Common use of Base Salary Clause in Contracts

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, the Executive shall be paid an annualized Base Salary of US $600,000 (or foreign currency equivalent), payable in semi-monthly installments. The Executive’s Base Salary shall be subject to annual review by the Company.

Appears in 3 contracts

Samples: Employment, Non Competition and Pledge Agreement (Greenhill & Co Inc), Employment, Non Competition and Pledge Agreement (Greenhill & Co Inc), Employment, Non Competition and Pledge Agreement (Greenhill & Co Inc)

AutoNDA by SimpleDocs

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, The Company shall pay the Executive shall be paid an annualized Base Salary base salary of US $600,000 (or foreign currency equivalent)340,000.00 in periodic installments in accordance with the Company’s customary payroll practices, payable in but no less frequently than semi-monthly installmentsmonthly. The Executive’s Base Salary base salary shall be subject to annual review reviewed at least annually by the CompanyBoard and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 3 contracts

Samples: Employment Agreement, Employment Agreement (Replimune Group, Inc.), Employment Agreement (Replimune Group, Inc.)

Base Salary. During the Employment Term, subject to the The Executive’s continued employment hereunderannual base salary will be $370,000.00 (the “Base Salary”), the Executive which shall be paid an annualized Base Salary of US $600,000 (or foreign currency equivalent), payable ratably by the Company to the Executive each month in semi-monthly installmentsaccordance with the Company’s payroll practices as in effect from time to time. The Executive’s Base Salary shall be subject to reviewed on an annual review basis following the 2015 calendar year and may be increased (but not decreased) by the CompanyBoard, with any such increase taking effect as of the first day of the applicable calendar year.

Appears in 3 contracts

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

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, The Company shall pay the Executive shall be paid an annualized Base Salary annual rate of US base salary of $600,000 (or foreign currency equivalent)275,000.00 in periodic installments in accordance with the Company’s customary payroll practices, payable in semi-monthly installmentsbut no less frequently than monthly. The Executive’s Base Salary shall annual base salary may be subject increased from time to annual review time by the CompanyCompensation Committee, but may not be decreased without the Executive’s written consent. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 3 contracts

Samples: Penko Ivanov Employment Agreement (Bankwell Financial Group, Inc.), David Dineen Employment Agreement (Bankwell Financial Group, Inc.), Employment Agreement (Bankwell Financial Group, Inc.)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, The Company shall pay the Executive shall be paid an annualized Base Salary during the Term a ----------- base salary at the rate of US $600,000 250,000 per annum (or foreign currency equivalentthe "Annual Salary"), payable in semi-monthly installmentsaccordance with the customary payroll practices of the Company applicable to senior executives. The Executive’s Base Annual Salary shall be subject to annual review reviewed at least annually by the CompanyCompensation Committee of the Board (the "Compensation Committee"), but shall not be decreased during the Term.

Appears in 2 contracts

Samples: Employment Agreement (Efficient Networks Inc), Employment Agreement (Efficient Networks Inc)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, Company will pay the Executive an annual base salary of at least $558,800 for each twelve-month period of the Term. The base salary shall be paid an annualized Base Salary reviewed for increase (but not decrease) by the Compensation Committee (the “Committee”) of US $600,000 (or foreign currency equivalent), payable in semi-monthly installmentsthe Board no less than annually. The Executive’s Base Salary base salary shall be subject to annual review by payable in accordance with the normal payroll procedures of the Company.

Appears in 2 contracts

Samples: Employment Agreement (Infinity Property & Casualty Corp), Employment Agreement (Infinity Property & Casualty Corp)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, The Company shall pay the Executive shall be paid an annualized Base Salary annual rate of US base salary of $600,000 400,000 (or foreign currency equivalent)Four Hundred Thousand Dollars) in periodic installments in accordance with the Company's customary payroll practices and applicable wage payment laws, payable in semi-monthly installmentsbut no less frequently than monthly. The Executive’s base salary may not be decreased during the Employment Term other than as part of an across-the-board salary reduction that applies in the same manner to all senior executives. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary shall be subject to annual review by the CompanySalary.

Appears in 2 contracts

Samples: Employment Agreement (Reviva Pharmaceuticals Holdings, Inc.), Employment Agreement (Tenzing Acquisition Corp.)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, the The Company will pay Executive shall be paid an annualized annual base salary (“Base Salary Salary”) of US Two Hundred Thousand Dollars ($600,000 (or foreign currency equivalent200,000), payable in semi-substantially equal monthly installmentsor more frequent installments in accordance with the Company’s normal and customary payroll practices. The Board may review and further adjust Executive’s Base Salary from time to time in its sole and absolute discretion, provided that during the Employment Period the Company may not decrease Executive’s Base Salary below the amount set forth in this section. Any such increased Base Salary shall be subject to annual review by and become the Company“Base Salary” for purposes of this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Professional Diversity Network, LLC), Employment Agreement (Professional Diversity Network, LLC)

Base Salary. During the Employment Term, subject to the term of Executive’s continued 's employment hereunder, the Company shall pay Executive shall be paid an annualized annual base salary (the "Base Salary Salary") at the initial annual rate of US $600,000 (or foreign currency equivalent)225,000, payable in semi-regular installments in accordance with the Company's usual payment practices but no less frequently than monthly installmentsduring the Employment Term. The Executive’s 's Base Salary shall be subject to annual review by reviewed at least annually for increase in the Companyreasonable discretion of the Board.

Appears in 2 contracts

Samples: Employment Agreement (Renaissance Media Capital Corp), Employment Agreement (Renaissance Media Capital Corp)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, the Executive shall initially be paid an annualized Base Salary of US $600,000 (or foreign currency equivalent)Salary, payable in semi-monthly installmentsaccordance with the regular payroll practices of the Company, of $325,000. The No less frequently than annually, the Executive’s Base Salary shall be subject to annual review reviewed by the CompanyCompensation Committee who may (but is not obligated to) adjust such Base Salary in its sole discretion; provided that Base Salary shall not be decreased. Any such increased Base Salary shall be the Executive’s “Base Salary” for all purposes under this Agreement.

Appears in 2 contracts

Samples: Employment Agreement, Executive Employment Agreement (SeaWorld Entertainment, Inc.)

Base Salary. During the Employment Term, subject to the The Executive’s continued employment hereunder, the Executive shall be paid an 's annualized Base Salary as of US the date of this Agreement is $600,000 (or foreign currency equivalent)458,719.77, payable in semi-monthly installmentsaccordance with the regular payroll practices of the Company. The Executive’s Base Salary shall be subject to annual review by reviewed no less frequently than annually, and any changes thereto (which shall thereafter be deemed the CompanyExecutive's Base Salary) shall be solely within the discretion of the Board.

Appears in 2 contracts

Samples: Employment Agreement (Vertex Pharmaceuticals Inc / Ma), Employment Agreement (Vertex Pharmaceuticals Inc / Ma)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, The Company shall pay the Executive an annual rate of base salary of $400,000. Such base salary shall be paid an annualized Base Salary of US $600,000 (or foreign currency equivalent), payable in semi-monthly installmentsconsistently with the Company’s then current pay practices. The Executive’s Base Salary base salary shall be subject to annual review reviewed at least annually by the CompanyBoard and the Board may, but shall not be required to, increase (but not decrease) base salary then in effect during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 2 contracts

Samples: Employment Agreement (PLX Pharma Inc.), Employment Agreement (Dipexium Pharmaceuticals, Inc.)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, The Company shall pay the Executive shall be paid an annualized Base Salary base salary of US $600,000 (or foreign currency equivalent)220,000.00 in periodic installments in accordance with the Company’s customary payroll practices, payable in but no less frequently than semi-monthly installmentsmonthly. The Executive’s Base Salary base salary shall be subject to annual review reviewed at least annually by the CompanyBoard and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 2 contracts

Samples: Employment Agreement (Replimune Group, Inc.), Employment Agreement (Replimune Group, Inc.)

