Common use of Periodic Review Clause in Contracts

Periodic Review. The Compensation Committee or the Board of Directors of the Company shall review Executive's Base Salary and Benefits (as defined below) from time to time in accordance with the normal business practices of the Company. The Company may in its sole discretion increase the Base Salary during the Term. The amount of any increase combined with the previous year's Base Salary shall then constitute Executive's Base Salary for purposes of this Agreement.

Appears in 9 contracts

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

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Periodic Review. The Compensation Committee or the Board of Directors of the Company shall review Executive's ’s Base Salary and Benefits (as defined below) from time to time in accordance with the normal business practices of the Company. The Company may in its sole discretion increase the Base Salary during the Term. The amount of any increase combined with the previous year's ’s Base Salary shall then constitute Executive's ’s Base Salary for purposes of this Agreement.

Appears in 8 contracts

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

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