Common use of Basic Rate Clause in Contracts

Basic Rate. Executive shall be compensated at the annualized rate of $180,000 per annum (the "Base Rate"). The Base Rate will be increased by 4% per annum on the yearly anniversary of this agreement.

Basic Rate. Executive shall be compensated at the annualized rate of $180,000 220,000 per annum (the "Base Rate"). The Base Rate will be increased by 4% per annum on the yearly anniversary of this agreement.