Salary Increases. During the period of employment as provided in Paragraph 1(b) hereof, the base salary of the Executive shall be reviewed no less frequently than annually by the Board or the Compensation Committee of the Board to determine whether or not the same should be increased in light of the duties and responsibilities of the Executive and the performance thereof, and if it is determined that an increase is merited, such increase shall be promptly put into effect and the base salary of the Executive as so increased shall constitute the base salary of the Executive for purposes of Paragraph 3(a).
Appears in 12 contracts
Sources: Employment Agreement (Household International Inc), Employment Agreement (Household International Inc), Employment Agreement (Household International Inc)
Salary Increases. During the period of employment as provided in Paragraph Section 1(b) hereof, the base salary of the Executive shall be reviewed no less frequently than annually by the Board or the Compensation Committee of the Board to determine whether or not the same should be increased in light of the duties and responsibilities of the Executive and the performance thereof, and if it is determined that an increase is merited, such increase shall be promptly put into effect and the base salary of the Executive as so increased shall constitute the base salary of the Executive for purposes of Paragraph Section 3(a).
Appears in 8 contracts
Sources: Employment Agreement (Cpi International, Inc.), Employment Agreement (Cpi International, Inc.), Employment Agreement (Cpi International, Inc.)
Salary Increases. During the period of employment as provided in Paragraph 1(b) hereof, the base salary of the Executive shall be reviewed no less frequently than annually by the Board or the Compensation Committee of the Board or the Chief Executive Officer of the Corporation to determine whether or not the same should be increased in light of the duties and responsibilities of the Executive and the performance thereof, and if it is determined that an increase is merited, such increase shall be promptly put into effect and the base salary of the Executive as so increased shall constitute the base salary of the Executive for purposes of Paragraph 3(a).
Appears in 3 contracts
Sources: Employment Agreement (Household International Inc), Employment Agreement (Household International Inc), Employment Agreement (Household International Inc)
Salary Increases. During the period of employment as provided in Paragraph 1(b) hereofTerm, the base salary Base Salary of the Executive shall be reviewed no less frequently than annually by the Board (or the Compensation Committee of the Board an appropriate committee thereof) to determine whether or not the same should be increased in light of the duties and responsibilities of the Executive and the his performance thereof, and if it is determined that an increase is merited, such increase shall be promptly put into effect and the base salary Base Salary of the Executive as so increased shall constitute the base salary Base Salary of the Executive for purposes of Paragraph 3(a).
Appears in 3 contracts
Sources: Employment Agreement (Household International Inc), Employment Agreement (Household International Inc), Employment Agreement (Household International Inc)
Salary Increases. During the period of employment as provided in Paragraph 1(b) hereof, the base salary of the Executive shall be reviewed no less frequently than annually by the Board or the Compensation Committee of the Board to determine whether or not the same should be increased in light of the duties and responsibilities of the Executive and the performance thereof, and if it is determined that an increase is merited, such increase shall be promptly put into effect and the base salary of the Executive as so increased shall constitute the base salary of the Executive for purposes of Paragraph 3(a).
Appears in 2 contracts
Sources: Employment Agreement (Wallace Computer Services Inc), Employment Agreement (Wallace Computer Services Inc)
Salary Increases. During the period of employment as provided in Paragraph 1(b) hereofTerm, the base salary of the Executive shall be reviewed no less frequently than annually by the Board or the Compensation Committee of the Board to determine whether or not the same should be increased in light of the duties and responsibilities of the Executive and the her performance thereof, and and, if it is determined that an increase is merited, such increase shall be promptly put into effect at the time determined by the Board and the base salary of the Executive as so increased shall thereafter constitute the base salary of the Executive for purposes of Paragraph 3(a)3.
