Base Salary Bonuses Sample Clauses

Base Salary Bonuses. During the Employment Period, the Executive shall receive an annual base salary ("BASE SALARY") equal to THREE HUNDRED THOUSAND DOLLARS ($300,000.00), payable in accordance with the customary payroll procedures as in effect from time to time for senior executives of the Company. In the event that the Company achieves the profit levels set forth on EXHIBIT A hereto, for such year, or achieves the profit levels set forth in the annual business plan approved by the Board of Directors of TPEG, then for each such year Executive shall be entitled to an annual increase equal to fifteen percent (15%) of the then applicable Base Salary. Notwithstanding the foregoing sentence, in no event shall the Base Salary exceed the total sum of Five Hundred Thousand Dollars ($500,000.00). Additionally, for any year where the Company achieves the profit levels as defined in the Merger Agreement and as set forth in EXHIBIT A hereto, for such year, or achieves the profit levels set forth in the annual business plan approved by the Board of Directors of TPEG, the compensation committee of the Board of Directors of TPEG shall authorize the payment of a bonus, in cash or in kind, in an amount representing the equivalent of a minimum of ten percent (10%) of Executive's Base Salary for the preceding year. This bonus shall be calculated based solely on annual earnings figures and earnings figures shall not be cumulative with earnings figures from other years.
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Base Salary Bonuses. Executive shall receive a base salary at the rate of one hundred thirty five thousand dollars ($135,000) per annum, commencing on the Effective Date and payable in equal installments on EchoMetrix’ regular pay dates, subject to the usual and required payroll deductions and withholdings (“Base Salary”). Executive shall be entitled to a minimum of a 10% salary increase, subject to board discretion, at the one year anniversary date.
Sample 1
Base Salary Bonuses. Executive shall receive a base salary at the rate of one hundred fifty thousand dollars ($150,000) per annum, commencing on the Effective Date and payable in equal installments on EchoMetrix’ regular pay dates, subject to the usual and required payroll deductions and withholdings (“Base Salary”). The base salary shall increase to $175,000 upon the raise of $3,000,000 in equity/debt or combination within the initial twelve month period. The base salary shall increase to $200,000 upon the total raise of $4,000,000 within the initial 12 month period. If the Company fails to raise $3,000,000 within the first twelve months, Executive shall be entitled to a minimum of a 10% salary increase, subject to board discretion, at the one year anniversary date.
Sample 1
Base Salary Bonuses. The first three bullets point of Exhibit A shall be revised as indicated below: Employee’s starting annual Base Salary effective November 1, 2008 is $700,000.00 $775,000.00. Employee will be entitled to participate in our Company’s management bonus program (“Bonus Program”) each fiscal year or partial fiscal year of the Company occurring during the Term of the Agreement. Initially and unless otherwise mutually agreed, the Employee will participate in the Bonus Program at the 70% target level , or $490,000.00, with leverage ranging from 0% to 200150% based upon performance metrics to be agreed upon by the Compensation Committee of the Board of Directors and the Employee, and approved by the Board of Directors (“Annual Bonus”). In the event that the Employee and the Board of Directors are unable to agree upon a performance metrics by March 31st of each year, the performance metrics will be referred to binding arbitration. Employee is entitled to the Cash Bonuses described in Section 5, which shall be paid in accordance with Section 5.
Sample 1
Base Salary Bonuses. (a) During the Employment Term, in consideration of the performance by the Executive of the Executive’s obligations during the Employment Term (including any service in any position with any subsidiary or affiliate of the Company), the Company shall pay the Executive a base salary (the “Base Salary”) at an annual rate of $600,000 for calendar year 2008. The Base Salary may be increased, but not decreased, by the Compensation Committee of the Board (the “Committee”) in its sole and absolute discretion. The Committee shall perform annual reviews of the Executive after the end of each calendar year during the Employment Term for purposes of determining any Base Salary increases. Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s then current practices and policies with respect to other senior executives.
Sample 1
Base Salary Bonuses. During the Term, the Company shall pay, or cause to be paid, to the Executive a salary of $341,000 per year, payable in accordance with the payroll practices of the Company for its executives. Such salary is hereinafter referred to as the "Base Salary". The Company shall review Executive's compensation package no less frequently than annually, and may in its reasonable discretion increase the salary and other compensation paid or provided to Executive. Annually the Executive shall also receive a bonus in an amount determined by Board or the Compensation Committee of the Board.
Sample 1
Base Salary Bonuses. Executive shall receive a base salary at the rate of two hundred forty thousand dollars ($240,000) per annum, commencing on the Effective Date and payable in equal installments on SearchHelp’ regular pay dates, subject to the usual and required payroll deductions and withholdings (“Base Salary”). Commencing one year from the Effective Date, and thereafter, all salary increases and or cash bonus shall be based upon Executive’s Performance and the overall Performance of the Company and shall be at the sole discretion of the Board of Directors. The Board shall review the Executive's performance for the prior year in order to determine if a salary increase and or cash bonus is warranted. Executive pay shall be increased to a maximum of $300,000 during the first 12 months of employment if the following events occur: o Executive achieves any two milestones listed in 3.5 below, o Company raises a total of $3,500,000 in one or more debt or equity financings, Executive pay shall increase by $25,000 upon the next pay period, o Company raises a total in excess of $4,00,000 in one or more debt or equity financings, Executive pay shall increase by an additional $35,000 upon the next pay period, bringing Executive’s base salary to $300,000.
Sample 1
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Base Salary Bonuses 
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Related to Base Salary Bonuses

