Common use of Annual Base Salary Clause in Contracts

Annual Base Salary. The Company shall pay the Executive during the Term of this Agreement an annual base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with the Company’s regular payroll practices. The Annual Base Salary may be increased from time to time by the Board.

Appears in 3 contracts

Samples: Employment Agreement (Next Fuel, Inc.), Employment Agreement (Next Fuel, Inc.), Employment Agreement (Next Fuel, Inc.)

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Annual Base Salary. The Company shall pay to the Executive during the Term of this Agreement an annual ------------------ base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary") at a rate not less than two hundred thousand dollars ($200,000), which amount shall such salary to be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable paid in equal installments in accordance conformity with the Company’s regular 's payroll practicespolicies relating to its senior executive officers. The Annual Base Salary may be increased may, from time to time by time, be increased, however, if the BoardExecutive's Base Salary is increased, it shall not thereafter be decreased during the Term.

Appears in 3 contracts

Samples: Employment Agreement (Idt Corp), Employment Agreement (Idt Corp), Employment Agreement (Idt Corp)

Annual Base Salary. The During calendar year 2005 the Company shall pay to the Executive during the Term of this Agreement an annual base salary at the rate of One Hundred Twenty Thousand ($120,000) Dollars (150,000 per year, less all applicable deductions) deductions (the "Annual Base Salary"), which amount ”) for all services rendered by the Executive to the Company. At least annually the Compensation Committee of the Board (the “Committee”) shall be effective as of April 1, 2011review the Executive’s performance and compensation and may increase the Base Salary. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with the Company’s regular payroll practices. The Annual Base Salary may be increased practice of the Company in effect from time to time by for the Boardpayment of salaries to officers of the Company.

Appears in 3 contracts

Samples: Employment Agreement (Columbia Equity Trust, Inc.), Employment Agreement (Columbia Equity Trust, Inc.), Employment Agreement (Columbia Equity Trust, Inc.)

Annual Base Salary. The Company shall pay the Executive during During the Term of this Agreement Agreement, the Company will pay to the Executive an annual base salary of One Hundred Twenty Thousand (not less than $120,000) Dollars (less all applicable deductions) (the "Annual Base Salary")265,000, which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with the Company’s regular payroll practices. The Annual Base Salary annual base salary may be increased modified from time to time by the BoardBoard (or the Compensation Committee thereof) in its sole discretion, payable at the times and in the manner consistent with the Company's general policies regarding compensation of executive employees. The Board may from time to time authorize such additional compensation to the Executive, in cash or in property, as the Board may determine in its sole discretion to be appropriate.

Appears in 2 contracts

Samples: Employment Agreement (Ultramar Diamond Shamrock Corp), Employment Agreement (Ultramar Diamond Shamrock Corp)

Annual Base Salary. The Company Corporation shall pay the Executive during the Term of this Agreement an a base annual base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary") which initially shall be TWO HUNDRED AND FIFTEEN THOUSAND DOLLARS US (US$215,000), which amount shall be effective as of April 1, 2011subject to applicable taxable withholding and deductions and payable in accordance with the Corporation's standard payroll practice for executive officers. The Executive’s Annual Base Salary shall be payable in equal installments reviewed annually by the Board or a committee of the Board and may be increased in accordance with the Company’s regular payroll practices. The Annual Base Salary may be increased from time to time by the BoardCorporation's compensation policy.

Appears in 2 contracts

Samples: Executive Employment Agreement (Zomedica Pharmaceuticals Corp.), Executive Employment Agreement (Zomedica Pharmaceuticals Corp.)

Annual Base Salary. The In consideration of the Services to be rendered under this Agreement, the Company shall pay the Executive during the Term of this Agreement an annual base salary at the rate of One Two Hundred Twenty Fifty Thousand Dollars ($120,000250,000.00) Dollars per year, less applicable withholdings (less all applicable deductions) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal installments paid in accordance with the Company’s regular normal payroll practices. The Annual Executive’s Base Salary may will be increased reviewed from time to time by in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be increased in the sole discretion of the Board.

