Common use of Base Salary Clause in Contracts

Base Salary. During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $ , payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled to such increases in Executive’s base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.”

Appears in 5 contracts

Sources: Employment Agreement (PBF Energy Inc.), Employment Agreement (PBF Energy Inc.), Employment Agreement (PBF Energy Inc.)

Base Salary. During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $ $250,000, payable in regular installments in accordance with the Company’s 's usual payment practices. Executive shall be entitled to such increases in Executive’s 's base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive’s 's annual rate of base salary, as in effect from time to time, is hereinafter referred to as the "Base Salary."

Appears in 5 contracts

Sources: Employment Agreement (Premcor Refining Group Inc), Employment Agreement (Premcor Refining Group Inc), Employment Agreement (Premcor Refining Group Inc)

Base Salary. During the Employment Term, the Company shall pay the Executive a an annual base salary at the annual rate of $ , payable $500,000 in regular semimonthly installments in accordance with the Company’s usual customary payroll practices and applicable wage payment practiceslaws. Executive shall be entitled to such increases in Executive’s base salary, if any, as may be determined from time to time in the sole discretion of the Board. The Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.

Appears in 4 contracts

Sources: Employment Agreement (Strive, Inc.), Employment Agreement (Strive, Inc.), Employment Agreement (Strive, Inc.)

Base Salary. During the Employment Term, the Company Executive shall pay Executive receive a base salary at the annual a rate of $ $100,000 per annum (the “Base Salary”), payable less applicable deductions and withholdings, which shall be paid in regular installments arrears in accordance with the Company’s usual payment practices. Executive shall be entitled to such increases in Executive’s base salary, if any, as may be determined from time to time in the sole discretion customary payroll practices of the Board. Executive’s annual rate of base salary, Company (as in effect from time to time). The Company, is hereinafter referred to as in its sole and absolute discretion, may increase the Executive’s Base Salary during the Employment Term, in which case such increased base salary shall be the “Base Salary” for purposes of this Agreement.

Appears in 4 contracts

Sources: Employment Agreement (Essential Properties Realty Trust, Inc.), Employment Agreement (Essential Properties Realty Trust, Inc.), Employment Agreement (Essential Properties Realty Trust, Inc.)

Base Salary. During the Employment Term, the The Company shall pay or cause to be paid to the Executive a base salary of not less than $1,000,000 per annum during the term of employment (the "Base Salary"). The Company may increase, but not decrease, the Base Salary at any time and from time to time during the annual rate term of $ , employment and upon each such increase the term "Base Salary" shall mean such increased amount. Base Salary shall be payable in regular monthly or more frequent installments in accordance with the Company’s usual payment practices's then current practices and policies with respect to senior executives. Executive For the purposes of this Agreement "senior executives" shall be entitled to such increases in Executive’s base salary, if any, as may be determined from time to time in mean the sole discretion executive officers of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base SalaryCompany.

Appears in 4 contracts

Sources: Employment Agreement (Time Warner Inc/), Employment Agreement (Aol Time Warner Inc), Employment Agreement (Aol Time Warner Inc)

Base Salary. During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $ $325,000, payable in regular installments in accordance with the Company’s 's usual payment practices. The Board shall annually review Executive's base salary and Executive shall be entitled to such increases in Executive’s base salary(but no decreases), if any, as may be determined from time to time in the sole discretion of the Board. Executive’s 's annual rate of base salary, as in effect from time to time, is hereinafter referred to as the "Base Salary."

Appears in 4 contracts

Sources: Employment Agreement (TRW Automotive Inc), Employment Agreement (TRW Automotive Inc), Employment Agreement (TRW Automotive Inc)

Base Salary. During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $ $200,000, payable in regular installments in accordance with the Company’s 's usual payment practices. Executive shall be entitled to such increases in Executive’s 's base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive’s 's annual rate of base salary, as in effect from time to time, is hereinafter referred to as the "Base Salary."

Appears in 4 contracts

Sources: Employment Agreement (Premcor Refining Group Inc), Employment Agreement (Premcor Refining Group Inc), Employment Agreement (Premcor Refining Group Inc)

Base Salary. During As of the Employment TermEffective Date and during the Term of Employment, the Company Corporation shall pay to the Executive a base salary at the annual rate of $ $250,000 per year, payable in regular installments subject to increase (but not decrease) by the Board (the “Base Salary”). The Executive’s Base Salary shall be paid in accordance with the CompanyCorporation’s usual payment practices. Executive shall be entitled to such increases in Executive’s base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive’s annual rate of base salary, as regular payroll practices in effect from time to time, is hereinafter referred to as the “Base Salarybut no less frequently than monthly.

Appears in 4 contracts

Sources: Employment Agreement (Sonoma Pharmaceuticals, Inc.), Employment Agreement (Oculus Innovative Sciences, Inc.), Employment Agreement (Oculus Innovative Sciences, Inc.)

Base Salary. During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $ $750,000, payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled to such increases in Executive’s base salary, if any, as may be determined from time to time in the sole discretion of the BoardBoard at least annually. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.”

Appears in 4 contracts

Sources: Employment Agreement (Colfax CORP), Employment Agreement (DJO Finance LLC), Employment Agreement (Pinnacle Foods Finance LLC)

Base Salary. During Subject to the Employment Termterms and conditions set forth herein, the Company shall agrees to pay Executive a an annual base salary at the annual rate of $ equal to Three Hundred Seventy-Five Thousand Dollars ($375,000), less standard payroll deductions and withholdings, payable in regular installments in accordance with on the Company’s usual payment practices. Executive shall be entitled to such increases in Executive’s base salary, if any, regular payroll schedule (as may be determined from time adjusted pursuant to time in the sole discretion of the Board. Executive’s annual rate of base salary, as in effect this Agreement from time to time, is hereinafter referred to as the “Base Salary”). The Company agrees that Executive’s base salary will be reviewed annually by the Board and, if appropriate (as determined by the Board in its sole discretion), will be increased therefrom.

Appears in 4 contracts

Sources: Executive Employment Agreement (Bionovo Inc), Executive Employment Agreement (Bionovo Inc), Executive Employment Agreement (Bionovo Inc)

Base Salary. During the Employment Term, the Company shall pay the Executive a base salary at the annual rate of $ $450,000 per annum, payable in regular installments in accordance with the Company’s usual payment practicespayroll practices of the Company for its executives. Executive shall be entitled to such increases in Executive’s Such base salary, if any, as the same may be determined from time to time in be adjusted at the sole discretion of the Board. Executive’s annual rate of base salary, as in effect from time to timeCompany, is hereinafter hereafter referred to as the “Base Salary.”

Appears in 4 contracts

Sources: Employment Agreement (MariaDB PLC), Employment Agreement, Employment Agreement (MariaDB PLC)

Base Salary. During the Employment Term, the The Company shall pay the Executive a base salary at the annual rate of $ , $450,000 per annum (the “Base Salary”). The Executive’s base salary shall be payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled payroll practices of the Company for its executives and subject to such increases in Executive’s base salary, if any, as may be determined increase from time to time in the sole discretion of by the Board, in its sole discretion. Executive’s annual rate of The base salarysalary set forth in this Section 4(a), as in effect from time to timetime increased, is hereinafter hereafter referred to as the “Base Salary.”

Appears in 4 contracts

Sources: Employment Agreement (Ascend Wellness Holdings, Inc.), Employment Agreement (Ascend Wellness Holdings, Inc.), Employment Agreement

Base Salary. During the Employment TermFor all services to be rendered by Executive pursuant to this Agreement, the Company shall agrees to pay Executive during the Employment Period a base salary (the "Base Salary") at the an annual rate of $ $200,000, payable with such upward adjustments to the Base Salary as shall be determined by the Board in regular its sole discretion. The Base Salary shall be paid in periodic installments in accordance with the Company’s usual payment 's regular payroll practices. Executive shall be entitled to such increases in Executive’s base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.