  • Salary; Bonus Executive will receive a salary during the Term of One Hundred and Seventy Thousand ($170,000) per year (“Base Compensation”), pro-rated for partial years, payable at regular intervals in accordance with the Company’s normal payroll practices in effect from time to time. Executive’s Base Compensation will be reviewed annually by the Company’s Board of Directors and Executive will be eligible for consideration for merit-based increases to Base Compensation as determined by the Board of Directors in its sole discretion. In addition to eligibility for consideration of merit-based increases in the discretion of the Board of Directors, Executive’s Base Compensation will be increased effective January 1 of each year during the Term (commencing with January 1, 2017) by three percent (3%) to reflect anticipated increases in cost of living.

  • 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 Salary The Company shall pay to Executive a base salary (“Base Salary”) of $250,000 per year, payable in accordance with the payroll policies from time to time in effect at the Company. Executive’s Base Salary may be subject to increase (but shall not be subject to decrease) on an annual basis as the Board of Directors of the Company or any committee thereof (the “Board of Directors”) shall determine.

  • Base Salary and Incentive Compensation The Company shall pay to Executive (i) his Base Salary (as in effect as of the date of his termination) and (ii) Incentive Compensation (in an aggregate amount equal to the applicable portion of the cash Incentive Compensation received by the Executive for the most recent fiscal year prior to his termination) as follows: Years of Base Payout Service Salary Incentive Compensation Period Less than one 3 months 25% of the Short Term Incentive Plan award for the most recent full fiscal year prior to termination 3 months One but less than two 6 months 50% of the Short Term Incentive Plan award for the most recent full fiscal year prior to termination 6 months Two but less than three 9 months 75% of the Short Term Incentive Plan award for the most recent full fiscal year prior to termination 9 months Three or More 12 months 100% of the Short Term Incentive Plan award for the most recent full fiscal year prior to termination 12 months To the extent permitted under Code Section 409A, the sum of applicable Base Salary and Incentive Compensation shall be divided into equal monthly payments and paid to the Executive over the applicable Payout Period shown in the table above, depending on the Executive’s years of service at the time of Termination.

  • 1Base Salary During the Period of Employment, the Company shall pay the Executive a base salary (the “Base Salary”), which shall be paid biweekly or in such other installments as shall be consistent with the Company’s regular payroll practices in effect from time to time. The Executive’s Base Salary shall be at an annualized rate of Seven Hundred Thousand dollars ($700,000.00). The Compensation Committee of the Board (the “Compensation Committee”) will review the Executive’s rate of Base Salary on an annual basis and may, in its sole discretion, increase (but not decrease) the rate then in effect.

  • Salary, Bonus and Benefits During the Employment Period, Employer will pay Executive a base salary (the “Annual Base Salary”) of $165,000 per annum, subject to any increases as determined by the Board based upon the Company’s achievements of budgetary and other objectives set by the Board. For any fiscal year, Executive shall be eligible for an annual bonus of up to 50% of the Executive’s then applicable Annual Base Salary based upon the achievement by the Company, Employer and their Subsidiaries of budgetary and other objectives set by the Board; provided that with respect to the first year for which Executive is eligible for a bonus, such bonus shall be paid on a pro rata basis based upon that portion of the year that remained after the date of this Agreement. In addition, during the Employment Period, Executive will be entitled to such other benefits approved by the Board and made available to the senior management of the Company, Employer and their Subsidiaries.

  • 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 and Bonus (a) During the Term of this Agreement, the Company shall pay Executive an annual base salary of $425,000 per year (the “Base Salary”). The Base Salary shall be payable to the Executive in substantially equal installments in accordance with the Company’s normal payroll practices.

  • Base Compensation a. The Company and the Bank agree to pay Executive during the term of this Agreement a base salary at the rate of $ per year, payable in accordance with customary payroll practices.

  • Annual Bonus Compensation In addition to your Salary, during the Employment Term you shall be eligible to earn an annual bonus for each whole or partial calendar year during the Employment Term, determined and payable as follows (the “Bonus”):

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