Common use of Base Salary Clause in Contracts

Base Salary. In consideration of the services to be rendered as provided in Section 1, the Company hereby agrees to pay the Executive an annual base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”). The Executive's Base Salary shall be subject to annual review by the Board of Directors of the Company (the “BOD”).

Appears in 4 contracts

Sources: Employment Agreement (Voiceserve Inc), Employment Agreement (Voiceserve Inc), Employment Agreement (Voiceserve Inc)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Term, the Company hereby agrees shall pay to pay the Executive an annual a base salary of $240,000 payable in equal weekly installments in accordance with 400,001 annually, which shall be subject to review and, at the usual practice option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Executive's Base Salary shall be subject to reviewed on an annual basis for increases in accordance with the review by the Board of Directors process for senior level executives of the Company (Company. The Base Salary shall be payable in accordance with the “BOD”)Company’s normal payroll practices.

Appears in 4 contracts

Sources: Employment Agreement (Covetrus, Inc.), Employment Agreement (Covetrus, Inc.), Employment Agreement (HS Spinco, Inc.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Term, the Company hereby agrees to will pay the Executive an annual a base salary at the rate of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company 291,750 per annum, less customary withholdings and deductions (the “Base Salary”)) payable in accordance with the payroll procedures for the Company’s salaried employees in effect during the Term. The Executive's Beginning in January 2007 and annually thereafter, the Base Salary shall be subject to annual review and possible increase by the Board of Directors Directors, but it shall not be decreased during the Term of the Company (the “BOD”)this Agreement.

Appears in 4 contracts

Sources: Employment Agreement (TNS Inc), Employment Agreement (TNS Inc), Employment Agreement (TNS Inc)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees to shall pay the Executive an annual a base salary at the annual rate of $240,000 321,000 (“Base Salary”), payable in equal weekly regular installments in accordance with the usual practice of the Company (the “Base Salary”)Company’s customary payment practices. The Executive's Base Salary shall be subject to annual review by the Board of Directors or the Compensation Committee (or similar committee) of the Company whereupon the Base Salary may be increased (the “BOD”)but not decreased) at their sole discretion.

Appears in 4 contracts

Sources: Employment Agreement, Employment Agreement (Exela Technologies, Inc.), Employment Agreement (Banctec Inc)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees to shall pay the Executive an annual a base salary at the annual rate of not less than $240,000 330,000. Base salary shall be payable in equal weekly installments in accordance with the usual practice payroll practices of the Company (the “Base Salary”)Company. The Executive's Base Salary ’s base salary shall be subject to annual review by the Board or the Compensation Committee during the Employment Term and may be increased, but not decreased, from time to time by the Board or the Compensation Committee. The base salary as determined as aforesaid from time to time shall constitute “Base Salary” for purposes of Directors of the Company (the “BOD”)this Agreement.

Appears in 3 contracts

Sources: Employment Agreement (Priceline Group Inc.), Employment Agreement (Priceline Com Inc), Employment Agreement (Priceline Com Inc)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees to shall pay the Executive an annual a base salary at the annual rate of $240,000 258,000 (“Base Salary”), payable in equal weekly regular installments in accordance with the usual practice of the Company (the “Base Salary”)Company’s customary payment practices. The Executive's Base Salary shall be subject to annual review by the Board of Directors or the Compensation Committee (or similar committee) of the Company whereupon the Base Salary may be increased (the “BOD”)but not decreased) at their sole discretion.

Appears in 3 contracts

Sources: Employment Agreement, Employment Agreement (Exela Technologies, Inc.), Employment Agreement (Banctec Inc)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Period, the Company hereby agrees shall pay to pay the Executive an annual a base salary at the rate of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company 1,500,000 per annum (the “Base Salary”), payable semi-monthly in accordance with the Company’s executive payroll policy. The Executive's Such Base Salary shall be reviewed annually on the Company’s regular executive salary review schedule, and shall be subject to annual review by adjustment at the Board of Directors discretion of the Company (the “BOD”)Board.

Appears in 3 contracts

Sources: Employment Agreement (Aon PLC), Employment Agreement (Aon Corp), Employment Agreement (Aon Corp)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees to shall pay the Executive an annual base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”). The Executive's Base Salary shall be ) at an annual rate of $450,000, less applicable withholdings and deductions, payable in regular installments in accordance with the Company’s or the Employer’s usual payment practices and subject to annual review by the Board of Directors or the compensation committee of the Company Board (the “BODCompensation Committee”).

Appears in 3 contracts

Sources: Employment Agreement (Arxis, Inc.), Employment Agreement (Arxis, Inc.), Employment Agreement (Arxis, Inc.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Term, the Company hereby agrees shall pay to pay the Executive an annual a base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”)) at the rate of no less than $400,000.00 per calendar year, less applicable deductions. The Executive's Base Salary shall be subject to annual review reviewed for increase by the Board of Directors no less frequently than annually and shall be increased in the discretion of the Company (Board and any such adjusted Base Salary shall constitute the “BOD”)Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the Company’s regular payroll procedures.

Appears in 3 contracts

Sources: Employment Agreement (Masonite International Corp), Employment Agreement (Masonite International Corp), Employment Agreement (Masonite International Corp)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees to shall pay the Executive an annual base salary (the "Base Salary") at the annual rate no less than the rate of $240,000 base salary in effect as of the Effective Date. Base Salary shall be payable in equal weekly regular installments in accordance with the Company's usual practice payroll practices. The Management Compensation Committee of the Company Board (the “Base Salary”). The Executive's "Compensation Committee") shall review Base Salary shall be subject to annual for the purpose of increasing it in accordance with its normal review by the Board of Directors of the Company (the “BOD”)procedures.

Appears in 3 contracts

Sources: Employment Agreement (Nasdaq Stock Market Inc), Employment Agreement (Nasdaq Stock Market Inc), Employment Agreement (Nasdaq Stock Market Inc)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees to shall pay the Executive an annual a base salary (“Base Salary”) at the annual rate of $240,000 1,021,199.82, payable in equal weekly regular installments in accordance with the Company’s usual practice of the Company (the “Base Salary”)payment practices. The Executive's ’s Base Salary shall be subject to annual review by and subject to increase, if any, as may be determined from time to time in the Board of Directors sole discretion of the Board, but in no event shall the Company (the “BOD”)be entitled to reduce Executive’s Base Salary.

Appears in 3 contracts

Sources: Employment Agreement (Ap Al LLC), Employment Agreement (APX Group Holdings, Inc.), Employment Agreement (APX Group Holdings, Inc.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees to shall pay the Executive an annual a base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company per annum (the “Base Salary”), in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive's Base Salary shall be subject to annual review reviewed at least annually by the Board of Directors of and the Company (Board may, but shall not be required to, increase the “BOD”)base salary during the Employment Term.

Appears in 3 contracts

Sources: Employment Agreement (Classover Holdings, Inc.), Employment Agreement (Classover Holdings, Inc.), Employment Agreement (Classover Holdings, Inc.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Period, the Company hereby agrees shall pay to pay Executive a base compensation (“Base Salary”) in the Executive an annual base salary amount of One Hundred Seventy Three Thousand Dollars ($240,000 173,000) per annum, payable in equal weekly periodic installments in accordance with the usual practice of the Company (the “Base Salary”)Company’s customary payroll practices in effect from time to time. The Executive's ’s Base Salary shall be subject to annual all applicable withholdings and deductions. Executive’s Base Salary shall be subject to review by the Board of Directors of the Company (the “BOD”)no less frequently than annually.

