Annual Salary Increase. On January 1 of each year, commencing January 1, 2000, the Base Salary shall be increased by five percent (5%) of the Base Salary for the immediately prior year or such greater increase as may be deemed appropriate by the Board, in its sole and absolute discretion.
Appears in 2 contracts
Samples: Employment Agreement (Sun Communities Inc), Employment Agreement (Sun Communities Inc)
Annual Salary Increase. On January 1 of each year, commencing January 1, 20002003, the Base Salary shall be increased by five percent (5%) of the Base Salary for the immediately prior year or such greater increase as may be deemed appropriate by the BoardBoard of Directors of the Company, in its sole and absolute discretion.
Appears in 2 contracts
Samples: Employment Agreement (Bingham Financial Services Corp), Employment Agreement (Bingham Financial Services Corp)
Annual Salary Increase. On January 1 of each year, commencing January 1, 20001999, the Base Salary shall be increased by five percent (5%) of the Base Salary for the immediately prior year or such greater increase as may be deemed appropriate by the BoardManagers of the Subsidiaries, in its their sole and absolute discretion.
Appears in 2 contracts
Samples: Employment Agreement (Bingham Financial Services Corp), Employment Agreement (Bingham Financial Services Corp)
Annual Salary Increase. On January September 1 of each year, commencing January September 1, 20001996, the Base Salary shall be increased by five percent (5%) of the Base Salary for the immediately prior year or such greater increase as may be deemed appropriate by the BoardBoard of Directors of the Company, in its sole and absolute discretion.
Appears in 1 contract
