Common use of Compensation of Executive Clause in Contracts

Compensation of Executive. 3.1 The Company shall pay Executive a base salary of One Hundred Ten Thousand Pounds Sterling (110,000)(the "Base Salary"), payable in accordance with the Company policy. Such salary shall be pro rated for any partial year of employment on the basis of a 365-day fiscal year. Executive will be eligible for bonuses from time to time as determined by the Board.

Appears in 3 contracts

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

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Compensation of Executive. 3.1 The Company shall pay Executive a an initial base salary of One Two Hundred Ten Thousand Pounds Sterling and Four Dollars (110,000)(the $200,004.00) per year (the "Base Salary"), payable in regular periodic payments in accordance with the Company policy. Such salary shall be pro rated prorated for any partial year of employment on the basis of a 365-365 day fiscal year. Executive will be eligible for bonuses from time to time as determined by the Board.

Appears in 2 contracts

Samples: Employment Agreement (Websense Inc), Employment Agreement (Websense Inc)

Compensation of Executive. 3.1 The Company shall will pay Executive a base salary of One Two Hundred Ten Thousand Pounds Sterling Dollars (110,000)(the $200,000) per year ("Base Salary"), payable in regular periodic payments in accordance with the Company policy. Such salary shall will be pro rated prorated for any partial year of employment on the basis of a 365-day fiscal year. Executive will be eligible for bonuses from time to time as determined by the Board.

Appears in 2 contracts

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

Compensation of Executive. 3.1 The Company shall will pay Executive a base salary of One Hundred Ten Thousand Pounds Sterling two hundred, thirty-two thousand, four hundred and fifteen dollars (110,000)(the "$232,415) per year (the “Base Salary"), payable in accordance with the Company policyCompany’s payroll practices as are in effect from time to time. Such salary shall The Base Salary will be pro rated prorated for any partial year of employment on the basis of a 365-day fiscal year. Executive will be eligible for bonuses from time to time as determined by the Board.

Appears in 2 contracts

Samples: Employment Agreement (Lipid Sciences Inc/), Employment Agreement (Lipid Sciences Inc/)

Compensation of Executive. 3.1 The Company shall will pay Executive a base salary of One Hundred Ten Thousand Pounds Sterling two hundred thousand dollars (110,000)(the $200,000.00) per year ("Base Salary"), payable in regular periodic payments in accordance with the Company policy. Such salary shall will be pro rated prorated for any partial year of employment on the basis of a 365-day fiscal year. Executive will be eligible for bonuses from time to time as determined by the Board.

Appears in 2 contracts

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

Compensation of Executive. 3.1 The Company shall pay Executive a an initial base salary of One Hundred Ten Thousand Pounds Sterling $125.000 (110,000)(the hundred and twenty five thousand) per year (the "Base Salary"), payable in regular periodic payments in accordance with the Company policy. Such salary shall be pro rated prorated for any partial year of employment on the basis of a 365-365 day fiscal year. Executive will be eligible for bonuses from time to time as determined by the Board.

Appears in 1 contract

Samples: Employment Agreement (Engenyous Technologies Inc)

Compensation of Executive. 3.1 The Company shall pay Executive a base salary of One Hundred Ten Eighty Thousand Pounds Sterling Dollars (110,000)(the $180,000.00) per year (the "Base Salary"), payable in regular periodic payments in accordance with the Company policy. Such salary shall be pro rated prorated for any partial year of employment on the basis of a 365-day fiscal year. Executive will be eligible for bonuses from time to time as determined by the Board.

Appears in 1 contract

Samples: Employment Agreement (PMR Corp)

Compensation of Executive. 3.1 The Company shall pay Executive a base salary of One Hundred Ten Thousand Pounds Sterling $150,000 per year (110,000)(the the "Base Salary"), payable in semi-monthly payments in accordance with the Company policy. Such salary shall be pro rated prorated for any partial year of employment on the basis of a 365-day fiscal year. Executive will be eligible for bonuses from time to time as determined by the Board.

Appears in 1 contract

Samples: Employment Agreement (Mp3 Com Inc)

Compensation of Executive. 3.1 The Company shall will pay Executive a base salary of One Hundred Ten Forty Thousand Pounds Sterling Dollars (110,000)(the $140,000.00) per year ("Base Salary"), payable in regular periodic payments in accordance with the Company policy. Such salary shall will be pro rated prorated for any partial year of employment on the basis of a 365-day fiscal year. Executive will be eligible for bonuses from time to time as determined by the Board.

