Common use of Base Compensation Clause in Contracts

Base Compensation. The Company shall pay the Executive as compensation for services a base salary at the annualized rate of $250,000. Such salary shall be reviewed at least annually and may be increased from time to time. At any time prior to a Company Event, such salary may be decreased, subject to the provisions of subsection 8(d)(ii) of this Agreement. Such salary shall be paid periodically in accordance with normal Company payroll. The annual compensation specified in this Section 4(a), as adjusted from time to time, is referred to in this Agreement as "Base Compensation".

Appears in 4 contracts

Samples: Management Continuity Agreement (Fremont General Corp), Management Continuity Agreement (Fremont General Corp), Management Continuity Agreement (Fremont General Corp)

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Base Compensation. The Company shall pay the Executive as compensation for his services a an annual base salary at the annualized rate of $250,00096,000. Such salary shall be reviewed at least annually and may be increased from time to time. At any time prior to a Company Event, such salary may be decreased, subject to the provisions of subsection 8(d)(ii) of this Agreement. Such salary applicable tax withholding and shall be paid periodically in accordance with normal Company payrollpayroll practices. The annual base salary shall be reviewed every six month and increased at a minimum rate of 5% each year. The annual compensation specified in this Section 4(a2(a), as adjusted from time to time, together with any increases in such compensation is referred to in this Agreement as "Base Compensation.".

Appears in 3 contracts

Samples: Employment Agreement (Gold Hill Resources, Inc.), Employment Agreement (Gold Hill Resources, Inc.), Employment Agreement (Gold Hill Resources, Inc.)

Base Compensation. The Company shall pay the Executive as compensation for services a base salary at the annualized rate of $250,000400,000. Such salary shall be reviewed at least annually and may be increased from time to time. At any time prior to a Company Event, such salary may be decreased, subject to the provisions of subsection 8(d)(ii) of this Agreement. Such salary shall be paid periodically in accordance with normal Company payroll. The annual compensation specified in this Section 4(a), as adjusted from time to time, is referred to in this Agreement as "Base Compensation".

Appears in 2 contracts

Samples: Management Continuity Agreement (Fremont General Corp), Management Continuity Agreement (Fremont General Corp)

Base Compensation. The Company shall pay the Executive as compensation for services a base salary at the annualized rate of $250,000375,000. Such salary shall be reviewed at least annually and may be increased from time to time. At any time prior to a Company Event, such salary may be decreased, subject to the provisions of subsection 8(d)(ii) of this Agreement. Such salary shall be paid periodically in accordance with normal Company payroll. The annual compensation specified in this Section 4(a), as adjusted from time to time, is referred to in this Agreement as "Base Compensation".

Appears in 2 contracts

Samples: Management Continuity Agreement (Fremont General Corp), Management Continuity Agreement (Fremont General Corp)

Base Compensation. The As compensation for the Services, the Company shall pay the Executive as compensation for services a an annual base salary at the annualized rate of $250,000. Such salary shall be reviewed at least annually and 175,000 per year or such higher amount as the Company's Compensation Committee (the "Committee") may be increased from time to time. At any time prior to a Company Eventdetermine (the "Base Salary"), such salary may be decreased, subject to the provisions of subsection 8(d)(ii) of this Agreement. Such salary shall be paid periodically payable in accordance with normal Company payrollthe Employer's payroll practices. The annual compensation specified in this Section 4(a)Base Salary shall be increased (but not decreased) for cost of living adjustments, and subject to discretionary increase, as adjusted from time determined by an annual review by the Committee on or prior to time, is referred to in this Agreement as "Base Compensation"each anniversary of the Effective Date.

Appears in 2 contracts

Samples: Employment Agreement (Netgateway Inc), Employment Agreement (Netgateway Inc)

Base Compensation. The Company shall pay the Executive as compensation for his services a an annual base salary at the annualized rate of $250,000500,000. Such salary shall be reviewed at least annually and may be increased from time to time. At any time prior to a Company Event, such salary may be decreased, subject to the provisions of subsection 8(d)(ii) of this Agreement. Such salary applicable tax withholding and shall be paid periodically in accordance with normal Company payrollpayroll practices. The annual compensation specified in this Section 4(a2(a), as adjusted together with any increases in such compensation that the Board may, in its sole discretion, approve from time to time, is referred to in this Agreement as "Base Compensation.".

