Revised Base Salary Sample Clauses

Revised Base Salary. Section 3 of the Agreement (“Compensation”) is hereby amended and restated in its entirety as follows: “In consideration of Superintendent’s services hereunder, the District shall pay Superintendent an annual base salary of $249,621.53 unless and until adjusted as set forth below (the “Base Salary”). Superintendent’s Base Salary shall be paid, less applicable withholdings, in accordance with the District’s regular payroll practices and policies. The Board shall review the Base Salary with the Superintendent on a periodic basis and may adjust such Base Salary from time to time based on the performance of the Superintendent, the financial condition of the District, prevailing industry salary levels, and such other factors as the Board considers relevant.”

Revised Base Salary. Xx. Xxxxxx-Xxxxxx’x annual base salary will be revised downward to $666,250 (the “Revised Base Salary”) as of February 1, 2012 and Xx. Xxxxxx-Xxxxxx shall receive the Revised Base Salary (approximately $55,521 per month during the five (5) month period in fiscal 2013) only for the period from February 1, 2012 through the Retirement Date, which will be paid bi-weekly through Walmart’s regular payroll, less applicable withholdings;