Common use of Base Annual Salary Clause in Contracts

Base Annual Salary. Executive shall receive a Base Annual Salary annually of Two Hundred Forty thousand U.S. dollars and no cents ($240,000 U.S.) payable in bi-weekly 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 Employer for employee benefits. The annual salary to be paid by Employer to Executive shall be reviewed at least annually and may from time to time be increased (but may not be materially decreased) as approved by Employer (any such increase or immaterial decrease shall then be referred to as “Base Annual Salary” for the purposes of this Agreement).

Appears in 2 contracts

Samples: Employment Agreement (Tesco Corp), Employment Agreement (Tesco Corp)

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Base Annual Salary. Executive shall receive a Base Annual Salary annually of Two Hundred Forty five hundred thousand U.S. dollars and no cents ($240,000 U.S.500,000.00) payable in bi-weekly 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 Employer for employee benefits. The annual salary to be paid by Employer to Executive shall be reviewed at least annually and may from time to time be increased (but may not be materially decreased) as approved by Employer (any such increase or immaterial decrease shall then be referred to as “Base Annual Salary” for the purposes of this Agreement).

Appears in 1 contract

Samples: Employment Agreement (Tesco Corp)

Base Annual Salary. Executive shall receive a Base Annual Salary annually of Two One Hundred Forty and Eighty-Five thousand U.S. dollars and no cents ($240,000 185,000 U.S.) payable in bi-weekly 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 Employer for employee benefits. The annual salary to be paid by Employer to Executive shall be reviewed at least annually and may from time to time be increased (but may not be materially decreased) as approved by Employer (any such increase or immaterial decrease shall then be referred to as “Base Annual Salary” for the purposes of this Agreement).

Appears in 1 contract

Samples: Employment Agreement (Tesco Corp)

Base Annual Salary. Executive shall receive a Base Annual Salary annually of Two Three Hundred Forty thousand Twenty-five Thousand U.S. dollars and no cents ($240,000 325,000 U.S.) payable in bi-weekly 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 Employer for employee benefits. The annual salary to be paid by Employer to Executive shall be reviewed at least annually and may from time to time be increased (but may not be materially decreased) as approved by Employer (any such increase or immaterial decrease shall then be referred to as “Base Annual Salary” for the purposes of this Agreement).

Appears in 1 contract

Samples: Employment Agreement (Tesco Corp)

Base Annual Salary. Executive shall receive a Base Annual Salary annually of Two Hundred Forty Thirty-One thousand U.S. dollars and no cents ($240,000 231,000 U.S.) payable in bi-weekly 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 Employer for employee benefits. The annual salary to be paid by Employer to Executive shall be reviewed at least annually and may from time to time be increased (but may not be materially decreased) as approved by Employer (any such increase or immaterial decrease shall then be referred to as "Base Annual Salary" for the purposes of this Agreement).

Appears in 1 contract

Samples: Employment Agreement (Tesco Corp)

Base Annual Salary. Executive shall receive a Base Annual Salary annually of Two Hundred Forty Thirty-Five thousand U.S. dollars and no cents ($240,000 235,000 U.S.) payable in bi-weekly 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 Employer for employee benefits. The annual salary to be paid by Employer to Executive shall be reviewed at least annually and may from time to time be increased (but may not be materially decreased) as approved by Employer (any such increase or immaterial decrease shall then be referred to as "Base Annual Salary" for the purposes of this Agreement).

Appears in 1 contract

Samples: Employment Agreement (Tesco Corp)

Base Annual Salary. Executive shall receive a Base Annual Salary annually of Two Hundred Forty Sixty-Five thousand U.S. dollars and no cents ($240,000 265,000 U.S.) payable in bi-weekly 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 Employer for employee benefits. The annual salary to be paid by Employer to Executive shall be reviewed at least annually and may from time to time be increased (but may not be materially decreased) as approved by Employer (any such increase or immaterial decrease shall then be referred to as "Base Annual Salary" for the purposes of this Agreement).

Appears in 1 contract

Samples: Employment Agreement (Tesco Corp)

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Base Annual Salary. Executive shall receive a Base Annual Salary annually of Two Hundred Forty three hundred twenty-five thousand U.S. dollars and no cents ($240,000 U.S.325,000.00) payable in bi-weekly 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 Employer for employee benefits. The annual salary to be paid by Employer to Executive shall be reviewed at least annually and may from time to time be increased (but may not be materially decreased) as approved by Employer (any such increase or immaterial decrease shall then be referred to as “Base Annual Salary” for the purposes of this Agreement).

Appears in 1 contract

Samples: Employment Agreement (Tesco Corp)

Base Annual Salary. Executive shall receive a Base Annual Salary annually of Two Four Hundred Forty thousand Fifty Thousand U.S. dollars and no cents ($240,000 450,000 U.S.) payable in bi-weekly 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 Employer for employee benefits. The annual salary to be paid by Employer to Executive shall be reviewed at least annually and may from time to time be increased (but may not be materially decreased) as approved by Employer (any such increase or immaterial decrease shall then be referred to as "Base Annual Salary" for the purposes of this Agreement).

Appears in 1 contract

Samples: Employment Agreement (Tesco Corp)

Base Annual Salary. Executive shall receive a Base Annual Salary annually of Two Hundred Forty Seventy Five thousand U.S. dollars and no cents ($240,000 275,000 U.S.) payable in bi-weekly 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 Employer for employee benefits. The annual salary to be paid by Employer to Executive shall be reviewed at least annually and may from time to time be increased (but may not be materially decreased) as approved by Employer (any such increase or immaterial decrease shall then be referred to as “Base Annual Salary” for the purposes of this Agreement).

Appears in 1 contract

Samples: Employment Agreement (Tesco Corp)

Base Annual Salary. Executive shall receive a Base Annual Salary annually of Two Hundred Forty thousand Fifty Thousand U.S. dollars and no cents ($240,000 250,000 U.S.) payable in bi-weekly 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 Employer for employee benefits. The annual salary to be paid by Employer to Executive shall be reviewed at least annually and may from time to time be increased (but may not be materially decreased) as approved by Employer (any such increase or immaterial decrease shall then be referred to as "Base Annual Salary" for the purposes of this Agreement).

Appears in 1 contract

Samples: Employment Agreement (Tesco Corp)

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