Base 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 365-day year. The Base Salary shall be reviewed at least annually by the Company’s Board of Directors (the “Board”) and may change at the Board’s sole and absolute discretion in consultation with the CEO.
Base Salary. The Company shall pay to Employee an annualizedannual 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 365-day year. The Base Salary shall be reviewed at least annually by the Company’s Board of Directors (the “Board”) and may changeincrease (but not decrease) at the Board’s sole and absolute discretion in consultation with the CEO.discretion.
Base Salary. The Company shall pay to Employee an annualized baseannual salary of $350,$1,100,000 (the “Base Salary”(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 customarynormal payroll practices, but no less frequently than monthly. Thepractices of the Company. Employees Base Salary shall be prorated for any partial year of employment on the basis of a 365-day year. The Base Salary shallwill be reviewed at least annuallyand be subject to adjustment by the Company’s Board of Directors (the “Board”) and may changeor its Compensation Committee at the Board’s sole and absolutetheir discretion each fiscal year in consultationaccordance with the CEO.Companys annual review policy, commencing with the fiscal year 2017.
Base Salary. The Company shall pay to Employee an annualizedEmployee’s initial annual base salary of $350,000 (the “Base Salary”) beginning on the effective date ofunder 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 SalaryAgreement shall be prorated for any partial year$115,500, subject to required and authorized deductions and withholdings. This base salary is subject to upward or downward adjustment by the recommendations of employment on the basisCEO, Chairman of a 365-day year. The Base Salarythe Board and Vice Chairman of the Board, the Compensation Committee and the final approval of the Board. This Compensation shall be reviewed at least annuallyannually. The Company shall pay the base salary to Employee in accordance with its standard payroll practices. Employee’s base salary may be subject to review and adjustment by the Company’s Board of Directors (the “Board”) and may change at the Board’s sole and absolute discretion in consultation with the CEO.Company from time to time.
Base Salary. The CompanyCorporation shall pay tothe Employee an annualizeda base salary of $350,000 (the “Base Salary”) beginning on, initially at the effective daterate of this Agreement, less$270,000 per annum, payable monthly, semi-monthly or weekly according to the Corporation’s general practice for its officers. Such Base Salary may be modified by the Chief Executive Officer or the Compensation Committee of the Board of Directors (or, if the Employee is an “Executive Officer” under regulations of the Securities and Exchange Commission, then only by the Compensation Committee of the Board of Directors) in their sole discretion. Following any 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. Themodification, any then-current Base Salary shall be proratedthe “Base Salary” for any partial yearpurposes of employment on the basis of a 365-day year. The Base Salary shall be reviewed at least annually by the Company’s Board of Directors (the “Board”) and may change at the Board’s sole and absolute discretion in consultation with the CEO.this Agreement.
Base Salary. The CompanyCorporation shall pay tothe Employee an annualizeda base salary of $350,000 (the “Base Salary”) beginning on, initially at the effective daterate of this Agreement, less$285,000 per annum, payable monthly, semi-monthly or weekly according to the Corporation’s general practice for its officers. Such Base Salary may be modified by the Chief Executive Officer or the Compensation Committee of the Board of Directors (or, if the Employee is an “Executive Officer” under regulations of the Securities and Exchange Commission, then only by the Compensation Committee of the Board of Directors) in their sole discretion. Following any 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. Themodification, any then-current Base Salary shall be proratedthe “Base Salary” for any partial yearpurposes of employment on the basis of a 365-day year. The Base Salary shall be reviewed at least annually by the Company’s Board of Directors (the “Board”) and may change at the Board’s sole and absolute discretion in consultation with the CEO.this Agreement.
Base Salary. The CompanyEmployee shall pay to Employee an annualizedbe paid a base salary at the rate of $350,000 (the “Base($522,365.00) per annum (“Base Salary”) beginning on the effective date of this Agreement,, less such deductions as arefor withholding taxes required byunder applicable law or that Employee may elect in accordance with Company policyas otherwise authorized by the Executive. The Base Salary shall accrue from and procedure,after the Effective Date and shall be payable during the Term in equal periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than monthly.then current general salary payment policies. The Base Salary shall be prorated for any partial year of employment on the basis of a 365-day year. TheExecutive’s Base Salary shall be reviewed at least annuallyfrom time to time by the Company’s Board of Directors (the “Board”) and may changebe increased based upon the evaluation of the Executive’s performance and the compensation policies of the Company in effect at the Board’s sole and absolute discretion in consultation with the CEO.time of each such review.
Base Salary. TheDuring the period from the Effective Date through the end of the Employment Term, the Company shall pay to Employee an annualizedannual base salarysalary, before deducting all applicable withholdings, of $350,$500,000 (the “Base Salary”) beginning onper year, payable at the effective date of this Agreement, less such deductions as are required by law or that Employee may electtime and 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 365-day year. The Base Salary shall be reviewed at least annuallymanner dictated by the Company’s Boardstandard payroll policies. Such minimum annual base salary may be periodically reviewed and increased (but not decreased without Employee's express written consent except in the case of Directors (the “Board”) and may changea salary decrease for all executive officers of the Company) at the Board’s sole and absolute discretion in consultation withof the CEO.CEO and/or the Company Board or a committee thereof (such annual base salary, including any increases, the "Annual Base Salary").
Base Salary. The CompanyDuring the Term, Employee shall pay to Employee an annualizedreceive as compensation a base salary at an annual rate 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.three hundred sixty thousand Dollars ($360,000.00), as it may be adjusted from time to time (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 prorated for any partial year of employment onpayable in accordance with the basis of a 365-day year. TheCompanys regular payroll practices and procedures. Employees Base Salary shall be reviewed at least annuallysubject to annual review by the Company’s Board of Directors (the “Board”) and may change at the Board’s sole and absolute discretion in consultation with the CEO.(excluding Employee, if then a Board member).
Base Salary. The Company shall pay to Employee an annualizedannual rate of base salary of $350,$256,000 (the “Base(“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 365-day year. The Base Salary shall be reviewed at least annually by the Company’s Board of Directors (the “Board”)practices and may change at the Board’s sole and absolute discretion in consultation with the CEO.all applicable wage payment laws.
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