Common use of Base Salary Clause in Contracts

Base Salary. During the Term, the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable in accordance with the Company’s normal payroll practices.

Appears in 4 contracts

Samples: Employment Agreement (Covetrus, Inc.), Employment Agreement (Covetrus, Inc.), Employment Agreement (HS Spinco, Inc.)

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Base Salary. During In consideration of the Termservices to be rendered as provided in Section 1, the Company shall hereby agrees to pay to the Executive a an annual base salary of $400,001 annually, which shall be subject to review and, at 240,000 payable in equal weekly installments in accordance with the option of the Compensation Committee of the board of directors usual practice of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Executive's Base Salary shall be reviewed on an subject to annual basis for increases in accordance with review by the review process for senior level executives Board of Directors of the Company. The Base Salary shall be payable in accordance with Company (the Company’s normal payroll practices“BOD”).

Appears in 4 contracts

Samples: Employment Agreement (Voiceserve Inc), Employment Agreement (Voiceserve Inc), Employment Agreement (Voiceserve Inc)

Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary at the annual rate of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company 321,000 (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”), payable in regular installments in accordance with the Company’s customary payment practices. The Base Salary shall be reviewed on an subject to annual basis for increases in accordance with review by the review process for senior level executives Board or the Compensation Committee (or similar committee) of the Company. The Company whereupon the Base Salary shall may be payable in accordance with the Company’s normal payroll practicesincreased (but not decreased) at their sole discretion.

Appears in 4 contracts

Samples: Employment Agreement, Employment Agreement (Exela Technologies, Inc.), Employment Agreement (Banctec Inc)

Base Salary. During the TermEmployment Period, the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on ) at an annual basis for increases in accordance with the review process for senior level executives initial annualized rate of the Company. The Base Salary shall be $200,000 per year, payable in accordance with the Company’s normal regular payroll practicespractices relating to salaried employees. The Supervisor may review the Base Salary from year to year and may approve an increase in the Base Salary as the Supervisor deems appropriate.

Appears in 4 contracts

Samples: Employment Agreement (Laird Superfood, Inc.), Employment Agreement (Laird Superfood, Inc.), Employment Agreement (Laird Superfood, Inc.)

Base Salary. During the TermEmployment Period, the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on ) at an annual basis for increases in accordance with the review process for senior level executives initial annualized rate of the Company. The Base Salary shall be $250,000 per year, payable in accordance with the Company’s normal regular payroll practicespractices relating to salaried employees. The Supervisor may review the Base Salary from year to year and may approve an increase in the Base Salary as the Supervisor deems appropriate.

Appears in 3 contracts

Samples: Employment Agreement (Taronis Fuels, Inc.), Employment Agreement (Laird Superfood, Inc.), Employment Agreement (Laird Superfood, Inc.)

Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary at the annual rate of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company 258,000 (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”), payable in regular installments in accordance with the Company’s customary payment practices. The Base Salary shall be reviewed on an subject to annual basis for increases in accordance with review by the review process for senior level executives Board or the Compensation Committee (or similar committee) of the Company. The Company whereupon the Base Salary shall may be payable in accordance with the Company’s normal payroll practicesincreased (but not decreased) at their sole discretion.

Appears in 3 contracts

Samples: Employment Agreement, Employment Agreement (Exela Technologies, Inc.), Employment Agreement (Banctec Inc)

Base Salary. During the Employment Term, the Company shall pay to the Executive a annual base salary of $400,001 annually, which shall be subject to review and, (the "Base Salary") at the option annual rate no less than the rate of base salary in effect as of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”)Effective Date. The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable in regular installments in accordance with the Company’s normal 's usual payroll practices. The Management Compensation Committee of the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review procedures.

Appears in 3 contracts

Samples: Employment Agreement (Nasdaq Stock Market Inc), Employment Agreement (Nasdaq Stock Market Inc), Employment Agreement (Nasdaq Stock Market Inc)

Base Salary. During the TermEmployment Period, the Company shall pay to the Executive a base salary at the rate of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company 1,500,000 per annum (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall be , payable semi-monthly in accordance with the Company’s normal executive payroll practicespolicy. Such Base Salary shall be reviewed annually on the Company’s regular executive salary review schedule, and shall be subject to adjustment at the discretion of the Board.

Appears in 3 contracts

Samples: Employment Agreement (Aon PLC), Change in Control Agreement (Aon Corp), Employment Agreement (Aon Corp)

Base Salary. During (a) Subject to Section 4.1(b) and 4.1(c), commencing on the TermEffective Date, the Company shall pay to the Executive a base salary at an annual rate of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company 125,000 (the “Compensation Committee”), subject to increase (such salary, as the same may be increased adjusted from time to time as aforesaidtime, being referred to herein as the "Base Salary"). The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall be , payable in accordance with the Company’s normal payroll practicespractices of the Company in effect from time to time. Base Salary payments shall be subject to withholding and other applicable taxes.

Appears in 3 contracts

Samples: Invention and Confidential Information Agreement (Imarx Therapeutics Inc), Executive Employment Agreement (Imarx Therapeutics Inc), Executive Employment Agreement (Imarx Therapeutics Inc)

Base Salary. During the Employment Term, in full consideration of the performance by the Executive of the Executive’s obligations hereunder (including any services as an officer, director, employee, or member of any committee of any affiliate of the Company, or otherwise on behalf of the Company), the Executive shall receive from the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on ) at an annual basis for increases in accordance with the review process for senior level executives rate of the Company. The Base Salary shall be $600,000 per year, payable in accordance with the Company’s normal payroll practicespractices of the Company then in effect.

Appears in 3 contracts

Samples: Employment Agreement (Third Point Reinsurance Ltd.), Employment Agreement (Third Point Reinsurance Ltd.), Employment Agreement (Third Point Reinsurance Ltd.)

Base Salary. During the TermEmployment Period, the Company shall pay to the Executive a base salary of at an annual rate equal to $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company 1,000,000 (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an annual basis for increases , payable in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable regular installments in accordance with the Company’s normal usual payroll practices; provided, however, that Base Salary shall be reviewed for discretionary increases by the Board or the Compensation Committee thereof no less often than annually commencing no later than the first anniversary of the Effective Date.

Appears in 3 contracts

Samples: Employment Agreement (LEM America, Inc), Employment Agreement (LEM America, Inc), Employment Agreement (WMG Acquisition Corp)

Base Salary. During In consideration for the Termservices provided hereunder, the Company shall pay to the Executive a an annual base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”)525,000.00, subject to increase applicable federal, state and local payroll taxes, and other withholdings required by law or properly requested by Executive (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “"Base Salary"). The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable in accordance conformity with the Company’s normal 's customary payroll practices. Such Base Salary shall be subject to annual review for increase in the sole discretion of the Company's Board.

