Common use of Base Salary Clause in Contracts

Base Salary. During the Employment Term, the Company shall pay the Executive annual base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be payable in regular installments in accordance with the Company's usual payroll practices. The Management Compensation Committee of the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review procedures.

Appears in 3 contracts

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

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Base Salary. During In consideration for the Employment Termservices provided hereunder, the Company shall pay the to Executive an annual base salary of $525,000.00, subject to applicable federal, state and local payroll taxes, and other withholdings required by law or properly requested by Executive (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date). The Base Salary shall be payable in regular installments in accordance conformity with the Company's usual customary payroll practices. The Management Compensation Committee Such Base Salary shall be subject to annual review for increase in the sole discretion of the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review proceduresCompany's Board.

Appears in 3 contracts

Samples: Employment and Noncompetition Agreement (Blackbaud Inc), Employment and Noncompetition Agreement (Blackbaud Inc), Employment and Noncompetition Agreement (Blackbaud Inc)

Base Salary. During the Employment Term, the Company shall pay the to Executive an annual base salary (the "Base Salary") at the annual rate no in an amount not less than the rate of base salary in effect as of the Effective DateThree Hundred Sixteen Thousand Five Hundred Dollars and No/100 ($316,500.00). Such Base Salary shall be payable in regular installments in accordance with the Company's usual regular payroll practices. The Management Compensation Committee practices and procedures of the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review proceduresCompany.

Appears in 3 contracts

Samples: Executive Employment Agreement (Us Ecology, Inc.), Executive Employment Agreement (Us Ecology, Inc.), Executive Employment Agreement (Us Ecology, Inc.)

Base Salary. During the Employment Term, the Company shall pay the Executive annual a base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. $258,000 (“Base Salary shall be Salary”), payable in regular installments in accordance with the Company's usual payroll ’s customary payment practices. The Management Base Salary shall be subject to annual review by the Board or the Compensation Committee (or similar committee) of the Board (Company whereupon the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review proceduresmay be increased (but not decreased) at their sole discretion.

Appears in 3 contracts

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

Base Salary. During the Employment Term, the Company shall pay the to Executive an annual base salary of USD $125,000 (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be payable in regular installments in accordance with the Company's usual payroll practices”). The Management Compensation Committee of the Board (the "Compensation Committee") shall review may increase or decrease the Base Salary for the purpose of increasing it Salary, in accordance with its normal review proceduressole discretion, taking into account Company and individual performance objectives.

Appears in 3 contracts

Samples: Executive Employment Agreement (Graphjet Technology), Executive Employment Agreement (Energem Corp), Executive Employment Agreement (Energem Corp)

Base Salary. During the Employment Term, the Company shall pay the to Executive an annual base salary (the "Base Salary"”), which shall initially be $200,000. The Board of Directors (the “Board”) at shall review the annual rate Executive’s Base Salary no less than annually (at the rate of base salary in effect as end of the Effective Date. Company’s compensation year, which shall be its fiscal year) and may increase (but not decrease) such Base Salary shall be payable in regular installments in accordance with during the Company's usual payroll practices. The Management Compensation Committee term of the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review proceduresthis Agreement.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the Company shall pay the Executive annual a base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. $265,000 (“Base Salary shall be Salary”), payable in regular installments in accordance with the Company's usual payroll ’s customary payment practices. The Management Base Salary shall be subject to annual review by the Board or the Compensation Committee (or similar committee) of the Board (Company whereupon the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review proceduresmay be increased (but not decreased) at their sole discretion.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the The Company shall pay the Executive annual a base salary (the "Base Salary") at the annual rate no of not less than the rate of base salary $650,000 per year, payable in effect as of the Effective Datemonthly installments. The Base Salary shall be payable reviewed by the Board annually and may be increased in regular installments in accordance with the Company's usual payroll practicesBoard’s sole discretion. The Management Compensation Committee Executive shall not receive any additional compensation from any subsidiary of the Board (Company following the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review proceduresdate hereof.

Appears in 2 contracts

Samples: Employment Agreement (GAIN Capital Holdings, Inc.), Employment Agreement (GAIN Capital Holdings, Inc.)

Base Salary. During the Employment Term, the Company shall will pay the Executive annual a base salary (the "Base Salary") at the annual rate no less than the rate of base salary $275,000 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 as of during the Effective DateTerm. Beginning in January 2007 and annually thereafter, the Base Salary shall be payable in regular installments in accordance with the Company's usual payroll practices. The Management Compensation Committee of subject to annual review and possible increase by the Board (of Directors, but it shall not be decreased during the "Compensation Committee") shall review Base Salary for the purpose Term of increasing it in accordance with its normal review proceduresthis Agreement.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the Company shall pay the Executive annual a base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be $500,000, payable in regular installments in accordance with the Company's ’s usual payroll payment practices. The Management Compensation Committee Executive’s Base Salary shall be subject to annual review and subject to increase, if any, as may be determined from time to time in the sole discretion of the Board (Board, but in no event shall the "Compensation Committee") shall review Company be entitled to reduce Executive’s Base Salary for the purpose of increasing it in accordance with its normal review proceduresSalary.

Appears in 2 contracts

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

Base Salary. During the Term of Employment Termor Renewed Term of Employment, if any, the Company Executive shall pay the Executive annual receive a base salary (the "Base Salary") at the annual rate no less than the a rate of base salary in effect $700,000 per annum (or such greater amount as of the Effective Date. Base Salary shall be recommended by the Company’s Chief Executive Officer and approved by the Executive Compensation Committee), payable in regular installments monthly or more frequently in accordance with the Company's usual payroll practices’s practice as applied to other senior executives. The Management Compensation Committee of the Board (the "Compensation Committee") Such base salary shall review Base Salary for the purpose of increasing it in accordance with its normal review proceduresbe reviewed at least annually.

Appears in 2 contracts

Samples: Employment Agreement (Kimco Realty Corp), Employment Agreement (Kimco Realty Corp)

Base Salary. During the Employment Term, the The Company Group shall pay the Executive annual base salary (the "Base Salary") at the annual rate no less than the rate of a base salary in the amount of $333,900 per annum, as adjusted as permitted herein (the “Base Salary”) during the Term, payable in accordance the Company Group’s regular payroll practices as in effect as of the Effective Datefrom time to time. The Base Salary shall be payable in regular installments in accordance with the Company's usual payroll practices. The Management Compensation Committee of periodically reviewed by the Board (during the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review proceduresTerm and subject to change upon reasonable notice.

Appears in 2 contracts

Samples: Employment Agreement (FTC Solar, Inc.), Employment Agreement (FTC Solar, Inc.)

Base Salary. During the Employment Term, the The Company shall pay the to Executive an annual base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be $300,000 per annum, payable in regular installments in accordance with the Company's usual ’s then current payroll practicespractice. The Management Base Salary shall be reviewed annually and may be increased in the sole discretion of the Compensation Committee of the Company’s Board of Directors (the "Compensation Committee") ”). The Company shall review Base Salary for be entitled to deduct or withhold all taxes and charges which the purpose of increasing it in accordance with its normal review proceduresCompany may be required to deduct or withhold therefrom.

