Base Salary and Fringe Benefits Sample Clauses

Base Salary and Fringe Benefits. Except as otherwise provided herein, as compensation for these services hereunder, the Corporation will pay to Employee, in installments and on dates in accordance with its normal payroll, during the period of his employment hereunder, a base salary at the aggregate rate of one hundred seventy-five thousand ($175,000) per annum, subject to the right of the parties, by mutual agreement, to adjust such rate upward in respect of any future period after the date hereof, (hereinafter referred to as "Base Pay"). In addition the Corporation shall:
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Base Salary and Fringe Benefits. As compensation for the Employee's services hereunder during the Employment Period, the Company shall pay the Employee a base salary of four hundred thousand ($400,000) dollars per annum, commencing July 1, 2018, and through the effective period of the contract unless amended by the Compensation Committee. Any base salary payable hereunder shall be paid in regular intervals in accordance with the Company's payroll practices, but no less frequently than once each month. The Employee shall be entitled to participate in all fringe benefits the Company provides for its employees generally, and such other benefits as the Company provides generally for its senior executives. Such fringe benefits may include paid time off (vacation and sick days), right to unpaid FMLA time off, medical insurance coverage (health, dental and vision), and Employee Retirement Plan, as may exist from time to time. In addition, the Company shall maintain a Term Life Insurance policy for the Employee, valued at $2 Million, of which $1 Million shall be assigned to the Company and remaining to the Employee’s Estate.
Base Salary and Fringe Benefits. For all services rendered by the Executive Stockholder to the Company (and any subsidiary of the Company which may hereafter be established), the Company shall pay the Executive Stockholder a salary at the rate set by the Compensation Committee (the "Base Salary"), and payable (after deduction of applicable payroll taxes) in equal semi-monthly installments on the 1st and 16th day of each month or on the preceding business day if such day is a Saturday, Sunday or holiday. The Executive Stockholder shall also be eligible for and participate in such fringe benefits as shall be generally provided to executives of the Company, including (but not limited to) the following: medical insurance and other welfare benefit programs; incentive savings and retirement programs which may be adopted from time to time by the Company; stock option plans; and club memberships. The Executive Stockholder shall be entitled to paid vacation consistent with existing Company policy. The Company shall continue to maintain existing disability and "split-dollar" insurance agreements with respect to the Executive Stockholder on terms no less favorable to the Executive Stockholder than now existing.
Base Salary and Fringe Benefits. Except as otherwise provided herein, as compensation for these services hereunder, the Bank will pay to Employee, in installments and on dates in accordance with its normal payroll, during the period of his employment hereunder, a base salary at the aggregate rate of One Hundred Twenty One Thousand Dollars ($121,000) per year, subject to the right of the parties, by mutual agreement, to adjust such rate upward in respect of any future calendar year or years after the date hereof, hereinafter "Base Pay." In addition the Bank shall:
Base Salary and Fringe Benefits. Except as otherwise provided herein, as compensation for these services hereunder, the Corporation will pay to Employee, in installments and on dates in accordance with its normal payroll, during the period of his employment hereunder, a base salary at the aggregate rate of One hundred twenty-five thousand dollars ($125,000) per year, subject to the right of the parties, by mutual agreement, to adjust such rate upward on a basis no less favorable than upward adjustments provided as a class to other senior Employees of the Corporation, in respect of any future calendar year or years after the date hereof, hereinafter "Base Pay". In addition the Corporation shall:
Base Salary and Fringe Benefits. Your base salary will be $330,000 on an annualized basis, less payroll deductions and all required withholdings, payable semi-monthly. You will be entitled to twenty (20) days paid time off each year pursuant to the Company’s policies, accruing on a monthly basis. You will be eligible for the Company’s standard benefits, which will be available to you the first of the month following your date of hire. The benefits will include paid holidays, medical, dental, vision, short-term and long-term disability insurance, life insurance and a 401K plan. The Company may modify benefits from time to time, in its sole discretion.
Base Salary and Fringe Benefits. Except as otherwise provided herein, as compensation for these services hereunder, the Corporation will pay to Employee, in installments and on dates in accordance with its normal payroll, during the period of his employment hereunder, a base salary at the aggregate rate of One Hundred Thirty Six Thousand Five Hundred Dollars ($136,500) per year, subject to the right of the parties, by mutual agreement, to adjust such rate upward in respect of any future calendar year or years after the date hereof, (hereinafter referred to as "Base Pay"). It is the intent of the parties that the base salary set forth herein will be reviewed for the year 2002 after the Compensation Committee of the Corporation has conducted its annual review of Employee for the year ended December 31, 2001. In addition the Corporation shall:
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Base Salary and Fringe Benefits 

