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
Samples: Employment Agreement (PBF Energy Inc.), Employment Agreement (PBF Energy Inc.), Employment Agreement (PBF Energy Inc.)
Base Salary. During the Employment Term, the The Company shall pay to Executive a base salary at the annual rate (“Base Salary”) of $ $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 payroll policies from time to time in effect at the sole discretion of the BoardCompany. Executive’s Base Salary may be subject to increase (but shall not be subject to decrease) on an annual rate of base salary, as in effect from time to time, is hereinafter referred to basis as the Board of Directors of the Company or any committee thereof (the “Base SalaryBoard of Directors”) shall determine.”
Appears in 5 contracts
Samples: Employment Agreement (NewStar Financial, Inc.), Employment Agreement (NewStar Financial, Inc.), Employment Agreement (NewStar Financial, Inc.)
Base Salary. During the Employment Term, the The Company shall pay Executive a base salary at the annual initial annualized rate of $ , payable in regular installments $700,000 (“Base Salary”) in accordance with the Company’s usual payment practicesregular payroll schedule. Executive shall be entitled to such increases in Executive’s base salary, if any, Base Salary 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 SalaryCompany.”
Appears in 5 contracts
Samples: Executive Employment Agreement, Executive Employment Agreement (Citizens Financial Group Inc/Ri), Executive Employment Agreement (Citizens Financial Group Inc/Ri)
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
Samples: 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 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
Samples: 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
Samples: 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 $ $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
Samples: 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 $ $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
Samples: Employment Agreement (Cohen & Steers Inc), Employment Agreement (Cohen & Steers Inc), Employment Agreement (Cohen & Steers 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
Samples: 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 (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
Samples: 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 Base Salary at the annual rate of $ , One Hundred Eighty Thousand Dollars ($180,000). 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 's Base Salary may be determined reviewed annually by the Board or the Compensation Committee and may be increased, but not decreased, from time to time in by the sole discretion of Board or the BoardCompensation Committee. Executive’s annual rate of base salaryThe Base Salary as determined as aforesaid, as in effect from time to time, is hereinafter referred to as time for the “Base Salaryapplicable fiscal year shall constitute "BASE SALARY" for purposes of this Agreement.”
Appears in 4 contracts
Samples: Employment Agreement (Eventures Group Inc), Employment Agreement (Eventures Group Inc), Employment Agreement (Eventures Group 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
Samples: Employment Agreement (Colfax CORP), Employment Agreement (DJO Finance LLC), Employment Agreement (Pinnacle Foods Finance LLC)
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
Samples: 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 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
Samples: 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 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
Samples: 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 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
Samples: Employment Agreement (Southern Community Bancshares Inc /Ga), Employment Agreement (Southern Community Bancshares Inc /Ga), Employment Agreement (Southern Community Bancshares 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
Samples: Employment Agreement (Southern Community Bancshares Inc /Ga), Employment Agreement (Southern Community Bancshares Inc /Ga), Employment Agreement (Southern Community Bancshares Inc /Ga)
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
Samples: Employment Agreement (Inspired Builders, Inc.), Employment Agreement (Inspired Builders, Inc.), Employment Agreement (Inspired Builders, Inc.)
Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary at the annual Executive’s base salary rate on the date of $ this Agreement, subject to increase from time to time as determined by the Board, upon recommendation of the Direct Supervisor, or if such Direct Supervisor is not an officer of the Company, an officer of the Company (“Base Salary”). The Executive’s Base Salary shall be payable in regular installments in accordance with the Company’s usual payment practices. Executive normal payroll procedures and shall not during the Term be entitled to such increases in Executive’s base salary, if any, as may be determined from time to time in reduced below the sole discretion of the Board. Executive’s annual rate payable to the Executive on the date of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salarythis Agreement.”
Appears in 3 contracts
Samples: Employment Agreement (Endurance Specialty Holdings LTD), Employment Agreement (Endurance Specialty Holdings LTD), Amended and Restated (Endurance Specialty Holdings LTD)
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
Samples: 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 (“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
Samples: Employment Agreement, Employment Agreement (Invitation Homes Inc.), Employment Agreement (Invitation Homes Inc.)
