Common use of Base Salary Clause in Contracts

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.

Appears in 3 contracts

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

AutoNDA by SimpleDocs

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base to Employee a salary at the rate of Two Hundred and Eighty-five Thousand Dollars ($285,000200,000) per year, as adjusted as permitted in this subsection (the "Base Salary"). The Base Salary shall be paid in accordance with the Company’s regularly established 's standard bi-weekly payroll practicepractices. Executive’s The Base Salary will be reviewed and adjusted from time to time in accordance with the established Company's procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companysenior executives.

Appears in 3 contracts

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

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base salary of Two Three Hundred and Eighty-five Thousand Dollars ($285,000300,000) (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.

Appears in 2 contracts

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

Base Salary. In consideration of During the Term, for all services to be rendered under this Agreement, the Company Executive shall pay Executive receive an aggregate annual base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“Base Salary”). The Base Salary shall be paid ) at an initial rate of $500,000, payable in accordance with the Company’s regularly established applicable payroll practicepractices. Executive’s Base Salary will shall be reviewed from time subject to time review by the Board for increases, but not decrease, in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the its sole discretion of and references in this Agreement to “Base Salary” shall be deemed to refer to the Companymost recently effective annual base salary rate.

Appears in 2 contracts

Samples: Employment Agreement (Readers Digest Association Inc), Employment Agreement (Direct Holdings Libraries Inc.)

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base a salary at the rate of Two Three Hundred and Eighty-five Eighty Five Thousand Dollars ($285,000385,000) per year (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary for the second year of the Term will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company, as directed by the Board of Directors of the Company.

Appears in 2 contracts

Samples: Ceo Employment Agreement (BBCN Bancorp Inc), Ceo Employment Agreement (BBCN Bancorp Inc)

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base a salary of Two One Hundred and Eighty-five Eighty Thousand Dollars ($285,000180,000) per year (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.

Appears in 2 contracts

Samples: Executive Employment Agreement (Vitality Biopharma, Inc.), Executive Employment Agreement (Vitality Biopharma, Inc.)

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base a salary at the rate of Two Three Hundred and Eighty-five Thousand Dollars ($285,000300,000) per year (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the CompanyBoard or the compensation committee thereof.

Appears in 2 contracts

Samples: Executive Employment Agreement (Ultragenyx Pharmaceutical Inc.), Executive Employment Agreement (Ultragenyx Pharmaceutical Inc.)

Base Salary. In consideration During the term of the services to be rendered under this Agreement, the Company shall pay the Executive an annual base a salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“the "Base Salary”)") of $160,000 per annum, prorated for partial years of employment. The Base Salary shall be paid payable twice monthly in accordance with the Company’s regularly established general payroll practice. Executive’s Base Salary will be reviewed practices of the Company in effect from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companytime.

Appears in 2 contracts

Samples: Employment Agreement (Market Hub Partners Storage Lp), Employment Agreement (Market Hub Partners Storage Lp)

Base Salary. In consideration of For services rendered by the services to be rendered Executive under this AgreementAgreement during the Employment Period, the Company shall pay to the Executive an annual base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“Base Salary”), evenly paid twice a month or on such other schedule as salaried employees of the Company are generally and regularly compensated. The Effective as of January 1, 2023, through the term of this Agreement, the Base Salary shall be paid in accordance with at the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures rate of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companyno less than $650,000 per year.

Appears in 2 contracts

Samples: Employment Agreement (AGNC Investment Corp.), Employment Agreement (AGNC Investment Corp.)

Base Salary. In consideration of The Company shall pay the Executive, and the Executive shall accept, as full compensation for all services to be rendered under this Agreementhereunder, a basic salary (the "Base Salary") and the other compensation and benefits provided hereunder. The Executive's Base Salary effective the date his employment commences with the Company shall pay Executive be at an annual base salary rate of Two One Hundred and Eighty-five Twenty Thousand Dollars ($285,000) (“Base Salary”US$120,000). The Base Salary shall be paid , payable in accordance approximately equal installments at such intervals as are consistent with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company 's pay periods for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companysalaried executive employees.

Appears in 2 contracts

Samples: Employment Agreement (Precision Auto Care Inc), Employment Agreement (Precision Auto Care Inc)

Base Salary. In consideration The Company agrees to pay or cause to be paid to the Executive during the term of this Agreement a base salary at the rate of $700,000. This base salary will be subject to annual review and may be increased from time to time by the Board considering factors such as the executive's responsibilities, compensation of similar executives within the company and in other companies, performance of the services executive and other pertinent factors (hereinafter referred to be rendered under this Agreement, as the Company shall pay Executive an annual base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“"Base Salary"). The Such Base Salary shall be paid payable in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time 's customary practices applicable to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companyits executives.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Intimate Brands Inc), Restricted Stock Agreement (Intimate Brands Inc)

Base Salary. In consideration During the term of the services to be rendered under this Agreement, the Company shall pay provide Executive an annual with a base salary of Two Hundred and Eighty-five Thousand Dollars no less than four hundred thousand dollars ($285,000400,000.00) (“Base Salary”). The Base Salary shall be per year, paid in accordance with the Company’s regularly established normal payroll practice. Executive’s policies (“Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the CompanySalary”).

Appears in 2 contracts

Samples: Executive Employment Agreement (GameStop Corp.), Executive Employment Agreement (GameStop Corp.)

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base to Employee a salary at the rate of Two Hundred and EightySeventy-five Five Thousand Dollars ($285,000275,000) per year, as adjusted as permitted in this subsection (the "Base Salary"). The Base Salary shall be paid in accordance with the Company’s regularly established 's standard bi-weekly payroll practicepractices. Executive’s The Base Salary will be reviewed and adjusted from time to time in accordance with the established Company's procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companysenior executives.

Appears in 2 contracts

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

Base Salary. In consideration of for the services to be rendered by Executive under this Agreement, the Company shall pay to Executive a salary at an annual base salary of rate equal to Two Hundred and Eighty-five Thousand Dollars ($285,000) (“Base Salary”200,000). The Base Salary annual salary payable under this Section 4(a) shall be paid in approximately equal installments in accordance with the Company’s regularly established 's customary payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companypractices.

Appears in 2 contracts

Samples: Executive Employment Agreement (Bio Aqua Systems Inc), Executive Employment Agreement (Bio Aqua Systems Inc)

Base Salary. In consideration of As compensation for the services to be rendered under performed by Executive during the continuance of this Agreement, the Company shall pay Executive an annual a base salary of Two Hundred and Eighty-five Thousand Dollars $400,000 per year for each year of his employment hereunder ($285,000) (“the "Base Salary"). The Base Salary shall be paid payable in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures substantially equal bi-weekly installments and reduced on a pro rata basis for any fraction of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companya year or month during which Executive is not so employed.

