Common use of Annual Base Salary Clause in Contracts

Annual Base Salary. The Executive shall be compensated at an annual base rate of Two Hundred Thirty-Nine Thousand Seven Hundred and No/100 Dollars ($239,700.00) (the “Annual Base Salary”). The Executive’s Annual Base Salary shall be reviewed by the Employer at least annually for adjustments, as determined by the Employer based on an evaluation of the Executive’s performance. The Executive’s Annual Base Salary shall be payable in accordance with the Employer’s normal payroll practices.

Appears in 2 contracts

Samples: Employment Agreement (First Security Group Inc/Tn), Employment Agreement (First Security Group Inc/Tn)

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Annual Base Salary. The Executive shall be compensated at an annual base rate of Two One Hundred ThirtyNinety-Nine Thousand Seven Six Hundred Twenty and No/100 Dollars ($239,700.00199,620.00) (the “Annual Base Salary”). The Executive’s Annual Base Salary shall be reviewed by the Employer at least annually for adjustments, as determined by the Employer based on an evaluation of the Executive’s performance. The Executive’s Annual Base Salary shall be payable in accordance with the Employer’s normal payroll practices.

Appears in 2 contracts

Samples: Employment Agreement (First Security Group Inc/Tn), Employment Agreement (First Security Group Inc/Tn)

Annual Base Salary. The Executive shall be compensated at an annual base rate of Two Three Hundred Thirty-Nine Five Thousand Seven Hundred and No/100 Dollars ($239,700.00335,000) (the “Annual Base Salary”). The Executive’s Annual Base Salary shall be reviewed by the Employer Board of Directors at least annually for adjustments, as determined by the Employer Board of Directors based on an its evaluation of the Executive’s performance. The Executive’s Annual Base Salary shall be payable in accordance with the Employer’s normal payroll practices.

Appears in 2 contracts

Samples: Employment Agreement (Park Sterling Corp), Employment Agreement (Park Sterling Corp)

Annual Base Salary. The During the Employment Period, Executive shall be compensated at an annual base rate of Two Hundred Thirty-Nine Thousand Seven Hundred and No/100 Dollars ($239,700.00) 145,000 (the "Annual Base Salary"). The Executive’s Annual Base Salary shall be reviewed by the Employer at least annually for adjustments, as determined by the Employer based on an evaluation of the Executive’s performance. The Executive’s Annual Base Salary which shall be payable in accordance with the Employer’s normal payroll practicespractices of the Company. Executive's rate of Annual Base Salary shall be periodically reviewed by the Board and/or the Compensation Committee of the Board (the "Compensation Committee") for increase, but in no event will it be decreased.

Appears in 1 contract

Samples: Employment Agreement (Horizon Personal Communications Inc)

Annual Base Salary. The Executive shall be compensated at an a base annual base rate of Two Hundred Thirty-Nine Thousand Seven Hundred and No/100 Dollars ($239,700.00) 470,000 per year (the “Annual Base Salary”). The Executive’s Annual Base Salary shall will be reviewed by the Employer compensation committee of Company’s board of directors at least annually for adjustmentsannually, as determined in accordance with the compensation committee’s charter and any procedures adopted by the Employer compensation committee, for adjustment based on an evaluation of the Executive’s performance. The Executive’s Annual Base Salary shall be payable in accordance with the Employer’s normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Smartfinancial Inc.)

