Common use of Base Salary Clause in Contracts

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.

Appears in 3 contracts

Samples: Executive Employment Agreement (Credence Systems Corp), Executive Employment Agreement (Credence Systems Corp), Executive Employment Agreement (Credence Systems Corp)

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Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base to Employee a salary at the rate of Two Hundred and Eighty-five Thousand Dollars ($285,000200,000) per year, as adjusted as permitted in this subsection (the "Base Salary"). The Base Salary shall be paid in accordance with the Company’s regularly established 's standard bi-weekly payroll practicepractices. Executive’s The Base Salary will be reviewed and adjusted from time to time in accordance with the established Company's procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companysenior executives.

Appears in 3 contracts

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

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base a salary at the rate of Two Three Hundred and Eighty-five Thousand Dollars ($285,000300,000) per year (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the CompanyBoard or the compensation committee thereof.

Appears in 2 contracts

Samples: Executive Employment Agreement (Ultragenyx Pharmaceutical Inc.), Executive Employment Agreement (Ultragenyx Pharmaceutical Inc.)

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base a salary at the rate of Two Three Hundred and Eighty-five Eighty Five Thousand Dollars ($285,000385,000) per year (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary for the second year of the Term will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company, as directed by the Board of Directors of the Company.

Appears in 2 contracts

Samples: Ceo Employment Agreement (BBCN Bancorp Inc), Ceo Employment Agreement (BBCN Bancorp Inc)

Base Salary. In consideration of During the Term, for all services to be rendered under this Agreement, the Company Executive shall pay Executive receive an aggregate annual base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“Base Salary”). The Base Salary shall be paid ) at an initial rate of $500,000, payable in accordance with the Company’s regularly established applicable payroll practicepractices. Executive’s Base Salary will shall be reviewed from time subject to time review by the Board for increases, but not decrease, in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the its sole discretion of and references in this Agreement to “Base Salary” shall be deemed to refer to the Companymost recently effective annual base salary rate.

Appears in 2 contracts

Samples: Employment Agreement (Direct Holdings Libraries Inc.), Employment Agreement (Readers Digest Association Inc)

Base Salary. In consideration The Company agrees to pay or cause to be paid to the Executive during the term of this Agreement a base salary at the rate of $700,000. This base salary will be subject to annual review and may be increased from time to time by the Board considering factors such as the executive's responsibilities, compensation of similar executives within the company and in other companies, performance of the services executive and other pertinent factors (hereinafter referred to be rendered under this Agreement, as the Company shall pay Executive an annual base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“"Base Salary"). The Such Base Salary shall be paid payable in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time 's customary practices applicable to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companyits executives.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Intimate Brands Inc), Restricted Stock Agreement (Intimate Brands Inc)

Base Salary. In consideration of During the Term, for all services to be rendered under this Agreement, the Company Executive shall pay Executive receive an aggregate annual base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (the “Base Salary”)) at a rate of $550,000, payable in accordance with the Company’s applicable payroll practices. References in this Agreement to “Base Salary” shall be deemed to refer to the most recently effective annual base salary rate. The Base Salary shall be paid in accordance with reviewed annually by the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees Board and may be adjusted increased, but not decreased, in the sole discretion of the CompanyBoard.

Appears in 2 contracts

Samples: Employment Agreement (Knowlton Development Corp Inc), Employment Agreement (Knowlton Development Parent, Inc.)

Base Salary. In consideration of the For all services to be rendered under by Executive pursuant to this Agreement, the Company shall agrees to pay Executive during the Employment Period a base salary (the "Base Salary") at an annual base salary rate of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“200,000, with such adjustments to the Base Salary”)Salary as shall be determined by the Board in its sole discretion. The Base Salary shall be paid in periodic installments in accordance with the Company’s regularly established 's regular payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companypractices.

Appears in 2 contracts

Samples: Executive Employment Agreement (Bullfrog Gold Corp.), Executive Employment Agreement (Bullfrog Gold Corp.)

Base Salary. In consideration of The Company shall pay the Executive, and the Executive shall accept, as full compensation for all services to be rendered under this Agreementhereunder, a basic salary (the "Base Salary") and the other compensation and benefits provided hereunder. The Executive's Base Salary effective the date his employment commences with the Company shall pay Executive be at an annual base salary rate of Two One Hundred and Eighty-five Twenty Thousand Dollars ($285,000) (“Base Salary”US$120,000). The Base Salary shall be paid , payable in accordance approximately equal installments at such intervals as are consistent with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company 's pay periods for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companysalaried executive employees.

Appears in 2 contracts

Samples: Employment Agreement (Precision Auto Care Inc), Employment Agreement (Precision Auto Care Inc)

Base Salary. In consideration of As compensation in full for the services to be rendered by the Executive under this AgreementAgreement during the Term, the Company shall pay to Executive an annual a base salary of Two Hundred $650,000 for year one, $700,000 during year two and Eighty-five Thousand Dollars $750,000 during year three ($285,000) (“the "Base Salary"). The , which Base Salary shall be paid in accordance with the Company’s regularly established 's normal payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companypolicies.

Appears in 2 contracts

Samples: Employment Agreement (International Game Technology), Employment Agreement (International Game Technology)

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base a salary at the rate of Two Hundred and Eighty-five Forty Thousand Dollars ($285,000240,000) per year (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.

Appears in 2 contracts

Samples: Executive Employment Agreement (Ardelyx, Inc.), Executive Employment Agreement (Derycz Scientific Inc)

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base a salary at the rate of Two Hundred and EightySeven-five Hundred-Fifty-Thousand Dollars ($285,000750,000.00) per year (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted increased in the sole discretion of the Company.

Appears in 2 contracts

Samples: Executive Employment Agreement (Cherokee Inc), Executive Employment Agreement (Cherokee Inc)

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base a salary of Two One Hundred and Eighty-five Eighty Thousand Dollars ($285,000180,000) per year (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.

Appears in 2 contracts

Samples: Executive Employment Agreement (Vitality Biopharma, Inc.), Executive Employment Agreement (Vitality Biopharma, Inc.)

Base Salary. In consideration During the term of the services to be rendered under this Agreement, the Company shall pay Executive an annual a base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“Base Salary”). The Base Salary shall be paid salary, payable in equal installments in accordance with the Company’s regularly established payroll practicestandard schedule for salary payments to its employees, at an initial annual rate equal to $385,000. Executive’s Base Salary will base salary shall be reviewed from time to time in accordance with annually by the established procedures Compensation Committee of the Company for adjusting salaries for similarly situated employees Board (the “Compensation Committee”), commencing in January 2011, and may be adjusted in after each such review after discussions between the sole discretion of the CompanyCompany and Executive.

