Examples of Base Salary in a sentence
If such employment is terminated (whether by the Company or Employee) as a result of Employee’s Disability, then the Company shall pay to Employee all salary, amounts due under benefit plans and profit-sharing plans, and reimbursement of business expenses, through the date of termination plus the remaining Base Salary for the Initial Term of this Agreement.
Your Base Salary is payable in accordance with the Company’s regular payroll practices and subject to customary and required withholdings and deductions.
Employee’s employment hereunder shall terminate upon his death, in which event the Company shall pay to such person as the Employee shall designate in a written notice filed with the Company, or if no such person shall have been designated to his estate, all salary, amounts due under benefit plans and profit-sharing plans, vested shares and reimbursement of business expenses though the date of termination plus of the remainder of his Base Salary for the remaining Initial Term of the Agreement.
In the event of a merger or acquisition involving the Company where this Agreement is terminated, the Company shall arrange to pay Employee according to Section VII(D) of this Agreement plus 6-months Base Salary.
Executive’s Base Salary shall be reviewed annually by the Board (or the compensation committee of the Board), pursuant to the Company’s normal compensation and performance review policies for senior level executives, and may be increased but not decreased.