Appears in 2 contracts

Samples: Employment Agreement (HHG Distributing, LLC), Employment Agreement (Hhgregg, Inc.)

Base Salary. During the Employment Term, the Company shall pay the Executive an annual base salary (the "Base Salary") of US $275,000, payable at the annual rate no less than times and in the rate of base salary in effect as of the Effective Date. Base Salary shall be payable in regular installments in accordance manner consistent with the Company's usual payroll practicespolicies regarding compensation of executive employees. The Management Compensation Committee of Company agrees to review such compensation not less frequently than annually during the Board (Term. Once increased, the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review proceduresmay not be decreased. The Base Salary as increased from time to time shall be referred to herein as "Base Salary".

Appears in 2 contracts

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

Base Salary. During the Employment Term, the The Company Group shall pay the Executive annual base salary (the "Base Salary") at the annual rate no less than the rate of a base salary in the amount of $236,300 per annum, as adjusted as permitted herein (the “Base Salary”) during the Term, payable in accordance the Company Group’s regular payroll practices as in effect as of the Effective Datefrom time to time. The Base Salary shall be payable in regular installments in accordance with the Company's usual payroll practices. The Management Compensation Committee of periodically reviewed by the Board (during the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review proceduresTerm and subject to change upon reasonable notice.

Appears in 2 contracts

Samples: Employment Agreement (FTC Solar, Inc.), Employment Agreement (FTC Solar, Inc.)

Base Salary. During the Employment Term, the The Company shall pay the Executive annual base salary (the "Base Salary") at the annual rate no less than the initial rate of base salary in effect as of the Effective Date. Base Salary $275,120 per annum, which shall be payable in regular installments in accordance with the Company's usual standard payroll practices. The Management Compensation Committee practices of the Board (Company. At no time during the "Compensation Committee") Term shall review Base Salary for the purpose Executive's base salary be decreased from the rate then in effect except with the written consent of increasing it in accordance with its normal review proceduresthe Executive.

Appears in 2 contracts

Samples: Employment Agreement (Jevic Transportation Inc), Employment Agreement (JPF Acquisition Corp)

Base Salary. During As compensation for the performance by the Executive of his obligations hereunder, during the Employment TermPeriod, the Company shall pay the Executive annual a base salary at an annual rate of $600,000 (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date”). The Base Salary shall be payable in regular installments in accordance with the Company's usual ’s regularly established payroll practicespractice. The Management Compensation Committee Board shall conduct an annual review of the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it and may increase (but not decrease) such Base Salary in accordance with its normal review proceduressole discretion.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the Company shall pay the Executive annual a base salary at the annual rate of $300,000 per year or such higher rate as may be determined from time to time by the Board (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date). Such Base Salary shall be payable in regular installments paid in accordance with the Company's usual standard payroll practices. The Management Compensation Committee of the Board (the "Compensation Committee") shall review Base Salary practice for the purpose of increasing it in accordance with its normal review proceduressenior executives.

Appears in 2 contracts

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

Base Salary. During the Employment Termterm of this Agreement, the Company shall pay the Executive annual a base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be salary, payable in regular equal installments in accordance with the Company's usual payroll practices’s standard schedule for salary payments to its employees, at an initial annual rate equal to $385,000. The Management Executive’s base salary shall be reviewed annually by the Compensation Committee of the Board (the "Compensation Committee") shall ”), commencing in January 2011, and may be adjusted after each such review Base Salary for after discussions between the purpose of increasing it in accordance with its normal review proceduresCompany and Executive.

Appears in 2 contracts

Samples: Employment Agreement (Selecta Biosciences Inc), Employment Agreement (Selecta Biosciences Inc)

Base Salary. During the Employment Term, the The Company shall pay the Executive annual a base salary (the "Base Salary") at during the annual rate no less than the rate of base salary in effect as period of the Effective DateExecutive’s employment hereunder, which shall be Four Hundred Thousand Dollars ($400,000.00) per annum. The Base Salary shall be payable in regular installments paid in accordance with the Company's usual ’s standard payroll practices. The Management Compensation Committee of the Board (the "Compensation Committee") shall review Base Salary shall be reviewed for possible increase on an annual basis and shall not be decreased during the purpose of increasing it in accordance with its normal review proceduresTerm.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the Company shall pay the Executive annual a base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be $515,000, payable in regular installments in accordance with the Company's ’s usual payroll payment practices. The Management Executive’s Base Salary shall be subject to annual review 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 any direct or indirect parent of the Board (Company, but in no event shall the "Compensation Committee") shall review Company be entitled to reduce Executive’s Base Salary for the purpose of increasing it in accordance with its normal review proceduresSalary.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the Company shall will pay the Executive annual base salary (the "Base Salary") at the annual rate no less than the rate of a base salary in effect the amount of $635,000 per annum (the “Base Salary”), payable in such installments as the Company pays other similarly-situated officers of the Effective DateCompany. The Base Salary shall will be payable in regular installments in accordance with annually reviewed and may be increased (but not decreased) by the Company's usual payroll practices. The Management Compensation Committee of the Board (the "Compensation Committee") shall review Base Salary for during the purpose of increasing it in accordance with its normal review proceduresTerm.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the The Company shall pay to the Executive an annual base salary (the "Base Salary") at the annual rate no less than the rate of base salary $250,000, payable in effect substantially equal installments at such intervals as of may be determined by the Effective DateCompany in accordance with its ordinary payroll practices as established from time to time. The Base Salary shall be payable in regular installments in accordance with reviewed by the Company's usual payroll practices. The Management Compensation Committee of the Board of Directors (the "Compensation CommitteeBoard") shall review Base Salary for and the purpose of increasing it Chief Executive Officer in accordance with its normal review proceduresgood faith, based upon the Executive's performance, not less often than annually.

Appears in 2 contracts

Samples: Employment Agreement (Vonage Holdings Corp), Employment Agreement (Vonage Holdings Corp)

Base Salary. During the Employment Term, the Company shall will pay the Executive annual base salary (the "Base Salary") at the annual rate no less than the rate of a base salary in effect the amount of £385,000 per annum (the “Base Salary”), payable in such installments as of the Effective DateCompany pays other similarly situated individuals. The Base Salary shall will be payable in regular installments in accordance with annually reviewed for increase (but not decrease) by the Company's usual payroll practices. The Management Compensation Committee of the Board of Directors of the Company (the "Compensation Committee") shall review Base Salary for during the purpose of increasing it in accordance with its normal review proceduresTerm.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the The Company shall pay the to Executive an annual base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be $250,000 per annum, payable in regular installments in accordance with the Company's usual ’s then current payroll practicespractice. The Management Base Salary shall be reviewed annually and may be increased in the sole discretion of the Compensation Committee of the Company’s Board of Directors (the "Compensation Committee") ”). The Company shall review Base Salary for be entitled to deduct or withhold all taxes and charges which the purpose of increasing it in accordance with its normal review proceduresCompany may be required to deduct or withhold therefrom.

Appears in 2 contracts

Samples: Employment Agreement (HHG Distributing, LLC), Employment Agreement (Hhgregg, Inc.)

