Base Salary. During the Employment Period, the Company shall pay the Executive a base salary (“Base Salary”) at an initial annualized rate of $200,000 per year, payable in accordance with the Company’s regular payroll practices relating 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 the Employment PeriodTerm, the Company shall pay the Executive a base salary (“Base Salary”) Salary at an initial annualized the annual rate of One Hundred Eighty Thousand Dollars ($200,000 per year, 180,000). Base Salary shall be payable in accordance with the Company’s regular usual payroll practices relating of the Company. Executive's Base Salary may be reviewed annually by the Board or the Compensation Committee and may be increased, but not decreased, from time to salaried employeestime by the Board or the Compensation Committee. The Supervisor may review the Base Salary from year to year and may approve an increase in the Base Salary as determined as aforesaid, from time to time for the Supervisor deems appropriateapplicable fiscal year shall constitute "BASE SALARY" for purposes of this Agreement.
Appears in 4 contracts
Sources: Employment Agreement (Eventures Group Inc), Employment Agreement (Eventures Group Inc), Employment Agreement (Eventures Group Inc)
Base Salary. During the Employment PeriodTerm, the Company shall pay to the Executive a base salary of $400,001 annually, which shall be subject to review and, at the option of 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”) at ). The Base Salary shall be reviewed on an initial annualized rate annual basis for increases in accordance with the review process for senior level executives of $200,000 per year, the Company. The Base Salary shall be payable in accordance with the Company’s regular normal payroll practices relating 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 appropriatepractices.
Appears in 4 contracts
Sources: Employment Agreement (Covetrus, Inc.), Employment Agreement (Covetrus, Inc.), Employment Agreement (HS Spinco, Inc.)
Base Salary. During the Employment PeriodTerm, the Company shall pay the Executive a base salary at the annual rate of $321,000 (“Base Salary”) at an initial annualized rate of $200,000 per year), payable in regular installments in accordance with the Company’s regular payroll practices relating to salaried employeescustomary payment practices. The Supervisor may Base Salary shall be subject to annual review by the Board or the Compensation Committee (or similar committee) of the Company whereupon the Base Salary from year to year and may approve an increase in the Base Salary as the Supervisor deems appropriatebe 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 Employment PeriodTerm, the Company shall pay the to Executive a base salary at the initial rate of $295,000 on an annualized basis (the “Base Salary”) at an initial annualized rate ). 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 $200,000 per year, the Company and the Executive. Base Salary shall be payable in accordance with the Company’s regular customary payroll practices relating 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 appropriateof Company.
Appears in 4 contracts
Sources: Employment Agreement, Employment Agreement (Motus GI Holdings, Inc.), Employment Agreement (Motus GI Holdings, Inc.)
Base Salary. During In consideration of the Employment Periodservices to be rendered as provided in Section 1, the Company shall hereby agrees to pay the Executive a an annual base salary of $240,000 payable in equal weekly installments in accordance with the usual practice of the Company (the “Base Salary”) at an initial annualized rate of $200,000 per year, payable in accordance with the Company’s regular payroll practices relating to salaried employees). The Supervisor may review the Executive's Base Salary from year shall be subject to year and may approve an increase in annual review by the Base Salary as Board of Directors of the Supervisor deems appropriateCompany (the “BOD”).
Appears in 4 contracts
Sources: Employment Agreement (Voiceserve Inc), Employment Agreement (Voiceserve Inc), Employment Agreement (Voiceserve Inc)
Base Salary. During the Employment PeriodTerm, the Company shall pay to the Executive a base salary (the “Base Salary”) at an initial annualized the rate of no less than $200,000 400,000.00 per calendar year, payable less applicable deductions. The Base Salary shall be reviewed for increase by the Board no less frequently than annually and shall be increased in the discretion of the Board and any such adjusted Base Salary shall constitute the “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the Company’s regular payroll practices relating 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 appropriateprocedures.
Appears in 3 contracts
Sources: Employment Agreement (Masonite International Corp), Employment Agreement (Masonite International Corp), Employment Agreement (Masonite International Corp)
Base Salary. During the Employment PeriodTerm, the Company shall pay the Executive a annual base salary (“the "Base Salary”") at an initial annualized the annual rate no less than the rate of $200,000 per year, base salary in effect as of the Effective Date. Base Salary shall be payable in regular installments in accordance with the Company’s regular 's usual payroll practices relating to salaried employeespractices. The Supervisor may Management Compensation Committee of the Board (the "Compensation Committee") shall review the Base Salary from year to year and may approve an increase for the purpose of increasing it in the Base Salary as the Supervisor deems appropriateaccordance 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 Employment PeriodTerm, the Company shall pay the Executive a base salary at the annual rate of $258,000 (“Base Salary”) at an initial annualized rate of $200,000 per year), payable in regular installments in accordance with the Company’s regular payroll practices relating to salaried employeescustomary payment practices. The Supervisor may Base Salary shall be subject to annual review by the Board or the Compensation Committee (or similar committee) of the Company whereupon the Base Salary from year to year and may approve an increase in the Base Salary as the Supervisor deems appropriatebe 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 PeriodTerm, the Company shall pay the Executive a base salary (“Base Salary”) at an initial annualized the annual rate of $200,000 per year1,021,199.82, payable in regular installments in accordance with the Company’s regular payroll practices relating to salaried employeesusual payment practices. The Supervisor may review the Executive’s Base Salary shall be subject to annual review and subject to increase, if any, as may be determined from year time to year and may approve an increase time in the sole discretion of the Board, but in no event shall the Company be entitled to reduce Executive’s Base Salary as the Supervisor deems appropriateSalary.
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 PeriodTerm, 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 the Executive a base salary (the “Base Salary”) at an initial annualized annual rate of $200,000 600,000 per year, payable in accordance with the Company’s regular normal payroll practices relating to salaried employees. The Supervisor may review of the Base Salary from year to year and may approve an increase Company then in the Base Salary as the Supervisor deems appropriateeffect.
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 Employment Period, the Company shall pay to the Executive a base salary at an annual rate equal to $1,000,000 (“Base Salary”) at an initial annualized rate of $200,000 per year), payable in regular installments in accordance with the Company’s regular usual payroll practices relating to salaried employees. The Supervisor may review the practices; provided, however, that Base Salary from year to year and may approve an increase in shall be reviewed for discretionary increases by the Base Salary as Board or the Supervisor deems appropriateCompensation Committee thereof no less often than annually commencing no later than the first anniversary of the 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 Period, the Company shall pay to the Executive a base salary at the rate of $1,500,000 per annum (“Base Salary”) at an initial annualized rate of $200,000 per year), payable semi-monthly in accordance with the Company’s regular executive payroll practices relating to salaried employeespolicy. The Supervisor may review the Such Base Salary from year shall be reviewed annually on the Company’s regular executive salary review schedule, and shall be subject to year and may approve an increase in adjustment at the Base Salary as discretion of the Supervisor deems appropriateBoard.
Appears in 3 contracts
Sources: Employment Agreement (Aon PLC), Employment Agreement (Aon Corp), Employment Agreement (Aon Corp)
Base Salary. During the Employment PeriodTerm, the Company shall pay the Executive a base salary (“Base Salary”) ), at an initial annualized the annual rate of $200,000 per year350,000, payable as the same may be increased by the Board thereafter pursuant to the Company’s normal practices for its executives, which shall be paid in installments in accordance with the Company’s regular normal payroll practices relating 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 appropriatepractices.
