Base Salary and Signing Bonus. The Company shall pay the Executive an annual rate of base salary of $300,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws. The Executive’s base salary may be reviewed from time to time by the Board, and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.” In addition to the Base Salary, the Company shall pay the Executive a one-time signing bonus in the amount of $12,500, less applicable withholdings, on December 24, 2020.
Base Salary and Signing Bonus. During the Term, the Executive will receive a base salary at the rate of $225,000 per annum, payable in substantially equal installments in accordance with the Bank’s regular payroll practices (“Base Salary”). Commencing on January 1, 2014, The Executive’s Base Salary will increase to $245,000. The Executive’s Base Salary will be reviewed by the Board annually, and the Executive will be entitled to receive annually an increase in such amount, if any, as may be determined by the Board. Employer will pay Employee a signing bonus of $50,000 on the Effective Date subject to normal payroll deductions.
Base Salary and Signing Bonus. As compensation for performing the services required by this Agreement during the Employment Term, Employer shall pay to Executive an annual salary of no less than Two Hundred Fifty Thousand Dollars ($250,000) ("Base Compensation"), payable in accordance with the general policies and procedures for payment of salaries to its executive personnel maintained, from time to time, by Employer (but no less frequently than monthly), subject to withholding for applicable federal, state, and local taxes. Increases in Base Compensation, if any, shall be determined by the Compensation Committee of the Board (the "Committee") based on periodic reviews of Executive's performance conducted on at least an annual basis. In addition, upon execution of this Agreement, Employer shall pay to Employee a signing bonus of $150,000.
Base Salary and Signing Bonus. (i) During the Term, the Executive will receive a base salary at the rate of $275,000 per annum, payable in substantially equal installments in accordance with the Bank’s regular payroll practices (“Base Salary”). The Executive’s Base Salary will be reviewed by the Board (or a committee of the Board comprised solely of disinterested members, hereinafter the “Committee”) annually, and the Executive will be entitled to receive annually an increase in such amount, if any, as may be determined by the Board or the Committee.
Base Salary and Signing Bonus. The Executive shall receive a base salary at the rate of $285,000 per annum commencing on the Start Date, with such base salary to be reviewed for increases, if any, based on performance at least annually or such other more frequent periods as determined by the Board (the “Base Salary”). The Base Salary shall be paid at least monthly in accordance with MAP’s regular payroll practices. In addition, Executive shall receive a signing bonus of $100,000 promptly following the Start Date (in any case not to exceed five (5) days following such date), provided, however, in the event Executive does not remain employed by MAP through April 12, 2007 for any reason other than (i) Executive’s termination of employment by MAP without Cause or (ii) Executive’s termination of employment for Good Reason, Executive shall be required to reimburse MAP for the pro rata portion of his signing bonus (calculated based on the number of months less than twenty four
Base Salary and Signing Bonus. (a) During the Employment Period, the Executive shall receive a minimum annual base salary of $500,000, which shall be prorated for any period of less than 12 months (the “Base Salary”). The Compensation Committee shall review the Executive’s Base Salary on an annual basis and may, in its sole discretion, increase, but not decrease, the Base Salary, and references in this Agreement to “Base Salary” shall refer to annual Base Salary as so increased. The Base Salary shall be paid in equal installments in accordance with the Company’s standard policy regarding payment of compensation to executives, but no less frequently than monthly. SPG Initials RLG Initials
Base Salary and Signing Bonus. The Company shall pay to Executive a base salary (the “Base Salary”) at an annual rate of $300,000 during the period from April 1, 2005 to December 31, 2005. The Base Salary shall be payable in installments throughout the year in the same manner and at the same times the Company pays base salaries to other executive officers of the Company. Commencing April 1, 2006, the Base Salary shall be adjusted upward annually in an amount at the discretion of the Parent Board; provided, however, that such upward annual adjustment shall be greater than or equal to the Consumer Price Index
Base Salary and Signing Bonus. (i) The Executive shall receive base salary at the rate of not less than $450,000.00 per annum (the "Base Salary Rate"), payable in substantially equal installments, in accordance with the normal payroll practices of the Company.
Base Salary and Signing Bonus. Employee’s base salary as of the effective date of this Employment Agreement is $185,000 per year. Employee shall be considered for salary increases on the basis of merit on an annual basis, with any future increases subject to the sole discretion of the Bank.
Base Salary and Signing Bonus. For all the services rendered by Executive hereunder, the Company shall pay Executive a base salary ("Base Salary") of $500,000 per annum, commencing on the Effective Date, payable in installments at such times as the Company customarily pays its other senior level executives (but in any event no less often than monthly). Executive's Base Salary shall be reviewed annually for appropriate adjustment (but shall not be reduced below that in effect on the Effective Date without Executive's written consent) by the Trustees pursuant to its normal performance review policies for senior level executives. The Company shall also pay Executive a signing bonus of $400,000 on or about September 3, 1996.