Appears in 3 contracts

Sources: Employment Agreement (Direct Communication Solutions, Inc.), Employment Agreement (Direct Communication Solutions, Inc.), Employment Agreement (Direct Communication Solutions, Inc.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Term, the Company hereby agrees to shall pay the Executive an annual a base salary (“Base Salary”), at the annual rate of $240,000 payable 350,000, as the same may be increased by the Board thereafter pursuant to the Company’s normal practices for its executives, which shall be paid in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”). The Executive's Base Salary shall be subject to annual review by the Board of Directors of the Company (the “BOD”)Company’s normal payroll practices.

Appears in 3 contracts

Sources: Employment Agreement (NewLake Capital Partners, Inc.), Employment Agreement (NewLake Capital Partners, Inc.), Employment Agreement (NewLake Capital Partners, Inc.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Period, the Company hereby agrees shall pay to pay Executive a base compensation (“Base Salary”) in the Executive an annual base salary amount of One Hundred Eighty Two Thousand Five Hundred Dollars ($240,000 182,500) per annum, payable in equal weekly periodic installments in accordance with the usual practice of the Company (the “Base Salary”)Company’s customary payroll practices in effect from time to time. The Executive's ’s Base Salary shall be subject to annual all applicable withholdings and deductions. Executive’s Base Salary shall be subject to review by the Board of Directors of the Company (the “BOD”)no less frequently than annually.

Appears in 3 contracts

Sources: Employment Agreement (Direct Communication Solutions, Inc.), Employment Agreement (Direct Communication Solutions, Inc.), Employment Agreement (Direct Communication Solutions, Inc.)

Base Salary. In During the Employment Term, in full consideration of the performance by the Executive of the Executive’s obligations hereunder (including any services to be rendered as provided in Section 1an officer, director, employee, or member of any committee of any affiliate of the Company, or otherwise on behalf of the Company), the Executive shall receive from the Company hereby agrees to pay the Executive an annual a base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”). The Executive's Base Salary shall be subject to ) at an annual review by rate of $600,000 per year, payable in accordance with the Board of Directors normal payroll practices of the Company (the “BOD”)then in effect.

Appears in 3 contracts

Sources: Employment Agreement (Third Point Reinsurance Ltd.), Employment Agreement (Third Point Reinsurance Ltd.), Employment Agreement (Third Point Reinsurance Ltd.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Term, the Company hereby agrees to shall pay the Executive a base salary (the "Base Salary") at an annual base salary rate of not less than $240,000 600,000. The Base Salary shall be payable in equal weekly regular payroll installments in accordance with the usual practice of the Company Company's payroll practices as in effect from time to time (the “Base Salary”but no less frequently than monthly). The Executive's Management Compensation Committee of the Board (the "Compensation Committee") shall review the Base Salary at least annually and may (but shall be subject to annual review by under no obligation to) increase (but not decrease) the Board Base Salary on the basis of Directors of the Company (the “BOD”)such review.

Appears in 2 contracts

Sources: Employment Agreement (Nasdaq, Inc.), Employment Agreement (Nasdaq Omx Group, Inc.)

Base Salary. In consideration During the Employment Term and as of the services to be rendered as provided in Section 1Restatement Date, the Company hereby agrees to shall pay the Executive an annual a base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”)) at the annual rate of $250,000, payable in regular installments in accordance with the Company’s usual payment practices. The Executive's Base Salary Executive shall be subject entitled to annual review by reviews. Increases in Executive’s Base Salary, if any, may be determined in the Board of Directors sole discretion of the Company board of directors of KRATON (the “BODBoard”).

Appears in 2 contracts

Sources: Employment Agreement, Employment Agreement (Kraton Polymers LLC)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees to shall pay the Executive an annual base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”)) of $260,000, payable in regular installments in accordance with the Company’s usual payroll practices. The Executive's Base Salary shall may, in the Company’s discretion, be subject to annual review by the Board of Directors of the Company (the “BOD”)upwardly adjusted and may not be decreased after such adjustment.

Appears in 2 contracts

Sources: Employment Agreement, Employment Agreement (Interline Brands, Inc./De)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees to shall pay the Executive an annual a base salary at the annual rate of $240,000 payable in equal weekly installments in accordance with the usual practice of $ per year or such higher rate as may be determined from time to time by the Company (the “Base Salary”). The Executive's Such Base Salary shall be subject to annual review by paid in accordance with the Board of Directors of the Company (the “BOD”)Company’s standard payroll practice for executives.

Appears in 2 contracts

Sources: Employment Agreement (Vericity, Inc.), Employment Agreement (Vericity, Inc.)

Base Salary. In consideration During the Employment Term, and as of the services to be rendered as provided in Section 1Restatement Date, the Company hereby agrees to shall pay the Executive an annual a base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”)) at the annual rate of $425,000, payable in regular installments in accordance with the Company’s usual payment practices. The Executive's Base Salary Executive shall be subject entitled to annual review by reviews and increases in Executive’s Base Salary, if any, as may be determined in the Board of Directors sole discretion of the Company board of directors of KRATON (the “BODBoard”).

Appears in 2 contracts

Sources: Employment Agreement (Polymer Holdings LLC), Employment Agreement (Kraton Polymers LLC)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees to shall pay the Executive an annual a base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”)) at the annual rate of $200,000, payable in regular installments in accordance with the Company’s usual payment practices. The Executive's Base Salary Executive shall be subject entitled to annual review by reviews and increases in Executive’s Base Salary, if any, as may be determined in the Board of Directors sole discretion of the Company (the “BOD”)Board.

Appears in 2 contracts

Sources: Employment Agreement (Elastomers Holdings LLC), Employment Agreement (Kraton Polymers LLC)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees to shall pay the Executive an annual a base salary at the annual rate of $240,000 450,000 payable in equal weekly regular installments in accordance with the Company’s usual practice of the Company (payroll practices. The Board shall review Executive’s base salary at least once per annum, and Executive’s annual base salary, as in effect from time to time, shall hereinafter be referred to as the “Base Salary”). The Executive's Base Salary shall be subject to annual review by the Board of Directors of the Company (the “BOD”).

Appears in 2 contracts

Sources: Employment Agreement (Getty Images Holdings, Inc.), Employment Agreement (Getty Images Holdings, Inc.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees shall pay to pay the Executive an annual a base salary of not less than $240,000 payable in equal weekly installments in accordance with the usual practice of the Company 665,000 per annum (the “Base Salary”). The Board shall review Executive's ’s Base Salary shall be subject to annual review by the Board of Directors annually (after approval of the Company (forthcoming year’s budget and receipt of the “BOD”)prior year’s financial statements) and increase it by an amount no less than the increase in the consumer price index for the Washington, D.C. metropolitan area from the immediately preceding year.

Appears in 2 contracts

Sources: Employment Agreement (Strayer Education Inc), Employment Agreement (Strayer Education Inc)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Term, the Company hereby agrees shall pay to pay the Executive an annual a base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”)) at the rate of no less than $450,000 per calendar year, less applicable deductions. The Executive's Base Salary shall be subject to annual review reviewed for increase by the Board of Directors no less frequently than annually and shall be increased in the discretion of the Company (Board and any such adjusted Base Salary shall constitute the “BOD”)Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the Company’s regular payroll procedures.

