Base Compensation Sample Clauses

Base Compensation. The Killbuck Savings Bank Company agrees to pay the Employee during the Term of this Agreement (as hereinafter defined at Section 5) a salary at the rate of at least $100,000.00 per annum, payable in cash not less frequently than monthly; provided, that the rate of such salary shall be reviewed by the Board of Directors not less often than annually, and Employee shall be entitled to receive annually an adjustment at such percentage or in such an amount as the Board of Directors in its sole discretion may decide at such time.
Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 per annum, payable in cash not less frequently than monthly. Additionally, the Board shall review, not less often than annually, the rate of the Executive’s salary and may decide to further increase his salary.
Base Compensation. For services rendered by Employee under this Agreement, the Company shall pay to Employee Employee’s current base salary as of the Effective Date (“Base Compensation”), per annum, payable in accordance with the Company’s customary pay periods and subject to tax and other customary withholdings. Employee’s Base Compensation may be reviewed by the Board on an annual basis as of the close of each fiscal year of the Company and may be increased as the Board may deem appropriate. In the event the Board deems it appropriate to increase Employee’s Base Compensation, that increased amount shall thereafter be the Base Compensation for the purposes of this Agreement. Employee’s Base Compensation, as increased from time to time, may not thereafter be decreased unless agreed to by Employee in writing. Nothing contained herein shall prevent the Board from paying additional compensation to Employee in the form of bonuses or otherwise during the Term.
Base Compensation. The Company agrees to pay the Employee during the term of this Agreement a base salary at the rate of $274,000.00 per annum, payable in cash not less frequently than monthly. Such base salary shall be effective and calculated commencing as of January 1, 2022. The Company may consider and declare from time to time increases in the base salary it pays the Employee. Prior to a Change in Control (as hereinafter defined), the Company may also declare decreases in the base salary it pays the Employee if the operating results of the Company are significantly less favorable than those for the fiscal year ending December 31, 2021, and the Company makes similar decreases in the base salary it pays to other senior management employees of the Company. After a Change in Control, the Company shall consider and declare salary increases in base salary based upon the following standards:
Base Compensation. For services rendered by Employee under this Agreement, Company shall pay to Employee a base salary (“Base Compensation”) of $400,000.00 per annum payable in accordance with Company’s customary payroll practice for its senior executive officers. The amount of Base Compensation shall be reviewed periodically by the Compensation Committee of the Board of Directors (the “Committee”) and may be increased from time to time as the Committee may deem appropriate. Base Compensation, as in effect at any time, may not be decreased without the prior written consent of Employee.
Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary of one hundred and thirty-five thousand dollars ($135,000) payable in installments in accordance with the regular payroll schedule of the Employer (“Base Salary”). Such Base Salary shall be subject to review annually commencing in 2004 and shall be maintained or increased during the term of this Agreement in accordance with the Employer’s established management compensation policies and plans.
Base Compensation. The Company shall pay Executive an annual salary equal to his or her annual base salary in effect as of the Effective Date, such amount shall be prorated and paid in equal installments in accordance with the Company’s regular payroll practices and policies (Executive’s “Base Compensation”). Executive’s Base Compensation shall be reviewed not less often than annually and may be increased or reduced by the Board of Directors of the Company (the “Board”), in its sole discretion; provided, however, that Executive’s Base Compensation may not be reduced at any time unless such reduction is part of a reduction in pay uniformly applicable to all officers of the Company.
Base Compensation. For all services rendered by Employee under this Employee Agreement, the Company agrees to pay Employee the rate of $200,000 per year (the “base salary”), which shall be payable to Employee not less frequently than bi-monthly, or as is consistent with the Company’s practice for its other employees.