Common use of Base Salary Clause in Contracts

Base Salary. The Company shall pay the Executive an annualized base salary of $340,000.00 in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 3 contracts

Samples: Employment Agreement, Employment Agreement (Replimune Group, Inc.), Employment Agreement (Replimune Group, Inc.)

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Base Salary. The Company shall pay During the Employment Term, subject to the Executive’s continued employment hereunder, the Executive shall be paid an annualized base salary Base Salary of US $340,000.00 600,000 (or foreign currency equivalent), payable in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthlymonthly installments. The Executive’s base salary Base Salary shall be reviewed at least annually subject to annual review by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”Company.

Appears in 3 contracts

Samples: Employment, Non Competition and Pledge Agreement (Greenhill & Co Inc), Employment, Non Competition and Pledge Agreement (Greenhill & Co Inc), Employment, Non Competition and Pledge Agreement (Greenhill & Co Inc)

Base Salary. The Executive’s annual base salary will be $370,000.00 (the “Base Salary”), which shall be paid ratably by the Company shall pay to the Executive an annualized base salary of $340,000.00 in periodic installments each month in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, practices as in effect from time to time. The Base Salary shall be reviewed on an annual basis following the 2015 calendar year and may be increased (but not decreased) by the Board, is hereinafter referred to with any such increase taking effect as “Base Salary”of the first day of the applicable calendar year.

Appears in 3 contracts

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

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 275,000.00 in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s annual base salary shall may be reviewed at least annually increased from time to time by the Board and the Board mayCompensation Committee, but shall may not be required to, increase decreased without the base salary during the Employment TermExecutive’s written consent. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 3 contracts

Samples: Penko Ivanov Employment Agreement (Bankwell Financial Group, Inc.), David Dineen Employment Agreement (Bankwell Financial Group, Inc.), Employment Agreement (Bankwell Financial Group, Inc.)

Base Salary. The Company shall pay the Executive an annualized annual base salary of $340,000.00 220,000 annually, $150,000 of which will be payable in periodic installments in accordance with the Company’s customary regular payroll practices, but no less frequently than semiand $70,000 of which will be paid in lump sum at the end of the then-monthlycurrent fiscal year, or, in the sole discretion of the Board, prorated over the one year period upon completion of a financing. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 2 contracts

Samples: Employment Agreement (Recovery Energy, Inc.), Employment Agreement (Recovery Energy, Inc.)

Base Salary. The Company shall will pay the Executive an annualized annual base salary (“Base Salary”) of Two Hundred Thousand Dollars ($340,000.00 200,000), payable in periodic substantially equal monthly or more frequent installments in accordance with the Company’s normal and customary payroll practices, but no less frequently than semi-monthly. The Board may review and further adjust Executive’s base salary shall be reviewed at least annually by the Board Base Salary from time to time in its sole and the Board mayabsolute discretion, but shall not be required to, increase the base salary provided that during the Employment Term. The Period the Company may not decrease Executive’s annual base salary, as Base Salary below the amount set forth in effect from time to time, is hereinafter referred to as this section. Any such increased Base Salary shall be and become the “Base Salary” for purposes of this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Professional Diversity Network, LLC), Employment Agreement (Professional Diversity Network, LLC)

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 800,000 in periodic installments in accordance with the Company’s customary payroll practicespractices and applicable wage payment laws, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, may increase or decrease the Executive’s base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary..

Appears in 2 contracts

Samples: Employment Agreement (Dragonfly Energy Holdings Corp.), Employment Agreement (Dragonfly Energy Holdings Corp.)

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of USD $340,000.00 240,000, in periodic installments in accordance with the Company’s customary payroll practicespractices and applicable wage payment laws, but no less frequently than semibi-monthlyweekly. The Executive’s base salary shall be reviewed at least annually by the Board and Compensation Committee of the Board may(the “Compensation Committee”). However, but shall the Executive’s base salary may not be required to, increase the base salary decreased during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 2 contracts

Samples: Employment Agreement (Planet 13 Holdings Inc.), Employment Agreement (Planet 13 Holdings Inc.)

Base Salary. The Company shall pay Commencing as of the Effective Date, the Executive shall be paid an annualized base salary Base Salary of $340,000.00 in periodic installments 330,000, payable in accordance with the regular payroll practices of the Company’s customary payroll practices, but . The Base Salary shall be reviewed no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by for increase in the Board and discretion of the Board mayCEO and, but shall not be required toif applicable, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”Board.

Appears in 2 contracts

Samples: Employment Agreement (Ikon Office Solutions Inc), Employment Agreement (Ikon Office Solutions Inc)

Base Salary. The Company shall pay the Executive an annualized Executive’s annual base salary of (“Base Salary”) will continue to be $340,000.00 in periodic installments 284,000, less payroll deductions and all required withholdings, payable in accordance with the Company’s customary normal payroll practices, but no less frequently than semi-monthly. The Board or a committee of the Board shall review Executive’s base salary shall Base Salary periodically and any adjustments to Executive’s Base Salary, if any, will be reviewed made solely at least annually by the discretion of the Board and or a committee of the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”Board.

Appears in 2 contracts

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

Base Salary. The Company shall pay Executive’s annualized Base Salary as of the Executive an annualized base salary date of this Agreement is $340,000.00 in periodic installments 550,000, payable in accordance with the regular payroll practices of the Company’s customary payroll practices, but . The Base Salary shall be reviewed no less frequently than semi-monthly. The annually, and any changes thereto (which shall thereafter be deemed the Executive’s base salary Base Salary) shall be reviewed at least annually by solely within the Board and discretion of the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”Board.

Appears in 2 contracts

Samples: Employment Agreement (Vertex Pharmaceuticals Inc / Ma), Employment Agreement (Vertex Pharmaceuticals Inc / Ma)

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 400,000 (Four Hundred Thousand Dollars) in periodic installments in accordance with the Company’s 's customary payroll practicespractices and applicable wage payment laws, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall may not be required to, increase the base salary decreased during the Employment TermTerm other than as part of an across-the-board salary reduction that applies in the same manner to all senior executives. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary..

Appears in 2 contracts

Samples: Employment Agreement (Reviva Pharmaceuticals Holdings, Inc.), Employment Agreement (Tenzing Acquisition Corp.)

Base Salary. The Company shall pay to the Executive an annualized base annual salary of $340,000.00 (the “Base Salary”) payable in periodic substantially equal installments at such intervals as may be determined by the Company in accordance with the Company’s customary its ordinary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect established from time to time. The Base Salary shall be reviewed annually and increased as appropriate for market changes, commencing effective January 1, 2024. Executive annualized Base Salary as of the Effective Date is hereinafter referred to as “$320,000. The Base Salary”Salary shall not be decreased by the Company except with the prior written consent of the Executive.

