Employer shall pay to Employee as compensation for all services rendered by Employee a base salary of $475,000 per year during the Initial Term, or such other sums as the parties may mutually agree on from time to time, payable in accordance with Employer’s regular payroll practices as in effect from time to time with respect to all office employees of Employer, but no less frequently than monthly (“Base Salary”). The Board or, if the same is established, the human resources or compensation committee of the Board (the “Compensation Committee”) shall have the right to increase Employee’s Base Salary from time to time, and Employee shall be entitled to an annual or more frequent review thereof as determined by the Board, with the first such review to occur in the first calendar quarter of Employer’s 2020 fiscal year. Such increased Base Salary then shall become Employee’s “Base Salary” for purposes of this Agreement.
Employer shall pay to Employee as compensation for all services rendered by Employee a base salary of $475,$300,000 per year during the Initial Term, or such other sums as the parties may mutually agree on from time to time, payable in accordance with Employer’s regular payroll practices as in effect from time to time with respect to all office employees of Employer, but no less frequently than monthly (“Base Salary”). The Board or, if the same is established, the human resources or compensation committee of the Board (the “Compensation Committee”) shall have the right to increase Employee’s Base Salary from time to time, and Employee shall be entitled to an annual or more frequent review thereof as determined by the Board, with the first such review to occur in the first calendar quarter of Employer’s 20202018 fiscal year. Such increased Base Salary then shall become Employee’s “Base Salary” for purposes of this Agreement.
EmployerCompensation. The Company shall pay to Employee as compensationEmployee, for all services renderedto be performed by Employee aan annual base salary (Base Salary) at the rate of $475,000$463,500 per yearfiscal year, or such greater amount as may be authorized by the Compensation Committee of the Board of Directors of the Company (the Compensation Committee), in its sole discretion, upon annual review during the Initial Term, or such other sums as the parties may mutually agree on from time to time,Term of employment, payable in periodic installments in accordance with Employer’the Companys regular payroll practices aspractice in effect from time to time with respect to all office employeesand prorated for any portion of Employer, but no less frequently than monthly (“Base Salary”). The Board or, ifa fiscal year (the Companys fiscal year currently being the same is established, the human resources or compensation committeeperiod from June 1 of each year through May 31 of the Board (the “Compensation Committee”) shall have the right to increase Employee’s Base Salary from time to time, and Employee shall be entitled to an annual or more frequent review thereof as determined by the Board, with the first such review to occur in the first calendar quarter of Employer’s 2020 fiscal year. Such increased Base Salary then shall become Employee’s “Base Salary” for purposes of this Agreement.following year).
EmployerBase Salary. The Company shall pay to Employee as compensation for all services rendered by Employee a basean annual salary of $475,$1,100,000 per year during the Initial Term, or such other sums as the parties may mutually agree on from time to time,(Base Salary), payable in accordance with Employer’s regularthe normal payroll practices as in effect from time to time with respect to all office employees of Employer, but no less frequently than monthly (“Base Salary”). The Board or, if the same is established, the human resources or compensation committee of the Board (the “Compensation Committee”) shall have the right to increase Employee’Company. Employees Base Salary from timewill be reviewed and be subject to time, and Employee shall be entitled to an annual or more frequent review thereof as determinedadjustment by the Board,Board of Directors or its Compensation Committee at their discretion each fiscal year in accordance with the first suchCompanys annual review to occur inpolicy, commencing with the first calendar quarter of Employer’s 2020 fiscal year. Such increased Base Salary then shall become Employee’s “Base Salary” for purposes of this Agreement.year 2017.
EmployerBase Salary. Employee’s initial annual base salary under this Agreement shall be $115,500, subject to required and authorized deductions and withholdings. This base salary is subject to upward or downward adjustment by the recommendations of the CEO, Chairman of the Board and Vice Chairman of the Board, the Compensation Committee and the final approval of the Board. This Compensation shall be reviewed at least annually. The Company shall pay the base salary to Employee as compensation for all services rendered by Employee ain accordance with its standard payroll practices. Employee’s base salary of $475,000 per year duringmay be subject to review and adjustment by the Initial Term, or such other sums as the parties may mutually agree onCompany from time to time, payable in accordance with Employer’s regular payroll practices as in effect from time to time with respect to all office employees of Employer, but no less frequently than monthly (“Base Salary”). The Board or, if the same is established, the human resources or compensation committee of the Board (the “Compensation Committee”) shall have the right to increase Employee’s Base Salary from time to time, and Employee shall be entitled to an annual or more frequent review thereof as determined by the Board, with the first such review to occur in the first calendar quarter of Employer’s 2020 fiscal year. Such increased Base Salary then shall become Employee’s “Base Salary” for purposes of this Agreement.time.
