Example ContractsClausesBase Term
Base Term
Base Term contract clause examples

Base Term. Commencing on the Second Expansion Premises Commencement Date, the defined termBase Term” on page 1 of the Lease shall be deleted in its entirety and replaced with the following”

Base Rent—Existing Premises-Current Term. Tenant shall continue to pay Base Rent for the Existing Premises during the remainder of the Current Term (i.e. through February 28, 2023) at the respective rates, and in the manner and at the times provided in the Original Lease.

Base Rent for Extended Term. Notwithstanding anything to the contrary in the License Agreement, commencing on the first day of the Extended Term and continuing through December 31, 2021, the License Fee shall increase by three percent (3%) to $54,485.88. If Licensee validly exercises the Option Term or if the License shall continue on a month-to-month basis, the License Fee shall increase by three percent (3%) annually commencing on January 1 of each and every year of the Term.

Base Term. As of the Third Expansion Premises Commencement Date, the defined termBase Term” on page 1 of the Lease shall be deleted in its entirety and replaced with the following:

Base Salary. During the Term hereof, the Company shall pay the Executive a base salary at the rate of $550,000.00 per annum, payable in accordance with the payroll practices of the Company for its executives and subject to adjustment by the Board or its Compensation Committee (the “Committee”), in its sole discretion. Such base salary, as from time to time adjusted, is hereafter referred to as the “Base Salary”.

Base Term. Commencing on the Second Expansion Premises Commencement Date, the defined termBase Term” on page 1 of the Lease shall be deleted in its entirety and replaced with the following”

Base Rent—Existing Premises-Extension Term. Tenant shall pay Base Rent for Existing Premises during the period commencing on the Extension Term Commencement Date (i.e., March 1, 2023) and continuing through the Extension Term Expiration Date (i.e. December 31, 2023) at the rate of $73.00 per rentable square foot per annum (i.e., $514,650.00 per annum; $42,887.50 per month) in the manner and at the times set forth in the Original Lease.

Base Salary. During the Employment Period, your base salary will be

Base Term. Commencing on the Seventh Expansion Premises Commencement Date, the defined termBase Term” on page 1 of the Lease is deleted in its entirety and replaced with the following:

Base Salary. The Company shall pay the Executive a base salary at the annual rate of Three Hundred Thousand Dollars ($300,000), which shall be paid in accordance with the normal payroll practices of the Company and shall be subject to applicable withholdings and deductions. Thereafter, the Executive’s base salary shall be subject to review and adjustment upward by the compensation committee (the “Compensation Committee”) of the board of directors of Addus HomeCare Corporation (“Addus HomeCare”) (the “Board of Directors”) on or about each anniversary of the Effective Date for each year during the Employment Term (as adjusted from time-to-time, the “Base Salary”).

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