Appears in 4 contracts

Sources: Executive Employment Agreement (MEDL Mobile Holdings, Inc.), Executive Employment Agreement (MEDL Mobile Holdings, Inc.), Executive Employment Agreement (Resume in Minutes, Inc.)

Base Salary. During the Employment Term, the Company shall pay Executive a base salary (the “Base Salary”) at the annual rate of [$ ], payable in regular installments in accordance with the Company’s usual payment payroll practices. Executive shall be entitled to such increases in Executive’s base salary, if any, as The Board may be determined from time to time review and increase the Base Salary in its sole discretion. During the sole discretion Employment Term, the Executive shall be eligible for any bonus program approved by the Board for the benefit of the Board. senior executives of the Company; provided however, that the foregoing shall not create any presumption that a bonus will actually be granted by the Company to the Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.

Appears in 4 contracts

Sources: Employment Agreement (China Sunergy Co., Ltd.), Employment Agreement (China Sunergy Co., Ltd.), Employment Agreement (China Sunergy Co., Ltd.)

Base Salary. During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $ $500,000, payable in regular installments in accordance with the Company’s 's usual payment practices. Executive shall be entitled to such increases in Executive’s 's base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive’s 's annual rate of base salary, as in effect from time to time, is hereinafter referred to as the "Base Salary."

Appears in 4 contracts

Sources: Employment Agreement (Cohen & Steers Inc), Employment Agreement (Cohen & Steers Inc), Employment Agreement (Cohen & Steers Inc)

Base Salary. During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $ , not less than $330,000. Base salary shall be payable in regular installments in accordance with the usual payroll practices of the Company’s usual payment practices. Executive shall be entitled to such increases in Executive’s base salary, if any, as salary shall be subject to annual review by the Board or the Compensation Committee during the Employment Term and may be determined increased, but not decreased, from time to time in by the sole discretion of Board or the BoardCompensation Committee. Executive’s annual rate of The base salary, salary as in effect determined as aforesaid from time to time, is hereinafter referred to as the time shall constitute “Base Salary” for purposes of this Agreement.

Appears in 3 contracts

Sources: Employment Agreement (Priceline Group Inc.), Employment Agreement (Priceline Com Inc), Employment Agreement (Priceline Com Inc)

Base Salary. During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $ $600,000, payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled to such increases in Executive’s base salaryincreases, if any, in his base salary as may be determined from time to time in the sole discretion of the Board, in accordance with the Company’s normal annual review process for executives. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.

Appears in 3 contracts

Sources: Employment Agreement (Energy Future Holdings Corp /TX/), Employment Agreement (Energy Future Holdings Corp /TX/), Employment Agreement (Energy Future Holdings Corp /TX/)

Base Salary. During the Employment TermPeriod of Employment, the Company shall pay the Executive a base salary at (the annual rate of $ “Base Salary”), payable in regular installments which shall be paid in accordance with the Company’s usual payment practices. Executive shall be entitled to such increases in Executive’s base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive’s annual rate of base salary, as regular payroll practices in effect from time to timetime but not less frequently than in monthly installments. The Executive’s Base Salary shall be at an annualized rate of Two Hundred Eighty Thousand Dollars ($280,000). The Board (or a committee thereof) may, is hereinafter referred to as in its sole discretion, increase (but not decrease) the Executive’s rate of Base Salary.

Appears in 3 contracts

Sources: Employment Agreement (Growth Capital Acquisition Corp.), Employment Agreement (Growth Capital Acquisition Corp.), Employment Agreement (Growth Capital Acquisition Corp.)

Base Salary. During the Employment Term, the The Company shall pay the Executive a base salary at the annual rate of $ , $500,000 per annum. The Executive’s base salary shall be payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled payroll practices of the Company for its executives and subject to such increases in Executive’s base salary, if any, as may be determined increase from time to time by the Board (excluding the Executive), in the its sole discretion of the Boarddiscretion. Executive’s annual rate of The base salarysalary set forth in this Section 4(a), as in effect from time to timetime increased, is hereinafter hereafter referred to as the “Base Salary.”

Appears in 3 contracts

Sources: Employment Agreement (Ascend Wellness Holdings, LLC), Employment Agreement (Ascend Wellness Holdings, LLC), Employment Agreement (Ascend Wellness Holdings, LLC)

Base Salary. During As of the Employment TermEffective Date and during the Period of Employment, the Company Corporation shall pay to the Executive a base salary at the annual rate of $ $375,000 per year, payable in regular installments subject to increase (but not decrease) by the Board (the “Base Salary”). The Executive’s Base Salary shall be paid in accordance with the CompanyCorporation’s usual payment practices. Executive shall be entitled to such increases in Executive’s base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive’s annual rate of base salary, as regular payroll practices in effect from time to time, is hereinafter referred to as the “Base Salarybut not less frequently than in monthly installments.

Appears in 3 contracts

Sources: Employment Agreement (Ruthigen, Inc.), Employment Agreement (Ruthigen, Inc.), Employment Agreement (Oculus Innovative Sciences, Inc.)

Base Salary. During the Employment Term, the The Company shall pay the Executive a base salary at the an annual rate of $ , payable base salary of $500,000 in regular periodic installments in accordance with the Company’s usual customary payroll practices and applicable wage payment practiceslaws, but no less frequently than monthly. Executive shall be entitled to such increases in The Executive’s base salary, if any, as salary shall be reviewed at least annually by the Board and the Board may be determined from time to time in increase but not decrease the sole discretion of Executive’s base salary during the BoardEmployment Term. The Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.”

Appears in 3 contracts

Sources: Employment Agreement (La Rosa Holdings Corp.), Employment Agreement (La Rosa Holdings Corp.), Employment Agreement (La Rosa Holdings Corp.)

Base Salary. During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $ $500,000, payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled to such increases in Executive’s base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.”

Appears in 3 contracts

Sources: Employment Agreement (CBaySystems Holdings LTD), Employment Agreement (CBaySystems Holdings LTD), Employment Agreement (Medquist Inc)

Base Salary. During the Employment Term, the Company The Executive shall pay Executive a receive an annual base salary at the annual rate of $ , payable in regular substantially equal installments in accordance consistent with the Company’s usual payment practicesnormal payroll schedule, subject to applicable withholding and other taxes (“Base Salary”). Executive Base Salary may be increased during the Employment Term but may not be decreased, and the Company shall be entitled to such increases in Executive’s base salaryconsider, on an annual basis, the nature, extent and advisability, if any, as may be determined from time to time of an increase in the sole discretion of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.

Appears in 3 contracts

Sources: Employment Agreement (AMERICAN COASTAL INSURANCE Corp), Employment Agreement (United Insurance Holdings Corp.), Employment Agreement (United Insurance Holdings Corp.)

Base Salary. During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $ U.S.$500,000, payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled to such increases in Executive’s base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.”

Appears in 3 contracts

Sources: Employment Agreement (CBaySystems Holdings LTD), Employment Agreement (CBaySystems Holdings LTD), Employment Agreement (CBaySystems Holdings LTD)

Base Salary. During the Employment Term, the Company Executive shall pay Executive receive a base salary at the annual a rate of $ $250,000 per annum (the “Base Salary”), payable less applicable deductions and withholdings, which shall be paid in regular installments arrears in accordance with the Company’s usual payment practices. Executive shall be entitled to such increases in Executive’s base salary, if any, as may be determined from time to time in the sole discretion customary payroll practices of the Board. Executive’s annual rate of base salary, Company (as in effect from time to time). The Company, is hereinafter referred to as in its sole and absolute discretion, may increase the Executive’s Base Salary during the Employment Term, in which case such increased base salary shall be the “Base Salary” for purposes of this Agreement.

