Base Salary. The Executive shall receive a base salary at the annual rate of $250,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time.
Appears in 5 contracts
Sources: Employment Agreement (Metropolitan Health Networks Inc), Employment Agreement (Terremark Worldwide Inc), Employment Agreement (Metropolitan Health Networks Inc)
Base Salary. The Executive shall receive a base salary at the annual rate of One Hundred Eighty Thousand ($250,000.00 180,000) Dollars (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time.
Appears in 5 contracts
Sources: Employment Agreement (World Commerce Online Inc), Employment Agreement (World Commerce Online Inc), Employment Agreement (World Commerce Online Inc)
Base Salary. The Executive shall receive a base salary at the annual rate of $250,000.00 825,000 per year. Such base salary shall be subject to periodic increase (but no decrease) from time to time as determined by the "Beacon Board in its sole discretion (as may increase from time to time, “Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes”). The Base Salary shall be reviewed, payable in such manner and at least annually, for merit increases and may, by action and in such times as the sole discretion of the Board, be increased at any time or from time Company shall pay base salary to timeother similarly situated executive employees.
Appears in 4 contracts
Sources: Employment Agreement, Employment Agreement (BJ's Wholesale Club Holdings, Inc.), Employment Agreement (BJ's Wholesale Club Holdings, Inc.)
Base Salary. The From the Effective Date, the Executive shall be entitled to receive a base salary at the annual rate of $250,000.00 (the "Base Salary") during the Term at a rate of Employment$340,252 per annum, with such Base Salary payable in arrears in equal installments consistent not less frequently than weekly in accordance with the Company's normal payroll schedulepractices, subject to applicable withholding and other taxeswith such increases as may be provided in accordance with the terms hereof. The Once increased, such higher amount shall constitute the Executive's annual Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to timeSalary.
Appears in 4 contracts
Sources: Employment Agreement (Atlantic Express Transportation Corp), Employment Agreement (Atlantic Express Transportation Corp), Employment Agreement (Atlantic Express Transportation Corp)
Base Salary. The Executive shall receive a an initial base salary at the annual rate of $250,000.00 180,000 per annum (the "Base Salary") during the Term of Employment, with such ). Such Base Salary shall be payable in installments consistent with the Company's ’s normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary and Executive’s other forms of compensation shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased (but may not be decreased) at any time or from time to time. In no event shall the Base Salary be deemed a Draw.
Appears in 4 contracts
Sources: Merger Agreement (National Holdings Corp), Merger Agreement (Vfinance Inc), Agreement and Plan of Merger (National Holdings Corp)
Base Salary. The Executive shall receive a base salary at the annual rate of $250,000.00 (the "Base Salary") during at least equal to the Term of Employment, with such Base Salary payable in installments consistent with paid to the Company's normal payroll schedule, subject Executive by the Corporation within one year prior to applicable withholding and other taxesthe Change Date. The Base Salary shall be reviewed, reviewed at least annually, for merit increases once each year and may, by action and in the sole discretion of the Board, shall be increased at any time or and from time to timetime by action of the President, Board or any committee thereof. The Base Salary shall be paid in accordance with the Corporation's regular practices.
Appears in 4 contracts
Sources: Change of Control Agreement (Rainbow Technologies Inc), Change of Control Agreement (Rainbow Technologies Inc), Change of Control Agreement (Rainbow Technologies Inc)
Base Salary. The During the Term, Executive shall receive a base salary at (the annual rate “Base Salary”) of $250,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes380,000 per year. The Base Salary shall be reviewed, at least annually, for merit increases and may, reviewed annually by action and in the sole discretion Board of Directors of the Company (the “Board, ”) and may be increased at any (but not reduced) from time or to time by the Board in its sole discretion. The Base Salary shall be paid in accordance with the Company’s customary payroll practices, as in effect from time to time, but no less often than monthly.
Appears in 4 contracts
Sources: Employment Agreement (Trade Desk, Inc.), Employment Agreement (Trade Desk, Inc.), Employment Agreement (Trade Desk, Inc.)
Base Salary. The During the Term, Executive shall receive a base salary at (the annual rate “Base Salary”) of $250,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes360,000 per year. The Base Salary shall be reviewed, at least annually, for merit increases and may, reviewed annually by action and in the sole discretion Board of Directors of the Company (the “Board, ”) and may be increased at any (but not reduced) from time or to time by the Board in its sole discretion. The Base Salary shall be paid in accordance with the Company’s customary payroll practices, as in effect from time to time, but no less often than monthly.
Appears in 4 contracts
Sources: Employment Agreement (Trade Desk, Inc.), Employment Agreement (Trade Desk, Inc.), Employment Agreement (Trade Desk, Inc.)
Base Salary. The As of the Effective Date, Executive shall receive a an annual base salary at the annual rate (“Base Salary”) of $250,000.00 (the "Base Salary") during the Term of Employment500,000 per year, with such Base Salary payable in installments consistent accordance with the Company's ’s normal payroll schedule, subject to applicable withholding procedures and other taxes. The Base Salary shall may be reviewed, at least annually, for merit increases and may, increased (but not decreased) by action and the CEO together with the Compensation Committeee (as defined below) in the its sole discretion (such salary, as may be increased, the “Base Salary”). For the avoidance of doubt, the Board, be increased at position is exempt from any time or from time to timeand all overtime laws.
Appears in 3 contracts
Sources: Employment Agreement (Virtu Financial, Inc.), Employment Agreement (Virtu Financial, Inc.), Employment Agreement (Virtu Financial, Inc.)
Base Salary. The Executive shall receive a base salary at the annual rate of $250,000.00 350,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time.
Appears in 3 contracts
Sources: Employment Agreement (Terremark Worldwide Inc), Employment Agreement (Terremark Worldwide Inc), Employment Agreement (Terremark Worldwide Inc)
Base Salary. The Executive shall receive a base salary at the annual rate of $250,000.00 (the "Base Salary") during During the Term of Employment, with such the Executive shall be entitled to receive an annualized base salary (the “Base Salary”) of not less than $800,000. The Compensation Committee of the Board of Directors (the “Compensation Committee”) shall review the Executive’s Base Salary payable in installments consistent with the Company's normal payroll schedule, subject annually to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit determine whether increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to timeare appropriate.
Appears in 3 contracts
Sources: Employment Agreement (Mfa Financial, Inc.), Employment Agreement (Mfa Financial, Inc.), Employment Agreement (Mfa Financial, Inc.)
Base Salary. The Executive shall receive a an annual base salary at the annual rate of $250,000.00 (the "Base Salary") during of not less than his annual salary immediately prior to the Term of Employment, with such Base Salary Effective Date (payable in installments consistent with equal semi-monthly installments) from the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases reviewed and may, by action and in the sole discretion of the Board, may be increased at any time or and from time to timetime in accordance with the Company's regular practices, and shall be reviewed at least annually by the Organization and Compensation Committee of its Board of Directors.
Appears in 3 contracts
Sources: Employment Agreement (CMS Energy Corp), Employment Agreement (CMS Energy Corp), Employment Agreement (CMS Energy Corp)
Base Salary. The Executive shall receive will be paid a base salary at the annual initial rate of two hundred and fifty thousand dollars ($250,000.00 250,000.00) per year (the "“Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes”). The Base Salary shall be reviewedsubject to annual review for additional increase, at least annuallybut not decrease, for merit increases and may, by action and in the sole discretion of the Board, . The Base Salary will be increased at any time or from time to timepayable in equal periodic installments in accordance with Chanticleer customary payroll practices.
