Increase in Base Salary. For each Employment Year after the current Employment Year (each such year a "Successive Employment Year"), Employee's Base Salary shall be subject to such increase, if any, for each such Successive Employment Year as shall be as determined by the Responsible Officer (subject to the approval of the Chairman of the Board of PCC, and, if applicable, the Compensation Committee of the Board of Directors of PCC).
Increase in Base Salary. 4.2 The Company will review the Base Salary payable to the Executive from time to time during the Initial Term and during the continuance of this Agreement and may, in its sole and absolute discretion, increase the Base Salary depending on the Executive’s performance of the Services and having regard to the financial circumstances of the Company.
Increase in Base Salary. On November 1 of each year during the Employment Term, the Executive’s Base Salary shall be increased by a percentage which shall equal the greater of 3% or the percentage increase in the consumer price index for the New York-Northern New Jersey-Long Island, NY-NJ-CT metropolitan area, as reported by the United States Department of Labor, for the 12-month period ended the immediately preceding October 31.
Increase in Base Salary. The Agreement is hereby amended, effective as of the Amendment Effective Date, by adding the following sentence to the end of Section 3(a): “Effective as of February 25, 2019, Executive’s base salary is increased to four hundred and seventy-five thousand U.S. dollars ($475,000.00) per annum.”
Increase in Base Salary. Immediately following the first fiscal quarter in which the Company shall have achieved revenues in excess of $1,250,000, the Base Salary shall be increased to the rate of $125,000 per annum. Immediately following the first quarter in which the Company shall have achieved revenues in excess of $2,500,000, the Base Salary shall be increased to the rate of $150,000 per annum. Immediately following the first quarter in which the Company shall have achieved revenues in excess of $3,750,000, the Base Salary shall be increased to the rate of $200,000 per annum.
Increase in Base Salary. During the balance of the Term, and for each renewal Term, the Employee shall be entitled to increase in the Consumer Price Index for all Urban Consumers and Urban Wage Earners U.S. City Average issued by the United States Department of Labor Bureau of Labor Statistics, or its successor index ("CPI") over the preceding calendar year.
Increase in Base Salary. Effective as of September 8, 2006 and commencing the first day following the day that the Employee executes this Agreement and returns it to the Company, the Company shall commence to pay to the Employee a salary at an annual rate of $400,000.00, payable in accordance with the Company’s standard payroll policies, and as may be periodically adjusted upward or downward by the Company in its discretion during its periodic review of base salaries (as adjusted, the “Base Salary”).
Increase in Base Salary. The text of Section 4.1 of the Employment Agreement is hereby removed in its entirety and replaced with the following: “As compensation for the performance of services to the Company, the Company shall pay Executive an annual salary of at least Three Hundred Twenty Five Thousand Dollars ($325,000.00) (said amount, together with any periodic increases, referred to as “Salary”). The Salary shall be payable in equal bi-weekly installments, subject only to such payroll and withholding deductions as may be required by law and other deductions applied generally to employees of the Company for employee benefits. The Compensation Committee of the Board shall review Executive’s overall annual compensation at least annually, and Executive’s Salary may be increased by the Compensation Committee of the Board from time to time by an amount that, in the opinion of the Compensation Committee of the Board, is justified by Executive’s performance.”
Increase in Base Salary. Paragraph 4(a) of the Employment Agreement is hereby deleted in its entirety and the following is substituted therefor:
Increase in Base Salary. Section 1.03(a) of the Employment Agreement is hereby amended to provide as follows:
