Example ContractsClausesAnnual Salary
Annual Salary
Annual Salary contract clause examples

Annual Salary. CEO shall be paid by USPB a base annual salary of $330,000 for each Current Period employment year 2019, 2020, and 2021 during the term of CEO's employment under this Agreement, pro-rated for partial years, payable on USPB's normal payroll dates.

Annual Salary. The Participant’s regular annual base salary immediately prior to his termination of employment, including compensation converted to other benefits under a flexible pay arrangement maintained by the Company or any Subsidiary or deferred pursuant to a written plan or agreement with the Company or any Subsidiary, but excluding overtime pay, allowances, premium pay, compensation paid or payable under any Company bonus or incentive plan of the Company or any Subsidiary or any similar payment.

Annual Salary. During the Term, the Company shall pay Executive a base salary at the rate of $330,000 per annum, in accordance with the customary payroll practices of the Company applicable to senior executives, but not less frequently than monthly. The Compensation Committee (the “Compensation Committee”) of the Board shall review Executive’s base salary during the Term and may increase such amount as it may deem advisable (such salary, as the same may be increased, the “Annual Salary”). The Annual Salary shall be prorated for any partial calendar year during the Term.

Annual Salary. Executive’s Annual Salary shall be Six Hundred Thousand Dollars ($600,000), as it may be increased by the Board and set forth in any exhibit delivered to Executive subsequent to the date of this Addendum.

Annual Base Salary. The Executive shall be paid an annual base salary ("Annual Base Salary"), in equal biweekly installments or otherwise in accordance with the Company’s then-current payroll practice, at least equal to the annual rate of base salary being paid to the Executive by the Company and its Affiliated Companies as of the Effective Date. The Annual Base Salary shall be reviewed at least annually and shall be increased substantially consistent with increases in base salary generally awarded to other peer executives of the Company and its Affiliated Companies. Such increases shall in no event be less than the increases in the U.S. Department of Labor Consumer Price Index - U.S. City Average Index. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term "Annual Base Salary" as utilized in this Agreement shall refer to Annual Base Salary as so increased.

Salary. From and after the Promotion Date, Employee shall earn an annual base salary of US $500,000 (“Salary”), less all applicable taxes and withholdings as required by law, and such other payroll deductions as are determined by Company policy or as Employee may approve from time-to-time, which shall be paid consistent with the Company’s ordinary and regular payroll practices and in accordance with applicable law. This position is classified as exempt under federal and state wage and hour laws, meaning that Employee will not be eligible for overtime pay. The Company reserves the right to modify Employee’s Salary in its sole discretion any time and in accordance with applicable law.

Salary. The Executive shall be entitled to receive for all services rendered by the Executive in any and all capacities in connection with the Executive’s employment hereunder a salary (as it may be adjusted from time to time, “Salary”) at the rate of $250,000 per annum, payable in equal installments in accordance with the prevailing practices of the Company (but not less frequently than monthly). In addition, an allowance shall be paid for living expenses incurred during periods when Executive is absent from his permanent residence (Denver, Colorado) on Company business. This allowance is estimated at $2,200 per calendar month inclusive of housing rental amounts, and any amount reimbursed in excess of that amount must be approved, in writing, by the Compensation Committee. Additionally, a maximum

Salary. The Company shall pay you base salary (as may be increased, “Salary”) at a rate of One Million Three Hundred Fifty Thousand Dollars ($1,350,000) per year for all of your services as an employee of the Company. Your Salary shall be subject to merit reviews, on or about an annual basis, while actively employed during the Contract Period and may, at that time, be increased but not decreased. Your Salary, less deductions and income and payroll tax withholding as may be required under applicable law, shall be payable in accordance with the Company’s ordinary payroll policy, but no less frequently than monthly.

Salary. The Base Salary is $330,000 annualized (the “Base Salary”), payable in installments in accordance with the Company’s regular payroll schedule.

Salary. The Officer shall be paid a salary of $220,000.00 per year (the "Salary"), which shall be reviewed by the Compensation Committee of the Board (the “Committee”) at least annually for increase, but not decrease. The Salary will be payable in accordance with the normal payroll procedures of the Company, or such other installments as the Officer and the Company from time to time mutually agreed upon. The Salary shall be prorated on a daily basis for any partial salary payment periods for which services are rendered at the end of the employment period.

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