Common use of Base Salary Clause in Contracts

Base Salary. The Executive's base salary for each Employment Year under this Agreement shall be at the rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the year, in accordance with normal payroll practices of the Company.

Appears in 1 contract

Samples: Executive Employment Agreement (Phoenix Color Corp)

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Base Salary. The Executive's Corporation shall pay to the Executive a base salary for each Employment Year under this Agreement shall be at the rate of $494,004 per annum. Such base salary may be increased based 219,000 payable in substantially equal periodic installments on periodic reviews by the Board of DirectorsCorporation's regular payroll dates. The Executive's base salary shall be paid throughout the yearreviewed at least annually and from time to time may be increased (or reduced, in accordance with normal payroll practices if such reduction is effected pursuant to across-the-board salary reductions similarly affecting all management personnel of the CompanyCorporation).

Appears in 1 contract

Samples: Employment Agreement (Bowater Inc)

Base Salary. The Executive's ’s base salary for each Employment Year under this Agreement during the Term shall be at the rate of at least $494,004 448,000.00 per annumyear. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's ’s base salary shall be paid throughout the year, payable in substantially equal installments in accordance with normal the Company’s payroll practices of the Companyas in effect from time to time, less any amounts required to be withheld under applicable law. Executive’s base salary shall be reviewed annually for increase (but shall not be decreased).

Appears in 1 contract

Samples: Employment Agreement (Ocular Therapeutix, Inc)

Base Salary. The Executive's Executive will be paid a base salary for each Employment Year under this Agreement shall be at the rate of $494,004 per annum. Such base salary may 325,000, subject to further adjustment as provided below (the "Base Salary"), which will be increased based on payable in equal periodic reviews by installments according to the Board of DirectorsEmployer's customary payroll practices, but no less frequently than monthly. The Executive's base salary shall Base Salary will be paid throughout the reviewed by Employer's Board of Directors not less frequently than annually, and may be adjusted upward or downward by Employer but in no event will be less than $325,000 per year, in accordance with normal payroll practices of the Company.

Appears in 1 contract

Samples: Employment Agreement (Radiant Logistics, Inc)

Base Salary. The During Executive's ’s employment with the Company, the Company shall pay Executive a base salary for each Employment Year under this Agreement shall be at the annual rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary 410,000.00, less payroll deductions and withholdings, which shall be paid throughout the year, payable in accordance with normal the standard payroll practices of the Company. Executive’s base salary shall be subject to periodic review and adjustment by the Board of Directors of the Company (or a duly authorized committee thereof, if applicable) (the “Board”) from time to time and in the discretion of the Board.

Appears in 1 contract

Samples: Employment Agreement (Bellicum Pharmaceuticals, Inc)

Base Salary. The During the Employment Term, the Company shall pay Executive for Executive's ’s services hereunder a base salary for each Employment Year under this Agreement shall be at the initial annual rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the year450,000, payable in substantially equal installments in accordance with normal payroll practices of the Company’s usual payment practices and subject to annual review and upward adjustment by the Company in its sole discretion. Such amount (as it may be increased, but not decreased, from time to time in accordance with this Section 4.1) shall be referred to herein as the “Base Salary.

Appears in 1 contract

Samples: Employment Agreement (Arqule Inc)

Base Salary. The Executive's During the Employment Term, the Company shall pay Executive an initial base salary for each Employment Year under this Agreement shall be at the annual rate of $494,004 per annum250,000, payable in regular installments in accordance with the Company’s usual payment practices. Such Executive’s base salary may be increased based on periodic reviews by in the sole discretion of the Compensation Committee of the Board of Directors(the “Committee”). The Executive's ’s annual base salary shall be paid throughout salary, as in effect from time to time, is hereinafter referred to as the year, in accordance with normal payroll practices of the Company“Base Salary.

Appears in 1 contract

Samples: Employment Agreement (Shattuck Labs, Inc.)

Base Salary. The Executive's Company shall pay Executive for his services hereunder a base salary for each Employment Year under this Agreement shall be at the rate of $494,004 575,000 per annumyear, subject to required withholdings and deductions, paid on the payroll schedule for the Company’s senior executives in effect from time to time. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's ’s base salary shall be paid throughout subject to annual review by the yearBoard and may be increased, in accordance with normal payroll practices but not decreased, from time to time by the Board. The base salary as determined herein from time to time shall constitute Executive’s “Base Salary” for purposes of the Companythis Agreement.

Appears in 1 contract

Samples: Employment Agreement (Leapfrog Enterprises Inc)

Base Salary. The Executive's For all the services rendered by Executive hereunder, the Employer shall pay Executive a base salary for each Employment Year under this Agreement shall be (“Base Salary”) at the annual rate of Four Hundred Fifty Thousand Dollars ($494,004 per annum450,000), subject to all required withholdings and authorized deductions and payable bi-weekly in installments at such times as the Employer customarily pays its other senior level executives. Such base salary may be increased based on periodic reviews Executive’s Base Salary is subject to annual review by the Board of Directors. The Executive's base salary shall be paid throughout the year, in accordance consistent with normal payroll practices other members of the Company’s executive team.

Appears in 1 contract

Samples: Executive Employment Agreement (CareMax, Inc.)

Base Salary. The Executive's Executive shall be entitled to receive a base salary for each from the Company during the Employment Year under this Agreement shall be Period at the rate of $494,004 245,000.00 per annumyear. Such The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Committee”), and may be increased based on periodic reviews by the Board of Directors(but not decreased). The Executive's base salary shall be paid throughout the year, in accordance with normal payroll practices of the Company’s payroll procedures as in effect from time-to-time.

Appears in 1 contract

Samples: Employment Agreement (NOODLES & Co)

Base Salary. The Executive's During the Employment Term, the Company shall pay the Executive an annual base salary for each Employment Year under this Agreement shall be (the "BASE SALARY") at the annual rate of $494,004 per annum170,000 payable in regular installments in accordance with the Company's usual payroll practices. Such base salary may be increased based on periodic reviews by may, at the Board sole discretion of Directors. The Executive's base salary shall be paid throughout the year, in accordance with normal payroll practices President of the Company, be upwardly adjusted.

Appears in 1 contract

Samples: Employment Agreement (Interline Brands Inc)

Base Salary. The Executive's During the Employment Term, the Company shall pay Executive an initial base salary for each Employment Year under this Agreement shall be at the annualized rate of $494,004 per annum439,700, payable in regular installments in accordance with the Company’s usual payment practices. Such Executive’s base salary may be increased based on periodic reviews by adjusted in the sole discretion of the Compensation Committee of the Board of DirectorsDirectors (the “Committee”). The Executive's ’s annual base salary shall be paid throughout salary, as in effect from time to time, is hereinafter referred to as the year, in accordance with normal payroll practices of the Company“Base Salary.

Appears in 1 contract

Samples: Employment Agreement (Atossa Therapeutics, Inc.)

Base Salary. The Executive's base Company agrees to pay to Executive as a salary for each during the Term of Employment Year under this Agreement shall be at the rate of no less than $494,004 825,000 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the year, payable in accordance with the normal payroll practices of the CompanyCompany in the United States as in effect from time to time. The Board shall review, and may adjust in its sole discretion, such base salary no less often than annually. Executive’s annual base salary rate, as in effect from time to time, is hereinafter referred to as the “Base Salary.

Appears in 1 contract

Samples: Employment Agreement (JELD-WEN Holding, Inc.)