Appears in 2 contracts

Samples: Executive Employment Agreement (Orange 21 Inc.), Executive Employment Agreement (Orange 21 Inc.)

Annual Base Salary. The For all services rendered by Executive under this Agreement, the Company shall pay the Executive during the Term term of this Agreement an annual a base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary")salary, which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal periodic installments in accordance with the Company’s regular payroll practices. The Annual Base Salary , as such may be increased amended from time to time time, at an annual rate of not less than $250,000. The amount of such base salary shall be reviewed at least once each fiscal year by the BoardChief Executive Officer and the Compensation Committee of the Company’s Board of Directors.

Appears in 2 contracts

Samples: Employment Agreement (Sirenza Microdevices Inc), Executive Employment Agreement (Sirenza Microdevices Inc)

Annual Base Salary. The Company shall pay the Executive during the Term of this Agreement an annual base salary of One Hundred Twenty Thousand ________ ($120,000______) Dollars (less all applicable deductions) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with the Company’s regular payroll practices. The Annual Base Salary may be increased from time to time by the Board.

Appears in 2 contracts

Samples: Technology and Intellectual Property Purchase Agreement (Next Fuel, Inc.), Agreement and Plan of Merger (Alternative Energy & Environmental Solutions, Inc.)

Annual Base Salary. The Company shall pay the Executive during During the Term of this Agreement Agreement, the Company will pay to the Executive an annual base salary of One Hundred Twenty Thousand (not less than $120,000) Dollars (less all applicable deductions) (the "Annual Base Salary")335,000, which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with the Company’s regular payroll practices. The Annual Base Salary annual base salary may be increased modified from time to time by the BoardBoard (or the Compensation Committee thereof) in its sole discretion, payable at the times and in the manner consistent with the Company's general policies regarding compensation of executive employees. The Board may from time to time authorize such additional compensation to the Executive, in cash or in property, as the Board may determine in its sole discretion to be appropriate.

Appears in 2 contracts

Samples: Employment Agreement (Ultramar Diamond Shamrock Corp), Employment Agreement (Ultramar Diamond Shamrock Corp)

Annual Base Salary. The Company Corporation shall pay the Executive during the Term of this Agreement an a base annual base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary") which initially shall be ONE HUNDRED AND FIFTY THOUSAND DOLLARS US (US$150,000), which amount shall be effective as of April 1, 2011subject to applicable taxable withholding and deductions and payable in accordance with the Corporation's standard payroll practice for executive officers. The Executive’s Annual Base Salary shall be payable in equal installments reviewed annually by the Board or a committee of the Board and may be increased in accordance with the Company’s regular payroll practices. The Annual Base Salary may be increased from time to time by the BoardCorporation's compensation policy.

Appears in 2 contracts

Samples: Executive Employment Agreement (Zomedica Corp.), Executive Employment Agreement (Zomedica Pharmaceuticals Corp.)

Annual Base Salary. The For all of the service rendered by the Executive to the Company, the Company shall pay the Executive during the Term of this Agreement an annual base salary of One Hundred Twenty Eighty Thousand Dollars ($120,000180,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with the Company’s regular payroll practices. The Annual Base Salary may be increased practice of the Company in effect from time to time by for the Boardpayment of salaries to officers of the Company. The Executive’s performance shall be reviewed at least annually.

Appears in 2 contracts

Samples: Employment and Non Competition Agreement (MergeWorthRx Corp.), Employment and Non Competition Agreement (AdaptHealth Corp.)

Annual Base Salary. The For all of the service rendered by the Executive to the Company, the Company shall pay the Executive during the Term of this Agreement an annual base salary of One Hundred Twenty Thousand ($120,000) Dollars 125,000 (less all applicable deductions) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with the Company’s regular payroll practices. The Annual Base Salary may be increased practice of the Company in effect from time to time by for the Boardpayment of salaries to officers of the Company. The Executive’s performance shall be reviewed at least annually.