Appears in 3 contracts
Sources: Employment Agreement, Employment Agreement (Amergent Hospitality Group, Inc), Employment Agreement (Chanticleer Holdings, Inc.)
Base Salary. The Executive shall receive a base salary Base Salary at the annual rate of $250,000.00 (the "Base Salary") 250,000 during the Term of Employment, with such Base Salary payable in installments consistent with the Company's ’s normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Compensation Committee of the Board, be increased at any time or from time to time, but may not be decreased from the then current Base Salary.
Appears in 3 contracts
Sources: Employment Agreement (Terremark Worldwide Inc.), Employment Agreement (Terremark Worldwide Inc), Employment Agreement (Terremark Worldwide Inc.)
Base Salary. The During the Term, Executive shall receive a an aggregate annual base salary (“Base Salary”) at the annual an initial rate of $250,000.00 (the "Base Salary") during the Term of Employment950,000, with such Base Salary payable in installments consistent accordance with the Company's normal ’s applicable payroll schedule, subject to applicable withholding and other taxespractices. The Base Salary shall be reviewed, at least annually, for merit increases reviewed annually by the Board and may, by action and increased (but not decreased) in the Board’s sole discretion of discretion. References in this Agreement to Base Salary shall be deemed to refer to the Board, be increased at any time or from time to timemost recently effective annual base salary rate.
Appears in 3 contracts
Sources: Employment Agreement (Vistra Energy Corp), Employment Agreement (Vistra Energy Corp), Employment Agreement (Energy Future Competitive Holdings Co LLC)
Base Salary. The As of the Effective Date, Executive shall receive a an annual base salary at the annual rate (“Base Salary”) of $250,000.00 (the "Base Salary") during the Term of Employment600,000 per year, with such Base Salary payable in installments consistent accordance with the Company's ’s normal payroll schedule, subject to applicable withholding procedures and other taxes. The Base Salary shall may be reviewed, at least annually, for merit increases and may, increased (but not decreased) by action and the CEO together with the Compensation Committee (as defined below) in the its sole discretion (such salary, as may be increased, the “Base Salary”). For the avoidance of doubt, the Board, be increased at position is exempt from any time or from time to timeand all overtime laws.
Appears in 3 contracts
Sources: Employment Agreement (Virtu Financial, Inc.), Employment Agreement (Virtu Financial, Inc.), Employment Agreement (Virtu Financial, Inc.)
Base Salary. The Executive shall receive a an initial base salary at the annual rate of One Hundred Seventy Thousand Dollars ($250,000.00 170,000.00) (the "Base Salary") during the Term of Employment), with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall also be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time.
Appears in 3 contracts
Sources: Employment Agreement (Hte Inc), Employment Agreement (Hte Inc), Employment Agreement (Hte Inc)
Base Salary. The Executive shall receive a base salary Base Salary at the annual rate of $250,000.00 500,000.00 (the "Base Salary"Five Hundred Thousand and 00/100 Dollars) during the Term of Employment, with such Base Salary payable in installments consistent with the Company's ’s normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time.
Appears in 3 contracts
Sources: Executive Employment Agreement (Atlantic International Corp.), Executive Employment Agreement (SeqLL, Inc.), Executive Employment Agreement (SeqLL, Inc.)
Base Salary. The Executive shall will receive a from the Employer an annual aggregate base salary at the annual rate of Five Hundred Thousand Dollars ($250,000.00 500,000) (the "“Base Salary") during ”), payable in accordance with the Term standard practice of Employment, with such the Employer in the payment of salaries of its employees but no less frequently than monthly. The Board will review the Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action in its sole and in absolute discretion, increase the sole discretion of the Board, Base Salary. The Executive’s Base Salary may not be increased at any time or from time to timereduced.
Appears in 3 contracts
Sources: Contribution Agreement, Contribution Agreement (Liquid Holdings Group LLC), Contribution Agreement (Liquid Holdings Group LLC)
Base Salary. The Executive shall receive a base salary at the annual rate of $250,000.00 150,000.00 (the "“Base Salary"”) during the Term of Employment, with such Base Salary payable in installments consistent with the Company's ’s normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time.
Appears in 3 contracts
Sources: Employment Agreement (Datrek Miller International, Inc.), Employment Agreement (Datrek Miller International, Inc.), Employment Agreement (Datrek Miller International, Inc.)
Base Salary. The During the Term, Executive shall receive a base salary at of no less than $1,000,000 per year, payable in accordance with the annual rate usual payroll practices of $250,000.00 the Company (the "“Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time”).
Appears in 3 contracts
Sources: Employment Agreement (Las Vegas Sands Corp), Employment Agreement (Las Vegas Sands Corp), Employment Agreement (Las Vegas Sands Corp)
Base Salary. The During the Term, Executive shall receive a an aggregate annual base salary (“Base Salary”) at the annual an initial rate of $250,000.00 (the "Base Salary") during the Term of Employment750,000, with such Base Salary payable in installments consistent accordance with the Company's normal ’s applicable payroll schedule, subject to applicable withholding and other taxespractices. The Base Salary shall be reviewed, at least annually, for merit increases reviewed annually by the Board and may, by action and increased (but not decreased) in the Board’s sole discretion of discretion. References in this Agreement to Base Salary shall be deemed to refer to the Board, be increased at any time or from time to timemost recently effective annual base salary rate.
Appears in 3 contracts
Sources: Employment Agreement (Vistra Energy Corp), Employment Agreement (Vistra Energy Corp), Employment Agreement (Energy Future Competitive Holdings Co LLC)
Base Salary. The Executive shall receive a base salary Base Salary at the annual annualized rate of $250,000.00 (the "Base Salary") 400,000 during the Term of Employment, with such Base Salary payable in installments consistent with the Company's ’s normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time, but may not be decreased from the then current Base Salary.
Appears in 3 contracts
Sources: Executive Employment Agreement (Leap Therapeutics, Inc.), Executive Employment Agreement (Leap Therapeutics, Inc.), Executive Employment Agreement (Leap Therapeutics, Inc.)
Base Salary. The During the Employment Term, the Executive shall be entitled to receive a base salary (“Base Salary”) at the annual rate of at least One Million One Hundred Thousand Dollars ($250,000.00 (1,100,000.00) for services rendered to the "Base Salary") during the Term Company or any of Employmentits direct or indirect subsidiaries, with such Base Salary payable in installments consistent accordance with the Company's normal ’s regular payroll schedule, subject to applicable withholding and other taxespractices (but no less frequently than monthly). The Executive’s Base Salary shall will be reviewed, at least annually, for merit increases reviewed annually by the Compensation Committee of the Board and may, by action and may be adjusted in the sole discretion of the Board, be increased at any time or from time to timeCompensation Committee’s discretion.
Appears in 3 contracts
Sources: Employment Agreement, Employment Agreement, Employment Agreement (World Wrestling Entertainmentinc)
Base Salary. The Executive shall receive a be compensated at an annual base salary at the annual rate of which initially shall be Two Hundred Seventy Five Thousand Dollars ($250,000.00 275,000) (the "“Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes”). The Base Salary shall be reviewed, at least annually, reviewed for merit increases and may, increase (if any) each year by action and in the sole discretion Compensation Committee of the BoardCorporation’s Board of Directors and (the “Compensation Committee”), with the first such review to occur in respect of the Base Salary to be increased at any time or from time to timepaid for the calendar year commencing January 1, 2014.
