Common use of Salary and Bonus Clause in Contracts

Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary at the rate of $625,000 per year. Commencing on or before the first anniversary of the Effective Date, the Board shall review the base salary annually and may increase such amount from time to time as it may deem advisable (such salary, as the same may be increased, the "Base Salary"). The Base Salary shall be payable to the Executive in substantially equal installments in accordance with the Company's normal payroll practices.

Appears in 2 contracts

Samples: Employment Agreement (Iasis Healthcare Corp), Employment Agreement (Iasis Healthcare Corp)

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Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary at the rate of Four Hundred Sixty Eight Thousand Dollars ($625,000 468,000.00) per year. Commencing on or before the first anniversary of the Effective Date, the Board shall review the base salary annually and may increase such amount from time to time as it may deem advisable advisable, (such salary, as the same may be increased, the "Base Salary"). The Base Salary shall be payable to the Executive in substantially equal installments in accordance with the Company's normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Biltmore Surgery Center Holdings Inc)

Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary at the rate of $625,000 403,200 per year. Commencing on or before year (the first anniversary of the Effective Date, the Board shall review the base salary annually and may increase such amount from time to time as it may deem advisable (such salary, as the same may be increased, the "Base Salary"). The Base Salary shall be payable to the Executive in substantially equal installments in accordance with the Company's ’s normal payroll practices. The Board will review the Base Salary annually, and may, in its reasonable discretion, adjust the Base Salary upward but not downward.

Appears in 1 contract

Samples: Employment Agreement (Loar Holdings, LLC)

Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary at the rate of $625,000 950,000 per year. Commencing on or before year (the first anniversary of the Effective Date, the Board shall review the base salary annually and may increase such amount from time to time as it may deem advisable (such salary, as the same may be increased, the "Base Salary"). The Base Salary shall be payable to the Executive in substantially equal installments in accordance with the Company's ’s normal payroll practices. The Board will review the Base Salary annually, and may, in its reasonable discretion, adjust the Base Salary upward but not downward.

Appears in 1 contract

Samples: Employment Agreement (Loar Holdings, LLC)

Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary at the rate of $625,000 350,000 per year. Commencing on or before the first anniversary of the Effective Date, the Company Board shall review the base salary annually and may increase such amount from time to time as it may deem advisable (such salary, as the same may be increased, the "Base Salary"). The Base Salary shall be payable to the Executive in substantially equal installments in accordance with the Company's normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Iasis Healthcare Corp)

Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary at the rate of $625,000 500,000 per year. Commencing on or before the first anniversary of the Effective Date, the Compensation Committee of the Company Board (the "Compensation Committee") shall review the base salary annually and may increase (but not decrease) such amount from time to time as it may deem advisable (such salary, as the same may be increased, the "Base Salary"). The Base Salary shall be payable to the Executive in substantially equal installments in accordance with the Company's normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Phycor Inc /Tn/)

Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary Base Salary at the rate of $625,000 250,000.00 per year. Commencing on or before the first anniversary of the Effective Date, the Company Board shall review the base salary Base Salary annually and may increase shall make such amount adjustments from time to time as it may deem advisable (such salary, as the same may be increased, the "Base Salary")advisable. The Base Salary shall be payable to the Executive in substantially equal installments in accordance with the Company's normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Motor Coach Industries International Inc)

Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary at the rate of $625,000 _______ per year. Commencing on or before the first anniversary of the Effective Date, the Company Board shall review the base salary annually and may increase such amount from time to time as it may deem advisable (such salary, as the same may be increased, the "Base Salary"). The Base Salary shall be payable to the Executive in substantially equal installments in accordance with the Company's normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Iasis Healthcare Corp)

Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary at the rate of $625,000 600,000 per year. Commencing on or before the first anniversary of the Effective DateDate and annually thereafter, the Company Board shall review the base salary annually and may increase such amount from time to time as it may deem advisable (such salary, as the same may be increased, the "Base Salary"). In no event shall the Base Salary be decreased during the Term. The Base Salary shall be payable pay able to the Executive in substantially equal installments in accordance with the Company's normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Motor Coach Industries International Inc)

Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary at the rate of $625,000 510,000 per year. Commencing on or before the first anniversary of the Effective Date, the Company Board shall review the base salary annually and may increase such amount from time to time as it may deem advisable (such salary, as the same may be increased, the "Base Salary"). The Base Salary shall be payable to the Executive in substantially equal installments in accordance with the Company's normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Iasis Healthcare Corp)

Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary Base Salary at the rate of $625,000 325,000.00 per year. Commencing on or before the first anniversary of the Effective Date, the Company Board shall review the base salary Base Salary annually and may increase shall make such amount adjustments from time to time as it may deem advisable (such salary, as the same may be increased, the "Base Salary")advisable. The Base Salary shall be payable to the Executive in substantially equal installments in accordance accord-ance with the Company's normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Motor Coach Industries International Inc)

Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary at the rate of $625,000 700,000 per year. Commencing on or before the first anniversary of the Effective Date, the Board shall review the base salary annually and may increase such amount from time to time as it may deem advisable (such salary, as the same may be increased, the "Base Salary"). The Base Salary shall be payable to the Executive in substantially equal installments in accordance with the Company's normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Biltmore Surgery Center Holdings Inc)

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Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary at the rate of Three Hundred Eighty Thousand and No/100 ($625,000 380,000.00) per year. Commencing on or before the first anniversary of the Effective Date, the Company Board shall review the base salary annually and may increase such amount from time to time as it may deem advisable advisable, (such salary, as the same may be increased, the "Base Salary"). The Base Salary shall be payable to the Executive in substantially equal installments in accordance with the Company's normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Iasis Healthcare Corp)

Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary at the rate of $625,000 750,000 per year. Commencing on or before year (the first anniversary of the Effective Date, the Board shall review the base salary annually and may increase such amount from time to time as it may deem advisable (such salary, as the same may be increased, the "Base Salary"). The Base Salary shall be payable to the Executive in substantially equal installments in accordance with the Company's ’s normal payroll practices. The Board will review the Base Salary annually, and may, in its reasonable discretion, adjust the Base Salary upward but not downward.

Appears in 1 contract

Samples: Employment Agreement (Loar Holdings, LLC)

Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary at the rate of Four Hundred Sixty Eight Thousand Dollars ($625,000 468,000.00) per year. Commencing on or before the first anniversary of the Effective Date, the Board shall review the base salary annually and may increase such amount from time to time as it may deem advisable advisable, (such salary, as the same may be increased, the "Base Salary"). The Base Salary shall be payable to the Executive in substantially equal installments in accordance with the Company's ’s normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (IASIS Healthcare LLC)

Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary at the rate of $625,000 449,400 per year. Commencing on or before year (the first anniversary of the Effective Date, the Board shall review the base salary annually and may increase such amount from time to time as it may deem advisable (such salary, as the same may be increased, the "Base Salary"). The Base Salary shall be payable to the Executive in substantially equal installments in accordance with the Company's ’s normal payroll practices. The Board will review the Base Salary annually, and may, in its reasonable discretion, adjust the Base Salary upward but not downward.

Appears in 1 contract

Samples: Employment Agreement (Loar Holdings, LLC)

Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary at the rate of Four Hundred Seventeen Thousand Two Hundred Dollars ($625,000 417,200.00) per year. Commencing on or before the first anniversary of the Effective Date, the Board shall review the base salary annually and may increase such amount from time to time as it may deem advisable advisable, (such salary, as the same may be increased, the "Base Salary"). The Base Salary shall be payable to the Executive in substantially equal installments in accordance with the Company's normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Biltmore Surgery Center Holdings Inc)

Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary at the rate of $625,000 380,000 per year. Commencing on or before the first anniversary of the Effective Date, the Company Board shall review the base salary annually and may increase such amount from time to time as it may deem advisable advisable, (such salary, as the same may be increased, the "Base Salary"). The Base Salary shall be payable to the Executive in substantially equal installments in accordance with the Company's normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Iasis Healthcare Corp)

Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary Base Salary at the rate of $625,000 175,000.00 per year. Commencing on or before the first anniversary of the Effective Date, the Company Board shall review the base salary Base Salary annually and may increase shall make such amount adjustments from time to time as it may deem advisable (such salary, as the same may be increased, the "Base Salary")advisable. The Base Salary shall be payable to the Executive in substantially equal installments in accordance with the Company's normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Motor Coach Industries International Inc)

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