Appears in 2 contracts

Samples: Employment Agreement (Selecta Biosciences Inc), Employment Agreement (Selecta Biosciences Inc)

Base Salary. In consideration of the services to be rendered under this AgreementEffective January 1, 2024, the Company shall will pay to the Executive an annual base salary of Two Five Hundred and Eighty-five Fifteen Thousand Dollars ($285,000515,000) (“Base Salary”)payable in accordance with the customary payroll practices of the Company. The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed subject to adjustment from time to time time, as determined by the Board or its designee in accordance with the established procedures its sole discretion. For purposes of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companythis Agreement, "Base Salary" shall mean Executive's base salary as adjusted.

Appears in 2 contracts

Samples: Employment Agreement (Blue Bird Corp), Employment Agreement (Blue Bird Corp)

Base Salary. In consideration of The Company shall pay the Executive, and the Executive shall accept, as full compensation for all services to be rendered under this Agreementhereunder, a basic salary (the "Base Salary") and the other compensation and benefits provided hereunder. The Executive's Base Salary effective the date his employment commences with the Company shall pay Executive be at an annual base salary rate of Two One Hundred and EightyThirty-five Five Thousand Dollars ($285,000) (“Base Salary”135,000). The Base Salary shall be paid , payable in accordance approximately equal installments at such intervals as are consistent with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company 's pay periods for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companysalaried executive employees.

Appears in 2 contracts

Samples: Employment Agreement (Precision Auto Care Inc), Employment Agreement (Precision Auto Care Inc)

Base Salary. In consideration of the services to be rendered under this Agreement, the The Company shall pay the Executive an annual base salary at a rate of Two Hundred $18,125.00 paid twice monthly (which annualizes to $435,000.00), less withholdings and Eighty-five Thousand Dollars ($285,000) (“Base Salary”)deductions required and/or permitted by law. The Base Salary Executive’s base salary shall be paid in accordance conformity with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time practices generally applicable to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company’s senior executives.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (Dicerna Pharmaceuticals Inc)

Base Salary. In consideration During the term of the services to be rendered under this Agreement, the Company shall pay provide Executive an annual with a base salary of Two Hundred and Eighty-five Thousand Dollars no less than four hundred thousand dollars ($285,000400,000.00) (“Base Salary”). The Base Salary shall be per year, paid in accordance with the Company’s regularly established normal payroll practice. Executive’s policies (“Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the CompanySalary”).

Appears in 2 contracts

Samples: Executive Employment Agreement (GameStop Corp.), Executive Employment Agreement (GameStop Corp.)

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base a salary of Two equivalent to One Hundred and Eighty-five Seventy Thousand Dollars ($285,000170,000) per year (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive's Base Salary shall be reduced by withholdings required by law. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.

Appears in 2 contracts

Samples: Employment Agreement (BioLineRx Ltd.), Employment Agreement (BioLineRx Ltd.)

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual a monthly base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) 4,000, less all applicable wage deductions (“Base Salary”). The Base Salary shall be paid to Executive in accordance with the Company’s regularly established payroll practice. Executive’s The Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees wages and may be adjusted in the sole discretion of the Company.

Appears in 2 contracts

Samples: Executive Employment Agreement (Chuma Holdings, Inc.), Executive Employment Agreement (Chuma Holdings, Inc.)

Base Salary. In consideration of the Employer shall pay to Executive, and Executive shall accept, for all services to which may be rendered under by him pursuant to this Agreement, the Company shall pay Executive an annual a base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“"Base Salary”)") as hereinafter set forth. The Base Salary during the term of this Agreement shall initially be at the annual rate of $120,000 per year and shall increase to $200,000 per annum on January 1, 2005 and an additional 10% on each December 31 during the term of this Agreement. Employer agrees that any amounts not paid in accordance with the Company’s regularly established payroll practice. when due to Executive shall accrue to Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company's benefit.

Appears in 2 contracts

Samples: Employment Agreement (Nesco Industries Inc), Employment Agreement (Nesco Industries Inc)

Base Salary. In consideration of For services rendered by the services to be rendered Executive under this AgreementAgreement during the Employment Period, the Company shall pay to the Executive an annual base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“Base Salary”), evenly paid twice a month or on such other schedule as salaried employees of the Company are generally and regularly compensated. The Effective as of January 1, 2023, through the term of this Agreement, the Base Salary shall be paid in accordance with at the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures rate of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companyno less than $650,000 per year.

Appears in 2 contracts

Samples: Employment Agreement (AGNC Investment Corp.), Employment Agreement (AGNC Investment Corp.)

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base salary of Two Three Hundred and Eighty-five Thousand Dollars ($285,000300,000) (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.

Appears in 2 contracts

Samples: Employment Agreement, Executive Employment Agreement (Credence Systems Corp)

Base Salary. In consideration of the services to be rendered under this Agreement, the The Company shall pay Executive as compensation for his services an annual annualized base salary of Two Hundred and Eighty-five Thousand Dollars dollars ($285,000200,000.00) (the “Base Salary”), less applicable deductions and withholdings, payable in periodic installments in accordance with the Company’s regular payroll practices in effect from time to time. The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will reviewed and shall be reviewed subject to increase from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in at the sole discretion of the CompanyBoard.

Appears in 2 contracts

Samples: Employment and Severance Agreement (TigerLogic CORP), Employment and Severance Agreement (TigerLogic CORP)

Base Salary. In consideration During the Term of the services to be rendered under this Agreement, the Company Executive shall pay Executive an annual receive a base salary at a gross rate of Two Hundred and Eighty-five Fifty Thousand Dollars ($285,000250,000) per annum (the “Base Salary”). The Base Salary shall be paid , payable in substantially equal installments in accordance with the Company’s regularly established normal payroll practicepractices for payment of its employees, as in effect from time to time. Executive’s Base Salary will shall be reviewed subject to upward adjustment from time to time time, as determined by the Board (or a committee thereof) in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may its sole discretion, but shall not be adjusted in the sole discretion of the Companydownward.

Appears in 2 contracts

Samples: Employment Agreement (Forza X1, Inc.), Employment Agreement (Twin Vee PowerCats, Co.)

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“a "Base Salary”)" in consideration for Executive's services to Company at the rate of $200,000 per annum. The Base Salary shall be paid payable as nearly as possible in accordance with the equal semi-monthly installments or in such other installments as are customary from time to time for Company’s regularly established payroll practice's or Parent's executives. Executive’s The Base Salary will may be reviewed adjusted from time to time in accordance with the procedures established procedures of by Company or Parent for salary adjustments for executives, provided that the Company for adjusting salaries for similarly situated employees and may Base Salary shall not be adjusted in the sole discretion of the Companyreduced.

Appears in 2 contracts

Samples: Employment Agreement (Insight Enterprises Inc), Employment Agreement (Direct Alliance Corp)

Base Salary. In consideration of the all services to be rendered by Executive under this Agreement, the Company shall pay Executive an annual a base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (the “Base Salary”)) at an annual rate of $125,000 during the Employment Period. The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of such installments and at such times as the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companypays its regularly salaried employees, but no less often than once per month.

