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Common use of Salary Clause in Contracts

Salary. The Company shall pay the Executive during the Term a base salary at the rate of $350,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreement.

Appears in 6 contracts

Samples: Employment Agreement (Republic Property Trust), Employment Agreement (Republic Property Trust), Employment Agreement (U-Store-It Trust)

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Salary. The Company shall pay the Executive during Executive, in periodic installments in accordance with the Term a Company’s customary payroll practices, an annual base salary at the rate of $350,000 225,000 per annum year during the Employment Period (the “Annual Base Salary”), in accordance with . Such Base Salary shall be subject to increase following the customary payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an amount date hereof as may be approved determined by the Board CEO or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this AgreementBoard.

Appears in 5 contracts

Samples: Separation Agreement (Ekso Bionics Holdings, Inc.), Employment Agreement (Ekso Bionics Holdings, Inc.), Employment Agreement (Ekso Bionics Holdings, Inc.)

Salary. The Company shall pay the Executive during the Term a base salary at the rate of $350,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices of the Company applicable payable semi-monthly and subject to senior executives generallyregular deductions and withholdings as required by law. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee of the Board of Directors (the “Compensation Committee”), and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreement.

Appears in 5 contracts

Samples: Employment Agreement (Coldwater Creek Inc), Employment Agreement (Coldwater Creek Inc), Employment Agreement (Coldwater Creek Inc)

Salary. The Company shall pay the Executive during the Term a base salary at the rate of $350,000 275,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreement.

Appears in 4 contracts

Samples: Executive Employment Agreement (U-Store-It Trust), Executive Employment Agreement (U-Store-It Trust), Employment Agreement (Kite Realty Group Trust)

Salary. The Company shall pay the Executive during the Term a base salary at the rate of $350,000 200,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreement.

Appears in 4 contracts

Samples: Employment Agreement (U-Store-It Trust), Employment Agreement (U-Store-It Trust), Employment Agreement (U-Store-It Trust)

Salary. The Company shall pay the Executive during the Term a base salary at the rate of $350,000 225,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreement.

Appears in 4 contracts

Samples: Employment Agreement (U-Store-It Trust), Employment Agreement (U-Store-It Trust), Executive Employment Agreement (U-Store-It Trust)

Salary. The Company shall pay the Executive during the Term a base salary at the rate of $350,000 610,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreement.

Appears in 3 contracts

Samples: Executive Employment Agreement (U-Store-It Trust), Executive Employment Agreement (U-Store-It Trust), Executive Employment Agreement (U-Store-It Trust)

Salary. The Company shall pay the Executive during the Term a base salary at the rate of $350,000 410,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreement.

Appears in 3 contracts

Samples: Executive Employment Agreement (U-Store-It Trust), Executive Employment Agreement (U-Store-It Trust), Executive Employment Agreement (U-Store-It Trust)

Salary. The Company shall pay During the term of his employment under this Agreement, the Executive during the Term a base shall be paid an annual salary at the initial rate of not less than $350,000 per annum 125,000.00 (the “Annual "Base Salary"), . The Base Salary may be increased from time to time by the Board of Directors of the Company (the "Board") in its sole and absolute discretion. The Board shall review the Base Salary at least annually at the end of each fiscal year of the Company. The Base Salary shall be paid in accordance with the customary Company's regular payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreementpractices.

Appears in 3 contracts

Samples: Employment Agreement (Entrade Inc), Employment Agreement (Entrade Inc), Employment Agreement (Entrade Inc)

Salary. The During the Term, the Company shall pay to Executive an annualized base salary of $225,000, subject to annual increase as may be determined by the Executive during board of directors of the Company, through the end of the Term a base salary at the rate of $350,000 per annum (the Annual Base Salary”). The Base Salary shall be calculated and paid in substantially equal, periodic installments in accordance with the customary Company’s normal payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreementprocedures.

Appears in 2 contracts

Samples: Employment Agreement (Corphousing Group Inc.), Employment Agreement (Corphousing Group Inc.)

