Common use of Base Salary and Benefits Clause in Contracts

Base Salary and Benefits. (a) During the Employment Period, Executive’s base salary shall be $150,000 per year (the “Base Salary”), which salary shall be payable in regular installments in accordance with the Company’s general payroll practices and shall be subject to required withholding. The Base Salary shall be reviewed by the Board for increase at least once every twelve (12) months.

Appears in 2 contracts

Samples: Employment Agreement (Rackable Systems, Inc.), Employment Agreement (Rackable Systems, Inc.)

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Base Salary and Benefits. (a) a. During the Employment Period, Executive’s 's base salary shall be $150,000 180,000 per year annum (the "Base Salary"), which salary shall be payable in regular installments in accordance with the Company’s 's general payroll practices practices, including those related to withholding for taxes, insurance and shall be subject to required withholdingsimilar items. The Executive's Base Salary shall be reviewed increased on January 1 of each calendar year, commencing January 1, 1998, by the Board for increase at least once every twelve Adjustment Percentage (12as defined below) months.of the Base Salary applicable to the previous fiscal year. As used herein, "

Appears in 2 contracts

Samples: Employment Agreement (White Cap Holdings Inc), Employment Agreement (White Cap Holdings Inc)

Base Salary and Benefits. (a) During the Employment Period, Executive’s 's base salary shall be $150,000 per year annum, including previous salary advances (along with any increases as provided for in Section 3(c) hereto, the "Base Salary"), which salary shall be payable in regular installments in accordance with the Company’s general payroll practices and shall be subject to required withholding. The Base Salary In addition, during the Employment Period, Executive shall be reviewed by entitled to participate in all of the Board Company's employee benefit programs for increase at least once every twelve (12) monthswhich senior executive employees of the Company are generally eligible.

Appears in 2 contracts

Samples: Employment Agreement (Gerald Stevens Inc/), Employment Agreement (Gerald Stevens Inc/)

Base Salary and Benefits. (a) During the Employment Period, Executive’s 's base salary shall be $150,000 100,000 per year annum or such higher rate as the Compensation Committee may designate from time to time (the "Base Salary"), which salary provided that the Base Salary shall be subject to annual increases of no less than the increase in the Consumer Price Index announced from time to time. The Base Salary shall be payable in regular installments in accordance with the Company’s 's general payroll practices and shall be subject to required withholding. The Base Salary shall be reviewed by the Board for increase at least once every twelve (12) monthspractices.

Appears in 2 contracts

Samples: Employment Agreement (Professional Medical Management Co), Employment Agreement (Professional Medical Management Co)

Base Salary and Benefits. (a) During the Employment Period, Executive’s base salary shall be $150,000 180,000 per year (the “Base Salary”), which salary shall be payable in regular installments in accordance with the Company’s general payroll practices and shall be subject to required withholding. The Base Salary shall be reviewed by the Board for increase at least once every twelve (12) months.

Appears in 2 contracts

Samples: Option Agreement (Rackable Systems, Inc.), Option Agreement (Rackable Systems, Inc.)

Base Salary and Benefits. (a) During the Employment Period, The Executive’s 's base salary shall be not less than $150,000 180,000 per year annum or such higher rate as this contract may designate from time to time (the "Base Salary"), which salary Base Salary shall be payable in regular installments in accordance with the Company’s 's general payroll practices and shall be subject to required withholdingwithholding and other payroll taxes. The Base Salary Such base salary shall be reviewed by increase incrementally at the Board for increase at least once every twelve same rate as the Consumer Price Index (12CPI) monthsof the previous year.

Appears in 1 contract

Samples: Employment Agreement (New Nrg, Inc.)

Base Salary and Benefits. (a) During the Employment Period, Executive’s 's base salary shall be Three Hundred Thousand and No/ 100 Dollars ($150,000 300,000.00) per year annum or such higher rate as the Board may designate from time to time (the "Base Salary"), which salary shall be payable semi-monthly in regular installments in accordance with the Company’s 's general payroll practices practices. Executive and the Chief Executive Officer shall have an annual review of Executive's performance hereunder and shall be subject to required withholding. The discuss Executive's Base Salary shall be reviewed by the Board for increase at least once every twelve (12) monthsand potential raises.

