Common use of Base Compensation Clause in Contracts

Base Compensation. As compensation for his services to be rendered hereunder, the Company shall pay to Executive a base salary at the rate of $600,000 per annum (the “Base Salary”), which shall be payable in periodic installments in accordance with the standard payroll practices of the Company in effect from time to time. During the Term, Executive’s Base Salary shall be reviewed at least annually by the Company and may be increased (but not decreased) from time to time as shall be determined in the sole discretion of the Company.

Appears in 3 contracts

Samples: Employment Agreement (Jersey Partners Inc.), Employment Agreement (Jersey Partners Inc.), Employment Agreement (GFI Group Inc.)

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Base Compensation. As compensation for his services to The Executive shall be rendered hereunder, the Company shall pay to Executive a paid an aggregate base salary (the "Base Salary") at the rate of $600,000 125,000 per annum (the “annum, less statutory deductions and withholdings. The Base Salary”), which Salary shall be payable in periodic installments in accordance a manner consistent with the standard normal payroll practices of the Company as in effect from time to time. During the Term, Executive’s The Base Salary shall be reviewed at least annually by the Company and may be increased (but not decreased) from time to time as shall be determined in the sole discretion Compensation Committee of the CompanyBoard (the "Committee").

Appears in 3 contracts

Samples: Employment Agreement (Headwaters Inc), Employment Agreement (Headwaters Inc), Employment Agreement (Isg Resources Inc)

Base Compensation. As compensation for his services to be rendered hereunderDuring the Employment Period, the Company shall pay to the Executive a base salary at the rate of $600,000 per annum (the “Base Salary”), which ) at the rate of no less than $410,251 per year. The Base Salary shall be payable reviewed for increase by the Company no less frequently than annually and shall be increased in periodic the discretion of the Company and any such adjusted Base Salary shall constitute “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the standard Company’s regular payroll practices of the Company in effect from time to time. During the Term, Executive’s Base Salary shall be reviewed at least annually by the Company and may be increased (but not decreased) from time to time as shall be determined in the sole discretion of the Companyprocedures.

Appears in 3 contracts

Samples: Employment Agreement (Biomet Leasing, Inc.), Employment Agreement (Biomet Inc), Employment Agreement (Implant Innovations Holdings, LLC)

Base Compensation. As compensation for his services to be rendered hereunder, the The Company shall pay to the Executive a base salary at the rate of $600,000 per annum ----------------- (the “"Base Salary”)") of One Hundred Thirty Thousand and 00/100 Dollars ($130,000.00) per annum, which subject to applicable withholdings. Base Salary shall be payable in periodic installments in accordance with according to the standard customary payroll practices of the Company but in effect from time to timeno event less frequently than once each month. During the Term, Executive’s The Base Salary shall be reviewed at least annually and shall be subject to increase according to the policies and practices adopted by the Company and may be increased (but not decreased) Board of Directors from time to time as time; provided, however, that in no event shall the Base Salary be determined in the sole discretion of the Companydecreased.

Appears in 2 contracts

Samples: Employment Agreement (Master Graphics Inc), Employment Agreement (Master Graphics Inc)

Base Compensation. As compensation for his services to be rendered hereunderDuring the Employment Period, the Company shall pay to the Executive a base salary at the rate of $600,000 per annum (the “Base Salary”), which ) at the rate of no less than $650,000 per year. The Base Salary shall be payable reviewed for increase by the Company no less frequently than annually and shall be increased in periodic the discretion of the Company and any such adjusted Base Salary shall constitute “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the standard Company’s regular payroll practices of the Company in effect from time to time. During the Term, Executive’s Base Salary shall be reviewed at least annually by the Company and may be increased (but not decreased) from time to time as shall be determined in the sole discretion of the Companyprocedures.

Appears in 2 contracts

Samples: Employment Agreement (Biomet Inc), Employment Agreement (Biomet Inc)

Base Compensation. As compensation for his services to be rendered hereunder, the The Company shall pay to the Executive a base salary at the rate ("Base Salary") of $600,000 234,000 per annum (the “annum, subject to applicable withholdings. Base Salary”), which Salary shall be payable in periodic installments in accordance with according to the standard customary payroll practices of the Company but in effect from time to timeno event less frequently than once each month. During the Term, Executive’s The Base Salary shall be reviewed at least annually and shall be subject to increase according to the policies and practices adopted by the Company and may be increased (but not decreased) Board of Directors from time to time as shall be determined in the sole discretion of the Companytime.

