Common use of Base Compensation Clause in Contracts

Base Compensation. During the Term, Executive’s annual salary (the “Base Compensation”) during each Contract Year shall be no less than the annualized equivalent of $225,000 and shall be payable at the same times and under the same conditions as salaries are paid to the Company’s other employees.

Appears in 2 contracts

Sources: Executive Employment Agreement (Delek US Holdings, Inc.), Executive Employment Agreement (Delek US Holdings, Inc.)

Base Compensation. During The Company shall pay to the Term, Executive’s Executive an annual salary of $200,000 (the "Base Compensation”) during each Contract Year shall be no less than the annualized equivalent of $225,000 and "). The Base Compensation shall be payable at the same times and under the same conditions as salaries are paid in equal installments pursuant to the Company’s other employees's customary payroll procedures in effect for its executive personnel at the time of payment, but in no event less frequently than monthly, subject to withholding for applicable federal, state, and local income and employment related taxes.

Appears in 2 contracts

Sources: Employment Agreement (Q Comm International Inc), Employment Agreement (Q Comm International Inc)

Base Compensation. During The Company shall pay to the Term, Executive’s Executive an annual salary of $155,000 (the “Base Compensation”) during each Contract Year shall be no less than the annualized equivalent of $225,000 and ). The Base Compensation shall be payable at the same times and under the same conditions as salaries are paid in equal installments pursuant to the Company’s other employees's customary payroll procedures in effect for its executive personnel at the time of payment, but in no event less frequently than monthly, subject to withholding for applicable federal, state, and local income and employment related taxes.

Appears in 2 contracts

Sources: Employment Agreement (Q Comm International Inc), Employment Agreement (Q Comm International Inc)

Base Compensation. During The Company shall pay to the Term, Executive’s annual Executive a base salary (the “"Base Compensation") during each Contract Year of $235,000 per annum, payable in accordance with the Company's customary payroll practices for its officers. The amount of Base Compensation shall be no less than reviewed by the annualized equivalent of $225,000 and shall Board annually; provided, however, that Base Compensation may not be payable at the same times and under the same conditions as salaries are paid to the Company’s other employeesdecreased.

Appears in 2 contracts

Sources: Employment Agreement (U S Interactive Inc/Pa), Employment Agreement (U S Interactive Inc/Pa)

Base Compensation. During the Termtime that Executive is an employee of the Company, Executive’s annual the Company shall pay to Executive a base salary (the “Base CompensationSalary”) during each Contract Year shall be no less than the annualized equivalent of $225,000 and shall be XXX,XXX per annum, payable at the same times and under the same conditions as salaries are paid to in regular installments in accordance with the Company’s other employeesusual payment practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during the term of this Agreement and adjusted accordingly at the discretion of the Compensation Committee.

Appears in 2 contracts

Sources: Executive Employment Agreement (Avid Technology Inc), Executive Employment Agreement (Avid Technology Inc)

Base Compensation. During The Executive shall be paid by the Term, Executive’s Employer and/or its Affiliates base salary at an annual salary rate of $225,000 commencing on the Effective Date (the “Base Compensation”) during each Contract Year shall be no less than the annualized equivalent of $225,000 and shall ), which will be payable at the same times and under the same conditions as salaries are paid according to the Company’s other employeesEmployer's customary payroll practices.

Appears in 2 contracts

Sources: Employment Agreement (VOXX International Corp), Employment Agreement (VOXX International Corp)

Base Compensation. During In consideration of the services to be rendered by Executive during the Term, Employers shall pay to Executive’s , in the aggregate, an annual base salary of $125,000 (the “Base Compensation”) during each Contract Year shall be no less than the annualized equivalent of $225,000 ), payable bi-weekly and shall be payable at the same times and under the same conditions as salaries are paid to the Company’s other employeesprorated for any partial employment period.

Appears in 1 contract

Sources: Employment Agreement (Vycom Corp.)