Appears in 2 contracts

Sources: Employment Agreement (Masonite International Corp), Employment Agreement (Masonite International Corp)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees to shall pay the Executive an annual a base salary (“Base Salary”) at the annual rate of $240,000 1,021,200, payable in equal weekly regular installments in accordance with the Company’s usual practice of the Company (the “Base Salary”)payment practices. The Executive's ’s Base Salary shall be subject to annual review by and subject to increase, if any, as may be determined from time to time in the sole discretion of the Board of Directors or the Compensation Committee of the Board, but in no event shall the Company (the “BOD”)reduce Executive’s Base Salary.

Appears in 2 contracts

Sources: Employment Agreement (Vivint Smart Home, Inc.), Employment Agreement (Vivint Smart Home, Inc.)

Base Salary. In consideration of the services to be rendered as provided in Section 1, the The Company hereby agrees to shall pay the Executive an annual a base salary (the "Base Salary") during the period of the Executive's employment hereunder, which shall be at an initial rate of Two Hundred and Seventy-One Thousand Dollars ($240,000 payable in equal weekly installments 271,000.00) per annum. The Base Salary shall be paid in accordance with the usual practice of the Company (the “Base Salary”)Company's standard payroll practices. The Executive's Base Salary shall be subject to reviewed for possible increase on an annual review by basis and shall not be decreased during the Board of Directors of the Company (the “BOD”)Term.

Appears in 2 contracts

Sources: Employment Agreement (Avangrid, Inc.), Severance Agreement (Avangrid, Inc.)

Base Salary. In consideration of the services to be rendered as provided in Section 1, the The Company hereby agrees to shall pay the Executive an annual a base salary of $240,000 during the Term, payable in equal weekly installments in accordance with the usual practice normal payment procedures of the Company (Company, at the “Base Salary”)rate of $508,500 per annum. The Executive's Base Salary shall be subject to annual review by the Board of Directors of Parent and the Company (agree to review such compensation not less frequently than annually during the “BOD”)Term.

Appears in 2 contracts

Sources: Employment Agreement (Simon Property Group L P /De/), Employment Agreement (SPG Realty Consultants Inc)

Base Salary. In consideration As compensation for the performance by the Executive of his obligations hereunder, during the services to be rendered as provided in Section 1Employment Period, the Company hereby agrees to shall pay the Executive a base salary at an annual base salary rate of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company 600,000 (the “Base Salary”). The Executive's Base Salary shall be subject to payable in accordance with the Company’s regularly established payroll practice. The Board shall conduct an annual review by the Board of Directors of the Company Base Salary and may increase (the “BOD”)but not decrease) such Base Salary in its sole discretion.

Appears in 2 contracts

Sources: Employment Agreement (Fresenius Kabi Pharmaceuticals Holding, Inc.), Employment Agreement (Fresenius Kabi Pharmaceuticals Holding, Inc.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Term, the Company hereby agrees shall pay to pay the Executive an annual base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”). The Executive's Base Salary shall be ) of at least $358,829, less applicable and authorized deductions, subject to annual review annually for appropriate increases by the Chief Executive Officer and the Board of Directors of the Company (the “BODBoard”)) pursuant to the normal performance review policy for senior level executives. The Base Salary shall be payable in accordance with the Company’s payroll schedule.

Appears in 2 contracts

Sources: Employment Agreement (Valeritas Holdings Inc.), Employment Agreement (Valeritas Inc)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Term, the Company hereby agrees to shall pay the Executive an annual base salary ("Base Salary") of US $240,000 275,000, payable at the times and in equal weekly installments in accordance the manner consistent with the usual practice Company's policies regarding compensation of executive employees. The Company agrees to review such compensation not less frequently than annually during the Company (Term. Once increased, the “Base Salary may not be decreased. The Base Salary as increased from time to time shall be referred to herein as "Base Salary”). The Executive's Base Salary shall be subject to annual review by the Board of Directors of the Company (the “BOD”)".

Appears in 2 contracts

Sources: Employment Agreement (Scottish Re Group LTD), Employment Agreement (Scottish Annuity & Life Holdings LTD)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Term, the Company hereby agrees to shall pay the Executive an annual base salary of $240,000 payable in equal weekly installments in accordance with to be determined by the usual practice of Board or the Company Compensation Committee thereof (the “Base Salary”). The Executive's Base Salary shall be subject to annual review by the Board of Directors of the Company (the “BOD”).

Appears in 2 contracts

Sources: Executive Employment Agreement (Affiliated Computer Services Inc), Executive Employment Agreement (Affiliated Computer Services Inc)

Base Salary. In consideration During the Period of the services to be rendered as provided in Section 1Employment, the Company hereby agrees to will pay the Executive a base salary at an annual base salary rate equal to one million thirty thousand dollars ($1,030,000.00) effective on the Effective Date, subject to such annual increases as the Company’s Board of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company Directors’ Compensation Committee (the “Committee”) deems appropriate in its sole discretion (“Base Salary”). The Executive's Base Salary shall will be subject payable according to annual review by the Board of Directors customary payroll practices of the Company (the “BOD”)Company.

Appears in 2 contracts

Sources: Employment Agreement (Wyndham Hotels & Resorts, Inc.), Employment Agreement (Wyndham Hotels & Resorts, Inc.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees to shall pay the Executive an annual a base salary of $240,000 salary, payable in equal weekly installments in accordance with the usual practice Company payroll procedures, at an annual rate of the Company (the “Base Salary”). The Executive's Base Salary shall be $350,000, subject to annual review by the Board of Directors of the Company (the “BOD”)Board.

Appears in 2 contracts

Sources: Employment Agreement (Hillman Companies Inc), Employment Agreement (Hillman Companies Inc)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees to shall pay the Executive an annual a base salary (“Base Salary”) at the annual rate of $240,000 530,450, payable in equal weekly regular installments in accordance with the Company’s usual practice of the Company (the “Base Salary”)payment practices. The Executive's ’s Base Salary shall be subject to annual review by and subject to increase, if any, as may be determined from time to time in the sole discretion of the Board or the Compensation Committee of Directors any direct or indirect parent of the Company, but in no event shall the Company (the “BOD”)be entitled to reduce Executive’s Base Salary.

Appears in 2 contracts

Sources: Employment Agreement (APX Group Holdings, Inc.), Employment Agreement (APX Group Holdings, Inc.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees to shall pay the Executive an annual a base salary at the annual rate of $240,000 265,000 (“Base Salary”), payable in equal weekly regular installments in accordance with the usual practice of the Company (the “Base Salary”)Company’s customary payment practices. The Executive's Base Salary shall be subject to annual review by the Board of Directors or the Compensation Committee (or similar committee) of the Company whereupon the Base Salary may be increased (the “BOD”)but not decreased) at their sole discretion.

Appears in 2 contracts

Sources: Employment Agreement (Banctec Inc), Employment Agreement (Banctec Inc)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees to shall pay the Executive an annual a base salary (the Base Salary”) at the annual rate of $240,000 1,500,000, payable in equal weekly regular installments in accordance with the Company’s usual practice of the Company (the “Base Salary”)payment practices. The Executive's ’s Base Salary shall be subject to annual review reviewed by the Board following the completion of Directors each consecutive 12-month period of the Company Initial Term and subject to increase, if any, as may be determined from time to time in the sole discretion of the Board (the with such increased amount, if any, constituting “BOD”Base Salary” for purposes of this Agreement).