Base Salary. During the Employment Term, the Company shall will pay the Executive annual a base salary (the "Base Salary") at the annual rate no less than the rate of base salary $233,400 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 as of during the Effective DateTerm. Beginning in January 2007 and annually thereafter, the Base Salary shall be payable in regular installments in accordance with the Company's usual payroll practices. The Management Compensation Committee of subject to annual review and possible increase by the Board (of Directors, but it shall not be decreased during the "Compensation Committee") shall review Base Salary for the purpose Term of increasing it in accordance with its normal review proceduresthis Agreement.

Appears in 2 contracts

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

Base Salary. During the Employment Specified Term, in consideration of the Company performance by Executive of Executive’s obligations hereunder to Employer, Employer shall pay the Executive an annual base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective DateFour Hundred Thousand Dollars ($400,000.00). The Base Salary shall be payable in regular installments in accordance with the Company's usual payroll practicespractices of Employer as in effect from time to time for Employer’s executives. The Management Compensation Committee of the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it shall be reviewed annually, exclusively by Employer, and any increase thereto shall be in accordance with its normal review proceduresEmployer’s sole discretion.

Appears in 2 contracts

Samples: Employment Agreement (Majestic Holdco, LLC), Employment Agreement (Majestic Holdco, LLC)

Base Salary. During the Employment Term, the Company shall will pay the Executive annual base salary (the "Base Salary") at the annual rate no less than the rate of a base salary in effect the amount of $500,000 per annum (the “Base Salary”), payable in such installments as of the Effective DateCompany pays other similarly situated individuals. The Base Salary shall will be payable in regular installments in accordance with annually reviewed for increase (but not decrease) by the Company's usual payroll practices. The Management Compensation Committee of the Board of Directors of the Company (the "Compensation Committee") shall review Base Salary for during the purpose of increasing it in accordance with its normal review proceduresTerm.

Appears in 2 contracts

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

Base Salary. During the Employment Term, and as of the Restatement Date, the Company shall pay the Executive annual a base salary (the "Base Salary") at the annual rate no of not less than the rate of base salary in effect as of the Effective Date. Base Salary shall be $575,000, payable in regular installments in accordance with the Company's ’s usual payroll payment practices. The Management Compensation Committee Executive shall be entitled to annual reviews and increases in Executive’s Base Salary, if any, as may be determined in the sole discretion of the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review proceduresBoard.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the Company shall pay the Executive annual a base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be $655,636, payable in regular installments in accordance with the Company's ’s usual payroll payment practices. The Management Executive’s Base Salary shall be subject to annual review 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 the Board (Board, but in no event shall the "Compensation Committee") shall review Company be entitled to reduce Executive’s Base Salary for the purpose of increasing it in accordance with its normal review proceduresSalary.

Appears in 2 contracts

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

Base Salary. During the Employment TermTerm and as of the Restatement Date, the Company shall pay the Executive annual a base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be $250,000, payable in regular installments in accordance with the Company's ’s usual payroll payment practices. The Management Compensation Committee Executive shall be entitled to annual reviews. Increases in Executive’s Base Salary, if any, may be determined in the sole discretion of the Board board of directors of KRATON (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review procedures“Board”).

Appears in 2 contracts

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

Base Salary. During the Employment Term, the The Company shall pay the Executive annual a base salary (the "Base Salary") during the period of the Executive's employment hereunder, which shall be at the annual rate no less than the an initial rate of base salary in effect as of the Effective DateTwo Hundred and Seventy-One Thousand Dollars ($271,000.00) per annum. The Base Salary shall be payable in regular installments paid in accordance with the Company's usual standard payroll practices. The Management Compensation Committee of the Board (the "Compensation Committee") shall review Base Salary shall be reviewed for possible increase on an annual basis and shall not be decreased during the purpose of increasing it in accordance with its normal review proceduresTerm.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the Company shall pay the Executive annual a base salary (the "Base Salary") at the an annual rate no of not less than the rate of base salary in effect as of the Effective Date$600,000. The Base Salary shall be payable in regular payroll installments in accordance with the Company's usual payroll practicespractices as in effect from time to time (but no less frequently than monthly). The Management Compensation Committee of the Board (the "Compensation Committee") shall review the Base Salary for at least annually and may (but shall be under no obligation to) increase (but not decrease) the purpose Base Salary on the basis of increasing it in accordance with its normal review proceduressuch review.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the Company shall will pay the Executive annual a base salary (the "Base Salary") at the annual rate no less than the rate of base salary $334,750 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 as of during the Effective DateTerm. Beginning in January 2007 and annually thereafter, the Base Salary shall be payable in regular installments in accordance with the Company's usual payroll practices. The Management Compensation Committee of subject to annual review and possible increase by the Board (of Directors, but it shall not be decreased during the "Compensation Committee") shall review Base Salary for the purpose Term of increasing it in accordance with its normal review proceduresthis Agreement.

Appears in 2 contracts

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

Base Salary. During In consideration of the Employment Termservices to be rendered hereunder, the Company Executive shall pay the Executive annual be paid a base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be $465,000.00 per year, payable in regular installments in accordance with the Company's usual ’s payroll practicespractices in effect during the course of this Agreement (the “Annual Base Salary”). The Management Annual Base Salary shall be reviewed annually by the Compensation Committee of or the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review proceduresBoard.

Appears in 2 contracts

Samples: Employment Agreement (TRC Companies Inc /De/), Employment Agreement (TRC Companies Inc /De/)

Base Salary. During the Employment Term, the Company shall pay the Executive annual a base salary (as may be adjusted, the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be $500,000 payable in regular installments in accordance with the Company's usual payroll practicesPolicies. The Management Compensation Committee of the Board (the "Compensation Committee") shall review the Base Salary for the purpose of increasing it in accordance with its normal review proceduresannually.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the The Company shall pay the Executive annual a base salary (the "Base Salary") at the annual rate no of not less than the rate of base salary $325,000 , payable in effect as of the Effective Datebi-monthly installments. The Base Salary shall be payable reviewed by the Board annually and may be increased in regular installments in accordance with the Company's usual payroll practicesBoard’s sole discretion. The Management Compensation Committee Executive shall not receive any additional compensation from any subsidiary of the Board (Company following the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review proceduresdate hereof.

Appears in 2 contracts

Samples: Executive Employment Agreement (GAIN Capital Holdings, Inc.), Executive Employment Agreement (GAIN Capital Holdings, Inc.)

Base Salary. During the Employment Term, the The Company shall agrees to pay the Executive annual a base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Dateequal to $230,000 per annum. The Base Salary shall be payable paid in regular periodic installments in accordance with the Company's usual ’s regular payroll practices. The Management Base Salary may be adjusted by the Compensation Committee of in the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review procedures’s discretion (which may constitute Good Reason as defined herein).

Appears in 2 contracts

Samples: Executive Employment Agreement (Red Cat Holdings, Inc.), Executive Employment Agreement (Red Cat Holdings, Inc.)

