Common use of Base Salary Clause in Contracts

Base Salary. During the Employment Period, the Executive shall receive an annual base salary (the “Base Salary”) of no less than $600,000, payable in accordance with the Company’s regular payroll practices. The Base Salary shall be reviewed periodically by the Compensation Committee of the Board (the “Compensation Committee”), and may be increased but not decreased.

Appears in 4 contracts

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

Base Salary. During the Employment Period, the Executive shall receive from the Company an annual base salary of $650,000 (as such amount may be increased from time to time, in the “Base Salary”) sole discretion of no less than $600,000, payable in accordance with the Company’s regular payroll practices. The Base Salary shall be reviewed periodically by Board or the Compensation Committee of the Board (the “Compensation Committee”), and may be increased but not decreasedthe “Annual Base Salary”), payable in regular intervals in accordance with the Company’s customary payroll practices in effect during the Employment Period.

Appears in 3 contracts

Sources: Employment Agreement (Party City Holdco Inc.), Employment Agreement (Party City Holdco Inc.), Employment Agreement (Party City Holdco Inc.)

Base Salary. During the Employment Period, the Executive shall receive for Executive’s services an annual base salary (the “Base Salary”) of no less than $600,000, payable in accordance with an amount to be determined by the Company’s regular payroll practicesBoard. The Base Salary shall will be reviewed periodically by the Compensation Committee of the Board (the “Compensation Committee”), annually and may be increased but not decreasedadjusted upward or downward in the sole discretion of the Board. In no event, however, will the Base Salary be less than the gross amount of $547,000. The Base Salary will be subject to all applicable withholdings and deductions required by federal and state law.

Appears in 3 contracts

Sources: Employment Agreement (Blue Ridge Bankshares, Inc.), Employment Agreement (Blue Ridge Bankshares, Inc.), Employment Agreement (Blue Ridge Bankshares, Inc.)

Base Salary. During the Employment Period, the Executive shall receive an annual base salary in an amount equal to Five Hundred Thousand dollars (the “Base Salary”) of no $500,000), less than $600,000all applicable withholdings, payable which shall be paid in accordance with the Company’s regular customary payroll practices. The Base Salary shall be reviewed periodically by the Compensation Committee practices of the Board Company and prorated for partial calendar years of employment (as in effect from time to time, the “Compensation CommitteeAnnual Base Salary”), and may be increased but not decreased.

Appears in 3 contracts

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

Base Salary. During the Employment PeriodTerm, the Executive shall receive an aggregate annual base salary (the “Base Salary”) at an initial rate of no less than $600,000750,000, payable in accordance with the Company’s regular applicable payroll practices. The Base Salary shall be reviewed periodically annually by the Compensation Committee of the Board and increased (the “Compensation Committee”), and may be increased but not decreased) in the Board’s sole discretion. References in this Agreement to Base Salary shall be deemed to refer to the most 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. During the Employment Period, the Executive shall receive an annual base salary (the Annual Base Salary”) of no not less than $600,000950,000. During the Employment Period, payable in accordance with the CompanyExecutive’s regular payroll practices. The Annual Base Salary shall be reviewed periodically annually by the Compensation Committee of the Board (the “Compensation Committee”)) for increase, and may be increased but not decreaseddecrease. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as in effect from time to time, including any increases. Such Annual Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policies applicable to executive officers.

Appears in 3 contracts

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

Base Salary. During the Employment PeriodTerm, the Executive shall receive an aggregate annual base salary (the “Base Salary”) at an initial rate of no less than $600,000415,000, payable in accordance with the Company’s regular applicable payroll practices. The Base Salary shall be reviewed periodically annually by the Compensation Committee of the Board and increased (the “Compensation Committee”), and may be increased but not decreased) in the Board’s sole discretion. References in this Agreement to Base Salary shall be deemed to refer to the most 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. During the Employment Period, the Executive shall receive an annual base salary (the “Base Salary”) of no less than $600,000500,000, payable in accordance with the Company’s regular payroll practices. The Base Salary shall be reviewed periodically by the Compensation Committee of the Board periodically, and, if adjusted (the “Compensation Committee”but not below $500,000), and may be increased but not decreasedthe term “Base Salary” shall refer to such adjusted amount.

Appears in 3 contracts

Sources: Employment Agreement (PlayAGS, Inc.), Employment Agreement (AP Gaming Holdco, Inc.), Employment Agreement (AP Gaming Holdco, Inc.)

Base Salary. During the Employment PeriodTerm, the Executive shall be entitled to receive an annual a base salary (the “Base Salary”) at the annual rate of no less than at least One Million One Hundred Thousand Dollars ($600,0001,100,000.00) for services rendered to the Company or any of its direct or indirect subsidiaries, payable in accordance with the Company’s regular payroll practicespractices (but no less frequently than monthly). The Executive’s Base Salary shall will be reviewed periodically annually by the Compensation Committee of the Board (the “Compensation Committee”), and may be increased but not decreasedadjusted in the Compensation Committee’s discretion.

Appears in 3 contracts

Sources: Employment Agreement, Employment Agreement, Employment Agreement (World Wrestling Entertainmentinc)

Base Salary. During The Executive will receive from the Employment Period, the Executive shall receive Employer an annual aggregate base salary of Five Hundred Thousand Dollars ($500,000) (the “Base Salary”) of no less than $600,000), payable in accordance with the Company’s regular payroll practicesstandard practice of the Employer in the payment of salaries of its employees but no less frequently than monthly. The Board will review the Base Salary shall be reviewed periodically by the Compensation Committee of the Board (the “Compensation Committee”)annually, and may, in its sole and absolute discretion, increase the Base Salary. The Executive’s Base Salary may not be increased but not decreasedreduced.

Appears in 3 contracts

Sources: Contribution Agreement, Contribution Agreement (Liquid Holdings Group LLC), Contribution Agreement (Liquid Holdings Group LLC)

Base Salary. During the Employment Period, the The Executive shall receive an annual base salary (the “"Base Salary") of no not less than $600,000, his annual salary immediately prior to the Effective Date (payable in accordance with equal semi-monthly installments) from the Company’s regular payroll practices. The Base Salary shall be reviewed periodically by the Compensation Committee of the Board (the “Compensation Committee”), and may be increased but not decreasedat any time and from time to time 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. During the Employment Period, the Executive shall receive an annual a base salary (the “Base Salary”) of no less than $600,000, payable in accordance with the Company’s regular payroll practices333,900 per annum. The Base Salary shall be paid by the Company at such intervals as the Company pays executive salaries generally. The Base Salary may be reviewed periodically annually by the Board, or the Compensation Committee of the Board (the “Compensation Committee”)thereof, and may be increased but not decreasedin the discretion of the Board, or the Compensation Committee thereof. The term “Base Salary” as utilized in this Agreement shall refer to Base Salary as so increased from time to time.

Appears in 3 contracts

Sources: Employment Agreement (Presidio Property Trust, Inc.), Employment Agreement (Presidio Property Trust, Inc.), Employment Agreement (Presidio Property Trust, Inc.)

Base Salary. During the Employment PeriodTerm, the Executive shall receive an annual a base salary of no less than $500,000 per year, payable in accordance with the usual payroll practices of the Company (the “Base Salary”) of no less than $600,000, payable in accordance with the Company’s regular payroll practices. The Base Salary shall be reviewed periodically by the Compensation Committee of the Board (the “Compensation Committee”), and may be increased but not decreased.

