Base Salary. During the Term, Company shall pay to Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”). As used in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary shall be payable in accordance with the customary payroll practices of Company.
Appears in 4 contracts
Sources: Employment Agreement, Employment Agreement (Motus GI Holdings, Inc.), Employment Agreement (Motus GI Holdings, Inc.)
Base Salary. During the Term, the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the initial rate option of $295,000 on an annualized basis the Compensation Committee of the board of directors of the Company (the “Compensation Committee”), subject to increase (such salary, as the same may be increased from time to time as aforesaid, being referred to herein as the “Base Salary”). As used in this Agreement, the term “Base Salary” shall refer to The Base Salary as may shall be adjusted from time to time reviewed on an annual basis for increases in accordance with the consent review process for senior level executives of the Company and the ExecutiveCompany. The Base Salary shall be payable in accordance with the customary Company’s normal payroll practices of Companypractices.
Appears in 4 contracts
Sources: Employment Agreement (Covetrus, Inc.), Employment Agreement (Covetrus, Inc.), Employment Agreement (HS Spinco, Inc.)
Base Salary. During the Term, the Company shall will pay to Executive a base salary at the initial rate of $295,000 on an annualized basis 291,750 per annum, less customary withholdings and deductions (the “Base Salary”). As used in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary shall be ) payable in accordance with the customary payroll practices procedures for the Company’s salaried employees in effect during the Term. Beginning in January 2007 and annually thereafter, the Base Salary shall be subject to annual review and possible increase by the Board of CompanyDirectors, but it shall not be decreased during the Term of this Agreement.
Appears in 4 contracts
Sources: Employment Agreement (TNS Inc), Employment Agreement (TNS Inc), Employment Agreement (TNS Inc)
Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary at the initial annual rate of $295,000 on an annualized basis 321,000 (the “Base Salary”). As used , payable in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time regular installments in accordance with the consent of the Company and the ExecutiveCompany’s customary payment practices. The Base Salary shall be payable in accordance with subject to annual review by the customary payroll practices Board or the Compensation Committee (or similar committee) of Companythe Company whereupon the Base Salary may be increased (but not decreased) at their sole discretion.
Appears in 4 contracts
Sources: Employment Agreement, Employment Agreement (Exela Technologies, Inc.), Employment Agreement (Banctec Inc)
Base Salary. During the TermEmployment Period, the Company shall pay to the Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”). As used in this Agreement) at an initial annualized rate of $200,000 per year, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary shall be payable in accordance with the customary Company’s regular payroll practices of Companyrelating to salaried employees. The Supervisor may review the Base Salary from year to year and may approve an increase in the Base Salary as the Supervisor deems appropriate.
Appears in 4 contracts
Sources: Employment Agreement (Laird Superfood, Inc.), Employment Agreement (Laird Superfood, Inc.), Employment Agreement (Laird Superfood, Inc.)
Base Salary. During In consideration of the Termservices to be rendered as provided in Section 1, the Company shall hereby agrees to pay to the Executive a an annual base salary at the initial rate of $295,000 on an annualized basis 240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”). As used in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the The Executive. 's Base Salary shall be payable in accordance with subject to annual review by the customary payroll practices Board of CompanyDirectors of the Company (the “BOD”).
Appears in 4 contracts
Sources: Employment Agreement (Voiceserve Inc), Employment Agreement (Voiceserve Inc), Employment Agreement (Voiceserve Inc)
Base Salary. During the Term, the Company shall pay to the Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”)) at the rate of no less than $400,000.00 per calendar year, less applicable deductions. As used The Base Salary shall be reviewed for increase by the Board no less frequently than annually and shall be increased in this Agreement, the term discretion of the Board and any such adjusted Base Salary shall constitute the “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent for purposes of the Company and the Executivethis Agreement. The Base Salary shall be payable paid in substantially equal installments in accordance with the customary Company’s regular payroll practices of Companyprocedures.
Appears in 3 contracts
Sources: Employment Agreement (Masonite International Corp), Employment Agreement (Masonite International Corp), Employment Agreement (Masonite International Corp)
Base Salary. During the TermEmployment Period, the Company shall pay to the Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”). As used in this Agreement) at an initial annualized rate of $250,000 per year, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary shall be payable in accordance with the customary Company’s regular payroll practices of Companyrelating to salaried employees. The Supervisor may review the Base Salary from year to year and may approve an increase in the Base Salary as the Supervisor deems appropriate.
Appears in 3 contracts
Sources: Employment Agreement (Taronis Fuels, Inc.), Employment Agreement (Laird Superfood, Inc.), Employment Agreement (Laird Superfood, Inc.)
Base Salary. During the TermEmployment Period, the Company shall pay to the Executive a base salary at the initial rate of $295,000 on an annualized basis 1,500,000 per annum (the “Base Salary”). As used , payable semi-monthly in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time accordance with the consent of the Company and the ExecutiveCompany’s executive payroll policy. Such Base Salary shall be payable in accordance with reviewed annually on the customary payroll practices Company’s regular executive salary review schedule, and shall be subject to adjustment at the discretion of Companythe Board.
Appears in 3 contracts
Sources: Employment Agreement (Aon PLC), Employment Agreement (Aon Corp), Employment Agreement (Aon Corp)
Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary at the initial annual rate of $295,000 on an annualized basis 258,000 (the “Base Salary”). As used , payable in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time regular installments in accordance with the consent of the Company and the ExecutiveCompany’s customary payment practices. The Base Salary shall be payable in accordance with subject to annual review by the customary payroll practices Board or the Compensation Committee (or similar committee) of Companythe Company whereupon the Base Salary may be increased (but not decreased) at their sole discretion.
Appears in 3 contracts
Sources: Employment Agreement, Employment Agreement (Exela Technologies, Inc.), Employment Agreement (Banctec Inc)
Base Salary. During the Employment Term, the Company shall pay to the Executive a annual base salary (the "Base Salary") at the initial annual rate no less than the rate of $295,000 on an annualized basis (the “Base Salary”). As used base salary in this Agreement, the term “Base Salary” shall refer to Base Salary effect as may be adjusted from time to time with the consent of the Company and the ExecutiveEffective Date. Base Salary shall be payable in regular installments in accordance with the customary Company's usual payroll practices practices. The Management Compensation Committee of Companythe Board (the "Compensation Committee") shall review Base Salary for the purpose of increasing it in accordance with its normal review procedures.
Appears in 3 contracts
Sources: Employment Agreement (Nasdaq Stock Market Inc), Employment Agreement (Nasdaq Stock Market Inc), Employment Agreement (Nasdaq Stock Market Inc)
Base Salary. During the Term, the Company shall pay to the Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”). As used in this Agreement, at the term “Base Salary” shall refer to Base Salary annual rate of $350,000, as the same may be adjusted from time increased by the Board thereafter pursuant to time with the consent of the Company and the Executive. Base Salary Company’s normal practices for its executives, which shall be payable paid in installments in accordance with the customary Company’s normal payroll practices of Companypractices.
Appears in 3 contracts
Sources: Employment Agreement (NewLake Capital Partners, Inc.), Employment Agreement (NewLake Capital Partners, Inc.), Employment Agreement (NewLake Capital Partners, Inc.)