Appears in 2 contracts

Samples: Employment Agreement (Sidus Space Inc.), Employment Agreement (Sidus Space Inc.)

Base Salary. In consideration of During the Term, for all services to be rendered under this Agreement, the Company Executive shall pay Executive receive an aggregate annual base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (the “Base Salary”)) at a rate of US$650,000, payable in accordance with the Company’s applicable payroll practices. References in this Agreement to “Base Salary” shall be deemed to refer to the most recently effective annual base salary rate. The Base Salary shall be paid in accordance with reviewed annually by the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees Board and may be adjusted increased, but not decreased, in the sole discretion of the CompanyBoard.

Appears in 2 contracts

Samples: Employment Agreement (Knowlton Development Corp Inc), Employment Agreement (Knowlton Development Parent, Inc.)

Base Salary. In consideration The Company agrees to pay or cause to be paid to the ----------- Executive during the term of this Agreement a base salary at the rate of $700,000. This base salary will be subject to annual review and may be increased from time to time by the Board considering factors such as the executive's responsibilities, compensation of similar executives within the company and in other companies, performance of the services executive and other pertinent factors (hereinafter referred to be rendered under this Agreement, as the Company shall pay Executive an annual base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“"Base Salary"). The Such Base Salary shall be paid payable in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time 's customary practices applicable to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companyits executives.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Limited Inc), Restricted Stock Agreement (Abercrombie & Fitch Co /De/)

Base Salary. In consideration of the For all services to be rendered under by the Executive pursuant to this Agreement, the Company shall agrees to pay the Executive an annual during the Employment Term a base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (the “Base Salary”)) at a rate of $300,000 per year. The Base Salary shall be paid in periodic installments in accordance with the Company’s regularly established regular payroll practicepractices. Executive’s Base Salary will shall be reviewed from time to time in accordance with by the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the CompanyBoard on an annual basis.

Appears in 2 contracts

Samples: Employment Agreement (Veracyte, Inc.), Employment Agreement (Veracyte, Inc.)

Base Salary. In consideration of During the Term, for all services to be rendered under this Agreement, the Company Executive shall pay Executive receive an aggregate annual base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (the “Base Salary”)) at a rate of $400,000, payable in accordance with the Company’s applicable payroll practices. References in this Agreement to “Base Salary” shall be deemed to refer to the most recently effective annual base salary rate. The Base Salary shall be paid in accordance with reviewed annually by the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees Board and may be adjusted increased, but not decreased, in the sole discretion of the CompanyBoard.

Appears in 2 contracts

Samples: Employment Agreement (Knowlton Development Corp Inc), Employment Agreement (Knowlton Development Parent, Inc.)

Base Salary. In consideration During the term of the services to be rendered under this Agreement, the Company shall pay the Executive an annual base a salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“the "Base Salary”)") of $160,000 per annum, prorated for partial years of employment. The Base Salary shall be paid payable twice monthly in accordance with the Company’s regularly established general payroll practice. Executive’s Base Salary will be reviewed practices of the Company in effect from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companytime.

Appears in 2 contracts

Samples: Employment Agreement (Market Hub Partners Storage Lp), Employment Agreement (Market Hub Partners Storage Lp)

Base Salary. In consideration During the Period of the services to be rendered under this AgreementEmployment, the Company shall agrees to pay Executive an annual a base salary of Two Hundred and EightyForty-five Thousand Dollars dollars ($285,000$ 245,000.00) per annum, less standard deductions and authorized withholdings (the Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established standard payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companypractices.

Appears in 2 contracts

Samples: Employment Agreement (Malibu Boats, Inc.), Employment Agreement (Malibu Boats, Inc.)

Base Salary. In consideration For all services rendered hereunder during the term of the services to be rendered under this Agreement, the Company Executive shall pay Executive be paid an annual base salary ("Base Salary") of Two Hundred and EightySeventy-five Five Thousand Dollars ($285,00075,000.00) (“Base Salary”)per year. The Company and the Executive agree that such base salary is reasonable and is based upon the fair market rate in the marketplace for similar services by similarly qualified executives. The Base Salary shall be paid in bi-weekly installments in accordance with the Company’s regularly established 's usual payroll practicepractices. Executive’s Base Salary will The Executive shall also be reviewed from time eligible to time in accordance with receive an annual bonus based upon specific Company financial performance criterion to be mutually developed by the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companyparties.

Appears in 2 contracts

Samples: Employment Agreement (Medley Credit Acceptance Corp), Employment Agreement (Medley Credit Acceptance Corp)

Base Salary. In consideration of For services rendered by the services to be rendered Executive under this Agreement, the Company shall pay the Executive an annual a base salary during the Employment Period at the rate of Two One Hundred and Eighty-five Forty Thousand Dollars ($285,000140,000) (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted per year, payable in the sole discretion same manner as salaries of other executive officers of the Company.

Appears in 2 contracts

Samples: Employment Agreement (Dynamicweb Enterprises Inc), Employment Agreement (Dynamicweb Enterprises Inc)

Base Salary. In consideration During the Term of the services to be rendered under this Agreement, the Company shall pay to the Executive an annual a base salary at the rate of Two Hundred and Eighty-five Thousand Dollars (not less than $285,000) (“Base Salary”)150,000 per annum. The Base Salary Such base salary shall be paid in accordance with equal installments on the Company’s regularly established 's regular payroll practicedates during the term of this Agreement. The Executive’s Base Salary will 's base salary shall be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees annually and may be adjusted in the sole discretion of the Companyincreased (but not decreased).

Appears in 2 contracts

Samples: Employment Agreement (Realco Inc /Nm/), Employment Agreement (Realco Inc /Nm/)

Base Salary. In consideration of the all services to be rendered by Executive under this Agreement, the Company shall pay Executive an annual a base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (the “Base Salary”)) at an annual rate of $450,000 during the Employment Period. The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of such installments and at such times as the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companypays its regularly salaried employees, but no less often than once per month.

Appears in 2 contracts

Samples: Employment Agreement (Hoth Therapeutics, Inc.), Employment Agreement (Unicycive Therapeutics, Inc.)

Base Salary. (a) In consideration of the all services to be rendered by Executive under this Agreement, the Company shall pay Executive an annual a base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (the “Base Salary”)) at an annual rate of $250,000. The Changes to Executive’s Base Salary shall be paid Salary, if any, may occur from time to time in accordance with the Company’s regularly established payroll practicesole discretion. Such changes to Executive’s Base Salary will be reviewed from time depend upon a number of factors, including but not limited to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of Executive’s performance, the Company’s financial performance, and the general economic environment.

Appears in 2 contracts

Samples: Employment Agreement (Osmotica Pharmaceuticals PLC), Employment Agreement (Osmotica Pharmaceuticals LTD)

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base a salary at the rate of Two Three Hundred and Eighty-five Fifty Thousand Dollars ($285,000350,000) per year (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.

