Common use of Base Salary Clause in Contracts

Base Salary. During the Term, the Executive shall be entitled to receive a base salary at the annual rate of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion, payable in accordance with the payroll practices of Amneal (the “Base Salary”).

Appears in 5 contracts

Samples: Employment Agreement, Employment Agreement (Amneal Pharmaceuticals, Inc.), Employment Agreement (Atlas Holdings, Inc.)

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Base Salary. During the Term, the 4.1 The Executive shall be entitled to receive a an annual base salary at the annual rate of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or and taking into consideration the Compensation Committee duties of the Board from time to time in its discretion, payable in accordance with the payroll practices of Amneal Executive (the “Base Salary”), subject to increase based on periodic reviews at the discretion of the Board. Payment of the Base Salary to the Executive shall commence once the Company has achieved monthly revenues in excess of $50,000 per month for two consecutive months.

Appears in 5 contracts

Samples: Management Agreement (Global Security Agency Inc.), Management Agreement (Global Security Agency Inc.), Management Agreement (Global Security Agency Inc.)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary at the annual rate of One Hundred Eighty Thousand ($750,000180,000) Dollars (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to increaseapplicable withholding and other taxes. The Base Salary shall be reviewed, or decreaseat least annually, only if salary decreases are concurrently implemented across for merit increases and may, by action and in the senior executives of Amneal as determined by the Board or the Compensation Committee discretion of the Board Board, be increased at any time or from time to time in its discretion, payable in accordance with the payroll practices of Amneal (the “Base Salary”)time.

Appears in 5 contracts

Samples: Employment Agreement (World Commerce Online Inc), Employment Agreement (World Commerce Online Inc), Employment Agreement (World Commerce Online Inc)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary at the annual rate of $750,000250,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to increaseapplicable withholding and other taxes. The Base Salary shall be reviewed, or decreaseat least annually, only if salary decreases are concurrently implemented across for merit increases and may, by action and in the senior executives of Amneal as determined by the Board or the Compensation Committee sole discretion of the Board Board, be increased at any time or from time to time in its discretion, payable in accordance with the payroll practices of Amneal (the “Base Salary”)time.

Appears in 5 contracts

Samples: Employment Agreement (Terremark Worldwide Inc), Employment Agreement (Metropolitan Health Networks Inc), Employment Agreement (Metropolitan Health Networks Inc)

Base Salary. During the Term, the The Executive shall be entitled to receive a an initial base salary at the annual rate of $750,000180,000 per annum (the "Base Salary"). Such Base Salary shall be payable in installments consistent with the Company’s normal payroll schedule, subject to increaseapplicable withholding and other taxes. The Base Salary and Executive’s other forms of compensation shall be reviewed, or decreaseat least annually, only if salary decreases are concurrently implemented across and may, by action and in the senior executives of Amneal as determined by the Board or the Compensation Committee discretion of the Board Board, be increased (but may not be decreased) at any time or from time to time in its discretion, payable in accordance with time. In no event shall the payroll practices of Amneal (the “Base Salary”)Salary be deemed a Draw.

Appears in 4 contracts

Samples: Employment Agreement (National Holdings Corp), Employment Agreement (Vfinance Inc), Employment Agreement (National Holdings Corp)

Base Salary. During the TermTerm of this Agreement, the Executive shall be entitled to receive a base salary at the annual a gross rate of Seventy-Five Thousand Dollars ($750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion, payable in accordance with the payroll practices of Amneal 75,000) per annum (the “Base Salary”), payable in substantially equal installments in accordance with the Company’s normal payroll practices for payment of its employees, as in effect from time to time. Executive’s Base Salary shall be subject to upward adjustment from time to time, as determined by the Board (or a committee thereof) in its sole discretion, but shall not be adjusted downward.

Appears in 4 contracts

Samples: Employment Agreement (Twin Vee PowerCats, Co.), Employment Agreement (Forza X1, Inc.), Employment Agreement (Forza X1, Inc.)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary at the annual rate of $750,000, 825,000 per year. Such base salary shall be subject to increase, or periodic increase (but no decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal ) from time to time as determined by the Beacon Board or the Compensation Committee of the Board in its sole discretion (as may increase from time to time in its discretiontime, payable in accordance with the payroll practices of Amneal (the “Base Salary”). Base Salary shall be payable in such manner and at such times as the Company shall pay base salary to other similarly situated executive employees.

Appears in 4 contracts

Samples: Employment Agreement, Employment Agreement (BJ's Wholesale Club Holdings, Inc.), Employment Agreement (BJ's Wholesale Club Holdings, Inc.)

Base Salary. During the Term, the Executive shall be entitled to receive a base salary (the “Base Salary”) paid by the Company at the annual rate of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion285,000 (Two Hundred Eighty-Five Thousand Dollars), payable in accordance with the payroll practices of Amneal (Company’s general payment practices, but no less frequently than monthly, in substantially equal installments, with the “Base Salary”)opportunity for increases from time to time thereafter in accordance with the Company’s regular executive compensation practices.

Appears in 4 contracts

Samples: Employment Agreement (Vantage Drilling International), Employment and Non Competition Agreement (Vantage Drilling International), Employment and Non Competition Agreement (Vantage Drilling CO)

Base Salary. During the Term, the Executive shall be entitled to receive a base salary at the annual rate of $750,000850,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal the Company, as determined by the Board or the its Compensation Committee of the Board from time to time in its discretion, payable in accordance with the payroll practices of Amneal the Company (the “Base Salary”).

Appears in 3 contracts

Samples: Employment Agreement (Atlas Holdings, Inc.), Employment Agreement (Impax Laboratories Inc), Employment Agreement (Impax Laboratories Inc)

Base Salary. During the Term, The base salary payable to the Executive during the Term shall be entitled to receive a base salary at the annual rate of $750,000150,000 per year, subject payable on a regular basis in accordance with the Company's standard payroll procedures, but not less frequently than on a monthly basis (the "Base Salary"). On at least an annual basis, the Board shall review the Executive's performance and may make increases to increasethe Base Salary if, or decreasein its discretion, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined any such increase is warranted. Such recommended increase shall require approval by the Board or the Compensation Committee of the Board from time to time in its discretion, payable in accordance with the payroll practices of Amneal (the “Base Salary”)a duly constituted committee thereof.

Appears in 3 contracts

Samples: Employment Agreement (Collectibles Usa Inc), Employment Agreement (Collectibles Usa Inc), Employment Agreement (Collectibles Usa Inc)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary Base Salary at the annual annualized rate of $750,000400,000 during the Term of Employment, with such Base Salary payable in installments consistent with the Company’s normal payroll schedule, subject to increaseapplicable withholding and other taxes. The Base Salary shall be reviewed, or decreaseat least annually, only if salary decreases are concurrently implemented across for merit increases and may, by action and in the senior executives of Amneal as determined by the Board or the Compensation Committee discretion of the Board Board, be increased at any time or from time to time in its discretiontime, payable in accordance with but may not be decreased from the payroll practices of Amneal (the “then current Base Salary”).

Appears in 3 contracts

Samples: Executive Employment Agreement (Leap Therapeutics, Inc.), Executive Employment Agreement (Leap Therapeutics, Inc.), Executive Employment Agreement (Leap Therapeutics, Inc.)

