Common use of Annual Salary Clause in Contracts

Annual Salary. The Company shall pay to the Executive an annual salary at a rate of not less than $184,000 (the "Annual Salary"), prorated for any partial calendar year, subject to increase at the sole discretion of the Board. The Annual Salary shall be payable in accordance with the payroll policies of the Company as from time to time in effect, but in no event less frequently than once each month, less such deductions as shall be required to be withheld by applicable law and regulations.

Appears in 1 contract

Samples: Employment Agreement (Cliffs Drilling Co)

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Annual Salary. The Company shall pay to the Executive an annual salary at a rate of not less than two hundred seventy-five thousand dollars ($184,000 275,000) per year (the "Annual Salary"), prorated for any partial calendar year, subject to increase at the sole discretion of the Board of Directors of the Company (the "Board"). The Annual Salary shall be payable in accordance with the payroll policies of the Company as from time to time in effect, but in no event less frequently than once each month, less such deductions as shall be required to be withheld by applicable law and regulations.

Appears in 1 contract

Samples: Employment Agreement (Di Industries Inc)

Annual Salary. The Company shall pay to the Executive an annual salary at a rate of not less than two hundred sixty thousand dollars ($184,000 260,000) per year (the "Annual Salary"), prorated for any partial calendar year, subject to increase at the sole discretion of the Board. The ; provided, however, that the Annual Salary shall be payable in accordance with increased effective as of January 1 of each year during the payroll policies of the Company as from time to time in effect, but in no event less frequently than once each month, less such deductions as shall be required to be withheld by applicable law and regulations.Term at a

Appears in 1 contract

Samples: Employment Agreement (Eagle Geophysical Inc)

Annual Salary. The Company shall pay to the Executive an annual salary at a rate of not less than Two Hundred Twenty-Seven Thousand and No/100 Dollars ($184,000 227,000.00) per year (the "Annual Salary"), prorated for any partial calendar year, subject to increase at the sole discretion of the Board. The Annual Salary shall be payable in accordance with the payroll policies of the Company as from time to time in effect, but in no event less frequently than once each month, less such deductions as shall be required to be withheld by applicable law and regulations.

Appears in 1 contract

Samples: Employment Agreement (Grey Wolf Inc)

Annual Salary. The Company shall pay to the Executive an annual salary at a rate of not less than one hundred thirty thousand dollars ($184,000 130,000) per year (the "Annual Salary"), prorated for any partial calendar year, subject to increase at the sole discretion of the Board of Directors of the Company (the "Board"). The Annual Salary shall be payable in accordance with the payroll policies of the Company as from time to time in effect, but in no event less frequently than once each month, less such deductions as shall be required to be withheld by applicable law and regulations.

Appears in 1 contract

Samples: Employment Agreement (Di Industries Inc)

Annual Salary. The Company shall pay to the Executive an annual salary at a rate of not less than two hundred twenty thousand dollars ($184,000 220,000.00) per year (the "Annual Salary"), prorated for any partial calendar year, subject to increase at the sole discretion of the Board. The Annual Salary shall be payable in accordance with the payroll policies of the Company as from time to time in effect, but in no event less frequently than once each month, less such deductions as shall be required to be withheld by applicable law and regulations.

Appears in 1 contract

Samples: Employment Agreement (Grey Wolf Inc)

Annual Salary. The Company shall pay to the Executive an annual salary at a rate of not less than $184,000 one hundred fifty thousand dollars (150,000) per year (the "Annual Salary"), prorated for any partial calendar year, subject to increase at the sole discretion of the Board of Directors of the Company (the "Board"). The Annual Salary shall be payable in accordance with the payroll policies of the Company as from time to time in effect, but in no event less frequently than once each month, less such deductions as shall be required to be withheld by applicable law and regulations.

Appears in 1 contract

Samples: Employment Agreement (Di Industries Inc)

Annual Salary. The Company shall pay to the Executive an annual salary at a rate of not less than two hundred sixty thousand dollars ($184,000 260,000.00) per year (the "Annual Salary"), prorated for any partial calendar year, subject to increase at the sole discretion of the Board. The Annual Salary shall be payable in accordance with the payroll policies of the Company as from time to time in effect, but in no event less frequently than once each month, less such deductions as shall be required to be withheld by applicable law and regulations.

Appears in 1 contract

Samples: Employment Agreement (Grey Wolf Inc)

Annual Salary. The Company shall pay to the Executive an annual salary at a rate of not less than One Hundred Fifty Thousand and No/100 Dollars ($184,000 150,000.00) per year (the "Annual Salary"), prorated for any partial calendar year, subject to increase at the sole discretion of the Board. The Annual Salary shall be payable in accordance with the payroll policies of the Company as from time to time in effect, but in no event less frequently than once each month, less such deductions as shall be required to be withheld by applicable law and regulations.