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 3 contracts
Samples: Employment Agreement (Ascend Wellness Holdings, Inc.), Employment Agreement, Employment Agreement (Ascend Wellness Holdings, Inc.)
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
Samples: 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 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
Samples: Employment Agreement (CBaySystems Holdings LTD), Employment Agreement (CBaySystems Holdings LTD), Employment Agreement (Medquist 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 3 contracts
Samples: Employment Agreement (MariaDB PLC), Employment Agreement (MariaDB PLC), Employment Agreement (MariaDB PLC)
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
Samples: Employment Agreement (CBaySystems Holdings LTD), Employment Agreement (CBaySystems Holdings LTD), Employment Agreement (CBaySystems Holdings LTD)
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
Samples: 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
Samples: Employment Agreement (Ascend Wellness Holdings, LLC), Employment Agreement (Ascend Wellness Holdings, LLC), Employment Agreement (Ascend Wellness Holdings, LLC)
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
Samples: Consulting Agreement (Petrohawk Energy Corp), Executive Retention Agreement (Petrohawk Energy Corp), Executive Retention Agreement (Petrohawk Energy Corp)
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
Samples: Employment Agreement (NCS Multistage Holdings, Inc.), Employment Agreement (NCS Multistage Holdings, Inc.), Employment Agreement (NCS Multistage Holdings, Inc.)
Base Salary. During The Executive shall be entitled to receive a salary from the Company during the Employment TermPeriod at a rate per year indicated on Schedule A hereto (the “Base Salary”). Once the Board has established the Base Salary, the Company such Base Salary shall pay Executive a base salary at the annual rate of $ , be payable in regular monthly installments in accordance with the Company’s usual payment customary payroll practices. Executive shall be entitled to such increases in The Executive’s base salary, if any, as Base Salary may be determined from time to time in the sole discretion increased on each anniversary of the Effective Date, at the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salarysole discretion.”
Appears in 3 contracts
Samples: Employment Agreement (Neonc Technologies Holdings, Inc.), Employment Agreement (Neonc Technologies Holdings, Inc.), Employment Agreement (Neonc Technologies Holdings, Inc.)
Base Salary. During As consideration for Executive's services performed during the Employment Term, the Company shall agrees to pay Executive a base salary at of $350,000 per year (the annual rate of $ "Base Salary") payable, payable in regular installments in accordance with the Company’s usual payment practicesnormal payroll practices of the Company for its executives, and subject to federal and state tax withholding. Executive The Base Salary shall be entitled to such increases in Executive’s base salary, if any, reviewed annually by the compensation committee of the Board of Directors (the "Compensation Committee") and adjusted as may be determined by the Compensation Committee (the Base Salary as adjusted 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 shall be referred to as the “"Current Base Salary").”
Appears in 2 contracts
Samples: Employment Agreement (Brooks Automation Inc), Employment Agreement (Brooks-Pri Automation Inc)
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
Samples: Employment Agreement (Serena Software Inc), Employment Agreement (Sourcefire 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 four hundred thousand ($400,000.00) US Dollars. The Board (or a committee thereof) may, is hereinafter referred to as in its sole discretion, increase the “Executive’s rate of Base Salary.”
Appears in 2 contracts
Samples: Employment Agreement (TILT Holdings Inc.), Employment Agreement (TILT Holdings 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
Samples: Employment Agreement, Employment Agreement (Horace Mann Educators Corp /De/)
Base Salary. During the Employment Period, Executive shall receive from the Company an annual base salary (“Annual Base Salary”) at the rate of $335,000.00, with such salary to be adjusted at such times, if any, and in such amounts as recommended by the Chief Executive Officer and approved by the Board or a committee thereof. Executive’s Annual Base Salary shall be subject to annual review by the Chief Executive Officer and the Board during the Employment Term, the . The Company shall pay the Annual Base Salary to 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 Executiveand RRI’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 Salarynormal payroll policy.”
