Additional Salary. In addition to the compensation described above, the Executive shall also receive an additional Eighteen Thousand Five Hundred Dollars ($18,500) per annum during the Term, payable at the time the first monthly installment of Base Salary is payable hereunder and on each anniversary thereafter (all such payments are referred to herein as “Additional Salary”).
Appears in 2 contracts
Sources: Employment Agreement (Spectrum Brands, Inc.), Employment Agreement (Rayovac Corp)