Common use of Base Salary Reduction Clause in Contracts

Base Salary Reduction. Effective January 4, 2009, Executive’s base salary in effect as of December 31, 2008 shall be reduced by five percent (5%) (the “2009 5% Base Salary Reduction”).

Appears in 3 contracts

Sources: Employment Agreement (WHX Corp), Employment Agreement (WHX Corp), Employment Agreement (WHX Corp)

Base Salary Reduction. Effective January 4, 2009, Executive’s 's base salary in effect as of December 31, 2008 shall be reduced by five percent (5%) (the “2009 5% Base Salary Reduction”).

Appears in 1 contract

Sources: Employment Agreement (Steel Partners Holdings L.P.)