Monthly Base Salary. The Company shall pay or caused to be paid to ------------------- the Executive a monthly base salary of nine thousand one hundred sixty six Canadian dollars and sixty seven cents (Cdn. $9,166.67) (the "Monthly Salary"). The Monthly Salary shall be payable in periodic installments as agreed from time-to-time by the Executive and the Board, but at least semi-monthly, and shall be subject to any Tax Withholdings and/or Employee Deductions that are applicable. In any pay period in which the Executive shall be employed for less than the entire number of business days in such pay period, the Monthly Salary for such pay period shall be prorated on the basis of the number of business days during which the Executive was actually employed during such pay period, divided by the actual number of business days in such pay period.
Appears in 2 contracts
Samples: Employment Agreement (Clean Energy Combustion Systems Inc), Employment Agreement (Clean Energy Combustion Systems Inc)
Monthly Base Salary. The Company shall pay or caused to be paid to the ------------------- the Executive a monthly base salary of nine ten thousand one hundred sixty six Canadian dollars and sixty seven cents (Cdn. $9,166.6710,000.00) (the "Monthly Salary"). The Monthly Salary shall be payable in periodic installments as agreed from time-to-time by the Executive and the Board, but at least semi-monthly, and shall be subject to any Tax Withholdings and/or Employee Deductions that are applicable. In any pay period in which the Executive shall be employed for less than the entire number of business days in such pay period, the Monthly Salary for such pay period shall be prorated on the basis of the number of business days during which the Executive was actually employed during such pay period, divided by the actual number of business days in such pay period.
Appears in 1 contract
Samples: Employment Agreement (Clean Energy Combustion Systems Inc)
Monthly Base Salary. The Company shall pay or caused to be paid to the ------------------- the Executive a monthly base salary of nine thousand one hundred sixty six Canadian dollars and sixty seven cents (Cdn. $9,166.67) (the "Monthly Salary"). The Monthly Salary shall be payable in periodic installments as agreed from time-to-time by the Executive and the Board, but at least semi-monthly, and shall be subject to any Tax Withholdings and/or Employee Deductions that are applicable. In any pay period in which the Executive shall be employed for less than the entire number of business days in such pay period, the Monthly Salary for such pay period shall be prorated on the basis of the number of business days during which the Executive was actually employed during such pay period, divided by the actual number of business days in such pay period.
Appears in 1 contract
Samples: Employment Agreement (Clean Energy Combustion Systems Inc)