Fixed Annual Compensation. The Company shall pay to Employee salary ("Fixed Annual Compensation") at the rate of $125,000 per annum. Fixed Annual Compensation payable to Employee by the Company hereunder shall be paid at such times and in such amounts as the Company may designate in accordance with the Company's usual salary practices, but in no event less than once monthly.
Fixed Annual Compensation. The Company shall pay to Employee salary ("Fixed Annual Compensation") at the rate of $96,000 per annum beginning on February 25th, 2010, and continuing for the term of this agreement, with stated salary for the first year of the Employment Term to be paid as follows: Fixed Annual Compensation payable to Employee by the Company hereunder shall be paid beginning February 25th of each year during the Employment Term and at such times and in such amounts as the Company may designate in accordance with the Company’s usual salary practices, but in no event less than twice monthly.
Fixed Annual Compensation. The Company shall pay to Employee salary ("Fixed Annual Compensation") at the rate beginning on December 27, 2010 and continuing for the term of this agreement as follows:
Fixed Annual Compensation. In consideration for Employee's Services hereunder, the Company shall pay to Employee a salary ("Fixed Annual Compensation") at the rate of $200,000 per year, payable $10,000 on the first day of each calendar month during the Term plus $80,000 from the first bonus declared from the Bonus Pool (defined below) but in no event later than December 3 of each year during the term.
Fixed Annual Compensation. Fixed Annual Compensation of the following amounts during the following periods: January 1, 1996 through December 31, 1996 - $300,000 January 1, 1997 through December 31, 1997 - $320,000 January 1, 1998 through December 31, 1998 - $340,000 January 1, 1999 through December 31, 1999 - $360,000 Employee's Fixed Annual Compensation shall be payable in equal installments on Company's regular pay dates following commencement of the Term.
Fixed Annual Compensation. The Company shall pay to Executive a salary (“Fixed Annual Compensation”) at the annual rate of $350,000 for the first Employment Year of the Term and at the annual rate of $375,000 for the second Employment Year of the Term. Fixed Annual Compensation payable to Executive by the Company hereunder shall be paid at such times and in such amounts as the Company may designate in accordance with the Company’s usual salary practices, but in no event less than once monthly.
Fixed Annual Compensation. In consideration for Employee’s Services hereunder, the Company shall pay to Employee a salary (“Fixed Annual Compensation”) at the rate of $500,000 per year, but no more (at any time payment of Fixed Compensation is due) for any twelve month period during the Term than 20% of the gross proceeds from the sale (“Proceeds”) of the Company’s Series A Preferred Stock (the “Stock Sale Limit”). Any Fixed Annual Compensation in excess of the Stock Sale Limit shall be deferred and paid, if at all, from Proceeds thereafter received or from the Bonus Pool described herein. Fixed Annual Compensation payable to Employee by the Company hereunder shall be paid at such times and in such amounts as the Company may designate in accordance with the Company’s usual salary practices, but in no event less than once monthly. Employee and Employee shall receive no additional compensation as a producer, or incentive producer or in any related capacity on any Picture during the Term.
Fixed Annual Compensation. In consideration for the services provided hereunder, the Company shall pay Consultant an annual payment ("Fixed Annual Compensation") at the rate of Eight Thousand Dollars ($18,000) per annum, payable monthly on the First day of each month at One Thousand Five Hundred ($1,500.00) per month , unless otherwise agreed in writing between the Company and Consultant.
Fixed Annual Compensation. Executive shall receive a fixed annual compensation ("Fixed Annual Compensation") in the amount of Three Hundred Fifty Thousand Dollars ($350,000.00) per annum. Executive's Fixed Annual Compensation shall be payable in equal installments on Company's regular pay dates commencing after the date hereof, subject to any withholding which Company may make for income tax or other purposes as may be required by law or as requested by Executive. The Fixed Annual Compensation will be reviewed by the Board of Directors not less frequently then annually, and may be adjusted in the sole discretion of the Board of Directors, but in no event will the Fixed Annual Compensation be less than Three Hundred Fifty Thousand Dollars ($350,000.00) per year, nor will the Supplemental Compensation (as described in Section 2.2 hereof) be less than Fifty Thousand Dollars ($50,000.00) per year.
Fixed Annual Compensation. Officer shall initially receive Fixed Annual Compensation in the amount of Seventy Five Thousand Dollars ($75,000). Any proposed modifications or adjustments (prospective and/or retroactive) to Fixed Annual Compensation shall be negotiated in good faith between Officer and Company. In the event that Company is financially unable to provide Fixed Annual Compensation through Term, Chief Executive Officer agrees to personally guarantee that Officer continue to receive Fixed Annual Compensation through Term via alternative funding or personal funding. In addition to Fixed Annual Compensation, Officer may also from time to time receive performance bonuses, the frequency, criteria and amounts therefore to be determined at the discretion of Company.
