Title; Base Salary Clause Samples

The "Title; Base Salary" clause establishes the employee's official job title and specifies the amount of their regular base salary. Typically, this clause identifies the position the employee will hold within the organization and states the annual or periodic salary they will receive, exclusive of bonuses or other compensation. By clearly defining both the role and the base pay, this clause ensures mutual understanding of the employee's position and compensation, reducing the risk of disputes over job expectations or salary.
Title; Base Salary. Effective as of the date of this Agreement, you will be employed as General Manager of Rapidtron and will earn a base salary of $150,000 per annum through December 31, 2004. Base salary will be payable on the same schedule and otherwise in accordance with Rapidtron's normal practices for its senior executives.
View SourceView Similar (3)
Title; Base Salary. Effective as of the date of this Agreement, you will be employed as Chairman of the Board, Chief Executive Officer and President of Rapidtron and will earn a base salary of $120,000.00 per annum through December 31, 2004; provided, however, if Rapidtron is "profitable" (as defined below) at the end of the calendar year 2003, you will receive a bonus in the amount of $55,000.00 and your base salary will be increased thereafter to $175,000.00 per year through December 31, 2004. If you do not receive the foregoing increase in base salary for the calendar year 2004 and Rapidtron is profitable and the end of the calendar year 2004, you will receive a bonus in the amount of $55,000.00. Subject to the foregoing, base salary will be payable on the same schedule and otherwise in accordance with Rapidtron's normal practices for its senior executives. As used in this Agreement, "profitable" shall mean Rapidtron's EBITDA for the fiscal year shall be at least $500,000.00.
View SourceView Similar (2)
Title; Base Salary. Effective as of the date of this Agreement, you will be employed as General Manager of Rapidtron and will earn a base salary of $90,000.00 per annum through December 31, 2003. If Rapidtron is "profitable" (as defined below) at the end of the calendar year 2003, you will receive a bonus in the amount of $35,000.00 and your base salary will be increased to $125,000.00 per year through December 31, 2004. If you do not receive the foregoing increase in base salary for the calendar year 2004 and Rapidtron is profitable and the end of the calendar year 2004, you will receive a bonus in the amount of $35,000.00. Subject to the foregoing, base salary will be payable on the same schedule and otherwise in accordance with Rapidtron's normal practices for its senior executives. As used in this Agreement, "profitable" shall mean Rapditron's EBITDA for the fiscal year shall be at least $350,000.00.
View SourceView Similar (2)
Title; Base Salary. Effective as of the date of this Agreement, you will ------------------ be employed as Vice President of Resort Sales of Rapidtron and will earn a base salary of $115,000 per annum. Base salary will be payable on the same schedule and otherwise in accordance with Rapidtron's normal practices for its senior executives.
View Source
Title; Base Salary. You will continue to be employed as President and Chief Executive Officer of PSI and to report to the Board. Your base salary will continue at the rate of $400,000 annually through July 31, 2004. From and after August 1, 2004, your base salary will be increased to the rate of $450,000 annually. Your base salary will be payable in accordance with PSI's standard payroll practices. So long as you serve as PSI's Chief Executive Officer, PSI shall include you on the slate of directors nominated for election at each annual meeting of PSI stockholders.
View Source

Related to Title; Base Salary

  • 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”).

  • 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.

  • Base Salary and Bonus As compensation for the Executive's services under this Agreement, the Executive shall receive and the Company shall pay a weekly base salary set forth on Exhibit A. Such base salary may be increased but not decreased during the Term or Renewal Period in the Company's discretion based upon the Executive's performance and any other factors the Company deems relevant. Such base salary shall be payable in accordance with the policy then prevailing for the Company's executives. In addition to such base salary, the Executive shall be entitled during the Term or Renewal Period to a performance bonus set forth on Exhibit A and to participate in and receive payments from, at the Company's election, other bonus and other incentive compensation plans, if any, as may be adopted by the Company.

  • 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 and Benefits (a) During the Employment Period, the Company shall pay Executive an annual base salary of $535,600 (the “Base Salary”). As used herein, references to “Base Salary” shall include all subsequent increases in annual base salary during the Employment Period. The Base Salary shall be payable in regular installments in accordance with the Company’s general payroll practices (as in effect from time to time). (b) In addition to the Base Salary, during the Employment Period, Executive will be eligible to earn an annual bonus under a bonus plan to be established by the Company, payable in accordance with the Company’s customary practices, as determined by the Board, in its sole discretion based upon the Company’s achievement of budgetary and other objectives set by the Board; provided that, in determining the amount of the annual bonus, if any, to be paid to Executive, the Board shall, in determining whether the Company has achieved the budgetary and other goals set by the Board, disregard any payments by the Company and its subsidiaries to Onex (as defined below) and affiliates. (c) During the Employment Period, Executive shall be entitled to participate in all of the Company’s employee benefit programs for which senior executives of the Company and its subsidiaries are generally eligible. Without duplication of any employee benefits provided to all senior executives of the Company and its subsidiaries, the Company shall reimburse Executive for the annual premium cost of $1 million of term life insurance coverage purchased by Executive on his life, up to a maximum of Eleven Thousand Dollars ($11,000) per year. (d) During the Employment Period, the Company shall (without duplication of any employee benefits provided to Executive pursuant to other provisions of this Agreement) reimburse Executive for all reasonable business expenses incurred by him in the course of performing his duties and responsibilities under this Agreement which are consistent with the Company’s policies in effect from time to time with respect to travel, entertainment and other business expenses, subject to the Company’s requirements with respect to reporting and documentation of such expenses. (e) All amounts payable or otherwise provided to Executive pursuant to this Agreement shall be subject to all applicable withholding and deduction obligations.