Salary. The Company shall pay the Executive during the Term a base annual salary at the rate of $350,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an 250,000 or such higher amount as may be approved by the Board may set in its sole discretion, payable in at least monthly installments. Any increase in annual salary shall not serve to limit or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed reduce any other obligations to be the Annual Salary for purposes of Executive under this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Beebas Creations Inc), Employment Agreement (Nitches Inc)

Salary. The Company shall pay the Executive during the Term a base salary at the rate of $350,000 600,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices of the Company applicable payable semi-monthly and subject to senior executives generallyregular deductions and withholdings as required by law. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee of the Board of Directors (the “Compensation Committee”), and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Coldwater Creek Inc), Employment Agreement (Coldwater Creek Inc)

Salary. The Company shall pay the to Executive during the Term a base salary at the rate of $350,000 320,000 per annum year (the “Annual Salary”); provided, however, that the Annual Salary shall be automatically increased on April 1, 2017 to $400,000 per year. Executive’s Annual Salary shall be reviewed on at least an annual basis by the Board of Directors or its Compensation Committee, and shall be payable in accordance with the customary Company’s regular payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreementpractices.

Appears in 2 contracts

Samples: Employment Agreement (Dasan Zhone Solutions Inc), Employment Agreement (Dasan Zhone Solutions Inc)

Salary. The Company shall pay the Executive during the Term a base salary at the rate of $350,000 330,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreement.

Appears in 2 contracts

Samples: Executive Employment Agreement (U-Store-It Trust), Executive Employment Agreement (U-Store-It Trust)

Salary. The Company shall pay the Executive during the Term a base salary at the rate of $350,000 210,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Kite Realty Group Trust), Employment Agreement (Kite Realty Group Trust)

Salary. The Company shall pay the Executive during the Term a base salary at the rate of $350,000 150,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Kite Realty Group Trust), Employment Agreement (Kite Realty Group Trust)

Salary. The Company shall pay the Executive during the Term a base salary at the rate of $350,000 360,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Republic Property Trust), Employment Agreement (Republic Property Trust)

Salary. The Company shall pay the Executive during the Term a base salary at the rate of $350,000 325,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Kite Realty Group Trust), Employment Agreement (Kite Realty Group Trust)

Salary. The Company shall pay the Executive during the Term a base salary at the rate of $350,000 600,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices of the Company applicable payable bi-weekly and subject to senior executives generallyregular deductions and withholdings as required by law. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation CommitteeBoard, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Ciber Inc)

Salary. The Company shall pay the Executive during the Term a base salary at the rate of $350,000 400,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (U-Store-It Trust)

Salary. The During the Employment Term, the Company shall pay the Executive during Executive, in periodic installments on the Term same basis as other senior salaried executives of the Company, a base salary at the rate of $350,000 212,000 per annum (the “Annual "Base Salary"), in accordance with subject to such increases during the customary payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an amount Employment Term as may shall be approved by the Compensation Committee of the Board or of Directors of the Compensation CommitteeCompany (which increases, andwhen so approved, upon such increase, the increased amount shall to thereafter be deemed to be the Annual constitute Executive's Base Salary for purposes of this Agreement).

Appears in 1 contract

Samples: Employment Agreement (Triumph Group Inc /)

Salary. The Company shall pay the Executive during the Term a base salary at the rate of $350,000 300,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Republic Property Trust)

Salary. The Company shall pay to the Executive during the Term a an annualized base salary at the a rate of $350,000 per annum (135,000.00 in equal installments as nearly as practicable on the “Annual Salary”)Company’s regular payroll dates, in arrears. Such annualized base salary may be increased from time to time in accordance with the customary payroll normal business practices of the Company applicable to senior executives generallyCompany. The Annual Salary may annualized base salary of the Executive shall not be increased annually by an decreased below its then existing amount as may be approved by during the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes term of this Agreement.;

Appears in 1 contract

Samples: Employment Agreement (Evans & Sutherland Computer Corp)