Appears in 2 contracts

Samples: Employment Agreement (Webvan Group Inc), Restricted Stock Agreement (Orbitz Inc)

Base Compensation. The Company shall pay the Executive as compensation for his services a an annual base salary at the annualized rate of $250,000180,000. Such salary shall be reviewed at least annually and may be increased from time to time. At any time prior to a Company Event, such salary may be decreased, subject to the provisions of subsection 8(d)(ii) of this Agreement. Such salary applicable tax withholding and shall be paid periodically in accordance with normal Company payrollpayroll practices. The annual base salary shall be increased at a rate of 5% each year. The annual compensation specified in this Section 4(a2(a), as adjusted from time to time, together with any increases in such compensation is referred to in this Agreement as "Base Compensation.".

Appears in 2 contracts

Samples: Employment Agreement (Travelstar, Inc.), Employment Agreement (Joystar Inc)

Base Compensation. The Company shall pay the Executive as compensation for services a base salary as of the effective date at the annualized rate of $250,000425,000.00. Such salary shall be reviewed at least annually and may be increased from time to time. At any time prior to a Company Event, such salary may be decreased, subject to the provisions of subsection 8(d)(ii) of this Agreement. Such salary shall be paid periodically in accordance with normal Company payroll. The annual compensation specified in this Section 4(a3(a), as adjusted from time to time, is referred to in this Agreement as "Base Compensation".

Appears in 2 contracts

Samples: Employment Agreement (Fremont General Corp), Employment Agreement (Fremont General Corp)

Base Compensation. The Company shall pay the Executive as compensation for services a base salary at the annualized rate of not less than $250,000150,000. Such salary shall be reviewed at least annually and may be increased from time to time. At any time prior to a Company Event, such salary may be decreased, subject to the provisions of subsection 8(d)(ii) of this Agreement. Such salary shall be paid periodically in accordance with normal Company payroll. The annual compensation specified in this Section 4(a)Section, as adjusted from time to time, before any salary reduction under Section 401(k) of the Internal Revenue Code, deferred compensation plan or agreement or any other benefit or plan requiring reduction of salary, is referred to in this Agreement as "Base Compensation.".

Appears in 2 contracts

Samples: Employment Agreement (Cross Z International Inc), Employment Agreement (Cross Z International Inc)

Base Compensation. The Company shall pay the Executive as compensation for services a base salary at the annualized rate of $250,000300,000. Such salary shall be reviewed at least annually and may be increased from time to time. At any time prior to a Company Event, such salary may be decreased, subject to the provisions of subsection 8(d)(ii) of this Agreement. Such salary shall be paid periodically in accordance with normal Company payroll. The annual compensation specified in this Section 4(a), as adjusted from time to time, is referred to in this Agreement as "Base Compensation".

Appears in 2 contracts

Samples: Management Continuity Agreement (Fremont General Corp), Management Continuity Agreement (Fremont General Corp)

Base Compensation. The Company shall pay the Executive as compensation for services a base salary at the annualized rate of $250,000125,000. Such salary shall be reviewed at least annually and may be increased from time to time. At any time prior to a Company Event, such salary may be decreased, subject to the provisions of subsection 8(d)(ii) of this Agreement. Such salary shall be paid periodically in accordance with normal Company payrollpayroll practice. The annual compensation specified in this Section 4(a)Section, as adjusted from time to time, before any salary reduction under Section 401(k) of the Internal Revenue Code, deferred compensation plan or agreement or any other benefit or plan requiring reduction of salary, is referred to in this Agreement as "Base Compensation.".

Appears in 1 contract

Samples: Employment Agreement (Cross Z International Inc)

Base Compensation. The Company shall pay pays the Executive as compensation for his services a base salary at the annualized rate of $250,000. Such salary shall be reviewed at least annually and may be increased from time to time. At any time prior to a Company Event, such salary may be decreased, subject to the provisions of subsection 8(d)(ii) of this Agreement180,000. Such salary shall be paid periodically in accordance with normal Company payrollpayroll practices. The annual compensation specified in this Section 4(a)2, together with any increases in such compensation as adjusted the Board may direct from time to time, is referred to in this Agreement as "Base Compensation.".