Appears in 3 contracts
Sources: Employment Agreement (Alliancebernstein Holding L.P.), Employment Agreement (Alliancebernstein Holding L.P.), Employment Agreement (Alliancebernstein L.P.)
Base Salary. The During the Term, Executive shall receive a an aggregate annual base salary (“Base Salary”) at the annual an initial rate of $250,000.00 (the "Base Salary") during the Term of Employment415,000, with such Base Salary payable in installments consistent accordance with the Company's normal ’s applicable payroll schedule, subject to applicable withholding and other taxespractices. The Base Salary shall be reviewed, at least annually, for merit increases reviewed annually by the Board and may, by action and increased (but not decreased) in the Board’s sole discretion of discretion. References in this Agreement to Base Salary shall be deemed to refer to the Board, be increased at any time or from time to timemost recently effective annual base salary rate.
Appears in 3 contracts
Sources: Employment Agreement (Vistra Energy Corp), Employment Agreement (Vistra Energy Corp), Employment Agreement (Energy Future Competitive Holdings Co LLC)
Base Salary. The Executive shall receive a base salary (“Base Salary”) at the annual initial rate of Two Hundred Twenty-Five Thousand Dollars ($250,000.00 (the "Base Salary"225,000) during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxesper year. The Executive’s Base Salary shall be reviewed, at least annually, for merit subject to discretionary increases and may, (but not decreases) based on an annual review by action and the Company’s Board of Directors or its Compensation Committee. Executive’s Base Salary shall be paid in accordance with the sole discretion standard payroll practices of the Board, be increased at any time or Company in effect from time to time.
Appears in 2 contracts
Sources: Employment Agreement (Quad/Graphics, Inc.), Employment Agreement (Quad/Graphics, Inc.)
Base Salary. The During the Term, Executive shall receive a an aggregate annual base salary (“Base Salary”) at the annual an initial rate of $250,000.00 (the "Base Salary") during the Term of Employment1,200,000, with such Base Salary payable in installments consistent accordance with the Company's normal ’s applicable payroll schedule, subject to applicable withholding and other taxespractices. The Base Salary shall be reviewed, at least annually, for merit increases reviewed annually by the Board and may, by action and increased (but not decreased) in the Board’s sole discretion of discretion. References in this Agreement to Base Salary shall be deemed to refer to the Board, be increased at any time or from time to timemost recently effective annual base salary rate.
Appears in 2 contracts
Sources: Employment Agreement (Vistra Corp.), Employment Agreement (Vistra Corp.)
Base Salary. The Executive shall receive a be paid an annual base salary at the annual rate of $250,000.00 (the "a “Base Salary"”) during the Term of Employmentone hundred and seventy five thousand per annum ($175,000), with such Base Salary payable in installments consistent accordance with the Company's Employer’s normal payroll schedule, practices and subject to applicable withholding an annual review and possible upward adjustment pursuant to such annual review by the Board based on Executive’s performance hereunder. All payments hereunder shall be subject to the deduction of payroll taxes and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases withholdings and may, assessments as required by action and in the sole discretion of the Board, be increased at any time or from time to timelaw.
Appears in 2 contracts
Sources: Executive Agreement, Executive Agreement (Global Imaging Systems Inc)
Base Salary. The (a) Executive shall receive a an initial annual base salary at the annual rate of $250,000.00 two hundred and twenty thousand dollars (US$220,000.00), payable bi-monthly in arrears (the "“Base Salary"”) during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, and subject to all applicable withholding and other taxesrequirements. The Base Salary shall be reviewed, at least annually, reviewed by the Board annually for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to timeadequacy.
Appears in 2 contracts
Sources: Employment Agreement (Mam Software Group, Inc.), Employment Agreement (Aftersoft Group)
Base Salary. The Executive shall receive a base salary at the annual rate of $250,000.00 (the "Base Salary"" at the rate of Eighty Thousand Dollars ($80,000) during the Term of Employmentper annum, with such Base Salary payable in periodic installments consistent in accordance with the Company's normal regular payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion practices of the Board, be increased at any time or from time to timeEmployer.
Appears in 2 contracts
Sources: Employment Agreement (Wellington Properties Trust), Employment Agreement (Wellington Properties Trust)
Base Salary. The During the Term, Executive shall receive a base salary at (the annual rate “Base Salary”) of $250,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes400,000 per year. The Base Salary shall be reviewed, at least annually, for merit increases and may, reviewed annually by action and in the sole discretion Board of Directors of the Company (the “Board, ”) and may be increased at any (but not reduced) from time or to time by the Board in its sole discretion. The Base Salary shall be paid in accordance with the Company’s customary payroll practices, as in effect from time to time, but no less often than monthly.
Appears in 2 contracts
Sources: Employment Agreement (Trade Desk, Inc.), Employment Agreement (Trade Desk, Inc.)
Base Salary. The Executive shall receive a an annual base salary at of Four Hundred Ten Thousand Dollars ($410,000), effective as of the annual rate commencement of $250,000.00 employment (the "Base “Salary") ”), plus any salary increases authorized during the Term of EmploymentAgreement Term, with such Base Salary if any, payable in installments consistent accordance with the Company's normal ’s payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to timecycle.
Appears in 2 contracts
Sources: Employment Agreement (Telos Corp), Employment Agreement (Telos Corp)
Base Salary. The During the Term, the Executive shall receive a base salary (as may be increased from time to time, “Base Salary”), paid in accordance with the normal payroll practices of Employer, at the an annual rate of $250,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes1,000,000. The Base Salary shall be reviewedreviewed from time to time in accordance with Employer’s policies and practices, at least annuallybut no less frequently than once annually and may be increased, for merit increases and maybut not decreased from its then current level, by action and in the sole discretion of the Board, be increased at any time or and from time to timetime by action of the Compensation Committee and Board.
Appears in 2 contracts
Sources: Executive Employment Agreement (Hershey Co), Executive Employment Agreement (Hershey Co)
Base Salary. The Executive shall receive a base salary at the annual rate of equal to one hundred and fifteen thousand dollars ($250,000.00 115,000) per annum (the "Base Salary") during the Term of Employment), with such which Base Salary payable shall be paid in installments consistent accordance with the Company's normal generally applicable payroll schedule, subject to applicable withholding practices and procedures (or in such other taxesmanner as the Executive and the Company may otherwise agree). The Base Salary shall be reviewedreviewed for adjustment by the Board annually (commencing on or about January 1, at least annually2002, for merit increases and may, by action and in on or about each January 1 thereafter during the sole discretion of the Board, be increased at any time or from time to timeEmployment Period).
Appears in 2 contracts
Sources: Employment Agreement (Mining Services International Corp/), Employment Agreement (Mining Services International Corp/)
Base Salary. The During the Term, the Executive shall receive a base salary at the annual an annualized rate of $250,000.00 1,400,000 (such annualized amount, the "“Base Salary") during the Term of Employment”), with such Base Salary payable in installments consistent accordance with the Company's normal ’s regular payroll schedulepractice for its senior executives, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and as in the sole discretion of the Board, be increased at any time or effect from time to time.