Base Salary. During the Employment Term, the Company shall pay to Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”)) at the annual rate of $1,021,199.82, payable in regular installments in accordance with the Company’s usual payment practices. As used in this Agreement, the term “Base Salary” shall refer to Executive’s Base Salary shall be subject to annual review and subject to increase, if any, as may be adjusted determined from time to time with in the consent sole discretion of the Board, but in no event shall the Company and the be entitled to reduce Executive. ’s Base Salary shall be payable in accordance with the customary payroll practices of CompanySalary.
Appears in 3 contracts
Sources: Employment Agreement (Ap Al LLC), Employment Agreement (APX Group Holdings, Inc.), Employment Agreement (APX Group Holdings, Inc.)
Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary at the initial rate of $295,000 on an annualized basis 240,000 per annum (the “Base Salary”). As used , in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time periodic installments in accordance with the consent of the Company Company’s customary payroll practices and the Executiveapplicable wage payment laws, but no less frequently than monthly. The Base Salary shall be payable in accordance with reviewed at least annually by the customary payroll practices of CompanyBoard and the Board may, but shall not be required to, increase the base salary during the Employment Term.
Appears in 3 contracts
Sources: Employment Agreement (Classover Holdings, Inc.), Employment Agreement (Classover Holdings, Inc.), Employment Agreement (Classover Holdings, Inc.)
Base Salary. During the TermEmployment Period, the Company shall pay to the Executive a base salary at the initial an annual rate of equal to $295,000 on an annualized basis 1,000,000 (the “Base Salary”). As used , payable in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time regular installments in accordance with the consent of the Company and the Executive. Company’s usual payroll practices; provided, however, that Base Salary shall be payable in accordance with reviewed for discretionary increases by the customary payroll practices Board or the Compensation Committee thereof no less often than annually commencing no later than the first anniversary of Companythe Effective Date.
Appears in 3 contracts
Sources: Employment Agreement (LEM America, Inc), Employment Agreement (LEM America, Inc), Employment Agreement (WMG Acquisition Corp)
Base Salary. During the Employment Term, the Company shall pay to Executive a base salary at the initial annual rate of not less than $295,000 on an annualized basis (the “Base Salary”). As used in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive330,000. Base Salary salary shall be payable in accordance with the customary usual payroll practices of the Company. Executive’s base salary shall be subject to annual review by the Board or the Compensation Committee during the Employment Term and may be increased, but not decreased, from time to time by the Board or the Compensation Committee. The base salary as determined as aforesaid from time to time shall constitute “Base Salary” for purposes of this Agreement.
Appears in 3 contracts
Sources: Employment Agreement (Priceline Group Inc.), Employment Agreement (Priceline Com Inc), Employment Agreement (Priceline Com Inc)
Base Salary. During the Employment Term, in full consideration of the performance by the Executive of the Executive’s obligations hereunder (including any services as an officer, director, employee, or member of any committee of any affiliate of the Company, or otherwise on behalf of the Company), the Executive shall receive from the Company shall pay to Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”). As used in this Agreement) at an annual rate of $600,000 per year, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary shall be payable in accordance with the customary normal payroll practices of Companythe Company then in effect.
Appears in 3 contracts
Sources: Employment Agreement (Third Point Reinsurance Ltd.), Employment Agreement (Third Point Reinsurance Ltd.), Employment Agreement (Third Point Reinsurance Ltd.)
Base Salary. During the Term, the Company shall pay to Executive a base salary at the initial rate of $295,000 on an annualized basis (as may be adjusted, the “Base Salary”). As used ) at the annual rate of $500,000 payable in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary shall be payable regular installments in accordance with the customary payroll practices of CompanyPolicies. The Board shall review the Base Salary annually.
Appears in 2 contracts
Sources: Employment Agreement (Meta Materials Inc.), Employment Agreement (Meta Materials Inc.)
Base Salary. During the Term, The Company shall pay to the Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”). As used in this Agreement, ) during the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent period of the Company and the Executive’s employment hereunder, which shall be Four Hundred Thousand Dollars ($400,000.00) per annum. The Base Salary shall be payable paid in accordance with the customary Company’s standard payroll practices of Companypractices. The Base Salary shall be reviewed for possible increase on an annual basis and shall not be decreased during the Term.
Appears in 2 contracts
Sources: Employment Agreement (Avangrid, Inc.), Employment Agreement (Avangrid, Inc.)
Base Salary. During the Term, the Company shall pay to the Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”). As used , at the annual rate of $445,050, which shall be paid in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time installments in accordance with the consent of the Company and the Company’s normal payroll practices. The Executive. ’s Base Salary shall be payable in accordance with reviewed annually by the customary payroll practices Compensation Committee (the “Compensation Committee”) of Companythe Board of Directors (the “Parent Board”) of enGene Holdings Inc. (“Parent”), and may be increased, but not decreased.
Appears in 2 contracts
Sources: Employment Agreement (enGene Holdings Inc.), Employment Agreement (enGene Holdings Inc.)
Base Salary. During the Term, Company the Employer shall pay to the Executive a an annual base salary at the initial rate of $295,000 on an annualized basis 250,000.00 payable in accordance with the Employer’s customary payroll procedures (the “Base Salary”). As used in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. The Base Salary shall be reviewed on an annual basis by the CEO. All compensation payable in accordance with to the customary Executive from the Employer or its affiliates shall be subject to all applicable withholding taxes, normal payroll practices withholding and any other amounts required by law or the terms of Companyany applicable benefit plan or program to be withheld.
Appears in 2 contracts
Sources: Employment Agreement (Selway Capital Acquisition Corp.), Employment Agreement (Selway Capital Acquisition Corp.)
Base Salary. During the Term, Company shall pay to Executive a an annual base salary (the `Base Salary') at the initial annual rate of $295,000 on an annualized basis (230,000, payable in equal monthly installments or otherwise in accordance with the “Base Salary”). As used in this Agreement, payroll and personnel practices of the term “Base Salary” shall refer to Base Salary as may be adjusted Company from time to time with the consent of the Company and the Executivetime. Base Salary shall be payable reviewed annually by the Board or a committee thereof to which the Board may from time to time have delegated such authority (the `Committee') for possible increase (but not decrease) in accordance with the customary payroll practices sole discretion of Companythe Board or the Committee, as the case may be.
Appears in 2 contracts
Sources: Employment Agreement (R H Donnelley Corp), Employment Agreement (Donnelley R H Inc)
Base Salary. The Company shall pay Executive a base salary (“Base Salary”) at the rate of $275,000.00 per annum (less applicable deductions and withholdings), payable in periodic payments in accordance with the Company’s normal payroll practices. During the Term, Company Executive’s compensation shall pay be reviewed by the Board from time to Executive a base salary time and at least once every 12 months. Any increase or decrease in Base Salary (together with the initial rate of $295,000 on an annualized basis (then existing Base Salary) shall serve as the “Base Salary”). As used in ” under this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary shall be payable in accordance with the customary payroll practices of Company.
Appears in 2 contracts
Sources: Executive Employment Agreement (Akebia Therapeutics, Inc.), Executive Employment Agreement (Akebia Therapeutics, Inc.)
Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary salary, payable in equal installments in accordance with Company payroll procedures, at the initial an annual rate of $295,000 on an annualized basis (350,000, subject to annual review by the “Base Salary”). As used in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary shall be payable in accordance with the customary payroll practices of CompanyBoard.