Appears in 2 contracts

Sources: Employment Agreement (Ami Celebrity Publications, LLC), Employment Agreement (Ami Celebrity Publications, LLC)

Base Salary. In consideration During the Employment Term, and as of the services to be rendered as provided in Section 1Restatement Date, the Company hereby agrees to shall pay the Executive an annual a base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”)) at the annual rate of $250,000, payable in regular installments in accordance with the Company’s usual payment practices. The Executive's Base Salary Executive shall be subject entitled to annual review by reviews and increases in Executive’s Base Salary, if any, as may be determined in the Board of Directors sole discretion of the Company (the “BOD”)Board.

Appears in 2 contracts

Sources: Employment Agreement (Kraton Polymers LLC), Employment Agreement (Polymer Holdings LLC)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Period, the Company hereby agrees to shall pay the Executive an annual base salary of $240,000 payable in equal weekly installments 325,000 per year, which shall be paid to Executive in accordance with the usual practice of Company’s standard payroll practices, as in effect from time to time (such base salary, as may be increased pursuant to the Company (following sentence, the “Base Salary”). The Executive's Base Salary shall be subject to annual review reviewed annually for increase as determined by the Board of Directors of or the Company (the “BOD”)Compensation Committee thereof in its sole discretion.

Appears in 2 contracts

Sources: Employment Agreement (Chanticleer Holdings, Inc.), Employment Agreement (Chanticleer Holdings, Inc.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Term, the Company hereby agrees shall pay to pay the Executive an annual a base salary of $240,000 payable in equal weekly installments in accordance with 450,000 annually, which shall be subject to review and, at the usual practice option of the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Executive's Base Salary shall be subject to reviewed on an annual basis for increases in accordance with the review by the Board of Directors process for senior level executives of the Company (Company. The Base Salary shall be payable in accordance with the “BOD”)Company’s normal payroll practices.

Appears in 2 contracts

Sources: Employment Agreement (Covetrus, Inc.), Employment Agreement (HS Spinco, Inc.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Period, the Company hereby agrees to will pay the Executive an annual a base salary at the annual rate of $240,000 payable in equal weekly installments in accordance with 300,000, which amount will be reviewed annually and subject to adjustment at the usual practice good faith discretion of the Company Board (or the Compensation Committee of the Board (the “Compensation Committee”)), including without limitation, discretionary cost of living adjustments (as adjusted from time to time, the “Base Salary”). The Executive's Base Salary shall will be subject payable in substantially equal installments in accordance with the Company’s payroll practices as in effect from time to annual review by the Board of Directors of the Company (the “BOD”)time.

Appears in 2 contracts

Sources: Employment Agreement (Sulphco Inc), Employment Agreement (Sulphco Inc)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Term, the Company hereby agrees to shall pay the Executive an annual a base salary at the annual rate of not less than $240,000 230,000. Base salary shall be payable in equal weekly installments in accordance with the usual practice payroll practices of the Company (the “Base Salary”)Company. The Executive's Base Salary base salary shall be subject to annual review by the Board or the Company's Compensation Committee ("Compensation Committee) during the Term and may be increased, but not decreased, from time to time by the Board or the Compensation Committee. The base salary as determined as aforesaid from time to time shall constitute "Base Salary" for purposes of Directors of the Company (the “BOD”)this Agreement.

Appears in 2 contracts

Sources: Employment Agreement (Modtech Holdings Inc), Employment Agreement (Modtech Holdings Inc)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees shall pay to pay the Executive an annual base a salary of $240,000 550,000.00 per annum, payable in equal weekly installments in accordance consistent with the usual practice of the Company Company’s standard payroll practices then in effect (the “Base Salary”). The Executive's Such Base Salary shall be subject to annual review reviewed by the Compensation Committee of Advance’s Board of Directors of the Company (hereinafter the “BODCompensation Committee”)) at least annually, with any changes taking into account, among other factors, Company and individual performance.

Appears in 2 contracts

Sources: Employment Agreement (Advance Auto Parts Inc), Employment Agreement (Advance Auto Parts Inc)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees to shall pay the Executive an annual a base salary (“Base Salary”) at the annual rate of $240,000 655,636, payable in equal weekly regular installments in accordance with the Company’s usual practice of the Company (the “Base Salary”)payment practices. The Executive's ’s Base Salary shall be subject to annual review by and subject to increase, if any, as may be determined from time to time in the sole discretion of the Board of Directors or the Compensation Committee of the Board, but in no event shall the Company (the “BOD”)be entitled to reduce Executive’s Base Salary.

Appears in 2 contracts

Sources: Employment Agreement (Ap Al LLC), Employment Agreement (Ap Al LLC)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Term, the Company hereby agrees to will pay the Executive an annual a base salary in the amount of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company £385,000 per annum (the “Base Salary”), payable in such installments as the Company pays other similarly situated individuals. The Executive's Base Salary shall will be subject to annual review annually reviewed for increase (but not decrease) by the Compensation Committee of the Board of Directors of the Company (the “BODCompensation Committee”)) during the Term.

Appears in 2 contracts

Sources: Employment Agreement (Perella Weinberg Partners), Employment Agreement (Perella Weinberg Partners)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Term, the Company hereby agrees to shall pay the Executive an annual a base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”). The Executive's Base Salary ) at the annualized rate of $395,000, which shall be subject to annual review by customary withholdings and authorized deductions and be payable in equal installments in accordance with the Company’s customary payroll practices in place from time to time. The Executive’s Base salary shall be subject to periodic adjustments as the Board of Directors and/or the Compensation Committee of the Company Board (the “BODCompensation Committee”)) shall in its/their discretion deem appropriate.

Appears in 2 contracts

Sources: Employment Agreement, Employment Agreement (Provention Bio, Inc.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Period, the Company hereby agrees to will pay the Executive an annual a base salary at the annual rate of $240,000 payable in equal weekly installments in accordance with 250,000, which amount will be reviewed annually and subject to adjustment at the usual practice good faith discretion of the Company Board (or the Compensation Committee of the Board (the “Compensation Committee”)), including without limitation, discretionary cost of living adjustments (as adjusted from time to time, the “Base Salary”). The Executive's Base Salary shall will be subject payable in substantially equal installments in accordance with the Company’s payroll practices as in effect from time to annual review by the Board of Directors of the Company (the “BOD”)time.

Appears in 2 contracts

Sources: Employment Agreement (Sulphco Inc), Employment Agreement (Sulphco Inc)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Period, the Company hereby agrees shall pay to pay the Executive an annual a base salary at a rate of not less than $240,000 payable in equal weekly installments in accordance with the usual practice of the Company 1,250,000 per annum (the “Base Salary”), payable semi-monthly in accordance with the Company’s executive payroll policy. The Executive's Such Base Salary shall be reviewed annually on the Company’s regular executive salary review schedule and shall be subject to annual review by adjustment at the discretion of the CEO and the Organization and Compensation Committee of the Board of Directors of the Company Aon plc (the “BODBoard”).

Appears in 2 contracts

Sources: Employment Agreement (Aon PLC), Employment Agreement (Aon PLC)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Term, the Company hereby agrees shall pay to pay the Executive an annual base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”). The Executive's Base Salary shall be ) of at least $260,000.00 less applicable and authorized deductions, subject to annual review annually for appropriate increases by the Chief Executive Officer and the Board of Directors of the Company (the “BODBoard”)) pursuant to the normal performance review policy for senior level executives. The Base Salary shall be payable in accordance with the Company’s payroll schedule.

