Common use of Base Salary Clause in Contracts

Base Salary. The Executive shall receive a base salary at the annual rate of One Hundred Eighty Thousand ($180,000) 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 applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the discretion of the Board, be increased at any time or from time to time.

Appears in 5 contracts

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

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Base Salary. The During the Term, the Executive shall be entitled to receive a base salary at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule750,000, subject to applicable withholding and other taxes. The Base Salary shall be reviewedincrease, at least annuallyor decrease, for merit increases and may, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by action and in the discretion Board or the Compensation Committee of the Board, be increased at any time or Board from time to timetime 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.)

Base Salary. The Executive shall receive a base salary at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars 250,000.00 (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 5 contracts

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

Base Salary. The During the Term of this Agreement, Executive shall receive a base salary at the annual a gross rate of One Hundred Eighty Seventy-Five Thousand Dollars ($180,00075,000) Dollars per annum (the "Base Salary") during the Term of Employment”), with such Base Salary payable in substantially equal installments consistent in accordance with the Company's ’s normal payroll schedulepractices for payment of its employees, subject as in effect from time to applicable withholding and other taxestime. The Executive’s Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the discretion of the Board, be increased at any time or 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. The Executive shall receive a base salary (the “Base Salary”) paid by the Company at the annual rate of One $285,000 (Two Hundred Eighty Eighty-Five Thousand ($180,000) Dollars (the "Base Salary") during the Term of EmploymentDollars), with such Base Salary payable in installments consistent accordance with the Company's normal payroll schedule’s general payment practices, subject to applicable withholding and other taxes. The Base Salary shall be reviewedbut no less frequently than monthly, at least annuallyin substantially equal installments, with the opportunity for merit increases and may, by action and in the discretion of the Board, be increased at any time or from time to timetime 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. The Executive shall receive a an initial base salary at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars 180,000 per annum (the "Base Salary") during the Term of Employment, with such ). Such Base Salary shall be payable in installments consistent with the Company's ’s normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary and Executive’s other forms of compensation shall be reviewed, at least annually, for merit increases and may, by action and in the discretion of the Board, be increased (but may not be decreased) at any time or from time to time. In no event shall the Base 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. The Executive shall receive a base salary at the annual rate of One Hundred Eighty Thousand $825,000 per year. Such base salary shall be subject to periodic increase ($180,000but no decrease) Dollars from time to time as determined by the Beacon Board in its sole discretion (the "as may increase from time to time, “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, payable in such manner and at least annually, for merit increases and may, by action and in such times as the discretion of the Board, be increased at any time or from time Company shall pay base salary to timeother 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. The Executive shall receive a base salary at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars 350,000.00 (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 (Terremark Worldwide Inc), Employment Agreement (Terremark Worldwide Inc), Employment Agreement (Terremark Worldwide Inc)

Base Salary. The Commencing on the effective date of this Agreement, the Executive shall receive a base salary at the annual rate of One Hundred Eighty Thousand (not less than $180,000) Dollars (the "Base Salary") during the Term of Employment147,000 for year one, with such Base Salary $180,000 for year two, and $240,000 for year three 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 discretion of the Board, be increased at any time or from time to time.

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. The Executive shall receive a base salary Base Salary at the annual rate of One $500,000.00 (Five Hundred Eighty Thousand ($180,000) Dollars (the "Base Salary"and 00/100 Dollars) during the Term of Employment, with such Base Salary payable in installments consistent with the Company's ’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 discretion of the Board, be increased at any time or from time to time.

Appears in 3 contracts

Samples: Executive Employment Agreement (Atlantic International Corp.), Executive Employment Agreement (SeqLL, Inc.), Executive Employment Agreement (SeqLL, Inc.)

Base Salary. The During the Term, the Executive shall will receive a base salary at the annual rate of One Hundred Eighty Thousand $155,000 per annum, payable in substantially equal installments in accordance with the Bank’s regular payroll practices ($180,000) Dollars (the "Base Salary") during the Term of Employment, with such ”). The Executive’s Base Salary payable in installments consistent with will be reviewed by the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least Board annually, for merit increases and maythe Executive will be entitled to receive annually an increase in such amount, if any, as may be determined by action and in the discretion of the Board, be increased at any time or from time to time.

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. The Executive shall receive a an initial base salary at the annual rate of One Hundred Eighty Seventy Thousand Dollars ($180,000170,000.00) 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 applicable withholding and other taxes. The Base Salary shall also be reviewed, at least annually, for merit increases and may, by action and in the discretion of the Board, be increased at any time or from time to time.

Appears in 3 contracts

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

Base Salary. The During the Term, for all services rendered under this Agreement, Executive shall receive a an aggregate annual base salary (“Base Salary”) at the annual an initial rate of One Hundred Eighty Thousand ($180,000) Dollars (the "Base Salary") during the Term of Employment1,000,000, with such Base Salary payable in installments consistent accordance with the Company's normal ’s applicable payroll schedule, subject 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 applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in deemed to refer to the discretion of the Board, be increased at any time or from time to timemost 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. The Executive shall receive a Executive’s annual base salary at the annual rate of One Hundred Eighty Thousand ($180,000) 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 applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the discretion of the Board, $1,500,000 (as may be increased at any time or from time to time, 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. The During the Term, the Executive shall be entitled to receive a base salary at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule850,000, subject to applicable withholding and other taxes. The Base Salary shall be reviewedincrease, at least annuallyor decrease, for merit increases and may, by action and in only if salary decreases are concurrently implemented across the discretion senior executives of the BoardCompany, be increased at any time as determined by the Board or its Compensation Committee from time to timetime in its discretion, payable in accordance with the payroll practices of 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. The Executive shall receive a base salary at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars 150,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's ’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. The During the Term, Executive shall receive a base salary at of no less than $1,000,000 per year, payable in accordance with the annual rate usual payroll practices of One Hundred Eighty Thousand ($180,000) Dollars the Company (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 discretion of the Board, be increased at any time or from time to time”).