Annual Base Salary. The Executive shall be compensated at an initial annual base rate of Two Hundred Thirty-Nine Thousand Seven Hundred and No/100 Dollars ($239,700.00) 350,000 (the “Annual Base Salary”). The Executive’s Annual Base Salary shall be reviewed by the Employer Compensation and Development Committee of Board of Directors of the Company (the “Committee”) at least annually for adjustments, as determined by the Employer Committee based on an its evaluation of the Executive’s performance. The Executive’s Annual Base Salary shall be payable in accordance with the EmployerPark Sterling’s normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Park Sterling Corp)

Annual Base Salary. The Executive shall be compensated at an annual base rate of Two Three Hundred Thirty-Nine Thousand Seven Hundred and No/100 Dollars ($239,700.00300,000.00) (the “Annual Base Salary”). The Executive’s Annual Base Salary shall be reviewed by the Employer at least annually for adjustments, as determined by the Employer based on an evaluation of the Executive’s performance. The Executive’s Annual Base Salary shall be payable in accordance with the Employer’s normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Southwest Bancorp Inc)

Annual Base Salary. The Executive shall be compensated at an annual base rate of Two Hundred ThirtyTwenty-Nine Five Thousand Seven Hundred and No/100 Dollars ($239,700.00225,000.00) (the “Annual Base Salary”). The Executive’s Annual Base Salary shall be reviewed by the Employer at least annually for adjustments, as determined by the Employer based on an evaluation of the Executive’s performance. The Executive’s 's Annual Base Salary shall be payable in accordance with the Employer’s Company's normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Acorn Energy, Inc.)

Annual Base Salary. The Executive shall be compensated at an a base annual base rate of Two Hundred Thirty-Nine Thousand Seven Hundred and No/100 Dollars ($239,700.00) 230,000.00 per year (the “Annual Base Salary”). The Executive’s Annual Base Salary shall will be reviewed by the Employer compensation committee of the Company’s board of directors at least annually for adjustmentsannually, as determined in accordance with the compensation committee’s charter and any procedures adopted by the Employer compensation committee, for adjustment based on an evaluation of the Executive’s performance. The Executive’s Annual Base Salary shall be payable in accordance with the EmployerBank’s normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Reliant Bancorp, Inc.)

Annual Base Salary. The Executive shall be compensated at an annual base rate of Two Four Hundred Thirty-Nine Thousand Seven Hundred and No/100 Dollars ($239,700.00400,000) (the “Annual Base Salary”). The Executive’s Annual Base Salary shall be reviewed by the Employer Board of Directors at least annually for adjustments, as determined by the Employer Board of Directors based on an its evaluation of the Executive’s performance. The Executive’s Annual Base Salary shall be payable in accordance with the Employer’s normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Park Sterling Corp)

Annual Base Salary. The Executive shall be compensated at an annual base rate of Two Hundred Thirty-Nine Thousand Seven Hundred and No/100 Dollars ($239,700.00) 150,000 per year (the “Annual Base Salary”). The Executive’s Annual Base Salary shall will be reviewed by the Employer at least annually for adjustments, as determined by the Employer adjustment based on an evaluation of the Executive’s performance. The Executive’s Annual Base Salary shall be payable in accordance with the Employer’s normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Commerce Union Bancshares, Inc.)

Annual Base Salary. The Executive shall be compensated at an annual base rate of Two not less than One Hundred ThirtyEighty-Nine One Thousand Seven Hundred Seventy-Seven and No/100 Dollars ($239,700.00181,777.00) (the “Annual Base Salary”). The Executive’s Annual Base Salary shall be reviewed by the Employer Board of Directors at least annually annually, but not more than fourteen (14) months from the immediately preceding review, for adjustmentsincreases, as determined by the Employer Board of Directors based on an its evaluation of the Executive’s performance. The Executive’s Annual Base Salary shall be payable in accordance with the Employer’s normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Community First Inc)

Annual Base Salary. The Executive shall be compensated at an annual base rate of Two Hundred Thirty-Nine Forty Thousand Seven Hundred and No/100 Dollars ($239,700.00240,000.00) (the “Annual Base Salary”). The Executive’s Annual Base Salary shall be reviewed by the Employer Board of Directors at least annually for adjustmentspossible increases, as determined by the Employer Board of Directors based on an evaluation of the Executive’s performance. The Executive’s Annual Base Salary shall be payable in accordance with the Employer’s normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Coastal Banking Co Inc)

Annual Base Salary. The Executive shall be compensated at an a base annual base rate of Two Hundred Thirty-Nine Thousand Seven Hundred and No/100 Dollars ($239,700.00) 257,500 per year (the “Annual Base Salary”). The Executive’s Annual Base Salary shall will be reviewed by the Employer compensation committee of Company’s board of directors at least annually for adjustmentsannually, as determined in accordance with the compensation committee’s charter and any procedures adopted by the Employer compensation committee, for adjustment based on an evaluation of the Executive’s performance. The Executive’s Annual Base Salary shall be payable in accordance with the Employer’s normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Smartfinancial Inc.)