Section # Base Compensation. Subject to the terms and conditions of this Agreement, as compensation for services rendered and Employee's covenants and agreements under this Agreement, Employer shall pay to Employee as compensation for all services rendered by Employee a base salary of $475,000FOUR HUNDRED FIFTY THOUSAND AND NO/100THS DOLLARS ($450,000.00) per year during the Initial Term, or such other sums as the parties may mutually agree on(as adjusted from time to time, the "Base Compensation"), payable in accordance with Employer’Employer's regular payroll practices as in effect fromthen-prevailing pay practices. From time to time with respect to all office employees of Employer, but no less frequently than monthly (“Base Salary”). The Board or, if the same is established, the human resources or compensation committee of the Board (the “Compensation Committee”) shall have the right to increase Employee’s Base Salary from time to time,(but at least once a year) Employer and Employee shall review Employee's performance, and at that time Employer, in its sole discretion, shall determine whether Employee's Base Compensation should be entitled to an annual or more frequent review thereof as determined byincreased. At no time during the Board, withTerm hereof will Employee's Base Compensation be decreased, without the first such review to occur in the first calendar quarterexpress written consent of Employer’s 2020 fiscal year. Such increased Base Salary then shall become Employee’s “Base Salary” for purposes of this Agreement.Employee.
EmployerBase Salary. The Company shall pay to Employee as compensation for all services rendered by Employee aan annualized base salary of $475,$350,000 per year during(the “Base Salary”) beginning on the Initial Term,effective date of this Agreement, less such deductions as are required by law or such other sums as the partiesthat Employee may mutually agree on from time to time, payableelect in accordance with Employer’Company policy and procedure, payable in equal periodic installments in accordance with the Company’s regularcustomary payroll practices as in effect from time to time with respect to all office employees of Employer,practices, but no less frequently than monthly (“Base Salary”).monthly. The Board or, if the same is established, the human resources or compensation committee of the Board (the “Compensation Committee”) shall have the right to increase Employee’s Base Salary from time to time, and Employee shall be entitled to an annual or more frequent review thereof as determinedprorated for any partial year of employment on the basis of a 365-day year. The Base Salary shall be reviewed at least annually by the Board,Company’s Board of Directors (the “Board”) and may change at the Board’s sole and absolute discretion in consultation with the first such review to occur in the first calendar quarter of Employer’s 2020 fiscal year. Such increased Base Salary then shall become Employee’s “Base Salary” for purposes of this Agreement.CEO.
Base Compensation. Employer shall payagrees to compensate the Employee as compensation for allhis services rendered by Employeeduring the period of his employment hereunder at a minimum base salary of $475,000Two Hundred Twenty-Five Thousand Dollars ($225,000) per year during the Initial Term, or such other sums as the parties may mutually agree on from time to time,annum, payable in accordance with Employer’s regular payroll practices as in effect from time to time with respect to all office employees of Employer, but no less frequently than monthly (“Base Salary”). The Board or, if the same is established, the human resources or compensation committee of the Board (the “Compensation Committee”) shall have the right to increase Employee’s Base Salary from time to time, andsemimonthly. Employee shall be entitled to an annual or more frequent review thereofreceive such increases in this minimum base salary, as determined by the Board, withCompensation Committee of the first such review to occurBoard of Directors of Employer shall, in the first calendar quarter of Employer’s 2020 fiscal year. Such increased Base Salary then shall become Employee’s “Base Salary” for purposes of this Agreement.their sole discretion determine.
Section # Base Compensation. Subject to the terms and conditions of this Agreement, as compensation for services rendered and Employee’s covenants and agreements under this Agreement, Employer shall pay to Employee as compensation for all services rendered by Employee a base salary of $475,000THREE HUNDRED AND FORTY THOUSAND AND NO/100THS DOLLARS ($340,000.00) per year during the Initial Term, or such other sums as the parties may mutually agree on(as adjusted from time to time, the “Base Compensation”), payable in accordance with Employer’s regular payroll practices as in effect fromthen-prevailing pay practices. From time to time with respect to all office employees of(but at least once a year) Employer and Employee shall review Employee’s performance, and at that time Employer, but no less frequently than monthly (“Base Salary”). The Board or, if the same is established, the human resources or compensation committee of the Board (the “Compensation Committee”)in its sole discretion, shall have the right to increasedetermine whether Employee’s Base Salary fromCompensation should be increased. At no time to time, and Employee shallduring the Term hereof will Employee’s Base Compensation be entitled to an annual or more frequent review thereof as determined bydecreased without the Board, with the first such review to occur in the first calendar quarterexpress written consent of Employer’s 2020 fiscal year. Such increased Base Salary then shall become Employee’s “Base Salary” for purposes of this Agreement.Employee.
Base Compensation. Employer shall payagrees to compensate the Employee as compensation for allher services rendered by Employeeduring the period of her employment hereunder at a minimum base salary of $475,000Three Hundred Seventy-Five Thousand Dollars ($375,000) per year during the Initial Term, or such other sums as the parties may mutually agree on from time to time,annum, payable in accordance with Employer’s regular payroll practices as in effect from time to time with respect to all office employees of Employer, but no less frequently than monthly (“Base Salary”). The Board or, if the same is established, the human resources or compensation committee of the Board (the “Compensation Committee”) shall have the right to increase Employee’s Base Salary from time to time, andsemi-monthly. Employee shall be entitled to an annual or more frequent review thereofreceive such increases in this minimum base salary, as determined by the Board, withCompensation Committee of the first such review to occurBoard of Directors of Employer shall, in the first calendar quarter of Employer’s 2020 fiscal year. Such increased Base Salary then shall become Employee’s “Base Salary” for purposes of this Agreement.their sole discretion determine.
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