Common use of Compensation of Executive Clause in Contracts

Compensation of Executive. A. As compensation for the services and duties performed and to be performed by Executive as provided in this Agreement, the Company agrees to pay Executive a salary in the amount of ONE HUNDRED EIGHTY THOUSAND DOLLARS ($180,000) per annum (“Base Salary”), less applicable withholding, F.I.C.A., and other lawful deductions, such salary to be payable semi-monthly, in equal installments, in arrears, and otherwise in accordance with the Company’s payroll policies in effect from time to time. The Compensation Committee of the Board will review Executive's compensation annually to consider possible upward adjustments (it being agreed that the base salary shall not be reduced during the Initial Term).

Appears in 2 contracts

Samples: Employment Agreement (HII Technologies, Inc.), Employment Agreement (Shumate Industries Inc)

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Compensation of Executive. A. As compensation for the services and duties performed and to be performed by Executive as provided in this Agreement, the Company agrees to pay Executive a salary in the amount of ONE HUNDRED EIGHTY FIFTY FIVE THOUSAND DOLLARS ($180,000155,000) per annum (“Base Salary”), less applicable withholding, F.I.C.A., and other lawful deductions, such salary to be payable semi-monthly, in equal installments, in arrears, and otherwise in accordance with the Company’s payroll policies in effect from time to time. The Compensation Committee of the Board will review Executive's compensation annually to consider possible upward adjustments (it being agreed that the base salary shall not be reduced during the Initial Term).

Appears in 1 contract

Samples: Employment Agreement (Shumate Industries Inc)

Compensation of Executive. A. As compensation for the services and duties performed and to be performed by Executive as provided in this Agreement, the Company agrees to pay Executive a salary in the amount of ONE HUNDRED EIGHTY THOUSAND DOLLARS ($180,000) per annum ("Base Salary"), less applicable withholding, F.I.C.A., and other lawful deductions, such salary to be payable semi-monthlyevery other Friday, in equal installments, in arrears, and otherwise in accordance with the Company’s 's payroll policies in effect from time to time. The Compensation Committee of the Board will review Executive's compensation at least annually to consider possible upward adjustments (it being agreed that the base salary shall not be reduced during the Initial Term).

Appears in 1 contract

Samples: Employment Agreement (SMG Indium Resources Ltd.)

Compensation of Executive. A. As compensation for the services and duties performed and to be performed by Executive as provided in this Agreement, the Company agrees to pay Executive a salary in the amount of ONE HUNDRED EIGHTY FIVE THOUSAND DOLLARS ($180,000185,000) per annum (“Base Salary”), less applicable withholding, F.I.C.A., and other lawful deductions, such salary to be payable semi-monthly, in equal installments, in arrears, and otherwise in accordance with the Company’s payroll policies in effect from time to time. The Compensation Committee of the Board will review Executive's compensation annually to consider possible upward adjustments (it being agreed that the base salary shall not be reduced during the Initial Term).

Appears in 1 contract

Samples: Employment Agreement (Shumate Industries Inc)

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Compensation of Executive. A. As compensation for the services and duties performed and to be performed by Executive as provided in this Agreement, the Company agrees to pay Executive a salary in the amount of ONE TWO HUNDRED EIGHTY THOUSAND DOLLARS ($180,000200,000) per annum (“Base Salary”), less applicable withholding, F.I.C.A., and other lawful deductions, such salary to be payable semi-monthly, in equal installments, in arrears, and otherwise in accordance with the Company’s payroll policies in effect from time to time. The Compensation Committee of the Board will review Executive's compensation annually to consider possible upward adjustments (it being agreed that the base salary shall not be reduced during the Initial Term).

Appears in 1 contract

Samples: Employment Agreement (HII Technologies, Inc.)

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