Common use of Base Salary Clause in Contracts

Base Salary. During the Term, the Executive’s annual base salary shall be $481,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 2 contracts

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

Base Salary. During the Termterm of Executive’s employment hereunder, the Executive’s Company shall pay Executive a salary at the annual base salary shall be rate of $481,000457,885 or such greater amount as the Board may from time to time establish pursuant to the terms hereof (the “Base Salary”). The Executive’s base salary Such Base Salary shall be reviewed annually and may be increased, but not decreased, by the Board or the Compensation Committee of the Board (the “Compensation Committee”)in its sole discretion. The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent accordance with the Company’s usual customary payroll practices for executive officersits senior management personnel.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the Executive’s annual Executive shall receive an annualized base salary shall be $481,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the Compensation Committee”). The base salary in effect at any given time is referred to herein as “Annual Base Salary.” The ”) of not less than $425,000 payable pursuant to the Company’s normal payroll practices. During the Employment Term, the current Annual Base Salary shall be payable reviewed for increase at such time, and in a the same manner that is consistent with as the Company’s usual payroll practices for executive officerssalaries of senior officers of the Company are reviewed generally.

Appears in 2 contracts

Sources: Employment Agreement (Eagle Bulk Shipping Inc.), Employment Agreement (Eagle Bulk Shipping Inc.)

Base Salary. During the Term, the Executive’s annual Executive shall be paid a base salary shall be $481,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base Salary.” The ”) at a rate of $825,000 per annum, payable in arrears in equal monthly installments. On or before May 1, 2008 and annually thereafter, the Board shall review Executive’s Base Salary shall be payable at the same time as the salaries of other members of the corporate office are reviewed and may increase (but not decrease) his then current Base Salary in a manner that is consistent with the Company’s usual payroll practices for executive officersits sole discretion.

Appears in 2 contracts

Sources: Employment Agreement (Asbury Automotive Group Inc), Employment Agreement (Asbury Automotive Group Inc)

Base Salary. During the Employment Term, the Executive’s annual Company shall pay Executive a base salary shall be at the annual rate of $481,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be 450,000 payable in a manner that is consistent regular installments in accordance with the Company’s usual payroll practices for executive officerspractices. 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”.

Appears in 2 contracts

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

Base Salary. During the Employment Term, the Executive’s annual Company shall pay to the Executive a base salary shall be of not less than $481,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board 665,000 per annum (the “Compensation CommitteeBase Salary”). The base salary in effect at any given time is referred to herein as “Base Salary.” The Board shall review Executive’s Base Salary shall be payable annually (after approval of the forthcoming year’s budget and receipt of the prior year’s financial statements) and increase it by an amount no less than the increase in a manner that is consistent with the Company’s usual payroll practices consumer price index for executive officersthe 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. During The Company shall pay the Term, the Executive’s Executive an annual rate of base salary shall be of $481,000[BASE SALARY] in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Board or the Compensation Committee of and the Board (may, but shall not be required to, increase the “Compensation Committee”)base salary during the Employment Term. The Executive’s annual base salary salary, as in effect at any given from time to time, is hereinafter referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 2 contracts

Sources: Employment Agreement (Workiva Inc), Employment Agreement (Workiva LLC)

Base Salary. During the TermTerm of Employment, the Executive’s annual base salary Executive shall be $481,000. The Executive’s base salary shall be reviewed annually by paid an annualized Base Salary, payable in accordance with the Board or the Compensation Committee regular payroll practices of the Board (Company, in the “Compensation Committee”)amount of $450,000. The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable reviewed no less frequently than annually for increase in a manner that is consistent with the Company’s usual payroll practices for executive officersdiscretion of the Holding Corp. Board and/or the Committee. The Base Salary, including any increase, shall not be decreased during the Term of Employment.

Appears in 2 contracts

Sources: Employment Agreement (Kmart Holding Corp), Employment Agreement (Kmart Holding Corp)

Base Salary. During the Employment Term, the Executive’s annual Executive shall receive an annualized base salary shall be $481,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the Compensation Committee”). The base salary in effect at any given time is referred to herein as “Annual Base Salary.” The ”) of not less than $375,000 payable pursuant to the Company’s normal payroll practices. During the Employment Term, the current Annual Base Salary shall be payable reviewed for increase at such time, and in a the same manner that is consistent with as the Company’s usual payroll practices for executive officerssalaries of senior officers of the Company are reviewed generally.

Appears in 2 contracts

Sources: Employment Agreement (Eagle Bulk Shipping Inc.), Employment Agreement (Eagle Bulk Shipping Inc.)

Base Salary. During the Term, the Executive’s annual base salary shall will be $481,000275,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 2 contracts

Sources: Employment Agreement (Aware Inc /Ma/), Employment Agreement (Aware Inc /Ma/)

Base Salary. During Upon the Term, Effective Time and during the Executive’s annual employment with the Company or any of its subsidiaries, the Company shall pay the Executive a base salary shall be at the annual rate of $481,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board 600,000 (the “Compensation CommitteeBase Salary”). The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be , payable in a manner that is consistent regular installments in accordance with the Company’s usual payroll practices for executive officerspayment practices. The Executive’s Base Salary shall not in any way be reduced below this rate from the period between the Effective Time and the third anniversary of the Effective Time.

Appears in 2 contracts

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

Base Salary. During Executive shall initially be paid an annualized Base Salary, payable in accordance with the Termregular payroll practices of the Company, of $325,000. No less frequently than annually, the Executive’s annual base salary shall be $481,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable reviewed by the Compensation Committee who may (but is not obligated to) adjust such Base Salary in a manner its sole discretion; provided that is consistent with Base Salary shall not be decreased. Any such increased Base Salary shall be the CompanyExecutive’s usual payroll practices “Base Salary” for executive officersall purposes under this Agreement.

Appears in 2 contracts

Sources: Executive Employment Agreement, Executive Employment Agreement (SeaWorld Entertainment, Inc.)

Base Salary. During the TermTerm of Employment, the Executive’s annual base salary Executive shall be $481,000. The Executive’s base salary shall be reviewed annually by paid an annualized gross Base Salary, payable in accordance with the Board or the Compensation Committee regular payroll practices of the Board Company (the “Compensation Committee”)but no less frequently than annually) of $750,000. The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable reviewed annually for increase (but not decrease) in a manner that is consistent with the Company’s usual payroll practices for executive officerssole discretion of the Board.

Appears in 2 contracts

Sources: Employment Agreement (Endurance International Group Holdings, Inc.), Employment Agreement (Endurance International Group Holdings, Inc.)

