Base Annual Clause Samples
The 'Base Annual' clause defines the standard yearly amount or value that serves as a reference point for calculations within the agreement. Typically, this amount is used to determine payments, fees, or adjustments, such as annual rent, service charges, or escalation calculations. By establishing a clear baseline, the clause ensures consistency and transparency in financial obligations, preventing disputes over how recurring amounts are determined or adjusted throughout the contract term.
Base Annual. Rent - a base annual rental equal to the product of (x) the Base Rate multiplied by (y) the Net Rentable Area.
Base Annual. Salary: $225,000 annual base pay, paid according to the Company’s standard pay practices, subject to all applicable withholdings. The Company currently issues payroll checks semi-monthly, on the 15th and last day of each month. Date: April 22, 2016 Location: Your primary work location shall be the Company’s New York City offices, which are currently located at ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇. Your job will also require regular travel to other Company locations.
Base Annual. Salary: $300,000 annual base pay, paid according to the Company’s standard pay practices, subject to all applicable withholdings. The Company currently issues payroll checks semi-monthly, on the 15th and last day of each month. Date: April 15, 2024 Location: Your primary work location shall be the Company’s Los Angeles and New York City offices, which are currently located at ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ #▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇ and ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇. Your job will also require regular travel to other Company locations.