Base Salary; Bonus. (a) During the Employment Period, Paramount will pay you a base salary (“Base Salary”) at an annual rate of $500,000, which will be reviewed and subject to upward adjustment based on the recommendation of the Board of Directors (or a committee thereof) and the review and approval of the members of the Board of Directors (excluding you), and payable in accordance with Paramount’s normal payroll practices.
Appears in 2 contracts
Samples: Employment Agreement (Paramount Acquisition Corp), Employment Agreement (Paramount Acquisition Corp)
Base Salary; Bonus. (a) During the Employment Period, Paramount will pay you a base salary (“Base Salary”) at an annual rate of $500,000250,000, which will be reviewed and subject to upward adjustment based on the recommendation of the Board of Directors of Paramount (the “Board of Directors”) (or a committee thereof) and the review and approval of the members of the Board of Directors (excluding you)Directors, and payable in accordance with Paramount’s normal payroll practices.
Appears in 1 contract
Samples: Stock Purchase Agreement (Paramount Acquisition Corp)
Base Salary; Bonus. (a) During the Employment Period, Paramount will pay you a base salary (“"Base Salary”") at an annual rate of $500,000250,000, which will be reviewed and subject to upward adjustment based on the recommendation of the Board of Directors of Paramount (the "Board of Directors") (or a committee thereof) and the review and approval of the members of the Board of Directors (excluding you)Directors, and payable in accordance with Paramount’s 's normal payroll practices.
Appears in 1 contract
Samples: A Stock Purchase Agreement (Paramount Acquisition Corp)
Base Salary; Bonus. (a) During the Employment Period, Paramount will pay you a base salary (“Base Salary”) at an annual rate of $500,000200,000, which will be reviewed and subject to upward adjustment based on the recommendation of the Board of Directors of Paramount (the “Board of Directors”) (or a committee thereof) and the review and approval of the members of the Board of Directors (excluding you)Directors, and payable in accordance with Paramount’s normal payroll practices.
Appears in 1 contract
Samples: Stock Purchase Agreement (Paramount Acquisition Corp)
Base Salary; Bonus. (a) During the Employment Period, Paramount will pay you a base salary (“"Base Salary”") at an annual rate of $500,000265,000, which will be reviewed and subject to upward adjustment based on the recommendation of the Board of Directors of Paramount (the "Board of Directors") (or a committee thereof) and the review and approval of the members of the Board of Directors (excluding you)Directors, and payable in accordance with Paramount’s 's normal payroll practices.
Appears in 1 contract
Samples: A Stock Purchase Agreement (Paramount Acquisition Corp)