Base Salary. During While Executive is employed by the TermCompany, the Company will pay Executive a base annual salary (the “Base Salary”) at the rate of $350,000 per year, paid in accordance with the usual payroll practices of the Company. Executive’s annual base salary shall be $481,000. The Executive’s base salary Base Salary shall be reviewed annually periodically for potential increases pursuant to Company review policies applicable to senior executives by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base Salary) or the Board.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 2 contracts

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

Base Salary. During The Employer shall pay Executive an aggregate minimum annual salary at the Term, rate of $550,000 per annum from the Executive’s annual base salary beginning of the Employment Period through the end of the Employment Period (“Base Salary”). Base Salary shall be $481,000payable bi-weekly in accordance with the Employer’s normal business practices. The Executive’s base salary Base Salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base Salaryleast annually.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 2 contracts

Sources: Employment Agreement (Sl Green Realty Corp), Employment and Noncompetition Agreement (Sl Green Realty Corp)

Base Salary. During The Company shall pay the Term, the Executive’s Executive an annual base salary shall of $220,000 annually, $150,000 of which will be payable in periodic installments in accordance with the Company’s regular payroll practices, and $481,00070,000 of which will be paid in lump sum at the end of the then-current fiscal year, or, in the sole discretion of the Board, prorated over the one year period upon completion of a financing. The Executive’s base salary shall be reviewed at least annually by the Board or the Compensation Committee of and the Board (may, but shall not be required to, increase the “Compensation Committee”)base salary during the Employment Term. The Executive’s annual base salary salary, as in effect at any given from time to time, is hereinafter referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 2 contracts

Sources: Employment Agreement (Recovery Energy, Inc.), Employment Agreement (Recovery Energy, Inc.)

Base Salary. During the Term, the Company shall pay Executive a base salary at an annual rate of $500,000, payable in accordance with the Company’s normal payroll practices for employees as in effect from time to time. Executive’s annual base salary shall be $481,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary salary, as in effect at any given from time to time, is hereinafter referred to herein as the “Base Salary.” The Base Salary shall be payable in subject to annual review by the Board (or a manner that is consistent with the Company’s usual payroll practices for executive officersduly authorized committee thereof).

Appears in 2 contracts

Sources: Employment Agreement (Bitmine Immersion Technologies, Inc.), Employment Agreement (Bitmine Immersion Technologies, Inc.)

Base Salary. During As of the TermEffective Date, the Executive’s Executive will receive for services to be rendered hereunder an annual base salary shall be of $481,000350,000, payable in accordance with the Company’s standard payroll practices. The Executive’s base salary shall will be reviewed annually by subject to review from time to time in the Board or the Compensation Committee sole discretion of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base SalaryBoard.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 2 contracts

Sources: Executive Employment Agreement (Accel Entertainment, Inc.), Executive Employment Agreement (Accel Entertainment, Inc.)

Base Salary. During the TermTerm of Employment, the Executive’s annual base salary Executive shall be $481,000. The Executive’s base salary shall be reviewed annually by paid an annualized gross Base Salary, payable in accordance with the Board or the Compensation Committee regular payroll practices of the Board (the “Compensation Committee”)Company, of $400,000. The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable reviewed annually for increase (but not decrease) in a manner that is consistent with the Company’s usual payroll practices for executive officerssole discretion of the Board.

Appears in 2 contracts

Sources: Employment Agreement (Endurance International Group Holdings, Inc.), Employment Agreement (Endurance International Group Holdings, Inc.)

Base Salary. During While Executive is employed by the TermCompany, the Company will pay Executive a base annual salary (the “Base Salary”) at the rate of $535,600 per year, paid in accordance with the usual payroll practices of the Company. Executive’s annual base salary shall be $481,000. The Executive’s base salary Base Salary shall be reviewed annually periodically for potential increases pursuant to Company review policies applicable to senior executives by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base Salary) or the Board.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 2 contracts

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

Base Salary. During the Term, the Executive’s The Executive shall receive an annual base salary shall be (“Annual Base Salary”) of no less than $481,000300,000. The Executive’s base salary Annual Base Salary shall be reviewed annually by the Board or the Compensation Committee of the Board Company’s board of directors (the “Compensation Committee”)) pursuant to its normal performance review policies for senior executives and may be increased but not decreased. The base salary term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as in effect at any given from time is referred to herein as “Base Salary.” The time. Such Annual Base Salary shall be payable in a manner that is consistent monthly or more frequent installments in accordance with the Company’s usual payroll practices for executive officerspolicies.

Appears in 2 contracts

Sources: Employment Agreement (National Bank Holdings Corp), Employment Agreement (National Bank Holdings Corp)

Base Salary. During The Company shall pay the Term, the Executive’s Executive an annual rate of base salary shall be of $481,000225,000 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 reviewed at least annually by the Board or the Compensation Committee of and the Board (may increase the “Compensation Committee”)Executive’s base salary during the Employment Term. The Executive’s annual base salary salary, as in effect at any given from time to time, is hereinafter referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 2 contracts

Sources: Employment Agreement (Streamex Corp.), Employment Agreement (Streamex Corp.)

Base Salary. During The Company shall pay the TermExecutive an annualized base salary (“Annual Base Salary”) at a rate of US$400,000, payable pursuant to the Company’s regular payroll practices for its executives in effect at the time. For fiscal year 2011, the Executive’s annual base salary shall Annual Base Salary will be $481,000prorated from the Effective Date. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base Salary.” The Annual Base Salary shall be payable in a manner that is consistent with reviewed by the Company’s usual payroll practices Chief Executive Officer, for executive officersincrease only, at such time as the salaries of other senior executives of Patheon are reviewed generally.

Appears in 2 contracts

Sources: Employment Agreement (Patheon Holdings Cooperatief U.A.), Employment Agreement (Patheon Inc)

Base Salary. During the Specified Term, in consideration of the performance by Executive of Executive’s obligations hereunder to Employer, Employer shall pay Executive an annual base salary shall be $481,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation CommitteeBase Salary) of Four Hundred Thousand Dollars ($400,000.00). The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent accordance with the Company’s usual payroll practices of Employer as in effect from time to time for executive officersEmployer’s executives. The Base Salary shall be reviewed annually, exclusively by Employer, and any increase thereto shall be in Employer’s sole discretion.

Appears in 2 contracts

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

Base Salary. During the Termterm of Executive's employment hereunder, the Executive’s Company shall pay Executive an annual base salary shall be $481,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “"Base Salary.” The ") at the initial annual rate of $225,000, payable in regular installments in accordance with the Company's usual payment practices but no less frequently than monthly during the Employment Term. Executive's Base Salary shall be payable reviewed at least annually for increase in a manner that is consistent with the Company’s usual payroll practices for executive officersreasonable discretion of the Board.

