Base Salary. As of [[Organization A:Organization]] Effective Date, [[Organization A:Organization]] agrees to pay Employee an annualized base salary of $345,000.00 ([[Organization A:Organization]] “Base Salary”), which Base Salary will be earned by Employee on a pro rata basis as Employee performs services and which shall be paid according to [[Organization A:Organization]]’s normal payroll practices. Employee shall be eligible for a merit-based increase of [[Organization A:Organization]] Base Salary payable under this Section 4.1 on or about July 1, 2018 and on or about July 1 of each year during [[Organization A:Organization]] Term thereafter, with any adjustment to Employee’s Base Salary subject to approval by [[Organization A:Organization]] Board.
Base Salary. During [[Organization A:Organization]] first calendar year of employment, [[Organization A:Organization]] shall pay [[Organization A:Organization]] Executive a base salary ([[Organization A:Organization]] “Base Salary”) payable monthly in arrears. [[Organization A:Organization]] Base Salary shall be $7,500.00 per month subject to annual review commencing January 1, 2017, or review after any transformative change involving more than 25% of [[Organization A:Organization]] then current market capitalization of [[Organization A:Organization]].
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.
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