Appears in 1 contract

Samples: Employment Agreement (Lipid Sciences Inc/)

Compensation of Executive. 3.1 The Company shall pay Executive a base salary of One Hundred Ten Ninety-Three Thousand Pounds Sterling Dollars (110,000)(the $193,000.00) per year (the "Base Salary"), payable in regular periodic payments in accordance with the Company policy. Such salary shall be pro rated prorated for any partial year of employment on the basis of a 365-day fiscal year. Executive will be eligible for bonuses from time to time as determined by the Board.

Appears in 1 contract

Samples: Employment Agreement (PMR Corp)

Compensation of Executive. 3.1 The Company shall pay Executive a base salary of One Two Hundred Ten Seventy Five Thousand Pounds Sterling Dollars (110,000)(the "$275,000) per year (the “Base Salary"), payable in accordance with the Company policy. Such salary shall be pro rated for any partial year of employment on the basis of a 365-day fiscal year. Executive shall receive a car allowance of Three Thousand Dollars ($3,000) per month. Executive will be eligible for bonuses from time to time as determined by the Board.

Appears in 1 contract

Samples: Employment Agreement (Netsol Technologies Inc)

Compensation of Executive. 3.1 The Company shall pay Executive a base salary of One Two Hundred Ten and Forty Thousand Pounds Sterling Dollars (110,000)(the $240,000.00) per year ("Base Salary"), payable in regular periodic payments in accordance with the Company policy. Such salary shall be pro rated prorated for any partial year of employment on the basis of a 365-day fiscal year. Executive's Base Salary shall be subject to annual review and thereafter Executive will shall be eligible for bonuses entitled to such increase in Base Salary as the Board may determine from time to time as determined by the Boardtime.

Appears in 1 contract

Samples: Employment Agreement (Elitra Pharmaceuticals Inc)

Compensation of Executive. 3.1 The Company shall pay Executive a base salary of One Hundred Ten and Fifty Thousand Pounds Sterling Dollars (110,000)(the $150,000.00) per year ("Base Salary"), payable in regular periodic payments in accordance with the Company policy. Such salary shall be pro rated prorated for any partial year of employment on the basis of a 365-day fiscal year. Executive's Base Salary shall be subject to annual review and thereafter Executive will shall be eligible for bonuses entitled to such increase in Base Salary as the Board may determine from time to time as determined by the Boardtime.

Appears in 1 contract

Samples: Employment Agreement (Elitra Pharmaceuticals Inc)

Compensation of Executive. 3.1 The Company shall pay Executive a an initial base salary of One Hundred Ten Thousand Pounds Sterling $100.000 (110,000)(the hundred thousand) per year (the "Base Salary"), payable in regular periodic payments in accordance with the Company policy. Such salary shall be pro rated prorated for any partial year of employment on the basis of a 365-365 day fiscal year. Executive will be eligible for bonuses from time to time as determined by the Board.

Appears in 1 contract

Samples: Employment Agreement (Engenyous Technologies Inc)

Compensation of Executive. 3.1 The Company shall pay Executive a base salary of One Hundred Ten Eighty-Four Thousand Pounds Sterling Dollars (110,000)(the $84,000) per year (the "Base Salary"), payable in accordance with the Company policy. Such salary shall be pro rated for any partial year of employment on the basis of a 365-day fiscal year. Executive will be eligible for bonuses from time to time as determined by the Board.

Appears in 1 contract

Samples: Employment Agreement (Netsol Technologies Inc)

Compensation of Executive. 3.1 The Company shall will pay Executive a base salary of One Hundred Ten Thousand Pounds Sterling one hundred and eighty thousand dollars (110,000)(the "$180,000) per year (the “Base Salary"), payable in accordance with the Company policyCompany’s payroll practices as are in effect from time to time. Such salary shall The Base Salary will be pro rated prorated for any partial year of employment on the basis of a 365-day fiscal year. Executive will be eligible for bonuses from time to time as determined by the Board.