Appears in 2 contracts

Samples: Employment Agreement (Bell Industries Inc), Employment Agreement (Bell Industries Inc)

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual a monthly base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) 4,000, less all applicable wage deductions (“Base Salary”). The Base Salary shall be paid to Executive in accordance with the Company’s regularly established payroll practice. Executive’s The Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees wages and may be adjusted in the sole discretion of the Company.

Appears in 2 contracts

Samples: Executive Employment Agreement (Chuma Holdings, Inc.), Executive Employment Agreement (Chuma Holdings, Inc.)

Base Salary. In consideration of As compensation in full for the services to be rendered by the Executive under this AgreementAgreement during the Term, the Company shall pay to Executive an annual a base salary of Two Hundred $650,000 for year one, $700,000 during year two and Eighty-five Thousand Dollars $750,000 during year three ($285,000) (“the "Base Salary"). The , which Base Salary shall be paid in accordance with the Company’s regularly established 's normal payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companypolicies.

Appears in 2 contracts

Samples: Employment Agreement (International Game Technology), Employment Agreement (International Game Technology)

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“a "Base Salary”)" in consideration for Executive's services to Company at the rate of $200,000 per annum. The Base Salary shall be paid payable as nearly as possible in accordance with the equal semi-monthly installments or in such other installments as are customary from time to time for Company’s regularly established payroll practice's or Parent's executives. Executive’s The Base Salary will may be reviewed adjusted from time to time in accordance with the procedures established procedures of by Company or Parent for salary adjustments for executives, provided that the Company for adjusting salaries for similarly situated employees and may Base Salary shall not be adjusted in the sole discretion of the Companyreduced.

Appears in 2 contracts

Samples: Employment Agreement (Insight Enterprises Inc), Employment Agreement (Direct Alliance Corp)

Base Salary. In consideration of the services to be rendered under this Agreement, the The Company shall pay Executive as compensation for his services an annual annualized base salary of Two Hundred and Eighty-five Thousand Dollars dollars ($285,000200,000.00) (the “Base Salary”), less applicable deductions and withholdings, payable in periodic installments in accordance with the Company’s regular payroll practices in effect from time to time. The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will reviewed and shall be reviewed subject to increase from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in at the sole discretion of the CompanyBoard.

Appears in 2 contracts

Samples: Employment and Severance Agreement (TigerLogic CORP), Employment and Severance Agreement (TigerLogic CORP)

Base Salary. In consideration During the Term of the services to be rendered under this Agreement, the Company Executive shall pay Executive an annual receive a base salary at a gross rate of Two Hundred and Eighty-five Thousand Dollars ($285,000200,000) per annum (the “Base Salary”). The Base Salary shall be paid , payable in substantially equal installments in accordance with the Company’s regularly established normal payroll practicepractices for payment of its employees, as in effect from time to time. Executive’s Base Salary will shall be reviewed subject to upward adjustment from time to time time, as determined by the Company’s Board of Directors (the “Board”), or a committee thereof, in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may its sole discretion, but shall not be adjusted in the sole discretion of the Companydownward.

Appears in 2 contracts

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

Base Salary. In consideration of the services to be rendered under this Agreement, the The Company shall pay the Executive an annual base salary at a rate of Two Hundred $14,583.33 paid twice monthly (which annualizes to $350,000), less withholdings and Eighty-five Thousand Dollars ($285,000) (“Base Salary”)deductions required and/or permitted by law. The Base Salary Executive’s base salary shall be paid in accordance conformity with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time practices generally applicable to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company’s senior executives.

Appears in 2 contracts

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

Base Salary. (a) In consideration of the all services to be rendered by Executive under this Agreement, the Company shall pay Executive an annual a base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (the “Base Salary”)) at an annual rate of $250,000. The Changes to Executive’s Base Salary shall be paid Salary, if any, may occur from time to time in accordance with the Company’s regularly established payroll practicesole discretion. Such changes to Executive’s Base Salary will be reviewed from time depend upon a number of factors, including but not limited to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of Executive’s performance, the Company’s financial performance, and the general economic environment.

Appears in 2 contracts

Samples: Employment Agreement (Osmotica Pharmaceuticals PLC), Employment Agreement (Osmotica Pharmaceuticals LTD)

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base a salary at the rate of Two Three Hundred and Eighty-five Fifty Thousand Dollars ($285,000350,000) per year (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.

Appears in 2 contracts

Samples: Executive Employment Agreement (Amesite Operating Co), Executive Employment Agreement (Amesite Inc.)

Base Salary. In consideration of During the services to Term, Executive shall be rendered under this Agreement, the Company shall pay Executive an annual paid a base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“Base Salary”) of $66,666.67 per month (or $800,000 on an annualized basis). The Base Salary shall be paid , subject to applicable withholding, in accordance with the Company’s regularly established normal payroll practiceprocedures. Executive’s Base Salary will shall be reviewed from time to time in accordance with on an annual basis by the established procedures of the Company Board for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of possible increase (but not decrease) based on the Company’s operating results and financial condition, salaries paid to other Company executives, and general marketplace and other applicable considerations. Such increased Base Salary, if any, shall then constitute Executive’s “Base Salary” for purposes of this Agreement.

Appears in 2 contracts

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

Base Salary. In consideration The Company agrees to pay or cause to be paid to the ----------- Executive during the term of this Agreement a base salary at the rate of $700,000. This base salary will be subject to annual review and may be increased from time to time by the Board considering factors such as the executive's responsibilities, compensation of similar executives within the company and in other companies, performance of the services executive and other pertinent factors (hereinafter referred to be rendered under this Agreement, as the Company shall pay Executive an annual base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“"Base Salary"). The Such Base Salary shall be paid payable in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time 's customary practices applicable to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companyits executives.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Limited Inc), Restricted Stock Agreement (Abercrombie & Fitch Co /De/)

Base Salary. In Subject to the terms and conditions herein, in consideration of the services to be rendered under this Agreementby the Executive hereunder and provided that the Executive has performed in all material respects all of her obligations provided for herein, the Company shall will pay to the Executive an annual a base salary (the "Base Salary") at a minimum of Two Hundred and Eighty-five Fifty Thousand Dollars ($285,000250,000) (“Base Salary”)per year during the Term. The Base Salary shall be paid in accordance with the Company’s regularly established 's normal payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.