Appears in 2 contracts

Samples: Employment Agreement (First Western Financial Inc), Employment Agreement (First Western Financial Inc)

Base Salary. The Company shall pay the Executive an annualized annual base salary of $340,000.00 450,000.00 in periodic installments in accordance with the Company’s customary payroll practicespractices and applicable wage payment laws, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary during the Employment Termat its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary..

Appears in 2 contracts

Samples: Employment Agreement (Angion Biomedica Corp.), Employment Agreement (Elicio Therapeutics, Inc.)

Base Salary. The Company shall pay the Executive an annualized during the Term a ----------- base salary at the rate of $340,000.00 in periodic installments 250,000 per annum (the "Annual Salary"), in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthlypractices of the Company applicable to senior executives. The Executive’s base salary Annual Salary shall be reviewed at least annually by the Board and Compensation Committee of the Board may(the "Compensation Committee"), but shall not be required to, increase the base salary decreased during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 2 contracts

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

Base Salary. The During the Employment Term, the Company shall pay the Executive an annualized annual base salary of $340,000.00 375,000 per annum in periodic installments cash (the “Annual Base Salary”). Executive’s Annual Base Salary will be subject to annual review by the Board. The Annual Base Salary due to Executive hereunder shall be paid in accordance with the Company’s customary general Company payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 2 contracts

Samples: Employment Agreement (Hospitality Investors Trust, Inc.), Employment Agreement (Hospitality Investors Trust, Inc.)

Base Salary. The Company shall pay to the Executive an annualized base annual salary of $340,000.00 (the “Base Salary”) payable in periodic substantially equal installments at such intervals as may be determined by the Company in accordance with the Company’s customary its ordinary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect established from time to time. The Base Salary shall be reviewed by the Board of Directors annually, and increased as appropriate, for market changes. Commencing effective as of the Effective Date, Executive’s annualized Base Salary is hereinafter referred to as “$350,000. The Base Salary”Salary shall not be decreased by the Company except with the prior written consent of the Executive.

Appears in 2 contracts

Samples: Employment Agreement (First Western Financial Inc), Employment Agreement (First Western Financial Inc)

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 275,000 US in periodic installments in accordance with the Company’s customary payroll practicespractices and applicable wage payment laws, but no less frequently than semi-monthly. The Executive’s 's base salary shall be reviewed at least annually by the by the compensation committee of the Board (the “Compensation Committee”) and the Board Compensation Committee may, but shall not be required to, increase the Executive’s base salary during the Employment Term. The Executive’s annual base salary shall be adjusted to $300,000 US on January 1, 2021. Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary..

Appears in 2 contracts

Samples: Employment Agreement (Profire Energy Inc), Employment Agreement (Profire Energy Inc)

Base Salary. The During the Term, Company shall will pay the Executive an annualized a base salary of equal to $340,000.00 123,000 per annum, payable in periodic equal bi-weekly or semi-monthly installments in accordance with the Company’s customary 's payroll practices, but no less frequently than semi-monthlysystem. The Executive’s base salary shall be reviewed Board will review, at least annually annually, the Executive's compensation with a view to increasing it if, in the sole judgment of the Board, the performance of the Company, the services of the Executive and compensation paid by other companies engaged in businesses comparable to the Board and business of the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as Company to executives in effect from time to time, is hereinafter referred to as “Base Salary”comparable positions merit such an increase.

Appears in 2 contracts

Samples: Employment Agreement (Cell Robotics International Inc), Employment Agreement (Cell Robotics International Inc)

Base Salary. The Company shall pay Executive's annualized Base Salary as of the Executive an annualized base salary date of this Agreement is $340,000.00 in periodic installments 298,700.00, payable in accordance with the regular payroll practices of the Company’s customary payroll practices, but . The Base Salary shall be reviewed no less frequently than semi-monthly. The annually, and any changes thereto (which shall thereafter be deemed the Executive’s base salary 's Base Salary) shall be reviewed at least annually by solely within the Board and discretion of the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”Board.

Appears in 2 contracts

Samples: Employment Agreement (Vertex Pharmaceuticals Inc / Ma), Employment Agreement (Vertex Pharmaceuticals Inc / Ma)

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 in periodic installments in accordance 400,000. Such base salary shall be paid consistently with the Company’s customary payroll then current pay practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the (but not decrease) base salary then in effect during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 2 contracts

Samples: Employment Agreement (PLX Pharma Inc.), Employment Agreement (Dipexium Pharmaceuticals, Inc.)

Base Salary. The During the Term, the Company shall will pay the Executive an annualized annual base salary of at least $340,000.00 in periodic installments in accordance with 558,800 for each twelve-month period of the Company’s customary payroll practices, Term. The base salary shall be reviewed for increase (but not decrease) by the Compensation Committee (the “Committee”) of the Board no less frequently than semi-monthlyannually. The Executive’s base salary shall be reviewed at least annually by payable in accordance with the Board and normal payroll procedures of the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”Company.

Appears in 2 contracts

Samples: Employment Agreement (Infinity Property & Casualty Corp), Employment Agreement (Infinity Property & Casualty Corp)

Base Salary. The As of the Effective Date, the Company shall pay the Executive an annualized base annual salary rate of Three Hundred Sixty-Five Thousand Dollars ($340,000.00 in periodic installments in accordance 365,000), with such amounts to be paid on a bi-weekly basis (“Base Salary”) pursuant to the Company’s customary standard payroll practices, but no less frequently than semi-monthly. The Executive’s base salary Base Salary shall be reviewed at least annually by for consideration of appropriate merit increases and, once established, the Board and the Board may, but Base Salary shall not be required to, increase the base salary decrease during the Employment Term. The Term without the consent of Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 2 contracts

Samples: Executive Employment Agreement (Affirmative Insurance Holdings Inc), Executive Employment Agreement (Affirmative Insurance Holdings Inc)

Base Salary. The During the Term, the Company shall pay the to Executive an annualized base salary of $340,000.00 in periodic installments 600,000 (the “Base Salary”), payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s customary standard payroll practices, but no not less frequently than semi-monthly. The Executive’s base salary shall Base Salary will be reviewed at least annually by the Board and may be increased (but not decreased without the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time consent) to time, is hereinafter referred to as “Base Salary”reflect the Executive’s performance and responsibilities.

Appears in 2 contracts

Samples: Employment Agreement (Manning & Napier, Inc.), Employment Agreement (Manning & Napier, Inc.)