Appears in 2 contracts

Samples: Employment and Non Competition Agreement (MergeWorthRx Corp.), Employment and Non Competition Agreement (MergeWorthRx Corp.)

Annual Base Salary. The During the Term, the Company shall pay the Executive during the Term of this Agreement an annual base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), which Salary of $325,000 as compensation for the Executive’s services. The Annual Base Salary amount shall be effective as of April 1, 2011subject to review and may be adjusted based upon the Company’s normal performance review practices. The Executive’s Annual Base Salary shall will be payable in equal installments paid periodically in accordance with the Company’s regular normal payroll practices. The Annual Base Salary may practices and be increased from time subject to time by the Boardusual, required withholdings.

Appears in 1 contract

Samples: Employment Agreement (Acutus Medical, Inc.)

Annual Base Salary. The During calendar year 2005 the Company shall pay to the Executive during the Term of this Agreement an annual base salary at the rate of One Hundred Twenty Thousand ($120,000) Dollars (190,000 per year, less all applicable deductions) deductions (the "Annual Base Salary"), which amount ”) for all services rendered by the Executive to the Company. At least annually the Compensation Committee of the Board (the “Committee”) shall be effective as of April 1, 2011review the Executive’s performance and compensation and may increase the Base Salary. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with the Company’s regular payroll practices. The Annual Base Salary may be increased practice of the Company in effect from time to time by for the Boardpayment of salaries to officers of the Company.

Appears in 1 contract

Samples: Employment Agreement (Columbia Equity Trust, Inc.)

Annual Base Salary. The In consideration of the Services to be rendered under this Agreement, the Company shall pay the Executive during the Term of this Agreement an annual base salary at the rate of One Two Hundred Twenty and Sixty-Five Thousand Dollars ($120,000265,000.00) Dollars per year, less applicable withholdings (less all applicable deductions) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal installments paid in accordance with the Company’s regular normal payroll practices. The Annual Executive’s Base Salary may will be increased reviewed from time to time by in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be increased in the sole discretion of the Board.

Appears in 1 contract

Samples: Executive Employment Agreement (Spy Inc.)

Annual Base Salary. The Company shall pay to the Executive during the Term of this Agreement an annual as compensation for his services provided hereunder a base salary of One Hundred Twenty Thousand $250,000 per year ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), which unless increased in such amount shall as may be effective as of April 1, 2011determined by the Board. The Executive’s Annual Base Salary 's base salary shall be payable in equal installments in accordance with the Company’s regular 's normal payroll practices. The Annual Base Salary may be increased from time to time by the Boardprocedures.

Appears in 1 contract

Samples: Agreement (Metrotrans Corp)

Annual Base Salary. The Company shall pay the Executive during the Term of this Agreement an annual base salary of One Hundred Twenty Seventy Thousand ($120,00070,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with the Company’s regular payroll practices. The Annual Base Salary may be increased from time to time by the Board.

Appears in 1 contract

Samples: Employment Agreement (Next Fuel, Inc.)

Annual Base Salary. The Company shall pay the to Executive during the Term of this Agreement an annual as compensation for his services provided hereunder a base salary of One Two Hundred Twenty Thirty-Five Thousand Dollars ($120,000235,000) Dollars per year (less “Base Salary”), payable on a periodic basis consistent with the regular payroll practices of the Company. All payments to Executive shall be subject to all applicable deductions) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011tax withholdings. The Executive’s Annual Such Base Salary shall be payable in equal installments in accordance with reviewed annually by the Company’s regular payroll practices. The Annual Base Salary Board of Directors and may be increased from time to time by the Boardin its sole discretion.

Appears in 1 contract

Samples: Employment Agreement (Juniper Partners Acquisition Corp.)

