Base Salary. During the Term, the Executives initial annual base salary shall be $160,000. The Executives base salary shall be reviewed at least annually by the Board and may be increased in its discretion but, once increased, may not be decreased. 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 Companys usual payroll practices for senior executives. Until the Company consummates its Initial (Alternative) Public Offering, the Company may substitute a portion of the Base Salary cash amount with stock, depending upon cash needs of the Company.
Base Salary. During the Term, the Executives initial annual base salary shall be $80,000. The Executives base salary shall be reviewed at least annually by the Board and may be increased in its discretion but, once increased, may not be decreased. 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 Companys usual payroll practices for senior executives. Until the Company consummates its Initial (Alternative) Public Offering, the Company may substitute a portion of the Base Salary cash amount with stock, depending upon cash needs of the Company.
Base Salary. During the Term, the Executives initial annual base salary shall be $300,000. The Executives base salary shall be reviewed at least annually by the Board and may be increased in its discretion but, once increased, may not be decreased. 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 Companys usual payroll practices for senior executives. Until the Company consummates its Initial (Alternative) Public Offering, the Company may defer up to 20% of the Base Salary for a maximum of 1 year, depending upon cash needs of the Company.
Base Salary. During the Term, the Executives annual base salary shall be $265,000 (the Base Salary). The Base Salary shall be payable in accordance with the Companys normal payroll procedures in effect from time to time and may be increased, but not decreased, at the discretion of the Company.
Base Salary. During the Term, the Company will pay the Executive an annual base salary of at least $400,000.00 for each twelve-month period of the Term. The base salary shall be reviewed for increase (but not decrease) by the Compensation Committee (the "Committee") of the Board of Directors (the “Board”) no less than annually.
Base Salary. Executive’s annual rate of base salary shall be $600,000 (the “Base Salary”). The Company shall pay the Base Salary in periodic installments in accordance with its payroll practices. The Base Salary shall be reviewed at least annually by the Board, or a committee thereof, and may be increased (but not decreased).
Base Salary. During the Employment Period, the Executive’s base salary shall be $450,000 (such annual salary, as it may be adjusted upward by the Board in its discretion, being referred to as the “Base Salary”). The Base Salary shall be payable in regular installments in accordance with the Company’s general payroll practices, shall be subject to customary withholding and may be increased (but not decreased) at the discretion of the Board.
Base Salary. The Company shall pay the Executive an annual base salary (the Base Salary) of $240,000 during the Fixed Term, payable in accordance with the standard payroll practices of the Company. The Executives Base Salary shall be reviewed on or about the commencement of the At-Will Term and annually thereafter, at which times it shall be subject to increase or decrease at the discretion of the Board.
Base Salary. During the Employment Period, the Company shall pay the Executive, as compensation for the performance of the Executive’s duties and obligations under this Agreement, an annual base salary of $340,000, payable in a manner that is consistent with the Company’s usual payroll practices for senior executives. The Executive’s base salary shall be reviewed annually by each of the Compensation Committee of the Board or any successor to such committee (the “Committee”) and the Board or for adjustment. Such adjustment, if any, shall be within the sole discretion of the Board. The annual base salary in effect at any given time is referred to herein as “Base Salary.”
Base Salary. During the Term, Executive shall be entitled to a base salary of $25,000.00 per month (which annualizes to $300,000.00 per year), pro-rated for any partial month, less applicable tax and other withholdings (“Base Salary”), which shall be paid in accordance with the Company’s normal payroll practices and applicable state and federal law. The Base Salary may be increased but not decreased in the sole discretion of the Board.
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