Appears in 2 contracts
Samples: Employment Agreement (Red Robin Gourmet Burgers Inc), Employment Agreement (Red Robin Gourmet Burgers 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
Samples: Employment Agreement (Metallurg Holdings Inc), Employment Agreement (Metallurg Inc)
Base Salary. During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $ $120,000, 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 BoardCompensation Committee of the Board of Directors of the Company (the “Compensation 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
Samples: Executive Employment Agreement (Investools Inc), Executive Employment Agreement (Investools 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
Samples: Employment Agreement (Cooper-Standard Holdings Inc.), Employment Agreement (Cooper-Standard Holdings 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
Samples: Executive Employment Agreement (Veru Inc.), Employment Agreement (Veru Inc.)
Base Salary. During the Employment TermPeriod, the Company shall pay Executive a base salary at the annual rate of $ Three Hundred Eighty Thousand Dollars ($380,000.00) per year, payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled to or such increases in Executive’s base salary, if any, higher rate as may be determined from time to time in by 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 Company (“Base Salary”). Such Base Salary shall be paid in accordance with the Company’s standard payroll practice for its executive officers. Once increased, Base Salary shall not be reduced.”
Appears in 2 contracts
Samples: Employment Agreement (Waste Management Inc), Employment Agreement
Base Salary. During the Employment Term, the Company shall pay Executive a base salary (“Base Salary”) at the annual rate of $ $500,000, 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 salaryannual review and subject to increase, if any, as may be determined from time to time in the sole discretion of the Board. , but in no event shall the Company be entitled to reduce 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
Samples: Employment Agreement (APX Group Holdings, Inc.), Employment Agreement (APX Group Holdings, Inc.)
Base Salary. During The Company agrees to pay to Executive as a minimum salary during the Term of Employment Term, the Company shall pay Executive a base salary at the annual rate sum of $ $1,000,000 per year, payable in regular installments in accordance with the Company’s usual payment practicesnormal payroll procedure of the Company as in effect from time to time. Executive shall be entitled to such increases (but no decreases) 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 salarysalary rate, as in effect from time to time, is hereinafter referred to as the “Base Salary.”
Appears in 2 contracts
Samples: Management Agreement (Computer Sciences Corp), Management Agreement (Computer Sciences Corp)
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
Samples: Employment Agreement (Polo Ralph Lauren Corp), Employment Agreement (Polo Ralph Lauren Corp)
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
Samples: Employment Agreement (El Pollo Loco, Inc.), Employment Agreement (El Pollo Loco, Inc.)
Base Salary. During the Employment Term, the Company shall pay to the Executive a an annual base salary at the annual rate of $ $1,000,000, 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 SalaryCompensation Committee”).”
Appears in 2 contracts
Samples: Employment Agreement (Albertsons Companies, Inc.), Employment Agreement (Albertsons Companies, Inc.)
Base Salary. During the Employment Term, the Company Employer shall pay Executive a base salary at the annual rate of $ $325,000.00, payable in regular installments in accordance with the CompanyEmployer’s usual payment normal payroll practices. Executive’s base salary shall be reviewed annually by the Board and 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
Samples: Employment Agreement (ITC Holdings Corp.), Employment Agreement (ITC Holdings Corp.)
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
Samples: Employment Agreement (Apricus Biosciences, Inc.), Employment Agreement (Nexmed 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
Samples: Employment Agreement (Wix Filtration Media Specialists, Inc.), Employment Agreement (Wix Filtration Media Specialists, 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 $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
Samples: Employment Agreement (Sharecare, Inc.), Employment Agreement (Sharecare, 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
Samples: Employment Agreement (Travelport LTD), Employment Agreement (Travelport LTD)
Base Salary. During In consideration for the Employment Termservices provided ----------- hereunder, the Company Employer shall pay to Executive a an annual base salary at of $110,000 (the annual rate of $ , "Base Salary"). The Base Salary shall be payable in regular installments in accordance conformity with the Company’s usual payment Employer's customary payroll practices. Executive Such Base Salary shall be entitled subject to such increases in Executive’s base salary, if any, as may be determined from time to time periodic review and adjustment in the sole discretion of the Company's Board of Directors (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
Samples: Employment Agreement (Total Sports Inc), Employment Agreement (Total Sports Inc)
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
Samples: Employment Agreement (Invitation Homes Inc.), Employment Agreement (Invitation Homes Inc.)
