Compensation for Employment. (a) The basic annual compensation of the Employee for his employment services to Tufco and to all of its affiliated companies during the Employment Term shall be $150,000 (the "Salary"), which Tufco shall pay to the Employee in accordance with its normal payroll policy. Tufco may adjust the Salary upward on an annual basis as the Board may determine, but the Salary shall not be decreased.
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Samples: Employment Agreement (Tufco Technologies Inc), Employment Agreement (Tufco Technologies Inc)
Compensation for Employment. (a) The basic annual compensation of the Employee for his employment services to Tufco and to all of its affiliated companies during the Employment Term shall be $150,000 156,000 (the "“Salary"”), which Tufco shall pay to the Employee in accordance with its normal payroll policy. Tufco may adjust the Salary upward on an annual basis as the Board may determine, but the Salary shall not be decreased.
Appears in 2 contracts
Samples: Employment Agreement, Employment Agreement (Tufco Technologies Inc)
Compensation for Employment. (a) The basic annual compensation of the Employee for his employment services to Tufco and to all of its affiliated companies during the Employment Term shall be $150,000 200,000 (the "“Salary"”), which Tufco shall pay to the Employee in accordance with its normal payroll policy. Tufco may adjust the Salary upward on an annual basis as the Board may determine, but the Salary shall not be decreased.
Appears in 1 contract
Samples: Agreement (Tufco Technologies Inc)
Compensation for Employment. (a) The basic annual compensation of the Employee for his employment services to Tufco and to all of its affiliated companies during the Employment Term shall be $150,000 170,000 (the "“Salary"”), which Tufco shall pay to the Employee in accordance with its normal payroll policy. Tufco may adjust the Salary upward on an annual basis as the Board may determine, but the Salary shall not be decreased.
Appears in 1 contract
Samples: Agreement (Tufco Technologies Inc)
Compensation for Employment. (a) The basic annual compensation of the Employee for all of his employment services rendered to Tufco and to all of its affiliated companies during the Employment Term shall be $150,000 165,000 (the "“Salary"”), which Tufco shall pay to the Employee in accordance with its normal payroll policypolicies, and less applicable deductions. Tufco may adjust the Salary upward on an annual basis as the Board may determinedetermine in its discretion, but the Salary shall not be decreased.
Appears in 1 contract
Compensation for Employment. (a) The basic annual compensation of the Employee for his employment services to Tufco and to all of its Tufco’s subsidiaries and affiliated companies during the Employment Term shall be $150,000 200,000 (the "“Salary"”), which Tufco shall pay to the Employee in accordance with its normal payroll policyequal monthly installments. Tufco may adjust the Salary salary upward on an annual basis as the Board may determine, but the Salary shall not be decreased.
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