Base Salary; Bonus; Benefits. (a) During the Employment Period, the Company (or any of its affiliates) shall pay you a minimum annual base salary (the "Base Salary") of $200,000, payable in such installments (but not less often than monthly) as is generally the policy of the Company with respect to the payment of regular compensation to its executive officers. The Base Salary may be increased from time to time in the sole discretion of the Board of Directors of the Company. During the Employment Period, you will also be entitled to four weeks vacation per year and such other benefits as may be made available to other executive officers of the Company generally, including, without limitation, (i) participation in such health, life and disability insurance programs and retirement or savings plans as the Company may from time to time maintain in effect and (ii) the use of a vehicle provided by the Company or an equivalent monthly car allowance in accordance with the Company's policy with respect to its senior executives.
Appears in 2 contracts
Samples: Employment Agreement (Pacer Express Inc), Pacer International Inc
Base Salary; Bonus; Benefits. (a) During the Employment Period, the Company (or any of its affiliates) shall pay you a minimum annual base salary (the "Base Salary") of $200,000225,000, payable in such installments (but not less often than monthly) as is generally the policy of the Company with respect to the payment of regular compensation to its executive officers. The Base Salary may be increased from time to time in the sole discretion of the Board of Directors of the Company. During the Employment Period, you will also be entitled to four weeks vacation per year and such other benefits as may be made available to other executive officers of the Company generally, including, without limitation, (i) participation in such health, life and disability insurance programs and retirement or savings plans as the Company may from time to time maintain in effect and (ii) the use of a vehicle provided by the Company or an equivalent monthly car allowance in accordance with the Company's policy with respect to its senior executives.
Appears in 2 contracts
Samples: Employment Agreement (Pacer Express Inc), Pacer International Inc