The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $450,000 per annum (as in effect from time to time, the Base Salary), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation shall review the Base Salary on an annual basis and has the right but not the obligation to increase it, but has no right to decrease the Base Salary.
During the Term of Employment, as compensation for the employment services to be rendered by Executive hereunder, the Company agrees to pay to Executive, and Executive agrees to accept, payable in equal bi-weekly installments in accordance with Company practice, an annual base salary of Four Hundred Thousand Dollars and 00/100 Cents ($400,000.00) (the “Base Salary”) as of the Effective Date. The Base Salary shall be reviewed at least annually to ascertain whether, in the judgment of the Company, such Base Salary should be adjusted. If so, the adjusted Base Salary shall be adjusted for all purposes of this Agreement.
Base Salary. The Company shall pay to Executive a base salary at the rate of $300,000 per annum (the Base Salary) during the Term (as defined below), less applicable withholdings and deductions in accordance with the Companys normal payroll procedures. Provided that Executive remains employed by the Company through the Term, the Base Salary shall be payable to Executive in equal installments on a semimonthly basis, in accordance with the Companys normal payroll procedures. If Executives employment with the Company terminates prior to the end of the Term for any reason, the Company shall pay to Executive a pro-rata amount of the Base Salary through the date of Executives last day of employment with the Company.
Annual Base Salary. During the Term, Executive shall receive a base salary at the rate of $450,000 per year (as may be increased from time to time, the “Annual Base Salary”), subject to withholdings and deductions, which shall be paid to Executive in accordance with the customary payroll practices and procedures of the Company. Such Annual Base Salary shall be reviewed by the CEO, and, as applicable, the Board of Directors of the Company (the “Board”) and/or the Compensation Committee of the Board, not less than annually.
Base Salary. As compensation for his services pursuant hereto, the Executive shall be paid a base salary of $200,000 per year during his employment. This amount shall be payable in equal periodic installments in accordance with the usual payroll practices of the Company.
Base Salary. During the Employment Term, the Company shall pay to the Executive a salary of $675,000 per annum, payable consistent with the Company’s standard payroll practices then in effect (“Base Salary”). Such Base Salary shall be reviewed by the Compensation Committee of the Board (hereinafter the “Compensation Committee”) at least annually, with any changes taking into account, among other factors, Company and individual performance.
Annual Salary. During the Term, the Company shall pay Executive a base salary at the rate of $330,000 per annum, in accordance with the customary payroll practices of the Company applicable to senior executives, but not less frequently than monthly. The Compensation Committee (the “Compensation Committee”) of the Board shall review Executive’s base salary during the Term and may increase such amount as it may deem advisable (such salary, as the same may be increased, the “Annual Salary”). The Annual Salary shall be prorated for any partial calendar year during the Term.
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 Compensation. For services rendered by Executive under this Agreement, Company shall pay to Executive a minimum base salary (Base Compensation) at the rate of $350,000 per annum payable in accordance with Companys customary payroll practice for its senior executive officers, as in effect from time to time. The amount of Base Compensation shall be reviewed periodically by the Board and may be increased from time to time as the Board may deem appropriate. References in this Agreement to Base Compensation shall refer to Executives Base Compensation as so increased from time to time. Base Compensation, as in effect at any time, may not be decreased without the prior written consent of Executive.
#Base Salary. As of the Effective Date, Executive shall receive for services to be rendered hereunder an annual base salary of $275,000 (“Base Salary”), payable on the regular payroll dates of the Company, which are currently bi-weekly, subject to increase in the sole discretion of the Board.
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