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 Period, the Company shall pay the Executive a base salary (“Base Salary”) at an initial annualized rate of $200,000 250,000 per year, payable in accordance with the Company’s regular payroll practices relating 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 Employment PeriodTerm, the Company shall pay the Executive a base salary of $240,000 per annum (the “Base Salary”) at an initial annualized rate of $200,000 per year), payable in periodic installments in accordance with the Company’s regular customary payroll practices relating to salaried employeesand applicable wage payment laws, but no less frequently than monthly. The Supervisor may review the Base Salary from year to year shall be reviewed at least annually by the Board and may approve an the Board may, but shall not be required to, increase in the Base Salary as base salary during the Supervisor deems appropriateEmployment 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 Employment PeriodTerm, the Company shall pay to the Executive a base salary (the “Base Salary”) at an initial annualized the rate of no less than $200,000 400,000 per calendar year, payable less applicable deductions. The Base Salary shall be reviewed for increase by the Board no less frequently than annually and shall be increased in the discretion of the Board and any such adjusted Base Salary shall constitute the “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the Company’s regular payroll practices relating 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 appropriateprocedures.
Appears in 2 contracts
Sources: Employment Agreement (Masonite International Corp), Employment Agreement (Masonite International Corp)
Base Salary. During the Employment Period, the Company shall pay to the Executive a base salary (the “Base Salary”) at an initial annualized the rate of no less than $200,000 360,000 per calendar year, payable less applicable deductions. The Base Salary shall be reviewed for increase by the Board no less frequently than annually and shall be increased in the discretion of the Board and any such adjusted Base Salary shall constitute the “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the Company’s regular payroll practices relating 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 appropriateprocedures.
Appears in 2 contracts
Sources: Employment Agreement (LSB Industries Inc), Employment Agreement (Tronox LTD)
Base Salary. During the Employment Period, the Company shall pay the Executive a base salary (“Base Salary”) at an initial annualized rate of $200,000 per year, payable in periodic installments in accordance with the Company’s regular customary payroll practices relating to salaried employeespractices. The Supervisor base salary shall be paid at the annual rate of $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 review be increased by the Board of Directors or the Compensation Committee from time to time, the “Base Salary from year to year and may approve an increase in the Base Salary as the Supervisor deems appropriateSalary”).
Appears in 2 contracts
Sources: Executive Employment Agreement (Civitas Therapeutics, Inc.), Executive Employment Agreement (Civitas Therapeutics, Inc.)
Base Salary. During the Employment PeriodTerm, the Company shall pay the Executive a base salary at the annual rate of $180,000 per year or such higher rate as may be determined annually by the Company (“Base Salary”) at an initial annualized rate of $200,000 per year). Such Base Salary, payable less applicable withholdings, shall be paid in accordance with the Company’s regular standard payroll practices relating 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 appropriatepractice for executives.
Appears in 2 contracts
Sources: Employment Agreement (Warwick Valley Telephone Co), Employment Agreement (Warwick Valley Telephone Co)
Base Salary. During the Employment PeriodTerm, the Company shall pay the Executive a base salary at the annual rate of $240,000 (“Base Salary”) at an initial annualized rate of $200,000 per year), payable in regular installments in accordance with the Company’s regular payroll practices relating to salaried employeescustomary payment practices. The Supervisor may Base Salary shall be subject to annual review by the Board or the Compensation Committee (or similar committee) of the Company whereupon the Base Salary from year to year and may approve an increase in the Base Salary as the Supervisor deems appropriatebe 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 Employment PeriodTerm, the Company shall will pay the Executive a base salary in the amount of $500,000 per annum (the “Base Salary”) at an initial annualized rate of $200,000 per year), payable in accordance with such installments as the Company’s regular payroll practices relating to salaried employeesCompany pays other similarly situated individuals. The Supervisor may review the Base Salary from year to year and may approve an will be annually reviewed for increase in (but not decrease) by the Base Salary as Compensation Committee of the Supervisor deems appropriateBoard of Directors of the Company (the “Compensation Committee”) during the Term.
Appears in 2 contracts
Sources: Employment Agreement (Perella Weinberg Partners), Employment Agreement (Perella Weinberg Partners)
Base Salary. During the Employment PeriodTerm, the Company shall pay the (or cause to be paid) to Executive a base salary (“Base Salary”) at an initial annualized the annual rate of $200,000 per year180,000, payable in regular installments in accordance with the Companyusual payment practices of the Company Group. Executive’s regular payroll practices relating to salaried employees. The Supervisor may review the Base Salary shall be subject to annual review and subject to increase, but not decrease, as may be determined from year time to year and may approve an increase time in the Base Salary as sole discretion of the Supervisor deems appropriateBoard.
Appears in 2 contracts
Sources: Employment Agreement (Expion360 Inc.), Employment Agreement (Expion360 Inc.)
Base Salary. During the Employment PeriodTerm, and as of the Restatement Date, the Company shall pay the Executive a base salary (the “Base Salary”) at an initial annualized the annual rate of not less than $200,000 per year575,000, payable in regular installments in accordance with the Company’s regular payroll practices relating usual payment practices. Executive shall be entitled to salaried employees. The Supervisor annual reviews and increases in Executive’s Base Salary, if any, as may review the Base Salary from year to year and may approve an increase be determined in the Base Salary as sole discretion of the Supervisor deems appropriateBoard.
Appears in 2 contracts
Sources: Employment Agreement (Polymer Holdings LLC), Employment Agreement (Kraton Polymers LLC)
Base Salary. During the Employment Period, the The Company shall pay to the Executive a base an annual salary (“the "Base Salary”") at an initial annualized a rate of no less than $200,000 325,000 per year, payable in substantially equal installments at such intervals as may be determined by the Company in accordance with the Company’s regular 's then current ordinary payroll practices relating as established from time to salaried employeestime. The Supervisor may review the Base Salary from year to year and may approve an increase shall be reviewed in good faith by the Base Salary as Compensation Committee of the Supervisor deems appropriateBoard (the "Compensation Committee") not less often than annually.
Appears in 2 contracts
Sources: Employment Agreement (Northern Oil & Gas, Inc.), Employment Agreement (Northern Oil & Gas, Inc.)
Base Salary. During the Employment PeriodTerm, the Company shall pay the Executive a base salary (the “Base Salary”) at an initial the annualized rate of $200,000 per year395,000, which shall be subject to customary withholdings and authorized deductions and be payable in equal installments in accordance with the Company’s regular customary payroll practices relating in place from time to salaried employeestime. The Supervisor may review the Executive’s Base Salary from year salary shall be subject to year and may approve an increase in the Base Salary periodic adjustments as the Supervisor deems Board and/or the Compensation Committee of the 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 Employment PeriodTerm, and as of the Restatement Date, the Company shall pay the Executive a base salary (the “Base Salary”) at an initial annualized the annual rate of $200,000 per year425,000, payable in regular installments in accordance with the Company’s regular payroll practices relating usual payment practices. Executive shall be entitled to salaried employees. The Supervisor annual reviews and increases in Executive’s Base Salary, if any, as may review the Base Salary from year to year and may approve an increase be determined in the Base Salary as sole discretion of the Supervisor deems appropriateboard 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 PeriodTerm, the Company shall pay the Executive a base salary (“Base Salary”) ), at an initial annualized the annual rate of $200,000 per year470,000, payable which shall be paid in installments in accordance with the Company’s regular normal payroll practices relating to salaried employeespractices. The Supervisor may review the Executive’s Base Salary from year shall be reviewed annually by the Board pursuant to year the normal performance review policies for senior level executives and may approve an increase in the Base Salary be adjusted from time to time as the Supervisor Board deems appropriate.