Annual Base Salary. The Company shall pay the Executive during the Term of this Agreement an annual a base salary at the annual rate of One Hundred Twenty Thousand no less than TWO HUNDRED SEVENTY-FIVE THOUSAND Dollars and 00/100 ($120,000) Dollars (less all applicable deductions275,000.00) (the "Annual Base Salary")”) unless and until Executive and the Company agree to a different amount, in which event the new agreed amount shall be the Base Salary from the effective as date of April 1, 2011that agreed adjustment. The Executive’s Annual Base Salary shall will be payable in equal installments in accordance with reviewed annually to determine any appropriate upward adjustments at the Company’s regular payroll practices. The Annual Base Salary may be increased from time to time by discretion of the BoardBoard of Directors.

Appears in 1 contract

Samples: Employment Agreement (Global Aviation Holdings Inc.)

Annual Base Salary. The For all services rendered by Executive under this Agreement, the Company shall pay the Executive during the Term term of this Agreement an annual a base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary")salary, which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal periodic installments in accordance with the Company’s regular payroll practices. The Annual Base Salary , as such may be increased amended from time to time time, at an annual rate of not less than $205,000.00. The amount of such base salary shall be reviewed at least once each fiscal year by the BoardCompensation Committee of the Company’s Board of Directors.

Appears in 1 contract

Samples: Employment Agreement (Sirenza Microdevices Inc)

Annual Base Salary. The For all of the service rendered by the Executive to the Company, the Company shall pay the Executive during the Term of this Agreement an annual base salary of One Three Hundred Twenty Fifty Thousand Dollars ($120,000350,000.00) Dollars (less all applicable deductions) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with the Company’s regular payroll practices. The Annual Base Salary may be increased practice of the Company in effect from time to time by for the Board.payment of salaries to officers of the Company. The Executive’s performance shall be reviewed at least annually. ​

Appears in 1 contract

Samples: Employment and Non Competition Agreement (AdaptHealth Corp.)

Annual Base Salary. The Company shall pay the Executive during the Term of this Agreement an annual a base salary at the annual rate of One Hundred Twenty Thousand no less than FIVE HUNDRED TWENTY-FIVE THOUSAND Dollars and 00/100 ($120,000) Dollars (less all applicable deductions525,000.00) (the "Annual Base Salary")”) unless and until Executive and the Company agree to a different amount, in which event the new agreed amount shall be the Base Salary from the effective as date of April 1, 2011that agreed adjustment. The Executive’s Annual Base Salary shall will be payable in equal installments in accordance with reviewed annually to determine any appropriate upward adjustments at the Company’s regular payroll practices. The Annual Base Salary may be increased from time to time by discretion of the BoardBoard of Directors.

Appears in 1 contract

Samples: Employment Agreement (Global Aviation Holdings Inc.)

Annual Base Salary. The Company shall pay to the Executive during the Term of this Agreement an annual base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary") at a rate not less than Two Hundred Fifty Thousand Dollars ($250,000.00), which amount shall less applicable taxes, such salary to be effective as of April 1paid in conformity with the Company's payroll policies relating to its senior executive officers. During the Term, 2011. The the Executive’s Annual 's Base Salary shall be payable in equal installments in accordance with increased, if necessary, so that the Base Salary is not less than the highest paid employee(s) of the Company or any of the Company’s regular payroll practices. The Annual Base Salary may be increased from time to time by the Board's controlled entities.

Appears in 1 contract

Samples: Employment Agreement (Idt Corp)

Annual Base Salary. The For all services rendered by Executive under this Agreement, the Company shall pay the Executive during the Term term of this Agreement an annual a base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary")salary, which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal periodic installments in accordance with the Company’s regular payroll practices. The Annual Base Salary , as such may be increased amended from time to time time, at an annual rate of not less than $295,000. The amount of such base salary shall be reviewed at least once each fiscal year by the BoardChief Executive Officer and the Compensation Committee of the Company’s Board of Directors.

Appears in 1 contract

Samples: Executive Employment Agreement (Sirenza Microdevices Inc)

Annual Base Salary. The Company shall pay to the Executive during the Term of this Agreement an annual as compensation for his services provided hereunder a base salary of One Hundred Twenty Thousand $280,000.00 per year ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with the Company’s regular 's normal payroll practicesprocedures. The Annual Company shall review the Executive's Base Salary annually, and in its sole discretion, may be increased increase the Executive's Base Salary from time year to time by year. The annual review of the BoardExecutive's salary shall take into consideration competitive market practices in addition to evaluations of the Executive's performance.