Appears in 1 contract

Samples: Employment Agreement (Grey Wolf Inc)

Annual Salary. The Company shall pay to the Executive an annual salary at a rate of not less than $184,000 (the "Annual Salary") in the amount of six hundred twenty-six thousand and six hundred fifty-three dollars ($626,553), prorated for any partial calendar year, subject . The Annual Salary may be increased from time to increase time at the sole discretion of the Board. The Annual Salary shall be payable in accordance with the payroll policies of the Company as from time to time in effect, but in no event less frequently than once twice each month, less such deductions as shall be required to be withheld by applicable law and regulations.

Appears in 1 contract

Samples: Employment Agreement (Ivex Packaging Corp /De/)

Annual Salary. The Company shall pay to the Executive an annual salary at a rate of not less than $184,000 200,000 (the "Annual Salary"), prorated for any partial calendar year, subject to increase at the sole discretion of the Board. The Annual Salary shall be payable in accordance with the payroll policies of the Company as from time to time in effect, but in no event less frequently than once each month, less such deductions as shall be required to be withheld by applicable law and regulations.

Appears in 1 contract

Samples: Employment Agreement (Cliffs Drilling Co)

Annual Salary. The Company shall pay to the Executive an annual salary at a rate of not less than one hundred forty thousand dollars ($184,000 140,000) per year (the "Annual Salary"), prorated for any partial calendar year, subject to increase at the sole discretion of the Board. The Annual Salary shall be 2 payable in accordance with the payroll policies of the Company as from time to time in effect, but in no event less frequently than once each month, less such deductions as shall be required to be withheld by applicable law and regulations.

Appears in 1 contract

Samples: Employment Agreement (Eagle Geophyical Inc)

Annual Salary. The Company shall pay to the Executive an annual salary at a rate of not less than Three Hundred Seventy-Five Thousand and No/100 ($184,000 375,000.00) per year (the "Annual Salary"), prorated for any partial calendar year, subject to increase at the sole discretion of the Board. The Annual Salary shall be payable in accordance with the payroll policies of the Company as from time to time in effect, but in no event less frequently than once each month, less such deductions as shall be required to be withheld by applicable law and regulations.

Appears in 1 contract

Samples: Employment Agreement (Grey Wolf Inc)

Annual Salary. The Company shall pay to the Executive an annual salary at a rate of not less than Three Hundred Fifty-Four Thousand Dollars ($184,000 354,000.00) per year (the "Annual Salary"), prorated for any partial calendar year, subject to increase at the sole discretion of the Board. The Annual Salary shall be payable in accordance with the payroll policies of the Company as from time to time in effect, but in no event less frequently than once each month, less such deductions as shall be required to be withheld by applicable law and regulations.

Appears in 1 contract

Samples: Employment Agreement (Grey Wolf Inc)

Annual Salary. The Company shall pay to the Executive an annual salary at a rate of not less than two hundred thousand dollars ($184,000 200,000.00) per year (the "Annual Salary"), prorated for any partial calendar year, subject to increase at the sole discretion of the Board. The Annual Salary shall be payable in accordance with the payroll policies of the Company as from time to time in effect, but in no event less frequently than once each month, less such deductions as shall be required to be withheld by applicable law and regulations.

Appears in 1 contract

Samples: Employment Agreement (Grey Wolf Inc)

Annual Salary. The Company shall pay to the Executive an annual salary at a rate of not less than five hundred twenty-five thousand dollars ($184,000 525,000) per year (the "Annual SalaryANNUAL SALARY"), prorated for any partial calendar year, subject to increase at the sole discretion of the Board. The Annual Salary shall be payable in accordance with the payroll policies of the Company as from time to time in effect, but in no event less frequently than once each month, less such deductions as shall be required to be withheld by applicable law and regulations.

Appears in 1 contract

Samples: Employment Agreement (Global Marine Inc)

Annual Salary. The Company shall will pay to the Executive an annual salary at a rate of not less than five hundred twenty-five thousand dollars ($184,000 525,000) per year (the "Annual Salary"), prorated for any partial calendar year, subject to increase at the sole discretion of the Board. The Annual Salary shall will be payable in accordance with the payroll policies of the Company as from time to time in effect, but in no event less frequently than once each month, less such deductions as shall be required to be withheld by applicable law and regulations.

Appears in 1 contract

Samples: Employment Agreement (Global Marine Inc)

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Annual Salary. The Company shall pay to the Executive an annual salary at a rate of not less than $184,000 (the "Annual Salary"), prorated for any partial calendar ) of not less than $410,000 per year, subject . The Annual Salary may be increased from time to increase time at the sole discretion of the Board. The Annual Salary shall be payable in accordance with the payroll policies of the Company as from time to time in effect, but in no event less frequently than once twice each month, less such deductions as shall be required to be withheld by applicable law and regulations.