Appears in 2 contracts
Sources: Employment Agreement (Genpact LTD), Employment Agreement (Genpact LTD)
Base Salary. During the Employment Period, the Company shall will pay the Executive a base salary at the annual rate of $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”) at an initial annualized rate of $200,000 per year, ). The Base Salary will be payable in substantially equal installments in accordance with the Company’s regular payroll practices relating as in effect from time 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 appropriatetime.
Appears in 2 contracts
Sources: Employment Agreement (Sulphco Inc), Employment Agreement (Sulphco Inc)
Base Salary. During the Employment PeriodTerm, the Company shall will pay the Executive Executive, a base salary (“Base Salary”) at an initial annualized the rate of $200,000 300,000 per yearyear (the "Base Salary"), payable subject to periodic review and modification, solely at the Company's discretion. The Base Salary will be paid periodically in accordance with the Company’s regular 's normal employee payroll practices relating 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 appropriatepractices.
Appears in 2 contracts
Sources: Employment Agreement (Orbitz Inc), Employment Agreement (Orbitz Inc)
Base Salary. During the Employment PeriodTerm, the Company shall will pay the Executive a base salary (the “Base Salary”) at an initial annualized annual rate of $200,000 per year400,000, payable in accordance with the Company’s regular payroll practices relating to salaried employeespractices. The Supervisor may review the Base Salary from year is subject to year annual review by the Board (or a committee thereof), in its sole discretion, and may approve an increase in the Base Salary as the Supervisor deems appropriatebe 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 Period, the The Company shall pay the Executive a base salary (the “Base Salary”) at an initial annualized rate during the period of the Executive’s employment hereunder, which shall be Four Hundred Thousand Dollars ($200,000 400,000.00) per year, payable annum. The Base Salary shall be paid in accordance with the Company’s regular standard payroll practices relating to salaried employeespractices. The Supervisor may review the Base Salary from year to year shall be reviewed for possible increase on an annual basis and may approve an increase in shall not be decreased during the Base Salary as the Supervisor deems appropriateTerm.
Appears in 2 contracts
Sources: Employment Agreement (Avangrid, Inc.), Employment Agreement (Avangrid, Inc.)
Base Salary. During the Employment PeriodTerm, the Company shall pay to the Executive a base salary (the “Base Salary”) at an initial annualized the rate of no less than $200,000 850,000 per calendar year, payable less applicable deductions. The Base Salary shall be reviewed for increase by the Board no less frequently than annually and shall be increased in the discretion of the Board and any such adjusted Base Salary shall constitute the “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the Company’s regular payroll practices relating 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 appropriateprocedures.
Appears in 2 contracts
Sources: Employment Agreement (Masonite International Corp), Employment Agreement (Masonite International Corp)
Base Salary. During While employed by the Employment PeriodCompany, the Company shall pay the Executive as compensation for his services a base salary at the annualized rate of three hundred and fifty thousand dollars ($350,000) (the “Base Salary”) at an initial annualized rate of $200,000 per year, payable ). Such salary shall be paid periodically in accordance with the Company’s regular normal Company payroll practices relating and subject to salaried employeesthe usual, required withholding. The Supervisor may review the Executive’s Base Salary from year to year shall be reviewed annually by the Compensation Committee of the Board for possible adjustments in light of Executive’s performance and may approve an increase in the Base Salary as the Supervisor deems appropriatecompetitive data.
Appears in 2 contracts
Sources: Employment Agreement (3PAR Inc.), Employment Agreement (3PAR Inc.)
Base Salary. During the Employment PeriodTerm, the Company shall will pay the Executive a base salary in the amount of $500,000 per annum (the “Base Salary”) at an initial annualized rate of $200,000 per year), payable in accordance with such installments as the Company’s regular payroll practices relating to salaried employeesCompany pays other similarly situated individuals. The Supervisor may review the Base Salary from year to year and may approve an will be annually reviewed for increase in (but not decrease) by the Base Salary as Compensation Committee of the Supervisor deems appropriateBoard (the “Compensation Committee”) during the Term.
Appears in 2 contracts
Sources: Employment Agreement (Perella Weinberg Partners), Employment Agreement (Perella Weinberg Partners)
Base Salary. During the Employment PeriodTerm, the Company shall pay to the Executive a base salary (the “Base Salary”) at an initial annualized the rate of no less than $200,000 630,000 per calendar year, payable less applicable deductions. The Base Salary shall be reviewed for increase by the Board no less frequently than annually and shall be increased in the discretion of the Board and any such adjusted Base Salary shall constitute the “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the Company’s regular payroll practices relating 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 appropriateprocedures.
Appears in 2 contracts
Sources: Employment Agreement (Masonite International Corp), Employment Agreement (Masonite International Corp)
Base Salary. During the Employment PeriodTerm, the Company shall pay the Executive a base salary at the annual rate of $ per year or such higher rate as may be determined from time to time by the Company (“Base Salary”) at an initial annualized rate of $200,000 per year, payable ). Such Base Salary shall be paid in accordance with the Company’s regular standard payroll practices relating 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 appropriatepractice for executives.
Appears in 2 contracts
Sources: Employment Agreement (Vericity, Inc.), Employment Agreement (Vericity, Inc.)
Base Salary. During the Employment PeriodTerm, the Company shall pay the Executive a base salary at the annual rate of $305,000 (the “Annual Base Salary”) at an initial annualized rate to be paid evenly over the course of $200,000 per year, payable the year in accordance with the Company’s regular standard payroll practices relating to salaried employeespolicies. The Supervisor may review During the Term, the Annual Base Salary from year to year and may approve an increase in the Base Salary as the Supervisor deems appropriatewill 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 PeriodTerm, the Company shall pay the Executive a base salary (“Base Salary”) at an initial annualized the annual rate of not less than $200,000 per year, 230,000. Base salary shall be payable in accordance with the Company’s regular usual payroll practices relating of the Company. Executive's base salary shall be subject to salaried employeesannual 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 Supervisor may review the base salary as determined as aforesaid from time to time shall constitute "Base Salary from year to year and may approve an increase in the Base Salary as the Supervisor deems appropriateSalary" 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 Period, the Company shall pay the Executive a an annual base salary (“Base Salary”) at an initial annualized rate of $200,000 325,000 per year, payable which shall be paid to Executive in accordance with the Company’s regular standard payroll practices relating practices, as in effect from time to salaried employeestime (such base salary, as may be increased pursuant to the following sentence, the “Base Salary”). The Supervisor may review the Base Salary from year to year and may approve an shall be reviewed annually for increase as determined by the Board or the Compensation Committee thereof in the Base Salary as the Supervisor deems appropriateits sole discretion.
Appears in 2 contracts
Sources: Employment Agreement (Chanticleer Holdings, Inc.), Employment Agreement (Chanticleer Holdings, Inc.)