Appears in 2 contracts

Samples: Employment Agreement (Aurora Foods Inc /Md/), Employment Agreement (Aurora Foods Inc /De/)

Base Salary. In consideration During the term of the services to be rendered under this Agreement, the Company shall pay Executive an annual a base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“Base Salary”). The Base Salary shall be paid salary, payable in equal installments in accordance with the Company’s regularly established payroll practicestandard schedule for salary payments to its employees, at an initial annual rate equal to $385,000. Executive’s Base Salary will base salary shall be reviewed from time to time in accordance with annually by the established procedures Compensation Committee of the Company for adjusting salaries for similarly situated employees Board (the “Compensation Committee”), commencing in January 2011, and may be adjusted in after each such review after discussions between the sole discretion of the CompanyCompany and Executive.

Appears in 2 contracts

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

Base Salary. In consideration During the Period of the services to be rendered under this AgreementEmployment, the Company shall agrees to pay Executive an annual a base salary of Two Hundred and EightyForty-five Thousand Dollars dollars ($285,000$ 245,000.00) per annum, less standard deductions and authorized withholdings (the Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established standard payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companypractices.

Appears in 2 contracts

Samples: Employment Agreement (Malibu Boats, Inc.), Employment Agreement (Malibu Boats, Inc.)

Base Salary. In consideration of During the Term, for all services to be rendered under this Agreement, the Company Executive shall pay Executive receive an aggregate annual base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (the “Base Salary”)) at a rate of $550,000, payable in accordance with the Company’s applicable payroll practices. References in this Agreement to “Base Salary” shall be deemed to refer to the most recently effective annual base salary rate. The Base Salary shall be paid in accordance with reviewed annually by the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees Board and may be adjusted increased, but not decreased, in the sole discretion of the CompanyBoard.

Appears in 2 contracts

Samples: Employment Agreement (Knowlton Development Corp Inc), Employment Agreement (Knowlton Development Parent, Inc.)

Base Salary. In consideration of the all services to be rendered by Executive under this Agreement, the Company shall pay Executive an annual a base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (the “Base Salary”)) at an annual rate of $125,000 during the Employment Period. The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of such installments and at such times as the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companypays its regularly salaried employees, but no less often than once per month.

Appears in 2 contracts

Samples: Employment Agreement (Sidus Space Inc.), Employment Agreement (Sidus Space Inc.)

Base Salary. In consideration of During the Term, for all services to be rendered under this Agreement, the Company Executive shall pay Executive receive an aggregate annual base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (the “Base Salary”)) at a rate of US$650,000, payable in accordance with the Company’s applicable payroll practices. References in this Agreement to “Base Salary” shall be deemed to refer to the most recently effective annual base salary rate. The Base Salary shall be paid in accordance with reviewed annually by the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees Board and may be adjusted increased, but not decreased, in the sole discretion of the CompanyBoard.

Appears in 2 contracts

Samples: Employment Agreement (Knowlton Development Corp Inc), Employment Agreement (Knowlton Development Parent, Inc.)

Base Salary. In consideration of the services The Company agrees to pay or cause to be rendered under this Agreement, paid to Executive during the Company shall pay Executive an annual Term of Agreement a base salary at the rate of Two Hundred and Eighty-five Thousand Dollars $185,000 per annum or such increased amount as the Board may from time to time determine ($285,000) (hereinafter referred to as the “Base Salary”). The Such Base Salary shall be paid payable in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time customary practices applicable to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companyits executives.

Appears in 2 contracts

Samples: Executive Employment Agreement (Ribapharm Inc), Executive Employment Agreement (Ribapharm Inc)

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) 150,000 USD (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s The Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees executives and may be adjusted in the sole discretion of the Company. Executive’s unpaid Base Salary and/or Bonus, as provided in subsection (b) below, shall accrue until paid by the Company.

Appears in 2 contracts

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

Base Salary. In consideration of the As compensation for services to be rendered by Executive under this Agreement, the Company shall pay to Executive an annual base annualized salary of Two Hundred and Eighty-five Thousand hundred fifty thousand Dollars ($285,000) 550,000), less applicable tax and other authorized applicable withholdings (the “Base Salary”). The Base Salary , which shall be paid in accordance with the Company’s regularly established normal payroll practiceprocedures and policies. Executive’s Base Salary salary will be reviewed from time to time in accordance with reviewed, and if appropriate, adjusted, on an annual basis at or after the established procedures end of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companyeach calendar year.

Appears in 2 contracts

Samples: Employment Agreement (B. Riley Financial, Inc.), Employment Agreement (B. Riley Financial, Inc.)

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base a salary of Two equivalent to One Hundred and Eighty-five Seventy Thousand Dollars ($285,000170,000) per year (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive's Base Salary shall be reduced by withholdings required by law. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.

Appears in 2 contracts

Samples: Employment Agreement (BioLineRx Ltd.), Employment Agreement (BioLineRx Ltd.)

Base Salary. In consideration of the For all services to be rendered under by Executive pursuant to this Agreement, the Company shall agrees to pay Executive during the Employment Period an annual initial base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (the “Base Salary”)) at an annual rate of $135,000. The Base Salary shall be paid in periodic installments in accordance with the Company’s regularly established regular payroll practicepractices, subject to withholdings and deductions required and/or permitted by law. Executive’s The Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted subject to further adjustment in the sole discretion of the CompanyCompany at any time.

Appears in 2 contracts

Samples: Executive Employment Agreement (Be Active Holdings, Inc.), Executive Employment Agreement (Be Active Holdings, Inc.)

Base Salary. In consideration of the For all services to be rendered under by the Executive pursuant to this Agreement, the Company shall agrees to pay the Executive an annual during the Employment Term a base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (the “Base Salary”)) at a rate of $300,000 per year. The Base Salary shall be paid in periodic installments in accordance with the Company’s regularly established regular payroll practicepractices. Executive’s Base Salary will shall be reviewed from time to time in accordance with by the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the CompanyBoard on an annual basis.

Appears in 2 contracts

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

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base a salary at the rate of Two Hundred and EightySeven-five Hundred-Fifty-Thousand Dollars ($285,000750,000.00) per year (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted increased in the sole discretion of the Company.

Appears in 2 contracts

Samples: Executive Employment Agreement (Cherokee Inc), Executive Employment Agreement (Cherokee Inc)

Base Salary. In consideration of the services to be rendered under this AgreementEffective January 1, 2024, the Company shall will pay to the Executive an annual base salary of Two Five Hundred and Eighty-five Fifteen Thousand Dollars ($285,000515,000) (“Base Salary”)payable in accordance with the customary payroll practices of the Company. The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed subject to adjustment from time to time time, as determined by the Board or its designee in accordance with the established procedures its sole discretion. For purposes of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companythis Agreement, "Base Salary" shall mean Executive's base salary as adjusted.

