Common use of Annual Base Salary Clause in Contracts

Annual Base Salary. The Executive shall receive an annual base salary ("Annual Base Salary") of $500,000. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 2 contracts

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

AutoNDA by SimpleDocs

Annual Base Salary. The During the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") of at least $500,000750,000, which shall be subject to annual review and increase. Any No increase in Annual Base Salary shall not serve to limit or reduce any other right of or obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced at any time (including after any such increase increase) without the Executive’s written consent and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 2 contracts

Samples: Employment Agreement (Morgans Hotel Group Co.), Employment Agreement (Morgans Hotel Group Co.)

Annual Base Salary. The Effective immediately, and during the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") of at least $500,000750,000, the competitiveness of which shall be periodically reviewed and adjusted in accordance with Company policy. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 2 contracts

Samples: Employment Agreement (Michael Foods Group, Inc.), Employment Agreement (Michael Foods Inc/New)

Annual Base Salary. The Effective immediately, and during the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") of at least $500,000275,000, the competitiveness of which shall be periodically reviewed and adjusted in accordance with Company policy. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 2 contracts

Samples: Employment Agreement (Mg Waldbaum Co), Employment Agreement (Mg Waldbaum Co)

Annual Base Salary. The Effective immediately, and during the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") of at least $500,000400,000, the competitiveness of which shall be periodically reviewed and adjusted in accordance with Company policy. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 2 contracts

Samples: Employment Agreement (Michael Foods Inc/New), Employment Agreement (Michael Foods Inc/New)

Annual Base Salary. The During the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") of at least $500,000650,000, which shall be subject to annual review and increase. Any No increase in Annual Base Salary shall not serve to limit or reduce any other right of or obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced at any time (including after any such increase increase) without the Executive’s written consent and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 2 contracts

Samples: Employment Agreement (Morgans Hotel Group Co.), Employment Agreement (Morgans Hotel Group Co.)

Annual Base Salary. The Effective immediately, and during the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") of at least $500,000595,000, the competitiveness of which shall be periodically reviewed and adjusted in accordance with Company policy. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 2 contracts

Samples: Employment Agreement (Mg Waldbaum Co), Employment Agreement (Mg Waldbaum Co)

Annual Base Salary. The Executive shall receive an annual base salary ("Annual Base Salary") of $500,000950,000, effective March 1, 2005. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase , and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (Unumprovident Corp)

Annual Base Salary. The Effective January 1, 1999, a nd during the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") of at least $500,000375,000. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (Republic New York Corp)

Annual Base Salary. The Effective immediately, and during the Employment Period, the Executive shall receive an annual base salary (as in effect from time to time, the "Annual Base Salary") of at least $500,000. Any increase in 600,000, which Annual Base Salary shall not serve to limit or reduce any other obligation to be payable in regular installments in accordance with the Executive under this AgreementCompany's general payroll practices. The Annual Base Salary shall not will be reduced after any such increase subject to periodical review and may be increased in accordance with Company policy. Once increased, the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increasedcannot be decreased.

Appears in 1 contract

Samples: Employment Agreement (Birds Eye Foods Inc)

Annual Base Salary. The Effective immediately, and ------------------ during the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") of at least $500,000595,000, the competitiveness of which shall be periodically reviewed and adjusted in accordance with Company policy. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Option Cancellation Agreement (M Foods Investors LLC)

Annual Base Salary. The Effective immediately, and during the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") of at least $500,000, the competitiveness of which shall be periodically reviewed and adjusted in accordance with Company policy. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (Jumpking Inc)

Annual Base Salary. The Executive shall receive an annual base salary ("Annual Base Salary") of $500,000900,000, effective March 31, 2003. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase , and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (Unumprovident Corp)

Annual Base Salary. The During the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") of at least $500,000. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement1,000,000.00. Annual Base Salary shall not be reduced at any time (including after any such increase increase), and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (Southern Union Co)

Annual Base Salary. The Executive shall receive an annual base salary ("Annual Base Salary") of $500,000400,000. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (Unumprovident Corp)

Annual Base Salary. The Executive shall receive an annual base salary ("Annual Base Salary") of $500,000350,000. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (Unumprovident Corp)

Annual Base Salary. The During the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") at the rate of $500,000781,396.88 per annum payable in accordance with the Company's normal payroll practices in effect from time to time. Any increase in The then Annual Base Salary shall not serve to limit be increased by 5% (or reduce any other obligation to such greater amount as the Executive under this AgreementBoard may determine) on December 30, 1998 and on each anniversary thereof during the Employment Period. Once increased, Annual Base Salary shall not be reduced after any such increase and the term decreased. The Annual Base Salary Salary, as utilized in this Agreement increased, shall refer be deemed to be the new Annual Base Salary as so increasedSalary.

Appears in 1 contract

Samples: Employment Agreement (Mounger Corp)

Annual Base Salary. The Effective immediately, and ------------------ during the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") of at least $500,000275,000, the competitiveness of which shall be periodically reviewed and adjusted in accordance with Company policy. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Option Cancellation Agreement (M Foods Investors LLC)

Annual Base Salary. The Executive shall receive an annual base salary ("Annual Base Salary") of $500,000550,000. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (Unumprovident Corp)

Annual Base Salary. The During the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") of at least $500,000. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement950,000.00. Annual Base Salary shall not be reduced at any time (including after any such increase increase), and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (Southern Union Co)

Annual Base Salary. The During the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") of at least $500,000900,000. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (Unumprovident Corp)

Annual Base Salary. The Executive shall receive an annual base salary ("Annual Base Salary") of $500,000650,000. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (Unumprovident Corp)

Annual Base Salary. The Effective immediately, and during the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") of at least $500,000715,000, the competitiveness of which shall be periodically reviewed and adjusted in accordance with Company policy. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (Michael Foods Inc/New)

