Common use of CEO Base Salary Clause in Contracts

CEO Base Salary. The Company shall pay to Executive during and with respect to the Employment Period, and Executive agrees to accept, annual base salary (“Base Salary”) equal to $450,000, payable on a semi-monthly basis in accordance with the standard payroll practices of the Company. Base salary will be re-evaluated on an annual basis and subject to a merit increase, pursuant to the normal practices of the Company.

Appears in 5 contracts

Samples: Employment Agreement (Signal Genetics, Inc.), Employment Agreement (Signal Genetics LLC), Employment Agreement (Signal Genetics LLC)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!