Appears in 2 contracts

Samples: Employment Agreement (Blue Bird Corp), Employment Agreement (Blue Bird Corp)

Base Salary. In consideration of The Company shall pay the Executive, and the Executive shall accept, as full compensation for all services to be rendered under this Agreementhereunder, a basic salary (the "Base Salary") and the other compensation and benefits provided hereunder. The Executive's Base Salary effective the date his employment commences with the Company shall pay Executive be at an annual base salary rate of Two One Hundred and EightyThirty-five Five Thousand Dollars ($285,000) (“Base Salary”135,000). The Base Salary shall be paid , payable in accordance approximately equal installments at such intervals as are consistent with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company 's pay periods for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companysalaried executive employees.

Appears in 2 contracts

Samples: Employment Agreement (Precision Auto Care Inc), Employment Agreement (Precision Auto Care Inc)

Base Salary. In consideration For all services rendered hereunder during the term of the services to be rendered under this Agreement, the Company Executive shall pay Executive be paid an annual base salary ("Base Salary") of Two Hundred and EightySeventy-five Five Thousand Dollars ($285,00075,000.00) (“Base Salary”)per year. The Company and the Executive agree that such base salary is reasonable and is based upon the fair market rate in the marketplace for similar services by similarly qualified executives. The Base Salary shall be paid in bi-weekly installments in accordance with the Company’s regularly established 's usual payroll practicepractices. Executive’s Base Salary will The Executive shall also be reviewed from time eligible to time in accordance with receive an annual bonus based upon specific Company financial performance criterion to be mutually developed by the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companyparties.

Appears in 2 contracts

Samples: Employment Agreement (Medley Credit Acceptance Corp), Employment Agreement (Medley Credit Acceptance Corp)

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base a salary at the rate of Two Hundred and Eighty-five Forty Thousand Dollars ($285,000240,000) per year (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.

Appears in 2 contracts

Samples: Executive Employment Agreement (Ardelyx, Inc.), Executive Employment Agreement (Derycz Scientific Inc)

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base a salary at the rate of Two Hundred and Eighty-five Sixty Thousand Dollars ($285,000260,000) per year (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.

Appears in 2 contracts

Samples: Executive Employment Agreement (ONCOSEC MEDICAL Inc), Executive Employment Agreement (ONCOSEC MEDICAL Inc)

Base Salary. In consideration (a) Subject to the terms and conditions of the services to be rendered under this Agreement, the Company shall pay the Executive an annual gross base salary of Two Hundred and Eighty-five Thousand Dollars ONE HUNDRED EIGHTY THOUSAND DOLLARS ($285,000) (“Base Salary”180,000.00 USD). The Base Executive’s salary shall be reviewed annually by the Board of Directors of the Company. The Salary shall will be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time policies and procedures and is subject to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees all appropriate traditional and may be adjusted in the sole discretion of the Companynormal statutory and benefit deductions.

Appears in 2 contracts

Samples: Executive Employment Agreement (INFINITY REAL ESTATE HOLDINGS Corp), Executive Employment Agreement (INFINITY REAL ESTATE HOLDINGS Corp)

Base Salary. In consideration of the For services to be rendered by Executive under this Agreement, the Company shall pay to Executive an annual a monthly base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“Base Salary”). The Base Salary shall be paid 83,333 per month, subject to applicable withholding taxes, payable in accordance with the Company’s regularly established customary payroll practice. Executive’s Base Salary will be reviewed practices as in effect from time to time in accordance with (the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company“Monthly Compensation”).

Appears in 2 contracts

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

Base Salary. In consideration of the For all services to be rendered under by the Executive pursuant to this Agreement, the Company shall agrees to pay the Executive an annual during the Employment Period a base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (the “Base Salary”)) at an annual rate of not less than $627,000. The Base Salary shall be paid in periodic installments in accordance with the Company’s regularly established regular payroll practicepractices. Executive’s The Company agrees to review the Base Salary will be reviewed from time at least annually, and to time in accordance with make such increases therein as the established procedures of the Company for adjusting salaries for similarly situated employees and Board may be adjusted in the sole discretion of the Companyapprove.

Appears in 2 contracts

Samples: Employment Agreement (Plantronics Inc /Ca/), Employment Agreement (Plantronics Inc /Ca/)

Base Salary. In consideration During the Term of the services to be rendered under this Agreement, the Company shall pay to the Executive an annual a base salary at the rate of Two Hundred and Eighty-five Thousand Dollars (not less than $285,000) (“Base Salary”)150,000 per annum. The Base Salary Such base salary shall be paid in accordance with equal installments on the Company’s regularly established 's regular payroll practicedates during the term of this Agreement. The Executive’s Base Salary will 's base salary shall be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees annually and may be adjusted in the sole discretion of the Companyincreased (but not decreased).

Appears in 2 contracts

Samples: Employment Agreement (Realco Inc /Nm/), Employment Agreement (Realco Inc /Nm/)

Base Salary. In consideration Beginning on the Effective Date of the services to be rendered under this Agreement, the Company shall pay Executive an annual base salary of payable to Executive shall be Two Hundred and EightyTwenty-five Five Thousand Dollars ($285,000225,000.00) per annum (“Base Salary”). The Base Salary shall be paid , payable on a bi-weekly basis in accordance with the Company’s regularly established standard payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companyprocedures.

Appears in 2 contracts

Samples: Employment Agreement (Hercules Offshore, LLC), Employment Agreement (Hercules Offshore, LLC)

Base Salary. In consideration of the all services to be rendered by Executive under this Agreement, the Company shall pay Executive an annual a base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (the “Base Salary”)) at an annual rate of $450,000 during the Employment Period. The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of such installments and at such times as the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companypays its regularly salaried employees, but no less often than once per month.

Appears in 2 contracts

Samples: Employment Agreement (Hoth Therapeutics, Inc.), Employment Agreement (Unicycive Therapeutics, Inc.)

Base Salary. In consideration The Company agrees to pay or cause to be paid to the ----------- Executive during the term of this Agreement a base salary at the rate of $550,000. This base salary will be subject to annual review and may be increased from time to time by the Board considering factors such as the executive's responsibilities, compensation of similar executives within the company and in other companies, performance of the services executive and other pertinent factors (hereinafter referred to be rendered under this Agreement, as the Company shall pay Executive an annual base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“"Base Salary"). The Such Base Salary shall be paid payable in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time 's customary practices applicable to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companyits executives.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Abercrombie & Fitch Co /De/), Restricted Stock Agreement (Limited Inc)

Base Salary. In consideration Executive shall receive for continued employment with the Company, during the term of the services to be rendered under this Agreement, the Company shall pay Executive a base salary at an annual (July 1 – June 30) rate of six hundred fifteen thousand dollars ($615,000), payable in equal installments on the regular payroll dates of the Company, which payroll dates shall occur at least twice monthly, subject to applicable tax withholding. Such base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (the Annual Base Salary”). The Base Salary ) shall be paid in accordance with subject to increase as determined by the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with Board during the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companyannual focal review period.