Salary. The Company shall pay the Executive during the Term a base salary at the rate of $350,000 550,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices of the Company applicable payable semi-monthly and subject to senior executives generallyregular deductions and withholdings as required by law. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee of the Board of Directors (the “Compensation Committee”), and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Coldwater Creek Inc)

Salary. The Company shall pay the Executive during the Term a base salary at the rate of $350,000 250,000 per annum (the “Annual Salary”"ANNUAL SALARY"), in accordance with the customary payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (U-Store-It Trust)

Salary. The Company shall pay to the Executive during the Term a an annualized base salary at the a rate of $350,000 per annum (235,200.00 in equal installments as nearly as practicable on the “Annual Salary”)Company’s regular payroll dates, in arrears. Such annualized base salary may be increased from time to time in accordance with the customary payroll normal business practices of the Company applicable to senior executives generallyCompany. The Annual Salary may annualized base salary of the Executive shall not be increased annually by an decreased below its then existing amount as may be approved by during the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes term of this Agreement.;

Appears in 1 contract

Samples: Employment Agreement (Evans & Sutherland Computer Corp)

Salary. The During the Term, the Company shall pay the Executive during the Term a an annual base salary at the rate of $350,000 per annum (1,000,000, payable in equal installments on the “Annual Salary”), Company’s regularly recurring paydays in accordance with the customary Company’s normal payroll practices practice. Increases in annual base salary shall be considered by the Company at least annually, beginning with the Company’s 2015 fiscal year, provided, however, that the award of any such increase shall be at the sole discretion of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this AgreementCompany.

Appears in 1 contract

Samples: Executive Employment Agreement (Bally Technologies, Inc.)

Salary. The Company shall pay the Executive during the Term a base salary at the rate of $350,000 500,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices of the Company applicable payable semi-monthly and subject to senior executives generallyregular deductions and withholdings as required by law. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee of the Board of Directors (the “Compensation Committee”), and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Coldwater Creek Inc)

Salary. The Company shall pay the Executive an annual base salary hereunder of not less than $ 250,000, payable in equal semimonthly installments or at such other intervals as shall be agreed upon by the parties. The Executive's annual base salary may be increased from time to time as determined by the Board and, if so increased, such annual base salary shall not thereafter during the Term a base salary at Executive's employment under this Agreement be decreased and the rate of $350,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices obligation of the Company applicable hereunder to senior executives generally. The Annual Salary may be increased annually by an amount as may be approved by pay the Board or the Compensation Committee, and, upon such increase, the increased amount Executive's annual base salary shall thereafter be deemed relate to be the Annual Salary for purposes of this Agreementsuch increased annual base salary.

Appears in 1 contract

Samples: Employment Agreement (Premier National Bancorp Inc)

Salary. The During the Employment Term, the Company shall pay the Executive during Executive, in periodic installments on the Term same basis as other senior salaried executives of the Company, a base salary at the rate of $350,000 190,000 per annum (the “Annual Base Salary”), in accordance with subject to such increases during the customary payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an amount Employment Term as may shall be approved by the Board or Compensation and Management Development Committee (the Compensation Committee”) of the Board of Directors of the Company (which increases, andwhen so approved, upon such increase, the increased amount shall to thereafter be deemed to be the Annual constitute Executive’s Base Salary for purposes of this Agreement).

Appears in 1 contract

Samples: Employment Agreement (Triumph Group Inc /)

Salary. The Company shall pay the Executive during the Term a an initial annual base salary at the rate of not less than $350,000 per annum (the “Annual Salary”)225,000, less customary payroll withholdings, payable in accordance with the customary Company's regular payroll practices practices. Such salary shall be increased to $260,000 in the next payroll following the closing of a financing resulting in gross proceeds to the Company applicable of at least $5,000,000, and such salary shall be subject to senior executives generally. The Annual Salary may be increased annually by an amount annual review and upward adjustment as may be approved determined by the Board or in each calendar year, provided that such annual adjustment shall be at least equal to the Compensation Committee, and, upon such increase, general salary increase provided to Company salaried employees for the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreementapplicable year.