Annual Base Salary. The Effective January 1, 1999, and during the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") of at least $500,000450,000 which shall increase effective May 1, 2000 to $575,000. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after fter any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (Republic New York Corp)

Annual Base Salary. The Effective immediately, and during the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") of at least $500,000300,000, the competitiveness of which shall be periodically reviewed and adjusted in accordance with Company policy. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (Michael Foods Inc/New)

AutoNDA by SimpleDocs

Annual Base Salary. The During the Employment Period, the Executive shall receive an annual base salary ("the “Annual Base Salary") of no less than $500,000375,000, less applicable withholding and payroll deductions, payable in accordance with the Company’s regular payroll practices (beginning with the February 1, 2023 payroll cycle). Any increase in The Annual Base Salary shall will be reviewed at least annually by the Company’s Compensation Committee of the Board (the “Compensation Committee”) for increase but not serve to limit or reduce decrease, provided that there is no guarantee that any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized annual review will result in this Agreement shall refer to Annual Base Salary as so increasedan increase.

Appears in 1 contract

Samples: Employment Agreement (SelectQuote, Inc.)

Annual Base Salary. The Effective immediately, and during the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") of at least $500,000450,000, the competitiveness of which shall be periodically reviewed and adjusted in accordance with Company policy. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (Michael Foods Group, Inc.)

Annual Base Salary. The Effective immediately, and during the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") of at least $500,000165,000, the competitiveness of which shall be periodically reviewed and adjusted in accordance with Company policy. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (Michael Foods Inc/New)

Annual Base Salary. The Effective immediately, and during the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") of at least $500,000506,000, the competitiveness of which shall be periodically reviewed and adjusted in accordance with Company policy. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (Michael Foods Inc /Mn)

Annual Base Salary. The During the Initial Period, the Executive shall receive an annual base salary ("Annual Base Salary") of at least $500,000900,000. Thereafter, the Executive shall receive an amount determined by the Board, but no less than his final Annual Base Salary as Chief Executive Officer. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (Unumprovident Corp)

Annual Base Salary. The Effective immediately, and during the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") of at least $500,000260,000, the competitiveness of which shall be periodically reviewed and adjusted in accordance with Company policy. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (Michael Foods Inc /Mn)

Annual Base Salary. The During the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") at the rate of $500,0001,389,150 per annum payable in accordance with the Company's normal payroll practices in effect from time to time. Any increase in The then Annual Base Salary shall not serve to limit be increased by 5% (or reduce any other obligation to such greater amount as the Executive under this AgreementBoard may determine) on December 30, 1998 and on each anniversary thereof during the Employment Period. Once increased, Annual Base Salary shall not be reduced after any such increase and the term decreased. The Annual Base Salary Salary, as utilized in this Agreement increased, shall refer be deemed to be the new Annual Base Salary as so increasedSalary.

Appears in 1 contract

Samples: Employment Agreement (Mounger Corp)

Annual Base Salary. The Effective immediately, and during the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") of at least $500,000270,000, the competitiveness of which shall be periodically reviewed and adjusted in accordance with Company policy. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (Michael Foods Inc /Mn)

Annual Base Salary. The During the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") of at least $500,000900,000 or such higher annual base salary that is paid to the Company's Chief Executive Officer if the Executive is not serving in that position. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (Unumprovident Corp)

Annual Base Salary. The Effective immediately, and during the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") of at least $500,000189,000, the competitiveness of which shall be periodically reviewed and adjusted in accordance with Company policy. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (Michael Foods Inc/New)

Annual Base Salary. The Effective immediately, and during the Employment Period, the Executive shall receive an annual base salary ("as in effect from time to time, the “Annual Base Salary") of at least $500,000. Any increase in 600,000, which Annual Base Salary shall not serve to limit or reduce any other obligation to be payable in regular installments in accordance with the Executive under this AgreementCompany’s general payroll practices. The Annual Base Salary shall not will be reduced after any such increase subject to periodical review and may be increased in accordance with Company policy. Once increased, the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increasedcannot be decreased.

Appears in 1 contract

Samples: Employment Agreement (Birds Eye Foods, Inc.)

Annual Base Salary. The Executive shall receive an annual base salary ("Annual Base Salary") of $500,0001,122,000, effective March 1, 2013. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase , and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (Unum Group)

Annual Base Salary. The Effective January 1, 1999, and during the Employment Period, th Executive shall receive an annual base salary ("Annual Base Salary") of at least $500,000425,000 which will increase effective May 1, 2000 to $525,000. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (Republic New York Corp)

Annual Base Salary. The During the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") at a rate of $500,0001.2 million, payable in accordance with the Company's normal payroll policies. Any increase in The Executive's Annual Base Salary shall not serve be reviewed for increase at least annually by the Board pursuant to limit or reduce any other obligation to the Executive under this Agreementits normal performance review policies for senior executives. Annual Base Salary shall not be reduced after any such increase increase, and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary the Executive's annual base salary as so increasedthen in effect.

Appears in 1 contract

Samples: Employment Agreement (Phillips Van Heusen Corp /De/)

Annual Base Salary. The Executive shall receive an annual base salary ("Annual Base Salary") of $500,0001,100,000, effective March 1, 2008. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase , and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (Unum Group)

Annual Base Salary. The During the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary") of at least $500,000709,800, which shall be subject to annual review and increase, consistent with increases given to other senior executives of the Company. Any No increase in Annual Base Salary shall not serve to limit or reduce any other right of or obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced at any time (including after any such increase increase) without the Executive’s written consent and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Appears in 1 contract

Samples: Employment Agreement (Morgans Hotel Group Co.)

Time is Money Join Law Insider Premium to draft better contracts faster.