Appears in 2 contracts
Sources: Employment Agreement (Hillman Companies Inc), Employment Agreement (Hillman Companies Inc)
Base Salary. During the Term, The Company shall pay to the Executive a the base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”). As used ) at the annualized rate of $240,000, which shall be subject to customary withholdings and authorized deductions and shall be payable in this Agreement, equal installments in accordance with the term “Base Salary” shall refer to Base Salary as may be adjusted Company’s customary payroll practices in place from time to time with the consent of the Company and the time. The Executive. ’s Base Salary shall be payable in accordance with the customary payroll practices of Companysubject to review on at least an annual basis.
Appears in 2 contracts
Sources: Employment Agreement (Corbus Pharmaceuticals Holdings, Inc.), Employment Agreement (Corbus Pharmaceuticals Holdings, Inc.)
Base Salary. During the Employment Term, the Company shall pay to Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”). As used ) at the annual rate of $200,000, payable in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary shall be payable regular installments in accordance with the customary payroll practices Company’s usual payment practices. Executive shall be entitled to annual reviews and increases in Executive’s Base Salary, if any, as may be determined in the sole discretion of Companythe Board.
Appears in 2 contracts
Sources: Employment Agreement (Elastomers Holdings LLC), Employment Agreement (Kraton Polymers LLC)
Base Salary. During the Term, the Company shall pay to the Executive a an annual base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”). As used in this Agreement) of at least $358,829, less applicable and authorized deductions, subject to review annually for appropriate increases by the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with Chief Executive Officer and the consent Board of Directors of the Company and (the Executive“Board”) pursuant to the normal performance review policy for senior level executives. The Base Salary shall be payable in accordance with the customary Company’s payroll practices of Companyschedule.
Appears in 2 contracts
Sources: Employment Agreement (Valeritas Holdings Inc.), Employment Agreement (Valeritas Inc)
Base Salary. During the Employment Term, the Company shall pay to Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”)) at the annual rate of $1,021,200, payable in regular installments in accordance with the Company’s usual payment practices. As used in this Agreement, the term “Base Salary” shall refer to Executive’s Base Salary shall be subject to annual review and subject to increase, if any, as may be adjusted determined from time to time with in the consent sole discretion of the Board or the Compensation Committee of the Board, but in no event shall the Company and the reduce Executive. ’s Base Salary shall be payable in accordance with the customary payroll practices of CompanySalary.
Appears in 2 contracts
Sources: Employment Agreement (Vivint Smart Home, Inc.), Employment Agreement (Vivint Smart Home, Inc.)
Base Salary. During the Employment Term, the Company shall pay to Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”)) at the annual rate of $515,000, payable in regular installments in accordance with the Company’s usual payment practices. As used in this Agreement, the term “Base Salary” shall refer to Executive’s Base Salary shall be subject to annual review and subject to increase, if any, as may be adjusted determined from time to time with in the consent sole discretion of the Board or the Compensation Committee of any direct or indirect parent of the Company, but in no event shall the Company and the be entitled to reduce Executive. ’s Base Salary shall be payable in accordance with the customary payroll practices of CompanySalary.
Appears in 2 contracts
Sources: Employment Agreement (APX Group Holdings, Inc.), Employment Agreement (APX Group Holdings, Inc.)
Base Salary. During the Term, the Company shall will pay to Executive a base salary at in the initial rate amount of $295,000 on an annualized basis 635,000 per annum (the “Base Salary”), payable in such installments as the Company pays other similarly-situated officers of the Company. As used in this Agreement, the term “Base Salary” shall refer to The Base Salary as will be annually reviewed and may be adjusted from time to time with increased (but not decreased) by the consent Compensation Committee of the Company and Board (the Executive. Base Salary shall be payable in accordance with “Compensation Committee”) during the customary payroll practices of CompanyTerm.
Appears in 2 contracts
Sources: Employment Agreement (Social Leverage Acquisition Corp I), Employment Agreement (Social Leverage Acquisition Corp I)
Base Salary. During the Term, the Company shall pay to Executive a base salary at the initial annual rate of not less than $295,000 on an annualized basis (the “Base Salary”). As used in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive230,000. Base Salary salary shall be payable in accordance with the customary usual payroll practices of the Company. Executive's base salary shall be subject to annual review by the Board or the Company's Compensation Committee ("Compensation Committee) during the Term and may be increased, but not decreased, from time to time by the Board or the Compensation Committee. The base salary as determined as aforesaid from time to time shall constitute "Base Salary" for purposes of this Agreement.
Appears in 2 contracts
Sources: Employment Agreement (Modtech Holdings Inc), Employment Agreement (Modtech Holdings Inc)
Base Salary. During the Employment Term, the Company shall pay (or cause to be paid) to Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”)) at the annual rate of $270,400, payable in regular installments in accordance with the usual payment practices of the Company Group. As used in this Agreement, the term “Base Salary” shall refer to Executive’s Base Salary shall be subject to annual review and subject to increase, but not decrease, as may be adjusted determined from time to time with in the consent sole discretion of the Company and the Executive. Base Salary shall be payable in accordance with the customary payroll practices of CompanyBoard.
Appears in 2 contracts
Sources: Employment Agreement (Expion360 Inc.), Employment Agreement (Expion360 Inc.)
Base Salary. During the TermEmployment Period, the Company shall pay Executive an annual base salary of $325,000 per year, which shall be paid to Executive a in accordance with the Company’s standard payroll practices, as in effect from time to time (such base salary at salary, as may be increased pursuant to the initial rate of $295,000 on an annualized basis (following sentence, the “Base Salary”). As used in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. The Base Salary shall be payable reviewed annually for increase as determined by the Board or the Compensation Committee thereof in accordance with the customary payroll practices of Companyits sole discretion.
Appears in 2 contracts
Sources: Employment Agreement (Chanticleer Holdings, Inc.), Employment Agreement (Chanticleer Holdings, Inc.)
Base Salary. During the TermEmployment Period, the Company shall pay to Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”). As used ) set at $275,000 per year for calendar year 2007 and subject thereafter to annual review and increase (but not decrease) in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent sole discretion of the Company and the ExecutiveCommittee. The Base Salary shall be payable in accordance with the customary Company’s normal payroll practices procedures applicable to senior executives of the Company, as in effect from time to time.
Appears in 2 contracts
Sources: Employment Agreement (On Assignment Inc), Employment Agreement (On Assignment Inc)
Base Salary. During the Employment Term, and as of the Restatement Date, the Company shall pay to Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”). As used ) at the annual rate of $425,000, payable in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary shall be payable regular installments in accordance with the customary payroll practices Company’s usual payment practices. Executive shall be entitled to annual reviews and increases in Executive’s Base Salary, if any, as may be determined in the sole discretion of Companythe board of directors of KRATON (the “Board”).
Appears in 2 contracts
Sources: Employment Agreement (Polymer Holdings LLC), Employment Agreement (Kraton Polymers LLC)
Base Salary. During the Employment Term, the Company shall pay to Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”)) at the annual rate of $350,000, payable in regular installments in accordance with the Company’s usual payment practices. As used in this Agreement, the term “Base Salary” shall refer to Executive’s Base Salary shall be subject to annual review and subject to increase, as may be adjusted determined from time to time with in the consent sole discretion of the Company and the Executive. Base Salary shall be payable in accordance with the customary payroll practices of CompanyCEO.
Appears in 2 contracts
Sources: Employment Agreement (Vivint Solar, Inc.), Employment Agreement (Vivint Solar, Inc.)