Appears in 2 contracts

Samples: Employment Agreement (Response Oncology Inc), Employment Agreement (Response Oncology Inc)

Base Compensation. As compensation for his services to be rendered hereunder, the Company shall pay to Executive a base salary at the rate of $600,000 265,000 per annum until March 1, 2007 and thereafter at the rate of $300,000 per annum (as applicable, the “Base Salary”), which shall be payable in periodic installments in accordance with the standard payroll practices of the Company in effect from time to time. During the Term, Executive’s Base Salary shall be reviewed at least annually by the Company and may be increased (but not decreased) from time to time as shall be determined in the sole discretion of by the Company.

Appears in 2 contracts

Samples: Employment Agreement (GFI Group Inc.), Employment Agreement (GFI Group Inc.)

Base Compensation. As compensation for his services to be rendered hereunderDuring the Term, the Company shall pay to Executive a an annual base salary at the rate of $600,000 per annum (the “Base Salary”) of Three Hundred Seventy-Five Thousand Dollars ($375,000), which shall be payable in periodic regular installments in accordance with the standard payroll practices of the Company in effect from time to timeCompany’s usual payment practices. During the Term, Executive’s The Base Salary shall be reviewed at least annually by the Company and may be increased Board of Directors’ Compensation Committee (but not decreasedthe “Compensation Committee”) from time to time as shall be determined in during the sole discretion of the CompanyTerm.

Appears in 2 contracts

Samples: Executive Employment Agreement (Avid Technology Inc), Executive Employment Agreement (Avid Technology, Inc.)

Base Compensation. As compensation for his services to be rendered hereunder, the The Company shall pay to Executive a base salary at (the rate "Base Salary") of $600,000 300,000 per annum (the “Base Salary”)annum, which shall be payable in periodic regular installments in accordance with the standard payroll practices of the Company in effect from time to timeCompany's usual payment practices. During the Term, Executive’s The Base Salary shall be reviewed at least annually by the Company Board of Director's Compensation Committee during the term of this Agreement and may be increased (but not decreased) from time to time as shall be determined in adjusted accordingly at the sole discretion of the CompanyCompensation Committee.

Appears in 2 contracts

Samples: Executive Employment Agreement (Avid Technology Inc), Executive Employment Agreement (Avid Technology Inc)

Base Compensation. As compensation for his services to be rendered hereunderDuring the Employment Period, the Company shall pay to the Executive a as base salary at the rate of $600,000 per annum (the “Base Salary”), which ) at the rate of no less than $ per year. The Base Salary shall be payable reviewed for increase by the Company no less frequently than annually and shall be increased in periodic the discretion of the Company and any such adjusted Base Salary shall constitute “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the standard Company’s regular payroll practices of the Company in effect from time to time. During the Term, Executive’s Base Salary shall be reviewed at least annually by the Company and may be increased (but not decreased) from time to time as shall be determined in the sole discretion of the Companyprocedures.

Appears in 1 contract

Samples: Employment Agreement (LVB Acquisition, Inc.)

Base Compensation. As compensation for his services to be rendered hereunderDuring the Employment Period, the Company shall pay to the Executive a base salary at the rate of $600,000 per annum (the “Base Salary”), which ) at the rate of no less than $298,710 per year. The Base Salary shall be payable reviewed for increase by the Company no less frequently than annually and shall be increased in periodic the discretion of the Company and any such adjusted Base Salary shall constitute “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the standard Company’s regular payroll practices of the Company in effect from time to time. During the Term, Executive’s Base Salary shall be reviewed at least annually by the Company and may be increased (but not decreased) from time to time as shall be determined in the sole discretion of the Companyprocedures.

Appears in 1 contract

Samples: Employment Agreement (Biomet Inc)

Base Compensation. As compensation for his services to be rendered hereunder, the The Company shall pay to Executive a base salary at (the rate "Base Salary") of $600,000 280,000 per annum (the “Base Salary”)annum, which shall be payable in periodic regular installments in accordance with the standard payroll practices of the Company in effect from time to timeCompany's usual payment practices. During the Term, Executive’s The Base Salary shall be reviewed at least annually by the Company Board of Director's Compensation Committee during the term of this Agreement and may be increased (but not decreased) from time to time as shall be determined in adjusted accordingly at the sole discretion of the CompanyCompensation Committee.

