Common use of Base Salary Clause in Contracts

Base Salary. During the Base Term, the Company shall pay the Executive an annual base salary (“Base Salary”), payable in approximately equal installments in accordance with the Company’s customary payroll practices. The Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as such.

Appears in 2 contracts

Samples: Employment Agreement (Stewart & Stevenson Services Inc), Employment Agreement (Stewart & Stevenson Services Inc)

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Base Salary. During the Base Term, the The Company shall pay to the Executive an annual base salary (the “Base Salary”)) at the rate of $200,000, payable in approximately substantially equal installments at such intervals as may be determined by the Company in accordance with the Company’s customary then current ordinary payroll practicespractices as established from time to time. The Base Salary shall be $750,000. The Base Salary may not be decreased during reviewed in good faith by the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members Compensation Committee of the Company’s Board of Directors as such(the “Board”), based upon the Executive’s performance, not less often than annually.

Appears in 2 contracts

Samples: Employment Agreement (Applied Optoelectronics, Inc.), Employment Agreement (Applied Optoelectronics, Inc.)

Base Salary. During the Base Term, the The Company shall pay to the Executive an annual base salary of $75,600, payable on a monthly basis commencing on the Effective Date (as the same may be adjusted herein, the “Base Salary”), payable in approximately equal installments . The Base Salary shall be paid in accordance with the Company’s customary payroll practices. The Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchpolicies.

Appears in 2 contracts

Samples: Employment Agreement (HeartCore Enterprises, Inc.), Employment Agreement (HeartCore Enterprises, Inc.)

Base Salary. During the Base Term, the The Company shall agrees to pay the to Executive an annual a base salary (“Base Salary”)) at the annual rate of $500,000 with effect from May 1, 2014. The Compensation Committee of the Board of Directors of the Company (the “Compensation Committee”) may determine in its sole discretion to increase, but not decrease, the Base Salary. Payments of the Base Salary shall be payable in approximately equal installments in accordance with the Company’s customary standard payroll practices. The Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as such.

Appears in 2 contracts

Samples: Employment Agreement (FCB Financial Holdings, Inc.), Employment Agreement (FCB Financial Holdings, Inc.)

Base Salary. During the Base Term, the The Company shall pay Executive a Base Salary ("Base Salary") at the Executive an annual rate of $750,000 per annum. The base salary (“Base Salary”), shall be payable in approximately equal installments in accordance with the ordinary payroll practices of the Company’s customary payroll practices. The Executive's rate of Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible reviewed for any equity compensation provided for or afforded to members of possible increases by the Board of Directors as suchat least annually.

Appears in 2 contracts

Samples: Employment Agreement (Conagra Inc /De/), Agreement (Conagra Foods Inc /De/)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual a base salary (“of $41,667 per month commencing on October 1, 2000. Such base salary, together with any increases the Board may grant from time to time, is referred to in this Agreement as "Base Salary”), payable in approximately equal installments in accordance with the Company’s customary payroll practices. ." The Base Salary shall be $750,000subject to annual review by the Compensation Committee of the Board. The Such Base Salary may not shall be decreased during the Base Term. During the Base Term, the Executive subject to applicable tax withholding and shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchpaid in accordance with normal Company payroll practices.

Appears in 2 contracts

Samples: Employment Agreement (High Speed Access Corp), Employment Agreement (High Speed Access Corp)

Base Salary. During Initially during the Base Termterm hereof, the Company shall pay the Executive an annual a base salary at the rate of one hundred and fifty thousand (“Base Salary”)$150,000.) dollars per annum, payable in approximately equal installments in accordance with the Company’s customary payroll practices. The Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members practices of the Company for its executives and subject to annual review by the Board or the compensation committee thereof pre-dated to a start date of Directors as suchMarch 23, 2022.

Appears in 2 contracts

Samples: Executive Employment Agreement (Frontera Group Inc.), Executive Employment Agreement (Frontera Group Inc.)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual base salary of Two Hundred Twenty Thousand Dollars ($220,000) (“Base Salary”), payable in approximately equal installments in accordance with the Company’s customary payroll practices. The Base Salary shall be $750,000payable according to the customary payroll practices of the Company, but in no event less frequently than once each month. The Base Salary may not shall be decreased during reviewed annually and shall be subject to increase according to the Base Term. During policies and practices adopted by the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded Company from time to members of the Board of Directors as suchtime.

Appears in 2 contracts

Samples: Employment Agreement (Goldleaf Financial Solutions Inc.), Employment Agreement (Goldleaf Financial Solutions Inc.)

Base Salary. During the Base Term, the The Company shall pay to the Executive an annual base salary of $450,000 (the “Base Salary”), payable as set forth herein, commencing on the Effective Date. The Base Salary may be subject to annual adjustments, as determined in approximately equal installments the discretion of the Board of Directors of the Company (the “Board”). The Base Salary shall be paid in accordance with the Company’s customary standard payroll practices. The Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchprocesses.

Appears in 2 contracts

Samples: Employment Agreement (Hour Loop, Inc), Employment Agreement (Hour Loop, Inc)

Base Salary. During the Base Term, the Company shall pay the Executive an annual base salary ("Base Salary”)") of US $275,000, payable at the times and in approximately equal installments in accordance the manner consistent with the Company’s customary payroll practices's policies regarding compensation of executive employees. The Base Salary shall be $750,000Company agrees to review such compensation not less frequently than annually during the Term. The Once increased, the Base Salary may not be decreased during the decreased. The Base Term. During the Salary as increased from time to time shall be referred to herein as "Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchSalary".

Appears in 2 contracts

Samples: Employment Agreement (Scottish Annuity & Life Holdings LTD), Employment Agreement (Scottish Re Group LTD)

Base Salary. During the Base Term, the The Company shall pay to the Executive an annual base salary of $381,000, payable on a monthly basis commencing on the Effective Date (as the same may be adjusted herein, the “Base Salary”), payable in approximately equal installments . The Base Salary shall be paid in accordance with the Company’s customary payroll practices. The Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchpolicies.

Appears in 2 contracts

Samples: Employment Agreement (HeartCore Enterprises, Inc.), Employment Agreement (HeartCore Enterprises, Inc.)

Base Salary. During As of the Base TermEffective Date, the Company shall will pay the Executive an annual base salary of one hundred fifty thousand dollars ($150,000) as compensation for his services (such annual salary, as is then effective, to be referred to herein as "Base Salary"), payable in approximately equal installments . The Base Salary will be paid periodically in accordance with the Company’s customary 's normal payroll practices. The Base Salary shall practices and be $750,000. The Base Salary may not be decreased during subject to the Base Term. During the Base Termusual, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchrequired withholdings.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (S&W Seed Co), Employment Agreement (S&W Seed Co)

Base Salary. During the Base Term, the Company shall pay the Executive an annual a base salary (the “Base Salary”) at the annual rate of three hundred seventy-five thousand dollars ($375,000), payable in approximately equal installments in accordance with as of the Company’s customary payroll practicesCommencement Date). The Base Salary shall be $750,000payable in substantially equal periodic installments in accordance with Company’s payroll practices as in effect from time to time. Company shall deduct from each such installment all amounts required to be deducted or withheld under applicable law or under any employee benefit plan in which Executive participates. The Company shall review the Base Salary on an annual basis and may increase, but not be decreased during decrease, the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchSalary.

