Example ContractsClausesbase salaryVariants
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Base Salary. The Company shall pay the Employee a fixed salary (“Base Salary”) of One Hundred Twenty Thousand Dollars ($120,000) per year, paid at a rate of Ten Thousand Dollars ($10,000.00) per month, bi-monthly. The Board of Directors shall review the Employee’s Base Salary from time to time with a view to increasing such Base Salary if, in the judgment of the Board of Directors, the earnings of the Company or the services of the Employee merit such an increase. The Base Salary shall be payable in accordance with the customary payroll practices of the Company. In the event the Company does not have sufficient cash on hand to pay such monthly Base Salary, Employee agrees to voluntarily defer such payment(s) until such time as sufficient cash is available to make such payments. Such deferred compensation, if any, shall be a priority payment when cash is sufficient to make such payment(s). The Employee may use his discretion, in conjunction with advice and counsel from the Company’s Chief Financial Officer, as to what constitutes cash sufficiency from time-to-time. If there is disagreement with the CFO’s position as to what constitutes cash sufficiency, the Employee shall request the Board of Directors to make such determination.

Base Salary. The Company shall pay the Employee a fixedan annual salary (“of $1,100,000 (“Base SalarySalary”) of One Hundred Twenty Thousand Dollars ($120,000) per year, paid at a rate of Ten Thousand Dollars ($10,000.00) per month, bi-monthly. The Board of Directors shall review the Employee’s Base Salary from time to time with a view to increasing such Base Salary if, in the judgment of the Board of Directors, the earnings of the Company or the services of the Employee merit such an increase. The Base Salary shall be, payable in accordance with the customarynormal payroll practices of the Company. In the event the Company does not have sufficient cash on handEmployee’s Base Salary will be reviewed and be subject to pay such monthly Base Salary, Employee agrees to voluntarily defer such payment(s) until such time as sufficient cash is available to make such payments. Such deferred compensation, if any, shall be a priority payment when cash is sufficient to make such payment(s). The Employee may use his discretion, in conjunction with advice and counsel from the Company’s Chief Financial Officer, as to what constitutes cash sufficiency from time-to-time. If there is disagreement with the CFO’s position as to what constitutes cash sufficiency, the Employee shall requestadjustment by the Board of Directors to make such determination.or its Compensation Committee at their discretion each fiscal year in accordance with the Company’s annual review policy, commencing with the fiscal year 2017.

Salary. During the Term of this Agreement, the Employee shall be paid an initial base salary (the “Base Salary”), payable bi-weekly, at an annualized rate of One Hundred Eighty Thousand Dollars ($180,000). The amount of the Base Salary.Salary may be increased from time to time at the sole discretion of the Board of Directors. Bonus: The Company shall pay the Employee a fixed salary (“Base Salarybonus (the “Bonus) as follows: # 3% of One Hundred Twenty Thousand Dollars ($120,000) per year,any net revenues. (ii) the Bonus may be paid, at the election of Employee, in cash or shares of Common Stock (calculated at the fair market value of such shares as determined by the Board). Cash bonus will be paid at a rate of Ten Thousand Dollars ($10,000.00) per month, bi-monthly. The Board of Directors shall review the Employee’s Base Salary from time to time with a view to increasing such Base Salary if, in the judgment of the Board of Directors, the earnings of the Company or the services of the Employee merit such an increase. The Base Salary shall be payable in accordance with the customary payroll practices of the Company. In the event the Company does not have sufficient cash on hand to pay such monthly Base Salary, Employee agrees to voluntarily defer such payment(s) until such time as sufficient cash is available to make such payments. Such deferred compensation, if any, shall be a priority payment when cash is sufficient to make such payment(s). The Employee may use his discretion, in conjunction with advice and counsel from the Company’s Chief Financial Officer, as to what constitutes cash sufficiency from time-to-time. If there is disagreement with the CFO’s position as to what constitutes cash sufficiency, the Employee shall request the Board of Directors to make such determination.quarterly.

Base Salary. The CompanyDuring the Term, Employee shall pay the Employeereceive as compensation a fixedbase salary (“Base Salary”) of One Hundred Twenty Thousand Dollars ($120,000) per year, paid at aan annual rate of Ten Thousandno less than three hundred sixty thousand Dollars ($10,360,000.00) per month, bi-monthly. The Board of Directors shall review the Employee’s Base Salary, as it may be adjusted from time to time with a view to increasing such Base Salary if, in the judgment of the Board of Directors, the earnings of the Company(the “Base Salary”), less any federal, state and local payroll taxes and other withholdings legally required or the services of the Employee merit such an increase.properly requested by Employee. The Base Salary shall be payable in accordance with the customaryCompany’s regular payroll practices of the Company. In the event the Company does not have sufficient cash on hand to pay such monthlyand procedures. Employee’s Base Salary, Employee agrees to voluntarily defer such payment(s) until such time as sufficient cash is available to make such payments. Such deferred compensation, if any,Salary shall be a priority payment when cash is sufficientsubject to make such payment(s). The Employee may use his discretion, in conjunction with advice and counsel from the Company’s Chief Financial Officer, as to what constitutes cash sufficiency from time-to-time. If there is disagreement with the CFO’s position as to what constitutes cash sufficiency, the Employee shall requestannual review by the Board of Directors to make such determination.(excluding Employee, if then a Board member).