Base Compensation. During the Term, Executive’s The Company will pay Executive a base annual salary of $185,000 (the “"Base Compensation”) during each Contract Year "). The Company will pay the Base Compensation in accordance with normal Company payroll practices. The Base Compensation shall be no less than reviewed annually and may be increased from time to time, in which case the annualized equivalent of $225,000 and shall be payable "Base Compensation" will refer to the base salary earned by Executive at the same times and under the same conditions as salaries are paid to the Company’s other employeestime in question.

Appears in 1 contract

Sources: Severance Agreement (Insilicon Corp)

Base Compensation. During the Term, Executive’s annual Executive shall be provided with annualized base salary of $800,000 (the “Base Compensation”) during each Contract Year shall be no less than ), payable in accordance with the annualized equivalent regular payroll practices of $225,000 and shall be payable at the same times and under the same conditions as salaries are paid to the Company’s other employees, with adjustments, if any, as may approved in writing by the Board.

Appears in 1 contract

Sources: Employment Agreement (Charah Solutions, Inc.)

Base Compensation. During The Company shall pay to the Term, Executive’s Executive an annual salary of $250,000 (the “Base Compensation”) during each Contract Year shall be no less than the annualized equivalent of $225,000 and ). The Base Compensation shall be payable at the same times and under the same conditions as salaries are paid in equal installments pursuant to the Company’s other employees's customary payroll procedures in effect for its executive personnel at the time of payment, but in no event less frequently than monthly, subject to withholding for applicable federal, state, and local income and employment related taxes.

Appears in 1 contract

Sources: Employment Agreement (Q Comm International Inc)

Base Compensation. During The Company shall pay to the Term, Executive’s Executive a base salary at an annual salary (the “Base Compensation”) during each Contract Year shall be no less than the annualized equivalent rate of US $210,000.00 payable in 24 equal semi-monthly installments of $225,000 and shall be payable at the same times and under the same conditions as salaries are paid to the Company’s other employees8,750.00 per calendar month.

Appears in 1 contract

Sources: Employment Agreement (BioTrove, Inc.)

Base Compensation. During The Executive shall be paid by the Term, Executive’s Employer and/or its Affiliates base salary at an annual salary rate of $400,000 commencing on the Effective Date (the “Base Compensation”) during each Contract Year shall be no less than the annualized equivalent of $225,000 and shall ), which will be payable at the same times and under the same conditions as salaries are paid according to the Company’s other employeesEmployer's customary payroll practices.

Appears in 1 contract

Sources: Employment Agreement (VOXX International Corp)

Base Compensation. During the Term, Executive’s annual The Executive will be paid a base salary equivalent to USD $375,000.00 per annum (the “Base Compensation”) during each Contract Year ). Such salary shall be no less than the annualized equivalent of $225,000 and shall be payable at the same times and under the same conditions as salaries are paid to the Executive in equal installments not less frequently than monthly, in accordance with the Company’s other employeespayroll practices in effect from time to time. Any compensation which may be paid to the Executive under any additional compensation or incentive plans of the Company or which may otherwise be authorized from time to time by the Board of Directors shall be in addition to the Base Compensation to which the Executive is entitled to under this Agreement.

Appears in 1 contract

Sources: Employment Agreement (Establishment Labs Holdings Inc.)

Base Compensation. During The Company shall pay to the Term, Executive’s Executive an annual salary (the “Base Compensation”) during each Contract Year shall be no less than the annualized equivalent of $225,000 and (the "Base Compensation"). The Base Compensation shall be payable at the same times and under the same conditions as salaries are paid in equal installments pursuant to the Company’s other employees's customary payroll procedures in effect for its executive personnel at the time of payment, but in no event less frequently than monthly, subject to withholding for applicable federal, state, and local income and employment related taxes.