Base Salary. The Company shall pay the Executive an annualized during the Term a ----------- base salary at the rate of $340,000.00 in periodic installments 400,000 per annum (the "Annual Salary"), in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthlypractices of the Company applicable to senior executives. The Executive’s base salary Annual Salary shall be reviewed at least annually by the Board and Compensation Committee of the Board may(the "Compensation Committee"), but shall not be required to, increase the base salary decreased during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 2 contracts

Samples: Employment Agreement (Siemens Aktiengesellschaft/Adr), Employment Agreement (Efficient Networks Inc)

Base Salary. The Company shall pay the Executive an annualized base salary of $340,000.00 204,000.00 in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 2 contracts

Samples: Employment Agreement (Replimune Group, Inc.), Employment Agreement (Replimune Group, Inc.)

Base Salary. The Company shall pay to the Executive an annualized base annual salary of $340,000.00 (the “Base Salary”) payable in periodic substantially equal installments at such intervals as may be determined by the Company in accordance with the Company’s customary its ordinary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect established from time to time. The Base Salary shall be reviewed annually and increased as appropriate for market changes, commencing effective January 1, 2024. Executive annualized Base Salary as of the Effective Date is hereinafter referred to as “$300,000.48. The Base Salary”Salary shall not be decreased by the Company except with the prior written consent of the Executive.

Appears in 2 contracts

Samples: Employment Agreement (First Western Financial Inc), Employment Agreement (First Western Financial Inc)

Base Salary. The Company Executive shall pay the Executive initially be paid an annualized base salary of $340,000.00 in periodic installments Base Salary, payable in accordance with the regular payroll practices of the Company’s customary payroll practices, but no of $325,000. No less frequently than semi-monthly. The annually, the Executive’s base salary Base Salary shall be reviewed at least annually by the Board and the Board may, Compensation Committee who may (but is not obligated to) adjust such Base Salary in its sole discretion; provided that Base Salary shall not be required to, increase decreased. Any such increased Base Salary shall be the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary” for all purposes under this Agreement.

Appears in 2 contracts

Samples: Employment Agreement, Executive Employment Agreement (SeaWorld Entertainment, Inc.)

Base Salary. The Company shall pay Executive's annualized Base Salary as of the Executive an annualized base salary date of this Agreement is $340,000.00 in periodic installments 458,719.77, payable in accordance with the regular payroll practices of the Company’s customary payroll practices, but . The Base Salary shall be reviewed no less frequently than semi-monthly. The annually, and any changes thereto (which shall thereafter be deemed the Executive’s base salary 's Base Salary) shall be reviewed at least annually by solely within the Board and discretion of the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”Board.

Appears in 2 contracts

Samples: Employment Agreement (Vertex Pharmaceuticals Inc / Ma), Employment Agreement (Vertex Pharmaceuticals Inc / Ma)

Base Salary. The During the Employment Term, the Company shall pay the Executive an annualized a base salary at the annual rate of $340,000.00 450,000 payable in periodic regular installments in accordance with the Company’s customary usual payroll practices, but no less frequently than semi-monthly. The Board shall review Executive’s base salary shall be reviewed at least annually by the Board once per annum, and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is shall hereinafter be referred to as the “Base Salary”.

Appears in 2 contracts

Samples: Employment Agreement (Getty Images Holdings, Inc.), Employment Agreement (Getty Images Holdings, Inc.)

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 500,000 in periodic installments in accordance with the Company’s customary payroll practicespractices and applicable wage payment laws, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, may increase but shall not be required to, increase decrease the Executive’s base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary..

Appears in 2 contracts

Samples: Employment Agreement (La Rosa Holdings Corp.), Employment Agreement (La Rosa Holdings Corp.)

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 [BASE SALARY] in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 2 contracts

Samples: Confidential Information and Invention Assignment Agreement (Workiva Inc), Confidential Information and Invention Assignment Agreement (Workiva LLC)

Base Salary. The During the Employment Term, the Company shall pay the Executive an annualized annual base salary of One Hundred Seventy Five Thousand Dollars ($340,000.00 175,000) (“Base Salary”), payable in periodic regular installments in accordance with the Company’s customary then current payroll practices, but no less frequently than semi-monthly. The At least annually the Board shall review Executive’s base salary shall be reviewed at least annually by the Board performance and the Board may, but shall not be required to, compensation and may increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary, in its sole discretion.

Appears in 2 contracts

Samples: Employment Agreement (Columbia Equity Trust, Inc.), Employment Agreement (Columbia Equity Trust, Inc.)

Base Salary. The Company shall pay During the Executive an annualized term hereof, the Executive’s base salary of $340,000.00 in periodic installments (the “Base Salary”) shall be paid in accordance with the CompanyCorporation’s customary regular payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as practices in effect from time to time, is hereinafter referred but not less frequently than in monthly installments. As of the Effective Date, the Executive’s Base Salary shall be at an annualized rate of $375,000. During the term hereof, the Corporation may review and adjust the Executive’s rate of Base Salary from time to as “Base Salary”time.

Appears in 2 contracts

Samples: Employment Agreement (Ichor Holdings, Ltd.), Employment Agreement (Ichor Holdings, Ltd.)

Base Salary. The Company shall pay Effective as of the Effective Date, the Executive an annualized shall receive a base salary at the annualized rate of $340,000.00 450,000 (the “Base Salary”), paid in periodic equal bi-monthly installments in accordance with the Company’s customary regularly established payroll practices, but no less frequently than semi-monthlyprocedure. The Executive’s base salary Such Base Salary shall be reviewed at least annually by the Board Company’s compensation committee and the Board may, but shall not be required to, increase in the base salary during first quarter of each fiscal year; any adjustment to the Employment Term. The Executive’s annual base salary, Base Salary shall be retroactively effective as in effect from time to time, is hereinafter referred to as “Base Salary”of the first day of such fiscal year.

Appears in 2 contracts

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

Base Salary. The During the Term, the Company shall pay to the Executive an annualized a base salary at an annual rate of not less than $340,000.00 320,000, in periodic substantially equal installments in accordance with the regular payroll practices of the Company’s customary payroll practices, but no not less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually subject to annual review by the Board and Compensation Committee of the Board may(the “Committee”) and may be increased, but shall not be required todecreased, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred time by the Committee. The base salary as determined herein and adjusted from time to as time shall constitute “Base Salary” for purposes of this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Hornbeck Offshore Services Inc /La), Employment Agreement (Hornbeck Offshore Services Inc /La)

Base Salary. The Company shall pay the to Executive an annualized annual base salary of $340,000.00 in periodic installments 380,000 per year (the “Base Salary”), payable in accordance with the Company’s customary usual payroll practices, but practices (and in any event no less frequently than semi-monthly). The Executive’s base salary Base Salary shall be reviewed at least annually subject to an annual review by the Board and following the Board mayEffective Date. In the event of an adjustment to the Base Salary, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as term “Base Salary” shall refer to the adjusted amount.