Base Salary. During The Company shall pay to Executive an annual base salary of $350,000 per year (the Employment Term, subject to the Executive’s continued employment hereunder, the Executive shall be paid an annualized Base Salary of US $600,000 (or foreign currency equivalentSalary”), payable in semi-monthly installmentsaccordance with the Company’s usual payroll practices (and in any event no less frequently than monthly). The Executive’s Base Salary shall be subject to an annual review by the CompanyBoard following the Effective Date. In the event of an adjustment to the Base Salary, the term “Base Salary” shall refer to the adjusted amount.

Appears in 2 contracts

Samples: Employment Agreement (Endologix Inc /De/), Employment Agreement (Endologix Inc /De/)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, The Company shall pay the Executive shall be paid an annualized Base Salary annual rate of US base salary of USD $600,000 (or foreign currency equivalent)240,000, payable in semiperiodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than bi-monthly installmentsweekly. The Executive’s Base Salary base salary shall be subject to annual review reviewed at least annually by the CompanyCompensation Committee of the Board (the “Compensation Committee”). However, the Executive’s base salary may not be decreased during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 2 contracts

Samples: Employment Agreement (Planet 13 Holdings Inc.), Employment Agreement (Planet 13 Holdings Inc.)

Base Salary. During the Employment Term, subject The Company shall pay to the Executive’s continued employment hereunder, Executive an annual salary (the Executive shall be paid an annualized Base Salary of US $600,000 (or foreign currency equivalent), Salary”) payable in semi-monthly installmentssubstantially equal installments at such intervals as may be determined by the Company in accordance with its ordinary payroll practices, as established from time to time. The Executive’s Base Salary shall be subject to annual review reviewed annually and increased as appropriate for market changes, commencing effective January 1, 2024. Executive annualized Base Salary as of the Effective Date is $320,000. The Base Salary shall not be decreased by the CompanyCompany except with the prior written consent of the Executive.

Appears in 2 contracts

Samples: Employment Agreement (First Western Financial Inc), Employment Agreement (First Western Financial Inc)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, The Company shall pay the Executive shall an annual base salary of $220,000 annually, $150,000 of which will be payable in periodic installments in accordance with the Company’s regular payroll practices, and $70,000 of which will be paid an annualized Base Salary in lump sum at the end of US $600,000 (or foreign currency equivalent)the then-current fiscal year, payable or, in semi-monthly installmentsthe sole discretion of the Board, prorated over the one year period upon completion of a financing. The Executive’s Base Salary base salary shall be subject to annual review reviewed at least annually by the CompanyBoard and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 2 contracts

Samples: Employment Agreement (Recovery Energy, Inc.), Employment Agreement (Recovery Energy, Inc.)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, The Company shall pay the Executive shall be paid an annualized Base Salary annual rate of US base salary of $600,000 (or foreign currency equivalent), payable 240,000 in semi-monthly installmentsperiodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws. The Executive’s Base Salary base salary shall be subject to annual review reviewed at least annually by the CompanyBoard and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.

Appears in 2 contracts

Samples: Employment Agreement (Kura Sushi Usa, Inc.), Employment Agreement (Kura Sushi Usa, Inc.)

Base Salary. During the Employment Term, subject to the The Executive’s continued employment hereunder, the Executive 's base salary hereunder shall be paid an annualized Base Salary of US ----------- $600,000 (or foreign currency equivalent)290,000 a year, payable in semi-monthly installmentsand prorated for any partial year of employment. The Executive’s Base Salary Board shall review such base salary at least annually and make such adjustment from time to time as it may deem advisable, but the base salary shall not at any time be subject to annual review by the Companyless than $290,000 a year.

Appears in 2 contracts

Samples: Employment Agreement (Paragon Health Network Inc), Employment Agreement (Paragon Health Network Inc)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, The Company shall pay the Executive shall be paid an annualized Base Salary annual rate of US base salary of $600,000 (or foreign currency equivalent)800,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, payable in semi-monthly installmentsbut no less frequently than monthly. The Executive’s Base Salary base salary shall be subject to annual review reviewed at least annually by the CompanyBoard and the Board may increase or decrease the Executive’s base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.

Appears in 2 contracts

Samples: Employment Agreement (Dragonfly Energy Holdings Corp.), Employment Agreement (Dragonfly Energy Holdings Corp.)

Base Salary. During As of the Employment TermEffective Date, subject the Company shall pay Executive an annual salary rate of Three Hundred Sixty-Five Thousand Dollars ($365,000), with such amounts to be paid on a bi-weekly basis (“Base Salary”) pursuant to the ExecutiveCompany’s continued employment hereunder, the Executive shall be paid an annualized Base Salary of US $600,000 (or foreign currency equivalent), payable in semi-monthly installmentsstandard payroll practices. The Executive’s Base Salary shall be subject to annual review by reviewed at least annually for consideration of appropriate merit increases and, once established, the CompanyBase Salary shall not decrease during the Term without the consent of Executive.

Appears in 2 contracts

Samples: Executive Employment Agreement (Affirmative Insurance Holdings Inc), Executive Employment Agreement (Affirmative Insurance Holdings Inc)

Base Salary. During the Employment Term, subject The Company shall pay to the Executive’s continued employment hereunder, Executive an annual salary (the Executive shall be paid an annualized Base Salary of US $600,000 (or foreign currency equivalent), Salary”) payable in semi-monthly installmentssubstantially equal installments at such intervals as may be determined by the Company in accordance with its ordinary payroll practices, as established from time to time. The Executive’s Base Salary shall be subject to annual review reviewed by the CompanyBoard of Directors annually, and increased as appropriate, for market changes. Commencing effective as of the Effective Date, Executive’s annualized Base Salary is $350,000. The Base Salary shall not be decreased by the Company except with the prior written consent of the Executive.

Appears in 2 contracts

Samples: Employment Agreement (First Western Financial Inc), Employment Agreement (First Western Financial Inc)

Base Salary. During The Company shall pay the Executive an annual rate of base salary of $250,000 in periodic installments under the Company's customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Compensation Committee of the Board (the “Compensation Committee”) shall review the Executive’s base salary at least annually and the Compensation Committee may increase (but not decrease) the Executive's base salary during the Employment Term, subject to the Executive’s continued employment hereunder, the Executive shall be paid an annualized Base Salary of US $600,000 (or foreign currency equivalent), payable in semi-monthly installments. The Executive’s 's annual base salary, as in effect from time to time, is referred to as “Base Salary shall be subject to annual review by the CompanySalary.

Appears in 2 contracts

Samples: Employment Agreement (Century Casinos Inc /Co/), Employment Agreement

Base Salary. During the Employment Term, subject to the Company shall pay Executive a base salary at the annual rate of $450,000 payable in regular installments in accordance with the Company’s usual payroll practices. The Board shall review Executive’s continued employment hereunderbase salary at least once per annum, the Executive shall be paid an annualized Base Salary of US $600,000 (or foreign currency equivalent), payable in semi-monthly installments. The and Executive’s annual base salary, as in effect from time to time, shall hereinafter be referred to as the “Base Salary shall be subject to annual review by the CompanySalary”.

Appears in 2 contracts

Samples: Employment Agreement (Getty Images Holdings, Inc.), Employment Agreement (Getty Images Holdings, Inc.)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, The Company shall pay the Executive shall be paid an annualized Base Salary annual rate of US base salary of $600,000 (or foreign currency equivalent)500,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, payable in semi-monthly installmentsbut no less frequently than monthly. The Executive’s Base Salary base salary shall be subject to annual review reviewed at least annually by the CompanyBoard and the Board may increase but not decrease the Executive’s base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.

