Base Compensation Sample Clauses
The Base Compensation clause defines the fundamental salary or wage that an employee will receive for their work, excluding bonuses, benefits, or other forms of additional compensation. Typically, this clause specifies the amount, frequency of payment (such as weekly, biweekly, or monthly), and the currency in which the compensation will be paid. By clearly outlining the basic pay structure, this clause ensures both parties have a mutual understanding of the employee’s guaranteed earnings, thereby preventing disputes and providing a foundation for calculating other compensation elements.
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Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $76,000 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his salary.
Base Compensation a. For his services as , the Bank agrees to pay Executive an annual base salary at the rate of $ per year, payable in accordance with customary payroll practices.
b. During the term of this Agreement, the Board will review the level of Executive’s base salary at least annually, based upon factors deemed relevant, in order to determine Executive’s base salary through the remaining term of the Agreement.
Base Compensation a. The Company and the Bank agree to pay Executive during the term of this Agreement a base salary at the rate of $__________ per year, payable in accordance with customary payroll practices.
b. The Board shall review annually the rate of Executive's base salary based upon factors they deem relevant, and may maintain or increase his salary, provided that no such action shall reduce the rate of salary below the rate in effect on the Effective Date.
c. In the absence of action by the Board, Executive shall continue to receive salary at the annual rate specified on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.
Base Compensation a. Effective January 1, 2008, the Bank agrees to pay Executive a base salary at the rate of $280,800 per year, payable in accordance with customary payroll practices.
b. The Board shall review annually the rate of Executive’s base salary based upon factors they deem relevant, and may maintain or increase his salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4.
c. In the absence of action by the Board, Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.
Base Compensation. The Executive shall receive an aggregate annual minimum base salary at the rate of Two Hundred Seventeen Thousand Eight Hundred Seventy-eight Dollars ($217,878) payable in installments in accordance with the regular payroll schedule of the Bank. Such base salary shall be subject to review annually commencing in 1997 and shall be maintained or increased during the term hereof in accordance with the Employer's established management compensation policies and plans.
Base Compensation. In consideration of Executive’s full and faithful satisfaction of Executive’s duties under this Agreement, the Company agrees to pay to Executive a base salary in the amount of three hundred fifty thousand dollars ($350,000) per annum (the “Base Compensation”), payable in such installments as the Company pays its similarly placed employees (but not less frequently than each calendar month), subject to customary employee contributions to any health, welfare and/or retirement programs in which Executive is enrolled. The Base Compensation may be increased from time to time at the Company’s sole discretion.
Base Compensation. The Executive shall be paid an aggregate base salary (the "Base Salary") at the rate of $125,000 per annum, less statutory deductions and withholdings. The Base Salary shall be payable in a manner consistent with the normal payroll practices of the Company as in effect from time to time. The Base Salary shall be reviewed annually by the Compensation Committee of the Board (the "Committee").
Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $ 276,000 per annum, payable in cash not less frequently than monthly. Additionally, the Board shall review, not less often than annually, the rate of the Executive’s salary and may decide to further increase his salary.
Base Compensation. The Company shall pay Employee as compensation for Employee’s services hereunder an annual base salary of $210,000. Such salary shall be subject to applicable tax withholding and shall be paid periodically in accordance with normal Company payroll practices. The base salary shall be subject to annual review by the CEO and the Compensation Committee of the Board but in no event shall be less than $210,000.
Base Compensation. For all services rendered by Employee under this Employee Agreement, the Company agrees to pay Employee the rate of $200,000 per year (the “base salary”), which shall be payable to Employee not less frequently than bi-monthly, or as is consistent with the Company’s practice for its other employees.