Base Salary Compensation. The base salary rate ("Base Salary") of the Executive shall be One Hundred and thirty thousand dollars (U.S.)$130,000 per year for the first twelve months of this Agreement. The Base Salary shall be payable monthly in arrears. The Company may withhold from any amounts payable under this Agreement such federal, state or local taxes and other statutory remittances as shall be required by law to be so withheld. Executive shall be entitled to a performance review by Executive's immediate superior on the twelfth (12) month anniversary of the Employment Start Date and a determination will be made at that time by Executive's immediate superior, acting reasonably, whether or not to adjust the Base Salary; provided, however, that if the Executive is an executive officer of the Company, such determination shall not take effect until ratified by the Board of Directors of the Company.
Base Salary Compensation. Employer shall pay Gist an initial annual base salary of Two Hundred Ten Thousand Dollars ($210,000.00) (the “Salary Compensation”), which Employer’s President or Board may elect to adjust, in their sole discretion and without any requirement that they do so, on each anniversary of the date first written above. Gist’s Salary Compensation shall be payable in equal periodic installments according to Employer’s customary payroll practices, but no less frequently than bi-monthly. During the term of his employment as defined herein, Gist shall also be entitled to an annual target bonus of 50% of the then annual salary. Such bonus shall be based upon the achievement of performance criteria established by the Company and to be awarded at the discretion of the Company’s President or Board of Directors.
Base Salary Compensation. Employer shall pay Xxxxxx an initial annual base salary of One Hundred Eighty Thousand Dollars ($180,000.00) (the “Salary Compensation”), which Employer’s President or Board may elect to adjust, in their sole discretion and without any requirement that they do so, on each anniversary of the date first written above. Xxxxxx’x Salary Compensation shall be payable in equal periodic installments according to Employer’s customary payroll practices, but no less frequently than bi-monthly. During the term of his employment as defined herein, Xxxxxx shall also be entitled to an annual target bonus of 35% of the then annual salary. Such bonus shall be based upon the achievement of performance criteria established by the Company and to be awarded at the discretion of the Company’s President or Board of Directors.
Base Salary Compensation. You will receive, as a guaranteed base salary for your full-time employment, annual compensation of Two Hundred Fifty Thousand Dollars ($250,000) for the Term. Your annual base compensation will be reviewed annually by the Compensation Committee, but in no event shall it be less than $250,000. Your base compensation will be paid in accordance with the Company’s standard payroll practices as in effect from time to time, but in no event less frequently than monthly.
Base Salary Compensation. Employer shall pay Xxxxx an initial annual base salary of Two Hundred Forty Thousand Dollars ($240,000.00) (the “Salary Compensation”), which Employer’s Board may elect to adjust, in their sole discretion and without any requirement that they do so, on each anniversary of the date first written above. Xxxxx’x Salary Compensation shall be payable in equal periodic installments according to Employer’s customary payroll practices, but no less frequently than bi-monthly.
Base Salary Compensation. ACC shall pay Xxxx an initial annual base salary of One Hundred Eighty Thousand Dollars ($180,000.00). Said salary shall be subject to adjustment as set forth in the next sentence (“Salary Compensation”). Xxxx’x Salary Compensation may be adjusted on each anniversary of the date first written above as determined by ACC’s Board, in its sole discretion. Xxxx’x Salary Compensation shall be payable in equal periodic installments according to ACC’s customary payroll practices, but no less frequently than bi-monthly.
Base Salary Compensation. In consideration of Employee's services, Employee will be paid, during the initial term of this Agreement, no less than the following: $200,000 for calendar year 1998 (the "Salary"). The Salary will be payable in accordance with the Company's customary payroll practices for its executive officers, but not less than monthly. The Employee's Salary shall be reviewed by the Company and the Employee at least annually for increase in a manner consistent with general compensation changes Company-wide and applicable to the executive officers as a group.
Base Salary Compensation. You will receive, as a guaranteed base salary for your full time employment, annual compensation as follows: (a) One Hundred Fifty Thousand Dollars ($150,000) for the first year of the Term; (b) Two Hundred Fifty Thousand Dollars ($250,000) for the second year of the Term; and (c) Two Hundred Fifty Thousand Dollars ($250,000) for the third year of the Term. If your employment is extended for the Renewal Term, your annual base compensation for the Renewal Term will be determined at that time by the Board or the Compensation Committee, but in no event shall it be less than $250,000. Your base compensation will be paid in accordance with the Company’s standard payroll practices as in effect from time to time, but in no event less frequently than monthly.
Base Salary Compensation. Effective January 1, 2013, and ratified on July 1, 2014, Employee shall be paid a base salary compensation of TEN THOUSAND DOLLARS AND 00/100 ($10,000.00) per month in accordance with the Company's payroll policy, if any. · Employee will earn compensation of TEN THOUSAND DOLLARS AND 00/100 ($10,000.00) per month. · Employee will be paid any unpaid monthly compensation/accruals, expense reimbursement, and accrued interest upon a successful closing of at least $1 million of an institutional round. · Effective the earlier of: a) the closing of at least $1.5 million of an institutional round or b) January 1, 2015, Employee shall be paid a base salary compensation of twelve thousand five hundred dollars ($12,500) per month. · Future increases in base salary compensation shall be reviewed at least annually for potential increase relative to company performance and compensation levels at comparative companies.
Base Salary Compensation. The Company recognizes that Xxxxxxx has made substantial contributions to the success of the Company and therefore he may also receive such increases to Base Salary and Bonus Compensation as the Board of Directors may determine from time to time based upon recommendations of the Compensation Committee of the Board of Directors. In that regard, the Company agrees that at all times, Xxxxxxx'x base salary shall be no less than the median base salary of chief executive officers for companies of comparable size to Medcath.