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. During the Employment Period, the Executive shall receive an annual Executive’s base salary (the “Base Salary”) of no less than $600,000, payable shall be paid in accordance with the Company’s regular payroll practicespractices in effect from time to time (presently bi-weekly), but not less frequently than in monthly installments. The Base Salary shall be reviewed periodically by the Compensation Committee of the Board (the “Compensation Committee”), and may be increased but not decreased) will establish Executive’s Base Salary.

Appears in 3 contracts

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

Base Salary. During the Employment PeriodTerm of Employment, the Executive shall be entitled to receive an annual annualized base salary (the “Base Salary”) of no not less than $600,000, payable in accordance with the Company’s regular payroll practices800,000. The Base Salary shall be reviewed periodically by the Compensation Committee of the Board of Directors (the “Compensation Committee”), and may be increased but not decreased) shall review the Executive’s Base Salary annually to determine whether increases are appropriate.

Appears in 3 contracts

Sources: Employment Agreement (Mfa Financial, Inc.), Employment Agreement (Mfa Financial, Inc.), Employment Agreement (Mfa Financial, Inc.)

Base Salary. During the Employment Periodperiod of the Executive’s employment by the Company, the Executive shall receive an annual base salary of not less than US$700,000 (the “Base Salary”) of no less than $600,000, payable in accordance with equal semi-monthly installments, less applicable withholdings. Each year, the Company’s regular payroll practices. The Board shall review the Base Salary shall be reviewed periodically and other compensation of the Executive based upon performance and other factors deemed appropriate by the Compensation Committee of the Board (the “Compensation Committee”), and may be increased but not decreasedmake such increases as it deems fit.

Appears in 2 contracts

Sources: Employment Agreement, Employment Agreement (Fogo De Chao, Inc.)

Base Salary. During the Employment PeriodTerm of Employment, the Executive shall receive an annual a base salary per annum (the “Base Salary”) of no less than $600,000, payable in accordance with the Company’s regular normal payroll practicespractices of no less than US $165,727. The Board shall review the Executive’s Base Salary shall be reviewed periodically by the Compensation Committee of the Board annually and may, in its sole discretion, increase (the “Compensation Committee”), and may be increased but not decreaseddecrease) the Executive’s Base Salary.

Appears in 2 contracts

Sources: Employment Agreement (Constar Inc), Employment Agreement (Constar International Inc)

Base Salary. During the Employment Period, the Executive shall be entitled to receive an annual a base salary at a rate of $600,000.00 per annum, which base salary shall be payable in accordance with the payroll practices of the Company, with such increases (but no decreases) as may be determined by the Compensation Committee from time to time (as increased from time to time, the “Base Salary”) of no less than $600,000, payable in accordance with the Company’s regular payroll practices. The Base Salary shall be reviewed periodically by the Compensation Committee of the Board (the “Compensation Committee”), and may be increased but not decreased.

Appears in 2 contracts

Sources: Employment Agreement (Dorman Products, Inc.), Employment Agreement (Dorman Products, Inc.)

Base Salary. During the Employment PeriodTerm of Employment, the Executive shall receive an annual a base salary at the annualized rate of not less than $[____] (the “Base Salary”) of no less than $600,000, payable ). The Executive’s Base Salary shall be paid in equal installments in accordance with the Company’s regular regularly established payroll practicesprocedures. The Executive’s Base Salary shall will be reviewed periodically on an annual or more frequent basis by the Compensation Committee Board and is subject to increase (but not decrease) in the discretion of the Board (Board. Upon any such adjustment, the “Compensation Committee”), and may adjusted amount shall thereafter be increased but not decreaseddeemed to be the Base Salary for purposes of this Agreement.

Appears in 2 contracts

Sources: Employment Agreement (Royal Gold Inc), Employment Agreement (Royal Gold Inc)

Base Salary. During the Employment Period, the Executive shall receive an annual rate of base salary (the “Base Salary”"BASE SALARY") of no in an amount not less than $600,000, 350,000. Executive's Base Salary will be reviewed by the Company annually and may be adjusted upward (but not downward) at such time. Base Salary shall be payable in accordance with the Company’s regular payroll 's normal business practices. The Base Salary shall be reviewed periodically by the Compensation Committee of the Board (the “Compensation Committee”), and may be increased but not decreasedin no event less frequently than monthly.

Appears in 2 contracts

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

Base Salary. During the Employment Period, the Executive shall receive an annual base salary (the “"Base Salary") of no less than equal to $600,00050,000.00 , payable in accordance with the Company’s regular customary payroll practices. The Base Salary shall be reviewed periodically by the Compensation Committee procedures as in effect from time to time for senior executives of the Board (the “Compensation Committee”), and may be increased but not decreasedCompany.

Appears in 2 contracts

Sources: Employment Agreement (Producers Entertainment Group LTD), Employment Agreement (Producers Entertainment Group LTD)

Base Salary. During the Employment Period, the Executive shall receive an annual a base salary equal to $350,000 per annum (the “Base Salary”) of no less than $600,000, payable in accordance with the Company’s regular payroll practices). The Base Salary shall be reviewed periodically annually by the Compensation Committee (the “Compensation Committee”) of the Board (the “Compensation CommitteeBoard), ) and may be increased from time to time by the Compensation Committee in its sole discretion. The Base Salary shall be paid in installments in accordance with the Company’s applicable payroll practices, as in effect from time to time, but not decreasedno less often than monthly.

Appears in 2 contracts

Sources: Employment Agreement (Leaf Group Ltd.), Employment Agreement (Demand Media Inc.)

Base Salary. During the Term of Employment Periodor Renewed Term of Employment, if any, the Executive shall receive an annual a base salary (the “Base Salary”) at a rate of no less than $600,000700,000 per annum (or such greater amount as shall be recommended by the Company’s Chief Executive Officer and approved by the Executive Compensation Committee), payable monthly or more frequently in accordance with the Company’s regular payroll practicespractice as applied to other senior executives. The Base Salary Such base salary shall be reviewed periodically by the Compensation Committee of the Board (the “Compensation Committee”), and may be increased but not decreasedat least annually.

Appears in 2 contracts

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

Base Salary. During the Employment Period, the The Executive shall receive an annual base salary (the “"Base Salary") of no not less than $600,000, his annual salary immediately prior to the Effective Date (payable in accordance with equal semi-monthly installments) from the Company’s regular payroll practicesCorporation. The Base Salary shall be reviewed periodically by the Compensation Committee of the Board (the “Compensation Committee”), and may be increased but not decreasedat any time and from time to time 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. During the Employment Period, ----------- the Executive shall receive an annual base salary (the “"Annual Base Salary") of no not less than $600,000500,000, payable which shall be paid in accordance with the Company’s regular 's normal payroll practices. The Base Salary practices and shall be reviewed periodically by the Compensation Committee of the Board (the “Compensation Committee”)apply retroactively to May 5, and may be increased but not decreased2004.

Appears in 2 contracts

Sources: Executive Employment Agreement (Solutia Inc), Executive Bonus Agreement (Solutia Inc)

Base Salary. During the Employment Period, the Executive shall receive an annual base salary (the "Annual Base Salary") of no less than three hundred seventy five thousand dollars ($600,000375,000), payable in accordance with the Company’s regular payroll practicespractices of the Company. The During the Employment Period, the Annual Base Salary shall may be reviewed periodically by the Compensation Committee of the Board (the “Compensation Committee”), and may be increased but not decreasedfor possible increases.