Appears in 2 contracts

Samples: Employment Agreement (Endologix Inc /De/), Employment Agreement (Endologix Inc /De/)

Base Salary. The Company shall pay Commencing as of the Effective Date, the Executive shall be paid an annualized base salary Base Salary of $340,000.00 in periodic installments 250,000. Such Base Salary shall be payable at intervals in accordance with the Company’s customary regular payroll practices, practices of the Company applicable to senior executives but no less frequently than semi-monthly. The Executive’s base salary Base Salary shall be reviewed at least no less frequently than annually by during the Board and the Board may, but Term of Employment for increases. The Base Salary shall not be required todecreased at any time, increase the base salary or for any purpose, during the Term of Employment Term. The Executive’s annual base salary(including, as in effect from time to timewithout limitation, is hereinafter referred to as “Base Salary”for the purpose of determining benefits due under Section 9).

Appears in 2 contracts

Samples: Employment Agreement (Exchange Applications Inc), Employment Agreement (Exchange Applications Inc)

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 350,000 in periodic installments in accordance with the Company’s customary payroll practicespractices and applicable wage payment laws, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Compensation Committee of the Board (the “Compensation Committee”) and the Board may, but shall not be required to, Compensation Committee may increase the Executive’s base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary..

Appears in 2 contracts

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

Base Salary. The Company shall During the Term, the Bank will pay the to Executive an annualized base salary of $340,000.00 in periodic installments 725,000 per year, payable in accordance with the CompanyBank’s customary normal payroll practices, but no less frequently than semi-monthly. The base salary will be subject to annual review for increase but may not be decreased without Executive’s base salary shall be reviewed at least annually by consent. As used in this Agreement, the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as term “Base Salary” means, as of any given date, Executive’s annualized base salary as of such date.

Appears in 2 contracts

Samples: Employment Agreement (Equity Bancshares Inc), Employment Agreement (Equity Bancshares Inc)

Base Salary. The Company shall pay During the Executive an annualized Term, the Executive’s base salary of $340,000.00 in periodic installments (the “Base Salary”) shall be paid in accordance with the CompanyCorporation’s customary regular payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as practices in effect from time to time, is hereinafter referred but not less frequently than in monthly installments. As of the Effective Date, the Executive’s Base Salary shall be at an annualized rate of $320,000. During the term hereof, subject to as “Section 5, the Corporation will annually (in January of each year commencing in 2016) review and adjust the Executive’s rate of Base Salary.

Appears in 2 contracts

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

Base Salary. The Company shall pay the Executive an annualized annual base salary of AUD $340,000.00 200,000 in periodic installments in accordance with the Company’s customary payroll practicespractices and applicable wage payment laws, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board Compensation Committee of the Board, and the Compensation Committee of the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 2 contracts

Samples: Employment Agreement (Australian Oilseeds Holdings LTD), Employment Agreement (Australian Oilseeds Holdings LTD)

Base Salary. The Company shall pay to the Executive an annualized base annual salary of $340,000.00 (the “Base Salary”) payable in periodic substantially equal installments at such intervals as may be determined by the Company in accordance with the Company’s customary its ordinary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect established from time to time. The Base Salary shall be reviewed by the Board of Directors annually, and increased as appropriate, for market changes. Commencing effective as of the Effective Date, Executive’s annualized Base Salary is hereinafter referred to as “$575,000. The Base Salary”Salary shall not be decreased by the Company except with the prior written consent of the Executive.

Appears in 2 contracts

Samples: Employment Agreement (First Western Financial Inc), Employment Agreement (First Western Financial Inc)

Base Salary. The Company shall pay the Executive an annualized Executive's base salary hereunder shall be ----------- $290,000 a year, payable monthly and prorated for any partial year of $340,000.00 in periodic installments in accordance with the Company’s customary payroll practicesemployment. The Board shall review such base salary at least annually and make such adjustment from time to time as it may deem advisable, but no less frequently than semi-monthly. The Executive’s the base salary shall not at any time be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”less than $290,000 a year.

Appears in 2 contracts

Samples: Employment Agreement (Paragon Health Network Inc), Employment Agreement (Paragon Health Network Inc)

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 250,000 in periodic installments in accordance with under the Company’s 's customary payroll practicespractices and applicable wage payment laws, but no less frequently than semi-monthly. The Compensation Committee of the Board (the “Compensation Committee”) shall review the Executive’s base salary shall be reviewed at least annually by the Board and the Board may, Compensation Committee may increase (but shall not be required to, increase decrease) the Executive's base salary during the Employment Term. The Executive’s 's annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary..

Appears in 2 contracts

Samples: Employment Agreement (Century Casinos Inc /Co/), Employment Agreement

Base Salary. The Company shall pay During the Term, the Executive will receive an annualized annual base salary of $340,000.00 400,000. The Board will review the Executive’s base salary annually and, in periodic installments its discretion, may recommend increases, but not decreases, to the amount of such base salary based upon procedures of the Employer that determine adjustments for other executives of the Employer. The initial annual base salary, together with any increases, shall be the Executive’s annual base salary (“Base Salary”). The Base Salary will be payable in accordance with the CompanyEmployer’s customary regular payroll payment practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 2 contracts

Samples: Employment Agreement (Diamond Hill Investment Group Inc), Employment Agreement (Diamond Hill Investment Group Inc)

Base Salary. The Company shall pay Commencing as of the Effective Date, the Executive shall be paid an annualized base salary Base Salary of $340,000.00 in periodic installments 420,000, payable in accordance with the regular payroll practices of the Company’s customary payroll practices, but . The Base Salary shall be reviewed no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by for increase in the Board and discretion of the Board mayCEO and, but shall not be required toif applicable, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”Board.

Appears in 2 contracts

Samples: Employment Agreement (Ikon Office Solutions Inc), Employment Agreement (Ikon Office Solutions Inc)

Base Salary. The Company shall pay the Executive an annualized Executive’s base salary of $340,000.00 in periodic installments (the “Base Salary”) shall be paid in accordance with the Company’s customary regular payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as practices in effect from time to time, is hereinafter referred to as “but not less frequently than in semi-monthly installments. The Executive’s Base Salary”Salary shall be at an annualized rate of Three Hundred Seventy-Five Thousand Dollars ($375,000.00). The Parent Board will review the Executive’s Base Salary at least annually and, after such review, may increase (but not decrease) the Executive’s Base Salary from the level then in effect.