Appears in 2 contracts

Samples: Executive Employment Agreement (Exar Corp), Part Time Employment Agreement (Exar Corp)

Base Salary. In consideration of the For all services to be rendered under by Executive pursuant to this Agreement, the Company shall agrees to pay Executive during the Employment Period a base salary (the "Base Salary") at an annual base salary rate of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“200,000, with such adjustments to the Base Salary”)Salary as shall be determined by the Board in its sole discretion. The Base Salary shall be paid in periodic installments in accordance with the Company’s regularly established 's regular payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companypractices.

Appears in 2 contracts

Samples: Executive Employment Agreement (Bullfrog Gold Corp.), Executive Employment Agreement (Bullfrog Gold Corp.)

Base Salary. In consideration During the term of the services to be rendered under this Agreement, the Company shall pay provide Executive an annual with a base salary of Two Hundred and Eighty-five Thousand Dollars no less than nine hundred thousand dollars ($285,000900,000.00) (“Base Salary”). The Base Salary shall per year, as adjusted from time to time, to be paid in accordance with the Company’s regularly established normal payroll practice. Executive’s policies (“Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the CompanySalary”).

Appears in 2 contracts

Samples: Executive Employment Agreement (GameStop Corp.), Executive Employment Agreement (GameStop Corp.)

Base Salary. In consideration During the Term of the services to be rendered under this Agreement, the Company Executive shall pay Executive an annual receive a base salary at a gross rate of Two Hundred and Eighty-five Fifty Thousand Dollars ($285,000250,000) per annum (the “Base Salary”). The Base Salary shall be paid , payable in substantially equal installments in accordance with the Company’s regularly established normal payroll practicepractices for payment of its employees, as in effect from time to time. Executive’s Base Salary will shall be reviewed subject to upward adjustment from time to time time, as determined by the Board (or a committee thereof) in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may its sole discretion, but shall not be adjusted in the sole discretion of the Companydownward.

Appears in 2 contracts

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

Base Salary. In consideration of the For all services to be rendered by Executive under this Agreement, the Company shall pay Executive an annual a base salary of Two Hundred and Eighty-five Thousand United States Dollars ($285,000US$200,000) per year (the "Base Salary"). The Base Salary shall be paid payable in accordance with equal, consecutive monthly installments. It is expressly understood and agreed that the Company’s regularly established payroll practice. Executive’s Base Salary will may be reviewed from time to time in accordance with increased upon the established procedures approval of a majority of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion members of the CompanyBoard of Directors.

Appears in 1 contract

Samples: Bonso Electronics International Inc

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base a salary at the rate of Two Hundred and EightySixty-five Five Thousand Two Hundred Twenty-Five Dollars ($285,000265,225) per year (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.

Appears in 1 contract

Samples: Executive Employment Agreement (Research Solutions, Inc.)

Base Salary. In consideration During the Term of the services to be rendered under this Agreement, the Company shall pay provide Executive an annual with a base salary of Two Hundred and Eighty-equal to no less than five Thousand Dollars hundred thousand dollars ($285,000500,000.00) per year, paid in accordance with the Company’s normal payroll policies (“Base Salary”). The Base Salary shall be paid subject to adjustment each year in accordance with an amount equal to no less than the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time average adjustment provided to time in accordance with the established procedures of the Company all other executive management personnel for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companysuch year.

Appears in 1 contract

Samples: Executive Employment Agreement (FelCor Lodging Trust Inc)

Base Salary. In consideration of the services to be rendered under this Agreement, the The Company shall pay Executive an annual initial base salary for services rendered under this Agreement at an annualized rate of Two Hundred and Eighty$450,000.00 (or $18,750 on a semi-five Thousand Dollars ($285,000monthly basis) (the “Base Salary”), less standard payroll deductions and withholdings. The Base Salary Executive shall be paid in accordance with the Company’s regularly established payroll practiceCompany practice and policy. Executive’s Base Salary will shall be reviewed and adjusted from time to time in accordance with by the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the CompanyBoard or a duly authorized committee.

Appears in 1 contract

Samples: Employment Agreement (Apollo Endosurgery, Inc.)

Base Salary. In consideration of During the services to be rendered under this AgreementTerm, the Company shall pay to the Executive for the performance of his duties under this Agreement an annual base salary of Two Hundred and Eighty-five Thousand Dollars $915,000 per year ($285,000) (the “Base Salary”). The Base Salary shall be paid , payable in accordance with the Company’s regularly established normal payroll practicepractices. The rate of the Executive’s Base Salary will be reviewed from time to time and adjusted as appropriate in accordance with the established procedures Company’s regular compensation review practices. Effective as of the Company date of any such adjustment, the Base Salary as so adjusted shall be considered the new Base Salary for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion all purposes of the Companythis Agreement.

Appears in 1 contract

Samples: Senior Executive Employment Agreement (Crown Holdings Inc)

Base Salary. In consideration of During the services to be rendered under this Agreementterm set forth in Section 2 above, the Company Corporation shall pay Executive an annual a base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“Base Salary”). The Base Salary shall be paid salary, payable in accordance with the Company’s regularly established Corporation's standard payroll practicepractices, as follows: $170,000 per annum for the period from the Effective Date through September 30, 1998, and $182,000 per annum, thereafter. Executive’s Base Salary will 's salary may be reviewed from time to time in accordance with by the established procedures Board, to increase the amount of such salary. Executive's salary shall not be reduced during the Company term of this Agreement. Any increased salary shall become Executive's base salary for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion purposes of the Companythis Agreement.

Appears in 1 contract

Samples: Employment Agreement (Synthetic Industries Inc)

Base Salary. In consideration of During the services to be rendered under this Agreementterm hereof, the Company shall pay the Executive an annual a base salary salary, which as of the date of execution of this Agreement is set at the rate of Two Hundred and Eighty-five Sixty Thousand Dollars ($285,000260,000) (per annum, payable in accordance with the regular payroll practices of the Company for its executives subject to adjustment from time to time by the Compensation Committee, in its sole discretion. Such base salary, as from time to time adjusted, is hereafter referred to as the “Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.

Appears in 1 contract

Samples: And Non Competition Agreement (SAVVIS, Inc.)

AutoNDA by SimpleDocs

Base Salary. In consideration For the services of the services Executive to be rendered by him under this Agreement, the Company shall will pay the Executive an annual base salary of Two Hundred and Eighty-five Eighty Five Thousand Dollars ($285,000) (the “Base Salary”), which shall be subject to minimum 4% annual increases. The Company shall pay the Executive his Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companyequal installments no less than semi-monthly.

Appears in 1 contract

Samples: Employment Agreement (Premier Exhibitions, Inc.)

