Common use of Salary and Bonus Clause in Contracts

Salary and Bonus. (a) During the Term, the Company shall pay to Executive a base salary at the rate of $449,400 per year (the “Base Salary”). The Base Salary shall be payable to Executive in substantially equal installments in accordance with the Company’s normal payroll practices. The Board will review the Base Salary annually, and may, in its reasonable discretion, adjust the Base Salary upward but not downward.

Appears in 2 contracts

Samples: Employment Agreement (Loar Holdings Inc.), Employment Agreement (Loar Holdings, LLC)

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Salary and Bonus. (a) During the Term, the Company shall pay to Executive a base salary at the rate of $449,400 403,200 per year (the “Base Salary”). The Base Salary shall be payable to Executive in substantially equal installments in accordance with the Company’s normal payroll practices. The Board will review the Base Salary annually, and may, in its reasonable discretion, adjust the Base Salary upward but not downward.

Appears in 2 contracts

Samples: Employment Agreement (Loar Holdings Inc.), Employment Agreement (Loar Holdings, LLC)

Salary and Bonus. (a) During the Term, the Company shall pay to Executive a base salary at the rate of $449,400 950,000 per year (the “Base Salary”). The Base Salary shall be payable to Executive in substantially equal installments in accordance with the Company’s normal payroll practices. The Board will review the Base Salary annually, and may, in its reasonable discretion, adjust the Base Salary upward but not downward.

Appears in 2 contracts

Samples: Employment Agreement (Loar Holdings Inc.), Employment Agreement (Loar Holdings, LLC)

Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary at the rate of $449,400 625,000 per year year. Commencing on or before the first anniversary of the Effective Date, the Board shall review the base salary annually and may increase such amount from time to time as it may deem advisable (such salary, as the same may be increased, the "Base Salary"). The Base Salary shall be payable to the Executive in substantially equal installments in accordance with the Company’s 's normal payroll practices. The Board will review the Base Salary annually, and may, in its reasonable discretion, adjust the Base Salary upward but not downward.

Appears in 2 contracts

Samples: Employment Agreement (Iasis Healthcare Corp), Employment Agreement (Iasis Healthcare Corp)

Salary and Bonus. (a) During the Term, the Company shall pay to Executive a base salary at the rate of $449,400 750,000 per year (the “Base Salary”). The Base Salary shall be payable to Executive in substantially equal installments in accordance with the Company’s normal payroll practices. The Board will review the Base Salary annually, and may, in its reasonable discretion, adjust the Base Salary upward but not downward.

Appears in 2 contracts

Samples: Employment Agreement (Loar Holdings Inc.), Employment Agreement (Loar Holdings, LLC)

Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary at the rate of $449,400 _______ per year year. Commencing on or before the first anniversary of the Effective Date, the Company Board shall review the base salary annually and may increase such amount from time to time as it may deem advisable (such salary, as the same may be increased, the "Base Salary"). The Base Salary shall be payable to the Executive in substantially equal installments in accordance with the Company’s 's normal payroll practices. The Board will review the Base Salary annually, and may, in its reasonable discretion, adjust the Base Salary upward but not downward.

Appears in 1 contract

Samples: Employment Agreement (Iasis Healthcare Corp)

Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary at the rate of Four Hundred Sixty Eight Thousand Dollars ($449,400 468,000.00) per year year. Commencing on or before the first anniversary of the Effective Date, the Board shall review the base salary annually and may increase such amount from time to time as it may deem advisable, (such salary, as the same may be increased, the “Base Salary”). The Base Salary shall be payable to the Executive in substantially equal installments in accordance with the Company’s normal payroll practices. The Board will review the Base Salary annually, and may, in its reasonable discretion, adjust the Base Salary upward but not downward.

Appears in 1 contract

Samples: Employment Agreement (IASIS Healthcare LLC)

Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary at the rate of $449,400 510,000 per year year. Commencing on or before the first anniversary of the Effective Date, the Company Board shall review the base salary annually and may increase such amount from time to time as it may deem advisable (such salary, as the same may be increased, the "Base Salary"). The Base Salary shall be payable to the Executive in substantially equal installments in accordance with the Company’s 's normal payroll practices. The Board will review the Base Salary annually, and may, in its reasonable discretion, adjust the Base Salary upward but not downward.

Appears in 1 contract

Samples: Employment Agreement (Iasis Healthcare Corp)

Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary Base Salary at the rate of $449,400 175,000.00 per year (year. Commencing on the first anniversary of the Effective Date, the Company Board shall review the Base Salary”)Salary annually and shall make such adjustments from time to time as it may deem advisable. The Base Salary shall be payable to the Executive in substantially equal installments in accordance with the Company’s 's normal payroll practices. The Board will review the Base Salary annually, and may, in its reasonable discretion, adjust the Base Salary upward but not downward.

Appears in 1 contract

Samples: Employment Agreement (Motor Coach Industries International Inc)

Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary at the rate of $449,400 600,000 per year year. Commencing on the first anniversary of the Effective Date and annually thereafter, the Company Board shall review the base salary and may increase such amount from time to time as it may deem advisable (such salary, as the same may be increased, the "Base Salary"). In no event shall the Base Salary be decreased during the Term. The Base Salary shall be payable pay able to the Executive in substantially equal installments in accordance with the Company’s 's normal payroll practices. The Board will review the Base Salary annually, and may, in its reasonable discretion, adjust the Base Salary upward but not downward.

Appears in 1 contract

Samples: Employment Agreement (Motor Coach Industries International Inc)

Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary (the "Base Salary") at the rate of $449,400 400,000 per year (year. The Compensation Committee of the Board shall review the Base Salary”)Salary periodically, but not less frequently than annually, and may, in its discretion, adjust the Executive's Base Salary in accordance with the Company's salary administration practices. The Base Salary shall be payable to the Executive in substantially equal installments in accordance with the Company’s 's normal payroll practices. The Board will review the Base Salary annually, and may, in its reasonable discretion, adjust the Base Salary upward but not downward.