Appears in 2 contracts

Samples: Employment Agreement (Francesca's Holdings CORP), Employment Agreement (Francesca's Holdings CORP)

Base Salary. The During the Term, the Company shall pay the Executive an annualized annual base salary in the amount of $340,000.00 in periodic installments 1,000,000 (“Base Salary”), less applicable payroll taxes and withholdings, payable in accordance with the Company’s customary normal payroll practices, but no less frequently than semi-monthly. The Company will review Executive’s base salary shall be reviewed at least annually by Base Salary annually, and, in the Board and sole discretion of the Board mayCompany, may increase (but may not decrease) such Base Salary from time to time, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time obligated to time, is hereinafter referred to as “Base Salary”effectuate any increase.

Appears in 2 contracts

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

Base Salary. The During the Employment Term, the Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 400,000 in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board Compensation Committee and the Board Compensation Committee 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 effect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (Vapotherm Inc)

Base Salary. The Company shall pay the Executive an annualized annual base salary of $340,000.00 in periodic installments in accordance with 410,000 (the Company’s “Base Salary”). The Base Salary shall be payable according to the customary payroll practices, practices of the Company but in no event less frequently than semi-monthlyonce every two weeks. The Executive’s base salary Base Salary shall be reviewed at least annually each fiscal period and shall be subject to increase according to the policies and practices adopted by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect Company from time to time, is hereinafter referred to as “Base Salary”and at the discretion of the Board.

Appears in 2 contracts

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

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 340,000 in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthlypractices and applicable wage payment laws. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary..

Appears in 2 contracts

Samples: Employment Agreement (Kura Sushi Usa, Inc.), Employment Agreement (Kura Sushi Usa, Inc.)

Base Salary. The In consideration for the Executive’s services hereunder, the Company shall pay to the Executive an annualized annual base salary in the amount of $340,000.00 in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly150,000 initially. The Executive’s annual base salary shall be reviewed at least annually by the Board Company, and the Board may, but shall not be required to, Company may increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect salary from time to timetime and not decrease it. The Company shall pay annual base salary in accordance with the normal payroll payment practices of the Company and subject to such deductions and withholdings as law or policies of the Company, is hereinafter referred from time to as “Base Salary”time in effect, may require.

Appears in 2 contracts

Samples: Executive Employment Agreement (Future Now Group Inc.), Executive Employment Agreement (Future Now Group Inc.)

Base Salary. The Effective with this Agreement and the Executive’s continued employment hereunder, the Company shall pay the Executive an annualized a base salary at the annualized rate of $340,000.00 400,000, payable in periodic regular installments in accordance with the Company’s customary payroll practicespayment practices from time to time. Executive shall be entitled to annual performance and salary review, but no less frequently than semi-monthly. The Executive’s and any increase in base salary shall be reviewed at least annually by in the Board and sole discretion of the Board may, but shall not be required to, increase Compensation Committee of the base salary during the Employment TermBoard. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary”.

Appears in 2 contracts

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

Base Salary. The During the term of Executive's employment hereunder, the Company shall pay the Executive an annualized annual base salary (the "Base Salary") at the initial annual rate of $340,000.00 225,000, payable in periodic regular installments in accordance with the Company’s customary payroll practices, 's usual payment practices but no less frequently than semi-monthlymonthly during the Employment Term. The Executive’s base salary 's Base Salary shall be reviewed at least annually by for increase in the Board and reasonable discretion of the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”Board.

Appears in 2 contracts

Samples: Employment Agreement (Renaissance Media Capital Corp), Employment Agreement (Renaissance Media Capital Corp)

Base Salary. The Company shall pay the Executive an annualized base salary of $340,000.00 220,000.00 in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 2 contracts

Samples: Employment Agreement (Replimune Group, Inc.), Employment Agreement (Replimune Group, Inc.)

Base Salary. The Company shall pay Commencing as of the Effective Date, the Executive shall be paid an annualized base salary Base Salary of $340,000.00 in periodic installments 300,000. Such Base Salary shall be payable at intervals in accordance with the Company’s customary regular payroll practices, practices of the Company applicable to senior executives but no less frequently than semi-monthly. The Executive’s base salary Base Salary shall be reviewed at least no less frequently than annually by during the Board and the Board may, but Term of Employment for increases. The Base Salary shall not be required todecreased at any time, increase the base salary or for any purpose, during the Term of Employment Term. The Executive’s annual base salary(including, as in effect from time to timewithout limitation, is hereinafter referred to as “Base Salary”for the purpose of determining benefits due under Section 9).

Appears in 2 contracts

Samples: Employment Agreement (American Capital Access Holdings LTD), Employment Agreement (American Capital Access Holdings LTD)

Base Salary. The Company shall pay the to Executive an annualized annual base ----------- salary (the "Base Salary") at the rate of $340,000.00 1,000,000 per annum (or such increased amount as the Board, its sole discretion, from time to time may determine), payable in approximately equal periodic installments in accordance with pursuant to the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by general policy of the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect Company from time to time, is hereinafter referred to as “but not less frequently than monthly. Executive's Base Salary”Salary may not be decreased during the Term of this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Tarrant Apparel Group), Employment Agreement (Tarrant Apparel Group)

Base Salary. The Company shall pay the to Executive an annualized annual base salary of $340,000.00 in periodic installments 350,000 per year (the “Base Salary”), payable in accordance with the Company’s customary usual payroll practices, but practices (and in any event no less frequently than semi-monthly). The Executive’s base salary Base Salary shall be reviewed at least annually subject to an annual review by the Board and following the Board mayEffective Date. In the event of an adjustment to the Base Salary, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as term “Base Salary” shall refer to the adjusted amount.

Appears in 2 contracts

Samples: Employment Agreement (Endologix Inc /De/), Employment Agreement (Endologix Inc /De/)

Base Salary. The During the Term, the Company shall pay the Executive an annualized annual base salary of per year in an amount not less than $340,000.00 in periodic installments 150,000. Such annual base salary shall be payable in accordance with the Company’s 's customary payroll practicespay schedule. During the Term, but no less frequently than semi-monthly. The Executive’s the base salary of Executive shall be reviewed at least annually by the Chief Executive Officer. The Board and of Directors, and/or the Board Compensation Committee, in consultation with the Chief Executive Officer, may, but shall not be required to, increase or decrease the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”but not below the minimum required by this Section.

Appears in 2 contracts

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

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 240,000 in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthlypractices and applicable wage payment laws. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary..

Appears in 2 contracts

Samples: Employment Agreement (Kura Sushi Usa, Inc.), Employment Agreement (Kura Sushi Usa, Inc.)