Appears in 3 contracts

Samples: Employment and Noncompetition Agreement (Blackbaud Inc), Employment and Noncompetition Agreement (Blackbaud Inc), Employment and Noncompetition Agreement (Blackbaud Inc)

Base Salary. During the Term, the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of Unless otherwise adjusted by the Compensation Committee of the board of directors of the Company Board (the “Compensation Committee”), subject to increase the Company shall pay Executive a base salary of $325,000 per annum (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall be , payable in accordance equal installments at such times as is consistent with the Company’s normal Company payroll practicespolicy.

Appears in 3 contracts

Samples: Employment Agreement (Neogenomics Inc), Employment Agreement (Neogenomics Inc), Employment Agreement (Neogenomics Inc)

Base Salary. During the Term, the Company shall will pay to the Executive a base salary in the amount of $400,001 annually£385,000 per annum (the “Base Salary”), which shall payable in such installments as the Company pays other similarly situated individuals. The Base Salary will be subject to review and, at the option of annually reviewed for increase (but not decrease) by the Compensation Committee of the board Board of directors Directors of the Company (the “Compensation Committee”), subject to increase (such salary, as ) during the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable in accordance with the Company’s normal payroll practicesTerm.

Appears in 2 contracts

Samples: Employment Agreement (Perella Weinberg Partners), Employment Agreement (Perella Weinberg Partners)

Base Salary. During the TermEmployment Period, the Company shall pay to the Executive a an annual base salary of $400,001 annually325,000 per year, which shall be subject paid to review and, at Executive in accordance with the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salaryCompany’s standard payroll practices, as the same may be increased in effect from time to time (such base salary, as aforesaidmay be increased pursuant to the following sentence, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an annual basis annually for increases increase as determined by the Board or the Compensation Committee thereof in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable in accordance with the Company’s normal payroll practicesits sole discretion.

Appears in 2 contracts

Samples: Employment Agreement (Chanticleer Holdings, Inc.), Employment Agreement (Chanticleer Holdings, Inc.)

Base Salary. During While employed by the TermCompany, the Company shall pay to ----------- the Executive as compensation for his services a base salary at the annualized rate of $400,001 annually, which 200,000 (the "Base Salary"). Such salary shall be paid periodically in accordance with normal Company payroll practices and subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”)usual required withholding. The Base Salary shall be reviewed on an annual basis annually for increases possible raises, as determined by the Board in accordance with the review process for senior level executives its discretion, in light of the Company. The Base Salary shall be payable in accordance with the Company’s normal payroll practices's performance and Executive's performance of his duties.

Appears in 2 contracts

Samples: Gary Owen Employment Agreement (Somera Communications Inc), Gary Owen Employment Agreement (Somera Communications Inc)

Base Salary. During the Term, the The Company shall pay to the Executive a base salary at the initial rate of $400,001 annually275,120 per annum, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable in accordance with the standard payroll practices of the Company’s normal payroll practices. At no time during the Term shall the Executive's base salary be decreased from the rate then in effect except with the written consent of the Executive.

Appears in 2 contracts

Samples: Employment Agreement (JPF Acquisition Corp), Employment Agreement (Jevic Transportation Inc)

Base Salary. During As compensation for the Termperformance by the Executive of his obligations hereunder, during the Employment Period, the Company shall pay to the Executive a base salary at an annual rate of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company 600,000 (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable in accordance with the Company’s normal regularly established payroll practicespractice. The Board shall conduct an annual review of the Base Salary and may increase (but not decrease) such Base Salary in its sole discretion.

Appears in 2 contracts

Samples: Employment Agreement (Fresenius Kabi Pharmaceuticals Holding, Inc.), Employment Agreement (Fresenius Kabi Pharmaceuticals Holding, Inc.)

Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an ) at the annual basis for increases rate of $515,000, payable in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable regular installments in accordance with the Company’s normal payroll usual payment practices. Executive’s Base Salary shall be subject to annual review and subject to increase, if any, as may be determined from time to time in the sole discretion of the Board or the Compensation Committee of any direct or indirect parent of the Company, but in no event shall the Company be entitled to reduce Executive’s Base Salary.

Appears in 2 contracts

Samples: Employment Agreement (APX Group Holdings, Inc.), Employment Agreement (APX Group Holdings, Inc.)

Base Salary. During the Term, the The Company shall pay to the Executive a an annual base salary (the "Base Salary") at the rate of $400,001 annually250,000, which shall payable in substantially equal installments at such intervals as may be subject to review and, at the option of the Compensation Committee of the board of directors of determined by the Company (the “Compensation Committee”), subject to increase (such salary, in accordance with its ordinary payroll practices as the same may be increased established from time to time as aforesaid, being referred to herein as the “Base Salary”)time. The Base Salary shall be reviewed on an annual basis for increases in accordance with by the review process for senior level executives Compensation Committee of the Company. The Base Salary shall be payable Board of Directors (the "Board") and the Chief Executive Officer in accordance with good faith, based upon the Company’s normal payroll practicesExecutive's performance, not less often than annually.

Appears in 2 contracts

Samples: Employment Agreement (Vonage Holdings Corp), Employment Agreement (Vonage Holdings Corp)

Base Salary. During the Term, the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “"Base Salary”). The Base Salary shall be reviewed on ") at an annual basis for increases in accordance with the review process for senior level executives rate of the Companynot less than $600,000. The Base Salary shall be payable in regular payroll installments in accordance with the Company’s normal 's payroll practicespractices as in effect from time to time (but no less frequently than monthly). The Management Compensation Committee of the Board (the "Compensation Committee") shall review the Base Salary at least annually and may (but shall be under no obligation to) increase (but not decrease) the Base Salary on the basis of such review.

Appears in 2 contracts

Samples: Employment Agreement (Nasdaq, Inc.), Employment Agreement (Nasdaq Omx Group, Inc.)

Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an ) at the annual basis for increases rate of $1,500,000, payable in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable regular installments in accordance with the Company’s normal payroll usual payment practices. Executive’s Base Salary shall be reviewed by the Board following the completion of each consecutive 12-month period of the Initial Term and subject to increase, if any, as may be determined from time to time in the sole discretion of the Board (with such increased amount, if any, constituting “Base Salary” for purposes of this Agreement).

Appears in 2 contracts

Samples: Employment Agreement (Ami Celebrity Publications, LLC), Employment Agreement (Ami Celebrity Publications, LLC)

Base Salary. During the Employment Term, and as of the Restatement Date, the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an ) at the annual basis for increases rate of $250,000, payable in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable regular installments in accordance with the Company’s normal payroll usual payment practices. Executive shall be entitled to annual reviews and increases in Executive’s Base Salary, if any, as may be determined in the sole discretion of the Board.

