Current Cash Compensation. Employer will pay to Employee during the Period of Employment a base annual salary of not less than $180,000 (or such greater amount as may have been approved by the Board of Directors in its sole discretion), payable in substantially equal monthly installments during each calendar year, or portion thereof, of the Period of Employment; provided, however, that Employer agrees to review such base annual salary annually and in light of such review may, in the sole discretion of the Board of Directors of Employer, increase such salary, taking into account such factors as it deems pertinent.
Current Cash Compensation. As compensation for Employee's services hereunder, during the Period of Employment Employee will be entitled to target total compensation at the annual rate of 990,000 DM of which: (i) 66 2/3% shall be base salary, payable in accordance with the Company's payroll practices for senior executives and (ii) 33 1/3% shall be target bonus, payable in accordance with Company's annual bonus plan. Company shall review such target total compensation annually and in light of such review may, in the discretion of the Board of Directors of Company (but shall not be obligated to), increase such target total compensation taking into account any change in Employee's then responsibilities, increases in the cost of living, performance by Employee, and other pertinent factors.
Current Cash Compensation. (a) Base Annual Salary. Employer will pay to Employee during the initial Period of Employment commencing on the 30th day of May, 2003 and ending on the 30th day of May, 2004, a base annual salary of $48,000, payable in substantially equal monthly installments during each calendar year, or portion thereof, of the Period of Employment; provided, however, it is agreed between the parties that the Employer shall review annually, and in light of such review may, in the discretion of the Board of Directors, increase such base annual salary taking into account Employee's then responsibilities, increase in the cost of living, increases in compensation of other executives of Employer and its subsidiaries, increases in salaries of executives of other corporations, performance by Employee, and other pertinent factors.
Current Cash Compensation. As compensation for Employee's services hereunder, during the Period of Employment Employee will be entitled to receive an annual base salary at the rate of $300,000. Employee shall also be entitled to participate in Company's annual bonus plan, under which he or she shall have an annual target bonus opportunity of 100% of Employee's annual rate of base salary as in effect at the beginning of the fiscal year for which the bonus is payable. The Company shall review Employee's annual rate of base salary and target annual bonus opportunity at least annually and, in light of such review, may, in the discretion of the Board of Directors of the Company, (which Board may, for these purposes and all other purposes of this Agreement, delegate to officers of the Company its duties and discretion hereunder) increase either or both such annual base salary or target opportunity. Any such review of Employee's annual compensation shall take into account any change in Employee's responsibilities, increases in the cost of living, performance by the Employee, and other factors that the Board of Directors deems pertinent.
Current Cash Compensation i) Employer will pay to Employee during the Period of Employment a base annual salary of not less than Employee's salary at Micrion as of January 1, 1999 (or such greater amount as may have been approved by the Employer's Board of Directors in its sole discretion), payable in substantially equal monthly installments during each calendar year, or portion thereof, of the Period of Employment; PROVIDED, HOWEVER, that Employer agrees to review such base annual salary annually and in light of such review may, in the sole discretion of the Board of Directors of Employer, increase such salary, taking into account such factors as it deems pertinent.
Current Cash Compensation. As compensation for Employee's services hereunder, during the Period of Employment Employee will be entitled to target total compensation at the annual rate of DM 420,000 (fourhundredandtwentythousand Deutsch Xxxx) of which:
(i) DM 300,000.-- shall be base salary, payable in accordance with the Company's payroll practices for senior executives and
(ii) DM 120,000.-- shall be target bonus, payable in accordance with Company's annual bonus plan. Company shall review such target total compensation annually and in light of such review may, in the discretion of the Chief Executive Officer of Company (but shall not be obligated to), increase such target total compensation taking into account any change in Employee's then responsibilities, increases in the cost of living, performance by Employee, and other pertinent factors.
(iii) The targeted salary is assured for one year on a pro rata basis, e.g. 7.5/12 of DM 420,000 for period February 15 to September 30, 1999 and 4.5/12 of DM 420,000 for FY 1999/00. The 4.5/12 will be balanced with the bonus payment for FY 1999/00.
Current Cash Compensation. Employer shall pay to Employee during the Period of Employment a base annual salary of not less than $750,000 until January 1, 1996, and thereafter not less than $800,000 (or such greater amount as may have been approved by the Board of Directors or the Committee in its sole discretion), payable in substantially equal monthly installments during each calendar year, or portion thereof, of the Period of Employment; provided, however, that Employer agrees to review such base annual salary annually and in light of such review may, in the sole discretion of the Board of Directors of Employer or the Committee, increase such salary, taking into account such factors as it deems pertinent.
Current Cash Compensation. As compensation for Employee's services hereunder, during the Period of Employment Employee will be entitled to target total compensation at the annual rate of $ 300.000,-- of which:
(i) $ 210.000,-- shall be base salary, payable in accordance with the Company's payroll practices for senior executives and
(ii) $ 90.000,-- shall be target bonus, payable in accordance with Company's annual bonus plan. Company shall review such target total compensation annually and in light of such review may, in the discretion of the Board of Directors of Company (but shall not be obligated to), increase such target total compensation taking into account any change in Employee's then responsibilities, increases in the cost of living, performance by Employee, and other pertinent factors.
Current Cash Compensation. As compensation for Employee's services hereunder, during the Period of Employment Employee will be entitled to target total compensation at the annual rate of $253,000 of which: (i) 70% shall be base salary, payable in accordance with the Company's payroll practices for senior executives and (ii) 30% shall be target bonus (pro-rated for the portion of the fiscal year during the Period of Employment), payable if the Employee's personal objectives and the Company's objectives as agreed to by Company's Chief Executive Officer are met.
Current Cash Compensation. Employer shall pay to Employee during the Period of Employment a base annual salary of not less than $500,000 (or such greater amount as may have been approved by the Board of Directors or the Committee in its sole discretion), payable in substantially equal monthly installments during each calendar year, or portion thereof, of the Period of Employment; provided, however, that Employer agrees to review such base annual salary annually and in light of such review may, in the sole discretion of the Board of Directors of Employer or the Committee, increase such salary, taking into account such factors as it deems pertinent.