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. The Executive shall receive a base salary Base Salary at the annual annualized rate of One Hundred Eighty Thousand ($180,000) Dollars (the "Base Salary") 400,000 during the Term of Employment, with such Base Salary payable in installments consistent with the Company's ’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 discretion of the Board, be increased at any time or from time to time, but may not be decreased from 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. The Executive shall receive a base salary at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars 150,000 (the "Base Salary") during the Term of Employment, with such ). The Base Salary shall be payable in substantially equal installments consistent with the Company's normal payroll schedule, subject to any applicable withholding and other taxes. The Executive's Base Salary shall may be reviewed, at least annually, for merit increases and may, by action and increased in the discretion of Board's discretion, subject to reasonable performance objectives as established by the Board, be increased at any time or from time to time.

Appears in 3 contracts

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

Base Salary. The Executive shall receive a base salary Base Salary at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars (the "Base Salary") 250,000 during the Term of Employment, with such Base Salary payable in installments consistent with the Company's ’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 discretion of the Compensation Committee of the Board, be increased at any time or from time to time, but may not be decreased from 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. The Executive shall will receive a from the Employer an annual aggregate base salary at the annual rate of One Five Hundred Eighty Thousand Dollars ($180,000500,000) Dollars (the "Base Salary") during ”), payable in accordance with the Term standard practice of Employment, with such the Employer in the payment of salaries of its employees but no less frequently than monthly. The Board will review the 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 in its sole and in absolute discretion, increase the discretion of the Board, Base Salary. The Executive’s Base Salary may not be increased at any time or from time to timereduced.

Appears in 3 contracts

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

Base Salary. The During the Term, Executive shall receive a an aggregate annual base salary (“Base Salary”) at the annual an initial rate of One Hundred Eighty Thousand ($180,000) Dollars (the "Base Salary") during the Term of Employment750,000, with such Base Salary payable in installments consistent accordance with the Company's normal ’s applicable payroll schedule, subject to applicable withholding and other taxespractices. The Base Salary shall be reviewed, at least annually, for merit increases reviewed annually by the Board and may, by action and increased (but not decreased) in the discretion of Board’s sole discretion. References in this Agreement to Base Salary shall be deemed to refer to the Board, be increased at any time or from time to timemost 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. The Executive shall receive a base salary payable to the Executive during the Term shall be at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars 150,000 per year, 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") during ). On at least an annual basis, the Term of Employment, with such Board shall review the Executive's performance and may make increases to the Base Salary payable if, in installments consistent with its discretion, any such increase is warranted. Such recommended increase shall require approval by 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 discretion of the Board, be increased at any time Board or from time to timea 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. The Executive shall receive a base salary at the annual rate of One Hundred Eighty Thousand $475,000 ($180,000) Dollars (as increased from time to time, the "Base Salary") during the Term of Employmentthis Agreement, with such Base Salary payable in installments consistent with the Company's ’s normal payroll schedule, subject to applicable withholding and other taxes. 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 at any time or from time to timeincreased. 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. The Executive shall receive a base salary at the annual rate of One Five Hundred Eighty Fifty Thousand Dollars ($180,000550,000) Dollars per annum for the duration of the Term (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 which Base Salary shall be reviewed, at least annually, for merit increases paid in equal semi-monthly installments in arrears. The Compensation Committee may review from time to time the Base Salary payable to Executive hereunder and may, by action in its sole discretion, increase Executive's Base Salary. Any such increased Base Salary shall be and in become the discretion "Base Salary" for purposes of the Board, be increased at any time or from time to timethis Agreement.

Appears in 2 contracts

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

Base Salary. The Executive shall receive a be paid an annual base salary at the annual rate of One Hundred Eighty Thousand dollars ($180,000) Dollars (the "Base Salary"180,000.00) 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 taxesOriginal Term. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and Corporation's Chief Executive Officer may increase the Executive's annual base salary effective as of any anniversary date of this Agreement in such amounts as the discretion of the Board, be increased at any time or from time to time.Chief Executive Officer deems appropriate in his sole discretion. (B)

Appears in 2 contracts

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

Base Salary. The Executive shall will receive a base salary at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars 150,000 annually (the "Base Salary") during the Term of Employment”), with such Base Salary payable in installments equal increments not less often than monthly in arrears and in any event consistent with the Company's normal ’s payroll schedulepolicy and practices. In addition, subject to applicable withholding and other taxes. The the Base Salary shall of the Executive may from time to time be reviewedincreased, at least annually, for merit increases and maybut not decreased, by action and in the discretion of the Board, be increased at any time or from time to timein its absolute discretion.

Appears in 2 contracts

Samples: Employment Agreement (AMP Holding Inc.), Employment Agreement (AMP Holding Inc.)

Base Salary. The Executive shall receive a base salary at the annual rate of One Hundred Eighty Thousand equal to one hundred and fifteen thousand dollars ($180,000115,000) Dollars per annum (the "Base Salary") during the Term of Employment), with such which Base Salary payable shall be paid in installments consistent accordance with the Company's normal generally applicable payroll schedule, subject to applicable withholding practices and procedures (or in such other taxesmanner as the Executive and the Company may otherwise agree). The Base Salary shall be reviewedreviewed for adjustment by the Board annually (commencing on or about January 1, at least annually2002, for merit increases and may, by action and in on or about each January 1 thereafter during the discretion of the Board, be increased at any time or from time to timeEmployment Period).