Appears in 2 contracts

Samples: Employment Agreement (Polymer Holdings LLC), Employment Agreement (Kraton Polymers LLC)

Base Salary. During the TermPeriod of Employment, the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary , which shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable paid in accordance with the Company’s normal regular payroll practicespractices in effect from time to time, but not less frequently than monthly. The Executive’s Base Salary shall be at an annualized rate of four hundred and ten thousand dollars ($410,000). The Board (or a committee thereof) will review the Executive’s rate of Base Salary on an annual basis and may, in its sole discretion, increase (but not decrease) the rate then in effect.

Appears in 2 contracts

Samples: Employment Agreement (Amc Entertainment Inc), Employment Agreement (Marquee Holdings Inc.)

Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary of not less than $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company 665,000 per annum (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Board shall review Executive’s Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives annually (after approval of the Company. The Base Salary shall be payable forthcoming year’s budget and receipt of the prior year’s financial statements) and increase it by an amount no less than the increase in accordance with the Company’s normal payroll practicesconsumer price index for the Washington, D.C. metropolitan area from the immediately preceding year.

Appears in 2 contracts

Samples: Employment Agreement (Strayer Education Inc), Employment Agreement (Strayer Education Inc)

Base Salary. During the Term, the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and(“Base Salary”), at the option annual rate of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary$350,000, as the same may be increased from time by the Board thereafter pursuant to time as aforesaidthe Company’s normal practices for its executives, being referred to herein as the “Base Salary”). The Base Salary which shall be reviewed on an annual basis for increases paid in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable installments in accordance with the Company’s normal payroll practices.

Appears in 2 contracts

Samples: Employment Agreement (NewLake Capital Partners, Inc.), Employment Agreement (NewLake Capital Partners, Inc.)

Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company not less than $ 665,000 per annum (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Board shall review Executive’s Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives annually (after approval of the Company. The Base Salary shall be payable forthcoming year’s budget and receipt of the prior year’s financial statements) and increase it by an amount no less than the increase in accordance with the Company’s normal payroll practicesconsumer price index for the Washington, D.C. metropolitan area from the immediately preceding year.

Appears in 2 contracts

Samples: Employment Agreement (Strayer Education Inc), Employment Agreement (Strayer Education Inc)

Base Salary. During the Employment Term, and as of the Restatement Date, the Company shall pay to the Executive a base salary (the “Base Salary”) at the annual rate of $400,001 annually375,000, which payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be subject entitled to review andannual reviews and increases in Executive’s Base Salary, at if any, as may be determined in the option of the Compensation Committee sole discretion of the board of directors of the Company KRATON (the “Compensation CommitteeBoard”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable in accordance with the Company’s normal payroll practices.

Appears in 2 contracts

Samples: Employment Agreement (Kraton Polymers LLC), Employment Agreement (Polymer Holdings LLC)

Base Salary. During the TermEmployment Period, the Company shall pay to the Executive a an annual base salary of $400,001 annually, which shall be subject to review and, (the "Base Salary") at the option rate of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”)$ 600,000 per year. The Base Salary shall be reviewed on an annual basis for increases in accordance with no less frequently than annually and may be increased at the review process for senior level executives discretion of the CompanyBoard. The Base Salary shall be payable semi-monthly or in accordance such other installments as shall be consistent with the Company’s normal 's payroll practicesprocedures.

Appears in 2 contracts

Samples: Employment Agreement (S1 Corp /De/), Employment Agreement (S1 Corp /De/)

Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an ) at the annual basis for increases rate of $600,000, payable in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable regular installments in accordance with the Company’s normal payroll usual payment practices. Executive’s Base Salary shall be subject to annual review and subject to increase, if any, as may be determined from time to time in the sole discretion of the Board or the Compensation Committee of the Board, but in no event shall the Company be entitled to reduce Executive’s Base Salary.

Appears in 2 contracts

Samples: Employment Agreement (Vivint Smart Home, Inc.), Employment Agreement (Vivint Smart Home, Inc.)

Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary (the “Base Salary”) at the annual rate of $400,001 annually350,000, which payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be subject entitled to review andannual reviews and increases in Executive’s Base Salary, at if any, as may be determined in the option of the Compensation Committee sole discretion of the board of directors of the Company KRATON (the “Compensation CommitteeBoard”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable in accordance with the Company’s normal payroll practices.

Appears in 2 contracts

Samples: Employment Agreement (Kraton Polymers LLC), Employment Agreement (Kraton Polymers LLC)

Base Salary. During the Term, the Company shall pay to the Executive a base salary (the “Base Salary”) at the annualized rate of $400,001 annually425,000, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall customary withholdings and authorized deductions and be payable in equal installments in accordance with the Company’s normal customary payroll practicespractices in place from time to time. The Executive’s Base salary shall be subject to periodic adjustments as the CEO 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 Term, the Company shall pay to the Executive a an annual base salary in the amount of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company 1,000,000 (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall be , less applicable payroll taxes and withholdings, payable in accordance with the Company’s normal payroll practices. The Company will review Executive’s Base Salary annually, and, in the sole discretion of the Company, may increase (but may not decrease) such Base Salary from time to time, but shall not be obligated to effectuate any increase.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary at the annual rate of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company 325,000 (the “Compensation Committee”"Base Salary"), subject to increase (such salary, as payable in regular installments in accordance with the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”)Company's customary payment practices. The Base Salary shall be reviewed on an subject to annual basis for increases in accordance with review by the review process for senior level executives Board or the Compensation Committee (or similar committee) of the Company. The Company whereupon the Base Salary shall may be payable in accordance with the Company’s normal payroll practicesincreased (but not decreased) at their sole discretion.

Appears in 2 contracts

Samples: Employment Agreement (Banctec Inc), Employment Agreement (Banctec Inc)

Base Salary. During the Term, the The Company shall pay to the Executive a base an annual salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”)) at the rate of $830,000, payable in substantially equal installments at such intervals as may be determined by the Company in accordance with its ordinary payroll practices, as established from time to time. The Base Salary shall be reviewed on an annual basis for increases in accordance with by the review process for senior level executives of the CompanyBoard not less often than annually. The Base Salary shall not be payable in accordance decreased by the Company except with the Company’s normal payroll practicesprior written consent of the Executive.

Appears in 2 contracts

Samples: Employment Agreement (Milacron Holdings Corp.), Employment Agreement (Milacron Holdings Corp.)

Base Salary. During the TermEmployment Period, the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company compensation (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an annual basis for increases ) in accordance with the review process for senior level executives amount of the Company. The Base Salary shall be One Hundred Seventy Three Thousand Dollars ($173,000) per annum, payable in periodic installments in accordance with the Company’s normal customary payroll practicespractices in effect from time to time. Executive’s Base Salary shall be subject to all applicable withholdings and deductions. Executive’s Base Salary shall be subject to review no less frequently than annually.

Appears in 2 contracts

Samples: Employment Agreement (Direct Communication Solutions, Inc.), Employment Agreement (Direct Communication Solutions, Inc.)