Appears in 2 contracts

Sources: Employment Agreement (Dyadic International Inc), Employment Agreement (Dyadic International Inc)

Base Salary. During the Employment Period, the Executive shall receive an initial annual base salary in an amount equal to $600,000 (the “Annual Base Salary”) of no less than $600,000), payable which shall be paid in accordance with the customary payroll practices of the Company’s regular payroll practices. The Base Salary shall will be reviewed periodically by the Board or the Compensation Committee of the Board (the “Compensation Committee”)) or its designee annually. The Base Salary, and may as then increased, will be increased but not decreasedthe “Base Salary” for all purposes of this Employment Agreement.

Appears in 2 contracts

Sources: Employment Agreement (Covalence Specialty Adhesives LLC), Employment Agreement (Berry Plastics Holding Corp)

Base Salary. During the Employment Period, the The Executive shall receive an annual a base salary equal to one hundred and fifteen thousand dollars ($115,000) per annum (the "Base Salary”) of no less than $600,000"), payable which Base Salary shall be paid in accordance with the Company’s regular 's generally applicable payroll practicespractices and procedures (or in such other manner as the Executive and the Company may otherwise agree). The Base Salary shall be reviewed periodically for adjustment by the Compensation Committee of the Board annually (the “Compensation Committee”)commencing on or about January 1, 2002, and may be increased but not decreasedon or about each January 1 thereafter during the Employment Period).

Appears in 2 contracts

Sources: Employment Agreement (Mining Services International Corp/), Employment Agreement (Mining Services International Corp/)

Base Salary. During the Employment PeriodTerm of Employment, the Executive shall receive an annual a base salary per annum (the “Base Salary”) of no less than $600,000, payable in accordance with the Company’s regular normal payroll practicespractices of no less than US $275,000. The Board shall review the Executive’s Base Salary shall be reviewed periodically by the Compensation Committee of the Board annually and may, in its sole discretion, increase (the “Compensation Committee”), and may be increased but not decreaseddecrease) the Executive’s Base Salary.

Appears in 2 contracts

Sources: Employment Agreement (Constar Inc), Employment Agreement (Constar International Inc)

Base Salary. During the Employment PeriodPeriod (and thereafter to the extent that the Executive continues to be employed by the Company), the Executive shall be entitled to receive an annual base salary equal to Six Hundred Thousand Dollars ($600,000) per year (the “Base Salary”) of no less than $600,000, ). The Base Salary shall be payable in accordance with the Company’s regular payroll practices. The Base Salary shall be reviewed periodically by the Compensation Committee practices (e.g., timing of the Board (the “Compensation Committee”payments and standard employee deductions such as income and employment withholding taxes), and may be increased but not decreased.

Appears in 2 contracts

Sources: Employment Agreement (Reliant Pharmaceuticals, Inc.), Employment Agreement (Reliant Pharmaceuticals, Inc.)

Base Salary. During the Employment PeriodTerm, the Executive shall receive an initial annual base salary (the “Base Salary”) of no less than nine hundred fifty thousand dollars ($600,000950,000), payable in regular installments in accordance with the Company’s regular usual payroll practices. The Base Salary shall be reviewed periodically subject to annual review by the Compensation Committee of the Board (the “Compensation Committee”)Parent Board, and may be increased subject to increase, but not decreaseddecrease.

Appears in 2 contracts

Sources: Employment Agreement (Denali Holding Inc.), Employment Agreement (Dell Inc)

Base Salary. During the Employment Period, the Executive shall receive an annual a base salary (the “Base Salary”) of no less than $600,000), payable bi-weekly or in accordance with the Company’s regular payroll practicessuch other installments as may be agreed upon, at an annual rate of $385,000. The Corporation shall review the Base Salary annually and in light of such review may, in the discretion of the Board of Directors of the Corporation increase (but not decrease) the Base Salary, and such adjusted Base Salary shall be reviewed periodically by the Compensation Committee of the Board (then constitute the “Compensation Committee”), and may be increased but not decreasedBase Salary” for purposes of this Agreement.

Appears in 2 contracts

Sources: Employment Agreement (Hansen Natural Corp), Employment Agreement (Hansen Natural Corp)

Base Salary. During the Employment Period, the Executive shall receive an annual base salary (the “Base Salary”) of no less than $600,000340,000, payable in accordance with the Company’s regular payroll practices. The Base Salary shall be reviewed periodically by the Compensation Committee of the Board (the “Compensation Committee”), and may be increased but not decreased.

Appears in 2 contracts

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

Base Salary. During the Employment Period, commencing on the Effective Date, the Executive shall receive an annual base salary (the “"Base Salary") as determined by the Compensation Committee from time to time. Commencing January 1, 2000, the Executive's Base Salary shall be at a rate of no not less than $600,000, 240,000. The Base Salary shall be payable in accordance with the Company’s 's regular payroll practices. The Base Salary shall be reviewed periodically by the Compensation Committee of the Board (the “Compensation Committee”)practice for its senior executives, and may be increased but not decreasedas in effect from time to time.

Appears in 2 contracts

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

Base Salary. During the Employment Period, the Executive shall receive an annual a base salary (the “Base Salary”) of no less than $600,000, payable 600,000 per annum. The Base Salary shall be subject to review from time to time by the Board or its delegate in its discretion. The Base Salary shall be paid in accordance with the Company’s regular normal payroll practices. The Base Salary shall be reviewed periodically by the Compensation Committee of the Board (the “Compensation Committee”), and may be increased but not decreased.

Appears in 2 contracts

Sources: Employment Agreement (Life Time Group Holdings, Inc.), Employment Agreement (Life Time Group Holdings, Inc.)

Base Salary. During the Employment PeriodTerm of Employment, the Executive shall be entitled to receive an annual annualized base salary (the “Base Salary”) of no not less than six hundred seventy five thousand dollars ($600,000, payable in accordance with the Company’s regular payroll practices. The Base Salary shall be reviewed periodically by the Compensation Committee of the Board (the “Compensation Committee”675,000), and may be increased but not decreased.

Appears in 2 contracts

Sources: Employment Agreement (Mfa Mortgage Investments), Employment Agreement (Mfa Mortgage Investments)

Base Salary. During the Employment Period, the Executive shall receive an annual a base salary (the "Base Salary”) "), payable bi-weekly or in such other installments as may be agreed upon, at a minimum annual rate of no less than $600,000, payable in accordance with the Company’s regular payroll practiceseffective January 1, 2014. The Corporation shall review the Base Salary annually and in light of such review may, in the discretion of the Board of Directors of the Corporation increase (but not decrease) the Base Salary, and such adjusted Base Salary shall be reviewed periodically by then constitute the Compensation Committee "Base Salary" for purposes of the Board (the “Compensation Committee”), and may be increased but not decreasedthis Agreement.

Appears in 2 contracts

Sources: Employment Agreement (Monster Beverage Corp), Employment Agreement (Monster Beverage Corp)

Base Salary. During the Employment Period, the Executive shall receive an annual a base salary (the “Base Salary”) at the annualized rate of no less than $600,000400,000.00, payable in accordance with which amount may be increased or decreased by the Company’s regular payroll practicesCompensation Committee (the “Compensation Committee”) of the Board of Directors of the Company (the “Board”), as provided below. The Base Salary shall be reviewed periodically by paid in installments at such intervals as the Compensation Committee of the Board (the “Compensation Committee”)Company pays executive salaries generally, and may be increased but not decreasedless often than monthly. The term “Base Salary” as utilized in this Agreement shall refer to Base Salary as so adjusted.