Appears in 2 contracts

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

Base Salary. The Executive shall receive a base salary at the annual annualized rate of One Hundred Eighty Thousand ($180,000) Dollars 530,000 (the "Base Salary") during the Term of Employment”), with such Base Salary payable paid in equal bi-monthly installments consistent in accordance with the Company's normal ’s regularly established payroll schedule, subject to applicable withholding and other taxesprocedure. The Such Base Salary shall be reviewed, at least annually, for merit increases and may, reviewed by action and the compensation committee of the Board and/or the full Board in the discretion first quarter of each fiscal year; any adjustment to the Executive’s Base Salary shall be retroactively effective as of the Board, be increased at any time or from time to timefirst day of such fiscal year.

Appears in 2 contracts

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

Base Salary. The Executive shall receive a an annual base salary at the annual rate of One Four Hundred Eighty Ten Thousand Dollars ($180,000) Dollars 410,000), effective as of the commencement of employment (the "Base Salary") ”), plus any salary increases authorized during the Term of EmploymentAgreement Term, with such Base Salary if any, payable in installments consistent accordance with the Company's normal ’s 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 discretion of the Board, be increased at any time or from time to timecycle.

Appears in 2 contracts

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

Base Salary. The During the Term, the Executive shall receive a base salary at the annual a rate of One Hundred Eighty Thousand two-hundred seventy-five thousand dollars ($180,000275,000.00) Dollars (per annum, which base salary shall be payable in accordance with the "Base Salary") during payroll practices of the Term of EmploymentCompany, with such Base Salary payable increases as may be determined by the Board from time to time 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 its sole discretion of the Board, be (as increased at any time or from time to time, the “Base Salary”).

Appears in 2 contracts

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

Base Salary. The Executive shall receive a base salary Base Salary at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars (the "Base Salary") 90,000 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 discretion increased upon completion of the Board, be increased at any time or from time to time.certain milestones:

Appears in 2 contracts

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

Base Salary. The Executive shall receive a an annual base salary at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars (the "Base Salary") during of $290,000 commencing as of the Term of EmploymentEffective Date. The Board, with such in its discretion, may review the Base Salary payable periodically and adjust the Base Salary in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxesits sole discretion based on relevant circumstances. The Base Salary shall be reviewed, at least annually, for merit increases and may, payable by action and the Company to Executive in equal installments on the discretion dates payments of salary are regularly made by the Board, be increased at any time or from time Company to timeits executive employees subject to all required tax withholdings.

Appears in 2 contracts

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

Base Salary. The During the Term, the Executive shall 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 One Hundred Eighty Thousand ($180,000) 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 applicable withholding and other taxes1,000,000. The Base Salary shall be reviewedreviewed from time to time in accordance with Employer’s policies and practices, at least annuallybut no less frequently than once annually and may be increased, for merit increases and maybut not decreased from its then current level, by action and in the discretion of the Board, be increased at any time or and from time to timetime by action of the Compensation Committee and Board.

Appears in 2 contracts

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

Base Salary. The Executive shall will receive a from the Employer an annual base salary at the annual rate of One Six Hundred Eighty Thousand dollars ($180,000600,000) Dollars (the "Base Salary") during ”), payable in accordance with the Term standard practice of Employment, with such the Employer in the payment of salaries of its employees but no less frequently than monthly. The Board will review the 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 discretion of the Board, be increased at any time or 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. The Executive shall will receive a from the Employer an annual base salary at the annual rate of One Hundred Eighty Thousand four hundred and fifty thousand Dollars ($180,000450,000) Dollars (the "Base Salary") during ”), payable in accordance with the Term standard practice of Employment, with such the Employer in the payment of salaries of its employees but no less frequently than monthly. The Board will review the 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 discretion of the Board, be increased at any time or 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. The Executive shall receive a base salary at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars consistent with existing salary (the "Base SalaryBASE 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 discretion of the Board, be increased at any time or from time to time.

Appears in 2 contracts

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

Base Salary. The Executive shall receive a base salary at the annual rate (prorated for any applicable period of One Hundred Eighty Thousand (less than one year) of $180,000) Dollars 175,000 (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 applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the discretion of the Board, be increased (but not decreased) at any time or from time to time.

Appears in 2 contracts

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

Base Salary. The Executive shall receive a base salary Base Salary at the an annual rate of One Hundred Eighty Thousand two hundred sixty thousand and one dollar ($180,000) Dollars (the "Base Salary") during the Term of Employment260,001.00), with such Base Salary payable semi-monthly in equal installments consistent in accordance with the Company's ’s normal payroll schedule, subject to applicable withholding and other taxespractices. The Chief Executive Officer shall provide Executive with annual performance reviews, and, thereafter, Executive shall be entitled to such increase in Base Salary shall be reviewed, at least annually, for merit increases as the Chief Executive Officer and may, by action and in the discretion Board of the Board, be increased at any time or Directors may from time to timetime establish in their sole discretion.

Appears in 2 contracts

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

Base Salary. 5.1. The Executive shall receive a base salary at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars (the "Base Salary") during the Term of Employment, with such Base Salary which amounts to EUR 620,823.64 gross per year, payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes12 equal installments. The Base Salary shall may be reviewed, but not necessarily increased, at least annually, for merit increases and may, by action and in the discretion of the Board, be increased at any time or Company from time to time.

