MINIMUM ANNUAL SALARY Sample Clauses

MINIMUM ANNUAL SALARY. (a) The minimum annual and equivalent fortnightly salaries payable to Principals will be as set out in Table 1 – Principals’ Salaries of Schedule A – Monetary Rates. These rates incorporate minimum 3% increases as set out in Clause 15.1(a), in the event CSBB provides for a higher salary review increase these rates will be correspondingly adjusted. The fortnightly rates in the table have been calculated by multiplying the annual salary by 14 and dividing by 365, with the answer rounded to two decimal places.
Sample 1
AutoNDA by SimpleDocs
MINIMUM ANNUAL SALARY. During each calendar year the Company shall pay the Executive base compensation in equal semi-monthly installments based upon the minimum annual salary for the Executive of $200,000, subject to annual review by the Compensation Committee and which may be increased but not decreased on the basis of such review. The term
Sample 1
MINIMUM ANNUAL SALARY. 12.1 Every player is entitled to receive from its club or Public Limited Sports company a minimum annual salary, whose guarantee is established according to their calculable age according to the following table: Calculable Age Minimum annual salary per season. Up to 19 years old €18.000 20-21 years old €30.000 22-23 years old €36.000 24-25 years old €48.000 26 or more years old €60.000 Players who participate from the start of the competition until the end shall be paid the full amount indicated as the minimum annual salary.
Sample 1
MINIMUM ANNUAL SALARY a. Minimum annual salaries to be increased effective September 1, 2017 and thereafter as set forth below. The parties agree that there is no agreement on further increases after September 1, 2020, and that no further increase will take effect in the absence of a subsequent signed agreement.
Sample 1
MINIMUM ANNUAL SALARY. In order for an employee to be counted toward the Full Time Job Requirement, GRANTEE must (i) pay up to six (6) employees a starting base wage of at least FIFTY THOUSAND DOLLARS ($50,000.000); and (ii) all remaining employees a starting annual base wage of at least SEVENTY THOUSAND DOLLARS ($70,000.00), in each case exclusive of benefits, bonuses, overtime, shift differentials, and any other non-guaranteed wages (the “Minimum Annual Salary”) throughout the Term of the Agreement, to include the recapture period. For the purposes of payment of Grant Funds by GRANTOR as set forth in Section 3(B), such employee shall be counted towards GRANTEE’s Full Time Job Requirement number but shall not be eligible for disbursement of Grant Funds until GRANTEE confirms through the reporting obligations, that such employee is being paid at the Minimum Annual Salary.
Sample 1

Related to MINIMUM ANNUAL SALARY

  • Base Annual Salary “Base Annual Salary” means the greater of (1) the highest annual rate of base salary in effect for the Executive during the 12 month period immediately prior to a Change in Control or, (2) the annual rate of base salary in effect at the time Notice of Termination is given (or on the date employment is terminated if no Notice of Termination is required).

  • Annual Salary Executive's compensation shall consist of an annual base salary (the "Annual Salary") of one hundred fifty thousand dollars ($150,000), before all customary payroll deductions. The Annual Salary shall be reviewed, and shall be subject to change, by the Board of Directors of Employer (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.

  • Minimum Annual Royalty Beginning in the calendar year after the first occurrence of SALEs, and in each succeeding calendar year thereafter, LICENSEE will pay to REGENTS a minimum annual royalty of [Written amount] U.S. Dollars ($ Number) for the life of this AGREEMENT. This minimum annual royalty will be paid to REGENTS by February 28 of each year and will be credited against the earned royalty due and owing for the calendar year in which the minimum payment is made.

  • Minimum Annual Royalties Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. These minimum annual royalties shall be due, without invoice from JHU, within thirty (30) days of each anniversary of the EFFECTIVE DATE beginning with the first anniversary. Running royalties and sublicense consideration accrued under Paragraphs 3.3 and 3.4, respectively, and paid to JHU during the one year period preceding an anniversary of the EFFECTIVE DATE shall be credited against the minimum annual royalties due on that anniversary date.

  • Annual Base Salary During the Term, the Executive shall receive a base salary at an initial rate of $550,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion (the “Annual Base Salary”).

  • 1Base Salary During the Period of Employment, the Company shall pay the Executive a base salary (the “Base Salary”), which shall be paid biweekly or in such other installments as shall be consistent with the Company’s regular payroll practices in effect from time to time. The Executive’s Base Salary shall be at an annualized rate of Seven Hundred Thousand dollars ($700,000.00). The Compensation Committee of the Board (the “Compensation Committee”) will review the Executive’s rate of Base Salary on an annual basis and may, in its sole discretion, increase (but not decrease) the rate then in effect.

  • Base Salary During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $250,000, payable in regular installments in accordance with the Company's usual payment practices. Executive shall be entitled to such increases in Executive's base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive's annual rate of base salary, as in effect from time to time, is hereinafter referred to as the "Base Salary."

  • Average Annual Compensation The Executive's "Average Annual Compensation" for purposes of this Agreement shall be deemed to mean the average level of compensation paid to the Executive by the Employers or any subsidiary thereof during the most recent five taxable years preceding the Date of Termination, including Base Salary and benefits and bonuses under any employee benefit plans of the Employers.

  • Minimum Annual Rent Tenant agrees to pay to Landlord the Minimum Annual Rent in equal monthly installments in the amount set forth in Section 1(d) (as increased at the beginning of each lease year as set forth in Section 1(d)), in advance, on the first day of each calendar month during the Term, without notice, demand or setoff, at Landlord's address designated at the beginning of this lease unless Landlord designates otherwise; provided that rent for the first full month shall be paid at the signing of this lease. If the Commencement Date falls on a day other than the first day of a calendar month, the rent shall be apportioned pro rata on a per diem basis for the period from the Commencement Date until the first day of the following calendar month and shall be paid on or before the Commencement Date. As used in this lease, the term "LEASE YEAR" means the period from the Commencement Date through the succeeding 12 full calendar months (including for the first lease year any partial month from the Commencement Date until the first day of the first full calendar month) and each successive 12 month period thereafter during the Term.

  • Annual Base Compensation The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $335,000 per annum, payable in cash not less frequently than monthly.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!