Base Salary. During the Employment Term, the Company shall pay to Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”)) at the annual rate of $900,000.00, payable in regular installments in accordance with the Company’s usual payroll practices. As used in this Agreement, the term “Base Salary” shall refer to Base Salary as The Board may be adjusted from time to time with the consent of the Company review and the increase Executive. ’s Base Salary shall be payable in accordance with the customary payroll practices of Companyits sole discretion.
Appears in 2 contracts
Sources: Employment Agreement (Itt Industries Inc), Employment Agreement (Itt Corp)
Base Salary. During the Employment Term, the Company shall pay to Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”). As used ) at the annual rate of $220,000, payable in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary shall be payable regular installments in accordance with the customary payroll practices Company’s usual payment practices. Executive shall be entitled to annual reviews and increases in Executive’s Base Salary, if any, as may be determined in the sole discretion of Companythe Board.
Appears in 2 contracts
Sources: Employment Agreement (Kraton Polymers LLC), Employment Agreement (Kraton Polymers LLC)
Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary at the initial rate of $295,000 on an annualized basis 550,000.00 per annum, payable consistent with the Company’s standard payroll practices then in effect (the “Base Salary”). As used in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Such Base Salary shall be payable in accordance reviewed by the Compensation Committee of Advance’s Board of Directors (hereinafter the “Compensation Committee”) at least annually, with the customary payroll practices of Companyany changes taking into account, among other factors, Company and individual performance.
Appears in 2 contracts
Sources: Employment Agreement (Advance Auto Parts Inc), Employment Agreement (Advance Auto Parts Inc)
Base Salary. During the TermEmployment Period, the Company shall pay to Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”). As used in this Agreement) initially set at $261,000 per year, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary shall be payable in accordance with the customary Company’s normal payroll practices procedures applicable to similarly situated senior executives of CompanyOA, as in effect from time to time. Beginning in calendar year 2008 and thereafter during the Employment Period, the Base Salary shall be subject to annual review and increase (but not decrease) in the sole discretion of the Committee.
Appears in 2 contracts
Sources: Employment Agreement (On Assignment Inc), Employment Agreement (On Assignment Inc)
Base Salary. During the Employment Term, the Company shall pay to Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”)) at the annual rate of $500,000, payable in regular installments in accordance with the Company’s usual payment practices. As used in this Agreement, the term “Base Salary” shall refer to Executive’s Base Salary shall be subject to annual review and subject to increase, if any, as may be adjusted determined from time to time with in the consent sole discretion of the Board, but in no event shall the Company and the be entitled to reduce Executive. ’s Base Salary shall be payable in accordance with the customary payroll practices of CompanySalary.
Appears in 2 contracts
Sources: Employment Agreement (APX Group Holdings, Inc.), Employment Agreement (APX Group Holdings, Inc.)
Base Salary. During the Term, the Company shall pay to the Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”)) at the rate of no less than $450,000 per calendar year, less applicable deductions. As used The Base Salary shall be reviewed for increase by the Board no less frequently than annually and shall be increased in this Agreement, the term discretion of the Board and any such adjusted Base Salary shall constitute the “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent for purposes of the Company and the Executivethis Agreement. The Base Salary shall be payable paid in substantially equal installments in accordance with the customary Company’s regular payroll practices of Companyprocedures.
Appears in 2 contracts
Sources: Employment Agreement (Masonite International Corp), Employment Agreement (Masonite International Corp)
Base Salary. During the Employment Term, the Company shall pay to Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”). As used ) at the annual rate of $350,000, payable in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary shall be payable regular installments in accordance with the customary payroll practices Company’s usual payment practices. Executive shall be entitled to annual reviews and increases in Executive’s Base Salary, if any, as may be determined in the sole discretion of Companythe board of directors of KRATON (the “Board”).
Appears in 2 contracts
Sources: Employment Agreement (Kraton Polymers LLC), Employment Agreement (Kraton Polymers LLC)
Base Salary. During the Term, the Company shall pay to the Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”). As used in this Agreement) at the annualized rate of $425,000, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary which shall be subject to customary withholdings and authorized deductions and be payable in equal installments in accordance with the Company’s customary payroll practices of Companyin place from time to time. The Executive’s Base salary shall be subject to periodic adjustments as the CEO shall in his discretion deem appropriate.
Appears in 2 contracts
Sources: Employment Agreement (Provention Bio, Inc.), Employment Agreement (Provention Bio, Inc.)
Base Salary. During the Term, the Company shall pay to Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”). As used in this Agreement, ) at the term “Base Salary” shall refer annual rate of $250,000 to Base Salary as may be adjusted from time to time with paid evenly over the consent course of the Company and the Executive. Base Salary shall be payable year in accordance with the customary Company’s standard payroll practices of Companypolicies. During the Term, the Base Salary may be increased but not decreased.
Appears in 2 contracts
Sources: Employment Agreement (Spark Networks Inc), Employment Agreement (Spark Networks Inc)
Base Salary. During the Term, the Company shall pay to Executive a an annual base salary ("Base Salary") of US $275,000, payable at the initial rate times and in the manner consistent with the Company's policies regarding compensation of $295,000 on an annualized basis (executive employees. The Company agrees to review such compensation not less frequently than annually during the “Base Salary”)Term. As used in this AgreementOnce increased, the term “Base Salary” shall refer to Salary may not be decreased. The Base Salary as may be adjusted increased from time to time with the consent of the Company and the Executive. Base Salary shall be payable in accordance with the customary payroll practices of Companyreferred to herein as "Base Salary".
Appears in 2 contracts
Sources: Employment Agreement (Scottish Re Group LTD), Employment Agreement (Scottish Annuity & Life Holdings LTD)
Base Salary. During the TermEmployment Period, subject to the terms and conditions of this Agreement, the Company shall pay to the Executive a an annual base salary at the initial gross rate of $295,000 on an annualized basis 1,107,000 (the “Base Salary”). As used , payable in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary shall be payable installments in accordance with the customary Company’s executive payroll practices of Companypolicy (but not less frequently than monthly).
Appears in 2 contracts
Sources: Employment Agreement (SMURFIT-STONE CONTAINER Corp), Employment Agreement
Base Salary. During the Employment Term, the Company shall will pay to the Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”). As used in this Agreement) at an annual rate of $400,000, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary shall be payable in accordance with the customary Company’s regular payroll practices of Companypractices. The Base Salary is subject to annual review by the Board (or a committee thereof), in its sole discretion, and may be adjusted, from time to time.
Appears in 2 contracts
Sources: Employment Agreement (Verde Clean Fuels, Inc.), Employment Agreement (Verde Clean Fuels, Inc.)
Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary at the initial annual rate of $295,000 on an annualized basis 240,000 (the “Base Salary”). As used , payable in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time regular installments in accordance with the consent of the Company and the ExecutiveCompany’s customary payment practices. The Base Salary shall be payable in accordance with subject to annual review by the customary payroll practices Board or the Compensation Committee (or similar committee) of Companythe Company whereupon the Base Salary may be increased (but not decreased) at their sole discretion.
Appears in 2 contracts
Sources: Employment Agreement (Banctec Inc), Employment Agreement (Banctec Inc)
Base Salary. During the TermEmployment Period, the Company shall pay to the Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”)) at the rate of no less than $360,000 per calendar year, less applicable deductions. As used The Base Salary shall be reviewed for increase by the Board no less frequently than annually and shall be increased in this Agreement, the term discretion of the Board and any such adjusted Base Salary shall constitute the “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent for purposes of the Company and the Executivethis Agreement. The Base Salary shall be payable paid in substantially equal installments in accordance with the customary Company’s regular payroll practices of Companyprocedures.
