Common use of Base Annual Salary Clause in Contracts

Base Annual Salary. Commencing with the Effective Date and through December 31, 2006, the Employer shall pay Executive a base annual salary (“Base Annual Salary”) of $955,206.00, payable in equal weekly installments of $18,369.35 each. Commencing January 1, 2007, and on each January 1 thereafter during the term of this Agreement, the then current Base Annual Salary shall be increased in an amount mutually agreed to by Executive and the Employer, which amount shall in no event be less than 5% of the then current Base Annual Salary.

Appears in 1 contract

Samples: Employment Agreement (Mohegan Tribal Gaming Authority)

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Base Annual Salary. Commencing with the Effective Date and through December 31, 20062012, the Employer shall pay Executive a base annual salary (“Base Annual Salary”) in the amount of $955,206.001,361,904.44, payable in equal weekly installments of $18,369.35 26,190.47 each. Commencing on July 1, 2012, Employer shall pay Executive a Base Annual Salary of $1,402,761.57, payable in equal weekly installments of $26,976.18 each. Commencing January 1, 20072013, and on each January 1 thereafter during the term of this Agreement, the then current Base Annual Salary shall be increased in an amount mutually agreed to by Executive and the Employer, which amount shall in no event be less than 5% of the then current Base Annual Salary.

Appears in 1 contract

Samples: Employment Agreement (Mohegan Tribal Gaming Authority)

Base Annual Salary. Commencing with the Effective Date and through until December 31, 2006, the Employer shall pay Executive a base annual salary (“Base Annual Salary”) Salary in the amount of $955,206.00, payable 547,000.00 in equal weekly installments of $18,369.35 eachinstallments. Commencing January 1, 2007, and on each January 1 thereafter during the term of this Agreement, the then current Base Annual Salary shall be increased in an amount mutually agreed to by Executive and the Employer, which amount shall in no event be less than 5% of the then current Base Annual Salary.

Appears in 1 contract

Samples: Employment Agreement (Mohegan Tribal Gaming Authority)

Base Annual Salary. Commencing with the Effective Date and through December 31, 20062009, the Employer shall pay Executive a base annual salary (“Base Annual Salary”) of $955,206.001,285,565.49, payable in equal weekly installments of $18,369.35 24,722.41 each. Commencing January 1, 20072010, and on each January 1 thereafter during the term of this Agreement, the then current Base Annual Salary shall be increased in an amount mutually agreed to by Executive and the Employer, which amount shall in no event be less than 5% of the then current Base Annual Salary.

Appears in 1 contract

Samples: Employment Agreement (Mohegan Tribal Gaming Authority)

Base Annual Salary. (A) Commencing with the Effective Date and through until December 31, 20062012, the Employer shall pay Executive a base annual salary (“Base Annual Salary”) Salary in the amount of $955,206.00675,000.00, payable in equal weekly installments of $18,369.35 each12,980.76. Commencing January 1, 20072013, and on each January 1 thereafter during the term of this Agreement, the then current Base Annual Salary shall be increased if, and in an amount amount, mutually agreed to by Executive and the Employer, which amount shall in no event be less than 5% of the then current Base Annual Salary.

Appears in 1 contract

Samples: Employment Agreement (Mohegan Tribal Gaming Authority)

Base Annual Salary. Commencing with the Effective Date and through December 31, 20062004, the Employer shall continue to pay Executive a base annual salary (“his current Base Annual Salary”) of $955,206.00, payable Salary in equal weekly installments of $18,369.35 eachinstallments. Commencing January 1, 20072005, and on each January 1 thereafter during the term of this Agreement, the then current Base Annual Salary shall be increased in an amount mutually agreed to by Executive and the Employer, which amount shall in no event be less than 5% of the then current Base Annual Salary.