Base Salary. During the Employment PeriodTerm, the Company shall pay to the Executive a base salary of $450,000 annually, which shall be subject to review and, at the option of 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”) at ). The Base Salary shall be reviewed on an initial annualized rate annual basis for increases in accordance with the review process for senior level executives of $200,000 per year, the Company. The Base Salary shall be payable in accordance with the Company’s regular normal payroll practices relating 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 appropriatepractices.
Appears in 2 contracts
Sources: Employment Agreement (Covetrus, Inc.), Employment Agreement (HS Spinco, Inc.)
Base Salary. During the Employment PeriodTerm, the Company shall pay the Executive a base salary (“the Base Salary”) at an initial annualized the annual rate of $200,000 per year1,500,000, payable in regular installments in accordance with the Company’s regular payroll practices relating to salaried employeesusual payment practices. The Supervisor may review the 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 year time to year and may approve an increase time in the sole discretion of the Board (with such increased amount, if any, constituting “Base Salary as the Supervisor deems appropriateSalary” for purposes of this Agreement).
Appears in 2 contracts
Sources: Employment Agreement (Ami Celebrity Publications, LLC), Employment Agreement (Ami Celebrity Publications, LLC)
Base Salary. During the Employment PeriodTerm, and as of the Restatement Date, the Company shall pay the Executive a base salary (the “Base Salary”) at an initial annualized the annual rate of $200,000 per year250,000, payable in regular installments in accordance with the Company’s regular payroll practices relating usual payment practices. Executive shall be entitled to salaried employees. The Supervisor annual reviews and increases in Executive’s Base Salary, if any, as may review the Base Salary from year to year and may approve an increase be determined in the Base Salary as sole discretion of the Supervisor deems appropriateBoard.
Appears in 2 contracts
Sources: Employment Agreement (Kraton Polymers LLC), Employment Agreement (Polymer Holdings LLC)
Base Salary. During the Employment PeriodTerm, the Company shall will pay the Executive a base salary in the amount of £385,000 per annum (the “Base Salary”) at an initial annualized rate of $200,000 per year), payable in accordance with such installments as the Company’s regular payroll practices relating to salaried employeesCompany pays other similarly situated individuals. The Supervisor may review the Base Salary from year to year and may approve an will be annually reviewed for increase in (but not decrease) by the Base Salary as Compensation Committee of the Supervisor deems appropriateBoard of Directors of the Company (the “Compensation Committee”) during the Term.
Appears in 2 contracts
Sources: Employment Agreement (Perella Weinberg Partners), Employment Agreement (Perella Weinberg Partners)
Base Salary. During the Employment PeriodTerm, the Company shall pay the Executive a an annual base salary (the “Base Salary”) at an initial annualized rate of $200,000 per year260,000, payable in regular installments in accordance with the Company’s regular usual payroll practices relating to salaried employeespractices. The Supervisor may review the Base Salary from year to year may, in the Company’s discretion, be upwardly adjusted and may approve an increase in the Base Salary as the Supervisor deems appropriatenot be decreased after such adjustment.
Appears in 2 contracts
Sources: Employment Agreement, Employment Agreement (Interline Brands, Inc./De)
Base Salary. During the Employment PeriodTerm, the Company shall pay the Executive a base salary (the “Base Salary”) at an initial annualized the annual rate of $200,000 per year350,000, payable in regular installments in accordance with the Company’s regular payroll practices relating usual payment practices. Executive shall be entitled to salaried employees. The Supervisor annual reviews and increases in Executive’s Base Salary, if any, as may review the Base Salary from year to year and may approve an increase be determined in the Base Salary as sole discretion of the Supervisor deems appropriateboard 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 Employment PeriodTerm, the Company shall pay the Executive a base salary (the “Base Salary”) at an initial the annualized rate of $200,000 per year425,000, which shall be subject to customary withholdings and authorized deductions and be payable in equal installments in accordance with the Company’s regular customary payroll practices relating in place from time to salaried employeestime. The Supervisor may review the Executive’s Base Salary from year salary shall be subject to year and may approve an increase in the Base Salary periodic adjustments as the Supervisor deems 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 PeriodTerm, the Company shall pay the Executive a base salary (“Base Salary”) at an initial annualized the annual rate of $200,000 per year600,000, payable in regular installments in accordance with the Company’s regular payroll practices relating to salaried employeesusual payment practices. The Supervisor may review the Executive’s Base Salary shall be subject to annual review and subject to increase, if any, as may be determined from year time to year and may approve an increase time in the sole discretion of the Board or the Compensation Committee of the Board, but in no event shall the Company be entitled to reduce Executive’s Base Salary as the Supervisor deems appropriateSalary.
Appears in 2 contracts
Sources: Employment Agreement (Vivint Smart Home, Inc.), Employment Agreement (Vivint Smart Home, Inc.)
Base Salary. During the Employment Period, the Company shall pay to the Executive a an annual base salary (“the "Base Salary”") at an initial annualized the rate of $200,000 $ 600,000 per year, . The Base Salary shall be reviewed no less frequently than annually and may be increased at the discretion of the Board. The Base Salary shall be payable semi-monthly or in accordance such other installments as shall be consistent with the Company’s regular 's payroll practices relating 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 appropriateprocedures.
Appears in 2 contracts
Sources: Employment Agreement (S1 Corp /De/), Employment Agreement (S1 Corp /De/)
Base Salary. During the Employment PeriodTerm, the Company shall pay the Executive a ----------- base salary (“"Base Salary”) "), payable in equal installments in accordance with the Company's normal practice for paying base salaries to its executive employees. The Base Salary shall initially be payable at an initial annualized the rate of $200,000 per yearannum, payable in accordance with and shall be subject to annual review by the Company’s regular payroll practices relating 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 appropriateBoard 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 Employment PeriodTerm, the Company shall pay the Executive a base salary (“Base Salary”) at an initial annualized the annual rate of $200,000 per year500,000, payable in regular installments in accordance with the Company’s regular payroll practices relating to salaried employeesusual payment practices. The Supervisor may review the Executive’s Base Salary shall be subject to annual review and subject to increase, if any, as may be determined from year time to year and may approve an increase time in the sole discretion of the Board, but in no event shall the Company be entitled to reduce Executive’s Base Salary as the Supervisor deems appropriateSalary.
Appears in 2 contracts
Sources: Employment Agreement (APX Group Holdings, Inc.), Employment Agreement (APX Group Holdings, Inc.)
Base Salary. During the Term of Employment Periodor Renewed Term of Employment, if any, the Company Executive shall pay the Executive receive a base salary (“Base Salary”) at an initial annualized a rate of $200,000 700,000 per yearannum (or such greater amount as shall be recommended by the Company’s Chief Executive Officer and approved by the Executive Compensation Committee), payable monthly or more frequently in accordance with the Company’s regular payroll practices relating practice as applied to salaried employeesother senior executives. The Supervisor may review the Base Salary from year to year and may approve an increase in the Base Salary as the Supervisor deems appropriateSuch base salary shall be reviewed at least annually.