Base Salary. During the Term, the The Company Group shall pay to the Executive a base salary in the amount of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary236,300 per annum, as the same may be increased from time to time adjusted as aforesaid, being referred to permitted herein as (the “Base Salary”)) during the Term, payable in accordance the Company Group’s regular payroll practices as in effect from time to time. The Base Salary shall be periodically reviewed on an annual basis for increases in accordance with by the review process for senior level executives of Board during the Company. The Base Salary shall be payable in accordance with the Company’s normal payroll practicesTerm and subject to change upon reasonable notice.

Appears in 2 contracts

Samples: Employment Agreement (FTC Solar, Inc.), Employment Agreement (FTC Solar, Inc.)

Base Salary. During the Term, the Company Employer shall pay to the Executive a an annual base salary of $400,001 annually, which shall be subject to review and, at 250,000.00 payable in accordance with the option of the Compensation Committee of the board of directors of the Company Employer’s customary payroll procedures (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an annual basis for increases in accordance with by the review process for senior level executives of CEO. All compensation payable to the Company. The Base Salary Executive from the Employer or its affiliates shall be payable in accordance with the Company’s subject to all applicable withholding taxes, normal payroll practiceswithholding and any other amounts required by law or the terms of any applicable benefit plan or program to be withheld.

Appears in 2 contracts

Samples: Restated Employment Agreement (Selway Capital Acquisition Corp.), Employment Agreement (Selway Capital Acquisition Corp.)

Base Salary. During the Term, the Company shall pay to the Executive a an annual base salary (the `Base Salary') at the initial annual rate of $400,001 annually230,000, which shall be subject to review and, at payable in equal monthly installments or otherwise in accordance with the option of the Compensation Committee of the board of directors payroll and personnel practices of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”)time. The Base Salary shall be reviewed on an annual basis annually by the Board or a committee thereof to which the Board may from time to time have delegated such authority (the `Committee') for increases possible increase (but not decrease) in accordance with the review process for senior level executives sole discretion of the Company. The Base Salary shall be payable in accordance with Board or the Company’s normal payroll practicesCommittee, as the case may be.

Appears in 2 contracts

Samples: Employment Agreement (Donnelley R H Inc), Employment Agreement (R H Donnelley Corp)

Base Salary. During the TermTerm of Employment or Renewed Term of Employment, if any, the Company Executive shall pay to the Executive receive a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary ) at a rate of $700,000 per annum (or such greater amount as shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of recommended by the Company. The Base Salary shall be ’s Chief Executive Officer and approved by the Executive Compensation Committee), payable monthly or more frequently in accordance with the Company’s normal payroll practicespractice as applied to other senior executives. Such base salary shall be reviewed at least annually.

Appears in 2 contracts

Samples: Employment Agreement (Kimco Realty Corp), Employment Agreement (Kimco Realty Corp)

Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an ) at the annual basis for increases rate of $530,450, payable in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable regular installments in accordance with the Company’s normal payroll usual payment practices. Executive’s Base Salary shall be subject to annual review and subject to increase, if any, as may be determined from time to time in the sole discretion of the Board or the Compensation Committee of any direct or indirect parent of the Company, but in no event shall the Company be entitled to reduce Executive’s Base Salary.

Appears in 2 contracts

Samples: Employment Agreement (APX Group Holdings, Inc.), Employment Agreement (APX Group Holdings, Inc.)

Base Salary. During the Term, the The Company shall pay to the Executive a Base Salary ("Base Salary") at the rate of $750,000 per annum. The base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable in accordance with the ordinary payroll practices of the Company’s normal payroll practices. Executive's rate of Base Salary shall be reviewed for possible increases by the Board at least annually.

Appears in 2 contracts

Samples: Employment Agreement (Conagra Inc /De/), Agreement (Conagra Foods Inc /De/)

Base Salary. During Beginning on the Termdate hereof, the Company shall pay to the Executive Executive, in equal installments no less frequently than monthly, a base salary of $400,001 annually412,000 per annum (the “Base Salary”), which less all applicable withholdings, during the Term. Executive's Base Salary shall be subject to review and, at reviewed by the option of the Compensation People Services (Compensation) Committee of the board of directors of the Company Board (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed ) on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable in accordance with the Company’s normal payroll practicesbasis.

Appears in 2 contracts

Samples: Employment Agreement (Popeyes Louisiana Kitchen, Inc.), Employment Agreement (Popeyes Louisiana Kitchen, Inc.)

Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary at the annual rate of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (300,000 per year or such salary, higher rate as the same may be increased determined from time to time as aforesaid, being referred to herein as by the Board ("Base Salary"). The Such Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable paid in accordance with the Company’s normal 's standard payroll practicespractice for senior executives.

Appears in 2 contracts

Samples: Employment Agreement (Ogden Corp), Employment Agreement (Ogden Corp)

Base Salary. During the Term, the The Company shall pay to the Executive a an annual base salary (the “Base Salary”) at the rate of $400,001 annually225,000 per annum, which payable in accordance with the Company’s then current payroll practice. The Base Salary shall be subject to review and, at reviewed annually and may be increased in the option sole discretion of the Compensation Committee of the board Company’s Board of directors of the Company Directors (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives advice and input of the Chief Executive Officer of the Company. The Base Salary Company shall be payable in accordance with entitled to deduct or withhold all taxes and charges which the Company’s normal payroll practicesCompany may be required to deduct or withhold therefrom.

Appears in 2 contracts

Samples: Severance Agreement (Hhgregg, Inc.), Severance Agreement (Gregg Appliances Inc)

Base Salary. During the Term, the Company shall will pay to the Executive a base salary at the rate of $400,001 annually650,000 per annum, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company less customary withholdings and deductions (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall be ) payable in accordance with the payroll procedures for the Company’s normal payroll practicessalaried employees in effect during the Term. Beginning in January 2007 and annually thereafter, the Base Salary shall be subject to annual review and possible increase by the Board of Directors, but it shall not be decreased during the Term of this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (TNS Inc), Employment Agreement (TNS Inc)

Base Salary. During the Term, the The Company shall pay to the Executive a base salary (the "Base Salary") during the period of $400,001 annuallythe Executive's employment hereunder, which shall be subject to review and, at an initial rate of Two Hundred and Seventy-One Thousand Dollars ($271,000.00) per annum. The Base Salary shall be paid in accordance with the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”)Company's standard payroll practices. The Base Salary shall be reviewed for possible increase on an annual basis for increases in accordance with and shall not be decreased during the review process for senior level executives of the Company. The Base Salary shall be payable in accordance with the Company’s normal payroll practicesTerm.

Appears in 2 contracts

Samples: Employment Agreement (Avangrid, Inc.), Employment Agreement (Avangrid, Inc.)

Base Salary. During the Term, the Company shall pay to the Executive a ----------- base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”"Base Salary"), subject payable in equal installments in accordance with the Company's normal practice for paying base salaries to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”)its executive employees. The Base Salary shall initially be reviewed on an annual basis for increases in accordance with payable at the review process for senior level executives rate of the Company. The Base Salary $200,000 per annum, and shall be payable in accordance with subject to annual review by the Company’s normal payroll practicesBoard for discretionary annual increases.