Base Salary. During the Term, the Executive shall be entitled to receive a base salary at the annual rate of no less than $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion1,000,000 per year, payable in accordance with the usual payroll practices of Amneal the Company (the “Base Salary”).

Appears in 3 contracts

Samples: Employment Agreement (Las Vegas Sands Corp), Employment Agreement (Las Vegas Sands Corp), Employment Agreement (Las Vegas Sands Corp)

Base Salary. During Commencing on the Termeffective date of this Agreement, the Executive shall be entitled to receive a base salary at the annual rate of not less than $750,000147,000 for year one, $180,000 for year two, and $240,000 for year three payable in installments consistent with the Company's normal payroll schedule, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion, payable in accordance with the payroll practices of Amneal (the “Base Salary”)applicable withholding and other taxes.

Appears in 3 contracts

Samples: Amended Employment Agreement (Growblox Sciences, Inc.), Employment Agreement (Signature Exploration & Production Corp.), Employment Agreement (Signature Exploration & Production Corp.)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary at the annual rate of $750,000350,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to increaseapplicable withholding and other taxes. The Base Salary shall be reviewed, or decreaseat least annually, only if salary decreases are concurrently implemented across for merit increases and may, by action and in the senior executives of Amneal as determined by the Board or the Compensation Committee sole discretion of the Board Board, be increased at any time or from time to time in its discretion, payable in accordance with the payroll practices of Amneal (the “Base Salary”)time.

Appears in 3 contracts

Samples: Employment Agreement (Terremark Worldwide Inc), Employment Agreement (Terremark Worldwide Inc), Employment Agreement (Terremark Worldwide Inc)

Base Salary. During The Executive will receive from the Term, the Executive shall be entitled to receive a Employer an annual aggregate base salary at the annual rate of Five Hundred Thousand Dollars ($750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion, payable in accordance with the payroll practices of Amneal 500,000) (the “Base Salary”), payable in accordance with the standard practice of the Employer in the payment of salaries of its employees but no less frequently than monthly. The Board will review the Base Salary annually, and may, in its sole and absolute discretion, increase the Base Salary. The Executive’s Base Salary may not be reduced.

Appears in 3 contracts

Samples: Contribution Agreement, Contribution Agreement (Liquid Holdings Group LLC), Contribution Agreement (Liquid Holdings Group LLC)

Base Salary. During the Term, the Executive Executive’s annual base salary shall be entitled to receive a base salary at the annual rate of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal 1,500,000 (as determined by the Board or the Compensation Committee of the Board may be increased from time to time in its discretiontime, payable in accordance with the payroll practices of Amneal (the “Base Salary”). The Board will review the Base Salary at least annually and may increase it at any time for any reason, in its sole discretion; however, it shall have no obligation to do so.

Appears in 3 contracts

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

Base Salary. During the Term, the for all services rendered under this Agreement, Executive shall be entitled to receive a an aggregate annual base salary (“Base Salary”) at the annual an initial rate of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion1,000,000, payable in accordance with the Company’s applicable payroll practices of Amneal practices. Base Salary may be increased (but not decreased) on an annual basis as determined by the Board in its sole discretion. References in this Agreement to Base Salary”)Salary shall be deemed to refer to the most recently effective annual base salary rate.

Appears in 3 contracts

Samples: Employment Agreement (Virtu Financial, Inc.), Employment Agreement (Virtu Financial, Inc.), Employment Agreement (Virtu Financial, Inc.)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary Base Salary at the annual rate of $750,000250,000 during the Term of Employment, with such Base Salary payable in installments consistent with the Company’s normal payroll schedule, subject to increaseapplicable withholding and other taxes. The Base Salary shall be reviewed, or decreaseat least annually, only if salary decreases are concurrently implemented across for merit increases and may, by action and in the senior executives discretion of Amneal as determined by the Board or the Compensation Committee of the Board Board, be increased at any time or from time to time in its discretiontime, payable in accordance with but may not be decreased from the payroll practices of Amneal (the “then current Base Salary”).

Appears in 3 contracts

Samples: Employment Agreement (Terremark Worldwide Inc.), Employment Agreement (Terremark Worldwide Inc), Employment Agreement (Terremark Worldwide Inc.)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary at the annual rate of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion, payable in accordance with the payroll practices of Amneal 150,000.00 (the “Base Salary”)) during the Term of Employment, with such Base Salary payable in installments consistent with the Company’s normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time.

Appears in 3 contracts

Samples: Employment Agreement (Datrek Miller International, Inc.), Employment Agreement (Datrek Miller International, Inc.), Employment Agreement (Datrek Miller International, Inc.)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary at the annual rate of $750,000150,000 (the "Base Salary"). The Base Salary shall be payable in substantially equal installments consistent with the Company's normal payroll schedule, subject to increaseany applicable taxes. The Executive's Base Salary may be increased in the Board's discretion, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal subject to reasonable performance objectives as determined established by the Board or the Compensation Committee of the Board from time to time in its discretion, payable in accordance with the payroll practices of Amneal (the “Base Salary”)Board.

Appears in 3 contracts

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

Base Salary. During the Term, the Executive shall be entitled to will receive a base salary at the annual rate of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion155,000 per annum, payable in substantially equal installments in accordance with the Bank’s regular payroll practices of Amneal (the “Base Salary”). The Executive’s Base Salary will be reviewed by the Board annually, and the Executive will be entitled to receive annually an increase in such amount, if any, as may be determined by the Board.

Appears in 3 contracts

Samples: Executive Employment Agreement (Howard Bancorp Inc), Executive Employment Agreement (Howard Bancorp Inc), Executive Employment Agreement (Howard Bancorp Inc)

Base Salary. During the Term, the The Executive shall be entitled to receive a an initial base salary at the annual rate of One Hundred Seventy Thousand Dollars ($750,000170,000.00) (the "Base Salary"), with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to increaseapplicable withholding and other taxes. The Base Salary shall also be reviewed, or decreaseat least annually, only if salary decreases are concurrently implemented across for merit increases and may, by action and in the senior executives of Amneal as determined by the Board or the Compensation Committee discretion of the Board Board, be increased at any time or from time to time in its discretion, payable in accordance with the payroll practices of Amneal (the “Base Salary”)time.

Appears in 3 contracts

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

Base Salary. During the Term, the Executive shall be entitled to receive a an aggregate annual base salary (“Base Salary”) at the annual an initial rate of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion, payable in accordance with the Company’s applicable payroll practices of Amneal practices. Base Salary shall be reviewed annually by the Board and increased (but not decreased) in the Board’s sole discretion. References in this Agreement to Base Salary”)Salary shall be deemed to refer to the most recently effective annual base salary rate.

