Common use of Salary Clause in Contracts

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement an initial base salary of $400,000 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 4 contracts

Samples: Executive Employment Agreement (Poseida Therapeutics, Inc.), Executive Employment Agreement (Oncobiologics, Inc.), Executive Employment Agreement (Poseida Therapeutics, Inc.)

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Salary. Executive shall receive for Executive’s services to be rendered under this Agreement an initial base salary of $400,000 240,000 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 3 contracts

Samples: Executive Employment Agreement (Indoor Harvest Corp), Executive Employment Agreement (Indoor Harvest Corp), Executive Employment Agreement (Senseonics Holdings, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement hereunder an initial annualized base salary of $400,000 on an annualized basis450,000, subject to annual review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 3 contracts

Samples: Executive Employment Agreement (Eliem Therapeutics, Inc.), Executive Employment Agreement (Eliem Therapeutics, Inc.), Employment Agreement (Eliem Therapeutics, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement an initial base salary of $400,000 450,000 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 3 contracts

Samples: Executive Employment Agreement (Outlook Therapeutics, Inc.), Executive Employment Agreement (Outlook Therapeutics, Inc.), Executive Employment Agreement (Poseida Therapeutics, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement hereunder an initial annualized base salary of $400,000 on an annualized basis388,125, subject to review annual review, and adjustment adjusted from time to time by the Company in its sole discretion, payable semi-monthly subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 3 contracts

Samples: Release Agreement (Globeimmune Inc), Release Agreement (Globeimmune Inc), Release Agreement (Globeimmune Inc)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement hereunder an initial annualized base salary of $400,000 on an annualized basis[SALARY], subject to review annual review, and adjustment adjusted from time to time by the Company in its sole discretion, payable semi-monthly subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 3 contracts

Samples: Release Agreement (Globeimmune Inc), Release Agreement (Globeimmune Inc), Release Agreement (Globeimmune Inc)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement an initial base salary of $400,000 345,000 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 3 contracts

Samples: Executive Employment Agreement (Rigetti Computing, Inc.), Executive Employment Agreement (Rigetti Computing, Inc.), Executive Employment Agreement (Supernova Partners Acquisition Co II, Ltd.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement an initial base salary of $400,000 390,000 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 3 contracts

Samples: Executive Employment Agreement (Poseida Therapeutics, Inc.), Executive Employment Agreement (Poseida Therapeutics, Inc.), Executive Employment Agreement (Poseida Therapeutics, Inc.)

Salary. Executive shall will receive for Executive’s services to be rendered under this Agreement an initial annualized base salary at the rate of $400,000 on an annualized basis420,000 per year, subject to annual review and adjustment by the Company in its sole discretionthe discretion of the Board, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 2 contracts

Samples: Employment Agreement (Intra-Cellular Therapies, Inc.), Employment Agreement (Intra-Cellular Therapies, Inc.)

Salary. Executive shall will receive for Executive’s services to be rendered under this Agreement an initial annualized base salary at the rate of $400,000 on an annualized basis500,000 per year, subject to annual review and adjustment by the Company in its sole discretionthe discretion of the Board, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 2 contracts

Samples: Employment Agreement (Intra-Cellular Therapies, Inc.), Employment Agreement (Intra-Cellular Therapies, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement an initial base salary of $400,000 180,000.00 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 2 contracts

Samples: Executive Employment Agreement (Indoor Harvest Corp), Executive Employment Agreement (Indoor Harvest Corp)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement an initial base salary of $400,000 348,000 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 2 contracts

Samples: Executive Employment Agreement (Supernova Partners Acquisition Co II, Ltd.), Executive Employment Agreement (Supernova Partners Acquisition Co II, Ltd.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement hereunder an initial annualized base salary of $400,000 on an annualized basis315,000, subject to annual review and adjustment increase by the Company in its sole discretion, and subject to decrease but only pursuant to a salary reduction program applicable generally to the Company’s similarly situated employees, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 2 contracts

Samples: Executive Employment Agreement (Xometry, Inc.), Executive Employment Agreement (Xometry, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement hereunder an initial annualized base salary of $400,000 on an annualized basis440,000, subject to review and adjustment from time to time by the Company Board in its sole discretion, discretion and payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 2 contracts