Appears in 2 contracts

Samples: Executive Employment Agreement (Amesite Operating Co), Executive Employment Agreement (Amesite Inc.)

Base Salary. In consideration of the For all services to be rendered under by Executive pursuant to this Agreement, the Company shall agrees to pay Executive during the Employment Period an annual initial base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (the “Base Salary”)) at an annual rate of $135,000. The Base Salary shall be paid in periodic installments in accordance with the Company’s regularly established regular payroll practicepractices, subject to withholdings and deductions required and/or permitted by law. Executive’s The Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted subject to further adjustment in the sole discretion of the CompanyCompany at any time.

Appears in 2 contracts

Samples: Executive Employment Agreement (Be Active Holdings, Inc.), Executive Employment Agreement (Be Active Holdings, Inc.)

Base Salary. In Subject to the terms and conditions herein, in consideration of the services to be rendered under this Agreementby the Executive hereunder and provided that the Executive has performed in all material respects all of her obligations provided for herein, the Company shall will pay to the Executive an annual a base salary (the "Base Salary") at a minimum of Two Hundred and Eighty-five Fifty Thousand Dollars ($285,000250,000) (“Base Salary”)per year during the Term. The Base Salary shall be paid in accordance with the Company’s regularly established 's normal payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.

Appears in 2 contracts

Samples: Employment Agreement (Aurora Foods Inc /De/), Employment Agreement (Aurora Foods Inc /Md/)

Base Salary. In consideration of for the services to be rendered by Executive under this Agreement, the Company shall pay to Executive a salary at an annual base salary of rate equal to Two Hundred and Eighty-five Thousand Dollars ($285,000) (“Base Salary”200,000). The Base Salary annual salary payable under this Section 4(a) shall be paid in approximately equal installments in accordance with the Company’s regularly established 's customary payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companypractices.

Appears in 2 contracts

Samples: Executive Employment Agreement (Bio Aqua Systems Inc), Executive Employment Agreement (Bio Aqua Systems Inc)

Base Salary. In consideration of As compensation for the services to be rendered under performed by Executive during the continuance of this Agreement, the Company shall pay Executive an annual a base salary of Two Hundred and Eighty-five Thousand Dollars $400,000 per year for each year of his employment hereunder ($285,000) (“the "Base Salary"). The Base Salary shall be paid payable in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures substantially equal bi-weekly installments and reduced on a pro rata basis for any fraction of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companya year or month during which Executive is not so employed.

Appears in 2 contracts

Samples: Employment Agreement (Bell Industries Inc), Employment Agreement (Bell Industries Inc)

Base Salary. In consideration of During the services to Term, Executive shall be rendered under this Agreement, the Company shall pay Executive an annual paid a base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“Base Salary”) of $66,666.67 per month (or $800,000 on an annualized basis). The Base Salary shall be paid , subject to applicable withholding, in accordance with the Company’s regularly established normal payroll practiceprocedures. Executive’s Base Salary will shall be reviewed from time to time in accordance with on an annual basis by the established procedures of the Company Board for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of possible increase (but not decrease) based on the Company’s operating results and financial condition, salaries paid to other Company executives, and general marketplace and other applicable considerations. Such increased Base Salary, if any, shall then constitute Executive’s “Base Salary” for purposes of this Agreement.

Appears in 2 contracts

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

Base Salary. In consideration During the term of the services to be rendered under this Agreement, the Company shall pay provide Executive an annual with a base salary of Two Hundred and Eighty-five Thousand Dollars no less than nine hundred thousand dollars ($285,000900,000.00) (“Base Salary”). The Base Salary shall per year, as adjusted from time to time, to be paid in accordance with the Company’s regularly established normal payroll practice. Executive’s policies (“Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the CompanySalary”).

Appears in 2 contracts

Samples: Executive Employment Agreement (GameStop Corp.), Executive Employment Agreement (GameStop Corp.)

Base Salary. In consideration of the services to be rendered under this Agreement, the The Company shall pay Executive an annual a base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“Base Salary”) at the rate of $198,000.00 per annum (less applicable deductions and withholdings). The Base Salary shall be paid , payable in periodic payments in accordance with the Company’s regularly established normal payroll practicepractices. During the Term, Executive’s Base Salary will compensation shall be reviewed by the Board from time to time and at least once every 12 months. Any increase or decrease in accordance Base Salary (together with the established procedures of then existing Base Salary) shall serve as the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company“Base Salary” under this Agreement.

Appears in 2 contracts

Samples: Executive Employment Agreement (Akebia Therapeutics, Inc.), Executive Employment Agreement (Akebia Therapeutics, Inc.)

Base Salary. In consideration of the services The Company agrees to pay or cause to be rendered under this Agreement, paid to Executive during the Company shall pay Executive an annual Term of Agreement a base salary at the rate of Two Hundred and Eighty-five Thousand Dollars $185,000 per annum or such increased amount as the Board may from time to time determine ($285,000) (hereinafter referred to as the “Base Salary”). The Such Base Salary shall be paid payable in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time customary practices applicable to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companyits executives.

Appears in 2 contracts

Samples: Executive Employment Agreement (Ribapharm Inc), Executive Employment Agreement (Ribapharm Inc)

Base Salary. In consideration of the services to be rendered under this Agreement, the The Company shall pay the Executive an annual base salary at a rate of Two Hundred $14,583.33 paid twice monthly (which annualizes to $350,000), less withholdings and Eighty-five Thousand Dollars ($285,000) (“Base Salary”)deductions required and/or permitted by law. The Base Salary Executive’s base salary shall be paid in accordance conformity with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time practices generally applicable to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company’s senior executives.

Appears in 2 contracts

Samples: Employment Agreement (Dicerna Pharmaceuticals Inc), Employment Agreement (Dicerna Pharmaceuticals Inc)

Base Salary. In consideration of During the Term, for all services to be rendered under this Agreement, the Company . Executive shall pay Executive receive an aggregate annual base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (the “Base Salary”)) at a rate of $420,000, payable in accordance with the Company’s applicable payroll practices. References in this Agreement to “Base Salary” shall be deemed to refer to the most recently effective annual base salary rate. The Base Salary shall be paid in accordance with reviewed annually by the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees Board and may be adjusted in increased, but not decreased, m the sole discretion of the CompanyBoard.

Appears in 2 contracts

Samples: Employment Agreement (Knowlton Development Corp Inc), Employment Agreement (Knowlton Development Parent, Inc.)