Appears in 2 contracts

Sources: Employment Agreement (Renaissance Media Capital Corp), Employment Agreement (Renaissance Media Capital Corp)

Base Salary. During The Company shall pay the Term, the Executive’s annual Executive an annualized base salary shall be of $481,000220,000.00 in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board or the Compensation Committee of and the Board (may, but shall not be required to, increase the “Compensation Committee”)base salary during the Employment Term. The Executive’s annual base salary salary, as in effect at any given from time to time, is hereinafter referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 2 contracts

Sources: Employment Agreement (Replimune Group, Inc.), Employment Agreement (Replimune Group, Inc.)

Base Salary. During Commencing as of the TermEffective Date, the Executive’s annual base salary Executive shall be paid an annualized Base Salary of $481,000250,000. The Executive’s base salary Such Base Salary shall be reviewed annually by payable at intervals in accordance with the Board or the Compensation Committee regular payroll practices of the Board (the “Compensation Committee”)Company applicable to senior executives but no less frequently than monthly. The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent with reviewed no less frequently than annually during the Company’s usual payroll practices Term of Employment for executive officersincreases. The Base Salary shall not be decreased at any time, or for any purpose, during the Term of Employment (including, without limitation, for the purpose of determining benefits due under Section 9).

Appears in 2 contracts

Sources: Employment Agreement (Exchange Applications Inc), Employment Agreement (Exchange Applications Inc)

Base Salary. During In consideration of the Termservices to be rendered hereunder, the Executive’s annual Executive shall be paid a base salary shall be of $481,000465,000.00 per year, payable in accordance with the Company’s payroll practices in effect during the course of this Agreement (the “Annual Base Salary”). The Executive’s base salary Annual Base Salary shall be reviewed annually by the Board Compensation Committee or the Compensation Committee of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base SalaryBoard.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 2 contracts

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

Base Salary. During the Term, the Executive will receive an annual base salary of $400,000. The Board will review the Executive’s base salary annually and, in its discretion, may recommend increases, but not decreases, to the amount of such base salary based upon procedures of the Employer that determine adjustments for other executives of the Employer. The initial annual base salary, together with any increases, shall be the Executive’s annual base salary shall be $481,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the Compensation CommitteeBase Salary”). The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall will be payable in a manner that is consistent accordance with the CompanyEmployer’s usual regular payroll practices for executive officerspayment practices.

Appears in 2 contracts

Sources: Employment Agreement (Diamond Hill Investment Group Inc), Employment Agreement (Diamond Hill Investment Group Inc)

Base Salary. During The Company shall pay the Term, the Executive’s Executive an annual rate of base salary shall be of $481,000240,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws. The Executive’s base salary shall be reviewed at least annually by the Board or the Compensation Committee of and the Board (may, but shall not be required to, increase the “Compensation Committee”)base salary during the Employment Term. The Executive’s annual base salary salary, as in effect at any given from time to time, is hereinafter referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 2 contracts

Sources: Employment Agreement (Kura Sushi Usa, Inc.), Employment Agreement (Kura Sushi Usa, Inc.)

Base Salary. During As of the TermEffective Date, the Executive’s Executive shall receive for services to be rendered hereunder an annual base salary shall be of $481,000. The Executive’s base salary shall be reviewed annually by 500,000 (“Base Salary”), payable on the regular payroll dates of the Company (but no less often than monthly), subject to annual review for increase in the sole discretion of the Board or the Compensation Committee a committee of the Board (the “Compensation Committee”). The base salary in effect at any given Board, taking into account all of Executive’s duties as may be assigned from time is referred to herein as “Base Salarytime.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 2 contracts

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

Base Salary. During the Term, the Executive’s annual The Executive shall receive a base salary shall be at the annualized rate of $481,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board 350,000 (the “Compensation CommitteeBase Salary”), paid in equal bi-monthly installments in accordance with the Company’s regularly established payroll procedure. The base salary in effect at any given time is referred to herein as “Base Salary.” The Such Base Salary shall be payable in a manner that is consistent with reviewed by the Company’s usual payroll practices for executive officerscompensation committee and the Board in the first quarter of each fiscal year; any adjustment to the Executive’s Base Salary shall be retroactively effective as of the first day of such fiscal year.

Appears in 2 contracts

Sources: Employment Agreement (Nabriva Therapeutics PLC), Employment Agreement (Nabriva Therapeutics AG)

Base Salary. During Commencing as of the Term, the Executive’s annual base salary Effective Date Executive shall be paid an annualized Base Salary of $481,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board 415,000 (the “Compensation CommitteeBase Salary”), payable in accordance with the regular payroll practices of the Company. The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officerssubject to annual review, based on both Executive and Company performance.

Appears in 2 contracts

Sources: Employment Agreement (Inogen Inc), Employment and Severance Agreement (Inogen Inc)

Base Salary. During the TermTerm of Employment, the Executive shall receive a base salary per annum payable in accordance with Company’s normal payroll practices as in effect from time to time of $350,000 (“Base Salary”). Executive’s annual base salary shall be $481,000. The Executive’s base salary shall Base Salary may be reviewed annually by the Board or on an annual basis and shall be subject to adjustment, as determined in the Compensation Committee sole discretion of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base SalaryBoard.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 2 contracts

Sources: Executive Employment Agreement (Mastech Holdings, Inc.), Executive Employment Agreement (Mastech Holdings, Inc.)

Base Salary. During As of the TermEffective Date, the Executive’s Executive will receive for services to be rendered hereunder an annual base salary shall be of $481,000400,000, payable in accordance with the Company’s standard payroll practices. The Executive’s base salary shall will be reviewed annually by subject to review from time to time in the Board or the Compensation Committee sole discretion of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base SalaryBoard.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 2 contracts

Sources: Executive Employment Agreement (Accel Entertainment, Inc.), Executive Employment Agreement (Accel Entertainment, Inc.)

Base Salary. During the Term, the Executive’s annual base salary shall will be $481,000300,000.00. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 2 contracts

Sources: Employment Agreement (Aware Inc /Ma/), Employment Agreement (Aware Inc /Ma/)

Base Salary. During The Company shall pay the Term, the Executive’s Executive an annual rate of base salary of $400,000. Such base salary shall be $481,000paid consistently with the Company’s then current pay practices. The Executive’s base salary shall be reviewed at least annually by the Board or the Compensation Committee of and the Board may, but shall not be required to, increase (but not decrease) base salary then in effect during the “Compensation Committee”)Employment Term. The Executive’s annual base salary salary, as in effect at any given from time to time, is hereinafter referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 2 contracts

Sources: Employment Agreement (PLX Pharma Inc.), Employment Agreement (Dipexium Pharmaceuticals, Inc.)