Appears in 1 contract

Samples: Severance Agreement (Phoenix Technologies LTD)

Base Compensation. The Company shall pay the Executive as compensation for services a base salary at the annualized rate of $250,000190,000. Such salary shall be reviewed at least annually and may be increased from time to time. At any time prior to a Company Event, such salary may be decreased, subject to the provisions of subsection 8(d)(ii) of this Agreement. Such salary shall be paid periodically in accordance with normal Company payrollpayroll practice. The annual compensation specified in this Section 4(a)Section, as adjusted from time to time, before any salary reduction under Section 401(k) of the Internal Revenue Code, deferred compensation plan or agreement or any other benefit or plan requiring reduction of salary, is referred to in this Agreement as "Base Compensation".

Appears in 1 contract

Samples: Employment Agreement (Queryobject Systems Corp)

Base Compensation. The Company shall pay the Executive as compensation for services a base salary as of the effective date at the annualized rate of $250,000550,000. Such salary shall be reviewed at least annually and may be increased from time to time. At any time prior to a Company Event, such Such salary may be decreased, subject to the provisions of subsection 8(d)(ii7(e)(ii) of this Agreement. Such salary shall be paid periodically in accordance with normal Company payroll. The annual compensation specified in this Section 4(a3(a), as adjusted from time to time, is referred to in this Agreement as "Base Compensation".

Appears in 1 contract

Samples: Employment Agreement (Fremont General Corp)

Base Compensation. The Company shall pay the Executive as compensation for services a base salary at the annualized rate of not less than $250,000150,000. Such salary shall be reviewed at least annually and may be increased from time to time. At any time prior to a Company Event, such salary may be decreased, subject to the provisions of subsection 8(d)(ii) of this Agreementannually. Such salary shall be paid periodically in accordance with normal Company payroll. The annual compensation specified in this Section 4(a)Section, as adjusted from time to time, before any salary reduction under Section 401(k) of the Internal Revenue Code, deferred compensation plan or agreement or any other benefit or plan requiring reduction of salary, is referred to in this Agreement as "Base Compensation.".

Appears in 1 contract

Samples: Employment Agreement (Cross Z International Inc)

Base Compensation. The Company shall pay the Executive as compensation for services a base salary as of the effective date at the annualized rate of $250,000600,000. Such salary shall be reviewed at least annually and may be increased from time to time. At any time prior to a Company Event, such Such salary may be decreased, subject to the provisions of subsection 8(d)(ii7(e)(ii) of this Agreement. Such salary shall be paid periodically in accordance with normal Company payroll. The annual compensation specified in this Section 4(a3(a), as adjusted from time to time, is referred to in this Agreement as "Base Compensation".

Appears in 1 contract

Samples: Employment Agreement (Fremont General Corp)

Base Compensation. The Company shall pay the Executive as compensation for services a base salary at the annualized rate of $250,000350,000. Such salary shall be reviewed at least annually and may be increased from time to time. At any time prior to a Company Event, such salary may be decreased, subject to the provisions of subsection 8(d)(ii) of this Agreement. Such salary shall be paid periodically in accordance with normal Company payroll. The annual compensation specified in this Section 4(a), as adjusted from time to time, is referred to in this Agreement as "Base Compensation".

Appears in 1 contract

Samples: Management Continuity Agreement (Fremont General Corp)

Base Compensation. The During the Employment Period, the Company ----------------- shall pay the Executive as compensation for services a base salary at the annualized rate of $250,000621,872. Such salary shall be reviewed at least annually and may be increased from time to time. At any time prior to a Company Event, such salary may be decreased, subject to the provisions of subsection 8(d)(ii) of this Agreement. Such salary shall be paid periodically in accordance with normal Company payroll. The annual compensation specified in this Section 4(a3(a), as adjusted from time to time, is referred to in this Agreement as "Base Compensation.".

Appears in 1 contract

Samples: Employment Agreement (Lam Research Corp)

Base Compensation. The Company shall pay the Executive as compensation for services a base salary at the annualized rate of $250,000450,000. Such salary shall be reviewed at least annually and may be increased from time to time. At any time prior to a Company Event, such salary may be decreased, subject to the provisions of subsection 8(d)(ii) of this Agreement. Such salary shall be paid periodically in accordance with normal Company payroll. The annual compensation specified in this Section 4(a), as adjusted from time to time, is referred to in this Agreement as "Base Compensation".

