Common use of Regular Compensation Clause in Contracts

Regular Compensation. For all services rendered by Executive under this Agreement, Employer shall pay Executive in accordance with the normal payment practices of the Company an annual salary of Two Hundred Thousand Dollars ($200,000), which base annual compensation shall increase by ten (10) percent each year during the second and third years of this Agreement on the anniversary date of the commencement of Executive's employment.

Appears in 2 contracts

Samples: Employment Agreement (Republic First Bancorp Inc), Employment Agreement (Republic First Bancorp Inc)

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Regular Compensation. For all services rendered by Executive under this Agreement, Employer shall pay Executive in accordance with the normal payment practices of the Company Employers an annual base salary of Two Three Hundred Thirty Thousand Dollars ($200,000)330,000) until April 1, 2007, at which time Executive’s base annual compensation salary shall increase by ten (10) percent each year during and shall further increase by (10) percent April 1st of the second and third years of this Agreement on (the anniversary date of the commencement of Executive's employment"Base Salary").

Appears in 1 contract

Samples: Employment Agreement (Republic First Bancorp Inc)

Regular Compensation. For all services rendered by Executive under this Agreement, Employer shall pay Executive in accordance with the normal payment practices of the Company Employer an annual base salary of Two Hundred Fifty Thousand Dollars ($200,000250,000), which base annual compensation salary shall further increase by ten (10) percent each year during on the second and third years annual anniversary dates of this Agreement on (the anniversary date of the commencement of Executive's employment"Base Salary").

Appears in 1 contract

Samples: Employment Agreement (Republic First Bancorp Inc)

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Regular Compensation. For all services rendered by Executive under this Agreement, Employer shall pay Executive in accordance with the normal payment practices of the Company an annual salary of Two Three Hundred and Thirty Thousand Dollars ($200,000330,000), which base annual compensation shall increase by ten (10) percent each year during the second and third years of this Agreement on the anniversary date of the commencement of Executive's employment.

Appears in 1 contract

Samples: Employment Agreement (Republic First Bancorp Inc)

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