Appears in 3 contracts

Sources: Employment Agreement, Employment Agreement (Essential Properties Realty Trust, Inc.), Employment Agreement (Essential Properties Realty Trust, Inc.)

Base Salary. During the Employment Term, the Company shall pay Executive a base salary at the an annual rate of $ $450,000, payable in regular installments in accordance with the Company’s usual payment practicesnormal payroll practices for employees as in effect from time to time. Executive shall be entitled to such increases in Executive’s base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.”

Appears in 3 contracts

Sources: Employment Agreement (NCS Multistage Holdings, Inc.), Employment Agreement (NCS Multistage Holdings, Inc.), Employment Agreement (NCS Multistage Holdings, Inc.)

Base Salary. During the Employment TermTerm of Employment, the Company Executive shall pay Executive a be paid an annual base salary at the annual rate (hereinafter "Base Salary") of $ , payable $114,000.00 which shall be paid in regular equal installments in accordance with the Company’s usual payment Bank's normal pay practices, but not less frequently than monthly. Executive's salary shall be reviewed by the Board of Directors of the Bank annually and Executive shall be entitled to receive annually an increase (but in no event a decrease) in such increases in Executive’s base salaryamount, if any, as may be determined from time to time in by the sole discretion Board of Directors of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base SalaryBank.

Appears in 3 contracts

Sources: Employment Agreement (Southern Community Bancshares Inc /Ga), Employment Agreement (Southern Community Bancshares Inc), Employment Agreement (Southern Community Bancshares Inc /Ga)

Base Salary. During the Employment Term, the Company shall pay provide Executive a base salary at the an annual rate of $ , payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled that is at least equal to such increases in Executive’s base salarysalary then in effect immediately prior to the Acquisition (“Base Salary”), if any, to be paid at such intervals as may be determined from time to time in established by the sole discretion Company for payment of the Boardits employees under its normal payroll practices. Executive’s annual rate of base salary, Base Salary is listed on Schedule 1. Executive’s Base Salary will be paid to Executive by bank transfer and will be subject to such deductions as in effect from time may be required by law or agreed to time, is hereinafter referred to as the “Base Salaryby Executive.

Appears in 3 contracts

Sources: Executive Retention Agreement (Petrohawk Energy Corp), Executive Retention Agreement (Petrohawk Energy Corp), Executive Retention Agreement (Petrohawk Energy Corp)

Base Salary. During the Employment Term, the The Company shall pay the Executive a base salary at the annual rate of $ , $750,000 per annum. The Executive’s base salary shall be payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled payroll practices of the Company for its executives and subject to such increases in Executive’s base salary, if any, as may be determined increase from time to time by the Board (excluding the Executive), in the its sole discretion of the Boarddiscretion. Executive’s annual rate of The base salarysalary set forth in this Section 4(a), as in effect from time to timetime increased, is hereinafter hereafter referred to as the “Base Salary.”

Appears in 3 contracts

Sources: Employment Agreement (Ascend Wellness Holdings, Inc.), Employment Agreement (Ascend Wellness Holdings, LLC), Employment Agreement (Ascend Wellness Holdings, LLC)

Base Salary. During the Employment Term, the Company shall pay Executive a base salary (“Base Salary”) at the an annual rate of $ , $875,000 and payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled to such increases in Executive’s base salaryBase Salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.

Appears in 3 contracts

Sources: Employment Agreement, Employment Agreement (Invitation Homes Inc.), Employment Agreement (Invitation Homes Inc.)

Base Salary. During the Employment TermExecutive’s employment with the Company pursuant to this Agreement, the Company shall pay to the Executive a base salary at the annual an initial rate of $ , payable Two Hundred Fifty Thousand Dollars ($250,000) per annum in regular equal installments in accordance with as nearly as practicable on the Company’s usual payment practicesnormal payroll periods for employees of the Company generally (the “Base Salary”). Executive shall be entitled to such increases in Executive’s base salary, if any, as The Base Salary may be determined increased or decreased from time to time in at the sole discretion of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.

Appears in 3 contracts

Sources: Executive Employment Agreement (Si International Inc), Executive Employment Agreement (Si International Inc), Executive Employment Agreement (Si International Inc)

Base Salary. During the Employment Term, the The Company shall pay the Executive a base salary at the an annual rate of $ , payable base salary of $275,000.00 in regular periodic installments in accordance with the Company’s usual payment customary payroll practices, but no less frequently than monthly. Executive shall be entitled to such increases in The Executive’s annual base salary, if any, as salary may be determined increased from time to time in by the sole discretion of Compensation Committee, but may not be decreased without the BoardExecutive’s written consent. The Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.

Appears in 3 contracts

Sources: Employment Agreement (Bankwell Financial Group, Inc.), Employment Agreement (Bankwell Financial Group, Inc.), Employment Agreement (Bankwell Financial Group, Inc.)

Base Salary. During the Employment TermTerm of Employment, the Company Executive shall pay Executive a be paid an annual base salary at the annual rate (hereinafter "Base Salary") of $ , payable $95,400.00 which shall be paid in regular equal installments in accordance with the Company’s usual payment Bank's normal pay practices, but not less frequently than monthly. Executive's salary shall be reviewed by President of the Bank annually and Executive shall be entitled to receive annually an increase (but in no event a decrease) in such increases in Executive’s base salaryamount, if any, as may be determined from time to time in by the sole discretion President and Chief Executive Officer of the Board. Executive’s annual rate Bank and approved by the Board of base salary, as in effect from time to time, is hereinafter referred to as Directors of the “Base SalaryBank.

Appears in 3 contracts

Sources: Employment Agreement (Southern Community Bancshares Inc /Ga), Employment Agreement (Southern Community Bancshares Inc /Ga), Employment Agreement (Southern Community Bancshares Inc /Ga)

Base Salary. (a) During the Employment TermTerm of employment, the Company shall pay the Executive a an annual base salary at the annual rate of $ $150,000, payable in regular substantially equal installments in accordance with the Company’s usual payment practices. Executive that shall be entitled weekly, bi-weekly, semi-monthly or monthly, depending on the policy that the Company adopts for payment of base salary to such increases in its senior officers. (b) The Executive’s 's base salarysalary will be subject to review at least once at the end of each calendar year, if any, as may provided that upon each review the annual increase shall be determined from time to time in the sole discretion no less than 10% of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as Base for the “Base Salaryimmediately preceding year.

Appears in 3 contracts

Sources: Employment Agreement (Foreigntv Com Inc), Employment Agreement (Foreigntv Com Inc), Employment Agreement (Foreigntv Com Inc)

Base Salary. During In consideration of the services to be rendered as provided in Section 1 and during the Employment TermTerm that Executive serves for the Company, the Company shall hereby agrees to pay the Executive a base minimum annual salary at of Fifty Thousand Dollars ($50,000) (the annual rate of $ “Base Salary”), payable in regular equal monthly installments in accordance with the usual practice of the Company. The Executive’s usual payment practices. Executive Base Salary shall be entitled to such increases in Executive’s base salary, if any, as may be determined increased from time to time in at the sole discretion of the Board. Executive’s annual rate Board of base salaryDirectors, excluding the Executive in the capacity as in effect from time to time, is hereinafter referred to as the “Base Salarya Director.

Appears in 3 contracts

Sources: Employment Agreement (Inspired Builders, Inc.), Employment Agreement (Inspired Builders, Inc.), Employment Agreement (Inspired Builders, Inc.)

Base Salary. During In consideration of the Employment Termservices to be rendered under this Agreement, the Company shall pay Executive a an annual base salary at the annual rate of $ , payable in regular installments Two Hundred and Eighty-five Thousand Dollars ($285,000) (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s usual payment practicesregularly established payroll practice. Executive shall be entitled to such increases in Executive’s base salary, if any, as may Base Salary will be determined reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base SalaryCompany.