Appears in 2 contracts
Sources: Executive Retirement Agreement (Stanley Black & Decker, Inc.), Executive Retirement Agreement (Stanley Black & Decker, Inc.)
Base Salary. The During the Term, the Executive shall receive a base salary at of Nine Hundred Thousand Dollars ($900,000) per annum effective as of the annual rate of $250,000.00 Commencement Date (the "“Base Salary") during ”), payable in equal semi-monthly installments in arrears. The Board will review annually the Term of Employment, with such Base Salary payable to the Executive hereunder and, in installments consistent with its discretion, may increase, but shall not decrease, the Company's normal payroll schedule, subject to applicable withholding and other taxesExecutive’s Base Salary. The Any increased Base Salary shall be reviewed, at least annually, become the “Base Salary” for merit increases and may, by action and in the sole discretion purposes of the Board, be increased at any time or from time to timethis Agreement.
Appears in 2 contracts
Sources: Employment Agreement, Employment Agreement (Spectrum Brands Holdings, Inc.)
Base Salary. The During the Term, Executive shall receive a an aggregate annual base salary (“Base Salary”) at the annual an initial rate of $250,000.00 (the "Base Salary") during the Term of Employment551,250.00, with such Base Salary payable in installments consistent accordance with the Company's normal ’s applicable payroll schedule, subject to applicable withholding and other taxespractices. The Base Salary shall be reviewed, at least annually, for merit increases reviewed annually by the Board and may, by action and increased (but not decreased) in the Board’s sole discretion of discretion. References in this Agreement to Base Salary shall be deemed to refer to the Board, be increased at any time or from time to timemost recently effective annual base salary rate.
Appears in 2 contracts
Sources: Employment Agreement (Vistra Corp.), Employment Agreement (Vistra Corp.)
Base Salary. The Executive shall will receive a an annual base salary at the annual rate of $250,000.00 100,000 (as may be modified in accordance with the "next sentence, the “Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes”). The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, may be increased at any time or from time to timetime during the Employment Term and shall not be decreased without consent of Executive. The Base Salary will be paid in regular installments in accordance with the Company’s normal payroll practices (subject to required withholding). The last payment will be adjusted, if necessary, to reflect a termination date other than the last working day of a pay period.
Appears in 2 contracts
Sources: Employment Agreement (Bakkt Holdings, Inc.), Employment Agreement (Bakkt Holdings, Inc.)
Base Salary. The Executive shall receive initially be paid a base salary at the annual rate of $250,000.00 (the "Base Salary") during the Term of EmploymentOne Hundred Twenty Thousand Dollars ($120,000) per year, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary which shall be reviewed, at least annually, for merit increases periodically reviewed and may, increased by action and in the sole discretion of the Board, in its sole discretion, during the Employment Term. All compensation shall be increased at any time or from time to timemade in accordance with the standard payroll practices of the Company.
Appears in 2 contracts
Sources: Executive Employment Agreement (McMillen Charles Thomas), Executive Employment Agreement (Celerity Systems Inc)
Base Salary. The Executive shall receive a base salary at the annual rate of equal to one hundred and five thousand dollars ($250,000.00 105,000) per annum (the "Base Salary") during the Term of Employment), with such which Base Salary payable shall be paid in installments consistent accordance with the Company's normal generally applicable payroll schedule, subject to applicable withholding practices and procedures (or in such other taxesmanner as the Executive and the Company may otherwise agree). The Base Salary shall be reviewedreviewed for adjustment by the Board annually (commencing on or about January 1, at least annually2002, for merit increases and may, by action and in on or about each January 1 thereafter during the sole discretion of the Board, be increased at any time or from time to timeEmployment Period).
Appears in 2 contracts
Sources: Employment Agreement (Mining Services International Corp/), Employment Agreement (Mining Services International Corp/)
Base Salary. The During the Employment Period, the Executive shall be entitled to receive a base an annual salary at the annual rate of equal to One Million Dollars ($250,000.00 1,000,000) (the "“Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes”). The Base Salary shall be reviewed, paid not less frequently than monthly and otherwise in accordance with the Company’s regular payroll practice. The Board shall review Base Salary at least annually, for merit increases annually and may, by action may increase Base Salary in its sole discretion. The increased Base Salary shall thereafter be considered the Base Salary and in the sole discretion of the Board, may not be increased at any time or from time to timedecreased once increased.
Appears in 2 contracts
Sources: Employment Agreement (Reliant Pharmaceuticals, Inc.), Employment Agreement (Reliant Pharmaceuticals, Inc.)
Base Salary. The Executive shall receive a base salary at the annual rate of $250,000.00 475,000 (as increased from time to time, the "“Base Salary"”) during the Term of Employmentthis Agreement, with such Base Salary payable in installments consistent with the Company's ’s normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall also be reviewed, at least annually, for merit increases (if any) and may, by action and in the sole discretion of the Board, be increased at any time or from time to timeincreased. Once increased, the Base Salary may not be decreased.
Appears in 2 contracts
Sources: Employment Agreement (Noven Pharmaceuticals Inc), Employment Agreement (Hisamitsu U.S., Inc.)
Base Salary. The Executive shall receive a base salary at of Five Hundred Fifty Thousand Dollars ($550,000) per annum for the annual rate duration of $250,000.00 the Term (the "Base Salary") during the Term of Employment), with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The which Base Salary shall be reviewed, at least annually, for merit increases paid in equal semi-monthly installments in arrears. The Compensation Committee may review from time to time the Base Salary payable to Executive hereunder and may, by action in its sole discretion, increase Executive's Base Salary. Any such increased Base Salary shall be and in become the sole discretion "Base Salary" for purposes of the Board, be increased at any time or from time to timethis Agreement.
Appears in 2 contracts
Sources: Employment Agreement (Spectrum Brands Holdings, Inc.), Employment Agreement (SB/RH Holdings, LLC)
Base Salary. The Executive shall receive a base salary at the ----------- annual rate of $250,000.00 175,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule), subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or adjustment from time to timetime by the Employer. The compensation provided for in this Section shall be in addition to any bonuses or other additional compensation specified in this Agreement or provided at the option of the Employer.
Appears in 2 contracts
Sources: Employment Agreement (WMF Group LTD), Employment Agreement (WMF Group LTD)
Base Salary. The Executive shall receive a an initial annual base salary at of Two Hundred Thousand Dollars ($200,000.00), payable according to the annual rate of $250,000.00 Company’s normal payroll policies and procedures (the "“Base Salary"”) during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, and subject to applicable all federal, state, and municipal withholding and other taxesrequirements. The Base Salary shall be reviewed, at least annually, reviewed by the Board annually for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to timeadequacy.
Appears in 2 contracts
Sources: Employment Agreement (Nac Global Technologies, Inc.), Employment Agreement (Nac Global Technologies, Inc.)
Base Salary. The Executive shall will receive a from the Employer an annual base salary at the annual rate of four hundred and fifty thousand Dollars ($250,000.00 450,000) (the "“Base Salary") during ”), payable in accordance with the Term standard practice of Employment, with such the Employer in the payment of salaries of its employees but no less frequently than monthly. The Board will review the Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time, and may, in its sole and absolute discretion, increase the Base Salary. The Executive’s Base Salary may not be reduced.