Appears in 1 contract

Samples: Employment Agreement (Lions Gate Investment LTD)

Salary. The Company shall pay the Executive during the Term a base salary at the rate of $350,000 225,000 per annum (the "Annual Salary"), in accordance with the customary payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased will increase annually on January 1 of each year by an amount as may be approved by the Board or Board, with such increase to be effective on the Compensation Committee, date salary increases are effective for employees of the Company generally and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this AgreementSalary.

Appears in 1 contract

Samples: Merger Agreement (Commercial Net Lease Realty Inc)

Salary. The Company shall pay During the term of his employment under this Agreement, the Executive during the Term a base shall be paid an annual salary at the a rate of not less than $350,000 per annum 150,000 (the “Annual Salary”"BASE SALARY"), . The Base Salary may be increased from time to time by the Board of Directors of the Company (the "BOARD") in its sole and absolute discretion. The Board shall review the Base Salary at least annually at the end of each fiscal year of the Company. The Base Salary shall be paid in accordance with the customary Company's regular payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreementpractices.

Appears in 1 contract

Samples: Employment Agreement (Worldwide Web Networx Corp)

Salary. The Company shall pay to the Executive during the Term a an annualized base salary at the a rate of $350,000 per annum (150,045.00 in equal installments as nearly as practicable on the “Annual Salary”)Company’s regular payroll dates, in arrears. Such annualized base salary may be increased from time to time in accordance with the customary payroll normal business practices of the Company applicable to senior executives generallyCompany. The Annual Salary may annualized base salary of the Executive shall not be increased annually by an decreased below its then existing amount as may be approved by during the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes term of this Agreement.;

Appears in 1 contract

Samples: Employment Agreement (Evans & Sutherland Computer Corp)

Salary. The Company Corporation shall pay to the Executive during a salary (the Term a base salary “Base Salary”) at the rate of $350,000 250,000 per annum (annum, payable to the “Annual Salary”), Executive in accordance with the customary payroll practices of the Company applicable Corporation for its senior management as are in effect from time to senior executives generallytime. The Annual Executive's Base Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee, and, upon such increase, the Reporting Officer from time to time and once increased amount shall thereafter be deemed to be the Annual Base Salary for purposes of this Agreementhereunder.

Appears in 1 contract

Samples: Employment Agreement (Canadian Satellite Radio Holdings Inc.)

Salary. The Company shall pay the Executive during the Term a an initial base salary at the rate of $350,000 650,000 per annum (the his “Annual Salary”), in accordance with the customary payroll practices of the Company applicable to senior executives generallyexecutives. The Annual Salary shall not, during the Term, be subject to reduction. The Annual Salary may be increased annually by an amount as may be approved by at the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed Board’s discretion from time to be the Annual Salary for purposes of this Agreementtime.

Appears in 1 contract

Samples: Employment Agreement (BioScrip, Inc.)

Salary. The Company shall pay the Executive during Executive, in periodic installments in accordance with the Term a Company’s customary payroll practices, an annual base salary at the rate of $350,000 275,000 per annum year during the Employment Period (the “Annual Base Salary”), in accordance with . Such Base Salary shall be subject to increase following the customary payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an amount date hereof as may be approved determined by the Board CEO or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this AgreementBoard.

Appears in 1 contract

Samples: Employment Agreement (Ekso Bionics Holdings, Inc.)

Salary. The Company shall pay to the Executive during the Term a an annualized base salary at the a rate of $350,000 per annum (194,400.00 in equal installments as nearly as practicable on the “Annual Salary”)Company's regular payroll dates, in arrears. Such annualized base salary may be increased from time to time in accordance with the customary payroll normal business practices of the Company applicable to senior executives generallyCompany. The Annual Salary may annualized base salary of the Executive shall not be increased annually by an decreased below its then existing amount as may be approved by during the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes term of this Agreement.;

Appears in 1 contract

Samples: Employment Agreement (Evans & Sutherland Computer Corp)

