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$180,000 per annum payable in equal monthly installments of $ 15,000 each.
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. 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. 7.2 Bonus In addition to the annual base salary, the Employee may be granted a variable annual bonus, with an annual target of 50% of the annual base salary. The bonus is a special allowance and is at the sole discretion of the Company. The Employee is in no way entitled to claim a bonus. In particular, the payment of a bonus in a particular year does not give rise to a bonus entitlement for the following years. The amount of the bonus, if any, is also at the sole discretion of the Company. The granting and amount of a bonus depends in particular on the Employee's individual perfor xxxxx as well as on the Company's financial results in the relevant business year. The Employee is considered for a grant of a bonus if he worked for at least six months in the relevant business year before he was released from his obligation to work ("garden leave") or before the employment terminated, whatever is the earlier. When exercising its discretion whether a bonus may be granted, the Company shall take into account, amongst other things, the level of the bonus granted to other members of the senior management in the relevant busi ness year. 7.3
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. An annual base salary of $335,000, less payroll taxes and other withholdings, which amount will be reviewed and may be adjusted to an annual base salary of $350,000 by Morry Weiss on September 1, 2002, based on Meyer's xxxxxxmance;
Annual Base. Salary is defined in paragraph 3(a).
Annual Base. Rent During the Renewal Term.