Appears in 2 contracts

Samples: Employment Agreement (United Water Resources Inc), Employment Agreement (United Water Resources Inc)

Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary of $400,001 annuallysalary, which shall be subject to review andpayable in equal installments in accordance with normal Company procedures, at the option an annual rate of the Compensation Committee of the board of directors of the Company Three Hundred Seventy Five Thousand US Dollars ($375,000) (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “"Base Salary"). The Base Salary shall be reviewed on an annual basis for increases in accordance with periodically, but not less than annually, by the review process for senior level executives of Board or the Company. The Base Salary shall Compensation Committee thereof and may be payable in accordance with increased, but not decreased, from time to time by the Company’s normal payroll practicesBoard or such Committee.

Appears in 2 contracts

Samples: Employment Agreement (Infocrossing Inc), Stockholders Agreement (Auster Charles)

Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an ) at the annual basis for increases rate of $1,021,200, payable in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable regular installments in accordance with the Company’s normal payroll usual payment practices. Executive’s Base Salary shall be subject to annual review and subject to increase, if any, as may be determined from time to time in the sole discretion of the Board or the Compensation Committee of the Board, but in no event shall the Company reduce Executive’s Base Salary.

Appears in 2 contracts

Samples: Employment Agreement (Vivint Smart Home, Inc.), Employment Agreement (Vivint Smart Home, Inc.)

Base Salary. During the Term, the The Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company 27,083.33 per month (the “Compensation Committee”$325,000 annualized), subject to increase payable in equal periodic installments in accordance with the Company’s customary practices (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The amount of the Base Salary shall be reviewed on an annual basis for increases annually and may be increased from time to time in accordance with the review process for senior level executives sole discretion of the Company. The Base Salary shall be payable in accordance with ’s Remuneration Committee and the Company’s normal payroll practicesBoard.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (Pacificorp /Or/)

Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary at the annual rate of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company 240,000 (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”), payable in regular installments in accordance with the Company’s customary payment practices. The Base Salary shall be reviewed on an subject to annual basis for increases in accordance with review by the review process for senior level executives Board or the Compensation Committee (or similar committee) of the Company. The Company whereupon the Base Salary shall may be payable in accordance with the Company’s normal payroll practicesincreased (but not decreased) at their sole discretion.

Appears in 2 contracts

Samples: Employment Agreement (Banctec Inc), Employment Agreement (Banctec Inc)

Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an ) at the annual basis for increases rate of $350,000, payable in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable regular installments in accordance with the Company’s normal payroll usual payment practices. Executive’s Base Salary shall be subject to annual review and subject to increase, as may be determined from time to time in the sole discretion of the CEO.

Appears in 2 contracts

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

Base Salary. During the TermEmployment Period, the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”)) at the rate of no less than $360,000 per calendar year, less applicable deductions. The Base Salary shall be reviewed on an annual basis for increases increase by the Board no less frequently than annually and shall be increased in accordance with the review process for senior level executives discretion of the CompanyBoard and any such adjusted Base Salary shall constitute the “Base Salary” for purposes of this Agreement. The Base Salary shall be payable paid in substantially equal installments in accordance with the Company’s normal regular payroll practicesprocedures.

Appears in 2 contracts

Samples: Employment Agreement (LSB Industries Inc), Employment Agreement (Tronox LTD)

Base Salary. During the Term, the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall ) at the annual rate of $250,000 to be reviewed on an annual basis for increases in accordance with paid evenly over the review process for senior level executives course of the Company. The Base Salary shall be payable year in accordance with the Company’s normal standard payroll practicespolicies. During the Term, the Base Salary may be increased but not decreased.

Appears in 2 contracts

Samples: Employment Agreement (Spark Networks Inc), Employment Agreement (Spark Networks Inc)

Base Salary. During the Termhis employment hereunder, the Company shall pay to the Executive a base salary ("Base Salary") at a rate of $400,001 annually, 10,625.00 per bi-weekly pay period (which shall be subject to review and, at the option is a rate of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”$255,000.00 per year), subject to increase (such salaryall applicable tax withholdings and required payroll deductions, as the same which amount shall be reviewed annually and may be increased from time to time as aforesaid, being referred to herein as at the “Base Salary”). The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives discretion of the Company. The Base Salary shall be payable in accordance with the Company’s normal payroll practicesChief Executive Officer or Board of Directors (or a committee thereof).

Appears in 2 contracts

Samples: Executive Employment Agreement (Manhattan Associates Inc), Executive Employment Agreement (Manhattan Associates Inc)

Base Salary. During the TermEmployment Period, the Company shall will pay to the Executive a base salary at the annual rate of $400,001 annually300,000, which shall amount will be reviewed annually and subject to review and, adjustment at the option good faith discretion of the Board (or the Compensation Committee of the board of directors of the Company Board (the “Compensation Committee”)), subject to increase including without limitation, discretionary cost of living adjustments (such salary, as the same may be increased adjusted from time to time as aforesaidtime, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall will be payable in substantially equal installments in accordance with the Company’s normal payroll practicespractices as in effect from time to time.

Appears in 2 contracts

Samples: Employment Agreement (Sulphco Inc), Employment Agreement (Sulphco Inc)

Base Salary. During the Term, the Company shall will pay to the Executive a base salary in the amount of $400,001 annually500,000 per annum (the “Base Salary”), which shall payable in such installments as the Company pays other similarly situated individuals. The Base Salary will be subject to review and, at the option of annually reviewed for increase (but not decrease) by the Compensation Committee of the board of directors of the Company Board (the “Compensation Committee”), subject to increase (such salary, as ) during the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable in accordance with the Company’s normal payroll practicesTerm.

Appears in 2 contracts

Samples: Employment Agreement (Perella Weinberg Partners), Employment Agreement (Perella Weinberg Partners)

Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an ) at the annual basis for increases rate of $200,000, payable in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable regular installments in accordance with the Company’s normal payroll usual payment practices. Executive shall be entitled to annual reviews and increases in Executive’s Base Salary, if any, as may be determined in the sole discretion of the Board.

Appears in 2 contracts

Samples: Employment Agreement (Elastomers Holdings LLC), Employment Agreement (Kraton Polymers LLC)

Base Salary. During the Term, the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”)) at the rate of no less than $400,000 per calendar year, less applicable deductions. The Base Salary shall be reviewed on an annual basis for increases increase by the Board no less frequently than annually and shall be increased in accordance with the review process for senior level executives discretion of the CompanyBoard and any such adjusted Base Salary shall constitute the “Base Salary” for purposes of this Agreement. The Base Salary shall be payable paid in substantially equal installments in accordance with the Company’s normal regular payroll practicesprocedures.

