Example ContractsClausesbase yearVariants
Base Year
Base Year contract clause examples

With respect to any fiscal year of the Term (including renewal periods) which begins on or after October 1, 2021, the base salary shall be set by the Compensation Committee, and approved by the Board of Directors, provided that Employee's base salary for any calendar year of the Term shall not result in a decrease in base salary as compared to the previous fiscal year of the Term.

Source document

With respect to any calendar year of the Term (including renewal periods) which begins on or after January 1, 2018, the base salary shall be set by the Compensation Committee, and approved by the Board of Directors, provided that Employee’s base salary for any calendar year of the Term shall not result in a decrease in base salary as compared to the previous calendar year of the Term.

Source document

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