Common use of During the Employment Term Clause in Contracts

During the Employment Term. Limited shall pay Executive a base salary at the annual rate of (pound)433,000, payable in regular monthly installments in accordance with the Company's usual payment practiceS, but no later than the last day of each month. The Board shall annually review Executive's base salary and Executive shall be entitled to such increases (but no decreases), if any, as may be determined in the sole discretion of the Board. Executive's annual base salary, as in effect from time to time, is hereinafter referred to as the "Base Salary."

Appears in 2 contracts

Samples: Employment Agreement (TRW Automotive Inc), Employment Agreement (TRW Automotive Inc)

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During the Employment Term. Limited shall pay Executive a base salary at the annual rate of (pound)433,000$1,350,000, payable in regular monthly installments in accordance with the CompanyLimited's usual payment practiceS, but no later than the last day of each monthpractices. The Board shall annually review Executive's base salary and Executive shall be entitled to such increases (but no decreases), if any, as may be determined in the sole discretion of the Board. Executive's annual base salary, as in effect from time to time, is hereinafter referred to as the "Base Salary."

Appears in 2 contracts

Samples: Employment Agreement (TRW Automotive Inc), Employment Agreement (TRW Automotive Inc)

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