Base Salary. During the Employment Term, the Company Employer shall pay Executive a base salary at the annual rate of $ $___, payable in regular installments in accordance with the CompanyEmployer’s usual payment normal payroll practices. Executive’s base salary shall be reviewed annually by the Board and 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
Samples: Employment Agreement (ITC Holdings Corp.), Employment Agreement (ITC Holdings Corp.)
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 $458,640.00, 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
Samples: Employment Agreement (Bloomin' Brands, Inc.), Employment Agreement (Cheeseburger-Ohio, Limited Partnership)
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 $ $213,000.00 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 2 contracts
Samples: Employment Agreement, Employment Agreement (Sonoma Pharmaceuticals, 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 $230,000. 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
Samples: Employment Agreement (Metallurg Holdings Inc), Employment Agreement (Metallurg Inc)
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
Samples: Employment and Noncompetition Agreement (Beacon Capital Partners Inc), Employment and Noncompetition Agreement (Beacon Capital Partners Inc)
Base Salary. During the Employment TermPeriod, the Company shall pay Executive a Executive’s base salary at shall be in an amount set by the annual rate of $ Board (or a committee thereof), but under no circumstances will be less than $280,000 per annum (the “Base Salary”), which salary shall be payable in regular installments in accordance with the Company’s usual payment practices. Executive general payroll practices and shall be entitled subject to such customary withholding. The Base Salary shall be subject to annual increases by the Board (or a committee thereof), in its sole discretion, which increases shall thereafter be 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” for all purposes under this Agreement.”
Appears in 2 contracts
Samples: Employment Agreement (Jason Industries, Inc.), Employment Agreement (Jason Industries, Inc.)
Base Salary. During the Employment Term, the Company shall pay Executive a base salary at the annual annualized rate of $ , payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled to $450,000.00 or such increases in Executive’s base salary, if any, higher rate as may be determined from time to time by the Company (“Base Salary”). Such Base Salary shall be paid in accordance with the sole discretion of the Board. ExecutiveCompany’s annual rate of base salarystandard payroll practice for executives, as in effect which may change prospectively from time to time, is hereinafter referred to time as may be determined by the “Base SalaryCompany.”
Appears in 2 contracts
Samples: Employment Agreement (Tailwind Two Acquisition Corp.), Employment Agreement (Tailwind Two Acquisition Corp.)
Base Salary. During The Executive shall be paid a base salary in consideration for his services provided to the Employment Company at the rate of $450,000 per annum (as adjusted during the Term, the Company shall pay Executive a base salary at the annual rate of $ “Base Salary”), payable in regular installments in accordance with the Company’s usual payment normal payroll practices. Executive Increases in Base Salary during the Term 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 Board based upon such criteria as they deem relevant, or based on no particular criteria whatsoever and any such authorized increases shall be deemed included in the definition of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary” in this Agreement.”
Appears in 2 contracts
Samples: Employment Agreement (Acurx Pharmaceuticals, LLC), Employment Agreement (Acurx Pharmaceuticals, LLC)
Base Salary. During the Employment Term, the Company shall pay Executive a base salary at the annual annualized rate of $ , payable in regular installments in accordance with the Company’s usual payment practices. Executive shall [995,000.00 to be entitled to modified] or such increases in Executive’s base salary, if any, higher rate as may be determined from time to time by the Company (“Base Salary”). Such Base Salary shall be paid in accordance with the sole discretion of the Board. ExecutiveCompany’s annual rate of base salarystandard payroll practice for executives, as in effect which may change prospectively from time to time, is hereinafter referred to time as may be determined by the “Base SalaryCompany.”