Base Salary. During the Employment Term, the Company shall pay the Executive annual a base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be $200,000, payable in regular installments in accordance with the Company's ’s usual payroll payment practices. The Management Compensation Committee Executive shall be entitled to annual reviews and increases in Executive’s Base Salary, if any, as may be determined in the sole discretion of the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review proceduresBoard.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the The Company shall pay the to Executive annual a base salary (the "Base SalaryBASE SALARY") at the an annual rate no less than of $300,000 during the rate of base salary in effect as of the Effective DateEmployment Term. The Base Salary shall be payable in regular installments throughout the year in accordance with the Company's usual payroll practices. The Management Compensation Committee same manner and at the same times the Company pays base salaries to other executive officers of the Board (Company and may, in the "sole discretion of the Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review procedures, be subject to being adjusted upward.

Appears in 2 contracts

Samples: Employment Agreement (Equity Marketing Inc), Employment Agreement (Equity Marketing Inc)

Base Salary. During the Employment Term, the Company shall pay the Executive annual Executive’s base salary (the "Base Salary") will be paid at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be payable in regular installments in accordance with $444,000 per year, subject to redetermination by the Company's usual payroll practices. The Management ’s Board of Directors (the “Board”) or the Compensation Committee of the Board (the "Compensation Committee") shall review ”). The annual base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary will be payable in a manner that is consistent with the Company’s usual payroll practices for the purpose of increasing it in accordance with its normal review proceduressenior executives.

Appears in 2 contracts

Samples: Employment Agreement (Esperion Therapeutics, Inc.), Employment Agreement (Esperion Therapeutics, Inc.)

Base Salary. During the Employment TermPeriod, the Company shall will pay the Executive annual a base salary (the "Base Salary") at the annual rate no less than of $300,000, which amount will be reviewed annually and subject to adjustment at the rate of base salary in effect as good faith discretion of the Effective Date. Base Salary shall be payable in regular installments in accordance with Board (or the Company's usual payroll practices. The Management Compensation Committee of the Board (the "Compensation Committee") shall review ”)), including without limitation, discretionary cost of living adjustments (as adjusted from time to time, the “Base Salary”). The Base Salary for the purpose of increasing it will be payable in substantially equal installments in accordance with its normal review proceduresthe Company’s payroll practices as in effect from time to time.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the The Company shall agrees to pay the Executive annual a base salary (the "Base Salary") at of $180,000 per annum ($15,000 per month). Annual adjustments after the annual rate no less than the rate of base salary in effect as first year of the Effective DateEmployment Period shall be determined by the Compensation Committee of the Parent’s Board (the “Compensation Committee”). The Base Salary shall be payable paid in regular periodic installments in accordance with the Company's usual ’s regular payroll practices. The Management Compensation Committee of the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review procedures.

Appears in 2 contracts

Samples: Executive Employment Agreement (InfoSonics Corp), Executive Employment Agreement (InfoSonics Corp)

Base Salary. During the Employment Termhis employment hereunder, the Company shall pay the to Executive annual a base salary (the "Base Salary") at the annual rate no less than the a rate of base salary in effect as $10,625.00 per bi-weekly pay period (which is a rate of $255,000.00 per year), subject to all applicable tax withholdings and required payroll deductions, which amount shall be reviewed annually and may be increased at the discretion of the Effective Date. Base Salary shall be payable in regular installments in accordance with the Company's usual payroll practices. The Management Compensation Committee Chief Executive Officer or Board of the Board Directors (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review proceduresor a committee thereof).

Appears in 2 contracts

Samples: Executive Employment Agreement (Manhattan Associates Inc), Executive Employment Agreement (Manhattan Associates Inc)

Base Salary. During the Employment Term, the Company shall pay the Executive annual a base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be $530,450, payable in regular installments in accordance with the Company's ’s usual payroll payment practices. The Management Executive’s Base Salary shall be subject to annual review 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 any direct or indirect parent of the Board (Company, but in no event shall the "Compensation Committee") shall review Company be entitled to reduce Executive’s Base Salary for the purpose of increasing it in accordance with its normal review proceduresSalary.

Appears in 2 contracts

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

Base Salary. During the Employment Term, and as of the Restatement Date, the Company shall pay the Executive annual a base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be $250,000, payable in regular installments in accordance with the Company's ’s usual payroll payment practices. The Management Compensation Committee Executive shall be entitled to annual reviews and increases in Executive’s Base Salary, if any, as may be determined in the sole discretion of the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review proceduresBoard.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the Company shall will pay the Executive annual base salary (the "Base Salary") at the annual rate no less than the rate of a base salary in effect the amount of $500,000 per annum (the “Base Salary”), payable in such installments as of the Effective DateCompany pays other similarly situated individuals. The Base Salary shall will be payable in regular installments in accordance with annually reviewed for increase (but not decrease) by the Company's usual payroll practices. The Management Compensation Committee of the Board (the "Compensation Committee") shall review Base Salary for during the purpose of increasing it in accordance with its normal review proceduresTerm.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the The Company shall pay the Executive an annual base salary (the "Base Salary") at the initial gross annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be $225,000, payable in regular installments in accordance with the Company's ’s usual payroll practicespayment practices but not less frequently than semi-monthly during the Employment Term. The Management Compensation Committee of Company Board, or a compensation committee appointed by the Board (Company Board, shall annually review the "Compensation Committee") shall review Base Salary for and determine changes in the purpose of increasing it in accordance with its normal review proceduresBase Salary.

Appears in 2 contracts

Samples: Employment Agreement (Auddia Inc.), Employment Agreement (Auddia Inc.)

Base Salary. During the Employment Term, the Company shall pay the to Executive annual a base salary of $400,000 per year (the "Base Salary") ), payable in equal semimonthly installments, or at such other time or times as the annual rate no less than Company generally pays employees. The Company shall review the rate of base salary in effect as of the Effective Date. Base Salary shall be payable in regular installments in accordance with at least annually during the Company's usual payroll practices. The Management Compensation Committee first quarter of each calendar year and may increase the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review proceduressole discretion.

Appears in 2 contracts

Samples: Share Exchange Agreement (Composite Technology Corp), Executive Employment Agreement (Composite Technology Corp)

Base Salary. During the Employment Term, the The Company shall pay the Executive annual a base salary (of $41,667 per month commencing on October 1, 2000. Such base salary, together with any increases the Board may grant from time to time, is referred to in this Agreement as "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. ." The Base Salary shall be payable in regular installments in accordance with subject to annual review by the Company's usual payroll practices. The Management Compensation Committee of the Board (the "Compensation Committee") shall review Board. Such Base Salary for the purpose of increasing it shall be subject to applicable tax withholding and shall be paid in accordance with its normal review proceduresCompany payroll practices.

Appears in 2 contracts

Samples: Employment Agreement (High Speed Access Corp), Employment Agreement (High Speed Access Corp)

Base Salary. During the Employment Term, the The Company shall agrees to pay the to Executive annual a base salary (the "Base Salary") at the annual rate no less than the rate of base salary in $500,000 with effect as from May 1, 2014. The Compensation Committee of the Effective DateBoard of Directors of the Company (the “Compensation Committee”) may determine in its sole discretion to increase, but not decrease, the Base Salary. Payments of the Base Salary shall be payable in regular equal installments in accordance with the Company's usual ’s standard payroll practices. The Management Compensation Committee of the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review procedures.