Appears in 2 contracts

Sources: Employment Agreement (Valeritas Holdings Inc.), Employment Agreement (Valeritas Holdings Inc.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Term, the Company hereby agrees to shall pay the Executive an annual a base salary at the annual rate of $240,000 payable in equal weekly installments 305,000 (the “Annual Base Salary”) to be paid evenly over the course of the year in accordance with the usual practice of Company’s standard payroll policies. During the Company (Term, the “Base Salary”). The Executive's Annual Base Salary shall will not be subject to annual review by the Board of Directors of the Company (the “BOD”)increased or decreased.

Appears in 2 contracts

Sources: Employment Agreement (Spark Networks Inc), Employment Agreement (Spark Networks SE)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees to shall pay the Executive an annual a base salary at the annual rate of $240,000 payable in equal weekly installments 300,000 per year or such higher rate as may be determined from time to time by the Board ("Base Salary"). Such Base Salary shall be paid in accordance with the usual Company's standard payroll practice of the Company (the “Base Salary”). The Executive's Base Salary shall be subject to annual review by the Board of Directors of the Company (the “BOD”)for senior executives.

Appears in 2 contracts

Sources: Employment Agreement (Ogden Corp), Employment Agreement (Ogden Corp)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees to will pay the Executive an annual Executive, a base salary at the rate of $240,000 payable in equal weekly installments 300,000 per year (the "Base Salary"), subject to periodic review and modification, solely at the Company's discretion. The Base Salary will be paid periodically in accordance with the usual practice of the Company (the “Base Salary”). The ExecutiveCompany's Base Salary shall be subject to annual review by the Board of Directors of the Company (the “BOD”)normal employee payroll practices.

Appears in 2 contracts

Sources: Employment Agreement (Orbitz Inc), Employment Agreement (Orbitz Inc)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees to will pay the Executive an annual a base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”)) at an annual rate of $400,000, in accordance with the Company’s regular payroll practices. The Executive's Base Salary shall be is subject to annual review by the Board of Directors of the Company (the “BOD”or a committee thereof), in its sole discretion, and may be adjusted, from time to time.

Appears in 2 contracts

Sources: Employment Agreement (Verde Clean Fuels, Inc.), Employment Agreement (Verde Clean Fuels, Inc.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Period, the Company hereby agrees shall pay to pay the Executive an annual base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “"Base Salary”)") at the rate of $ 600,000 per year. The Executive's Base Salary shall be subject to annual review by reviewed no less frequently than annually and may be increased at the Board of Directors discretion of the Company (Board. The Base Salary shall be payable semi-monthly or in such other installments as shall be consistent with the “BOD”)Company's payroll procedures.

Appears in 2 contracts

Sources: Employment Agreement (S1 Corp /De/), Employment Agreement (S1 Corp /De/)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Term, the Company hereby agrees to shall pay the Executive an annual a base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”). The Executive's Base Salary ) at the annualized rate of $155,000, which shall be subject to annual customary withholdings and authorized deductions and be payable in equal installments in accordance with the Company’s customary payroll practices in place from time to time. The Executive’s Base salary shall be subject to periodic review by the Board of Directors of and adjustment as the Company (the “BOD”)shall in its discretion deem appropriate.

Appears in 2 contracts

Sources: Employment Agreement (Dermata Therapeutics, Inc.), Employment Agreement (Dermata Therapeutics, Inc.)

Base Salary. In consideration During the Employment Term, and as of the services to be rendered as provided in Section 1Restatement Date, the Company hereby agrees to shall pay the Executive an annual a base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”)) at the annual rate of $375,000, payable in regular installments in accordance with the Company’s usual payment practices. The Executive's Base Salary Executive shall be subject entitled to annual review by reviews and increases in Executive’s Base Salary, if any, as may be determined in the Board of Directors sole discretion of the Company board of directors of KRATON (the “BODBoard”).

Appears in 2 contracts

Sources: Employment Agreement (Polymer Holdings LLC), Employment Agreement (Kraton Polymers LLC)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Term, the Company hereby agrees to shall pay the Executive an annual a base salary (“Base Salary”), at the annual rate of $240,000 payable 445,050, which shall be paid in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”)Company’s normal payroll practices. The Executive's ’s Base Salary shall be subject to annual review reviewed annually by the Compensation Committee (the “Compensation Committee”) of the Board of Directors of the Company (the “BODParent Board”) of enGene Holdings Inc. (“Parent”), and may be increased, but not decreased.

Appears in 2 contracts

Sources: Employment Agreement (enGene Holdings Inc.), Employment Agreement (enGene Holdings Inc.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Term, the Company hereby agrees to Employer shall pay the Executive an annual base salary of $240,000 250,000.00 payable in equal weekly installments in accordance with the usual practice of the Company Employer’s customary payroll procedures (the “Base Salary”). The Executive's Base Salary shall be reviewed on an annual basis by the CEO. All compensation payable to the Executive from the Employer or its affiliates shall be subject to annual review all applicable withholding taxes, normal payroll withholding and any other amounts required by law or the Board terms of Directors of the Company (the “BOD”)any applicable benefit plan or program to be withheld.

Appears in 2 contracts

Sources: Employment Agreement (Selway Capital Acquisition Corp.), Employment Agreement (Selway Capital Acquisition Corp.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees to shall pay the Executive an annual a base salary (“Base Salary”) at the annual rate of $240,000 515,000, payable in equal weekly regular installments in accordance with the Company’s usual practice of the Company (the “Base Salary”)payment practices. The Executive's ’s Base Salary shall be subject to annual review by and subject to increase, if any, as may be determined from time to time in the sole discretion of the Board or the Compensation Committee of Directors any direct or indirect parent of the Company, but in no event shall the Company (the “BOD”)be entitled to reduce Executive’s Base Salary.

Appears in 2 contracts

Sources: Employment Agreement (APX Group Holdings, Inc.), Employment Agreement (APX Group Holdings, Inc.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Term, the Company hereby agrees to will pay the Executive an annual a base salary in the amount of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company 635,000 per annum (the “Base Salary”), payable in such installments as the Company pays other similarly-situated officers of the Company. The Executive's Base Salary shall will be subject to annual review annually reviewed and may be increased (but not decreased) by the Board of Directors Compensation Committee of the Company Board (the “BODCompensation Committee”)) during the Term.

Appears in 2 contracts

Sources: Employment Agreement (Social Leverage Acquisition Corp I), Employment Agreement (Social Leverage Acquisition Corp I)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees shall pay (or cause to pay the be paid) to Executive an annual a base salary (“Base Salary”) at the annual rate of $240,000 1,100,000, pro-rated for any partial year of employment and payable in equal weekly regular installments in accordance with the usual practice payment practices of the Company (the “Base Salary”)Group. The Executive's ’s Base Salary shall be subject to annual periodic review by for increase, if any, as may be determined from time to time in the sole discretion of the Board of Directors of the Company (the “BOD”)or a committee thereof.