Appears in 2 contracts

Samples: Employment Agreement (Checkmate Pharmaceuticals, Inc.), Executive Employment Agreement (Checkmate Pharmaceuticals, Inc.)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual base salary of $410,000 (the “Base Salary”), payable in approximately equal installments in accordance with the Company’s customary payroll practices. The Base Salary shall be $750,000payable according to the customary payroll practices of the Company but in no event less frequently than once every two weeks. The Base Salary may not shall be decreased during reviewed each fiscal period and shall be subject to increase according to the Base Term. During policies and practices adopted by the Base TermCompany from time to time, and at the Executive shall not be eligible for any equity compensation provided for or afforded to members discretion of the Board of Directors as suchBoard.

Appears in 2 contracts

Samples: Employment Agreement (Biomimetic Therapeutics, Inc.), Employment Agreement (Biomimetic Therapeutics, Inc.)

Base Salary. During the Base Term, the The Company shall pay the to Executive an annual base a salary (the “Base Salary”)) at the annual rate of four hundred thousand dollars ($400,000) effective as of the Commencement Date, payable in approximately equal installments in accordance with the Company’s customary payroll practicesnormal practice. The Base Salary shall be $750,000. The Base Salary may not inclusive of all applicable income, Social Security and other taxes and charges which are required by law or requested to be decreased during withheld by Executive and which shall be withheld and paid in accordance with the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchCompany’s normal practice.

Appears in 2 contracts

Samples: Employment Agreement (Penn Virginia Resource Partners L P), Employment Agreement (Penn Virginia Resource Partners L P)

Base Salary. During the Base Term, the Company shall pay the Executive an annual a base salary (the “Base Salary”) at the annual rate of three hundred and fifty thousand dollars ($350,000), as of the Commencement Date. The Base Salary’ shall be payable in approximately substantially equal periodic installments in accordance with the Company’s customary payroll practicespractices as in effect from time to time. Company shall deduct from each such installment all amounts required to be deducted or withheld under applicable law or under any employee benefit plan in which Executive participates. The Company shall review the Base Salary shall be $750,000. The Base Salary on an annual basis and may increase, but not be decreased during decrease, the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchSalary.

Appears in 2 contracts

Samples: Employment Agreement (Checkmate Pharmaceuticals, Inc.), Executive Employment Agreement (Checkmate Pharmaceuticals, Inc.)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual a base salary (the “Base Salary”)) at the annualized rate of $439,000, which shall be subject to customary withholdings and authorized deductions and shall be payable in approximately equal installments in accordance with the Company’s customary payroll practicespractices in place from time to time. The Executive’s Base Salary shall be $750,000subject to review on at least an annual basis. The Base Salary foregoing annualized rate will be effective for fiscal year 2020 and may not be decreased during reevaluated by the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Company’s Board of Directors as suchfor fiscal year 2021.

Appears in 2 contracts

Samples: Employment Agreement (Corbus Pharmaceuticals Holdings, Inc.), Employment Agreement (Corbus Pharmaceuticals Holdings, Inc.)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual a base salary of Five Hundred Forty Three Thousand, Three Hundred Seventy Five Dollars ($543,375) per annum, beginning on the Effective Date (the “Base Salary”), payable in approximately equal installments in accordance with the Company’s customary payroll practices. The Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members practices of the Board of Directors as such.Company for its executives, but no less than once per each month. ​

Appears in 2 contracts

Samples: Employment Agreement (Rezolute, Inc.), Employment Agreement (Rezolute, Inc.)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual a base salary (the “Base Salary”) at the annual rate of $190,200 (U.S.) payable at such times as the Company customarily pays its other senior level executives (but in any event no less often than monthly), payable in approximately equal installments in accordance with the Company’s customary payroll practices. The Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Termsubject to all state, the Executive shall not be eligible for federal, and local payroll tax withholding and any equity compensation provided for or afforded to members of the Board of Directors as suchother withholdings required by law.

Appears in 2 contracts

Samples: Executive Employment Agreement (MGT Capital Investments Inc), Executive Employment Agreement (MGT Capital Investments Inc)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual base a fixed salary of $125,000 per annum ("Base Salary"), . Base Salary shall be payable in approximately equal installments in accordance with the Company’s customary payroll practicespractices of the Company, but in no event less frequently than monthly. The Executive shall, during the Initial Term and any Additional Term, be eligible to receive increases in Base Salary shall as may be $750,000. The Base Salary may not be decreased during approved by the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Company's Board of Directors as suchand/or Chief Executive Officer.

Appears in 2 contracts

Samples: Employment Agreement (U S Physicians Inc), Employment Agreement (U S Physicians Inc)

Base Salary. During the Base Term, the The Company Group shall pay the Executive an annual a base salary in the amount of $477,400 per annum, as adjusted as permitted herein (the “Base Salary”)) during the Term, payable in approximately equal installments accordance the Company Group’s regular payroll practices as in accordance with the Company’s customary payroll practiceseffect from time to time. The Base Salary shall be $750,000. The Base Salary may not be decreased periodically reviewed by the Board during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded Term and subject to members of the Board of Directors as suchchange upon reasonable notice.

Appears in 2 contracts

Samples: Employment Agreement (FTC Solar, Inc.), Employment Agreement (FTC Solar, Inc.)

Base Salary. During the Base TermEffective October 4, 2006, the Company shall pay the Executive an annual a base salary of Two Hundred Sixty Thousand Dollars (“Base Salary”)$260,000) per year, payable in approximately equal installments regular periodic payments in accordance with the Company’s customary payroll practicesCompany policy. The Base Salary Such base salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible prorated for any equity compensation provided for or afforded to members partial year of employment on the Board basis of Directors as sucha 365-day fiscal year.

Appears in 2 contracts

Samples: Employment Agreement (TorreyPines Therapeutics, Inc.), Employment Agreement (TorreyPines Therapeutics, Inc.)

Base Salary. During the Base Term, Term the Company shall pay the Executive an annual a base salary (the “Base Salary”)) at the initial rate of four hundred and twenty-two thousand dollars ($422,000) per annum, payable in approximately equal installments in accordance with the Company’s customary regular payroll practicespolicies and subject to all withholdings that are legally required or are agreed to by Executive. The Base Salary shall be $750,000. The Base Salary may not be decreased during In the event that the Company, in its sole discretion, from time to time determines to increase the Base Term. During Salary, such increased amount shall, from and after the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members effective date of the Board increase, constitute the “Base Salary” for purposes of Directors as suchthis Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Scientific Games Corp), Employment Agreement (Scientific Games Corp)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual a base salary (the “Base Salary”) at the annual rate of $195,000 (U.S.), payable at such times as the Company customarily pays its other senior level executives (but in approximately equal installments in accordance with the Company’s customary payroll practicesany event no less often than monthly). The Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Termsubject to all state, the Executive shall not be eligible for federal, and local payroll tax withholding and any equity compensation provided for or afforded to members of the Board of Directors as suchother withholdings required by law.