Appears in 3 contracts

Sources: Executive Employment Agreement (Credence Systems Corp), Executive Employment Agreement (Credence Systems Corp), Executive Employment Agreement (Credence Systems Corp)

Base Salary. During the Employment Term, the The Company shall pay Executive or cause to be paid to the Executive, during the term of employment, a base salary at the annual rate of $ , payable in regular installments in accordance with not less than $240,000 per annum (the “Base Salary”) on the Company’s usual payment practicesstandard payroll schedule. Executive shall be entitled to such increases in Executive’s base salaryThe Company may increase, if anybut not decrease, as may be determined the Base Salary at any time and from time to time in during the sole discretion term of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salaryemployment.

Appears in 3 contracts

Sources: Employment Agreement (Violin Memory Inc), Employment Agreement (Violin Memory Inc), Employment Agreement (Violin Memory Inc)

Base Salary. During the Employment Term, the Company shall pay Executive a an annual base salary at the annual rate of $ $323,950 in near equal, payable in regular periodic installments in accordance with the Company’s usual customary payroll practices and applicable wage payment practices. Executive shall be entitled to such increases in Executive’s base salarylaws, if any, as may be determined from time to time in the sole discretion of the Boardbut no less frequently than monthly. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Appears in 3 contracts

Sources: Executive Employment Agreement (Crexendo, Inc.), Executive Employment Agreement (Crexendo, Inc.), Executive Employment Agreement (Crexendo, Inc.)

Base Salary. During In consideration of the Employment Termservices and duties to be rendered and performed by the Executive, the Company shall will pay the Executive a base fixed salary at (the annual rate of $ "Base Salary"), payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled to such increases in Executive’s base salary, if any, as may be determined from time to time in the sole discretion policies of the BoardCompany of general application to executive personnel. Executive’s annual rate As of base salarythe date hereof, as those policies provide for payment of salaries to executive personnel in effect from time to timearrears in equal weekly installments at the end of each week. The amount of the Base Salary shall, is hereinafter referred to as unless otherwise increased by act of the “Base SalaryBoard of Directors, be $200,000."

Appears in 2 contracts

Sources: Employment Agreement (Weiners Stores Inc), Employment Agreement (Weiners Stores Inc)

Base Salary. During the Employment Term, the The Company shall pay the Executive a base salary at the an annual rate of $ , payable in regular installments in accordance base salary of $400,000. Such base salary shall be paid consistently with the Company’s usual payment then current pay practices. Executive shall be entitled to such increases in The Executive’s base salarysalary shall be reviewed at least annually by the Board and the Board may, if anybut shall not be required to, as may be determined from time to time increase (but not decrease) base salary then in effect during the sole discretion of the BoardEmployment Term. The Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.

Appears in 2 contracts

Sources: Employment Agreement (PLX Pharma Inc.), Employment Agreement (Dipexium Pharmaceuticals, Inc.)

Base Salary. During the Employment Term, the The Company shall pay the Executive a base salary at the annual rate of $ , $950,000 per annum (the “Base Salary”). The Executive’s base salary shall be payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled payroll practices of the Company for its executives and subject to such increases in Executive’s base salary, if any, as may be determined increase from time to time in the sole discretion of by the Board, in its sole discretion. Executive’s annual rate of The base salarysalary set forth in this Section 4(a), as in effect from time to timetime increased, is hereinafter hereafter referred to as the “Base Salary.”

Appears in 2 contracts

Sources: Non Plan Restricted Stock Unit Agreement (Ascend Wellness Holdings, Inc.), Employment Agreement (Ascend Wellness Holdings, Inc.)

Base Salary. During From the Effective Date and during the remainder of the Employment Term, the Company shall pay Executive a base salary at the annual rate of $ $1,350,000 annually, payable in regular installments in accordance with the Company’s usual payment practices. Executive shall may be entitled to such increases in Executive’s his base salary, if any, as may be determined from time to time salary in the sole discretion of the Board, which shall make such determinations following its annual review process for executives. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.”

Appears in 2 contracts

Sources: Employment Agreement (Energy Future Holdings Corp /TX/), Employment Agreement (Energy Future Holdings Corp /TX/)

Base Salary. During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $ Two Million Dollars ($2,000,000), payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled to such increases in Executive’s base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.”

Appears in 2 contracts

Sources: Employment Agreement (Ticketmaster Entertainment, Inc.), Employment Agreement (Ticketmaster Entertainment, Inc.)

Base Salary. During the Employment TermTerm of Employment, subject to the Company shall pay Executive a base salary at the annual rate of $ , payable in regular installments Executive’s performance in accordance with this Agreement, the Company’s usual payment practices. Executive shall be entitled to such increases an annual base salary of at least $420,000.00, payable in Executive’s base salaryequal biweekly installments by the Company, if any, as may be determined from time subject to time in annual increase by the sole discretion Board of Directors of the BoardCompany. Executive’s annual rate of The base salary, salary as shall be in effect from time to time, is hereinafter time hereunder shall be referred to herein as the “Base Salary.”

Appears in 2 contracts

Sources: Officer Employment Agreement (Bloomin' Brands, Inc.), Officer Employment Agreement (Cheeseburger-Ohio, Limited Partnership)

Base Salary. During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $ $175,000, payable in regular installments substantially equal periodic payments in accordance with the Company’s usual payment practices's practices for other executive employees, as such practices may be determined from time to time. Executive shall be entitled to such increases in Executive’s 's base salary, if any, as may be determined from time to time in the sole discretion of the Chief Financial Officer, the CEO and the Board. Executive’s 's annual rate of base salary, as in effect from time to time, is hereinafter referred to as the "Base Salary."

Appears in 2 contracts

Sources: Employment Agreement (Frontier Communications Corp), Employment Agreement (Citizens Communications Co)

Base Salary. During the Employment Term, the Company shall pay to the Executive a an annual base salary at the annual rate of $ $900,000, payable in regular installments in accordance with the Company’s usual payment practicescustomary payroll practices of the Company ("Base Salary"). The Executive shall be entitled to such increases in Executive’s base salaryincreases, if any, in Base Salary as may be determined from time to time in by the sole discretion Board or the compensation committee of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as Board (the “Base Salary"Compensation Committee").

Appears in 2 contracts

Sources: Employment Agreement (Albertsons Companies, Inc.), Employment Agreement (Albertsons Companies, Inc.)

Base Salary. During the Employment Term, in consideration of the performance by Executive of Executive’s obligations hereunder to Company and its parents, subsidiaries, affiliates and joint ventures (collectively, the “Company Group”), in any capacity (including any service as a director), Company shall pay Executive a base salary at the an annual rate Base Salary of $ $180,000, subject to revision from time to time (“Base Salary”). The Base Salary shall be payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled to such increases in Executive’s base salary, if any, as may be determined from time to time in the sole discretion payroll practices of the Board. Executive’s annual rate of base salary, Company as in effect from time to time, is hereinafter referred to as the “Base Salarytime for Company’s senior executives.

Appears in 2 contracts

Sources: Employment Agreement (Tropicana Las Vegas Hotel & Casino, Inc.), Employment Agreement (Tropicana Las Vegas Hotel & Casino, Inc.)

Base Salary. During the Employment Term, the Company shall pay Executive a Executive’s base salary at the annual rate of $ will be $180,000 annually (“Base Salary”), payable in regular installments less applicable deductions and withholdings as required by applicable law, paid in accordance with the Company’s usual payment practicesstandard payroll practices and prorated in any year where the Executive is not actively employed with the Company for the full calendar year. Executive shall be entitled to such increases in The Executive’s base salarysalary will be reviewed by the Board (or a designated committee thereof) on an annual basis, if any, as may be determined from time to time in based on personal and corporate achievements and the sole discretion overall financial performance of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base SalaryCompany.