Appears in 1 contract

Samples: Employment Agreement (College Television Network Inc)

Base Salary and Benefits. (a) During the Employment Period, Executive’s 's base salary shall be $150,000 per year annum or such higher rate as the Company may designate from time to time (the "Base Salary"), which salary shall be payable in regular ----------- installments in accordance with the Company’s 's general payroll practices and shall be subject to required customary withholding. The Base Salary In addition, during the Employment Period, Executive shall be reviewed by entitled to participate in all of the Board Company's employee benefit programs for increase at least once every twelve (12) monthswhich senior executive employees of the Company and its subsidiaries are generally eligible.

Appears in 1 contract

Samples: Employment Agreement (Chirex Inc)

Base Salary and Benefits. (a) During the Employment Period, Executive’s 's base salary shall be $150,000 210,000 per year annum or such higher rate as the Company may designate from time to time (the "Base Salary"), which salary shall be payable in regular installments ----------- in accordance with the Company’s 's general payroll practices and shall be subject to required customary withholding. The Base Salary During the Employment Period, Executive shall be reviewed by entitled to participate in all of the Board Company's employee benefit programs for increase at least once every twelve (12) monthswhich senior executive employees of the Company and its subsidiaries are generally eligible.

Appears in 1 contract

Samples: Employment Agreement (Chirex Inc)

Base Salary and Benefits. (a) During the Employment Period, Executive’s 's base salary shall be Five Hundred Thousand and No/ 100 Dollars ($150,000 500,000.00) per year annum or such higher rate as the Board may designate from time to time (the "Base Salary"), which salary shall be payable semi-monthly in regular installments in accordance with the Company’s 's general payroll practices and shall be subject to required withholding. The Base Salary shall be reviewed by the Board for increase at least once every twelve (12) monthspractices.

Appears in 1 contract

Samples: Employment Agreement (College Television Network Inc)

Base Salary and Benefits. (a) During the Employment Period, Executive’s 's base salary shall be $150,000 per year annum or such higher rate as the Board may designate from time to time (the "Base Salary"), which salary shall be payable in regular installments in accordance with the Company’s 's general payroll practices and shall be subject to required customary withholding. The Base Salary shall be reviewed by the Board for increase at least once every twelve (12) months.

Appears in 1 contract

Samples: Employment Agreement (Trans Leasing International Inc)

Base Salary and Benefits. (a) During the Employment Period, Executive’s 's base salary shall be $150,000 200,000 per year annum or such higher rate as the Board in its sole discretion may designate from time to time (the "Base Salary"), which salary shall be payable ----------- in regular installments in accordance with the Company’s 's general payroll practices and shall be subject to required customary withholding. The Base Salary shall be reviewed by the Board for increase at least once every twelve (12) months.

Appears in 1 contract

Samples: Employment Agreement (E Tek Dynamics Inc)

Base Salary and Benefits. (a) During the Employment Period, Executive’s 's base salary shall be $150,000 100,000 per year annum and shall be subject to review by the Board on an annual basis (the "Base Salary"), which salary shall be payable in regular installments in accordance with the Company’s 's general payroll practices and shall be subject to required customary withholding. The Base Salary In addition, during the Employment Period, Executive shall be reviewed by entitled to participate in all of the Board Company's employee benefit programs for increase at least once every twelve (12) monthswhich senior executive employees of the Company and its Subsidiaries are generally eligible.

Appears in 1 contract

Samples: Employment Agreement (MST Enterprises Inc)

Base Salary and Benefits. (ai) During the Employment Period, Executive’s 's base salary shall be $150,000 230,000 per year annum (the "Base Salary"), which salary shall be payable in regular installments in accordance with the Company’s 's general payroll practices practices. Following the first anniversary of the date hereof, Executive's salary (and shall be subject to required withholding. The Base Salary shall other benefits) will be reviewed by the Board for increase at least once every twelve annually and may be increased (12but not decreased) monthsas the Board may determine based upon performance and other reasonable factors.

Appears in 1 contract

Samples: Employment Agreement (Osullivan Industries Holdings Inc)

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Base Salary and Benefits. (ai) During the Employment Period, Executive’s 's base salary shall be $150,000 1,000,000 per year annum (the "Base Salary"), which salary shall be payable in regular installments in accordance with the Company’s 's general payroll practices practices. Following the second anniversary of the date hereof, Executive's salary (and shall be subject to required withholding. The Base Salary shall other benefits) will be reviewed by the Board for increase at least once every twelve annually and may be increased (12but not decreased) monthsfrom time to time as the Board may determine based upon performance and other reasonable factors.