Appears in 1 contract

Sources: Employment Agreement (Q Comm International Inc)

Base Compensation. During As of the Term, Effective Date of this Agreement Executive’s 's annual base salary will be $ 173,250.00 (the “"Base Compensation”) during each Contract Year "). The Company will pay the Base Compensation in accordance with normal Company payroll practices. The Base Compensation shall be no less than reviewed annually and may be increased from time to time, in which case the annualized equivalent of $225,000 and shall be payable "Base Compensation" will refer to the base salary earned by Executive at the same times and under the same conditions as salaries are paid to the Company’s other employeestime in question.

Appears in 1 contract

Sources: Severance Agreement (Insilicon Corp)

Base Compensation. During Effective on the TermEffective Date and during the Employment Period, Executive’s annual salary (the “Base Compensation”) during each Contract Year Executive shall be no less than the annualized equivalent of paid base compensation (salary) at an annual rate equal to $225,000 and shall be 427,450.14 per year, payable at the same times and under the same conditions as salaries are paid to in accordance with the Company’s other employeesnormal payroll schedule.

Appears in 1 contract

Sources: Transition Agreement (STERIS PLC)

Base Compensation. During The Executive will be paid a base salary at the Term, Executive’s annual salary rate of $625,000 per year (or such higher rate as may be set from time to time by the Board of Directors in its discretion) during the employment term (“Base CompensationSalary) during each Contract Year shall ). Base Salary will be no less than the annualized equivalent of $225,000 and shall be payable at paid in installments on the same times and under the same conditions schedule as salaries are paid to the Company’s Subsidiaries generally pay their employees. All compensation and benefits will be subject to reduction by all federal, state, local and other employeeswithholdings and similar taxes and payments required by applicable law.

Appears in 1 contract

Sources: Employment Agreement (Advanstar Communications Inc)

Base Compensation. During the Term, Executive’s The Executive will receive an annual salary of US$200,000 (the “"Base Compensation") during each Contract Year shall be no less than payable after the annualized equivalent of $225,000 and shall be payable at the same times and under the same conditions as salaries are paid to Commencement Date in installments consistent with the Company’s other employees's normal payroll schedule on or about either the first or fifteenth day of the month, subject to all withholding as is legally required or directed by the Executive.

Appears in 1 contract

Sources: Executive Agreement (Globalmedia Com)

Base Compensation. During As compensation for his services hereunder, the Term, Executive’s Company shall pay to the Executive an annual salary of $145,000 (the "Base Compensation”) during each Contract Year shall be no Salary"), less than the annualized equivalent of $225,000 and shall be required or authorized deductions, payable at the same times and under the same conditions as salaries are paid to in installments in accordance with the Company’s other employees's normal payment schedule for senior management of the Company. The Executive's Base Salary may be reviewed from time to time for adjustment.

Appears in 1 contract

Sources: Executive Employment Agreement (Peapod Inc)

Base Compensation. During the Term, Executive’s Executive shall be paid an annual base salary of Seventy-Seven Thousand and 00/100 Dollars (the $77,000.00) (“Base Compensation”) during each Contract Year shall be no less than beginning on the annualized equivalent of $225,000 Effective Date and shall be payable at the same times and under the same conditions as salaries are paid to in accordance with the Company’s other employeespayroll practices.

Appears in 1 contract

Sources: Compensation Agreement (Sparbar, Inc.)

Base Compensation. During the Term, Executive’s annual the Company will pay the Executive a base salary (the “Base CompensationSalary”) during each Contract Year shall be no less than the annualized equivalent at an annual rate of $225,000 and shall be 250,000, payable at the same times and under the same conditions as salaries are paid to in accordance with the Company’s other normal payroll procedures for executive employees.

Appears in 1 contract

Sources: Employment Agreement (Avatech Solutions Inc)

Base Compensation. During The Executive shall be paid a monthly base salary at the Termrate of $25,000 per month, Executive’s annual salary less statutory deductions (the "Base Compensation”) during each Contract Year shall be no less than the annualized equivalent of $225,000 and Salary"). The Base Salary shall be payable at each month in accordance with the Company's regular payroll practices, as the same times and under the same conditions as salaries are paid may be modified from time to the Company’s other employeestime.

