Reviews and Adjustments. On or about April 27, 2000 and each succeeding April 27 during the term of your employment hereunder, your performance shall be reviewed by the Chief Executive Officer and your attainment of mutually agreed-upon objectives evaluated; your base salary for the ensuing twelve (12) months commencing on such April 27 may be adjusted, subject to approval by the Compensation Committee of the Board of Directors of the Company, in accordance with your level of performance. In no case, however, will any such adjustment to your salary ever be a negative amount unless you expressly agree to such a reduction. C.
Reviews and Adjustments. Your performance shall be reviewed by the President & CEO of the Company each succeeding year consistent with your anniversary date of employment which is September 1, 2001. Your base salary for the ensuing twelve (12) month period may be adjusted, subject to the approval by the Compensation Committee of the Board of Directors of the Company, and the entire Board of Directors, in accordance with your level of performance.
Reviews and Adjustments. As of July 1, 2007 and each succeeding July 1 during the term of your employment hereunder, your performance shall be reviewed by the Board of Directors, your attainment of mutually agreed-upon objectives shall be evaluated, and the base salary payable to you for the twelve (12) months beginning on such July 1 may be adjusted upward (but not downward unless agreed to by you) by the Board of Directors.
Reviews and Adjustments. On or about July 1, 2007 and each succeeding July 1 during the term of your employment hereunder, your performance shall be reviewed by the Independent Directors of the Board of Directors (as the term “Independent Directors” is defined in the Company’s Statement of Principles prepared for the Board of Directors), and your attainment of mutually agreed-upon objectives evaluated. Your base salary for the ensuing twelve (12) months commencing on each such July 1 may be adjusted, subject to approval by the Independent Directors, in accordance with your level of performance. In no case, however, will any such adjustment to your base salary ever be a negative amount unless you expressly agree to such a reduction.
Reviews and Adjustments. Consistent with the anniversary date of your employment, your performance and attainment of mutually agreed-upon objectives shall be evaluated by the President of the Company. As an Executive Officer of the Company your base salary for the ensuing twelve (12) months period may be increased, subject to approval by the Compensation Committee of the Board of Directors of the Company and the Board of Directors of Xxxxxxx Technology Company, Inc., in accordance with your level of performance. In no case, however, will any such adjustment to your salary ever be a negative amount unless you expressly agree to such a reduction.
Reviews and Adjustments. Beginning in 2002, during the month of August, your performance shall be reviewed each year by the Chairman of the Compensation and Stock Option Committee of the Board of Directors of the Company, your attainment of mutually agreed-upon objectives shall be evaluated, and the base salary payable to you for the twelve (12) months beginning on such review date may be adjusted upward (but not downward unless agreed to by you) by the Board of Directors." As so changed by this letter agreement, the Agreement shall remain in full force and effect. Very truly yours, BALDWIN TECHNOLOGY COMPANY, INC. By: ------------------------------- Gerald A. Nathe Xxxxxxxx XXXEED TO AND ACCEPTED: John T. Heald, Jr.
Reviews and Adjustments. On or about November 1, 2005 and each succeeding November 1 during the term of your employment hereunder, your performance shall be reviewed by the Chairman and Chief Executive Officer of the Company and your attainment of mutually agreed-upon objectives evaluated; your base salary for the ensuing twelve (12) months commencing on each such November 1 may be adjusted, subject to approval by the Compensation Committee of the
Reviews and Adjustments. Effective January 1, 2010 your monthly base salary will be increased to one hundred twenty-five thousand SEK (SEK 125,000). Beginning January 1, 2011, the President & CEO of BTI shall review your performance and attainment of mutually agreed-upon objectives each succeeding year consistent with the effective date of January 1st. Your base salary for the ensuing twelve (12) month period may be increased, subject to the approval of the Compensation Committee of the Board of Directors and the Board of Directors of BTI, in accordance with your level of performance as well as the market and business conditions of the Xxxxxxx Group. You agree to waive condition #3 pertaining to the agreement signed on May 25, 2009 regarding the voluntary salary reduction.
Reviews and Adjustments. Your base salary will be reviewed by the Board of Directors of the Company (the "Board of Directors") in November, 2001. On or about March 21, 2002 and each succeeding March 21 during the term of your employment hereunder, your performance shall be reviewed by the Chairman and the Board of Directors, your attainment of mutually agreed-upon objectives shall be evaluated, and the base salary payable to you for the twelve (12) months beginning on such March 21 may be adjusted upward (but not downward) by the Board of Directors.
Reviews and Adjustments. On or about June 18, 2002 and each succeeding June 18 during the term of your employment hereunder, your performance shall be reviewed by the President of the Company and your attainment of mutually agreed-upon objectives evaluated; your base salary for the ensuing twelve (12) months commencing on such June 18 may be adjusted, subject to approval by the Compensation Committee of the Board of Directors of the Company, in accordance with your level of performance. In no case, however, will any such adjustment to your salary ever be a negative amount unless you expressly agree to such a reduction..
