Employment base definition
Examples of Employment base in a sentence
The Company shall pay to the Executive during the Term of Employment base salary at the annual rate of Two Hundred Fifty Thousand Dollars ($250,000); provided that Executive's base salary may be increased at such time as the Company completes an initial public offering, to a level to be negotiated in good faith at that time.
For a commissioned salesperson: during the initial year of Employment, base salary plus quota as the Employer at the date of hire.
The Automatic Conversion will occur on a date (the “Automatic Conversion Date”) selected by the Company that is not less than 20 Trading Days or more than 30 Trading Days after the date (the “Automatic Conversion Notice Date”) on which such Automatic Conversion Notice is mailed to such Holders in the manner herein provided.
With respect to the 2021 calendar year, any annual bonus ultimately payable based on actual performance will be pro-rated such that Executive’s pre-Period of Employment base salary and bonus target will be applied to the bonus calculation for the time period from January 1, 2021 to August 8, 2021.
The Company shall pay to the Executive during the Term of Employment base salary at the annual rate of One Hundred Seventy-Five Thousand Dollars ($175,000); provided that Executive's base salary may be increased at such time as the Board of Directors of the Company deems appropriate.
The Company shall pay to the Employee during the first Contract Year of this Agreement base salary at the annual rate of Seventy-Five Thousand Dollars ($75,000) and thereafter, during the remainder of the Term of Employment, base salary at the annual rate of Two Hundred Thousand Dollars ($200,000); provided that Employee's base salary may be increased at such time as the Board of Directors of the Company deems appropriate.