less frequently than twice each month. Employer shall reimburse Employee for all reasonable out-of-pocket expenses incurred by Employee on Employer's behalf during the Employment Period and which were approved by the Board.
Base Salary and Expenses. 3.1.1 During the Employment Period, Bandwidth will pay to Xxxxxx a salary at the initial rate of Three Hundred Seventy Five Thousand Dollars ($375,000) per annum (the “Base Salary”). The Base Salary will be earned and paid in arrears, in equal installments, semi-monthly, or at such other interval as the Board directs, but no less often than once each month. At the beginning of each year during the Employment Period, Xxxxxx and the Board will in good faith review the Base Salary. Base Salary will be increased to mutually agreed upon levels consistent with the growth of Bandwidth’s business. Bandwidth shall be entitled to withhold, or cause to be withheld, any amount of federal, state, city or other withholding taxes or other amounts either required by law or authorized by Xxxxxx with respect to payments made to Xxxxxx in connection with his employment hereunder.
3.1.2 Bandwidth will reimburse Xxxxxx for all reasonable out-of-pocket business expenses incurred by Xxxxxx on Bandwidth’s behalf during the Employment Period, so long as such expenses are reimbursable under Bandwidth’s policies in effect from time to time and as periodically reviewed by the Board. At Xxxxxx’x request, expenses will be advanced before an expenditure is incurred, or they will be paid by Bandwidth directly to third parties from which goods or services are being obtained.
Base Salary and Expenses. 3.1.1 During the Employment Period, Bandwidth will pay to Xxxxxxx a salary at the initial rate of Three Hundred Sixty-four Thousand Eight Hundred Dollars ($364,800.00) per annum (the "Base Salary"). The Base Salary will be earned and paid in arrears, in equal installments, semi-monthly, or at such other interval as the Bandwidth’s Board of Directors (the “Board”) or Compensation Committee of the Board (the “Compensation Committee”) directs, but no less often than once each month. At the beginning of each year during the Employment Period, the Chief Executive Officer will in good faith review the Base Salary and recommend to the Board and/or Compensation Committee any changes for determination by the Board and/or the Compensation Committee. Bandwidth shall be entitled to withhold, or cause to be withheld, any amount of federal, state, city or other withholding taxes or other amounts either required by law or authorized by Xxxxxxx with respect to payments made to Xxxxxxx in connection with his employment hereunder.
3.1.2 Bandwidth will reimburse Xxxxxxx for all reasonable out-of-pocket business expenses incurred by Xxxxxxx on Bandwidth's behalf during the Employment Period, so long as such expenses are reimbursable under Bandwidth’s policies in effect from time to time. At Xxxxxxx'x request, expenses will be advanced before an expenditure is incurred, or they will be paid by Bandwidth directly to third parties from which goods or services are being obtained.
Base Salary and Expenses. 3.1.1 During the Employment Period, Bandwidth will pay to Xxxxxx a salary at the initial rate of Three Hundred Four Thousand Dollars ($304,000.00) per annum (the "Base Salary"). The Base Salary will be earned and paid in equal installments, semi-monthly, or at such other interval as the Bandwidth’s Board of Directors (the “Board”) or Compensation Committee of the Board (the “Compensation Committee”) directs, but no less often than once each month. At the beginning of each year during the Employment Period, the Chief Executive Officer will in good faith review the Base Salary and recommend to the Board and/or Compensation Committee any changes for determination by the Board and/or the Compensation Committee. Bandwidth shall be entitled to withhold, or cause to be withheld, any amount of federal, state, city or other withholding taxes or other amounts either required by law or authorized by Xxxxxx with respect to payments made to Xxxxxx in connection with his employment hereunder.
3.1.2 Bandwidth will reimburse Xxxxxx for all reasonable out-of-pocket business expenses incurred by Xxxxxx on Bandwidth's behalf during the Employment Period, so long as such expenses are reimbursable under Bandwidth’s policies in effect from time to time. At Xxxxxx'x request, expenses will be advanced before an expenditure is incurred, or they will be paid by Bandwidth directly to third parties from which goods or services are being obtained.
Base Salary and Expenses. 3.1.1 During the Employment Period, Bandwidth will pay to Executive a salary at the initial rate of $425,000 per annum (the “Base Salary”). The Base Salary will be earned and paid in equal installments, semi-monthly, or at such other interval as the Bandwidth’s Board of Directors (the “Board”) or Compensation Committee of the Board (the “Compensation Committee”) directs, but no less often than once each month. At the beginning of each year during the Employment Period, the Chief Executive Officer will in good faith review the Base Salary and recommend to the Board and/or Compensation Committee any increases (but not decreases) for determination by the Board and/or the Compensation Committee. Bandwidth shall be entitled to withhold, or cause to be withheld, any amount of federal, state, city or other withholding taxes or other amounts either required by law or authorized by Executive with respect to payments made to Executive in connection with his employment hereunder.
3.1.2 Bandwidth will reimburse Executive for all reasonable out-of-pocket business expenses incurred by Executive on Bandwidth’s behalf during the Employment Period, so long as such expenses are reimbursable under Bandwidth’s policies in effect from time to time. At Executive’s request, expenses will be advanced before an expenditure is incurred, or they will be paid by Bandwidth directly to third parties from which goods or services are being obtained.
3.1.3 Bandwidth will reimburse Executive for all reasonable moving expenses and all reasonable expenses to transport one vehicle from Executive’s current residence to the Raleigh, North Carolina area, in either case, to the extent such expenses are incurred by Executive between the date of this Agreement and December 31, 2021 (the “2021 Relocation Assistance”). For purposes of clarity, reasonable moving expenses shall not include any expenses incurred in connection with renting or purchasing a residence in Raleigh, North Carolina. All payments to Executive or for Executive’s benefit under this Section shall be subject to Section 13. Executive will promptly, and in no event later than December 31, 2021, submit all requests for 2021 Relocation Assistance payments, together with any supporting documentation that Bandwidth reasonably requests, and Bandwidth will make all 2021 Relocation Assistance payments during calendar year 2021, regardless of when the corresponding expenses were incurred.
3.1.4 Bandwidth will reimburse Executive for reasonabl...