Base Salary. The Executive's Corporation shall pay to the Executive a base salary for each Employment Year under this Agreement shall be at the rate of $494,004 per annum. Such base salary may be increased based 205,000 payable in substantially equal periodic installments on periodic reviews by the Board of DirectorsCorporation's regular payroll dates. The Executive's base salary shall be paid throughout the yearreviewed at least annually and from time to time may be increased (or reduced, in accordance with normal payroll practices if such reduction is effected pursuant to across-the-board salary reductions similarly affecting all management personnel of the CompanyCorporation).

Appears in 1 contract

Samples: Employment Agreement (Bowater Inc)

Base Salary. The Executive's While Executive is employed by the Company hereunder, the Company shall pay to Executive an annual base salary for each Employment Year under this Agreement shall be at the rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's 121,000, less deductions and withholdings, which base salary shall be paid throughout the year, in accordance with the Company's normal payroll practices policies and procedures. As soon as practicable after the end of each fiscal year, the CompanyCompany shall conduct an annual performance review of Executive and thereafter establish Executive's base salary in an amount not less than the base salary in effect for the prior year.

Appears in 1 contract

Samples: Employment Agreement (PrimeWood, Inc.)

Base Salary. The During the term of Executive's ’s employment, Executive will receive a base salary for each Employment Year under this Agreement shall be of $225,000 per annum, payable in biweekly increments, subject to annual salary and performance review and potential salary increase at the rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the year, in accordance with normal payroll practices sole discretion of the Company. Under no circumstances will Executive’s annual salary be reduced as a result of such performance review.

Appears in 1 contract

Samples: Employment Agreement (Chromavision Medical Systems Inc)

Base Salary. The Executive's During the Employment Term, the Company shall pay Executive a base salary for each Employment Year under this Agreement shall be at the annual rate of $494,004 per annum450,000, payable in regular installments in accordance with the Company’s usual payment practices. Such Executive shall be entitled to such increases, if any, in his base salary as may be increased based on periodic reviews by determined from time to time in the Board sole discretion of Directors. The Executive's base salary shall be paid throughout the yearBoard, in accordance with normal payroll practices of the Company’s normal annual review process for executives. Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary”.

Appears in 1 contract

Samples: Employment Agreement (Energy Future Holdings Corp /TX/)

Base Salary. The Executive's While Executive is employed hereunder, Company will pay Executive a base salary for each Employment Year under this Agreement shall be at the annual rate of Seven Hundred Fifty Thousand dollars ($494,004 per annum. Such base salary may be increased based on 750,000) (the “Base Salary”), payable in substantially equal periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the year, installments in accordance with normal Company’s payroll practices of the Companyas in effect from time to time. The Base Salary shall increase by 5% during each Subsequent Term. Company will deduct from each such installment all amounts required to be deducted or withheld under applicable law or under any employee benefit plan in which Executive participates.

Appears in 1 contract

Samples: Employment Agreement (Wave2Wave Communications, Inc.)

Base Salary. The During the term of Executive's employment, the Company shall pay Executive an annual base salary for each Employment Year under this Agreement of Two Hundred Eighty Thousand Dollars ($280,000) (the "Annual Base Salary") payable in accordance with the Company's regular payroll practices, but not less frequently than twice per month. The Annual Base Salary shall be reviewed at the rate of $494,004 per annum. Such base salary may be increased based on periodic reviews least annually by the Board of Directors. The Executive's base salary shall Directors and may be paid throughout adjusted upwards (but not downwards) in the year, in accordance with normal payroll practices sole discretion of the CompanyBoard of Directors.

Appears in 1 contract

Samples: Employment Agreement (Infocrossing Inc)

Base Salary. The Executive's For all services rendered by the Executive under this Agreement, the Employer shall pay the Executive an annual base salary for each Employment Year under this Agreement shall be at the rate of $494,004 296,800 per annumyear (the “Base Salary”). Such base salary The Base Salary may be increased based on periodic reviews by anytime thereafter at the discretion of the Board of Directors. The Board of Directors and CEO shall review the Executive's base ’s performance and the appropriateness of the Base Salary no less often than annually. The Executive’s salary shall be paid throughout the year, payable in accordance with normal payroll practices of the CompanyEmployer to the officers of the Employer.

Appears in 1 contract

Samples: Employment Agreement (Access National Corp)

Base Salary. The Executive's Corporation shall pay to the Executive a base salary for each Employment Year under this Agreement shall be at of C$472,000.00 payable in substantially equal periodic installments on the rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by the Board of DirectorsCorporation's regular payroll dates. The Executive's base salary shall be paid throughout the yearreviewed at least annually and from time to time may be increased (or reduced, in accordance with normal payroll practices if such reduction is effected pursuant to across-the-board salary reductions similarly affecting all management personnel of the CompanyCorporation).

Appears in 1 contract

Samples: Employment Agreement (Bowater Inc)

Base Salary. The Executive's While Executive is employed by the Company hereunder, the Company shall pay to Executive an annual base salary for each Employment Year under this Agreement shall be at the rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's 103,000, less deductions and withholdings, which base salary shall be paid throughout the year, in accordance with the Company's normal payroll practices policies and procedures. As soon as practicable after the end of each fiscal year, the CompanyCompany shall conduct an annual performance review of Executive and thereafter establish Executive's base salary in an amount not less than the base salary in effect for the prior year.

Appears in 1 contract

Samples: Employment Agreement (PrimeWood, Inc.)

Base Salary. The During the term of the Executive's ’s employment, the Executive will receive a base salary for each Employment Year under this Agreement shall be of $250,000 per annum, payable in biweekly increments in arrears, subject to annual salary and performance reviews and potential salary increases at the rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the year, in accordance with normal payroll practices sole discretion of the CompanyBoard.

Appears in 1 contract

Samples: Employment Agreement (Oxis International Inc)

Base Salary. The During Executive's ’s employment hereunder, the Company shall pay Executive a base salary for each Employment Year under this Agreement shall be at the annualized rate of $494,004 per annum340,000, payable in regular installments in accordance with the Company’s payment practices from time to time. Such base Executive shall be entitled to annual performance and salary may be increased based on periodic reviews by the Board of Directors. The Executive's review, and any increase in base salary shall be paid throughout in the year, in accordance with normal payroll practices sole discretion of the CompanyCompensation Committee of the Board. Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary”.

Appears in 1 contract

Samples: Employment Agreement (Lantheus Medical Imaging, Inc.)

Base Salary. The During the term of Executive's employment with the Company pursuant to this Agreement, the Company shall pay to Executive as compensation for Executive’s services an annual base salary for each Employment Year under this Agreement shall be at the rate of not less than $494,004 per annum300,000.00 (“Base Salary”). Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary shall Base Salary will be paid throughout the year, payable in arrears in accordance with the Company's normal payroll practices procedures and will be reviewed annually and subject to upward adjustment at the discretion of Executive’s direct supervisor. Nothing in this Agreement entitles Executive to an annual base salary of more than the Companyabove-referenced Base Salary amount.

