Common use of Basic Salary Clause in Contracts

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.

Appears in 2 contracts

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

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Basic Salary. As of the date of this Agreement, the Executive’s annual base salary (“Salary”) is $300,000175,000. 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.

Appears in 1 contract

Samples: Employment Agreement (Lindsay Corp)

Basic Salary. As of the date of this Agreement, the Executive’s annual base salary (“Salary”) is $300,000255,000. 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.

Appears in 1 contract

Samples: Employment Agreement (Lindsay Corp)

Basic Salary. As of the date of this AgreementEffective Date, the Executive’s annual base salary (“Salary”) is will be $300,000402,000. Executive’s Salary may be increased from time to time based on merit or such other considerations as the Human Resources and 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.

Appears in 1 contract

Samples: Employment Agreement (Lindsay Corp)

Basic Salary. As of the date of this Agreement, the Executive’s annual base salary (“Salary”) is $300,000325,000. 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.

Appears in 1 contract

Samples: Employment Agreement (Lindsay Corp)

Basic Salary. As of the date of this AgreementEffective Date, the Executive’s annual base salary (“Salary”) is will be $300,000350,000. Executive’s Salary may be increased from time to time based on merit or such other considerations as the Human Resources and 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.

Appears in 1 contract

Samples: Employment Agreement (Lindsay Corp)

Basic Salary. As of the date of this Agreement, the Executive’s annual base salary (“Salary”) is $300,000239,500. 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.

Appears in 1 contract

Samples: Employment Agreement (Lindsay Corp)

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Basic Salary. As of the date of this Agreement, the Executive’s annual base salary (“Salary”) is $300,000286,000. 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.

Appears in 1 contract

Samples: Employment Agreement (Lindsay Corp)

Basic Salary. As of the date of this Agreement, the Executive’s annual base salary (“Salary”) is $300,000285,000. 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.

Appears in 1 contract

Samples: Employment Agreement (Lindsay Corp)

Basic Salary. As of the date of this Agreement, the Executive’s annual base salary (“Salary”) is $300,000275,000. 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.

Appears in 1 contract

Samples: Employment Agreement (Lindsay Corp)

Basic Salary. As of the date of this Agreement, the Executive’s annual base salary (“Salary”) is $300,000330,000. 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.

Appears in 1 contract

Samples: Employment Agreement (Lindsay Corp)

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