Salary. The Company shall pay to the Executive during the Term a an annualized base salary at the a rate of $350,000 per annum (206,400.00 in equal installments as nearly as practicable on the “Annual Salary”)Company's regular payroll dates, in arrears. Such annualized base salary may be increased from time to time in accordance with the customary payroll normal business practices of the Company applicable to senior executives generallyCompany. The Annual Salary may annualized base salary of the Executive shall not be increased annually by an decreased below its then existing amount as may be approved by during the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes term of this Agreement.;

Appears in 1 contract

Samples: Employment Agreement (Evans & Sutherland Computer Corp)

Salary. The Company shall pay to the Executive during the Term a an annualized base salary at the a rate of $350,000 per annum (129,500.00 in equal installments as nearly as practicable on the “Annual Salary”)Company’s regular payroll dates, in arrears. Such annualized base salary may be increased from time to time in accordance with the customary payroll normal business practices of the Company applicable to senior executives generallyCompany. The Annual Salary may annualized base salary of the Executive shall not be increased annually by an decreased below its then existing amount as may be approved by during the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes term of this Agreement.;

Appears in 1 contract

Samples: Employment Agreement (Evans & Sutherland Computer Corp)

Salary. During the Term, the Executive shall be paid an annual salary at a rate of $416,394 per annum, which amount may be increased but not decreased by the Company Board (the “Base Salary”). The Company shall pay the Executive during the Term a base salary at the rate of $350,000 per annum (the “Annual Salary”), Base Salary in accordance with the customary its regular payroll practices as in effect from time to time. Compensation of the Executive by payments of Base Salary shall not be deemed exclusive and shall not prevent the Executive from participating in any other compensation or benefit plan of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this AgreementGroup.

Appears in 1 contract

Samples: Employment Agreement (Sba Communications Corp)

Salary. The Company shall pay the to Executive during the Term a base salary at the rate of $350,000 275,000 per annum year (the “Annual Salary”); provided, however, that the Annual Salary shall be automatically increased on April 1, 2020 to $300,000 per year. Executive’s Annual Salary shall be reviewed on at least an annual basis by the Board of Directors or its Compensation Committee, and shall be payable in accordance with the customary Company’s regular payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreementpractices.

Appears in 1 contract

Samples: Employment Agreement (Dasan Zhone Solutions Inc)

Salary. The Company shall pay the Executive during the Term a base salary at the rate of $350,000 375,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices of the Company applicable payable semi-monthly and subject to senior executives generallyregular deductions and withholdings as required by law. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee of the Board of Directors (the “Compensation Committee”), and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Coldwater Creek Inc)

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Salary. The Company shall pay the Executive during the Term a base salary at the rate of $350,000 710,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices of the Company applicable payable bi-weekly and subject to senior executives generallyregular deductions and withholdings as required by law. The Annual Salary may be increased (but not decreased) annually by an amount as may be approved by the Board or the Compensation CommitteeBoard, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Ciber Inc)

Salary. The Company shall pay the Executive during the Term a base salary at the rate of $350,000 375,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices of the Company applicable payable semi-monthly and subject to senior executives generallyregular deductions and withholdings as required by law. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (LCC International Inc)

Salary. The Company shall pay the Executive during the Term a base salary at the rate of $350,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased annually but not decreased from time to time by an amount and on such conditions as may be approved by the Board or the Compensation Committee of the Board (the “Compensation Committee”), and, and upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreement.the

Appears in 1 contract

Samples: Employment Agreement (Landmark Apartment Trust, Inc.)

Salary. The Company shall pay the Executive a base annual salary hereunder of not less than $160,000, payable in equal semimonthly installments or at such other intervals as shall be agreed upon by the parties. The Executive's base annual salary may be increased from time to time as determined by the President and, if so increased, such base annual salary shall not thereafter during the Term a base salary at Executive's employment under this Agreement be decreased and the rate of $350,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices obligation of the Company applicable hereunder to senior executives generally. The Annual Salary may be increased annually by an amount as may be approved by pay the Board or the Compensation Committee, and, upon such increase, the increased amount Executive's base annual salary shall thereafter be deemed relate to be the Annual Salary for purposes of this Agreementsuch increased base annual salary.

