Increases to Base Salary Clause Samples

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Increases to Base Salary. The Board shall review the Base Salary on not less than an annual basis. The Board, in its sole and absolute discretion, may elect to increase the Base Salary at any time, but shall not ever decrease the Base Salary below its then-current amount. Any increase in the Base Salary shall constitute an amendment to this Agreement solely as to the amount of the Base Salary, without waiver or modification of any other terms or conditions of this Agreement.
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Increases to Base Salary. In the event that any other employee of New Surge or any of its subsidiaries receives a base salary in excess of $200,000.00, the Executive's Base Salary shall be increased commensurately so that his Base Salary remains at all times as high or higher than that received by any other employee of New Surge or its subsidiaries. In addition, promptly following each anniversary of the Effective Time (as defined in the Merger Agreement), provided that Executive has elected to continue his employment for the succeeding year, the compensation committee of New Surge's Board of Directors shall review Executive's Base Salary and implement such increase, if any, as it shall determine is reasonable and appropriate; provided, however, that in the event any other employee of New Surge or any of its subsidiaries has received an increase to his or her base salary during the 12-month period preceding such review of Executive's Base Salary, the amount of the increase to Executive's Base Salary shall equal or exceed the amount of the greatest salary increase received by any such other person."
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Increases to Base Salary. In the event that any other employee of the Company or any of its subsidiaries receives a base salary in excess of $200,000.00, Employee's Base Salary shall be increased commensurately so that his Base Salary remains at all times as high or higher than that received by any other employee of the Company or its subsidiaries. In addition, promptly following each anniversary of the Effective Date during the term of this Agreement, the compensation committee of the Company's Board shall review Employee's Base Salary and implement such increase, if any, as it shall determine is reasonable and appropriate; provided, however, that in the event any other employee of the Company or any of its subsidiaries has received an increase to his or her base salary during the 12-month period preceding such review of Employee's Base Salary, the amount of the increase to Employee's Base Salary shall equal or exceed the amount of the greatest salary increase received by any such other person.
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Increases to Base Salary. Executive’s Base Salary will increase upon certain events as described below. Notwithstanding the foregoing, Executive may be entitled to an increase in Base Salary from time to time as determined by the Managing Member. For the purposes of this Agreement, “Target Business Under Management” shall mean lines, classes, categories or programs of property and casualty business, identified solely by the Managing Member, and measured by gross written premium produced or underwritten by a subsidiary of the Company. Business written by United Casualty and Surety Insurance Company (“UC&S”) from another subsidiary of the Company shall only be counted once. For the avoidance of doubt, non-targeted business classes, as defined solely by the Managing Member, placed by a subsidiary of the Company with other carriers, apart from the amount of target business written by such subsidiary of the Company, shall not be included in Target Business Under Management.
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Related to Increases to Base Salary

  • Annual Salary Executive's compensation shall consist of an annual base salary (the "Annual Salary") of one hundred fifty thousand dollars ($150,000), before all customary payroll deductions. The Annual Salary shall be reviewed, and shall be subject to change, by the Board of Directors of Employer (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.

  • Base Salary Executive will be paid an annual base salary, during the Term, in the amount set forth in Addendum A, as may be increased or decreased by Employer from time to time (“Base Salary”). The Base Salary shall be payable by Employer in regular installments in accordance with Employer’s general payroll practices (in effect from time to time). All amounts payable to Executive as compensation hereunder shall be subject to all required and customary withholding by Employer.

  • Annual Base Salary During the Term, Executive shall receive a base salary at a rate of $500,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

  • Salary No salary will be paid to a Member for the performance of his or her duties under this Agreement unless the salary has been approved in writing by a Majority of the Members.

  • Base Compensation During the time that Executive is an employee of the Company, the Company shall pay to Executive a base salary (the “Base Salary”) of $333,000 per annum, payable in regular installments in accordance with the Company’s usual payment practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during the term of this Agreement and adjusted accordingly at the discretion of the Compensation Committee.