Common use of Annual Performance Review Clause in Contracts

Annual Performance Review. The Employee’s performance of his duties under this Agreement shall be reviewed by the Board of Directors or a committee of the Board of Directors at least annually and finalized within thirty (30) days of the receipt of the annual audited financial statements. The Board of Directors or a committee of the Board of Directors shall additionally review the base salary, bonus and benefits provided to the Employee under this Agreement and may, in their discretion, adjust the same, as outlined in Addendum B of this Agreement, provided, however, that Employee’s annual base salary shall not be less than the base salary set forth in Section 4(A) hereof.

Appears in 8 contracts

Samples: Employment Agreement (DCP Holding CO), Holding Company Employment Agreement (DCP Holding CO), Employment Agreement (DCP Holding CO)

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Annual Performance Review. The Employee’s performance of his duties under this Agreement shall be reviewed by the Board of Directors or a committee of the Board of Directors President and Chief Executive Officer at least annually and finalized within thirty (30) days of the receipt of the annual audited financial statements. The Board of Directors or a committee of the Board of Directors President and CEO shall additionally review the base salary, bonus and benefits provided to the Employee under this Agreement and may, in their his discretion, adjust recommend the adjustment of same, as outlined in Addendum B of this Agreement, with such adjustment subject to the approval the Board of Directors or a committee of the Board of Directors; provided, however, that Employee’s annual base salary shall not be less than the base salary set forth in Section 4(A) hereof.

Appears in 3 contracts

Samples: Holding Company Employment Agreement (DCP Holding CO), Holding Company Employment Agreement (DCP Holding CO), DCP Holding Company Employment Agreement (DCP Holding CO)

Annual Performance Review. The Employee’s performance of his duties under this Agreement shall be reviewed by the Board of Directors or a committee of the Board of Directors President and Chief Executive Officer at least annually and finalized within thirty (30) days of the receipt of the annual audited financial statements. The Board of Directors or a committee of the Board of Directors President and CEO shall additionally review the base salary, bonus and benefits provided to the Employee under this Agreement and may, in their his discretion, adjust recommend the adjustment of same, as outlined in Addendum B of this Agreement, with such adjustment subject to the approval of the Board of Directors or a committee of the Board of Directors; provided, however, that Employee’s annual base salary shall not be less than the base salary set forth in Section 4(A) hereof.

Appears in 1 contract

Samples: Holding Company Employment Agreement (DCP Holding CO)

Annual Performance Review. The Employee’s 's performance of his duties under this Agreement shall be reviewed by the Board of Directors or a committee of the Board of Directors at least annually annually, and finalized within thirty (30) days of the receipt of the annual audited financial statements. The Board of Directors or a committee of the Board of Directors shall additionally review the base salary, bonus and benefits provided to the Employee under this Agreement and may, in their discretion, adjust the same, as outlined in Addendum B of this Agreementagreement, provided, however, that Employee’s 's annual base salary shall not be less than the base salary set forth in Section 4(A) hereof.

Appears in 1 contract

Samples: Employment Agreement (DCP Holding CO)

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Annual Performance Review. The Employee’s 's performance of his duties under this Agreement shall be reviewed by the Board of Directors or a committee of the Board of Directors at least annually and finalized within thirty (30) days of the receipt of the annual audited financial statements. The Board of Directors or a committee of the Board of Directors shall additionally review the base salary, bonus and benefits provided to the Employee under this Agreement and may, in their discretion, adjust the same, as outlined in Addendum B of this Agreement, provided, however, that Employee’s 's annual base salary shall not be less than the base salary set forth in Section 4(A) hereof.

Appears in 1 contract

Samples: Employment Agreement (DCP Holding CO)

Annual Performance Review. The Employee’s performance of his duties under this Agreement shall be reviewed by the Board of Directors or a committee of the Board of Directors at least annually annually, and finalized within thirty (30) days of the receipt of the annual audited financial statements. The Board of Directors or a committee of the Board of Directors shall additionally review the base salary, bonus and benefits provided to the Employee under this Agreement and may, in their discretion, adjust the same, as outlined in Addendum B of this Agreementagreement, provided, however, that Employee’s annual base salary shall not be less than the base salary set forth in Section 4(A) hereof.

Appears in 1 contract

Samples: Employment Agreement (DCP Holding CO)

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