Salary. During the Term of this Agreement, the Employee shall be paid an initial base salary (the “Base Salary”), payable bi-weekly, at an annualized rate of One Hundred Eighty Thousand Dollars ($180,000). The amount of the Base Salary may be increased from time to time at the sole discretion of the Board of Directors. Bonus: The Company shall pay Employee a bonus (the “Bonus”) as follows: # 3% of any net revenues. (ii) the Bonus may be paid, at the election of Employee, in cash or shares of Common Stock (calculated at the fair market value of such shares as determined by the Board). Cash bonus will be paid quarterly.
Base Salary. During the Term of this Agreement,The Company shall pay the Employee shall be paid an initial basea fixed salary (the “Base(“Base Salary”), payable bi-weekly, at an annualized rate of One Hundred EightyTwenty Thousand Dollars ($180,120,000). per year, paid at a rate of Ten Thousand Dollars ($10,000.00) per month, bi-monthly. The amountBoard of Directors shall review the Employee’s Base Salary may be increased from time to time atwith a view to increasing such Base Salary if, in the sole discretionjudgment of the Board of Directors. Bonus:Directors, the earnings of the Company or the services of the Employee merit such an increase. The Base Salary shall be payable in accordance with the customary payroll practices of the Company. In the event the Company does not have sufficient cash on hand to pay such monthly Base Salary, Employee agrees to voluntarily defer such payment(s) until such time as sufficient cash is available to make such payments. Such deferred compensation, if any, shall paybe a priority payment when cash is sufficient to make such payment(s). The Employee a bonus (the “Bonus”)may use his discretion, in conjunction with advice and counsel from the Company’s Chief Financial Officer, as follows: # 3%to what constitutes cash sufficiency from time-to-time. If there is disagreement with the CFO’s position as to what constitutes cash sufficiency, the Employee shall request the Board of any net revenues. (ii) the Bonus may be paid, at the election of Employee, in cash or shares of Common Stock (calculated at the fair market value ofDirectors to make such shares as determined by the Board). Cash bonus will be paid quarterly.determination.
Base Salary. During the Term of this Agreement, theTerm, Employee shall be paid an initialreceive as compensation a base salary (the “Base Salary”), payable bi-weekly, at an annualizedannual rate of One Hundred Eighty Thousandno less than three hundred sixty thousand Dollars ($180,000). The amount of the Base Salary360,000.00), as it may be increasedadjusted from time to time at(the Base Salary), less any federal, state and local payroll taxes and other withholdings legally required or properly requested by Employee. The Base Salary shall be payable in accordance with the sole discretion ofCompanys regular payroll practices and procedures. Employees Base Salary shall be subject to annual review by the Board of Directors. Bonus: The Company shall pay Employee(excluding Employee, if then a bonus (the “Bonus”) as follows: # 3% of any net revenues. (ii) the Bonus may be paid, at the election of Employee, in cash or shares of Common Stock (calculated at the fair market value of such shares as determined by the Board)Board member). Cash bonus will be paid quarterly.
Salary. During the Term of this Agreement, the Employee shall be paid an initial base salary (the “Base Salary”), payable bi-weekly, at an annualized rate of One Hundred Eighty Thousand Dollars ($180,000). The amount of the Base Salary may be increased from time to time at the sole discretion of the Board of Directors. Bonus:Salary. The Company shall pay to Employee an annualized base salary of $350,000 (the “Base Salary”) beginning on the effective date of this Agreement, less such deductions as are required by law or that Employee may elect in accordance with Company policy and procedure, payable in equal periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than monthly. The Base Salary shall be prorated for any partial year of employment on the basis of a bonus365-day year. The Base Salary shall be reviewed at least annually by the Company’s Board of Directors (the “Bonus”“Board”) as follows: # 3% of any net revenues. (ii) the Bonusand may be paid,change at the election of Employee,Board’s sole and absolute discretion in cash or shares of Common Stock (calculated atconsultation with the fair market value of such shares as determined by the Board). Cash bonus will be paid quarterly.CEO.
Salary. During the Term of this Agreement, the Employee shall be paid an initial base salary (the “Base Salary”), payable bi-weekly, at an annualized rate of One Hundred Eighty Thousand Dollars ($180,000). The amount of the Base Salary may be increased from time to time at the sole discretion of the Board of Directors. Bonus:Salary. The Company shall pay Employee a bonus (the “Bonus”) as follows: # 3%an annual salary of any net revenues. (ii)$1,100,000 (Base Salary), payable in accordance with the Bonus maynormal payroll practices of the Company. Employees Base Salary will be paid, at the election of Employee, in cash or shares of Common Stock (calculated at the fair market value of such shares as determinedreviewed and be subject to adjustment by the Board). Cash bonus will be paid quarterly.Board of Directors or its Compensation Committee at their discretion each fiscal year in accordance with the Companys annual review policy, commencing with the fiscal year 2017.
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