Appears in 1 contract

Sources: Employment Agreement (Manchester Inc)

Base Compensation. During the Termtime that Executive is an employee of the Company, Executive’s annual the Company shall pay to Executive a base salary (the “Base CompensationSalary”) during each Contract Year shall be no less than the annualized equivalent of $225,000 and shall be 275,000 per annum, payable at the same times and under the same conditions as salaries are paid to in regular installments in accordance with the Company’s other employeesusual payment practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during the term of this Agreement and adjusted accordingly at the discretion of the Compensation Committee.

Appears in 1 contract

Sources: Executive Employment Agreement (Avid Technology Inc)

Base Compensation. During The Company will pay Executive the Term, Executive’s base annual salary of $165,000 (“Base Compensation”). The Company will pay the Base Compensation in accordance with normal Company payroll practices. The Base Compensation shall be reviewed annually and may be increased from time to time, in which case the “Base Compensation”) during each Contract Year shall be no less than ” will refer to the annualized equivalent of $225,000 and shall be payable base salary earned by Executive at the same times and under the same conditions as salaries are paid to the Company’s other employeestime in question.

Appears in 1 contract

Sources: Executive Officer Severance Agreement (Insilicon Corp)

Base Compensation. During the Termtime that Executive is an employee of the Company, Executive’s annual the Company shall pay to Executive a base salary (the “Base CompensationSalary”) during each Contract Year shall be no less than the annualized equivalent of $225,000 and shall be 230,000 per annum, payable at the same times and under the same conditions as salaries are paid to in regular installments in accordance with the Company’s other employeesusual payment practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during the term of this Agreement and adjusted accordingly at the discretion of the Compensation Committee.

Appears in 1 contract

Sources: Executive Employment Agreement (Avid Technology Inc)

Base Compensation. During The Executive shall, during the TermEmployment Period, Executive’s be paid by the Employer and/or its Affiliates base salary at an annual salary rate of $425,000.00 (the “Base Compensation”) during each Contract Year shall be no less than the annualized equivalent of $225,000 ), subject to review and shall potential upward adjustment annually thereafter, which will be payable at the same times and under the same conditions as salaries are paid according to the Company’s other employeesEmployer's customary payroll practices.

Appears in 1 contract

Sources: Employment Agreement (Audiovox Corp)

Base Compensation. During The Executive shall be paid by the Term, Executive’s Employer and/or its Affiliates base salary at an annual salary rate of $450,000 commencing on the Effective Date (the “Base Compensation”) during each Contract Year shall be no less than the annualized equivalent of $225,000 and shall ), which will be payable at the same times and under the same conditions as salaries are paid according to the Company’s other employeesEmployer's customary payroll practices.

Appears in 1 contract

Sources: Employment Agreement (VOXX International Corp)

Base Compensation. During The Company shall pay to the TermExecutive a base salary at an annual rate of US $210,000.00, Executive’s annual salary (the “Base Compensation”) during each Contract Year shall be no less than the annualized equivalent payable in bi-monthly installments of $225,000 and shall be payable at the same times and under the same conditions as salaries are paid to the Company’s other employees8,750.00 each.

Appears in 1 contract

Sources: Employment Agreement (BioTrove, Inc.)

Base Compensation. During Executive will be compensated at a base salary rate ----------------- of $600,000 per year (or such higher rate as may be set from time to time by the Term, Executive’s annual salary (the “Base Compensation”Board of Directors in its discretion) during each Contract Year shall the employment term. Base compensation will be no less than the annualized equivalent of $225,000 and shall be payable at paid in installments on the same times and under the same conditions schedule as salaries are paid to the Company’s 's Subsidiaries generally pay their employees. All compensation and benefits will be subject to reduction by all federal, state, local and other employeeswithholdings and similar taxes and payments required by applicable law.