Appears in 2 contracts

Samples: Employment Agreement (FCB Financial Holdings, Inc.), Employment Agreement (FCB Financial Holdings, Inc.)

Base Salary. During the Employment Term, the The Company shall pay the Executive annual a base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be $269,280 per annum (less applicable deductions and withholdings), payable in regular installments periodic payments in accordance with the Company's usual ’s normal payroll practices. The Management Compensation Committee of During the Term, Executive’s compensation shall be reviewed by the Board from time to time and at least once every 12 months. Any increase or decrease in Base Salary (together with the "Compensation Committee"then existing Base Salary) shall review serve as the “Base Salary for the purpose of increasing it in accordance with its normal review proceduresSalary” under this Agreement.

Appears in 2 contracts

Samples: Executive Employment Agreement (Akebia Therapeutics, Inc.), Executive Employment Agreement (Akebia Therapeutics, Inc.)

Base Salary. During the Employment Term, the Company shall pay the Executive annual a base salary (the "Base Salary") at the annual rate no less than the annualized rate of base salary in effect as of the Effective Date. Base Salary $395,000, which shall be subject to customary withholdings and authorized deductions and be payable in regular equal installments in accordance with the Company's usual ’s customary payroll practicespractices in place from time to time. The Management Executive’s Base salary shall be subject to periodic adjustments as the Board and/or the Compensation Committee of the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review proceduresits/their discretion deem appropriate.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the Company shall pay the Executive annual a base salary (the "Base Salary") at the annual rate no less than the annualized rate of base salary in effect as of the Effective Date. Base Salary $155,000, which shall be subject to customary withholdings and authorized deductions and be payable in regular equal installments in accordance with the Company's usual ’s customary payroll practicespractices in place from time to time. The Management Compensation Committee of Executive’s Base salary shall be subject to periodic review and adjustment as the Board (the "Compensation Committee") Company shall review Base Salary for the purpose of increasing it in accordance with its normal review proceduresdiscretion deem appropriate.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the Company shall pay the Executive annual a ----------- base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be ), payable in regular equal installments in accordance with the Company's usual payroll practicesnormal practice for paying base salaries to its executive employees. The Management Compensation Committee Base Salary shall initially be payable at the rate of $200,000 per annum, and shall be subject to annual review by the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review proceduresdiscretionary annual increases.

Appears in 2 contracts

Samples: Employment Agreement (United Water Resources Inc), Employment Agreement (United Water Resources Inc)

Base Salary. During the Employment Term, the Company shall pay the Executive annual a base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be $1,021,200, payable in regular installments in accordance with the Company's ’s usual payroll payment practices. The Management Executive’s Base Salary shall be subject to annual review 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 the Board (Board, but in no event shall the "Compensation Committee") shall review Company reduce Executive’s Base Salary for the purpose of increasing it in accordance with its normal review proceduresSalary.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the Company shall pay to the Executive annual a base salary of $650,000.00 annually, which shall be subject to review and, at the 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") at ”). The Base Salary shall be reviewed on an annual basis for increases in accordance with the annual rate no less than the rate of base salary in effect as review process for senior level executives of the Effective DateCompany. The Base Salary shall be payable in regular installments in accordance with the Company's usual ’s normal payroll practices. The Management Compensation Committee of the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review procedures.

Appears in 2 contracts

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

Base Salary. During As payment for the Employment Termservices to be rendered by the Executive as provided in Section 1 and subject to the provisions of Section 2 of this Agreement, the Company shall will pay the Executive annual base salary (the "a “Base Salary") at the annual rate no less than the rate of base salary in effect as of $260,000.00 per year, payable on the Effective DateCompany’s normal payroll schedule. The Executive’s “Base Salary shall Salary” may be payable in regular installments increased in accordance with the Company's usual payroll practices. The Management provisions hereof or as otherwise determined from time to time, but reviewed at least annually, by the Board or the Compensation Committee of the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review proceduresBoard.

Appears in 2 contracts

Samples: Employment Agreement (NewCardio, Inc.), Employment Agreement (NewCardio, Inc.)

Base Salary. During the Employment Term, the Company Employer shall pay the Executive an annual base salary of $250,000.00 payable in accordance with the Employer’s customary payroll procedures (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date”). The Base Salary shall be reviewed on an annual basis by the CEO. All compensation payable in regular installments in accordance with to the Company's usual Executive from the Employer or its affiliates shall be subject to all applicable withholding taxes, normal payroll practices. The Management Compensation Committee withholding and any other amounts required by law or the terms of the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review proceduresany applicable benefit plan or program to be withheld.

Appears in 2 contracts

Samples: Restated Employment Agreement (Selway Capital Acquisition Corp.), Employment Agreement (Selway Capital Acquisition Corp.)

Base Salary. During the Employment Term, the Company shall pay the Executive an annual base salary (the "`Base Salary"') at the initial annual rate no less than of $230,000, payable in equal monthly installments or otherwise in accordance with the rate of base salary in effect as payroll and personnel practices of the Effective DateCompany from time to time. Base Salary shall be payable reviewed annually by the Board or a committee thereof to which the Board may from time to time have delegated such authority (the `Committee') for possible increase (but not decrease) in regular installments in accordance with the Company's usual payroll practices. The Management Compensation Committee sole discretion of the Board (or the "Compensation Committee") shall review Base Salary for , as the purpose of increasing it in accordance with its normal review procedurescase may be.

Appears in 2 contracts

Samples: Employment Agreement (Donnelley R H Inc), Employment Agreement (R H Donnelley Corp)

Base Salary. During the Employment Term, the The Company shall pay the Executive annual a base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be $275,000.00 per annum (less applicable deductions and withholdings), payable in regular installments periodic payments in accordance with the Company's usual ’s normal payroll practices. The Management Compensation Committee of During the Term, Executive’s compensation shall be reviewed by the Board from time to time and at least once every 12 months. Any increase or decrease in Base Salary (together with the "Compensation Committee"then existing Base Salary) shall review serve as the “Base Salary for the purpose of increasing it in accordance with its normal review proceduresSalary” under this Agreement.

Appears in 2 contracts

Samples: Executive Employment Agreement (Akebia Therapeutics, Inc.), Executive Employment Agreement (Akebia Therapeutics, Inc.)

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Base Salary. During the Employment Term, the Company shall pay the Executive an annual base salary (the "Base Salary") at the annual rate no per year in an amount not less than the rate of $150,000. Such annual base salary in effect as of the Effective Date. Base Salary shall be payable in regular installments in accordance with the Company's usual payroll practicescustomary pay schedule. During the Term, the base salary of Executive shall be reviewed at least annually by the Chief Executive Officer. The Management Compensation Committee Board of Directors, and/or the Board (the "Compensation Committee") , in consultation with the Chief Executive Officer, may, but shall review Base Salary for not be required to, increase or decrease the purpose of increasing it in accordance with its normal review proceduresbase salary, but not below the minimum required by this Section.