Appears in 1 contract

Samples: Management Continuity Agreement (Fremont General Corp)

Base Compensation. The Company shall pay the Executive as compensation for his services a base salary at the annualized rate to be established by the Board of $250,000. Such salary shall be reviewed at least annually and may be increased from time to time. At any time prior to a Company Event, such salary may be decreased, subject to the provisions of subsection 8(d)(ii) of this AgreementDirectors. Such salary shall be paid periodically in accordance with normal Company payrollpayroll practices. The annual annualized compensation specified in this Section 4(a)1.2, as adjusted from time such compensation may be increased or (subject to timethe other provisions of this Agreement) decreased by the Board or the Compensation Committee of the Board, is referred to in this Agreement as "Base Compensation.".

Appears in 1 contract

Samples: Employment Agreement (Videoserver Inc)

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Base Compensation. The Company shall pay the Executive as compensation for services a base salary at the annualized rate of not less than $250,000150,000. Such salary shall be reviewed at least annually and may be increased from time to time. At any time prior to a Company Event, such salary may be decreased, subject to the provisions of subsection 8(d)(ii) of this Agreement. Such salary shall be paid periodically in accordance with normal Company payrollpayroll practice. The annual compensation specified in this Section 4(a)Section, as adjusted from time to time, before any salary reduction under Section 401(k) of the Internal Revenue Code, deferred compensation plan or agreement or any other benefit or plan requiring reduction of salary, is referred to in this Agreement as "Base Compensation.".

Appears in 1 contract

Samples: Employment Agreement (Cross Z International Inc)

Base Compensation. The Company shall pay the Executive as compensation for services a base salary as of the effective date at the annualized rate of $250,000325,000. Such salary shall be reviewed at least annually and may be increased from time to time. At any time prior to a Company Event, such Such salary may be decreased, subject to the provisions of subsection 8(d)(ii7(e)(ii) of this Agreement. Such salary shall be paid periodically in accordance with normal Company payroll. The annual compensation specified in this Section 4(a3(a), as adjusted from time to time, is referred to in this Agreement as "Base Compensation".

Appears in 1 contract

Samples: Employment Agreement (Fremont General Corp)

Base Compensation. The Company shall pay the Executive as compensation for services a base salary as of the effective date at the annualized rate of $250,000700,000. Such salary shall be reviewed at least annually and may be increased from time to time. At any time prior to a Company Event, such Such salary may be decreased, subject to the provisions of subsection 8(d)(ii7(e)(ii) of this Agreement. Such salary shall be paid periodically in accordance with normal Company payroll. The annual compensation specified in this Section 4(a3(a), as adjusted from time to time, is referred to in this Agreement as "Base Compensation".

Appears in 1 contract

Samples: Employment Agreement (Fremont General Corp)

Base Compensation. The Company shall pay the Executive as compensation for his services a an annual base salary at the annualized rate of $250,000120,000. Such salary shall be reviewed at least annually and may be increased from time to time. At any time prior to a Company Event, such salary may be decreased, subject to the provisions of subsection 8(d)(ii) of this Agreement. Such salary applicable tax withholding and shall be paid periodically in accordance with normal Company payrollpayroll practices. The annual base salary shall be reviewed every six month and increased at a minimum rate of 5% each year. The annual compensation specified in this Section 4(a2(a), as adjusted from time to time, together with any increases in such compensation is referred to in this Agreement as "Base Compensation.".

Appears in 1 contract

Samples: Employment Agreement (Gold Hill Resources, Inc.)

Base Compensation. The Company shall pay the Executive as compensation for services a base salary at the annualized rate of $250,000230,000. Such salary shall be reviewed at least annually and may be increased from time to time. At any time prior to a Company Event, such salary may be decreased, subject to the provisions of subsection 8(d)(ii) of this Agreement. Such salary shall be paid periodically in accordance with normal Company payroll. The annual compensation specified in this Section 4(a), as adjusted from time to time, is referred to in this Agreement as "Base Compensation".

