Common use of Regular Compensation Clause in Contracts

Regular Compensation. The Company shall pay to the Executive as compensation for his services and for his covenants and other obligations hereunder an annual base salary (the “Salary”) in the amount of One hundred sixty seven thousand three hundred seventy five Dollars ($167,375.00), payable in accordance with the regular and customary payroll practices of the Company. The Salary may be increased from time to time by action of the CEO/President or the Compensation Committee of the Board of Directors of the Company.

Appears in 1 contract

Samples: Employment Agreement (Tower Financial Corp)

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Regular Compensation. The Company shall pay to the Executive as compensation for his services and for his covenants and other obligations hereunder an annual base salary (the "Salary") in the amount of One hundred sixty seven thousand three hundred seventy five Dollars ($167,375.00100,000), payable in accordance with the regular and customary payroll practices of the Company. The Salary may be increased from time to time by action of the CEO/President or the Compensation Committee of the Board of Directors of the Company.

Appears in 1 contract

Samples: Employment Agreement (Tower Financial Corp)

Regular Compensation. The Company shall pay to the Executive as compensation for his services and for his covenants and other obligations hereunder an annual base salary (the “Salary”) in the amount of One hundred sixty seven thousand three hundred seventy five Hundred Fifty-Five Thousand Dollars ($167,375.00155,000.00), payable in accordance with the regular and customary payroll practices of the Company. The Salary may be increased from time to time by action of the CEO/President or the Compensation Committee of the Board of Directors of the Company.

Appears in 1 contract

Samples: Employment Agreement (Tower Financial Corp)

Regular Compensation. The Company shall pay to the Executive as compensation for his services and for his covenants and other obligations hereunder an annual base salary (the “Salary”) in the amount of One hundred sixty seven thousand three hundred seventy five Two Hundred Fifty Eight Thousand Five Hundred Dollars ($167,375.00258,500.00), payable in accordance with the regular and customary payroll practices of the Company. The Salary may be increased from time to time by action of the CEO/President or the Compensation Committee of the Board of Directors of the Company.

Appears in 1 contract

Samples: Employment Agreement (Tower Financial Corp)

Regular Compensation. The Company shall pay to the Executive as compensation for his services and for his covenants and other obligations hereunder an annual base salary (the "Salary") in the amount of One hundred sixty seven thousand three hundred seventy five Two Hundred Four Thousand Five Hundred Eighty Dollars ($167,375.00204,580.00), payable in accordance with the regular and customary payroll practices of the Company. The Salary may be increased from time to time by action of the CEO/President or the Compensation Committee of the Board of Directors of the Company.

Appears in 1 contract

Samples: Employment Agreement (Tower Financial Corp)

Regular Compensation. The Company shall pay to the Executive as compensation for his services and for his covenants and other obligations hereunder an annual base salary (the “Salary”) in the amount of One hundred sixty seven thousand three hundred seventy five Ninety-one Thousand Eight Hundred Dollars ($167,375.0091,800), payable in accordance with the regular and customary payroll practices of the Company. The Salary may be increased from time to time by action of the CEO/President or the Compensation Committee of the Board of Directors of the Company.

Appears in 1 contract

Samples: Employment Agreement (Tower Financial Corp)

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Regular Compensation. The Company shall pay to the Executive as compensation for his her services and for his her covenants and other obligations hereunder an annual base salary (the “Salary”) in the amount of One one hundred sixty seven forty thousand three hundred seventy five Dollars dollars ($167,375.00140,000), payable in accordance with the regular and customary payroll practices of the Company. The Salary may be increased from time to time by action of the CEO/President or the Compensation Committee of the Board of Directors of the Company.

Appears in 1 contract

Samples: Employment Agreement (Tower Financial Corp)

Regular Compensation. The Company shall pay to the Executive as compensation for his services and for his covenants and other obligations hereunder an annual base salary (the "Salary") in the amount of One hundred sixty seven and forty one thousand three hundred seventy five Dollars dollars ($167,375.00141,000), payable in accordance with the regular and customary payroll practices of the Company. The Salary may be increased from time to time by action of the CEO/President or the Compensation Committee of the Board of Directors of the Company.

Appears in 1 contract

Samples: Employment Agreement (Tower Financial Corp)

Regular Compensation. The Company shall pay to the Executive as compensation for his services and for his covenants and other obligations hereunder an annual base salary (the "Salary") in the amount of One hundred sixty seven and twenty three thousand three one hundred seventy five Dollars dollars ($167,375.00123,100), payable in accordance with the regular and customary payroll practices of the Company. The Salary may be increased from time to time by action of the CEO/President or the Compensation Committee of the Board of Directors of the Company.

Appears in 1 contract

Samples: Employment Agreement (Tower Financial Corp)

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