Samples: Executive Employment Agreement (Cara Therapeutics, Inc.), Executive Employment Agreement (Cara Therapeutics, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement an initial base salary of $400,000 379,000 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 2 contracts

Samples: Executive Employment Agreement (Supernova Partners Acquisition Co II, Ltd.), Executive Employment Agreement (Supernova Partners Acquisition Co II, Ltd.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement an initial base salary of $400,000 425,000 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 2 contracts

Samples: Executive Employment Agreement (Outlook Therapeutics, Inc.), Executive Employment Agreement (Oncobiologics, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement hereunder an initial annualized base salary of $400,000 on an annualized basis600,000, subject to annual review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 2 contracts

Samples: Executive Employment Agreement (Eliem Therapeutics, Inc.), Employment Agreement (Eliem Therapeutics, Inc.)

Salary. Commencing on the Effective Date, Executive shall receive for Executive’s services to be rendered under this Agreement an initial annualized base salary of $400,000 on an annualized basis450,000, subject to review and adjustment by the Company in its sole discretion, and payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 2 contracts

Samples: Employment Agreement (Invea Therapeutics, Inc), Employment Agreement (Invea Therapeutics, Inc)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement hereunder an initial annualized base salary of $400,000 on an annualized basis425,000, subject to annual review and adjustment by the Company Company’s Board of Directors (the “Board”) in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 2 contracts

Samples: Executive Employment Agreement (Instil Bio, Inc.), Executive Employment Agreement (Instil Bio, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement an initial base salary of $400,000 446,000 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 2 contracts

Samples: Executive Employment Agreement (Supernova Partners Acquisition Co II, Ltd.), Executive Employment Agreement (Supernova Partners Acquisition Co II, Ltd.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement hereunder an initial annualized base salary of $400,000 on an annualized basis191,475, subject to review annual review, and adjustment adjusted from time to time by the Company in its sole discretion, payable semi-monthly subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 2 contracts

Samples: Release Agreement (Globeimmune Inc), Release Agreement (Globeimmune Inc)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement hereunder an initial base salary of $400,000 350,000.00 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, and payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Executive Employment Agreement (IronNet, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement an initial base salary of $400,000 255,000 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Executive Employment Agreement (Oncobiologics, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement hereunder an initial base salary of $400,000 $ 332,000.00 on an annualized basis, subject to review and adjustment from time to time by the Company in its sole discretionCompany, and payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Acumen Pharmaceuticals, Inc.)

Salary. Executive shall will receive for Executive’s services to be rendered under this Agreement an initial annualized base salary at the rate of $400,000 on an annualized basis503,000 per year, subject to annual review and adjustment by the Company in its sole discretionthe discretion of the Board, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Intra-Cellular Therapies, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement an initial base salary of $400,000 365,791 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Executive Employment Agreement (Senseonics Holdings, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement hereunder an initial base salary of $400,000 $ 512,000.00 on an annualized basis, subject to review and adjustment from time to time by the Company in its sole discretionBoard, and payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Acumen Pharmaceuticals, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement hereunder an initial base salary of $400,000 $ 299,040.00 on an annualized basis, subject to review and adjustment from time to time by the Company in its sole discretionCompany, and payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Acumen Pharmaceuticals, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement an initial base salary of $400,000 240,000 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”). Notwithstanding the foregoing, the Company and Executive agree that Executive shall forfeit the monthly compensation to be paid to Executive pursuant to this Section 2.1, until the Company and Executive mutually agree.

Appears in 1 contract

Samples: Executive Employment Agreement (Indoor Harvest Corp)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement hereunder an initial base salary of $400,000 463,400.00 on an annualized basis, subject to review and adjustment from time to time by the Company in its sole discretionCompany, and payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).. 2.2

Appears in 1 contract

Samples: Employment Agreement (Acumen Pharmaceuticals, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement hereunder an initial annualized base salary of $400,000 on an annualized basis209,000, subject to review and adjustment from time to time by the Company Board in its sole discretion, discretion and payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Executive Employment Agreement (Cara Therapeutics, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement an initial base salary of $400,000 490,000 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Executive Employment Agreement (Oncobiologics, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement an initial base salary of $400,000 585,000.00 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”); provided, however, during the Part-time Period, Executive’s base salary shall be fifty percent (50%) of the Base Salary or such other proportion as shall be mutually agreed by Executive and the Board.