Base Salary. In consideration The Company agrees to pay or cause to be paid to the ----------- Executive during the term of this Agreement a base salary at the rate of $550,000. This base salary will be subject to annual review and may be increased from time to time by the Board considering factors such as the executive's responsibilities, compensation of similar executives within the company and in other companies, performance of the services executive and other pertinent factors (hereinafter referred to be rendered under this Agreement, as the Company shall pay Executive an annual base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“"Base Salary"). The Such Base Salary shall be paid payable in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time 's customary practices applicable to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companyits executives.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Abercrombie & Fitch Co /De/), Restricted Stock Agreement (Limited Inc)

Base Salary. In consideration (a) Subject to the terms and conditions of the services to be rendered under this Agreement, the Company shall pay the Executive an annual gross base salary of Two Hundred and Eighty-five Thousand Dollars ONE HUNDRED EIGHTY THOUSAND DOLLARS ($285,000) (“Base Salary”180,000.00 USD). The Base Executive’s salary shall be reviewed annually by the Board of Directors of the Company. The Salary shall will be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time policies and procedures and is subject to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees all appropriate traditional and may be adjusted in the sole discretion of the Companynormal statutory and benefit deductions.

Appears in 2 contracts

Samples: Executive Employment Agreement (INFINITY REAL ESTATE HOLDINGS Corp), Executive Employment Agreement (INFINITY REAL ESTATE HOLDINGS Corp)

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base to Employee a salary at the rate of Two Hundred and EightySeventy-five Five Thousand Dollars ($285,000275,000) per year, as adjusted as permitted in this subsection (the "Base Salary"). The Base Salary shall be paid in accordance with the Company’s regularly established 's standard bi-weekly payroll practicepractices. Executive’s The Base Salary will be reviewed and adjusted from time to time in accordance with the established Company's procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companysenior executives.

Appears in 2 contracts

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

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) 150,000 USD (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s The Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees executives and may be adjusted in the sole discretion of the Company. Executive’s unpaid Base Salary and/or Bonus, as provided in subsection (b) below, shall accrue until paid by the Company.

Appears in 2 contracts

Samples: Employment Agreement (Vape Holdings, Inc.), Employment Agreement (Vape Holdings, Inc.)

Base Salary. In consideration of the For all services to be rendered under by the Executive pursuant to this Agreement, the Company shall agrees to pay the Executive an annual during the Employment Period a base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (the “Base Salary”)) at an annual rate of not less than $627,000. The Base Salary shall be paid in periodic installments in accordance with the Company’s regularly established regular payroll practicepractices. Executive’s The Company agrees to review the Base Salary will be reviewed from time at least annually, and to time in accordance with make such increases therein as the established procedures of the Company for adjusting salaries for similarly situated employees and Board may be adjusted in the sole discretion of the Companyapprove.

Appears in 2 contracts

Samples: Employment Agreement (Plantronics Inc /Ca/), Employment Agreement (Plantronics Inc /Ca/)

Base Salary. In consideration Beginning on the Effective Date of the services to be rendered under this Agreement, the Company shall pay Executive an annual base salary of payable to Executive shall be Two Hundred and EightyTwenty-five Five Thousand Dollars ($285,000225,000.00) per annum (“Base Salary”). The Base Salary shall be paid , payable on a bi-weekly basis in accordance with the Company’s regularly established standard payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companyprocedures.

Appears in 2 contracts

Samples: Employment Agreement (Hercules Offshore, LLC), Employment Agreement (Hercules Offshore, LLC)

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base a salary at the rate of Two Hundred and Eighty-five Sixty Thousand Dollars ($285,000260,000) per year (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.

Appears in 2 contracts

Samples: Executive Employment Agreement (ONCOSEC MEDICAL Inc), Executive Employment Agreement (ONCOSEC MEDICAL Inc)

Base Salary. In consideration of During Executive’s employment with the services to be rendered under this AgreementCompany, the Company shall pay Executive an annual a base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (the “Base Salary”) at the annual rate of $275,000.00 (Two Hundred Seventy Five Thousand Dollars and Zero Cents). The Base Salary shall be paid , payable in regular installments in accordance with the Company’s regularly established payroll practiceusual payment practices. Executive’s Base Salary will be reviewed from time to time in accordance with not decrease during the established procedures term of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companythis Agreement.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (American Media Operations Inc)

Base Salary. In consideration From the period of the services to be rendered under this Agreementdate hereof until December 31, 2008, the Company shall will pay the Executive an annual a base salary at the rate of Two Hundred and Eighty-five Ninety Thousand Dollars ($285,000290,000) (“Base Salary”)per year. The Base Salary Such amount shall be paid payable in accordance with the Company’s regularly established ordinary payroll practice. Executive’s Base Salary will be reviewed practices of the Company for its executives, as in effect from time to time, and subject to adjustment from time to time by the Board in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companyits discretion.

Appears in 1 contract

Samples: Employment Agreement (Sirtris Pharmaceuticals, Inc.)

Base Salary. In consideration of While employed by the services Company pursuant to be rendered under this Agreement, the Company shall pay Executive an annual base salary of Two Hundred and Eighty-five Thousand Dollars $375,000 ($285,000) (the “Base Salary”). The Base Salary shall be paid , payable in accordance with the Company’s regularly established normal payroll practicepractices. The Company shall periodically review and, in the Company’s sole and absolute discretion, may modify Executive’s compensation (including the Base Salary will be reviewed from time and Incentive Bonus (as defined below) and benefits, subject to time in accordance with the established procedures provisions of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion Exhibit A of the Companythis Agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (Limeade, Inc)

Base Salary. In consideration For the services of the services Executive to be rendered by him under this Agreement, the Company shall will pay the Executive an annual base salary of Two Hundred and Eighty-five Eighty Five Thousand Dollars ($285,000) (the “Base Salary”), which shall be subject to minimum 4% annual increases. The Company shall pay the Executive his Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companyequal installments no less than semi-monthly.

Appears in 1 contract

Samples: Employment Agreement (Premier Exhibitions, Inc.)

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall will pay Executive during the Term of this Agreement an annual annualized base salary in the gross amount of Two Hundred and Eighty-five Thousand Dollars four hundred forty eight thousand dollars ($285,000448,000) (the “Base Salary”). The Base Salary shall be paid , payable in equal monthly installments in accordance with the Company’s regularly established usual payroll practicepractices. Executive’s Base Salary Company will deduct from each such installment any amounts required to be reviewed from time to time deducted or withheld under applicable law or under any benefit plan in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companywhich Executive participates.

Appears in 1 contract

Samples: Employment Agreement (Ophthotech Corp.)

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Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base a salary at the rate of Two Hundred and EightySixty-five Five Thousand Two Hundred Twenty-Five Dollars ($285,000265,225) per year (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.

Appears in 1 contract

Samples: Executive Employment Agreement (Research Solutions, Inc.)

Base Salary. In consideration During the Term of the services to be rendered under this Agreement, the Company shall pay provide Executive an annual with a base salary of Two Hundred and Eighty-equal to no less than five Thousand Dollars hundred thousand dollars ($285,000500,000.00) per year, paid in accordance with the Company’s normal payroll policies (“Base Salary”). The Base Salary shall be paid subject to adjustment each year in accordance with an amount equal to no less than the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time average adjustment provided to time in accordance with the established procedures of the Company all other executive management personnel for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companysuch year.