Appears in 2 contracts

Samples: Executive Employment Agreement (Synergy Pharmaceuticals, Inc.), Executive Employment Agreement (TrovaGene Inc.)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual base annualized salary (the “Base Salary”)) of two hundred and fifty thousand dollars ($250,000.00) beginning with the year ending December 31, payable in approximately equal installments 2017, and each year thereafter. Payment shall be made in accordance with the Company’s customary normal payroll practices. The Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as such.

Appears in 2 contracts

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

Base Salary. During the Base Term, the The Company shall pay the Executive an annual a base salary (the "Base Salary”)") during the period of the Executive's employment hereunder, payable in approximately equal installments which shall be at an initial rate of Two Hundred and Seventy-One Thousand Dollars ($271,000.00) per annum. The Base Salary shall be paid in accordance with the Company’s customary 's standard payroll practices. The Base Salary shall be $750,000. The Base Salary may reviewed for possible increase on an annual basis and shall not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as such.

Appears in 2 contracts

Samples: Employment Agreement (Avangrid, Inc.), Employment Agreement (Avangrid, Inc.)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual base salary at a rate of $14,583.33 paid twice monthly (“Base Salary”which annualizes to $350,000), payable less withholdings and deductions required and/or permitted by law. The Executive’s base salary shall be paid in approximately equal installments in accordance conformity with the Company’s customary payroll practices. The Base Salary shall be $750,000. The Base Salary may not be decreased during practices generally applicable to the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchCompany’s senior executives.

Appears in 2 contracts

Samples: Employment Agreement (Dicerna Pharmaceuticals Inc), Employment Agreement (Dicerna Pharmaceuticals Inc)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual a base salary (“Base Salary”), payable in approximately equal installments in accordance with the Company’s customary payroll practices) as follows: Two Hundred Twenty Five Thousand Dollars ($225,000) per annum. The Base Salary shall be $750,000payable according to the customary payroll practices of the Company but in no event less frequently than once each month. The Base Salary may not base salary shall be decreased during reviewed annually and shall be subject to increase according to the Base Term. During policies and practices adopted by the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded Company from time to members of the Board of Directors as suchtime.

Appears in 2 contracts

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

Base Salary. During the Base Term, the The Company shall pay the Executive an annual a base salary of Four Hundred Thousand Dollars ($400,000) per year. Base Salary”), salary shall be payable in approximately equal installments twice monthly or at more frequent intervals in accordance with the Company’s customary payroll practicespay schedule. The Base Salary Company shall be $750,000. The Base Salary annually consider increases of Executive’s base salary and may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchperiodically increase such base salary in its discretion.

Appears in 2 contracts

Samples: Employment Agreement (Green Plains Inc.), Employment Agreement (Green Plains Inc.)

Base Salary. During the Base Term, the The Company shall pay the Executive as compensation for his services an annual annualized base salary of Two Hundred Forty Thousand dollars ($240,000.00) (the “Base Salary”), less applicable deductions and withholdings, payable in approximately equal periodic installments in accordance with the Company’s customary regular payroll practicespractices in effect from time to time. The Base Salary shall be $750,000. The Base Salary may not reviewed and shall be decreased during subject to increase from time to time at the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members sole discretion of the Board of Directors as suchBoard.

Appears in 2 contracts

Samples: Employment and Severance Agreement (TigerLogic CORP), Employment and Severance Agreement (TigerLogic CORP)

Base Salary. During Subject to the Base Termterms and conditions herein, in consideration of the services rendered by the Executive hereunder and provided that the Executive has performed in all material respects all of his obligations provided for herein, the Company shall will pay to the Executive an annual a base salary (the "Base Salary”), payable in approximately equal installments in accordance with ") at a minimum of Three Hundred Fifty Thousand Dollars ($350,000) per year during the Company’s customary payroll practicesTerm. The Base Salary shall be $750,000. The Base Salary may not be decreased during paid in accordance with the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchCompany's normal payroll practice.

Appears in 2 contracts

Samples: Employment Agreement (Aurora Foods Inc /De/), Employment Agreement (Aurora Foods Inc /Md/)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual a base salary (the “Base Salary”)) during the period of the Executive’s employment hereunder, payable in approximately equal installments which shall be Four Hundred Thousand Dollars ($400,000.00) per annum. The Base Salary shall be paid in accordance with the Company’s customary standard payroll practices. The Base Salary shall be $750,000. The Base Salary may reviewed for possible increase on an annual basis and shall not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as such.

Appears in 2 contracts

Samples: Employment Agreement (Avangrid, Inc.), Employment Agreement (Avangrid, Inc.)

Base Salary. During the Base Term, the (1) The Company shall will pay the Executive an annual a base salary (the “Base Salary”)) in the amount of CAD$550,000 per annum effective July 1, 2008. Such Base Salary will be payable in approximately 26 equal installments instalments during each year of employment, in accordance with the Company’s customary usual payroll practices. The Base Salary shall be $750,000. The Base Salary may not be decreased during practices and dates, in arrears by direct deposit, and subject to deductions required by law or authorized by the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchExecutive.

Appears in 1 contract

Samples: Private & Confidential (Lululemon Athletica Inc.)

Base Salary. During the Base Term, the Company Executive shall pay the Executive an annual be paid a base salary ("Base Salary”)") at the annual rate of Two Hundred Forty Thousand ($240,000) Dollars per year, payable in approximately equal bi-weekly installments in accordance consistent with the Company’s customary 's payroll practices. The annual Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for reviewed on or afforded to members before April 1 of each year by the Board of Directors as suchof the Company, unless Executive's employment hereunder shall have been terminated earlier pursuant to this Agreement, to determine if such Base Salary should be increased for the following year in recognition of services to the Company.

Appears in 1 contract

Samples: Employment Agreement (Knockout Holdings, Inc.)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual a monthly base salary in the amount of Twelve Thousand Five Hundred Dollars ($12,500.00) (the “Base Salary”), which shall be payable in approximately equal installments on a monthly basis or otherwise in accordance with the Company’s customary payroll practicesstandard policies. The Notwithstanding the forgoing, the Parties acknowledge and agree that the Base Salary shall be $750,000. The Base Salary may not deferred, and shall accumulate, until the Company has sufficient cash available to make such payments, as to be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of reasonably determined and agreed by the Board of Directors as suchand Executive, at which time all accrued and unpaid Base Salary shall be paid.