Appears in 2 contracts

Sources: Executive Employment Agreement (ProFrac Holding Corp.), Executive Employment Agreement (ProFrac Holding Corp.)

Base Salary. During the Employment PeriodTerm of Employment, the Executive shall receive an annual a base salary per annum (the “Base Salary”) of no less than $600,000, payable in accordance with the Company’s regular normal payroll practicespractices of no less than US $320,000. The Board shall review the Executive’s Base Salary shall be reviewed periodically by the Compensation Committee of the Board annually and may, in its sole discretion, increase (the “Compensation Committee”), and may be increased but not decreaseddecrease) the Executive’s Base Salary.

Appears in 2 contracts

Sources: Employment Agreement (Constar International Inc), Employment Agreement (Constar Inc)

Base Salary. During the Employment Period, the Executive shall receive an annual rate of base salary (the “"Base Salary") of no in an amount not less than $600,000, payable in accordance with the Company’s regular payroll practices. The Base Salary shall be reviewed periodically by the Compensation Committee of the Board (the “Compensation Committee”), and may be increased but not decreased250,000.

Appears in 2 contracts

Sources: Employment Agreement (DHB Industries Inc), Employment Agreement (DHB Industries Inc)

Base Salary. During the Employment PeriodTerm of Employment, the Executive shall receive an annual a base salary at the annualized rate of not less than $918,000 (the “Base Salary”) of no less than $600,000, payable ). The Executive’s Base Salary shall be paid in equal installments in accordance with the Company’s regular regularly established payroll practicesprocedures. The Executive’s Base Salary shall will be reviewed periodically on an annual or more frequent basis by the Compensation Committee Board and is subject to increase (but not decrease) in the discretion of the Board (Board. Upon any such adjustment, the “Compensation Committee”), and may adjusted amount shall thereafter be increased but not decreaseddeemed to be the Base Salary for purposes of this Agreement.

Appears in 2 contracts

Sources: Employment Agreement (Royal Gold Inc), Employment Agreement (Royal Gold Inc)

Base Salary. During the Employment PeriodTerm of Employment, the Executive shall be entitled to receive an annual annualized base salary (the “Base Salary”) of no not less than $600,000, payable in accordance with the Company’s regular payroll practices700,000. The Base Salary shall be reviewed periodically by the Compensation Committee of the Board of Directors (the “Compensation Committee”), and may be increased but not decreased) shall review the Executive’s Base Salary annually to determine whether increases are appropriate.

Appears in 2 contracts

Sources: Employment Agreement (Mfa Financial, Inc.), Employment Agreement (Mfa Financial, Inc.)

Base Salary. During the Employment Period, the Executive shall receive an annual rate of base salary (the “"Base Salary") of no in an amount not less than $600,000, 543,490. Executive's Base Salary will be reviewed by the Company annually and may be adjusted upward (but not downward) at such time. Base Salary shall be payable in accordance with the Company’s regular payroll 's normal business practices. The Base Salary shall be reviewed periodically by the Compensation Committee of the Board (the “Compensation Committee”), and may be increased but not decreasedin no event less frequently than monthly.

Appears in 2 contracts

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

Base Salary. During the Employment PeriodTerm, the Employer shall pay to Executive shall receive an annual a base salary at the rate of $425,000.00 on an annualized basis (the “Base Salary”) of no less than $600,000, payable in accordance with the Company). Executive’s regular payroll practices. The Base Salary shall be reviewed periodically by subject to periodic adjustments (but not decreases) as the Board or the Compensation Committee of the Board (the “Compensation Committee”)) shall, and in its discretion, deem appropriate. As used in this Agreement, the term “Base Salary” shall refer to Base Salary as may be increased but not decreasedadjusted from time to time. Base Salary shall be payable in accordance with the customary payroll practices of Employer.

Appears in 2 contracts

Sources: Employment Agreement (Roka BioScience, Inc.), Employment Agreement (Roka BioScience, Inc.)

Base Salary. During the Employment PeriodTerm, the Executive shall receive an aggregate annual base salary (the “Base Salary”) at an initial rate of no less than $600,000400,000, payable in accordance with the Company’s regular applicable payroll practices. The Base Salary shall be reviewed periodically annually by the Compensation Committee of the Board and increased (the “Compensation Committee”), and may be increased but not decreased) in the Board’s sole discretion. References in this Agreement to Base Salary shall be deemed to refer to the most recently effective annual base salary rate.

Appears in 2 contracts

Sources: Employment Agreement (Vistra Energy Corp), Employment Agreement (Vistra Energy Corp)

Base Salary. During the Employment Period, the Executive shall receive an annual base salary at the rate of $750,000, subject to review for increase (the “Base Salary”but not decrease) of no less than $600,000, payable in accordance with the Company’s regular payroll practices. The Base Salary shall be reviewed periodically by the Executive Compensation Committee of the Board (the “Compensation Committee”); provided, and may that, at no time shall the Committee be increased but not decreasedrequired to adjust the Annual Base Salary in connection with such review (such base salary, as adjusted pursuant to such Committee review from time to time, the “Annual Base Salary”).

Appears in 2 contracts

Sources: Employment Agreement (Care Capital Properties, Inc.), Employment Agreement (Care Capital Properties, Inc.)

Base Salary. During the Employment PeriodTerm, the Executive shall receive an aggregate annual base salary (the “Base Salary”) at an initial rate of no less than $600,000609,000.00, payable in accordance with the Company’s regular applicable payroll practices. The Base Salary shall be reviewed periodically annually by the Compensation Committee of the Board and increased (the “Compensation Committee”), and may be increased but not decreased) in the Board’s sole discretion. References in this Agreement to Base Salary shall be deemed to refer to the most recently effective annual base salary rate.

Appears in 2 contracts

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

Base Salary. During the Employment PeriodTerm, the Executive shall receive an aggregate annual base salary (the “Base Salary”) at an initial rate of no less than $600,000634,400.00, payable in accordance with the Company’s regular applicable payroll practices. The Base Salary shall be reviewed periodically annually by the Compensation Committee of the Board and increased (the “Compensation Committee”), and may be increased but not decreased) in the Board’s sole discretion. References in this Agreement to Base Salary shall be deemed to refer to the most recently effective annual base salary rate.

Appears in 2 contracts

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

Base Salary. During the Employment PeriodTerm, the Employer shall pay to Executive shall receive an annual a base salary at the rate of $275,000.00 on an annualized basis (the “Base Salary”) of no less than $600,000, payable in accordance with the Company). Executive’s regular payroll practices. The Base Salary shall be reviewed periodically by subject to periodic adjustments (but not decreases) as the Board or the Compensation Committee of the Board (the “Compensation Committee”)) shall, and in its discretion, deem appropriate. As used in this Agreement, the term “Base Salary” shall refer to Base Salary as may be increased but not decreasedadjusted from time to time. Base Salary shall be payable in accordance with the customary payroll practices of Employer.

Appears in 2 contracts

Sources: Employment Agreement (Roka BioScience, Inc.), Employment Agreement (Roka BioScience, Inc.)

Base Salary. During the Employment PeriodTerm, the Executive shall receive an aggregate annual base salary (the “Base Salary”) at an initial rate of no less than $600,000615,000.00, payable in accordance with the Company’s regular applicable payroll practices. The Base Salary shall be reviewed periodically annually by the Compensation Committee of the Board and increased (the “Compensation Committee”), and may be increased but not decreased) in the Board’s sole discretion. References in this Agreement to Base Salary shall be deemed to refer to the most recently effective annual base salary rate.