Appears in 1 contract

Samples: Employment Agreement (Delta Apparel, Inc)

Base Salary. The Company shall pay Executive for Executive's ’s services hereunder a base salary for each Employment Year under this Agreement shall be at the annual rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the year260,000, payable in regular installments in accordance with normal payroll practices of the Company’s usual payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Infocus Corp)

Base Salary. The Executive's Company agrees to pay Executive a base salary for each Employment Year under this Agreement shall be at the an annual rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the year325,000, payable in accordance with normal the regular payroll practices of the Company. Executive’s Base Salary shall be subject to annual review by the Company’s Board of Directors (the “Board”) (or a committee thereof), and may be adjusted from time to time by the Board (or a committee thereof). The base salary as determined herein and adjusted from time to time shall constitute “Base Salary” for purposes of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Lifeway Foods Inc)

Base Salary. The Company shall pay Executive an annual base salary of $210,000 per fiscal year, payable in accordance with the Company’s customary payroll practices for management employees. The Chief Executive Officer or his designee may review and adjust Executive's base salary for each Employment Year under this Agreement from year to year; provided, however, that during the term of Executive's employment, the Company shall be at the rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The not decrease Executive's base salary shall be paid throughout the year, in accordance with normal payroll practices of the Companysalary.

Appears in 1 contract

Samples: Employment Agreement (First Mid Illinois Bancshares Inc)

Base Salary. The Executive's Executive shall be entitled to receive a base salary for each from the Company during the Employment Year under this Agreement shall be Period at the rate of $494,004 800,000 per annumyear. Such The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Committee”), and may be increased based on periodic reviews by the Board of Directors(but not decreased). The Executive's base salary shall be paid throughout the year, in accordance with normal payroll practices of the Company’s payroll procedures as in effect from time-to-time.

Appears in 1 contract

Samples: Employment Agreement (NOODLES & Co)

Base Salary. The Executive's base During the Term of Employment, the Company agrees to pay to Executive a salary for each Employment Year under this Agreement shall be at the rate of $494,004 145,385 per annum, payable in bi-weekly installments or otherwise in accordance with the normal payroll procedures of the Company. Such base annual salary shall be subject to annual review and may be increased based on periodic reviews by adjusted upward from time to time in the Board sole discretion of Directorsthe Board. The Executive's base salary annual salary, including any periodic adjustments made from time to time, shall be paid throughout the year, referred to in accordance with normal payroll practices of the Companythis Agreement as "Base Salary."

Appears in 1 contract

Samples: Employment Agreement (Phoenix Racing Inc)

Base Salary. The Executive's For all the services rendered by Executive hereunder, the Company shall pay Executive a base salary for each Employment Year under this Agreement shall be (“Base Salary”), commencing on the Effective Date, at the annual rate of $494,004 per annum375,000, payable in installments at such times as the Company customarily pays its other senior level executives. Such base salary may Executive’s Base Salary shall be increased based on periodic reviews reviewed annually for appropriate increases by the Board of Directors. The Executive's base salary pursuant to the Board’s normal performance review policies for senior level executives but shall not be paid throughout the year, in accordance with normal payroll practices of the Companydecreased.

Appears in 1 contract

Samples: Employment Agreement (RAIT Financial Trust)

Base Salary. The During Executive's ’s employment hereunder, the Company shall pay Executive a base salary for each Employment Year under this Agreement shall be at the annual rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the year400,000, payable in regular installments in accordance with normal payroll the Company’s payment practices from time to time. Executive shall be entitled to such increases in base salary, if any, as may be determined from time to time in the sole discretion of the CompanyBoard. Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary”.

Appears in 1 contract

Samples: Employment Agreement (Lantheus MI Intermediate, Inc.)

Base Salary. Executive shall be paid a gross base annual salary in the amount of $375,000 (the “Base Salary”), which shall be payable in accordance with the then-current payroll schedule of the Company. The payment to the Executive will be net of the Executive’s personal applicable tax withholdings. The Executive's base salary for each Employment Year under this Agreement shall ’s Base Salary will be at the rate of $494,004 per annum. Such base salary reviewed periodically and may be increased based on periodic reviews from time to time by the Board of Directors. The Executive's base salary shall be paid throughout the year, in accordance with normal payroll practices of the CompanyCompany at its discretion.

Appears in 1 contract

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

Base Salary. The Executive's base salary for each Employment Year under this Agreement Executive shall be paid an annual salary at the rate of $494,004 per annum150,000. Such Base salary is payable in accordance with the Company’s payroll practices and policies in effect from time to time and subject to applicable withholding of income taxes, social security taxes and other such other payroll deductions as are required by law or applicable employee benefit programs. Executive’s base salary may be increased based on periodic reviews is subject to adjustment by the Board or a committee of Directorsthe Board. The Executive's ’s annual base salary shall be paid throughout salary, as in effect from time to time, is hereinafter referred to as the year, in accordance with normal payroll practices of the Company“Base Salary.

Appears in 1 contract

Samples: Employment Agreement (Virpax Pharmaceuticals, Inc.)

Base Salary. The During Executive's ’s employment with the Company, effective as of the Effective Date, the Company shall pay Executive a base salary for each Employment Year under this Agreement at the annual rate of Three Hundred Seventy-Five thousand dollars ($375,000), less payroll deductions and withholdings, which shall be at the rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the year, payable in accordance with normal the standard payroll practices of the Company. Executive’s base salary shall be subject to periodic review and adjustment by the Board from time to time in the discretion of the Board.

Appears in 1 contract

Samples: Employment Agreement (Marker Therapeutics, Inc.)

Base Salary. The Executive's While Executive is employed hereunder, the Company will pay Executive a base salary for each Employment Year under this Agreement shall be at the gross annualized rate of $494,004 per annum430,500.00 (the “Base Salary”), paid in accordance with the Company’s usual payroll practices. Such base salary The Base Salary will be subject to review annually and may be increased based on periodic reviews by adjusted upwards in the discretion of the CEO or the Board of Directors. The Executive's base salary shall Company will deduct from each such installment any amounts required to be paid throughout the year, deducted or withheld under applicable law or under any employee benefit plan in accordance with normal payroll practices of the Companywhich Executive participates.

Appears in 1 contract

Samples: Executive Employment Agreement (Kindred Biosciences, Inc.)

Base Salary. The Executive's For services rendered by Executive under this Agreement, the Company shall pay Executive a minimum base salary for each Employment Year under this Agreement of $250,000 per year (“Base Salary”). The Company’s Chief Executive Officer shall review and Executive’s Base Salary on an annual basis and may, in his sole discretion, increase the Base Salary from time to time in such amounts as may determined by him. Said Base Salary shall be at the rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the year, payable in accordance with normal the Company’s regular payroll practices of the Companyfor executive employees.

Appears in 1 contract

Samples: Employment Agreement (American Defense Systems Inc)

Base Salary. The Executive's During the Employment Term, the Company shall pay Executive an annual base salary for each Employment Year under this Agreement of $570,000 per annum in cash (such base salary, as may be increased, the “Base Salary”). Executive’s Base Salary shall be at reviewed periodically (but no less frequently than annually) by the rate Compensation Committee of $494,004 per annum. Such base salary the Board (the “Compensation Committee”) and may be increased based on periodic reviews by (but not decreased) from time to time in the Board of DirectorsCompensation Committee’s sole discretion. The Executive's base salary Base Salary due Executive hereunder shall be paid throughout the year, in accordance with normal the general payroll practices of the CompanyCompany for executive level employees.