Appears in 2 contracts
Sources: Executive Employment Agreement (Liquid Holdings Group, Inc.), Executive Employment Agreement (Liquid Holdings Group LLC)
Base Salary. The Executive shall receive a Executive’s base salary at the annual rate of $250,000.00 (the "“Base Salary"”) during the Term shall be at the rate of Employmentone million dollars ($1,000,000) per annum, with such Base Salary payable in installments consistent accordance with the Company's normal payroll schedule, subject to applicable withholding practices and other taxesno less frequently than on a monthly basis. The amount of Executive’s Base Salary shall be reviewed, at least annually, for merit increases reviewed annually and may, by action and in at the sole discretion of the Board, be adjusted (but never below the then Base Salary). Any such increased at any time or from time to timeamount shall constitute Base Salary hereunder.
Appears in 2 contracts
Sources: Employment Agreement, Employment Agreement (Willis Group Holdings PLC)
Base Salary. The As of the Effective Date, the Executive shall receive a base salary at the annual rate of $250,000.00 (the "Base Salary") during the Term of Employment, with such be paid an annualized Base Salary of Two Hundred Twenty Five Thousand dollars ($225,000) for the one-year period commencing on the Effective Date, payable in installments consistent accordance with the regular payroll practices of the Company's normal payroll schedule. Any increase to the Base Salary is to be determined by the Compensation Committee, in consultation with the Chief Executive Officer, subject to applicable withholding the Company’s standard performance and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases compensation review process and may, by action and in the sole discretion of the Board, be increased at any time or from time to timeschedule.
Appears in 2 contracts
Sources: Employment Agreement (Tier Technologies Inc), Employment Agreement (Tier Technologies Inc)
Base Salary. The Effective as of the Effective Date, the Executive shall receive a an annual base salary at the annual rate of US $250,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary 1,000,000. The Executive’s base salary shall be payable in installments consistent accordance with the Company's ’s normal payroll schedule, practices. Such base salary shall be subject to applicable withholding periodic review, and other taxes. The Base Salary shall may be reviewed, increased or decreased from time to time at least annually, for merit increases and may, by action and in the sole discretion of the BoardBoard or its delegate. The annual base salary payable to Executive under this Section 6, as the same may be increased at any time or decreased from time to time, shall hereinafter be referred to as the “Base Salary.”
Appears in 2 contracts
Sources: Executive Employment Agreement (Public Policy Holding Company, Inc.), Executive Employment Agreement (Public Policy Holding Company, Inc.)
Base Salary. The Executive shall receive a base salary at the annual rate (prorated for any applicable period of less than one year) of $250,000.00 100,000 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased (but not decreased) at any time or from time to time.
Appears in 2 contracts
Sources: Employment Agreement (Netcreations Inc), Employment Agreement (Netcreations Inc)
Base Salary. The Executive shall receive a an initial base salary at the annual rate of One Hundred Twenty Thousand Dollars ($250,000.00 120,000) (the "Base Salary") during the Term of Employment), with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time.
Appears in 2 contracts
Sources: Employment Agreement (Demandstar Com Inc), Employment Agreement (Demandstar Com Inc)
Base Salary. The Executive shall receive a base salary at the annual rate of $250,000.00 150,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time.
Appears in 2 contracts
Sources: Employment Agreement (Terremark Worldwide Inc), Employment Agreement (Terremark Worldwide Inc)
Base Salary. The During the Term of Employment, the Executive shall receive a base salary at the annual rate of no less than $250,000.00 175,000.00 per annum (the "“Base Salary"”) during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxesequal semi-monthly installments. The Such Base Salary shall be reviewed, at least annually, reviewed annually for merit increases and may, by action and increase in the sole discretion of the Board, Board or the Compensation Committee thereof. Any such salary increase shall then be increased at any time or from time to timethe “Base Salary” for purposes of this Agreement.
Appears in 2 contracts
Sources: Employment Agreement (Ascent Assurance Inc), Employment Agreement (Ascent Assurance Inc)
Base Salary. The During the Term, Executive shall receive a an initial annual base salary at the annual rate of $250,000.00 (the "“Base Salary"”) during the Term of Employmentnine hundred fifty thousand dollars ($950,000), with such Base Salary payable in regular installments consistent in accordance with the Company's normal ’s usual payroll schedule, subject to applicable withholding and other taxespractices. The Base Salary shall be reviewed, at least annually, for merit increases and may, subject to annual review by action and in the sole discretion of the Parent Board, be increased at any time or from time and subject to timeincrease, but not decrease.
Appears in 2 contracts
Sources: Employment Agreement (Denali Holding Inc.), Employment Agreement (Dell Inc)
Base Salary. The Executive shall receive a base salary at the annual rate of $250,000.00 consistent with existing salary (the "Base SalaryBASE SALARY") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time.
Appears in 2 contracts
Sources: Employment Agreement (Egpi Firecreek, Inc.), Employment Agreement (Egpi Firecreek, Inc.)
Base Salary. The Executive shall receive a base salary Base Salary at the annual rate of $250,000.00 (the "Base Salary") 425,000 during the Term of Employment, with such Base Salary payable in installments consistent with the Company's ’s normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time, but may not be decreased from the then current Base Salary.
Appears in 2 contracts
Sources: Employment Agreement (INSMED Inc), Employment Agreement (Insmed Inc)
Base Salary. The During the Term, Executive shall receive a an aggregate annual base salary (“Base Salary”) at the annual an initial rate of $250,000.00 (the "Base Salary") during the Term of Employment430,000, with such Base Salary payable in installments consistent accordance with the Company's normal ’s applicable payroll schedule, subject to applicable withholding and other taxespractices. The Base Salary shall be reviewed, at least annually, for merit increases reviewed annually by the Board and may, by action and increased (but not decreased) in the Board’s sole discretion of discretion. References in this Agreement to Base Salary shall be deemed to refer to the Board, be increased at any time or from time to timemost recently effective annual base salary rate.
Appears in 2 contracts
Sources: Employment Agreement (Vistra Energy Corp), Employment Agreement (Vistra Energy Corp)
Base Salary. The Executive shall receive a base salary (as applicable, the “Base Salary”) at the an annual rate of no less than $250,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes300,000. The Executive’s Base Salary shall be reviewed, reviewed by the Company in 2011 and at least annually, annually thereafter for merit increases and may, by action increase. Base Salary shall be paid at such times and in such manner as the sole Company customarily pays the base salaries of its employees. In the event that Executive’s Base Salary is increased by the Board in its discretion of the Board, be increased at any time or from time to timeduring the Term, such increased amount shall thereafter constitute the Base Salary.
Appears in 2 contracts
Sources: Employment Agreement (Six Flags Entertainment Corp), Employment Agreement (Six Flags Entertainment Corp)
Base Salary. The Executive shall receive a base salary commencing on the Effective Date and during his employment hereunder of $235,000 per annum (the “Base Salary”), which amount may be increase annually at the annual rate discretion of $250,000.00 the Compensation Committee of the Board (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes“Committee”). The Base Salary shall be reviewed, at least annually, for merit increases and may, paid to Executive by action and the Company in accordance with the sole discretion of the Board, be increased at any time or Company’s regular payroll practice as in effect from time to time.
