Base Salary. During the Employment Period, Executive’s base salary shall be four hundred thousand dollars ($400,000) per year (the “Base Salary”). The Base Salary may be adjusted in the sole discretion of the Board. The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for senior executives but no less frequently than monthly. The Company shall be obligated to pay Executive any earned but unpaid Base Salary in the event of a separation as set forth in this Agreement.
Base Salary. Commencing on the Effective Date, the Company will pay Executive an annual salary of $775,000 as compensation for his services (such annual salary, as is then effective, to be referred to herein as "Base Salary"). The Base Salary will be paid periodically in accordance with the Company's normal payroll practices and be subject to standard and customary withholdings.
Base Salary. The Company shall pay Employee an annual rate of base salary of $256,000 (“Base Salary”) in accordance with the Company’s customary payroll practices and all applicable wage payment laws.
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. During the Employment Period, the Executive shall receive an annual base salary (“Annual Base Salary”), which shall be paid at a monthly rate, at least equal to twelve times the highest monthly base salary paid or payable, including any base salary which has been earned but deferred, to the Executive by the Company and its affiliated companies in respect of the twelve-month period immediately preceding the month in which the Change of Control Date occurs. During the Employment Period, the Annual Base Salary shall be reviewed no more than 12 months after the last salary increase awarded to the Executive prior to the Change of Control Date and thereafter at least annually. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased. As used in this Agreement, the term “affiliated companies” shall include any company controlled by, controlling or under common control with the Company.
Base Salary. The Company shall not be obligated to pay Executive a base salary.
Base Salary. The Executive shall continue to be paid his applicable base salary through the later to occur of January 8, 2016 or the date that is four (4) weeks after the Successor Effective Date. If he continues thereafter to remain employed by the Company pursuant to Section 1(c) hereof, he shall receive base salary at an annual rate of $52,000 until his retirement.
Base Salary. Your annual base salary will be $500,000, less all applicable deductions and withholdings ("Base Salary"), payable bi-weekly in accordance with the Company's standard payroll practices. Your Base Salary will be reviewed annually, and any increases will be effective as of the date determined by Crawford's executive management team. Because your position is exempt from overtime pay, your Base Salary will compensate you for all hours worked.
Base Salary Compensation. You will receive, as a guaranteed base salary for your full-time employment, annual compensation of Two Hundred Fifty Thousand Dollars ($250,000) for the Term. Your annual base compensation will be reviewed annually by the Compensation Committee, but in no event shall it be less than $250,000. Your base compensation will be paid in accordance with the Company’s standard payroll practices as in effect from time to time, but in no event less frequently than monthly.
Base Salary Deferrals. A Participant’s election to defer Base Salary is subject to the following requirements:
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