Appears in 1 contract

Samples: Management Continuity Agreement (Fremont General Corp)

Base Compensation. The Company shall pay the Executive as compensation for services a base salary at the annualized rate of $250,000270,000. Such salary shall be reviewed at least annually and may be increased from time to time. At any time prior to a Company Event, such salary may be decreased, subject to the provisions of subsection 8(d)(ii) of this Agreement. Such salary shall be paid periodically in accordance with normal Company payroll. The annual compensation specified in this Section 4(a), as adjusted from time to time, is referred to in this Agreement as "Base Compensation".

Appears in 1 contract

Samples: Management Continuity Agreement (Fremont General Corp)

Base Compensation. The Company shall pay the Executive as compensation for services a base salary at the annualized rate of $250,000260,000. Such salary shall be reviewed at least annually and may be increased from time to time. At any time prior to a Company Event, such salary may be decreased, subject to the provisions of subsection 8(d)(ii) of this Agreement. Such salary shall be paid periodically in accordance with normal Company payroll. The annual compensation specified in this Section 4(a), as adjusted from time to time, is referred to in this Agreement as "Base Compensation".

Appears in 1 contract

Samples: Management Continuity Agreement (Fremont General Corp)

Base Compensation. The Company shall pay the Executive as compensation for services a base salary at the annualized rate of $250,000147,500. Such salary shall be reviewed at least annually and may be increased from time to time. At any time prior to a Company Event, such salary may be decreased, subject to the provisions of subsection 8(d)(ii) of this Agreement. Such salary shall be paid periodically in accordance with normal Company payroll. The annual compensation specified in this Section 4(a), as adjusted from time to time, is referred to in this Agreement as "Base Compensation".

Appears in 1 contract

Samples: Management Continuity Agreement (Fremont General Corp)

Base Compensation. The Company shall pay the Executive as compensation for services a base salary as of the effective date at the annualized rate of $250,000450,000. Such salary shall be reviewed at least annually and may be increased from time to time. At any time prior to a Company Event, such Such salary may be decreased, subject to the provisions of subsection 8(d)(ii7(e)(ii) of this Agreement. Such salary shall be paid periodically in accordance with normal Company payroll. The annual compensation specified in this Section 4(a3(a), as adjusted from time to time, is referred to in this Agreement as "Base Compensation".

Appears in 1 contract

Samples: Employment Agreement (Fremont General Corp)

Base Compensation. The Company shall pay the Executive as compensation for services a base salary at the annualized rate of $250,000365,000. Such salary shall be reviewed at least annually and may be increased from time to time. At any time prior to a Company Event, such salary may be decreased, subject to the provisions of subsection 8(d)(ii) of this Agreement. Such salary shall be paid periodically in accordance with normal Company payroll. The annual compensation specified in this Section 4(a), as adjusted from time to time, is referred to in this Agreement as "Base Compensation".

Appears in 1 contract

Samples: Management Continuity Agreement (Fremont General Corp)

Base Compensation. The Company shall pay the Executive as compensation for services a base salary at the annualized rate of $250,000350,000. Such salary shall be reviewed at least annually and may be increased from time to time. At any time prior to a Company Event, such salary may be decreased, subject to the provisions of subsection 8(d)(ii) of this Agreement. Such salary shall be paid periodically in accordance with normal Company payroll. The annual compensation specified in this Section 4(a), as adjusted from time to time, is referred to in this Agreement as "Base Compensation".

Appears in 1 contract

Samples: Management Continuity Agreement (Fremont General Corp)

Base Compensation. The Company shall pay the Executive as compensation for services a base salary at the annualized rate of $250,000200,000. Such salary shall be reviewed at least annually and may be increased from time to time. At any time prior to a Company Event, such salary may be decreased, subject to the provisions of subsection 8(d)(ii) of this Agreement. Such salary shall be paid periodically in accordance with normal Company payrollpayroll practice. The annual compensation specified in this Section 4(a)Section, as adjusted from time to time, before any salary reduction under Section 401(k) of the Internal Revenue Code, deferred compensation plan or agreement or any other benefit or plan requiring reduction of salary, is referred to in this Agreement as "Base Compensation".

Appears in 1 contract

Samples: Employment Agreement (Queryobject Systems Corp)

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