Common use of Base Salary and Benefits Clause in Contracts

Base Salary and Benefits. (a) During the Employment Period, Executive's base salary shall be $260,000 per annum (the "Base Salary"). The Base Salary shall be subject to adjustment from time to time in accordance with the compensation policies and practices of the Company; however, in no case shall Executive's salary be reduced below $260,000 per annum. The Base Salary shall be payable in regular installments in accordance with the Company's general payroll practices and shall be subject to customary withholding.

Appears in 1 contract

Samples: Employment Agreement (Warner Chilcott PLC)

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Base Salary and Benefits. (a) During the Employment Period, Executive's base salary shall be $260,000 $ 125,000 per annum or such higher rate as the Company may designate from time to time (the "Base Salary"). The Base Salary shall be subject to adjustment from time to time in accordance with the compensation policies and practices of the Company; however, in no case shall Executive's which salary be reduced below $260,000 per annum. The Base Salary shall be payable in regular installments ----------- in accordance with the Company's general payroll practices and shall be subject to customary withholding. In addition, during the Employment Period, Executive shall be entitled to participate in all of the Company's employee benefit programs for which senior executive employees of the Company and its subsidiaries are generally eligible.

Appears in 1 contract

Samples: Employment Agreement (Chirex Inc)

Base Salary and Benefits. (a) During the Employment PeriodPeriod (but beginning on November 1, 1998), Executive's base salary shall be $260,000 150,000 per annum (the "Base Salary"). The Base Salary shall be subject to adjustment from time to time in accordance with the compensation policies and practices of the Company; however, in no case shall Executive's which salary be reduced below $260,000 per annum. The Base Salary shall be payable in regular installments in accordance with the Company's general payroll practices (but at least monthly) and shall be subject to customary required withholding. In addition, during the Employment Period, Executive shall be entitled to participate in all of the Company's employee benefit programs for which senior executive employees of the Company are generally eligible.

Appears in 1 contract

Samples: Employment Agreement (Gerald Stevens Inc/)

Base Salary and Benefits. (a) During the Employment Period, Executive's base salary shall be $260,000 150,000 per annum (the "Base Salary"). The Base Salary shall be subject to adjustment from time to time in accordance with the compensation policies and practices of the Company; however, in no case shall Executive's salary be reduced below $260,000 150,000 per annumannum for a 3.5 day workweek. The Base Salary shall be payable in regular installments in accordance with the Company's general payroll practices and shall be subject to customary withholding.

Appears in 1 contract

Samples: Employment Agreement (Warner Chilcott PLC)

Base Salary and Benefits. (a) During the Employment Period, Executive's base salary shall be $260,000 425,000 per annum during the Employment Period (the "Base Salary"). The Base Salary shall be subject to adjustment from time to time in accordance with the compensation policies and practices of the Company; however, in no case shall Executive's which salary be reduced below $260,000 per annum. The Base Salary shall be payable in regular installments in accordance with the Company's general payroll practices and shall be subject to customary withholding.

Appears in 1 contract

Samples: Employment Agreement (Happy Kids Inc)

Base Salary and Benefits. (a) During the Employment Period, Executive's base salary shall be $260,000 175,000 per annum or such higher rate as the Company may designate from time to time (the "Base Salary"). The Base Salary shall be subject to adjustment from time to time in accordance with the compensation policies and practices of the Company; however, in no case shall Executive's which salary be reduced below $260,000 per annum. The Base Salary shall be payable in regular ----------- installments in accordance with the Company's general payroll practices and shall be subject to customary withholding. During the Employment Period, Executive shall be entitled to participate in all of the Company's employee benefit programs for which senior executive employees of the Company and its subsidiaries are generally eligible.

Appears in 1 contract

Samples: Employment Agreement (Chirex Inc)

Base Salary and Benefits. (a) During the Employment Period, Executive's ’s base salary shall be $260,000 550,000.00 per annum (annum, or such higher amount as determined by the "Base Salary"). The Base Salary shall be subject to adjustment Board in its discretion, as adjusted from time to time in accordance with (the compensation policies and practices of the Company; however“Base Salary”), in no case shall Executive's which salary be reduced below $260,000 per annum. The Base Salary shall be payable by the Company in regular installments in accordance with the Company's general payroll practices and shall be subject to customary withholding.the

Appears in 1 contract

Samples: Executive Employment Agreement (Core Molding Technologies Inc)

Base Salary and Benefits. (a) During the Employment Period, Executive's base salary shall be $260,000 300,000 per annum during the Employment Period (the "Base Salary"). The Base Salary shall be subject to adjustment from time to time in accordance with the compensation policies and practices of the Company; however, in no case shall Executive's which salary be reduced below $260,000 per annum. The Base Salary shall be payable in regular installments in accordance with the Company's general payroll practices and shall be subject to customary withholding.

