Common use of Basic Compensation Clause in Contracts

Basic Compensation. As compensation for the Executive's services hereunder, the Company shall pay to the Executive an annual salary of $330,000 (as adjusted, "Basic Compensation"), payable in bi-weekly or monthly installments. The Basic Compensation may be increased in the discretion of the Board.

Appears in 2 contracts

Samples: Employment Agreement (Dov Pharmaceutical Inc), Employment Agreement (Dov Pharmaceutical Inc)

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Basic Compensation. As compensation for the Executive's services hereunder, the Company shall pay to the Executive an annual salary of $330,000 300,000 (as adjusted, "Basic Compensation"), payable in bi-weekly or monthly installments. The Basic Compensation may be increased in the discretion of the Board.

Appears in 1 contract

Samples: Employment Agreement (Dov Pharmaceutical Inc)

Basic Compensation. As compensation for the Executive's services hereunder, the The Company shall pay to Executive basic salary compensation at the Executive an annual salary rate of not less than One Hundred Fifty Thousand U.S. Dollars ($330,000 150,000) per year (as adjusted, "Basic Compensation"), payable in bi-weekly or monthly installments) during the Term of this Agreement. The Executive's Basic Compensation may shall be increased paid in equal weekly, semi-monthly or biweekly installments throughout the discretion Term of the Boardthis Agreement, in accordance with its standard payroll practice.

Appears in 1 contract

Samples: Employment Agreement (Phon Net Com Inc)

Basic Compensation. As compensation for the Executive's services hereunder, the Company shall pay to the Executive an annual salary of $330,000 344,000 (as adjusted, "Basic Compensation"), payable in bi-weekly or monthly installments. The Basic Compensation may be increased in the discretion of the Board.

Appears in 1 contract

Samples: Employment Agreement (Dov Pharmaceutical Inc)

Basic Compensation. As compensation for the Executive's services hereunder, the Company shall pay to the Executive an annual salary of $330,000 250,000 (as adjusted, "Basic Compensation"), payable in bi-weekly or monthly installments. The Basic Compensation may be increased in the discretion of the BoardBoard to cover annual cost-of-living increases.

Appears in 1 contract

Samples: Employment Agreement (Dov Pharmaceutical Inc)

Basic Compensation. As compensation for the Executive's services hereunder, the Company shall pay to the Executive an annual salary of $330,000 425,000 (as adjusted, "Basic Compensation"), payable in bi-weekly or monthly installments. The Basic Compensation may be increased from time to time in the discretion of the Board.

Appears in 1 contract

Samples: Employment Agreement (Dov Pharmaceutical Inc)

Basic Compensation. As compensation for the Executive's services hereunder, the Company shall pay to the Executive an annual salary of $330,000 125,000 (as adjusted, the "Basic Compensation"), payable in bi-weekly or monthly installments. The Basic Compensation may shall be increased in the discretion of the Boardby no less than 5% per year.

Appears in 1 contract

Samples: Employment Agreement (Dov Pharmaceutical Inc)

Basic Compensation. As compensation for the Executive's ’s services hereunder, the Company shall pay to the Executive an annual salary of $330,000 402,325 (as adjusted, "the “Basic Compensation"), payable in bi-weekly or monthly installments. The Basic Compensation may shall be increased in by no less than 10% per year during the discretion of the BoardEmployment Period.

Appears in 1 contract

Samples: Employment Agreement (Dov Pharmaceutical Inc)

Basic Compensation. As compensation for the Executive's services hereunder, the Company shall pay to Executive a salary at the Executive an annual salary rate of $330,000 75,000 (as adjusted, the "Basic CompensationBase Salary"), payable in bi-weekly or monthly installments. The Basic Compensation may be increased installments in accordance with Company's regular payroll practices in effect from time to time for the discretion first year during the term of Executive's employment, and for each subsequent year a salary at such higher annual rate as the BoardBoard shall from time to time determine in its sole discretion.

Appears in 1 contract

Samples: Employment Agreement (Judge Group Inc)

Basic Compensation. As compensation for the Executive's services hereunder, the Company shall pay to the Executive a salary at an annual salary rate of $330,000 120,000 (as adjusted, the "Basic CompensationBase Salary"), payable in bi-weekly or monthly installmentsaccordance with Company's regular payroll practices as in effect from time to time during the term of Executive's employment. The Basic Compensation may be increased in the discretion of the Board.3.2

Appears in 1 contract

Samples: Employment Agreement (Judge Group Inc)

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Basic Compensation. As compensation for the Executive's services hereunder, once full-time duty commences the Company shall pay to the Executive an annual salary of $330,000 300,000 (as adjusted, "Basic Compensation"), payable in bi-weekly or monthly installments. The Basic Compensation may As a consultant pending full-time duty the Executive shall be increased in the discretion of the Boardpaid $1,000 per day.

Appears in 1 contract

Samples: Employment Agreement (Dov Pharmaceutical Inc)

Basic Compensation. As compensation for the Executive's services hereunder, the Company shall pay to Executive a salary at the Executive an annual salary rate of $330,000 520,000 (as adjusted, the "Basic CompensationBase Salary"), payable in bi-weekly or monthly installments. The Basic Compensation may be increased installments in accordance with Company's regular payroll practices in effect from time to time for the discretion first year during the term of Executive's employment, and for each subsequent year a salary at such higher annual rate as the BoardBoard shall from time to time determine in its sole discretion.

Appears in 1 contract

Samples: Employment Agreement (Judge Group Inc)

Basic Compensation. As compensation for the Executive's services hereunder, the Company shall pay to Executive a salary at the Executive an annual salary rate of $330,000 275,000 (as adjusted, the "Basic CompensationBase Salary"), payable in bi-weekly or monthly installments. The Basic Compensation may be increased in the discretion of the Board.

Appears in 1 contract

Samples: Employment Agreement (Medi Ject Corp /Mn/)

Basic Compensation. As compensation for the Executive's services hereunder, the Company shall pay to the Executive an annual salary of $330,000 369,000 (as adjusted, "Basic Compensation"), payable in bi-weekly or monthly installments. The Basic Compensation may be increased in the discretion of the Board.

Appears in 1 contract

Samples: Employment Agreement (Dov Pharmaceutical Inc)

Basic Compensation. As compensation for the Executive's services hereunder, the Company shall pay to the Executive an annual salary of $330,000 225,000 (as adjusted, "Basic Compensation"), payable in bi-weekly or monthly installments. The Basic Compensation may be increased in the discretion of the BoardBoard to cover annual cost-of-living increases.

Appears in 1 contract

Samples: Employment Agreement (Dov Pharmaceutical Inc)

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