Appears in 2 contracts
Samples: Employment Agreement (Tailwind Two Acquisition Corp.), Employment Agreement (Tailwind Two Acquisition Corp.)
Base Salary. During the Specified Employment TermPeriod, the Company shall pay to Executive a an annualized base salary at of $464,000 (the annual rate of $ “Base Salary”) in consideration for Executive’s services under this Agreement, payable on a not less than biweekly basis, in regular installments in accordance conformity 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, customary payroll practices for executives as in effect from time to time, is hereinafter referred to as the “Base Salary.”
Appears in 2 contracts
Samples: Employment Agreement (Enviva Partners, LP), Employment Agreement (Enviva Partners, LP)
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
Samples: Employment Agreement (Energy Future Holdings Corp /TX/), Employment Agreement (Energy Future Holdings Corp /TX/)
Base Salary. During Upon the Employment TermEffective Time and during the Executive’s employment with the Company or any of its subsidiaries, the Company shall pay the Executive a base salary at the annual rate of $ $600,000 (the “Base Salary”), payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled to such increases in The Executive’s base salary, if any, as may Base Salary shall not in any way be determined reduced below this rate from time to time in the sole discretion period between the Effective Time and the third anniversary of the Board. Executive’s annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base SalaryEffective Time.”
Appears in 2 contracts
Samples: Senior Executive Agreement (Affiliated Computer Services Inc), Senior Executive Agreement (Affiliated Computer Services Inc)
Base Salary. During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $ , no less than $400,000 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
Samples: Employment Agreement, Employment Agreement (Travelport LTD)
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
Samples: 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
Samples: Employment Agreement (Travelport LTD), Employment Agreement (Travelport LTD)
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
Samples: Employment Agreement (Americold Realty Trust), Employment Agreement (Americold Realty Trust)
Base Salary. During the Employment Term, the The Company shall pay Executive a an annual base salary of $240,000 per annum (or a fraction thereof for portions of a year), subject to salary increases 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 majority shareholder of the Company (the “Majority Shareholder”), Chief Executive Officer and the Board. Executive’s annual rate salary shall be subject to all appropriate federal, state and municipal withholding taxes and other payroll deductions required by law or authorized by Executive and shall be payable in accordance with the normal payroll procedures of base salary, as in effect from time to time, is hereinafter referred to as the “Base SalaryCompany.”
Appears in 2 contracts
Samples: Employment Agreement (10X Capital Venture Acquisition Corp. II), Employment Agreement (African Agriculture, Inc.)
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. 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 2 contracts
Samples: 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 $ , $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
Samples: Employment Agreement (Integrated Electrical Services Inc), Employment Agreement (Integrated Electrical Services 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 $ $395,000, 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
Samples: Employment Agreement, Employment Agreement (Provention Bio, Inc.)
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 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
Samples: Employment Agreement (PBF Finance Corp), Employment Agreement (PBF Energy 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 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
Samples: Employment Agreement (Premcor Refining Group Inc), Employment Agreement (Premcor Refining Group Inc)
Base Salary. During the Employment Term, the The Company shall pay the Executive a base salary at the annual rate of $ , $1,000,000 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 2 contracts
Samples: Employment Agreement (Ascend Wellness Holdings, LLC), Employment Agreement (Ascend Wellness Holdings, LLC)
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
Samples: Employment Agreement (Aki Inc), Employment Agreement (Aki Holding 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 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
Samples: Employment Agreement (MedQuist Holdings Inc.), Employment Agreement (Medquist Inc)
Base Salary. During the Employment TermPeriod, the Company shall pay Executive a base salary at the annual rate of $ Four Hundred Twenty Five Thousand Dollars ($425,000.00), payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled to or such increases in Executive’s base salary, if any, higher rate as may be determined from time to time in by 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 Company (“Base Salary”). Such Base Salary shall be paid in accordance with the Company’s standard payroll practice for its executive officers. Once increased, Base Salary shall not be reduced.”
