Salary Benefits and Bonus Compensation. 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.
Salary Benefits and Bonus Compensation. As compensation for services to be rendered by Employee under this Agreement, the Company shall compensate Employee as follows:
Salary Benefits and Bonus Compensation. During the Employment Term, as full compensation for all services to be performed by Employee pursuant to this Agreement, the Company agrees to pay Employee compensation and provide Employee with benefits as set forth in this Section 3.
Salary Benefits and Bonus Compensation. 3.1 BASE SALARY. Effective July 15, 2008 (the “Effective Date”), as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a “Base Salary” at the rate of Six Hundred Thousand Dollars ($600,000.00) per annum, payable in equal bi-weekly installments in accordance with Employer’s normal payroll practices. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2009 may be increased by the Board upon a recommendation of the Compensation Committee of the Board (the “Compensation Committee”. The Employee’s Base Salary shall be reviewed annually by the Board and the Compensation Committee.
Salary Benefits and Bonus Compensation. 3.1 BASE SALARY. Effective on the date of the Merger, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a “Base Salary” at the rate of $190,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning April 7, 2004 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the “Compensation Committee”), which shall authorize an increase in the Employee’s Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the “Consumer Price Index for All Urban Consumers (CPI-U), All Items Index, for San Jose, CA” published by the U.S. Department of Labor (using January 1, 2003, as the base date for computation prorated for any partial year). The Employee’s Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.
Salary Benefits and Bonus Compensation. 3.1 BASE SALARY. Effective , 200 (the “Effective Date”), as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a “Base Salary” at the rate of Thousand Dollars ($ .00) per annum, payable in equal bi-weekly installments in accordance with Employer’s normal payroll practices. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2009 shall be determined by the Compensation Committee of the Board (the “Compensation Committee”). The Employee’s Base Salary shall be reviewed annually by the Board and the Compensation Committee.
Salary Benefits and Bonus Compensation. 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $214,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Seattle, Washington, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.
Salary Benefits and Bonus Compensation. As compensation and consideration for the performance by Executive of his duties and responsibilities pursuant to this Agreement, Employer agrees to pay, and/or to cause one or more of its subsidiaries to pay, Executive and Executive agrees to accept the following amounts and benefits (all Dollar amounts referred to herein are in United States Dollars):
Salary Benefits and Bonus Compensation. 3.1 As payment for the services to be rendered by Officer as provided in Section 1 and subject to the terms and conditions of Section 2, Corporation agrees to pay to Officer a "Base Salary" at the rate of $112,500 per annum, payable in equal bi-weekly installments pursuant to the possible increase in the Corporation's sole discretion based on performance.
Salary Benefits and Bonus Compensation. 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of US$180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each year will be converted, on January 1 of each year, to Irish Pounds based on the US$/IEP exchange rate existing on that date. The exchange rate on July 1, 2000 is 0.8518 IEP to the Dollar. Therefore, the annualized base salary for the period July 1, 2000 through December 31, 2000, shall be IEP 153,324. It is intended that the base salary will not be adversely affected from year to year due to the exchange rates. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.
