Base Salary Review. The Board of Directors of Employer shall review the Base Salary annually and may make adjustments to increase but not decrease such Base Salary, in accordance with the compensation practices and guidelines of the Employer. The Base Salary shall not be reduced during the Term without Employee’s express prior written consent.
Base Salary Review. The Company agrees to review Executive’s Base Salary within twelve (12) months after his date of employment and annually thereafter, based on the Company’s performance and the Executive’s performance of his position and responsibilities. The Executive’s Base Salary may be decreased by the Board as a result of financial hardship experienced by the Company, provided that (A) such decrease shall be made only as a part of a general senior management salary or benefits reduction which does not affect Executive disproportionately and (B) such decrease shall be effective only for so long as such financial hardship shall exist, as determined by the Board.
Base Salary Review. The Company agrees to review ------------------ Executive's Base Salary within twelve (12) months after his date of employment and annually thereafter, or within the time period prescribed in salary administration practices applied to all officers of the Company.
Base Salary Review. The Base Salary shall be subject to review and increase (but may not decrease, unless the reduction in Base Salary is (a) part of a program approved by the Board of Directors of Mallinckrodt (the “Board”) or its delegate, the Human Resources and Compensation Committee (collectively, the “Committee”) that affects all executive officers on a consistent basis and (b) no greater than 10% in the aggregate) by the Committee in its sole discretion. and the Executive by entering this Agreement irrevocably consents to same. References in this Agreement to “Base Salary” shall be deemed to refer to the most recently effective annual base salary, unless otherwise specifically set forth herein.
Base Salary Review. Executive's salary will be subject to reviews by the Board at the first meeting of the Board in each calendar year, which typically takes place in January or February. Each review will be effective on and from the first payroll date following the first meeting of the Board in each calendar year provided that the increase (if any) of such salary will be a matter to be decided at the Board's absolute discretion.
Base Salary Review. At the end of each calendar year, the ------------------ Executive's then effective Base Salary shall be reviewed by the Chief Executive Officer of the Company and, as a result of that review, shall be subject to possible increase, but not decrease, based on the Executive's performance during the immediately preceding year as measured against operating goals mutually established by the Executive and the Chief Executive Officer of the Company. Any increase in the amount of the Executive's then-effective Base Salary which results from that review will be effective on the immediately following January 1st and such new Base Salary shall become the minimum Base Salary for all purposes under this Agreement, subject to further increases, if any, resulting from further Base Salary reviews.
Base Salary Review. The Board, in its discretion and in consultation with the Compensation Committee of the Board, shall review Executive's Base Salary from time to time during the term of this Agreement.
