Gross Annual Salary Sample Clauses

Gross Annual Salary. Effective from the listing of the shares of Biolingus (Cayman) Limited on NASDAQ, the gross annual salary (excluding any child and education allowances) amounts to CHF 250’000. One thirteenth of it shall be paid out at the end of every calendar month and the rest shall be paid out in November as a thirteenth monthly salary (pro rata temporis if the employment does not last for at least one calendar year. For the avoidance of doubt, if the shares of Biolingus (Cayman) Limited do not list on NASDAQ, then no salary shall be payable by the Employer to the Employee pursuant to this Agreement.
Sample 1
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Gross Annual Salary. (i) Gross annual salary will include the following components: The total of all basic salary/wages amounts Shift and penalty allowances Leave loading On call allowances Coordinators allowance Higher duties allowances Overtime payments
Sample 1
Gross Annual Salary. A gross annual base salary in the amount of $120,000. Said salary shall be subject to all required withholdings and deductions, and shall be payable in accordance with the payroll practice of the Company in effect from time to time. At the expiration of 6 months from the date of this Agreement, and upon the expiration of each 6-month period thereafter, the Employee’s salary shall be reviewed and adjusted on the basis of the salary levels of other executives of the Company, the Employee’s position and performance and other criteria deemed relevant by the Company, provided such salary shall not be decreased other than for Cause.
Sample 1
Gross Annual Salary. The gross annual salary (excluding any child and education allowances) amounts to CHF 559’300. One thirteenth of it shall be paid out at the end of every calendar month and the rest shall be paid out in November as a thirteenth monthly salary (pro rata temporis if the employment does not last for at least one calendar year).
Sample 1
Gross Annual Salary. The Executive shall, while this Agreement remains in effect, receive from the Company as compensation for the services to be rendered and the obligations assumed hereunder, a gross annual salary of US$120,000 (One-hundred and twenty thousand 00/100 dollars of the United State of America), comprised as follows: Base annual salary $113,424.67 Christmas bonus (15 days) $ 4,931.50 Vacation premium (25%) $ 1,643.83 Total gross annual salary $120,000.00 Such compensation shall be payable in monthly installments, in arrears, on the fifteenth and on the last day of every month (hereinafter a "Payday"). In the event that a Payday is not a business day in Mexico, then the compensation shall be paid on the preceding business day. Both parties expressly agree that the Executive's compensation will be reviewed by the Company no later than December 31 of each year, to determine in its sole discretion whether any increase thereof is warranted.
Sample 1
Gross Annual Salary. (i) Gross annual salary will include the following components:  The total of all basic salary/wages amounts  Shift and penalty allowances  Leave loading  On call allowances  Coordinators allowance  Higher duties allowancesOvertime payments
Sample 1
Gross Annual Salary. £. . . . . . . . . . . . . . . . . . . . .
Sample 1
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Related to Gross Annual Salary

  • Base Annual Salary “Base Annual Salary” means the greater of (1) the highest annual rate of base salary in effect for the Executive during the 12 month period immediately prior to a Change in Control or, (2) the annual rate of base salary in effect at the time Notice of Termination is given (or on the date employment is terminated if no Notice of Termination is required).

  • Annual Salary Executive's compensation shall consist of an annual base salary (the "Annual Salary") of one hundred fifty thousand dollars ($150,000), before all customary payroll deductions. The Annual Salary shall be reviewed, and shall be subject to change, by the Board of Directors of Employer (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.

  • 1Base Salary During the Period of Employment, the Company shall pay the Executive a base salary (the “Base Salary”), which shall be paid biweekly or in such other installments as shall be consistent with the Company’s regular payroll practices in effect from time to time. The Executive’s Base Salary shall be at an annualized rate of Seven Hundred Thousand dollars ($700,000.00). The Compensation Committee of the Board (the “Compensation Committee”) will review the Executive’s rate of Base Salary on an annual basis and may, in its sole discretion, increase (but not decrease) the rate then in effect.

  • Average Annual Compensation The Executive's "Average Annual Compensation" for purposes of this Agreement shall be deemed to mean the average level of compensation paid to the Executive by the Employers or any subsidiary thereof during the most recent five taxable years preceding the Date of Termination, including Base Salary and benefits and bonuses under any employee benefit plans of the Employers.

  • Base Salary During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $250,000, payable in regular installments in accordance with the Company's usual payment practices. Executive shall be entitled to such increases in Executive's base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive's annual rate of base salary, as in effect from time to time, is hereinafter referred to as the "Base Salary."

  • Base Salary and Bonus As compensation for the Executive's services under this Agreement, the Executive shall receive and the Company shall pay a weekly base salary set forth on Exhibit A. Such base salary may be increased but not decreased during the Term or Renewal Period in the Company's discretion based upon the Executive's performance and any other factors the Company deems relevant. Such base salary shall be payable in accordance with the policy then prevailing for the Company's executives. In addition to such base salary, the Executive shall be entitled during the Term or Renewal Period to a performance bonus set forth on Exhibit A and to participate in and receive payments from, at the Company's election, other bonus and other incentive compensation plans, if any, as may be adopted by the Company.

  • Annual Base Salary During the Term, the Executive shall receive a base salary at an initial rate of $550,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion (the “Annual Base Salary”).

  • Base Compensation a. The Company and the Bank agree to pay Executive during the term of this Agreement a base salary at the rate of $ per year, payable in accordance with customary payroll practices.

  • Base Salary and Incentive Compensation Executive’s initial annual base salary shall be three hundred nine thousand dollars ($309,000). Executive’s base salary shall be redetermined annually by the Board or a Committee thereof. The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in substantially equal installments on a bi-weekly or more frequent basis. In addition to Base Salary, Executive shall be eligible to receive cash incentive compensation as determined by the Board or a Committee thereof from time to time, and shall also be eligible to participate in such incentive compensation plans as the Board or a Committee thereof shall determine from time to time for employees of the same status within the hierarchy of the Company.

  • Basic Salary (a) During the Employment the Company shall pay the Executive a Basic Salary of not less than £415,000 per annum. The Basic Salary shall accrue from day to day and be payable by credit transfer in equal monthly instalments in arrears on or around the 25th day of each calendar month or otherwise as arranged from time to time.

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