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.
Appears in 2 contracts
Samples: Employment Agreement (Telxon Corp), Employment Agreement (Telxon Corp)
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 Employer's chief executive officer (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.
Appears in 2 contracts
Samples: Employment Agreement (Telxon Corp), Employment Agreement (Telxon Corp)
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 $275,000 200,000 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 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.
Appears in 2 contracts
Samples: Employment Agreement (Telxon Corp), Employment Agreement (Telxon Corp)
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 $275,000 350,000 for FY '98FY`00. 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.
Appears in 1 contract
Samples: Employment Agreement (Telxon Corp)
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 '98325,000. 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.
Appears in 1 contract
Samples: Employment Agreement (Telxon Corp)
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 $275,000 230,000 for FY '98FY`00. 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.
Appears in 1 contract
Samples: Employment Agreement (Telxon Corp)
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 $275,000 225,000 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.
Appears in 1 contract
Samples: Employment Agreement (Telxon Corp)
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 $275,000 200,000 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 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.
Appears in 1 contract
Samples: Employment Agreement (Telxon Corp)