Appears in 2 contracts

Samples: Employment Agreement, Tech Data Corp

Base Salary. The Executive shall receive a be paid an annual base salary at the annual rate (a “Base Salary”) of One Hundred Eighty Thousand one hundred and seventy five thousand per annum ($180,000) Dollars (the "Base Salary") during the Term of Employment175,000), with such Base Salary payable in installments consistent accordance with the Company's Employer’s normal payroll schedule, practices and subject to applicable withholding 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 payroll taxes and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases withholdings and may, assessments as required by action and in the discretion of the Board, be increased at any time or from time to timelaw.

Appears in 2 contracts

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

Base Salary. The (a) Executive shall receive a an initial annual base salary at the annual rate of One Hundred Eighty Thousand two hundred and twenty thousand dollars ($180,000) Dollars US$220,000.00), payable bi-monthly in arrears (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, and subject to all applicable withholding and other taxesrequirements. The Base Salary shall be reviewed, at least annually, reviewed by the Board annually for merit increases and may, by action and in the discretion of the Board, be increased at any time or from time to timeadequacy.

Appears in 2 contracts

Samples: Employment Agreement (Mam Software Group, Inc.), Employment Agreement (Aftersoft Group)

Base Salary. The Executive shall receive a base salary at the annual annualized rate of One Hundred Eighty Thousand ($180,000) Dollars 350,000 (the "Base Salary") during the Term of Employment”), with such Base Salary payable paid in equal bi-monthly installments consistent in accordance with the Company's normal ’s regularly established payroll schedule, subject to applicable withholding and other taxesprocedure. The Such Base Salary shall be reviewed, at least annually, for merit increases reviewed by the Company’s compensation committee and may, by action and the Board in the discretion first quarter of each fiscal year; any adjustment to the Executive’s Base Salary shall be retroactively effective as of the Board, be increased at any time or from time to timefirst day of such fiscal year.

Appears in 2 contracts

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

Base Salary. The Executive shall receive a base salary at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars (the "Base Salary") during the Term of Employment, with such Base Salary 190,000. The base salary shall be payable in substantially equal installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary salary may be increased during the Employment Term but may not be decreased and the Board shall be reviewedconsider, at least annuallyon an annual basis, for merit increases the nature, extent and mayadvisability, by action and if any, of an increase in the discretion of the Board, be increased at any time or from time to timeExecutive's base salary.

Appears in 2 contracts

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

Base Salary. The Executive shall receive a base salary at the annual rate of One Hundred Eighty Forty-two Thousand Five Hundred Dollars ($180,000142,500) Dollars (the "Base Salary") during the Term term of Employmentthis Agreement, 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 also shall be reviewed, at least annually, for merit and cost of living adjustment increases and may, by action and in the discretion of the Board, be increased at any time or from time to time.

Appears in 2 contracts

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

Base Salary. The Executive shall receive a base salary Base Salary at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars (the "Base Salary") 275,000 during the Term of Employment, with such Base Salary payable in installments consistent with the Company's ’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 discretion of the Compensation Committee of the Board, be increased at any time or from time to time, but may not be decreased from the then current Base Salary.

Appears in 2 contracts

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

Base Salary. The 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 Eighty Thousand Dollars ($180,0001,100,000.00) Dollars (for services rendered to the "Base Salary") during the Term Company or any of Employmentits direct or indirect subsidiaries, with such Base Salary payable in installments consistent accordance with the Company's normal ’s regular payroll schedule, subject to applicable withholding and other taxespractices (but no less frequently than monthly). The Executive’s Base Salary shall will be reviewed, at least annually, for merit increases reviewed annually by the Compensation Committee of the Board and may, by action and may be adjusted in the discretion of the Board, be increased at any time or from time to timeCompensation Committee’s discretion.

Appears in 2 contracts

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

Base Salary. The Executive shall receive a base salary at the ----------- annual rate of One Hundred Eighty Thousand ($180,000) Dollars 175,000.00 (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 discretion of the Board, be increased at any time or adjustment from time to timetime by the Employer. The compensation provided for in this Section shall be in addition to any bonuses or other additional compensation specified in this Agreement or provided at the option of the 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. The Executive shall receive initially be paid a base salary at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars (the "Base Salary") during the Term of EmploymentOne Hundred Twenty Thousand Dollars ($120,000) per year, 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 which shall be reviewed, at least annually, for merit increases periodically reviewed and may, increased by action and in the discretion of the Board, in its sole discretion, during the Employment Term. All compensation shall be increased at any time or from time to timemade in accordance with the standard payroll practices of the Company.

Appears in 2 contracts

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

Base Salary. The Executive shall receive a base salary at the annual rate of One Hundred Eighty Thousand equal to one hundred and five thousand dollars ($180,000105,000) Dollars per annum (the "Base Salary") during the Term of Employment), with such which Base Salary payable shall be paid in installments consistent accordance with the Company's normal generally applicable payroll schedule, subject to applicable withholding practices and procedures (or in such other taxesmanner as the Executive and the Company may otherwise agree). The Base Salary shall be reviewedreviewed for adjustment by the Board annually (commencing on or about January 1, at least annually2002, for merit increases and may, by action and in on or about each January 1 thereafter during the discretion of the Board, be increased at any time or from time to timeEmployment Period).