Appears in 2 contracts

Samples: Employment Agreement (La Rosa Holdings Corp.), Employment Agreement (La Rosa Holdings Corp.)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, The Company shall pay the Executive shall be paid an annualized Base Salary annual rate of US base salary of $600,000 (or foreign currency equivalent)[BASE SALARY] in periodic installments in accordance with the Company’s customary payroll practices, payable in semi-monthly installmentsbut no less frequently than monthly. The Executive’s Base Salary base salary shall be subject to annual review reviewed at least annually by the CompanyBoard and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 2 contracts

Samples: Confidential Information and Invention Assignment Agreement (Workiva Inc), Confidential Information and Invention Assignment Agreement (Workiva LLC)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, base salary (the Executive “Base Salary”) shall be paid an annualized Base Salary of US $600,000 (or foreign currency equivalent)in accordance with the Corporation’s regular payroll practices in effect from time to time, payable but not less frequently than in semi-monthly installments. The As of the Effective Date, the Executive’s Base Salary shall be at an annualized rate of $320,000. During the term hereof, subject to annual Section 5, the Corporation will annually (in January of each year commencing in 2016) review by and adjust the CompanyExecutive’s rate of Base Salary.

Appears in 2 contracts

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

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, The Company shall pay the Executive shall be paid an annualized Base Salary annual rate of US base salary of $600,000 (or foreign currency equivalent)350,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, payable in semi-monthly installmentsbut no less frequently than monthly. The Executive’s Base Salary base salary shall be subject to annual review reviewed at least annually by the CompanyCompensation Committee of the Board (the “Compensation Committee”) and the Compensation Committee may increase the Executive’s base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.

Appears in 2 contracts

Samples: Executive Employment Agreement (TaskUs, Inc.), Executive Employment Agreement (TaskUs, Inc.)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunderCompany shall pay Executive an annual base salary per year in an amount not less than $150,000. Such annual base salary shall be payable in accordance with the Company's customary pay schedule. During the Term, the base salary of Executive shall be paid an annualized Base Salary of US $600,000 (or foreign currency equivalent), payable in semi-monthly installmentsreviewed at least annually by the Chief Executive Officer. The Executive’s Base Salary Board of Directors, and/or the Compensation Committee, in consultation with the Chief Executive Officer, may, but shall not be subject to annual review required to, increase or decrease the base salary, but not below the minimum required by the Companythis Section.

Appears in 2 contracts

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

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunderannual base salary (“Base Salary”) will continue to be $284,000, the Executive shall be paid an annualized Base Salary of US $600,000 (or foreign currency equivalent)less payroll deductions and all required withholdings, payable in semi-monthly installmentsaccordance with the Company’s normal payroll practices. The Board or a committee of the Board shall review Executive’s Base Salary shall periodically and any adjustments to Executive’s Base Salary, if any, will be subject to annual review by made solely at the Companydiscretion of the Board or a committee of the Board.

Appears in 2 contracts

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

Base Salary. During Commencing as of the Employment Term, subject to the Executive’s continued employment hereunderEffective Date, the Executive shall be paid an annualized Base Salary of US $600,000 (or foreign currency equivalent), payable in semi-monthly installments250,000. The Executive’s Such Base Salary shall be subject payable at intervals in accordance with the regular payroll practices of the Company applicable to annual review by senior executives but no less frequently than monthly. The Base Salary shall be reviewed no less frequently than annually during the CompanyTerm of Employment for increases. The Base Salary shall not be decreased at any time, or for any purpose, during the Term of Employment (including, without limitation, for the purpose of determining benefits due under Section 9).

Appears in 2 contracts

Samples: Employment Agreement (Exchange Applications Inc), Employment Agreement (Exchange Applications Inc)

Base Salary. During the Employment Term, subject to Effective with this Agreement and the Executive’s continued employment hereunder, the Company shall pay Executive a base salary at the annualized rate of $400,000, payable in regular installments in accordance with the Company’s payment practices from time to time. Executive shall be paid an annualized Base Salary entitled to annual performance and salary review, and any increase in base salary shall be in the sole discretion of US $600,000 (or foreign currency equivalent), payable in semi-monthly installmentsthe Compensation Committee of the Board. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary shall be subject to annual review by the CompanySalary”.

Appears in 2 contracts

Samples: Employment Agreement (Lantheus Medical Imaging, Inc.), Employment Agreement (Lantheus Holdings, Inc.)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, The Company shall pay the Executive shall be paid an annualized Base Salary annual base salary of US $600,000 (or foreign currency equivalent)450,000.00 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, payable in semi-monthly installmentsbut no less frequently than monthly. The Executive’s Base Salary base salary shall be subject to annual review reviewed at least annually by the CompanyBoard and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.

Appears in 2 contracts

Samples: Employment Agreement (Angion Biomedica Corp.), Employment Agreement (Elicio Therapeutics, Inc.)

Base Salary. During the Employment Term, subject The Company shall pay to the Executive’s continued employment hereunder, Executive an annual salary (the Executive shall be paid an annualized Base Salary of US $600,000 (or foreign currency equivalent), Salary”) payable in semi-monthly installmentssubstantially equal installments at such intervals as may be determined by the Company in accordance with its ordinary payroll practices, as established from time to time. The Executive’s Base Salary shall be subject to annual review reviewed by the CompanyBoard of Directors annually, and increased as appropriate, for market changes. Commencing effective as of the Effective Date, Executive’s annualized Base Salary is $575,000. The Base Salary shall not be decreased by the Company except with the prior written consent of the Executive.

Appears in 2 contracts

Samples: Employment Agreement (First Western Financial Inc), Employment Agreement (First Western Financial Inc)

Base Salary. During the Employment Term, subject to the The Executive’s continued employment hereunder, the Executive shall be paid an 's annualized Base Salary as of US the date of this Agreement is $600,000 (or foreign currency equivalent)298,700.00, payable in semi-monthly installmentsaccordance with the regular payroll practices of the Company. The Executive’s Base Salary shall be subject to annual review by reviewed no less frequently than annually, and any changes thereto (which shall thereafter be deemed the CompanyExecutive's Base Salary) shall be solely within the discretion of the Board.

Appears in 2 contracts

Samples: Employment Agreement (Vertex Pharmaceuticals Inc / Ma), Employment Agreement (Vertex Pharmaceuticals Inc / Ma)

Base Salary. During Commencing as of the Employment Term, subject to the Executive’s continued employment hereunderEffective Date, the Executive shall be paid an annualized Base Salary of US $600,000 (or foreign currency equivalent), payable in semi-monthly installments300,000. The Executive’s Such Base Salary shall be subject payable at intervals in accordance with the regular payroll practices of the Company applicable to annual review by senior executives but no less frequently than monthly. The Base Salary shall be reviewed no less frequently than annually during the CompanyTerm of Employment for increases. The Base Salary shall not be decreased at any time, or for any purpose, during the Term of Employment (including, without limitation, for the purpose of determining benefits due under Section 9).

Appears in 2 contracts

Samples: Employment Agreement (American Capital Access Holdings LTD), Employment Agreement (American Capital Access Holdings LTD)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, The Company shall pay the Executive shall be paid an annualized Base Salary annual base salary of US AUD $600,000 (or foreign currency equivalent)200,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, payable in semi-monthly installmentsbut no less frequently than monthly. The Executive’s Base Salary base salary shall be subject to annual review reviewed at least annually by the CompanyCompensation Committee of the Board, and the Compensation Committee of the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 2 contracts

Samples: Employment Agreement (Australian Oilseeds Holdings LTD), Employment Agreement (Australian Oilseeds Holdings LTD)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, The Company shall pay the Executive shall be paid an annualized Base Salary during the Term a ----------- base salary at the rate of US $600,000 400,000 per annum (or foreign currency equivalentthe "Annual Salary"), payable in semi-monthly installmentsaccordance with the customary payroll practices of the Company applicable to senior executives. The Executive’s Base Annual Salary shall be subject to annual review reviewed at least annually by the CompanyCompensation Committee of the Board (the "Compensation Committee"), but shall not be decreased during the Term.