Appears in 1 contract

Samples: Employment Agreement (Inland Real Estate Corp)

Base Salary. The Executive's Company shall pay the Executive an annual rate of base salary for each Employment Year under this Agreement shall be at the rate of $494,004 per annum. Such base salary may be increased based on 275,000 in periodic reviews by installments in accordance with the Board of DirectorsCompany’s customary payroll practices. The Executive's ’s base salary shall be paid throughout reviewed at least annually by the yearBoard and the Board may, but shall not be required to, increase (but not decrease) the base salary during the Employment Term. The Executive’s annual base salary, as in accordance with normal payroll practices of the Companyeffect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 1 contract

Samples: Employment Agreement (Vapotherm Inc)

Base Salary. The Executive's base Executive shall initially be paid a salary for each Employment Year under this Agreement shall be at the rate of $494,004 38,461.54 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the yearbiweekly pay period, payable in accordance with normal the regular payroll practices of the Company, and annualizing to $1,000,000 (the “Base Salary”). No less frequently than annually, Executive’s Base Salary shall be reviewed by the Compensation Committee who may (but is not obligated to) adjust such Base Salary in its sole discretion; provided that Base Salary shall not be decreased. Any such increased Base Salary shall be Executive’s “Base Salary” for all purposes under this Agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (Park Hotels & Resorts Inc.)

Base Salary. The In consideration of the services of Executive's base , the Company shall pay to Executive a salary for each Employment Year under this Agreement shall be at the an annual rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by 160,000 during the Board of Directors. The Executive's base salary Employment Term, which shall be paid throughout the year, in accordance with normal the Company's standard payroll practices of and procedures for its executives generally, but in no event less than monthly, and which the Company's Board of Directors (the "Board") may increase in its discretion from time to time (the "Base Salary").

Appears in 1 contract

Samples: Employment Agreement (Flightserv Com)

Base Salary. The Executive's Company shall pay to the Executive a base salary for each Employment Year under this Agreement of two hundred twenty-five thousand dollars ($225,000) per annum (the “Salary”). The Salary shall be at payable in accordance with the rate of $494,004 per annumCompany’s normal payroll schedule and practices. Such base salary may Salary shall be reviewed annually to ascertain whether, in the judgment INPHONIC CONFIDENTIAL INFORMATION of the CEO, such Salary should be increased based on periodic reviews the performance of and contributions made by the Board of Directors. The Executive's base salary shall be paid throughout Executive during the preceding year, in accordance with normal payroll practices of inflation, and other factors deemed appropriate by the CompanyCEO.

Appears in 1 contract

Samples: Employment Agreement (Inphonic Inc)

Base Salary. The During the Executive's ’s employment hereunder, the Company shall pay the Executive a base salary for each Employment Year under this Agreement shall be at the annual rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by 275,000 (as in effect from time to time, the Board of Directors. The Executive's base salary shall be paid throughout the year1DEPTS.00106 “Base Salary”), payable in regular installments in accordance with normal the Company’s regular payroll practices of as in effect from time to time, but in no event less frequently than monthly. The Board will consider increases in the CompanyExecutive’s Base Salary from time to time.

Appears in 1 contract

Samples: Employment Agreement (SEACOR Marine Holdings Inc.)

Base Salary. The During the period of Executive's employment under this Agreement, the Company shall pay Executive an annual base salary for each Employment Year under this Agreement at an annual rate equal to no less than $325,000, which shall be at the rate of $494,004 per annum. Such base salary may be increased based on periodic reviews reviewed annually by the Compensation Committee of the Board for the purpose of Directorsconsidering increases thereof. The Executive's base salary shall be paid throughout the year, in accordance with normal payroll the standard practices for other senior corporate executives of the Company.

Appears in 1 contract

Samples: Employment Agreement (Protection One Alarm Monitoring Inc)

Base Salary. The Executive's During the Employment Term, the Company shall pay Executive a base salary for each Employment Year under this Agreement shall be at the annual rate of $494,004 per annum385,000, payable in regular installments in accordance with the Company’s usual payment practices. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's ’s base salary shall be paid throughout reviewed annually by the yearComp Committee. Executive shall be entitled to such increases in Executive’s base salary, if any, as may be determined from time to time in accordance with normal payroll practices the sole discretion of the CompanyComp Committee. Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.

Appears in 1 contract

Samples: Executive Employment Agreement (Ceco Environmental Corp)

Base Salary. The Executive's While Executive is employed hereunder, the Company will pay Executive a base salary for each Employment Year under this Agreement shall be at the gross annualized rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by 520,000.00 (the Board of Directors. The Executive's base salary shall be “Base Salary”), paid throughout the year, in accordance with normal the Company’s usual payroll practices practices. The Base Salary will be subject to review annually and may be adjusted upwards in the discretion of the CompanyBoard. The Company will deduct from each such installment any amounts required to be deducted or withheld under applicable law or under any employee benefit plan in which Executive participates.

Appears in 1 contract

Samples: Executive Employment Agreement (Kindred Biosciences, Inc.)

Base Salary. The During the Term, in exchange for Executive's base salary for each Employment Year under this Agreement shall ’s satisfactory performance of his duties and responsibilities Executive will initially be paid a Base Salary at the rate of $494,004 290,000 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the year, payable in accordance with normal payroll practices the Company’s regular salary payment schedule and subject to applicable taxes and withholdings. The Base Salary of the Executive for subsequent years of this Agreement may be increased, decreased, or may stay the same, depending on the Executive’s performance and the performance of the Company.

Appears in 1 contract

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

Base Salary. The Executive's While Executive is employed hereunder, Company shall pay Executive a base salary for each Employment Year under this Agreement shall be at the annual rate of wo hundred seventy thousand dollars ($494,004 per annum. Such base salary may be increased based on 270,000.00) (the “Base Salary”), payable in substantially equal periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the year, installments in accordance with normal Company’s payroll practices of the Companyas in effect from time to time. Company shall deduct from each such installment all amounts required to be deducted or withheld under applicable law or under any employee benefit plan in which Executive participates.

Appears in 1 contract

Samples: Executive Employment Agreement (NewHold Investment Corp.)

Base Salary. The Executive's base Company shall pay Executive a salary for each Employment Year under this Agreement shall be at the rate of $494,004 180,000 per annum. Such base salary may be increased based on periodic reviews by year of employment hereunder (the Board of Directors“Base Salary”). The Executive's base salary Base Salary shall be paid throughout the year, payable in accordance with normal the payroll practices policies of the CompanyCompany as from time to time in effect (but no less often than monthly), less such deductions as shall be required to be withheld by applicable law and regulations. The Board shall review Executive’s performance each year this Agreement is in effect and, in its sole discretion, may decide whether to increase Executive’s Base Salary.

Appears in 1 contract

Samples: Employment Agreement (Rock Energy Resources, Inc.)

Base Salary. The Executive's While Executive is employed by the Company, the Company will pay Executive a base annual salary for each Employment Year under this Agreement shall be (the “Base Salary”) at the rate of $494,004 448,050 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the year, paid in accordance with normal the usual payroll practices of the Company. Executive’s Base Salary shall be reviewed periodically for potential increases pursuant to Company review policies applicable to senior executives by the Compensation Committee of the Board (the “Compensation Committee”) or the Board.

Appears in 1 contract

Samples: Employment Agreement (OptiNose, Inc.)

Base Salary. The Executive's Company will pay the Executive a base salary for each Employment Year under this Agreement shall be at the an annual rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the year520,000, payable in accordance with normal the Company’s usual payroll practices practices. The Compensation Committee of the CompanyBoard may increase the base salary annually in its discretion. The annual rate of the Executive’s base salary as in effect from time to time is referred to herein as “Base Salary.