Base Salary. In consideration of the For all services to be rendered under this Agreement, the Company shall pay Executive an annual base salary Base Salary of Two at least Five Hundred and Eighty-five Thirty Thousand Dollars ($285,000) (“Base Salary”530,000). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will shall not be reviewed from time decreased unless agreed to time in accordance with writing by the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the CompanyExecutive.

Appears in 1 contract

Samples: Employment Agreement (Northwest Pipe Co)

Base Salary. In consideration of For the services to be rendered by Executive under this Agreement, the Company shall pay Executive an annual a base salary of Two Hundred and Eighty-five Thousand Dollars not less than two hundred fifty thousand ($285,000250,000) (“Base Salary”). The Base Salary shall be paid per year payable in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees equal monthly installments, less income tax withholdings and may be adjusted in the sole discretion of the Company.other normal

Appears in 1 contract

Samples: Employment Agreement (Western Water Co)

Base Salary. In consideration Employer shall, during the term of the services to be rendered under this Agreement, the Company shall pay Executive an annual base salary of Two Four Hundred and EightyTwenty-five Five Thousand Dollars ($285,000) (“Base Salary”425,000). The Base Salary Such salary shall be paid in accordance with semi-monthly installments, less applicable withholding and salary deductions. Base salary shall be reviewed at least annually by the Company’s regularly established payroll practice. Executive’s Base Salary will , but may not be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companyreduced.

Appears in 1 contract

Samples: Employment Agreement (Hilltop Holdings Inc.)

Base Salary. In consideration of the For all services to be rendered by Executive under this Agreement, the Company shall pay Executive an annual a base salary of Two Hundred and Eighty-five Twenty Five Thousand Dollars US ($285,000225,000.00 US) per annum (the "Base Salary"). The amount of the Base Salary shall be paid in accordance with determined by the Company’s regularly established payroll practice. Executive’s Base Salary will Board of Directors and may be reviewed increased, but not decreased, from time to time in accordance with by the established procedures Board of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion Directors of the Company. No such change shall in any way abrogate, alter, terminate or otherwise affect the other terms of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (She Beverage Company, Inc.)

Base Salary. In consideration of While employed by the services Company pursuant to be rendered under this Agreement, the Company shall pay Executive an annual base salary of Two Hundred and Eighty-five Thousand Dollars $600,000, commencing as of April 1, 2011 ($285,000) (the “Base Salary”). The Base Salary shall be paid , payable in accordance with the Company’s regularly established normal payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance practices, with the established procedures of the Company for adjusting salaries for similarly situated employees such payroll deductions and may be adjusted in the sole discretion of the Companywithholdings as are required by law.

Appears in 1 contract

Samples: Executive Employment Agreement (SuccessFactors, Inc.)

Base Salary. In consideration Subject to the terms and conditions of the services to be rendered under this Agreement, during the Company Employment Period, Executive shall pay Executive receive an annual base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) 500,000 (“Base Salary”). The Base Salary shall be ) paid in accordance with the Company’s regularly established normal payroll practicepractices. The Company may make such deductions, withholdings or payments from sums payable to Executive hereunder which are required by law for taxes and similar charges. The Company will review Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company’s normal payroll procedures.

Appears in 1 contract

Samples: Employment Agreement (MassRoots, Inc.)

Base Salary. In consideration During the term and effectiveness of the services to be rendered under this Agreement, the Company shall pay Executive an annual annualized base salary ("Base Salary") at the annual rate of Two Four Hundred and Eighty-five Fifty Thousand Dollars ($285,000) (“Base Salary”450,000). The Base Salary shall be paid payable in accordance with equal installments in the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures and manner that other employees of the Company for adjusting salaries for similarly situated employees are compensated. The Board will review the Base Salary at least annually and may be adjusted may, in the its sole discretion of the Companydiscretion, increase (but not decrease) it to reflect performance, appropriate industry guideline data or other factors.

Appears in 1 contract

Samples: Employment Agreement (Famous Daves of America Inc)

Base Salary. In consideration of the services Services rendered to be rendered Company by Executive and Executive's covenants under this Agreement, the Company shall agrees to pay Executive an during the Employment Term a salary at the annual base salary rate of Two Hundred and Eighty-five Fifty Thousand Dollars ($285,000250,000) (the “Base SalaryCompensation”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed , subject to upward adjustments as may from time to time be determined by Company’s Board, less statutory deductions and withholdings, payable in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company's regular payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Collexis Holdings, Inc.)

Base Salary. In consideration of the services to be rendered under this Agreement, the Company Executive shall pay Executive receive an annual base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“Base Salary”). The Base Salary shall be paid ) of Two Hundred and Fifty Thousand Dollars ($250,000) per year, payable in accordance with the Company’s regularly established standard payroll practicedates and practices. Executive’s Base Salary will may be reviewed from time to time in accordance with no more frequently than annually by the established procedures of the Company for adjusting salaries for similarly situated employees CEO and may be adjusted in by the sole discretion of CEO, subject to oversight by the Company’s Board of Directors, based on the Executive’s and the Company’s performance, financial and otherwise. If the Base Salary is adjusted, the adjusted amount will thereafter be the Base Salary for all purposes of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Hooper Holmes Inc)

Base Salary. In consideration of During the Term, for all services to be rendered under this Agreement, the Company Executive shall pay Executive receive an aggregate annual base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“Base Salary”). The Base Salary shall be paid ) at an initial rate of $475,000, payable in accordance with the Company’s regularly established applicable payroll practicepractices. Executive’s Base Salary will shall be reviewed from time subject to time review by the Board in accordance with its sole discretion. References in this Agreement to “Base Salary” shall be deemed to refer to the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companymost recently effective annual base salary rate.

Appears in 1 contract

Samples: Employment Agreement (Intelsat Global Holdings S.A.)

Base Salary. In consideration of the services to be rendered under this Agreementhereunder, the Company Executive shall pay Executive an annual be paid a base salary of Two Hundred and Eighty-five Two Thousand Five Hundred Dollars ($285,000202,500) per year (the "Base Salary"). The Base Salary shall be paid in accordance with , payable at the Company’s time and pursuant to the procedures regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of by the Company.

Appears in 1 contract

Samples: Employment Agreement (Niku Corp)

Base Salary. In consideration of For all services rendered by the services Executive and all covenants and conditions undertaken by him pursuant to be rendered under this Agreement, the Company shall pay the Executive an annual in accordance with its normal payroll practices (but not less frequently than monthly) a base salary of Two Hundred and Eighty-five Thousand Dollars equal to $5,000 per month, less applicable withholdings ($285,000) (the “Base Salary”). The Such Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time-to-time but not less than annually by the Board, which shall make recommendations to time in accordance with adjust the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the CompanyBase Salary, if necessary, based upon appropriate applicable performance metrics.