Appears in 1 contract

Samples: Executive Employment Agreement (Avid Technology Inc)

Base Compensation. As compensation for his services to be rendered hereunderDuring the Employment Period, the Company shall pay to the Executive a base salary at the rate of $600,000 per annum (the “Base Salary”), which ) at the rate of no less than $375,024 per year. The Base Salary shall be payable reviewed for increase by the Company no less frequently than annually and shall be increased in periodic the discretion of the Company and any such adjusted Base Salary shall constitute “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the standard Company’s regular payroll practices of the Company in effect from time to time. During the Term, Executive’s Base Salary shall be reviewed at least annually by the Company and may be increased (but not decreased) from time to time as shall be determined in the sole discretion of the Companyprocedures.

Appears in 1 contract

Samples: Employment Agreement (Biomet Inc)

Base Compensation. As compensation for his services to be rendered hereunder, the Company Ascent shall pay to the Executive a base salary ("Base Salary") at the rate of $600,000 150,000 per annum (year during the “Base Salary”), which shall be payable Employment Period with payments made in periodic installments in accordance with the standard payroll practices of the Company Ascent's regular practice for compensating executive personnel, provided that in effect from time to timeno event shall such payments be made less frequently than twice per month. During the Term, Executive’s The Base Salary for the Executive shall be reviewed at least annually each year during the Employment Period commencing the second year of the Employment Period. Any Base Salary increases shall be approved by the Company and may be increased (but not decreased) from time to time as shall be determined Board in the its sole discretion of the Companydiscretion.

Appears in 1 contract

Samples: Employment Agreement (Ascent Entertainment Group Inc)

Base Compensation. As compensation for his services to be rendered hereunder, the The Company shall pay to the Executive a base salary at the rate ("Base Salary") of $600,000 185,000 per annum (the “annum, subject to applicable withholdings. Base Salary”), which Salary shall be payable in periodic installments in accordance with according to the standard customary payroll practices of the Company but in effect from time to timeno event less frequently than once each month. During the Term, Executive’s The Base Salary shall be reviewed at least annually and shall be subject to increase according to the policies and practices adopted by the Company and may be increased (but not decreased) Board of Directors from time to time as shall be determined in the sole discretion of the Companytime.

Appears in 1 contract

Samples: Employment Agreement (Response Oncology Inc)

Base Compensation. As compensation for his services to be rendered hereunderDuring the Term, the Company shall pay to Executive a an annual base salary at the rate of $600,000 per annum (the "Base Salary") of Four Hundred and Twenty Five Thousand Dollars ($425,000), which shall be payable in periodic regular installments in accordance with the standard payroll practices of the Company in effect from time to timeCompany's usual payment practices. During the Term, Executive’s The Base Salary shall be reviewed by the Compensation Committee (the “Compensation Committee”) of the Company’s Board of Directors (“the Board”) at least annually by the Company and may be increased (but not decreased) from time to time as shall be determined in accordingly at the sole discretion of the CompanyCompensation Committee.

Appears in 1 contract

Samples: Executive Employment Agreement (Avid Technology, Inc.)

Base Compensation. As compensation for his services to be rendered hereunderDuring the Employment Period, the Company shall pay to the Executive a as base salary at the rate of $600,000 per annum (the “Base Salary”), which ) at the rate of no less than $310,000 per year. The Base Salary shall be payable reviewed for increase by the Company no less frequently than annually and shall be increased in periodic the discretion of the Company and any such adjusted Base Salary shall constitute “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the standard Company’s regular payroll practices of the Company in effect from time to time. During the Term, Executive’s Base Salary shall be reviewed at least annually by the Company and may be increased (but not decreased) from time to time as shall be determined in the sole discretion of the Companyprocedures.

Appears in 1 contract

Samples: Employment Agreement (Biomet Inc)

Base Compensation. As compensation for his services to be rendered hereunder, the The Company shall pay to the Executive a base salary at the rate ("Base Salary") of $600,000 per annum (the “annum, subject to applicable withholdings. The Base Salary”), which Salary shall be payable in periodic installments in accordance with equal semi-monthly payments according to the standard customary payroll practices of the Company in effect from time to timeCompany. During the Term, Executive’s The Base Salary shall be reviewed at least annually and shall be subject to increase according to the policies and practices adopted by the Company and may be increased (but not decreased) Board of Directors from time to time as shall be determined in the sole discretion of the Companytime.

