Basic Compensation. Executive’s initial salary (“Base Salary”) when annualized shall be at the rate of $175,000.00 and shall be payable in bi-weekly or other installments in accordance with the Company’s normal payment schedule for senior management (but not less frequently than monthly). The Base Salary shall be subject to annual review commencing on the anniversary of the Commencement Date and on or about each subsequent anniversary during the Term, and may be increased (but not decreased) by the Board in its sole discretion for subsequent years.
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Samples: Employment Agreement (Daystar Technologies Inc), Employment Agreement (Daystar Technologies Inc)
Basic Compensation. Executive’s initial salary (“Base Salary”) when annualized shall be at the rate of $175,000.00 240,000 and shall be payable in bi-weekly or other installments in accordance with the Company’s normal payment schedule for senior management (but not less frequently than monthly). The Base Salary Executive’s performance and compensation shall be subject to annual review commencing on each July 1st following the first anniversary of the Commencement Date and on or about each subsequent anniversary during the Term, and may be increased (but not decreased) by the Board in its sole discretion for subsequent yearsthereafter.
Appears in 2 contracts
Samples: Employment Agreement (Daystar Technologies Inc), Employment Agreement (Daystar Technologies Inc)
Basic Compensation. Executive’s initial salary (“Base Salary”) when annualized shall be at the rate of $175,000.00 160,000.00 and shall be payable in bi-weekly or other installments in accordance with the Company’s normal payment schedule for senior management (but not less frequently than monthly). The Base Salary shall be subject to annual review commencing on the anniversary of the Commencement Date and on or about each subsequent anniversary during the Term, and may be increased (but not decreased) by the Board in its sole discretion for subsequent years.
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Basic Compensation. Executive’s initial salary (“Base Salary”) when annualized shall be at the rate of $175,000.00 200,000 and shall be payable in bi-weekly or other installments in accordance with the Company’s normal payment schedule for senior management (but not less frequently than monthly). The Base Salary Executive’s performance and compensation shall be subject to annual review commencing on the anniversary of each July 1st following the Commencement Date and on or about each subsequent anniversary during the Term, and may be increased (but not decreased) by the Board in its sole discretion for subsequent yearsthereafter.
Appears in 1 contract
Basic Compensation. Executive’s initial salary (“Base Salary”) when annualized shall be at the rate of $175,000.00 150,000.00 and shall be payable in bi-weekly or other installments in accordance with the Company’s normal payment schedule for senior management (but not less frequently than monthly). The Base Salary shall be subject to annual review commencing on the anniversary of the Commencement Date and on or about each subsequent anniversary during the Term, and may be increased (but not decreased) by the Board in its sole discretion for subsequent years.
Appears in 1 contract
Basic Compensation. Executive’s initial salary (“Base Salary”) when annualized shall be at the rate of [$175,000.00 240,000] and shall be payable in bi-weekly or other installments in accordance with the Company’s normal payment schedule for senior management (but not less frequently than monthly). The Base Salary Executive’s performance and compensation shall be subject to annual review commencing (generally on or around each July 1st, or such other time as applicable to executive officers generally) following the first anniversary of the Commencement Date and on or about each subsequent anniversary during the Term, and may be increased (but not decreased) by the Board in its sole discretion for subsequent yearsthereafter.
Appears in 1 contract
Basic Compensation. Executive’s initial salary (“Base Salary”) when annualized shall be at the rate of $175,000.00 169,500.00 and shall be payable in bi-weekly or other installments in accordance with the Company’s normal payment schedule for senior management (but not less frequently than monthly). The Base Salary shall be subject to annual review commencing on the anniversary of the Commencement Date and on or about each subsequent anniversary during the Term, and may be increased (but not decreased) by the Board in its sole discretion for subsequent years.
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Basic Compensation. Executive’s 's initial salary (“"Base Salary”") when annualized shall be at the rate of $175,000.00 240,000 and shall be payable in bi-weekly or other installments in accordance with the Company’s 's normal payment schedule for senior management (but not less frequently than monthly). The Base Salary Executive's performance and compensation shall be subject to annual review commencing (generally on or around each July 1st, or such other time as applicable to executive officers generally) following the first anniversary of the Commencement Date and on or about each subsequent anniversary during the Term, and may be increased (but not decreased) by the Board in its sole discretion for subsequent yearsDay thereafter.
Appears in 1 contract
Basic Compensation. Executive’s initial salary (“Base Salary”) when annualized shall be at the rate of $175,000.00 250,000 and shall be payable in bi-weekly or other installments in accordance with the Company’s normal payment schedule for senior management (but not less frequently than monthly). The Base Salary Executive’s performance and compensation shall be subject to annual review commencing (generally on or around each July 1st, or such other time as applicable to executive officers generally) following the first anniversary of the Commencement Date and on or about each subsequent anniversary during the Term, and may be increased (but not decreased) by the Board in its sole discretion for subsequent yearsthereafter.
Appears in 1 contract
Basic Compensation. Executive’s initial salary (“Base Salary”) when annualized shall be at the rate of $175,000.00 200,000 and shall be payable in bi-weekly or other installments in accordance with the Company’s normal payment schedule for senior management (but not less frequently than monthly). The Base Salary shall be subject to annual review commencing on the anniversary of the Commencement Date and on or about each subsequent anniversary during the Term, and may be increased (but not decreased) by the Board in its sole discretion for subsequent years.
Appears in 1 contract
Basic Compensation. Executive’s initial salary (“Base Salary”) when annualized shall be at the rate of $175,000.00 140,000.00 and shall be payable in bi-weekly or other installments in accordance with the Company’s normal payment schedule for senior management (but not less frequently than monthly). The Base Salary shall be subject to annual review commencing on the anniversary of the Commencement Date and on or about each subsequent anniversary during the Term, and may be increased (but not decreased) by the Board in its sole discretion for subsequent years.
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