Appears in 2 contracts

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

Base Salary. During the Employment PeriodTerm of Employment, the Executive shall be entitled to receive an annual annualized base salary (the “Base Salary”) of no not less than $600,000, payable in accordance with the Company’s regular payroll practices350,000. The Base Salary shall be reviewed periodically by the Compensation Committee of the Board of Directors (the “Compensation Committee”), and may be increased but not decreased) shall review the Executive’s Base Salary annually to determine whether increases are appropriate.

Appears in 2 contracts

Sources: Employment Agreement (Mfa Financial, Inc.), Employment Agreement (Mfa Financial, Inc.)

Base Salary. During the Employment PeriodTerm, the Executive shall receive an annual base salary (the “Base Salary”) of no less than five hundred and fifty thousand dollars ($600,000550,000), payable in regular installments in accordance with the Company’s regular usual payroll practices. The Executive’s Base Salary shall be reviewed periodically by is subject to annual review and may, in the Compensation Committee of the Board (the “Compensation Committee”)’s discretion, and may be increased but not decreasedor decreased under the Company’s standard compensation policies for executive-level employees. As so adjusted, the term “Base Salary” shall refer to the adjusted amount.

Appears in 2 contracts

Sources: Employment Agreement (Meritage Homes CORP), Employment Agreement (Meritage Homes CORP)

Base Salary. During the Employment PeriodTerm of Employment, the Executive shall will be entitled to receive an annual annualized base salary (the “Base Salary”) of no not less than $600,000750,000. Beginning in 2017, payable in accordance with the Company’s regular payroll practices. The Base Salary shall be reviewed periodically by the Compensation Committee of the Board of Directors (the “Compensation Committee”), and may ) will review Executive’s Base Salary annually to determine whether increases are appropriate. Any such increased amount will thereafter be increased but not decreasedExecutive’s “Base Salary” for purposes under this Agreement.

Appears in 2 contracts

Sources: Employment Agreement (Chimera Investment Corp), Employment Agreement (Chimera Investment Corp)

Base Salary. During the Employment Period, the Executive shall be entitled to receive an annual base salary equal to One Million Dollars ($1,000,000) (the “Base Salary”) of no ). The Base Salary shall be paid not less frequently than $600,000, payable monthly and otherwise in accordance with the Company’s regular payroll practicespractice. The Board shall review Base Salary at least annually and may increase Base Salary in its sole discretion. The increased Base Salary shall thereafter be reviewed periodically by considered the Compensation Committee of the Board (the “Compensation Committee”), Base Salary and may not be increased but not decreaseddecreased once increased.

Appears in 2 contracts

Sources: Employment Agreement (Reliant Pharmaceuticals, Inc.), Employment Agreement (Reliant Pharmaceuticals, Inc.)

Base Salary. During the Employment Period, the Executive shall receive an annual base salary in an amount equal to Three Hundred Fifty Thousand Dollars (the “Base Salary”) of no $350,000), less than $600,000all applicable withholdings, payable which shall be paid in accordance with the Company’s regular customary payroll practicespractices of the Company (as in effect from time to time, the “Annual Base Salary”). The Annual Base Salary shall be reviewed periodically prorated for partial calendar years of employment and shall be subject to annual review as determined by the Compensation Committee Board of Directors of the Board Company (the “Compensation CommitteeBoard”), and may be increased but not decreasedin its sole discretion.

Appears in 2 contracts

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

Base Salary. During The Employer shall pay Executive an aggregate minimum annual salary at the rate of $550,000 per annum from the beginning of the Employment Period, Period through the Executive shall receive an annual base salary end of the Employment Period (the “Base Salary”) of no less than $600,000, ). Base Salary shall be payable bi-weekly in accordance with the CompanyEmployer’s regular payroll normal business practices. The Base Salary shall be reviewed periodically by the Board or Compensation Committee of the Board (the “Compensation Committee”), and may be increased but not decreasedat least annually.

Appears in 2 contracts

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

Base Salary. During the Employment PeriodTerm, the Executive shall receive an annual a base salary (as may be adjusted from time to time, the “Base Salary”) of no less than $600,000, payable 800,000 per year (pro-rated for any partial year of service). The Base Salary shall be paid in installments in accordance with the Company’s regular customary payroll practices, as in effect from time to time, but no less often than monthly. The Base Salary shall be reviewed periodically no less often than annually by the Compensation Committee of the Board (the “Compensation Committee”), and may be increased but not decreased.

Appears in 2 contracts

Sources: Employment Agreement (Kennedy-Wilson Holdings, Inc.), Employment Agreement (Kennedy-Wilson Holdings, Inc.)

Base Salary. During the Employment Period, commencing on the Effective Date, the Executive shall receive an annual base salary (the “"Base Salary") as determined by the Compensation Committee from time to time. Commencing January 1, 2000, the Executive's Base Salary shall be at a rate of no not less than $600,000, 345,000. The Base Salary shall be payable in accordance with the Company’s 's regular payroll practices. The Base Salary shall be reviewed periodically by the Compensation Committee of the Board (the “Compensation Committee”)practice for its senior executives, and may be increased but not decreasedas in effect from time to time.

Appears in 2 contracts

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

Base Salary. During the Employment Period, the Executive shall receive an annual base salary (the “Base Salary”) of no less than $600,000400,000, payable in accordance with the Company’s regular payroll practices. The Base Salary shall be reviewed periodically by the Compensation Committee of the Board (the “Compensation Committee”), and may be increased but not decreased.

Appears in 2 contracts

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

Base Salary. During the Employment PeriodTerm of Employment, the Executive shall be entitled to receive an annual annualized base salary (the “Base Salary”) of no not less than $600,000, payable in accordance with the Company’s regular payroll practices400,000. The Base Salary shall be reviewed periodically by the Compensation Committee of the Board of Directors (the “Compensation Committee”), and may be increased but not decreased) shall review the Executive’s Base Salary annually to determine whether increases are appropriate.

Appears in 2 contracts

Sources: Employment Agreement (Mfa Financial, Inc.), Employment Agreement (Mfa Financial, Inc.)

Base Salary. During the Employment PeriodTerm, the Executive shall receive an annual base salary (the "Base Salary") of no not less than $600,000, payable in accordance with the Company’s regular payroll practices250,000. The Base Salary shall be reviewed periodically by payable in accordance with the Compensation Committee customary payroll practices of the Board (the “Compensation Committee”), and may be increased but not decreasedCompany for salaried employees.

Appears in 2 contracts

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

Base Salary. During the Employment Period, the Executive shall receive an annual a base salary (the “Base Salary”) at the annualized rate of no $200,000, less than $600,000, payable in accordance with the Company’s regular payroll practicesapplicable taxes and withholdings. The Base Salary shall be paid in installments at such intervals as the Company pays executive salaries generally, but not less often than monthly. During the Employment Period, the Base Salary shall be reviewed periodically by at least annually for possible increase, in the Compensation Committee discretion of the Board (the Board. The term Compensation Committee”), and may be increased but not decreasedBase Salary” as utilized in this Agreement shall refer to Base Salary as so adjusted.