Appears in 2 contracts
Sources: Employment Agreement (Kimco Realty Corp), Employment Agreement (Kimco Realty Corp)
Base Salary. During the Employment PeriodTerm, the Company shall pay the Executive a base salary (“Base Salary”) at an initial annualized the annual rate of $200,000 per year530,450, payable in regular installments in accordance with the Company’s regular payroll practices relating to salaried employeesusual payment practices. The Supervisor may review the Executive’s Base Salary shall be subject to annual review and subject to increase, if any, as may be determined from year time to year and may approve an increase time in the 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 be entitled to reduce Executive’s Base Salary as the Supervisor deems appropriateSalary.
Appears in 2 contracts
Sources: Employment Agreement (APX Group Holdings, Inc.), Employment Agreement (APX Group Holdings, Inc.)
Base Salary. During the Employment PeriodTerm, the Company shall pay the Executive a base salary at the annual rate of $265,000 (“Base Salary”) at an initial annualized rate of $200,000 per year), payable in regular installments in accordance with the Company’s regular payroll practices relating to salaried employeescustomary payment practices. The Supervisor may Base Salary shall be subject to annual review by the Board or the Compensation Committee (or similar committee) of the Company whereupon the Base Salary from year to year and may approve an increase in the Base Salary as the Supervisor deems appropriatebe 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 Employment PeriodTerm, the Company shall pay the Executive a base salary (the “Base Salary”) at an initial annualized the annual rate of $200,000 per year, payable 250,000 to be paid evenly over the course of the year in accordance with the Company’s regular standard payroll practices relating to salaried employeespolicies. The Supervisor may review During the Term, the Base Salary from year to year and may approve an increase in the Base Salary as the Supervisor deems appropriatebe increased but not decreased.
Appears in 2 contracts
Sources: Employment Agreement (Spark Networks Inc), Employment Agreement (Spark Networks Inc)
Base Salary. During the Employment Period, subject to the terms and conditions of this Agreement, the Company shall pay to the Executive a an annual base salary at the gross rate of $1,107,000 (the “Base Salary”) at an initial annualized rate of $200,000 per year), payable in installments in accordance with the Company’s regular executive payroll practices relating 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 appropriatepolicy (but not less frequently than monthly).
Appears in 2 contracts
Sources: Employment Agreement (SMURFIT-STONE CONTAINER Corp), Employment Agreement
Base Salary. During the Employment Period, the The Company Group shall pay the Executive a base salary in the amount of $236,300 per annum, as adjusted as permitted herein (the “Base Salary”) at an initial annualized rate of $200,000 per yearduring the Term, payable in accordance with the CompanyCompany Group’s regular payroll practices relating as in effect from time to salaried employeestime. The Supervisor may review the Base Salary from year shall be periodically reviewed by the Board during the Term and subject to year and may approve an increase in the Base Salary as the Supervisor deems appropriatechange upon reasonable notice.
Appears in 2 contracts
Sources: Employment Agreement (FTC Solar, Inc.), Employment Agreement (FTC Solar, Inc.)
Base Salary. During the Employment PeriodTerm, the Company shall pay the to Executive a an annual base salary (“Base Salary”), which shall initially be $200,000. The Board of Directors (the “Board”) shall review the Executive’s Base Salary no less than annually (at an initial annualized rate the end of $200,000 per year, payable in accordance with the Company’s regular payroll practices relating to salaried employees. The Supervisor compensation year, which shall be its fiscal year) and may review the increase (but not decrease) such Base Salary from year to year and may approve an increase in during the Base Salary as the Supervisor deems appropriateterm of this Agreement.
Appears in 2 contracts
Sources: Employment Agreement (Bluejay Diagnostics, Inc.), Employment Agreement (Bluejay Diagnostics, Inc.)
Base Salary. During the Employment PeriodTerm, the Company shall pay the Executive a base salary (the “Base Salary”) at an initial annualized the annual rate of $200,000 per year900,000.00, payable in regular installments in accordance with the Company’s regular usual payroll practices relating to salaried employeespractices. The Supervisor Board may from time to time review the and increase Executive’s Base Salary from year to year and may approve an increase in the Base Salary as the Supervisor deems appropriateits sole discretion.
Appears in 2 contracts
Sources: Employment Agreement (Itt Industries Inc), Employment Agreement (Itt Corp)
Base Salary. During the Employment PeriodTerm, the Company shall pay the Executive a base salary (the “Base Salary”) at an initial annualized the annual rate of $200,000 per year220,000, payable in regular installments in accordance with the Company’s regular payroll practices relating usual payment practices. Executive shall be entitled to salaried employees. The Supervisor annual reviews and increases in Executive’s Base Salary, if any, as may review the Base Salary from year to year and may approve an increase be determined in the Base Salary as sole discretion of the Supervisor deems appropriateBoard.
Appears in 2 contracts
Sources: Employment Agreement (Kraton Polymers LLC), Employment Agreement (Kraton Polymers LLC)
Base Salary. During the Employment PeriodTerm, the Company Employer shall pay the Executive a an annual base salary (“Base Salary”) at an initial annualized rate of $200,000 per year, 250,000.00 payable in accordance with the CompanyEmployer’s regular customary payroll practices relating to salaried employeesprocedures (the “Base Salary”). The Supervisor may review the Base Salary shall be reviewed on an annual basis by the CEO. All compensation payable to the Executive from year the Employer or its affiliates shall be subject to year all applicable withholding taxes, normal payroll withholding and may approve an increase in any other amounts required by law or the Base Salary as the Supervisor deems appropriateterms of any 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 Employment Period, the Company shall pay the Executive a an annual base salary (“the `Base Salary”') at an the initial annualized annual rate of $200,000 per year230,000, payable in equal monthly installments or otherwise in accordance with the Company’s regular payroll and personnel practices relating of the Company from time to salaried employeestime. The Supervisor may review the Base Salary shall be reviewed annually by the Board or a committee thereof to which the Board may from year time to year and may approve an time have delegated such authority (the `Committee') for possible increase (but not decrease) in the Base Salary sole discretion of the Board or the Committee, as the Supervisor deems appropriatecase may be.
Appears in 2 contracts
Sources: Employment Agreement (R H Donnelley Corp), Employment Agreement (Donnelley R H Inc)
Base Salary. During the Employment Period, the The Company shall pay the Executive a base salary (“Base Salary”) at an initial annualized the rate of $200,000 275,000.00 per yearannum (less applicable deductions and withholdings), payable in periodic payments in accordance with the Company’s regular normal payroll practices relating practices. During the Term, Executive’s compensation shall be reviewed by the Board from time to salaried employeestime and at least once every 12 months. The Supervisor may review the Any increase or decrease in Base Salary from year to year and may approve an increase in (together with the then existing Base Salary Salary) shall serve as the Supervisor deems appropriate“Base Salary” under this Agreement.
Appears in 2 contracts
Sources: Executive Employment Agreement (Akebia Therapeutics, Inc.), Executive Employment Agreement (Akebia Therapeutics, Inc.)
Base Salary. During the Employment Period, the The Company shall pay the Executive during the Term a ----------- base salary (“Base Salary”) at an initial annualized the rate of $200,000 400,000 per yearannum (the "Annual Salary"), payable in accordance with the Company’s regular customary payroll practices relating of the Company applicable to salaried employeessenior executives. The Supervisor may review Annual Salary shall be reviewed at least annually by the Base Salary from year to year and may approve an increase in Compensation Committee of the Base Salary as Board (the Supervisor deems appropriate"Compensation Committee"), but shall not be decreased during the Term.
