Common use of Compensation of Employee Clause in Contracts

Compensation of Employee. (a) The Corporation shall pay the Employee as compensation for his services hereunder, in monthly installments during the Term, the sum of $240,000 (the “Annual Base Salary”), less such deductions as shall be required to be withheld by applicable law and regulations and monthly advances against the salary. The Corporation shall review the Base Salary on an annual basis and has the right, but not the obligation, to increase it, but such salary shall not be decreased during the Term.

Appears in 2 contracts

Samples: Employment Agreement (Orbsat Corp), Employment Agreement (Orbsat Corp)

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Compensation of Employee. (a) The Corporation shall pay the Employee as compensation for his services hereunder, in monthly accordance with the Company’s payroll policy, of bi-weekly installments during the Term, the sum of $240,000 250,000 (the “Annual Base Salary”), less such deductions as shall be required to be withheld by applicable law and regulations and monthly advances against the salary. The Corporation shall review the Base Salary on an annual basis and has the right, but not the obligation, to increase it, but such salary shall not be decreased during the Term.

Appears in 2 contracts

Samples: Employment Agreement (Orbsat Corp), Employment Agreement (Orbsat Corp)

Compensation of Employee. (a) The Corporation (and/or a subsidiary of the Corporation) shall pay the Employee as compensation for his services hereunder, in monthly installments during the Term, the equivalent sum of $240,000 350,000 USD (the “Annual Base Salary”), less such deductions as shall be required to be withheld by applicable law and regulations and monthly advances against the salary. The Corporation shall review the Base Salary on an annual basis and has the right, but not the obligation, to increase itincrease, but such salary shall not be decreased during the Term.

Appears in 2 contracts

Samples: Employment Agreement (NextPlat Corp), Employment Agreement (Orbsat Corp)

Compensation of Employee. (a) The Corporation shall pay the Employee as compensation for his services hereunder, in monthly installments during the Term, the sum of $240,000 350,000 (the “Annual Base Salary”), less such deductions as shall be required to be withheld by applicable law and regulations and monthly advances against the salary. The Corporation shall review the Base Salary on an annual basis and has the right, but not the obligation, to increase it, it but such salary shall not be decreased during the Term.

Appears in 1 contract

Samples: Employment Agreement (Orbsat Corp)

Compensation of Employee. (a) The Corporation shall pay the Employee as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $240,000 332,200 per annum (the “Annual Base Salary”), less such deductions as shall be required to be withheld by applicable law and regulations and monthly advances against the salaryregulations. The Corporation shall review the Base Salary on an annual basis and has the right, right but not the obligation, obligation to increase it, but such salary shall not be decreased during has no right to decrease the TermBase Salary.

Appears in 1 contract

Samples: Employment Agreement (Neuro-Hitech, Inc.)

Compensation of Employee. (a) The Corporation shall pay the Employee as compensation for his his/her services hereunder, in monthly installments during the Term, the sum of $240,000 150,000 (the “Annual Base Salary”), less such deductions as shall be required to be withheld by applicable law and regulations and monthly advances against the salary. The Corporation shall review the Base Salary on an annual basis at least annually and has the right, right but not the obligation, obligation to increase it, it but such salary shall not be decreased during the Term.

Appears in 1 contract

Samples: Employment Agreement (Drone Aviation Holding Corp.)

Compensation of Employee. (a) The Corporation shall pay the Employee as compensation for his her services hereunder, in monthly installments during the Term, per the sum of $240,000 following schedule (the “Annual Base Salary”), less such deductions as shall be required to be withheld by applicable law and regulations and monthly advances against the salary. The Corporation shall review the Base Salary on an annual basis and has the right, right but not the obligation, obligation to increase it, but such salary shall not be decreased during the Term.

Appears in 1 contract

Samples: Employment Agreement (Safe Pro Group Inc.)

Compensation of Employee. (a) The Corporation shall pay the Employee as compensation for his services hereunder, in monthly installments during the Term, the sum of $240,000 12,000 (the “Annual Base Salary”), less such deductions as shall be required to be withheld by applicable law and regulations and monthly advances against the salary. The Corporation shall review the Base Salary on an annual basis and has the right, but not the obligation, to increase it, it but such salary shall not be decreased during the Term.

Appears in 1 contract

Samples: Employment Agreement (Orbsat Corp)

Compensation of Employee. (a) The Corporation shall pay the Employee as compensation for his services hereunder, in monthly installments during the Term, the sum of $240,000 1 (the “Annual Base Salary”), less such deductions as shall be required to be withheld by applicable law and regulations and monthly advances against the salary. The Corporation shall review the Base Salary on an annual basis and has the right, right but not the obligation, obligation to increase it, it but such salary shall not be decreased during the Term.

Appears in 1 contract

Samples: Employment Agreement (Drone Aviation Holding Corp.)

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Compensation of Employee. (a) The Corporation shall pay the Employee as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $240,000 250,000 per annum (the “Annual Base Salary”), less such deductions as shall be required to be withheld by applicable law and regulations and monthly advances against the salaryregulations. The Corporation shall review the Base Salary on an annual basis and has the right, right but not the obligation, obligation to increase it, but such salary shall not be decreased during has no right to decrease the TermBase Salary.

Appears in 1 contract

Samples: Employment Agreement (Heavy Metal, Inc.)

Compensation of Employee. (a) The Corporation shall pay the Employee as compensation for his her services hereunder, in monthly installments during the Term, the sum of $240,000 140,000 (the “Annual Base Salary”), less such deductions as shall be required to be withheld by applicable law and regulations and monthly advances against the salary. The Corporation shall review the Base Salary on an annual basis at least annually and has the right, right but not the obligation, obligation to increase it, it but such salary shall not be decreased during the Term.

Appears in 1 contract

Samples: Employment Agreement (Drone Aviation Holding Corp.)

Compensation of Employee. (a) The Corporation shall pay the Employee as compensation for his her services hereunder, in monthly installments during the Term, the sum of $240,000 180,000 (the “Annual Base Salary”), less such deductions as shall be required to be withheld by applicable law and regulations and monthly advances against the salary. The Corporation shall review the Base Salary on an annual basis and has the right, but not the obligation, to increase it, but such salary shall not be decreased during the Term.

Appears in 1 contract

Samples: Employment Agreement (Orbsat Corp)

Compensation of Employee. (a) The Corporation shall pay the Employee as compensation for his services hereunder, in monthly installments during the Term, the sum of $240,000 140,000 (the “Annual Base Salary”), less such deductions as shall be required to be withheld by applicable law and regulations and monthly advances against the salary. The Corporation shall review the Base Salary on an annual basis at least annually and has the right, right but not the obligation, obligation to increase it, it but such salary shall not be decreased during the Term.

Appears in 1 contract

Samples: Employment Agreement (Drone Aviation Holding Corp.)

Compensation of Employee. (a) The Corporation shall pay the Employee as compensation for his his/her services hereunder, in monthly installments during the Term, the sum of $240,000 200,000 per year (the “Annual Base Salary”), less such deductions as shall be required to be withheld by applicable law and regulations and monthly advances against the salary. The Corporation shall review the Base Salary on an annual basis at least annually and has the right, right but not the obligation, obligation to increase it, it but such salary shall not be decreased during the Term.

Appears in 1 contract

Samples: Employment Agreement (Drone Aviation Holding Corp.)

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