Appears in 1 contract

Samples: Employment Agreement (Agl Resources Inc)

Annual Base Salary. The For all of the service rendered by the Executive to the Company, the Company shall pay the Executive during the Term of this Agreement an annual base salary of One Hundred Twenty Thousand ($120,000) Dollars 250,000 (less all applicable deductions) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with the Company’s regular payroll practices. The Annual Base Salary may be increased practice of the Company in effect from time to time by for the Boardpayment of salaries to officers of the Company. The Executive’s performance shall be reviewed at least annually.

Appears in 1 contract

Samples: Employment and Non Competition Agreement (MergeWorthRx Corp.)

Annual Base Salary. The Company shall pay the Executive during the Term of this Agreement an annual a base salary at the rate of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) 600,000 per annum or such greater amount as the Board shall determine from time to time in its discretion (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011. The Executive’s Annual Such Base Salary shall be payable in equal installments in accordance with the Company’s regular standard payroll practices. The Annual Base Salary practices for senior executives, and may not be increased from time to time by the Boarddecreased without Executive’s prior written consent.

Appears in 1 contract

Samples: Employment Agreement (Horizon Lines, Inc.)

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Annual Base Salary. The Company shall pay to the Executive during the Term of this Agreement an annual a base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with the Company’s regular payroll practices. The Annual Base Salary may be increased 's usual pay practices (and in any event no less frequently than monthly) of (i) cash payments of One Hundred Thirty Thousand and No/100 Dollars ($130,000.00) per annum and (ii) such increases (but not decreases) from time to time (based upon the performance of the Company and the Executive) as determined by the BoardBoard or the Company's Executive Compensation Committee.

Appears in 1 contract

Samples: Employment Agreement (Konover Property Trust Inc)

Annual Base Salary. The During the Term, the Company shall pay to the Executive during the Term of this Agreement an annual base salary in installments, not less often than monthly, at an annual rate of One Hundred Twenty Thousand not less than $240,000 ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with reviewed by the Company’s regular payroll practices. The Board or the Compensation Committee of the Board (the “Committee”) at least annually for increase, and the Annual Base Salary may Salary, as and to the extent so adjusted, shall be increased from time to time by the Board“Annual Base Salary” for all purposes of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Alico, Inc.)

Annual Base Salary. The Company shall pay the Executive during During the Term of this Agreement Agreement, the Company will pay to the Executive an annual base salary of One Hundred Twenty Thousand (not less than $120,000) Dollars (less all applicable deductions) (the "Annual Base Salary")200,000, which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with the Company’s regular payroll practices. The Annual Base Salary annual base salary may be increased modified from time to time by the BoardBoard (or the Compensation Committee thereof) in its sole discretion, payable at the times and in the manner consistent with the Company's general policies regarding compensation of executive employees. The Board may from time to time authorize such additional compensation to the Executive, in cash or in property, as the Board may determine in its sole discretion to be appropriate.

Appears in 1 contract

Samples: Employment Agreement (Shamrock Logistics Lp)

Annual Base Salary. The With respect to the Full-Time Employment Period, the Company shall pay to the Executive during the Term of this Agreement an annual base salary not less than the rate of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary")600,000, which amount shall be effective as of April 1adjusted herewith, 2011. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with the Company’s 's regular payroll practices. The Annual Base Salary may annual base salary shall be increased from time reviewed periodically in accordance with guidelines applicable to time by the BoardCompany's senior executives generally, but such review will not be less frequent than an interval of 24 months with a guaranteed minimum salary increase of 10% in the 24-month interval.

Appears in 1 contract

Samples: Employment Agreement (True North Communications Inc)

Annual Base Salary. The During the Term, the Company shall pay to the Executive during the Term of this Agreement in installments an annual base salary salary, not less often than monthly, at an annual rate of One Hundred Twenty Thousand not less than $275,000 ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with reviewed by the Company’s regular payroll practices. The Board or the Compensation Committee of the Board (the “Committee”) at least annually for increase, and the Annual Base Salary may as so adjusted shall be increased from time to time by the Board“Annual Base Salary” for all purposes of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Alico, Inc.)

