Base Salary; Bonus. (a) During the Employment Term, in consideration of the performance by the Executive of the Executive’s obligations during the Employment Term (including any service in any position with any subsidiary or affiliate of the Company), the Company shall pay the Executive a base salary (the “Base Salary”) at an annual rate of $650,000, subject to increase but not decrease in the discretion of the Board, payable in accordance with the normal payroll practices of the Company in effect from time to time.
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Samples: Employment Agreement (Martha Stewart Living Omnimedia Inc), Employment Agreement (Martha Stewart Living Omnimedia Inc)
Base Salary; Bonus. (a) During the Employment Term, in In consideration of the performance by the Executive of the Executive’s obligations during the Employment Term (including any service as a member of the Board or in any position with any subsidiary or affiliate of the Company), the Company shall pay the Executive a base salary (the “Base Salary”) at an annual rate of $650,000450,000, subject to increase but not decrease in the discretion of the Board, payable in accordance with the normal payroll practices of the Company in effect from time to time.
Appears in 1 contract
Base Salary; Bonus. (a) During the Employment Term, in consideration of the performance by the Executive of the Executive’s 's obligations during the Employment Term (including any service in any position with any subsidiary or affiliate of the Company), the Company shall pay the Executive a base salary (the “"Base Salary”") at an annual rate of $650,000900,000, subject to increase but not decrease in the discretion of the Board, payable in accordance with the normal payroll practices of the Company in effect from time to time.
Appears in 1 contract
Samples: Employment Agreement (Martha Stewart Living Omnimedia Inc)
Base Salary; Bonus. (a) During the Employment Term, in consideration of the performance by the Executive of the Executive’s obligations during the Employment Term (including any service in any position with any subsidiary or affiliate of the Company), the Company shall pay the Executive a base salary (the “Base Salary”) at an annual rate of $650,000, subject to increase but not decrease in the discretion of the Board, payable in accordance with the normal payroll practices of the Company in effect from time to time990,000.
Appears in 1 contract
Samples: Employment Agreement (Martha Stewart Living Omnimedia Inc)
Base Salary; Bonus. (a) During the Employment Term, in consideration of the performance by the Executive of the Executive’s obligations during the Employment Term (including any service in any position with any subsidiary or affiliate of the Company), the Company shall pay the Executive a base salary (the “Base Salary”) at an annual rate of $650,000550,000, subject to increase but not decrease in the discretion of the Board, payable in accordance with the normal payroll practices of the Company in effect from time to time.
Appears in 1 contract
Samples: Employment Agreement (Martha Stewart Living Omnimedia Inc)