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Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of USD $340,000.00 200,000 in periodic installments in accordance with the Company’s customary payroll practicespractices and applicable wage payment laws, but no less frequently than semibi-monthlyweekly. The Executive’s base salary shall be reviewed at least annually by the Board and Compensation Committee of the Board may(the “Compensation Committee”). However, but shall the Executive’s base salary may not be required to, increase the base salary decreased during the Employment Term. 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: Employment Agreement (Planet 13 Holdings Inc.)

Base Salary. The During the term of Executive's employment, the Company shall pay the Executive an annualized annual base salary of Two Hundred Fifty Thousand Dollars ($340,000.00 in periodic installments 250,000) (the "Annual Base Salary") payable in accordance with the Company’s customary 's regular payroll practices, but no not less frequently than semi-monthlytwice per month. The Executive’s base salary Annual Base Salary shall be reviewed at least annually by the Board of Directors and may be adjusted upwards (but not downwards) in the sole discretion of the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”of Directors.

Appears in 1 contract

Samples: Employment Agreement (Infocrossing Inc)

Base Salary. The Company shall pay the to Executive an annualized a base salary (“Base Salary”) of $340,000.00 330,000 per year, payable in periodic regular installments in accordance with the payroll policies from time to time in effect at the Company’s customary payroll practices, but no less frequently than semi-monthly. The It is understood that the Company shall review Executive’s base salary shall Base Salary not less than annually, and that the Base Salary may (but not shall) be reviewed at least annually by increased to such greater amount as the Board and the Board mayCompany may deem appropriate, but shall not be required todecreased below the Base Salary set forth herein except temporarily, increase in the base salary during case of a severe reduction in the Employment Term. The ExecutiveCompany’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”sales.

Appears in 1 contract

Samples: Employment Agreement (Unique Fabricating, Inc.)

Base Salary. The Company shall pay the Executive a base salary at an annualized base salary rate of $340,000.00 323,025, payable in periodic equal biweekly installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary salary, option grants, and total bonus shall be reviewed at least annually by the Board and Compensation Committee of the Board may, but shall not be required to, increase the base salary during the Employment TermBoard. 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)

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 575,000 in periodic installments in accordance with the Company’s 's customary payroll practicespractices and applicable wage payment laws, but no less frequently than semi-monthly. The Executive’s 's base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s 's annual base salary, as in effect from time to time, is hereinafter referred to as "Base Salary".

Appears in 1 contract

Samples: Employment Agreement (Electro Scientific Industries Inc)

Base Salary. The Company shall pay the Executive an annualized his current annual base salary of $340,000.00 240,000 in periodic installments in accordance with the Company’s 's customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s 's annual base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary”. The Base Salary will be reviewed at least annually and may be increased at the discretion of the Compensation Committee of the Board.

Appears in 1 contract

Samples: Employment Agreement (Protea Biosciences Group, Inc.)

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 370,000 in periodic installments in accordance with the Company’s customary payroll practicespractices and applicable wage payment laws, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, may increase but shall not be required to, increase decrease the Executive’s base salary during the Employment Term. 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: Employment Agreement (Dragonfly Energy Holdings Corp.)

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 180,000.00 in either case in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter shall be referred to in this Agreement as “Base Salary”.

Appears in 1 contract

Samples: Employment Agreement (Quantum Materials Corp.)

Base Salary. The Company shall pay Executive's annualized Base Salary as of the Executive an annualized base salary date of this Agreement is $340,000.00 in periodic installments 340,018.45, payable in accordance with the regular payroll practices of the Company’s customary payroll practices, but . The Base Salary shall be reviewed no less frequently than semi-monthly. The annually, and any changes thereto (which shall thereafter be deemed the Executive’s base salary 's Base Salary) shall be reviewed at least annually by solely within the Board and discretion of the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”Board.

Appears in 1 contract

Samples: Employment Agreement (Vertex Pharmaceuticals Inc / Ma)

Base Salary. The During the Employment Period, the Company shall pay to the Executive an annualized annual base salary at the rate of $340,000.00 in periodic installments $ 125,000 per annum, payable in accordance with the Company’s customary 's executive payroll practices, but no less frequently than semi-monthlypolicy. The Executive’s Such base salary shall be reviewed at least annually by the Board annually, commencing January 1, 2002, and the Board may, may be increased (but shall not be required todecreased), increase as determined by the base salary during the Employment TermCompany's Compensation Committee. The Executive’s annual 's base salary, as in effect from time to timeincreased hereunder, is hereinafter referred to herein as the "Base Salary."

Appears in 1 contract

Samples: Employment Agreement (Landauer Inc)

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 275,000 in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board 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 effect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 1 contract

Samples: Employment Agreement (Vapotherm Inc)

Base Salary. The Company shall pay to the Executive an annualized base annual salary of $340,000.00 (the “Base Salary”) payable in periodic substantially equal installments at such intervals as may be determined by the Company in accordance with the Company’s customary its ordinary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect established from time to time. The Base Salary shall be reviewed by the Board of Directors annually, is hereinafter referred to and increased as appropriate, for market changes. Executive’s annualized 2019 Base Salary”Salary remains unchanged at $450,000. The Base Salary shall not be decreased by the Company except with the prior written consent of the Executive.

Appears in 1 contract

Samples: Employment Agreement (First Western Financial Inc)

Base Salary. The During the Term, the Company shall pay the Executive an annualized annual base salary of $340,000.00 385,000 (the “Base Salary”), payable in periodic equal biweekly installments or in accordance with the Company’s customary payroll practicespractice as in effect from time to time. For all purposes under this Agreement, but no less frequently than semi-monthlythe term “Base Salary” shall refer to Base Salary as in effect from time to time. The Executive’s base salary Base Salary shall be reviewed at least annually by the Board and Compensation Committee of the Board may, (the “Compensation Committee”) and may be increased but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”decreased.

Appears in 1 contract

Samples: Employment Agreement (TripAdvisor, Inc.)

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of USD $340,000.00 300,000 in periodic installments in accordance with the Company’s customary payroll practicespractices and applicable wage payment laws, but no less frequently than semibi-monthlyweekly. The Executive’s base salary shall be reviewed at least annually by the Board and Compensation Committee of the Board may(the “Compensation Committee”). However, but shall the Executive’s base salary may not be required to, increase the base salary decreased during the Employment Term. 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: Employment Agreement (Planet 13 Holdings Inc.)

Base Salary. The Company shall pay the Executive an annualized annual base salary (the "BASE SALARY") at the initial annual rate of $340,000.00 175,000, payable in periodic equal monthly installments or otherwise in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthlyand personnel practices of the Company from time to time. The Executive’s base salary Base Salary shall be reviewed at least annually by the Board and or a committee thereof to which the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect may from time to timetime have delegated such authority (the "COMMITTEE") for possible increase (but not decrease) in the sole discretion of the Board or the Committee, is hereinafter referred to as “Base Salary”the case may be.

