Base Salary and Benefits Sample Clauses

Base Salary and Benefits. (a) During the first year of the Employment Period, Executive's base salary shall be $120,000 per annum (the "Base Salary"), which salary shall be payable in regular installments in accordance with the Company's general payroll practices and shall be subject to customary withholding. Thereafter, the Base Salary shall be such higher rate as the Board may designate from time to time. As used in this Agreement, the term "Base Salary" shall be deemed to include any such increases as may be designated from time to time by the Board. During the Employment Period, Executive shall be entitled to participate in all of the Company's employee benefit programs for which senior executive employees of the Company and its Subsidiaries are generally eligible (including the Company's stock option program).
Base Salary and Benefits. The basic annual salary of the Associate for his employment services hereunder shall be $367,290 or such higher annual salary, if any, as shall be approved by the Board of Directors of the Parent Company from time to time (the “Base Salary”), which shall be payable in accordance with the Company’s payroll policy. Nothing contained herein shall affect or in any way limit the Associate’s rights as an Associate of the Company to participate in any Company 401(k) profit sharing plan or medical and life insurance programs offered by the Company to its employees, all of which shall be available to the Associate to the same extent as if this Agreement had not existed, and compensation received by the Associate hereunder shall be in addition to the foregoing. In addition, nothing contained herein shall affect or in any way limit the Associate’s eligibility to participate in any nonqualified deferred compensation plan of the Company or the Parent.
Base Salary and Benefits. (a) During the Employment Period, Executive's base salary shall be $425,000 per annum or such other higher rate as the Board may designate from time to time (the "BASE SALARY"), which salary shall be payable in regular installments in accordance with the Company's general payroll practices and shall be subject to customary withholding. Executive shall also receive an auto allowance of $1,000.00 per month or such other rate as the Board of Directors may designate and be reimbursed for actual and necessary tax planning and financial planning expenses up to a maximum of $5,000 per year or such other annual amount designated by the Board of Directors. In addition, during the Employment Period, Executive shall be entitled to participate in all of the Company's employment benefit programs for which senior executive employees of the Company and its Subsidiaries are generally eligible, including all supplemental benefit programs such as; supplemental retirement plans, supplemental medical plans, supplemental disability plans, deferred compensation plans, supplemental life insurance plans and any other approved plans made available by the Company to the Executive. Also, the Executive shall be entitled to four (4) weeks of paid vacation each year, which if not taken may not be carried forward to any subsequent year.
Base Salary and Benefits. (a) During the Employment Period, Executive's base salary shall be at least $168,480 per annum, subject to review by the Board and the President and/or Chief Executive Officer (who shall consider the Radford Survey in such review) on an annual basis (the "Base Salary"), which salary shall be payable in regular installments ----------- in accordance with the Company's general payroll practices and shall be subject to customary withholding. In addition, during the Employment Period, Executive shall be entitled to participate in all of the Company's employee benefit programs for which senior executive employees of the Company and its Subsidiaries are generally eligible (collectively, the "Benefits"). --------
Base Salary and Benefits. (a) During the Employment Period, the Executive's base salary shall be $500,000 per annum or such higher rate as the Board or the Compensation Committee of the Board (excluding the Executive if he should be a member of the Board at the time of such determination) may designate from time to time (the "Base Salary"), which salary shall be payable in such installments as is the policy of the Company with respect to its senior executive employees and shall be subject to Federal, state and local withholding and other payroll taxes. During the Employment Period, the Compensation Committee shall review Executive's Base Salary and performance bonuses on at least an annual basis and consider in good faith industry practices for compensation for similarly-situated executives, it being understood that the ultimate amount and terms of any increase in compensation, if any, shall be within the discretion of the Compensation Committee or the Board, as the case may be. In addition, during the Employment Period, the Executive shall be entitled to participate in all employee benefit plans and programs for which senior executives of the Company are generally eligible and the Executive shall be eligible to participate in all insurance plans available generally to all executives of the Company.
Base Salary and Benefits. (a) During the Employment Period, Employee's base salary will be $300,000 per annum and will be subject to review by the Company's Chief Executive Officer (the “CEO”) on an annual basis (the “Base Salary”), which salary will be payable in regular installments in accordance with the Company's general payroll practices and will be subject to customary withholding.
Base Salary and Benefits. (a) During the Employment Period, the Company shall pay Executive an annual base salary of $482,040 (the “Base Salary”). As used herein, references to “Base Salary” shall include all subsequent increases in annual base salary during the Employment Period. The Base Salary shall be payable in regular installments in accordance with the Company’s general payroll practices (as in effect from time to time).
Base Salary and Benefits. As compensation and consideration for the services to be rendered by Employee under this Agreement, the Company agrees to pay Employee and Employee agrees to accept, a base salary (“Base Salary”) of $246,240 per annum, less required tax withholding, which shall be paid in accordance with the Company’s standard payroll practice. Employee’s Base Salary may be increased from time to time, at the discretion of the Company, and after any such change, Employee’s new level of Base Salary shall be Employee’s Base Salary for purposes of this Agreement until the effective date of any subsequent change. Employee shall also receive benefits such as health insurance, vacation and other benefits consistent with the then applicable Company benefit plans to the same extent as other employees of the Company with similar position or level. Employee understands and agrees that Company’s benefit plans may, from time to time, be modified or eliminated at Company’s discretion.
Base Salary and Benefits. (a) Initially, Executive's base salary shall be $500,000.00 per annum (the "Base Salary"), which salary shall be payable in regular installments in accordance with the Company's general payroll practices and shall be subject to customary withholding. Executive's Base Salary shall be reviewed at least annually by the Compensation Committee of the Board and shall be subject to adjustment, but not reduction, as they shall determine based on among other things, market practice and performance. In addition, during the Employment Term, Executive shall be entitled to participate in the Company's Long Term Incentive Plan.
Base Salary and Benefits. (a) Employee’s annual base salary for the Employment Period shall be $305,000 (the “Base Salary”). The Base Salary shall be payable in approximately equal installments in accordance with the Company’s general payroll practices and shall be subject to required withholding. Any change in Base Salary shall be in the sole discretion of the Board of Directors of the Company. During the Employment Period, Employee shall be entitled to participate in all of the Company’s employee benefit programs for which employees of the Company are generally eligible, at a level commensurate with Employee’s position in the Company.