Appears in 2 contracts

Samples: Employment Agreement (Efficient Networks Inc), Employment Agreement (Siemens Aktiengesellschaft/Adr)

Base Salary. During The Company shall pay Executive an annual rate of base salary of $275,000 US in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive's base salary shall be reviewed at least annually by the by the compensation committee of the Board (the “Compensation Committee”) and the Compensation Committee may, but shall not be required to, increase Executive’s base salary during the Employment Term, subject to the . Executive’s continued employment hereunder, the Executive annual base salary shall be paid an annualized Base Salary of adjusted to $300,000 US $600,000 (or foreign currency equivalent)on January 1, payable in semi-monthly installments2021. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary shall be subject to annual review by the CompanySalary.

Appears in 2 contracts

Samples: Employment Agreement (Profire Energy Inc), Employment Agreement (Profire Energy Inc)

Base Salary. During the Employment Term, the Company shall pay to Executive an annualized salary of $600,000 (the “Base Salary”), payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices, but not less frequently than monthly. The Base Salary will be reviewed annually by the Board and may be increased (but not decreased without the Executive’s continued employment hereunder, consent) to reflect the Executive shall be paid an annualized Base Salary of US $600,000 (or foreign currency equivalent), payable in semi-monthly installments. The Executive’s Base Salary shall be subject to annual review by the Companyperformance and responsibilities.

Appears in 2 contracts

Samples: Employment Agreement (Manning & Napier, Inc.), Employment Agreement (Manning & Napier, Inc.)

Base Salary. During Commencing as of the Employment Term, subject to the Executive’s continued employment hereunderEffective Date, the Executive shall be paid an annualized Base Salary of US $600,000 (or foreign currency equivalent)420,000, payable in semi-monthly installmentsaccordance with the regular payroll practices of the Company. The Executive’s Base Salary shall be subject to annual review by reviewed no less frequently than annually for increase in the Companydiscretion of the CEO and, if applicable, the Board.

Appears in 2 contracts

Samples: Employment Agreement (Ikon Office Solutions Inc), Employment Agreement (Ikon Office Solutions Inc)

Base Salary. During the Employment Term, subject the Bank will pay to the Executive’s continued employment hereunder, the Executive shall be paid an annualized Base Salary base salary of US $600,000 (or foreign currency equivalent)725,000 per year, payable in semi-monthly installmentsaccordance with the Bank’s normal payroll practices. The Executive’s Base Salary shall base salary will be subject to annual review by for increase but may not be decreased without Executive’s consent. As used in this Agreement, the Companyterm “Base Salary” means, as of any given date, Executive’s annualized base salary as of such date.

Appears in 2 contracts

Samples: Employment Agreement (Equity Bancshares Inc), Employment Agreement (Equity Bancshares Inc)

Base Salary. During the Employment Term, subject to the Company shall pay Executive an annual base salary of $375,000 per annum in cash (the “Annual Base Salary”). Executive’s continued employment hereunder, the Executive shall be paid an annualized Annual Base Salary of US $600,000 (or foreign currency equivalent), payable in semi-monthly installments. The Executive’s Base Salary shall will be subject to annual review by the CompanyBoard. The Annual Base Salary due to Executive hereunder shall be paid in accordance with the general Company payroll practices.

Appears in 2 contracts

Samples: Employment Agreement (Hospitality Investors Trust, Inc.), Employment Agreement (Hospitality Investors Trust, Inc.)

Base Salary. During the Employment Term, subject to In consideration for the Executive’s continued employment services hereunder, the Company shall pay to the Executive shall be paid an annualized Base Salary annual base salary in the amount of US $600,000 (or foreign currency equivalent), payable in semi-monthly installments150,000 initially. The Executive’s Base Salary annual base salary shall be subject to annual review reviewed at least annually by the Company, and the Company may increase the Executive’s annual base salary from time to time and not decrease it. The Company shall pay annual base salary in accordance with the normal payroll payment practices of the Company and subject to such deductions and withholdings as law or policies of the Company, from time to time in effect, may require.

Appears in 2 contracts

Samples: Executive Employment Agreement (Future Now Group Inc.), Executive Employment Agreement (Future Now Group Inc.)

Base Salary. During the Employment Term, subject The Company shall pay to the Executive’s continued employment hereunder, Executive an annual salary (the Executive shall be paid an annualized Base Salary of US $600,000 (or foreign currency equivalent), Salary”) payable in semi-monthly installmentssubstantially equal installments at such intervals as may be determined by the Company in accordance with its ordinary payroll practices, as established from time to time. The Executive’s Base Salary shall be subject to annual review reviewed annually and increased as appropriate for market changes, commencing effective January 1, 2024. Executive annualized Base Salary as of the Effective Date is $300,000.48. The Base Salary shall not be decreased by the CompanyCompany except with the prior written consent of the Executive.

Appears in 2 contracts

Samples: Employment Agreement (First Western Financial Inc), Employment Agreement (First Western Financial Inc)

Base Salary. During The Company shall pay to Executive an annual base salary of $380,000 per year (the Employment Term, subject to the Executive’s continued employment hereunder, the Executive shall be paid an annualized Base Salary of US $600,000 (or foreign currency equivalentSalary”), payable in semi-monthly installmentsaccordance with the Company’s usual payroll practices (and in any event no less frequently than monthly). The Executive’s Base Salary shall be subject to an annual review by the CompanyBoard following the Effective Date. In the event of an adjustment to the Base Salary, the term “Base Salary” shall refer to the adjusted amount.

Appears in 2 contracts

Samples: Employment Agreement (Endologix Inc /De/), Employment Agreement (Endologix Inc /De/)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, The Company shall pay the Executive shall be paid an annualized Base Salary base salary of US $600,000 (or foreign currency equivalent)204,000.00 in periodic installments in accordance with the Company’s customary payroll practices, payable in but no less frequently than semi-monthly installmentsmonthly. The Executive’s Base Salary base salary shall be subject to annual review reviewed at least annually by the CompanyBoard and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 2 contracts

Samples: Employment Agreement (Replimune Group, Inc.), Employment Agreement (Replimune Group, Inc.)

Base Salary. During the Employment Termterm hereof, subject to the Executive’s continued employment hereunder, base salary (the Executive “Base Salary”) shall be paid an annualized Base Salary of US $600,000 (or foreign currency equivalent)in accordance with the Corporation’s regular payroll practices in effect from time to time, payable but not less frequently than in semi-monthly installments. The As of the Effective Date, the Executive’s Base Salary shall be subject at an annualized rate of $375,000. During the term hereof, the Corporation may review and adjust the Executive’s rate of Base Salary from time to annual review by the Companytime.

Appears in 2 contracts

Samples: Employment Agreement (Ichor Holdings, Ltd.), Employment Agreement (Ichor Holdings, Ltd.)

Base Salary. During the Employment Term, subject to the The Executive’s continued employment hereunder, the Executive shall be paid an annualized Base Salary as of US the date of this Agreement is $600,000 (or foreign currency equivalent)550,000, payable in semi-monthly installmentsaccordance with the regular payroll practices of the Company. The Executive’s Base Salary shall be subject to annual review by reviewed no less frequently than annually, and any changes thereto (which shall thereafter be deemed the CompanyExecutive’s Base Salary) shall be solely within the discretion of the Board.