Appears in 2 contracts

Sources: Employment Agreement (Global Gas Corp), Unit Purchase Agreement (Dune Acquisition Corp)

Base Salary. During the Employment Period, the Executive shall receive an annual base salary (the “Base Salary”) of in an amount equal to no less than Six Hundred and Fifty Thousand Dollars ($600,000650,000), payable less all applicable withholdings, which shall be paid in accordance with the Company’s regular customary payroll practicespractices of the Company (as in effect from time to time, the “Annual Base Salary”). The Annual Base Salary shall be reviewed periodically prorated for partial calendar years of employment and shall be subject to annual review by the Compensation Committee of the Board (the “Compensation Committee”or a committee thereof), and may be increased but not decreasedin its sole discretion.

Appears in 2 contracts

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

Base Salary. During the Employment PeriodTerm, the Executive shall receive an aggregate annual base salary (the “Base Salary”) at an initial rate of no less than $600,000590,000.00, payable in accordance with the Company’s regular applicable payroll practices. The Base Salary shall be reviewed periodically annually by the Compensation Committee of the Board and increased (the “Compensation Committee”), and may be increased but not decreased) in the Board’s sole discretion. References in this Agreement to Base Salary shall be deemed to refer to the most recently effective annual base salary rate.

Appears in 2 contracts

Sources: Employment Agreement (Vistra Energy Corp), Employment Agreement (Vistra Energy Corp)

Base Salary. During the Employment Period, the Executive shall continue to receive an annual annualized base salary (the Annual Base Salary”) of no less than $600,000750,000, payable in accordance with pursuant to the Company’s regular normal payroll practices. The Base Salary shall be reviewed periodically by the Compensation Committee of the Board (the “Compensation Committee”), and may be increased but not decreased.

Appears in 2 contracts

Sources: Transition Agreement (Primerica, Inc.), Transition Agreement (Primerica, Inc.)

Base Salary. During Beginning on the Employment PeriodEffective Date, the Executive shall be entitled to receive an annual a base salary (from the “Base Salary”) Company during the Employment Period at the rate of no less than $600,000, payable in accordance with the Company’s regular payroll practices550,000.00 per year. The Base Salary Executive’s base salary shall be reviewed periodically annually by the Board or the Compensation Committee of the Board (the “Compensation Committee”), and may be increased (but not decreased). The base salary shall be paid in accordance with the Company’s payroll procedures as in effect from time-to-time.

Appears in 1 contract

Sources: Employment Agreement (NOODLES & Co)

Base Salary. During the Employment Period, the Executive shall receive an annual base salary (the “Base Salary”) of no less than $600,0001,150,000, payable in accordance with the CompanyEmployer’s regular payroll practicespractices for full-time employees. The Base Salary shall will be reviewed periodically annually by the Compensation Committee of the Board compensation committee (the “Compensation Committee”), and may be increased ) of the Employer Board for increase but not decreaseddecrease. The term “Base Salary” as used herein will refer to the most recently effective Base Salary.

Appears in 1 contract

Sources: Employment Agreement (Synovus Financial Corp)

Base Salary. During the Employment Period, ----------- the Executive shall receive an annual base salary (the “"Annual Base Salary") of no not less than $600,000275,000, payable which shall be paid in accordance with the Company’s regular 's normal payroll practices. The Base Salary practices and shall be reviewed periodically by the Compensation Committee of the Board (the “Compensation Committee”)apply retroactively to May 5, and may be increased but not decreased2004.

Appears in 1 contract

Sources: Executive Bonus Agreement (Solutia Inc)

Base Salary. During the Employment Period, commencing on the Effective Date, the Executive shall receive an annual base salary (the “Base Salary”) as determined by the Compensation Committee from time to time. Commencing July 1, 2002, the Executive’s Base Salary shall be at a rate of no not less than $600,000, 375,000. The Base Salary shall be payable in accordance with the Company’s regular payroll practices. The Base Salary shall be reviewed periodically by the Compensation Committee of the Board (the “Compensation Committee”)practice for its senior executives, and may be increased but not decreasedas in effect from time to time.

Appears in 1 contract

Sources: Employment Agreement (HPSC Inc)

Base Salary. During the Employment Period, the Executive shall receive an initial annual base salary in an amount equal to $1,000,000 (as may be adjusted from time to time, the “Annual Base Salary”) of no less than $600,000), payable which shall be paid in accordance with the Company’s regular customary payroll practicespractices of the Employer (but no less frequently than in equal monthly installments). The Annual Base Salary shall will be reviewed periodically by the Board or the Compensation Committee of the Board (the “Compensation Committee”), and may be increased but not decreased) or its designee annually for adjustments.

Appears in 1 contract

Sources: Employment Agreement (Magnera Corp)

Base Salary. During the Employment PeriodTerm of Employment, the Executive shall receive be paid an annual base salary (the “hereinafter "Base Salary") of no less than $600,000, payable which shall be paid in equal installments in accordance with the Company’s regular payroll practicesBank's normal pay practice, but not less frequently than monthly, and subject to such deductions as may be required by law. The Executive's annual Base Salary shall be reviewed periodically by $82,000 per year. Base salary increases will be at the Compensation Committee discretion of the Bank Board (of Directors and based upon the “Compensation Committee”), review of the compensation committee and may the performance of bank will be increased but not decreasedadjusted on an annual basis as reflected in the attached table.

Appears in 1 contract

Sources: Employment Agreement (Thomasville Bancshares Inc)

Base Salary. During the Employment Period, the Executive shall receive an annual base salary (of $250,000.00 payable pursuant to the “Base Salary”) of Company's normal payroll practices, but no less frequently than $600,000monthly ("ANNUAL BASE SALARY"). Commencing in 2001, payable in accordance with the Company’s regular payroll practices. The Annual Base Salary then in effect shall be reviewed periodically by the Compensation Committee Company by no later than April 15th of the Board (the “Compensation Committee”), each year and may be increased (but not decreased) by such amount as the Company in its sole discretion shall determine.

Appears in 1 contract

Sources: Employment Agreement (At&t Latin America Corp)

Base Salary. During the Employment PeriodEffective as of July 1, 2008, the Executive shall receive an annual base salary (the “Base Salary”) of no not less than $600,000, payable in accordance with the Company’s regular payroll practicesU.S.$750,000. The Base Salary shall be reviewed periodically by payable in accordance with the Compensation Committee customary payroll practices of the Company for salaried employees in the United States. The Board, or a committee thereof, shall review the Executive’s Base Salary at such times each year that the Board (or committee reviews the “Compensation Committee”), and may be increased but not decreasedcompensation of other senior executive officers.

Appears in 1 contract

Sources: Employment Agreement (Genpact LTD)

Base Salary. During the Employment Period, the Executive shall will receive an annual a base salary (the “Base Salary”) at an annual rate of no less than $600,000315,000, payable paid in accordance with the normal payroll practices of the Company’s regular payroll practices. The Base Salary shall be reviewed periodically by the Compensation Committee of the Board (the “Compensation Committee”), or a designated committee thereof) and may be increased in its discretion but not decreaseddecreased without Executive’s consent.

Appears in 1 contract

Sources: Executive Employment Agreement (Eclipse Resources Corp)

Base Salary. During the Employment PeriodTerm of Employment, the Executive shall will receive from the Employer an annual base salary of Four Hundred Fifty Thousand dollars ($450,000) (the “Base Salary”) of no less than $600,000), payable in accordance with the Company’s regular payroll practicesstandard practice of the Employer in the payment of salaries of its employees but no less frequently than monthly. The Board will review the Base Salary shall be reviewed periodically by the Compensation Committee of the Board (the “Compensation Committee”)from time to time, and may, in its sole and absolute discretion, increase the Base Salary. The Executive’s Base Salary may not be increased but not decreasedreduced.