Appears in 2 contracts

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

Base Salary. The Executive shall receive a base salary commencing on the Effective Date and during his employment hereunder of $300,000 per annum (the “Base Salary”), which amount may be increased (but not decreased) annually at the annual rate discretion of One Hundred Eighty Thousand ($180,000) Dollars the Compensation Committee of the Board (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“Committee”). The Base Salary shall be reviewed, at least annually, for merit increases and may, paid to Executive by action and the Company in accordance with the discretion of the Board, be increased at any time or 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. The Executive shall receive a base salary at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars (the "Base Salary") during the Term of Employment, with such Base Salary of $1,100,000 per annum payable in installments consistent accordance with the Company's normal customary payroll schedule, subject to applicable withholding and other taxespractices for the payment of executive salaries. The Executive's Base Salary shall be reviewedreviewed and may be increased, at least annuallybut not decreased, annually by the Compensation Committee pursuant to its normal performance review policies for merit increases and maysenior executives, by action and with the first such review occurring in the discretion of the Board, be increased at any time or from time to time2003.

Appears in 2 contracts

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

Base Salary. The Executive shall will receive a base salary at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars 110,000 annually (the "Base Salary") during the Term of Employment”), with such Base Salary payable in installments consistent accordance with the Company's ’s normal payroll schedule, practices and subject to applicable withholding taxes and other taxeswithholding. The Executive’s Base Salary shall may from time to time be reviewedincreased, at least annually, for merit increases and maybut not decreased, by action and in the discretion of the Board, be increased . The Executive may at any time or from time elect to timetake 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. The Executive shall receive a base salary at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars 300,000 (the "Base Salary") during the Term term of Employmentthis Agreement, 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 reasonable discretion of the Board, be increased at any time or from time to time, 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 Executive.

Appears in 2 contracts

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

Base Salary. The Executive shall receive a base salary from the Company at the annual rate of One Four Hundred Eighty and Seventy-Five Thousand Dollars ($180,000475,000) Dollars per year (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 Executive’s Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the discretion of the Board, be increased at any time or reviewed from time to timetime in accordance with the Company’s established procedures for adjusting salaries for similarly situated employees and may be adjusted in the Company’s discretion.

Appears in 2 contracts

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

Base Salary. The Executive shall receive a base salary commencing on the Effective Date and during his employment hereunder of $235,000 per annum (the “Base Salary”), which amount may be increase annually at the annual rate discretion of One Hundred Eighty Thousand ($180,000) Dollars the Compensation Committee of the Board (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“Committee”). The Base Salary shall be reviewed, at least annually, for merit increases and may, paid to Executive by action and the Company in accordance with the discretion of the Board, be increased at any time or 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. The During the Term, Executive shall receive a an aggregate annual base salary (“Base Salary”) at the annual an initial rate of One Hundred Eighty Thousand ($180,000) Dollars (the "Base Salary") during the Term of Employment551,250.00, with such Base Salary payable in installments consistent accordance with the Company's normal ’s applicable payroll schedule, subject to applicable withholding and other taxespractices. The Base Salary shall be reviewed, at least annually, for merit increases reviewed annually by the Board and may, by action and increased (but not decreased) in the discretion of Board’s sole discretion. References in this Agreement to Base Salary shall be deemed to refer to the Board, be increased at any time or from time to timemost recently effective annual base salary rate.

Appears in 2 contracts

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

Base Salary. The Executive shall receive a base salary at the annual rate of One equal to Two Hundred Eighty Twenty Thousand Dollars ($180,000220,000) Dollars (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 "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, Company and shall be 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 discretion of the Board, be increased at any time or increase from time to timetime by the Company, in its sole discretion.

Appears in 2 contracts

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

Base Salary. The Executive shall receive a base salary at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars (the "Base Salary") during During the Term of Employment, with such Executive will be entitled to receive an annualized base salary (the “Base Salary”) of not less than $750,000. Beginning in 2017, the Compensation Committee of the Board of Directors (the “Compensation Committee”) will review Executive’s Base Salary payable in installments consistent with the Company's normal payroll schedule, subject annually to applicable withholding and other taxesdetermine whether increases are appropriate. The Any such increased amount will thereafter be Executive’s “Base Salary shall be reviewed, at least annually, Salary” for merit increases and may, by action and in the discretion of the Board, be increased at any time or from time to timepurposes under this Agreement.

Appears in 2 contracts

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

Base Salary. The Executive shall receive a base salary Base Salary at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars (the "Base Salary") 425,000 during the Term of Employment, with such Base Salary payable in installments consistent with the Company's ’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 discretion of the Board, be increased at any time or from time to time, but may not be decreased from the then current Base Salary.

Appears in 2 contracts

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

Base Salary. The Executive shall receive a base salary at the annual rate (prorated for any applicable period of One Hundred Eighty Thousand (less than one year) of $180,000) Dollars 100,000 (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 applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the discretion of the Board, be increased (but not decreased) at any time or from time to time.

Appears in 2 contracts

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

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Base Salary. The Executive shall receive a an initial base salary at the annual rate of One Hundred Eighty Twenty Thousand Dollars ($180,000120,000) 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 applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the discretion of the Board, be increased at any time or from time to time.

Appears in 2 contracts

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

Base Salary. The Executive shall receive a base salary at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars 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 2 contracts

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

Base Salary. The Executive shall be entitled to receive a base salary from the Company at the annual rate of One Million One Hundred Eighty Thousand Dollars ($180,0001,100,000.00) Dollars per year. The Executive’s base salary shall be reviewed annually on or about the same time that the compensation arrangements (including the Annual Bonus for the immediately prior year) for the Company’s management team are determined by the Compensation Committee of the Board (the "Base Salary") during “Committee”), which shall consider appropriate factors, including, without limitation, the Term of Employment, with such Base Salary payable in installments consistent with Executive’s performance and 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 discretion of the Board, be increased at any time or from time to time’s financial condition.