Appears in 2 contracts
Sources: Employment Agreement (LSB Industries Inc), Employment Agreement (Tronox LTD)
Base Salary. During the TermEmployment Period, the Company shall pay to the Executive a base salary in periodic installments in accordance with the Company’s customary payroll practices. The base salary shall be paid at the initial annual rate of $295,000 on an annualized basis 375,000 and shall be reviewed no less frequently than annually by the Board of Directors or the Compensation Committee of the Board of Directors (the “Compensation Committee”) (such base salary, as it may be increased by the Board of Directors or the Compensation Committee from time to time, the “Base Salary”). As used in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary shall be payable in accordance with the customary payroll practices of Company.
Appears in 2 contracts
Sources: Executive Employment Agreement (Civitas Therapeutics, Inc.), Executive Employment Agreement (Civitas Therapeutics, Inc.)
Base Salary. During the Term, the Company shall pay to the Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”). As used in this Agreement) at the annualized rate of $395,000, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary which shall be subject to customary withholdings and authorized deductions and be payable in equal installments in accordance with the Company’s customary payroll practices in place from time to time. The Executive’s Base salary shall be subject to periodic adjustments as the Board and/or the Compensation Committee of Companythe Board (the “Compensation Committee”) shall in its/their discretion deem appropriate.
Appears in 2 contracts
Sources: Employment Agreement, Employment Agreement (Provention Bio, Inc.)
Base Salary. During the Term, the Company shall will pay to Executive a base salary at in the initial rate amount of $295,000 on an annualized basis 500,000 per annum (the “Base Salary”), payable in such installments as the Company pays other similarly situated individuals. As used in this Agreement, the term “Base Salary” shall refer to The Base Salary as may will be adjusted from time to time with annually reviewed for increase (but not decrease) by the consent Compensation Committee of the Company and Board (the Executive. Base Salary shall be payable in accordance with “Compensation Committee”) during the customary payroll practices of CompanyTerm.
Appears in 2 contracts
Sources: Employment Agreement (Perella Weinberg Partners), Employment Agreement (Perella Weinberg Partners)
Base Salary. During the TermEmployment Period, the Company shall will pay to Executive a base salary at the initial annual rate of $295,000 on an annualized basis 300,000, which amount will be reviewed annually and subject to adjustment at the good faith discretion of the Board (or the Compensation Committee of the Board (the “Compensation Committee”)), including without limitation, discretionary cost of living adjustments (as adjusted from time to time, the “Base Salary”). As used in this Agreement, the term “Base Salary” shall refer to The Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary shall will be payable in substantially equal installments in accordance with the customary Company’s payroll practices of Companyas in effect from time to time.
Appears in 2 contracts
Sources: Employment Agreement (Sulphco Inc), Employment Agreement (Sulphco Inc)
Base Salary. During the Term, the Company shall pay to the Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”). As used in this Agreement) at the annualized rate of $435,000, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary which shall be subject to customary withholdings and authorized deductions and be payable in equal installments in accordance with the Company’s customary payroll practices of Companyin place from time to time. The Executive’s Base salary shall be subject to periodic adjustments as the CEO shall in his discretion deem appropriate.
Appears in 2 contracts
Sources: Employment Agreement (Provention Bio, Inc.), Employment Agreement (Provention Bio, Inc.)
Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary at the initial annual rate of $295,000 on an annualized basis 325,000 (the “"Base Salary”"). As used , payable in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time regular installments in accordance with the consent of the Company and the ExecutiveCompany's customary payment practices. The Base Salary shall be payable in accordance with subject to annual review by the customary payroll practices Board or the Compensation Committee (or similar committee) of Companythe Company whereupon the Base Salary may be increased (but not decreased) at their sole discretion.
Appears in 2 contracts
Sources: Employment Agreement (Banctec Inc), Employment Agreement (Banctec Inc)
Base Salary. During the Term, The Company shall pay to Executive a base salary at during the initial rate of $295,000 on an annualized basis (the “Base Salary”). As used in this AgreementTerm, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary shall be payable in accordance with the customary payroll practices normal payment procedures of the Company, at the rate of $508,500 per annum. The Parent and the Company agree to review such compensation not less frequently than annually during the Term.
Appears in 2 contracts
Sources: Employment Agreement (Simon Property Group L P /De/), Employment Agreement (SPG Realty Consultants Inc)
Base Salary. During the Term, the Company shall will pay to Executive a base salary at in the initial rate amount of $295,000 on an annualized basis £385,000 per annum (the “Base Salary”), payable in such installments as the Company pays other similarly situated individuals. As used in this Agreement, the term “Base Salary” shall refer to The Base Salary as may will be adjusted from time to time with annually reviewed for increase (but not decrease) by the consent Compensation Committee of the Board of Directors of the Company and (the Executive. Base Salary shall be payable in accordance with “Compensation Committee”) during the customary payroll practices of CompanyTerm.
Appears in 2 contracts
Sources: Employment Agreement (Perella Weinberg Partners), Employment Agreement (Perella Weinberg Partners)
Base Salary. During the Employment Term, the Company shall pay to Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”)) at the annual rate of $655,636, payable in regular installments in accordance with the Company’s usual payment practices. As used in this Agreement, the term “Base Salary” shall refer to Executive’s Base Salary shall be subject to annual review and subject to increase, if any, as may be adjusted determined from time to time with in the consent sole discretion of the Board or the Compensation Committee of the Board, but in no event shall the Company and the be entitled to reduce Executive. ’s Base Salary shall be payable in accordance with the customary payroll practices of CompanySalary.
Appears in 2 contracts
Sources: Employment Agreement (Ap Al LLC), Employment Agreement (Ap Al LLC)
Base Salary. During the Term, The Company shall pay to the Executive a an annual base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”)) during the Employment Period of $400,000 per annum, payable in installments in accordance with the payroll practices for senior executives of the Company. As used The Base Salary shall be subject to an annual review, and may be increased, but not decreased, in this Agreement, the sole and absolute discretion of the Board of Directors or any committee delegated such responsibility. Upon any such increase the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary shall be payable in accordance with the customary payroll practices of Companymean such increased amount.
Appears in 2 contracts
Sources: Employment Agreement (Nationsrent Companies Inc), Employment Agreement (Nationsrent Companies Inc)
Base Salary. During the Employment Term, the Company shall pay to the Executive a an annual base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”). As used ) of $260,000, payable in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary shall be payable regular installments in accordance with the customary Company’s usual payroll practices of practices. The Base Salary may, in the Company’s discretion, be upwardly adjusted and may not be decreased after such adjustment.
Appears in 2 contracts
Sources: Employment Agreement, Employment Agreement (Interline Brands, Inc./De)
Base Salary. During the Term, The Company shall pay to the Executive during the Term a ----------- base salary at the initial rate of $295,000 on an annualized basis 250,000 per annum (the “Base "Annual Salary”"). As used in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary shall be payable in accordance with the customary payroll practices of Companythe Company applicable to senior executives. The Annual Salary shall be reviewed at least annually by the Compensation Committee of the Board (the "Compensation Committee"), but shall not be decreased during the Term.