Appears in 1 contract

Samples: Executive Compensation Agreement (PharmaCyte Biotech, Inc.)

Base Salary. The Executive's During the Employment Term, the Company shall pay Executive a base salary for each Employment Year under this Agreement shall be at the annual rate of $494,004 per annum500,000. Such Executive’s base salary may shall be increased based on periodic reviews by payable in accordance with the Board usual payroll practices of Directorsthe Company. The Executive's base salary shall be paid throughout subject to annual review by the yearBoard, in accordance with normal payroll practices but shall not be reduced. The base salary as determined as aforesaid from time to time shall constitute "base salary" for purposes of the Companythis Agreement.

Appears in 1 contract

Samples: Employment Agreement (Commvault Systems Inc)

Base Salary. The In consideration of the services of Executive's , Employer shall pay to Executive a base salary for each Employment Year under this Agreement of $600,000 per annum, together with such increases as the Board of Directors of Employer may from time to time approve in its sole discretion (but such shall be at the rate of $494,004 per annum. Such base salary may be increased based on periodic reviews reviewed by the Board of Directors. The Executive's base salary shall be paid throughout the yearat least annually), in equal installments in accordance with normal the customary payroll practices of the CompanyEmployer (“Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Enterprise Bancorp Inc /Ma/)

Base Salary. The Executive's For all the services rendered by Executive hereunder, the Company shall pay Executive a base salary for each Employment Year under this Agreement shall be (“Base Salary”) at the annual rate of $494,004 per annum275,000.00, less applicable taxes and withholdings, payable bi-weekly in installments at such times as the Company customarily pays its other senior level executives. Such base salary may Executive’s Base Salary shall be increased based on periodic reviews reviewed annually for appropriate increases by the Board of Directors. The Executive's base salary shall be paid throughout Board, CEO, or compensation committee pursuant to the year, in accordance with normal payroll practices of the Companyperformance review policies for senior level executives.

Appears in 1 contract

Samples: Employment Agreement (NxStage Medical, Inc.)

Base Salary. The Executive's While Executive is employed by the Company, the Company will pay Executive a base annual salary for each Employment Year under this Agreement shall be (the “Base Salary”) at the rate of $494,004 450,000.00 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the year, paid in accordance with normal the usual payroll practices of the CompanyCompany as it is earned. Executive’s Base Salary shall be reviewed periodically for potential increases pursuant to Company policies applicable to senior Executives by the Compensation Committee of the Board (the “Compensation Committee”) or the Board.

Appears in 1 contract

Samples: Employment Agreement (OptiNose, Inc.)

Base Salary. The Executive's During the Employment Term, the Company agrees to pay Executive a base salary for each Employment Year under this Agreement shall be at the an annual rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the year700,000, payable in accordance with normal the regular payroll practices of the Company. Executive’s base salary shall be subject to annual review by the Board (or a committee thereof), and may be increased from time to time by the Board. The base salary as determined herein and adjusted from time to time shall constitute “Base Salary” for purposes of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Holley Inc.)

Base Salary. The Executive's During the Employment Term, the Company shall pay Executive an initial base salary for each Employment Year under this Agreement shall be at the annual rate of $494,004 per annum405,000, payable in regular installments in accordance with the Company’s usual payment practices. Such Executive’s base salary may be increased based on periodic reviews by in the sole discretion of the Compensation Committee of the Board of Directors(the “Committee”). The Executive's ’s annual base salary shall be paid throughout salary, as in effect from time to time, is hereinafter referred to as the year, in accordance with normal payroll practices of the Company“Base Salary.

Appears in 1 contract

Samples: Employment Agreement (Shattuck Labs, Inc.)

Base Salary. The Executive's During the Employment Term, the Company shall pay Executive a base salary for each Employment Year under this Agreement shall be at the annual rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the year205,000, payable in regular installments in accordance with normal payroll the Company’s usual payment practices but not less often than monthly. Executive shall be entitled to a performance and compensation review not less often than annually at which time compensation may be adjusted as may be determined in the sole discretion of the CompanyBoard. Executive’s annual base salary, as in effect is hereinafter referred to as the “Base Salary.

Appears in 1 contract

Samples: Employment Agreement (Rub Music Enterprises, Inc.)

Base Salary. The During the term hereof, the Executive's ’s base salary for each Employment Year under this Agreement (the “Base Salary”) shall be paid in accordance with the Corporation’s regular payroll practices in effect from time to time, but not less frequently than in monthly installments. As of the Effective Date, the Executive’s Base Salary shall be at the an annualized rate of $494,004 per annum400,000. Such base salary During the term hereof, the Corporation may be increased based on periodic reviews by review and adjust the Board Executive’s rate of Directors. The Executive's base salary shall be paid throughout the year, in accordance with normal payroll practices of the CompanyBase Salary from time to time.

Appears in 1 contract

Samples: Employment Agreement (Amplitude Healthcare Acquisition Corp)

Base Salary. The Executive's base In consideration for the services performed by Executive during the Employment Period, the Company shall pay to Executive an annual salary for each Employment Year under this Agreement shall be at the rate (“Base Salary”) of $494,004 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors675,000. The Executive's base salary Base Salary shall be paid throughout the year, in approximately equal installments in accordance with normal payroll practices of the Company.’s customary payroll practices. Executive’s Base Salary shall be reviewed at least annually during the Employment Period for possible adjustment. The term Base Salary, as utilized in this Agreement, shall refer to Base Salary as it may be adjusted. 000-0000-0000/5

Appears in 1 contract

Samples: Employment Agreement (Insys Therapeutics, Inc.)

Base Salary. The Executive's Company shall pay the Executive a base salary for each Employment Year under this Agreement shall be at the an annualized rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by 385,000, payable in equal biweekly installments in accordance with the Board of DirectorsCompany’s customary payroll practices. The Executive's ’s base salary salary, option grants, and total bonus shall be paid throughout reviewed annually by the year, in accordance with normal payroll practices Compensation Committee of the CompanyBoard. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.

Appears in 1 contract

Samples: Executive Employment Agreement (Cytosorbents Corp)

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Base Salary. The Executive's base Company will pay salary for each Employment Year under this Agreement shall be to Executive at the an annual rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the year120,000, in accordance with normal its regular payroll practices practices. The Board will review Executive's salary at least annually. The Board, acting in its discretion, may increase (but may not decrease) the annual rate of the CompanyExecutive's salary in effect at any time.

Appears in 1 contract

Samples: Employment Agreement (Universal Property Development & Acquisition Corp)

Base Salary. The Executive's While Executive is employed hereunder, Company shall pay Executive a base salary for each Employment Year under this Agreement shall be at the annual rate of two hundred seventy-five thousand dollars ($494,004 per annum. Such base salary may be increased based on 275,000.00) (the “Base Salary”), payable in substantially equal periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the year, installments in accordance with normal Company’s payroll practices of the Companyas in effect from time to time. Company shall deduct from each such installment all amounts required to be deducted or withheld under applicable law or under any employee benefit plan in which Executive participates.

Appears in 1 contract

Samples: Executive Employment Agreement (NewHold Investment Corp.)