Appears in 1 contract

Samples: Employment Agreement (Donnelley R H Inc)

Base Salary. The Company Commencing as of the Effective Date, Employer shall pay Executive a Base Salary at an annual rate of Two Hundred Ninety Thousand Dollars ($290,000.00), or such other annual rate as may from time to time be approved by the Executive an annualized base salary of $340,000.00 Board. Such Base Salary to be paid in substantially equal regular periodic installments payments in accordance with the Company’s customary Employer's regular payroll practices. If Executive's Base Salary is changed at any time during Executive's employment by Employer, but no less frequently than semi-monthly. The Executive’s base salary the changed amount shall be reviewed at least annually by become the Board and the Board mayBase Salary under this Agreement, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time subject to time, is hereinafter referred to as “Base Salary”any subsequent changes.

Appears in 1 contract

Samples: Executive Employment Agreement (G&k Services Inc)

Base Salary. The During the period of Executive’s employment under this Agreement, the Company shall pay the Executive an annualized annual base salary (“Annual Base Salary”) at an annual rate equal to not less than Four Hundred Fifty Thousand and No/100 Dollars ($450,000.00), which shall be reviewed annually by the Board or the Compensation Committee of $340,000.00 in periodic installments the Board. Executive’s Annual Base Salary shall be paid in accordance with the standard practices for other senior corporate executives of the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. 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: Employment Agreement (Protection One Alarm Monitoring Inc)

Base Salary. The During the period of Executive’s employment under this Agreement, the Company shall pay the Executive an annualized annual base salary (“Annual Base Salary”) at an annual rate equal to not less than Two Hundred Seventy Seven Thousand and No/100 Dollars ($277,000.00), which shall be reviewed annually by the Board or the Compensation Committee of $340,000.00 in periodic installments the Board. Executive’s Annual Base Salary shall be paid in accordance with the standard practices for other senior corporate executives of the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. 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: Employment Agreement (Protection One Alarm Monitoring Inc)

Base Salary. The Company shall pay the Executive an annualized base salary of $340,000.00 in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during During the Employment Term. The Executive’s annual , the Company will pay to the Executive a base salarysalary per annum equal to $273,000.00, which will be reviewed annually, but may not be decreased, except in the event of a reduction in salaries of Company executives generally (as in effect from time to time, is hereinafter referred to as the “Base Salary”). The Base Salary will be payable at the times and in the manner consistent with the Company’s policies regarding compensation of the Company’s executives generally, but in no event less frequently than monthly.

Appears in 1 contract

Samples: Employment Agreement (Empeiria Acquisition Corp)

Base Salary. The Company shall will pay the Executive an annualized annual base salary, which initially is USD$275,000, which base salary as in effect from time to time will be reviewed periodically (at intervals of $340,000.00 in periodic installments in accordance with not more than twelve (12) months) by the Company’s customary payroll practices, but no less frequently than semi-monthlycompensation committee of the Board (the “Compensation Committee”). The Executive’s base salary shall will be reviewed at least annually by paid in accordance with the Board and standard practices for other corporate executives of the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”Company.

Appears in 1 contract

Samples: Employment Agreement (Transenterix, Inc.)

Base Salary. The Company Executive shall pay the Executive an annualized receive a base salary of $340,000.00 in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly250,000 per annum during each full year of employment. The Executive’s base salary shall be reviewed at least annually by the Board Chief Executive Officer and the Board mayCompensation Committee on an annual basis, and, in the sole discretion of the Compensation Committee, such base salary may be increased, but shall not be required todecreased (except with the prior written consent of Executive), increase effective as of any date determined by the Compensation Committee. Executive’s base salary during the Employment Term. The Executiveshall be paid in equal installments in accordance with Company’s annual base salary, as in effect from time standard policy regarding payment of compensation to time, is hereinafter referred to as “Base Salary”executives but no less frequently than monthly.

Appears in 1 contract

Samples: Employment Agreement (Atomera Inc)

Base Salary. (a) The Company shall pay the Executive an annualized annual base salary at the rate of $340,000.00 350,000, in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board Compensation Committee of the Board, and the Board may, may increase (but shall not be required to, increase decrease) the base salary of the Executive during the Employment Term. The Executive’s base salary is also subject to adjustment under Section 5.1(b) below. The Executive’s annual base salary, as in effect from time to time, time during the Term is hereinafter referred to herein as the “Base Salary”.

Appears in 1 contract

Samples: Employment Agreement (BSD Medical Corp)

Base Salary. The Company shall pay the Executive an annualized annual base salary of $340,000.00 350,000. in periodic installments in accordance with the Company’s customary payroll practicespractices and applicable wage payment laws, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s Executive annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 1 contract

Samples: Employment Agreement (Six Flags Entertainment Corp)

Base Salary. The Company shall pay the Executive an annualized A base annual salary of $340,000.00 in periodic installments 518,000, payable in accordance with the CompanyEmployer’s customary payroll practices, but no less frequently than semi-monthlystandard practice for other senior executives. The Executive’s base salary shall be reviewed at least annually subject to annual review by the Board and Board’s Compensation Committee for discretionary periodic increases (but not decreases) in accordance with the Board may, but Employer’s compensation policies. References to “Base Salary” in this Agreement shall not be required to, increase to the base salary during the Employment Term. The Executive’s annual set forth in this Paragraph 4(a) and shall include any increases to such base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 1 contract

Samples: Executive Employment Agreement (GEE Group Inc.)

Base Salary. The Company shall will pay to Executive during the Executive an annualized Term a base salary at the annual rate of $340,000.00 450,000 ("Annual Base Salary") in periodic 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 customary 's usual payroll practices, but no less frequently than semi-monthlypractices with respect to senior executives. The Executive’s base salary 's Annual Base Salary shall be reviewed by the Company at least annually by the Board once in each calendar year and the Board maymay be increased above, but shall may not be required toreduced below, increase the base salary during the Employment Term. The Executive’s annual then-current rate of such base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 1 contract

Samples: Employment Agreement (Walbro Corp)

Base Salary. The Company shall will pay the to Executive an annualized a base salary at the rate of ----------- $340,000.00 250,000 per year. Such salary shall be earned monthly and shall be payable in periodic installments no less frequently than monthly in accordance with the Company’s 's customary payroll practices, but no less frequently than semi-monthly. Amounts payable shall be reduced by standard withholding and other authorized deductions. The Company will review Executive’s base 's salary shall be reviewed at least annually by the Board and the Board may, annually. The Company may in its discretion increase Executive's salary but shall it may not be required to, increase the base salary reduce it during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”term of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Rose Hills Co)

Base Salary. The Commencing on the Effective Date and ------------ continuing during the period of the Executive's employment hereunder, the Company shall pay to the Executive an annualized annual base salary of at a rate not less than $340,000.00 525,000, such salary to be paid in periodic installments in accordance conformity with the Company’s customary payroll practices, 's policies relating to salaried employees. This salary may be (but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall is not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect to be) increased from time to time, is hereinafter referred subject to as “Base Salary”and in accordance with the annual executive performance review procedures of the Company.

