The Base Salary definition

The Base Salary payable under this Section 2 shall be reduced to the extent that the Employee elects to defer such Base Salary under the terms of any deferred compensation or savings plan maintained or established by the Employer, provided that any such reduction of the Base Salary shall not be taken into account for purposes of calculating the Base Amount (as defined in Section 3). The Employer shall pay the Employee the Base Salary in biweekly installments, or in such other installments as may be mutually agreed upon by the Employer and the Employee.
View Source
The Base Salary shall not be taken into account for purposes of calculating the Base Amount (as defined in Section 3). The Employer shall pay the Employee the Base Salary in biweekly installments, or in such other installments as may be mutually agreed upon by the Employer and the Employee.
View Source
The Base Salary shall be payable in accordance with the present payroll practices of the Corporation. In addition, Executive may receive such additional compensation (in the form of bonuses and the like) that the Corporation's Board of Directors shall, in the exercise of its good faith and reasonable discretion, determine (including, but not limited to, the Bonus Compensation described at Section 4).
View Source

Examples of The Base Salary in a sentence

  • The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for senior executives.

  • The Base Salary will be paid periodically in accordance with the Company’s normal payroll practices and be subject to the usual, required withholdings.

  • The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

  • The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice.

  • The Base Salary will be paid periodically in accordance with the Company’s normal payroll practices and be subject to the usual, required withholding.

  • The Base Salary, including any increases, shall not be decreased during the Term.

  • The Base Salary shall be prorated for any partial year of employment on the basis of a 365-day fiscal year.

  • The Base Salary will be paid in regular installments in accordance with the Company’s normal payroll practices (subject to required withholding).

  • The Base Salary shall be paid in periodic installments in accordance with the Company’s regular payroll practices.

  • The Base Salary shall be paid at such intervals as the Company pays executive salaries generally.


More Definitions of The Base Salary

The Base Salary payable to the Executive in 1996 shall be prorated for the period from the Effective Date through December 31, 1996 and for any subsequent period of service less than one full year.
View Source

Related to The Base Salary

  • Annual Base Salary shall have the meaning set forth in Section 3(a).

  • Base Salary shall have the meaning set forth in Section 3(a) hereof.

  • Annual Salary means the salary given under this Part.

  • Monthly Base Salary means 1/12th of the greater of (i) Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control Termination or a Covered Termination, as applicable, or (ii) in the case of a Change in Control Termination, Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control.

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one day prior to the Change in Control, and (ii) the Average Incentive Bonus.