Common use of Base Compensation Clause in Contracts

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.

Appears in 7 contracts

Samples: Employment Agreement (Newtek Business Services, Inc.), Employment Agreement (Newtek Business Services Inc), Employment Agreement (Newtek Business Services Inc)

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Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 240,000 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.

Appears in 4 contracts

Samples: Employment Agreement (Newtek Business Services Inc), Employment Agreement (Newtek Business Services Inc), Newtek Business Services Inc

Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 $285,000 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.

Appears in 4 contracts

Samples: Agreement (Newtek Business Services Inc), Employment Agreement (Newtek Business Services Inc), Newtek Business Services Inc

Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 350,000 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.

Appears in 4 contracts

Samples: Employment Agreement (Newtek Business Services, Inc.), Employment Agreement (Newtek Business Services Inc), Employment Agreement (Newtek Business Services Inc)

Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 240,000 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 her salary.

Appears in 3 contracts

Samples: Employment Agreement (Newtek Business Services, Inc.), Employment Agreement (Newtek Business Services, Inc.), Newtek Business Services, Inc.

Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 $350,000 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.

Appears in 3 contracts

Samples: Employment Agreement (Newtek Business Services Inc), Newtek Business Services (Newtek Business Services Inc), Newtek Business Services (Newtek Business Services Inc)

Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 $300,000 per annum, payable in cash not less frequently than monthly. On each annual anniversary date of the Effective Date, the Executive's annual salary shall automatically be increased 10 percent. Additionally, the Board shall review, not less often than annually, the rate of the Executive’s 's salary and may decide to further increase his salary.

Appears in 3 contracts

Samples: Employment Agreement (Newtek Capital Inc), Newtek Capital Inc, Newtek Capital Inc

Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 $285,000 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 's salary and may decide to further increase his salary.

Appears in 3 contracts

Samples: Employment Agreement (Newtek Business Services Inc), Employment Agreement (Newtek Business Services Inc), Employment Agreement (Newtek Business Services Inc)

Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 400,000 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.

Appears in 2 contracts

Samples: Employment Agreement (Newtek Business Services, Inc.), Employment Agreement (Newtek Business Services, Inc.)

Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 $250,000 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.

Appears in 2 contracts

Samples: Newtek Business Services Inc, Escrow Agreement (Newtek Capital Inc)

Base Compensation. The Commencing on the Effective Date of this ----------------- Agreement, the Company agrees to shall pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 $95,000 per annum, payable in cash not less frequently than monthly. Additionally, The CEO in conjunction with the Compensation Committee of the Board shall review, not less often than annually, the rate of the Executive’s salary 's salary, and in its sole discretion may decide to further increase his salary.

Appears in 1 contract

Samples: Employment Agreement (Laser Technology Inc)

Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 $600,000 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.

Appears in 1 contract

Samples: Employment Agreement (Newtek Business Services Corp.)

Base Compensation. The Company agrees to pay the Executive during the term Term of this Agreement a salary at the rate of $ 276,000 $275,000.00 per annum, payable in cash not less frequently than monthlymonthly in accordance with the Company’s normal payroll practices. Additionally, the Board shall review, not less often than annually, the rate of the The Executive’s salary and may decide shall be subject to further increase his salaryannual review by the Compensation Committee of the Company.

Appears in 1 contract

Samples: Employment Agreement (Emerging Vision Inc)

Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 $200,000 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.

Appears in 1 contract

Samples: Escrow Agreement (Newtek Capital Inc)

Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 225,000 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.

Appears in 1 contract

Samples: Employment Agreement (Newtek Business Services Corp.)

Base Compensation. The Company agrees shall pay to pay the Executive during the term an annual base salary of this Agreement a salary at the rate of $ 276,000 per annum$435,000 Dollars, prorated for any partial employment period and payable in cash not less frequently than monthlyequal monthly installments in accordance with the Company’s payroll schedule. Additionally, The Compensation Committee of the Board shall review, not less often than annually, annually review the rate then-current level of the Executive’s base salary and may decide (for increase only) to further increase his determine the amount, if any, of change to such salary.

Appears in 1 contract

Samples: Executive Employment Agreement (Sangamo Therapeutics, Inc)

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Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 200,000 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.

Appears in 1 contract

Samples: Agreement (Newtek Business Services, Inc.)

Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 260,000 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 her salary.

Appears in 1 contract

Samples: Employment Agreement (Newtek Business Services Corp.)

Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 250,000 per annum, payable in cash not less frequently than monthly. Additionally, the Chief Executive Officer and the Board shall review, not less often than annually, the rate of the Executive’s salary and may decide to further increase his salary.

Appears in 1 contract

Samples: Newtek Business Services Corp.

Base Compensation. The Company agrees to pay the Executive during During the term of this Agreement Agreement, the Company shall pay Executive a base salary at the an annual rate of $ 276,000 per annum, payable in cash not less frequently than $400,000 in approximately equal installments payable semi-monthly. AdditionallyThe Company shall annually review Executive's base salary and he shall be eligible for an increase in such then existing base salary, contingent on his performance and the Company's then existing merit increase guidelines applicable to employees with responsibilities and skills similar to those of Executive. During the term hereof, the Board Company shall review, not less often than annually, have the rate ability to decrease the then existing base salary of the Executive’s salary and may decide to further increase Executive without his salaryconsent.

Appears in 1 contract

Samples: Employment Agreement (Alexander & Alexander Services Inc)

Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 200,000 per annum, payable in cash not less frequently than monthly. Additionally, the Chief Executive Officer and the Board shall review, not less often than annually, the rate of the Executive’s salary and may decide to further increase his salary.

Appears in 1 contract

Samples: Employment Agreement (Newtek Business Services Corp.)

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.

Appears in 1 contract

Samples: Employment Agreement (Newtek Business Services Inc)

Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 $240,000 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.

Appears in 1 contract

Samples: Newtek Business (Newtek Business Services Inc)

Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 144,000 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.

Appears in 1 contract

Samples: Employment Agreement (Newtek Business Services Corp.)

Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 $500,000 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.

Appears in 1 contract

Samples: Employment Agreement (Newtek Business Services Corp.)

Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 275,000 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 her salary.

Appears in 1 contract

Samples: Newtek Business Services Corp.

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