Appears in 2 contracts
Sources: Employment Agreement (Siemens Aktiengesellschaft/Adr), Employment Agreement (Efficient Networks Inc)
Base Salary. During the Employment PeriodTerm, and as of the Restatement Date, the Company shall pay the Executive a base salary (the “Base Salary”) at an initial annualized the annual rate of $200,000 per year375,000, payable in regular installments in accordance with the Company’s regular payroll practices relating usual payment practices. Executive shall be entitled to salaried employees. The Supervisor annual reviews and increases in Executive’s Base Salary, if any, as may review the Base Salary from year to year and may approve an increase be determined in the Base Salary as sole discretion of the Supervisor deems appropriateboard 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 Period, the Company shall pay the Executive a base salary (the “Base Salary”) set at an initial annualized rate $275,000 per year for calendar year 2007 and subject thereafter to annual review and increase (but not decrease) in the sole discretion of $200,000 per year, the Committee. The Base Salary shall be payable in accordance with the Company’s regular normal payroll practices relating procedures applicable to salaried employees. The Supervisor may review senior executives of the Base Salary Company, as in effect from year time to year and may approve an increase in the Base Salary as the Supervisor deems appropriatetime.
Appears in 2 contracts
Sources: Employment Agreement (On Assignment Inc), Employment Agreement (On Assignment Inc)
Base Salary. During the Employment Period, the Company shall pay the Executive a base salary (the “Base Salary”) initially set at an initial annualized rate of $200,000 261,000 per year, payable in accordance with the Company’s regular normal payroll practices relating procedures applicable to salaried employeessimilarly situated senior executives of OA, as in effect from time to time. The Supervisor may review Beginning in calendar year 2008 and thereafter during the Employment Period, the Base Salary from year shall be subject to year annual review and may approve an increase (but not decrease) in the Base Salary as sole discretion of the Supervisor deems appropriateCommittee.
Appears in 2 contracts
Sources: Employment Agreement (On Assignment Inc), Employment Agreement (On Assignment Inc)
Base Salary. During the Employment PeriodTerm, the Company shall pay the Executive a base salary (“the "Base Salary”") at an initial annualized annual rate of not less than $200,000 per year, 600,000. The Base Salary shall be payable in regular payroll installments in accordance with the Company’s regular 's payroll practices relating as in effect from time to salaried employeestime (but no less frequently than monthly). The Supervisor may Management Compensation Committee of the Board (the "Compensation Committee") shall review the Base Salary from year to year at least annually and may approve an (but shall be under no obligation to) increase in (but not decrease) the Base Salary as on the Supervisor deems appropriatebasis of such review.
Appears in 2 contracts
Sources: Employment Agreement (Nasdaq, Inc.), Employment Agreement (Nasdaq Omx Group, Inc.)
Base Salary. During the Employment PeriodTerm and as of the Restatement Date, the Company shall pay the Executive a base salary (the “Base Salary”) at an initial annualized the annual rate of $200,000 per year250,000, payable in regular installments in accordance with the Company’s regular payroll practices relating usual payment practices. Executive shall be entitled to salaried employeesannual reviews. The Supervisor Increases in Executive’s Base Salary, if any, may review the Base Salary from year to year and may approve an increase be determined in the Base Salary as sole discretion of the Supervisor deems appropriateboard of directors of KRATON (the “Board”).
Appears in 2 contracts
Sources: Employment Agreement, Employment Agreement (Kraton Polymers LLC)
Base Salary. During the Employment PeriodTerm, the Company shall pay the Executive a an annual base salary to be determined by the Board or the Compensation Committee thereof (“Base Salary”) at an initial annualized rate of $200,000 per year, payable in accordance with the Company’s regular payroll practices relating 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 2 contracts
Sources: Executive Employment Agreement (Affiliated Computer Services Inc), Executive Employment Agreement (Affiliated Computer Services Inc)
Base Salary. During the Employment PeriodTerm, the Company shall pay the Executive a base salary (the “Base Salary”) at an initial annualized the annual rate of $200,000 per year200,000, payable in regular installments in accordance with the Company’s regular payroll practices relating usual payment practices. Executive shall be entitled to salaried employees. The Supervisor annual reviews and increases in Executive’s Base Salary, if any, as may review the Base Salary from year to year and may approve an increase be determined in the Base Salary as sole discretion of the Supervisor deems appropriateBoard.
Appears in 2 contracts
Sources: Employment Agreement (Elastomers Holdings LLC), Employment Agreement (Kraton Polymers LLC)
Base Salary. During the Employment Period, the The Company shall pay the Executive a base salary (“the "Base Salary”") during the period of the Executive's employment hereunder, which shall be at an initial annualized rate of Two Hundred and Seventy-One Thousand Dollars ($200,000 271,000.00) per year, payable annum. The Base Salary shall be paid in accordance with the Company’s regular 's standard payroll practices relating to salaried employeespractices. The Supervisor may review the Base Salary from year to year shall be reviewed for possible increase on an annual basis and may approve an increase in shall not be decreased during the Base Salary as the Supervisor deems appropriateTerm.
Appears in 2 contracts
Sources: Employment Agreement (Avangrid, Inc.), Severance Agreement (Avangrid, Inc.)
Base Salary. During the Employment Period, the The Company shall pay the Executive a base salary (“Base Salary”) at an initial annualized rate of $200,000 per yearduring the Term, payable in accordance with the normal payment procedures of the Company’s regular payroll practices relating to salaried employees, at the rate of $508,500 per annum. The Supervisor may Parent and the Company agree to review such compensation not less frequently than annually during the Base Salary from year to year and may approve an increase in the Base Salary as the Supervisor deems appropriateTerm.
Appears in 2 contracts
Sources: Employment Agreement (Simon Property Group L P /De/), Employment Agreement (SPG Realty Consultants Inc)
Base Salary. During the Employment Periodhis employment hereunder, the Company shall pay the to Executive a base salary (“"Base Salary”") at an initial annualized a rate of $200,000 10,625.00 per bi-weekly pay period (which is a rate of $255,000.00 per year), payable in accordance with the Company’s regular subject to all applicable tax withholdings and required payroll practices relating to salaried employees. The Supervisor may review the Base Salary from year to year deductions, which amount shall be reviewed annually and may approve an increase in be increased at the Base Salary as discretion of the Supervisor deems appropriateChief Executive Officer or Board of Directors (or a committee thereof).
Appears in 2 contracts
Sources: Executive Employment Agreement (Manhattan Associates Inc), Executive Employment Agreement (Manhattan Associates Inc)
Base Salary. During the Employment Period, the The Company shall pay the Executive a the base salary (the “Base Salary”) at an initial the annualized rate of $200,000 per year240,000, which shall be subject to customary withholdings and authorized deductions and shall be payable in equal installments in accordance with the Company’s regular customary payroll practices relating in place from time to salaried employeestime. The Supervisor may review the Executive’s Base Salary from year shall be subject to year and may approve review on at least an increase in the Base Salary as the Supervisor deems appropriateannual basis.
Appears in 2 contracts
Sources: Employment Agreement (Corbus Pharmaceuticals Holdings, Inc.), Employment Agreement (Corbus Pharmaceuticals Holdings, Inc.)