Appears in 2 contracts
Samples: Employment Agreement (Waste Management Inc), Employment Agreement
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
Samples: Employment Agreement (Shattuck Labs, Inc.), Employment Agreement (Shattuck Labs, 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
Samples: Employment Agreement (Cepton, Inc.), Employment Agreement (Cepton, Inc.)
Base Salary. During the Employment TermTerm of Employment, the Company shall will pay to the Executive a base salary at the annual rate of $ $800,000 per year (“Base Salary”), payable in regular installments semi-monthly in accordance with the Company’s usual payment practicesexecutive payroll policy. Executive shall Such Base Salary will be entitled reviewed annually on the Company’s regular executive salary review schedule, and will be subject to such increases in increase (but not decrease) at the discretion of Aon’s CEO and the Organization and Compensation Committee of the Company’s Board of Directors (the “Compensation Committee”), which increased amount will be thereafter the 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” for all purposes hereunder.”
Appears in 2 contracts
Samples: Employment Agreement (Aon PLC), Employment Agreement (Aon PLC)
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
Samples: Employment Agreement (Wheels Up Experience Inc.), Employment Agreement (Wheels Up Experience Inc.)
Base Salary. During As consideration for Executive's services performed during the Employment Term, the Company shall agrees to pay Executive a base salary at of $260,000 per year (the annual rate of $ , "Base Salary") payable in regular installments in accordance with the Company’s usual payment practicesnormal payroll practices of the Company for its executives and subject to federal and state tax withholding. Executive The Base Salary shall be entitled to such increases in Executive’s base salary, if any, reviewed annually by the compensation committee of the Board of Directors (the "Compensation Committee") and adjusted as may be determined by the Compensation Committee (the Base Salary as adjusted 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 shall be referred to as the “"Current Base Salary").”
Appears in 2 contracts
Samples: Employment Agreement (Brooks Automation Inc), Employment Agreement (Brooks Automation Inc)
Base Salary. During the Employment Term, the Company shall pay Executive a base salary ("Base Salary") at the annual a rate of $ no less than $950,000 per year. In addition, payable the Board of Directors of Company shall, in regular good faith, consider granting increases in such Base Salary based upon such factors as Executive's performance and the growth and/or profitability of Company. Executive's Base Salary shall be paid in installments in accordance with the Company’s usual 's normal payment practicesschedule for its senior management. Executive All payments shall be entitled subject to such increases in Executive’s base salary, if any, the deduction of payroll taxes and similar assessments 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 Salaryrequired by law.”
Appears in 2 contracts
Samples: Employment Agreement (Saks Inc), Employment Agreement (Saks 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
Samples: First Amended Employment Agreement (Provention Bio, Inc.), First Amended Employment Agreement (Provention Bio, Inc.)
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 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
Samples: Employment Agreement (PBF Energy Inc.), Employment Agreement (PBF Holding Co LLC)
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
Samples: Employment Agreement (PLX Pharma Inc.), Employment Agreement (Dipexium Pharmaceuticals, Inc.)
Base Salary. During the Employment Term, the Company shall pay (or cause to be paid) to Executive a base salary (“Base Salary”) at the annual rate of $ $560,000.00, payable in regular installments in accordance with the Company’s usual payment practicespractices of the Company Group. Executive Executive’s Base Salary shall be entitled subject to such increases in Executive’s base salary, if any, increase as may be determined from time to time in the Company’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
Samples: Employment Agreement (Bumble Inc.), Employment Agreement (Bumble Inc.)
Base Salary. During the Employment TermWhile employed hereunder, the Company shall pay Executive a base salary (the "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 base salary's Base Salary, if any, as may be determined from time to time in the sole discretion of the board of directors of the Company (the "Board. Executive’s annual rate of base salary"), as in effect from time to time, is hereinafter referred to as the “Base Salaryapplicable.”