Appears in 2 contracts

Sources: Employment Agreement (Medline Inc.), Employment Agreement (Medline Inc.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees shall pay (or cause to pay the be paid) to Executive an annual a base salary (“Base Salary”) at the annual rate of $240,000 270,400, payable in equal weekly regular installments in accordance with the usual practice payment practices of the Company (the “Base Salary”)Group. The Executive's ’s Base Salary shall be subject to annual review by and subject to increase, but not decrease, as may be determined from time to time in the Board of Directors sole discretion of the Company (the “BOD”)Board.

Appears in 2 contracts

Sources: Employment Agreement (Expion360 Inc.), Employment Agreement (Expion360 Inc.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees to shall pay the Executive an annual a base salary at the annual rate of $240,000 payable in equal weekly installments in accordance with the usual practice of 375,000 per year or such higher rate as may be determined annually by the Company (the “Base Salary”). The Executive's Such Base Salary Salary, less applicable withholdings, shall be subject to annual review by paid in accordance with the Board of Directors of the Company (the “BOD”)Company’s standard payroll practice for executives.

Appears in 2 contracts

Sources: Employment Agreement (Warwick Valley Telephone Co), Employment Agreement (Warwick Valley Telephone Co)

Base Salary. In consideration of the services to be rendered as provided in Section 1, the The Company hereby agrees to shall pay the Executive an annual the base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”)) at the annualized rate of $240,000, which shall be subject to customary withholdings and authorized deductions and shall be payable in equal installments in accordance with the Company’s customary payroll practices in place from time to time. The Executive's ’s Base Salary shall be subject to review on at least an annual review by the Board of Directors of the Company (the “BOD”)basis.

Appears in 2 contracts

Sources: Employment Agreement (Corbus Pharmaceuticals Holdings, Inc.), Employment Agreement (Corbus Pharmaceuticals Holdings, Inc.)

Base Salary. In consideration During the Period of the services to be rendered as provided in Section 1Employment, the Company hereby agrees to shall pay the Executive an annual a base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”), which shall be paid in accordance with the Company’s regular payroll practices in effect from time to time, but not less frequently than monthly. The Executive's ’s Base Salary shall be subject to at an annualized rate of four hundred and ten thousand dollars ($410,000). The Board (or a committee thereof) will review the Executive’s rate of Base Salary on an annual review by basis and may, in its sole discretion, increase (but not decrease) the Board of Directors of the Company (the “BOD”)rate then in effect.

Appears in 2 contracts

Sources: Employment Agreement (Marquee Holdings Inc.), Employment Agreement (Amc Entertainment Inc)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees to shall pay the Executive an annual a base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”)) at the annual rate of $350,000, payable in regular installments in accordance with the Company’s usual payment practices. The Executive's Base Salary Executive shall be subject entitled to annual review by reviews and increases in Executive’s Base Salary, if any, as may be determined in the Board of Directors sole discretion of the Company board of directors of KRATON (the “BODBoard”).

Appears in 2 contracts

Sources: Employment Agreement (Kraton Polymers LLC), Employment Agreement (Kraton Polymers LLC)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees shall pay (or cause to pay the be paid) to Executive an annual a base salary (“Base Salary”) at the annual rate of $240,000 800,000.00, pro-rated for any partial year of employment and payable in equal weekly regular installments in accordance with the usual practice payment practices of the Company (the “Base Salary”)Group. The Executive's ’s Base Salary shall be subject to annual review by change as may be determined from time to time in the Board of Directors of the Company (the “BOD”)Company’s sole discretion.

Appears in 2 contracts

Sources: Employment Agreement (Jersey Mike's Subs Inc.), Employment Agreement (Jersey Mike's Subs Inc.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Term, the Company hereby agrees to will pay the Executive an annual a base salary in the amount of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company 500,000 per annum (the “Base Salary”), payable in such installments as the Company pays other similarly situated individuals. The Executive's Base Salary shall will be subject to annual review annually reviewed for increase (but not decrease) by the Compensation Committee of the Board of Directors of the Company (the “BODCompensation Committee”)) during the Term.

Appears in 2 contracts

Sources: Employment Agreement (Perella Weinberg Partners), Employment Agreement (Perella Weinberg Partners)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees shall pay (or cause to pay the be paid) to Executive an annual a base salary (“Base Salary”) at the annual rate of $240,000 180,000, payable in equal weekly regular installments in accordance with the usual practice payment practices of the Company (the “Base Salary”)Group. The Executive's ’s Base Salary shall be subject to annual review by and subject to increase, but not decrease, as may be determined from time to time in the Board of Directors sole discretion of the Company (the “BOD”)Board.

Appears in 2 contracts

Sources: Employment Agreement (Expion360 Inc.), Employment Agreement (Expion360 Inc.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Term, the Company hereby agrees shall pay to pay the Executive an annual base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”), which shall initially be $200,000. The Executive's Base Salary shall be subject to annual review by the Board of Directors of the Company (the “BODBoard”)) shall review the Executive’s Base Salary no less than annually (at the end of the Company’s compensation year, which shall be its fiscal year) and may increase (but not decrease) such Base Salary during the term of this Agreement.

Appears in 2 contracts

Sources: Employment Agreement (Bluejay Diagnostics, Inc.), Employment Agreement (Bluejay Diagnostics, Inc.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Period, the Company hereby agrees shall pay to pay the Executive an annual a base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”)) at the rate of no less than $360,000 per calendar year, less applicable deductions. The Executive's Base Salary shall be subject to annual review reviewed for increase by the Board of Directors no less frequently than annually and shall be increased in the discretion of the Company (Board and any such adjusted Base Salary shall constitute the “BOD”)Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the Company’s regular payroll procedures.

Appears in 2 contracts

Sources: Employment Agreement (LSB Industries Inc), Employment Agreement (Tronox LTD)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Period, the Company hereby agrees to shall pay the Executive an annual a base salary of $240,000 payable in equal weekly periodic installments in accordance with the usual practice Company’s customary payroll practices. The base salary shall be paid at the annual rate of $375,000 and shall be reviewed no less frequently than annually by the Board of Directors or the Compensation Committee of the Company Board of Directors (the “Compensation Committee”) (such base salary, as it may be increased by the Board of Directors or the Compensation Committee from time to time, the “Base Salary”). The Executive's Base Salary shall be subject to annual review by the Board of Directors of the Company (the “BOD”).

Appears in 2 contracts

Sources: Executive Employment Agreement (Civitas Therapeutics, Inc.), Executive Employment Agreement (Civitas Therapeutics, Inc.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Term, the Company hereby agrees shall pay to pay the Executive an annual a base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”)) at the rate of no less than $335,000 per calendar year, less applicable deductions. The Executive's Base Salary shall be subject to annual review reviewed for increase by the Board of Directors no less frequently than annually and shall be increased in the discretion of the Company (Board and any such adjusted Base Salary shall constitute the “BOD”)Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the Company’s regular payroll procedures.

Appears in 2 contracts

Sources: Employment Agreement (Masonite International Corp), Employment Agreement (Masonite International Corp)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees will pay Executive a monthly salary equal to pay the Executive an annual base monthly salary of $240,000 payable in equal weekly installments in accordance with the usual practice of which the Company had paid Executive immediately prior to the Effective Date (the “Base Salary”). The Executive's Base Salary shall will be paid periodically in accordance with the Company’s normal payroll practices and be subject to annual the usual, required withholding. Executive’s salary will be subject to review, and adjustments will be made based upon the Company’s normal performance review by the Board of Directors of the Company (the “BOD”)practices.

