Compensation Salary. 6.1 Effective July 1, 2018, the annual salary of ▇▇. ▇▇▇▇▇▇▇▇ shall be $287,000, and shall be paid in twelve (12) equal monthly installments. 6.2 The Board, in consultation with the ▇▇▇▇▇ ▇▇▇, reserves the right to otherwise adjust the Executive Director’s salary. Any adjustment in salary during the term of this Agreement shall be only in the form of an amendment and only as mutually agreed by and between the Parties, and shall not operate as a termination of this Agreement. 6.3 It is further provided that, with respect to any adjustment in salary, it shall not be considered that a new Agreement has been entered into or that the termination date of the existing Agreement has been extended.
Appears in 1 contract
Sources: Employment Agreement
Compensation Salary. 6.1 Effective July 1, 20182024, the annual salary of ▇▇. ▇▇▇▇▇▇▇▇ shall be $287,000306,000, and shall be paid in twelve (12) equal monthly installments.
6.2 The Board, in consultation with the ▇▇▇▇▇ ▇▇▇, reserves the right to otherwise adjust the Executive Director’s salary. Any adjustment in salary during the term of this Agreement shall be only in the form of an amendment and only as mutually agreed by and between the Parties, and shall not operate as a termination of this Agreement.
6.3 It is further provided that, with respect to any adjustment in salary, it shall not be considered that a new Agreement has been entered into or that the termination date of the existing Agreement has been extended.
Appears in 1 contract
Sources: Employment Agreement