Common use of Compensation of Executive Clause in Contracts

Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $225,000 per annum (the “Base Salary). The Corporation shall review the Base Salary on an annual basis and agrees to increase it by at least 10% per annum, but has no right to decrease the Base Salary.

Appears in 3 contracts

Samples: Employment Agreement (Codesmart Holdings, Inc.), Employment Agreement (First Independence Corp.), Employment Agreement (First Independence Corp.)

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Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments (at the same time as the Corporation pays its other executive officers) during the Term, the sum of $225,000 150,000 per annum (the "Base Salary"), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation shall review the Base Salary on an annual basis and agrees to shall increase it by at least 10% per annum, but has no right to decrease the such Base SalarySalary in its discretion.

Appears in 3 contracts

Samples: Employment Agreement (EnergyTEK Corp.), Employment Agreement (EnergyTEK Corp.), Employment Agreement (EnergyTEK Corp.)

Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $225,000 350,000 per annum (as in effect from time to time, the “Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation shall review the Base Salary on an annual basis and agrees has the right but not the obligation to increase it by at least 10% per annumit, but has no right to decrease the Base Salary.

Appears in 3 contracts

Samples: Employment Agreement (Hoth Therapeutics, Inc.), Employment Agreement (Hoth Therapeutics, Inc.), Employment Agreement (Spherix Inc)

Compensation of Executive. (a) The a)The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $225,000 per annum 50,000 (the “Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation shall review the Base Salary on an annual basis and agrees has the right but not the obligation to increase it by at least 10% per annum, but has no right to decrease the Base Salaryit.

Appears in 2 contracts

Samples: Employment Agreement (Bitfrontier Capital Holdings, Inc.), Employment Agreement (Bitfrontier Capital Holdings, Inc.)

Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $225,000 250,000 per annum (the “Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation shall review the Base Salary on an annual basis and agrees to increase it by at least 10% per annum, but has no right to decrease the Base Salary.

Appears in 2 contracts

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

Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $225,000 300,000 per annum (the “Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation shall review the Base Salary on an annual basis and agrees has the right but not the obligation to increase it by at least 10% per annum, but has no right to decrease the Base Salaryit.

Appears in 2 contracts

Samples: Employment Agreement (Endeavor Ip, Inc.), Employment Agreement (Endeavor Ip, Inc.)

Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $225,000 200,000 per annum (as in effect from time to time, the “Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation shall review the Base Salary on an annual basis and agrees has the right but not the obligation to increase it by at least 10% per annumit, but has no right to decrease the Base Salary.

Appears in 1 contract

Samples: Employment Agreement (Corporate Universe Inc)

Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bihi-weekly installments during the Term, the sum of $225,000 350,000 per annum (as in effect from time to time, the “Base Salary), less such deductions as shall he required to he withheld by applicable law and regulations. The Corporation shall review the Base Salary on an annual basis and agrees has the right but not the obligation to increase it by at least 10% per annumit, but has no right to decrease the Base .Base Salary.

Appears in 1 contract

Samples: Employment Agreement (Hoth Therapeutics, Inc.)

Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of Three Hundred Fifty Thousand Dollars ($225,000 350,000) per annum (as in effect from time to time, the “Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation shall review the Base Salary on an annual basis and agrees has the right but not the obligation to increase it by at least 10% per annumit, but has no right to decrease the Base Salary.

Appears in 1 contract

Samples: Employment Agreement (Silo Pharma, Inc.)

Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $225,000 per annum 140,000 (the “Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation shall review the Base Salary on an annual basis and agrees has the right but not the obligation to increase it by at least 10% per annum, but has no right to decrease such salary shall not be decreased during the Base SalaryTerm.

Appears in 1 contract

Samples: Employment Agreement (Drone Aviation Holding Corp.)

Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his her services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $225,000 per annum 150,000 (the “Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation shall review the Base Salary on an annual basis and agrees has the right but not the obligation to increase it by at least 10% per annum, but has no right to decrease such salary shall not be decreased during the Base SalaryTerm.

Appears in 1 contract

Samples: Employment Agreement (Drone Aviation Holding Corp.)

Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the first three (3) years of the Term, the sum of $225,000 250,000, $300,000 and $350,000, respectively, per annum (as in effect from time to time, the “Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation shall review For the remainder of the Term, the Base Salary on an annual basis and agrees shall be $350,000, provided that the Corporation shall have the right but not the obligation to increase it by at least 10% per annum, but has no right to decrease the Base Salary.

Appears in 1 contract

Samples: Employment Agreement (Dominari Holdings Inc.)

Compensation of Executive. (a) The Corporation shall pay pay, the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments accordance with the Corporation’s regular payroll practices, during the Term, the sum of One Hundred Thousand Dollars ($225,000 100,000) per annum (the “Base Salary), less such deductions as shall be required to be withheld by applicable law. The Corporation shall review the Base Salary shall be increased (but shall not be decreased) on an annual basis and agrees to increase it in an amount determined by at least 10% per annum, but has no right to decrease the Base SalaryBoard.

Appears in 1 contract

Samples: Employment Agreement (Globe Specialty Metals Inc)

Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $225,000 per annum 150,000 (the “Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation shall review the Base Salary on an annual basis and agrees has the right but not the obligation to increase it by at least 10% per annum, but has no right to decrease the Base Salaryit.

Appears in 1 contract

Samples: Employment Agreement (Bitcoin Shop Inc.)

Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $225,000 per annum 135,000 (the “Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation shall review the Base Salary on an annual basis and agrees has the right but not the obligation to increase it by at least 10% per annum, but has no right to decrease the Base Salaryit.

Appears in 1 contract

Samples: Employment Agreement (Bitcoin Shop Inc.)

Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $225,000 60,000 per annum (as in effect from time to time, the “Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation shall review the Base Salary on an annual basis and agrees has the right but not the obligation to increase it by at least 10% per annumit, but has no right to decrease the Base Salary.

Appears in 1 contract

Samples: Employment Agreement (Hoth Therapeutics, Inc.)

Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum an annual salary of $225,000 per annum Two Hundred and Twenty Thousand Dollars (the “Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation shall review the Base Salary on an annual basis and agrees has the right but not the obligation to increase it by at least 10% per annum, but has no right to decrease the Base Salaryit.

Appears in 1 contract

Samples: Employment Agreement (Spherix Inc)

Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $225,000 180,000 per annum (as in effect from time to time, the “Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation shall review the Base Salary on an annual basis and agrees has the right but not the obligation to increase it by at least 10% per annumit, but has no right to decrease the Base Salary.

Appears in 1 contract

Samples: Employment Agreement (Corporate Universe Inc)

Compensation of Executive. (a) The During the Term, the Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly accordance with the Corporation’s customary payroll practices in effect from time to time (except for the first month which shall be paid on or bi-weekly installments during about the TermEffective Date), the sum prorated portion of $225,000 200,000.00 per annum (the “Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation shall review the Base Salary on an annual basis and agrees to increase it by at least 10% per annum, but has no right to decrease the Base Salaryshall make adjustments in its sole discretion.

Appears in 1 contract

Samples: Employment Agreement (Atlas Therapeutics Corp)

Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $225,000 per annum 140,000 (the “Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation shall review the Base Salary on an annual basis and agrees has the right but not the obligation to increase it by at least 10% per annum, but has no right to decrease the Base Salaryit.

Appears in 1 contract

Samples: Employment Agreement (Bitcoin Shop Inc.)

Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his her services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of Seventy-Two Thousand ($225,000 72,000) per annum year (the “Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation shall review the Base Salary on an annual basis and agrees has the right but not the obligation to increase it by at least 10% per annum, but has no right to decrease the Base Salaryit.

Appears in 1 contract

Samples: Employment Agreement (Orbital Tracking Corp.)

Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $225,000 140,000 per annum (the “Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation shall review the Base Salary on an a semi-annual basis and agrees to increase it by at least 10% per annum, but has no right to decrease the Base Salary.

Appears in 1 contract

Samples: Employment Agreement (Wizard World, Inc.)

Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal monthly, semi-monthly or bi-weekly installments during the Term, the sum of $225,000 120,000.00 (one-hundred, twenty thousand) per annum (the “Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation shall review the Base Salary on an annual basis and agrees to shall increase it by such Base Salary at least 10% per annum, but its discretion. The Corporation has no right to decrease the Base Salary.

