Base Salary definition
Examples of Base Salary in a sentence
The amount of such annual base salary from time to time is referred to herein as the "Base Salary." Except as otherwise expressly set forth hereunder, no compensation shall be paid pursuant to this Agreement in respect of any month or portion thereof subsequent to any termination of Employee's employment by the Corporation.
In the event you become reemployed by or engaged to perform services for Company or any Affiliates, during the Base Salary Continuation period, your severance pay and related benefits will end on the effective date of that employment or engagement.
No further amounts or benefits shall be payable except earned but unpaid Base Salary, unreimbursed business expenses, and those benefits that may vest in accordance with the controlling documents for other relevant Company benefit programs, which shall be paid in accordance with the terms of this Agreement and such other Company benefit programs, including the terms governing the time and manner of payment (the “Accrued Benefits”).
In the event that Executive is placed on “garden leave” pursuant to Section IV (D) prior to separation and the period of Base Salary Continuation is less than six months, the Restricted Period shall be six (6) months or the period of Base Salary Continuation, whichever is shorter.
Beginning on the Start Date, the Base Salary shall, with respect to each year during the Term of Employment, be paid over the course of twelve (12) months in increments paid on regular Company paydays, less such sums as law requires Company to deduct or withhold.