Appears in 3 contracts

Samples: Employment Agreement (Vistra Energy Corp), Employment Agreement (Vistra Energy Corp), Employment Agreement (Energy Future Competitive Holdings Co LLC)

Base Salary. During the Term, the Executive shall be entitled to receive a base salary at the annual rate of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal 475,000 (as determined by the Board or the Compensation Committee of the Board increased from time to time in its discretiontime, payable in accordance with the payroll practices of Amneal (the “Base Salary”)) during the Term of this Agreement, with such Base Salary payable in installments consistent with the Company’s normal payroll schedule. The Base Salary shall also be reviewed, at least annually, for merit increases (if any) and may, by action and in the discretion of the Board, be increased. Once increased, the Base Salary may not be decreased.

Appears in 2 contracts

Samples: Employment Agreement (Noven Pharmaceuticals Inc), Employment Agreement (Hisamitsu U.S., Inc.)

Base Salary. During the Term, the Executive shall be entitled to receive a base salary at of Five Hundred Fifty Thousand Dollars ($550,000) per annum for the annual rate duration of $750,000the Term (the "Base Salary"), subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the which Base Salary shall be paid in equal semi-monthly installments in arrears. The Compensation Committee of the Board may review from time to time the Base Salary payable to Executive hereunder and may, in its sole discretion, payable in accordance with the payroll practices of Amneal (the “increase Executive's Base Salary”). Any such increased Base Salary shall be and become the "Base Salary" for purposes of this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Spectrum Brands Holdings, Inc.), Employment Agreement (SB/RH Holdings, LLC)

Base Salary. During Effective as of the TermEffective Date, the Executive shall be entitled to receive a base salary at the annual annualized rate of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion, payable in accordance with the payroll practices of Amneal 500,000 (the “Base Salary”). The Executive’s Base Salary shall be paid in equal installments in accordance with the Company’s regularly established payroll procedures. The Executive’s Base Salary will be reviewed on an annual or more frequent basis by the Board and, except as set forth in Section 7(c)(i), is subject to increase (but not decrease) in the discretion of the Board.

Appears in 2 contracts

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

Base Salary. During the Term, the 5.1. The Executive shall be entitled to receive a base salary Base Salary, which amounts to EUR 620,823.64 gross per year, payable in 12 equal installments. The Base Salary may be reviewed, but not necessarily increased, at the annual rate of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee discretion of the Board Company from time to time in its discretion, payable in accordance with the payroll practices of Amneal (the “Base Salary”)time.

Appears in 2 contracts

Samples: Employment Agreement, Tech Data Corp

Base Salary. During the Term, the Executive shall be entitled to receive a paid an annual base salary at the annual rate (a “Base Salary”) of one hundred and seventy five thousand per annum ($750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion175,000), payable in accordance with the Employer’s normal payroll practices and subject to an annual review and possible upward adjustment pursuant to such annual review by the Board based on Executive’s performance hereunder. All payments hereunder shall be subject to the deduction of Amneal (the “Base Salary”)payroll taxes and other withholdings and assessments as required by law.

Appears in 2 contracts

Samples: Executive Agreement, Executive Agreement (Global Imaging Systems Inc)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary Base Salary at the annual rate of Three Hundred Twenty-five Thousand Dollars ($750,000325,000) during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to increaseapplicable withholding and other taxes. The Base Salary shall be reviewed, or decreaseat least annually, only if salary decreases are concurrently implemented across for merit increases and may, by action and in the senior executives of Amneal as determined by the Board or the Compensation Committee discretion of the Board Board, be increased at any time or from time to time in its discretiontime, payable in accordance with but may not be decreased from the payroll practices of Amneal (the “then current Base Salary”).

Appears in 2 contracts

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

Base Salary. During the Term, the Executive shall be entitled to receive a an annual base salary at the annual rate of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretionOne Hundred Fifty Thousand US Dollars (US$150,000.00), payable in accordance with the Company’s then-existing payroll practices of Amneal policies (the “Base Salary”)) and subject to all applicable withholding requirements. The Base Salary shall be reviewed by the Board and its Compensation Committee annually for adequacy.

Appears in 2 contracts

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

Base Salary. During the Term, the Executive shall be entitled to receive a base salary Base Salary at the an annual rate of one hundred seventy-five thousand dollars ($750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion175,000), payable in accordance with the Company's customary payroll practices practices. The Company's Board of Amneal (Directors shall provide Executive with annual performance reviews, and, thereafter, Executive shall be entitled to such Base Salary as the “Base Salary”)Board of Directors may from time to time establish in its sole discretion.

Appears in 2 contracts

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

Base Salary. During the Term, the Executive shall be entitled to receive a base salary commencing on the Effective Date and during his employment hereunder of $185,000 per annum (the "Base Salary"), which amount may be increase annually at the annual rate discretion of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time (the "Committee"). The Base Salary shall be paid to time in its discretion, payable Executive by the Company in accordance with the Company's regular payroll practices of Amneal (the “Base Salary”)practice as in effect from time to time.

Appears in 2 contracts

Samples: Executive Agreement (Bankrate Inc), Executive Agreement (Bankrate Inc)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary at the annual rate consistent with existing salary (the "BASE SALARY") during the Term of $750,000Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to increaseapplicable withholding and other taxes. The Base Salary shall be reviewed, or decreaseat least annually, only if salary decreases are concurrently implemented across for merit increases and may, by action and in the senior executives of Amneal as determined by the Board or the Compensation Committee discretion of the Board Board, be increased at any time or from time to time in its discretion, payable in accordance with the payroll practices of Amneal (the “Base Salary”)time.

Appears in 2 contracts

Samples: Employment Agreement (Egpi Firecreek, Inc.), Employment Agreement (Egpi Firecreek, Inc.)

Base Salary. During the Term, the Executive shall be entitled to receive a base salary (as may be increased from time to time, “Base Salary”), paid in accordance with the normal payroll practices of Employer, at the an annual rate of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board 1,000,000. The Base Salary shall be reviewed from time to time in its discretion, payable in accordance with Employer’s policies and practices, but no less frequently than once annually and may be increased, but not decreased from its then current level, at any time and from time to time by action of the payroll practices of Amneal (the “Base Salary”)Compensation Committee and Board.

Appears in 2 contracts

Samples: Executive Employment Agreement (Hershey Co), Executive Employment Agreement (Hershey Co)

Base Salary. During the TermThe Executive's base salary hereunder shall be $605,000 per year, payable semi-monthly. Commencing on January 1, 2005, the Executive Board shall be entitled to receive a review such base salary at the annual rate of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board least annually and make such adjustments from time to time as it may deem advisable, but the base salary shall not at any time be reduced from the base salary in its discretion, payable in accordance with the payroll practices of Amneal (the “Base Salary”)effect from time to time.

Appears in 2 contracts

Samples: Employment Agreement (VHS of Anaheim Inc), Employment Agreement (VHS of Anaheim Inc)

Base Salary. During the Term, the Executive shall be entitled to receive a base salary at commencing on the annual rate Effective Date and during his employment hereunder of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion, payable in accordance with the payroll practices of Amneal 300,000 per annum (the “Base Salary”), which amount may be increased (but not decreased) annually at the discretion of the Compensation Committee of the Board (the “Committee”). The Base Salary shall be paid to Executive by the Company in accordance with the Company’s regular payroll practice as in effect from time to time.