Appears in 1 contract

Samples: Employment Agreement (Coventry Health Care Inc)

Base Compensation. As compensation for his services to be rendered hereunderDuring the Term, the Company shall pay to the Executive a base salary at the rate of $600,000 252,000 per annum (the “Base Salary”)annum, which shall be payable in periodic equal installments in accordance with the standard payroll Company's normal practices for payment of executives. The Executive's salary shall be reviewed by the Board of Directors of the Company annually on its anniversary date commencing as of May 1998. Any increases in effect from time to time. During the Term, Executive’s Base Salary salary shall be reviewed at least annually by the Company and may be increased (but not decreased) from time to time as shall be determined in the sole discretion of the CompanyBoard of Directors.

Appears in 1 contract

Samples: Employment Agreement (Dataram Corp)

Base Compensation. As compensation for his services to be rendered hereunderDuring the Term, the Company shall pay to Executive a an annual base salary at the rate of $600,000 per annum (the “Base Salary”) of ______________________________Dollars ($______________), which shall be payable in periodic regular installments in accordance with the standard payroll practices of the Company in effect from time to timeCompany’s usual payment practices. During the Term, Executive’s The Base Salary shall be reviewed at least annually by the Company and may be increased Chief Executive Officer (but not decreased) from time to time as shall be determined in or if required by applicable laws, rules or regulations, the sole discretion Compensation Committee of the CompanyBoard (the “Compensation Committee”), during the Term.

Appears in 1 contract

Samples: Executive Employment Agreement (Avid Technology, Inc.)

Base Compensation. As compensation for his services to be rendered hereunder, the The Company shall pay to Executive a base salary at (the rate "Base Salary") of $600,000 290,000 per annum (the “Base Salary”)annum, which shall be payable in periodic regular installments in accordance with the standard payroll practices of the Company in effect from time to timeCompany's usual payment practices. During the Term, Executive’s The Base Salary shall be reviewed at least annually by the Company Board of Director's Compensation Committee during the term of this Agreement and may be increased (but not decreased) from time to time as shall be determined in adjusted accordingly at the sole discretion of the CompanyCompensation Committee.

Appears in 1 contract

Samples: Executive Employment Agreement (Avid Technology Inc)

Base Compensation. As compensation for his services to be rendered hereunderDuring the Employment Period, the Company shall pay to the Executive a as base salary at the rate of $600,000 per annum (the “Base Salary”), which ) at the rate of no less than $290,000 per year. The Base Salary shall be payable reviewed for increase by the Company no less frequently than annually and shall be increased in periodic the discretion of the Company and any such adjusted Base Salary shall constitute “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the standard Company’s regular payroll practices of the Company in effect from time to time. During the Term, Executive’s Base Salary shall be reviewed at least annually by the Company and may be increased (but not decreased) from time to time as shall be determined in the sole discretion of the Companyprocedures.

Appears in 1 contract

Samples: Employment Agreement (Biomet Inc)

Base Compensation. As compensation for his services to be rendered hereunder, the The Company shall pay to the Executive a base salary at the rate ("Base Salary") of $600,000 115,000 per annum (the “annum, subject to applicable withholdings. Base Salary”), which Salary shall be payable in periodic installments in accordance with according to the standard customary payroll practices of the Company but in effect from time to timeno event less frequently than once each month. During the Term, Executive’s The Base Salary shall be reviewed at least annually and shall be subject to increase according to the policies and practices adopted by the Company and may be increased (but not decreased) Board of Directors from time to time as shall be determined in the sole discretion of the Companytime.

Appears in 1 contract

Samples: Employment Agreement (Response Oncology Inc)

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Base Compensation. As compensation for his services to be rendered hereunder, the The Company shall pay to the Executive a base salary at the rate ("Base Salary") of $600,000 226,750 per annum (the “annum, subject to applicable withholdings. Base Salary”), which Salary shall be payable in periodic installments in accordance with according to the standard customary payroll practices of the Company but in effect from time to timeno event less frequently than once each month. During the Term, Executive’s The Base Salary shall be reviewed at least annually and shall be subject to increase according to the policies and practices adopted by the Company and may be increased (but not decreased) Board of Directors from time to time as shall be determined in the sole discretion of the Companytime.

Appears in 1 contract

Samples: Employment Agreement (Response Oncology Inc)

Base Compensation. As compensation for his services to be rendered hereunder, the The Company shall pay to the Executive a base salary at the rate of $600,000 per annum (the “Base Salary”), which shall be payable in periodic installments in accordance with the standard payroll practices ) calculated at an annual rate of the Company in effect from time to time$350,000. During the Term, Executive’s The Base Salary shall be reviewed at least annually by the Company and may be increased (but not decreased) from time to time as shall be determined in the sole discretion of the CompanyBoard during the Employment Term and, as so increased, shall not be decreased and shall constitute “Base Salary” hereunder.