Appears in 1 contract

Samples: Employment Agreement (SIMPLICITY ESPORTS & GAMING Co)

Base Salary. During the Base Term, the Company shall pay the Executive The base salary will be paid at an annual base salary rate of three hundred ninety three thousand seven hundred fifty dollars (“Base Salary”$393,750), payable in approximately equal installments by the Company in accordance with the Company’s customary normal payroll practicesprocess. The Executive’s Base Salary shall will be $750,000. The Base Salary may not be decreased during adjusted solely at the Base Term. During discretion of the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members Compensation Committee of the Board of Directors as such(the “Compensation Committee”).

Appears in 1 contract

Samples: Employment Agreement (Luther Burbank Corp)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual base salary of $245,500 (“Base Salary”), . Base Salary shall be payable in approximately equal installments in accordance with according to the Company’s customary payroll practicespractices of the Company but in no event less frequently than twice each month. The Base Salary shall be $750,000. The Base Salary may not reviewed each fiscal period and shall be decreased during subject to increase according to the Base Term. During policies and practices adopted by the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded Company from time to members of the Board of Directors as suchtime.

Appears in 1 contract

Samples: Employment Agreement (Biomimetic Therapeutics, Inc.)

Base Salary. During the Base Term, the The Company shall pay the to Executive an annual base salary ("Base Salary”), ") of $200,000 payable one month in approximately equal installments in accordance with the Company’s customary arrears and subject to applicable tax and payroll practices. The Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchdeductions.

Appears in 1 contract

Samples: Executive Employment Agreement (MDNA Life Sciences, Inc.)

Base Salary. During the Base Term, the The Company shall pay to the Executive an annual base salary of $400,000, payable on a monthly basis commencing on the Effective Date (as the same may be adjusted herein, the “Base Salary”), payable in approximately equal installments . The Base Salary shall be paid in accordance with the Company’s customary payroll practices. The Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchpolicies.

Appears in 1 contract

Samples: Executive Employment Agreement (Novo Integrated Sciences, Inc.)

Base Salary. During Throughout the Base Term, the Company shall pay the Executive an annual base salary (the “Base Salary”), payable in approximately ) equal installments to three hundred and seventy-five thousand dollars ($375,000) per year. Payment shall be made in accordance with the Company’s customary normal payroll practices. The Base Salary shall will be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of reviewed by the Board of Directors as suchno less frequently than annually, and may be increased (but not decreased).

Appears in 1 contract

Samples: Employment Agreement (Ventrus Biosciences Inc)

Base Salary. During the Base Term, the The Company shall pay the to Executive an annual a base salary in the amount of one hundred and thirty-five thousand four hundred seventeen dollars ($135,417) (the "Base Salary”), ") for the Period payable in approximately equal installments in accordance with the Company’s customary 's standard payroll practicespolicies. The Base Salary Company shall be $750,000. The Base Salary entitled to deduct or withhold all taxes and charges which the Company may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for required to deduct or afforded to members of the Board of Directors as suchwithhold therefrom.

Appears in 1 contract

Samples: Employment Agreement (American Gaming & Entertainment LTD /De)

Base Salary. During the Base Term, the Company shall pay the Executive an annual a base salary (the “Base Salary”)) at the rate of $350,000 (three hundred fifty thousand US dollars) per annum, payable in approximately equal installments in accordance with the Company’s customary normal payroll practices. The Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members practices of the Board of Directors as suchCompany for its executives and subject to increase (but not decrease) from time to time by the CEO, in his/her discretion.

Appears in 1 contract

Samples: Employment Agreement (Performance Sports Group Ltd.)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual rate of base salary (“Base Salary”), payable of no less than $120,000.00 in approximately equal periodic installments in accordance with the Company’s 's customary payroll practices, but no less frequently than monthly. The Base Salary Executive's annual base salary, as in effect from time to time, shall be $750,000. The referred to in this Agreement as "Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchSalary".

Appears in 1 contract

Samples: Employment Agreement (Quantum Materials Corp.)

Base Salary. During Throughout the Base Term, the Company shall pay the Executive an annual base salary (the “Base Salary”), payable in approximately ) equal installments to three hundred fifty thousand dollars ($350,000) per year. Payment shall be made in accordance with the Company’s customary normal payroll practices. The Base Salary shall will be $750,000. The Base Salary may not be decreased during reviewed by the Base Term. During the Base Term, the Chief Executive shall not be eligible for any equity compensation provided for or afforded to members of Officer and the Board of Directors as suchno less frequently than annually, and may be increased (but not decreased).

Appears in 1 contract

Samples: Employment Agreement (Assembly Biosciences, Inc.)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual a base salary of Two Hundred Seventy Five Thousand Dollars ($275,000) per year. Base Salary”), salary shall be payable in approximately equal installments twice monthly or at more frequent intervals in accordance with the Company’s customary payroll practicespay schedule. The Base Salary Company shall be $750,000. The Base Salary annually consider increases of Executive’s base salary and may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchperiodically increase such base salary in its discretion.

Appears in 1 contract

Samples: Employment Agreement (Green Plains Renewable Energy, Inc.)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual base salary of $223,000 (“Base Salary”), . Base Salary shall be payable in approximately equal installments in accordance with according to the Company’s customary payroll practicespractices of the Company but in no event less frequently than twice each month. The Base Salary shall be $750,000. The Base Salary may not reviewed each fiscal period and shall be decreased during subject to increase according to the Base Term. During policies and practices adopted by the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded Company from time to members of the Board of Directors as suchtime.

Appears in 1 contract

Samples: Employment Agreement (Biomimetic Therapeutics, Inc.)

Base Salary. During For the Base Termperiod October 1, 2000 through December 31, 2000 the Company shall pay the Executive an annual a base salary of $225,000 which is the base salary payable under the 1996 Agreement. The Company shall pay to the Executive a base salary of $900,000 (the "Base Salary”)") for each year of the Term commencing January 1, 2001. The payment of aforesaid $225,000 as well as the Base Salary shall be payable in approximately equal installments currently in accordance with the Company’s customary payroll practices. The Base Salary practices of the Company but in no event less frequently than monthly and shall be $750,000. The Base Salary subject to such withholdings as may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchrequired by applicable law.

Appears in 1 contract

Samples: Employment Agreement (Citizens Communications Co)

Base Salary. During the Base Employment Term, the Company shall pay the to Executive an annual base salary (“Base Salary”) in an amount not less than Three Hundred Twenty Thousand and No/100 Dollars ($320,000.00), . Such Base Salary shall be payable in approximately equal installments in accordance with the Company’s customary regular payroll practices. The Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members practices and procedures of the Board of Directors as suchCompany.

Appears in 1 contract

Samples: Executive Employment Agreement (US Ecology, Inc.)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual base salary (“Base Salary”)of $205,000 per annum effective January 1, 2010, $234,000 per annum effective January 1, 2011, which base salary will be subject to review effective as of January 1, 2012, and at least annually thereafter by the Company for possible increases. The base salary shall be payable in approximately equal installments installments, no less frequently than twice per month, in accordance with the Company’s customary regular payroll practices. The Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as such.