Appears in 2 contracts

Sources: Executive Employment Agreement (DevvStream Corp.), Executive Employment Agreement (DevvStream Corp.)

Base Salary. During the Employment Term, the Company shall pay Executive a base salary (“Base Salary”) at the annual rate of $ $350,000, payable in regular installments in accordance with the Company’s usual payment practices. Executive Executive’s Base Salary shall be entitled subject to such increases in Executive’s base salary, if anyannual review and subject to increase, as may be determined from time to time in the sole discretion of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base SalaryCEO.

Appears in 2 contracts

Sources: Employment Agreement (Vivint Solar, Inc.), Employment Agreement (Vivint Solar, Inc.)

Base Salary. During the Employment TermExecutive’s employment hereunder, the Company shall pay Executive a base salary at the annual annualized rate of $ $400,000, payable in regular installments in accordance with the Company’s usual payment practicespractices from time to time. Executive shall be entitled to such increases annual performance and salary review, and any increase in Executive’s base salary, if any, as may salary shall be determined from time to time in the sole discretion of the Compensation Committee of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.

Appears in 2 contracts

Sources: Employment Agreement (Lantheus Medical Imaging, Inc.), Employment Agreement (Lantheus Holdings, Inc.)

Base Salary. During the Employment TermPeriod, the Company shall pay Executive a base salary at the annual rate of $ $525,000, payable subject to review and change by the Board at its discretion, which will be paid in regular installments in accordance a manner consistent with the Company’s usual payment customary payroll practices. Executive shall be entitled to such increases in Executive’s base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive’s annual rate of base salary, as in effect from time to time, salary payable hereunder is hereinafter referred to herein as the “Base Salary.

Appears in 2 contracts

Sources: Employment Agreement (Questcor Pharmaceuticals Inc), Employment Agreement (Questcor Pharmaceuticals Inc)

Base Salary. During the Employment Term, the Company shall agrees to pay or cause to be paid to the Executive a an annual base salary at the annual rate of $ , payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled to such increases in Executive’s base salary, if any, $220,000.00 or as may be determined increased from time to time in the sole discretion of the Board. Executive’s annual rate CEO of base salary, as in effect from time to time, is the Company (hereinafter referred to as the "Base Salary"). Such Base Salary shall be earned and accrued on a per day basis and be payable in accordance with the Company's customary practices applicable to its executives.

Appears in 2 contracts

Sources: Employment Agreement (Aki Holding Corp), Employment Agreement (Aki Inc)

Base Salary. During the Employment TermTerm of Employment, the Company Executive shall pay Executive a base salary at the be paid an annual rate of $ Base Salary, payable in accordance with the regular installments payroll practices of the Company, of $220,000. The Base Salary may be increased (but not decreased) at any time and from time to time by action of the Board or by any committee thereof or any individual having authority to take such action in accordance with the Company’s usual payment 's regular practices. Executive Once increased, any reference to Base Salary herein shall be entitled a reference to such increases in Executive’s base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salaryincreased amount.

Appears in 2 contracts

Sources: Employment Agreement (Metallurg Inc), Employment Agreement (Metallurg Inc)

Base Salary. During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $ , no less than $475,000 payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled to such increases in Executive’s base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.”

Appears in 2 contracts

Sources: Employment Agreement (Travelport LTD), Employment Agreement (Travelport LTD)

Base Salary. During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $ $400,000, payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled to such increases (but not decreases) in Executive’s base salary, if any, as may be determined from time to time on an annual basis in the sole discretion of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.”

Appears in 2 contracts

Sources: Employment Agreement (Sourcefire Inc), Employment Agreement (Serena Software Inc)

Base Salary. During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $ $385,000, payable in regular installments in accordance with the Company’s usual payment payroll practices. Executive shall be entitled to such increases in Executive’s base salary, if any, as may be determined from time to time in by the sole discretion compensation committee of the Board, based upon the recommendation of the CEO. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.”

Appears in 2 contracts

Sources: Employment Agreement (Cooper-Standard Holdings Inc.), Employment Agreement (Cooper-Standard Holdings Inc.)

Base Salary. During the Employment TermExecutive's employment with the Company pursuant to this Agreement, the Company shall pay to the Executive a base salary at the annual an initial rate of $ , payable Two Hundred Fifty Thousand Dollars ($250,000) per annum in regular equal installments in accordance with as nearly as practicable on the Company’s usual payment practicesnormal payroll periods for employees of the Company generally (the "Base Salary"). Executive shall be entitled to such increases in Executive’s base salary, if any, as The Base Salary may be determined increased or decreased from time to time in at the sole discretion of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.

Appears in 2 contracts

Sources: Executive Employment Agreement (Si International Inc), Executive Employment Agreement (Si International Inc)

Base Salary. During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $ , no less than $500,000 payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled to such increases in Executive’s base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.”

Appears in 2 contracts

Sources: Employment Agreement (Travelport LTD), Employment Agreement (Travelport LTD)

Base Salary. During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $ $450,000, payable in regular installments substantially equal periodic payments in accordance with the Company’s usual payment practicespractices for other executive employees, as such practices may be determined from time to time. Executive shall be entitled to such increases in Executive’s base salary, if any, as may be determined from time to time in the sole discretion of the BoardBoard or any appropriate committee or delegee thereof, which shall at least annually review Executive’s rate of base salary to determine if any such increase shall be made. Executive’s annual rate of base salary, as in effect from time to timetime hereunder, is hereinafter referred to as the “Base Salary.”

Appears in 2 contracts

Sources: Employment Agreement (Toys R Us Inc), Employment Agreement (Toys R Us Inc)

Base Salary. During the Employment TermPeriod of Employment, the Company shall pay the Executive a base salary at (the annual rate of $ “Base Salary”), payable in regular installments which shall be paid in accordance with the Company’s usual payment practices. Executive shall be entitled to such increases in Executive’s base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive’s annual rate of base salary, as regular payroll practices in effect from time to timetime but not less frequently than in monthly installments. The Executive’s Base Salary shall be at an annualized rate of two hundred eighty thousand Dollars ($280,000). The Board (or a committee thereof) may, is hereinafter referred to as in its sole discretion, increase (but not decrease) the Executive’s rate of Base Salary.

Appears in 2 contracts

Sources: Employment Agreement (Cepton, Inc.), Employment Agreement (Cepton, Inc.)

Base Salary. During the Employment Term, the Company shall pay the Executive a base salary at the annual rate of $ salary, payable in regular equal installments in accordance with the Company’s usual payment practicesCompany payroll procedures, at an annual rate of Three Hundred Twenty Thousand Dollars ($320,000.00), pro-rated to reflect any partial year of employment. Executive The Board or a committee thereof shall be entitled to such increases in review Executive’s base salary, if any, as salary on an annual basis and may be determined from time to time in the sole discretion of the Board. increase Executive’s annual rate of base salary, as in effect salary from time to time, is hereinafter referred to as in which case such increased salary then shall become the “Base SalaryExecutive’s base salary for purposes of this Agreement.

Appears in 2 contracts

Sources: Employment Agreement (Americold Realty Trust), Employment Agreement (Americold Realty Trust)

Base Salary. During the Employment Term, the Company shall pay Executive a base salary salary, subject to increase at the discretion of the Board of Directors of the Company (the "Board"), at the annual rate of $ $200,000 (the "Base Salary"), payable in regular installments in accordance with the Company’s 's usual payment payroll practices. Executive shall be entitled to such increases in Executive’s base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.

Appears in 2 contracts

Sources: Employment Agreement (Apricus Biosciences, Inc.), Employment Agreement (Nexmed Inc)

Base Salary. During the Employment Term, the Company shall pay the Executive a base salary at the annual rate of $ salary, payable in regular equal installments in accordance with the Company’s usual payment practicesCompany payroll procedures, at an annual rate of Eight Hundred Fifty Thousand Dollars ($850,000), pro-rated to reflect any partial year of employment. Executive The Board or a committee thereof shall be entitled to such increases in review Executive’s base salary, if any, as salary on an annual basis and may be determined from time to time in the sole discretion of the Board. increase Executive’s annual rate of base salary, as in effect salary from time to time, is hereinafter referred to as in which case such increased salary then shall become the “Base SalaryExecutive’s base salary for purposes of this Agreement.