Appears in 2 contracts

Samples: Employment Agreement (Masonite International Corp), Employment Agreement (Masonite International Corp)

Base Salary. During the Employment Term, the Company shall pay (or cause to the be paid) to Executive a base salary (“Base Salary”) at the annual rate of $400,001 annually270,400, which payable in regular installments in accordance with the usual payment practices of the Company Group. Executive’s Base Salary shall be subject to annual review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), and subject to increase (such salaryincrease, but not decrease, as the same may be increased determined from time to time as aforesaid, being referred to herein as in the “Base Salary”). The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives sole discretion of the Company. The Base Salary shall be payable in accordance with the Company’s normal payroll practicesBoard.

Appears in 2 contracts

Samples: Employment Agreement (Expion360 Inc.), Employment Agreement (Expion360 Inc.)

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Base Salary. During the TermEmployment Period, the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall be ) initially set at $261,000 per year, payable in accordance with the Company’s normal payroll practicesprocedures applicable to similarly situated senior executives of OA, as in effect from time to time. Beginning in calendar year 2008 and thereafter during the Employment Period, the Base Salary shall be subject to annual review and increase (but not decrease) in the sole discretion of the Committee.

Appears in 2 contracts

Samples: Employment Agreement (On Assignment Inc), Employment Agreement (On Assignment Inc)

Base Salary. During the Term, the Company shall pay to the Executive a base salary (the “Base Salary”) at the annualized rate of $400,001 annually395,000, which shall be subject to review and, at customary withholdings and authorized deductions and be payable in equal installments in accordance with the option of Company’s customary payroll practices in place from time to time. The Executive’s Base salary shall be subject to periodic adjustments as the Board and/or the Compensation Committee of the board of directors of the Company Board (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary ) shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable in accordance with the Company’s normal payroll practicesits/their discretion deem appropriate.

Appears in 2 contracts

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

Base Salary. During the Term, the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaidadjusted, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an ) at the annual basis for increases rate of $500,000 payable in regular installments in accordance with the review process for senior level executives of the CompanyPolicies. The Board shall review the Base Salary shall be payable in accordance with the Company’s normal payroll practicesannually.

Appears in 2 contracts

Samples: Employment Agreement (Meta Materials Inc.), Employment Agreement (Meta Materials Inc.)

Base Salary. During the Term, the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”)) at the rate of no less than $630,000 per calendar year, less applicable deductions. The Base Salary shall be reviewed on an annual basis for increases increase by the Board no less frequently than annually and shall be increased in accordance with the review process for senior level executives discretion of the CompanyBoard and any such adjusted Base Salary shall constitute the “Base Salary” for purposes of this Agreement. The Base Salary shall be payable paid in substantially equal installments in accordance with the Company’s normal regular payroll practicesprocedures.

Appears in 2 contracts

Samples: Employment Agreement (Masonite International Corp), Employment Agreement (Masonite International Corp)

Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option annual rate of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase ($ per year or such salary, higher rate as the same may be increased determined from time to time as aforesaid, being referred to herein as by the Company (“Base Salary”). The Such Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable paid in accordance with the Company’s normal standard payroll practicespractice for executives.

Appears in 2 contracts

Samples: Employment Agreement (Vericity, Inc.), Employment Agreement (Vericity, Inc.)

Base Salary. During the TermEmployment Term and as of the Restatement Date, the Company shall pay to the Executive a base salary (the “Base Salary”) at the annual rate of $400,001 annually250,000, which payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be subject entitled to review andannual reviews. Increases in Executive’s Base Salary, at if any, may be determined in the option of the Compensation Committee sole discretion of the board of directors of the Company KRATON (the “Compensation CommitteeBoard”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable in accordance with the Company’s normal payroll practices.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (Kraton Polymers LLC)

Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary at the annual rate of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company 265,000 (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”), payable in regular installments in accordance with the Company’s customary payment practices. The Base Salary shall be reviewed on an subject to annual basis for increases in accordance with review by the review process for senior level executives Board or the Compensation Committee (or similar committee) of the Company. The Company whereupon the Base Salary shall may be payable in accordance with the Company’s normal payroll practicesincreased (but not decreased) at their sole discretion.

Appears in 2 contracts

Samples: Employment Agreement (Banctec Inc), Employment Agreement (Banctec Inc)

Base Salary. During the Term, the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”)) at the rate of no less than $850,000 per calendar year, less applicable deductions. The Base Salary shall be reviewed on an annual basis for increases increase by the Board no less frequently than annually and shall be increased in accordance with the review process for senior level executives discretion of the CompanyBoard and any such adjusted Base Salary shall constitute the “Base Salary” for purposes of this Agreement. The Base Salary shall be payable paid in substantially equal installments in accordance with the Company’s normal regular payroll practicesprocedures.

Appears in 2 contracts

Samples: Employment Agreement (Masonite International Corp), Employment Agreement (Masonite International Corp)

Base Salary. During the Term, the The Company shall pay to the Executive a an annual base salary (the “Base Salary”) at the rate of $400,001 annually250,000 per annum, which payable in accordance with the Company’s then current payroll practice. The Base Salary shall be subject to review and, at reviewed annually and may be increased in the option sole discretion of the Compensation Committee of the board Company’s Board of directors of the Company Directors (the “Compensation Committee”), subject . The Company shall be entitled to increase (such salary, as deduct or withhold all taxes and charges which the same Company may be increased from time required to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable in accordance with the Company’s normal payroll practicesdeduct or withhold therefrom.

Appears in 2 contracts

Samples: Employment Agreement (HHG Distributing, LLC), Employment Agreement (Hhgregg, Inc.)

Base Salary. During the Term, the The Company shall pay to the Executive a the base salary (the “Base Salary”) at the annualized rate of $400,001 annually240,000, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary customary withholdings and authorized deductions and shall be payable in equal installments in accordance with the Company’s normal customary payroll practicespractices in place from time to time. The Executive’s Base Salary shall be subject to review on at least an annual basis.

Appears in 2 contracts

Samples: Employment Agreement (Corbus Pharmaceuticals Holdings, Inc.), Employment Agreement (Corbus Pharmaceuticals Holdings, Inc.)

Base Salary. During the Term, the Company shall pay to the Executive a base salary (the “Base Salary”) at the annualized rate of $400,001 annually155,000, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall customary withholdings and authorized deductions and be payable in equal installments in accordance with the Company’s normal customary payroll practicespractices in place from time to time. The Executive’s Base salary shall be subject to periodic review and adjustment as the Company shall in its discretion deem appropriate.

Appears in 2 contracts

Samples: Employment Agreement (Dermata Therapeutics, Inc.), Employment Agreement (Dermata Therapeutics, Inc.)