Appears in 2 contracts

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

Base Salary. The During the Employment Period, the Executive shall be entitled to receive a base an annual salary at the annual rate of equal to One Hundred Eighty Thousand Million Dollars ($180,0001,000,000) 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 applicable withholding and other taxes”). The Base Salary shall be reviewed, 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, for merit increases annually and may, by action may increase Base Salary in its sole discretion. The increased Base Salary shall thereafter be considered the Base Salary and in the discretion of the Board, may not be increased at any time or from time to timedecreased once increased.

Appears in 2 contracts

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

Base Salary. The Executive shall receive a base salary at the annual rate of One Two Hundred Eighty Fifty Thousand Dollars ($180,000250,000) Dollars (the "Base Salary") during the Term of Employmentthis Agreement, 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 discretion of the Board, be increased at any time or from time to time."

Appears in 2 contracts

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

Base Salary. The During the Term of this Agreement, Executive shall receive a base salary at the annual a gross rate of One Hundred Eighty Sixty Thousand Dollars ($180,000160,000) Dollars per annum (the "Base Salary") during the Term of Employment”), with such Base Salary payable in substantially equal installments consistent in accordance with the Company's ’s normal payroll schedulepractices for payment of its employees, subject as in effect from time to applicable withholding and other taxestime. The Executive’s Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the discretion of the Board, be increased at any time or 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. The During the Term, the Executive shall receive a base salary at the annual an annualized rate of One Hundred Eighty Thousand $1,400,000 ($180,000) Dollars (such annualized amount, the "Base Salary") during the Term of Employment”), with such Base Salary payable in installments consistent accordance with the Company's normal ’s regular payroll schedulepractice for its senior executives, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and as in the discretion of the Board, be increased at any time or 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. The During the Term of Employment, the Executive shall receive a base salary at the annual rate of One Hundred Eighty Thousand no less than $175,000.00 per annum ($180,000) 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 applicable withholding and other taxesequal semi-monthly installments. The Such Base Salary shall be reviewed, at least annually, reviewed annually for merit increases and may, by action and increase in the sole discretion of the Board, Board or the Compensation Committee thereof. Any such salary increase shall then be increased at any time or from time to timethe “Base Salary” for purposes of this Agreement.

Appears in 2 contracts

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

Base Salary. The Executive shall receive a base salary at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars (the "Base Salary"" at the rate of Eighty Thousand Dollars ($80,000) during the Term of Employmentper annum, with such Base Salary payable in periodic installments consistent in accordance with the Company's normal regular 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 discretion practices of the Board, be increased at any time or from time to timeEmployer.

Appears in 2 contracts

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

Base Salary. The Executive shall receive a Executive’s base salary at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars (the "Base Salary") during the Term shall be at the rate of Employmentone million dollars ($1,000,000) per annum, with such Base Salary payable in installments consistent accordance with the Company's normal payroll schedule, subject to applicable withholding practices and other taxesno less frequently than on a monthly basis. The amount of Executive’s Base Salary shall be reviewed, at least annually, for merit increases reviewed annually and may, by action and in at the discretion of the Board, be adjusted (but never below the then Base Salary). Any such increased at any time or from time to timeamount shall constitute Base Salary hereunder.

Appears in 2 contracts

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

Base Salary. The Executive shall receive a base salary at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars 190,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments 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. The Executive shall receive a base salary at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars 300,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments 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. The Executive shall receive a Executive’s base salary shall be at the an annual rate of One Hundred Eighty Thousand one hundred fifty thousand dollars ($180,000) Dollars (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule150,000), subject to applicable withholding normal withholding. Such salary shall be paid in substantially equal installments on the 15th and other taxeslast day of each month. The Base Salary Executive’s base salary and incentive bonus shall be reviewedreviewed annually starting the earlier of within 60 days from the NASDAQ up-listing date or December 31, at least annually, for merit increases and may, by action and in the discretion of the Board, be increased at any time or from time to time2018.

Appears in 2 contracts

Samples: Employment Agreement (World Technology Corp.), Employment Agreement (World Technology Corp.)

Base Salary. The Executive shall receive a base salary at commencing on the annual rate Effective Date and during his employment hereunder of One Hundred Eighty Thousand ($180,000) Dollars 185,000 per annum (the "Base Salary") during ), which amount may be increase annually at the Term discretion of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxesCompensation Committee of the Board (the "Committee"). The Base Salary shall be reviewed, at least annually, for merit increases and may, paid to Executive by action and the Company in accordance with the discretion of the Board, be increased at any time or 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. The Executive shall will receive a base salary at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars 601,000 annually (the "Base Salary") during the Term of Employment”), with such Base Salary payable in installments consistent equal increments in accordance with the Company's ’s normal payroll schedulepractice. In addition, subject to applicable withholding and other taxes. The the Executive’s Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the discretion of the Board, be increased at any time or may from time to timetime 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. The Executive shall receive a base salary at the an annual rate of One Hundred Eighty Thousand ($180,000) Dollars 500,000 (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 applicable withholding and other taxes). The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and payable in the discretion of the Board, be increased at any time or accordance with normal payroll practices 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. The Executive shall receive a base salary at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars (the "Base Salary") during the Term of Employment, with such Base Salary $800,000 per annum payable in installments consistent accordance with the Company's normal customary payroll schedule, subject to applicable withholding and other taxespractices for the payment of executive salaries. The Executive's Base Salary shall be reviewedreviewed and may be increased, at least annuallybut not decreased, annually by the Compensation Committee pursuant to its normal performance review policies for merit increases and maysenior executives, by action and with the first such review occurring in the discretion of the Board, be increased at any time or from time to time2003.

