Common use of Base Salary and Benefits Clause in Contracts

Base Salary and Benefits. (A) During the Employment Period, the Executive’s base salary shall be $350,000 per annum or such higher rate as the Board 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 executive employees and shall be subject to federal, state and local withholding and other payroll taxes. In addition, during the Employment Period, the Executive shall be entitled to participate in the employee benefit programs for which all executives of Parent and the Company are generally eligible.

Appears in 2 contracts

Samples: Employment Agreement (Music123, Inc.), Employment Agreement (Guitar Center Inc)

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Base Salary and Benefits. (Aa) During the Employment Period, the Executive’s 's base salary shall be $350,000 225,000 per annum or such higher rate as the Board may designate from time to time (the "Base Salary"), which salary shall be payable in such regular installments as is in accordance with the policy of the Company with respect to its executive employees Company's general payroll practices and shall be subject to federal, state and local withholding and other payroll taxes. In addition, during the Employment Period, the Executive shall be entitled to participate in the employee benefit programs for which all executives of Parent and the Company are generally eligiblecustomary withholding.

Appears in 1 contract

Samples: Employment Agreement (Trans Leasing International Inc)

Base Salary and Benefits. (Aa) During the Employment Period, the Executive’s 's base salary shall be $350,000 60,000 per annum or such higher other rate as the Board may designate from time to time (the “Base Salary”"BASE SALARY"), which salary shall be payable in such regular installments as is in accordance with the policy of the Company with respect to its executive employees Company's general payroll practices and shall be subject to federal, state and local withholding and other payroll taxes. In addition, during the Employment Period, the Executive shall be entitled to participate in the employee benefit programs for which all executives of Parent and the Company are generally eligiblecustomary withholding.

Appears in 1 contract

Samples: Employment Agreement (Cottontops Inc)

Base Salary and Benefits. (Aa) During the Employment Period, the Executive’s 's base salary shall be $350,000 300,000 per annum or such higher rate as the Board Company may designate from time to time (the "Base Salary"), which salary shall be payable in such regular installments as is ----------- in accordance with the policy of the Company with respect to its executive employees Company's general payroll practices and shall be subject to federal, state and local withholding and other payroll taxescustomary withholding. In addition, during the Employment Period, the Executive shall be entitled to participate in all of the Company's employee benefit programs for which all executives senior executive employees of Parent and the Company and its subsidiaries are generally eligible.

Appears in 1 contract

Samples: Employment Agreement (Chirex Inc)

Base Salary and Benefits. (Aa) During the Employment Period, the Executive’s 's base salary shall be $350,000 285,000 per annum or such higher rate as (the Board may designate "Base Salary"). The Base Salary shall be subject to adjustment from time to time (in accordance with the compensation policies and practices of the Company; however, in no case shall Executive's salary be reduced below $285,000 per annum. The Base Salary”), which salary Salary shall be payable in such regular installments as is in accordance with the policy of the Company with respect to its executive employees Company's general payroll practices and shall be subject to federal, state and local withholding and other payroll taxes. In addition, during the Employment Period, the Executive shall be entitled to participate in the employee benefit programs for which all executives of Parent and the Company are generally eligiblecustomary withholding.

Appears in 1 contract

Samples: Employment Agreement (Galen Holdings PLC)

Base Salary and Benefits. (Aa) During the Employment Period, the Executive’s 's base salary shall be $350,000 270,000 per annum or such higher rate as (the Board may designate "Base Salary"). The Base Salary shall be subject to adjustment from time to time (in accordance with the compensation policies and practices of the Company; however, in no case shall Executive's salary be reduced below $270,000 per annum. The Base Salary”), which salary Salary shall be payable in such regular installments as is in accordance with the policy of the Company with respect to its executive employees Company's general payroll practices and shall be subject to federal, state and local withholding and other payroll taxes. In addition, during the Employment Period, the Executive shall be entitled to participate in the employee benefit programs for which all executives of Parent and the Company are generally eligiblecustomary withholding.