Appears in 1 contract

Sources: Executive Employment Agreement (Liquid Holdings Group, Inc.)

Base Salary. During the Employment Period, the Executive shall receive a base salary at an annual base salary (the “Base Salary”) rate of no less than at least $600,000, 250,000 payable in accordance with the Company’s regular Corporation's standard payroll practices. The Base Salary shall policy, with any increase thereto to be reviewed periodically determined by the Compensation Committee of the Board (the “Compensation Committee”), and may be increased but not decreasedof Directors from time to time.

Appears in 1 contract

Sources: Employment Agreement (Integrated Energy Technologies Inc)

Base Salary. During the Employment Period, the Executive shall receive an annual base salary (the “"Annual Base Salary") of no not less than $600,000825,000, payable which shall be paid in accordance with the Company’s regular 's normal payroll practicespractice and shall apply retroactively to January 1, 2007. The Base Salary shall be reviewed periodically by Thereafter, the Board or the Executive Compensation and Development Committee of the Board (the “Compensation Committee”), "ECDC") shall review annually Executive's compensation and may be increased but not decreasedelect to increase his Annual Base Salary.

Appears in 1 contract

Sources: Employment Agreement (Solutia Inc)

Base Salary. During the Employment PeriodTerm of Employment, the Executive shall receive an annual a base salary (the “Base Salary”) of no less than $600,000, per annum payable in accordance with the Company’s regular normal payroll practices. The Base Salary shall be reviewed periodically by the Compensation Committee practices of no less than US $283,920, which the Board shall review annually and may, in its sole discretion, increase (the but not decrease) (Compensation CommitteeBase Salary”), and may be increased but not decreased.

Appears in 1 contract

Sources: Executive Employment Agreement (Constar International Inc)

Base Salary. During the Employment Period, the Executive shall receive an a minimum annual base salary (the “"Base Salary") of no less than equal to $600,000250,000, payable in accordance with the customary payroll as in effect from time to time for senior executives of the Company’s regular payroll practices. The Board shall review the Executive's Base Salary shall be reviewed periodically by no less frequently than annually commencing no later than January 1, 1996, for possible increases of such Base Salary in relationship to the Compensation Committee goals and performance of the Board (the “Compensation Committee”), Company and may be increased but not decreasedprevailing competitive conditions.

Appears in 1 contract

Sources: Employment Agreement (Producers Entertainment Group LTD)

Base Salary. During the Employment Period, the Executive shall receive an annual base salary (the “Base Salary”) of no less than $600,000, 250,000 payable in accordance with the Company’s regular payroll practicespractices of Employer. The Base Salary Executive’s base salary shall be reviewed periodically annually by Employer, in accordance with Employer’s standard practices for executives generally, and may be increased, but not decreased, as determined by the Compensation Board of Directors, in its sole discretion, or by any Committee of the Board (the “Compensation Committee”), and may be increased but not decreasedof Directors to which such authority has been delegated.

Appears in 1 contract

Sources: Employment Agreement (Arcadia Resources, Inc)

Base Salary. During the Employment PeriodTerm of Employment, the Executive shall receive an annual base salary (the “"Base Salary") of no less than $600,000, payable in accordance with the Company’s regular 's normal payroll practicespractices of no less than US $346,143. The Board shall review the Executive's Base Salary and shall be reviewed periodically increase such Base Salary by no less than five percent (5%) as of January 1, 2005. Thereafter, the Compensation Committee Board shall review the Executive's Base Salary annually and shall increase such Base Salary by no less than five percent (5%) as of January 1 of each year of the Board (the “Compensation Committee”), and may be increased but not decreasedTerm of Employment.

Appears in 1 contract

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

Base Salary. During the Employment PeriodTerm of Employment, the Executive shall receive an annual base salary (the “Base Salary”) of no less than $600,000, payable in accordance with the Company’s regular normal payroll practicespractices of no less than $695,000 (effective as of the consummation of the Mergers). The Board shall review the Executive’s Base Salary shall be reviewed periodically by annually (beginning January 2014) and may, in the Compensation Committee discretion of the Board (of Directors or a committee thereof, upwardly adjust Executive’s Base Salary as of January 1 of each year of the “Compensation CommitteeTerm of Employment.), and may be increased but not decreased.

Appears in 1 contract

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

Base Salary. During the Employment Period, the Executive shall receive a base salary at a rate of $450,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, and shall be subject to review on an annual base salary basis as determined by the Board or a committee thereof (the “Base Salary”) of no less than $600,000, payable in accordance with the Company’s regular payroll practices. The Base Salary shall be reviewed periodically by the Compensation Committee of the Board (the “Compensation Committee”), and may be increased but not decreased.

Appears in 1 contract

Sources: Employment Agreement (Forterra, Inc.)

Base Salary. During the Employment Period, the Executive shall will receive an annual a base salary (the “Base Salary”) at an annual rate of no less than three hundred fifty five thousand dollars ($600,000355,000.00), payable paid in accordance with the normal payroll practices of the Company’s regular payroll practices. The Base Salary shall be reviewed periodically by the Compensation Committee of the Board (the “Compensation Committee”), or a designated committee thereof) and may be increased in its discretion but not decreaseddecreased without Executive’s consent.

Appears in 1 contract

Sources: Executive Employment Agreement (Eclipse Resources Corp)

Base Salary. During the Employment Period, the Executive shall receive an annual base salary at the annual rate (the Annual Base Salary”) of no less than $600,000, payable 780,000 (USD) paid in accordance with the Company’s regular normal payroll practices. The practices of the Company as may be in effect from time to time, which Annual Base Salary shall be reviewed periodically for increase at least annually by the Compensation Committee of the Board (the “Compensation Committee”), and may be increased but not decreased.

Appears in 1 contract

Sources: Employment Agreement (Graftech International LTD)

Base Salary. During the Term of Employment Periodor Renewed Term of Employment, the if any, Executive shall receive an annual a base salary (the “Base Salary”) at a rate of no less than $600,000500,000 per annum (or such greater amount as shall be recommended by the Compensation Committee), payable monthly or more frequently in accordance with the Company’s regular payroll practicespractice as applied to other senior executives. The Base Salary Such base salary shall be reviewed periodically by the Compensation Committee of the Board (the “Compensation Committee”), and may be increased but not decreasedat least annually.

Appears in 1 contract

Sources: Employment Agreement (Getty Realty Corp /Md/)

Base Salary. During the Employment PeriodTerm, the Executive shall receive an aggregate annual base salary (the “Base Salary”) at an initial rate of no less than $600,000577,500, payable in accordance with the Company’s regular applicable payroll practices. The Base Salary shall be reviewed periodically annually by the Compensation Committee of the Board and increased (the “Compensation Committee”), and may be increased but not decreased) in the Board’s sole discretion. References in this Agreement to Base Salary shall be deemed to refer to the most recently effective annual base salary rate.

Appears in 1 contract

Sources: Employment Agreement (Vistra Energy Corp.)

Base Salary. During the Term of Employment Periodor Renewed Term of Employment, if any, the Executive shall receive an annual a base salary (the “Base Salary”) at a rate of no less than $600,000700,000 per annum (or such greater amount as shall be determined by the Company’s Chief Executive Officer in conjunction with the Board of Directors), payable monthly or more frequently in accordance with the Company’s regular payroll practicespractice as applied to other senior executives. The Base Salary Such base salary shall be reviewed periodically by the Compensation Committee of the Board (the “Compensation Committee”), and may be increased but not decreasedat least annually.