Base Salary. The In consideration of the performance of Executive's base ’s duties hereunder, the Company will pay to Executive during the Term, and Executive agrees to accept from the Company, an annual salary for each Employment Year under this Agreement shall be at the rate of $494,004 per annum. Such base salary may be increased based on 225,000.00 (the “Base Salary”), payable in periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the year, installments in accordance with normal the Company’s customary payroll practices practices, subject to the terms and conditions of this Agreement. Executive’s Base Salary may be increased, but not decreased, at the discretion of the Company.

Appears in 1 contract

Samples: Executive Employment Agreement (Energy & Exploration Partners, Inc.)

Base Salary. The Executive's base Company shall pay Executive a salary for each Employment Year under this Agreement shall be at the rate equivalent to an annual salary of $494,004 per annum. Such base salary may be increased based on 620,000, which the Company shall pay to Executive in periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the year, installments in accordance with normal the Company’s customary payroll practices of the Companyand applicable wage payment laws. Executive’s salary set forth in this section and as in effect from time to time, is hereinafter referred to as “Base Salary.

Appears in 1 contract

Samples: Executive Employment Agreement (GAN LTD)

Base Salary. The Company shall pay to Executive an annual base salary for his services hereunder of Two hundred fifty thousand dollars ($250,000) from January 1st, 2003 through June 30th, 2005, less such deductions as shall be required to be withheld by applicable law and regulations. Executive's base salary for each Employment Year under this Agreement shall be at is hereinafter referred to as the rate of $494,004 per annum"Base Salary". Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout in substantially equal installments on a basis consistent with the year, in accordance with normal Company's payroll practices of the Companyfor employees in similar positions.

Appears in 1 contract

Samples: Employment Agreement (Steven Madden, Ltd.)

Base Salary. The Executive's Company shall, during the Employment Term, pay the Executive an annual base salary for each Employment Year under this Agreement shall be at the rate of $494,004 per annum420,000 (pro rated for the period of the year that the Executive is actually employed by the Company). Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the year, in accordance with normal the usual payroll practices procedures of the Company, less applicable withholding and salary deductions.

Appears in 1 contract

Samples: Retention and Change of Control Agreement (Seitel Inc)

Base Salary. The Executive's base During the Term of Employment, the Company agrees to pay to Executive a salary for each Employment Year under this Agreement shall be at the rate of $494,004 259,615 per annum, payable in bi-weekly installments or otherwise in accordance with the normal payroll procedures of the Company. Such base annual salary shall be subject to annual review and may be increased based on periodic reviews by adjusted upward from time to time in the Board sole discretion of Directorsthe Board. The Executive's base salary annual salary, including any periodic adjustments made from time to time, shall be paid throughout the year, referred to in accordance with normal payroll practices of the Companythis Agreement as "Base Salary."

Appears in 1 contract

Samples: Employment Agreement (Phoenix Racing Inc)

Base Salary. The Executive's While Executive is employed hereunder, Executive shall earn a base salary for each Employment Year under this Agreement shall be at the annual rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by 410,000.00 (the Board of Directors“Base Salary”). The Executive's base salary Base Salary shall be paid throughout the yearpayable in substantially equal periodic installments, on a bi- monthly basis, in accordance with normal Company’s payroll practices of the Companyas in effect from time to time. Company shall deduct from each such installment all amounts required to be deducted or withheld under applicable law or under any employee benefit plan in which Executive participates.

Appears in 1 contract

Samples: Executive Employment Agreement (X4 Pharmaceuticals, Inc)

Base Salary. The Executive's base salary for each During the Employment Year under this Agreement shall be at the rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The Period, Executive's base salary shall be paid throughout $385,000 per annum, payable by the year, Company in regular installments in accordance with normal payroll practices of the Company's general payroll practices, less taxes and other applicable withholdings, and subject to review and increase from time to time by the Board or the Compensation Committee thereof (the "Committee"), in either case, in its discretion (as modified from time to time, the "Base Salary").

Appears in 1 contract

Samples: Employment Agreement (Gastar Exploration Inc.)

Base Salary. The During the term of the Executive's base salary for each Employment Year ’s employment under this Agreement Agreement, the Executive shall be paid an annual salary at the rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by 375,000 (the Board of Directors. The Executive's base salary shall be paid throughout the year“Base Salary”), payable in accordance with normal the Company’s payroll practices and policies in effect from time to time and subject to applicable withholding of income taxes, social security taxes and other such other payroll deductions as are required by law or applicable employee benefit programs. The Board shall review the CompanyExecutive’s Base Salary for annual increases, commencing with the Base Salary for the 2020 calendar year.

Appears in 1 contract

Samples: Employment Agreement (Virpax Pharmaceuticals, Inc.)

Base Salary. The Company shall pay to Executive a base salary of $280,000 per year, payable in accordance with the Company's normal payroll schedule and procedures for its executives. Executive's base salary for each Employment Year under this Agreement Base Salary shall be subject to at the rate of $494,004 per annum. Such base salary least annual review and may be increased based on periodic reviews by the Board of Directors. The (but not decreased without Executive's base salary express written consent or unless any decrease applies to Senior Officers). Nothing contained herein shall be paid throughout preclude the year, in accordance with normal payroll practices payment of the Companyany other compensation to Executive at any time.

Appears in 1 contract

Samples: Employment Agreement (Parker Drilling Co /De/)

Base Salary. The Executive's During the Term, Employer shall pay to Executive base salary for each Employment Year under this Agreement shall be at the rate of $494,004 234,150 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the yearyear (“Base Salary”), less normal withholdings, payable in accordance with normal Employer’s payroll practices practices. The Board of Directors shall review Executive’s Base Salary annually and shall determine any necessary adjustments to the CompanyBase Salary based on such review. Such adjusted salary then shall become Executive’s Base Salary for purposes of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (First Bancshares Inc /MS/)

Base Salary. The Company shall pay to Executive a Base Salary equal to $411,530.86 annually during the Employment Term. The Base Salary shall be payable in accordance with the Company's customary payroll practices and procedures and shall be prorated for any partial year during the Employment Term. Executive's base salary for each Employment Year under this Agreement Base Salary shall be at the rate of $494,004 per annum. Such base salary may be increased based on periodic reviews reviewed no less frequently than annually by the Board of Directors. The Directors of the Company to determine whether or not such Base Salary should be adjusted in light of Executive's base salary shall be paid throughout the yearduties, in accordance with normal payroll practices of the Companyresponsibilities, and performance.

Appears in 1 contract

Samples: Employment Agreement (Source Interlink Companies Inc)

Base Salary. The Executive's base Company agrees to pay to Executive as a salary for each during the Term of Employment Year under this Agreement shall be at the rate sum of $494,004 1,380,000 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the year, payable in accordance with the normal payroll practices of the Company in the United States as in effect from time to time. The Board shall review, and may adjust in its sole discretion, such base salary no less often than annually; provided, however, that the first such review shall be following the close of the Company’s 2024 fiscal year. Executive’s annual base salary rate, as in effect from time to time, is hereinafter referred to as the “Base Salary.

Appears in 1 contract

Samples: Employment Agreement (DXC Technology Co)

Base Salary. The Executive's For services to be rendered hereunder, Executive shall receive a base salary for each Employment Year under this Agreement shall be at the rate of $494,004 370,000 per annumyear (the “Base Salary”), less standard payroll 1. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the year, deductions and withholdings and payable in accordance with normal payroll practices of the Company’s regular payroll schedule; provided that, effective March 1, 2018, Executive’s Base Salary shall be $380,000 per year. The Company’s Board of Directors (the “Board”) (or the Compensation Committee thereof) may review Executive’s Base Salary for adjustment from time to time.

