Initial Base Salary Sample Clauses

Initial Base Salary. Paxson and Employee acknowledge and agree that Employee's curr▇▇▇ ▇▇se Salary in effect for the current Employment Year shall be the per year amount set forth in Schedule I hereof. For purposes of this Agreement, "Employment Year" means a calendar year ended December 31.

Initial Base Salary. The Company shall pay Executive an initial pre-tax base salary (“Initial Base Salary”) of $260,000 (Two Hundred Sixty Thousand U.S. Dollars) per annum, less all applicable withholdings, with such Initial Base Salary to be paid in accordance with the Company’s standard payroll practices. The Initial Base Salary has been increased as of November 1, 2019, to $320,000 (Three Hundred Twenty Thousand U.S. Dollars) by mutual agreement.

Initial Base Salary. Beginning on the Approval Date and continuing until the Termination Date, Holdings shall pay Executive a base salary ("Base Salary") at the annual rate of $180,000. The Base Salary shall be payable in accordance with the ordinary payroll practices of Holdings but in no event less often than monthly in arrears.

Initial Base Salary. For all services he may render to the Company ------------------- and its subsidiaries and affiliates during the term of this Agreement, Employee shall be paid a base salary at an annual rate of $420,000 during the Company's 1998 fiscal year (as increased from time to time, the "Base Salary"). ----------- Employee's Base Salary, which shall not be decreased during the term of this Agreement, shall be paid in accordance with the normal payroll practices of the Company.

Initial Base Salary. From the Effective Date until the occurrence of the earlier of (x) the satisfaction of the Capital Deployment Hurdle (as defined herein) or (y) 12 months from the Effective Date, the Company agrees to pay the Employee an annual base salary that initially shall be $150,000 (the “Initial Base Salary”). The Initial Base Salary shall be payable in accordance with the regular payroll practices of the Company.

Initial Base Salary. City shall pay Engeland an annual base salary of Two Hundred Forty-five Thousand and Ninety-five Dollars ($245,095) (“Base Salary”). Salary shall be paid in bi-weekly installments at the same time as other employees of City are paid. Engeland’s Base Salary shall increase to Two Hundred Fifty-seven Thousand Five Hundred Ninety-five Dollars ($257,595) effective the first pay period after July 1, 2022. Engeland’s Base Salary shall increase to Two Hundred Eighty-four Thousand Five Hundred Ninety-five Dollars ($284,595), effective the first pay period after July 1, 2023. Engeland’s Base Salary shall increase to Two Hundred Ninety-eight Thousand Eight Hundred Twenty-five Dollars ($298,825), effective the first pay period after July 1, 2024.

Initial Base Salary. During the Employment Term, the Company will pay Employee an annual base salary as compensation for his services (the “Base Salary”) at the initial rate of $275,000. The Base Salary will be paid periodically in accordance with the Company’s normal payroll practices. The Base Salary will be subject to review and adjustment by the Company.

Initial Base Salary. Beginning on the Approval Date and continuing ------------------- until the closing of the Company's first acquisition of a business (in any form) (the "First Acquisition Closing Date") Holdings shall pay Executive a base salary ("Base Salary") at the annual rate of $100,000. The Base Salary shall be payable in accordance with the ordinary payroll practices of Holdings but in no event less often than monthly in arrears.

Initial Base Salary. (a) Beginning on the Approval Date and continuing until the Termination Date, Holdings shall pay Executive a base salary (“Base Salary”) at the annual rate of $180,000. The Base Salary shall be payable in accordance with the ordinary payroll practices of Holdings but in no event less often than monthly in arrears. (b) Under Holding’s Short Term Incentive Compensation Plan, Executive’s annual target award shall be $90,000. (c) Executive shall participate in any compensation plan or program, annual or long-term, maintained by Holdings and participated in by senior executives of Holdings generally on terms taking into account Executive’s title and position with Holdings.