Common use of Regular Compensation Clause in Contracts

Regular Compensation. The Company shall pay to the Executive as compensation for his services and for his covenants and other obligations hereunder an annual base salary (the "Salary") in the amount of One hundred thousand Dollars ($100,000), payable in accordance with the regular and customary payroll practices of the Company. The Salary may be increased from time to time by action of the Compensation Committee of the Board of Directors of the Company.

Appears in 1 contract

Samples: Employment Agreement (Tower Financial Corp)

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Regular Compensation. The Company shall pay to the Executive as compensation for his services and for his covenants and other obligations hereunder an annual base salary (the "Salary") in the amount of One hundred thousand Ninety-one Thousand Eight Hundred Dollars ($100,00091,800), payable in accordance with the regular and customary payroll practices of the Company. The Salary may be increased from time to time by action of the Compensation Committee of the Board of Directors of the Company.

Appears in 1 contract

Samples: Employment Agreement (Tower Financial Corp)

Regular Compensation. The Company shall pay to the Executive as compensation for his services and for his covenants and other obligations hereunder an annual base salary (the "Salary") in the amount of One hundred thousand Hundred Fifty-Five Thousand Dollars ($100,000155,000.00), payable in accordance with the regular and customary payroll practices of the Company. The Salary may be increased from time to time by action of the CEO/President or the Compensation Committee of the Board of Directors of the Company.

Appears in 1 contract

Samples: Employment Agreement (Tower Financial Corp)

Regular Compensation. The Company shall pay to the Executive as compensation for his services and for his covenants and other obligations hereunder an annual base salary (the "Salary") in the amount of One hundred sixty seven thousand three hundred seventy five Dollars ($100,000167,375.00), payable in accordance with the regular and customary payroll practices of the Company. The Salary may be increased from time to time by action of the CEO/President or the Compensation Committee of the Board of Directors of the Company.

Appears in 1 contract

Samples: Employment Agreement (Tower Financial Corp)

Regular Compensation. The Company shall pay to the Executive as compensation for his her services and for his her covenants and other obligations hereunder an annual base salary (the "Salary") in the amount of One one hundred forty thousand Dollars dollars ($100,000140,000), payable in accordance with the regular and customary payroll practices of the Company. The Salary may be increased from time to time by action of the CEO/President or the Compensation Committee of the Board of Directors of the Company.

Appears in 1 contract

Samples: Employment Agreement (Tower Financial Corp)

Regular Compensation. The During the first year of the Employment Term, the Company shall pay to the Executive as compensation for his services and for his covenants and other obligations hereunder an annual base a salary (the "Salary") in the amount of One hundred thousand Hundred Fifteen Thousand Dollars ($100,000115,000.00), payable in accordance with the regular and customary payroll practices of the Company. The Salary may be increased from time to time by action of the Compensation Committee of the Board of Directors of the Company.

Appears in 1 contract

Samples: Employment Agreement (Tower Financial Corp)

Regular Compensation. The During the first year of the Employment Term, the Company shall pay to the Executive as compensation for his services and for his covenants and other obligations hereunder an annual base a salary (the "Salary") in the amount of One hundred thousand Hundred Five Thousand Dollars ($100,000105,000.00), payable in accordance with the regular and customary payroll practices of the Company. The Salary may be increased from time to time by action of the Compensation Committee of the Board of Directors of the Company.

Appears in 1 contract

Samples: Employment Agreement (Tower Financial Corp)

Regular Compensation. The During the first year of the Employment Term, the Company shall pay to the Executive as compensation for his services and for his covenants and other obligations hereunder an annual base a salary (the "Salary") in the amount of One hundred thousand Hundred Forty-Five Thousand Dollars ($100,000145,000.00), payable in accordance with the regular and customary payroll practices of the Company. The Salary may be increased from time to time by action of the Compensation Committee of the Board of Directors of the Company.

Appears in 1 contract

Samples: Employment Agreement (Tower Financial Corp)

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Regular Compensation. The Company shall pay to the Executive as compensation for his services and for his covenants and other obligations hereunder an annual base salary (the "Salary") in the amount of One hundred and forty one thousand Dollars dollars ($100,000141,000), payable in accordance with the regular and customary payroll practices of the Company. The Salary may be increased from time to time by action of the Compensation Committee of the Board of Directors of the Company.

Appears in 1 contract

Samples: Employment Agreement (Tower Financial Corp)

Regular Compensation. The Company shall pay to the Executive as compensation for his services and for his covenants and other obligations hereunder an annual base salary (the "Salary") in the amount of One hundred thousand Two Hundred Four Thousand Five Hundred Eighty Dollars ($100,000204,580.00), payable in accordance with the regular and customary payroll practices of the Company. The Salary may be increased from time to time by action of the Compensation Committee of the Board of Directors of the Company.

Appears in 1 contract

Samples: Employment Agreement (Tower Financial Corp)

Regular Compensation. The Company shall pay to the Executive as compensation for his services and for his covenants and other obligations hereunder an annual base salary (the "Salary") in the amount of One hundred and twenty three thousand Dollars one hundred dollars ($100,000123,100), payable in accordance with the regular and customary payroll practices of the Company. The Salary may be increased from time to time by action of the Compensation Committee of the Board of Directors of the Company.

Appears in 1 contract

Samples: Employment Agreement (Tower Financial Corp)

Regular Compensation. The Company shall pay to the Executive as compensation for his services and for his covenants and other obligations hereunder an annual base salary (the "Salary") in the amount of One hundred thousand Two Hundred Fifty Eight Thousand Five Hundred Dollars ($100,000258,500.00), payable in accordance with the regular and customary payroll practices of the Company. The Salary may be increased from time to time by action of the Compensation Committee of the Board of Directors of the Company.

Appears in 1 contract

Samples: Employment Agreement (Tower Financial Corp)

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