Appears in 1 contract

Samples: Executive Employment Agreement (Tocagen Inc)

Base Salary. The Executive's For all the services rendered by Executive hereunder, the Company shall pay Executive a base salary for each Employment Year under this Agreement shall be (“Base Salary”) at the annual rate of $494,004 per annum450,000, payable bi-weekly in installments at such times as the Company customarily pays its other senior level executives. Such base salary may Executive’s Base Salary shall be increased based on periodic reviews reviewed annually for appropriate increases by the Board of Directors. The Executive's base salary shall be paid throughout the year, in accordance with normal payroll practices or Compensation Committee of the CompanyBoard pursuant to the normal performance review policies for senior level executives.

Appears in 1 contract

Samples: Employment Agreement (Auxilium Pharmaceuticals Inc)

Base Salary. The Executive's base salary for each During the Employment Year under this Agreement shall be at the rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary Term, Executive shall be paid throughout the year, an annual base salary of $750,000 (“Base Salary”). The Base Salary shall be payable in accordance with normal the Company’s regular payroll practices as then in effect. During the Employment Term, the Base Salary will be reviewed annually and is subject to increase, but not decrease (except in connection with comparable decreases in the base salaries of other similarly situated executives of the Company), at the discretion of the Chief Executive Officer of the Company and the Talent and Compensation Committee of the Board (the “Committee”).

Appears in 1 contract

Samples: Employment Agreement (Bausch & Lomb Corp)

Base Salary. The Executive's base salary for each Employment Year under this Agreement shall be at the rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout composed of the yearfollowing: (i) SALARY. During the Term, the Company shall pay to Executive as compensation for his services an annual salary of $450,000 payable semi-monthly ("Salary"). Executive's Salary will be payable in arrears in accordance with the Company's normal payroll practices of the Companyprocedures and will be reviewed annually and subject to upward adjustment as provided in paragraph 3(a)(iii) below.

Appears in 1 contract

Samples: Employment Agreement (Lamonts Apparel Inc)

Base Salary. The During the Term, in exchange for Executive's base salary for each Employment Year under this Agreement shall ’s satisfactory performance of Executive’s duties and responsibilities, Executive will be paid a Base Salary at the rate of $494,004 350,000 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the year, payable in accordance with normal payroll practices the Company’s regular salary payment schedule and subject to applicable taxes and withholdings. The Base Salary of the Executive for subsequent years of this Agreement may be increased, decreased, or may stay the same, depending on the Executive’s performance and the performance of the Company.

Appears in 1 contract

Samples: Executive Employment Agreement (PDS Biotechnology Corp)

Base Salary. The Executive's During the Employment Term, the Company shall pay Executive a base salary for each Employment Year under this Agreement shall be at the annual rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the year290,000, payable in regular installments in accordance with normal payroll practices the Company’s usual payment practices. Executive shall be entitled to such increases (but not decreases) in Executive’s base salary, if any, as may be determined on an annual basis in the sole discretion of the CompanyBoard. Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.

Appears in 1 contract

Samples: Employment Agreement (Serena Software Inc)

Base Salary. The Executive's For all services rendered by the Executive under this Agreement, the Employer shall pay the Executive an annual base salary for each Employment Year under this Agreement shall be at the rate of $494,004 370,000 per annumyear (the "Base Salary''). Such base salary The Base Salary may be increased based on periodic reviews by anytime thereafter at the discretion of the Board of Directors. The Board of Directors shall review the Executive’s performance and the appropriateness of the Base Salary no less often than annually. The Executive's base salary shall be paid throughout the year, payable in accordance with normal payroll practices of the CompanyEmployer to the officers of the Employer.

Appears in 1 contract

Samples: Employment Agreement (Access National Corp)

Base Salary. The Executive's Company shall pay to Executive a base salary of $375,000 per year, payable in accordance with the Company’s normal payroll schedule and procedures for each Employment Year under this Agreement its executives. Executive’s Base Salary shall be subject to at the rate of $494,004 per annum. Such base salary least annual review and may be increased based on periodic reviews by (but not decreased during the Board Employment Period without Executive’s express written consent or unless any decrease applies to Senior Officers). Nothing contained herein shall preclude the payment of Directors. The Executive's base salary shall be paid throughout the year, in accordance with normal payroll practices of the Companyany other compensation to Executive at any time.

Appears in 1 contract

Samples: Employment Agreement (Parker Drilling Co /De/)

Base Salary. The Executive's base salary for each During the Employment Year under this Agreement shall be at the rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary Term, Executive shall be paid throughout the year, an annual base salary of $600,000 (“Base Salary”). The Base Salary shall be payable in accordance with normal the Company’s regular payroll practices as then in effect. During the Employment Term, the Base Salary will be reviewed annually and is subject to increase, but not decrease (except in connection with comparable decreases in the base salaries of other similarly situated executives of the Company), at the discretion of the Chief Executive Officer of the Company and the Talent and Compensation Committee of the Board (the “Committee”).

Appears in 1 contract

Samples: Employment Agreement (Bausch & Lomb Corp)

Base Salary. The Executive's Executive will be paid a base salary for each Employment Year under this Agreement shall be at the rate of $494,004 420,000 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the yearannum (“Base Salary”), payable in accordance with normal payroll practices the Company’s regular salary payment schedule and subject to applicable taxes and withholdings. The Base Salary of the Executive for subsequent years of this Agreement may be increased, decreased, or may stay the same, depending on the Executive’s performance and the performance of the Company.

Appears in 1 contract

Samples: Executive Employment Agreement (PDS Biotechnology Corp)

Base Salary. The Executive's Company shall pay Executive an annual base salary for each Employment Year under this Agreement shall be at the rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the year320,000 (“Base Salary”), payable in accordance with normal the general payroll practices of the Company. The Board will review Executive’s performance and Base Salary annually and may, in its sole discretion, increase Executive’s Base Salary or may decrease it by up to 10 percent if there is a similar salary reduction affecting substantially all senior executive officers of the Company.

Appears in 1 contract

Samples: Employment Agreement (Great Lakes Dredge & Dock CORP)

Base Salary. The Executive's During the Term, the Company shall pay to the ----------- Executive an annual base salary for each Employment Year under this Agreement shall be at the rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors300,000. The Executive's base salary shall be paid throughout in substantially equal installments on a basis consistent with the yearCompany's payroll practices. The Executive's base salary, as in effect at any time, is hereinafter referred to as the "Base Salary." The Compensation Committee of the Board (the "Compensation Committee") shall review Executive's performance on an annual basis and may increase the Executive's Base Salary, in accordance with normal payroll practices of the Companyits sole discretion, as it deems appropriate.

Appears in 1 contract

Samples: Employment Agreement (Esg Re LTD)

Base Salary. The Executive's Company will pay to Executive during the Term a base salary for each Employment Year under this Agreement shall be at the annual rate of $494,004 per annum265,000 ("Annual Base Salary") in effect at the Effective Date, payable in cash in substantially equal monthly installments during each calendar year, or portion thereof, of the Term and otherwise in accordance with the Company's usual payroll practices with respect to senior executives. Such base salary Executive's Annual Base Salary shall be reviewed by the Company at least once in each calendar year and may be increased based on periodic reviews by above, but may not be reduced below, the Board then-current rate of Directors. The Executive's such base salary shall be paid throughout the year, in accordance with normal payroll practices of the Companysalary.