Appears in 2 contracts

Samples: Employment Agreement (Cimetrix Inc), Employment Agreement (Cimetrix Inc)

Base Salary. During the Employment Term, the Company shall agrees to pay or cause to be paid to the Executive an annual base salary of $700,000 or as may be increased from time to time (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date). Such Base Salary shall be payable in regular installments in accordance with the Company's usual payroll practices. The Management Compensation Committee of the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with customary practices applicable to its normal review proceduresexecutives.

Appears in 2 contracts

Samples: Executive Employment Agreement (Exide Corp), Executive Employment Agreement (Exide Corp)

Base Salary. During the Employment Term, the Company shall pay the Executive an annual base salary of One Hundred Seventy Five Thousand Dollars (the "$175,000) (“Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be ”), payable in regular installments in accordance with the Company's usual ’s then current payroll practices. The Management Compensation Committee of At least annually the Board (the "Compensation Committee") shall review Executive’s performance and compensation and may increase the Base Salary for the purpose of increasing it Salary, in accordance with its normal review proceduressole discretion.

Appears in 2 contracts

Samples: Employment Agreement (Columbia Equity Trust, Inc.), Employment Agreement (Columbia Equity Trust, Inc.)

Base Salary. During the Employment Term, the Company shall pay the Executive annual a base salary at the annual rate of $325,000 (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be ), payable in regular installments in accordance with the Company's usual payroll customary payment practices. The Management Base Salary shall be subject to annual review by the Board or the Compensation Committee (or similar committee) of the Board (Company whereupon the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review proceduresmay be increased (but not decreased) at their sole discretion.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the Company shall pay to the Executive an annual base salary of $500,000 (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. ”), which Base Salary shall be payable at the times and in regular installments in accordance the manner consistent with the Company's usual payroll practices’s general policies regarding compensation of the Company’s senior executives. The Management Base Salary will be reviewed periodically by the Compensation Committee of and may be increased (but not decreased, except for across-the-board reductions generally applicable to the Board (Company’s senior executives) from time to time in the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review procedures’s sole discretion.

Appears in 2 contracts

Samples: Employment Agreement (SPRINT Corp), Employment Agreement (SPRINT Corp)

Base Salary. During the Employment Term, the Company shall will pay the Executive annual a base salary (the "Base Salary") at the annual rate no less than the rate of base salary $650,000 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 as of during the Effective DateTerm. Beginning in January 2007 and annually thereafter, the Base Salary shall be payable in regular installments in accordance with the Company's usual payroll practices. The Management Compensation Committee of subject to annual review and possible increase by the Board (of Directors, but it shall not be decreased during the "Compensation Committee") shall review Base Salary for the purpose Term of increasing it in accordance with its normal review proceduresthis Agreement.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the Company shall pay the to Executive annual a base salary (the "Base Salary") at the annual rate no of $325,000, less than the rate such deductions as are required by law or that Executive may elect in accordance with Company policy and procedure, and pro-rated for any partial years of base salary in effect as of the Effective Dateemployment. The Base Salary shall be payable in regular equal periodic installments in accordance with the Company's usual ’s normal payroll practices. The Management Compensation Committee of Executive’s Base Salary shall be reviewed at least annually by the Board (and the "Compensation Committee") Board may, but shall review not be required to, increase the Base Salary for during the purpose of increasing it in accordance with its normal review proceduresTerm.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Offerpad Solutions Inc.), Incentive Stock Option Agreement (Supernova Partners Acquisition Company, Inc.)

Base Salary. During the Employment Term, the Company shall will pay the ----------- Executive annual as compensation for his services a base salary at the annualized rate of Four Hundred Thirty-Three Thousand Dollars ($ 433,000) (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date). The Base Salary shall will be payable in regular installments paid periodically in accordance with the Company's usual normal payroll practices. The Management Compensation Committee of practices and be subject to the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review proceduresusual, required withholding.

Appears in 2 contracts

Samples: Severance Agreement, Employment Agreement (Cell Therapeutics Inc)

Base Salary. During the Employment Term, the The Company shall pay the Executive annual the base salary (the "Base Salary") at the annual rate no less than the annualized rate of base salary in effect as of the Effective Date. Base Salary $240,000, which shall be subject to customary withholdings and authorized deductions and shall be payable in regular equal installments in accordance with the Company's usual ’s customary payroll practicespractices in place from time to time. The Management Compensation Committee of the Board (the "Compensation Committee") shall review Executive’s Base Salary for the purpose of increasing it in accordance with its normal shall be subject to review procedureson at least an annual basis.

Appears in 2 contracts

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

Base Salary. During the Employment Base Term, the Company shall pay the Executive an annual base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be ”), payable in regular approximately equal installments in accordance with the Company's usual ’s customary payroll practices. The Management Compensation Committee Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review proceduresDirectors as such.

Appears in 2 contracts

Samples: Employment Agreement (Stewart & Stevenson Services Inc), Employment Agreement (Stewart & Stevenson Services Inc)

Base Salary. During the Employment Term, the The Company shall pay to the Executive an annual base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be $200,000, payable in regular substantially equal installments at such intervals as may be determined by the Company in accordance with the Company's usual ’s then current ordinary payroll practicespractices as established from time to time. The Management Base Salary shall be reviewed in good faith by the Compensation Committee of the Company’s Board of Directors (the "Compensation Committee") shall review Base Salary for “Board”), based upon the purpose of increasing it in accordance with its normal review proceduresExecutive’s performance, not less often than annually.

Appears in 2 contracts

Samples: Employment Agreement (Applied Optoelectronics, Inc.), Employment Agreement (Applied Optoelectronics, Inc.)

Base Salary. During the Employment Term, the The Company shall pay the Executive annual a base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect $700,000 per annum. The Board will review the Base Salary at least annually for possible increases as of the Effective Dateit deems appropriate. The Base Salary shall be payable in regular installments paid in accordance with the Company's usual normal payroll practices. The Management Compensation Committee practices of the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review proceduresCompany.

Appears in 2 contracts

Samples: Employment Agreement (Sovereign Bancorp Inc), Employment Agreement (Sovereign Bancorp Inc)

Base Salary. During the Employment Term, the Company shall pay the Executive an annual base salary (the "Base Salary") of $385,000, which shall be subject to review, and at the annual rate no less than the rate of base salary in effect as approval of the Effective Date. Base Salary shall be payable in regular installments in accordance with the Company's usual payroll practices. The Management Compensation Committee of the Board (the "Compensation Committee"”), subject to increase (but not decrease) shall review Base Salary for based upon the purpose performance of increasing it the Executive and the Company, as determined by the Compensation Committee in accordance with its the Company’s normal compensation and performance review procedurespolicies for senior level executives generally (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). The Base Salary shall be payable in accordance with the Company’s normal payroll practices.

Appears in 2 contracts

Samples: Employment Agreement (Antares Pharma Inc), Employment Agreement (Antares Pharma, Inc.)

