Base. This Agreement shall commence upon the Effective Date and shall continue in effect until terminated in accordance with Section III.B, provided that the total number of Taxable Years under this Agreement shall not exceed ten (10) years from the date the Project is Placed in Service.
Base. During the Term, Company shall pay Executive an annual base salary to be determined by the Board or the Compensation Committee thereof (“Base Salary”). The Base Salary shall initially be set at $268,000 per year. The Base Salary shall be payable in equal bi-weekly installments (less applicable withholding) and in accordance with customary payroll practices of Company for the payment of executives.
Base. Effective January 1, 2003, Employer shall pay Employee for all services to be performed by Employee during the term of this Agreement a base salary (the "Base Salary") at the minimum rate of $360,000 per year, payable in substantially equal semi-monthly payments in accordance with Employer's customary practice for other employees, as such practice may be determined from time to time. The Board of Directors may increase such Base Salary but not decrease such Base Salary unless, as a result of a reasonable business judgment by the Board of Directors of Employer, there is a prorata across-the-board salary reduction for all executive level management employees of Employer.
Base. The Employer shall pay to Employee a monthly cash payment in an amount that is equivalent to one-twelfth of the Base Salary of Employee that is then in effect (or if a new, higher Base Salary has been set by the Employer in a signed writing given to employee for an upcoming year, or if the Base Salary for any period during the prior 24 month period was greater, than by that higher Base Salary). The monthly cash payment above shall also include an amount that is equivalent to one-twelfth of any cash Bonus that was paid to Employee for the last full calendar year prior to the termination of employment. Payment shall commence in the first regular pay period following the date of termination. The monthly cash payments may be made monthly or otherwise (e.g., on a two week or semi-monthly cycle) under the then existing regular payroll payments dates of Employer.
Base. A “base” is a location where a flight attendant is based, which may consist of co-terminals.
Base. Until the Expiration Date, the Company shall pay to the Employee an annualized base salary of $175,000 (the "Base Compensation"), payable in equal installments, but no less often than semi-monthly. If this Agreement is terminated for any reason prior to the Expiration Date, the Company shall pay to the Employee his Base Compensation earned to the date of termination.
Base. The Corporation shall pay to the Employee an annual base salary of $110,000 (the "Base Compensation"), payable in equal installments (in accordance with the Corporation's standard practices, but no less often than semi-monthly) subject to all withholding for income, FICA and other similar taxes, to the extent required by applicable law. The Corporation agrees to provide an annual written proposal, subject to approval of the Board of Directors, to increase the Employee's salary on a yearly basis in proportion to the Employee's productivity, with the year 1997 established as the base year.
Base. Modified total direct costs, consisting of all salaries and wages, fringe benefits, materials, supplies, services, travel and subgrants and subcontracts up to the first $25,000 of each subgrant or subcontract (regardless of the period covered by the subgrant or subcontract). Modified total direct costs shall exclude equipment, capital expenditures, charges for patient care, participant support costs, student tuition remission, rental costs of off-site facilities, scholarships, and fellowships as well as the portion of each subgrant and subcontract in excess of $25,000. (1) Use same rates and conditions as those cited for fiscal year ending June 30, 2020.