Salary Review. The Salary payable to Executive for each Fiscal Year commencing after December 31, 1996 shall be subject to annual review by the Board. The Salary level in effect for Executive for each Fiscal Year during the Employment Period shall not be less than the greater of (i) Three Hundred Thousand Dollars ($300,000.00) or (ii) the Salary level most recently determined by the Board pursuant to this Section 2.2.2. Executive understands that the requirement of annual review by the Board shall not be construed in any manner as an express or implied agreement by Bromar to raise his Salary.
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Samples: Employment Contract (Richmont Marketing Specialists Inc)
Salary Review. The Salary payable to Executive for each Fiscal ------------- Year commencing after December 311, 1996 shall be subject to annual review by the Board. The Salary level in effect for Executive for each Fiscal Year during the Employment Period shall not be less than the greater of (i) Three Two Hundred Fifty ------- Thousand Dollars ($300,000.00250,000) or (ii) the Salary level most recently determined by the Board pursuant to this Section 2.2.2. Executive understands that the requirement of annual review by the Board shall not be construed in any manner as an express or implied agreement by Bromar CPC to raise his Salary.
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Salary Review. The Salary payable to Executive for each Fiscal ------------- Year commencing after December 311, 1996 shall be subject to annual review by the Board. The Salary level in effect for Executive for each Fiscal Year during the Employment Period shall not be less than the greater of (i) Three Hundred ------- Thousand Dollars ($300,000.00300,000) or (ii) the Salary level most recently determined by the Board pursuant to this Section 2.2.2. Executive understands that the requirement of annual review by the Board shall not be construed in any manner as an express or implied agreement by Bromar CPC to raise his her Salary.
Appears in 1 contract
Salary Review. The Salary payable to Executive for each Fiscal ------------- Year commencing after December 311, 1996 shall be subject to annual review by the Board. The Salary level in effect for Executive for each Fiscal Year during the Employment Period shall not be less than the greater of (i) Three Two Hundred Fifty ------- Thousand Dollars ($300,000.00250,000) or (ii) the Salary level most recently determined by the Board pursuant to this Section 2.2.2. Executive understands that the requirement of annual review by the Board shall not be construed in any manner as an express or implied agreement by Bromar CPC to raise his her Salary.
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Salary Review. The Salary payable to Executive for each Fiscal ------------- Year commencing after December 311, 1996 shall be subject to annual review by the Board. The Salary level in effect for Executive for each Fiscal Year during the Employment Period shall not be less than the greater of (i) Three Four Hundred ------- Thousand Dollars ($300,000.00400,000) or (ii) the Salary level most recently determined by the Board pursuant to this Section 2.2.2. Executive understands that the requirement of annual review by the Board shall not be construed in any manner as an express or implied agreement by Bromar CPC to raise his Salary.
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