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.
Appears in 3 contracts
Samples: Employment Agreement (Reunion Hospitality Trust, Inc.), Employment Agreement (Reunion Hospitality Trust, Inc.), Employment Agreement (Reunion Hospitality Trust, Inc.)
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 50,000 (the “Initial Base Salary”). The Initial Base Salary shall be payable in accordance with the regular payroll practices of the Company.
Appears in 1 contract
Samples: Employment Agreement (Reunion Hospitality Trust, Inc.)
