Common use of Base Annual Salary Clause in Contracts

Base Annual Salary. Executive shall receive a Base Annual Salary annually of Three Hundred Fifty Thousand Dollars ($350,000) payable every two weeks, subject to deduction of statutorily required amounts, including but not limited to, withholding for federal, state and local income taxes, and amounts payable by employees of the Company for employee benefits. The annual salary to be paid by the Company to Executive shall be reviewed at least annually and may from time to time be increased (but may not be decreased) as approved by the Company (any such increased amount shall then be referred to as “Base Annual Salary” for the purposes of this Agreement).

Appears in 2 contracts

Samples: Employment Agreement (Helix Energy Solutions Group Inc), Employment Agreement (Helix Energy Solutions Group Inc)

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Base Annual Salary. Executive shall receive a Base Annual Salary annually of Three Two Hundred Fifty Thousand Dollars ($350,000250,000) payable every two weeks, subject to deduction of statutorily required amounts, including but not limited to, withholding for federal, state and local income taxes, and amounts payable by employees of the Company for employee benefits. The annual salary to be paid by the Company to Executive shall be reviewed at least annually and may from time to time be increased (but may not be decreased) as approved by the Company (any such increased amount shall then be referred to as “Base Annual Salary” for the purposes of this Agreement).

Appears in 1 contract

Samples: Employment Agreement (Helix Energy Solutions Group Inc)

Base Annual Salary. Executive shall receive a Base Annual Salary annually of Three Seven Hundred Fifty Thousand Dollars ($350,000700,000) payable every two weeks, subject to deduction of statutorily required amounts, including but not limited to, withholding for federal, state and local income taxes, and amounts payable by employees of the Company for employee benefits. The annual salary to be paid by the Company to Executive shall be reviewed at least annually and may from time to time be increased (but may not be decreased) as approved by the Company (any such increased amount shall then be referred to as “Base Annual Salary” for the purposes of this Agreement).

Appears in 1 contract

Samples: Employment Agreement (Helix Energy Solutions Group Inc)

Base Annual Salary. Executive shall receive a Base Annual Salary annually of Three Hundred Fifty Twenty Five Thousand Dollars ($350,000325,000) payable every two weeks, subject to deduction of statutorily required amounts, including but not limited to, withholding for federal, state and local income taxes, and amounts payable by employees of the Company for employee benefits. The annual salary to be paid by the Company to Executive shall be reviewed at least annually and may from time to time be increased (but may not be decreased) as approved by the Company (any such increased amount shall then be referred to as “Base Annual Salary” for the purposes of this Agreement).

Appears in 1 contract

Samples: Employment Agreement (Helix Energy Solutions Group Inc)

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Base Annual Salary. Executive shall receive a Base Annual Salary annually of Three Hundred Fifty Thousand Dollars three hundred sixty-five thousand dollars ($350,000365,000.00) payable every two weeksin semi-monthly pay periods, subject to deduction of statutorily required amounts, including but not limited to, withholding for federal, state and local income taxes, and amounts payable by employees of the Company for employee benefits. The annual salary to be paid by the Company to Executive shall be reviewed at least annually and may from time to time be increased (but may not be decreased) as approved by the Company (any such increased amount shall then be referred to as “Base Annual Salary” for the purposes of this Agreement).

Appears in 1 contract

Samples: Employment Agreement (Helix Energy Solutions Group Inc)

Base Annual Salary. Executive shall receive a Base Annual Salary annually of Three Four Hundred Fifty Thousand Dollars ($350,000450,000) payable every two weeks, subject to deduction of statutorily required amounts, including but not limited to, withholding for federal, state and local income taxes, and amounts payable by employees of the Company for employee benefits. The annual salary to be paid by the Company to Executive shall be reviewed at least annually and may from time to time be increased (but may not be decreased) as approved by the Company (any such increased amount shall then be referred to as “Base Annual Salary” for the purposes of this Agreement).

Appears in 1 contract

Samples: Employment Agreement (Helix Energy Solutions Group Inc)

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