Appears in 1 contract

Samples: Employment Agreement (Lipid Sciences Inc/)

Compensation of Executive. 3.1 The Company shall pay Executive a base salary of One Hundred Ten Twenty One Thousand Pounds Sterling Dollars (110,000)(the $121,000) per year (the "Base Salary"), payable in accordance with the Company policy. Such salary shall be pro rated for any partial year of employment on the basis of a 365-day fiscal year. Executive's Base Salary will be increased to at least One Hundred Fifty Thousand Dollars ($150,000) per year at the time the Company reaches profitability for a full fiscal year. Executive will be eligible for bonuses from time to time as determined by the Board.

Appears in 1 contract

Samples: Employment Agreement (Netsol Technologies Inc)

Compensation of Executive. 3.1 The So long as Executive is employed by the Company, the Company shall pay Executive a base salary of One Hundred Ten Thousand Pounds Sterling (110,000)(the the "Base Salary")) of three hundred ten thousand one hundred twenty eight dollars ($310,128) per year, payable in regular periodic payments in accordance with the Company policy. Such salary shall be pro rated prorated for any partial year of employment on the basis of a 365-day fiscal year. Executive will be eligible for bonuses from time to time as determined by the Board.

Appears in 1 contract

Samples: Employment Agreement (Genemedicine Inc)

Compensation of Executive. 3.1 The Company shall will pay Executive a base salary of One Hundred Ten Thousand Pounds Sterling Two hundred twenty-five thousand dollars (110,000)(the $225,000) per year ("Base Salary"), payable in regular periodic payments in accordance with the Company policy. Such salary shall will be pro rated prorated for any partial year of employment on the basis of a 365-day fiscal year. Executive will Executive's compensation may be eligible for bonuses changed from time to time as determined by mutual agreement of Executive, the BoardCEO and Board of Directors, but under no circumstance will the annual Base Salary be less than $225,000.

Appears in 1 contract

Samples: Employment Agreement (Nz Corp)

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Compensation of Executive. 3.1 The Company shall will pay Executive a base salary of One Hundred Ten Thousand Pounds Sterling Two hundred, twenty-five thousand dollars (110,000)(the $225,000.00) per year ("Base Salary"), payable in regular periodic payments in accordance with the Company policy. Such salary shall will be pro rated prorated for any partial year of employment on the basis of a 365-day fiscal year. Executive will Executive's compensation may be eligible for bonuses changed from time to time as determined by mutual agreement of Executive, the BoardCEO and Board of Directors, but under no circumstance will the annual Base Salary be less than $225,000.00.

Appears in 1 contract

Samples: Employment Agreement (Lipid Sciences Inc/)

Compensation of Executive. 3.1 The Company shall pay Executive a base salary of One Hundred Ten Seventy Five Thousand Pounds Sterling Dollars (110,000)(the "$175,000) per year (the “Base Salary"), payable in accordance with the Company policy. Such salary shall be pro rated for any partial year of employment on the basis of a 365-day fiscal year. Executive will be eligible for bonuses from time to time as determined by the Board.

Appears in 1 contract

Samples: Employment Agreement (Netsol Technologies Inc)

Compensation of Executive. 3.1 The Company shall pay Executive a base salary of One Hundred Ten and Fifty-five Thousand Pounds Sterling Dollars (110,000)(the $155,000.00) per year ("Base Salary"), payable in regular periodic payments in accordance with the Company policy. Such salary shall be pro rated prorated for any partial year of employment on the basis of a 365-day fiscal year. Executive's Base Salary shall be subject to annual review and thereafter Executive will shall be eligible for bonuses entitled to such increase in Base Salary as the Board may determine from time to time as determined by the Boardtime.

Appears in 1 contract

Samples: Employment Agreement (Elitra Pharmaceuticals Inc)

Compensation of Executive. 3.1 The Company shall pay Executive a base salary of One Hundred Ten Thousand Pounds Sterling Dollars (110,000)(the $110,000) per year (the "Base Salary"), payable in accordance with the Company policy. Such salary shall be pro rated for any partial year of employment on the basis of a 365-day fiscal year. Executive will be eligible for bonuses from time to time as determined by the Board.

