Compensation of Executive. (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $225,000 per annum (the “Base Salary). The Corporation shall review the Base Salary on an annual basis and agrees to increase it by at least 10% per annum, but has no right to decrease the Base Salary.
Compensation of Executive. 3.1 The Company shall pay Executive a base salary of One Hundred Ten Thousand Pounds Sterling (110,000)(the "Base Salary"), payable in accordance with the Company policy. Such salary shall be pro rated for any partial year of employment on the basis of a 365-day fiscal year. Executive will be eligible for bonuses from time to time as determined by the Board.
Compensation of Executive. 3.1 While employed by the Company, as compensation for proper and satisfactory performance of all duties to be performed hereunder, the Company shall pay Executive an annual base salary of Two Hundred Eighty Thousand Dollars, $280,000 per year (the “Base Salary”), payable in regular periodic payments in accordance with Company policy. Such salary shall be prorated for any partial year of employment on the basis of a 365-day fiscal year. In addition, Executive will be eligible for an incentive bonus of up to 25% of base salary, based upon defined milestones.
Compensation of Executive. 3.1 The Company shall pay Executive a base salary of One Hundred and Fifty Thousand Dollars ($150,000.00) per year ("Base Salary"), payable in regular periodic payments in accordance with Company policy. Such salary shall be prorated for any partial year of employment on the basis of a 365-day fiscal year. Executive's Base Salary shall be subject to annual review and thereafter Executive shall be entitled to such increase in Base Salary as the Board may determine from time to time.
Compensation of Executive. As compensation for the services to be performed under this Agreement:
Compensation of Executive. 3.1 While employed by the Company, as compensation for proper and satisfactory performance of all duties to be performed hereunder, the Company shall pay Executive an annual base salary of One Hundred Forty-Five Thousand Dollars, $145,000 per year (the "Base Salary"), payable in regular periodic payments in accordance with Company policy. Such salary shall be prorated for any partial year of employment on the basis of a 365-day fiscal year. In addition, Executive will be eligible for an incentive bonus of up to 20% of the Executive's annualized base salary hereunder, based upon defined milestones during the agreement period.
Compensation of Executive. A. As compensation for the services and duties performed and to be performed by Executive as provided in this Agreement, the Company agrees to pay Executive a salary in the amount of ONE HUNDRED EIGHTY THOUSAND DOLLARS ($180,000) per annum (“Base Salary”), less applicable withholding, F.I.C.A., and other lawful deductions, such salary to be payable semi-monthly, in equal installments, in arrears, and otherwise in accordance with the Company’s payroll policies in effect from time to time. The Compensation Committee of the Board will review Executive's compensation annually to consider possible upward adjustments (it being agreed that the base salary shall not be reduced during the Initial Term).
Compensation of Executive. 3.1 While employed by the Company, as compensation for proper and satisfactory performance of all duties to be performed hereunder, the Company shall pay Executive an annual base salary of One Hundred Forty Thousand Dollars ($140,000) per year (the "Base Salary"), payable in regular periodic payments in accordance with Company policy. Such salary shall be prorated for any partial year of employment on the basis of a 365-day fiscal year. In addition, Executive will be eligible for an incentive bonus of up to $28,000, based upon defined milestones, during the agreement period.
Compensation of Executive. 4.1. During the term of this Agreement, the Company shall pay Executive a salary (the "Base Salary") of Two Hundred Forty One Thousand Five Hundred Dollars ($241,500) per year, payable in regular periodic payments in accordance with Company policy. Such salary shall be prorated for any partial year of employment on the basis of a 365-day year."
Compensation of Executive. 3.1 The Company shall pay Executive a base salary of One Hundred Thousand Dollars ($100,000) per year (the "Base Salary"), payable in accordance with the Company policy. Such salary shall be pro rated for any partial year of employment on the basis of a 365-day fiscal year. Executive's Base Salary will be increased to at least One Hundred Fifty Thousand Dollars ($150,000) per year at the time the Company reaches profitability for a full fiscal year. Executive will be eligible for bonuses from time to time as determined by the Board.