Appears in 2 contracts

Sources: Employment Agreement (Americold Realty Trust), Employment Agreement (Americold Realty Trust)

Base Salary. During the Employment Term, the The Company shall pay Executive a base an aggregate annual salary at the annual rate of $ $200,000 per annum during the Employment Period ("Base Salary"), subject to withholding for applicable federal, state and local taxes. Base Salary shall be payable in regular installments in accordance with the Company’s usual payment 's normal business practices, but in no event less frequently than monthly. Executive Executive's Base Salary shall be entitled to such increases in Executive’s base salary, if any, as reviewed no less frequently than annually by the Company and may be determined from time to time in increased, but not decreased, by the sole discretion of Company during the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base SalaryEmployment Period.

Appears in 2 contracts

Sources: Employment Agreement (Beacon Capital Partners Inc), Employment Agreement (Beacon Capital Partners Inc)

Base Salary. During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $ six hundred twenty-five thousand dollars ($625,000) per year, payable in regular equal installments in accordance with the ordinary payroll practices of the Company’s usual payment practices. Executive shall be entitled to such increases in Executive’s base salarysalary will be reviewed by the Board annually and may be increased at the Board’s discretion but may not be decreased. The base salary as determined herein, if any, and as may be determined increased from time to time in (at the sole discretion of the Board. Executive’s annual rate of base salary), as in effect from time to time, is hereinafter referred to as the constitutes “Base Salary” for purposes of this Agreement.

Appears in 2 contracts

Sources: Employment Agreement (Wheels Up Experience Inc.), Employment Agreement (Wheels Up Experience Inc.)

Base Salary. During the Employment TermExecutive's employment with the Company, the Company shall pay to the Executive a base salary at the annual a rate of $ , payable not less than Two Hundred Thousand Dollars ($200,000) per annum in regular equal installments in accordance with as nearly as practicable on the Company’s usual payment practicesnormal payroll periods for employees of the Company generally (the "Base Salary"). Executive shall be entitled to such increases in Executive’s base salary, if any, as The Base Salary may be determined increased from time to time in and, if so increased, shall not thereafter be decreased during the sole discretion term of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salarythis Agreement.

Appears in 2 contracts

Sources: Severance Agreement (Versatility Inc), Severance Agreement (Versatility Inc)

Base Salary. During the Employment Term, the The Company shall pay Executive or cause to be paid to the Executive, during the term of employment, a base salary at the annual rate of $ , payable in regular installments in accordance with not less than $400,000 per annum (the “Base Salary”) on the Company’s usual payment practicesstandard payroll schedule. Executive shall be entitled to such increases in Executive’s base salaryThe Company may increase, if anybut not decrease, as may be determined the Base Salary at any time and from time to time in during the sole discretion term of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salaryemployment.

Appears in 2 contracts

Sources: Employment Agreement (Violin Memory Inc), Employment Agreement (Violin Memory Inc)

Base Salary. During Subject to adjustment based on the Employment TermOffering as defined below, the Company shall pay the Executive a base salary at the an annual rate of $ , payable base salary of $183,300 in regular periodic installments in accordance with the Company’s usual customary payroll practices and applicable wage payment practiceslaws, but no less frequently than monthly. Executive shall be entitled to such increases in Executive’s base salary, if any, as may be determined from time to time in the sole discretion of the Board. The Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.

Appears in 2 contracts

Sources: Employment Agreement (Lipella Pharmaceuticals Inc), Employment Agreement (Lipella Pharmaceuticals Inc)

Base Salary. During The Company shall, during the Employment Term, pay the Company shall pay Executive a base salary of at the annual rate of $ least $250,000 per year, payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled to such increases in Executive’s base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive’s annual rate of base salary, as 's regular payroll practice in effect from time to time, is hereinafter referred less applicable withholding and payroll deductions. The Company agrees to as consider increasing such base salary at least annually during the “Base SalaryEmployment Term, but shall not be obligated to effectuate such an increase.

Appears in 2 contracts

Sources: Executive Employment Agreement (Texas Capital Bancshares Inc/Tx), Executive Employment Agreement (Texas Capital Bancshares Inc/Tx)

Base Salary. During the Employment TermTerm of Employment, the Company shall pay Group agrees to provide Executive a with an annual base salary at the annual rate of $ , payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled to such increases in Executive’s base salary, if any, (as it may be determined increased from time to time time, the “Base Salary”) of $450,000. The Base Salary amount shall be subject to annual review and adjustment but will not be decreased in any event. Sharecare will pay Executive the sole discretion of the Board. Executive’s annual rate of base salary, as Base Salary in substantially equal periodic installments according to its standard payroll practices in effect from time to time, is hereinafter referred to as the “Base Salarybut no less frequently than once per month.

Appears in 2 contracts

Sources: Employment Agreement (Sharecare, Inc.), Employment Agreement (Sharecare, Inc.)

Base Salary. During As of the Employment TermEffective Date and during the Period of Employment, the Company Corporation shall pay to the Executive a base salary at the annual rate of $ $250,000 per year, payable subject to increase (but not decrease) by the Board (the “Base Salary”) with the sole exception set forth in regular installments Section 3.2 below. The Executive’s Base Salary shall be paid in accordance with the CompanyCorporation’s usual payment practices. Executive shall be entitled to such increases in Executive’s base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive’s annual rate of base salary, as regular payroll practices in effect from time to time, is hereinafter referred to as the “Base Salarybut not less frequently than in monthly installments.

Appears in 2 contracts

Sources: Employment Agreement (Oculus Innovative Sciences, Inc.), Employment Agreement (Oculus Innovative Sciences, Inc.)

Base Salary. During each of the first two years of the Employment Term, the Company shall pay Executive a base salary at the annual rate of $ not less than $500,000, payable in regular installments in accordance with the Company’s usual payment normal payroll practices. Executive shall be entitled to such increases in Executive’s base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.”

Appears in 2 contracts

Sources: Employment Agreement (Artio Global Investors Inc.), Employment Agreement (Artio Global Investors Inc.)

Base Salary. During the Employment Term, the Company shall pay the Executive a base salary at the annual rate of $ salary, payable in regular equal installments in accordance with the Company’s usual payment practicesCompany payroll procedures, at an annual rate of Three Hundred Seventy Five Thousand Dollars ($375,000.00), pro-rated to reflect any partial year of employment. Executive The Board or a committee thereof shall be entitled to such increases in review Executive’s base salary, if any, as salary on an annual basis and may be determined from time to time in the sole discretion of the Board. increase Executive’s annual rate of base salary, as in effect salary from time to time, is hereinafter referred to as in which case such increased salary then shall become the “Base SalaryExecutive’s base salary for purposes of this Agreement.

Appears in 2 contracts

Sources: Employment Agreement (Americold Realty Trust), Employment Agreement (Americold Realty Trust)

Base Salary. During the Employment Term, the Company shall pay Executive a base salary at the an annual rate of $ $550,000, payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled to such increases normal payroll practices for employees as in Executive’s base salary, if any, as may be determined effect from time to time in the sole discretion of the Boardtime. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.” The Base Salary shall be subject to annual review for potential increase (but not decrease) by the Board (or a duly authorized committee of the Board).

