Common use of Annualized Base Salary Clause in Contracts

Annualized Base Salary. Executive shall receive an annualized base salary payable in accordance with the Company’s normal payroll practices of $211,750 (gross) for the Initial Period. The Board may, in its sole discretion, increase the Base Salary at any time and may not decrease the Base Salary without Executive’s written consent. Executive Base Salaries are increased in accordance with the Company’s executive compensation review process and subject to approval by the Company’s Compensation and Talent Committee, subject to adjustment only as provided in this Section 5.1.

Appears in 1 contract

Sources: Employment Agreement (Nortech Systems Inc)

Annualized Base Salary. Executive shall receive an annualized base salary payable in accordance with the Company’s normal payroll practices of $211,750 200,000 (gross) for through the Initial Periodfirst anniversary of the Effective Date. The Board may, in its sole discretion, increase the Base Salary at any time and may not decrease the Base Salary without Executive’s written consent. Executive Base Salaries are increased in accordance with the Company’s executive compensation review process and subject to approval by the Company’s Compensation and Talent Committee, subject to adjustment only as provided in this Section 5.1.

Appears in 1 contract

Sources: Employment Agreement (Nortech Systems Inc)

Annualized Base Salary. Executive shall receive an annualized base salary payable in accordance with the Company’s normal payroll practices of $211,750 400,000 (gross) for through the Initial Periodfirst anniversary of the Effective Date. The Board may, in its sole discretion, increase the Base Salary at any time and may not decrease the Base Salary without Executive’s written consent. Executive Base Salaries are increased in accordance with the Company’s executive compensation review process and subject to approval by the Company’s Compensation and Talent Committee, subject to adjustment only as provided in this Section 5.1.

Appears in 1 contract

Sources: Employment Agreement (Nortech Systems Inc)

Annualized Base Salary. Executive shall receive an annualized base salary payable in accordance with the Company’s normal payroll practices of $211,750 215,000 (gross) for the Initial Period. The Board may, in its sole discretion, increase the Base Salary at any time and may not decrease the Base Salary without Executive’s written consent. Executive Base Salaries are increased in accordance with the Company’s executive compensation review process and subject to approval by the Company’s Compensation and Talent Committee, subject to adjustment only as provided in this Section 5.1.

Appears in 1 contract

Sources: Employment Agreement (Nortech Systems Inc)

Annualized Base Salary. Executive shall receive an annualized base salary payable in accordance with the Company’s normal payroll practices of Two Hundred and Fifty Thousand U.S. Dollars, ($211,750 250,000.00) (gross) for the Initial Period. The Board Company may, in its sole discretion, increase the Base Salary at any time and may not decrease the Base Salary without Executive’s written consent. Executive Base Salaries are increased in accordance with the Company’s executive compensation review process and subject to approval by the Company’s Compensation and Talent CommitteeCEO, subject to adjustment only as provided in this Section 5.1.

Appears in 1 contract

Sources: Employment Agreement (Nortech Systems Inc)

Annualized Base Salary. Executive shall receive an annualized base salary payable in accordance with the Company’s normal payroll practices of $211,750 175,000 (gross) for the Initial Period. The Board may, in its sole discretion, increase the Base Salary at any time and may not decrease the Base Salary without Executive’s written consent. Executive Base Salaries are increased in accordance with the Company’s executive compensation review process and subject to approval by the Company’s Compensation and Talent Committee, subject to adjustment only as provided in this Section 5.1.

Appears in 1 contract

Sources: Employment Agreement (Nortech Systems Inc)

Annualized Base Salary. Executive shall receive an annualized base salary payable in accordance with the Company’s normal payroll practices of Three Hundred and Fifteen Thousand U.S. Dollars, ($211,750 315,000.00) (gross) for the Initial Period. The Board Company may, in its sole discretion, increase the Base Salary at any time and may not decrease the Base Salary without Executive’s written consent. Executive Base Salaries are increased in accordance with the Company’s executive compensation review process and subject to approval by the Company’s Compensation and Talent CommitteeCEO, subject to adjustment only as provided in this Section 5.1.

Appears in 1 contract

Sources: Employment Agreement (Nortech Systems Inc)

Annualized Base Salary. Executive shall receive an annualized base salary ("Base Salary") payable in accordance with the Company’s 's normal payroll practices of $211,750 (gross) for 425,000 through the Initial Periodfirst anniversary of the Effective Date. The Board Thereafter, the CEO may, in its sole discretionsubject to the review and approval of the Compensation Committee (the “Compensation Committee”) of the Company’s Board of Directors, increase the Base Salary at any time and may not decrease the Base Salary without Executive’s written consent. Executive Base Salaries are increased in accordance with the Company’s executive compensation review process and subject process, make changes to approval by the Company’s Compensation and Talent Committee, subject to adjustment only as provided in this Section 5.1Base Salary.

Appears in 1 contract

Sources: Employment Agreement (Park Dental Partners, Inc.)

Annualized Base Salary. Executive shall receive an annualized base salary ("Base Salary") payable in accordance with the Company’s 's normal payroll practices of $211,750 (gross) for 602,550 through the Initial Periodfirst anniversary of the Effective Date. The Thereafter, the Board may, in its sole discretion, increase the Base Salary at any time and may not decrease the Base Salary without Executive’s 's written consent. Executive Executive's Base Salaries are Salary is increased in accordance with the Company’s 's executive compensation review process and subject to approval by the Company’s Compensation and Talent Committee's Board, subject to adjustment only as provided in this Section 5.1.

Appears in 1 contract

Sources: Employment Agreement (Park Dental Partners, Inc.)