Annual Base Salary. The During the Employment Period, the Company shall pay the Executive during the Term of this Agreement as compensation for his services an annual base salary in an amount determined by the Compensation Committee of the Board. Such annual base salary shall be at the annual rate of not less than One Hundred Twenty Sixty Thousand Dollars ($120,000160,000) Dollars (less all applicable deductions) (from the "Annual Base Salary")Effective Date through December 31, which amount 2000. Executive's annual base salary rate shall be effective as reviewed at least annually for increase in the discretion of April 1, 2011the Compensation Committee; Executive's annual base salary rate shall not be subject to decrease at any time during the Employment Period. The Executive’s Annual Base Salary 's base salary shall be payable in equal installments in accordance with the Company’s regular payroll 's usual practices. The Annual Base Salary may be increased from time to time by the Board.

Appears in 1 contract

Samples: Employment Agreement (Gabriel Communications Inc /De/)

Annual Base Salary. The Company shall pay to the Executive during the Term of this Agreement an annual base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary") at a rate not less than Two Hundred Fifty Thousand Dollars ($250,000.00), which amount shall such salary to be effective as of April 1paid in conformity with the Company's payroll policies relating to its senior executive officers. During the Term, 2011. The the Executive’s Annual 's Base Salary shall be payable in equal installments in accordance with increased, if necessary, so that the Base Salary is not less than the highest paid employee(s) of the Company or any of the Company’s regular payroll practices. The Annual Base Salary may be increased from time to time by the Board's controlled entities."

Appears in 1 contract

Samples: Employment Agreement (Idt Corp)

Annual Base Salary. The Company shall pay the Executive during the Term of this Agreement an annual a base salary at the annual rate of One Hundred Twenty Thousand no less than FOUR HUNDRED THOUSAND Dollars and 00/100 ($120,000) Dollars (less all applicable deductions400,000) (the "Annual Base Salary")”) unless and until Executive and the Company agree to a different amount, in which event the new agreed amount shall be the Base Salary from the effective as date of April 1, 2011that agreed adjustment. The Executive’s Annual Base Salary shall will be payable in equal installments in accordance with reviewed annually to determine any appropriate upward adjustments at the Company’s regular payroll practices. The Annual Base Salary may be increased from time to time by discretion of the BoardBoard of Directors.

Appears in 1 contract

Samples: Employment Agreement (Global Aviation Holdings Inc.)

Annual Base Salary. The Company shall pay to the Executive during the Term of this Agreement ------------------ an annual base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary")) at a rate not less than $265,000, which amount shall such ----------- salary to be effective as paid in conformity with the payroll policies of April 1the Company, 2011relating to its senior officers. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with the Company’s regular payroll practices. The Annual Base Salary may be increased may, from time to time time, be increased by the BoardBoard of Directors of the Company, consistent in timing and consideration with other senior officers of the Company.

Appears in 1 contract

Samples: Employment Agreement (Pp&l Resources Inc)

Annual Base Salary. The For all of the services rendered by the Executive to the Company during the Employment Period, the Company shall pay the Executive during the Term of this Agreement an annual base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011”) equal to $300,000.00. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with the Company’s regular payroll practices. The Annual Base Salary may be increased practice of the Company in effect from time to time by for the Boardpayment of salaries to employees of the Company and shall be subject to applicable withholdings and deductions.

Appears in 1 contract

Samples: Employment Agreement (Hall of Fame Resort & Entertainment Co)

Annual Base Salary. The For all of the services rendered by the Executive to the Company during the Employment Period, the Company shall pay the Executive during the Term of this Agreement an annual base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011”) equal to $250,000.00. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with the Company’s regular payroll practices. The Annual Base Salary may be increased practice of the Company in effect from time to time by for the Boardpayment of salaries to employees of the Company and shall be subject to applicable withholdings and deductions.

