Common use of Compensation of Executive Clause in Contracts

Compensation of Executive. 4.1. During the term of this Agreement, the Company shall pay Executive a salary (the "Base Salary") of Two Hundred Forty One Thousand Five Hundred Dollars ($241,500) per year, payable in regular periodic payments in accordance with Company policy. Such salary shall be prorated for any partial year of employment on the basis of a 365-day year."

Appears in 2 contracts

Samples: Employment Agreement (Cypros Pharmaceutical Corp), Employment Agreement (Cypros Pharmaceutical Corp)

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Compensation of Executive. 4.1. During the term of this Agreement, the Company shall pay Executive a salary (the "Base Salary") of Two One Hundred Forty One Eighty-Five Thousand Five Hundred Dollars ($241,500185,000) per year, payable in regular periodic payments in accordance with Company policy. Such salary shall be prorated for any partial year of employment on the basis of a 365-365- day fiscal year."

Appears in 1 contract

Samples: Employment Agreement (Cypros Pharmaceutical Corp)

Compensation of Executive. 4.1. During the term of this Agreement, the Company shall pay Executive a salary (the "Base Salary") of Two One Hundred Forty One Twenty Thousand Five Hundred Dollars ($241,500120,000) per year, payable in regular periodic payments in accordance with Company policy. Such salary shall be prorated for any partial year of employment on the basis of a 365-day fiscal year."

Appears in 1 contract

Samples: Employment Agreement (Cypros Pharmaceutical Corp)

Compensation of Executive. 4.1. 4.1 During each fiscal year during the term of this Agreement, the Company shall pay Executive a salary (the "Base Cash Salary") of Two Hundred Forty One Thousand Five Hundred Dollars ($241,500) 2,000 per yearmonth, payable in regular periodic payments in accordance with standard Company policypayroll procedures. Such salary Base Salary shall be prorated for any partial year of employment on the basis of a 365-365 day fiscal year."

Appears in 1 contract

Samples: Executive Employment Agreement (1st Net Technologies Inc)

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Compensation of Executive. 4.1. During the term of this Agreement, the Company shall pay Executive a salary (the "Base Salary") of Two Hundred Forty One Sixteen Thousand Five Hundred Dollars ($241,500216,500) per year, payable in regular periodic payments in accordance with Company policy. Such salary shall be prorated for any partial year of employment on the basis of a 365-day year."

Appears in 1 contract

Samples: Employment Agreement (Cypros Pharmaceutical Corp)

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