Appears in 1 contract

Sources: Employment Agreement (Advanstar Inc)

Base Compensation. During The Company shall pay the Term, Executive’s annual Executive a base ----------------- salary ("Base Salary") at the “Base Compensation”) during each Contract Year shall be no less than the annualized equivalent rate of $225,000 and shall be payable at 300,000 per year during the same times and under the same conditions as salaries are paid to Employment Period with payments made in installments in accordance with the Company’s other employees's regular practice for compensating executive personnel.

Appears in 1 contract

Sources: Employment Agreement (Ascent Entertainment Group Inc)

Base Compensation. During the Term, Executive’s annual Executive shall be provided with annualized base salary of $ 450,000 (the “Base Compensation”) during each Contract Year shall be no less than ), payable in accordance with the annualized equivalent regular payroll practices of $225,000 and shall be payable at the same times and under the same conditions as salaries are paid to the Company’s other employees, with adjustments, if any, as may approved in writing by the Board.

Appears in 1 contract

Sources: Employment Agreement (Charah Solutions, Inc.)

Base Compensation. During As compensation for the Termservices to be rendered by Executive under this Agreement, Executive’s annual Employer shall pay Executive an annualized salary of $150,000 (the “Base Compensation”) during each Contract Year shall be no less than ), minus withholdings and other applicable deductions, starting on the annualized equivalent of $225,000 Effective Date and shall be payable at the same times and under the same conditions as salaries are paid from time to time in accordance with the Company’s other employeescustomary payroll practices. The Base Compensation shall be subject to annual increases as approved by the Company’s Board of Directors.

Appears in 1 contract

Sources: Executive Employment Agreement (Optionable Inc)

Base Compensation. During the Term, Executive’s Executive shall receive an annual base salary (the “Base Compensation”) during each Contract Year shall be no less than the annualized equivalent of $225,000 and shall be 160,000, payable at the same times and under the same conditions as salaries are paid to in accordance with the Company’s other employeesnormal payroll practices ("Annual Base Salary").

Appears in 1 contract

Sources: Executive Employment Agreement (Lapolla Industries Inc)

Base Compensation. During The Executive shall, during the Termfirst two years of the Employment Period, Executive’s be paid by the Employer and/or its Affiliates base salary at an annual salary rate of $830,000.00 (the “Base Compensation”) during each Contract Year which will be payable according to the Employer's customary payroll practices. During the remainder of the Employment Period, the Executive's Base Compensation shall be no less than the annualized equivalent at an annual rate of $225,000 and shall be payable at the same times and under the same conditions as salaries are paid to the Company’s other employees50,000.00.

Appears in 1 contract

Sources: Employment Agreement (Audiovox Corp)

Base Compensation. During the Termtime that Executive is an employee of the Company, Executive’s annual the Company shall pay to Executive a base salary (the “Base CompensationSalary”) during each Contract Year shall be no less than the annualized equivalent of $225,000 and shall be 285,000 per annum, payable at the same times and under the same conditions as salaries are paid to in regular installments in accordance with the Company’s other employeesusual payment practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during the term of this Agreement and adjusted accordingly at the discretion of the Compensation Committee.

Appears in 1 contract

Sources: Executive Employment Agreement (Avid Technology Inc)

Base Compensation. During the Term, Executive’s annual The Executive shall be paid an aggregate base salary (the "Base Compensation”Salary") during each Contract Year shall be no less than at the annualized equivalent rate of $225,000 150,000 per annum, less statutory deductions and withholdings. The Base Salary shall be payable at in a manner consistent with the same times and under normal payroll practices of the same conditions Company as salaries are paid in effect from time to time. The Base Salary shall be reviewed annually by the Company’s other employeesCompensation Committee of the Board (the "Committee").