Appears in 1 contract

Samples: Employment Agreement (Fairfield Manufacturing Co Inc)

Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary at the rate of Four Hundred Sixty Eight Thousand Dollars ($449,400 468,000.00) per year year. Commencing on or before the first anniversary of the Effective Date, the Board shall review the base salary annually and may increase such amount from time to time as it may deem advisable, (such salary, as the same may be increased, the "Base Salary"). The Base Salary shall be payable to the Executive in substantially equal installments in accordance with the Company’s 's normal payroll practices. The Board will review the Base Salary annually, and may, in its reasonable discretion, adjust the Base Salary upward but not downward.

Appears in 1 contract

Samples: Employment Agreement (Biltmore Surgery Center Holdings Inc)

Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary at the rate of Three Hundred Eighty Thousand and No/100 ($449,400 380,000.00) per year year. Commencing on or before the first anniversary of the Effective Date, the Company Board shall review the base salary annually and may increase such amount from time to time as it may deem advisable, (such salary, as the same may be increased, the "Base Salary"). The Base Salary shall be payable to the Executive in substantially equal installments in accordance with the Company’s 's normal payroll practices. The Board will review the Base Salary annually, and may, in its reasonable discretion, adjust the Base Salary upward but not downward.

Appears in 1 contract

Samples: Employment Agreement (Iasis Healthcare Corp)

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Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary at the rate of $449,400 380,000 per year year. Commencing on or before the first anniversary of the Effective Date, the Company Board shall review the base salary annually and may increase such amount from time to time as it may deem advisable, (such salary, as the same may be increased, the "Base Salary"). The Base Salary shall be payable to the Executive in substantially equal installments in accordance with the Company’s 's normal payroll practices. The Board will review the Base Salary annually, and may, in its reasonable discretion, adjust the Base Salary upward but not downward.

Appears in 1 contract

Samples: Employment Agreement (Iasis Healthcare Corp)

Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary at the rate of $449,400 700,000 per year year. Commencing on or before the first anniversary of the Effective Date, the Board shall review the base salary annually and may increase such amount from time to time as it may deem advisable (such salary, as the same may be increased, the "Base Salary"). The Base Salary shall be payable to the Executive in substantially equal installments in accordance with the Company’s 's normal payroll practices. The Board will review the Base Salary annually, and may, in its reasonable discretion, adjust the Base Salary upward but not downward.

Appears in 1 contract

Samples: Employment Agreement (Biltmore Surgery Center Holdings Inc)

Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary at the rate of Four Hundred Seventeen Thousand Two Hundred Dollars ($449,400 417,200.00) per year year. Commencing on or before the first anniversary of the Effective Date, the Board shall review the base salary annually and may increase such amount from time to time as it may deem advisable, (such salary, as the same may be increased, the "Base Salary"). The Base Salary shall be payable to the Executive in substantially equal installments in accordance with the Company’s 's normal payroll practices. The Board will review the Base Salary annually, and may, in its reasonable discretion, adjust the Base Salary upward but not downward.

Appears in 1 contract

Samples: Employment Agreement (Biltmore Surgery Center Holdings Inc)

Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary at the rate of $449,400 350,000 per year year. Commencing on or before the first anniversary of the Effective Date, the Company Board shall review the base salary annually and may increase such amount from time to time as it may deem advisable (such salary, as the same may be increased, the "Base Salary"). The Base Salary shall be payable to the Executive in substantially equal installments in accordance with the Company’s 's normal payroll practices. The Board will review the Base Salary annually, and may, in its reasonable discretion, adjust the Base Salary upward but not downward.

Appears in 1 contract

Samples: Employment Agreement (Iasis Healthcare Corp)

Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary Base Salary at the rate of $449,400 325,000.00 per year (year. Commencing on the first anniversary of the Effective Date, the Company Board shall review the Base Salary”)Salary annually and shall make such adjustments from time to time as it may deem advisable. The Base Salary shall be payable to the Executive in substantially equal installments in accordance accord-ance with the Company’s 's normal payroll practices. The Board will review the Base Salary annually, and may, in its reasonable discretion, adjust the Base Salary upward but not downward.

Appears in 1 contract

Samples: Employment Agreement (Motor Coach Industries International Inc)

Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary at the rate of $449,400 500,000 per year year. Commencing on or before the first anniversary of the Effective Date, the Compensation Committee of the Company Board (the "Compensation Committee") shall review the base salary annually and may increase (but not decrease) such amount from time to time as it may deem advisable (such salary, as the same may be increased, the "Base Salary"). The Base Salary shall be payable to the Executive in substantially equal installments in accordance with the Company’s 's normal payroll practices. The Board will review the Base Salary annually, and may, in its reasonable discretion, adjust the Base Salary upward but not downward.

Appears in 1 contract

Samples: Employment Agreement (Phycor Inc /Tn/)

Salary and Bonus. (a) During the Term, the Company shall pay to the Executive a base salary Base Salary at the rate of $449,400 250,000.00 per year (year. Commencing on the first anniversary of the Effective Date, the Company Board shall review the Base Salary”)Salary annually and shall make such adjustments from time to time as it may deem advisable. The Base Salary shall be payable to the Executive in substantially equal installments in accordance with the Company’s 's normal payroll practices. The Board will review the Base Salary annually, and may, in its reasonable discretion, adjust the Base Salary upward but not downward.

Appears in 1 contract

Samples: Employment Agreement (Motor Coach Industries International Inc)

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