Appears in 2 contracts

Samples: Executive Agreement (Bankrate, Inc.), Executive Agreement (Bankrate Inc)

Base Salary. During the TermEmployment Period, the Executive shall be entitled to receive a base an annual salary at the annual rate of equal to One Million Dollars ($750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion, payable in accordance with the payroll practices of Amneal 1,000,000) (the “Base Salary”). The Base Salary shall be paid not less frequently than monthly and otherwise in accordance with the Company’s regular payroll practice. The Board shall review Base Salary at least annually and may increase Base Salary in its sole discretion. The increased Base Salary shall thereafter be considered the Base Salary and may not be decreased once increased.

Appears in 2 contracts

Samples: Employment Agreement (Reliant Pharmaceuticals, Inc.), Employment Agreement (Reliant Pharmaceuticals, Inc.)

Base Salary. During the TermTerm of Employment, the Executive shall be entitled to receive a base salary at of no less than $175,000.00 per annum (“Base Salary”) payable in equal semi-monthly installments. Such Base Salary shall be reviewed annually for increase in the annual rate sole discretion of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion, payable in accordance with the payroll practices of Amneal (thereof. Any such salary increase shall then be the “Base Salary”)” for purposes of this Agreement.

Appears in 2 contracts

Samples: Cynthia Koenig (Ascent Assurance Inc), Konrad Kober (Ascent Assurance Inc)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary from the Company at the annual rate of Four Hundred and Seventy-Five Thousand Dollars ($750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board 475,000) per year (“Base Salary”). The Executive’s Base Salary shall be reviewed from time to time in its discretion, payable in accordance with the payroll practices of Amneal (Company’s established procedures for adjusting salaries for similarly situated employees and may be adjusted in the “Base Salary”)Company’s discretion.

Appears in 2 contracts

Samples: Employment Agreement (Restoration Hardware Holdings Inc), Employment Agreement (Restoration Hardware Holdings Inc)

Base Salary. During the Term, the Executive shall be entitled to receive a base salary at commencing on the annual rate Effective Date and during his employment hereunder of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion, payable in accordance with the payroll practices of Amneal 235,000 per annum (the “Base Salary”), which amount may be increase annually at the discretion of the Compensation Committee of the Board (the “Committee”). The Base Salary shall be paid to Executive by the Company in accordance with the Company’s regular payroll practice as in effect from time to time.

Appears in 2 contracts

Samples: Executive Agreement (Bankrate, Inc.), Executive Agreement (Bankrate Inc)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary from the Company at the annual rate of One Million One Hundred Thousand Dollars ($750,000, subject to increase, 1,100,000.00) per year. The Executive’s base salary shall be reviewed annually on or decrease, only if salary decreases about the same time that the compensation arrangements (including the Annual Bonus for the immediately prior year) for the Company’s management team are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion, payable in accordance with the payroll practices of Amneal (the “Base SalaryCommittee”), which shall consider appropriate factors, including, without limitation, the Executive’s performance and the Company’s financial condition.

Appears in 2 contracts

Samples: Inventions Agreement (Restoration Hardware Holdings Inc), Employment Agreement (Restoration Hardware Holdings Inc)

Base Salary. During The Executive will receive from the Term, the Executive shall be entitled to receive a Employer an annual base salary at the annual rate of Six Hundred Thousand dollars ($750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion, payable in accordance with the payroll practices of Amneal 600,000) (the “Base Salary”), payable in accordance with the standard practice of the Employer in the payment of salaries of its employees but no less frequently than monthly. The Board will review the Base Salary from time to time, and may, in its sole and absolute discretion, increase the Base Salary. The Executive’s Base Salary may not be reduced.

Appears in 2 contracts

Samples: Executive Employment Agreement (Liquid Holdings Group, Inc.), Executive Employment Agreement (Liquid Holdings Group LLC)

Base Salary. During The Executive will receive from the Term, the Executive shall be entitled to receive a Employer an annual base salary at the annual rate of four hundred and fifty thousand Dollars ($750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion, payable in accordance with the payroll practices of Amneal 450,000) (the “Base Salary”), payable in accordance with the standard practice of the Employer in the payment of salaries of its employees but no less frequently than monthly. The Board will review the Base Salary from time to time, and may, in its sole and absolute discretion, increase the Base Salary. The Executive’s Base Salary may not be reduced.

Appears in 2 contracts

Samples: Executive Employment Agreement (Liquid Holdings Group, Inc.), Executive Employment Agreement (Liquid Holdings Group LLC)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary at the annual rate Base Salary of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion, 1,100,000 per annum payable in accordance with the Company's customary payroll practices for the payment of Amneal (executive salaries. The Executive's Base Salary shall be reviewed and may be increased, but not decreased, annually by the “Base Salary”)Compensation Committee pursuant to its normal performance review policies for senior executives, with the first such review occurring in 2003.

Appears in 2 contracts

Samples: Employment Agreement (Qwest Communications International Inc), Employment Agreement (Qwest Communications International Inc)

Base Salary. During the Term, the The Executive shall be entitled to will receive a base salary at the annual rate of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion, payable in accordance with the payroll practices of Amneal 110,000 annually (the “Base Salary”), payable in accordance with the Company’s normal payroll practices and subject to applicable taxes and withholding. The Executive’s Base Salary may from time to time be increased, but not decreased, by the Board. The Executive may at any time elect to take a portion of the amounts owed as Base Salary as common stock, par value $0.00001 per share, of the Company (the “Common Stock”).

Appears in 2 contracts

Samples: Employment Agreement (World Surveillance Group Inc.), Employment Agreement (World Surveillance Group Inc.)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary at the annual rate of $750,000300,000 (the "Base Salary") during the term of this Agreement, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to increaseapplicable withholding and other taxes. The Base Salary shall be reviewed, or decreaseat least annually, only if salary decreases are concurrently implemented across for merit increases and may, by action and in the senior executives of Amneal as determined by the Board or the Compensation Committee reasonable discretion of the Board Board, be increased at any time or from time to time in its discretiontime, payable in accordance based upon a competitive market analysis of comparable companies, as well as published survey data, with respect to compensation paid to individuals similarly situated to the payroll practices of Amneal (the “Base Salary”)Executive.

Appears in 2 contracts

Samples: Employment Agreement (Mego Mortgage Corp), Employment Agreement (Altiva Financial Corp)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary at (the annual rate "Base Salary") of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion, 800,000 per annum payable in accordance with the Company's customary payroll practices for the payment of Amneal (executive salaries. The Executive's Base Salary shall be reviewed and may be increased, but not decreased, annually by the “Base Salary”)Compensation Committee pursuant to its normal performance review policies for senior executives, with the first such review occurring in 2003.

Appears in 2 contracts

Samples: Employment Agreement (Qwest Communications International Inc), Employment Agreement (Qwest Communications International Inc)

Base Salary. During the Employment Term, the Executive shall be entitled to receive a base salary (“Base Salary”) at the annual rate of at least One Million One Hundred Thousand Dollars ($750,0001,100,000.00) for services rendered to the Company or any of its direct or indirect subsidiaries, subject to increase, or decrease, only if salary decreases are concurrently implemented across payable in accordance with the senior executives of Amneal as determined Company’s regular payroll practices (but no less frequently than monthly). The Executive’s Base Salary will be reviewed annually by the Board or the Compensation Committee of the Board from time to time and may be adjusted in its the Compensation Committee’s discretion, payable in accordance with the payroll practices of Amneal (the “Base Salary”).