Appears in 1 contract

Sources: Employment Agreement (Isg Resources Inc)

Base Compensation. During the Term, Executive’s annual The Executive will be paid a base salary equivalent to USD $340,000.00 per annum (the “Base Compensation”) during each Contract Year ). Such salary shall be no less than the annualized equivalent of $225,000 and shall be payable at the same times and under the same conditions as salaries are paid to the Executive in equal installments not less frequently than monthly, in accordance with the Company’s other employeesbusiness practices in effect from time to time. Any compensation which may be paid to the Executive under any additional compensation or incentive plans of the Company or which may otherwise be authorized from time to time by the Board of Directors shall be in addition to the Base Compensation to which the Executive is entitled to under this Agreement.

Appears in 1 contract

Sources: Employment Agreement (Establishment Labs Holdings Inc.)

Base Compensation. During the Term, Executive’s annual salary (the “Base Compensation”) during each Contract Year shall be no less than the annualized equivalent of $225,000 and shall be payable at the same times and under the same conditions as salaries are paid As compensation for his services to the Company’s other employees, Executive shall be paid an annual salary of $165,000, payable in accordance with the Company's payment periods. Executive's base compensation will be reviewed on an annual basis so long as this Agreement continues to be in effect.

Appears in 1 contract

Sources: Employment Agreement (Sopheon PLC)

Base Compensation. During the Term, Employer agrees to pay Executive’s annual , in accordance with Employer's applicable payroll policies in effect from time to time during the Term, a base salary at the rate of $235,000 per year (the "Base Compensation”) during each Contract Year shall be no less than the annualized equivalent of $225,000 and shall be payable at the same times and under the same conditions as salaries are paid to the Company’s other employeesSalary").

Appears in 1 contract

Sources: Employment Agreement (Corillian Corp)

Base Compensation. During the Term, Executive’s annual the Company will pay Executive a base salary (the “Base CompensationSalary”) during each Contract Year at an annual rate of $250,000, which shall be no less than the annualized equivalent of $225,000 and shall be payable at the same times and under the same conditions as salaries are paid to in accordance with the Company’s other employeesnormal payroll practices for its salaried executive employees from time to time in effect.

Appears in 1 contract

Sources: Employment Agreement (Avatech Solutions Inc)

Base Compensation. During The Company shall pay to the TermExecutive a base salary at an annual rate of US $244,400.00, Executive’s annual salary (the “Base Compensation”) during each Contract Year shall be no less than the annualized equivalent payable in bi monthly installments of $225,000 and shall be payable at the same times and under the same conditions as salaries are paid to the Company’s other employees10,183.33 each.

Appears in 1 contract

Sources: Employment Agreement (BioTrove, Inc.)

Base Compensation. During The Company shall pay to the TermExecutive a base salary at an annual rate of US $236,250.00, Executive’s annual salary (the “Base Compensation”) during each Contract Year shall be no less than the annualized equivalent payable in bi monthly installments of $225,000 and shall be payable at the same times and under the same conditions as salaries are paid to the Company’s other employees9,843.75 each.

Appears in 1 contract

Sources: Employment Agreement (BioTrove, Inc.)

Base Compensation. During the Term, Executive’s Executive shall receive an annual base salary (the “Base Compensation”) during each Contract Year shall be no less than the annualized equivalent of $225,000 and shall be 200,000, payable at the same times and under the same conditions as salaries are paid to in accordance with the Company’s other employeesnormal payroll practices ("Annual Base Salary").

Appears in 1 contract

Sources: Executive Employment Agreement (Lapolla Industries Inc)

Base Compensation. During Beginning on the TermEffective Date, Executive’s annual the Executive shall be paid a base salary (the "Base Compensation") during each Contract Year of $350,000 annually, payable semi-monthly. The Base Compensation shall be no less than subject to review annually for increases by the annualized equivalent Board of $225,000 Directors in its discretion in connection with the annual review of salary and shall be payable at the same times and under the same conditions as salaries are paid to benefits for the Company’s other employees's management.

Appears in 1 contract

Sources: Employment Agreement (Diva Systems Corp)