Appears in 1 contract

Samples: Employment Agreement (Happy Kids Inc)

Base Salary and Benefits. (ai) During the Employment Period, the Executive's base salary shall be $260,000 400,000 per annum or such higher rate as the Board may designate from time to time (the "Base Salary"). The Base Salary shall be subject to adjustment from time to time in accordance with the compensation policies and practices of the Company; however, in no case shall Executive's which salary be reduced below $260,000 per annum. The Base Salary shall be payable in regular installments ----------- in accordance with the Company's general payroll practices and shall be subject to customary withholding.

Appears in 1 contract

Samples: Executive Employment Agreement (Glenoit Asset Corp)

Base Salary and Benefits. (a) During the Employment Period, Executive's ’s base salary shall will be $260,000 195,000 per annum (the "Base Salary"). The Base Salary shall and will be subject to adjustment from time to time in accordance with review for potential increase by the compensation policies and practices of Board on an annual basis (the Company; however“Base Salary”), in no case shall Executive's which salary be reduced below $260,000 per annum. The Base Salary shall will be payable in regular installments in accordance with the Company's ’s general payroll practices and shall will be subject to customary withholding.

Appears in 1 contract

Samples: Employment Agreement (Concerto Software (Japan) Corp)

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Base Salary and Benefits. (a) During the Employment Period, Executive's ’s base salary shall will be $260,000 400,000 per annum (the "Base Salary"). The Base Salary shall and will be subject to adjustment from time to time in accordance with review for potential increase by the compensation policies and practices of Board on an annual basis (the Company; however“Base Salary”), in no case shall Executive's which salary be reduced below $260,000 per annum. The Base Salary shall will be payable in regular installments in accordance with the Company's ’s general payroll practices and shall will be subject to customary withholding.

Appears in 1 contract

Samples: Employment Agreement (Concerto Software (Japan) Corp)

Base Salary and Benefits. (a) During the Employment Period, Executive's base salary shall be $260,000 250,000 per annum year (the "Base Salary"). The Base Salary shall be subject to adjustment from time to time in accordance with the compensation policies and practices of the Company; however, in no case shall Executive's which salary be reduced below $260,000 per annum. The Base Salary shall be payable in regular ----------- installments in accordance with the Company's general payroll practices and shall be subject to customary required withholding. In addition, during the Employment Period, Executive shall be entitled to participate in all of the Company's employee benefit programs for which senior executive employees of the Company and its Subsidiaries are generally eligible.

Appears in 1 contract

Samples: Employment Agreement (Microclock Inc)

Base Salary and Benefits. (a) During the Employment Period, Executive's base salary shall be $260,000 300,000 per annum or such higher rate as the Company may designate from time to time (the "Base Salary"). The Base Salary shall be subject to adjustment from time to time in accordance with the compensation policies and practices of the Company; however, in no case shall Executive's which salary be reduced below $260,000 per annum. The Base Salary shall be payable in regular ----------- installments in accordance with the Company's general payroll practices and shall be subject to customary withholding. In addition, during the Employment Period, Executive shall be entitled to participate in all of the Company's employee benefit programs for which senior executive employees of the Company and its subsidiaries are generally eligible.

Appears in 1 contract

Samples: Employment Agreement (Chirex Inc)

Base Salary and Benefits. (a) During the Employment Period, Executive's base salary shall be $260,000 15,000 per annum month (the "Base Salary"). The Base Salary shall be subject to adjustment from time to time in accordance with the compensation policies and practices of the Company; however, in no case shall Executive's which salary be reduced below $260,000 per annum. The Base Salary shall be payable in regular ----------- installments in accordance with the Company's general payroll practices and shall be subject to customary withholding. In addition, during the Employment Period, Executive shall be entitled to participate in all of the Company's employee health, retirement and disability benefit programs for which employees of the Company and its Subsidiaries are generally eligible.

Appears in 1 contract

Samples: Employment Agreement (FLD Acquisition Corp)

Base Salary and Benefits. (a) During the Employment Period, Executive's base salary shall be $260,000 155,000 per annum or such higher rate as the Company may designate from time to time (the "Base Salary"). The Base Salary shall be subject to adjustment from time to time in accordance with the compensation policies and practices of the Company; however, in no case shall Executive's which salary be reduced below $260,000 per annum. The Base Salary shall be payable in regular installments ----------- in accordance with the Company's general payroll practices and shall be subject to customary withholding. In addition, during the Employment Period, Executive shall be entitled to participate in all of the Company's employee benefit programs for which senior executive employees of the Company and its subsidiaries are generally eligible.

Appears in 1 contract

Samples: Employment Agreement (Chirex Inc)

Base Salary and Benefits. (a) During the Employment Period, Executive's ’s base salary shall be $260,000 450,000 per annum (the "Base Salary"). The Base Salary shall be subject to adjustment from time to time in accordance with the compensation policies and practices of the Company; however, in no case shall Executive's salary be reduced below $260,000 per annum. The which Base Salary shall be payable in regular installments in accordance with the Company's ’s general payroll practices and shall be subject to customary withholdingwithholding and other payroll taxes and obligations. The Base Salary shall be reviewed at least annually by the Board and is subject to adjustment, in the Board’s sole discretion, in connection therewith.

Appears in 1 contract

Samples: Employment Agreement (Aziyo Biologics, Inc.)

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