Salary; Additional Compensation; Perquisites and Benefits. (a) During your term of employment, the Company will pay you a base salary at an annual rate of not less than Two Hundred Thousand Dollars ($200,000), subject to annual review by the Compensation Committee of the Board of Directors (the "Compensation Committee") and, in the discretion of such Committee, increase from time to time. Such salary shall be paid in installments in accordance with the Company's standard practice, but not less frequently than monthly.
Appears in 2 contracts
Samples: Mobius Management Systems Inc, Mobius Management Systems Inc
Salary; Additional Compensation; Perquisites and Benefits. (a) During your term of employment, the Company will pay you a base salary at an annual rate of not less than Two Hundred and Fifty Thousand Dollars ($200,000250,000), subject to annual review by the Compensation Committee of the Board of Directors (the "Compensation Committee") or an appropriate committee thereof and, in the discretion of such Committeecommittee, increase from time to time. Such salary shall be paid in installments in accordance with the Company's standard practice, but not less frequently than monthly.
Appears in 1 contract
Samples: General Maritime Ship Holdings LTD
Salary; Additional Compensation; Perquisites and Benefits. (a) During your term of employment, the Company will pay you a base salary at an annual rate of not less than Two Three Hundred and Fifty Thousand Dollars ($200,000350,000), subject to annual review by the Compensation Committee of the Board of Directors (the "Compensation Committee") or an appropriate committee thereof and, in the discretion of such Committeecommittee, increase from time to time. Such salary shall be paid in installments in accordance with the Company's standard practice, but not less frequently than monthly.
Appears in 1 contract
Samples: General Maritime Ship Holdings LTD