Appears in 2 contracts

Samples: Employment Agreement (Vertex Pharmaceuticals Inc / Ma), Employment Agreement (Vertex Pharmaceuticals Inc / Ma)

Base Salary. During Commencing as of the Employment Term, subject to the Executive’s continued employment hereunderEffective Date, the Executive shall be paid an annualized Base Salary of US $600,000 (or foreign currency equivalent)330,000, payable in semi-monthly installmentsaccordance with the regular payroll practices of the Company. The Executive’s Base Salary shall be subject to annual review by reviewed no less frequently than annually for increase in the Companydiscretion of the CEO and, if applicable, the Board.

Appears in 2 contracts

Samples: Employment Agreement (Ikon Office Solutions Inc), Employment Agreement (Ikon Office Solutions Inc)

Base Salary. During Effective as of the Employment Term, subject to the Executive’s continued employment hereunderEffective Date, the Executive shall be receive a base salary at the annualized rate of $450,000 (the “Base Salary”), paid an annualized in equal bi-monthly installments in accordance with the Company’s regularly established payroll procedure. Such Base Salary shall be reviewed by the Company’s compensation committee and the Board in the first quarter of US $600,000 (or foreign currency equivalent), payable in semi-monthly installments. The each fiscal year; any adjustment to the Executive’s Base Salary shall be subject to annual review by retroactively effective as of the Companyfirst day of such fiscal year.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (Nabriva Therapeutics PLC)

Base Salary. During the Employment Term, subject the Company shall pay to the Executive’s continued employment hereunderExecutive a base salary at an annual rate of not less than $320,000, in substantially equal installments in accordance with the Executive shall be paid an annualized Base Salary regular payroll practices of US $600,000 (or foreign currency equivalent)the Company, payable in semi-monthly installmentsbut not less frequently than monthly. The Executive’s Base Salary base salary shall be subject to annual review by the CompanyCompensation Committee of the Board (the “Committee”) and may be increased, but not decreased, from time to time by the Committee. The base salary as determined herein and adjusted from time to time shall constitute “Base Salary” for purposes of this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Hornbeck Offshore Services Inc /La), Employment Agreement (Hornbeck Offshore Services Inc /La)

Base Salary. During the Employment Term, subject Company will pay Executive a base salary equal to the Executive’s continued employment hereunder, the Executive shall be paid an annualized Base Salary of US $600,000 (or foreign currency equivalent)123,000 per annum, payable in equal bi-weekly or semi-monthly installmentsinstallments in accordance with the Company's payroll system. The Board will review, at least annually, the Executive’s Base Salary shall be subject 's compensation with a view to annual review by increasing it if, in the sole judgment of the Board, the performance of the Company, the services of the Executive and compensation paid by other companies engaged in businesses comparable to the business of the Company to executives in comparable positions merit such an increase.

Appears in 2 contracts

Samples: Employment Agreement (Cell Robotics International Inc), Employment Agreement (Cell Robotics International Inc)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, the Company shall pay Executive shall be paid an annualized annual base salary of One Hundred Seventy Five Thousand Dollars ($175,000) (“Base Salary of US $600,000 (or foreign currency equivalentSalary”), payable in semi-monthly installmentsregular installments in accordance with the Company’s then current payroll practices. The At least annually the Board shall review Executive’s performance and compensation and may increase the Base Salary shall be subject to annual review by the CompanySalary, in its sole discretion.

Appears in 2 contracts

Samples: Employment Agreement (Columbia Equity Trust, Inc.), Employment Agreement (Columbia Equity Trust, Inc.)

Base Salary. During the Employment Term, subject to the The Executive’s continued employment hereunder, base salary (the Executive “Base Salary”) shall be paid an annualized Base Salary of US $600,000 (or foreign currency equivalent)in accordance with the Company’s regular payroll practices in effect from time to time, payable but not less frequently than in semi-monthly installments. The Executive’s Base Salary shall be subject to annual at an annualized rate of Three Hundred Seventy-Five Thousand Dollars ($375,000.00). The Parent Board will review by the CompanyExecutive’s Base Salary at least annually and, after such review, may increase (but not decrease) the Executive’s Base Salary from the level then in effect.

Appears in 2 contracts

Samples: Employment Agreement (Francesca's Holdings CORP), Employment Agreement (Francesca's Holdings CORP)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunderCompany shall pay Executive an annual base salary in the amount of $1,000,000 (“Base Salary”), the Executive shall be paid an annualized Base Salary of US $600,000 (or foreign currency equivalent)less applicable payroll taxes and withholdings, payable in semi-monthly installmentsaccordance with the Company’s normal payroll practices. The Company will review Executive’s Base Salary shall be subject to annual review by annually, and, in the sole discretion of the Company, may increase (but may not decrease) such Base Salary from time to time, but shall not be obligated to effectuate any increase.

Appears in 2 contracts

Samples: Executive Employment Agreement (Texas Capital Bancshares Inc/Tx), Executive Employment Agreement (Texas Capital Bancshares Inc/Tx)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, Company shall pay the Executive shall be paid an annualized Base Salary annual rate of US base salary of $600,000 (or foreign currency equivalent), payable 400,000 in semi-monthly installmentsperiodic installments in accordance with the Company’s customary payroll practices. The Executive’s Base Salary base salary shall be subject to annual review reviewed at least annually by the CompanyCompensation Committee and the Compensation Committee may, but shall not be required to, increase (but not decrease) the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (Vapotherm Inc)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, The Company shall pay the Executive shall be paid an annualized annual base salary of $410,000 (the “Base Salary of US $600,000 (or foreign currency equivalentSalary”), payable in semi-monthly installments. The Executive’s Base Salary shall be payable according to the customary payroll practices of the Company but in no event less frequently than once every two weeks. The Base Salary shall be reviewed each fiscal period and shall be subject to annual review increase according to the policies and practices adopted by the CompanyCompany from time to time, and at the discretion of the Board.

Appears in 2 contracts

Samples: Employment Agreement (Biomimetic Therapeutics, Inc.), Employment Agreement (Biomimetic Therapeutics, Inc.)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, The Company shall pay the Executive shall be paid an annualized Base Salary annual rate of US base salary of $600,000 (or foreign currency equivalent), payable 340,000 in semi-monthly installmentsperiodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws. The Executive’s Base Salary base salary shall be subject to annual review reviewed at least annually by the CompanyBoard and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.

Appears in 2 contracts

Samples: Employment Agreement (Kura Sushi Usa, Inc.), Employment Agreement (Kura Sushi Usa, Inc.)

Base Salary. During The Company shall pay to Executive an annual base ----------- salary (the Employment Term, subject to "Base Salary") at the Executive’s continued employment hereunder, the Executive shall be paid an annualized Base Salary rate of US $600,000 1,000,000 per annum (or foreign currency equivalentsuch increased amount as the Board, its sole discretion, from time to time may determine), payable in semi-monthly installmentsapproximately equal periodic installments pursuant to the general policy of the Company from time to time, but not less frequently than monthly. The Executive’s 's Base Salary shall may not be subject to annual review by decreased during the CompanyTerm of this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Tarrant Apparel Group), Employment Agreement (Tarrant Apparel Group)

Base Salary. During the Employment Term, subject to the Executive will receive an annual base salary of $400,000. The Board will review the Executive’s continued employment hereunderbase salary annually and, in its discretion, may recommend increases, but not decreases, to the Executive amount of such base salary based upon procedures of the Employer that determine adjustments for other executives of the Employer. The initial annual base salary, together with any increases, shall be paid an annualized the Executive’s annual base salary (“Base Salary”). The Base Salary of US $600,000 (or foreign currency equivalent), will be payable in semi-monthly installments. The Executiveaccordance with the Employer’s Base Salary shall be subject to annual review by the Companyregular payroll payment practices.

