Minimum Base Salary the lowest annual base salary reported on the salary schedule for a full-time classroom teacher.
Minimum Base Salary. The Executive’s minimum base salary (the “Minimum Base Salary”) shall be an annual rate of $400,000, payable in accordance with the Company’s normal payroll practices for its executive officers. The Minimum Base Salary may be increased from time to time at the discretion of the Board of Directors of the Company, any committee authorized by the Board or any officer having authority over executive compensation.
Minimum Base Salary. The Minimum Base Salary payable to Employee shall be $300,000 per year, payable on a regular basis in accordance with the Company's standard payroll procedure. On at least an annual basis, the Board of Directors of the Company will review Employee's performance and make any increase to such base salary if, in its discretion, any such increase is warranted.
Minimum Base Salary. The Superintendent shall be paid a minimum base salary of $285,000. Any percentage or step increase granted during the term of this contract by the Board or the State to other professional employees of the Board shall automatically be applicable to and added to the minimum annual salary of the Superintendent. The Superintendent shall also participate in sales tax and/ other supplements at the ratio paid Directors. The minimum base salary of the Superintendent shall be paid in equal installments in accordance with the rules of the Board governing payment of salary to other professional staff members in the system.
Minimum Base Salary. In consideration of his services hereunder, the Executive shall receive a minimum base salary determined, as follows:
(a) During the period of the Term commencing on the Commencement Date and continuing until the end of the calendar month in which the closing of the Company's initial public offering of securities in the United States 2 of America occurs (the "Salary Transition Month"), the Company shall pay to the Executive an annual minimum base salary equal to the difference between $125,000 and the aggregate amount of the annual base salary which the Executive shall receive from Corbina during such period.
(b) Commencing on the first day of the month immediately succeeding the Salary Transition Month, and continuing during each 12 month period or part thereof remaining during the Term, the Company shall pay to the Executive an annualized minimum base salary equal to the difference between $175,000 and the aggregate amount of the base salaries which the Executive shall receive from Corbina, CompTel and the majority owned subsidiary of CompTel which will be licensed by the Russian Ministry of Communications to operate a wireless local loop telecommunications system in Moscow during the same 12 month periods or part thereof.
(c) The payment of such salary to Leibov hereunder shall be made in twice monthly installments and shall be subject to all applicable withholding obligations imposed upon the Company by US federal, state and local taxing authorities.
Minimum Base Salary. Each account manager shall receive a base salary that is equal to or greater than the minimum base salary established for their advertising vertical and quota segment, in accordance with the 2010 commission schedule. These quota segments will not be reduced due to catastrophic loss. It is agreed that the Company has the option to increase individual base salaries during the year, at their discretion, based upon demonstrated quarterly goal achievement. The Company will review the projected annual revenue for each desk on an annual basis and where applicable, increase the account manager’s base to the minimum determined by their quota segment. This annual review shall also determine the corresponding quota segment’s annual commission schedule for the following year. It is understood that any Company initiated decreases in base salary, based upon a lower quota segment, would be considered in conjunction with on-going disciplinary action and would be determined on an individual basis.
Minimum Base Salary. Each account manager shall receive a base salary that is equal to or greater than the minimum base salary established for their advertising verti- cal and quota segment, in accordance with the 2010 commission sched- ule. These quota segments will not be reduced due to catastrophic loss. It is agreed that the company has the option to increase individual base salaries during the year, at their discretion, based upon demonstrated quarterly goal achievement. The company will review the projected an- nual revenue for each desk on an annual basis and where applicable, in- crease the account manager’s base to the minimum determined by their quota segment. This annual review shall also determine the correspond- ing quota segment’s annual commission schedule for the following year. It is understood that any company initiated decreases in base salary, based upon a lower quota segment, would be considered in conjunction with on- going disciplinary action and would be determined on an individual basis.
Minimum Base Salary. (Example of 10% annual increase) January 1, 2002 through December 31, 2002 $ 210,000 January 1, 2003 through December 31, 2003 $ 231,000 January 1, 2004 through December 31, 2004 $ 254,000 January 1, 2005 through December 31, 2005 $ 279,510 Base Salary is payable in cash in monthly installments (or on such other periodic basis as may be mutually agreed upon), pro rated for any partial year during which Executive’s employment under the Agreement terminates, but reduced or eliminated in the events set forth in Section 9 of the Employment Agreement. In addition, Executive shall be entitled to reimbursement by the Corporation for Executive’s monthly automobile expenses in the amount of $1,500 per month, plus gas, oil and tires. Reimbursement for gas, oil and tires shall be made to Executive within ten (10) days after receipt by the Company of documentary evidence detailing such expenses.
Minimum Base Salary. January 1, 2002 through December 31, 2002 $ 210,000 January 1, 2003 through December 31, 2003 $ 231,000 January 1, 2004 through December 31, 2004 $ 254,000 January 1, 2005 through December 31, 2005 $ 279,510 January 1, 2006 through December 31, 2006 $ 307,460 January 1, 2007 through December 31, 2007 $ 338,210 January 1, 2008 through December 31, 2008 $ 372,025 The amounts shown above are approximate. Base Salary is payable in cash in monthly installments (or on such other periodic basis as may be mutually agreed upon), pro rated for any partial year during which Executive's employment under the Agreement terminates, but reduced or eliminated in the events set forth in Section 9 of the Employment Agreement. In addition, Executive shall be entitled to reimbursement by the Corporation for Executive's monthly automobile expenses in the amount of $1,500 per month, plus gas, oil and tires. Reimbursement for gas, oil and tires shall be made to Executive within ten (10) days after receipt by the Company of documentary evidence detailing such expenses. Company shall reimburse executive for auto travel at the rate of 35 cents per mile for company related travel.
Minimum Base Salary. Executive's current salary of $675,000 per annum ('Base Salary") shall be the minimum annual Base Salary of Executive for fiscal 2002 and beyond, which may be increased but not decreased as outlined in section 1.4 of the Agreement. If Executive's salary is adjusted, the new then-prevailing adjusted salary shall become the Base Salary, a defined term in the Agreement.