Appears in 2 contracts

Sources: Employment Agreement (Impinj Inc), Employment Agreement (Impinj Inc)

Base Salary. In consideration of the services to be rendered as provided in Section 1, the The Company hereby agrees to shall pay the Executive an annual base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”)) of $240,000 during the Fixed Term, payable in accordance with the standard payroll practices of the Company. The Executive's ’s Base Salary shall be reviewed on or about the commence­ment of the At-Will Term and annually thereafter, at which times it shall be subject to annual review by increase or decrease at the Board of Directors discretion of the Company (the “BOD”)Board.

Appears in 2 contracts

Sources: Employment Agreement (DigitalTown, Inc.), Employment Agreement (DigitalTown, Inc.)

Base Salary. In consideration of the services to be rendered as provided in Section 1, the The Company hereby agrees to shall pay the Executive an annual during the Term a ----------- base salary at the rate of $240,000 payable in equal weekly installments 250,000 per annum (the "Annual Salary"), in accordance with the usual practice customary payroll practices of the Company (the “Base Salary”)applicable to senior executives. The Executive's Base Annual Salary shall be subject to annual review reviewed at least annually by the Board of Directors Compensation Committee of the Company Board (the “BOD”"Compensation Committee"), but shall not be decreased during the Term.

Appears in 2 contracts

Sources: Employment Agreement (Efficient Networks Inc), Employment Agreement (Efficient Networks Inc)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Term, the Company hereby agrees shall pay to pay the Executive an annual a base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”)) at the rate of no less than $400,000 per calendar year, less applicable deductions. The Executive's Base Salary shall be subject to annual review reviewed for increase by the Board of Directors no less frequently than annually and shall be increased in the discretion of the Company (Board and any such adjusted Base Salary shall constitute the “BOD”)Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the Company’s regular payroll procedures.

Appears in 2 contracts

Sources: Employment Agreement (Masonite International Corp), Employment Agreement (Masonite International Corp)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees to shall pay the Executive an annual a base salary (“Base Salary”) at the annual rate of $240,000 500,000, payable in equal weekly regular installments in accordance with the Company’s usual practice of the Company (the “Base Salary”)payment practices. The Executive's ’s Base Salary shall be subject to annual review by and subject to increase, if any, as may be determined from time to time in the Board of Directors sole discretion of the Board, but in no event shall the Company (the “BOD”)be entitled to reduce Executive’s Base Salary.

Appears in 2 contracts

Sources: Employment Agreement (APX Group Holdings, Inc.), Employment Agreement (APX Group Holdings, Inc.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees shall pay (or cause to pay the be paid) to Executive an annual a base salary (“Base Salary”) at the annual rate of $240,000 700,000.00, pro-rated for any partial year of employment and payable in equal weekly regular installments in accordance with the usual practice payment practices of the Company (the “Base Salary”)Group. The Executive's ’s Base Salary shall be subject to annual review by change as may be determined from time to time in the Board of Directors of the Company (the “BOD”)Company’s sole discretion.

Appears in 2 contracts

Sources: Employment Agreement (Jersey Mike's Subs Inc.), Employment Agreement (Jersey Mike's Subs Inc.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees shall pay (or cause to pay the be paid) to Executive an annual a base salary (“Base Salary”) at the annual rate of $240,000 1,100,000, pro-rated for any partial year of employment and payable in equal weekly regular installments in accordance with the usual practice payment practices of the Company (the “Base Salary”)Group. The Executive's ’s Base Salary shall be subject to annual review by change as may be determined from time to time in the Board of Directors of the Company (the “BOD”)Company’s sole discretion.

Appears in 2 contracts

Sources: Employment Agreement (Jersey Mike's Subs Inc.), Employment Agreement (Jersey Mike's Subs Inc.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees to shall pay the Executive an annual a base salary at the annual rate of $240,000 (“Base Salary”), payable in equal weekly regular installments in accordance with the usual practice of the Company (the “Base Salary”)Company’s customary payment practices. The Executive's Base Salary shall be subject to annual review by the Board of Directors or the Compensation Committee (or similar committee) of the Company whereupon the Base Salary may be increased (the “BOD”)but not decreased) at their sole discretion.

Appears in 2 contracts

Sources: Employment Agreement (Banctec Inc), Employment Agreement (Banctec Inc)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Term, the Company hereby agrees shall pay to pay the Executive an annual a base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”)) at the rate of no less than $850,000 per calendar year, less applicable deductions. The Executive's Base Salary shall be subject to annual review reviewed for increase by the Board of Directors no less frequently than annually and shall be increased in the discretion of the Company (Board and any such adjusted Base Salary shall constitute the “BOD”)Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the Company’s regular payroll procedures.

Appears in 2 contracts

Sources: Employment Agreement (Masonite International Corp), Employment Agreement (Masonite International Corp)

Base Salary. In consideration of While employed by the services to be rendered as provided in Section 1Company, the Company hereby agrees to shall pay the Executive an annual as compensation for his services a base salary at the annualized rate of three hundred and fifty thousand dollars ($240,000 payable in equal weekly installments in accordance with the usual practice of the Company 350,000) (the “Base Salary”). The Such salary shall be paid periodically in accordance with normal Company payroll practices and subject to the usual, required withholding. Executive's ’s Base Salary shall be subject to annual review reviewed annually by the Board of Directors Compensation Committee of the Company (the “BOD”)Board for possible adjustments in light of Executive’s performance and competitive data.

Appears in 2 contracts

Sources: Employment Agreement (3PAR Inc.), Employment Agreement (3PAR Inc.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees to shall pay the Executive an annual a base salary at the annual rate of $240,000 325,000 ("Base Salary"), payable in equal weekly regular installments in accordance with the usual practice of the Company (the “Base Salary”)Company's customary payment practices. The Executive's Base Salary shall be subject to annual review by the Board of Directors or the Compensation Committee (or similar committee) of the Company whereupon the Base Salary may be increased (the “BOD”)but not decreased) at their sole discretion.

Appears in 2 contracts

Sources: Employment Agreement (Banctec Inc), Employment Agreement (Banctec Inc)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees shall pay (or cause to pay the be paid) to Executive an annual a base salary (“Base Salary”) at the annual rate of $240,000 $ 1,250,000, pro-rated for any partial year of employment and payable in equal weekly regular installments in accordance with the usual practice payment practices of the Company (the “Base Salary”)Group. The Executive's ’s Base Salary shall be subject to annual periodic review by for increase, if any, as may be determined from time to time in the sole discretion of the Board of Directors of the Company (the “BOD”)or a committee thereof.

Appears in 2 contracts

Sources: Employment Agreement (Medline Inc.), Employment Agreement (Medline Inc.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Term, the Company hereby agrees to will pay the Executive an annual a base salary in the amount of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company 500,000 per annum (the “Base Salary”), payable in such installments as the Company pays other similarly situated individuals. The Executive's Base Salary shall will be subject to annual review annually reviewed for increase (but not decrease) by the Board of Directors Compensation Committee of the Company Board (the “BODCompensation Committee”)) during the Term.

Appears in 2 contracts

Sources: Employment Agreement (Perella Weinberg Partners), Employment Agreement (Perella Weinberg Partners)

Base Salary. In consideration of the services The Company shall pay to be rendered as provided in Section 1, the Company hereby agrees to pay the Executive an annual base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”)) during the Employment Period of $400,000 per annum, payable in installments in accordance with the payroll practices for senior executives of the Company. The Executive's Base Salary shall be subject to an annual review by review, and may be increased, but not decreased, in the sole and absolute discretion of the Board of Directors of or any committee delegated such responsibility. Upon any such increase the Company (the term “BOD”)Base Salary” shall mean such increased amount.