Appears in 1 contract

Samples: Employment Agreement (Hall of Fame Resort & Entertainment Co)

Annual Base Salary. The In consideration of the Services to be rendered under this Agreement, the Company shall pay the Executive during the Term of this Agreement an annual base salary at the rate of One Two Hundred Twenty Twenty-Five Thousand Dollars ($120,000225,000.00) Dollars per year, less applicable withholdings (less all applicable deductions) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal installments paid in accordance with the Company’s regular normal payroll practices. The Annual Executive’s Base Salary may will be increased reviewed from time to time by in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be increased in the sole discretion of the Board.

Appears in 1 contract

Samples: Executive Employment Agreement (Orange 21 Inc.)

Annual Base Salary. The As compensation for all services to be rendered by Executive under this Agreement, the Company shall pay the to Executive during the Term of this Agreement an a base annual base salary of One Hundred Twenty Thousand $_______ ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), which amount salary shall be effective as of April 1paid in conformity with the Company’s pay practices generally applicable to Company executives. Beginning in 2015, 2011. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with subject to annual review by the Company’s regular payroll practices. The Annual Base Salary CEO and may be increased from time and decreased pursuant to time by the Boardsuch review.

Appears in 1 contract

Samples: Form of Executive Employment Agreement (AV Homes, Inc.)

Annual Base Salary. The Company shall pay to the Executive during the Term of this Agreement an annual base salary of One (the “Base Salary”) at a rate not less than Two Hundred Twenty Fifty Thousand Dollars ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"250,000.00), which amount shall such salary to be effective as of April 1paid in conformity with the Company’s payroll policies relating to its senior executive officers. During the Term, 2011. The the Executive’s Annual Base Salary shall be payable in equal installments in accordance with increased, if necessary, so that the Base Salary is not less than the highest paid employee(s) of the Company or any of the Company’s regular payroll practices. The Annual Base Salary may be increased from time to time by the Boardcontrolled entities.

Appears in 1 contract

Samples: Employment Agreement (Idt Corp)

Annual Base Salary. The For all services rendered by Executive under this Agreement, the Company shall pay the Executive during the Term term of this Agreement an annual a base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary")salary, which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal periodic installments in accordance with the Company’s regular payroll practices. The Annual Base Salary , as such may be increased amended from time to time time, at an annual rate of not less than $130,000. The amount of such base salary shall be reviewed at least once each fiscal year by the BoardCompensation Committee of the Company’s Board of Directors.

Appears in 1 contract

Samples: Employment Agreement (Sirenza Microdevices Inc)

Annual Base Salary. The During calendar year 2005 the Company shall pay to the Executive during the Term of this Agreement an annual base salary at the rate of One Hundred Twenty Thousand ($120,000) Dollars (225,000 per year, less all applicable deductions) deductions (the "Annual Base Salary"), which amount ”) for all services rendered by the Executive to the Company. At least annually the Compensation Committee of the Board (the “Committee”) shall be effective as of April 1, 2011review the Executive’s performance and compensation and may increase the Base Salary. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with the Company’s regular payroll practices. The Annual Base Salary may be increased practice of the Company in effect from time to time by for the Boardpayment of salaries to officers of the Company.

Appears in 1 contract

Samples: Employment Agreement (Columbia Equity Trust, Inc.)

Annual Base Salary. The Company shall will pay to the Executive during the Term of this Agreement an annual base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"”) in an amount established by the Compensation Committee of the Board of Directors of the Company (the “Compensation Committee”), which amount shall provided, however, that in no event will the Base Salary be effective as of April 1, 2011less than $325,000. The Executive’s Annual Company will pay the Base Salary shall be payable to the Executive in equal installments in accordance throughout the year, consistent with the Company’s regular normal payroll practices. The Annual Base Salary may will be increased from time to time by prorated for any year of the BoardTerm that is less than a full calendar year.

Appears in 1 contract

Samples: Employment Agreement (Energysouth Inc)

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