Appears in 1 contract

Samples: Employment Agreement (Mohegan Tribal Gaming Authority)

Base Annual Salary. Commencing with the Effective Date and through until December 31, 20062009, the Employer shall pay Executive a base annual salary (“Base Annual Salary”) Salary in the amount of $955,206.00721,856.12, payable in equal weekly installments of $18,369.35 each13,881.85. Commencing January 1, 20072010, and on each January 1 thereafter during the term of this Agreement, the then current Base Annual Salary shall be increased in an amount mutually agreed to by Executive and the Employer, which amount shall in no event be less than 5% of the then current Base Annual Salary.

Appears in 1 contract

Samples: Employment Agreement (Mohegan Tribal Gaming Authority)

Base Annual Salary. Commencing with the Effective Date and through December until March 31, 20062018, the Employer shall pay Executive a base annual salary (“Base Annual Salary”) Salary in the amount of $955,206.001,000,000.00, payable in equal weekly installments of $18,369.35 each19,230.77. Commencing January October 1, 20072015, and on each January October 1 thereafter during the term of this Agreement, the then current Base Annual Salary shall be increased if, and in an amount amount, mutually agreed to by Executive and the Employer, which amount . Executive shall be permitted to participate in no event and shall be less than 5% of the then current Base Annual Salaryeligible for all compensation plans and benefits as available to senior executive employees at or below his level.

Appears in 1 contract

Samples: Employment Agreement (Mohegan Tribal Gaming Authority)

Base Annual Salary. Commencing with the Effective Date and through December until March 31, 20062018, the Employer shall pay Executive a base annual salary (“Base Annual Salary”) Salary in the amount of $955,206.00800,000.00, payable in equal weekly installments of $18,369.35 each15,384.62. Commencing January October 1, 20072015, and on each January October 1 thereafter during the term of this Agreement, the then current Base Annual Salary shall be increased if, and in an amount amount, mutually agreed to by Executive and the Employer, which amount . Executive shall be permitted to participate in no event and shall be less than 5% of the then current Base Annual Salaryeligible for all compensation plans and benefits as available to senior executive employees at or below his level.

Appears in 1 contract

Samples: Employment Agreement (Mohegan Tribal Gaming Authority)

Base Annual Salary. Commencing with the Effective Date and through until December 3121, 20061999, the Employer shall continue to pay Executive a base his current Base annual salary (“Salary in equal weekly installments. Commencing January 1, 2000, the Base Annual Salary”) of Salary shall be increased to $955,206.00, 485,000.00 payable in equal weekly installments of $18,369.35 each9,326.92. Commencing on January 1, 2007, 2001 and on each January 1 thereafter during the term of this Agreement, the then current Base Annual Salary shall be increased in an amount mutually agreed to by Executive and the Employer, which amount shall in no event be less than that 5% of the then current Base Annual Salary.

Appears in 1 contract

Samples: Employment Agreement (Mohegan Tribal Gaming Authority)

Base Annual Salary. Commencing with the Effective Date and through December until March 31, 20062017, the Employer shall pay Executive a base annual salary (“Base Annual Salary”) Salary in the amount of $955,206.00700,000, payable in equal weekly installments of $18,369.35 each13,461.54. Commencing January October 1, 20072015, and on each January October 1 thereafter during the term of this Agreement, the then current Base Annual Salary shall be increased if, and in an amount amount, mutually agreed to by Executive and the Employer, which amount . Executive shall be permitted to participate in no event and shall be less than 5% of the then current Base Annual Salaryeligible for all compensation plans and benefits as available to senior executive employees at or below his level.

Appears in 1 contract

Samples: Employment Agreement (Mohegan Tribal Gaming Authority)

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Base Annual Salary. Commencing with the Effective Date and through until December 3121, 20061999, the Employer shall continue to pay Executive a base his current Base annual salary (“Salary in equal weekly installments. Commencing January 1, 2000, the Base Annual Salary”) of Salary shall be increased to $955,206.00, 800,000.00 payable in equal weekly installments of $18,369.35 each15,384.62. Commencing on January 1, 2007, 2001 and on each January 1 thereafter during the term of this Agreement, the then current Base Annual Salary shall be increased in an amount mutually agreed to by Executive and the Employer, which amount shall in no event be less than that 5% of the then current Base Annual Salary.

