Example ContractsClausesBase Cash Salary
Base Cash Salary
Base Cash Salary contract clause examples

Base Cash Salary. Your initial base cash salary will be at a rate of $315,000 per year.

Base Salary. During the Term hereof, the Company shall pay the Executive a base salary at the rate of FOUR HUNDRED TWENTY-FIVE THOUSAND DOLLARS ($425,000 USD) per annum, payable in accordance with the payroll practices of the Company for its executives and subject to adjustment by the Board or the Committee, in its sole discretion. Such base salary, as from time to time adjusted, is hereafter referred to as the “Base Salary”. All compensation and benefits for the Executive, including Base Salary, shall be retroactive to January 1, 2022.

Base Salary. Employee shall be paid a base salary of $400,000 (“Base Salary”), subject to applicable federal, state, and local withholding, and such other withholding agreed to by the Parties or otherwise required by law, or as may be periodically increased from time to time by the Company in its sole discretion. The parties agree that the Company may decrease Executive’s Base Salary without Executive’s consent only in connection with an across the board reduction applicable to similarly situated executives in accordance with the Company’s business needs. The Base Salary shall be paid to Employee in the same manner and on the same payroll schedule in which all Company executive employees receive payment. Any increases in the Base Salary of Employee shall be in the sole discretion of the Board, and nothing herein shall be deemed to require any such increase.

Base Salary. The Executive’s initial base salary shall be paid at the rate of $450,000 per year. The Executive’s base salary shall be subject to periodic review by the Board or the Compensation Committee of the Board (the “Compensation Committee”). The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Base Salary. Employee shall receive cash severance in an amount equal to Employee’s annual base salary for the Standard Severance Period (as defined above). The cash amount shall be paid, less applicable tax withholdings, in equal installments on the Company’s regular payroll schedule during the period commencing on the date of termination under this Section 11(d) and continuing through the Standard Severance Period, provided, that no payment shall be made prior to the Initial Payment Date (as defined above). On the Initial Payment Date, the Company shall pay Employee in a lump sum the cash amount that Employee would have received on or prior to the Initial Payment Date under the original schedule but for the delay while waiting for Initial Payment Date in compliance with Section 409A and the effectiveness of the Release, with the balance of the cash amount being paid as originally scheduled. Notwithstanding the foregoing, the Company, in its sole and absolute discretion, may pay the cash amount in the form of a lump sum, which amount will be paid on the Initial Payment Date, but such lump sum payment shall be made only if the Company, in consultation with its advisors, determines that such payment will not result in adverse taxation under Section 409A;

Base Salary. During the Employment Period, the Company shall pay to Executive an annualized base salary of $200,000 (the “Base Salary”) in consideration for Executive’s services under this Agreement, payable in substantially equal installments in conformity with the Company’s customary payroll practices for similarly situated employees as may exist from time to time, but no less frequently than monthly.

Base Cash Salary. Your initial base cash salary will be at a rate of $410,000 per year, payable in accordance with the Company’s customary payroll process.

Base Salary. During the Term, the Bank will pay to Executive an annualized base salary of $408,000 per year, payable in accordance with the Bank’s normal payroll practices. The base salary will be subject to annual review for increase but may not be decreased without Executive’s consent. As used in this Agreement, the term “Base Salary” means, as of any given date, Executive’s annualized base salary as of such date.

Base Salary. Employee shall receive cash severance in an amount equal to Employee’s annual base salary (as in effect immediately prior to any reduction giving rise to Good Reason, if applicable) for eighteen (18) months (the “Standard Severance Period”). The cash amount shall be paid, less applicable tax withholdings, in equal installments on the Company’s regular payroll schedule during

Base Salary. So long as this Agreement remains in effect, for all services rendered by Executive hereunder and all covenants and conditions undertaken by the Parties pursuant to this Agreement, the Company shall pay, and Executive shall accept, as compensation, an annual base salary (“Base Salary”) of $180,000, which shall automatically increase by $60,000 annually, beginning December 31, 2022 and on each December 31 thereafter. In addition, for so long as Executive is employed hereunder, beginning December 31, 2022, and on each December 31st thereafter, the Base Salary may be further increased as determined by the Board or any compensation committee it may establish (the “Committee”, which term shall refer to the Board of Directors to the extent there is no such compensation committee at any time), in its sole and absolute discretion. Such increase in salary shall be documented in the Company’s records, but shall not require the Parties enter into a new or amended form of this Agreement. The Base Salary shall be payable in regular installments in accordance with the normal payroll practices of the Company, in effect from time to time, but in any event no less frequently than on a monthly basis.

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