Annual Base Clause Samples
Annual Base. Salary is the sum of money regularly paid by Company to Executive each year of the term of this Agreement pursuant to provisions of Section 8.0 of this Agreement.
Annual Base. As payment for the services to be rendered by the Consultant as provided in Section 1 and subject to the terms and conditions of Section 2, the Corporation agrees to pay to the Consultant a "Base Compensation" of US$30,000 per annum payable in equal monthly installments of $2,500 each, in arrears commencing February, 2008 irrespective of the date of execution of this Agreement, plus applicable GST.
Annual Base. As payment for the services to be rendered by the Consultant as provided in Section 1 and subject to the terms and conditions of Section 2, the Corporation agrees to pay to the Consultant a "Base Compensation" of US$90,000 per annum payable in equal monthly installments of $7,500 each, in arrears, plus applicable HST.
Annual Base. Rent during the first Renewal Period shall be the greater of (i) ninety percent (90%) of the Market Rental Value of the Premises (as defined and determined below) for that period or (ii) the then-current rate of Base Rent, net of Base Year Operating Expenses and Base Year Real Estate Taxes; provided, however, that if the then-current Base Rent, net of Base Year Operating Expenses and Base Year Real Estate Taxes is greater than 100% of Market Rental Value, the annual Base Rent shall be 100% of Market Rental Value. Annual Base Rent for the second Renewal Period shall be one hundred percent (100%) of the Market Rental Value of the Premises. The determination of Market Rental Value shall account for the fact that Base Year operating Expenses and Base Year Real Estate Taxes for each Renewal Period shall be the Operating Expenses and Real Estate Taxes incurred by Landlord during the calendar year in which the applicable Renewal Period commences.
Annual Base. Salary is the sum of money regularly paid by QTA to Executive each year of the term of this Employment Agreement pursuant to provisions of Section 8.0 of this Employment Agreement.
Annual Base. Rent for the First Offer Space shall be the product of (1) the Fair Market Rent set forth in Landlord’s First Offer Notice and (2) the rentable square feet in the First Offer Space and the Monthly Base Rent shall be one twelfth (1/12th) of the Annual Base Rent.
Annual Base. Rent Annual Base Rent in the amount per annum set out in ---------------- section 1.1(f) (ii) for the respective year of the Term, payable in equal consecutive monthly instalments in advance on the first day of each month during the Term in the amount set out in section 1.1(f) (iii) , subject to the adjustment provisions of section 4.2(c);
Annual Base. Rent During the Renewal Term.
(i) The Base Rent during each Renewal Term will be the "then fair market rental value of the Premises" as defined below, but not less than the Base Rent payable in the last year of the preceding Term (or Renewal Term, as the case may be). Landlord and Tenant shall have thirty (30) days after Landlord receives the Option Notice within which to agree on the Annual Base Rent for the Renewal Term based upon the then fair market rental value of the Premises. If the parties agree on the Base Rent for the Renewal Term within thirty (30) days, they shall amend this Lease by stating the Base Rent for the Renewal Term.
(ii) If Landlord and Tenant are unable to agree on the Base Rent for the Renewal Term within the thirty (30) day period, then the "then fair market value of the Premises" shall be determined in accordance with the below.
(iii) The "then fair market rental value of the Premises" means the annual per square foot amount that a willing, comparable Tenant would pay and a willing, comparable Landlord would accept at arm's length for a new five (5) year lease (for non-renewable and nonexpansion space, unless the renewal or expansion are pursuant to a comparable definition of fair market rental value) for delivery on or about the applicable delivery or effective date, for comparable non-sublease, non-encumbered, non-renewal space in the Building. The value of Tenant's trade fixtures and equipment and Tenant Improvements constructed and paid for by Tenant shall not be factored into the fair market value determination. Notwithstanding the foregoing, the then fair market rental value of the Premises for the Renewal Tenn will not be less than the Base Rent payable during the last year of the preceding Term.
(iv) Within seven (7) days after the expiration of the thirty (30) day period set forth above, Landlord and Tenant shall each appoint a real estate appraiser with at least five full years full-time commercial appraisal experience in the area in which the Premises are located to appraise the then fair market rental value of the Premises. If either the Landlord or the Tenant does not appoint an appraiser within ten days after the other has given notice of the name of its appraiser, the single appraiser appointed shall be the sole appraiser and shall set the then fair market rental value of the Premises. If two appraisers are appointed pursuant to this paragraph, they shall meet promptly and attempt to set the then fair market rental...
Annual Base. Salary is defined in paragraph 3(a).
Annual Base. Salary The Employee will be paid a gross annual base salary of CHF 327,000.00 (three hundred twen ty-seven thousand Swiss francs) for 80% of employment time. The annual salary will be paid in twelve monthly installments in arrears by bank transfer. The gross annual base salary will be reviewed annually, normally in January, at the sole discre tion of the Board of Directors of the Company.