Base Salary. The CompanyAs compensation for the services contemplated herein, Employee shall pay the Employeereceive a fixedbase salary (“Base Salary”) of One Hundred and Twenty Five Thousand and 00/100 Dollars ($120,125,000) per year,annum (“Base Salary”), to be paid at a rate of Ten Thousand Dollars ($10,000.00) per month, bi-monthly. The Board of Directorsin accordance with Company’s then-current payroll practices and policies. Company shall review the Employee’deduct and withhold all necessary social security and withholding taxes and any other similar sums required by law from any compensation paid to Employee. Employee’s Base Salary shall be reviewed, at least annually and, in the absolute discretion of Company, may be adjusted upward from time to time with a view to increasingbased upon the performance of Employee, the financial condition of Company, prevailing industry salary levels and such Base Salary if, in the judgment of the Board of Directors, the earnings of theother factors as Company or the services of the Employee merit such an increase. The Base Salary shall be payable in accordance with the customary payroll practices of the Company. In the event the Company does not have sufficient cash on hand to pay such monthly Base Salary, Employee agrees to voluntarily defer such payment(s) until such time as sufficient cash is available to make such payments. Such deferred compensation, if any, shall be a priority payment when cash is sufficient to make such payment(s). The Employee may use his discretion, in conjunction with advice and counsel from the Company’s Chief Financial Officer, as to what constitutes cash sufficiency from time-to-time. If there is disagreement with the CFO’s position as to what constitutes cash sufficiency, the Employee shall request the Board of Directors to make such determination.considers relevant.

Base Salary. The Company shall pay to Employee an annual base salary of $350,000 (the “Base Salary”), 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 Employee a fixed salary (“Base Salary”) of One Hundred Twenty Thousand Dollars ($120,000) per year, paid at a rate of Ten Thousand Dollars ($10,000.00) per month, bi-monthly. The Board of Directors shall review the Employee’Company’s Base Salary from time to time with a view to increasing such Base Salary if, in the judgment of the Board of Directors, the earnings of the Company or the services of the Employee merit such an increase.customary payroll practices, but no less frequently than monthly. The Base Salary shall be payable in accordance withprorated for any partial year of employment on the customary payroll practicesbasis of the Company. In the event the Company does not have sufficient cash on hand to pay such monthlya 365-day year. The Base Salary, Employee agrees to voluntarily defer such payment(s) until such time as sufficient cash is available to make such payments. Such deferred compensation, if any,Salary shall be a priority payment when cash is sufficient to make such payment(s). The Employee may use his discretion, in conjunction with advice and counsel fromreviewed at least annually by the Company’s Chief Financial Officer, as to what constitutes cash sufficiency from time-to-time. If there is disagreement with the CFO’s position as to what constitutes cash sufficiency, the Employee shall request the Board of Directors to make such determination.(the “Board”) and may increase (but not decrease) at the Board’s sole and absolute discretion.

Base Salary. The Company shall pay theto Employee a fixedan annualized base salary (“Baseof $350,000 (the “Base Salary”) beginning on the effective date of One Hundred Twenty Thousand Dollars ($120,000) per year, paid at a rate of Ten Thousand Dollars ($10,000.00) per month, bi-monthly. The Board of Directors shall reviewthis 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 Employee’Company’s Base Salary from time to time with a view to increasing such Base Salary if, in the judgment of the Board of Directors, the earnings of the Company or the services of the Employee merit such an increase.customary payroll practices, but no less frequently than monthly. The Base Salary shall be payable in accordance withprorated for any partial year of employment on the customary payroll practicesbasis of the Company. In the event the Company does not have sufficient cash on hand to pay such monthlya 365-day year. The Base Salary, Employee agrees to voluntarily defer such payment(s) until such time as sufficient cash is available to make such payments. Such deferred compensation, if any,Salary shall be a priority payment when cash is sufficient to make such payment(s). The Employee may use his discretion, in conjunction with advice and counsel fromreviewed at least annually by the Company’s Chief Financial Officer, as to what constitutes cash sufficiency from time-to-time. If there is disagreement with the CFO’s position as to what constitutes cash sufficiency, the Employee shall request the Board of Directors to make such determination.(the “Board”) and may change at the Board’s sole and absolute discretion in consultation with the CEO.

Base Salary. The Company shall payCompensation. Employer agrees to compensate the Employee for his services during the period of his employment hereunder at a fixedminimum base salary (“Base Salary”) of OneTwo Hundred TwentyForty Thousand Dollars ($120,240,000) per year, paid at a rate of Ten Thousand Dollars ($10,000.00) per month, bi-annum, payable semi-monthly. The Board of DirectorsEmployee shall reviewbe entitled to receive such increases in this minimum base salary, as the Employee’s Base Salary from time to time with a view to increasing such Base Salary if, in the judgmentCompensation Committee of the Board of Directors, the earningsDirectors of the Company or the services of the Employee merit such an increase. The Base Salary shall be payableEmployer shall, in accordance with the customary payroll practices of the Company. In the event the Company does not have sufficient cash on hand to pay such monthly Base Salary, Employee agrees to voluntarily defer such payment(s) until such time as sufficient cash is available to make such payments. Such deferred compensation, if any, shall be a priority payment when cash is sufficient to make such payment(s). The Employee may use his discretion, in conjunction with advice and counsel from the Company’s Chief Financial Officer, as to what constitutes cash sufficiency from time-to-time. If there is disagreement with the CFO’s position as to what constitutes cash sufficiency, the Employee shall request the Board of Directors to make such determination.their sole discretion determine.

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