Annual Base Salary. The From the Effective Date through December 31, 2017 the Executive shall be compensated at an annual base rate of Two Hundred Thirty-Nine Thousand Seven Hundred and No/100 Dollars ($239,700.00) 360,000.00 (the “Annual Base Salary”). The Executive’s Annual Base Salary shall be reviewed by the Employer Compensation and Development Committee of Board of Directors of the Company (the “Committee”) at least annually for adjustments, as determined by the Employer Committee based on an its evaluation of the Executive’s performance. The Executive’s Annual Base Salary shall be payable in accordance with the EmployerPark Sterling’s normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Park Sterling Corp)

Annual Base Salary. The Executive shall be compensated at an annual base rate of Two One Hundred ThirtyEighty-Nine One Thousand Seven One Hundred and No/100 Twenty-Five Dollars ($239,700.00181,125.00) (the “Annual Base Salary”). The Executive’s Annual Base Salary shall be reviewed by the Employer Bank at least annually for adjustmentspossible increases, as determined by the Employer Bank based on an its evaluation of the Executive’s performance. The Executive’s Annual Base Salary shall be payable in accordance with the Employer’s normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Oconee Financial Corp)

Annual Base Salary. The Executive shall be compensated at an annual base rate of Two not less than One Hundred ThirtySixty-Nine Five Thousand Seven Hundred and No/100 Dollars ($239,700.00165,000.00) (the “Annual Base Salary”). The Executive’s Annual Base Salary shall be reviewed by the Employer Board of Directors at least annually annually, but not more than fourteen (14) months from the immediately preceding review, for adjustmentsincreases, as determined by the Employer Board of Directors based on an its evaluation of the Executive’s performance. The Executive’s Annual Base Salary shall be payable in accordance with the Employer’s normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Community First Inc)

Annual Base Salary. The Executive shall be compensated at an annual base rate of Two One Hundred Thirty-Nine Forty Eight Thousand Seven Four Hundred and No/100 Dollars ($239,700.00148,400) (the “Annual Base Salary”). The Executive’s Annual Base Salary shall be reviewed by the Employer at least Senior Lender annually for adjustmentspossible increases, as determined by the Employer Senior Lender based on an evaluation of the Executive’s performance. The Executive’s Annual Base Salary shall be payable in accordance with the Employer’s normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Coastal Banking Co Inc)

Annual Base Salary. The Executive shall be compensated at an annual base rate of Two Hundred Thirty-Nine Four Thousand Seven Five Hundred Ninety Four and No/100 00/100 Dollars ($239,700.00204,594) (the “Annual Base Salary”). The Executive’s Annual Base Salary shall be reviewed by the Employer at least annually for adjustmentspossible increases, as determined by the Employer based on an evaluation of the Executive’s performance. The Executive’s Annual Base Salary shall be payable in accordance with the Employer’s normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (TC Bancshares, Inc.)