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (World Wrestling Entertainmentinc)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary Base Salary at the annual rate of $750,000425,000 during the Term of Employment, with such Base Salary payable in installments consistent with the Company’s normal payroll schedule, subject to increaseapplicable withholding and other taxes. The Base Salary shall be reviewed, or decreaseat least annually, only if salary decreases are concurrently implemented across for merit increases and may, by action and in the senior executives of Amneal as determined by the Board or the Compensation Committee discretion of the Board Board, be increased at any time or from time to time in its discretiontime, payable in accordance with but may not be decreased from the payroll practices of Amneal (the “then current Base Salary”).

Appears in 2 contracts

Samples: Employment Agreement (INSMED Inc), Employment Agreement (Insmed Inc)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary at the annual rate of $750,000, 1,000,000 per year. Such base salary shall be subject to increase, or periodic increase (but no decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal ) from time to time as determined by the Beacon Board or the Compensation Committee of the Board in its sole discretion (as may be increased from time to time in its discretiontime, payable in accordance with the payroll practices of Amneal (the “Base Salary”). Base Salary shall be payable in such manner and at such times as the Company shall pay base salary to other similarly situated executive employees.

Appears in 2 contracts

Samples: Employment Agreement (BJ's Wholesale Club Holdings, Inc.), Employment Agreement (BJ's Wholesale Club Holdings, Inc.)

Base Salary. During the TermTerm of Employment, the Executive shall be entitled to receive a base salary at the annual rate of One Hundred Twenty Thousand Dollars ($750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion, payable in accordance with the payroll practices of Amneal 120,000) per year (the “Base Salary”), or such increased salary as may from time to time be approved by the Board. Executive’s Base Salary shall be paid in accordance with the Companies’ regular payroll practices. The Base Salary shall be divided between the Companies as the Board may determine.

Appears in 2 contracts

Samples: Employment Agreement (Middleton Doll Co), Employment Agreement (Middleton Doll Co)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary at the annual rate (prorated for any applicable period of less than one year) of $750,000100,000 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to increaseapplicable withholding and other taxes. The Base Salary shall be reviewed, or decreaseat least annually, only if salary decreases are concurrently implemented across for merit increases and may, by action and in the senior executives of Amneal as determined by the Board or the Compensation Committee discretion of the Board Board, be increased (but not decreased) at any time or from time to time in its discretion, payable in accordance with the payroll practices of Amneal (the “Base Salary”)time.

Appears in 2 contracts

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

Base Salary. During the Term, the The Executive shall be entitled to receive a an initial base salary at the annual rate of One Hundred Twenty Thousand Dollars ($750,000120,000) (the "Base Salary"), with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to increaseapplicable withholding and other taxes. The Base Salary shall be reviewed, or decreaseat least annually, only if salary decreases are concurrently implemented across for merit increases and may, by action and in the senior executives of Amneal as determined by the Board or the Compensation Committee discretion of the Board Board, be increased at any time or from time to time in its discretion, payable in accordance with the payroll practices of Amneal (the “Base Salary”)time.

Appears in 2 contracts

Samples: Employment Agreement (Demandstar Com Inc), Employment Agreement (Demandstar Com Inc)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary at the annual rate of $750,000150,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to increaseapplicable withholding and other taxes. The Base Salary shall be reviewed, or decreaseat least annually, only if salary decreases are concurrently implemented across for merit increases and may, by action and in the senior executives of Amneal as determined by the Board or the Compensation Committee sole discretion of the Board Board, be increased at any time or from time to time in its discretion, payable in accordance with the payroll practices of Amneal (the “Base Salary”)time.

Appears in 2 contracts

Samples: Employment Agreement (Terremark Worldwide Inc), Employment Agreement (Terremark Worldwide Inc)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary at the annual rate of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion, payable in accordance with the payroll practices of Amneal 190,000.00 (the “Base Salary”)) during the Term of Employment, with such Base Salary payable in install-ments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time.

Appears in 2 contracts

Samples: Employment Agreement (Metropolitan Health Networks Inc), Employment Agreement (Metropolitan Health Networks Inc)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary at the annual rate of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion, payable in accordance with the payroll practices of Amneal 300,000.00 (the “Base Salary”)) during the Term of Employment, with such Base Salary payable in install-ments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time.

Appears in 2 contracts

Samples: Employment Agreement (Metropolitan Health Networks Inc), Employment Agreement (Metropolitan Health Networks Inc)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary at the annual annualized rate of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion, payable in accordance with the payroll practices of Amneal 350,000 (the “Base Salary”), paid in equal bi-monthly installments in accordance with the Company’s regularly established payroll procedure. Such Base Salary shall be reviewed by the Company’s compensation committee and the Board in the first quarter of each fiscal year; any adjustment to the Executive’s Base Salary shall be retroactively effective as of the first day of such fiscal year.

Appears in 2 contracts

Samples: Employment Agreement (Nabriva Therapeutics PLC), Employment Agreement (Nabriva Therapeutics AG)

Base Salary. During the TermTerm of Employment, the Executive shall will be entitled to receive a an annualized base salary at (the annual rate “Base Salary”) of not less than $750,000. Beginning in 2017, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion, payable in accordance with the payroll practices of Amneal Directors (the “Compensation Committee”) will review Executive’s Base Salary annually to determine whether increases are appropriate. Any such increased amount will thereafter be Executive’s “Base Salary”)” for purposes under this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Chimera Investment Corp), Employment Agreement (Chimera Investment Corp)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary at the ----------- annual rate of $750,000175,000.00 (the "Base Salary"), subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board adjustment from time to time by the Employer. The compensation provided for in its discretion, payable this Section shall be in accordance with addition to any bonuses or other additional compensation specified in this Agreement or provided at the payroll practices option of Amneal (the “Base Salary”)Employer.

Appears in 2 contracts

Samples: Employment and Additional Purchase Price Agreement (WMF Group LTD), Employment and Additional Purchase Price Agreement (WMF Group LTD)

Base Salary. During the Term, the The Executive shall be entitled to receive paid a base salary at the an annual rate of $750,0001,666,667, subject which salary shall be earned and payable at such intervals in conformity with the Company’s prevailing practice as such practice shall be established or modified from time to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives time. The compensation committee of Amneal as determined by the Board or a subcommittee thereof (the Compensation Committee “Committee”) shall periodically review the amount of the Board from time to time Executive’s salary and may increase, but not decrease, such salary in its discretion, payable in accordance with the payroll practices of Amneal (the “Base Salary”).

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (T-Mobile US, Inc.)

Base Salary. During the Term, the Executive shall be entitled to receive a base salary (“Base Salary”) at the annual initial rate of Two Hundred Twenty-Five Thousand Dollars ($750,000, 225,000) per year. Executive’s Base Salary shall be subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined discretionary increases (but not decreases) based on an annual review by the Company’s Board of Directors or the its Compensation Committee of the Board from time to time in its discretion, payable Committee. Executive’s Base Salary shall be paid in accordance with the standard payroll practices of Amneal (the “Base Salary”)Company in effect from time to time.