Appears in 2 contracts
Sources: Employment Agreement (Axcelis Technologies Inc), Employment Agreement (Axcelis Technologies Inc)
Salary Increases. During the period of employment as provided in Paragraph 1(b) hereof, the base salary of the Executive shall be reviewed no less frequently than annually by the Board or the Organization and Compensation Committee of the Board (the "O&C Committee") to determine whether or not the same should be increased in light of the duties and responsibilities of the Executive and the performance thereof, and if . If it is determined that an increase is merited, such increase shall be promptly put into effect and the base salary of the Executive as so increased shall constitute the base salary of the Executive for purposes of Paragraph 3(a).increase
Appears in 1 contract
Salary Increases. During the period of employment as provided in Paragraph 1(b) hereofTerm, the base salary Base Salary of the Executive shall be reviewed no less frequently than annually by the Board (or the Compensation Committee of the Board an appropriate committee thereof) to determine whether or not the same should be increased in light of the duties and responsibilities of the Executive and the her performance thereof, and if it is determined that an increase is merited, such increase shall be promptly put into effect and the base salary Base Salary of the Executive as so increased shall constitute the base salary Base Salary of the Executive for purposes of Paragraph 3(a).
Appears in 1 contract
Salary Increases. During the period of employment as provided in ---------------- Paragraph 1(bl(b) hereof, the base salary of the Executive shall be reviewed no less frequently than annually from and after the Effective Date by the Board or the Compensation Committee of the Board to determine whether or not the same should be increased in light of the duties and responsibilities of the Executive and the performance thereof, and and, if it is determined that an increase is merited, such increase shall be promptly put into effect as determined by the Compensation Committee of the Board and the base salary of the Executive as so increased shall constitute the base salary of the Executive for purposes of Paragraph 3(a)3.
Appears in 1 contract
Sources: Employment Agreement (Dqe Inc)
Salary Increases. During the period of employment as provided in Paragraph 1(b) hereof, the The base salary of the Executive shall be reviewed no less frequently than annually by the Board or the Compensation Committee of the Board to determine whether or not the same should be increased in light because of the Executive's performance, his duties and responsibilities responsibilities, salary levels of other chief executive officers of similar companies being higher, an increase in the Executive and the performance thereofcost of living or similar consideration and, and if it is determined that an increase is merited, such increase shall be promptly put into effect and the base salary of the Executive as so increased shall constitute the base salary of the Executive for purposes of Paragraph 3(a)3.
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Salary Increases. During the period of employment as provided in Paragraph 1(b) hereof, the base salary of the Executive shall be reviewed no less frequently than annually by the Board or the Compensation Committee of the Board to determine whether or not the same should be increased in light of the duties and responsibilities of the Executive and the performance thereof, and if it is determined that an increase is merited, such increase shall be promptly put into effect and the base salary of the Executive as so increased shall constitute the base salary of the Executive for purposes of Paragraph 3(a).3
Appears in 1 contract
Salary Increases. During the period of employment as provided in ---------------- Paragraph 1(bl(b) hereof, the base salary of the Executive shall be periodically reviewed no less frequently than annually by the Board or the Compensation Committee of the Board to determine whether or not the same should be increased in light of the duties and responsibilities of the Executive and the performance thereof, and and, if it is determined that an increase is merited, such increase shall be promptly put into effect and the base salary of the Executive as so increased shall constitute the base salary of the Executive for purposes of Paragraph 3(a)3.
Appears in 1 contract
Sources: Employment Agreement (Dqe Inc)
Salary Increases. During the period of employment as provided in Paragraph 1(b) hereof, the base salary of the Executive shall be reviewed no less frequently than annually by the Board or the Compensation Committee of the Board to determine whether or not the same should be increased in light of the duties and responsibilities of the Executive and the performance thereof, and if it is determined that an increase is merited, such increase shall be promptly put into effect and the base salary of the Executive as so increased shall constitute the base salary of the Executive for purposes of Paragraph 3(a).
Appears in 1 contract
Sources: Employment Agreement (SPX Corp)
Salary Increases. During the period of employment as provided in Paragraph 1(b) hereofTerm, the base salary of the Executive shall be reviewed no less frequently than annually by the Board or the Compensation Committee of the Board to determine whether or not the same should be increased in light of the duties and responsibilities of the Executive and the his performance thereof, and and, if it is determined that an increase is merited, such increase shall be promptly put into effect at the time determined appropriate by the Board and the base salary of the Executive as so increased shall thereafter constitute the base salary of the Executive for purposes of Paragraph 3(a)3.
Appears in 1 contract