Base Salary. During the Employment PeriodTerm, the Company shall pay the Executive a base salary (“Base Salary”) at an initial annualized the annual rate of $200,000 per year655,636, payable in regular installments in accordance with the Company’s regular payroll practices relating to salaried employeesusual payment practices. The Supervisor may review the Executive’s Base Salary shall be subject to annual review and subject to increase, if any, as may be determined from year time to year and may approve an increase time in the sole discretion of the Board or the Compensation Committee of the Board, but in no event shall the Company be entitled to reduce Executive’s Base Salary as the Supervisor deems appropriateSalary.
Appears in 2 contracts
Sources: Employment Agreement (Ap Al LLC), Employment Agreement (Ap Al LLC)
Base Salary. During the Employment PeriodTerm, the Company shall pay the Executive a base salary at the annual rate of $375,000 per year or such higher rate as may be determined annually by the Company (“Base Salary”) at an initial annualized rate of $200,000 per year). Such Base Salary, payable less applicable withholdings, shall be paid in accordance with the Company’s regular standard payroll practices relating 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 appropriatepractice for executives.
Appears in 2 contracts
Sources: Employment Agreement (Warwick Valley Telephone Co), Employment Agreement (Warwick Valley Telephone Co)
Base Salary. During the Employment PeriodTerm, the Company shall pay the (or cause to be paid) to Executive a base salary (“Base Salary”) at an initial annualized the annual rate of $200,000 per year270,400, payable in regular installments in accordance with the Companyusual payment practices of the Company Group. Executive’s regular payroll practices relating to salaried employees. The Supervisor may review the Base Salary shall be subject to annual review and subject to increase, but not decrease, as may be determined from year time to year and may approve an increase time in the Base Salary as sole discretion of the Supervisor deems appropriateBoard.
Appears in 2 contracts
Sources: Employment Agreement (Expion360 Inc.), Employment Agreement (Expion360 Inc.)
Base Salary. During the Employment PeriodTerm, the Company shall pay the Executive a base salary (the “Base Salary”) at an initial the annualized rate of $200,000 per year155,000, which shall be subject to customary withholdings and authorized deductions and be payable in equal installments in accordance with the Company’s regular customary payroll practices relating in place from time to salaried employeestime. The Supervisor may Executive’s Base salary shall be subject to periodic review the Base Salary from year to year and may approve an increase in the Base Salary adjustment as the Supervisor deems 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 the Employment PeriodTerm, the Company shall pay the Executive a base salary (“Base Salary”) at an initial annualized the annual rate of $200,000 per year515,000, payable in regular installments in accordance with the Company’s regular payroll practices relating to salaried employeesusual payment practices. The Supervisor may review the Executive’s Base Salary shall be subject to annual review and subject to increase, if any, as may be determined from year time to year and may approve an increase time in the 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 be entitled to reduce Executive’s Base Salary as the Supervisor deems appropriateSalary.
Appears in 2 contracts
Sources: Employment Agreement (APX Group Holdings, Inc.), Employment Agreement (APX Group Holdings, Inc.)
Base Salary. During the Employment PeriodTerm, the Company shall will pay the Executive a base salary in the amount of $635,000 per annum (the “Base Salary”) at an initial annualized rate of $200,000 per year), payable in accordance with such installments as the Company pays other similarly-situated officers of the Company’s regular payroll practices relating to salaried employees. The Supervisor may review the Base Salary from year to year will be annually reviewed and may approve an increase in be increased (but not decreased) by the Base Salary as Compensation Committee of the Supervisor deems appropriateBoard (the “Compensation Committee”) during the Term.
Appears in 2 contracts
Sources: Employment Agreement (Social Leverage Acquisition Corp I), Employment Agreement (Social Leverage Acquisition Corp I)
Base Salary. During the Employment Period, the The Company shall pay to the Executive a an annual base salary (“the "Base Salary”") at an initial annualized the rate of $200,000 per year250,000, payable in substantially equal installments at such intervals as may be determined by the Company in accordance with the Company’s regular its ordinary payroll practices relating as established from time to salaried employeestime. The Supervisor may review the Base Salary from year to year shall be reviewed by the Compensation Committee of the Board of Directors (the "Board") and may approve an increase the Chief Executive Officer in good faith, based upon the Base Salary as the Supervisor deems appropriateExecutive's performance, not less often than annually.
Appears in 2 contracts
Sources: Employment Agreement (Vonage Holdings Corp), Employment Agreement (Vonage Holdings Corp)
Base Salary. During the Employment PeriodPeriod of Employment, the Company shall will pay the Executive a base salary at an annual rate equal to one million thirty thousand dollars ($1,030,000.00) effective on the Effective Date, subject to such annual increases as the Company’s Board of Directors’ Compensation Committee (the “Committee”) deems appropriate in its sole discretion (“Base Salary”) at an initial annualized rate ). Base Salary will be payable according to the customary payroll practices of $200,000 per year, payable in accordance with the Company’s regular payroll practices relating 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 2 contracts
Sources: Employment Agreement (Wyndham Hotels & Resorts, Inc.), Employment Agreement (Wyndham Hotels & Resorts, Inc.)
Base Salary. During the Employment PeriodTerm, the Company shall pay the Executive a base salary (“Base Salary”) salary, payable in equal installments in accordance with Company payroll procedures, at an initial annualized annual rate of $200,000 per year350,000, payable in accordance with subject to annual review by the Company’s regular payroll practices relating 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 appropriateBoard.
Appears in 2 contracts
Sources: Employment Agreement (Hillman Companies Inc), Employment Agreement (Hillman Companies Inc)
Base Salary. During the Employment PeriodTerm, the Company shall pay to the Executive a base salary (the “Base Salary”) at an initial annualized the rate of no less than $200,000 335,000 per calendar year, payable less applicable deductions. The Base Salary shall be reviewed for increase by the Board no less frequently than annually and shall be increased in the discretion of the Board and any such adjusted Base Salary shall constitute the “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the Company’s regular payroll practices relating 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 appropriateprocedures.
Appears in 2 contracts
Sources: Employment Agreement (Masonite International Corp), Employment Agreement (Masonite International Corp)
Base Salary. During the Employment PeriodTerm, the Company shall pay the Executive a base salary (“Base Salary”) at an initial annualized the annual rate of $200,000 300,000 per year, payable year or such higher rate as may be determined from time to time by the Board ("Base Salary"). Such Base Salary shall be paid in accordance with the Company’s regular 's standard payroll practices relating 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 appropriatepractice for senior executives.
Appears in 2 contracts
Sources: Employment Agreement (Ogden Corp), Employment Agreement (Ogden Corp)
Base Salary. During the Employment PeriodTerm, the Company shall pay the Executive a base salary (the “Base Salary”) at an initial the annualized rate of $200,000 per year395,000, which shall be subject to customary withholdings and authorized deductions and be payable in equal installments in accordance with the Company’s regular customary payroll practices relating in place from time to salaried employeestime. The Supervisor may review the Executive’s Base Salary from year salary shall be subject to year and may approve an increase in the Base Salary periodic adjustments as the Supervisor deems CEO shall in his discretion deem appropriate.
Appears in 2 contracts
Sources: Employment Agreement, Employment Agreement (Provention Bio, Inc.)