Appears in 1 contract

Samples: Executive Employment Agreement (FelCor Lodging Trust Inc)

Base Salary. In consideration of During the services to be rendered under this AgreementTerm, the Company shall pay to the Executive for the performance of his duties under this Agreement an annual base salary of Two Hundred and Eighty-five Thousand Dollars $915,000 per year ($285,000) (the “Base Salary”). The Base Salary shall be paid , payable in accordance with the Company’s regularly established normal payroll practicepractices. The rate of the Executive’s Base Salary will be reviewed from time to time and adjusted as appropriate in accordance with the established procedures Company’s regular compensation review practices. Effective as of the Company date of any such adjustment, the Base Salary as so adjusted shall be considered the new Base Salary for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion all purposes of the Companythis Agreement.

Appears in 1 contract

Samples: Senior Executive Employment Agreement (Crown Holdings Inc)

Base Salary. In consideration of During the services to be rendered under this Agreementterm hereof, the Company shall pay the Executive an annual a base salary salary, which as of the date of execution of this Agreement is set at the rate of Two Hundred and Eighty-five Sixty Thousand Dollars ($285,000260,000) (per annum, payable in accordance with the regular payroll practices of the Company for its executives subject to adjustment from time to time by the Compensation Committee, in its sole discretion. Such base salary, as from time to time adjusted, is hereafter referred to as the “Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.

Appears in 1 contract

Samples: And Non Competition Agreement (SAVVIS, Inc.)

Base Salary. In consideration of the For all services to be rendered under by Executive pursuant to this Agreement, the Company shall agrees to pay Executive an annual during the Employment Period a base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (the “Base Salary”)) at a minimum annual rate of $250,000 during the Employment Period. The Base Salary shall be paid in periodic installments in accordance with the Company’s regularly established regular payroll practicepractices. Executive’s The parties shall meet at least annually to discuss increases to the Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the CompanySalary.

Appears in 1 contract

Samples: Executive Employment Agreement (Audioeye Inc)

Base Salary. In consideration (a) Subject to the terms and conditions of the services to be rendered under this Agreement, the Company shall pay the Executive an annual gross base salary of Two Hundred and Eighty-five Thousand Dollars TWO HUNDRED FORTY THOUSAND DOLLARS ($285,000) (“Base Salary”240,000.00 US). The Base Executive's salary shall be reviewed annually by the Board of Directors of the Company. The Salary shall will be paid in accordance with the Company’s regularly established 's payroll practice. Executive’s Base Salary will be reviewed from time policies and procedures and is subject to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees all appropriate traditional and may be adjusted in the sole discretion of the Companynormal statutory and benefit deductions.

Appears in 1 contract

Samples: Executive Employment Agreement (INFINITY REAL ESTATE HOLDINGS Corp)

Base Salary. In consideration of During the services to be rendered under this Agreementterm hereof, the Company shall pay the Executive an annual a base salary salary, which as of the date of execution of this Agreement is set at the rate of Two Hundred and Eighty-five Ninety Seven Thousand Dollars ($285,000297,000) (per annum, payable in accordance with the regular payroll practices of the Company for its executives subject to adjustment from time to time by the Compensation Committee, in its sole discretion. Such base salary, as from time to time adjusted, is hereafter referred to as the “Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.

Appears in 1 contract

Samples: And Non Competition Agreement (SAVVIS, Inc.)

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base a salary at the rate of Two One Hundred and Eighty-five Ninety Thousand Dollars ($285,000190,000) per year (the “Base Salary”). The Base Salary shall will be paid periodically in accordance with the Company’s regularly established normal payroll practicepractices and be subject to the usual, required withholdings. Executive’s 's Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.

Appears in 1 contract

Samples: Serve as Chief Development Officer (Arbutus Biopharma Corp)

Base Salary. In consideration The Company agrees to pay to Executive a base salary (“Base Salary”) at the annual rate of $360,000 payable in equal installments consistent with the services to be rendered under Company’s payroll practices. Within 10 days after the date that this AgreementAgreement is fully executed, the Company shall pay Executive an annual base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.

Appears in 1 contract

Samples: Employment Agreement (Nephros Inc)

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base a salary at the rate of Two Three Hundred and Eighty-five Thousand Dollars ($285,000300,000) per year (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.

Appears in 1 contract

Samples: Executive Employment Agreement (ONCOSEC MEDICAL Inc)

Base Salary. (a) In consideration of the services to be rendered by the Executive under this Agreement, the Company shall pay the Executive an annual a base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (the “Base Salary”). The Base Salary shall be paid ) at the rate of (i) $495,000 for the calendar year 2011, (ii) $300,000 for the calendar year 2012, (iii) $250,000 for the calendar year 2013, and (iv) $200,000 for any calendar year in accordance which Executive’s employment with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with Company continues following the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companycalendar year 2013.

Appears in 1 contract

Samples: Employment and Non Competition Agreement (Papa Murphy's Holdings, Inc.)

Base Salary. In consideration of The Company agrees to pay the Executive, and the Executive agrees to accept, in payment for services to be rendered under this Agreementby the Executive hereunder, the Company shall pay Executive an annual aggregate base salary of Two Hundred and Eighty-five Thousand Dollars $105,000 per annum ($285,000) (the “Base Salary”). The Base Salary shall be paid in approximately equal installments in accordance with the Company’s regularly established customary payroll practicepractices. For all purposes under this Agreement, the term “Base Salary” shall refer to the Executive’s Base Salary will be reviewed base salary as in effect from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companythis Section 3(a).

Appears in 1 contract

Samples: Employment Agreement (ERBA Diagnostics, Inc.)

Base Salary. In consideration of For all services rendered by the services Executive and all covenants and conditions undertaken by him pursuant to be rendered under this Agreement, the Company shall pay the Executive in accordance with its normal payroll practices (but not less frequently than monthly) an annual base salary of Eighty Two Hundred and Eighty-five Thousand Dollars ($285,000) 82,000), less applicable withholdings (the “Base Salary”). The Such Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time-to-time but not less than annually by the Board, which shall make recommendations to time in accordance with adjust the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the CompanyBase Salary, if necessary, based upon appropriate applicable performance metrics.

Appears in 1 contract

Samples: Executive Employment Agreement (Medizone International Inc)

Base Salary. In consideration For the services of the services Executive to be rendered by him under this Agreement, the Company shall will pay the Executive an annual base salary of Two Hundred and Eighty-five Thousand Dollars two hundred fifty two thousand dollars ($285,000297,000) (the “Base Salary”). The Company shall pay the Executive his Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companyequal installments no less than semi-monthly.

Appears in 1 contract

Samples: Employment Agreement (Premier Exhibitions, Inc.)

Base Salary. In consideration of the For all services to be rendered under by the Executive pursuant to this Agreement, the Company shall agrees to pay the Executive an annual during the Employment Period a base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (the “Base Salary”) at an annual rate of not less than four hundred fourteen thousand five hundred dollars ($414,500). ; The Base Salary shall be paid in periodic installments in accordance with the Company’s regularly established regular payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companypractices.