Appears in 2 contracts

Samples: Employment Agreement (Diamond Hill Investment Group Inc), Employment Agreement (Diamond Hill Investment Group Inc)

AutoNDA by SimpleDocs

Base Salary. During the Employment Term, subject to the period of Executive’s continued employment hereunderunder this Agreement, the Company shall pay Executive an annual base salary (“Annual Base Salary”) at an annual rate equal to not less than Four Hundred Fifty Thousand and No/100 Dollars ($450,000.00), which shall be paid an annualized Base Salary reviewed annually by the Board or the Compensation Committee of US $600,000 (or foreign currency equivalent), payable in semi-monthly installmentsthe Board. The Executive’s Annual Base Salary shall be subject to annual review by paid in accordance with the standard practices for other senior corporate executives of the Company.

Appears in 1 contract

Samples: Employment Agreement (Protection One Alarm Monitoring Inc)

Base Salary. During The Company shall pay to Executive an annual base salary of $270,000 per year (the Employment Term, subject to the Executive’s continued employment hereunder, the Executive shall be paid an annualized Base Salary of US $600,000 (or foreign currency equivalentSalary”), payable in semi-monthly installmentsaccordance with the Company’s usual payroll practices (and in any event no less frequently than monthly). The Executive’s Base Salary shall be subject to an annual review by the CompanyBoard following the Effective Date. In the event of an adjustment to the Base Salary, the term “Base Salary” shall refer to the adjusted amount.

Appears in 1 contract

Samples: Employment Agreement (Endologix Inc /De/)

Base Salary. During The Company shall pay the Executive an annual rate of base salary of $120,000 in periodic installments in accordance with the Company's customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive's base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. However, subject to the Executive’s continued employment hereunder, 's base salary may not be decreased during the Executive shall be paid an annualized Base Salary of US $600,000 (or foreign currency equivalent), payable in semi-monthly installmentsEmployment Term. The Executive’s 's annual base salary, as in effect from time to time, is hereinafter referred to as "Base Salary shall be subject to annual review by the CompanySalary".

Appears in 1 contract

Samples: Employment Agreement (Spotlight Innovation Inc.)

Base Salary. During The Company shall pay to Executive a base salary of $325,000 per year (the Employment Term, subject to the Executive’s continued employment hereunder, the Executive shall be paid an annualized Base Salary of US $600,000 (or foreign currency equivalentSalary”), payable in semi-monthly installmentsaccordance with the Company’s usual pay practices (and in any event no less frequently than monthly). The Executive’s Base Salary shall be subject to annual review annually by and at the sole discretion of the Compensation Committee of the Board based on the Company’s performance (such as profitability of the Company and growth in the Company’s market capitalization). Such adjusted annual base salary shall then become Executive’s “Base Salary” for purposes of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Basin Water, Inc.)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, The Company shall pay the Executive shall be paid a base salary at an annualized Base Salary rate of US $600,000 (or foreign currency equivalent)363,540, payable in semi-monthly installmentsequal biweekly installments in accordance with the Company’s customary payroll practices. The Executive’s Base Salary base salary, option grants, and total bonus shall be subject to annual review reviewed annually by the CompanyCompensation Committee of the Board. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.

Appears in 1 contract

Samples: Executive Employment Agreement (Cytosorbents Corp)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, The Company shall pay the Executive shall be paid a base salary at an annualized annual rate of at least $1,500,000 (the "Base Salary of US $600,000 (or foreign currency equivalentSalary"), payable in semi-monthly installmentsaccordance with the normal payroll procedures of the Company in effect from time to time. The Executive’s 's Base Salary shall be subject to annual review reviewed for increase at least annually by the CompanyBoard pursuant to its normal performance review policies for senior executives. The Board may from time to time, in its sole and absolute discretion, increase the Base Salary by any amount it determines to be appropriate. Base Salary shall not be reduced after any increase, and the term Base Salary as utilized in this Agreement shall refer to the Executive's annual base salary as then in effect.

Appears in 1 contract

Samples: Employment Agreement (PVH Corp. /De/)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, The Company shall pay the Executive shall be paid an annualized Base Salary annual base salary of US $600,000 (or foreign currency equivalent)200,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, payable in semi-monthly installmentsbut no less frequently than twice per month. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary shall be subject to annual review by the CompanySalary”.

Appears in 1 contract

Samples: Executive Employment Agreement (Legion Works, Inc.)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, The Company shall pay the Executive shall be paid an annualized Base Salary annual rate of US base salary of USD $600,000 (or foreign currency equivalent)300,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, payable in semibut no less frequently than bi-monthly installmentsweekly. The Executive’s Base Salary base salary shall be subject to annual review reviewed at least annually by the CompanyCompensation Committee of the Board (the “Compensation Committee”). However, the Executive’s base salary may not be decreased during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 1 contract

Samples: Employment Agreement (Planet 13 Holdings Inc.)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, The Company shall pay the Executive shall be paid an annualized Base Salary annual rate of US base salary of {$600,000 (or foreign currency equivalent)___} per year in periodic installments in accordance with the Company’s customary payroll practices, payable in semi-monthly installmentsbut no less frequently than monthly. The Executive’s Base Salary base salary shall be subject to annual review reviewed annually by the Company. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 1 contract

Samples: Escrow Agreement (Steel Excel Inc.)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, The Company shall pay the Executive shall be paid an annualized Base Salary annual rate of US base salary of $600,000 (or foreign currency equivalent)500,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, payable in semi-monthly installmentsbut no less frequently than monthly. The Executive’s Base Salary shall base salary may be subject to annual review reviewed at least annually by the CompanyBoard and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 1 contract

Samples: Employment Agreement (Clearwater Analytics Holdings, Inc.)

Base Salary. During Commencing as of the Effective Date, the Company shall pay the Executive an annual rate of base salary of at least US$650,000, in periodic installments in accordance with the Company's customary U.S. payroll practices, but no less frequently than monthly. The Executive's base salary shall be reviewed annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term, subject to the Executive’s continued employment hereunder, the Executive shall be paid an annualized Base Salary of US $600,000 (or foreign currency equivalent), payable in semi-monthly installments. The Executive’s 's annual base salary, as in effect from time to time, is hereinafter referred to as "Base Salary shall be subject to annual review by the CompanySalary".

Appears in 1 contract

Samples: Executive Employment Agreement (SunOpta Inc.)

Base Salary. During the Employment Term, subject to In consideration for the Executive’s continued employment 's services ------------ hereunder, the Company shall pay to the Executive shall be paid an annualized Base Salary annual base salary in the amount of US $600,000 (or foreign currency equivalent), payable in semi-monthly installments150,000 initially. The Executive’s Base Salary 's annual base salary shall be subject to annual review reviewed at least annually by the Company, and the Company may increase the Executive's annual base salary from time to time. The Company shall pay annual base salary in accordance with the normal payroll payment practices of the Company and subject to such deductions and withholdings as law or policies of the Company, from time to time in effect, require.

Appears in 1 contract

Samples: Employment Agreement (Theragenics Corp)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, the Executive shall be paid an annualized Base Salary A base annual salary of US $600,000 (or foreign currency equivalent)250,000, payable in semi-monthly installmentsaccordance with the Employer's standard practice for other comparable executives. The Executive’s Base Salary 's base salary shall be subject to annual review by the CompanyBoard of Directors of the Employer (the 'Board') for discretionary periodic increases in accordance with the Employer's compensation policies. References to 'base salary' in this Agreement shall be to the base salary set forth in this Paragraph 4.a and shall include any increases to such base salary made hereby.

