CPI Adjustments. Beginning on the first day of the thirteenth (13th) month after the Effective Time, and on the first day of each twelfth (12th) month thereafter, the Company shall increase the Executive's Base Salary by a minimum amount equal to the Executive's Base Salary in effect during the month (the "Adjustment Month") immediately prior thereto, multiplied by the greater of (i) 5% or (ii) the percentage increase in the Consumer Price Index- United States City Average Urban Wage Earners and Clerical Workers (1967=100) (the "CPI") for the Adjustment Month over the CPI for the twelfth (12th) month preceding the Adjustment Month.
Appears in 2 contracts
Samples: Employment and Non Competition Agreement (Criimi Mae Inc), Employment and Non Competition Agreement (Criimi Mae Inc)
CPI Adjustments. Beginning on the first day of the thirteenth (13th) month after the Effective Time, and on the first day of each twelfth (12th) month thereafter, the Company shall increase the Executive's Base Salary by a minimum an amount equal to the Executive's Base Salary in effect during the month (the "Adjustment Month") immediately prior thereto, multiplied by the greater of (i) 5% or (ii) the percentage increase in the Consumer Price Index- Index-United States City Average Urban Wage Earners and Clerical Workers (1967=100) (the "CPI") for the Adjustment Month over the CPI for the twelfth (12th) month preceding the Adjustment Month.
Appears in 2 contracts
Samples: Employment and Non Competition Agreement (Criimi Mae Inc), Employment and Non Competition Agreement (Criimi Mae Inc)