Appears in 1 contract

Samples: Executive Employment Agreement (Rigetti Computing, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement hereunder an initial annualized base salary of $400,000 on an annualized basis209,000, subject to review and adjustment from time to time by the Board of Directors of the Company (the “Board”) in its sole discretion, discretion and payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Executive Employment Agreement (Cara Therapeutics, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement hereunder an initial annualized base salary of $400,000 on an annualized basis300,000.00, subject to review increase and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”). The Executive shall be eligible for an increase in Base Salary each year during the term of this Agreement, upon annual review by the Compensation Committee of the Board of Directors (the “Compensation Committee”).

Appears in 1 contract

Samples: Employment Agreement (Applied Neurosolutions Inc)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement hereunder an initial annualized base salary of $400,000 on an annualized basis400,000, subject to review and adjustment from time to time by the Board of Directors of the Company (the “Board”) in its sole discretion, discretion and payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”). The Base Salary shall be prorated for any partial year of employment on the basis of a 365-day year.

Appears in 1 contract

Samples: Executive Employment Agreement (Cara Therapeutics, Inc.)

Salary. Executive shall will receive for Executive’s services to be rendered under this Agreement an initial annualized base salary at the rate of $400,000 on an annualized basis340,000 per year, subject to annual review and adjustment by the Company in its sole discretionthe discretion of the Board, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Intra-Cellular Therapies, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement hereunder an initial annualized base salary of $400,000 on an annualized basis680,000, subject to review and adjustment from time to time by the Company Board in its sole discretion, discretion and payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”). The Base Salary shall be prorated for any partial year of employment on the basis of a 365-day year.

Appears in 1 contract

Samples: Executive Employment Agreement (Cara Therapeutics, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement hereunder an initial annualized base salary of $400,000 on an annualized basis450,000, subject to annual review and adjustment by the Company Company’s Board of Directors (the “Board”) in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Executive Employment Agreement (Instil Bio, Inc.)

Salary. Executive shall will receive for Executive’s services to be rendered under this Agreement an initial annualized base salary of $400,000 on an annualized basis, subject to review and adjustment by 200,000 (the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”), subject to annual review and adjustment from time to time by the CEO. The Base Salary will be payable in accordance with Company’s standard payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Zynex Inc)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement an initial a base salary of $400,000 400,000.00 (Four Hundred Thousand Dollars) on an annualized basis, subject to review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Executive Employment Agreement (Senseonics Holdings, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement an initial base salary of $400,000 320,000 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Executive Employment Agreement (Senseonics Holdings, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement hereunder an initial base salary of $400,000 551,200.00 on an annualized basis, subject to review and adjustment from time to time by the Company in its sole discretionBoard, and payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Acumen Pharmaceuticals, Inc.)

Salary. Executive shall will receive for Executive’s services to be rendered under this Agreement hereunder an initial annualized base salary of $400,000 on an annualized basisUS$397,201, subject to review and adjustment from time to time by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Entasis Therapeutics Holdings Inc.)

Salary. Executive shall will receive for Executive’s services to be rendered under this Agreement an initial annualized base salary at the rate of $400,000 on an annualized basis221,400, subject to annual review and adjustment by the Company in its sole discretionthe discretion of the Board, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Intra-Cellular Therapies, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement hereunder an initial base salary of $400,000 415,300.00 on an annualized basis, subject to review and adjustment from time to time by the Company in its sole discretionCompany, and payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Acumen Pharmaceuticals, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement hereunder an initial base salary of $400,000 _330,000.00 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, and payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Executive Employment Agreement (IronNet, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement hereunder an initial base salary of $400,000 $ 260,000.00 on an annualized basis, subject to review and adjustment from time to time by the Company in its sole discretionCompany, and payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Acumen Pharmaceuticals, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement an initial base salary of $400,000 350,000 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, which may be increased from time to time to account for, among other things, cost of living and market rate adjustments for similarly situated executives. The base salary is payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Arrowroot Acquisition Corp.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement hereunder an initial annualized base salary of $400,000 on an annualized basis302,500, subject to review and adjustment from time to time by the Board of Directors of the Company (the “Board”) in its sole discretion, discretion and payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Executive Employment Agreement (Cara Therapeutics, Inc.)