Appears in 1 contract

Samples: Executive Employment Agreement (Modis Professional Services Inc)

Base Salary. During Beginning on the Employment Term, subject to the Executive’s continued employment hereunderdate hereof, the Executive Company shall be paid an annualized pay Executive, in equal installments no less frequently than monthly, a base salary of $525,000 per annum (the “Base Salary of US $600,000 (or foreign currency equivalentSalary”), payable in semi-monthly installmentsless all applicable withholdings, during the Term. The Executive’s Base Salary shall be subject to annual review reviewed by the CompanyPeople Services (Compensation) Committee of the Board (the “Compensation Committee”) on an annual basis.

Appears in 1 contract

Samples: Employment Agreement (Popeyes Louisiana Kitchen, Inc.)

Base Salary. During the Employment Term, subject to the period of Executive’s continued employment hereunder, the Executive shall be paid receive an annualized base salary of $300,000 (the “Base Salary of US $600,000 (or foreign currency equivalentSalary”), payable in semi-monthly installments. The Executive’s Base Salary shall be subject to annual review reviewed periodically by the Board and, in the sole discretion of the Company, such Base Salary may be increased (but not decreased) effective as of any date determined by the Company. Executive’s Base Salary shall be paid in equal installments in accordance with the Company’s standard policy regarding payment of compensation to executives but no less frequently than monthly.

Appears in 1 contract

Samples: Employment Agreement (Gasco Energy Inc)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, The Company shall pay the Executive shall be paid an annualized Base Salary annual rate of US $600,000 (or foreign currency equivalent)base salary of US$220,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, payable in semi-monthly installmentsbut no less frequently than monthly. The Executive’s Base Salary base salary shall be subject to annual review reviewed at least annually by the CompanyBoard and the Board may increase but not decrease the Executive’s base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.

Appears in 1 contract

Samples: Executive Employment Agreement (Quality Industrial Corp.)

Base Salary. During Commencing on the Employment Term, subject to Effective Date and ------------ continuing during the period of the Executive’s continued 's employment hereunder, the Company shall pay to the Executive shall an annual base salary at a rate not less than $525,000, such salary to be paid an annualized Base Salary of US $600,000 in conformity with the Company's policies relating to salaried employees. This salary may be (or foreign currency equivalent)but is not required to be) increased from time to time, payable in semi-monthly installments. The Executive’s Base Salary shall be subject to and in accordance with the annual executive performance review by procedures of the Company.

Appears in 1 contract

Samples: Employment Agreement (Taylor Ann Stores Corp)

Base Salary. During the Employment Term, subject to In consideration for the Executive’s continued employment services hereunder, the Company shall pay to the Executive an initial annual base salary in the amount of $134,500 Executive’s annual base salary shall be paid an annualized Base Salary of US $600,000 (or foreign currency equivalent), payable in semi-monthly installments. The Executive’s Base Salary shall be subject to annual review reviewed at least annually by the Company, and the Company may increase the Executive’s annual base salary in its discretion. The Company shall pay an annual base salary in accordance with the normal payroll payment practices of the Company and subject to such deductions and withholdings as law or policies of the Company, from time to time in effect, require.

Appears in 1 contract

Samples: Employment Agreement (Ets Payphones Inc)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, the Executive shall be paid an annualized Base Salary A base annual salary of US $600,000 (or foreign currency equivalent)200,000, payable in semi-monthly installmentsaccordance with the Employer’s standard practice for other comparable executives. The Executive’s Base Salary base salary shall be subject to annual review by the CompanyBoard of Directors of the Employer (the “Board”) for discretionary periodic increases in accordance with the Employer’s compensation policies. References to “Base Salary” in this Agreement shall be to the base salary set forth in this Paragraph 4.A. and shall include any increases to such base salary made hereby.

Appears in 1 contract

Samples: Executive Employment Agreement (MPS Group Inc)

Base Salary. During the Employment Term, subject The Company shall pay to the Executive’s continued employment hereunder, Executive an annual salary (the Executive shall be paid an annualized Base Salary Salary”) at the rate of US $600,000 (or foreign currency equivalent)386,250, payable in semi-monthly installmentssubstantially equal installments at such intervals as may be determined by the Company in accordance with its ordinary payroll practices as established from time to time. The Executive’s Base Salary shall will be subject reviewed annually and may be increased or decreased from time to annual review by time, so long as a decrease does not amount to a decrease constituting Good Reason (as defined below), in the Companysole discretion of the Board.

Appears in 1 contract

Samples: Employment Agreement (Guaranty Bancorp)

Base Salary. During The Company will pay to Executive during the Employment Term, subject to Term a base salary at the Executive’s continued employment hereunder, annual rate of $150,000 ("Annual Base Salary") in effect at the Executive shall be paid an annualized Base Salary of US $600,000 (or foreign currency equivalent)Effective Date, payable in semi-cash in substantially equal monthly installmentsinstallments during each calendar year, or portion thereof, of the Term and otherwise in accordance with the Company's usual payroll practices with respect to senior executives. The Executive’s 's Annual Base Salary shall be subject to annual review reviewed by the CompanyCompany at least once in each calendar year and may be increased above, but may not be reduced below, the then-current rate of such base salary.

Appears in 1 contract

Samples: Employment Agreement (Walbro Corp)

Base Salary. During Beginning on the Employment TermEffective Date, subject to Executive will receive an annual base salary of $330,000, (the Executive’s continued employment hereunder, the Executive shall “Base Salary”) which will be paid an annualized Base Salary of US $600,000 (or foreign currency equivalent)in accordance with the Company’s regular payroll practices, payable in semi-monthly installments. The Executive’s Base Salary shall and which will be subject to withholding required by law. Thereafter, Executive’s annual review by base salary will be reviewed at least annually to determine whether, in the Companysole discretion of the Compensation Committee of the Board of Directors of the Company (the “Compensation Committee”), Executive’s base salary should be changed.

Appears in 1 contract

Samples: Executive Employment Agreement (Ubiquiti Networks, Inc.)

Base Salary. During the Employment Term, subject to the The Executive’s continued employment hereunder, the Executive shall be paid an annualized Base Salary as of US the date of this Agreement is $600,000 (or foreign currency equivalent)298,700.00, payable in semi-monthly installmentsaccordance with the regular payroll practices of the Company. The Executive’s Base Salary shall be subject to annual review by reviewed no less frequently than annually, and any changes thereto (which shall thereafter be deemed the CompanyExecutive’s Base Salary) shall be solely within the discretion of the Board.

Appears in 1 contract

Samples: Employment Agreement (Vertex Pharmaceuticals Inc / Ma)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, The Company shall pay the Executive shall be paid an annualized Base Salary annual rate of US base salary of $600,000 (or foreign currency equivalent)350,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, payable in semi-monthly installmentsbut no less frequently than monthly. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary shall be subject to annual review by the CompanySalary.

Appears in 1 contract

Samples: Employment Agreement (NeoVolta Inc.)

Base Salary. During the Employment Term, subject to the The Executive’s continued employment hereunder, the Executive shall be paid an annualized Base Salary as of US the date of this Agreement is $600,000 (or foreign currency equivalent)601,000, payable in semi-monthly installmentsaccordance with the regular payroll practices of the Company. The Executive’s Base Salary shall be subject to annual review by reviewed no less frequently than annually, and any changes thereto (which shall thereafter be deemed the CompanyExecutive’s Base Salary) shall be solely within the discretion of the Board.

