Common use of Salary Compensation Clause in Contracts

Salary Compensation. In consideration of the services rendered by the Executive under this Agreement, the Company shall pay the Executive a base salary (the "Base Salary") at the rate of Six Hundred Fifty Thousand Dollars ($650,000) per calendar year, plus annual cost of living increases. The Base Salary shall be paid in such installments and at such times as the Company pays its regularly salaried key executive employees.

Appears in 2 contracts

Samples: Employment Agreement (Smith & Wollensky Restaurant Group Inc), Employment Agreement (New York Restaurant Group Inc)

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Salary Compensation. In consideration of the services rendered by the Executive under this Agreement, the Company shall pay the Executive a base salary (the "Base Salary") at the rate of Six Two Hundred Fifty Thousand Dollars ($650,000200,000) per calendar year, plus annual cost of living increases. The Base Salary shall be paid in such installments and at such times as the Company pays its regularly salaried key executive employees, and the Board may review the Base Salary annually in a manner consistent with the Company's policies and may change the Base Salary from time to time in its sole discretion.

Appears in 2 contracts

Samples: Employment and Non Competition Agreement (Holmes Products Corp), Execution Copy (Holmes Products Corp)

Salary Compensation. In consideration of the services rendered by the Executive under this Agreement, the Company shall pay the Executive a base salary (the "Base Salary") at the initial annualized rate of Six Hundred Fifty Thousand Dollars ($650,000) per calendar year, plus annual cost of living increases459,500. The Base Salary shall be paid in such installments and at such times as the Company pays its regularly salaried key executive employees. The Compensation Committee of the Board (the “Compensation Committee”) may review on an annual basis the Base Salary from time to time in its sole discretion; provided, however, that in no event shall the Base Salary be reduced as the result of any such review or otherwise.

Appears in 1 contract

Samples: And Non Competition Agreement (American Dental Partners Inc)

Salary Compensation. In consideration of the services rendered by the Executive under this Agreement, the Company shall pay the Executive a base salary (the "Base Salary") at the rate of Six Two Hundred Fifty Thousand Dollars ($650,000250,000) per calendar year, plus annual cost of living increases. The Base Salary shall be paid in such installments and at such times as the Company pays its regularly salaried key executive employees, and the Board may review the Base Salary annually in a manner consistent with the Company's policies and may change the Base Salary from time to time in its sole discretion.

Appears in 1 contract

Samples: Execution Copy (Holmes Products Corp)

Salary Compensation. In consideration of the services rendered by the Executive under this Agreement, the Company shall pay the Executive a base salary (the "Base Salary") at the rate of Six Two Hundred Fifty Thousand Dollars ($650,000200,000) per calendar year, plus annual cost of living increases. The Base Salary shall be paid in such installments and at such times as the Company pays its 2 regularly salaried key executive employees, and the Board may review the Base Salary annually in a manner consistent with the Company's policies and may change the Base Salary from time to time in its sole discretion.

Appears in 1 contract

Samples: Employment and Non Competition Agreement (Rival Co)

Salary Compensation. In consideration of the services rendered by the Executive under this Agreement, the Company shall pay the Executive a base salary (the "Base Salary") at the rate of Six One Hundred Fifty Twenty Thousand Dollars ($650,000120,000) per calendar year, plus annual cost of living increases. The Base Salary shall be paid in such installments and at such times as the Company pays its regularly salaried key executive employees, and the Board may change the Base Salary from time to time in its sole discretion; provided, however, that in no event shall the Base Salary for any calendar year be less than the Base Salary in effect for the immediately prior calendar year.

Appears in 1 contract

Samples: Executive Employment Agreement (Voicetek Corp)

Salary Compensation. In consideration of the services rendered by the Executive under this Agreement, the Company shall pay the Executive a base salary (the "Base Salary") at the rate of Six Two Hundred Fifty Thousand Dollars ($650,000200,000) per calendar year, plus annual cost of living increases. The Base Salary shall be paid in such installments and at such times as the Company pays its regularly salaried key executive employees, and the Board may change the Base Salary from time to time in its sole discretion; provided, however, that in no event shall the Base Salary for any calendar year be less than the Base Salary in effect for the immediately prior calendar year.

Appears in 1 contract

Samples: Executive Employment Agreement (Voicetek Corp)

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Salary Compensation. In consideration of the services rendered by the Executive under this Agreement, the Company shall pay the Executive a base salary (the "Base Salary") at the rate of Six Four Hundred Fifty Thousand Dollars ($650,000400,000) per calendar year, plus annual cost of living increases. The Base Salary shall be paid in such installments and at such times as the Company pays its regularly salaried key executive employees, and the Board may review the Base Salary annually in a manner consistent with the Company's policies and may change the Base Salary from time to time in its sole discretion.

Appears in 1 contract

Samples: Execution Copy (Holmes Products Corp)

Salary Compensation. In consideration of the services rendered by the Executive under this Agreement, the Company shall pay the Executive a base salary (the "Base Salary") at the rate of Six Five Hundred Fifty Thousand Dollars ($650,000500,000) per calendar year, plus annual cost of living increases. The Base Salary shall be paid in such installments and at such times as the Company pays its regularly salaried key executive employees, and the Board may review the Base Salary in a manner consistent with the Company's policies and may increase the Base Salary from time to time in its sole discretion.

Appears in 1 contract

Samples: Employment and Non Competition Agreement (Holmes Group Inc)

Salary Compensation. In consideration of the services rendered by the Executive under this Agreement, the Company shall pay the Executive a base salary (the "Base Salary") at the rate of Six Hundred Fifty Thousand Dollars two hundred seventy seven thousand dollars ($650,000277,000) per calendar year, plus annual cost of living increases. The Base Salary shall be paid in such installments and at such times as the Company pays its regularly salaried key executive employees, and the Board may review the Base Salary annually in a manner consistent with the Company's policies and may increase, but may not decrease, the Base Salary from time to time in its sole discretion.

Appears in 1 contract

Samples: Employment And (Weigh Tronix LLC)

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