Appears in 2 contracts

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

Base Salary. The Executive shall receive a base salary Base Salary at the annual rate of One Three Hundred Eighty Twenty-five Thousand Dollars ($180,000) Dollars (the "Base Salary"325,000) 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 discretion of the Board, be increased at any time or from time to time, but may not be decreased from the then current Base Salary.

Appears in 2 contracts

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

Base Salary. The Executive shall receive a an annual base salary at the annual rate of One Hundred Eighty Fifty Thousand ($180,000) US Dollars (the "Base Salary") during the Term of EmploymentUS$150,000.00), with such Base Salary payable in installments consistent accordance with the Company's normal ’s then-existing payroll schedule, policies (the “Base Salary”) and subject to all applicable withholding and other taxesrequirements. The Base Salary shall be reviewed, at least annually, reviewed by the Board and its Compensation Committee annually for merit increases and may, by action and in the discretion of the Board, be increased at any time or from time to timeadequacy.

Appears in 2 contracts

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

Base Salary. The Executive shall receive a base salary (“Base Salary”) at the annual initial rate of One Two Hundred Eighty Twenty-Five Thousand Dollars ($180,000225,000) 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 applicable withholding and other taxesper year. The Executive’s Base Salary shall be reviewed, at least annually, for merit subject to discretionary increases and may, (but not decreases) based on an annual review by action and the Company’s Board of Directors or its Compensation Committee. Executive’s Base Salary shall be paid in accordance with the discretion standard payroll practices of the Board, be increased at any time or Company in effect from time to time.

Appears in 2 contracts

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

Base Salary. The Executive shall receive a base salary at the annual rate of One Hundred Eighty Thousand $1,000,000 per year. Such base salary shall be subject to periodic increase ($180,000but no decrease) Dollars from time to time as determined by the Beacon Board in its sole discretion (the "as may be increased from time to time, “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, payable in such manner and at least annually, for merit increases and may, by action and in such times as the discretion of the Board, be increased at any time or from time Company shall pay base salary to timeother 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. The During the Term of Employment, Executive shall receive a base salary at the annual rate of One Hundred Eighty Twenty Thousand Dollars ($180,000120,000) Dollars per year (the "Base Salary") during ”), or such increased salary as may from time to time be approved by the Term of Employment, with such Board. Executive’s Base Salary payable shall be paid in installments consistent accordance with the Company's normal Companies’ regular payroll schedule, subject to applicable withholding and other taxespractices. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in divided between the discretion of Companies as the Board, be increased at any time or from time to timeBoard may determine.

Appears in 2 contracts

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

Base Salary. The Executive shall receive a base salary Base Salary at the annual rate of Two Hundred One Hundred Eighty Thousand Dollars ($180,000201,000) Dollars (the "Base Salary") during the Term of Employment, with such Base Salary per annum which shall be payable in semi-monthly installments consistent in conformity with the Company's normal payroll schedule, subject policy relating to applicable withholding and other taxesits employees generally as in effect from time to time. The Executive's Base Salary shall be reviewed, at least annually, for merit increases reviewed periodically by the Board and may, may be increased by action and in the discretion of the BoardBoard upon such review, but Executive's salary shall not be increased at any time or from time to timedecreased except as provided in Sections 4 and 5.

Appears in 2 contracts

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

Base Salary. The Employer will pay Executive shall receive a base salary at in the annual rate amount of One Hundred Eighty Thousand $1,000,000 per year ($180,000) Dollars (the "Base Salary") during the Term of Employment), with annual review for increase by the Board or a duly authorized committee thereof, it being understood that any such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary increase shall be reviewed, at least annually, for merit increases and may, by action and in the discretion of the BoardBoard or a duly authorized committee thereof, which amount will be increased at any time or from time to timepaid in semi-monthly intervals, less appropriate withholdings for federal and state taxes and other deductions authorized by Executive.

Appears in 2 contracts

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

Base Salary. The Executive shall receive a base salary Base Salary at the annual rate of One Two Hundred Eighty Thousand Dollars ($180,000) Dollars (the "Base Salary"200,000.00) 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 discretion of the Board, be increased at any time or from time to time, but may not be decreased from the then current Base Salary.

Appears in 1 contract

Samples: Employment Agreement (Insmed Inc)

Base Salary. The Executive shall receive a base salary at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars 190,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's ’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. The Executive shall receive a base salary at the annual rate (prorated for any applicable period of One Hundred Eighty Thousand (less than one year) of $180,000) Dollars 200,000 (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 applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the discretion of the Board, be increased (but not decreased) at any time or from time to time.

Appears in 1 contract

Samples: Employment Agreement (Netcreations Inc)

Base Salary. The Employer shall pay to Executive shall receive a base salary at the annual a rate of One Hundred Eighty Thousand Dollars ($180,000) Dollars (the "Base Salary") during the Term of Employmentper annum to be paid in equal monthly installments, with or in such Base Salary payable in other periodic installments consistent with the Company's normal payroll schedule, subject to applicable withholding upon which Employer and other taxesExecutive shall mutually agree. The Base Salary shall be reviewed, On at least annuallyan annual basis, for merit increases the Compensation Committee of the Board shall review Executive’s base salary and may, by action and may increase but not decrease Executive’s base salary in the discretion of the Board, be increased at any time or from time to timecommittee’s discretion.