Appears in 2 contracts

Samples: Employment Agreement (Quad/Graphics, Inc.), Employment Agreement (Quad/Graphics, Inc.)

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Base Salary. During the Term, the The Executive shall initially be entitled to receive paid a base salary at (the annual rate "Base Salary") of One Hundred Twenty Thousand Dollars ($750,000120,000) per year, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined which shall be periodically reviewed and increased by the Board or the Compensation Committee of the Board from time to time Board, in its sole discretion, payable during the Employment Term. All compensation shall be made in accordance with the standard payroll practices of Amneal (the “Base Salary”)Company.

Appears in 2 contracts

Samples: Executive Employment Agreement (Celerity Systems Inc), Executive Employment Agreement (McMillen Charles Thomas)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary at equal to one hundred and five thousand dollars ($105,000) per annum (the annual rate of $750,000"Base Salary"), subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion, payable which Base Salary shall be paid in accordance with the Company's generally applicable payroll practices of Amneal and procedures (or in such other manner as the Executive and the Company may otherwise agree). The Base Salary”Salary shall be reviewed for adjustment by the Board annually (commencing on or about January 1, 2002, and on or about each January 1 thereafter during the Employment Period).

Appears in 2 contracts

Samples: Employment Agreement (Mining Services International Corp/), Employment Agreement (Mining Services International Corp/)

Base Salary. During the Term, the Executive shall be entitled to receive a an annual base salary at the annual rate (“Base Salary”) of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal 290,000 commencing as determined by the Board or the Compensation Committee of the Board from time to time Effective Date. The Board, in its discretion, may review the Base Salary periodically and adjust the Base Salary in its sole discretion based on relevant circumstances. The Base Salary shall be payable by the Company to Executive in accordance with equal installments on the payroll practices dates payments of Amneal (salary are regularly made by the “Base Salary”)Company to its executive employees subject to all required tax withholdings.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (Bre Properties Inc /Md/)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary Base Salary at the annual rate of $750,000500,000.00 (Five Hundred Thousand and 00/100 Dollars) during the Term of Employment, with such Base Salary payable in installments consistent with the Company’s normal payroll schedule, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion, payable in accordance with the payroll practices of Amneal (the “Base Salary”)applicable withholding and other taxes.

Appears in 2 contracts

Samples: Executive Employment Agreement (SeqLL, Inc.), Executive Employment Agreement (SeqLL, Inc.)

Base Salary. During the Term, the Executive shall be entitled to receive a base salary Base Salary at the annual rate of Two Hundred One Thousand Dollars ($750,000, subject 201,000) per annum which shall be payable in semi-monthly installments in conformity with the Company's policy relating to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal its employees generally as determined in effect from time to time. Executive's Base Salary shall be reviewed periodically by the Board or the Compensation Committee and may be increased by action of the Board from time to time upon such review, but Executive's salary shall not be decreased except as provided in its discretion, payable in accordance with the payroll practices of Amneal (the “Base Salary”)Sections 4 and 5.

Appears in 2 contracts

Samples: Employment Agreement (American Health Properties Inc), Executive Employment Agreement (American Health Properties Inc)

Base Salary. During the TermTerm of this Agreement, the Executive shall be entitled to receive a base salary at the annual a gross rate of One Hundred Sixty Thousand Dollars ($750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion, payable in accordance with the payroll practices of Amneal 160,000) per annum (the “Base Salary”), payable in substantially equal installments in accordance with the Company’s normal payroll practices for payment of its employees, as in effect from time to time. Executive’s Base Salary shall be subject to upward adjustment from time to time, as determined by the Board (or a committee thereof) in its sole discretion, but shall not be adjusted downward.

Appears in 2 contracts

Samples: Employment Agreement (Forza X1, Inc.), Employment Agreement (Twin Vee PowerCats, Co.)

Base Salary. During the Term, the Executive shall be entitled to receive a base salary at the annual an annualized rate of $750,0001,400,000 (such annualized amount, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion“Base Salary”), payable in accordance with the Company’s regular payroll practices of Amneal (the “Base Salary”)practice for its senior executives, as in effect from time to time.

Appears in 2 contracts

Samples: Executive Retirement Agreement (Stanley Black & Decker, Inc.), Executive Retirement Agreement (Stanley Black & Decker, Inc.)

Base Salary. During the Term, the Executive shall be entitled to receive a paid an annual base salary at of One Hundred Eighty Thousand dollars ($180,000.00) during the Original Term. The Corporation's Chief Executive Officer may increase the Executive's annual rate base salary effective as of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across any anniversary date of this Agreement in such amounts as the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time Chief Executive Officer deems appropriate in its his sole discretion, payable in accordance with the payroll practices of Amneal . (the “Base Salary”B).

Appears in 2 contracts

Samples: Assignment of Warrant Agreement (Phoenix Group Corp), Assignment of Warrant Agreement (Phoenix Group Corp)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary at the annual rate (prorated for any applicable period of less than one year) of $750,000175,000 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to increaseapplicable withholding and other taxes. The Base Salary shall be reviewed, or decreaseat least annually, only if salary decreases are concurrently implemented across for merit increases and may, by action and in the senior executives of Amneal as determined by the Board or the Compensation Committee discretion of the Board Board, be increased (but not decreased) at any time or from time to time in its discretion, payable in accordance with the payroll practices of Amneal (the “Base Salary”)time.

Appears in 2 contracts

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

Base Salary. During Executive shall receive a Base Salary at an annual rate of two hundred sixty thousand and one dollar ($260,001.00), payable semi-monthly in equal installments in accordance with the TermCompany’s normal payroll practices. The Chief Executive Officer shall provide Executive with annual performance reviews, the and, thereafter, Executive shall be entitled to receive a base salary at such increase in Base Salary as the annual rate Chief Executive Officer and Board of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board Directors may from time to time establish in its their sole discretion, payable in accordance with the payroll practices of Amneal (the “Base Salary”).

Appears in 2 contracts

Samples: Employment Agreement (Neurocrine Biosciences Inc), Employment Agreement (Neurocrine Biosciences Inc)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary at the annual rate of Two Hundred Fifty Thousand Dollars ($750,000250,000) (the "Base Salary") during the Term of this Agreement, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion, payable in accordance with the payroll practices of Amneal (the “Base Salary”)applicable withholding and other taxes."

Appears in 2 contracts

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

Base Salary. During the Term, the Executive shall be entitled to receive a an aggregate annual base salary (“Base Salary”) at the annual an initial rate of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion551,250.00, payable in accordance with the Company’s applicable payroll practices of Amneal practices. Base Salary shall be reviewed annually by the Board and increased (but not decreased) in the Board’s sole discretion. References in this Agreement to Base Salary”)Salary shall be deemed to refer to the most recently effective annual base salary rate.

Appears in 2 contracts

Samples: Employment Agreement (Vistra Corp.), Employment Agreement (Vistra Corp.)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary "Base Salary" at the annual rate of Eighty Thousand Dollars ($750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion80,000) per annum, payable in periodic installments in accordance with the regular payroll practices of Amneal (the “Base Salary”)Employer.