Appears in 2 contracts
Sources: Executive Agreement (Bankrate, Inc.), Executive Agreement (Bankrate Inc)
Base Salary. The Employer will pay Executive shall receive a base salary at in the annual rate amount of $250,000.00 1,000,000 per year (the "Base Salary") during the Term of Employment), with annual review for increase by the Board or a duly authorized committee thereof, it being understood that any such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary increase shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the BoardBoard or a duly authorized committee thereof, which amount will be increased at any time or from time to timepaid in semi-monthly intervals, less appropriate withholdings for federal and state taxes and other deductions authorized by Executive.
Appears in 2 contracts
Sources: Employment Agreement (Magellan Health Services Inc), Employment Agreement (Magellan Health Services Inc)
Base Salary. The Executive shall receive a base salary Base Salary at the annual rate of Three Hundred Twenty-five Thousand Dollars ($250,000.00 (the "Base Salary"325,000) during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time, but may not be decreased from the then current Base Salary.
Appears in 2 contracts
Sources: Employment Agreement (Insmed Inc), Employment Agreement (Insmed Inc)
Base Salary. The Executive shall receive a an annual base salary at the annual rate of $250,000.00 One Hundred Fifty Thousand US Dollars (the "Base Salary") during the Term of EmploymentUS$150,000.00), with such Base Salary payable in installments consistent accordance with the Company's normal ’s then-existing payroll schedule, policies (the “Base Salary”) and subject to all applicable withholding and other taxesrequirements. The Base Salary shall be reviewed, at least annually, reviewed by the Board and its Compensation Committee annually for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to timeadequacy.
Appears in 2 contracts
Sources: Employment Agreement (GlyEco, Inc.), Employment Agreement (GlyEco, Inc.)
Base Salary. The During the Term, Executive shall receive a an aggregate annual base salary (“Base Salary”) at the annual an initial rate of $250,000.00 (the "Base Salary") during the Term of Employment400,000, with such Base Salary payable in installments consistent accordance with the Company's normal ’s applicable payroll schedule, subject to applicable withholding and other taxespractices. The Base Salary shall be reviewed, at least annually, for merit increases reviewed annually by the Board and may, by action and increased (but not decreased) in the Board’s sole discretion of discretion. References in this Agreement to Base Salary shall be deemed to refer to the Board, be increased at any time or from time to timemost recently effective annual base salary rate.
Appears in 2 contracts
Sources: Employment Agreement (Vistra Energy Corp), Employment Agreement (Vistra Energy Corp)
Base Salary. The Executive shall receive a base receive, at such intervals and in accordance with such Company policies as may be in effect from time to time, an annual salary at the annual rate of (pro rata for any partial year) equal to $250,000.00 190,000 (the "Base Salary") during the Term of Employment), with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The which Base Salary shall be reviewedsubject to periodic review and increase by the Compensation Committee in its sole discretion; provided, at least annuallyhowever, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time that no obligation to conduct such a review or from time to timegrant such an increase is hereby created.
Appears in 2 contracts
Sources: Executive Employment Agreement (Amx Corp /Tx/), Executive Employment Agreement (Amx Corp /Tx/)
Base Salary. The Executive shall receive a base salary at the annual rate of $250,000.00 1,000,000 per year. Such base salary shall be subject to periodic increase (but no decrease) from time to time as determined by the "Beacon Board in its sole discretion (as may be increased from time to time, “Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes”). The Base Salary shall be reviewed, payable in such manner and at least annually, for merit increases and may, by action and in such times as the sole discretion of the Board, be increased at any time or from time Company shall pay base salary to timeother similarly situated executive employees.”
Appears in 2 contracts
Sources: Employment Agreement (BJ's Wholesale Club Holdings, Inc.), Employment Agreement (BJ's Wholesale Club Holdings, Inc.)
Base Salary. The Executive shall be entitled to receive a base salary from the Company at the annual rate of One Million One Hundred Thousand Dollars ($250,000.00 1,100,000.00) per year. The Executive’s base salary shall be reviewed annually on or about the same time that the compensation arrangements (including the Annual Bonus for the immediately prior year) for the Company’s management team are determined by the Compensation Committee of the Board (the "Base Salary") during “Committee”), which shall consider appropriate factors, including, without limitation, the Term of Employment, with such Base Salary payable in installments consistent with Executive’s performance and the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time’s financial condition.
Appears in 2 contracts
Sources: Employment Agreement (Restoration Hardware Holdings Inc), Employment Agreement (Restoration Hardware Holdings Inc)
Base Salary. The Executive shall receive a an annual base salary at the annual rate of $250,000.00 (the "Base Salary") during of not less than his annual salary immediately prior to the Term of Employment, with such Base Salary Effective Date (payable in installments consistent with equal semi-monthly installments) from the Company's normal payroll schedule, subject to applicable withholding and other taxesCorporation. The Base Salary shall be reviewed, at least annually, for merit increases reviewed and may, by action and in the sole discretion of the Board, may be increased at any time or and from time to timetime in accordance with the Corporation's regular practices, and shall be reviewed at least annually by the Organization and Compensation Committee of its Board of Directors.
Appears in 2 contracts
Sources: Employment Agreement (CMS Energy Corp), Employment Agreement (Consumers Energy Co)
Base Salary. The During the Term, Executive shall receive a base salary at (the annual rate “Base Salary”) of $250,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes1,000,000 per year. The Base Salary shall be reviewed, at least annually, for merit increases reviewed annually by the Board and may, by action and in the sole discretion of the Board, may be increased at any (but not reduced) from time or to time by the Board in its sole discretion. Any such increase (if any) shall thereafter be Executive’s “Base Salary” for all purposes of this Agreement. The Base Salary shall be paid in accordance with the Company’s customary payroll practices, as in effect from time to time, but no less often than monthly.
Appears in 2 contracts
Sources: Employment Agreement (Lineage, Inc.), Employment Agreement (Lineage, Inc.)
Base Salary. The Executive shall receive a base salary at the annual rate of One Hundred Forty-two Thousand Five Hundred Dollars ($250,000.00 142,500) (the "Base Salary") during the Term term of Employmentthis Agreement, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary also shall be reviewed, at least annually, for merit and cost of living adjustment increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time.
Appears in 2 contracts
Sources: Employment Agreement (Hte Inc), Employment Agreement (Hte Inc)
Base Salary. The During the Term, Executive shall receive a an aggregate annual base salary (“Base Salary”) at the annual an initial rate of $250,000.00 (the "Base Salary") during the Term of Employment634,400.00, with such Base Salary payable in installments consistent accordance with the Company's normal ’s applicable payroll schedule, subject to applicable withholding and other taxespractices. The Base Salary shall be reviewed, at least annually, for merit increases reviewed annually by the Board and may, by action and increased (but not decreased) in the Board’s sole discretion of discretion. References in this Agreement to Base Salary shall be deemed to refer to the Board, be increased at any time or from time to timemost recently effective annual base salary rate.
Appears in 2 contracts
Sources: Employment Agreement (Vistra Corp.), Employment Agreement (Vistra Corp.)
Base Salary. The Executive shall receive a base salary at equal to Two Hundred Twenty Thousand Dollars ($220,000) per annum, which base salary shall be paid in arrears in equal biweekly installments. The base salary shall be reviewed on an annual basis by the annual rate of $250,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, Company and shall be subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or increase from time to timetime by the Company, in its sole discretion.