Appears in 1 contract

Samples: Employment Agreement (Vertex Pharmaceuticals Inc / Ma)

Base Salary. During the Employment Term, subject The Company will pay to the Executive’s continued employment hereunder, the Executive shall be paid an annualized base salary to be determined from time to time and reviewed annually, which may be adjusted at the Company’s discretion (“Base Salary of US $600,000 (or foreign currency equivalentSalary”), payable in semi-monthly installments. The Executive’s Base Salary shall will be subject to annual review by paid in installments that correspond with the Company.’s normal payroll practices.3.02

Appears in 1 contract

Samples: Executive Employment Agreement (DSW Inc.)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, The Company shall pay the Executive shall be paid an annualized Base Salary annual base salary of US AUD $600,000 (or foreign currency equivalent)150,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, payable in semi-monthly installmentsbut no less frequently than monthly. The Executive’s Base Salary base salary shall be subject to annual review reviewed at least annually by the CompanyCompensation Committee of the Board, and the Compensation Committee of the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 1 contract

Samples: Employment Agreement (Australian Oilseeds Holdings LTD)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, The Company shall pay the Executive shall be paid an annualized Base Salary annual rate of US base salary of USD $600,000 (or foreign currency equivalent)200,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, payable in semibut no less frequently than bi-monthly installmentsweekly. The Executive’s Base Salary base salary shall be subject to annual review reviewed at least annually by the CompanyCompensation Committee of the Board (the “Compensation Committee”). However, the Executive’s base salary may not be decreased during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Appears in 1 contract

Samples: Employment Agreement (Planet 13 Holdings Inc.)

Base Salary. During the Employment Term, subject to the term of Executive’s continued employment hereunder's employment, the Company shall pay Executive shall be paid an annualized annual base salary of Two Hundred Fifty Thousand Dollars ($250,000) (the "Annual Base Salary of US $600,000 (or foreign currency equivalent), Salary") payable in semi-monthly installmentsaccordance with the Company's regular payroll practices, but not less frequently than twice per month. The Executive’s Annual Base Salary shall be subject to annual review reviewed at least annually by the CompanyBoard of Directors and may be adjusted upwards (but not downwards) in the sole discretion of the Board of Directors.

Appears in 1 contract

Samples: Employment Agreement (Infocrossing Inc)

Base Salary. During the Employment Term, subject The Company shall pay to the Executive’s continued employment hereunder, the Executive shall be paid an annualized a base salary (“Base Salary Salary”) of US $600,000 (or foreign currency equivalent)330,000 per year, payable in semi-monthly installmentsregular installments in accordance with the payroll policies from time to time in effect at the Company. The It is understood that the Company shall review Executive’s Base Salary not less than annually, and that the Base Salary may (but not shall) be increased to such greater amount as the Company may deem appropriate, but shall not be subject to annual review by decreased below the Base Salary set forth herein except temporarily, in the case of a severe reduction in the Company’s sales.

Appears in 1 contract

Samples: Employment Agreement (Unique Fabricating, Inc.)

Base Salary. During the Employment TermTerm the Executive’s annual base salary shall be Three Hundred Ninety-Six Thousand Dollars ($396,000.00) per year, which shall be payable by the Company to the Executive in installments consistent with the Company’s normal payroll schedule, subject to customary withholding as required by applicable law. This annual base salary shall be reviewed by the Board periodically, and the Board may increase the Executive’s continued employment hereunderannual base salary from time to time as the Board deems to be appropriate based upon Executive’s performance, the Executive shall be paid an annualized Base Salary of US $600,000 (or foreign currency equivalent), payable in semi-monthly installments. The ExecutiveCompany’s Base Salary shall be subject to annual review by the Companyfinancial condition and market conditions.

Appears in 1 contract

Samples: Executive Employment Agreement (Oragenics Inc)

Base Salary. During The Company shall pay the Employment Term, Executive an annual base salary of $515,000. The annual base salary shall be paid to the Executive in accordance with the established payroll practices of the Company (but no less frequently than monthly) subject to ordinary and lawful deductions. Beginning with calendar 2015, the Compensation Committee of the Company will review the Executive’s continued employment hereunderbase salary from time to time, the Executive shall no less frequently than annually, to consider whether any increase should be paid an annualized Base Salary of US $600,000 (or foreign currency equivalent), payable in semi-monthly installmentsmade. The Executive’s Base Salary shall base salary during the Term will not be subject to annual review by less than that in effect at any time during the CompanyTerm.

Appears in 1 contract

Samples: Employment Agreement (PRGX Global, Inc.)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, The Company shall pay the Executive shall be paid an annualized Base Salary annual base salary in the gross amount of US $600,000 350,000.00 (or foreign currency equivalentThree Hundred Fifty Thousand and zero/100 U.S. Dollars), payable less deductions and withholdings applicable to wages in semi-monthly installmentsperiodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary shall be subject to annual review by the CompanySalary.

Appears in 1 contract

Samples: Employment Agreement (Olb Group, Inc.)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, The Company shall pay the Executive shall be paid an annualized Base Salary his current annual base salary of US $600,000 (or foreign currency equivalent)240,000 in installments in accordance with the Company's customary payroll practices, payable in semi-monthly installmentsbut no less frequently than monthly. The Executive’s 's annual base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary”. The Base Salary shall will be subject to annual review by reviewed at least annually and may be increased at the Companydiscretion of the Compensation Committee of the Board.

Appears in 1 contract

Samples: Employment Agreement (Protea Biosciences Group, Inc.)

Base Salary. During the Employment Term, subject to In consideration for the Executive’s continued employment services hereunder, the Company shall pay to the Executive shall be paid an annualized Base Salary annual base salary in the amount of US $600,000 (or foreign currency equivalent), payable in semi-monthly installments120,000 initially. The Executive’s Base Salary annual base salary shall be subject to annual review reviewed at least annually by the Company, and the Company may increase the Executive’s annual base salary from time to time and not decrease it. The Company shall pay annual base salary in accordance with the normal payroll payment practices of the Company and subject to such deductions and withholdings as law or policies of the Company, from time to time in effect, may require.

Appears in 1 contract

Samples: Executive Employment Agreement (Future Now Group Inc.)

Base Salary. During the Employment Term, subject to the The Executive’s continued employment hereunder, the Executive shall be paid an annualized Base Salary as of US the date of this Agreement is $600,000 (or foreign currency equivalent)424,360.00, payable in semi-monthly installmentsaccordance with the regular payroll practices of the Company. The Executive’s Base Salary shall be subject to annual review by reviewed no less frequently than annually, and any changes thereto (which shall thereafter be deemed the CompanyExecutive’s Base Salary) shall be solely within the discretion of the Board. 5.

Appears in 1 contract

Samples: Employment Agreement

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, The Company shall pay the Executive shall be paid an annualized Base Salary annual rate of US base salary of $600,000 (or foreign currency equivalent)233,300 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, payable in semi-monthly installmentsbut no less frequently than monthly. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary shall be subject to annual review by the Company.Salary”. ”

Appears in 1 contract

Samples: Employment Agreement (Lipella Pharmaceuticals Inc)

Base Salary. During The Company shall pay the Employment TermExecutive an annual base salary of $350,000. in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, subject to the but no less frequently than monthly. Executive’s continued employment hereunder, the Executive base salary shall be paid an annualized Base Salary of US $600,000 (or foreign currency equivalent)reviewed at least annually by the Board and the Board may, payable in semi-monthly installmentsbut shall not be required to, increase the base salary during the Term. The Executive’s Executive annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary shall be subject to annual review by the CompanySalary”.

Appears in 1 contract

Samples: Employment Agreement (Six Flags Entertainment Corp)

Base Salary. During the Employment Term, subject to the Executive’s continued employment hereunder, The Company shall pay the Executive shall be paid an annualized Base Salary annual rate of US base salary of $600,000 (or foreign currency equivalent)280,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, payable in semi-monthly installmentsbut no less frequently than monthly. The Executive’s Base Salary base salary shall be subject to annual review reviewed at least annually by the CompanyBoard and the Board may increase but not decrease the Executive’s base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.

Appears in 1 contract

Samples: Employment Agreement (Dragonfly Energy Holdings Corp.)

Time is Money Join Law Insider Premium to draft better contracts faster.