Common use of Base Salary Compensation Clause in Contracts

Base Salary Compensation. You will receive, as a guaranteed base salary for your employment, annual compensation of Seventy Thousand Dollars ($70,000) for 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 $70,000. 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.

Appears in 1 contract

Sources: Employment Agreement (BTHC X Inc)

Base Salary Compensation. You will receive, as a guaranteed base salary for your full-time employment, annual compensation of Seventy Two Hundred Fifty Thousand Dollars ($70,000250,000) for the Term. If your employment is extended for the Renewal Term, your Your annual base compensation for the Renewal Term will be determined at that time reviewed annually by the Board or the Compensation Committee, but in no event shall it be less than $70,000250,000. 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.

Appears in 1 contract

Sources: Ceo Employment Agreement (Growlife, Inc.)

Base Salary Compensation. You will receive, as a guaranteed base salary for your full time employment, annual compensation of Seventy Two Hundred Fifty Thousand Dollars ($70,000250,000) for 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 $70,000250,000. 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.

Appears in 1 contract

Sources: Employment Agreement (Growlife, Inc.)

Base Salary Compensation. You will receive, as a guaranteed base salary for your full time employment, annual compensation of Seventy Two Hundred Seventy-five Thousand Dollars ($70,000275,000) for 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 $70,000275,000. 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.

Appears in 1 contract

Sources: Employment Agreement (Growlife, Inc.)