Minimum Base Salary definition
Minimum Base Salary means salary at an annual rate equal to Executive’s annual rate of salary on the Termination Date.
Minimum Base Salary means the Executive’s annual rate of salary on the Effective Date, payable monthly, increased by ten (10)% per annum compounded annually on each anniversary of the Executive’s most recent raise.
Minimum Base Salary means $267,696. Base Salary shall be payable according to the customary payroll practices of the Company, but in no event shall Base Salary be payable less frequently than once per calendar month. For the avoidance of doubt, $214,157 of the Executive’s annual Base Salary is being paid to the Executive to reflect the Executive’s previous target bonus under the EIP (the “Cash Subject to Clawback”). The Executive agrees that the Cash Subject to Clawback (i) shall be subject to any applicable forfeiture, clawback, recoupment or repayment policies, and/or other policies that may be implemented by the Company or any Affiliate from time to time to the extent applicable to the Executive, and (ii) shall be subject to any clawback, forfeiture, recoupment or similar provisions that may apply under applicable laws, rules or regulations.
Examples of Minimum Base Salary in a sentence
Base Salary shall not be reduced below the Minimum Base Salary without the Executive’s consent.
More Definitions of Minimum Base Salary
Minimum Base Salary means salary at an annual rate equal to Employee’s annual rate of salary on the Termination Date.
Minimum Base Salary means $250,000. Base Salary shall be payable according to the customary payroll practices of the Company, but in no event shall Base Salary be payable less frequently than once per calendar month. For 2026, the Executive’s Base Salary shall include an additional $200,000 which is being paid to the Executive to reflect the previous target bonus under the EIP (the “Cash Subject to Clawback”), for a total salary for 2026 of $450,000 (“Total Salary”). The Executive agrees that the Cash Subject to Clawback (i) shall be subject to any applicable forfeiture, clawback, recoupment or repayment policies, and/or other policies that may be implemented by the Company or any Affiliate from time to time to the extent applicable to the Executive, and (ii) shall be subject to any clawback, forfeiture, recoupment or similar provisions that may apply under applicable laws, rules or regulations.
Minimum Base Salary means the minimum salaries listed in Schedule A for each Job Title.