Appears in 1 contract

Samples: Employment Agreement (Netsol Technologies Inc)

Compensation of Executive. 3.1 The Company shall pay Executive a base salary of One Hundred Ten Seventy-Five Thousand Pounds Sterling Dollars (110,000)(the "$175,000) per year (the “Base Salary"), payable in accordance with the Company policy. Such salary shall be pro rated for any partial year of employment on the basis of a 365-day fiscal year. Executive will be eligible for bonuses from time to time as determined by and approved by the BoardBoard with an anticipated first year bonus of $10,000 after the conclusion of the first year.

Appears in 1 contract

Samples: Employment Agreement (Netsol Technologies Inc)

Compensation of Executive. 3.1 The Company shall will pay Executive a base salary of One Hundred Ten Thousand Pounds Sterling two hundred ten thousand dollars (110,000)(the $210,000) per year ("Base Salary"), payable in regular periodic payments in accordance with the Company policy. Such salary shall will be pro rated prorated for any partial year of employment on the basis of a 365-day fiscal year. Executive will be eligible for bonuses from time to time as determined by the Board.

Appears in 1 contract

Samples: Employment Agreement (Lipid Sciences Inc/)

Compensation of Executive. 3.1 The Company shall pay Executive a base salary of One Two Hundred Ten Twenty-Five Thousand Pounds Sterling Dollars (110,000)(the $225,000) per year (the "Base Salary"), payable in accordance with the Company policy. Executive shall receive a monthly car allowance of Two Thousand Dollars ($2,000). Such salary shall be pro rated for any partial year of employment on the basis of a 365-day fiscal year. Executive will be eligible for bonuses from time to time as determined by the Board.

Appears in 1 contract

Samples: Employment Agreement (Netsol Technologies Inc)

Compensation of Executive. 3.1 4.1 The Company shall pay Executive a base salary of One Two Hundred Ten and Seventy Thousand Pounds Sterling Dollars (110,000)(the $270,000) per year ("Base Salary"), payable in regular periodic payments in accordance with the Company policy. Such salary shall be pro rated prorated for any partial year of employment on the basis of a 365-day fiscal year. Executive's Base Salary shall be subject to annual review and thereafter Executive will shall be eligible for bonuses entitled to such increase in Base Salary as the Board may determine from time to time as determined by the Boardtime.

Appears in 1 contract

Samples: Employment Agreement (Photon Dynamics Inc)

Compensation of Executive. 3.1 The Company shall will pay Executive a base salary of One Hundred Ten Seventy-Five Thousand Pounds Sterling Dollars (110,000)(the $175,000) per year ("Base Salary"), payable in regular periodic payments in accordance with the Company policy. Such salary shall will be pro rated prorated for any partial year of employment on the basis of a 365-day fiscal year. Executive will be eligible for bonuses from time to time as determined by the Board.

Appears in 1 contract

Samples: Employment Agreement (Nz Corp)

Compensation of Executive. 3.1 The While employed by the Company, the Company shall pay Executive a base salary of One Hundred Ten Thousand Pounds Sterling (110,000)(the the "Base Salary")) of $220,000 per year, less standard deductions and withholdings, payable in regular periodic payments in accordance with the Company policy. Such salary shall be pro rated prorated for any partial year of employment on the basis of a 365-day fiscal year. Executive will be eligible for bonuses shall receive a one-time hiring bonus gross cash payment ("Hiring Bonus") of $20,000 on the first payroll following ninety (90) days from time to time as determined by the BoardEffective Date.

Appears in 1 contract

Samples: Employment Agreement (Corvas International Inc)

Compensation of Executive. 3.1 The Company shall will pay Executive a base salary of One Hundred Ten Eighty-Five Thousand Pounds Sterling Dollars (110,000)(the $185,000) per year ("Base Salary"), payable in regular periodic payments in accordance with the Company policy. Such salary shall will be pro rated prorated for any partial year of employment on the basis of a 365-day fiscal year. Executive will be eligible for bonuses from time to time as determined by the Board.

Appears in 1 contract

Samples: Employment Agreement (Nz Corp)

Compensation of Executive. 3.1 The Company shall pay Executive a base salary of One Hundred Ten Thirty-Two Thousand Pounds Sterling Dollars (110,000)(the $132,000) per year (the "Base Salary"), payable in accordance with the Company policy. Such salary shall be pro rated for any partial year of employment on the basis of a 365-day fiscal year. Executive will be eligible for bonuses from time to time as determined by the Board.

Appears in 1 contract

Samples: Employment Agreement (Netsol Technologies Inc)

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