Appears in 2 contracts

Samples: Employment Agreement (Wellington Properties Trust), Employment Agreement (Wellington Properties Trust)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary Base Salary at the annual rate of $750,000275,000 during the Term of Employment, with such Base Salary payable in installments consistent with the Company’s normal payroll schedule, subject to increaseapplicable withholding and other taxes. The Base Salary shall be reviewed, or decreaseat least annually, only if salary decreases are concurrently implemented across for merit increases and may, by action and in the senior executives discretion of Amneal as determined by the Board or the Compensation Committee of the Board Board, be increased at any time or from time to time in its discretiontime, payable in accordance with but may not be decreased from the payroll practices of Amneal (the “then current Base Salary”).

Appears in 2 contracts

Samples: Employment Agreement (Terremark Worldwide Inc), Employment Agreement (Terremark Worldwide Inc)

Base Salary. During the Term, the Executive shall be entitled to receive a base salary at the annual a rate of two-hundred seventy-five thousand dollars ($750,000275,000.00) per annum, subject to increasewhich base salary shall be payable in accordance with the payroll practices of the Company, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal with such increases as may be determined by the Board or the Compensation Committee of the Board from time to time in its discretionsole discretion (as increased from time to time, payable in accordance with the payroll practices of Amneal (the “Base Salary”).

Appears in 2 contracts

Samples: Option Agreement (Signature Group Holdings Inc), Option Agreement (Signature Group Holdings Inc)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary at equal to one hundred and fifteen thousand dollars ($115,000) per annum (the annual rate of $750,000"Base Salary"), subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion, payable which Base Salary shall be paid in accordance with the Company's generally applicable payroll practices of Amneal and procedures (or in such other manner as the Executive and the Company may otherwise agree). The Base Salary”Salary shall be reviewed for adjustment by the Board annually (commencing on or about January 1, 2002, and on or about each January 1 thereafter during the Employment Period).

Appears in 2 contracts

Samples: Employment Agreement (Mining Services International Corp/), Employment Agreement (Mining Services International Corp/)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary at the annual rate of $750,000190,000. The base salary shall be payable in substantially equal installments consistent with the Company's normal payroll schedule, subject to increase, or decrease, only if applicable withholding and other taxes. Base salary decreases are concurrently implemented across may be increased during the senior executives of Amneal as determined by Employment Term but may not be decreased and the Board or shall consider, on an annual basis, the Compensation Committee nature, extent and advisability, if any, of an increase in the Board from time to time in its discretion, payable in accordance with the payroll practices of Amneal (the “Base Salary”)Executive's base salary.

Appears in 2 contracts

Samples: Employment Agreement (United Insurance Holdings Corp.), Employment Agreement (United Insurance Holdings Corp.)

Base Salary. During the Term, the Employer will pay Executive shall be entitled to receive a base salary at in the annual rate amount of $750,0001,000,000 per year ("Base Salary"), subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined with annual review for increase by the Board or a duly authorized committee thereof, it being understood that any such increase shall be at the Compensation Committee discretion of the Board from time to time or a duly authorized committee thereof, which amount will be paid in its discretionsemi-monthly intervals, payable in accordance with the payroll practices of Amneal (the “Base Salary”)less appropriate withholdings for federal and state taxes and other deductions authorized by Executive.

Appears in 2 contracts

Samples: Employment Agreement (Magellan Health Services Inc), Execution Copy Employment Agreement (Magellan Health Services Inc)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary at the an annual rate of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across 500,000 (the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion, "Base Salary"). The Base Salary shall be payable in accordance with the normal payroll practices of Amneal in effect from time to time, but not less than monthly. The Base Salary shall be reviewed periodically by the Company for increase (but not decrease), and the term "Base Salary”)" shall include any such increase.

Appears in 2 contracts

Samples: Employment Agreement (Telewest Global Inc), Employment Agreement (Autocam International LTD)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary at the annual rate of One Hundred Forty-two Thousand Five Hundred Dollars ($750,000142,500) (the "Base Salary") during the term of this Agreement, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to increaseapplicable withholding and other taxes. The Base Salary also shall be reviewed, or decreaseat least annually, only if salary decreases are concurrently implemented across for merit and cost of living adjustment increases and may, by action and in the senior executives of Amneal as determined by the Board or the Compensation Committee discretion of the Board Board, be increased at any time or from time to time in its discretion, payable in accordance with the payroll practices of Amneal (the “Base Salary”)time.

Appears in 2 contracts

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

Base Salary. During the Term, the The Executive shall be entitled to will receive a base salary at the annual rate of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion, payable in accordance with the payroll practices of Amneal 601,000 annually (the “Base Salary”), payable in equal increments in accordance with the Company’s normal payroll practice. In addition, the Executive’s Base Salary may from time to time be increased, but not decreased, by the Board.

Appears in 2 contracts

Samples: Employment Agreement (Alpha Pro Tech LTD), Employment Agreement (Alpha Pro Tech LTD)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary Base Salary at the annual rate of $750,00090,000 during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives applicable withholding and other taxes. The Base Salary shall be increased upon completion of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion, payable in accordance with the payroll practices of Amneal (the “Base Salary”).certain milestones:

Appears in 2 contracts

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

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary at the annual annualized rate of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion, payable in accordance with the payroll practices of Amneal 530,000 (the “Base Salary”), paid in equal bi-monthly installments in accordance with the Company’s regularly established payroll procedure. Such Base Salary shall be reviewed by the compensation committee of the Board and/or the full Board in the first quarter of each fiscal year; any adjustment to the Executive’s Base Salary shall be retroactively effective as of the first day of such fiscal year.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (Nabriva Therapeutics PLC)

Base Salary. During Executive’s base salary (“Base Salary”) during the Term, the Executive Term shall be entitled to receive a base salary at the annual rate of one million dollars ($750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion1,000,000) per annum, payable in accordance with the normal payroll practices and no less frequently than on a monthly basis. The amount of Amneal Executive’s Base Salary shall be reviewed annually and may, at the discretion of the Board, be adjusted (but never below the then Base Salary). Any such increased amount shall constitute Base Salary hereunder.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (Willis Group Holdings PLC)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary at equal to Two Hundred Twenty Thousand Dollars ($220,000) per annum, which base salary shall be paid in arrears in equal biweekly installments. The base salary shall be reviewed on an annual basis by the annual rate of $750,000, Company and shall be subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board increase from time to time by the Company, in its sole discretion, payable in accordance with the payroll practices of Amneal (the “Base Salary”).

Appears in 2 contracts

Samples: Employment Agreement (Shopping Com LTD), Employment Agreement (Shopping Com LTD)

Base Salary. During The Executive shall receive an annual base salary of Four Hundred Ten Thousand Dollars ($410,000), effective as of the commencement of employment (the “Salary”), plus any salary increases authorized during the Agreement Term, the Executive shall be entitled to receive a base salary at the annual rate of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretionany, payable in accordance with the Company’s payroll practices of Amneal (the “Base Salary”)cycle.