Appears in 1 contract

Samples: Employment Agreement (Mohegan Tribal Gaming Authority)

Base Annual Salary. Commencing with the Effective Date and through December 31, 20062009, the Employer shall pay Executive a base annual salary (“Base Annual Salary”) in the amount of $955,206.001,358,291.38, payable in equal weekly installments of $18,369.35 26,120.99 each. Commencing January 1, 20072010, and on each January 1 thereafter during the term of this Agreement, the then current Base Annual Salary shall be increased in an amount mutually agreed to by Executive and the Employer, which amount shall in no event be less than 5% of the then current Base Annual Salary.

Appears in 1 contract

Samples: Employment Agreement (Mohegan Tribal Gaming Authority)

Base Annual Salary. Commencing with the Effective Date and through December 31, 2006, the Employer shall pay Executive a base annual salary (“Base Annual Salary”) in the amount of $955,206.001,010,326.00, payable in equal weekly installments of $18,369.35 19,429.35 each. Commencing January 1, 2007, and on each January 1 thereafter during the term of this Agreement, the then current Base Annual Salary shall be increased in an amount mutually agreed to by Executive and the Employer, which amount shall in no event be less than 5% of the then current Base Annual Salary.

Appears in 1 contract

Samples: Employment Agreement (Mohegan Tribal Gaming Authority)

Base Annual Salary. Commencing with the Effective Date and through until December 31, 20062004, the Employer shall continue to pay Executive a base annual salary (“his current Base Annual Salary”) of $955,206.00, payable Salary in equal weekly installments of $18,369.35 eachinstallments. Commencing January 1, 20072005, and on each January 1 thereafter during the term of this Agreement, the then current Base Annual Salary shall be increased in an amount mutually agreed to by Executive and the Employer, which amount shall in no event be less than 5% of the then current Base Annual Salary.

Appears in 1 contract

Samples: Employment Agreement (Mohegan Tribal Gaming Authority)

Base Annual Salary. Commencing with the Effective Date and through December 31, 20062004, the Employer shall continue to pay Executive a base annual salary (“his current Base Annual Salary”) of $955,206.00, payable in equal weekly installments of $18,369.35 each. Commencing on January 1, 2007, 2005 and on each January 1 thereafter during the term of this Agreement, the then current Base Annual Salary shall be increased in an amount mutually agreed to by Executive and the Employer, which amount shall in no event be less than 5% of the then current Base Annual Salary.

Appears in 1 contract

Samples: Employment Agreement (Mohegan Tribal Gaming Authority)

Base Annual Salary. Commencing with the Effective Date and through December until January 31, 20062010, the Employer shall pay Executive a base annual salary (“Base Annual Salary”) Salary in the amount of $955,206.00, payable 385,679.26 in equal weekly installments of $18,369.35 eachinstallments. Commencing January 1, 20072010, and on each January 1 thereafter during the term of this Agreement, the then current Base Annual Salary shall be increased in an amount mutually agreed to by Executive and the Employer, which amount shall in no event be less than 13% of the then current Base Annual Salary for the year commencing January 1, 2010 and 5% of the then current Base Annual SalarySalary each year thereafter.

Appears in 1 contract

Samples: Employment Agreement (Mohegan Tribal Gaming Authority)

Base Annual Salary. Commencing with the Effective Date and through until December 3121, 20061999, the Employer shall continue to pay Executive a base his current Base annual salary (“Salary in equal weekly installments. Commencing January 1, 2000, the Base Annual Salary”) of Salary shall be increased to $955,206.00, 435,000.00 payable in equal weekly installments of $18,369.35 each8,365.38. Commencing on January 1, 2007, 2001 and on each January 1 thereafter during the term of this Agreement, the then current Base Annual Salary shall be increased in an amount mutually agreed to by Executive and the Employer, which amount shall in no event be less than that 5% of the then current Base Annual Salary.

Appears in 1 contract

Samples: Employment Agreement (Mohegan Tribal Gaming Authority)

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