Base Salary, Bonus and Benefits. (a) During the Employment Period, the Executive's base salary shall be no less than $200,000 per annum or such other rate as the Compensation Committee of the Board (excluding the Executive if he should be a member of the Board or the Compensation Committee at the time of such determination) may designate from time to time (the "Base Salary"), which salary shall be reviewed by the Compensation Committee on an annual basis and payable in such installments as is customary for other senior executives of the Company. In addition, during the Employment Period, the Executive shall be entitled to (i) participate in all employee benefit programs for which other senior executives of the Company are generally eligible, (ii) be eligible to participate in all insurance plans available generally to other senior executives of the Company, and (iii) take 4 weeks of paid vacation annually. In the case of any partial month during the Employment Period, reimbursements, payments and other entitlements pursuant to this Section 2 shall be made or provided to the Executive on a per diem basis.
Base Salary, Bonus and Benefits. (a) During the Employment Period, Executive’s base salary shall be $750,000 per annum or such higher rate as the Employer may determine from time to time based upon annual performance and salary reviews to be conducted during the Employment Period (the “Base Salary”). Executive’s Base Salary shall be payable by the Employer in accordance with its applicable general payroll practices.
Base Salary, Bonus and Benefits. Subject to the terms of this Agreement, in consideration of Executive’s agreements contained herein, during the Employment Period:
Base Salary, Bonus and Benefits. (a) During the Employment Period, the Executive’s base salary shall be $240,000 per annum, or such higher rate as the Board or Compensation Committee of the Board (excluding the Executive if he should be a member of the Board or the Compensation Committee at the time of such determination) may designate from time to time (the “Base Salary”), which salary shall be payable in such installments as is customary for other senior executives of the Company. The Executive shall be entitled to take four (4) weeks of paid vacation annually. The Board or Compensation Committee shall conduct a review of the Executive’s Base Salary on an annual basis. During the Employment Period, the Executive shall also be entitled to participate in the standard benefit plans available to the Company’s employees generally, in accordance with the terms and conditions of such plans as in effect from time to time.
Base Salary, Bonus and Benefits. (a) During the Employment Period, the Executive's base salary shall be $110,000.00 per annum or such other rate as the Compensation Committee of the Board (excluding the Executive if he should be a member of the Board or the Compensation Committee at the time of such determination) may designate from time to time (the "Base Salary"), which salary shall be reviewed by the Compensation Committee on an annual basis and payable in such installments as is customary for other senior executives of the Company. In addition, during the Employment Period, the Executive shall be entitled to (i) participate in all employee benefit programs and published bonus programs for which other senior executives of the Company are generally eligible, (ii) be eligible to participate in all insurance plans available generally to other senior executives of the Company, (iii) to participate in the Company's Non-Qualified Employee Stock Option Plan as amended, revised or terminated from time to time by the Board of Directors, and (iv) take 4 weeks of paid vacation annually. In the case of any partial month during the Employment Period, reimbursements, payments and other entitlements pursuant to this Section 3 shall be made or provided to the Executive on a per diem basis.
Base Salary, Bonus and Benefits. (a) During the first year of the Employment Period, the Executive's base salary shall be no less than $200,000 per annum. (the "BASE SALARY"). During the first year of employment under this Agreement, Executive's Base Salary may be reviewed by the Company's Compensation Committee for upward adjustment. After the first year of employment under this Agreement, Executive's Base Salary shall be reviewed for upward or downward adjustment as determined by the Compensation Committee. Subject to the contents herein Base Salary shall be payable in equal Monthly or Bi-Monthly installments. In addition, during the Employment Period, the Executive shall be entitled to (i) participate in all employee benefit programs and published bonus programs for which other similarly situated executives of Company are generally eligible, (ii) participate in all group insurance plans, including, but not limited to health insurance plans, available generally to other similarly situated executives of Company, and (iii) receive such paid or unpaid leave benefits for which other similarly situated executives of Company are generally eligible, and/or as provided for in section (b) hereinafter.
Base Salary, Bonus and Benefits. (a) Subject to the terms of this Agreement, in consideration of Executive’s agreements contained herein, for the period beginning on the Start Date, Executive’s base salary shall be $190,025 per annum (“Base Salary”), which shall be payable in equal installments during the year in accordance with the Company’s normal payroll schedule and shall be subject to deductions for customary withholdings, including, without limitation, federal and state withholding taxes and social security taxes. The Board shall evaluate the Base Salary annually and make such changes to the Base Salary as it deems are appropriate, but in no event shall the Base Salary be less than $190,025.
Base Salary, Bonus and Benefits. (a) Subject to the terms of this Agreement, in consideration of Executive's agreements contained herein, for the period beginning January 1, 2003, Executive's base salary shall be $725,000 per annum ("Base Salary"), which shall be payable in semi-monthly or other agreed-upon equal installments during the year and shall be subject to deductions for customary withholdings, including, without limitation, federal and state withholding taxes and social security taxes. Executive shall be entitled to the opportunity to earn annual performance bonuses (with a target bonus equal to 67% of base salary) in accordance with the Board-approved annual bonus program. In addition to the Base Salary, Executive shall be entitled, during the Employment Period to participate in all retirement, disability, pension, savings, health, medical, dental, insurance and other fringe benefits or plans of the Company generally available to executive employees.
Base Salary, Bonus and Benefits. (a) During the Employment Period, the Executive's base salary shall be $250,000 per annum or such higher rate as the Compensation Committee of the Board (excluding the Executive if he should be a member of the Board or the Compensation Committee at the time of such determination) may designate from time to time (the "Base Salary"), which salary shall be reviewed by the Compensation Committee on an annual basis and payable in such installments as is customary for other senior executives of the Company. In addition, during the Employment Period, the Executive shall be entitled to (i) participate in all employee benefit programs for which other senior executives of the Company are generally eligible, (ii) be eligible to participate in all insurance plans available generally to other senior executives of the Company, (iii) reimbursement from the Company or its designee of up to $1,000 per full calendar month to be used by the Executive solely for expenditures relating to the leasing, maintenance and other related costs of an automobile to be used by the Executive solely in performing his duties under this Agreement, and (iv) take 4 weeks of paid vacation annually. In the case of any partial month during the Employment Period, reimbursements, payments and other entitlements pursuant to this Section 2 shall be made or provided to the Executive on a per diem basis.
Base Salary, Bonus and Benefits. (a) During the Employment Period, Executive's base salary shall be $200,000 per annum or such higher rate as the Board designates from time to time (the "Base Salary"). The Base Salary shall be payable in regular installments ----------- in accordance with the Company's general payroll practices. The Board shall review Executive's performance in April, 1999, and at the end of each eighteen month period thereafter during the Employment Period. Based on such review, the Board may, in its sole discretion, increase or decrease the Base Salary (but not below $200,000). Following the end of each fiscal year during the Employment Period, the Board may award the Executive a bonus for such year based on Executive's performance, the amount of which will be determined by the Board in its sole judgment. Executive's "target" under the Company's Management Incentive Plan shall be forty percent (40%) of Base Salary with a maximum of sixty percent (60%) of Base Salary. Executive shall receive a "sign-on" bonus of $16,666.67 from the Company.