Appears in 1 contract

Samples: Employment Agreement (Osullivan Industries Holdings Inc)

Base Salary and Benefits. (ai) During the Employment Period, Executive’s 's base salary shall be $150,000 250,000 per year annum (the "Base Salary"), which salary shall be payable in regular installments in accordance with the Company’s 's general payroll practices practices. Following the first anniversary of the date hereof, Executive's salary (and shall be subject to required withholding. The Base Salary shall other benefits) will be reviewed by the Board for increase at least once every twelve annually and may be increased (12but not decreased) monthsas the Board may determine based upon performance and other reasonable factors.

Appears in 1 contract

Samples: Employment Agreement (Osullivan Industries Holdings Inc)

Base Salary and Benefits. (a) During the Employment Period, Executive’s base salary shall be $150,000 100,000 per year annum (the “Base Salary”), which salary shall be ) payable in regular installments cash and in accordance with the Company’s general payroll practices and shall be subject to required withholdingpractices. The Base Salary shall be reviewed by subject to upward adjustment in the Board for increase at least once every twelve (12) monthsdiscretion of the Company’s Chief Executive Officer.

Appears in 1 contract

Samples: Employment Agreement (Provide Commerce Inc)

Base Salary and Benefits. (a) During the Employment Period, Executive’s 's base salary shall be $150,000 140,000 per year annum (the "Base Salary"). The Base Salary shall be subject to adjustment from time to time in accordance with the compensation policies and practices of the Company; however, which in no case shall Executive's salary be reduced below $140,000 per annum. The Base Salary shall be payable in regular installments in accordance with the Company’s 's general payroll practices and shall be subject to required customary withholding. The Base Salary shall be reviewed by the Board for increase at least once every twelve (12) months.

Appears in 1 contract

Samples: Employment Agreement (Warner Chilcott PLC)

Base Salary and Benefits. (a) During the Employment Period, Executive’s 's base salary shall be $150,000 110,000 per year annum or such higher rate as the Board may designate from time to time (the "Base Salary"), which salary provided that the Base Salary shall be subject to annual increases of no less than the increase in the Consumer Price Index announced from time to time. The Base Salary shall be payable in regular installments in accordance with the Company’s 's general payroll practices and shall be subject to required withholding. The Base Salary shall be reviewed by the Board for increase at least once every twelve (12) monthspractices.

Appears in 1 contract

Samples: Employment Agreement (Professional Medical Management Co)

Base Salary and Benefits. (a) During the Employment Period, Executive’s 's base salary shall be $150,000 100,000 per year annum or such higher rate as the Board may designate from time to time (the "Base Salary"), which salary shall be payable in regular installments ----------- in accordance with the Company’s 's general payroll practices and shall be subject to required customary withholding. The Base Salary In addition, during the Employment Period, Executive shall be reviewed by entitled to participate in all of the Board Company's employee benefit programs for increase at least once every twelve (12) monthswhich senior executive employees of the Company and its subsidiaries are generally eligible.

Appears in 1 contract

Samples: Employment Agreement (Chirex Inc)

Base Salary and Benefits. (a) During the Employment Period, Executive’s 's base salary shall be $150,000 100,000.00 per year annum and shall be subject to review by the Board on an annual basis (the "Base Salary"), which salary shall be payable in regular installments in accordance with the Company’s 's general payroll practices and shall be subject to required customary withholding. The Base Salary In addition, during the Employment Period, Executive shall be reviewed by entitled to participate in all of the Board Company's employee benefit programs for increase at least once every twelve (12) monthswhich senior executive employees of the Company and its Subsidiaries are generally eligible.

Appears in 1 contract

Samples: Employment Agreement (MST Enterprises Inc)

Base Salary and Benefits. (a) During the Employment Period, Executive’s base salary shall be $150,000 per year (the “Base Salary”), which salary shall be payable in regular installments in accordance with the Company’s general payroll practices and shall be subject to required withholding. The Base Salary shall be reviewed by the Board for increase at least once every twelve (12) months.

Appears in 1 contract

Samples: Employment Agreement (Rackable Systems, Inc.)

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