Appears in 2 contracts
Sources: Employment Agreement (Efficient Networks Inc), Employment Agreement (Efficient Networks Inc)
Base Salary. During the Term, the Company shall pay to the Executive a ----------- base salary at the initial rate of $295,000 on an annualized basis (the “"Base Salary”"). As used , payable in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary shall be payable equal installments in accordance with the customary payroll practices Company's normal practice for paying base salaries to its executive employees. The Base Salary shall initially be payable at the rate of Company$200,000 per annum, and shall be subject to annual review by the Board for discretionary annual increases.
Appears in 2 contracts
Sources: Employment Agreement (United Water Resources Inc), Employment Agreement (United Water Resources Inc)
Base Salary. During the Term, the Company shall pay to the Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”)) at the rate of no less than $335,000 per calendar year, less applicable deductions. As used The Base Salary shall be reviewed for increase by the Board no less frequently than annually and shall be increased in this Agreement, the term discretion of the Board and any such adjusted Base Salary shall constitute the “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent for purposes of the Company and the Executivethis Agreement. The Base Salary shall be payable paid in substantially equal installments in accordance with the customary Company’s regular payroll practices of Companyprocedures.
Appears in 2 contracts
Sources: Employment Agreement (Masonite International Corp), Employment Agreement (Masonite International Corp)
Base Salary. During the Term, the Company shall pay to the Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”)) at the rate of no less than $850,000 per calendar year, less applicable deductions. As used The Base Salary shall be reviewed for increase by the Board no less frequently than annually and shall be increased in this Agreement, the term discretion of the Board and any such adjusted Base Salary shall constitute the “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent for purposes of the Company and the Executivethis Agreement. The Base Salary shall be payable paid in substantially equal installments in accordance with the customary Company’s regular payroll practices of Companyprocedures.
Appears in 2 contracts
Sources: Employment Agreement (Masonite International Corp), Employment Agreement (Masonite International Corp)
Base Salary. During the Term, the Company shall pay to the Executive a base salary (the "Base Salary") at the initial an annual rate of not less than $295,000 on an annualized basis (the “Base Salary”)600,000. As used in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. The Base Salary shall be payable in regular payroll installments in accordance with the customary Company's payroll practices as in effect from time to time (but no less frequently than monthly). The Management Compensation Committee of Companythe Board (the "Compensation Committee") shall review the Base Salary at least annually and may (but shall be under no obligation to) increase (but not decrease) the Base Salary on the basis of such review.
Appears in 2 contracts
Sources: Employment Agreement (Nasdaq, Inc.), Employment Agreement (Nasdaq Omx Group, Inc.)
Base Salary. During the TermEmployment Term and as of the Restatement Date, the Company shall pay to Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”). As used ) at the annual rate of $250,000, payable in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary shall be payable regular installments in accordance with the customary payroll practices Company’s usual payment practices. Executive shall be entitled to annual reviews. Increases in Executive’s Base Salary, if any, may be determined in the sole discretion of Companythe board of directors of KRATON (the “Board”).
Appears in 2 contracts
Sources: Employment Agreement, Employment Agreement (Kraton Polymers LLC)
Base Salary. During the TermTerm of Employment, the Company shall will pay to the Executive a base salary at the initial rate of $295,000 on an annualized basis 800,000 per year (the “Base Salary”), payable semi-monthly in accordance with the Company’s executive payroll policy. As used in this AgreementSuch Base Salary will be reviewed annually on the Company’s regular executive salary review schedule, and will be subject to increase (but not decrease) at the term discretion of Aon’s CEO and the Organization and Compensation Committee of the Company’s Board of Directors (the “Compensation Committee”), which increased amount will be thereafter the Executive’s “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary shall be payable in accordance with the customary payroll practices of Companyfor all purposes hereunder.
Appears in 2 contracts
Sources: Employment Agreement (Aon PLC), Employment Agreement (Aon PLC)
Base Salary. During the Term, the Company shall pay to the Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”). As used in this Agreement) at the annualized rate of $395,000, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary which shall be subject to customary withholdings and authorized deductions and be payable in equal installments in accordance with the Company’s customary payroll practices of Companyin place from time to time. The Executive’s Base salary shall be subject to periodic adjustments as the CEO shall in his discretion deem appropriate.
Appears in 2 contracts
Sources: Employment Agreement, Employment Agreement (Provention Bio, Inc.)
Base Salary. During the Term, the Company shall pay to Executive a an annual base salary at to be determined by the initial rate of $295,000 on an annualized basis Board or the Compensation Committee thereof (the “Base Salary”). As used in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary shall be payable in accordance with the customary payroll practices of Company.
Appears in 2 contracts
Sources: Executive Employment Agreement (Affiliated Computer Services Inc), Executive Employment Agreement (Affiliated Computer Services Inc)
Base Salary. During the Term, the Company shall pay to the Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”), at the annual rate of $470,000, which shall be paid in installments in accordance with the Company’s normal payroll practices. As used in this Agreement, the term “Base Salary” shall refer to The Executive’s Base Salary as shall be reviewed annually by the Board pursuant to the normal performance review policies for senior level executives and may be adjusted from time to time with as the consent of the Company and the Executive. Base Salary shall be payable in accordance with the customary payroll practices of CompanyBoard deems appropriate.
Appears in 2 contracts
Sources: Employment Agreement (Genpact LTD), Employment Agreement (Genpact LTD)
Base Salary. During the Term, the Company shall pay to the Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”)) at the rate of no less than $630,000 per calendar year, less applicable deductions. As used The Base Salary shall be reviewed for increase by the Board no less frequently than annually and shall be increased in this Agreement, the term discretion of the Board and any such adjusted Base Salary shall constitute the “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent for purposes of the Company and the Executivethis Agreement. The Base Salary shall be payable paid in substantially equal installments in accordance with the customary Company’s regular payroll practices of Companyprocedures.
Appears in 2 contracts
Sources: Employment Agreement (Masonite International Corp), Employment Agreement (Masonite International Corp)
Base Salary. During the Employment Term, the Company shall pay to Executive a base salary at the initial annual rate of $295,000 on an annualized basis $ per year or such higher rate as may be determined from time to time by the Company (the “Base Salary”). As used in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Such Base Salary shall be payable paid in accordance with the customary Company’s standard payroll practices of Companypractice for executives.
Appears in 2 contracts
Sources: Employment Agreement (Vericity, Inc.), Employment Agreement (Vericity, Inc.)
Base Salary. During the Employment Term, and as of the Restatement Date, the Company shall pay to Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”). As used ) at the annual rate of $375,000, payable in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary shall be payable regular installments in accordance with the customary payroll practices Company’s usual payment practices. Executive shall be entitled to annual reviews and increases in Executive’s Base Salary, if any, as may be determined in the sole discretion of Companythe board of directors of KRATON (the “Board”).
Appears in 2 contracts
Sources: Employment Agreement (Polymer Holdings LLC), Employment Agreement (Kraton Polymers LLC)
Base Salary. During the TermEmployment Period, the Company shall pay to the Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”), to be paid on the same payroll cycle as other U.S.‑based executive officers of the Company, at an annual rate of $1 million dollars ($1,000,000). As used in this Agreement, the term “Base Salary” shall refer to The Base Salary as will be reviewed annually and may be adjusted from time to time with upward (but not downward) by the consent of the Company CEO and the Executive. Base Salary shall be payable Compensation Committee in accordance with the customary payroll practices of Companyits discretion.
