Annual Salary Sample Clauses
The Annual Salary clause defines the total amount of compensation an employee will receive over the course of a year for their work. Typically, this clause specifies the gross salary figure, outlines the payment schedule (such as monthly or bi-weekly), and may clarify whether the amount is fixed or subject to review. Its core practical function is to provide clear, upfront agreement on the employee’s yearly earnings, thereby preventing misunderstandings or disputes regarding pay.
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Annual Salary. Executive's compensation shall consist of an annual base salary (the "Annual Salary") of one hundred fifty thousand dollars ($150,000), before all customary payroll deductions. The Annual Salary shall be reviewed, and shall be subject to change, by the Board of Directors of Employer (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.
Annual Salary. During the term of this Agreement and for all services rendered by Employee under this Agreement, the Company will pay Employee a base salary of Two Hundred Thousand Dollars ($200,000.00) per annum in equal bi-monthly installments. Such annual salary will be subject to adjustments by any increases given in the normal course of business.
Annual Salary. An annual salary equal to the annual salary in effect as of the Change in Control. The annual salary shall be payable in installments in accordance with the Company's usual payroll method. The annual salary shall not be reduced during the Contract Period.
Annual Salary. The Company shall pay to the Executive an annual salary at a rate of not less than Three Hundred Fifty-Four Thousand Dollars ($354,000.00) per year (the “Annual Salary”), subject to increase at the sole discretion of the Board. The Annual Salary shall be payable in accordance with the payroll policies of the Company as from time to time in effect, but in no event less frequently than once each month, less such deductions as shall be required to be withheld by applicable law and regulations.
Annual Salary. As compensation for his services hereunder, Employee shall be paid a salary at the rate of One Hundred Twenty Thousand and 00/100 Dollars ($120,000.00) per year from the Commencement Date. Salary shall be paid in equal installments not less frequently than twice each month.
Annual Salary. The Annual Salary will be payable in accordance with the payroll policies of the Company in effect from time to time, but in no event less frequently than twice each month, less any deductions required to be withheld by applicable law and less any voluntary deductions made by Executive.
Annual Salary. During the Term of this Agreement, the Company shall pay to Employee an annual base salary in the amounts set forth below (the “Annual Salary”). The Annual Salary shall be:
(i) Two Hundred Forty Thousand Dollars ($240,000.00); and
(ii) shall thereafter be increased (but not decreased) from time to time as approve by the Board of Directors. The Annual Salary shall be paid to Employee in equal installments in accordance with the periodic payroll practices of the Company for executive employees.
Annual Salary. During the employment of Executive, the Company ------------- shall pay to Executive a base salary at the annual rate of $225,000 (the "Base Salary"). The Base Salary shall be payable in substantially equal semi-monthly installments.
Annual Salary. In consideration of and as compensation for the ------------- services agreed to be performed by Executive hereunder, the Company agrees to pay Executive an annual base salary of $120,000, payable in accordance with the Company's regular payroll schedule ("Base Salary"), less applicable withholdings and deductions. The Base Salary will be subject to change at the sole discretion of the Board of Directors of the Company (the "Board").
Annual Salary. Executive’s base salary shall be $300,000 per year (the “Annual Salary”), which shall be payable in accordance with the Company’s standard payroll schedule (but in no event less frequent than on a monthly basis), and may be increased from time to time at the discretion of the Compensation Committee of the Company’s Board of Directors (the “Compensation Committee”). The Compensation Committee shall review Executive’s Annual Salary at least annually and may increase the Annual Salary from time to time at its sole discretion. Any increased Annual Salary shall thereupon be the “Annual Salary” for the purposes hereof. Executive’s Annual Salary shall not be decreased without his prior written consent at any time during the Employment Period.