Appears in 2 contracts
Samples: Employment Agreement (Proxim Corp), Employment Agreement (Proxim Corp)
Base Salary. During the Employment TermTerm of Employment, the Company shall pay compensation to Executive a as base compensation for his services hereunder, in substantially equal bi-weekly installments, 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 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 $400,000 (the “Base Salary”). The Board of Directors shall annually, and in its sole discretion, determine whether the Base Salary should be increased and, if so, the amount of such increase.”
Appears in 2 contracts
Samples: Employment and Non Interference Agreement (Sensus Metering Systems Inc), Consulting Agreement (Sensus Metering Systems Inc)
Base Salary. During the Employment Term, the Company shall pay (or cause to be paid) to Executive a base salary at the annual rate of $ $450,000.00, payable in regular installments in accordance with the Company’s usual payment practicespractices of the Company Group. Executive shall be entitled to such increases in Executive’s base salary, if any, as salary may be determined increased from time to time in the Company’s sole discretion of discretion, and the Board. Executive’s annual rate of base salary, as salary in effect from time to time, time is hereinafter referred to herein as the “Base Salary”.”
Appears in 2 contracts
Samples: Employment Agreement (Bumble Inc.), Employment Agreement (Bumble Inc.)
Base Salary. During the Employment Term, the Company shall pay Executive a base salary at the an annual rate of $ $330,000, 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 2 contracts
Samples: Employment Agreement (NCS Multistage Holdings, Inc.), Employment Agreement (NCS Multistage Holdings, Inc.)
Base Salary. During the Employment Term, the Company shall pay Executive a base salary (“Base Salary”) at the an annual rate of $ , $450,000 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 , but may not be decreased below any then-current annual rate of base salary, as in effect from time to time, is hereinafter referred to as the “Base Salarysalary amount.”
Appears in 2 contracts
Samples: 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 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 Fourteen Thousand Dollars ($314,000.00), 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
Samples: 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 annual rate of $ U.S.$300,000, 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
Samples: Employment Agreement (CBaySystems Holdings LTD), Employment Agreement (CBaySystems Holdings LTD)
Base Salary. During the Employment TermPeriod, the Executive shall receive, at such intervals and in accordance with such Company shall pay Executive a base policies as may be in effect from time to time, an annual salary at the annual rate of $ (pro rata for any partial year) equal to Three Hundred Thousand and No/100 Dollars ($300,000.00), payable in regular equal installments in accordance with the Company’s usual payment normal practices. Executive , but no less often than monthly (the “Annual Base Salary”), which Annual Base Salary shall be entitled subject to such increases in Executive’s base salary, if anyincrease, as may be determined from time to time in the sole discretion of the Board. Executive’s annual rate Board of base salary, as in effect from time to time, is hereinafter referred to as Directors of the “Base SalaryCompany.”
Appears in 2 contracts
Samples: Employment and Non Competition Agreement (Home Interiors & Gifts Inc), Employment and Non Competition Agreement (Home Interiors & Gifts Inc)
Base Salary. During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $ $300,000, 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
Samples: Employment Agreement (Affinia Group Intermediate Holdings Inc.), Employment Agreement (Affinia Group Intermediate Holdings 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 of $700,000 or as may be increased from time to time (the annual rate of $ , "Base Salary"). Such Base Salary shall be payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled 's customary practices applicable 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 Salaryits executives.”
Appears in 2 contracts
Samples: Executive Employment Agreement (Exide Corp), Executive Employment Agreement (Exide Corp)
Base Salary. During the Employment TermPeriod, the Company shall pay Executive a Executive’s base salary at shall be in an amount set by the annual rate of $ Board (or a committee thereof), but under no circumstances will it be less than $320,000.00 per annum (the “Base Salary”), which salary shall be payable in regular installments in accordance with the Company’s usual payment practices. Executive general payroll practices and shall be entitled subject to such customary withholding. The Base Salary shall be subject to annual increases by the Board (or a committee thereof), in its sole discretion, which increases shall thereafter be 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” for all purposes under this Agreement.”
Appears in 2 contracts
Samples: Employment Agreement (Jason Industries, Inc.), Employment Agreement (Jason Industries, Inc.)