Appears in 1 contract

Samples: Employment Agreement (CFX Corp)

Salary. The Company shall pay the Executive during the Term a base salary at the rate of $350,000 700,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices of the Company applicable payable bi-weekly and subject to senior executives generallyregular deductions and withholdings as required by law. The Annual Salary may be increased (but not decreased) annually by an amount as may be approved by the Board or the Compensation CommitteeBoard, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Ciber Inc)

Salary. The Company shall pay to the Executive during the Term a an annualized base salary at the a rate of $350,000 per annum (131,310 in equal installments as nearly as practicable on the “Annual Salary”)Company’s regular payroll dates, in arrears. Such annualized base salary may be increased from time to time in accordance with the customary payroll normal business practices of the Company applicable to senior executives generallyCompany. The Annual Salary may annualized base salary of the Executive shall not be increased annually by an decreased below its then existing amount as may be approved by during the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes term of this Agreement.;

Appears in 1 contract

Samples: Employment Agreement (Evans & Sutherland Computer Corp)

Salary. The Company shall pay the Executive during the Term a an annual base salary at the rate of $350,000 per annum (the “Annual Base Salary”), ) of $325,000 payable in accordance with the customary Company’s regular payroll practices practices, with such payroll deductions and withholdings as required by law. Executive will be eligible for a Base Salary increase each year, based on cost of living adjustments and the performance of the Company applicable to senior executives generallyExecutive. The Annual aforementioned Base Salary may increases will be increased annually by an amount as may be approved determined by the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this AgreementCEO.

Appears in 1 contract

Samples: Employment Agreement (Splash Beverage Group, Inc.)

Salary. The Company shall pay the Executive a base annual salary hereunder of not less than $230,464, payable in equal semimonthly installments or at such other intervals as shall be agreed upon by the parties. The Executive's base annual salary may be increased from time to time as determined by the President and, if so increased, such base annual salary shall not thereafter during the Term a base salary at Executive's employment under this Agreement be decreased and the rate of $350,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices obligation of the Company applicable hereunder to senior executives generally. The Annual Salary may be increased annually by an amount as may be approved by pay the Board or the Compensation Committee, and, upon such increase, the increased amount Executive's base annual salary shall thereafter be deemed relate to be the Annual Salary for purposes of this Agreementsuch increased base annual salary.

Appears in 1 contract

Samples: Employment Agreement (CFX Corp)

Salary. The Company shall pay During the term of his employment under this Agreement, the Executive during the Term a base shall be paid an annual salary at the initial rate of not less than $350,000 per annum 185,000 (the “Annual Salary”"BASE SALARY"), . The Base Salary may be increased from time to time by the Board of Directors of the Company (the "BOARD") in its sole and absolute discretion. The Board shall review the Base Salary at least annually at the end of each fiscal year of the Company. The Base Salary shall be paid in accordance with the customary Company's regular payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreementpractices.

Appears in 1 contract

Samples: Employment Agreement (Worldwide Web Networx Corp)

Salary. The Company shall pay the Executive a base annual salary hereunder of not less than $294,000, payable in equal semimonthly installments or at such other intervals as shall be agreed upon by the parties. The Executive's base annual salary may be increased from time to time as determined by the Board and, if so increased, such base annual salary shall not thereafter during the Term a base salary at Executive's employment under this Agreement be decreased and the rate of $350,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices obligation of the Company applicable hereunder to senior executives generally. The Annual Salary may be increased annually by an amount as may be approved by pay the Board or the Compensation Committee, and, upon such increase, the increased amount Executive's base annual salary shall thereafter be deemed relate to be the Annual Salary for purposes of this Agreementsuch increased base annual salary.