Appears in 1 contract

Samples: Employment Agreement (Walbro Corp)

Base Salary. The During the term of the Executive's base employment with ----------- the Company, the Executive will receive a salary for each Employment Year under this Agreement shall be at the rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by 500,000 annually (the Board of Directors"Base Salary"), payable in equal installments not less than bi- ----------- weekly in arrears. The Executive's base salary Company shall withhold from compensation payable to the Executive all applicable federal, state and local withholding taxes. The Base Salary will be paid throughout the year, in accordance with normal payroll practices of the Companysubject to annual consumer price adjustments.

Appears in 1 contract

Samples: Employment Agreement (Sycamore Park Convalescent Hospital)

Base Salary. The Executive's For all the services rendered by the Executive hereunder, the Company shall pay the Executive a base salary for each Employment Year under this Agreement shall be at the annual rate of $494,004 285,000 plus an automobile allowance of $1,100 per annum. Such base salary may be increased based on periodic reviews by calendar month ("Base Salary"), payable in installments at such times as the Board of DirectorsCompany customarily pays its other senior level officers (but in any event no less often than monthly). The Executive's base salary Base Salary shall be paid throughout reviewed and may be appropriately adjusted by the year, in accordance with Board pursuant to its normal payroll practices of the Companyperformance review policies for senior level officers.

Appears in 1 contract

Samples: Employment Agreement (Animas Corp)

Base Salary. The In consideration of the performance of Executive's base ’s duties hereunder, the Company will pay to Executive during the Term, and Executive agrees to accept from the Company, an annual salary for each Employment Year under this Agreement shall be at the rate of $494,004 per annum. Such base salary may be increased based on 450,000.00 (the “Base Salary”), payable in periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the year, installments in accordance with normal the Company’s customary payroll practices practices, subject to the terms and conditions of this Agreement. Executive’s Base Salary may be increased, but not decreased, at the discretion of the Company.

Appears in 1 contract

Samples: Executive Employment Agreement (Energy & Exploration Partners, Inc.)

Base Salary. The Executive's Company will pay to Executive for services provided hereunder an initial base salary for each Employment Year under this Agreement shall be at the annualized rate of $494,004 per annum. Such 240,000, which base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary shall will be paid throughout the year, in accordance with the Company’s normal payroll practices of the Companypolicies and procedures (“Base Salary”). The Company will review Executive’s performance on an annual basis and determine any adjustments to Executive’s Base Salary in its sole discretion.

Appears in 1 contract

Samples: Executive Employment Agreement (Proto Labs Inc)

Base Salary. The During the term hereof, the Executive's ’s base salary for each Employment Year under this Agreement (the “Base Salary”) shall be paid in accordance with the Corporation’s regular payroll practices in effect from time to time, but not less frequently than in monthly installments. As of the Effective Date, the Executive’s Base Salary shall be at the an annualized rate of $494,004 per annum455,274.59. Such base salary During the term hereof, the Corporation may be increased based on periodic reviews by review and adjust the Board Executive’s rate of Directors. The Executive's base salary shall be paid throughout the year, in accordance with normal payroll practices of the CompanyBase Salary from time to time.

Appears in 1 contract

Samples: Employment Agreement (Amplitude Healthcare Acquisition Corp)

Base Salary. The Executive's From the Effective Date and during the remainder of the Employment Term, the Company shall pay Executive a base salary for each Employment Year under this Agreement shall be at the rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the year1,350,000 annually, payable in regular installments in accordance with normal payroll practices the Company's usual payment practices. Executive may be entitled to increases in his base salary in the sole discretion of the CompanyBoard, which shall make such determinations following its annual review process for executives. Executive's annual base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.

Appears in 1 contract

Samples: Employment Agreement (Energy Future Holdings Corp /TX/)

Base Salary. The During the term of Executive's ’s employment with the Company pursuant to this Agreement, the Company shall pay to Executive as compensation for his services an annual base salary for each Employment Year under this Agreement shall of not less than $267,000 (“Base Salary”). Executive’s Base Salary will be at the rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the year, payable in arrears in accordance with the Company’s normal payroll practices procedures and will be reviewed annually and subject to upward adjustment at the discretion of the CompanyChief Executive Officer and Compensation Committee, but will not be lowered except in connection with reductions applied to all executive officers.

Appears in 1 contract

Samples: Employment Agreement (Arris Group Inc)

Base Salary. The Executive's base Executive shall receive an annual salary for each Employment Year under this Agreement shall be at the rate of $494,004 per annum375,000 paid in accordance with the Company’s payroll practices, as in effect from time to time, plus a one-time signing bonus of $10,000. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base Base salary shall be paid throughout subject to review on at least an annual basis by the year, in accordance with normal payroll practices CEO. Executive understands that no further compensation will be given for his acting as an officer or shareholder of any Affiliate of the Company or any division or branch of the Company.

Appears in 1 contract

Samples: Employment Agreement (Natures Sunshine Products Inc)

Base Salary. The Executive's Company shall pay to Executive a base salary of $425,000 per year, payable in accordance with the Company’s normal payroll schedule and procedures for each Employment Year under this Agreement its executives. Executive’s Base Salary shall be subject to at the rate of $494,004 per annum. Such base salary least annual review and may be increased based on periodic reviews by (but not decreased during the Board Employment Period without Executive’s express written consent). Nothing contained herein shall preclude the payment of Directors. The Executive's base salary shall be paid throughout the year, in accordance with normal payroll practices of the Companyany other compensation to Executive at any time.

Appears in 1 contract

Samples: Employment Agreement (Parker Drilling Co /De/)

Base Salary. The In consideration of the performance of Executive's base ’s duties hereunder, the Company will pay to Executive during the Term, and Executive agrees to accept from the Company, an annual salary for each Employment Year under this Agreement shall be at the rate of $494,004 per annum. Such base salary may be increased based on 250,000.00 (the “Base Salary”), payable in periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the year, installments in accordance with normal the Company’s customary payroll practices practices, subject to the terms and conditions of this Agreement. Executive’s Base Salary may be increased, but not decreased, at the discretion of the Company.

Appears in 1 contract

Samples: Executive Employment Agreement (Energy & Exploration Partners, Inc.)

Base Salary. The During Executive's ’s employment with the Company, the Company shall pay Executive a base salary for each Employment Year under this Agreement at the annual rate of two hundred eighty thousand dollars ($280,000), less payroll deductions and withholdings, which shall be at the rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by the Board of Directors. The Executive's base salary shall be paid throughout the year, payable in accordance with normal the standard payroll practices of the Company. Executive’s base salary shall be subject to periodic review and adjustment by the Board from time to time in the discretion of the Board.

Appears in 1 contract

Samples: Employment Agreement (Signal Genetics, Inc.)

Base Salary. The During the Executive's base employment, the Company agrees to pay, and the Executive agrees to accept, as the Executive's salary for each Employment Year under this Agreement shall all services to be rendered by the Executive hereunder, a salary at a monthly rate of $ 12,500.00 ("BASE SALARY"), payable at the rate of $494,004 per annum. Such base salary may be increased based on periodic reviews by same time that the Board of DirectorsCompany pays its employees generally. The Executive's base salary shall be paid throughout Base Salary is subject to annual increases in the year, in accordance with normal payroll practices sole discretion of the CompanyBoard.

Appears in 1 contract

Samples: Employment Agreement (Usn Corp)

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