Appears in 1 contract

Samples: Employment Agreement (ArcSight Inc)

Base Salary. In consideration of As payment for the services to be rendered under by the Executive as provided in Section 1 and subject to the provisions of Section 2 of this Agreement, the Company shall will pay the Executive an annual base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (a “Base Salary”)” at the rate of $375,000.00 per year, payable on the Company’s normal payroll schedule. The Executive’s “Base Salary shall Salary” may be paid adjusted in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed provisions hereof or as otherwise determined from time to time in accordance with by the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the CompanyBoard.

Appears in 1 contract

Samples: Employment Agreement (Conformis Inc)

Base Salary. In consideration of the all services to be rendered by Executive under this Agreement, the Company shall pay Executive an annual a base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (the “Base Salary”)) at an annual rate of $400,000 (as it may be increased from time to time, the “Base Salary”) during the Employment Period. The Base Salary shall be paid in accordance with such installments and such times as the Company’s Company pays its regularly established payroll practicesalaried employees, but no less than once per month, less applicable withholding and deductions. Executive’s The Board shall annually review the Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted determine whether an increase in the sole discretion of the Companyamount thereof is warranted.

Appears in 1 contract

Samples: Employment Agreement (Hillstream BioPharma Inc.)

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base a salary at the rate of One Hundred Seventy Eight Thousand and Two Hundred and Eighty-five Thousand Dollars ($285,000178,200) per year (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.

Appears in 1 contract

Samples: Executive Employment Agreement (Research Solutions, Inc.)

Base Salary. In consideration of the all services to be rendered by Executive under this Agreement, the Company shall pay Executive an annual a base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (the “Base Salary”)) at an annual rate of $485,000 (as it may be increased from time to time, the “Base Salary”) during the Employment Period. The Base Salary shall be paid in accordance with such installments and such times as the Company’s Company pays its regularly established payroll practicesalaried employees, but no less than once per month, less applicable withholding and deductions. Executive’s The Board shall annually review the Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted determine whether an increase in the sole discretion of the Companyamount thereof is warranted.

Appears in 1 contract

Samples: Milby Employment Agreement (Hillstream BioPharma Inc.)

Base Salary. In consideration of For the services to be rendered performed by Executive under this Agreement, the Company shall pay Executive an annual a base salary of Two Four Hundred and EightySixty-five Five Thousand Dollars ($285,000465,000) per year (“Base Salary”). The Base Salary shall be paid in accordance with the same increments as the Company’s regularly established payroll practicenormal payroll, but no less frequently than monthly, and prorated for any partial year of service during the Employment Term. Executive’s Base Salary will shall be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companyat least annually.

Appears in 1 contract

Samples: Employment Agreement (Hill-Rom Holdings, Inc.)

Base Salary. In consideration of the services to be rendered under this Agreement, while employed by the Company, Company shall pay Executive an initial base annual base salary of Two Hundred and Eighty-five Thousand Dollars four hundred thousand dollars ($285,000) (“Base Salary”400,000.00). The Base Salary shall be paid , less standard deductions and withholdings, payable in regular periodic payments in accordance with Company payroll policy. Such salary shall be prorated for any partial month of employment on the Company’s regularly established payroll practicebasis of a 30-day fiscal month. Executive’s Base Salary will Such base salary shall be reviewed from time subject to time in accordance with annual review by the established procedures Board of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the CompanyDirectors.

Appears in 1 contract

Samples: Employment Agreement (Saba Software Inc)

Base Salary. In consideration of the As compensation for services to be rendered by Executive under this Agreement, the Company shall pay to Executive an annual base annualized salary of Two Three Hundred and EightySeventy-five Five Thousand Dollars ($285,000) 375,000), less applicable tax and other authorized applicable withholdings (the “Base Salary”). The Base Salary , which shall be paid in accordance with the Company’s regularly established normal payroll practiceprocedures and policies. Executive’s Base Salary salary will be reviewed from time to time in accordance with reviewed, and if appropriate, adjusted, on an annual basis at or after the established procedures end of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companyeach calendar year.

Appears in 1 contract

Samples: Employment Agreement – Worman (National Holdings Corp)

Base Salary. In consideration At the commencement of the services to be rendered under this Agreement, the Company shall Corporation will pay Executive an annual a base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“Base Salary”)) of $115,000 which will be paid in accordance with the payroll practices of the Corporation. The Base Salary shall be reviewed at least once each year and shall be increased at any time and from time to time by action of the President/Chief Executive Officer. The Base Salary shall be paid in accordance with the CompanyCorporation’s regularly established payroll practiceregular practices. As of July 1, 2006, Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companybase salary is $198,894.25.

Appears in 1 contract

Samples: Employment Agreement (Cam Commerce Solutions Inc)

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base a salary at the rate of Two Hundred and Eighty-five Thousand Five Hundred Seventy Dollars ($285,000201,570) per year (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.

Appears in 1 contract

Samples: Employment Agreement (Research Solutions, Inc.)

Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive an annual base a salary at the rate of One Hundred Two Hundred and Eighty-five Thousand Dollars ($285,000102,000) per year (the “Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.

Appears in 1 contract

Samples: Employment Agreement (Derycz Scientific Inc)

Base Salary. In consideration of During the services to be rendered under this Agreementterm hereof, the Company shall pay the Executive an annual a base salary salary, which as of the date of execution of this Agreement is set at the rate of Two Hundred and Eighty-five Seventy Thousand Dollars ($285,000270,000.00) (per annum, payable in accordance with the regular payroll practices of the Company. Such base salary, as from time to time adjusted, is hereafter referred to as the “Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.

Appears in 1 contract

Samples: And Non Competition Agreement (SAVVIS, Inc.)

Base Salary. In consideration of the For all services to be rendered under by Executive pursuant to this Agreement, the Company shall agrees to pay Executive an during the Term a base annual base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“500,000. The term "Base Salary”)" as used in this Agreement shall mean the base annual salary established by this Section 5. The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time periodic installments in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted Company's regular payroll practices, but in the sole discretion of the Companyany event no less frequently than monthly.

Appears in 1 contract

Samples: Employment Agreement (Sitel Corp)

Base Salary. In consideration of the For all services to be rendered under this Agreement, the Company shall pay Executive an annual base salary Base Salary of Two at least Five Hundred and Eighty-five Thirty Thousand Dollars ($285,000) (“Base Salary”530,000). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will shall not be reviewed from time decreased unless agreed to time in accordance with writing by the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the CompanyExecutive.