Appears in 2 contracts

Sources: Employment Agreement (Presidio Investment Holdings LLC), Employment Agreement (Presidio Investment Holdings LLC)

Base Salary. During the Employment Term, the Company shall pay the Executive a base salary at the annual rate of $ salary, payable in regular equal installments in accordance with the Company’s usual payment practicesCompany payroll procedures, at an annual rate of Four Hundred Fifty Thousand Dollars ($450,000.00), pro-rated to reflect any partial year of employment. Executive The Board or a committee thereof shall be entitled to such increases in review Executive’s base salary, if any, as salary on an annual basis and may be determined from time to time in the sole discretion of the Board. increase Executive’s annual rate of base salary, as in effect salary from time to time, is hereinafter referred to as in which case such increased salary then shall become the “Base SalaryExecutive’s base salary for purposes of this Agreement.

Appears in 2 contracts

Sources: Employment Agreement (Americold Realty Trust), Employment Agreement (Americold Realty Trust)

Base Salary. During the Employment Term, the Company shall pay Executive a base salary (the “Base Salary”) at the annual rate of $ $176,000, payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled to such increases in Executive’s base salaryBase Salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.

Appears in 2 contracts

Sources: Employment Agreement (El Pollo Loco, Inc.), Employment Agreement (El Pollo Loco, Inc.)

Base Salary. During As compensation for the performance by the Executive of his obligations hereunder, during the Employment TermPeriod, the Company shall pay the Executive a base salary at the annual rate of $ three hundred seventy five thousand ($375,000) per annum, payable which amount may be increased from time to time during the Employment Period by the Board in regular its sole discretion ("Base Salary"). Base Salary shall be paid in approximately equal installments in accordance with the Company’s usual payment 's customary payroll practices. Executive shall be entitled to such increases in Executive’s base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.

Appears in 2 contracts

Sources: Employment Agreement (Affordable Residential Communities Inc), Employment Agreement (Affordable Residential Communities Inc)

Base Salary. During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $ U.S.$500,000, payable in regular installments in accordance with the Company’s usual payment practicespractices for senior executives. Executive shall be entitled to such increases in Executive’s base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.”

Appears in 2 contracts

Sources: Employment Agreement (Medquist Inc), Employment Agreement (MedQuist Holdings Inc.)

Base Salary. During the Employment TermTerm of Employment, the Company shall pay Group agrees to provide Executive a with an annual base salary at the annual rate of $ , payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled to such increases in Executive’s base salary, if any, (as it may be determined increased from time to time time, the “Base Salary”) of $500,000. The Base Salary amount shall be subject to annual review and adjustment but will not be decreased in any event. Sharecare will pay Executive the sole discretion of the Board. Executive’s annual rate of base salary, as Base Salary in substantially equal periodic installments according to its standard payroll practices in effect from time to time, is hereinafter referred to as the “Base Salarybut no less frequently than once per month.

Appears in 2 contracts

Sources: Employment Agreement (Sharecare, Inc.), Employment Agreement (Sharecare, Inc.)

Base Salary. During the Employment Term, the Period Company shall pay to Executive a an annual base salary salary, which at the annual rate of $ Effective Date is $400,000.00 per annum, subject to all appropriate federal and state withholding taxes and which shall be payable in regular installments in accordance with the Company’s usual payment practicesnormal payroll practices and procedures. Executive shall be entitled to such increases in Executive’s base salarysalary shall be reviewed annually by the Board, if anyor a committee of the Board, as and may be determined from time to time increased in the sole discretion of the Board, or such committee of the Board. Executive’s annual rate of base salary, as in effect from time to timesuch base salary may be increased hereunder, is hereinafter referred to as the “Base Salary.”

Appears in 2 contracts

Sources: Employment Agreement (3d Systems Corp), Employment Agreement (3d Systems Corp)

Base Salary. During the Employment Term, the Company shall pay to the Executive a an annual base salary of $650,000 (the “Base Salary”), which Base Salary shall be payable at the annual rate of $ , payable times and in regular installments in accordance the manner consistent with the Company’s usual payment practicesgeneral policies regarding compensation of the Company’s senior executives. The Base Salary will be reviewed periodically by the Chief Executive shall be entitled to such increases in Executive’s base salary, if any, as Officer and may be determined increased (but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives) from time to time in the Chief Executive Officer’s sole discretion of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salarydiscretion.

Appears in 2 contracts

Sources: Employment Agreement (Sprint Nextel Corp), Employment Agreement (Sprint Nextel Corp)

Base Salary. During the Employment Term, the Company shall pay Executive a base salary (“Base Salary”) at the an annual rate of $ , $500,000 and payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled to such increases in Executive’s base salaryBase Salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.

Appears in 2 contracts

Sources: Employment Agreement (Invitation Homes Inc.), Employment Agreement (Invitation Homes Inc.)

Base Salary. During the Employment Term, the Company shall pay the Executive a base salary (the “Base Salary”) at the annual annualized rate of $ $435,000, which shall be subject to customary withholdings and authorized deductions and be payable in regular equal installments in accordance with the Company’s usual payment practices. Executive shall be entitled to such increases customary payroll practices in Executive’s base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive’s annual rate of base salary, as in effect place from time to time, is hereinafter referred . The Executive’s Base salary shall be subject to periodic adjustments as the “Base SalaryCEO shall in his discretion deem appropriate.

Appears in 2 contracts

Sources: Employment Agreement (Provention Bio, Inc.), Employment Agreement (Provention Bio, Inc.)

Base Salary. During the Employment Term, the The Company shall pay the Executive a base salary at the annual rate of $ , $200,000 per annum (the “Base Salary”). The Executive’s Base Salary shall be payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled payroll practices of the Company for its executives and subject to such increases in Executive’s base salary, if any, as may be determined increase from time to time in the sole discretion of by the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salaryits sole discretion.

Appears in 2 contracts

Sources: Employment Agreement (Ascend Wellness Holdings, Inc.), Employment Agreement

Base Salary. During the Employment TermExecutive's employment with the Company, the Company shall pay to the Executive a base salary at the annual a rate of $ , payable not less than One Hundred Sixty-Five Thousand Dollars ($165,000) per annum in regular equal installments in accordance with as nearly as practicable on the Company’s usual payment practicesnormal payroll periods for employees of the Company generally (the "Base Salary"). Executive shall be entitled to such increases in Executive’s base salary, if any, as The Base Salary may be determined increased from time to time in and, if so increased, shall not thereafter be decreased during the sole discretion term of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salarythis Agreement.

Appears in 2 contracts

Sources: Severance Agreement (Computer Learning Centers Inc), Severance Agreement (Computer Learning Centers Inc)

Base Salary. During the Employment TermTerm of Employment, the Company Executive shall pay Executive a base salary at the be paid an annual rate of $ Base Salary, payable in accordance with the regular installments payroll practices of the Company, of $260,000. The Base Salary may be increased (but not decreased) at any time and from time to time by action of the Board or by any committee thereof or any individual having authority to take such action in accordance with the Company’s usual payment 's regular practices. Executive Once increased, any reference to Base Salary herein shall be entitled a reference to such increases in Executive’s base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salaryincreased amount.

Appears in 2 contracts

Sources: Employment Agreement (Metallurg Holdings Inc), Employment Agreement (Metallurg Inc)

Base Salary. During the Employment TermTerm of Employment, the Company Executive shall pay Executive a base salary at the be paid an annual rate of $ Base Salary, payable in accordance with the regular installments payroll practices of the Company, of $240,000. The Base Salary may be increased (but not decreased) at any time and from time to time by action of the Board or by any committee thereof or any individual having authority to take such action in accordance with the Company’s usual payment 's regular practices. Executive Once increased, any reference to Base Salary herein shall be entitled a reference to such increases in Executive’s base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salaryincreased amount.