Appears in 2 contracts
Sources: Employment Agreement (Shopping Com LTD), Employment Agreement (Shopping Com LTD)
Base Salary. The During the Term, the Executive shall receive a base salary at the annual a rate of two-hundred seventy-five thousand dollars ($250,000.00 (275,000.00) per annum, which base salary shall be payable in accordance with the "Base Salary") during payroll practices of the Term of EmploymentCompany, with such Base Salary payable increases as may be determined by the Board from time to time in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the its sole discretion of the Board, be (as increased at any time or from time to time, the “Base Salary”).
Appears in 2 contracts
Sources: Employment Agreement (Signature Group Holdings Inc), Employment Agreement (Signature Group Holdings Inc)
Base Salary. The During the Term, Executive shall receive a an aggregate annual base salary (“Base Salary”) at the annual an initial rate of $250,000.00 (the "Base Salary") during the Term of Employment590,000.00, with such Base Salary payable in installments consistent accordance with the Company's normal ’s applicable payroll schedule, subject to applicable withholding and other taxespractices. The Base Salary shall be reviewed, at least annually, for merit increases reviewed annually by the Board and may, by action and increased (but not decreased) in the Board’s sole discretion of discretion. References in this Agreement to Base Salary shall be deemed to refer to the Board, be increased at any time or from time to timemost recently effective annual base salary rate.
Appears in 2 contracts
Sources: Employment Agreement (Vistra Energy Corp), Employment Agreement (Vistra Energy Corp)
Base Salary. The Executive shall receive a base salary at commencing on the annual rate Effective Date and during his employment hereunder of $250,000.00 185,000 per annum (the "Base Salary") during ), which amount may be increase annually at the Term discretion of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxesCompensation Committee of the Board (the "Committee"). The Base Salary shall be reviewed, at least annually, for merit increases and may, paid to Executive by action and the Company in accordance with the sole discretion of the Board, be increased at any time or Company's regular payroll practice as in effect from time to time.
Appears in 2 contracts
Sources: Executive Agreement (Bankrate Inc), Executive Agreement (Bankrate Inc)
Base Salary. The During the Term, the Executive shall receive a base salary (as may be increased from time to time, “Base Salary”), paid in accordance with the normal payroll practices of Employer, at the an annual rate of $250,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes1,100,000. The Base Salary shall be reviewedreviewed from time to time in accordance with Employer’s policies and practices, at least annuallybut no less frequently than once annually and may be increased, for merit increases and maybut not decreased from its then current level, by action and in the sole discretion of the Board, be increased at any time or and from time to timetime by action of the Compensation Committee and Board.
Appears in 2 contracts
Sources: Executive Employment Agreement, Executive Employment Agreement (Hershey Co)
Base Salary. The Executive shall receive a base salary at the annual rate Base Salary of $250,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary 1,100,000 per annum payable in installments consistent accordance with the Company's normal customary payroll schedule, subject to applicable withholding and other taxespractices for the payment of executive salaries. The Executive's Base Salary shall be reviewedreviewed and may be increased, at least annuallybut not decreased, annually by the Compensation Committee pursuant to its normal performance review policies for merit increases and maysenior executives, by action and with the first such review occurring in the sole discretion of the Board, be increased at any time or from time to time2003.
Appears in 2 contracts
Sources: Employment Agreement (Qwest Communications International Inc), Employment Agreement (Qwest Communications International Inc)
Base Salary. The Executive shall receive a base salary at the annual rate of $250,000.00 300,000 (the "Base Salary") during the Term term of Employmentthis Agreement, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole reasonable discretion of the Board, be increased at any time or from time to time, based upon a competitive market analysis of comparable companies, as well as published survey data, with respect to compensation paid to individuals similarly situated to the Executive.
Appears in 2 contracts
Sources: Employment Agreement (Altiva Financial Corp), Employment Agreement (Mego Mortgage Corp)
Base Salary. The Executive shall receive a base salary at the annual rate of $250,000.00 190,000.00 (the "“Base Salary"”) during the Term of Employment, with such Base Salary payable in installments install-ments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time.
Appears in 2 contracts
Sources: Employment Agreement (Metropolitan Health Networks Inc), Employment Agreement (Metropolitan Health Networks Inc)
Base Salary. The During the Term, Executive shall receive a an aggregate annual base salary (“Base Salary”) at the annual an initial rate of $250,000.00 (the "Base Salary") during the Term of Employment615,000.00, with such Base Salary payable in installments consistent accordance with the Company's normal ’s applicable payroll schedule, subject to applicable withholding and other taxespractices. The Base Salary shall be reviewed, at least annually, for merit increases reviewed annually by the Board and may, by action and increased (but not decreased) in the Board’s sole discretion of discretion. References in this Agreement to Base Salary shall be deemed to refer to the Board, be increased at any time or from time to timemost recently effective annual base salary rate.
Appears in 2 contracts
Sources: Employment Agreement (Vistra Corp.), Employment Agreement (Vistra Corp.)
Base Salary. The Executive shall receive a base salary at the annual rate (prorated for any applicable period of less than one year) of $250,000.00 175,000 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased (but not decreased) at any time or from time to time.
Appears in 2 contracts
Sources: Employment Agreement (Netcreations Inc), Employment Agreement (Netcreations Inc)
Base Salary. The Executive shall receive a base salary of at the annual rate of least $250,000.00 1,000,000.00 per annum (the "“Base Salary") during the Term of Employment”), with such Base Salary subject to standard tax withholdings and deductions, and payable in substantially equal monthly or more frequent installments consistent and in accordance with the Company's normal ’s general payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and practices in the sole discretion of the Board, be increased at any time or effect from time to time. The Compensation Committee of the Board may increase Executive’s Base Salary from time to time, and any such increased amount shall constitute the “Base Salary” for all purposes under this Agreement.
Appears in 2 contracts
Sources: Employment Agreement (P10, Inc.), Employment Agreement (P10, Inc.)
Base Salary. The Executive shall receive a base salary Base Salary at the annual rate of $250,000.00 (the "Base Salary") 275,000 during the Term of Employment, with such Base Salary payable in installments consistent with the Company's ’s normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Compensation Committee of the Board, be increased at any time or from time to time, but may not be decreased from the then current Base Salary.
Appears in 2 contracts
Sources: Employment Agreement (Terremark Worldwide Inc), Employment Agreement (Terremark Worldwide Inc)
Base Salary. The Executive shall receive a base salary at the annual rate of $250,000.00 300,000.00 (the "“Base Salary"”) during the Term of Employment, with such Base Salary payable in installments install-ments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time.
Appears in 2 contracts
Sources: Employment Agreement (Metropolitan Health Networks Inc), Employment Agreement (Metropolitan Health Networks Inc)
Base Salary. The During the Term, Executive shall receive a an aggregate annual base salary (“Base Salary”) at the annual an initial rate of $250,000.00 (the "Base Salary") during the Term of Employment519,750.00, with such Base Salary payable in installments consistent accordance with the Company's normal ’s applicable payroll schedule, subject to applicable withholding and other taxespractices. The Base Salary shall be reviewed, at least annually, for merit increases reviewed annually by the Board and may, by action and increased (but not decreased) in the Board’s sole discretion of discretion. References in this Agreement to Base Salary shall be deemed to refer to the Board, be increased at any time or from time to timemost recently effective annual base salary rate.
Appears in 2 contracts
Sources: Employment Agreement (Vistra Corp.), Employment Agreement (Vistra Corp.)