Appears in 1 contract

Samples: Executive Employment Agreement (Lapolla Industries Inc)

Base Compensation. As compensation for his services to be rendered hereunderDuring the Employment Period, the Company shall pay to the Executive a base salary at the rate of $600,000 per annum (the “Base Salary”), which ) at the rate of no less than $800,000 per year. The Base Salary shall be payable reviewed for increase by the Company no less frequently than annually and shall be increased in periodic the discretion of the Company and any such adjusted Base Salary shall constitute “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the standard Company’s regular payroll practices of the Company in effect from time to time. During the Term, Executive’s Base Salary shall be reviewed at least annually by the Company and may be increased (but not decreased) from time to time as shall be determined in the sole discretion of the Companyprocedures.

Appears in 1 contract

Samples: Employment Agreement (Immucor Inc)

Base Compensation. As compensation for his services to be rendered hereunderDuring the Employment Period, the Company shall pay to the Executive a base salary at the rate of $600,000 per annum (the “Base Salary”), which ) at the rate of no less than $275,000 per year. The Base Salary shall be payable reviewed for increase by the Company no less frequently than annually and shall be increased in periodic the discretion of the Company and any such adjusted Base Salary shall constitute “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the standard Company’s regular payroll practices of the Company in effect from time to time. During the Term, Executive’s Base Salary shall be reviewed at least annually by the Company and may be increased (but not decreased) from time to time as shall be determined in the sole discretion of the Companyprocedures.

Appears in 1 contract

Samples: Employment Agreement (LVB Acquisition, Inc.)

Base Compensation. As compensation for his services to be rendered hereunderDuring the Employment Period, the Company shall pay to the Executive a base salary at the rate of $600,000 per annum (the “Base Salary”), which ) at the rate of no less than $390,000 per year. The Base Salary shall be payable reviewed for increase by the Company no less frequently than annually and shall be increased in periodic the discretion of the Company and any such adjusted Base Salary shall constitute “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the standard Company’s regular payroll practices of the Company in effect from time to time. During the Term, Executive’s Base Salary shall be reviewed at least annually by the Company and may be increased (but not decreased) from time to time as shall be determined in the sole discretion of the Companyprocedures.

Appears in 1 contract

Samples: Employment Agreement (Biomet Inc)

Base Compensation. As compensation for his services to be rendered hereunderDuring the Term, the Company shall pay to Executive a an annual base salary at the rate of $600,000 per annum (the “Base Salary”) of Nine Hundred Thousand Dollars ($900,000), which shall be payable in periodic regular installments in accordance with the standard payroll practices of the Company in effect from time to timeCompany’s usual payment practices. During the Term, Executive’s The Base Salary shall be reviewed at least annually by the Company Board of Directors’ Compensation Committee during the Term and may be increased (but not decreased) from time to time as shall be determined in accordingly at the sole discretion of the CompanyCompensation Committee. As of January 1, 2010, Executive’s Base Salary is $936,000.

Appears in 1 contract

Samples: Employment Agreement (Avid Technology, Inc.)

Base Compensation. As compensation for his services to be rendered hereunderDuring the Term, the Company shall pay to Executive a an annual base salary at the rate of $600,000 per annum (the "Base Salary") of Three Hundred Twenty-Five Thousand Dollars ($325,000), which shall be payable in periodic regular installments in accordance with the standard payroll practices of the Company in effect from time to timeCompany's usual payment practices. During the Term, Executive’s The Base Salary shall be reviewed at least annually by the Company and may be increased Chief Executive Officer (but not decreased) from time to time as shall be determined in or if required by applicable laws, rules or regulations, the sole discretion Compensation Committee of the CompanyBoard (the "Compensation Committee"), during the Term.

Appears in 1 contract

Samples: Executive Employment Agreement (Avid Technology, Inc.)

Base Compensation. As compensation for his services to be rendered hereunderDuring the Employment Period, the Company shall pay to the Executive a base salary at the rate of $600,000 per annum (the “Base Salary”), which ) at the rate of no less than $736,396 per year. The Base Salary shall be payable reviewed for increase by the Company no less frequently than annually and shall be increased in periodic the discretion of the Company and any such adjusted Base Salary shall constitute “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the standard Company’s regular payroll practices of the Company in effect from time to time. During the Term, Executive’s Base Salary shall be reviewed at least annually by the Company and may be increased (but not decreased) from time to time as shall be determined in the sole discretion of the Companyprocedures.