Base Salary. During the Employment Term, the Executive’s Company shall pay Executive an annual base salary shall be of $481,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board 375,000 per annum in cash (the “Compensation CommitteeAnnual Base Salary”). The base salary in effect at any given time is referred to herein as “Base Salary.” The Executive’s Annual Base Salary will be subject to annual review by the Board. The Annual Base Salary due to Executive hereunder shall be payable paid in a manner that is consistent accordance with the Company’s usual general Company payroll practices for executive officerspractices.

Appears in 2 contracts

Sources: Employment Agreement (Hospitality Investors Trust, Inc.), Employment Agreement (Hospitality Investors Trust, Inc.)

Base Salary. During While Executive is employed by the TermCompany, the Company will pay Executive a base annual salary (the “Base Salary”) at the rate of $360,000 per year, paid in accordance with the usual payroll practices of the Company. Executive’s annual base salary shall be $481,000. The Executive’s base salary Base Salary shall be reviewed annually periodically for potential increases pursuant to Company review policies applicable to senior executives by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base Salary) or the Board.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 2 contracts

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

Base Salary. During While Executive is employed by the TermCompany, the Company will pay Executive a base annual salary (the “Base Salary”) at the rate of $386,250 per year, paid in accordance with the usual payroll practices of the Company. Executive’s annual base salary shall be $481,000. The Executive’s base salary Base Salary shall be reviewed annually periodically for potential increases pursuant to Company review policies applicable to senior executives by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base Salary) or the Board.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 2 contracts

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

Base Salary. During the Term, the Executive’s annual base salary The Executive shall be paid a Base Salary at the annualized rate of $481,000. The Executive’s base salary shall be reviewed annually by 500,000, payable in accordance with the Board or the Compensation Committee regular payroll practices of the Board (the “Compensation Committee”)Company, but in no event shall he be paid less frequently than monthly. The base salary in effect at any given time is referred to herein as “Base Salary.” The Executive's Base Salary shall be payable subject to review by the Board of Directors on an annual basis, and may be adjusted from time to time only upward by the Board of Directors acting in a manner that is consistent with the Company’s usual payroll practices for executive officersits discretion.

Appears in 2 contracts

Sources: Employment Agreement (Concord Camera Corp), Employment Agreement (Concord Camera Corp)

Base Salary. During the Term, the Executive’s The Executive shall receive an annual base salary shall be (“Annual Base Salary”) of no less than $481,000438,000. The Executive’s base salary Annual Base Salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”)) pursuant to its normal performance review policies for senior executives and may be increased but not decreased. The base salary term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as in effect at any given from time is referred to herein as “Base Salary.” The time. Such Annual Base Salary shall be payable in a manner that is consistent monthly or more frequent installments in accordance with the Company’s usual payroll practices for executive officerspolicies.

Appears in 2 contracts

Sources: Employment Agreement (Capital Bank Financial Corp.), Employment Agreement (Capital Bank Financial Corp.)

Base Salary. During the Term, the Executive’s Executive shall be paid an annual base salary shall be $481,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base Salary.” ”) of not less than $500,000. The Base Salary shall be payable in a manner that is consistent accordance with the Company’s usual regular payroll practices for executive officersas then in effect. During the Term, the Base Salary will be reviewed annually.

Appears in 2 contracts

Sources: Employment Agreement (Sirius International Insurance Group, Ltd.), Employment Agreement (White Mountains Insurance Group LTD)

Base Salary. During the Term, the Executive’s annual The Executive shall receive a base salary shall be at the annualized rate of $481,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board 300,000 (the “Compensation CommitteeBase Salary”), paid in equal monthly installments in accordance with the Company’s regularly established payroll procedure. The base salary in effect at any given time is referred to herein as “Base Salary.” The Such Base Salary shall be payable in a manner that is consistent with reviewed by the Company’s usual payroll practices for executive officersremuneration committee and the Board in the first quarter of each fiscal year; any adjustment to the Executive’s Base Salary shall be retroactively effective as of the first day of such fiscal year.

Appears in 2 contracts

Sources: Employment Agreement, Employment Agreement (Nabriva Therapeutics AG)

Base Salary. During the Term, the Executive’s annual base salary shall be $481,000412,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 2 contracts

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

Base Salary. During Commencing as of the TermEffective Date, the Executive’s annual base salary Executive shall be paid an annualized Base Salary of $481,000. The Executive’s base salary shall be reviewed annually by 330,000, payable in accordance with the Board or the Compensation Committee regular payroll practices of the Board (the “Compensation Committee”)Company. The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable reviewed no less frequently than annually for increase in a manner that is consistent with the Company’s usual payroll practices for executive officersdiscretion of the CEO and, if applicable, the Board.

Appears in 2 contracts

Sources: Employment Agreement (Ikon Office Solutions Inc), Employment Agreement (Ikon Office Solutions Inc)

Base Salary. During the TermEmployment Period, the Executive’s Executive shall receive an annual rate of base salary shall be ("BASE SALARY") in an amount not less than $481,000350,000. The Executive’s base salary shall 's Base Salary will be reviewed annually by the Board or the Compensation Committee of the Board Company annually and may be adjusted upward (the “Compensation Committee”)but not downward) at such time. The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent accordance with the Company’s usual payroll practices for executive officers's normal business practices, but in no event less frequently than monthly.

Appears in 2 contracts

Sources: Employment Agreement (Avalonbay Communities Inc), Employment Agreement (Avalonbay Communities Inc)

Base Salary. During In consideration for the TermExecutive’s services hereunder, the Company shall pay to the Executive an annual base salary in the amount of $150,000 initially. The Executive’s annual base salary shall be $481,000. The Executive’s base salary shall be reviewed at least annually by the Board or Company, and the Compensation Committee of Company may increase the Board (the “Compensation Committee”)Executive’s annual base salary from time to time and not decrease it. The Company shall pay annual base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent accordance with the normal payroll payment practices of the Company and subject to such deductions and withholdings as law or policies of the Company’s usual payroll practices for executive officers, from time to time in effect, may require.

Appears in 2 contracts

Sources: Executive Employment Agreement (Future Now Group Inc.), Executive Employment Agreement (Future Now Group Inc.)

