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 of Employment, the Employer shall pay the Employee a base salary at not less than an annual rate of Four Hundred and Twenty-Five Thousand ($425,000.00) Dollars, in accordance with the Employer’s normal payroll practices (as increased in accordance with this Section 3(a), the “Base Salary”). Such Base Salary shall be reviewed at least annually by the Board of Directors of Maidenform Brands, Inc. (the “Board”) and the Board may at any time increase (but not decrease) the Employee’s Base Salary hereunder as the Board may in its sole and absolute discretion deem reasonable and appropriate.
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. 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 Corporation shall pay to the Executive an annual base salary of One Hundred Thirty Five Thousand Dollars ($135,000) (the "Base Salary"), 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. Salary for a portion of any period will be prorated. The Corporation agrees to provide an annual written performance review of the Executive by the Executive's direct supervisor, and to subsequently review the then current Base Salary of the Executive. Said Base Salary may be increased by the supervisor, subject to the concurrence of the Board of the Corporation or the Compensation Committee, at the sole discretion of the Corporation.
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.