Annual Base Salary. The Executive shall be compensated at an annual base rate of Two One Hundred ThirtyFifty-Nine Three Thousand Seven Six Hundred and No/100 Fifty Dollars ($239,700.00153,650) (the “Annual Base Salary”). The Executive’s Annual Base Salary shall be reviewed by the Employer at least Board of Directors annually for adjustmentspossible increases, as determined by the Employer Board of Directors based on an evaluation of the Executive’s performance. The Executive’s Annual Base Salary shall be payable in accordance with the Employer’s normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Coastal Banking Co Inc)

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Annual Base Salary. The Executive shall be compensated at an annual base rate of Two Hundred Thirty-Nine Eighty Thousand Seven Hundred and No/100 Dollars ($239,700.00280,000.00) (the “Annual Base Salary”). The Executive’s Annual Base Salary shall be reviewed by the Employer Board of Directors at least annually for adjustments, as determined by the Employer Board of Directors based on an evaluation of the Executive’s performance. The Executive’s Annual Base Salary shall be payable in accordance with the Employer’s normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Citizens Bancshares Corp /Ga/)

Annual Base Salary. The Executive shall be compensated at an a base annual base rate of Two Hundred Thirty-Nine Thousand Seven Hundred and No/100 Dollars ($239,700.00) 375,000 per year (the “Annual Base Salary”). The Executive’s Annual Base Salary shall will be reviewed by the Employer at least annually for adjustments, as determined by the Employer adjustment based on an evaluation of the Executive’s performance. The Executive’s Annual Base Salary shall be payable in accordance with the Employer’s normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Reliant Bancorp, Inc.)

Annual Base Salary. The Executive shall be compensated at an a base annual base rate of Two Hundred Thirty-Nine Thousand Seven Hundred and No/100 Dollars ($239,700.00) 235,000 per year (the “Annual Base Salary”). The Executive’s Annual Base Salary shall will be reviewed by the Employer compensation committee of Company’s board of directors at least annually for adjustmentsannually, as determined in accordance with the compensation committee’s charter and any procedures adopted by the Employer compensation committee, for adjustment based on an evaluation of the Executive’s performance. The Executive’s Annual Base Salary shall be payable in accordance with the EmployerBank’s normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Reliant Bancorp, Inc.)

Annual Base Salary. The Executive shall be compensated at an annual a monthly base rate of Thirteen Thousand Two Hundred Thirty-Nine Thousand Seven Hundred and No/100 Dollars ($239,700.0013,200) (the “Annual Monthly Base Salary”). The Executive’s Annual Base Salary shall be reviewed by the Employer at least annually for adjustments, as determined by the Employer based on an evaluation of the Executive’s performance. The Executive’s Annual Monthly Base Salary shall be payable in accordance with the Employer’s normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Coastal Banking Co Inc)

Annual Base Salary. The Executive shall be compensated at an a base annual base rate of Two Hundred Thirty-Nine Thousand Seven Hundred and No/100 Dollars ($239,700.00) 245,000 per year (the “Annual Base Salary”). The Executive’s Annual Base Salary shall will be reviewed by the Employer compensation committee of the Board of Directors at least annually for adjustmentsannually, as determined in accordance with the compensation committee’s charter and any procedures adopted by the Employer compensation committee, for adjustment based on an evaluation of the Executive’s performance. The Executive’s Annual Base Salary shall be payable in accordance with the EmployerCompany’s normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Reliant Bancorp, Inc.)

Annual Base Salary. The Executive shall be compensated at an a base annual base rate of Two Hundred Thirty-Nine Thousand Seven Hundred and No/100 Dollars ($239,700.00) 270,000 per year (the “Annual Base Salary”). The Executive’s Annual Base Salary shall will be reviewed by the Employer compensation committee of Company’s board of directors at least annually for adjustmentsannually, as determined in accordance with the compensation committee’s charter and any procedures adopted by the Employer compensation committee, for adjustment based on an evaluation of the Executive’s performance. The Executive’s Annual Base Salary shall be payable in accordance with the EmployerBank’s normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Reliant Bancorp, Inc.)