Appears in 2 contracts

Sources: Employment Agreement (Nationsrent Companies Inc), Employment Agreement (Nationsrent Companies Inc)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees to shall pay the Executive an annual a base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”)) at the annual rate of $220,000, payable in regular installments in accordance with the Company’s usual payment practices. The Executive's Base Salary Executive shall be subject entitled to annual review by reviews and increases in Executive’s Base Salary, if any, as may be determined in the Board of Directors sole discretion of the Company (the “BOD”)Board.

Appears in 2 contracts

Sources: Employment Agreement (Kraton Polymers LLC), Employment Agreement (Kraton Polymers LLC)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Term, the Company hereby agrees to shall pay the Executive an annual a base salary (as may be adjusted, the “Base Salary”) at the annual rate of $240,000 500,000 payable in equal weekly regular installments in accordance with the usual practice of the Company (the “Base Salary”)Policies. The Executive's Board shall review the Base Salary shall be subject to annual review by the Board of Directors of the Company (the “BOD”)annually.

Appears in 2 contracts

Sources: Employment Agreement (Meta Materials Inc.), Employment Agreement (Meta Materials Inc.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees to shall pay the Executive an annual a base salary (“Base Salary”) at the annual rate of $240,000 600,000, payable in equal weekly regular installments in accordance with the Company’s usual practice of the Company (the “Base Salary”)payment practices. The Executive's ’s Base Salary shall be subject to annual review by and subject to increase, if any, as may be determined from time to time in the sole discretion of the Board of Directors or the Compensation Committee of the Board, but in no event shall the Company (the “BOD”)be entitled to reduce Executive’s Base Salary.

Appears in 2 contracts

Sources: Employment Agreement (Vivint Smart Home, Inc.), Employment Agreement (Vivint Smart Home, Inc.)

Base Salary. In consideration of the services to be rendered as provided in Section 1, the The Company hereby agrees to shall pay the Executive an annual a base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”)) during the period of the Executive’s employment hereunder, which shall be Four Hundred Thousand Dollars ($400,000.00) per annum. The Executive's Base Salary shall be subject to paid in accordance with the Company’s standard payroll practices. The Base Salary shall be reviewed for possible increase on an annual review by basis and shall not be decreased during the Board of Directors of the Company (the “BOD”)Term.

Appears in 2 contracts

Sources: Employment Agreement (Avangrid, Inc.), Employment Agreement (Avangrid, Inc.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Term, the Company hereby agrees to shall pay the Executive an annual a base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”)) at an annual rate of not less than $1,400,000. The Executive's Base Salary shall be subject payable in regular payroll installments in accordance with the Company’s payroll practices as in effect from time to annual review by time (but no less frequently than monthly). The Management Compensation Committee of the Board of Directors of the Company (the “BODCompensation Committee”)) shall review the Base Salary at least annually and may (but shall be under no obligation to) increase (but not decrease) the Base Salary on the basis of such review.

Appears in 1 contract

Sources: Employment Agreement (Nasdaq, Inc.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Term, the Company hereby agrees to shall pay the Executive an annual a base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”). The Executive's Base Salary shall be subject to annual review by ) at the Board rate of Directors $250,000 per annum, payable in accordance with the normal payroll practices of the Company for its executives and subject to increase (but not decrease) pursuant to Section 13 and otherwise from time to time by the “BOD”)Board, in its discretion.

Appears in 1 contract

Sources: Employment Agreement (Performance Sports Group Ltd.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Period, the Company hereby agrees shall pay to pay the Executive an annual base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “"Base Salary”)") at the rate of $ 200,000 per year. The Executive's Base Salary shall be subject to annual review by reviewed no less frequently than annually and may be increased at the Board of Directors discretion of the Company (Company. The Base Salary shall be payable semi-monthly or in such other installments as shall be consistent with the “BOD”)Company's payroll procedures.

Appears in 1 contract

Sources: Employment Agreement (S1 Corp /De/)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees to shall pay the Executive an annual a base salary (“Base Salary”) at the annual rate of $240,000 700,000, payable in equal weekly regular installments in accordance with the Company’s usual practice of the Company (the “Base Salary”)payment practices. The Executive's ’s Base Salary shall be subject to annual review by and subject to change, as may be determined from time to time in the sole discretion of the Board of Directors or the Compensation Committee of the Board, but in no event shall the Company (the “BOD”)reduce Executive’s Base Salary.

Appears in 1 contract

Sources: Employment Agreement (Vivint Smart Home, Inc.)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees to will pay the Executive an annual a base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”)) in accordance with the Company’s regular payroll practices. The Executive's Base Salary shall be is subject to annual review by the Company’s Board of Directors of the Company (the “BODBoard”).

Appears in 1 contract

Sources: Employment Agreement (Appfolio Inc)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees to shall pay the Executive an annual a base salary at the annual rate of $240,000 225,000.00, payable in equal weekly installments in accordance with the usual practice of the Company Company’s payroll practices (the “Base Salary”). The Executive's Base Salary Executive shall be subject entitled to such increases in Base Salary, if any, as may be determined on at least an annual review by basis in the sole discretion of the Compensation Committee of the Board of Directors of the Company (the “BODCompensation Committee”).

Appears in 1 contract

Sources: Employment Agreement (Integrated Electrical Services Inc)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Period, the Company hereby agrees shall pay to pay the Executive an annual base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “"Base Salary”)") at the rate of $ 360,000 per year. The Executive's Base Salary shall be subject to annual review by reviewed no less frequently than annually and may be increased at the Board of Directors discretion of the Company (Company. The Base Salary shall be payable semi-monthly or in such other installments as shall be consistent with the “BOD”)Company's payroll procedures.

Appears in 1 contract

Sources: Employment Agreement (S1 Corp /De/)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Term, the Company hereby agrees to shall pay the Executive an annual a base salary at the annual rate of $240,000 400,000 per year (the "Base Salary"), payable in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”)Company's normal payroll practices for executive compensation, but not less frequently than monthly. The Executive's Executive Base Salary will be reviewed not less often than annually by the Company's Compensation Committee. In addition, the Compensation Committee shall meet annually to determine what, if any, bonus shall be subject to annual review by provided Executive for the Board of Directors of the Company (the “BOD”)fiscal year.

Appears in 1 contract

Sources: Employment Agreement (Spanish Broadcasting System of Puerto Rico Inc /Pr/)

Base Salary. In consideration of During the services to be rendered as provided in Section 1Employment Period, the Company hereby agrees to shall pay the Executive an annual a base salary at the annual rate of $240,000 US$200,000 (the "Base Salary"). The Base Salary shall be payable in equal weekly such installments in accordance with (but not less frequent than monthly) as the usual practice salaries of other executives of the Company (the “Base Salary”)are paid. The Executive's Base Salary base salary shall be subject to annual review reviewed annually by the Compensation Committee of the Board of Directors of the Company (the “BOD”"Compensation Committee"), and shall be subject to increase at the option and sole discretion of the Compensation Committee.

Appears in 1 contract

Sources: Employment Agreement (Central European Media Enterprises LTD)