Appears in 1 contract

Samples: Employment Agreement (Omega Healthcare Investors Inc)

Base Salary. During the Base Term, the Company shall pay the Executive an annual base salary ("Base Salary”)") of US $190,000, payable at the times and in approximately equal installments in accordance the manner consistent with the Company’s customary payroll practices's policies regarding compensation of executive employees. The Base Salary shall be $750,000Company agrees to review such compensation not less frequently than annually during the Term. The Once increased, the Base Salary may not be decreased during the decreased. The Base Term. During the Salary as increased from time to time shall be referred to herein as "Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchSalary".

Appears in 1 contract

Samples: Employment Agreement (Scottish Re Group LTD)

Base Salary. During Effective April 1, 2012, during Executive’s employment with the Base TermCompany, the Company shall pay the Executive an annual a base salary (the “Base Salary”) at the annual rate of $350,000.00 (Three Hundred Fifty Thousand Dollars and Zero Cents), payable in approximately equal regular installments in accordance with the Company’s customary usual payroll practices. The Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as such.

Appears in 1 contract

Samples: Employment Agreement (Ami Celebrity Publications, LLC)

Base Salary. During the Base Term, the Company The base salary shall pay the Executive be an annual base salary of $400,000 (the "Base Salary"), payable in approximately equal installments by the Company in accordance with the Company’s customary 's normal payroll practicespractices applicable to senior executives but no less frequently than monthly. The Base Salary will, at the request of Executive, be reviewed annually during the Term for increase in the sole discretion of the Chief Executive Officer. The Base Salary shall be $750,000. The Base Salary may not be decreased at any time, or for any purpose, during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchTerm without Executive's prior written consent.

Appears in 1 contract

Samples: Employment Agreement (Ascent Media Group Inc)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual annualized base salary of Two Hundred Fifty Thousand and no/100 Dollars ($250,000.00) (“Base Salary”), payable in approximately equal installments . The Base Salary shall be paid at regular payroll intervals in accordance with the Company’s customary standard payroll practices. The Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded subject to members of the Board of Directors as suchapplicable withholdings.

Appears in 1 contract

Samples: Employment Agreement (Analysts International Corp)

Base Salary. During Throughout the Base Term, the Company shall pay the Executive an annual base salary (the “Base Salary”), payable in approximately ) equal installments to two hundred and fifty thousand dollars ($250,000) per year. Payment shall be made in accordance with the Company’s customary normal payroll practices. The Base Salary shall will be $750,000. The Base Salary reviewed by the Chief Executive Officer and the Audit Committee no less frequently than annually, and may be increased (but not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchdecreased).

Appears in 1 contract

Samples: Employment Agreement (Ventrus Biosciences Inc)

Base Salary. During the Base Term, the Company shall pay the Executive an annual Employee a base salary (“Base Salary”)at the rate of $335,000 per annum, payable in approximately equal installments in accordance with the Company’s customary payroll practices. The Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members practices of the Board of Directors Company for its executives, but not less frequently than monthly, and subject to increases from time to time as suchmay be approved by the Chief Executive Officer. Such base salary, including any increases approved by the Chief Executive Officer is hereafter referred to as the “Base Salary.

Appears in 1 contract

Samples: Employment Agreement (Multiband Corp)

Base Salary. During the Base TermEmployment Period, the Company shall pay the Executive an annual a base salary (the “Base Salary”), (i) initially set at three hundred and twenty thousand dollars ($320,000) per year, and (ii) beginning in calendar year 2008, at no less than three hundred and forty-five thousand dollars ($345,000) per year, subject thereafter to annual review and increase (but not decrease) in the sole discretion of the Committee and payable in approximately equal installments in accordance with the Company’s customary normal payroll practices. The Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded procedures applicable to members similarly situated executives of the Board of Directors Company, as suchin effect from time to time.

Appears in 1 contract

Samples: Employment Agreement (On Assignment Inc)

Base Salary. During the Base Term, the Company shall pay the Executive an annual The Executive’s base salary (the “Base Salary”), payable in approximately equal installments ) shall be paid in accordance with the Company’s customary regular payroll practicespractices in effect from time to time, but not less frequently than in monthly installments. The Executive’s Base Salary for the first twelve (12) months of the Period of Employment shall be at an annualized rate of Two Hundred Ten Thousand Dollars ($750,000210,000). The Thereafter, the Company will review the Executive’s Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchat least annually.

Appears in 1 contract

Samples: Employment Agreement (SafeNet Holding Corp)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual a base salary (the "Base Salary”), payable in approximately equal installments ") at the rate of $540,000 per year during the Term. Payment shall be made in accordance with the Company’s customary 's normal payroll practices. The In the event that the Executive is still employed hereunder on the six month anniversary of the Effective Date, the Board will consider at such time whether the Base Salary shall should be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchadjusted.

Appears in 1 contract

Samples: Executive Employment Agreement (Cempra, Inc.)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual a base salary (the “Base Salary”)) at the annualized rate of $622,804, which shall be subject to customary withholdings and authorized deductions and shall be payable in approximately equal installments in accordance with the Company’s customary payroll practicespractices in place from time to time. The Executive’s Base Salary shall be $750,000subject to review on at least an annual basis. The Base Salary foregoing annualized rate will be effective for fiscal year 2024 and may not be decreased during reevaluated by the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Company’s Board of Directors as suchfor fiscal year 2025.

Appears in 1 contract

Samples: Employment Agreement (Corbus Pharmaceuticals Holdings, Inc.)

Base Salary. During the Base Employment Term, the Company shall pay the to Executive an annual base salary (“Base Salary”) in an amount not less than Four Hundred ​ Fifty-Three Thousand and No/100 Dollars ($453,000.00), . Such Base Salary shall be payable in approximately equal installments in accordance with the Company’s customary regular payroll practices. The Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members practices and procedures of the Board of Directors as suchCompany.

Appears in 1 contract

Samples: Executive Employment Agreement (US Ecology, Inc.)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual base ------------- salary ("Base Salary") in the amount of Four Hundred Fifty Thousand Dollars ($450,000), payable in approximately equal installments in accordance with the Company’s customary payroll practices. The Base Salary shall be $750,000payable according to the customary payroll practices of the Company, but in no event less frequently than once each month. The Base Salary may not shall be decreased during reviewed each fiscal period and shall be subject to increase according to the Base Term. During policies and practices adopted by the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded Company from time to members of the Board of Directors as suchtime.

Appears in 1 contract

Samples: Employment Agreement (Central Parking Corp)

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Base Salary. During the Base Term, the The Company shall pay the Executive an annual base a salary (the “Base Salary”)) equal to Four Hundred Fourty-Seven Thousand, payable in approximately equal installments One Hundred and Sixty Dollars ($447,160) per year. Payment shall be made in accordance with the Company’s customary normal payroll practices. The amount of increase reflected in this Base Salary as compared to the salary rate being paid immediately prior to the Term shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Termpaid retroactively to January 1, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as such2009.

