Basic Remuneration. The Corporation shall pay the Employee a gross Basic Salary, minus applicable deductions and withholdings, in respect of each Year of Employment in the Employment Period, of $180,000 (the “Basic Salary”), payable in equal installments according to the Corporation’s regular payroll practices. The Basic Salary shall, in the sole and absolute discretion of the board of directors of the Corporation, be subject to an increase on the basis of an annual review. The Basic Salary shall be prorated in respect of the First Year of Employment such that the Employee shall be entitled to, and the Corporation shall be required to pay, in respect of the First Year of Employment only that proportion of the Basic Salary that the number of days in the First Year of Employment is to 365.
Basic Remuneration. The Corporation shall pay the Executive a gross annual salary of $130,000 (the “Basic Salary”) payable in periodic equal instalments in accordance with the practices of the Corporation applicable to its other senior executives.
Basic Remuneration. As remuneration for the Executive's services, the Company shall pay to the Executive a Basic Remuneration of HK$75,000 per month payable in arrears on or before the last day of each calendar month (or if that day is not a Business Day, on the next preceding Business Day). The Board shall have complete discretion whether to grant any increase and any increase so granted shall take effect from such date as the Board may specify.
Basic Remuneration. The Corporation shall pay the Executive a gross annual salary (the “Base Salary”) (before applicable statutory deductions and other withholdings) of $120,000. Salary shall be payable in arrears in equal semi-monthly installments. The Executive’s Base Salary shall be reviewed annually by the Board, or any committee thereof administering the Corporation’s executive compensation.
Basic Remuneration. The Corporation will pay the Executive a gross annual salary (the "Basic Salary") as set out in Schedule "A". The Basic Salary will be payable in periodic equal instalments in accordance with the practices of the Corporation applicable to its other senior executives. The Corporation will review the Executive's Basic Salary at least annually, with a view to considering increases, as appropriate.
Basic Remuneration. For his services under this Agreement, the Corporation shall pay the Executive at a gross annual salary rate (the “Salary”) (before deductions and other withholdings) of $300,000. The Salary shall be paid in accordance with the Corporation’s usual payroll practices and in accordance with applicable law.
Basic Remuneration. The Company will pay to the Supervisor remuneration for its services as Supervisor in accordance with the terms of any current agreement contained in letters exchanged between the Company and the Supervisor.
Basic Remuneration. The Corporation shall employ the Executive at an annual salary to be determined periodically by the Board (the "Base Salary"), payable regularly in accordance with the Corporation's practices applicable to other senior executives (less applicable source deductions, if any). The performance of the Executive will be reviewed periodically by the Board, and, at the sole option of the Board, the Base Salary of the Executive may be increased; provided, however, that the Board shall be under no obligation to increase the Base Salary at the time of any such review. The Base Salary shall also be reviewed by the Board periodically for possible increases according to the criteria applied generally by the Board to such potential increases for management personnel and may be increased in such manner at the discretion of the Board. The Base Salary does not include any bonus or incentive payments. The Board may introduce such payments in its discretion. As of the Effective Date, the Base Salary is $150,000 per annum, provided that if, as and when the Parent completes an equity financing for an amount in excess of $10,000,000 (the “Threshold Equity Financing”), the Base Salary shall automatically increase to $180,000 per annum effective retroactive to the first day of the month in which the Threshold Equity Financing is completed.
Basic Remuneration. The Corporation shall pay the Employee a gross salary in respect of each Year of Employment in the Employment Period (before deduction for income taxes and other required deductions, such as C.P.P. and E.I. contributions but excluding the Benefits paid by the Corporation as provided in the TLC Benefit Plan) of $168,000 (the “Basic Salary”) plus a $7,500 annual Car Allowance and a 5% annual Retirement Allowance, payable in equal installments on every second Friday in each month during such year, with a pro-rata adjustment in the Basic Salary in the event that such year begins or terminates on a day other than the second Friday in each month, the first payment to be made January 8, 1999. The Basic Salary shall, in the sole and absolute discretion of the board of directors of the Corporation, be subject to an increase on the basis of an annual review (September 1st). The Basic Salary shall be prorated in respect of the First Year of employment such that the employee shall be entitled and the Corporation shall be required to pay in respect of each such year only that proportion of the Basic Salary that the number of days in the First Year of Employment is to 365.
Basic Remuneration. The Corporation shall pay the Employee a gross salary, minus applicable deductions and withholdings, in respect of each Year of Employment in the Employment Period, of U.S.$350,000.00 (the "Basic Salary"), payable in equal installments according to the Corporation's regular payroll practices. The Basic Salary shall not be decreased with the exception of a reduction in the Employee's Basic Salary of less than ten percent where such reduction is applied to the Basic Salary of all executives in the same class. In the sole and absolute discretion of the board of directors of the Corporation, be subject to an increase on the basis of an annual review. The Basic Salary shall be prorated in respect of the First Year of Employment such that the Employee shall be entitled and the Corporation shall be required to pay in respect of each such year only that proportion of the Basic Salary that the number of days in the First Year of Employment is to 365.