Related to Base Salary and Fringe Benefits

  • Salary and Fringe Benefits The employee shall be paid a salary which is the pro- rata share of the salary which the employee would have earned had he or she not elected to exercise the option of reduced workload. The employee shall retain all other rights and benefits enjoyed by full-time members of the unit.

  • Base Salary and Benefits a. During the Employment Period, Executive's base salary shall be $180,000 per annum (the "Base Salary"), which salary shall be payable in regular installments in accordance with the Company's general payroll practices, including those related to withholding for taxes, insurance and similar items. Executive's Base Salary shall be increased on January 1 of each calendar year, commencing January 1, 1998, by the Adjustment Percentage (as defined below) of the Base Salary applicable to the previous fiscal year. As used herein, "

  • Base Salary and Bonus As compensation for the Executive's services under this Agreement, the Executive shall receive and the Company shall pay a weekly base salary set forth on Exhibit A. Such base salary may be increased but not decreased during the Term or Renewal Period in the Company's discretion based upon the Executive's performance and any other factors the Company deems relevant. Such base salary shall be payable in accordance with the policy then prevailing for the Company's executives. In addition to such base salary, the Executive shall be entitled during the Term or Renewal Period to a performance bonus set forth on Exhibit A and to participate in and receive payments from, at the Company's election, other bonus and other incentive compensation plans, if any, as may be adopted by the Company.

  • Salary and Benefits During the term of this Agreement:

  • Salary and Bonus ii. Awards of stock, stock options, and stock appreciation rights. Use the dollar amount recognized for financial statement reporting purposes with respect to the fiscal year in accordance with the Statement of Financial Accounting Standards No. 123 (Revised 2004) (FAS 123R), Shared Based Payments.

  • Base Salary During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $250,000, payable in regular installments in accordance with the Company's usual payment practices. Executive shall be entitled to such increases in Executive's base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive's annual rate of base salary, as in effect from time to time, is hereinafter referred to as the "Base Salary."

  • Vacation and Fringe Benefits During the Employment Period, the Executive shall be entitled to paid vacation and fringe benefits at a level that is commensurate with the paid vacation and fringe benefits available to the Executive immediately prior to the Effective Date, or, if more favorable to the Executive, at the level made available from time to time to the Executive or other similarly situated officers at any time thereafter.

  • Accrued Salary and Vacation On the Separation Date, the Company will pay you all accrued salary and all accrued and unused vacation earned through the Separation Date, subject to standard payroll deductions and withholdings. You will receive these payments regardless of whether or not you sign this Agreement.

  • Compensation and Fringe Benefits (a) The Company shall, during the Term of Employment, pay to the Executive as compensation for the performance of his duties and obligations a salary of $240,000 per annum. This compensation is subject to annual review and adjustment, as appropriate in the judgment of the Company. The compensation payable pursuant to this Section 5(a) shall be payable in equal semi-monthly installments on the last day of each such pay period.

  • Annual Salary Executive's compensation shall consist of an annual base salary (the "Annual Salary") of one hundred fifty thousand dollars ($150,000), before all customary payroll deductions. The Annual Salary shall be reviewed, and shall be subject to change, by the Board of Directors of Employer (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.

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