Appears in 2 contracts
Sources: Employment Agreement, Employment Agreement (Liberty Global PLC)
Base Salary. During the Employment Term, the Company shall pay to Executive a base salary (the Base Salary”) at the initial annual rate of $295,000 on an annualized basis 1,500,000, payable in regular installments in accordance with the Company’s usual payment practices. Executive’s Base Salary shall be reviewed by the Board following the completion of each consecutive 12-month period of the Initial Term and subject to increase, if any, as may be determined from time to time in the sole discretion of the Board (the “Base Salary”). As used in this Agreementwith such increased amount, the term if any, constituting “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent for purposes of the Company and the Executive. Base Salary shall be payable in accordance with the customary payroll practices of Companythis Agreement).
Appears in 2 contracts
Sources: Employment Agreement (Ami Celebrity Publications, LLC), Employment Agreement (Ami Celebrity Publications, LLC)
Base Salary. During the Employment Term, and as of the Restatement Date, the Company shall pay to Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”). As used ) at the annual rate of $250,000, payable in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary shall be payable regular installments in accordance with the customary payroll practices Company’s usual payment practices. Executive shall be entitled to annual reviews and increases in Executive’s Base Salary, if any, as may be determined in the sole discretion of Companythe Board.
Appears in 2 contracts
Sources: Employment Agreement (Kraton Polymers LLC), Employment Agreement (Polymer Holdings LLC)
Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary at the initial rate of not less than $295,000 on an annualized basis 665,000 per annum (the “Base Salary”). As used in this Agreement, the term “Base Salary” The Board shall refer to review Executive’s Base Salary as may be adjusted from time to time with the consent annually (after approval of the Company forthcoming year’s budget and receipt of the Executive. Base Salary shall be payable prior year’s financial statements) and increase it by an amount no less than the increase in accordance with the customary payroll practices of Companyconsumer price index for the Washington, D.C. metropolitan area from the immediately preceding year.
Appears in 2 contracts
Sources: Employment Agreement (Strayer Education Inc), Employment Agreement (Strayer Education Inc)
Base Salary. During the Term, the Company shall pay to Executive a an annual base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”), which shall initially be $200,000. As used in The Board of Directors (the “Board”) shall review the Executive’s Base Salary no less than annually (at the end of the Company’s compensation year, which shall be its fiscal year) and may increase (but not decrease) such Base Salary during the term of this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary shall be payable in accordance with the customary payroll practices of Company.
Appears in 2 contracts
Sources: Employment Agreement (Bluejay Diagnostics, Inc.), Employment Agreement (Bluejay Diagnostics, Inc.)
Base Salary. During the Term, the Company shall pay to the Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”). As used in this Agreement) at the annualized rate of $155,000, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary which shall be subject to customary withholdings and authorized deductions and be payable in equal installments in accordance with the Company’s customary payroll practices of Companyin place from time to time. The Executive’s Base salary shall be subject to periodic review and adjustment as the Company shall in its discretion deem appropriate.
Appears in 2 contracts
Sources: Employment Agreement (Dermata Therapeutics, Inc.), Employment Agreement (Dermata Therapeutics, Inc.)
Base Salary. During As compensation for the Termperformance by the Executive of his obligations hereunder, during the Employment Period, the Company shall pay to the Executive a base salary at the initial an annual rate of $295,000 on an annualized basis 600,000 (the “Base Salary”). As used in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. The Base Salary shall be payable in accordance with the customary Company’s regularly established payroll practices practice. The Board shall conduct an annual review of Companythe Base Salary and may increase (but not decrease) such Base Salary in its sole discretion.
Appears in 2 contracts
Sources: Employment Agreement (Fresenius Kabi Pharmaceuticals Holding, Inc.), Employment Agreement (Fresenius Kabi Pharmaceuticals Holding, Inc.)
Base Salary. During the Term, the Company shall pay to the Executive a an annual base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”). As used in this Agreement) of at least $260,000.00 less applicable and authorized deductions, subject to review annually for appropriate increases by the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with Chief Executive Officer and the consent Board of Directors of the Company and (the Executive“Board”) pursuant to the normal performance review policy for senior level executives. The Base Salary shall be payable in accordance with the customary Company’s payroll practices of Companyschedule.
Appears in 2 contracts
Sources: Employment Agreement (Valeritas Holdings Inc.), Employment Agreement (Valeritas Holdings Inc.)
Base Salary. During the Term, the Company shall pay to Executive a base salary at the initial annual rate of $295,000 on an annualized basis 305,000 (the “Annual Base Salary”). As used in this Agreement, ) to be paid evenly over the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent course of the Company and the Executive. Base Salary shall be payable year in accordance with the customary Company’s standard payroll practices of Companypolicies. During the Term, the Annual Base Salary will not be increased or decreased.
Appears in 2 contracts
Sources: Employment Agreement (Spark Networks Inc), Employment Agreement (Spark Networks SE)
Base Salary. During the Employment Term, the Company shall pay to Executive a base salary at the initial annual rate of $295,000 on an annualized basis 375,000 per year or such higher rate as may be determined annually by the Company (the “Base Salary”). As used in this Agreement, the term “Such Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary , less applicable withholdings, shall be payable paid in accordance with the customary Company’s standard payroll practices of Companypractice for executives.
Appears in 2 contracts
Sources: Employment Agreement (Warwick Valley Telephone Co), Employment Agreement (Warwick Valley Telephone Co)
Base Salary. During the Employment Term, in full consideration of the performance by the Executive of the Executive’s obligations hereunder (including any services as an officer, director, employee, or member of any committee of any affiliate of the Company, or otherwise on behalf of the Company), the Executive shall receive from the Company shall pay to Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”). As used in this Agreement) at an annual rate of $500,000 per year, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary shall be payable in accordance with the customary normal payroll practices of Companythe Company then in effect.
Appears in 2 contracts
Sources: Employment Agreement (Third Point Reinsurance Ltd.), Employment Agreement (Third Point Reinsurance Ltd.)
Base Salary. During the Employment Term, the Company shall pay to Executive a base salary at the initial annual rate of $295,000 on an annualized basis (the “Base Salary”). As used in this Agreement, the term “Base Salary” shall refer to Base Salary 300,000 per year or such higher rate as may be adjusted determined from time to time with by the consent of the Company and the ExecutiveBoard ("Base Salary"). Such Base Salary shall be payable paid in accordance with the customary Company's standard payroll practices of Companypractice for senior executives.
Appears in 2 contracts
Sources: Employment Agreement (Ogden Corp), Employment Agreement (Ogden Corp)
Base Salary. During the Term, Company shall pay to Executive a base salary at the initial rate term of $295,000 on an annualized basis (the “Base Salary”). As used in this Agreement, the term “Base Salary” Company shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary shall be pay Executive a base salary, payable in equal installments in accordance with the customary payroll practices Company’s standard schedule for salary payments to its employees, at an initial annual rate equal to $385,000. Executive’s base salary shall be reviewed annually by the Compensation Committee of Companythe Board (the “Compensation Committee”), commencing in January 2011, and may be adjusted after each such review after discussions between the Company and Executive.
Appears in 2 contracts
Sources: Employment Agreement (Selecta Biosciences Inc), Employment Agreement (Selecta Biosciences Inc)
Base Salary. During the TermEmployment Period, the Company shall pay to the Executive a an annual base salary (“Annual Base Salary”) at the initial rate of $295,000 on an annualized basis (the “Base Salary”). As used in this Agreement1,500,000 per annum, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary shall be payable in accordance with the customary Company’s executive payroll practices of Companypolicy, or such higher amount as may be determined appropriate by the Compensation Committee and the Board.
