Common use of 1Base Salary Clause in Contracts

1Base Salary. The Company shall pay the Executive an annual rate of base salary of $370,000 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 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.)

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1Base Salary. The Company shall pay the Executive an annual rate of a base salary of Three Hundred Twenty Thousand Dollars ($370,000 320,000) per year. Base salary shall be payable in periodic equal installments twice monthly or at more frequent intervals in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthlypay schedule. The Company shall annually consider increases of Executive’s base salary shall be reviewed at least annually by the Board and the Board may periodically increase but not decrease the Executive’s such 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 Salaryits discretion.” ​

Appears in 1 contract

Samples: Employment Agreement (Green Plains Inc.)

1Base Salary. The Company shall pay the Executive an annual rate of base salary of $370,000 622,000 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 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.)

1Base Salary. The Company shall pay the Executive an annual rate of annualized base salary of $370,000 in periodic installments 1.00 payable 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 may be reviewed at least annually from time to time by the Board and the Board may increase but not decrease the Executive’s base salary during the Employment Termin its discretion. 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: Indemnification Agreement (Bakhu Holdings, Corp.)

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1Base Salary. The Company shall pay the Executive will be paid an annual rate of base salary (“Base Salary”) of One Hundred Fifty Thousand and 00/100 Dollars ($370,000 in periodic installments 150,000) beginning as of the Effective Date in accordance with the Company’s customary normal payroll practices and practices, subject to applicable wage payment laws, but no less frequently than monthlytax withholding. The Executive’s base salary Annual Base Salary shall be reviewed at least annually by and is subject to adjustment in the good faith discretion of the Company’s Board and of Directors (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 SalaryBoard”) and/or Chief Executive Officer.” ​

Appears in 1 contract

Samples: Employment Agreement (ProSomnus, Inc.)

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