Base Salary. During the Employment Term, the Company shall pay the Executive annual a base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be $1,021,199.82, payable in regular installments in accordance with the Company's ’s usual payroll payment practices. The Management Compensation Committee Executive’s Base Salary shall be subject to annual review and subject to increase, if any, as may be determined from time to time in the sole discretion of the Board Board, but in no event shall the Company be entitled to reduce Executive’s Base Salary. (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review procedures.b)

Appears in 2 contracts

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

Base Salary. During the Employment Term, the Company shall pay the Executive annual a base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect three hundred seventy-five thousand dollars ($375,000), as of the Effective Commencement Date). The Base Salary shall be payable in regular substantially equal periodic installments in accordance with the Company's usual ’s payroll practicespractices as in effect from time to time. Company shall deduct from each such installment all amounts required to be deducted or withheld under applicable law or under any employee benefit plan in which Executive participates. The Management Compensation Committee of the Board (the "Compensation Committee") Company shall review the Base Salary for on an annual basis and may increase, but not decrease, the purpose of increasing it in accordance with its normal review proceduresBase Salary.

Appears in 2 contracts

Samples: Employment Agreement (Checkmate Pharmaceuticals, Inc.), Executive Employment Agreement (Checkmate Pharmaceuticals, Inc.)

Base Salary. During the Employment TermTerm of Employment, the Company shall will pay to the Executive annual a base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. $800,000 per year (“Base Salary shall be Salary”), payable in regular installments semi-monthly in accordance with the Company's usual ’s executive payroll practicespolicy. The Management Such Base Salary will be reviewed annually on the Company’s regular executive salary review schedule, and will be subject to increase (but not decrease) at the discretion of Aon’s CEO and the Organization and Compensation Committee of the Company’s Board of Directors (the "Compensation Committee") shall review ”), which increased amount will be thereafter the Executive’s “Base Salary Salary” for the purpose of increasing it in accordance with its normal review proceduresall purposes hereunder.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the Company shall pay the Executive annual a base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be $900,000.00, payable in regular installments in accordance with the Company's ’s usual payroll practices. The Management Compensation Committee of the Board (the "Compensation Committee") shall may from time to time review and increase Executive’s Base Salary for the purpose of increasing it in accordance with its normal review proceduressole discretion.

Appears in 2 contracts

Samples: Employment Agreement (Itt Industries Inc), Employment Agreement (Itt Corp)

Base Salary. During the Employment Term, the The Company Group shall pay the Executive annual base salary (the "Base Salary") at the annual rate no less than the rate of a base salary in the amount of $477,400 per annum, as adjusted as permitted herein (the “Base Salary”) during the Term, payable in accordance the Company Group’s regular payroll practices as in effect as of the Effective Datefrom time to time. The Base Salary shall be payable in regular installments in accordance with the Company's usual payroll practices. The Management Compensation Committee of periodically reviewed by the Board (during the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review proceduresTerm and subject to change upon reasonable notice.

Appears in 2 contracts

Samples: Employment Agreement (FTC Solar, Inc.), Employment Agreement (FTC Solar, Inc.)

Base Salary. During the Employment Term, the Company shall pay the Executive annual a base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be $220,000, payable in regular installments in accordance with the Company's ’s usual payroll payment practices. The Management Compensation Committee Executive shall be entitled to annual reviews and increases in Executive’s Base Salary, if any, as may be determined in the sole discretion of the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review proceduresBoard.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the Company shall pay the Executive an annual base salary in the amount of $1,000,000 (the "Base Salary") at the annual rate no ”), less than the rate of base salary in effect as of the Effective Date. Base Salary shall be applicable payroll taxes and withholdings, payable in regular installments in accordance with the Company's usual ’s normal payroll practices. The Management Compensation Committee Company will review Executive’s Base Salary annually, and, in the sole discretion of the Board Company, may increase (the "Compensation Committee"but may not decrease) shall review such Base Salary for the purpose of increasing it in accordance with its normal review proceduresfrom time to time, but shall not be obligated to effectuate any increase.

Appears in 2 contracts

Samples: Executive Employment Agreement (Texas Capital Bancshares Inc/Tx), Executive Employment Agreement (Texas Capital Bancshares Inc/Tx)

Base Salary. During the Employment Term, the The Company shall pay the Executive annual base salary (the "Base Salary") at the annual rate no less than the rate of a base salary in the amount of $650,000.00 per annum (the “Base Salary”) during the Term, payable in accordance the Company’s regular payroll practices as in effect as of the Effective Datefrom time to time. The Base Salary shall be payable in regular installments in accordance with the Company's usual payroll practices. The Management Compensation Committee of periodically reviewed by the Board during the Term. (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review procedures.b)

Appears in 2 contracts

Samples: Confidential General Release and Separation Agreement (Pagaya Technologies Ltd.), Executive Employment Agreement (Pagaya Technologies Ltd.)

Base Salary. During the Employment Term, the The Company shall pay the Executive annual base salary (the "Base Salary") at the annual rate no less than the initial rate of base salary in effect as of the Effective Date. Base Salary $191,200 per annum, which shall be payable in regular installments in accordance with the Company's usual standard payroll practices. The Management Compensation Committee practices of the Board (Company. At no time during the "Compensation Committee") Term shall review Base Salary for the purpose Executive's base salary be decreased from the rate then in effect except with the written consent of increasing it in accordance with its normal review proceduresthe Executive.

Appears in 2 contracts

Samples: Employment Agreement (Jevic Transportation Inc), Employment Agreement (JPF Acquisition Corp)

Base Salary. During the Employment Term, the Company shall pay the Executive annual a base salary (the "Base Salary") at the annual rate no less than the annualized rate of base salary in effect as of the Effective Date. Base Salary $395,000, which shall be subject to customary withholdings and authorized deductions and be payable in regular equal installments in accordance with the Company's usual ’s customary payroll practicespractices in place from time to time. The Management Compensation Committee of Executive’s Base salary shall be subject to periodic adjustments as the Board (the "Compensation Committee") CEO shall review Base Salary for the purpose of increasing it in accordance with its normal review procedureshis discretion deem appropriate.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the Company shall pay the Executive annual a base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be $350,000, payable in regular installments in accordance with the Company's ’s usual payroll payment practices. The Management Compensation Committee Executive’s Base Salary shall be subject to annual review and subject to increase, as may be determined from time to time in the sole discretion of the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review proceduresCEO.

Appears in 2 contracts

Samples: Employment Agreement (Vivint Solar, Inc.), Employment Agreement (Vivint Solar, Inc.)