Salary. Executive shall will receive for Executive’s services to be rendered under this Agreement hereunder an initial annualized base salary of $400,000 on an annualized basisUS$311,042, subject to review and adjustment from time to time by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Entasis Therapeutics Holdings Inc.)

Salary. Commencing on the Effective Date, Executive shall receive for Executive’s services to be rendered under this Agreement an initial annualized base salary of $400,000 on an annualized basis425,000, subject to review and adjustment by the Company in its sole discretion, and payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Invea Therapeutics, Inc)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement an initial base salary of $400,000 495,000 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Executive Employment Agreement (Poseida Therapeutics, Inc.)

Salary. Executive shall will receive for Executive’s services to be rendered under this Agreement hereunder an initial annualized base salary of $400,000 on an annualized basisUS$449,946, subject to review and adjustment from time to time by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Entasis Therapeutics Holdings Inc.)

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Salary. Executive shall receive for Executive’s services to be rendered under this Agreement hereunder an initial base salary of $400,000 430,000 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, and payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Executive Employment Agreement (Mind Medicine (MindMed) Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement hereunder an initial base salary of $400,000 342,000.00 on an annualized basis, subject to review and adjustment from time to time by the Company in its sole discretionCompany, and payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Acumen Pharmaceuticals, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement hereunder an initial annualized base salary of $400,000 on an annualized basis575,000, subject to annual review and adjustment by the Company Board in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Executive Employment Agreement (Instil Bio, Inc.)

Salary. Executive shall will receive for Executive’s services to be rendered under this Agreement an initial annualized base salary of $400,000 on an annualized basis, subject to review and adjustment by 325,000 (the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”), subject to annual review and adjustment from time to time by the CEO. The Base Salary will be payable in accordance with Company’s standard payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Zynex Inc)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement an initial base salary of $400,000 334,000 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Executive Employment Agreement (Rigetti Computing, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement hereunder an initial annualized base salary of $400,000 on an annualized basis425,000, subject to review and adjustment from time to time by the Board of Directors of the Company (the “Board”) in its sole discretion, discretion and payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Executive Employment Agreement (Cara Therapeutics, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement an initial base salary of $400,000 600,000 on an annualized basis, subject to review and upwards adjustment by the Company in its sole discretiondiscretion (“Base Salary”); provided, however, that the Company may reduce Executive’s Base Salary in connection with an across-the-board reduction in salaries for similarly situated employees or a temporary reduction for similarly situated employees due to financial exigency. The Base Salary shall be payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”)practices.

Appears in 1 contract

Samples: Executive Employment Agreement (Landos Biopharma, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement an initial base salary of $400,000 300,000 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Executive Employment Agreement (Rigetti Computing, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement hereunder an initial annualized base salary of $400,000 on an annualized basis300,000, subject to annual review and adjustment by the Company in its sole discretion, payable monthly subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Executive Employment Agreement (Rasna Therapeutics Inc.)

Salary. Executive shall receive for Executive’s 's services to be rendered under this Agreement an initial base salary of $400,000 365,000 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s 's standard payroll practices ("Base Salary”).

Appears in 1 contract

Samples: Executive Employment Agreement (Senseonics Holdings, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement an initial base salary of $400,000 600,000 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Executive Employment Agreement (Outlook Therapeutics, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement hereunder an initial base salary of $400,000 435,000.00 on an annualized basis, subject to review and adjustment from time to time by the Company in its sole discretionCompany, and payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).. 2.2

Appears in 1 contract

Samples: Employment Agreement (Acumen Pharmaceuticals, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement an initial annual base salary of $400,000 on an annualized basis1,100,000.00 for each of fiscal year 2023 and fiscal year 2024, subject to review and adjustment increases by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Executive Employment Agreement (Sportsman's Warehouse Holdings, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement an initial base salary of $400,000 575,000 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Executive Employment Agreement (Poseida Therapeutics, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement an initial base salary of $400,000 282,000 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Executive Employment Agreement (Supernova Partners Acquisition Co II, Ltd.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement an initial a base salary of $400,000 495,000.00 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Executive Employment Agreement (Senseonics Holdings, Inc.)

Salary. Executive shall will receive for Executive’s services to be rendered under this Agreement an initial annualized base salary at the rate of $400,000 on an annualized basis425,000 per year, subject to annual review and adjustment by the Company in its sole discretionthe discretion of the Board, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Intra-Cellular Therapies, Inc.)