Appears in 1 contract

Samples: Employment Agreement (CFX Corp)

Salary. The During the Employment Term, the Company shall pay the Executive during Executive, in periodic installments on the Term same basis as other senior salaried executives of the Company, a base salary at the rate of $350,000 241,600 per annum (the “Annual "Base Salary"), in accordance with subject to such increases during the customary payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an amount Employment Term as may shall be approved by the Compensation Committee of the Board or of Directors of the Compensation CommitteeCompany (which increases, andwhen so approved, upon such increase, the increased amount shall to thereafter be deemed to be the Annual constitute Executive's Base Salary for purposes of this Agreement).

Appears in 1 contract

Samples: Employment Agreement (Triumph Group Inc /)

Salary. The Company shall pay the Executive during the Term a base salary at the rate of $350,000 379,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (U-Store-It Trust)

Salary. The Company shall pay the Executive during the Term a base salary at the rate of $350,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices of the Company applicable payable semi-monthly and subject to senior executives generallyregular deductions and withholdings as required by law. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (LCC International Inc)

Salary. The Company Corporation shall pay to the Executive during a salary (the Term a base salary “Base Salary”) at the rate of $350,000 250,000 per annum (annum, payable to the “Annual Salary”), Executive in accordance with the customary payroll practices of the Company applicable Corporation for its senior management as are in effect from time to senior executives generallytime. The Annual Executive’s Base Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee, and, upon such increase, the of Directors from time to time and once increased amount shall thereafter be deemed to be the Annual Base Salary for purposes of this Agreementhereunder.

Appears in 1 contract

Samples: Employment Agreement (Canadian Satellite Radio Holdings Inc.)

Salary. The Company shall pay the Executive during the Term a base salary at the rate of $350,000 75,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (U-Store-It Trust)

Salary. The Company shall pay the Executive during Executive, in periodic installments in accordance with the Term a Company’s customary payroll practices, an annual base salary at the rate of $350,000 275,000 per annum year during the Employment Period (the “Annual Base Salary”), in accordance with . Such Base Salary shall be subject to increase following the customary payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an amount date hereof as may be approved determined by the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this AgreementBoard.

Appears in 1 contract

Samples: Employment Agreement (Ekso Bionics Holdings, Inc.)

Salary. The Company shall pay the Executive during the Term a base salary at the rate of $350,000 725,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices of the Company applicable payable semi-monthly and subject to senior executives generallyregular deductions and withholdings as required by law. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee of the Board of Directors (the “Compensation Committee”), and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Coldwater Creek Inc)

Salary. The Company shall pay the Executive during the Term a base salary at the rate of $350,000 per annum (the “Annual Salary”)salary, payable in accordance with the customary payroll practices of the Company applicable to senior executives generally. The Annual Salary Company, at the rate of $450,000 per annum, which amount may be increased annually by an amount (but not decreased) from time to time at the sole discretion of the Board (such amount, as may be approved by the Board or the Compensation Committee, and, upon such increaseso increased, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreement"BASE SALARY").

Appears in 1 contract

Samples: Employment Agreement (Sbarro Inc)

Salary. The Company shall pay the Executive during the Term a base salary at the rate of $350,000 325,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices of the Company applicable payable semi-monthly and subject to senior executives generallyregular deductions and withholdings as required by law. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee of the Board of Directors (the “Compensation Committee”), and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Coldwater Creek Inc)

Salary. The Company shall pay the Executive an annual base ------ salary hereunder of not less than $ 272,160, payable in equal semimonthly installments or at such other intervals as shall be agreed upon by the parties. The Executive's annual base salary may be increased from time to time as determined by the Board and, if so increased, such annual base salary shall not thereafter during the Term a base salary at Executive's employment under this Agreement be decreased and the rate of $350,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices obligation of the Company applicable hereunder to senior executives generally. The Annual Salary may be increased annually by an amount as may be approved by pay the Board or the Compensation Committee, and, upon such increase, the increased amount Executive's annual base salary shall thereafter be deemed relate to be the Annual Salary for purposes of this Agreementsuch increased annual base salary.

