Base Salary. During the Employment Period, the Executive shall receive an annual base salary (the “Annual Base Salary”) at an annual rate at least equal to 12 times the highest monthly base salary paid or payable, including any base salary that has been earned but deferred, to the Executive by the Company and or the applicable Affiliated Entity in respect of the one-year period immediately preceding the month in which the Effective Date occurs. The Annual Base Salary shall be paid at such intervals as the Company or the applicable Affiliated Entity pays executive salaries generally. During the Employment Period, the Annual Base Salary shall be reviewed at least annually, beginning no more than 12 months after the last salary increase awarded to the Executive prior to the Effective Date. Any increase in the Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. The Annual Base Salary shall not be reduced after any such increase and the term “Annual Base Salary” shall refer to the Annual Base Salary as so increased.
Base Salary. During the Employment Period, the Executive shall receive an annual base salary (the “Annual("Annual Base Salary”Salary"), which shall be paid at an annual ratea monthly rate, at least equal to 12twelve times the highest monthly base salary paid or payable, including any base salary thatwhich has been earned but deferred, to the Executive by the Company and or the applicable Affiliated Entityits affiliated companies in respect of the one-year12‑month period immediately preceding the month in which the Effective Date occurs. The Annual Base Salary shall be paid at such intervals as the Company or the applicable Affiliated Entity pays executive salaries generally. During the Employment Period, the Annual Base Salary shall be reviewed at least annually, beginning no more than 12 months after the last salary increase awarded to the Executive prior to the Effective Date.Date and thereafter at least annually and shall be first increased no more than 12 months after the last salary increase awarded to the Executive prior to the Effective Date and thereafter at least annually by the higher of # the average increase (excluding promotional increases) in base salary awarded to the Executive for each of the three full fiscal years (annualized in the case of any fiscal year consisting of less than twelve full months or during which the Executive was employed for less than twelve months) prior to the Effective Date, and # the percentage increase (excluding promotional increases) in base salary generally awarded to peer executives of the Company and its affiliated companies for the year of determination. Any increase in the Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. The Annual Base Salary shall not be reduced after any such increase and the term “AnnualAnnual Base Salary”Salary as utilized in this Agreement shall refer to the Annual Base Salary as so increased. As used in this Agreement, the term "affiliated companies" shall include any company controlled by, controlling or under common control with the Company.
Base Salary. During the Employment Period, the Executive shall receive an annual base salary (the “Annual(“Annual Base Salary”), which shall be paid at an annual ratea monthly rate, at least equal to 12twelve times the highest monthly base salary paid or payable, including any base salary thatwhich has been earned but deferred, to the Executive by the Company and or the applicable Affiliated Entityits affiliated companies in respect of the one-yeartwelve-month period immediately preceding the month in which the EffectiveChange of Control Date occurs. The Annual Base Salary shall be paid at such intervals as the Company or the applicable Affiliated Entity pays executive salaries generally. During the Employment Period, the Annual Base Salary shall be reviewed at least annually, beginning no more than 12 months after the last salary increase awarded to the Executive prior to the Effective Date.Change of Control Date and thereafter at least annually. Any increase in the Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. The Annual Base Salary shall not be reduced after any such increase and the term “AnnualAnnual Base Salary”Salary as utilized in this Agreement shall refer to the Annual Base Salary as so increased. As used in this Agreement, the term “affiliated companies” shall include any company controlled by, controlling or under common control with the Company.
Annual Base Salary. During the Employment Period, theThe Executive shall receivebe paid an annual base salary (the “Annual("Annual Base Salary”Salary") at an annual rate, in equal biweekly installments or otherwise in accordance with the Company’s then-current payroll practice, at least equal to 12 times the highest monthlyannual rate of base salary being paid or payable, including any base salary that has been earned but deferred, to the Executive by the Company and or the applicableits Affiliated Entity in respectCompanies as of the one-year period immediately preceding the month in which the Effective Date occurs.Date. The Annual Base Salary shall be paid at such intervals as the Company or the applicable Affiliated Entity pays executive salaries generally. During the Employment Period, the Annual Base Salary shall be reviewed at least annually, beginning no more than 12 months after the lastannually and shall be increased substantially consistent with increases in base salary increasegenerally awarded to other peer executives of the Executive prior to the Effective Date.Company and its Affiliated Companies. Any increase in the Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. The Annual Base Salary shall not be reduced after any such increase and the term “Annual"Annual Base Salary”Salary" as utilized in this Agreement shall refer to the Annual Base Salary as so increased.
Annual Base Salary. During the Employment Period, theThe Executive shall receivebe paid an annual base salary (the “Annual("Annual Base Salary”Salary") at an annual rate, in equal biweekly installments or otherwise in accordance with the Company’s then-current payroll practice, at least equal to 12 times the highest monthlyannual rate of base salary being paid or payable, including any base salary that has been earned but deferred, to the Executive by the Company and or the applicableits Affiliated Entity in respectCompanies as of the one-year period immediately preceding the month in which the Effective Date occurs.Date. The Annual Base Salary shall be paid at such intervals as the Company or the applicable Affiliated Entity pays executive salaries generally. During the Employment Period, the Annual Base Salary shall be reviewed at least annually, beginning no more than 12 months after the lastannually and shall be increased substantially consistent with increases in base salary increasegenerally awarded to other peer executives of the Executive prior toCompany and its Affiliated Companies. Such increases shall in no event be less than the Effective Date.increases in the U.S. Department of Labor Consumer Price Index - U.S. City Average Index. Any increase in the Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. The Annual Base Salary shall not be reduced after any such increase and the term “Annual"Annual Base Salary”Salary" as utilized in this Agreement shall refer to the Annual Base Salary as so increased.