Appears in 2 contracts
Sources: Employment Agreement (Federal Mogul Corp), Employment Agreement (Federal Mogul Corp)
Base Salary. During the Term, the Company shall will pay to Executive a base salary at in the initial rate amount of $295,000 on an annualized basis 500,000 per annum (the “Base Salary”), payable in such installments as the Company pays other similarly situated individuals. As used in this Agreement, the term “Base Salary” shall refer to The Base Salary as may will be adjusted from time to time with annually reviewed for increase (but not decrease) by the consent Compensation Committee of the Board of Directors of the Company and (the Executive. Base Salary shall be payable in accordance with “Compensation Committee”) during the customary payroll practices of CompanyTerm.
Appears in 2 contracts
Sources: Employment Agreement (Perella Weinberg Partners), Employment Agreement (Perella Weinberg Partners)
Base Salary. During the Employment Term, the Company shall pay (or cause to be paid) to Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”)) at the annual rate of $180,000, payable in regular installments in accordance with the usual payment practices of the Company Group. As used in this Agreement, the term “Base Salary” shall refer to Executive’s Base Salary shall be subject to annual review and subject to increase, but not decrease, as may be adjusted determined from time to time with in the consent sole discretion of the Company and the Executive. Base Salary shall be payable in accordance with the customary payroll practices of CompanyBoard.
Appears in 2 contracts
Sources: Employment Agreement (Expion360 Inc.), Employment Agreement (Expion360 Inc.)
Base Salary. During the Employment Term, and as of the Restatement Date, the Company shall pay to Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”). As used ) at the annual rate of not less than $575,000, payable in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary shall be payable regular installments in accordance with the customary payroll practices Company’s usual payment practices. Executive shall be entitled to annual reviews and increases in Executive’s Base Salary, if any, as may be determined in the sole discretion of Companythe Board.
Appears in 2 contracts
Sources: Employment Agreement (Polymer Holdings LLC), Employment Agreement (Kraton Polymers LLC)
Base Salary. During the Employment Term, the Company shall pay to Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”)) at the annual rate of $530,450, payable in regular installments in accordance with the Company’s usual payment practices. As used in this Agreement, the term “Base Salary” shall refer to Executive’s Base Salary shall be subject to annual review and subject to increase, if any, as may be adjusted determined from time to time with in the consent sole discretion of the Board or the Compensation Committee of any direct or indirect parent of the Company, but in no event shall the Company and the be entitled to reduce Executive. ’s Base Salary shall be payable in accordance with the customary payroll practices of CompanySalary.
Appears in 2 contracts
Sources: Employment Agreement (APX Group Holdings, Inc.), Employment Agreement (APX Group Holdings, Inc.)
Base Salary. During the Employment Term, the Company shall pay to the Executive a base salary at the initial annual rate of $295,000 on an annualized basis 265,000 (the “Base Salary”). As used , payable in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time regular installments in accordance with the consent of the Company and the ExecutiveCompany’s customary payment practices. The Base Salary shall be payable in accordance with subject to annual review by the customary payroll practices Board or the Compensation Committee (or similar committee) of Companythe Company whereupon the Base Salary may be increased (but not decreased) at their sole discretion.
Appears in 2 contracts
Sources: Employment Agreement (Banctec Inc), Employment Agreement (Banctec Inc)
Base Salary. During the Term, The Company shall pay to the Executive a base salary (the "Base Salary") during the period of the Executive's employment hereunder, which shall be at the an initial rate of Two Hundred and Seventy-One Thousand Dollars ($295,000 on an annualized basis (the “Base Salary”)271,000.00) per annum. As used in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. The Base Salary shall be payable paid in accordance with the customary Company's standard payroll practices of Companypractices. The Base Salary shall be reviewed for possible increase on an annual basis and shall not be decreased during the Term.
Appears in 2 contracts
Sources: Employment Agreement (Avangrid, Inc.), Severance Agreement (Avangrid, Inc.)
Base Salary. During the Employment Term, the Company shall pay to Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”)) at the annual rate of $600,000, payable in regular installments in accordance with the Company’s usual payment practices. As used in this Agreement, the term “Base Salary” shall refer to Executive’s Base Salary shall be subject to annual review and subject to increase, if any, as may be adjusted determined from time to time with in the consent sole discretion of the Board or the Compensation Committee of the Board, but in no event shall the Company and the be entitled to reduce Executive. ’s Base Salary shall be payable in accordance with the customary payroll practices of CompanySalary.
Appears in 2 contracts
Sources: Employment Agreement (Vivint Smart Home, Inc.), Employment Agreement (Vivint Smart Home, Inc.)
Base Salary. During the Term, the Company shall pay to the Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”)) at the rate of no less than $400,000 per calendar year, less applicable deductions. As used The Base Salary shall be reviewed for increase by the Board no less frequently than annually and shall be increased in this Agreement, the term discretion of the Board and any such adjusted Base Salary shall constitute the “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent for purposes of the Company and the Executivethis Agreement. The Base Salary shall be payable paid in substantially equal installments in accordance with the customary Company’s regular payroll practices of Companyprocedures.
Appears in 2 contracts
Sources: Employment Agreement (Masonite International Corp), Employment Agreement (Masonite International Corp)
Base Salary. During the TermEmployment Period, the Company shall pay to the Executive a base salary at the initial rate of $295,000 on an annualized basis 700,000 per annum (the “Base Salary”). As used , payable semi-monthly in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time accordance with the consent of the Company and the ExecutiveCompany’s executive payroll policy. Such Base Salary shall be payable in accordance with reviewed annually on the customary payroll practices Company’s regular executive salary review schedule, and shall be subject to adjustment at the discretion of Companythe CEO and Organization and Compensation Committee of the Board of Directors.
Appears in 1 contract
Sources: Employment Agreement (Aon Corp)
Base Salary. During the Employment Term, the Company shall pay to Executive for his services hereunder a base salary (the "Base Salary") at the initial annual rate of $295,000 on an annualized basis (the “Base Salary”). As used 240,000, payable in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary shall be payable regular installments in accordance with the customary payroll Company's usual payment practices of Companyand subject to annual review and adjustment by the Board in its sole discretion.
Appears in 1 contract
Sources: Employment Agreement (Arqule Inc)
Base Salary. During Beginning January 25, 2003, the Term, Company shall pay to Executive a base salary at the initial rate ("Base Salary") of $295,000 on an annualized basis (360,000 per year, which will be reviewed annually by the “Base Salary”). As used in this Agreement, Company during the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time of this Agreement in accordance with the consent of the Company and the its compensation practices regarding senior executives. Executive. 's Base Salary shall be payable paid biweekly in accordance with the customary Company's normal payroll practices schedule. All payments shall be subject to Executive's chosen benefit deductions and the deduction of Companypayroll taxes and similar assessments as required by law.
Appears in 1 contract
Base Salary. During the TermEmployment Period, the Company shall pay to the Executive a base salary at the initial rate of $295,000 on an annualized basis 125,000 per annum (the “" Base Salary”"). As used in this Agreement, the term “Base Salary” shall refer to Base Salary as may be adjusted from time to time with the consent of the Company and the Executive. Base Salary shall be payable in accordance with the customary Company's executive payroll practices policy. Such Base Salary shall be reviewed annually and shall be subject to such changes as determined by the Compensation Committee of Companythe Board (the "Compensation Committee").
Appears in 1 contract
Sources: Employment Agreement (Firearms Training Systems Inc)