Appears in 1 contract

Samples: Employment Agreement (Northwest Pipe Co)

Base Salary. In consideration of For the services to be rendered by Executive under this Agreement, the Company shall pay Executive an annual a base salary of Two Hundred and Eighty-five Thousand Dollars not less than two hundred fifty thousand ($285,000250,000) (“Base Salary”). The Base Salary shall be paid per year payable in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees equal monthly installments, less income tax withholdings and may be adjusted in the sole discretion of the Company.other normal

Appears in 1 contract

Samples: Employment Agreement (Western Water Co)

Base Salary. In consideration During the term of the services to be rendered under this Agreement, the Company shall pay Executive an annual a base salary of Two Hundred and Eighty-in an annualized amount equal to five Thousand Dollars hundred fifty thousand dollars ($285,000750,000) ("Base Salary”). The Base Salary shall be paid in accordance with ") payable pro rata on the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time 's regular payday, and subject to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companyadjustment as hereinafter provided.

Appears in 1 contract

Samples: Employment Agreement (Building Materials Holding Corp)

Base Salary. In consideration of the For all services to be rendered under by the Executive pursuant to this Agreement, the Company shall agrees to pay the Executive an initial annual base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“the "Base Salary”)") of $190,000. The Base Salary shall be paid in periodic installments in accordance with the Company’s regularly established 's regular payroll practicepractices. The Company agrees to review Executive’s 's Base Salary will be reviewed from time to time in accordance with the established procedures at least annually as of the Company for adjusting salaries for similarly situated employees anniversary of his employment and to make such increases therein as the Board of Directors, in its sole discretion, may be adjusted in the sole discretion of the Companyapprove.

Appears in 1 contract

Samples: Employment Agreement (Assisted Living Concepts Inc)

Base Salary. In consideration of the For all services to be rendered under by Executive pursuant to this Agreement, the Company shall pay Executive an Executive’s annual base salary of will be $2,000,000 (Two Hundred and Eighty-five Thousand Dollars Million Dollars) per year ($285,000) (the “Base Salary”). The Base Salary shall be paid , payable bi-weekly in accordance with the Company’s regularly established normal payroll practicepractices. It is possible for the Executive’s Base Salary will to be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in increased, after annual performance reviews conducted each January, based on the sole discretion of the CompanyCompensation Committee.

Appears in 1 contract

Samples: Employment Agreement (Diamond Resorts International, Inc.)

Base Salary. In consideration During the Term of the services to be rendered under this Agreement, the Company shall pay to Executive an annual a base salary of Two Hundred one thousand three hundred and Eighty-five Thousand Dollars fifty dollars ($285,0001,350.00) (“Base Salary”)per day for each day that Executive provides Services to the Company. The Base Executive shall provide Services to the Company at least three days per week and on such other business days each week as required to fully carry out his activities on behalf of the Company. Salary shall payments to Executive will be paid payable on a regular basis in accordance with the Company’s regularly established standard payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companyprocedures.

Appears in 1 contract

Samples: Executive Employment Agreement (Star Scientific Inc)

Base Salary. In consideration of The Employer agrees that the Executive will be paid for his services to be rendered under this AgreementAgreement a salary at the annual rate of at least $500,000, the Company shall pay Executive an annual base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“Base Salary”). The Base Salary shall be paid payable in periodic installments in accordance with the Company’s regularly established payroll practiceEmployer's normal salary payment dates for the Executive. Executive’s Base Salary will be reviewed Such salary as in effect from time to time is referred to in accordance with this Agreement as the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the CompanyExecutive's "Base Salary."

Appears in 1 contract

Samples: Employment Agreement (Romac International Inc)

Base Salary. In consideration The base salary of the Executive for services pursuant to the terms of this Agreement shall be rendered under $351,979.00 per year, payable in bi-monthly installments or on such other terms as may mutually be agreed upon by the Company and Executive. Executive's base salary shall be subject to an automatic cost-of-living increase of five percent (5%) on the first anniversary of this Agreement, the Company shall pay Executive an annual base salary of Two Hundred and Eighty-five Thousand Dollars ($285,000) (“Base Salary”). The Base Salary shall be paid in accordance with subject to periodic increase by the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time 's Compensation Committee in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the its sole discretion of the Companydiscretion.

Appears in 1 contract

Samples: Employment Agreement (MTR Gaming Group Inc)

Base Salary. In consideration of the services to be rendered by the Executive under this Agreement, the Company shall pay the Executive an annual a base salary at the rate of Two Hundred and Eighty-four hundred two thousand five Thousand Dollars hundred euros ($285,000€402,500) per calendar year (the “Base Salary”), payable at the end of the month (subject to all statutory and agreed deductions) by credit transfer to a nominated bank account. The Base Salary shall be paid Exectuvie is entitled to request a written statement of their average hourly rate of pay in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures any month under section 23 of the Company for adjusting salaries for similarly situated employees National Minimum Wage Acts 2000 and may be adjusted in the sole discretion of the Company2015.

Appears in 1 contract

Samples: Employment Agreement (Mallinckrodt PLC)

Base Salary. In consideration of the As base compensation for all services to be rendered by the Executive under this AgreementAgreement during the Term, the Company shall pay to the Executive an annual base annualized salary of Two Hundred one hundred and Eightyseventy-five Thousand Dollars thousand dollars ($285,000175,000) ("Base Salary"). The Base Salary shall be paid in accordance with the Company’s regularly established 's normal payroll practice. Executive’s Base Salary will procedures and policies, as such procedures and policies may be reviewed modified from time to time time. The Executive shall be eligible for adjustments in the Base Salary in accordance with the established policies and procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of applicable to the Company's executive management employees.

Appears in 1 contract

Samples: Executive Employment Agreement (Ebenx Inc)

Base Salary. In consideration (a) Subject to the terms and conditions of the services to be rendered under this Agreement, the Company shall pay the Executive an annual gross base salary of Two Hundred and Eighty-five Thousand Dollars TWO HUNDRED FORTY THOUSAND DOLLARS ($285,000) (“Base Salary”240,000.00 USD). The Base Executive's salary shall be reviewed annually by the Board of Directors of the Company. The Salary shall will be paid in accordance with the Company’s regularly established 's payroll practice. Executive’s Base Salary will be reviewed from time policies and procedures and is subject to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees all appropriate traditional and may be adjusted in the sole discretion of the Companynormal statutory and benefit deductions.

Appears in 1 contract

Samples: Executive Employment Agreement (INFINITY REAL ESTATE HOLDINGS Corp)

Base Salary. In consideration of the For all services to be rendered under by Executive pursuant to this Agreement, the Company shall agrees to pay Executive during the Term a base salary at an annual base salary rate of Two Hundred and Eighty-five Thousand Dollars $250,000 ($285,000) (the “Base Salary”)) plus $500 per month car allowance. In addition, the Base Salary as then in effect shall be subject to such further upward adjustments as shall be determined by the Board in its sole discretion. The Base Salary shall be paid in periodic installments in accordance with the Company’s regularly established 's regular payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Companypractices.

Appears in 1 contract

Samples: Executive Employment Agreement (Giga Tronics Inc)

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