Base Salary. Executive shall be paid a base salary of $150,000 annually ("Base Salary"), subject to applicable federal, state, and local withholding, such Base Salary to be paid to Executive in the same manner and on the same payroll schedule in which all [[the Company:Organization]] Executives receive payment.. Any increases in Executive's Base Salary for years beyond the first year of Executive's employment shall be in the sole discretion of [[the Company:Organization]].
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. As of the Effective Date, the Company will pay Executive an annual base salary equal to the sum of $300,000 plus the Adjustment pursuant to [Section 2(b)],if any (such annual salary, as is then effective, to be referred to herein as “Base Salary”). All compensation paid to Executive will be paid periodically in accordance with the Company’s normal payroll practices and be subject to the usual, required withholdings. Unpaid compensation will be paid in lump sum, however if cash is unavailable the Executive at his election can elect to receive unrestricted stock in accordance with issuance limitations and priced at floor prices agreed with creditors for all officers and directors.
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.
3.1Base Salary. Executive’s annual base salary shall be $650,000, which base salary shall be prorated for periods that are less than one year and shall be paid in accordance with the Employer’s monthly payroll practices for executives at a rate of $54,166.67 a month, less applicable taxes and withholdings. Executive shall be eligible for annual merit increases in Executive’s base salary as determined by the Compensation Committee of the Board in its sole discretion.
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. The Company shall pay to the Executive for the performance of his duties under this Agreement an initial base salary of $525,000 per year (the “Base Salary”), payable in accordance with the Company’s normal payroll practices. Thereafter, the rate of the Executive’s Base Salary will be reviewed and adjusted as appropriate in accordance with the Company’s regular compensation review practices. Effective as of the date of any such increase, the Base Salary so increased shall be considered the new Base Salary for all purposes of this Agreement.
Base Salary. The Executive shall be entitled to a base salary (“Base Salary”) in the amount of $155,000 per year until such time as the Board of Directors of the Company also promotes the Executive as its CEO, at which time the Base Salary will increase to $200,000 per year, subject to the adjustment by the Board of Directors.
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. 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. The base salary for the Executive shall be Four Hundred Twelve Thousand dollars per year, or such other rate as the Board may designate from time to time (the “Base Salary”). The Base Salary shall be payable in regular installments in accordance with the Company’s general payroll practices and shall be subject to withholdings for applicable taxes and other legally-required or previously-agreed payroll deductions. The Executive’s performance shall be evaluated annually in March of each year. Any future salary increases will be based on the Executive’s individual performance and will be approved by the Board in its sole discretion.
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