Appears in 2 contracts

Sources: Employment Agreement (Metallurg Holdings Inc), Employment Agreement (Metallurg Inc)

Base Salary. During the Employment Term, the Company The Employer shall pay to Executive a base during the term of employment hereunder an annual salary at of $120,000 ("Base Salary"), subject to review and increase by the annual rate Board of $ , payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled to such increases in Executive’s base salary, if any, as may be determined from time to time in the sole discretion Directors of the Board. Executive’s annual rate of base salary, as in effect Employer from time to time. Such salary shall be paid by the Employer to Executive in semi-monthly installments, is hereinafter referred less amounts which the Employer may be required to as the “Base Salarywithhold from such payments by applicable federal, state or local laws or regulations.

Appears in 2 contracts

Sources: Employment Agreement (Terrace Holdings Inc), Employment Agreement (Terrace Holdings Inc)

Base Salary. During the Employment Term, the Company Executive shall pay Executive be paid a base salary at the annual rate (“Base Salary”) of $ $37,500 per month (or $450,000 on an annualized basis), payable in regular installments subject to applicable withholdings, in accordance with the Company’s usual payment practicesnormal payroll procedures. Executive Executive’s Base Salary shall be entitled reviewed on an annual basis by the Board for possible increase (but not decrease) based on the Company’s operating results and financial condition, salaries paid to such increases in Executive’s base salaryother Company executives, and general marketplace and other applicable considerations. Such increased Base Salary, if any, as may be determined from time to time in the sole discretion of the Board. shall then constitute Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary” for purposes of this Agreement.

Appears in 2 contracts

Sources: Employment Agreement (Innerworkings Inc), Employment Agreement (Innerworkings Inc)

Base Salary. During the Employment Term, the Company shall pay to the Executive a an annual base salary at the annual rate of $ , payable $1,000,000. The Executive's base salary shall be paid in regular substantially equal installments in accordance on a basis consistent with the Company’s usual payment practices. Executive 's payroll practices and shall be entitled subject to such increases in Executive’s base salaryincreases, if any, as may be determined from time to time in the sole discretion of the Board. The Executive’s annual rate of 's base salary, as in effect from time to at any time, is hereinafter referred to as the "Base Salary."

Appears in 2 contracts

Sources: Employment Agreement (Polo Ralph Lauren Corp), Employment Agreement (Polo Ralph Lauren Corp)

Base Salary. During As compensation for the Employment TermExecutive’s employment hereunder, the Company Executive shall pay Executive be entitled to receive a base salary at the annual a rate of $ , $375,000 per annum payable in regular installments (and subject to withholding) in accordance with the Company’s usual payment practices. Executive shall be entitled to such increases in Executive’s base salary, if any, as may be determined normal payroll practices from time to time in effect. The base salary may be increased, but not decreased, from time to time at the sole discretion of the Board. Executive’s annual rate of (The base salary, salary as in effect increased from time to time, is time being hereinafter referred to as the “Base Salary.”)

Appears in 2 contracts

Sources: Employment Agreement (Bionovo Inc), Employment Agreement (Bionovo Inc)

Base Salary. During the Employment Termterm hereof, the Company shall pay the Executive a base salary at the annual rate of $ $750,000 per year, payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled payroll practices of the Company for its executives and subject to such increases in Executive’s base salary, if any, as may be determined increase from time to time by the Board in the its sole discretion of the Boarddiscretion. Executive’s annual rate of Such base salary, as in effect from time to timetime increased, is hereinafter hereafter referred to as the “Base Salary.

Appears in 2 contracts

Sources: Employment Agreement (Dominos Pizza Inc), Employment Agreement (Dominos Pizza Inc)

Base Salary. During the Employment Term, the Company shall pay Executive a an initial base salary at the annual rate of $ $325,000, payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled to such increases in Executive’s base salary, if any, as salary may be determined from time to time increased in the sole discretion of the BoardCompensation Committee of the Board (the “Committee”). Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.”

Appears in 2 contracts

Sources: Employment Agreement (Shattuck Labs, Inc.), Employment Agreement (Shattuck Labs, Inc.)

Base Salary. During the Employment Term, the Company Executive shall pay Executive be paid a base salary (“Base Salary”) at the annual rate of $ $250,000, payable in regular bi-weekly installments in accordance consistent with the Company’s usual payment payroll practices. Executive The annual Base Salary shall be entitled to such increases in increased 10% on or before [January 1,2019] of each year, unless Executive’s base salaryemployment hereunder shall have been terminated earlier pursuant to this Agreement, if any, as may be determined from time to time in the sole discretion of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salarystarting on January 1 ,2019.

Appears in 2 contracts

Sources: Master Grower Employment Agreement (OrgHarvest, Inc.), Master Grower Employment Agreement (OrgHarvest, Inc.)

Base Salary. During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $ , $240,000 payable in regular installments in accordance with the Company’s usual payment practicespayroll practices (the “Base Salary”). Executive shall be entitled to such increases in Executive’s base salaryBase Salary, if any, as may be determined from time to time on at least an annual basis in the sole discretion of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base SalaryIES.

Appears in 2 contracts

Sources: Employment Agreement (Integrated Electrical Services Inc), Employment Agreement (Integrated Electrical Services Inc)

Base Salary. During the Employment Term, the Company shall initially pay Executive a base salary at the annual an annualized rate of $ Three Hundred Eighty Thousand Dollars and No Cents ($380,000.00), payable in regular installments in accordance with the Company’s usual payment practices. Executive shall will be entitled to such eligible for increases in Executive’s base salary, if any, as may be determined from time to time in accordance with the Company’s Salary Administration Policy and in the sole discretion of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.”

Appears in 2 contracts

Sources: Employment Agreement, Employment Agreement (Horace Mann Educators Corp /De/)

Base Salary. During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $ $450,000, payable in regular installments in accordance with the Company’s 's usual payment practices. Executive shall be entitled to such increases in Executive’s 's base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive’s 's annual rate of base salary, as in effect from time to time, is hereinafter referred to as the "Base Salary."

Appears in 2 contracts

Sources: Employment Agreement (Volume Services America Inc), Employment Agreement (Volume Services America Inc)

Base Salary. During the Employment Term, the Company shall Employer agrees to pay Executive a during the Term of Employment an annual base salary at of $204,000 ("Base Salary"), which amount may be increased but may not be decreased, without the annual rate consent of $ Executive, payable in regular installments in accordance with during the Company’s usual payment practicesTerm of Employment. Executive Executive's base salary shall be entitled to such increases paid in Executive’s base salary, if any, as may be determined from time to time in equal semi-monthly installments on the sole discretion 15th and final day of each month during the Board. Executive’s annual rate Term of base salary, as in effect from time to time, is hereinafter referred to as the “Base SalaryEmployment.

Appears in 2 contracts

Sources: Employment Agreement (Uqm Technologies Inc), Employment Agreement (Uqm Technologies Inc)

Base Salary. During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $ $275,000, payable in regular installments in accordance with the Company’s 's usual payment practices. Executive shall be entitled to such increases in Executive’s 's base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive’s 's annual rate of base salary, as in effect from time to time, is hereinafter referred to as the "Base Salary."

Appears in 2 contracts

Sources: Employment Agreement (Wix Filtration Media Specialists, Inc.), Employment Agreement (Wix Filtration Media Specialists, Inc.)

Base Salary. During the Employment TermSubject to section 5.2(b)(i) hereof, the Company shall pay the Executive a base salary at the an annual rate of $ , payable base salary of three hundred thirty thousand dollars ($330,000) in regular periodic installments in accordance with the Company’s usual payment 's customary payroll practices, but no less frequently than monthly. Executive The Executive's base salary shall be entitled to such increases in reviewed at least annually by the Company’s CEO, and the CEO may, but shall not be required to, increase the base salary during the Executive’s base salary, if any, as may be determined from time to time in employment with the sole discretion of the BoardCompany. The Executive’s 's annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “"Base Salary".

Appears in 2 contracts

Sources: Executive Employment Agreement (Veru Inc.), Executive Employment Agreement (Veru Inc.)