Appears in 1 contract

Samples: Employment Agreement (Enter Corp)

Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of Two Hundred Fifty Thousand Dollars ($225,000 250,000) per annum (the “Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation shall review the Base Salary on an annual basis and agrees to shall increase it by at least 10% such Base Salary, not less than five percent (5%) per annum, but in its discretion. The Corporation has no right to decrease the Base Salary.

Appears in 1 contract

Samples: Employment Agreement (First Choice Healthcare Solutions, Inc.)

Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his her services hereunder, in equal monthly, semi-monthly or bi-weekly installments during the Term, the sum of $225,000 96,000.00 per annum (the “Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation shall review the Base Salary on an annual basis and agrees to shall increase it by at least 10% per annum, but such Base Salary in its discretion. The Corporation has no right to decrease the Base Salary, without written consent of Executive.

Appears in 1 contract

Samples: Employment Agreement (Enter Corp)

Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $225,000 150,000 per annum (the “Base Salary). The Corporation , less such deductions as shall review the Base Salary on an annual basis be required to be withheld by applicable law and agrees to increase it by at least 10% per annum, but has no right to decrease the Base Salaryregulations.

Appears in 1 contract

Samples: Employment Agreement (Aspen Group, Inc.)

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Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, Term the sum of $225,000 450,000 per annum (the “Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation, or the Compensation Committee of the Corporation (the “Compensation Committee”), shall review the Base Salary on an annual basis annually salary after the initial three year Term and agrees shall have the right but not the obligation to increase it by at least 10% per annum, but has no right make such adjustments to decrease the Base SalarySalary as it deems appropriate in its discretion.

Appears in 1 contract

Samples: Employment Agreement (Dominari Holdings Inc.)

Compensation of Executive. (a) The During the Term, the Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during accordance with the TermCorporation’s standard payroll practices, the sum of $225,000 150,000 per annum (the “Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation shall review the Base Salary on an annual basis and agrees to increase it by at least 10% per annum, but has no right to decrease the Base Salaryshall make adjustments in its sole discretion.

Appears in 1 contract

Samples: Employment Agreement (Empire Sports & Entertainment Holdings Co.)

Compensation of Executive. (a) The Corporation Company shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $225,000 150,000 per annum (the “Base Salary). The Corporation , less such deductions as shall review the Base Salary on an annual basis be required to be withheld by applicable law and agrees to increase it by at least 10% per annum, but has no right to decrease the Base Salaryregulations.

Appears in 1 contract

Samples: Employment Agreement (Aspen Group, Inc.)

Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $225,000 245,000 per annum year (the “Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations. The Base Salary shall be increased annually by 4.5%. Except as provided for herein the Corporation shall review the Base Salary on an annual basis and agrees has the right but not the obligation to increase it by at least 10% per annumit. Further, but has no right to decrease the Executive’s Base SalarySalary may not be decreased during the Term.

Appears in 1 contract

Samples: Employment Agreement (BTCS Inc.)

Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $225,000 450,000 per annum (as in effect from time to time, the “Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation shall review the Base Salary on an annual basis and agrees has the right but not the obligation to increase it by at least 10% per annumit, but has no right to decrease the Base Salary.

Appears in 1 contract

Samples: Employment Agreement (DatChat, Inc.)

Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of Two Hundred and Seventy-Five Thousand Dollars ($225,000 275,000) per annum (the “Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation shall review the Base Salary on an annual basis and agrees has the right but not the obligation to increase it by at least 10% per annumit, but has no right to decrease the Base Salary.

Appears in 1 contract

Samples: Employment Agreement (Health Benefits Direct Corp)

Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $225,000 120,000 per annum (as in effect from time to time, the “Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation shall review the Base Salary on an annual basis and agrees has the right but not the obligation to increase it by at least 10% per annumit, but has no right to decrease the Base Salary.

Appears in 1 contract

Samples: Employment Agreement (Uppercut Brands, Inc.)

Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, Term on accordance with the Corporation’s payroll practices the sum of $225,000 350,000 per annum (the “Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation Board, or the Compensation Committee of the Board (the “Compensation Committee”), shall review the Base Salary on an annual basis annually and agrees shall have the right but not the obligation to increase it by at least 10% per annum, but has no right make such adjustments to decrease the Base SalarySalary as it deems appropriate in its discretion.

Appears in 1 contract

Samples: Employment Agreement (Dominari Holdings Inc.)

Compensation of Executive. (a) The a)The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $225,000 per annum 100,000 (the “Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation shall review the Base Salary on an annual basis and agrees has the right but not the obligation to increase it by at least 10% per annum, but has no right to decrease the Base Salaryit.

Appears in 1 contract

Samples: Employment Agreement (Bitfrontier Capital Holdings, Inc.)

Compensation of Executive. (a) The Corporation shall pay pay, the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments accordance with the Corporation’s regular payroll practices, during the Term, the sum of One Hundred Fifty Thousand Dollars ($225,000 150,000) per annum (the “Base Salary), less such deductions as shall be required to be withheld by applicable law. The Corporation shall review the Base Salary shall be increased (but shall not be decreased) on an annual basis and agrees to increase it in an amount determined by at least 10% per annum, but has no right to decrease the Base SalaryBoard.

Appears in 1 contract

Samples: Employment Agreement (Globe Specialty Metals Inc)

Compensation of Executive. (a) The Corporation Company shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $225,000 180,000 per annum (the “Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation Board of Directors of the Parent shall review the Base Salary on an annual basis and agrees has the right but not the obligation to increase it by at least 10% per annumincrease, but has no right to decrease not decrease, the Base Salary.

Appears in 1 contract

Samples: Executive Employment Agreement (Orbital Tracking Corp.)

Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his services hereunderhereunder , in equal semi-monthly or bi-weekly installments during the Term, the sum of $225,000 500,000 per annum (as in effect from time to time, the "Base Salary"), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation shall review the Base Salary on an annual basis and agrees has the right but not the obligation to increase it by at least 10% per annumit, but has no right to decrease the Base Salary.

Appears in 1 contract

Samples: Employment Agreement (AIkido Pharma Inc.)

Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his her services hereunder, in equal semi-monthly or bi-weekly installments during the Term, per the sum of $225,000 per annum following schedule (the “Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations and monthly advances against the salary. The Corporation shall review the Base Salary on an annual basis and agrees has the right but not the obligation to increase it by at least 10% per annumit, but has no right to decrease such salary shall not be decreased during the Base SalaryTerm.

Appears in 1 contract

Samples: Employment Agreement (Safe Pro Group Inc.)

Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $225,000 per annum 160,000 (the “Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation shall review the Base Salary on an annual basis and agrees has the right but not the obligation to increase it by at least 10% per annum, but has no right to decrease the Base Salaryit.

Appears in 1 contract

Samples: Employment Agreement (Bitcoin Shop Inc.)

Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, Term in accordance with the Corporation’s payroll practices the sum of $225,000 350,000 per annum (the “Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation Board, or the Compensation Committee of the Board (the “Compensation Committee”), shall review the Base Salary on an annual basis annually and agrees shall have the right but not the obligation to increase it by at least 10% per annum, but has no right to decrease the Base SalarySalary as it deems appropriate in its discretion.

Appears in 1 contract

Samples: Employment Agreement (Dominari Holdings Inc.)

Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $225,000 1.00 (one dollar) per annum (the “Base Salary). The Corporation , less such deductions as shall review the Base Salary on an annual basis be required to be withheld by applicable law and agrees to increase it by at least 10% per annum, but has no right to decrease the Base Salaryregulations.

Appears in 1 contract

Samples: Employment Agreement (Enter Corp)

Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $225,000 190,000 per annum year (the “Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations. The Base Salary shall be increased annually by 4.5%. Except as provided for herein the Corporation shall review the Base Salary on an annual basis and agrees has the right but not the obligation to increase it by at least 10% per annumit. Further, but has no right to decrease the Executive’s Base SalarySalary may not be decreased during the Term.

Appears in 1 contract

Samples: Employment Agreement (BTCS Inc.)

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