Appears in 1 contract

Samples: Employment Agreement (Chelsea Therapeutics International, Ltd.)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual base salary (the “Base Salary”) of Three Hundred Fifty Eight Thousand, Four Hundred Dollars ($358,400), payable in approximately equal installments . Payment shall be made in accordance with the Company’s customary normal payroll practicespractices in effect from time to time. The Executive's Base Salary shall will be $750,000reviewed at least annually and may be increased in the sole discretion of the Company's Compensation Committee. The Base Salary may not be decreased during decreased, except upon a mutual written agreement between the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchparties.

Appears in 1 contract

Samples: Employment Agreement (VioQuest Pharmaceuticals, Inc.)

Base Salary. During Commencing on the Base Termdate hereof, the Company shall pay the Executive an annual a base salary at the rate of Two Hundred Twenty-Five Thousand Dollars (“Base Salary”)$225,000) per year, payable in approximately equal installments in accordance with the Company’s customary payroll practices. The Base Salary shall be $750,000. The Base Salary may not be decreased during practices of the Base Term. During the Base Term, the Executive shall not be eligible Company for any equity compensation provided for or afforded its executives and subject to members of such increases as the Board of Directors as suchof the Company (the "Board") in its sole discretion may determine from time to time (the "Base Salary").

Appears in 1 contract

Samples: Employment Agreement (Dominos Inc)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual rate of base salary of one hundred and twenty thousand dollars (“Base Salary”), payable $120,000.00) in approximately equal monthly installments of ten thousand dollars ($10,000.00) per month in accordance with the Company’s customary payroll practices. The Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as such.practices and applicable wage payment

Appears in 1 contract

Samples: Executive Employment Agreement (Marijuana Co of America, Inc.)

Base Salary. During the Base Term, the The Company shall agrees to pay the Executive an annual a base salary (the “Base Salary”) at an annual rate of Two Hundred Sixty Thousand Dollars ($260,000), payable in approximately equal installments in accordance with the regular payroll practices of the Company, but not less frequently than monthly. Executive’s customary payroll practices. The Base Salary shall be $750,000reviewed and may be increased, but not decreased, from time to time by the Board (or a committee thereof). The base salary as determined herein from time to time shall constitute “Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible Salary” for any equity compensation provided for or afforded to members purposes of the Board of Directors as suchthis Agreement.

Appears in 1 contract

Samples: Employment Agreement (Virtual Radiologic CORP)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual base salary (the “Base Salary”), payable ) at the rate of $124,800.00 in approximately equal regular installments in accordance with the Company’s customary ordinary payroll practicespractices (in effect from time to time), but in any event no less frequently than monthly. The Beginning with the 2008 calendar year, and each year thereafter during the Employment Period, the Board shall review Executive’s Base Salary shall be $750,000. The and make a determination as to whether an increase in the Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchis warranted.

Appears in 1 contract

Samples: Employment Agreement (M Wave Inc)

Base Salary. During Effective February 21, 2018 and during the Base Term, the Company shall pay the Executive an annual base salary of $425,000, payable bi-weekly (“Base Salary”), payable in approximately equal installments in accordance with the Company’s customary payroll practices. The Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members policies of the Board of Directors Company from time to time in effect, less such amounts as suchmay be required to be withheld by applicable federal, state and local law and regulations and any applicable deductions under the Company Benefit plans.

Appears in 1 contract

Samples: Employment Agreement (Spanish Broadcasting System Inc)

Base Salary. During Effective as of the Base TermEffective Date, the Company shall pay the Executive an annual base salary in the amount of Five Hundred Eighty Thousand Dollars ($580,000) or such amount as may from time-to-time be determined by the Company in its sole discretion (“Base Salary”), payable . Such salary shall be paid in approximately equal installments in accordance with the Company’s customary payroll practices. The Base Salary shall be $750,000. The Base Salary may not be decreased during manner and at the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members times as other employees of the Board of Directors as suchCompany are paid.

Appears in 1 contract

Samples: Employment Agreement (Golden Entertainment, Inc.)

Base Salary. During the Base Term, the Company shall pay the Executive an Your annual base salary will be $425,000 (as prorated to reflect any partial year of employment with the Company in your new role starting with the Effective Date). The Board of Directors of Parent (the “Board”), the Compensation Committee of the Board or any other duly authorized committee appointed by the Board may adjust this base salary upward on an annual basis or at other times as it deems appropriate (your base salary, as it may be adjusted, “Base Salary”), payable in approximately equal installments . The Base Salary shall be paid in accordance with the Company’s customary standard payroll practices. The Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible practice for any equity compensation provided for or afforded to members of the Board of Directors as suchits executive officers.

Appears in 1 contract

Samples: Letter Agreement (BrightView Holdings, Inc.)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual base salary of $196,000.00 ("Base Salary"), . Base Salary shall be payable in approximately equal installments in accordance with according to the Company’s customary payroll practicespractices of the Company but in no event less frequently than twice each month. The Base Salary shall be $750,000. The Base Salary may not reviewed each fiscal period and shall be decreased during subject to increase according to the Base Term. During policies and practices adopted by the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded Company from time to members of the Board of Directors as suchtime.

Appears in 1 contract

Samples: Employment Agreement (Biomimetic Therapeutics, Inc.)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual base salary of $235,000 (the “Base Salary”), .” Base Salary shall be payable in approximately equal installments in accordance with according to the Company’s customary payroll practicespractices of the Company but in no event less frequently than twice each month. The Base Salary shall be $750,000. The Base Salary may not reviewed each fiscal year and shall be decreased during subject to increase according to the Base Term. During policies and practices adopted by the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded Company from time to members of the Board of Directors as suchtime.

Appears in 1 contract

Samples: Employment Agreement Extension (Biomimetic Therapeutics, Inc.)

Base Salary. During the Base Term, the The Company shall will pay the Executive an annual a base salary in the amount of four-hundred thousand dollars ($400,000) per annum (the “Base Salary”)) during the Term, payable in approximately equal installments in accordance with the Company’s customary regular payroll practicespractices as in effect from time to time, but in no event less frequently than monthly. The Base Salary will be reviewed by the Board annually during the Term, and shall be $750,000. The Base Salary may subject to increase but not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchdecrease.

Appears in 1 contract

Samples: Employment Agreement (PLBY Group, Inc.)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual base a salary (the “Base Salary”), payable in approximately ) equal installments to Four Hundred Ninety-One Thousand Dollars ($491,000) per year. Payment shall be made in accordance with the Company’s customary normal payroll practices. The amount of increase reflected in this Base Salary as compared to the salary rate being paid immediately prior to the Term shall be paid retroactively to January 1, 2012. Employee’s Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded subject to members of annual review by the Board of Directors as suchand may be adjusted in the Board’s discretion.

Appears in 1 contract

Samples: Employment Agreement (Chelsea Therapeutics International, Ltd.)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual base salary (“Base Salary”), ) of Three Hundred Fifty Thousand Dollars ($350,000.00) per annum during fiscal year 2018. Base Salary shall be payable in approximately equal installments in accordance with according to the Company’s customary payroll practicespractices of the Company but in no event less frequently than once each month. The Base Salary shall be $750,000. The Base Salary may not reviewed annually and shall be decreased during subject to adjustment according to the Base Term. During policies and practices adopted by the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded Company from time to members of the Board of Directors as suchtime.