Appears in 1 contract

Samples: Executive Employment Agreement (Medizone International Inc)

Base Salary. In consideration of the services to be rendered under this Agreement, the The Company shall pay the Executive an annual for all services rendered a base salary of Two Hundred and Eighty-five Seventy Five Thousand Dollars ($285,000275,000) per year (the “Base Salary”), payable in accordance with the Company’s payroll procedures, subject to customary withholdings and employment taxes. The Base Salary shall be paid in accordance with evaluated annually by the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company Board for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companyincrease only.

Appears in 1 contract

Samples: Employment Agreement (Mana Capital Acquisition Corp.)

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base a salary at the rate of Two Three Hundred and Eighty-five Sixty Thousand Seven Hundred Dollars ($285,000360,700) per year (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.

Appears in 1 contract

Samples: Executive Employment Agreement (Research Solutions, Inc.)

Base Salary. In consideration of During the services to be rendered under this Agreementterm hereof, the Company shall pay to Executive an annual a base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“Base Salary”) at the annual rate of Four Hundred Thousand Dollars ($400,000). The Base Salary shall be paid payable in equal installments in accordance with the Company’s regularly established payroll practicecustomary pay schedule and shall be subject to such adjustments as the STCN Board shall determine from time to time. The Company has currently implemented a thirty-five percent (35%) salary reduction for salaried employees. According, Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may shall be adjusted in the sole discretion of the Company.to the

Appears in 1 contract

Samples: Employment Agreement (Steel Connect, Inc.)

Base Salary. In consideration of the As compensation for all services rendered pursuant to be rendered under this Agreement, the Company shall will pay to the Executive an annual base salary ("Base Salary") of Two Hundred and EightyThirty-five Five Thousand Dollars ($285,000) (“Base Salary”235,000). The Base Salary shall be paid , subject to the adjustment by the Board of Directors of the Company, in its sole discretion, and payable in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion practices of the Company.

Appears in 1 contract

Samples: Executive Employment Agreement (Aerolink International Inc)

Base Salary. In consideration of While employed by the services Company pursuant to be rendered under this Agreement, the Company shall pay Executive an annual base salary of Two Hundred and Eighty-five Thousand Dollars $375,000 ($285,000) (the “Base Salary”). The Base Salary shall be paid , payable in accordance with the Company’s regularly established normal payroll practicepractices. The Company shall periodically review and, in the Company’s sole and absolute discretion, may modify Executive’s compensation (including the Base Salary will be reviewed from time and Incentive Bonus (as defined below) and benefits, subject to time in accordance with the established procedures provisions of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion Exhibit A of the Companythis Agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (Limeade, Inc)

Base Salary. In consideration of The Company agrees to pay the Executive, and the Executive agrees to accept, in payment for services to be rendered under this Agreementby the Executive hereunder, the Company shall pay Executive an annual aggregate base salary of Two Hundred and Eighty-five Thousand Dollars $105,000 per annum ($285,000) (the “Base Salary”). The Base Salary shall be paid in approximately equal installments in accordance with the Company’s regularly established customary payroll practicepractices. For all purposes under this Agreement, the term “Base Salary” shall refer to the Executive’s Base Salary will be reviewed base salary as in effect from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companythis Section 3(a).

Appears in 1 contract

Samples: Employment Agreement (ERBA Diagnostics, Inc.)

Base Salary. In consideration of For all services rendered by the services Executive and all covenants and conditions undertaken by him pursuant to be rendered under this Agreement, the Company shall pay the Executive in accordance with its normal payroll practices (but not less frequently than monthly) an annual base salary of Eighty Two Hundred and Eighty-five Thousand Dollars ($285,000) 82,000), less applicable withholdings (the “Base Salary”). The Such Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time-to-time but not less than annually by the Board, which shall make recommendations to time in accordance with adjust the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the CompanyBase Salary, if necessary, based upon appropriate applicable performance metrics.

Appears in 1 contract

Samples: Executive Employment Agreement (Medizone International Inc)

Base Salary. In consideration For the services of the services Executive to be rendered by him under this Agreement, the Company shall will pay the Executive an annual base salary of Two Hundred two hundred and Eighty-five Thousand Dollars twenty thousand dollars ($285,000220,000) (the “Base Salary”). The Company shall pay the Executive his Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companyequal installments no less than semi-monthly.

Appears in 1 contract

Samples: Employment Agreement (Premier Exhibitions, Inc.)

Base Salary. In consideration of the For all services to be rendered under by Executive pursuant to this Agreement, the Company shall agrees to pay Executive during the Employment Period a base salary (the "Base Salary") at an annual base salary rate of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“80,000, with such adjustments to the Base Salary”)Salary as shall be determined by the Board in its sole discretion. The Base Salary shall be paid in periodic installments in accordance with the Company’s regularly established 's regular payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companypractices.

Appears in 1 contract

Samples: Executive Employment Agreement (Finishing Touches Home Goods Inc.)

Base Salary. In consideration of the services to be rendered under this Agreement, the The Company shall pay the Executive an annual a base salary at the rate of Two Hundred and Eighty-five Thirty Five Thousand Dollars ($285,000235,000.00) per year (the “Base Salary”). The Base Salary shall be paid , in accordance with the Company’s regularly established customary payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures practices of the Company for adjusting salaries for similarly situated employees applicable to senior executives. During the Term, the Company’s Compensation Committee of the Board shall review the Base Salary and may be adjusted provide for such increases (but not decreases) in the Base Salary as it may, in its sole discretion of the Companyand exclusive discretion, deem appropriate.

Appears in 1 contract

Samples: Employment Agreement (BOVIE MEDICAL Corp)

Base Salary. In consideration of the services The Company agrees to pay or cause to be rendered under this Agreement, paid to Executive during the Company shall pay Executive an annual Term of Agreement a base salary at the rate of Two Hundred and Eighty-five Thousand Dollars $225,000 per annum or such increased amount as the Board may from time to time determine ($285,000) (hereinafter referred to as the “Base Salary”). The Such Base Salary shall be paid payable in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time customary practices applicable to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companyits executives.

Appears in 1 contract

Samples: Executive Employment Agreement (Ribapharm Inc)

Base Salary. In consideration of the For all services to be rendered under by Executive pursuant to this Agreement, the Company shall agrees to pay Executive an annual during the Employment Period a base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (the “Base Salary”)) at an annual rate of $185,000 during the Employment Period. The Base Salary shall be paid in periodic installments in accordance with the Company’s regularly established regular payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companypractices.