Base Salary. During the Employment TermPeriod of Employment, the Company shall will pay the Executive annual a base salary (the "Base Salary") at the an annual rate no less than the rate of base salary in effect as of 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 Directors’ Compensation Committee (the “Committee”) deems appropriate in its sole discretion (“Base Salary”). Base Salary shall will be payable in regular installments in accordance with according to the customary payroll practices of the Company's usual payroll practices. The Management Compensation Committee of the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review procedures.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the Company shall pay the Executive annual a base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be salary, payable in regular equal installments in accordance with Company payroll procedures, at an annual rate of $350,000, subject to annual review by the Company's usual payroll practices. The Management Compensation Committee of the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review proceduresBoard.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the Company shall pay the Executive annual a base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be $600,000, payable in regular installments in accordance with the Company's ’s usual payroll payment practices. The Management Executive’s Base Salary shall be subject to annual review 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 the Board (Board, but in no event shall the "Compensation Committee") shall review Company be entitled to reduce Executive’s Base Salary for the purpose of increasing it in accordance with its normal review proceduresSalary.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the Company shall pay to the Executive an annual base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be $1,000,000, payable in regular installments in accordance with the Company's usual customary payroll practicespractices of the Company (“Base Salary”). The Management Compensation Committee Executive shall be entitled to such increases, if any, in Base Salary as may be determined from time to time by the Board or the compensation committee of the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review procedures”).

Appears in 2 contracts

Samples: Employment Agreement (Albertsons Companies, Inc.), Employment Agreement (Albertsons Companies, Inc.)

Base Salary. During the Employment Term, the The Company shall pay the Executive annual a base salary of $27,083.33 per month (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be $325,000 annualized), payable in regular equal periodic installments in accordance with the Company's usual payroll practices’s customary practices (the “Base Salary”). The Management Compensation Committee amount of the Board (the "Compensation Committee") shall review Base Salary for shall be reviewed annually and may be increased from time to time in the purpose sole discretion of increasing it in accordance with its normal review proceduresthe Company’s Remuneration Committee and the Board.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (Pacificorp /Or/)

Base Salary. During the Employment Term, the Company shall pay to the Executive annual a base salary (the "Base Salary") at the annual rate of no less than the rate of base salary in effect as of the Effective Date$630,000 per calendar year, less applicable deductions. The Base Salary shall be payable reviewed for increase by the Board no less frequently than annually and shall be increased in regular the discretion of the Board and any such adjusted Base Salary shall constitute the “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the Company's usual ’s regular payroll practices. The Management Compensation Committee of the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review procedures.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the Company shall pay the Executive annual a base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. $240,000 (“Base Salary shall be Salary”), payable in regular installments in accordance with the Company's usual payroll ’s customary payment practices. The Management Base Salary shall be subject to annual review by the Board or the Compensation Committee (or similar committee) of the Board (Company whereupon the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review proceduresmay be increased (but not decreased) at their sole discretion.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the Company shall will pay the Executive annual a base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be equal to $123,000 per annum, payable in regular equal bi-weekly or semi-monthly installments in accordance with the Company's usual payroll practicessystem. The Management Compensation Committee Board will review, at least annually, the Executive's compensation with a view to increasing it if, in the sole judgment of the Board (Board, the "Compensation Committee") shall review Base Salary for performance of the purpose Company, the services of increasing it the Executive and compensation paid by other companies engaged in accordance with its normal review proceduresbusinesses comparable to the business of the Company to executives in comparable positions merit such an increase.

Appears in 2 contracts

Samples: Employment Agreement (Cell Robotics International Inc), Employment Agreement (Cell Robotics International Inc)

Base Salary. During the Employment Term, the Company shall pay to the Executive annual a base salary (the "Base Salary") at the annual rate of no less than the rate of base salary in effect as of the Effective Date$335,000 per calendar year, less applicable deductions. The Base Salary shall be payable reviewed for increase by the Board no less frequently than annually and shall be increased in regular the discretion of the Board and any such adjusted Base Salary shall constitute the “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the Company's usual ’s regular payroll practices. The Management Compensation Committee of the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review procedures.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the Company shall pay to the Executive annual a base salary of not less than $ 665,000 per annum (the "Base Salary"”). The Board shall review Executive’s Base Salary annually (after approval of the forthcoming year’s budget and receipt of the prior year’s financial statements) at the annual rate and increase it by an amount no less than the rate of base salary increase in effect as of the Effective Date. Base Salary shall be payable in regular installments in accordance with the Company's usual payroll practices. The Management Compensation Committee of the Board (the "Compensation Committee") shall review Base Salary consumer price index for the purpose of increasing it in accordance with its normal review proceduresWashington, D.C. metropolitan area from the immediately preceding year.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the Company shall pay to the Executive annual a base salary of not less than $665,000 per annum (the "Base Salary"”). The Board shall review Executive’s Base Salary annually (after approval of the forthcoming year’s budget and receipt of the prior year’s financial statements) at the annual rate and increase it by an amount no less than the rate of base salary increase in effect as of the Effective Date. Base Salary shall be payable in regular installments in accordance with the Company's usual payroll practices. The Management Compensation Committee of the Board (the "Compensation Committee") shall review Base Salary consumer price index for the purpose of increasing it in accordance with its normal review proceduresWashington, D.C. metropolitan area from the immediately preceding year.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the The Company shall pay the to Executive an annual base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be $225,000 per annum, payable in regular installments in accordance with the Company's usual ’s then current payroll practicespractice. The Management Base Salary shall be reviewed annually and may be increased in the sole discretion of the Compensation Committee of the Company’s Board of Directors (the "Compensation Committee") ”), with the advice and input of the Chief Executive Officer of the Company. The Company shall review Base Salary for be entitled to deduct or withhold all taxes and charges which the purpose of increasing it in accordance with its normal review proceduresCompany may be required to deduct or withhold therefrom.

Appears in 2 contracts

Samples: Severance Agreement (Hhgregg, Inc.), Severance Agreement (Gregg Appliances Inc)

Base Salary. During the Employment Term, the The Company shall pay to the Executive an annual base salary (the "Base Salary") at the annual rate no less than the rate of base salary $830,000, payable in effect substantially equal installments at such intervals as of may be determined by the Effective DateCompany in accordance with its ordinary payroll practices, as established from time to time. The Base Salary shall be payable in regular installments in accordance reviewed by the Board not less often than annually. The Base Salary shall not be decreased by the Company except with the Company's usual payroll practices. The Management Compensation Committee prior written consent of the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review proceduresExecutive.

Appears in 2 contracts

Samples: Employment Agreement (Milacron Holdings Corp.), Employment Agreement (Milacron Holdings Corp.)

Base Salary. During the Employment TermPeriod, the Company shall pay to the Executive annual a base salary (the "Base Salary") at the annual rate of no less than the rate of base salary in effect as of the Effective Date$360,000 per calendar year, less applicable deductions. The Base Salary shall be payable reviewed for increase by the Board no less frequently than annually and shall be increased in regular the discretion of the Board and any such adjusted Base Salary shall constitute the “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the Company's usual ’s regular payroll practices. The Management Compensation Committee of the Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review procedures.

Appears in 2 contracts

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

Base Salary. During the Employment Term, and as of the Restatement Date, the Company shall pay the Executive annual a base salary (the "Base Salary") at the annual rate no less than the rate of base salary in effect as of the Effective Date. Base Salary shall be $375,000, payable in regular installments in accordance with the Company's ’s usual payroll payment practices. The Management Compensation Committee Executive shall be entitled to annual reviews and increases in Executive’s Base Salary, if any, as may be determined in the sole discretion of the Board board of directors of KRATON (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review procedures“Board”).

Appears in 2 contracts

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

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