Base Salary. During the Termterm of Executive's employment, the Executive’s Company shall pay Executive an annual base salary shall be of $481,000250,000 (the "Annual Base Salary") payable in accordance with the Company's regular payroll practices. The Executive’s base salary Annual Base Salary shall be reviewed at least annually by the Board or of Directors and may be adjusted in the Compensation Committee sole discretion of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base Salaryof Directors.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 2 contracts

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

Base Salary. During the Term, the Executive’s Employer shall pay the Executive an annual base salary shall be of $481,000. The Executive250,000.00 payable in accordance with the Employer’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board customary payroll procedures (the “Compensation CommitteeBase Salary”). The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be reviewed on an annual basis by the CEO. All compensation payable in a manner that is consistent with to the Company’s usual Executive from the Employer or its affiliates shall be subject to all applicable withholding taxes, normal payroll practices for executive officerswithholding and any other amounts required by law or the terms of 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. During the Term, the Executive’s annual The Executive shall receive a base salary shall be at the annualized rate of $481,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board 530,000 (the “Compensation CommitteeBase Salary”), paid in equal bi-monthly installments in accordance with the Company’s regularly established payroll procedure. The base salary in effect at any given time is referred to herein as “Base Salary.” The Such Base Salary shall be payable reviewed by the compensation committee of the Board and/or the full Board in a manner that is consistent with the Companyfirst quarter of each fiscal year; any adjustment to the Executive’s usual payroll practices for executive officersBase Salary shall be retroactively effective as of the first day of such fiscal year.

Appears in 2 contracts

Sources: Employment Agreement, Employment Agreement (Nabriva Therapeutics PLC)

Base Salary. During From and after the TermEffective Date, the Executive’s annual Company shall pay Executive a base salary shall be at the annual rate of $481,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be 650,000.00 payable in a manner that is consistent regular installments in accordance with the Company’s usual payroll practices for executive officerspractices. 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”.

Appears in 2 contracts

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

Base Salary. During Beginning on the date hereof, the Company shall pay Executive, in equal installments no less frequently than monthly, a base salary of $412,000 per annum (the “Base Salary”), less all applicable withholdings, during the Term, the . Executive’s annual base salary shall be $481,000. The Executive’s base salary 's Base Salary shall be reviewed annually by the Board or the Compensation People Services (Compensation) Committee of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base Salary) on an annual basis.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 2 contracts

Sources: Employment Agreement (Popeyes Louisiana Kitchen, Inc.), Employment Agreement (Popeyes Louisiana Kitchen, Inc.)

Base Salary. During the Term, the Executive’s annual base salary shall be $481,000330,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 2 contracts

Sources: Employment Agreement, Employment Agreement (Xeris Pharmaceuticals Inc)

Base Salary. During the Term, the Executive’s The Company will pay Executive an annual base salary shall be $481,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base Salary.” ”) in the amount of [ ]. The Base Salary shall will be payable paid in a manner that is consistent accordance with the Company’s usual payroll practices for in effect from time to time. Executive’s Base Salary will be reviewed at least annually in accordance with the Company’s executive officerscompensation review policies and practices and may be increased in accordance with such review.

Appears in 2 contracts

Sources: Employment Agreement (Gold Resource Corp), Executive Employment Agreement (Gold Resource Corp)

Base Salary. During the TermTerm of Employment, the Executive’s annual Executive shall receive a base salary shall be salary, effective as of the Effective Date, at the annualized rate of $481,000624,000 (the “Base Salary”). The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable paid in a manner that is consistent equal installments in accordance with the Company’s usual regularly established payroll practices for executive officersprocedures. The Executive’s Base Salary will be reviewed on an annual or more frequent basis by the Board and is subject to change in the discretion of the Board.

Appears in 2 contracts

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

Base Salary. During the TermEmployment Period, the Executive’s Executive shall receive an annual base salary shall be of $481,000225,000, payable in accordance with the regular payroll practices of the Company. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee Chief Executive Officer of the Board (the “Compensation Committee”). The base salary Company, in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent accordance with the Company’s usual payroll standard practices for executive officersexecutives generally, and may be increased, but not decreased, as determined by the Chief Executive Officer or the Company's Compensation Committee, or their authorized designees, in their sole discretion.

Appears in 2 contracts

Sources: Employment Agreement, Employment Agreement (PharMerica CORP)

Base Salary. During The Company shall pay the Term, the Executive’s Executive an annual rate of base salary shall be of $481,000260,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws. The Executive’s base salary shall may be reviewed annually from time to time by the Board or Company, and the Compensation Committee of Company may, but shall not be required to, increase the Board (base salary during the “Compensation Committee”)Employment Term. The Executive’s annual base salary salary, as in effect at any given from time to time, is hereinafter referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 2 contracts

Sources: Employment Agreement (Kura Sushi Usa, Inc.), Employment Agreement (Kura Sushi Usa, Inc.)

Base Salary. During The Company shall pay the Term, the Executive’s Executive an annual rate of base salary shall be of $481,000340,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws. The Executive’s base salary shall be reviewed at least annually by the Board or the Compensation Committee of and the Board (may, but shall not be required to, increase the “Compensation Committee”)base salary during the Employment Term. The Executive’s annual base salary salary, as in effect at any given from time to time, is hereinafter referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 2 contracts

Sources: Employment Agreement (Kura Sushi Usa, Inc.), Employment Agreement (Kura Sushi Usa, Inc.)

Base Salary. During the Term, the Executive’s annual base salary The Executive shall be $481,000. The Executive’s base salary shall be reviewed annually by paid an annualized Base Salary, payable in accordance with the Board or the Compensation Committee regular payroll practices of the Board (the “Compensation Committee”)Company, of $550,000. The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable reviewed annually for increase in a manner that is consistent with the Company’s usual payroll practices for executive officersdiscretion of the Board.

Appears in 2 contracts

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

Base Salary. During The Company shall pay the Term, the Executive’s Executive an annual base salary shall be of $481,000450,000.00 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 reviewed at least annually by the Board or the Compensation Committee of and the Board (may, but shall not be required to, commencing in January 2020, increase the “Compensation Committee”)base salary at its discretion. The Executive’s annual base salary salary, as in effect at any given from time to time, is hereinafter referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 2 contracts

Sources: Employment Agreement (Angion Biomedica Corp.), Employment Agreement (Elicio Therapeutics, Inc.)