Appears in 1 contract

Samples: Employment Agreement (National Health Investors Inc)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual a base salary (the “Base Salary”)) equal to One Hundred Seventy Five Thousand Dollars ($175,000) per annum, payable in approximately equal installments during the Term in accordance with the Company’s customary normal payroll practices. The Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as such.

Appears in 1 contract

Samples: Employment Agreement (Nile Therapeutics, Inc.)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual a base salary (the “Base Salary”) at the annual rate of six hundred thousand dollars ($600,000), . The Base Salary shall be payable in approximately substantially equal periodic installments in accordance with the Company’s customary payroll practicespractices as in effect from time to time. The Base Salary Company shall deduct from each such installment all amounts required to be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the deducted or withheld under applicable law or under any employee benefit plan in which Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchparticipates.

Appears in 1 contract

Samples: Executive Employment Agreement (Ziopharm Oncology Inc)

Base Salary. During Effective as of April 1, 2022 and continuing for the Base remainder of the Term, the Company shall pay the Executive an Employee’s annual base salary rate (“Base Salary”), payable in approximately equal installments in accordance with the Company’s customary payroll practices) shall be $215,000.04. The Base Salary shall be $750,000. The Base Salary may not be decreased during payable in a manner that is consistent with the Base Term. During the Base Term, the Executive shall not be eligible Company’s usual payroll practices for any equity compensation provided for or afforded to members of the Board of Directors as suchexecutive officers.

Appears in 1 contract

Samples: Employment Agreement (AVROBIO, Inc.)

Base Salary. During the Base Term, the The Company shall will pay the Executive an annual a base salary in the amount of four-hundred thousand dollars ($400,000) per annum (the “Base Salary”)) during the Term, payable in approximately equal installments in accordance with the Company’s customary regular payroll practicespractices as in effect from time to time, but in no event less frequently than monthly. The Base Salary will be reviewed by the Board annually during the Term and shall be $750,000. The Base Salary may subject to increase but not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchdecrease.

Appears in 1 contract

Samples: Employment Agreement (PLBY Group, Inc.)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual a base salary at the annualized rate of two hundred twenty thousand dollars ($220,000) per year (“Base Salary”), less payroll deductions and all required withholdings, payable in approximately equal installments regular periodic payments in accordance with the Company’s customary normal payroll practices. The Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as such.

Appears in 1 contract

Samples: Employment Agreement (Idm Pharma, Inc.)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual base salary (“Base Salary”), of $575,000.00 per annum. The base salary shall be payable in approximately equal installments installments, in accordance with the Company’s customary regular payroll practices. The Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as such.

Appears in 1 contract

Samples: Employment Agreement (PHH Corp)

Base Salary. During the Base Term, the Company shall pay the Executive an annual base salary ("Base Salary”)") of US $262,500, payable at the times and in approximately equal installments in accordance the manner consistent with the Company’s customary payroll practices's policies regarding compensation of executive employees. The Base Salary shall be $750,000Company agrees to review such compensation not less frequently than annually during the Term. The Once increased, the Base Salary may not be decreased during the decreased. The Base Term. During the Salary as increased from time to time shall be referred to herein as "Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchSalary".

Appears in 1 contract

Samples: Employment Agreement (Scottish Annuity & Life Holdings LTD)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual a base salary (the “Base Salary”)) during the period of the Executive’s employment hereunder, payable in approximately equal installments which shall be at an initial rate of Three Hundred and Twenty- five Thousand Four Hundred and Sixty-one Dollars ($325,461.00) per annum. The Base Salary shall be paid in accordance with the Company’s customary standard payroll practices. The Base Salary shall be $750,000. The Base Salary may reviewed for possible increase on an annual basis and shall not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as such.

Appears in 1 contract

Samples: Employment Agreement (Avangrid, Inc.)

Base Salary. During the Base Term, the Company shall pay to the Executive an annual base salary (the "Base Salary”)") at an initial rate of $500,000 per year, payable in approximately equal installments in accordance with the Company’s customary 's normal payroll practicespractices or as the Company and Executive may otherwise agree. The Base Salary shall be $750,000. The Base Salary may reviewed by the Company annually and shall be subject to discretionary increase by the Company from time to time, but shall not be decreased from the rate in effect at any time and from time to time during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as such.

Appears in 1 contract

Samples: Employment Agreement (Paracelsus Healthcare Corp)

Base Salary. During the Base Term, the The Company shall will pay the Executive an to Employee a minimum annual base salary ("Base Salary") of Two Hundred Thousand and No/100ths Dollars ($200,000.00), payable in approximately equal installments in accordance at such intervals consistent with the Company’s customary 's payroll practicespolicies for other senior executive officers, with such annual increases as are necessary to reflect changes in the cost of living and as may be provided under the terms of this Agreement. The Once increased, such greater amount shall constitute Employee's Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchSalary.

Appears in 1 contract

Samples: Employment Agreement (PSF Holdings LLC)

Base Salary. During the Base TermEmployment Period, the Company shall pay the Executive an annual a base salary (the “Base Salary”), (i) initially set at $320,000 per year, and (ii) beginning in calendar year 2008, at no less than $345,000 per year, subject thereafter to annual review and increase (but not decrease) in the sole discretion of the Committee and payable in approximately equal installments in accordance with the Company’s customary normal payroll practices. The Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded procedures applicable to members similarly situated executives of the Board of Directors Company, as suchin effect from time to time.

Appears in 1 contract

Samples: Employment Agreement (On Assignment Inc)

Base Salary. During the Base Termterm hereof, the Company shall pay the to Executive an annual a base salary (“Base Salary”) at the annual rate of Four Hundred Fifty-One Thousand Five Hundred Dollars ($451,500), . The Base Salary shall be payable in approximately equal installments in accordance with the Company’s customary payroll practices. The Base Salary pay schedule and shall be $750,000. The Base Salary may not be decreased during subject to such adjustments as the Base Term. During the Base Term, the Executive SPLP Board shall not be eligible for any equity compensation provided for or afforded determine from time to members of the Board of Directors as suchtime.

Appears in 1 contract

Samples: Employment Agreement (Steel Partners Holdings L.P.)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual a base salary at the annualized rate of One Hundred Twenty Five Thousand Dollars ($125,000) (the “Base Salary”), less payroll deductions and all required withholdings, payable in approximately equal installments regular periodic payments in accordance with the Company’s customary normal payroll practices. The Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible prorated for any equity compensation provided for or afforded to members partial year of employment on the Board basis of Directors as sucha 365-day fiscal year.

Appears in 1 contract

Samples: Employment Agreement (MetaStat, Inc.)

