Common use of Fixed Annual Compensation Clause in Contracts

Fixed Annual Compensation. The Company shall pay to Employee salary ("Fixed Annual Compensation") at the rate of $175,000 per annum beginning on December 16, 2011; at the rate of $225,000 per annum beginning on December 16, 2012; and at the rate of $250,000 per annum beginning on December 16, 2013. Fixed Annual Compensation payable to Employee by the Company hereunder shall be paid beginning December 16 of each year during the Term and at such times and in such amounts as the Company may designate in accordance with the Company’s usual salary practices, but in no event less than twice monthly.

Appears in 2 contracts

Samples: Employment Agreement, Executive Employment Agreement (White Smile Global, Inc.)

AutoNDA by SimpleDocs

Fixed Annual Compensation. The Company shall pay to Employee salary ("Fixed Annual Compensation") at the rate of $175,000 96,000 per annum beginning on December 16February 25th, 2011; at 2010, and continuing for the rate term of $225,000 per annum beginning on December 16this agreement, 2012; and at with stated salary for the rate first year of $250,000 per annum beginning on December 16, 2013. the Employment Term to be paid as follows: Fixed Annual Compensation payable to Employee by the Company hereunder shall be paid beginning December 16 February 25th of each year during the Employment Term and at such times and in such amounts as the Company may designate in accordance with the Company’s usual salary practices, but in no event less than twice monthly.

Appears in 2 contracts

Samples: Employment Agreement (Calibert Explorations, Ltd.), Employment Agreement (Calibert Explorations, Ltd.)

Fixed Annual Compensation. The During the Term, the Company shall pay to Employee salary ("Fixed Annual Compensation") at the rate of $175,000 per annum beginning on December 16for the first two Employment Years, 2011; at $200,000 per annum for the rate of third and fourth Employment Years and $225,000 per annum beginning on December 16, 2012; and at for the rate of $250,000 per annum beginning on December 16, 2013fifth Employment Year. Fixed Annual Compensation payable to Employee by the Company hereunder shall be paid beginning December 16 of each year during the Term and at such times and in such amounts as the Company may designate in accordance with the Company’s 's usual salary practices, but in no event less than twice once monthly.

Appears in 1 contract

Samples: Employment Agreement (Overseas Filmgroup Inc)

Fixed Annual Compensation. The Company shall pay to Employee salary ("Fixed Annual Compensation") at the rate of $175,000 per annum beginning on December 16February 1, 20112003; at the rate of $225,000 per annum beginning on December 16February 1, 20122004; and at the rate of $250,000 per annum beginning on December 16February 1, 20132005. Fixed Annual Compensation payable to Employee by the Company hereunder shall be paid beginning December 16 February 1 of each year during the Term and at such times and in such amounts as the Company may designate in accordance with the Company’s 's usual salary practices, but in no event less than twice monthly.

Appears in 1 contract

Samples: Employment Agreement (Viastar Holdings Inc)

AutoNDA by SimpleDocs

Fixed Annual Compensation. The Company shall pay to Employee salary ("Fixed Annual Compensation") at the rate of $175,000 $ 60,000.00 per annum beginning on December 16, 2011; at March 27th 2017 (for the rate month of $225,000 per annum beginning on December 16, 2012March 2017); and at the rate of $250,000 66,000 per annum beginning on December 16March 1st, 20132018. Fixed Annual Compensation payable to Employee by the Company hereunder shall be paid beginning December 16 March 1st of each year during the Term and at such times and in such amounts as the Company may designate in accordance with the Company’s usual salary practices, but in no event less than twice monthly.

Appears in 1 contract

Samples: Employment Agreement (Gpods, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.