Base Salary. During The Company shall pay the Term, the Executive’s Executive an annual base salary shall be (the “Base Salary”) of $481,000240,000 during the Fixed Term, payable in accordance with the standard payroll practices of the Company. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent with reviewed on or about the Company’s usual payroll practices for executive officerscommence­ment of the At-Will Term and annually thereafter, at which times it shall be subject to increase or decrease at the discretion of the Board.

Appears in 2 contracts

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

Base Salary. During The Company will pay to Executive during the TermTerm a base salary at the annual rate of $350,000, payable commencing at the beginning of the Term in accordance with the Company’s usual payroll practices with respect to senior executives (except to the extent deferred under Section 5(c)). Executive’s annual base salary shall be $481,000. The Executive’s base salary shall be reviewed annually by the Board or the Executive Compensation Committee of the Board (the “Compensation Committee”)) each year of the Term. The base salary in effect at any given time is referred to herein as For purposes of this Agreement, “Base Salary” means Executive’s then-current base salary.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 2 contracts

Sources: Employment Agreement (Kilroy Realty Corp), Employment Agreement (Kilroy Realty Corp)

Base Salary. During the Term, the Company shall pay Executive a base salary at an annual rate of $550,000, payable in accordance with the Company’s normal payroll practices for employees as in effect from time to time. Executive’s annual base salary shall be $481,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary salary, as in effect at any given from time to time, is hereinafter referred to herein as the “Base Salary.” The Base Salary shall be payable in subject to annual review for potential increase (but not decrease) by the Board (or a manner that is consistent with duly authorized committee of the Company’s usual payroll practices for executive officersBoard).

Appears in 2 contracts

Sources: Employment Agreement (Presidio Investment Holdings LLC), Employment Agreement (Presidio Investment Holdings LLC)

Base Salary. During The Company shall pay the Term, the Executive’s Executive an annual rate of base salary shall be of $481,000800,000 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 reviewed at least annually by the Board or the Compensation Committee of and the Board (may increase or decrease the “Compensation Committee”)Executive’s base salary during the Employment Term. The Executive’s annual base salary salary, as in effect at any given from time to time, is hereinafter referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 2 contracts

Sources: Employment Agreement (Dragonfly Energy Holdings Corp.), Employment Agreement (Dragonfly Energy Holdings Corp.)

Base Salary. During Effective as of the TermEffective Date, the Executive’s annual Executive shall receive a base salary shall be at the annualized rate of $481,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board 450,000 (the “Compensation CommitteeBase Salary”), paid in equal bi-monthly installments in accordance with the Company’s regularly established payroll procedure. The base salary in effect at any given time is referred to herein as “Base Salary.” The Such Base Salary shall be payable in a manner that is consistent with reviewed by the Company’s usual payroll practices for executive officerscompensation committee and the Board in the first quarter of each fiscal year; any adjustment to the Executive’s Base Salary shall be retroactively effective as of the first day of such fiscal year.

Appears in 2 contracts

Sources: Employment Agreement, Employment Agreement (Nabriva Therapeutics PLC)

Base Salary. During the TermTerm of Employment, the Executive’s annual base salary Executive shall be $481,000. The Executive’s base salary shall be reviewed annually by paid an annualized gross Base Salary, payable in accordance with the Board or the Compensation Committee regular payroll practices of the Board (the “Compensation Committee”)Company, of $300,000. The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable reviewed annually for increase (but not decrease) in a manner that is consistent with the Company’s usual payroll practices for executive officerssole discretion of the Board.

Appears in 2 contracts

Sources: Employment Agreement (Endurance International Group Holdings, Inc.), Employment Agreement (Endurance International Group Holdings, Inc.)

Base Salary. During The Company will pay to the Term, the Executive’s annual Executive an annualized base salary shall to be $481,000determined from time to time and reviewed annually, which may be adjusted at the Company’s discretion (“Base Salary”). The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall will be payable paid in a manner installments that is consistent correspond with the Company’s usual normal payroll practices for executive officerspractices.

Appears in 2 contracts

Sources: Executive Employment Agreement (DSW Inc.), Executive Employment Agreement (DSW Inc.)

Base Salary. During The Executive shall receive a base salary, payable not less frequently than monthly in arrears, at the Termannual rate of $170,000. The Board of Directors of the Company shall review the Executive's base salary annually to determine whether such salary should be increased based upon the Company's performance and/or the Executive's performance and upon such other criteria as the directors shall consider in their sole discretion. (In this Agreement, the Executive’s annual base salary shall be $481,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “term "Base Salary" shall mean the amount established and adjusted from time to time pursuant to this paragraph (a).” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.)

Appears in 2 contracts

Sources: Employment Agreement (Oshkosh Truck Corp), Employment Agreement (Oshkosh Truck Corp)

Base Salary. During the Termterm of the Executive's employment hereunder, the Executive’s Company will pay to the Executive an annual base salary shall of $240,000, such salary to be $481,000paid in conformity with the Company's policies relating to salaried employees. The Executive’s 's base salary shall will be reviewed annually subject to annual review and may be increased, but not decreased, by the Company's Board or of Directors, based on the Compensation Committee recommendation of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base SalaryDesignated Person.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 2 contracts

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

Base Salary. During the Term, the Executive’s annual base salary shall be $481,000390,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 2 contracts

Sources: Employment Agreement (resTORbio, Inc.), Employment Agreement (Xeris Pharmaceuticals Inc)

Base Salary. During Commencing as of the TermEffective Date, the Executive’s annual base salary Executive shall be paid an annualized Base Salary of $481,000. The Executive’s base salary shall be reviewed annually by 420,000, payable in accordance with the Board or the Compensation Committee regular payroll practices of the Board (the “Compensation Committee”)Company. The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable reviewed no less frequently than annually for increase in a manner that is consistent with the Company’s usual payroll practices for executive officersdiscretion of the CEO and, if applicable, the Board.

Appears in 2 contracts

Sources: Employment Agreement (Ikon Office Solutions Inc), Employment Agreement (Ikon Office Solutions Inc)

Base Salary. During The Company shall pay the Term, Executive a base salary (the "Base Salary") during the period of the Executive’s annual base salary 's employment hereunder, which shall be at an initial rate of Two Hundred and Seventy-One Thousand Dollars ($481,000271,000.00) per annum. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable paid in a manner that is consistent accordance with the Company’s usual 's standard payroll practices practices. The Base Salary shall be reviewed for executive officerspossible increase on an annual basis and shall not be decreased during the Term.

