Examples of Annual Base Salary in a sentence
In the event the Executive’s employment with the Company is terminated for any reason, the Company shall pay the Executive (or the Executive’s beneficiary in the event of the Executive’s death) any unpaid Annual Base Salary that has accrued as of the Date of Termination, any unreimbursed expenses due to the Executive in accordance with the Company’s expense reimbursement policy and an amount equal to compensation for accrued but unused sick days and vacation days.
The Executive shall continue to receive the Executive’s Annual Base Salary, annual bonus and all other compensation and perquisites referenced in Section 4 through the Date of Termination.
The Executive shall continue to receive the Executive’s Annual Base Salary until the 90th day following the date of the Notice of Termination.
The Executive’s target bonus for fiscal year 2023 and thereafter (from May 26, 2023) will be 80% of the Executive’s Annual Base Salary, may be pro-rated based on time in position, and may be increased, but not decreased, from time to time.
Such target bonus will be pro-rated for fiscal 2023 based on a target percentage of Annual Base Salary of 65% in effect for fiscal 2023 prior to May 26, 2023.