Base Salary. During the Base Term, the The Company shall will pay the Executive an annual Employee a base salary (the “Base Salary”) at an annual rate of One Hundred and Eighty-Five Thousand Three Hundred Dollars ($185,300), payable in approximately equal installments in accordance with the Company’s customary payroll practices. The Base Salary shall be $750,000practices as in effect from time to time. The Base Salary may not be reviewed from time to time by the Company and may be increased in the sole discretion of the Company. The Base Salary may also be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for in connection with any equity compensation provided for or afforded to members of the Board of Directors as suchCompany-wide decrease in executive compensation.

Appears in 1 contract

Samples: Employment Agreement (G1 Therapeutics, Inc.)

Base Salary. During the Base Term, the The Company shall agrees to pay the Executive an annual base salary at the rate of Two Hundred Twenty Thousand Dollars ($220,000) per annum (the "Base Salary”), ") payable in approximately substantially equal installments every week or in accordance with such other manner as the Company’s customary payroll practicesCompany may generally pay its employees. The Nothing contained herein shall be deemed to obligate the Company to increase the Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for at any equity compensation provided for or afforded to members of the Board of Directors as suchtime.

Appears in 1 contract

Samples: Employment Agreement (Graham Field Health Products Inc)

Base Salary. During the Base Term, the The Company shall pay the to Executive an annual base a salary (the “Base Salary”)) at the annual rate of two hundred seventy-five thousand dollars ($275,000) effective as of the Commencement Date, payable in approximately equal installments in accordance with the Company’s customary payroll practicesnormal practice. The Base Salary shall be $750,000. The Base Salary may not inclusive of all applicable income, Social Security and other taxes and charges which are required by law or requested to be decreased during withheld by Executive and which shall be withheld and paid in accordance with the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchCompany’s normal practice.

Appears in 1 contract

Samples: Employment Agreement (Penn Virginia Resource Partners L P)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual a base salary (the “Base Salary”) at the annual rate of Six Hundred Thousand Dollars ($600,000), . The Base Salary shall be payable in approximately substantially equal periodic installments in accordance with the Company’s customary payroll practicespractices as in effect from time to time. The Base Salary Company shall deduct from each such installment all amounts required to be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the deducted or withheld under applicable law or under any employee benefit plan in which Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchparticipates.

Appears in 1 contract

Samples: Participation Agreement (DermTech, Inc.)

Base Salary. During the Base Term, the Company shall pay the Executive an annual a base salary (the “Base Salary”), payable in approximately equal installments in accordance with ) at the Company’s customary payroll practicesannual rate of $434,520. The Base Salary shall be $750,000payable in substantially equal periodic installments in accordance with Company’s payroll practices as in effect from time to time. Company shall deduct from each such installment all amounts required to be deducted or withheld under applicable law or under any employee benefit plan in which Executive participates. The Base Salary will be reviewed annually and may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchincreased.

Appears in 1 contract

Samples: Executive Employment Agreement (Wave Life Sciences Ltd.)

Base Salary. During the Base Term, the Company shall pay the Executive an annual ----------- a base salary ("Base Salary”)") at the rate of Two Hundred Fifty Thousand Dollars ($250,000) per annum, or at such higher rate as the Board may determine from time to time, payable in approximately substantially equal installments in accordance with the Company’s customary payroll practices. The Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible 's normal practice for any equity compensation provided for or afforded paying base salaries to members of the Board of Directors as suchits executive employees.

Appears in 1 contract

Samples: Consulting Agreement (Usocdt Merger Corp)

Base Salary. During Except for the Base Termfollowing “limited salary period” and during the term hereof, the Company shall pay the Executive an annual a base salary at an initial rate of Three Hundred, Twenty five Thousand Dollars ($325,000) per annum (the “Base Salary”), payable in approximately equal installments in accordance with the Company’s customary payroll practices. The Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members practices of the Board of Directors Company for its executives. But no less then once per each month. Such base salary, as suchfrom time to time increased, is hereafter referred to as the “Base Salary.

Appears in 1 contract

Samples: Employment Agreement (AntriaBio, Inc.)

Base Salary. During Subject to the Base provisions of Section 1.7 and in consideration of the services rendered to the Company hereunder by Executive; the Company shall, during the Employment Term, pay Executive a salary at the Company shall pay annual rate of one hundred seventy five thousand dollars ($175,000) (the Executive an annual base salary (“Base Salary”), less statutory deductions and withholdings, payable in approximately equal installments in accordance with the Company’s customary regular payroll practices. The Base Salary shall be $750,000. The Base Salary may not be decreased during payable bi-weekly in accordance with the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchCompany’s normal payroll practices.

Appears in 1 contract

Samples: Employment Agreement (Intrusion Inc)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual a base salary (the "Base Salary") at the annual rate of $175,000 (U.S.), payable at such times as the Company customarily pays its other senior level executives (but in approximately equal installments in accordance with the Company’s customary payroll practicesany event no less often than monthly). The Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Termsubject to all state, the Executive shall not be eligible for federal, and local payroll tax withholding and any equity compensation provided for or afforded to members of the Board of Directors as suchother withholdings required by law.

Appears in 1 contract

Samples: Executive Employment Agreement (Callisto Pharmaceuticals Inc)

Base Salary. During the Base Term, the The Company shall agrees to pay the Executive an annual base salary at the rate of Two Hundred Thousand Dollars ($200,000) per annum (the "Base Salary”), ") payable in approximately substantially equal installments every week or in accordance with such other manner as the Company’s customary payroll practicesCompany may generally pay its employees. The Nothing contained herein shall be deemed to obligate the Company to increase the Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for at any equity compensation provided for or afforded to members of the Board of Directors as suchtime.

Appears in 1 contract

Samples: Employment Agreement (Graham Field Health Products Inc)

Base Salary. During the Base Term, the The Company shall pay Executive a base salary, to be paid monthly in arrears, in the Executive an annual base salary amount of three hundred eighty five thousand dollars ($385,000) (the “Base Salary”). The Company may, payable in approximately equal installments its sole discretion, increase the Base Salary from time to time as it deems appropriate. The Base Salary shall be paid in accordance with the Company’s customary standard payroll practicespractice for employees of a similar type and position as Executive. The Payment by the Company of the Base Salary shall be $750,000. The Base Salary may not be decreased during the Base Term. During the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded to members of the Board of Directors as suchcease upon Executive’s death.

Appears in 1 contract

Samples: Employment Agreement (Summa Industries/)

Base Salary. During the Base Term, the The Company shall pay the Executive an annual a base salary (“Base Salary”), payable in approximately equal installments in accordance with the Company’s customary payroll practices) as follows: Two Hundred Fifty Thousand Dollars ($250,000) per annum. The Base Salary shall be $750,000payable according to the customary payroll practices of the Company but in no event less frequently than once each month. The Base Salary may not base salary shall be decreased during reviewed annually and shall be subject to increase according to the Base Term. During policies and practices adopted by the Base Term, the Executive shall not be eligible for any equity compensation provided for or afforded Company from time to members of the Board of Directors as suchtime.

Appears in 1 contract

Samples: Employment Agreement (Advocat Inc)

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