Annual Base Salary. The Executive shall be compensated at an annual base rate of not less than Two Hundred ThirtySixty-Nine Five Thousand Seven Two Hundred Twenty-Five and No/100 Dollars ($239,700.00265,225.00) (the “Annual Base Salary”). The Executive’s Annual Base Salary shall be reviewed by the Employer Board of Directors at least annually annually, but not more than fourteen (14) months from the immediately preceding review, for adjustmentsincreases, as determined by the Employer Board of Directors based on an its evaluation of the Executive’s performance. The Executive’s Annual Base Salary shall be payable in accordance with the Employer’s normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Community First Inc)

Annual Base Salary. The Executive shall be compensated at an a base annual base rate of Two Hundred Thirty-Nine Thousand Seven Hundred and No/100 Dollars ($239,700.00) 410,000 per year (the “Annual Base Salary”). The Executive’s Annual Base Salary shall will be reviewed by the Employer compensation committee of Company’s board of directors at least annually for adjustmentsannually, as determined in accordance with the compensation committee’s charter and any procedures adopted by the Employer compensation committee, for adjustment based on an evaluation of the Executive’s performance. The Executive’s Annual Base Salary shall be payable in accordance with the Employer’s normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Reliant Bancorp, Inc.)

Annual Base Salary. The Executive shall be compensated at an annual base rate of Two Four Hundred Thirtyand Twenty-Nine Five Thousand Seven Hundred and No/100 Dollars ($239,700.00425,000.00) (the “Annual Base Salary”). The Executive’s Annual Base Salary shall be reviewed by the Employer at least annually for adjustments, as determined by the Employer based on an evaluation of the Executive’s performance. The Executive’s Annual Base Salary shall be payable in accordance with the Employer’s normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Southwest Bancorp Inc)

Annual Base Salary. The Executive shall be compensated at an annual base rate of Two not less than One Hundred Thirty-Nine Seven Thousand Six Hundred Ninety-Seven Hundred and No/100 Dollars ($239,700.00137,697.00) (the “Annual Base Salary”). The Executive’s Annual Base Salary shall be reviewed by the Employer Board of Directors at least annually annually, but not more than fourteen (14) months from the immediately preceding review, for adjustmentsincreases, as determined by the Employer Board of Directors based on an its evaluation of the Executive’s performance. The Executive’s Annual Base Salary shall be payable in accordance with the Employer’s normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Community First Inc)

Annual Base Salary. The Executive shall be compensated at an a base annual base rate of Two Hundred Thirty-Nine Thousand Seven Hundred and No/100 Dollars ($239,700.00) 300,000 per year (the “Annual Base Salary”). The Executive’s Annual Base Salary shall will be reviewed by the Employer at least annually for adjustments, as determined by the Employer adjustment based on an evaluation of the Executive’s performance. The Executive’s Annual Base Salary shall be payable in accordance with the Employer’s normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Reliant Bancorp, Inc.)

Annual Base Salary. The During the Employment Period, Executive shall be compensated at an annual base rate of Two Hundred Thirty-Nine Thousand Seven Hundred and No/100 Dollars ($239,700.00) 215,000 (the “Annual Base Salary”). The Executive’s Annual Base Salary shall be reviewed by the Employer at least annually for adjustments, as determined by the Employer based on an evaluation of the Executive’s performance. The Executive’s Annual Base Salary which shall be payable in accordance with the Employer’s normal payroll practicespractices of the Company. Executive’s rate of Annual Base Salary shall be periodically reviewed by the Board and/or the Compensation Committee of the Board (the “Compensation Committee”) for increase, but in no event will it be decreased.

Appears in 1 contract

Samples: Employment Agreement (Horizon PCS Inc)

Annual Base Salary. The Executive shall be compensated at an annual base rate of Two One Hundred ThirtyFifty-Nine Three Thousand Seven Six Hundred and No/100 Fifty Dollars ($239,700.00153,650) (the “Annual Base Salary”). The Executive’s Annual Base Salary shall be reviewed by the Employer Board of Directors at least annually for adjustmentspossible increases, as determined by the Employer Board of Directors based on an evaluation of the Executive’s performance. The Executive’s Annual Base Salary shall be payable in accordance with the Employer’s normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Coastal Banking Co Inc)

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