Base Salary. During the TermEmployment Period, the Company shall pay to the Executive a base salary at the annual rate of $400,001 annually525,000, which shall be subject to review andand change by the Board at its discretion, at which will be paid in a manner consistent with the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being Company’s customary payroll practices. Executive’s annual base salary payable hereunder is referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable in accordance with the Company’s normal payroll practices.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an ) at the annual basis for increases rate of $1,021,199.82, payable in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable regular installments in accordance with the Company’s normal payroll usual payment practices.. Executive’s Base Salary shall be subject to annual 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 Base Salary. (b)

Appears in 2 contracts

Samples: Employment Agreement (APX Group Holdings, Inc.), Employment Agreement (APX Group Holdings, Inc.)

Base Salary. During the Employment Term, and as of the Restatement Date, the Company shall pay to the Executive a base salary (the “Base Salary”) at the annual rate of $400,001 annually425,000, which payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be subject entitled to review andannual reviews and increases in Executive’s Base Salary, at if any, as may be determined in the option of the Compensation Committee sole discretion of the board of directors of the Company KRATON (the “Compensation CommitteeBoard”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable in accordance with the Company’s normal payroll practices.

Appears in 2 contracts

Samples: Employment Agreement (Polymer Holdings LLC), Employment Agreement (Kraton Polymers LLC)

Base Salary. During the Term, the The Company shall pay to the Executive an annual salary (the "Base Salary") at a base salary rate of no less than $400,001 annually325,000 per year, which shall payable in substantially equal installments at such intervals as may be subject to review and, at the option of the Compensation Committee of the board of directors of determined by the Company (in accordance with the “Compensation Committee”), subject to increase (such salary, Company's then current ordinary payroll practices as the same may be increased established from time to time as aforesaid, being referred to herein as the “Base Salary”)time. The Base Salary shall be reviewed on an annual basis for increases in accordance with good faith by the review process for senior level executives Compensation Committee of the Company. The Base Salary shall be payable in accordance with Board (the Company’s normal payroll practices"Compensation Committee") not less often than annually.

Appears in 2 contracts

Samples: Employment Agreement (Northern Oil & Gas, Inc.), Employment Agreement (Northern Oil & Gas, Inc.)

Base Salary. During the Term, the The Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”)) during the period of the Executive’s employment hereunder, which shall be Four Hundred Thousand Dollars ($400,000.00) per annum. The Base Salary shall be paid in accordance with the Company’s standard payroll practices. The Base Salary shall be reviewed for possible increase on an annual basis for increases in accordance with and shall not be decreased during the review process for senior level executives of the Company. The Base Salary shall be payable in accordance with the Company’s normal payroll practicesTerm.

Appears in 2 contracts

Samples: Employment Agreement (Avangrid, Inc.), Employment Agreement (Avangrid, Inc.)

Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an ) at the annual basis for increases rate of $900,000.00, payable in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable regular installments in accordance with the Company’s normal usual payroll practices. The Board may from time to time review and increase Executive’s Base Salary in its sole discretion.

Appears in 2 contracts

Samples: Employment Agreement (Itt Corp), Employment Agreement (Itt Industries Inc)

Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an ) at the annual basis for increases rate of $220,000, payable in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable regular installments in accordance with the Company’s normal payroll usual payment practices. Executive shall be entitled to annual reviews and increases in Executive’s Base Salary, if any, as may be determined in the sole discretion of the Board.

Appears in 2 contracts

Samples: Employment Agreement (Kraton Polymers LLC), Employment Agreement (Kraton Polymers LLC)

Base Salary. During the TermEmployment Period, the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an ) set at $275,000 per year for calendar year 2007 and subject thereafter to annual basis for increases review and increase (but not decrease) in accordance with the review process for senior level executives sole discretion of the CompanyCommittee. The Base Salary shall be payable in accordance with the Company’s normal payroll practicesprocedures applicable to senior executives of the Company, as in effect from time to time.

Appears in 2 contracts

Samples: Employment Agreement (On Assignment Inc), Employment Agreement (On Assignment Inc)

Base Salary. During the TermEmployment Period, the Company shall pay to the Executive a an annual base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Annual Base Salary”). The Base Salary shall be reviewed on an annual basis for increases in accordance with ) at the review process for senior level executives rate of the Company. The Base Salary shall be $1,500,000 per annum, payable in accordance with the Company’s normal executive payroll practicespolicy, or such higher amount as may be determined appropriate by the Compensation Committee and the Board.

Appears in 2 contracts

Samples: Employment Agreement (Federal Mogul Corp), Employment Agreement (Federal Mogul Corp)

Base Salary. During the Employment Term, and as of the Restatement Date, the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an ) at the annual basis for increases rate of not less than $575,000, payable in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable regular installments in accordance with the Company’s normal payroll usual payment practices. Executive shall be entitled to annual reviews and increases in Executive’s Base Salary, if any, as may be determined in the sole discretion of the Board.

Appears in 2 contracts

Samples: Employment Agreement (Kraton Polymers LLC), Employment Agreement (Polymer Holdings LLC)

Base Salary. During the Term, the Company Employer shall pay to the Executive a base salary at the rate of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company 275,000.00 on an annualized basis (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Executive’s Base Salary shall be reviewed on an annual basis for increases in accordance with subject to periodic adjustments (but not decreases) as the review process for senior level executives Board or the Compensation Committee of the CompanyBoard (“Compensation Committee”) shall, in its discretion, deem appropriate. The As used in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time. Base Salary shall be payable in accordance with the Company’s normal customary payroll practicespractices of Employer.

Appears in 2 contracts

Samples: Employment Agreement (Roka BioScience, Inc.), Employment Agreement (Roka BioScience, Inc.)

Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary at the annual rate of $400,001 annually, which shall 375,000 per year or such higher rate as may be subject to review and, at the option of the Compensation Committee of the board of directors of determined annually by the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Such Base Salary Salary, less applicable withholdings, shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable paid in accordance with the Company’s normal standard payroll practicespractice for executives.

Appears in 2 contracts

Samples: Employment Agreement (Warwick Valley Telephone Co), Employment Agreement (Warwick Valley Telephone Co)

Base Salary. During the Employment Term, in full consideration of the performance by the Executive of the Executive’s obligations hereunder (including any services as an officer, director, employee, or member of any committee of any affiliate of the Company, or otherwise on behalf of the Company), the Executive shall receive from the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on ) at an annual basis for increases in accordance with the review process for senior level executives rate of the Company. The Base Salary shall be $500,000 per year, payable in accordance with the Company’s normal payroll practicespractices of the Company then in effect.

Appears in 2 contracts

Samples: Employment Agreement (Third Point Reinsurance Ltd.), Employment Agreement (Third Point Reinsurance Ltd.)

Base Salary. During the Term, the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”)) at the rate of no less than $335,000 per calendar year, less applicable deductions. The Base Salary shall be reviewed on an annual basis for increases increase by the Board no less frequently than annually and shall be increased in accordance with the review process for senior level executives discretion of the CompanyBoard and any such adjusted Base Salary shall constitute the “Base Salary” for purposes of this Agreement. The Base Salary shall be payable paid in substantially equal installments in accordance with the Company’s normal regular payroll practicesprocedures.