Base Salary. During the Employment PeriodTerm, the Company shall pay the Executive a base salary (“Base Salary”) at an initial annualized the annual rate of $200,000 per year325,000 ("Base Salary"), payable in regular installments in accordance with the Company’s regular payroll practices relating to salaried employees's customary payment practices. The Supervisor may Base Salary shall be subject to annual review by the Board or the Compensation Committee (or similar committee) of the Company whereupon the Base Salary from year to year and may approve an increase in the Base Salary as the Supervisor deems appropriatebe 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 Employment PeriodTerm, the Company shall pay the Executive a base salary (as may be adjusted, the “Base Salary”) at an initial annualized the annual rate of $200,000 per year, 500,000 payable in regular installments in accordance with the Company’s regular payroll practices relating to salaried employeesPolicies. The Supervisor may Board shall review the Base Salary from year to year and may approve an increase in the Base Salary as the Supervisor deems appropriateannually.
Appears in 2 contracts
Sources: Employment Agreement (Meta Materials Inc.), Employment Agreement (Meta Materials Inc.)
Base Salary. During As compensation for the performance by the Executive of his obligations hereunder, during the Employment Period, the Company shall pay the Executive a base salary at an annual rate of $600,000 (the “Base Salary”) at an initial annualized rate of $200,000 per year, ). The Base Salary shall be payable in accordance with the Company’s regular regularly established payroll practices relating to salaried employeespractice. The Supervisor may Board shall conduct an annual review of the Base Salary from year to year and may approve an increase in the (but not decrease) such Base Salary as the Supervisor deems appropriatein 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 Employment PeriodTerm, the Company shall pay the Executive a base salary (“Base Salary”) at an initial annualized the annual rate of $200,000 per year1,021,200, payable in regular installments in accordance with the Company’s regular payroll practices relating to salaried employeesusual payment practices. The Supervisor may review the Executive’s Base Salary shall be subject to annual review and subject to increase, if any, as may be determined from year time to year and may approve an increase time in the sole discretion of the Board or the Compensation Committee of the Board, but in no event shall the Company reduce Executive’s Base Salary as the Supervisor deems appropriateSalary.
Appears in 2 contracts
Sources: Employment Agreement (Vivint Smart Home, Inc.), Employment Agreement (Vivint Smart Home, Inc.)
Base Salary. During the Employment Period, the Company shall will pay the Executive a base salary at the annual rate of $250,000, 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”) at an initial annualized rate of $200,000 per year, ). The Base Salary will be payable in substantially equal installments in accordance with the Company’s regular payroll practices relating as in effect from time 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 appropriatetime.
Appears in 2 contracts
Sources: Employment Agreement (Sulphco Inc), Employment Agreement (Sulphco Inc)
Base Salary. During the Employment Period, the The Company shall pay the Executive a an annual base salary (the “Base Salary”) at an initial annualized rate of $200,000 per year240,000 during the Fixed Term, payable in accordance with the Company’s regular standard payroll practices relating to salaried employeesof the Company. The Supervisor may review the Executive’s Base Salary from year shall be reviewed on or about the commencement of the At-Will Term and annually thereafter, at which times it shall be subject to year and may approve an increase in or decrease at the Base Salary as discretion of the Supervisor deems appropriateBoard.
Appears in 2 contracts
Sources: Employment Agreement (DigitalTown, Inc.), Employment Agreement (DigitalTown, Inc.)
Base Salary. During the Employment Period, the The Company shall pay the Executive during the Term a ----------- base salary (“Base Salary”) at an initial annualized the rate of $200,000 250,000 per yearannum (the "Annual Salary"), payable in accordance with the Company’s regular customary payroll practices relating of the Company applicable to salaried employeessenior executives. The Supervisor may review Annual Salary shall be reviewed at least annually by the Base Salary from year to year and may approve an increase in Compensation Committee of the Base Salary as Board (the Supervisor deems appropriate"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 Employment PeriodPeriod of Employment, the Company shall pay the Executive a base salary (the “Base Salary”) at an initial annualized rate of $200,000 per year), payable which shall be paid in accordance with the Company’s regular payroll practices relating in effect from time to salaried employeestime, but not less frequently than monthly. The Supervisor may Executive’s Base Salary shall be at an annualized rate of four hundred and ten thousand dollars ($410,000). The Board (or a committee thereof) will review the Executive’s rate of Base Salary from year to year on an annual basis and may approve an may, in its sole discretion, increase (but not decrease) the rate then in the Base Salary as the Supervisor deems appropriateeffect.
Appears in 2 contracts
Sources: Employment Agreement (Marquee Holdings Inc.), Employment Agreement (Amc Entertainment Inc)
Base Salary. During the Employment PeriodTerm, the Company shall pay the Executive a base salary (the “Base Salary”) at an initial annualized the annual rate of $200,000 per year315,000, payable in regular installments in accordance with the Company’s regular payroll practices relating usual payment practices. Executive shall be entitled to salaried employees. The Supervisor annual reviews and increases in Executive’s Base Salary, if any, as may review the Base Salary from year to year and may approve an increase be determined in the Base Salary as sole discretion of the Supervisor deems appropriateBoard.
Appears in 1 contract
Base Salary. During the Employment PeriodTerm, the Company shall pay the Executive a base salary at the annualized rate of [●] or such higher rate as may be determined from time to time by the Company (“Base Salary”) at an initial annualized rate of $200,000 per year, payable ). Such Base Salary shall be paid in accordance with the Company’s regular standard payroll practices relating practice for executives, which may change prospectively from time to salaried employees. The Supervisor time as may review be determined by the Base Salary from year to year and may approve an increase in the Base Salary as the Supervisor deems appropriateCompany.
Appears in 1 contract
Base Salary. During the Employment Period, the Company shall pay to the Executive a base salary at the rate of $275,000 per annum (“Base Salary”) at an initial annualized rate of $200,000 per year), payable in accordance with the Company’s regular executive payroll practices relating to salaried employeespolicy. The Supervisor may review the Such Base Salary from year shall be reviewed annually, and shall be subject to year and may approve an increase in such annual increases, if any, as determined by the Base Salary as Compensation Committee of the Supervisor deems appropriateBoard.
Appears in 1 contract
Base Salary. During the Employment PeriodTerm, the Company shall pay the Executive a base salary at the annual rate of $328,846 (“Base Salary”) at an initial annualized rate of $200,000 per year), payable in regular installments in accordance with the Company’s regular payroll practices relating to salaried employeescustomary payment practices. The Supervisor may Base Salary shall be subject to annual review by the Board or the Compensation Committee (or similar committee) of the Company whereupon the Base Salary from year to year and may approve an increase in the Base Salary as the Supervisor deems appropriatebe increased (but not decreased) at their sole discretion.
Appears in 1 contract
Sources: Employment Agreement (Banctec Inc)
Base Salary. During the Employment Period, the The Company shall pay the Executive Executive, not less than once a month pursuant to the Company's normal and customary payroll procedures, a base salary (“Base Salary”) at an initial annualized the rate of $200,000 760,000 per year, payable in accordance with annum (the Company’s regular payroll practices relating to salaried employees"Base Salary"). The Supervisor may Company shall review the Executive's Base Salary from year to year and may approve an increase in the Base Salary as the Supervisor deems appropriateannually.
Appears in 1 contract