Appears in 1 contract

Samples: Employment Agreement (Premier National Bancorp Inc)

Salary. The Company shall pay During the term of his employment under this Agreement, the Executive during the Term a base shall be paid an annual salary at the initial rate of not less than $350,000 per annum 165,000.00 (the “Annual "Base Salary"), . The Base Salary may be increased from time to time by the Board of Directors of the Company (the "Board") in its sole and absolute discretion. The Board shall review the Base Salary at least annually at the end of each fiscal year of the Company. The Base Salary shall be paid in accordance with the customary Company's regular payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreementpractices.

Appears in 1 contract

Samples: Employment Agreement (Entrade Inc)

Salary. The Company shall pay the Executive during the Term a base salary at the rate of $350,000 760,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices of the Company applicable payable bi-weekly and subject to senior executives generallyregular deductions and withholdings as required by law. The Annual Salary may be increased (but not decreased) annually by an amount as may be approved by the Compensation Committee of the Board or the Compensation (“Committee”), and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Ciber Inc)

Salary. The Company shall pay the Executive during the Term a base salary at the rate of $350,000 375,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (U-Store-It Trust)

Salary. The Company shall pay to the Executive during the Term a an annualized base salary at the a rate of $350,000 per annum (161,360 in equal installments as nearly as practicable on the “Annual Salary”)Company’s regular payroll dates, in arrears. Such annualized base salary may be increased from time to time in accordance with the customary payroll normal business practices of the Company applicable to senior executives generallyCompany. The Annual Salary may annualized base salary of the Executive shall not be increased annually by an decreased below its then existing amount as may be approved by during the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes term of this Agreement.;

Appears in 1 contract

Samples: Employment Agreement (Evans & Sutherland Computer Corp)

Salary. The During the Employment Term, the Company shall pay to the Executive during the Term a base salary at the rate of $350,000 245,000 per annum subject to discretionary increase by the Company (the Annual Base Salary”), . Base Salary payable to the Executive hereunder shall be paid in accordance with the customary payroll practices of the Company applicable in effect from time to senior executives generally. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary time for purposes of this Agreementits executive employees.

Appears in 1 contract

Samples: Employment Agreement (Heritage Insurance Holdings, Inc.)

Salary. The During the Employment Term, the Company shall pay the Executive during Executive, in periodic installments on the Term same basis as other senior salaried executives of the Company, a base salary at the rate of $350,000 395,000 per annum (the “Annual "Base Salary"), in accordance with subject to such increases during the customary payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an amount Employment Term as may shall be approved by the Compensation Committee of the Board or of Directors of the Compensation CommitteeCompany (which increases, andwhen so approved, upon such increase, the increased amount shall to thereafter be deemed to be the Annual constitute Executive's Base Salary for purposes of this Agreement).

Appears in 1 contract

Samples: Employment Agreement (Triumph Group Inc /)

Salary. The Company shall pay the Executive during the Term a base salary at the rate of $350,000 235,000 per annum (the “Annual Salary”)year, in accordance with the customary payroll practices of the Company applicable to senior executives generally. The Annual Salary which may be increased annually by an amount as may be approved by the Board or of Directors at its discretion (the Compensation Committee, and, upon such increase, "Base Salary"). The Base Salary due the increased amount Executive hereunder shall thereafter be deemed payable in equal installments at the times other executives are paid less any amounts required to be withheld by the Annual Company from such Base Salary for purposes pursuant to the benefit plans of this AgreementSection 3(d) and applicable laws and regulations described under Section 10(e).

Appears in 1 contract

Samples: Employment Agreement (Omi Corp)

Salary. The Company shall pay the to Executive during the Term a base salary at the rate of $350,000 292,000 per annum year (the “Annual Salary”); provided, however, that the Annual Salary shall be automatically increased on April 1, 2017 to $365,000 per year. Executive’s Annual Salary shall be reviewed on at least an annual basis by the Board of Directors or its Compensation Committee, and shall be payable in accordance with the customary Company’s regular payroll practices of the Company applicable to senior executives generally. The Annual Salary may be increased annually by an amount as may be approved by the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreementpractices.

Appears in 1 contract

Samples: Employment Agreement (Dasan Zhone Solutions Inc)

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