Appears in 1 contract

Samples: Employment Agreement (Ivex Packaging Corp /De/)

Annual Salary. The Company shall pay to the Executive an annual salary at a rate of not less than one hundred forty thousand dollars ($184,000 140,000) per year (the "Annual Salary"), prorated for any partial calendar year, subject to increase at the sole discretion of the Board. The Annual Salary shall be payable in accordance with the payroll policies of the Company as from time to time in effect, 51 but in no event less frequently than once each month, less such deductions as shall be required to be withheld by applicable law and regulations.

Appears in 1 contract

Samples: Employment Agreement (Eagle Geophyical Inc)

Annual Salary. The Company shall pay to the Executive an annual salary at a rate of not less than one hundred thirty five thousand dollars ($184,000 135,000) per year (the "Annual Salary"), prorated for any partial calendar year, subject to increase at the sole discretion of the Board of Directors of the Company (the "Board"). The Annual Salary shall be payable in accordance with the payroll policies of the Company as from time to time in effect, but in no event less frequently than once each month, less such deductions as shall be required to be withheld by applicable law and regulations.

Appears in 1 contract

Samples: Employment Agreement (Di Industries Inc)

Annual Salary. The Company shall pay to the Executive an annual salary at a rate of not less than one hundred seventy eight thousand dollars ($184,000 178,000.00) per year (the "Annual Salary"), prorated for any partial calendar year, subject to increase at the sole discretion of the Board. The Annual Salary shall be payable in accordance with the payroll policies of the Company as from time to time in effect, but in no event less frequently than once each month, less such deductions as shall be required to be withheld by applicable law and regulations.

Appears in 1 contract

Samples: Employment Agreement (Grey Wolf Inc)

Annual Salary. The Company shall will pay to the Executive an annual ------------- salary at a rate of not less than six hundred twenty-five thousand dollars ($184,000 625,000) per year (the "Annual Salary"), prorated for any partial calendar year, subject to increase at the sole discretion of the Board. The Annual Salary shall will be payable in accordance with the payroll policies of the Company as from time to time in effect, but in no event less frequently than once each month, less such deductions as shall be required to be withheld by applicable law and regulations.

Appears in 1 contract

Samples: Employment Agreement (Global Marine Inc)

Annual Salary. The Company shall pay to the Executive an annual salary at a rate of not less than one hundred seventy two thousand dollars ($184,000 172,000.00) per year (the "Annual Salary"), prorated for any partial calendar year, subject to increase at the sole discretion of the Board. The Annual Salary shall be payable in accordance with the payroll policies of the Company as from time to time in effect, but in no event less frequently than once each month, less such deductions as shall be required to be withheld by applicable law and regulations.

Appears in 1 contract

Samples: Employment Agreement (Grey Wolf Inc)

Annual Salary. The Company shall pay to the Executive an annual salary at a rate of not less than $184,000 (the "Annual Salary"), prorated for any partial calendar ) of not less than $344,000 per year, subject . The Annual Salary may be increased from time to increase time at the sole discretion of the Board. The Annual Salary shall be payable in accordance with the payroll policies of the Company as from time to time in effect, but in no event less frequently than once twice each month, less such deductions as shall be required to be withheld by applicable law and regulations.

Appears in 1 contract

Samples: Employment Agreement (Ivex Packaging Corp /De/)

Annual Salary. The Company shall pay to the Executive an annual salary at a rate of not less than Six Hundred Fifty-Five Thousand Dollars ($184,000 655,000.00) per year (the "Annual Salary"), prorated for any partial calendar year, subject to increase at the sole discretion of the Board. The Annual Salary shall be payable in accordance with the payroll policies of the Company as from time to time in effect, but in no event less frequently than once each month, less such deductions as shall be required to be withheld by applicable law and regulations.

Appears in 1 contract

Samples: Employment Agreement (Grey Wolf Inc)

Annual Salary. The Company shall pay to the Executive an annual salary at a rate of not less than one hundred forty thousand dollars ($184,000 140,000) per year (the "Annual Salary"), prorated for any partial calendar year, subject to increase at the sole discretion of the Board of Directors of the Company (the "Board"). The Annual Salary shall be payable in accordance with the payroll policies of the Company as from time to time in effect, but in no event less frequently than once each month, less such deductions as shall be required to be withheld by applicable law and regulations.

Appears in 1 contract

Samples: Employment Agreement (Di Industries Inc)

Annual Salary. The Company shall pay to the Executive an annual salary at a rate of not less than one hundred fifty thousand dollars ($184,000 150,000) per year (the "Annual Salary"), prorated for any partial calendar year, subject to increase at the sole discretion of the Board. The 2 Annual Salary shall be payable in accordance with the payroll policies of the Company as from time to time in effect, but in no event less frequently than once each month, less such deductions as shall be required to be withheld by applicable law and regulations.

Appears in 1 contract

Samples: Employment Agreement (Eagle Geophyical Inc)

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