Appears in 1 contract

Samples: Employment Agreement (LVB Acquisition, Inc.)

Base Compensation. As compensation for his services to be rendered hereunderDuring the Employment Period, the Company shall pay to the Executive a base salary at the rate of $600,000 per annum (the “Base Salary”), which ) at the rate of no less than $397,722 per year. The Base Salary shall be payable reviewed for increase by the Company no less frequently than annually and shall be increased in periodic the discretion of the Company and any such adjusted Base Salary shall constitute “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the standard Company’s regular payroll practices of the Company in effect from time to time. During the Term, Executive’s Base Salary shall be reviewed at least annually by the Company and may be increased (but not decreased) from time to time as shall be determined in the sole discretion of the Companyprocedures.

Appears in 1 contract

Samples: Employment Agreement (Biomet Inc)

Base Compensation. As compensation for his services to be rendered hereunderCommencing on the Effective Date, the Company Executive shall pay to Executive be paid a base salary (the "Base Salary") at the rate of $600,000 300,000 per annum (annum. The Base Salary shall be reviewed annually by the Board or the Compensation Committee of the Board, and may be increased in their sole discretion. The Base Salary”), which Salary shall be payable in periodic installments in accordance a manner consistent with the standard normal payroll practices of the Company in effect or as established from time to time. During the Term, Executive’s Base Salary shall be reviewed at least annually by the Company and may be increased (but not decreased) from time to time as shall be determined in the sole discretion of the Company.

Appears in 1 contract

Samples: Employment Agreement (National Auto Finance Co Inc)

Base Compensation. As compensation for his services to be rendered hereunder, the Company Ascent shall pay to the Executive a base salary ("Base Salary") at the rate of $600,000 250,000 per annum (year during the “Base Salary”), which shall be payable Employment Period with payments made in periodic installments in accordance with the standard payroll practices of the Company Ascent's regular practice for compensating executive personnel, provided that in effect from time to timeno event shall such payments be made less frequently than twice per month. During the Term, Executive’s The Base Salary for the Executive shall be reviewed at least annually each year during the Employment Period commencing the second year of the Employment Period. Any Base Salary increases shall be approved by the Company and may be increased (but not decreased) from time to time as shall be determined Board in the its sole discretion of the Companydiscretion.

Appears in 1 contract

Samples: Employment Agreement (Ascent Entertainment Group Inc)

Base Compensation. As compensation for his services to The Executive shall be rendered hereunder, the Company shall pay to Executive paid a base salary (the "Base Salary") at the rate of $600,000 140,000 per annum (the “annum, less statutory deductions and withholdings. The Base Salary”), which Salary shall be payable in periodic installments in accordance a manner consistent with the standard normal payroll practices of the Company as in effect from time to time. During the Term, Executive’s The Base Salary shall be reviewed at least annually by the Company and may be increased (but not decreased) from time to time as shall be determined in the sole discretion Compensation Committee of the CompanyBoard (the "Committee").

Appears in 1 contract

Samples: Employment Agreement (Isg Resources Inc)

Base Compensation. As compensation for his services to be rendered hereunderDuring the Employment Period, the Company shall pay to the Executive a base salary at the rate of $600,000 per annum (the “Base Salary”), which ) at the rate of no less than $395,850 per year. The Base Salary shall be payable reviewed for increase by the Company no less frequently than annually and shall be increased in periodic the discretion of the Company and any such adjusted Base Salary shall constitute “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the standard Company’s regular payroll practices of the Company in effect from time to time. During the Term, Executive’s Base Salary shall be reviewed at least annually by the Company and may be increased (but not decreased) from time to time as shall be determined in the sole discretion of the Companyprocedures.

Appears in 1 contract

Samples: Employment Agreement (Biomet Inc)

Base Compensation. As compensation for his services to be rendered hereunderduring the Term, the Company shall pay to the Executive a base salary at the rate of $600,000 per annum (the "Base Salary”), which ") initially equal to $762,000 subject to increase from time to time by the Board. The Board shall review the Executive's annual Base Salary no less frequently than annually to determine whether any such increase should be made. The Base Salary shall be payable in periodic installments in accordance with the standard payroll practices policies of the Company in effect from time to time. During the Term, Executive’s Base Salary shall be reviewed at least annually by the Company and may be increased (but not decreased) as from time to time in effect, less such amounts as shall be determined in the sole discretion of the Companyrequired to be deducted or withheld therefrom by applicable law and regulations.

Appears in 1 contract

Samples: Employment Agreement (Corporate Realty Consultants Inc)

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