Base Salary Compensation. Employer shall pay Xxxxxx an initial annual base salary of One Hundred Eighty Thousand Dollars ($180,000.00) (the “Salary Compensation”), which Employer’s President or Board may elect to adjust, in their sole discretion and without any requirement that they do so, on each anniversary of the date first written above. Xxxxxx’x Salary Compensation shall be payable in equal periodic installments according to Employer’s customary payroll practices, but no less frequently than bi-monthly. During the term of his employment as defined herein, Xxxxxx shall also be entitled to an annual target bonus of 35% of the then annual salary. Such bonus shall be based upon the achievement of performance criteria established by the Company and to be awarded at the discretion of the Company’s President or Board of Directors.
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Samples: Employment Agreement (Armstrong Energy, Inc.), Employment Agreement (Armstrong Coal Company, Inc.), Employment Agreement (Armstrong Energy, Inc.)
Base Salary Compensation. Employer shall pay Xxxxxx Xxxxxxx an initial annual base salary of One Two Hundred Eighty Thirty Thousand Dollars ($180,000.00230,000.00) (the “Salary Compensation”), which Employer’s President or the Board may elect to adjust, in their sole discretion and without any requirement that they do so, on each anniversary of the date first written above. Xxxxxx’x The Salary Compensation shall be payable in equal periodic installments according to Employer’s customary payroll practices, but no less frequently than bi-monthly. During the term of his employment as defined herein, Xxxxxx Xxxxxxx shall also be entitled to an annual target bonus of 3550% of the then annual salary. Such bonus shall be based upon the achievement of performance criteria established by the Company Employer and to be awarded at the discretion of the CompanyEmployer’s President or Board of Directorsthe Board.
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