Appears in 2 contracts

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

Base Salary. During Executive’s employment with the TermCompany, the Executive’s annual Company shall pay Executive a base salary shall be $481,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be ”) at the annual rate of $275,000.00 (Two Hundred Seventy Five Thousand Dollars and Zero Cents), payable in a manner that is consistent regular installments in accordance with the Company’s usual payroll practices for executive officerspayment practices. Executive’s Base Salary will be reviewed on an annual basis and may be increased at the sole discretion of the Chairman/CEO.

Appears in 1 contract

Sources: Employment Agreement (American Media Operations Inc)

Base Salary. During the Termperiod of Executive’s employment under this Agreement, the Executive’s Company shall pay Executive an annual base salary shall be (“Annual Base Salary”) at an annual rate equal to not less than Two Hundred Seventy Seven Thousand Dollars and No/100 Dollars ($481,000. The Executive’s base salary 277,000.00), which shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”)Board. The base salary in effect at any given time is referred to herein as “Base Salary.” The Executive’s Annual Base Salary shall be payable paid in a manner that is consistent accordance with the Company’s usual payroll standard practices for executive officersother senior corporate executives of the Company.

Appears in 1 contract

Sources: Employment Agreement (Protection One Alarm Monitoring Inc)

Base Salary. During The Company shall pay the Term, the Executive’s annual Executive a base salary shall be at an annualize rate of $481,000330,000 payable in equal semimonthly installments in accordance with the Company’s customary payroll practices. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”)Board. The Executive’s annual base salary salary, as in effect at any given from time to time, is hereinafter referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 1 contract

Sources: Executive Employment Agreement (Cytosorbents Corp)

Base Salary. During the Term, The Company shall pay the Executive’s annual , not less than once a month pursuant to the Company's normal and customary payroll procedures, a base salary shall be at the rate of $481,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board 760,000 per annum (the “Compensation Committee”"Base Salary"). The base salary in effect at any given time is referred to herein as “Base Salary.” The Company shall review the Executive's Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officersannually.

Appears in 1 contract

Sources: Employment Agreement (J Crew Group Inc)

Base Salary. During the TermEmployment Period, the Executive’s Executive shall receive an annual base salary shall be of $481,000275,000 payable in accordance with the regular payroll practices of Employer. The Executive’s 's base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary Employer, in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent accordance with the Company’s usual payroll Employer's standard practices for executive officersexecutives generally, and may be increased, but not decreased, as determined by Employer, in its sole discretion, or by any person or persons to whom Employer has delegated such authority.

Appears in 1 contract

Sources: Employment Agreement (Arcadia Resources, Inc)

Base Salary. During the TermFor all services rendered by Executive under this Agreement, the Executive’s Company agrees to pay Executive an annual base salary shall be of $481,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board 464,530 (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base Salary.” The ”), effective on the Effective Date Base Salary shall be payable to Executive in a manner that is such installments, but not less frequently than monthly, as are consistent with the Company’s usual payroll practices practice for executive officersits other executives. Executive’s Base Salary shall be reviewed for an increase at least once annually by the Board.

Appears in 1 contract

Sources: Employment Agreement (Celsius Holdings, Inc.)

Base Salary. During the Term, the Executive’s annual base salary The Executive shall be paid a fixed salary (“Base Salary”) of $481,000500,000 per annum as of the effective date of this Agreement. The Executive’s base salary shall Base Salary amount will be reviewed annually by in the Board or manner generally applicable to the Compensation Committee of Company’s Vice Chairs and may be increased, but not decreased, during the Board (the “Compensation Committee”)Term. The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent accordance with the Company’s usual customary payroll practices for executive officersof the Companies, but in no event less frequently than monthly.

Appears in 1 contract

Sources: Employment Agreement (Mellon Financial Corp)

Base Salary. During the Employment Term, the Company shall pay Executive an annual base salary of $462,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment and withholding laws, but no less frequently than monthly. Executive’s annual base salary shall be $481,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary salary, as in effect at any given from time to time, is referred to herein as “Base Salary.” The Executive’s Base Salary shall be payable in a manner that is consistent with reviewed by the Company’s usual payroll practices for executive officersCompany at least annually.

Appears in 1 contract

Sources: Executive Employment Agreement (Benson Hill, Inc.)

Base Salary. During the Term, the Executive’s annual base salary The Executive shall be paid an annualized Base Salary of $481,000. The Executive’s base salary shall be reviewed annually by 290,000, payable in accordance with the Board or the Compensation Committee regular payroll practices of the Board (the “Compensation Committee”)Company. The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable reviewed in a manner that is consistent with October 2000 and no less frequently than annually thereafter for increase in the Company’s usual payroll practices for executive officersdiscretion of the CEO and, if applicable, the Board.

Appears in 1 contract

Sources: Employment Agreement (Ikon Office Solutions Inc)

Base Salary. During Commencing as of the TermEffective Date, the Executive’s annual base salary Executive shall be paid an annualized Base Salary of $481,000. The Executive’s base salary shall be reviewed annually by 825,000, payable in accordance with the Board or the Compensation Committee regular payroll practices of the Board (the “Compensation Committee”)Company. The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable reviewed no less frequently than annually for increase in a manner that is consistent with the Company’s usual payroll practices for executive officersdiscretion of the Board.

Appears in 1 contract

Sources: Employment Agreement (Ikon Office Solutions Inc)

Base Salary. During the Term, the Executive’s annual base salary shall be $481,000318,270. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 1 contract

Sources: Employment Agreement (AVROBIO, Inc.)

Base Salary. During the Term, the Executive’s annual base salary shall be $481,000309,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 1 contract

Sources: Employment Agreement (scPharmaceuticals Inc.)

Base Salary. During The Company shall pay the Term, the Executive’s Executive an annual rate of base salary shall be of $481,000600,000 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 reviewed at least annually by the Board or the Compensation Committee of and the Board (may increase but not decrease the “Compensation Committee”)Executive’s base salary during the Employment Term. The Executive’s annual base salary salary, as in effect at any given from time to time, is hereinafter referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 1 contract

Sources: Employment Agreement (Star Jets International Inc.)

Base Salary. During the Term, the The Executive’s annual base salary rate shall be $481,000165,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”)Company. The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officerssenior employees.

Appears in 1 contract

Sources: Employment Agreement (Aastrom Biosciences Inc)

Base Salary. During the Term, the Executive’s annual Executive will be paid a base salary shall be ("Base Salary") at the annual rate of $481,000206,636. The Executive’s base salary shall annual Base Salary will be reviewed annually by the Board President or the Compensation Committee CEO on or before April 1 of the Board each year (the “Compensation Committee”commencing in 2002). The base salary in effect at any given time is referred , unless Executive's employment has been terminated earlier pursuant to herein as “Base Salary.” The this Agreement, to determine if such Base Salary shall should be payable increased for the following year in a manner that is consistent with the recognition of services to Company’s usual payroll practices for executive officers.

