Common use of Basic Compensation Clause in Contracts

Basic Compensation. Executive’s initial salary (“Base Salary”) when annualized shall be at the rate of $240,000 and shall be payable in bi-weekly or other installments in accordance with the Company’s normal payment schedule for senior management (but not less frequently than monthly). The Executive’s performance and compensation shall be subject to annual review on each July 1st following the first anniversary of the Commencement Date thereafter.

Appears in 2 contracts

Samples: Employment Agreement (Daystar Technologies Inc), Employment Agreement (Daystar Technologies Inc)

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Basic Compensation. Executive’s initial salary (“Base Salary”) when annualized shall be at the rate of $240,000 175,000.00 and shall be payable in bi-weekly or other installments in accordance with the Company’s normal payment schedule for senior management (but not less frequently than monthly). The Executive’s performance and compensation Base Salary shall be subject to annual review commencing on each July 1st following the first anniversary of the Commencement Date thereafterand on or about each subsequent anniversary during the Term, and may be increased (but not decreased) by the Board in its sole discretion for subsequent years.

Appears in 2 contracts

Samples: Employment Agreement (Daystar Technologies Inc), Employment Agreement (Daystar Technologies Inc)

Basic Compensation. Executive’s initial salary (“Base Salary”) when annualized shall be at the rate of $240,000 169,500.00 and shall be payable in bi-weekly or other installments in accordance with the Company’s normal payment schedule for senior management (but not less frequently than monthly). The Executive’s performance and compensation Base Salary shall be subject to annual review commencing on each July 1st following the first anniversary of the Commencement Date thereafterand on or about each subsequent anniversary during the Term, and may be increased (but not decreased) by the Board in its sole discretion for subsequent years.

Appears in 1 contract

Samples: Employment Agreement (Daystar Technologies Inc)

Basic Compensation. Executive’s initial salary (“Base Salary”) when annualized shall be at the rate of $240,000 160,000.00 and shall be payable in bi-weekly or other installments in accordance with the Company’s normal payment schedule for senior management (but not less frequently than monthly). The Executive’s performance and compensation Base Salary shall be subject to annual review commencing on each July 1st following the first anniversary of the Commencement Date thereafterand on or about each subsequent anniversary during the Term, and may be increased (but not decreased) by the Board in its sole discretion for subsequent years.

Appears in 1 contract

Samples: Employment Agreement (Daystar Technologies Inc)

Basic Compensation. Executive’s initial salary (“Base Salary”) when annualized shall be at the rate of $240,000 140,000.00 and shall be payable in bi-weekly or other installments in accordance with the Company’s normal payment schedule for senior management (but not less frequently than monthly). The Executive’s performance and compensation Base Salary shall be subject to annual review commencing on each July 1st following the first anniversary of the Commencement Date thereafterand on or about each subsequent anniversary during the Term, and may be increased (but not decreased) by the Board in its sole discretion for subsequent years.

Appears in 1 contract

Samples: Employment Agreement (Daystar Technologies Inc)

Basic Compensation. Executive’s initial salary (“Base Salary”) when annualized shall be at the rate of $240,000 250,000 and shall be payable in bi-weekly or other installments in accordance with the Company’s normal payment schedule for senior management (but not less frequently than monthly). The Executive’s performance and compensation shall be subject to annual review (generally on or around each July 1st 1st, or such other time as applicable to executive officers generally) following the first anniversary of the Commencement Date thereafter.

Appears in 1 contract

Samples: Employment Agreement (Daystar Technologies Inc)

Basic Compensation. Executive’s initial salary (“Base Salary”) when annualized shall be at the rate of $240,000 150,000.00 and shall be payable in bi-weekly or other installments in accordance with the Company’s normal payment schedule for senior management (but not less frequently than monthly). The Executive’s performance and compensation Base Salary shall be subject to annual review commencing on each July 1st following the first anniversary of the Commencement Date thereafterand on or about each subsequent anniversary during the Term, and may be increased (but not decreased) by the Board in its sole discretion for subsequent years.

Appears in 1 contract

Samples: Employment Agreement (Daystar Technologies Inc)

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Basic Compensation. Executive’s initial salary (“Base Salary”) when annualized shall be at the rate of $240,000 200,000 and shall be payable in bi-weekly or other installments in accordance with the Company’s normal payment schedule for senior management (but not less frequently than monthly). The Executive’s performance and compensation shall be subject to annual review on each July 1st following the first anniversary of the Commencement Date thereafter.

Appears in 1 contract

Samples: Employment Agreement (Daystar Technologies Inc)

Basic Compensation. Executive’s 's initial salary ("Base Salary") when annualized shall be at the rate of $240,000 and shall be payable in bi-weekly or other installments in accordance with the Company’s 's normal payment schedule for senior management (but not less frequently than monthly). The Executive’s 's performance and compensation shall be subject to annual review (generally on or around each July 1st 1st, or such other time as applicable to executive officers generally) following the first anniversary of the Commencement Date Day thereafter.

Appears in 1 contract

Samples: Employment Agreement (Daystar Technologies Inc)

Basic Compensation. Executive’s initial salary (“Base Salary”) when annualized shall be at the rate of [$240,000 240,000] and shall be payable in bi-weekly or other installments in accordance with the Company’s normal payment schedule for senior management (but not less frequently than monthly). The Executive’s performance and compensation shall be subject to annual review (generally on or around each July 1st 1st, or such other time as applicable to executive officers generally) following the first anniversary of the Commencement Date thereafter.

Appears in 1 contract

Samples: Employment Agreement (Daystar Technologies Inc)

Basic Compensation. Executive’s initial salary (“Base Salary”) when annualized shall be at the rate of $240,000 200,000 and shall be payable in bi-weekly or other installments in accordance with the Company’s normal payment schedule for senior management (but not less frequently than monthly). The Executive’s performance and compensation Base Salary shall be subject to annual review commencing on each July 1st following the first anniversary of the Commencement Date thereafterand on or about each subsequent anniversary during the Term, and may be increased (but not decreased) by the Board in its sole discretion for subsequent years.

Appears in 1 contract

Samples: Employment Agreement (Daystar Technologies Inc)

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