Salary. Executive shall will receive for Executive’s services to be rendered under this Agreement hereunder an initial annualized base salary of $400,000 on an annualized basisUS$317,200, subject to review and adjustment from time to time by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Entasis Therapeutics Holdings Inc.)

Salary. Executive shall will receive for Executive’s services to be rendered under this Agreement an initial annualized base salary at the rate of $400,000 on an annualized basis216,400 per year, subject to annual review and adjustment by the Company in its sole discretionthe discretion of the Board, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Intra-Cellular Therapies, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement hereunder an initial base salary of $400,000 $ 380,000.00 on an annualized basis, subject to review and adjustment from time to time by the Company in its sole discretionCompany, and payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Acumen Pharmaceuticals, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement an initial base salary of $400,000 475,000 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Executive Employment Agreement (Outlook Therapeutics, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement an initial base salary of $400,000 627,800 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Executive Employment Agreement (Poseida Therapeutics, Inc.)

Salary. Executive shall will receive for Executive’s services to be rendered under this Agreement hereunder an initial annualized base salary of $400,000 on an annualized basisUS$368,000, subject to review and adjustment from time to time by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Entasis Therapeutics Holdings Inc.)

Salary. Executive shall will receive for Executive’s services to be rendered under this Agreement an initial annualized base salary at the rate of $400,000 on an annualized basisper year, subject to annual review and adjustment by the Company in its sole discretionthe discretion of the Board, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Intra-Cellular Therapies, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement an initial base salary of $400,000 240,000 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”). Notwithstanding the foregoing, the Company and Executive agree that Executive shall forfeit the monthly compensation to be paid to Executive pursuant to this Section 2.1, until such time as the Company and Executive mutually agree.

Appears in 1 contract

Samples: Executive Employment Agreement (Indoor Harvest Corp)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement an initial base salary of $400,000 230,000 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Executive Employment Agreement (Oncobiologics, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement hereunder an initial annualized base salary of $400,000 on an annualized basis302,500, subject to review and adjustment from time to time by the Company Board in its sole discretion, discretion and payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Executive Employment Agreement (Cara Therapeutics, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement an initial base salary of $400,000 221,450 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Executive Employment Agreement (Senseonics Holdings, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement hereunder an initial annualized base salary of $400,000 on an annualized basis500,000, subject to increase after review and adjustment by the Company in its sole discretion, and payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”). Executive’s Base Salary will be reviewed annually, and will be subject to potential increase in the discretion of the Board.

Appears in 1 contract

Samples: Executive Employment Agreement (CinCor Pharma, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement an initial base salary of $400,000 350,000 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Executive Employment Agreement (Oncobiologics, Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement hereunder an initial annualized base salary of $400,000 on an annualized basis420,000, subject to review and adjustment from time to time by the Board of Directors of the Company (the “Board”) in its sole discretion, discretion and payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”). The Base Salary shall be prorated for any partial year of employment on the basis of a 365-day year.

Appears in 1 contract

Samples: Executive Employment Agreement (Cara Therapeutics, Inc.)

Salary. Executive shall will receive for Executive’s services to be rendered under this Agreement an initial annualized base salary of one hundred seventy thousand dollars ($400,000 on an annualized basis170,000) (the “Base Salary”), subject to annual review and adjustment from time to time by the Company in its sole discretion, Board. The Base Salary will be payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”)practices.

Appears in 1 contract

Samples: Employment Agreement (Evolving Systems Inc)

Salary. Executive shall will receive for Executive’s services to be rendered under this Agreement hereunder an initial annualized base salary of $400,000 on an annualized basis[amount], subject to review and adjustment from time to time by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Entasis Therapeutics Holdings Inc.)

Salary. Executive shall receive for Executive’s services to be rendered under this Agreement an initial base salary of $400,000 309,000 on an annualized basis, subject to review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Executive Employment Agreement (Supernova Partners Acquisition Co II, Ltd.)

Salary. Executive shall will receive for Executive’s services to be rendered under this Agreement an initial annualized base salary at the rate of $400,000 on an annualized basis221,100, subject to annual review and adjustment by the Company in its sole discretionthe discretion of the Board, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (“Base Salary”).

Appears in 1 contract

Samples: Employment Agreement (Intra-Cellular Therapies, Inc.)

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