Appears in 1 contract

Samples: Employment Agreement (Galen Holdings PLC)

Base Salary and Benefits. (Aa) During the Employment Period, the Executive’s 's base salary shall be $350,000 per annum 200,000, or such higher greater rate as the Compensation Committee of the Parent's Board of Directors (the "Compensation Committee") may designate from time to ---------------------- time (the "Base Salary"), which salary shall be payable in such regular bi-weekly ----------- installments as is in accordance with the policy of the Company with respect to its executive employees Company's general payroll practices and shall be subject to federal, state and local withholding and other payroll taxes. In addition, during the Employment Period, the Executive shall be entitled to participate in the employee benefit programs for which all executives of Parent and the Company are generally eligiblecustomary withholding.

Appears in 1 contract

Samples: South Central (SCP Pool Corp)

Base Salary and Benefits. (Aa) During the Employment Period, the Executive’s 's base salary shall be $350,000 $ 125,000 per annum or such higher rate as the Board Company may designate from time to time (the "Base Salary"), which salary shall be payable in such regular installments as is ----------- in accordance with the policy of the Company with respect to its executive employees Company's general payroll practices and shall be subject to federal, state and local withholding and other payroll taxescustomary withholding. In addition, during the Employment Period, the Executive shall be entitled to participate in all of the Company's employee benefit programs for which all executives senior executive employees of Parent and the Company and its subsidiaries are generally eligible.

Appears in 1 contract

Samples: Employment Agreement (Chirex Inc)

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Base Salary and Benefits. (Aa) During the Employment Period, the Executive’s Company shall pay to Executive a base salary shall be equal to $350,000 per annum 100,000 (the "Base Salary") or such higher rate as the Board Manager may designate from time to time (the “time. The Base Salary”), which salary Salary shall be payable in such regular installments as is in accordance with the policy of the Company with respect to its executive employees Company's general payroll practices and shall be subject to federal, state and local withholding and other payroll taxescustomary withholding. In addition, during the Employment Period, the Executive shall be entitled to participate in all of the Company's employee benefit programs for which all executives senior executive employees of Parent the Company and the Company Parent Partnership are generally eligible.

Appears in 1 contract

Samples: Employment Agreement (Sovereign Specialty Chemicals Inc)

Base Salary and Benefits. (Aa) During the Employment Period, the Executive’s 's base salary shall be $350,000 300,000 per annum or such higher other rate as the Board may designate from time to time (the "Base Salary"), which salary shall be payable in such regular installments as is in accordance with the policy of the Company with respect to its executive employees Company's general payroll practices and shall be subject to federal, state and local withholding and other payroll taxescustomary withholding. In addition, during the Employment Period, the Executive shall be entitled to participate in all of the employee Company's employment benefit programs for which all executives senior executive employees of Parent and the Company and its Subsidiaries are generally eligible., including all supplemental benefit programs such

Appears in 1 contract

Samples: Employment Agreement (Stage Stores Inc)

Base Salary and Benefits. (Aa) During the Employment PeriodPeriod (but beginning on November 1, the 1998), Executive’s 's base salary shall be $350,000 150,000 per annum or such higher rate as the Board may designate from time to time (the "Base Salary"), which salary shall be payable in such regular installments as is in accordance with the policy of the Company with respect to its executive employees Company's general payroll practices (but at least monthly) and shall be subject to federal, state and local withholding and other payroll taxesrequired withholding. In addition, during the Employment Period, the Executive shall be entitled to participate in all of the Company's employee benefit programs for which all executives senior executive employees of Parent and the Company are generally eligible.

Appears in 1 contract

Samples: Employment Agreement (Gerald Stevens Inc/)

Base Salary and Benefits. (Aa) During the Employment Period, the Executive’s 's base salary shall be $350,000 250,000 per annum or such higher rate as the Board 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 executive employees and shall be subject to federalFederal, state and local withholding and other payroll taxes. In addition, during the Employment Period, the Executive shall be entitled to participate in the employee benefit programs for which all executives of Parent and the Company are generally eligible.

Appears in 1 contract

Samples: Employment Agreement (Guitar Center Inc)

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