Appears in 1 contract

Samples: Executive Employment Agreement (Audioeye Inc)

Base Salary. In consideration of the For services to be rendered under this Agreement, the Company shall pay the Executive an annual a base annualized salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (610,000 ( “Base Salary”). The Base Salary , which shall be paid payable (after deduction of applicable payroll taxes) in accordance with the Company’s regularly established customary payroll practice. Executive’s Base Salary will be reviewed practices in effect from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companytime.

Appears in 1 contract

Samples: Employment Agreement (Wright Medical Group Inc)

Base Salary. In consideration of the services The Company will pay to be rendered under this Agreement, the Company shall pay Executive a gross salary at an annual base salary rate of Two Hundred Sixty Five Thousand and Eighty-five Thousand no/100 Dollars (US $285,000265,000.00) (“Base Salary”), payable semimonthly or at any other pay periods as the Company may use for its other similarly-situated employees. The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with for adjustment no less often than annually during the established procedures term of Executive’s employment hereunder and, if adjusted, such adjusted amount will become the Company “Base Salary” for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion purposes of the Companythis Agreement.

Appears in 1 contract

Samples: Employment Agreement (H&r Block Inc)

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base a salary at the rate of Two One Hundred and Eighty-five Sixty Five Thousand Dollars ($285,000165,000) per year (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.

Appears in 1 contract

Samples: Executive Employment Agreement (Derycz Scientific Inc)

Base Salary. In consideration of the For all services to be rendered under by Executive pursuant to this Agreement, the Company shall agrees to pay Executive during the Employment Period a base salary (the "Base Salary") at an annual base salary rate of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“195,000, with such upward adjustments to the Base Salary”)Salary as shall be determined by the Board in its sole discretion. The Base Salary shall be paid in periodic installments in accordance with the Company’s regularly established 's regular payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companypractices.

Appears in 1 contract

Samples: Executive Employment Agreement (Marathon Patent Group, Inc.)

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base a salary at the rate of Two Three Hundred and Eighty-five Fifty Thousand Dollars ($285,000350,000) per year (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.

Appears in 1 contract

Samples: Employment Agreement (VistaGen Therapeutics, Inc.)

Base Salary. In consideration of the For all services to be rendered by Executive under this Agreement, the Company shall pay Executive an annual a base salary of Two One Hundred and Eighty-five Seventy Five Thousand Dollars US ($285,000175,000.00 US) per annum (the “Base Salary”). The amount of the Base Salary shall be paid in accordance with determined by the Company’s regularly established payroll practice. Executive’s Base Salary will Board of Directors and may be reviewed increased, but not decreased, from time to time in accordance with by the established procedures Board of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion Directors of the Company. No such change shall in any way abrogate, alter, terminate or otherwise affect the other terms of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (She Beverage Company, Inc.)

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual The base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“Base Salary”). The Base Salary the Executive for his services pursuant to the terms of this Agreement shall be paid $750,000 per year, effective January 1, 2001, and shall be payable in accordance with equal bi-monthly installments, or on such other terms as may mutually be agreed upon by the Company’s regularly established payroll practiceCompany and Executive. Executive’s Base Salary will 's base salary shall be reviewed from time subject to time in accordance with the established procedures an automatic cost-of-living increase of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion five percent (5%) on each anniversary of the Companythis Agreement.

Appears in 1 contract

Samples: Employment Agreement (MTR Gaming Group Inc)

Base Salary. In consideration of the As compensation for all services to be rendered by Executive under this Agreement, the Company shall pay to Executive an a base annual base salary of Two One Hundred and Eighty-five Forty Thousand Dollars ($285,000140,000) (the “Base Salary”). The Base Salary , which shall be paid on a regular basis in accordance with the Company’s regularly established customary payroll practiceprocedures and policies. Executive’s Executive will be eligible for annual increases to the Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.’s then current compensation policies

Appears in 1 contract

Samples: Employment Agreement (Kratos Defense & Security Solutions, Inc.)

Base Salary. In consideration of For the services to be rendered performed by Executive under this Agreement, the Company shall pay Executive an annual a base salary of Two Hundred and Eighty-five One Million Twenty Thousand Dollars ($285,0001,020,000) per year (“Base Salary”). The Base Salary shall be paid in accordance with the same increments as the Company’s regularly established payroll practicenormal payroll, but no less frequently than monthly, and prorated for any partial year of service during the Employment Term. Executive’s Base Salary will shall be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companyat least annually.

Appears in 1 contract

Samples: Employment Agreement (Hill-Rom Holdings, Inc.)

Base Salary. In consideration of the For all services to be rendered under by the Executive pursuant to this Agreement, the Company shall agrees to pay the Executive an annual during the Employment Period a base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (the “Base Salary”) at an annual rate of not less than four hundred fourteen thousand five hundred dollars ($414,500). ; The Base Salary shall be paid in periodic installments in accordance with the Company’s regularly established regular payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companypractices.

Appears in 1 contract

Samples: Employment Agreement (ArcSight Inc)

Base Salary. In consideration of For services rendered by the services to be rendered Executive under this the Agreement, the Company shall pay the Executive an annual base salary of Two Hundred and Eighty-five Eighteen Thousand Dollars ($285,000) 218,000), dollars (the "Base Salary"). The Base Salary shall be paid earned and shall be payable in accordance with the Company’s regularly established 's normal accounting and payroll practice. Executive’s practices and the Company may increase, but not decrease, the Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companyat any time.

Appears in 1 contract

Samples: Employment Agreement (Semx Corp)

Base Salary. In As consideration of for the services to be rendered under this Agreementof Executive hereunder, the Company shall pay Executive an annual base salary in the amount of Two Hundred and Eighty-five Thousand Dollars $900,000 ($285,000) (the “Base Salary”). The Base Salary shall be paid , payable in accordance with the Company’s regularly established customary payroll practice. Executive’s Base Salary will be reviewed practices as in effect from time to time. The CEO shall perform an annual review of Executive’s compensation based on Executive’s performance of Executive’s duties. The term Base Salary shall include any changes to the Base Salary from time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companyto time.

Appears in 1 contract

Samples: Senior Management Agreement (Huron Consulting Group Inc.)

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base a salary at the rate of One Hundred Two Hundred and Eighty-five Thousand Dollars ($285,000102,000) per year (the “Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.

Appears in 1 contract

Samples: Employment Agreement (Derycz Scientific Inc)

Base Salary. In consideration of During the services to be rendered under this Agreementterm hereof, the Company shall pay the Executive an annual a base salary salary, which as of the date of execution of this Agreement is set at the rate of Two Hundred and Eighty-five Seventy Thousand Dollars ($285,000270,000.00) (per annum, payable in accordance with the regular payroll practices of the Company. Such base salary, as from time to time adjusted, is hereafter referred to as the “Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.

Appears in 1 contract

Samples: And Non Competition Agreement (SAVVIS, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.