Base Salary. The Executive shall receive a base salary at commencing on the annual rate Effective Date and during his employment hereunder of $250,000.00 200,000 per annum (the "Base Salary") during ), which amount may be increase annually at the Term discretion of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxesCompensation Committee of the Board (the "Committee"). The Base Salary shall be reviewed, at least annually, for merit increases and may, paid to Executive by action and the Company in accordance with the sole discretion of the Board, be increased at any time or Company's regular payroll practice as in effect from time to time.
Appears in 1 contract
Sources: Executive Agreement (Bankrate Inc)
Base Salary. The Executive shall receive a base salary at the annual rate of Two Hundred Seventy Thousand Dollars ($250,000.00 270,000) (the "Base Salary") during the Term term of Employmentthis Agreement, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary also shall be reviewed, at least annually, for merit and cost of living adjustment increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time.
Appears in 1 contract
Sources: Employment Agreement (Hte Inc)
Base Salary. The Executive shall receive a an initial annual base salary at of One Hundred and Fifty Thousand Dollars ($150,000), until such time as the Company has developed a working prototype of the “Wocket™”. Upon the achievement of this milestone, the base annual rate of salary shall increase to Three Hundred Thousand Dollars ($250,000.00 300,000), payable according to the Company’s normal payroll policies and procedures (the "“Base Salary"”) during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, and subject to applicable all federal, state, and municipal withholding and other taxesrequirements. The Base Salary shall be reviewed, at least annually, reviewed by the Board annually for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to timeadequacy.
Appears in 1 contract
Sources: Employment Agreement (NXT-Id, Inc.)
Base Salary. The Executive shall receive be paid a base salary at of One Hundred and Seventy-Five Thousand Dollars ($175,000) per annum during the annual rate Term, pro-rated for any partial year of $250,000.00 employment, less applicable statutory and regulatory deductions (each year, the "“Base Salary") during the Term of Employment”), with such Base Salary which shall be payable in installments consistent accordance with the Company's normal ’s standard payroll schedulepractices, subject to applicable withholding and other taxes. The Base Salary shall as the same may be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or administered from time to time.
Appears in 1 contract
Sources: Executive Employment Agreement (Cig Wireless Corp.)
Base Salary. The During the Term of Employment, the Executive shall receive a base salary at the annual rate of no less than $250,000.00 300,000.00 per annum (the "“Base Salary"”) during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxesequal semi-monthly installments. The Such Base Salary shall be reviewed, at least annually, reviewed annually for merit increases and may, by action and increase in the sole discretion of the Board, Board or the Compensation Committee thereof. Any such salary increase shall then be increased at any time or from time to timethe “Base Salary” for purposes of this Agreement.
Appears in 1 contract
Base Salary. The Executive shall receive a base salary at the annual rate of $250,000.00 386,250 (the "“Base Salary"”) during the Term of Employment, with such Base Salary payable in installments installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time.
Appears in 1 contract
Sources: Employment Agreement (Metropolitan Health Networks Inc)
Base Salary. The Executive shall receive a base salary Base Salary at the annual annualized rate of $250,000.00 (the "Base Salary") 250,000 during the Term of Employment, with such Base Salary payable in installments consistent with the Company's ’s normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time, but may not be decreased from the then current Base Salary.
Appears in 1 contract
Sources: Executive Employment Agreement (Leap Therapeutics, Inc.)
Base Salary. The Executive shall receive a an annual base salary at of Two Hundred Five Thousand Dollars ($205,000.00), payable according to the annual rate of $250,000.00 Company’s normal payroll policies and procedures, as in effect from time to time (the "“Base Salary"”) during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, and subject to applicable all federal, state, and municipal withholding and other taxesrequirements. The Base Salary shall be reviewedreviewed by the COO, at least annuallywith input from the CEO, annually for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to timeincrease.
Appears in 1 contract
Base Salary. The Executive shall receive a an initial annual base salary at of Two Hundred and Fifty Thousand Dollars ($250,000.00), payable according to the annual rate of $250,000.00 Company’s normal payroll policies and procedures (the "“Base Salary"”) during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, and subject to applicable all federal, state, and municipal withholding and other taxesrequirements. The Base Salary shall be reviewed, at least annually, reviewed by the Board annually for merit increases adequacy and may, by action and in the sole discretion of the Board, may be increased at any time or from time to time(but not decreased) accordingly. Base Salary, as so increased, shall constitute “Base Salary” thereafter.
Appears in 1 contract
Sources: Employment Agreement (Electronic Cigarettes International Group, Ltd.)
Base Salary. The Executive shall receive a base salary at commencing on the annual rate Effective Date and during her employment hereunder of $250,000.00 175,000 per annum (the "Base Salary") during ), which amount may be increased annually at the Term discretion of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxesCompensation Committee of the Board (the "Committee"). The Base Salary shall be reviewed, at least annually, for merit increases and may, paid to Executive by action and the Company in accordance with the sole discretion of the Board, be increased at any time or Company's regular payroll practice as in effect from time to time.
Appears in 1 contract
Sources: Executive Agreement (Bankrate Inc)
Base Salary. The Executive shall receive a base salary Base Salary at the annual rate of $250,000.00 (the "Base Salary") 220,500 during the Term of Employment, with such Base Salary payable in installments consistent with the Company's ’s normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Compensation Committee of the Board, be increased at any time or from time to time, but may not be decreased from the then current Base Salary.”
Appears in 1 contract
Base Salary. The Executive shall receive a an initial annual base salary at of Two Hundred Fifty Thousand Dollars ($250,000.00), payable according to the annual rate of $250,000.00 Company’s normal payroll policies and procedures (the "“Base Salary"”) during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, and subject to applicable all federal, state, and municipal withholding and other taxesrequirements. The Base Salary shall be reviewed, at least annually, reviewed by the Board annually for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to timeadequacy.
Appears in 1 contract
Sources: Employment Agreement (Electronic Cigarettes International Group, Ltd.)
Base Salary. The Executive shall receive a an initial base salary at the annual rate of One Hundred Fifty Thousand Dollars ($250,000.00 150,000.00) (the "Base Salary") during the Term of Employment), with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary also shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time.
Appears in 1 contract
Sources: Employment Agreement (Hte Inc)
Base Salary. The Executive shall receive a base salary Base Salary at the annual rate of $250,000.00 (the "Base Salary") during the Term of Employment523,016, with such Base Salary payable in installments consistent with the Company's ’s normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annuallyannually , for merit increases and may, by action and in the sole discretion of the BoardBoard (or its Compensation Committee), be increased at any time or from time to time, but may not be decreased from the then current Base Salary.
Appears in 1 contract
Sources: Executive Employment Agreement (KalVista Pharmaceuticals, Inc.)
Base Salary. The Executive shall receive a an initial annual base salary at of Two Hundred Twenty-Five Thousand Dollars ($225,000.00), payable according to the annual rate of $250,000.00 Company’s normal payroll policies and procedures, as in effect from time to time (the "“Base Salary"”) during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, and subject to applicable all federal, state, and municipal withholding and other taxesrequirements. The Base Salary shall be reviewedreviewed by the CEO, at least annually, for merit increases and may, by action and in the sole discretion of with input from the Board, be increased at annually for any time or from time to timeincrease.
Appears in 1 contract