Appears in 1 contract

Samples: Employment Agreement (Action Performance Companies Inc)

Base Salary. The Executive shall receive a base salary at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars 128,450 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's ’s normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annuallyperiodically, for merit increases and may, by action and in the discretion of the BoardCompensation Committee of the Board of Directors (“the Compensation Committee”), be increased at any time or from time to time.

Appears in 1 contract

Samples: Employment Agreement (Devcon International Corp)

Base Salary. The Executive shall receive a base salary an aggregate annual “Base Salary” at the annual rate of One Hundred Eighty and Twenty-five Thousand Dollars ($180,000125,000.00) Dollars (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent in accordance with the Company's normal regular payroll schedule, subject to applicable withholding and other taxesschedule of Employer. The Such Base Salary shall be reviewed, at least subject to review annually, for merit increases with the first such review to occur in December 2007 (with any increase to be effective in 2008) and may, by action such Base Salary shall be adjusted during the term hereof in accordance with Employer’s established management compensation policies and in plans (as the discretion of the Board, same may be increased at any time or modified from time to time).

Appears in 1 contract

Samples: Employment Agreement (First Federal Bancshares Inc /De)

Base Salary. The Executive shall receive a base salary at the an annual rate of One Hundred Eighty Thousand ($180,000) Dollars (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule240,000, subject to applicable withholding and other taxesannual review at the discretion of the Board (the “Base Salary”). The Base Salary shall be reviewedpayable in semi-monthly installments in accordance with the Company’s normal payroll procedures, at least annuallyand shall be reduced by payroll taxes and withholding required by federal, for merit increases state or local law and may, by action and any additional withholding to which the Executive agrees in the discretion of the Board, be increased at any time or from time to timewriting.

Appears in 1 contract

Samples: Release Agreement (Placer Sierra Bancshares)

Base Salary. The Executive shall receive a Executive’s annual base salary at the annual rate of One Hundred Eighty Thousand ($180,000) 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 applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the discretion of the Board, $1,100,000 (as may be increased at any time or from time to time, 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 1 contract

Samples: Employment Agreement (Tropicana Entertainment Inc.)

Base Salary. The Executive shall receive a base salary at the annual rate of One Seven Hundred Eighty Thirty-five Thousand Dollars ($180,000735,000) Dollars per annum for the duration of the Term (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 which Base Salary shall be reviewed, at least annually, for merit increases paid in equal semi-monthly installments in arrears. The Compensation Committee shall review annually the Base Salary payable to Executive hereunder and may, by action in its sole discretion, increase (but not decrease) Executive’s Base Salary. Any such increased Base Salary shall be and in become the discretion “Base Salary” for purposes of the Board, be increased at any time or from time to timethis Agreement.

Appears in 1 contract

Samples: Employment Agreement (Spectrum Brands Holdings, Inc.)

Base Salary. The Executive shall receive a base salary at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars 350,000 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's ’s normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, adjusted for annual merit increases of a minimum of 5% and may, by action and in the discretion of the Board, be increased at any time or from time to time, but may not be decreased.

Appears in 1 contract

Samples: Employment Agreement (Loop Media, Inc.)

Base Salary. The Executive shall receive earn a base salary Base Salary at the annual rate of One Hundred Eighty Thousand $144,000 ($180,000) Dollars (the "Base Salary"12,000 per month) 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 at the discretion of the Board, be increased at any time or from time to time, but may not be decreased from the then current Base Salary.

Appears in 1 contract

Samples: Employment  agreement (Sunvesta, Inc.)

Base Salary. The Executive shall receive a base salary Base Salary at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars (the "Base Salary") 340,000.00 during the Term of Employment, with such Base Salary payable in installments consistent with the Company's ’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 discretion of the BoardBoard (or its Compensation Committee), be increased at any time or from time to time, but may not be decreased from the then current Base Salary.

Appears in 1 contract

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

Base Salary. The Executive shall receive a base salary (“Base Salary”) at the annual initial rate of One Three Hundred Eighty Seventy-Five Thousand Dollars ($180,000375,000) 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 applicable withholding and other taxesper year. The Executive’s Base Salary shall be reviewed, at least annually, for merit subject to discretionary increases and may, (but not decreases) based on an annual review by action and the Company’s Board of Directors or its Compensation Committee. Executive’s Base Salary shall be paid in accordance with the discretion standard payroll practices of the Board, be increased at any time or Company in effect from time to time.

Appears in 1 contract

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

Base Salary. The Executive shall receive a base salary at the annual rate of One equal to an amount no less than Three Hundred Eighty Seventy-Five Thousand dollars ($180,000375,000) Dollars per annum effective January 1, 2004 for the duration of the Term (the "Base Salary") during ”), which Base salary shall be paid in equal semi-monthly installments. The Board will review from time to time the Term of Employment, with such Base Salary payable in installments consistent with to 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 Executive hereunder and may, by action and in its discretion, increase the discretion of the Board, be increased at any time or from time to timeExecutive’s Base Salary.

Appears in 1 contract

Samples: Employment Agreement (Rayovac Corp)

Base Salary. The During the Term the Executive shall receive a base salary at the annual a rate of One Hundred Eighty Thousand ($180,000) Dollars (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule194,000.00 per annum, subject to increase as determined by the Compensation Committee and subject to reduction only in connection with an across the board reduction applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the discretion to senior management of the Board, be increased at any time or from time to timeCompany generally.

Appears in 1 contract

Samples: Employment Agreement (International Technology Corp)

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