Basic Salary. For all your services rendered under this Agreement, UO shall pay you a salary at an annual rate of no less than $450,000, or at such higher salary as may be determined by your performance review and the Executive Vice President, Human Resources, Legal & Business Affairs, UPR. Such higher salary shall subsequently be deemed the annual rate, commencing on such date as the Executive Vice President, Human Resources, Legal & Business Affairs, UPR may determine, for purposes of this Agreement.
Basic Salary. As of the date of this Agreement, the Executive’s annual base salary (“Salary”) is $300,000. Executive’s Salary may be increased from time to time based on merit or such other considerations as the Compensation Committee of the Board (“Compensation Committee”) may deem appropriate, and prior to a Change in Control (as defined in Section 4.8 herein) may be reduced as part of a general across the board Salary reduction that is applicable to all senior executives with comparable responsibility, title or stature. The Salary shall be payable in periodic installments in accordance with the Company’s regular payroll practices as in effect from time to time.
Basic Salary. The Company shall pay Employee, as compensation for all of the services to be rendered by him hereunder during each Employment Year, a salary of $88,000 per Employment Year (as adjusted upward by the Board from time to time) (the "Basic Salary"), payable in substantially equal monthly payments, less such deductions or amounts as are required to be deducted or withheld by applicable laws or regulations, deductions for employee contributions to welfare benefits provided by the Company to Employee and such other deductions or amounts, if any, as are authorized by Employee. The Basic Salary shall be prorated for the month in which employment by the Company or a Subsidiary commences or terminates, and for any Employment Year which is less than twelve (12) months in duration. The Basic Salary may be increased from time-to-time by the Board (without Employee's participation as a director) and, once increased, shall not thereafter be reduced. The Basic Salary shall be reviewed at least once in every Employment Year by a committee of the Board responsible for determining compensation of senior management of the Company, each of the members of which is a "non-employee-director" as defined in Rule 16b-3 of the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended (the "Committee"). Any increase in Basic Salary shall not serve to offset or reduce any other obligation to Employee under this Agreement.
Basic Salary. (a) During the Employment the Company shall pay the Executive a Basic Salary of not less than £150,000 per annum. The Basic Salary shall accrue from day to day and be payable by credit transfer in equal monthly instalments in arrears on or around the last day of each calendar month or otherwise as arranged from time to time.
(b) The Basic Salary shall be inclusive of all director’s fees (if any) to which the Executive may become entitled including all remuneration and director’s fees in respect of services rendered by the Executive to any Group Company.
Basic Salary. The Company shall pay to the Employee a base salary during the term of this Agreement in accordance with the amount set forth on Schedule A hereof. This amount may be increased as determined by the Company through an amendment to Schedule A.
Basic Salary. The Corporation will pay the Employee during the ------------ term hereof for all services to be rendered hereunder a basic salary at the rate of two hundred thousand dollars ($200,000) per annum from the Effective Date through December 31, 2000; two hundred five thousand dollars ($205,000) per annum from January 1, 2001 through December 31, 2001; and two hundred ten thousand dollars ($210,000) per annum from January 1, 2002 to December 31, 2002. The foregoing basic salary shall be paid in such regular installments as are applied generally to salary period payments to other employees of the Corporation, but in no event less than twice monthly.
Basic Salary. During the term set forth in Section 2, above, the Corporation shall pay Executive a basic salary, payable in accordance with the Corporation's standard payroll practices, as follows: $235,664, per annum for the period from the Effective Date through September 30, 1996 and $249,803, per annum, thereafter. Executive's salary may be reviewed from time to time by the Board, to increase the amount of such salary. Executive's salary shall not be reduced during the term of this Agreement. Any increased salary shall become Executive's basic salary for purposes of this Agreement.
Basic Salary. As a compensation for the duties to be performed by the Executive hereunder, the Company will pay the Executive a base salary at an annual rate of $175,000 per year through the first anniversary of the Effective Date, and such annual salary shall thereafter during the three year term hereof increase effective as of the first day of each succeeding 12-month period by the greater of (i) the change in the consumer price index during the preceding 12-month period, or (ii) such other amount as the Board in its discretion determines to be appropriate. The Executive's base salary shall be payable in accordance with the customary payroll practices of the company as in effect from time to time during the period of employment.
Basic Salary. Employee shall, during the Employment Period, receive a basic annual salary of not less than his salary in effect as of the Effective Date, subject to such adjustments as the CEO shall make at the beginning of each year (hereinafter called the "Basic Salary") payable monthly.
Basic Salary. The Company shall pay Employee, as compensation for all of the services to be rendered hereunder by him during the Term, a salary of one hundred fifty thousand dollars ($150,000) per year (the "Basic Salary"), payable in accordance with the regular payroll practices of the Company for executives, less such deductions oi- amounts as are required to be deducted or withheld by applicable laws or regulations and less such other deductions or amounts, if any, as are authorized by Employee. Such Basic Salary may be increased, but not decreased, from time to time in the sole discretion of the Board of Directors.
