Base Remuneration Clause Samples
The Base Remuneration clause defines the fixed amount of compensation an employee or contractor will receive for their services, typically stated as an annual salary or hourly wage. This clause outlines the payment structure, frequency, and any conditions tied to the base pay, ensuring both parties understand the standard earnings before bonuses or additional incentives. Its core function is to establish clear expectations regarding regular compensation, thereby preventing misunderstandings or disputes over pay.
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Base Remuneration. The Corporation shall employ the Executive at a minimum monthly salary of $11,000 per month (US$132,000 per annum) or other greater amount to be determined periodically by the Board (the "Base Salary"), payable regularly in accordance with the Corporation's practices applicable to other senior executives (subject to deduction of income tax and other deductions and/or withholdings as required by law). In addition, the Executive will be entitled to participate in the Corporation's incentive stock option plan and to receive incentive stock options as determined by the Board or the Compensation Committee and in accordance with the plan established by the Corporation.
Base Remuneration. The Company shall pay Executive minimum base remuneration at an annual rate of 20,000,000 Yen. Executive’s annual base remuneration shall be divided into 12 installments and one portion thereof (“Base Installment”) shall be paid on the first business day of each month during the term of Executive’s serving as the director of the Company. Executive shall receive a one-time signing bonus upon execution of this Agreement in the amount of 500,000 Yen.
Base Remuneration. During the term of this Agreement, the Company shall pay, and the JV agrees to accept, in consideration for the JV's services hereunder, pro rata quarterly payments of a total annual cash salary of US$15,000.00, less all applicable taxes and other appropriate deductions. The JV's base salary shall be increased annually, on January 1 of each calendar year, in amount no less than ten percent (10%). In addition, the Board shall review the JV's base salary annually to determine whether it should be increased more than ten percent (10%). The decision to increase the JV's base more than ten percent (10%) and the amount of any such increase shall be within the Board's sole discretion.
Base Remuneration. During the first year of this Agreement, the Executive’s base remuneration shall be one hundred and fifty thousand ($150,000) per annum payable in equal bi-weekly installments, not in advance, exclusive of bonuses, benefits and other compensation, but subject to applicable statutory deductions and contributions (“Base Remuneration”).
Base Remuneration. During the term of this Agreement, the Company shall pay, and the ID agrees to accept, in consideration for the ID's services hereunder, pro rata quarterly payments of a total annual cash salary of US$15,000.00, less all applicable taxes and other appropriate deductions. The ID's base salary shall be increased annually, on January 1 of each calendar year, in amount no less than ten percent (10%). In addition, the Board shall review the ID's base salary annually to determine whether it should be increased more than ten percent (10%). The decision to increase the ID's base more than ten percent (10%) and the amount of any such increase shall be within the Board's sole discretion.
Base Remuneration. ▇▇▇▇▇▇▇▇’▇ annual base remuneration (the “Base Remuneration”) will initially be US$240,000 per year. The Company shall pay ▇▇▇▇▇▇▇▇ an annual Base Remuneration of US$350,000 from and after the filing of a publicly available Form F-1 with respect to any initial public offering, in the United States, of the Company’s equity securities (the “IPO”). It is anticipated that such annual Base Remuneration shall be increased starting in the year after the IPO to US$450,000, provided that the Company has made satisfactory progress towards Board approved strategic goals. The Company shall pay the Base Remuneration due hereunder in periodic installments, subject to applicable withholding, and in accordance with the Company’s customary payroll practices, but no less frequently than monthly. ▇▇▇▇▇▇▇▇’▇ Base Remuneration shall be reviewed at least annually by the Board’s Compensation Committee or, in its absence, the Board (the “Compensation Committee”) and the Compensation Committee may, but shall not be required to, increase the Base Remuneration during the Services Term. However, ▇▇▇▇▇▇▇▇’▇ base remuneration may not be decreased during the Services Term other than as part of an across-the-board remuneration reduction that applies in the same manner and same percentage as all senior employees. ▇▇▇▇▇▇▇▇’▇ annual base remuneration, as in effect from time to time, is hereinafter referred to as “Base Remuneration”.
Base Remuneration. During the term of this Agreement, the Company shall pay, and the Director agrees to accept, in consideration for the Director’s services hereunder, a total annual cash retainer of U.S. $40,000, payable in accordance with the Company’s payroll policies then in effect (no less frequently than monthly). In addition, for each Committee on which Director serves, Director will receive additional compensation in the amount(s) specified below depending on whether Director serves as Chair or non-Chair member of such committee: Audit Committee $ 15,000 per year $ 3,000 per year Compensation Committee $ 10,000 per year $ 3,000 per year Nominating/Governance $ 10,000 per year $ 3,000 per year The Board, acting without the Director, shall review the Director’s retainer as well as additional committee compensation annually to determine whether it should be increased. The decision to increase the Director’s retainer and the amount of any such increase shall be within the Board’s sole discretion.
Base Remuneration. In consideration for the provision of the Consultant’s Services, the Company shall pay the Consultant a monthly fee of $10,000 (the “Fee”), beginning on March 15, 2016 and continuing until the Termination Date. The Fee will be payable in common shares of the Company (the “Compensation Shares”) which the Company will issue by the end of the 7th calendar day of each month for Services rendered in the preceding month at a value per share equal to:
Base Remuneration. HA-LO shall compensate ▇▇▇▇▇▇ at an annual rate of One Hundred Thousand Dollars ($100,000) per year, payable monthly, on the last day of each calendar month or upon such other frequency as the parties hereto shall agree ("Base Remuneration") while this Agreement is in effect."
Base Remuneration a) In exchange for the services rendered by the Player, the Club will pay to the Player an annual base remuneration as follows: Season X: Currency / Amount gross Season X+1 [if applicable]: Currency / Amount gross
b) The annual base remuneration is to be paid in [in a minimum of 10 equal monthly instalments or, in the case that the Contract is signed during the season, in the relevant number of equal monthly instalments until the end of the season / up to 30 % of a player’s annual base remuneration may be paid in the last two equal instalments, if specifically agreed between the Parties] instalments in accordance with the Schedule established in Annex III.
c) All income-related taxes and social security contributions are included in the gross amount specified above. The Club will provide the Player with the estimated net amount based on the applicable tax and social security regulations at the time of signing this Contract. Notwithstanding the above, the gross amount will prevail in case of discrepancy.
d) The Club is responsible for complying with the pertinent statutory provisions as regards any legal requirements, duties or levies imposed by local, regional or federal authorities, the payment of taxes, social security charges, and dues payable to the Club's liability insurance, if any. The Player will bear the responsibility for complying with his own tax and social security obligations and filing the personal income tax return in accordance with the applicable laws.