Common use of 1Base Salary Clause in Contracts

1Base Salary. During the Term, the Company shall pay from its U.S. payroll to the Executive a salary at the rate of US$490,000.00 per annum (the “Base Salary”), less applicable deductions and withholdings, payable in accordance with the Company’s regular payroll practices. The Executive’s Base Salary may be increased upon annual review by the Board, at the sole discretion of the Board, and once increased shall thereafter be the Base Salary hereunder.

Appears in 1 contract

Sources: Executive Employment Agreement (Hut 8 Corp.)

1Base Salary. During the Term, the The Company shall pay from its U.S. payroll to the Executive a an annual base salary at the rate of US$490,000.00 per annum (the “Base Salary”), less applicable deductions and withholdings, payable $1,000,000 in periodic installments in accordance with the Company’s regular customary payroll practicespractices and applicable wage payment laws. Base salary is currently paid twice per month on the 15th and last day of each month. During the Employment Term, the Executive’s base salary shall be automatically increased by 5% on a cumulative basis effective on each anniversary of the Effective Date. The Executive’s 's annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary may be increased upon annual review by the Board, at the sole discretion of the Board, and once increased shall thereafter be the Base Salary hereunderSalary”.

Appears in 1 contract

Sources: Employment Agreement (5&2 Studios, Inc.)

1Base Salary. During the Term, the The Company shall pay from its U.S. payroll to the Executive a an annual base salary at the rate of US$490,000.00 per annum (the “Base Salary”), less applicable deductions and withholdings, payable $375,000 USD in periodic installments in accordance with the Company’s regular customary payroll practicespractices and applicable wage payment laws. The Executive’s Base Salary may base salary can discretionarily be increased upon annual review by the Board, at the sole discretion of the Boardreviewed from time-to-time, and once increased Company may, but shall thereafter 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 hereunderSalary”.

Appears in 1 contract

Sources: Employment Agreement (5&2 Studios, Inc.)

1Base Salary. During the Term, the The Company shall pay from its U.S. payroll to the Executive a salary at the an annual rate of US$490,000.00 per annum (the “Base Salary”), less applicable deductions and withholdings, payable base salary of $622,000 in periodic installments in accordance with the Company’s regular customary payroll practicespractices and applicable wage payment laws, but no less frequently than monthly. The Executive’s Base Salary may base salary shall be increased upon annual review reviewed at least annually by the BoardBoard and the Board may increase but not decrease the Executive’s base salary during the Employment Term. The Executive’s annual base salary, at the sole discretion of the Boardas in effect from time to time, and once increased shall thereafter be the is hereinafter referred to as “Base Salary hereunderSalary.” ​

Appears in 1 contract

Sources: Employment Agreement (Dragonfly Energy Holdings Corp.)

1Base Salary. During the Term, the The Company shall pay from its U.S. payroll to the Executive a base salary of Three Hundred Twenty Thousand Dollars ($320,000) per year. Base salary shall be payable in equal installments twice monthly or at the rate of US$490,000.00 per annum (the “Base Salary”), less applicable deductions and withholdings, payable more frequent intervals in accordance with the Company’s regular payroll practicescustomary pay schedule. The Company shall annually consider increases of Executive’s Base Salary base salary and may be increased upon annual review by the Board, at the sole discretion of the Board, and once increased shall thereafter be the Base Salary hereunderperiodically increase such base salary in its discretion.

Appears in 1 contract

Sources: Employment Agreement (Green Plains Inc.)

1Base Salary. During the Term, the The Company shall pay from its U.S. payroll to the Executive a an annualized base salary at the rate of US$490,000.00 per annum (the “Base Salary”), less applicable deductions and withholdings, $1.00 payable in accordance with the Company’s regular customary payroll practicespractices and applicable wage payment laws, but no less frequently than monthly. The Executive’s Base Salary base salary may be increased upon annual review reviewed from time to time by the BoardBoard in its discretion. The Executive’s annual base salary, at the sole discretion of the Boardas in effect from time to time, and once increased shall thereafter be the is hereinafter referred to as “Base Salary hereunderSalary”.

Appears in 1 contract

Sources: Executive Employment Agreement (Bakhu Holdings, Corp.)

1Base Salary. During the Term, the The Company shall pay from its U.S. payroll to the Executive a an annual base salary at the rate of US$490,000.00 per annum (the “Base Salary”), less applicable deductions and withholdings, payable $400,000 USD in periodic installments in accordance with the Company’s regular customary payroll practicespractices and applicable wage payment laws. The Executive’s Base Salary may base salary can discretionarily be increased upon annual review by the Board, at the sole discretion of the Boardreviewed from time-to-time, and once increased Company may, but shall thereafter 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 hereunderSalary”.

Appears in 1 contract

Sources: Employment Agreement (5&2 Studios, Inc.)

1Base Salary. During the Term, the The Company shall pay from its U.S. payroll to the Executive a salary at the an annual rate of US$490,000.00 per annum (the “Base Salary”), less applicable deductions and withholdings, payable base salary of $370,000 in periodic installments in accordance with the Company’s regular customary payroll practicespractices and applicable wage payment laws, but no less frequently than monthly. The Executive’s Base Salary may base salary shall be increased upon annual review reviewed at least annually by the BoardBoard and the Board may increase but not decrease the Executive’s base salary during the Employment Term. The Executive’s annual base salary, at the sole discretion of the Boardas in effect from time to time, and once increased shall thereafter be the is hereinafter referred to as “Base Salary hereunderSalary.” ​

Appears in 1 contract

Sources: Employment Agreement (Dragonfly Energy Holdings Corp.)