Appears in 2 contracts

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

Base Salary. During the Term, the The Executive shall be entitled to receive a an annual base salary at of one hundred and ninety six thousand, six hundred and thirty eight U.S. Dollars (US$196,638) (the annual rate of $750,000“base salary”), subject to increase, or decrease, only if standard federal and state payroll withholding requirements. The base salary decreases shall be payable in equal periodic installments which are concurrently implemented across not less than on a monthly basis. The Company will review and may adjust the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board base salary from time to time in its discretiontime, payable in accordance with the payroll practices of Amneal (the “Base Salary”)usually annually.

Appears in 1 contract

Samples: Employment Agreement (Regenerx Biopharmaceuticals Inc)

Base Salary. During the Term, the Executive shall be entitled to receive a base salary (the "Base Salary") at the an annual rate of $750,0001 million through December 31, subject to increase2006. Thereafter, or decrease, only if Executive's Base Salary shall be $1.3 million. Base Salary shall be paid at such times and in such manner as the Company customarily pays the base salaries of its employees. In the event that Executive's base salary decreases are concurrently implemented across the senior executives of Amneal as determined is increased by the Board or the Compensation Committee of the Board from time to time in its discretiondiscretion at any time during the Term, payable in accordance with such increased amount shall thereafter constitute the payroll practices of Amneal (the “Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Six Flags Inc)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary (the "Base Salary") payable in equal bi-weekly installments at the an annual rate of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives effective as of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion, payable in accordance with the payroll practices of Amneal (the “Base Salary”).January 1,

Appears in 1 contract

Samples: Employment Agreement (Avon Products Inc)

Base Salary. During the Term, the Executive shall be entitled to receive a base salary ("BASE SALARY") at the annual a rate of $750,0001,000,000 per annum, subject to increaseupward (but not downward) adjustment by the Board, or decreaseits compensation committee (the "COMPENSATION COMMITTEE"), only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its their sole discretion, payable . The Base Salary shall be paid in accordance with the Company's customary payroll practices of Amneal (the “Base Salary”)for its senior executives.

Appears in 1 contract

Samples: Agreement (Istar Financial Inc)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary Base Salary at the annual rate of Two Hundred Thousand Dollars ($750,000200,000.00) during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to increaseapplicable withholding and other taxes. The Base Salary shall be reviewed, or decreaseat least annually, only if salary decreases are concurrently implemented across for merit increases and may, by action and in the senior executives of Amneal as determined by the Board or the Compensation Committee discretion of the Board Board, be increased at any time or from time to time in its discretiontime, payable in accordance with but may not be decreased from the payroll practices of Amneal (the “then current Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Insmed Inc)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary at the annual rate of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion, payable in accordance with the payroll practices of Amneal 190,000.00 (the “Base Salary”)) during the Term of Employment, with such Base Salary payable in installments consistent with the Company’s normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time.

Appears in 1 contract

Samples: Employment Agreement (Datrek Miller International, Inc.)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary Base Salary at the annual rate of $750,000290,000.00, effective as of May 1, 2019, during the Term of Employment, with such Base Salary payable in installments consistent with the Company’s normal payroll schedule, subject to increaseapplicable withholding and other taxes. The Base Salary shall be reviewed, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion, payable in accordance with the payroll practices of Amneal (the “Base Salary”)at least annually.

Appears in 1 contract

Samples: Executive Employment Agreement (KalVista Pharmaceuticals, Inc.)

Base Salary. During the TermEffective as of January 1, 2019, the Executive shall be entitled to receive a base salary at the annual annualized rate of $750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across 412,500.00 (the senior executives of Amneal as determined by "Base Salary"). The Executive's Base Salary shall be paid in equal installments in accordance with the Board or the Compensation Committee of the Board Company's regularly established payroll procedures. The Executive's Base Salary will be reviewed from time to time by the Board and is subject to change in its discretion, payable in accordance with the payroll practices discretion of Amneal (the “Base Salary”)Board.

Appears in 1 contract

Samples: Employment Agreement (Solid Biosciences Inc.)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary at the annual rate of Fifty Thousand Dollars ($750,00050,000,00) (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to increaseapplicable withholding and other taxes. The Base Salary shall be reviewed, or decreaseat least annually, only if salary decreases are concurrently implemented across for merit increases and may, by action and in the senior executives of Amneal as determined by the Board or the Compensation Committee discretion of the Board Board, be increased at any time or from time to time in its discretion, payable in accordance with the payroll practices of Amneal (the “Base Salary”)time.

Appears in 1 contract

Samples: Employment Agreement (Summit Brokerage Services Inc / Fl)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary at the annual rate of $750,000270,000 (the "BASE SALARY") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to increaseapplicable withholding and other taxes. The Base Salary shall be reviewed, or decreaseat least annually, only if salary decreases are concurrently implemented across for merit increases and may, by action and in the senior executives of Amneal as determined by the Board or the Compensation Committee discretion of the Board Board, be increased at any time or from time to time in its discretion, payable in accordance with the payroll practices of Amneal (the “Base Salary”)time.

Appears in 1 contract

Samples: Employment Agreement (Diagnostic Pathology Management Services Inc)

Base Salary. During the Term, the Executive shall be entitled to receive a an initial annual base salary at the annual rate of Two Hundred and Fifty Thousand Dollars ($750,000, subject to increase, or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the Compensation Committee of the Board from time to time in its discretion250,000.00), payable in accordance with according to the Company’s normal payroll practices of Amneal policies and procedures (the “Base Salary”).) and subject to all federal, state, and municipal withholding requirements. The Base Salary shall be reviewed by the Board annually for adequacy and may be increased or decreased accordingly. Base Salary, as so adjusted, shall constitute “Base Salary” thereafter. ______________________

Appears in 1 contract

Samples: Employment Agreement (Electronic Cigarettes International Group, Ltd.)

Base Salary. During the Term, the The Executive shall be entitled to receive a an annual base salary at the annual rate of USD $750,000, 165,000 paid in equal monthly installments subject to increase, such withholding and deductions as are required by law or decrease, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by the Board or the agreed upon ("Base Salary"). The Company's Compensation Committee of shall review the Board Executive's Base Salary hereunder from time to time time, but not less frequently than each Company fiscal year and, in its discretion, payable may adjust such Base Salary in accordance with the payroll practices of Amneal (the “Base Salary”).such amount as it deems appropriate

Appears in 1 contract

Samples: Employment Agreement (Midway Airlines Corp)

Base Salary. During the Term, the The Executive shall be entitled to receive a base salary Base Salary at the annual rate of $750,000420,000.00 during the Term of Employment, with such Base Salary payable in installments consistent with the Company’s normal payroll schedule, subject to increaseapplicable withholding and other taxes. The Base Salary shall be reviewed, or decreaseat least annually, only if salary decreases are concurrently implemented across for merit increases and may, by action and in the senior executives of Amneal as determined by the Board or the Compensation Committee discretion of the Board (or its Compensation Committee), be increased at any time or from time to time in its discretiontime, payable in accordance with but may not be decreased from the payroll practices of Amneal (the “then current Base Salary”).

Appears in 1 contract

Samples: Executive Employment Agreement (KalVista Pharmaceuticals, Inc.)

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