Appears in 1 contract

Sources: Employment Agreement (Kimco Realty Corp)

Base Salary. During the Employment Period, the The Executive shall receive an annual a base salary equal to one hundred and twelve thousand dollars ($112,000) per annum (the "Base Salary”) of no less than $600,000"), payable which Base Salary shall be paid in accordance with the Company’s regular 's generally applicable payroll practicespractices and procedures (or in such other manner as the Executive and the Company may otherwise agree). The Base Salary shall be reviewed periodically for adjustment by the Compensation Committee of the Board annually (the “Compensation Committee”)commencing on or about January 1, 2002, and may be increased but not decreasedon or about each January 1 thereafter during the Employment Period).

Appears in 1 contract

Sources: Employment Agreement (Mining Services International Corp/)

Base Salary. During the Employment Period, the Executive shall receive an annual base salary in an amount equal to Two Hundred and Eighty-Five Thousand Dollars (the “Base Salary”) of no $285,000), less than $600,000all applicable withholdings, payable which shall be paid in accordance with the Company’s regular customary payroll practicespractices of the Company (as in effect from time to time, the “Annual Base Salary”). The Annual Base Salary shall be reviewed periodically prorated for partial calendar years of employment and shall be subject to annual review and possible increase as determined by the Compensation Committee of the Board (the “Compensation Committee”)Board, and may be increased but not decreasedin its sole discretion.

Appears in 1 contract

Sources: Employment Agreement (EVERTEC, Inc.)

Base Salary. During the Employment Period, the Executive shall will receive an annual a base salary (the “Base Salary”) at an annual rate of no less than $600,000563,550, payable paid in accordance with the normal payroll practices of the Company’s regular payroll practices. The Base Salary shall be reviewed periodically by the Compensation Committee of the Board (the “Compensation Committee”), or a designated committee thereof) and may be increased in its discretion but not decreaseddecreased without Executive’s consent.

Appears in 1 contract

Sources: Executive Employment Agreement (Eclipse Resources Corp)

Base Salary. During the Employment Period, the Executive shall receive an initial annual base salary in an amount equal to $350,000 (the “Annual Base Salary”) of no less than $600,000), payable which shall be paid in accordance with the customary payroll practices of the Company’s regular payroll practices. The Base Salary shall will be reviewed periodically by the Board of Directors of the Company (the “Board”) or the Compensation Committee of the Board (the “Compensation Committee”), and may be increased ) or its designee annually for increase (but not decreasedfor decrease). The Base Salary, as then increased, will be the “Base Salary” for all purposes of this Employment Agreement.

Appears in 1 contract

Sources: Employment Agreement (Covalence Specialty Adhesives LLC)

Base Salary. During the Employment Period, the Executive shall receive an initial annual base salary in an amount equal to $650,000 (the “Annual Base Salary”) of no less than $600,000), payable which shall be paid in accordance with the Company’s regular customary payroll practicespractices of the Company (but no less infrequently than in equal monthly installments). The Base Salary shall will be reviewed periodically by the Board or the Compensation Committee of the Board (the “Compensation Committee”), and may be increased ) or its designee annually for increase (but not decreasedfor decrease). The Base Salary, as then increased, will be the “Base Salary” for all purposes of this Employment Agreement.

Appears in 1 contract

Sources: Employment Agreement (MPM Silicones, LLC)

Base Salary. During the Term of Employment Period, the Executive shall receive an annual a base salary (the “"Base Salary") at a rate of no less than $600,000250,000 per annum ( or such greater amount as shall be determined by the Board), payable monthly or more frequently in accordance with the Company’s regular payroll practices. The Base Salary shall be reviewed periodically by the Compensation Committee of the Board (the “Compensation Committee”), and may be increased but not decreased's practice as applied to other senior executives.

Appears in 1 contract

Sources: Employment Agreement (Kimco Realty Corp)

Base Salary. During the Term of Employment Period, the Executive shall receive an annual a base salary (the “"Base Salary") at a rate of no less than $600,000$ 400,000 per annum (or such greater amount as shall be determined by the Board), payable monthly or more frequently in accordance with the Company’s regular payroll practices. The Base Salary shall be reviewed periodically by the Compensation Committee of the Board (the “Compensation Committee”), and may be increased but not decreased's practice as applied to other senior executives.

Appears in 1 contract

Sources: Employment Agreement (Kimco Realty Corp)

Base Salary. During the Employment Period, the Executive shall receive an annual base salary (the Annual Base Salary”) of no less than Three Hundred Thousand Dollars ($600,000300,000). The Annual Base Salary may be modified from time to time by the Company’s Board of Directors, payable in its discretion upon recommendation from the CEO. The Annual Base Salary shall be paid in accordance with the Company’s regular normal payroll practices. The Base Salary shall be reviewed periodically practices subject only to such payroll and withholding deductions as are required by the Compensation Committee of the Board (the “Compensation Committee”), and may be increased but not decreasedlaw.

Appears in 1 contract

Sources: Employment Agreement (Techteam Global Inc)

Base Salary. During the Employment Period, the ------------ ----------- Executive shall receive an annual base salary (the “"Annual Base Salary") of no less than $600,000, payable 275,000. The Annual Base Salary shall be paid in accordance with the Company’s regular normal payroll practices. The Base Salary shall be reviewed periodically by the Compensation Committee practices of the Board (the “Compensation Committee”)Company, and may be increased (but not decreased) from time to time, in the discretion of the Board.

Appears in 1 contract

Sources: Employment Agreement (Medical Resources Inc /De/)

Base Salary. During the Employment Period, the Executive shall be entitled to receive an annual a base salary at a rate of $360,000.00 per annum, which base salary shall be payable in accordance with the payroll practices of the Company, with such increases (but no decreases) as may be determined by the Compensation Committee from time to time (as increased from time to time, the “Base Salary”) of no less than $600,000, payable in accordance with the Company’s regular payroll practices. The Base Salary shall be reviewed periodically by the Compensation Committee of the Board (the “Compensation Committee”), and may be increased but not decreased.

Appears in 1 contract

Sources: Employment Agreement (Dorman Products, Inc.)

Base Salary. During the Employment Period, the Executive shall receive an annual rate of base salary (the “Base Salary”) of no not less than $600,000650,000, payable in accordance with which the Company shall pay at semi-monthly intervals, or otherwise at such intervals (not less frequently than monthly) as are used generally for the Company’s regular payroll practicessenior executives. The Base Salary shall be reviewed periodically annually by the Company (through its Board or any Compensation Committee thereof) not later than June 30 of the Board (the “Compensation Committee”), each calendar year and may be increased (but not decreased) by such amount as the Board in its sole discretion shall determine.

Appears in 1 contract

Sources: Employment Agreement (DHB Industries Inc)

Base Salary. During the Employment Period, the Executive shall receive an annual a base salary (the “Base Salary”) of no less than $600,000), payable which shall be paid in equal installments on a biweekly basis or otherwise in accordance with the Company’s regular payroll practicespractices of ▇▇▇▇▇, at the rate of three hundred thousand dollars ($300,000.00) per annum. The Base Salary shall This base salary may be reviewed periodically by increased annually at the discretion of the CEO and the Compensation Committee of the Board (the “Compensation Committee”) of the Board of Directors of ▇▇▇▇▇ (the “▇▇▇▇▇ Board”), and may but shall not be increased but not decreasedreduced.

Appears in 1 contract

Sources: Employment Agreement (Aceto Corp)