Wage. An hourly wage of $25.00 ("Wage"), which shall be payable at the times and in the manner set by the Company's standard payroll policy. Such Salary shall be reviewed one (1) month prior to the anniversary of the Commencement Date each year, and any increase in the amount under this Agreement for the twelve (12) month period following the Commencement Date anniversary date shall be determined at such time by the Board of Directors of the Company, or a compensation committee formed by the Board of Directors.
Appears in 2 contracts
Samples: Employment Agreement (Phage Therapeutics International Inc), Employment Agreement (Phage Therapeutics International Inc)
Wage. An hourly wage of $25.00 17.00 ("Wage"), which shall be payable at the times and in the manner set by the Company's standard payroll policy. Such Salary shall be reviewed one (1) month prior to the anniversary of the Commencement Date each year, and any increase in the amount under this Agreement for the twelve (12) month period following the Commencement Date anniversary date shall be determined at such time by the Board of Directors of the Company, or a compensation committee formed by the Board of Directors.
Appears in 2 contracts
Samples: Employment Agreement (Phage Therapeutics International Inc), Employment Agreement (Phage Therapeutics International Inc)