Appears in 2 contracts

Samples: Employment Agreement (Masonite International Corp), Employment Agreement (Masonite International Corp)

Base Salary. During the TermPeriod of Employment, the Company shall will pay to the Executive a base salary of at an annual rate equal to one million thirty thousand dollars ($400,001 annually1,030,000.00) effective on the Effective Date, which shall be subject to review and, at such annual increases as the option Company’s Board of the Directors’ Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase ) deems appropriate in its sole discretion (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall will be reviewed on an annual basis for increases in accordance with payable according to the review process for senior level executives customary payroll practices of the Company. The Base Salary shall be payable in accordance with the Company’s normal payroll practices.

Appears in 2 contracts

Samples: Employment Agreement (Wyndham Hotels & Resorts, Inc.), Employment Agreement (Wyndham Hotels & Resorts, Inc.)

Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary salary, payable in equal installments in accordance with Company payroll procedures, at an annual rate of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”)350,000, subject to increase (such salary, as annual review by the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable in accordance with the Company’s normal payroll practicesBoard.

Appears in 2 contracts

Samples: Employment Agreement (Hillman Companies Inc), Employment Agreement (Hillman Companies Inc)

Base Salary. During In consideration of the Termservices to be rendered hereunder, the Company Executive shall pay to the Executive be paid a base salary of $400,001 annually465,000.00 per year, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable in accordance with the Company’s normal payroll practicespractices in effect during the course of this Agreement (the “Annual Base Salary”). The Annual Base Salary shall be reviewed annually by the Compensation Committee or the Board.

Appears in 2 contracts

Samples: Employment Agreement (TRC Companies Inc /De/), Employment Agreement (TRC Companies Inc /De/)

Base Salary. During the Term, the Company shall pay to the Executive a an annual base salary of $400,001 annually, 212,000 which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable in accordance with the Company’s normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Barrier Therapeutics Inc)

Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary (the " Base Salary ") at an annual rate of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company40,000.00. The Base Salary shall be payable in regular payroll installments in accordance with the Company’s normal 's payroll practicespractices as in effect from time to time. The Management Compensation Committee of the Board (the " Compensation Committee ") shall review the Base Salary at least annually and may (but shall be under no obligation to) increase (but not decrease) the Base Salary on the basis of such review.

Appears in 1 contract

Samples: Employment Agreement (MyStarU.com,Inc.)

Base Salary. During the Term, the Company shall pay to the Executive ----------- a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”"Base Salary"), subject payable in equal installments in accordance with the Company's normal practice for paying base salaries to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”)its executive employees. The Base Salary shall initially be reviewed on an annual basis for increases in accordance with payable at the review process for senior level executives rate of the Company. The Base Salary $150,000 per annum, and shall be payable in accordance with subject to annual review by the Company’s normal payroll practicesCompany for discretionary annual increases.

Appears in 1 contract

Samples: Employment Agreement (United Water Resources Inc)

Base Salary. During the TermTerm of Employment, the Company shall pay to the Executive a base salary ("Base Salary") at the rate of $400,001 annually230,000 per year, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”)prorated for any partial period. The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The All Base Salary shall be payable in accordance with the Company’s normal payroll practicespractices of the Company for its executives and subject to increase from time to time by the Board (or its Compensation Committee) in its sole discretion.

Appears in 1 contract

Samples: Employment Agreement (Koger Equity Inc)

Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary of not less than $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company 350,000 per annum (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “"Base Salary"). The Board shall review Executive's Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives annually (after approval of the Company. The Base Salary shall be payable forthcoming year's budget and receipt of the prior year's financial statements) and increase it by an amount no less than the increase in accordance with the Company’s normal payroll practicesconsumer price index for the Washington, D.C. metropolitan area from the immediately preceding year.

Appears in 1 contract

Samples: Employment Agreement (Strayer Education Inc)

Base Salary. During the TermEmployment Period, the Company shall pay to the Executive a base salary at the rate of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company 190,000.00 per annum (the “Compensation Committee”"Base Salary"), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable in accordance with the Company’s 's normal payroll practices. Such Base Salary shall be reviewed annually, and shall be subject to such annual increases, if any, as determined by the Compensation Committee of the Board.

Appears in 1 contract

Samples: Employment Agreement (Bone Care International Inc)

Base Salary. During the Term, the Company shall pay to the Executive a base salary ("Base Salary") at a rate of not less than $400,001 annually, which 375,000 per year. Executive's Base Salary shall be paid in installments in accordance with Company's normal payment schedule for its senior management. Executive's Base Salary shall be subject to annual review andby the Proffitt's, at the option of the Compensation Committee of the board of directors of the Company Inc. Board ox Xxxxxxxxs (the “Compensation Committee”)"Proffitt's Board") and mxx xx xxxxeased, subject to increase (such salarybut not decreased, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”)time. The Base Salary All payments shall be reviewed on an annual basis for increases in accordance with subject to the review process for senior level executives deduction of the Company. The Base Salary shall be payable in accordance with the Company’s normal payroll practicestaxes and similar assessments as required by law.

Appears in 1 contract

Samples: Employment Agreement (Proffitts Inc)

Base Salary. During the Term, the Company shall pay to the Executive a base an annual salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”)) at the rate of $700,000, subject to annual review. The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall will be payable in substantially equal installments in accordance with the Company’s normal ordinary payroll practicespractices as established from time to time.

Appears in 1 contract

Samples: Employment Agreement (Imax Corp)

Base Salary. During the TermEmployment Period, the Company shall pay to the Executive a base salary at the rate of $400,001 annually275,000.00 per annum (“Base Salary”), which payable in accordance with the Company’s executive payroll policy. Such Base Salary shall be reviewed annually and shall be subject to review and, at the option of such changes as determined by the Compensation Committee of the board of directors of the Company Board (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable in accordance with the Company’s normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Firearms Training Systems Inc)

Base Salary. During the Term, the Company shall pay to the ----------- Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”"Base Salary"), subject payable in equal installments in accordance with the Company's normal practice for paying base salaries to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”)its executive employees. The Base Salary shall initially be reviewed on an annual basis for increases in accordance with payable at the review process for senior level executives rate of the Company. The Base Salary $156,000 per annum, and shall be payable in accordance with subject to annual review by the Company’s normal payroll practicesCompany for discretionary annual increases.

Appears in 1 contract

Samples: Employment Agreement (United Water Resources Inc)

Base Salary. During the Term, the Company shall pay to the Executive a an annual base salary of $400,001 annually, 244,000 which shall be subject to review and, at the option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be reviewed on an annual basis for increases in accordance with the review process for senior level executives of the Company. The Base Salary shall be payable in accordance with the Company’s normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Barrier Therapeutics Inc)

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