Base Salary. DuringFor services rendered by the Executive under this Agreement during the Employment Period, the ExecutiveCompany shall receivepay to the Executive an annual base salary (the “Annual (“Base Salary”) at an annual rate at least equal to 12 times the highest monthly base salary, evenly paid twice a month or payable, including any base salary that has been earned but deferred, to the Executive byon such other schedule as salaried employees of the Company are generally and orregularly compensated. Effective as of January 1, 2023, through the applicable Affiliated Entity in respectterm of this Agreement, the one-year period immediately preceding the month in which the Effective Date occurs. The Annual Base Salary shall be paid at such intervals as the Company or the applicable Affiliated Entity pays executive salaries generally. During the Employment Period, the Annual Base Salary shall be reviewed at least annually, beginningrate of no moreless than 12 months after the last salary increase awarded to the Executive prior to the Effective Date. Any increase in the Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. The Annual Base Salary shall not be reduced after any such increase and the term “Annual Base Salary” shall refer to the Annual Base Salary as so increased.$650,000 per year.
Annual Base Salary. During the Employment Period,Term of Employment, the ExecutiveCompany shall receivepay to Executive, in accordance with the Company’s Policies and practices in effect from time to time, an annual base salary (the “Annual Base Salary”) at an annual rate at least equal to 12 times the highest monthly base salary paid or payable, including any base salary that has been earned but deferred, to the Executive by the Company and or the applicable Affiliated Entity in respect of the one-year period immediately preceding the month in which the Effective Date occurs. The Annual Base Salary shall be paid at such intervals as the Company or the applicable Affiliated Entity pays executive salaries generally. During the Employment Period, the Annual Base Salary shall be reviewed at least annually, beginning no more than 12 months after the last salary increase awarded to the Executive prior to the Effective Date. Any increase in the Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. The Annual Base Salary shall not be reduced after any such increase and the term “Annual Base Salary” shall refer to the Annual Base Salary as so increased.of:
Base Salary. During the Employment Period, the ExecutiveThe Employee shall receive an annualbe paid a base salary (the “Annual at the rate of ($522,365.00) per annum (“Base Salary”) at an annual rate at least equal to 12 times the highest monthly base salary paid, less such deductions for withholding taxes required under applicable law or payable, including any base salary that has been earned but deferred, to the Executiveas otherwise authorized by the CompanyExecutive. The Base Salary shall accrue from and or the applicable Affiliated Entity in respect of the one-year period immediately preceding the month in whichafter the Effective Date occurs. The Annual Base Salaryand shall be paid at such intervals aspayable during the Company or the applicable Affiliated Entity pays executive salaries generally. During the Employment Period, the AnnualTerm in equal periodic installments in accordance with Company’s then current general salary payment policies. The Executive’s Base Salary shall be reviewed at least annually, beginning no more than 12 months afterfrom time to time by the last salary increase awarded toBoard and may be increased based upon the Executive prior toevaluation of the Effective Date. Any increase in the Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. The Annual Base Salary shall not be reduced after any such increaseExecutive’s performance and the term “Annual Base Salary” shall refer tocompensation policies of the Annual Base Salary as so increased.Company in effect at the time of each such review.
Base Salary. During the Employment Period, the ExecutiveCompany shall receivepay the Executive, as compensation for the performance of the Executive’s duties and obligations under this Agreement, an annual base salary (the “Annual Base Salary”) at an annual rate at least equal to 12 timesof $340,000, payable in a manner that is consistent with the highest monthlyCompany’s usual payroll practices for senior executives. The Executive’s base salary paid or payable, including any base salary that has been earned but deferred, to the Executive by the Company and or the applicable Affiliated Entity in respect of the one-year period immediately preceding the month in which the Effective Date occurs. The Annual Base Salary shall be paid at such intervals as the Company or the applicable Affiliated Entity pays executive salaries generally. During the Employment Period, the Annual Base Salary shall be reviewed at least annually, beginning no more than 12 months afterannually by each of the last salary increase awardedCompensation Committee of the Board or any successor to the Executive prior to the Effective Date. Any increase in the Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. The Annual Base Salary shall not be reduced after any such increasecommittee (the “Committee”) and the term “Annual Base Salary”Board or for adjustment. Such adjustment, if any, shall referbe within the sole discretion of the Board. The annual base salary in effect at any given time is referred to the Annual Base Salaryherein as so increased.“Base Salary.”
Base Salary. During the Employment Period,Period of Employment, the Company will pay the Executive shall receive an annuala base salary (the “Annual Base“Base Salary”) at an annual rate at least equal, which shall be paid in accordance with the Company’s regular payroll practices in effect from time to 12 timestime. Beginning March 13, 2018, the highest monthly base salary paid or payable, including any base salary that has been earned but deferred, to the Executive by the Company and or the applicable Affiliated Entity in respect of the one-year period immediately preceding the month in which the Effective Date occurs. The AnnualExecutive’s Base Salary shall be paid at such intervals as the Company or the applicable Affiliated Entity pays executive salaries generally. During the Employment Period, the Annualan annualized rate of $650,000. (The additional Base Salary shall be reviewed at least annually, beginning no more than 12 months after the last salary increase awardeddue to the Executive as a result of applying such rate of Base Salary to any payroll periods completed prior to the Effective Date. Any increase inDate will be paid promptly after the AnnualEffective Date.) The Board (or a committee thereof) will review the Executive’s rate of Base Salary on a periodic basis (annually, commencing with fiscal year 2019) and may, in its sole discretion, increase, but shall not serve to limit or reduce any other obligation todecrease, the Executive under this Agreement. The Annual Base Salary shall not be reduced after any such increase and the term “Annual Base Salary” shall refer to the Annual Base Salary as so increased.rate then in effect.
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