Appears in 1 contract

Samples: Employment Agreement (Taylor Ann Stores Corp)

Base Salary. The In consideration for the Executive’s services hereunder, the Company shall pay to the Executive an annualized initial annual base salary in the amount of $340,000.00 in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly. The 134,500 Executive’s annual base salary shall be reviewed at least annually by the Board Company, and the Board may, but shall not be required to, Company may increase the base salary during the Employment Term. The Executive’s annual base salarysalary in its discretion. The Company shall pay an annual base salary in accordance with the normal payroll payment practices of the Company and subject to such deductions and withholdings as law or policies of the Company, as in effect from time to timetime in effect, is hereinafter referred to as “Base Salary”require.

Appears in 1 contract

Samples: Employment Agreement (Ets Payphones Inc)

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 375,000 in periodic installments in accordance with the Company’s customary payroll practicespractices and applicable wage payment laws, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, may increase but shall not be required to, increase decrease the Executive’s base salary during the Employment Term. 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: Employment Agreement (AiAdvertising, Inc.)

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 243,000 in periodic installments in accordance with the Company’s 's customary payroll practices, but no less frequently than semi-monthly. The Board shall review Executive’s 's base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s 's annual base salary, as in effect from time to time, is hereinafter referred to as "Base Salary".

Appears in 1 contract

Samples: Employment Agreement (Cti Industries Corp)

Base Salary. The Company Employer shall pay the Executive an annualized annual base salary of $340,000.00 in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually as established by the Board and the Board may, but shall not be required of Directors from time-to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from -time to time, is hereinafter referred to as (“Base Salary”). Executive’s Base Salary shall be payable in accordance with Employer’s regular payroll schedule, but not less frequently than twice per month. The initial Base Salary shall be $400,000.00 per annum.

Appears in 1 contract

Samples: Executive Employment Agreement (Beyond Air, Inc.)

Base Salary. The During the period of Executive’s employment under this Agreement, the Company shall pay the Executive an annualized annual base salary of (“Annual Base Salary”) at an annual rate equal to not less than Three Hundred Thirty Thousand and No/100 Dollars ($340,000.00 in periodic installments 330,000.00), which shall be reviewed annually by the Board. Executive’s Annual Base Salary shall be paid in accordance with the standard practices for other senior corporate executives of the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. 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: Employment Agreement (Protection One Alarm Monitoring Inc)

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 525,000 in periodic installments in accordance with the Company’s 's customary payroll practicespractices and applicable wage payment laws, but no less frequently than semi-monthly. The Executive’s 's base salary shall be reviewed at least annually by the Board and Compensation Committee of the Board may, but shall not be required to, increase (the base salary “Compensation Committee”) during the Employment Term. The Executive’s 's annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary..

Appears in 1 contract

Samples: Employment Agreement (Natural Gas Services Group Inc)

Base Salary. The For the remainder of 2001 and for 2002, the Company shall pay the Executive an annualized annual base salary of not less than $340,000.00 in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly130,000. The Executive’s Such base salary shall be reviewed at least annually by paid to the Board Executive in accordance with established payroll practices of the Company. For 2003 and for each remaining year of this Agreement, including any renewal term, the Board mayCompany agrees to review the Executive's base salary and to consider implementing changes to such base salary as it may deem appropriate; however, but such base salary shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”less than $130,000.

Appears in 1 contract

Samples: Employment Agreement (Virginia Financial Corp)

Base Salary. The Company shall pay the Executive an annualized A base annual salary of $340,000.00 in periodic installments 345,000, payable in accordance with the CompanyEmployer’s customary payroll practices, but no less frequently than semi-monthlystandard practice for other comparable executives. The Executive’s base salary shall be reviewed at least annually subject to annual review by the Board and for discretionary periodic increases in accordance with the Board may, but Employer’s compensation policies. References to “Base Salary” in this Agreement shall not be required to, increase to the base salary during the Employment Term. The Executive’s annual set forth in this Paragraph 4.A. and shall include any increases to such base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”salary made hereby.

Appears in 1 contract

Samples: Executive Employment Agreement (MPS Group Inc)

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 600,000 in periodic installments in accordance with the Company’s customary payroll practicespractices and applicable wage payment laws, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, may increase but shall not be required to, increase decrease the Executive’s base salary during the Employment Term. 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: Employment Agreement (Star Jets International Inc.)

Base Salary. The Company shall pay the to Executive an annualized a base salary (“Base Salary”) of $340,000.00 189,000 per year, payable in periodic regular installments in accordance with the payroll policies from time to time in effect at the Company’s customary payroll practices, but no less frequently than semi-monthly. The It is understood that the Company shall review Executive’s base salary shall Base Salary not less than annually, and that the Base Salary may (but not shall) be reviewed at least annually by increased to such greater amount as the Board and the Board mayCompany may deem appropriate, but shall not be required todecreased below the Base Salary set forth herein except temporarily, increase in the base salary during case of a severe reduction in the Employment Term. The ExecutiveCompany’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”sales.

Appears in 1 contract

Samples: Employment Agreement (Unique Fabricating, Inc.)

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 75,0000 in periodic installments in accordance with the Company’s 's customary payroll practices, but no less frequently than semi-monthly. The Executive’s 's base salary shall be reviewed at least and renegotiated annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment TermBoard. The Executive’s 's annual base salary, as in effect from time to time, is hereinafter referred to as "Base Salary".

Appears in 1 contract

Samples: Employment Agreement (Rimrock Gold Corp.)

Base Salary. The Company shall pay the Executive an annualized base salary ("Annual Base Salary") of U.S. $340,000.00 in periodic installments in accordance with 750,000, payable pursuant to the Company’s customary regular payroll practicespractices for its executives in effect at the time, but no less frequently than semi-monthlysubject to applicable withholdings and deductions. The Executive’s base salary Annual Base Salary shall be reviewed at least annually by the Board Chief Executive Officer and the Board mayCompensation Committee, but shall not be required tofor increase only, increase at such time as the base salary during salaries of other senior executives of the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”Company are reviewed generally.

Appears in 1 contract

Samples: Employment Agreement (Patheon N.V.)

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