Appears in 1 contract

Sources: Employment Agreement (Rentrak Corp)

Base Salary. During The Company shall pay the Term, the Executive’s Executive an annual rate of base salary of $300,000. Such base salary shall be $481,000paid consistently with the Company’s then current pay practices. The Executive’s base salary shall be reviewed at least annually by the Board or the Compensation Committee of and the Board may, but shall not be required to, increase (but not decrease) the “Compensation Committee”)base salary during the Employment Term. The Executive’s annual base salary salary, as in effect at any given from time to time, is hereinafter referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 1 contract

Sources: Employment Agreement (PLX Pharma Inc.)

Base Salary. During the Term, the The Executive’s annual base salary shall be $481,000. The Executive’s base salary shall be reviewed annually $ , which is subject to review and redetermination by [the Board or the Board]5[the Compensation Committee of the Board (the “Compensation Committee”)Committee]6. The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officerssenior executives.

Appears in 1 contract

Sources: Employment Agreement (Magenta Therapeutics, Inc.)

Base Salary. During The Company shall pay to the Term, the Executive’s Executive an annual base salary shall (the "Base Salary") of not less than $300,000 per year, or such greater amount as may be $481,000determined by the Board of Directors, upon a review of the Executive's performance. The Executive’s base salary 's Base Salary shall be reviewed annually by at least annually, with the Board or first such review to be completed no later than June 30, 1998. During the Compensation Committee term of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base Salary.” The employment, Executive's Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers's normal practice, but not less frequently than in equal monthly installments on the last business day of each month throughout the term of this Agreement.

Appears in 1 contract

Sources: Employment Agreement (MPW Industrial Services Group Inc)

Base Salary. During the Employment Term, the Executive’s Company shall pay Executive an annual base salary shall be of $481,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board 750,000 per annum in cash (the “Compensation CommitteeAnnual Base Salary”). The base salary in effect at any given time is referred to herein as “Base Salary.” The Executive’s Annual Base Salary will be subject to annual review by the Board. The Annual Base Salary due to Executive hereunder shall be payable paid in a manner that is consistent accordance with the Company’s usual general Company payroll practices for executive officerspractices.

Appears in 1 contract

Sources: Employment Agreement (Hospitality Investors Trust, Inc.)

Base Salary. During Commencing as of the TermEffective Date, the Executive’s annual base salary Executive shall be paid an annualized Base Salary of $481,000. The Executive’s base salary shall be reviewed annually by 325,000, payable in accordance with the Board or the Compensation Committee regular payroll practices of the Board (the “Compensation Committee”)Company. The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable reviewed no less frequently than annually for increase in a manner that is consistent with the Company’s usual payroll practices for executive officersdiscretion of the CEO and, if applicable, the Board.

Appears in 1 contract

Sources: Senior Executive Employment Agreement (Ikon Office Solutions Inc)

Base Salary. During The Company shall pay the Term, the Executive’s Executive an annual rate of base salary of $160,000. Such base salary shall be $481,000paid consistently with the Company’s then current pay practices. The Executive’s base salary shall be reviewed at least annually by the Board or the Compensation Committee of and the Board (may, but shall not be required to, increase or decrease the “Compensation Committee”)base salary during the Employment Term, at the Board’s discretion. The Executive’s annual base salary salary, as in effect at any given from time to time, is hereinafter referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 1 contract

Sources: Employment Agreement (PLX Pharma Inc.)

Base Salary. During the Term, the The Executive’s annual base salary rate shall be $481,000350,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”)Company. The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officerssenior employees.

Appears in 1 contract

Sources: Employment Agreement (Aastrom Biosciences Inc)

Base Salary. During the Term, Executive’s base salary shall be at the rate of $750,000 per annum, payable in regular installments in accordance with the Company’s usual payroll practices. Executive’s annual base salary shall be $481,000. The Executive’s base salary shall be reviewed annually subject to annual review for increase (but not decrease) by the Board (or the Compensation Committee a duly authorized committee of the Board Board) (the “Compensation Committee”). The such annual base salary in effect at any given as may be increased from time is referred to herein as time, the “Base Salary”).” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 1 contract

Sources: Employment Agreement (Bountiful Co)

Base Salary. During the Termperiod of Executive’s employment under this Agreement, the Executive’s Company shall pay Executive an annual base salary shall be (“Annual Base Salary”) at an annual rate equal to not less than One Hundred Seventy Five Thousand and No/100 Dollars ($481,000. The Executive’s base salary 175,000.00), which shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”)Board. The base salary in effect at any given time is referred to herein as “Base Salary.” The Executive’s Annual Base Salary shall be payable paid in a manner that is consistent accordance with the Company’s usual payroll standard practices for executive officersother senior corporate executives of the Company.

Appears in 1 contract

Sources: Employment Agreement (Protection One Alarm Monitoring Inc)

Base Salary. During For the Employment Term, while Executive is employed by the Company, the Company shall pay Executive a base salary (the "Base Salary") at the annual rate of not less than $400,000, payable bi-weekly in arrears, in accordance with the usual payment practices of the Company. Executive’s annual base salary Base Salary shall be $481,000. The Executive’s base salary shall be reviewed annually subject to periodic review by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base SalaryBoard, not less frequently than annually, beginning January 1, 2006.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 1 contract

Sources: Employment Agreement (Brand Intermediate Holdings Inc)

Base Salary. During the Term, the Executive’s annual Company shall pay the Executive an annualized base salary shall be (“Annual Base Salary”) at a rate of $481,000875,000, payable in regular installments in accordance with the Company’s normal payroll practices. The Executive’s base salary During the Term, the Annual Base Salary shall be reviewed annually by the Board or a committee thereof, for increase or decrease, at such time as the Compensation Committee salaries of other senior executives of the Board (Company are reviewed generally. If so adjusted, the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base Salary.” The Annual Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices adjusted for executive officersall purposes of this Agreement.

Appears in 1 contract

Sources: Employment Agreement (Jo-Ann Stores Inc)

Base Salary. During The Company will pay to Executive during the TermTerm a base salary at the initial annual rate of $125,000, payable in cash in accordance with the Company’s usual payroll practices with respect to senior executives. Executive’s annual base salary shall be $481,000. The Executive’s base salary shall be reviewed annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary at least once in effect at any given time is referred to herein as “Base Salaryeach calendar year.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Appears in 1 contract

Sources: Employment Agreement (Web Street Inc //)