Base Compensation Contract Clauses (633)

Base Compensation. For his services in the Officer Position, the Bank agrees to pay Executive a base salary at the rate of $150,000 per annum, payable in accordance with customary payroll practices. During the Term of this Agreement, the Board will review the level of Executive's base salary at least annually, based upon factors deemed relevant, in order to determine Executive's base salary through the remaining Term of the Agreement.

Base Compensation. The Company shall pay to Executive a base compensation (the "Base Compensation") of $400,000 per year (prorated for any partial year), payable in accordance with the Company's regular payroll practices and shall be subject to all applicable tax withholdings and deductions. The Company shall review Executive's performance from time to time for purposes of, among other things, determining the appropriateness of increasing or decreasing his Base Compensation hereunder. For purposes of the... Agreement, the term "Base Compensation" as of any point in time shall refer to the Base Compensation as adjusted pursuant to this Section 4. View More

Base Compensation. (a) Salary. For all the services rendered by you in any capacity under this Agreement, the Company agrees to pay you an annual base salary ("Salary") at the rate of Seven Hundred Fifty Thousand Dollars ($750,000), less applicable deductions and withholding taxes, in accordance with the Company's payroll practices as they may exist from time to time. During the Term of this Agreement, your Salary will be reviewed annually and may be increased, but not decreased. Any such increase shall be made... at a time, and in an amount, that the Company shall determine in its discretion. (b) Bonus Compensation. You also shall receive annual bonus compensation ("Bonus") during your employment with the Company under this Agreement, determined and payable as follows: (i) Your Bonus for each calendar year during your employment with the Company under this Agreement will be determined in accordance with the guidelines of the Company's short-term incentive program or any successor thereto (the "STIP"), as such guidelines may be amended from time to time without notice in the discretion of the Company. (ii) Beginning with the 2020 calendar year, your target bonus ("Target Bonus") for each calendar year during your employment with the Company under this Agreement shall be 100% of your Salary in effect on November 1st of such calendar year or the last day of your employment, if earlier. For purposes of clarity and avoidance of doubt, your Target Bonus for the 2019 calendar year will be equal to 100% of your base salary in effect on November 1, 2019 (i.e., $675,000). (iii) Your Bonus for any calendar year shall be payable, less applicable deductions and withholding taxes, between January 1st and March 15th of the following calendar year, except as otherwise provided in the CBS Retention Plan Letter (as defined in paragraph 15 below). (iv) Except as otherwise set forth herein, you must be employed on the last day of a calendar year to receive a Bonus for such calendar year. However, if, prior to the last day of a calendar year, your employment with the Company terminates, the Company may, in its discretion, choose to pay you a prorated Bonus, in which case such prorated Bonus will be determined in accordance with the guidelines of the STIP and payable in accordance with paragraph 3(b)(iii). (c) Long-Term Incentive Compensation. Beginning with the Company's annual grant for fiscal year 2021 and thereafter during your employment with the Company or any of its affiliates, you shall be eligible to receive annual grants of long-term incentive compensation under the CBS Corporation 2009 Long-Term Incentive Plan (or any successor Richard M. Jones as of November 19, 2019 Page 3 plan thereto) (the "LTIP"), as may be amended from time to time without notice in the discretion of the Company, with a target long-term incentive value equal to Seven Hundred Fifty Thousand Dollars ($750,000) (it being understood and agreed that you have already received your annual LTIP grant for fiscal years 2019 and 2020, in each case with a target long-term incentive value of $750,000). The precise amount, form (including equity and equity-based awards, which for purposes of this Agreement are collectively referred to as "equity awards") and timing of any such long-term incentive award, if any, shall be determined in the discretion of the Compensation Committee of the Company's Board of Directors (the "Committee"). View More

Base Compensation. For all services rendered by Employee under this Employee Agreement, the Company agrees to pay Employee the rate of $420,000 per year ($35,000 per month), which shall be payable to Employee not less frequently than monthly, or as is consistent with the Company's practice for its other employees. Bonus Compensation. Employee's annual bonus target amount is $210,000 and will be based on the Company achieving targets as shall be set by the Board of Directors. Employee shall be eligible to receive... additional bonus compensation to be determined by the Board of Directors from time to time in their sole discretion. View More

Base Compensation. a. During the term of the Agreement the Bank agrees to pay the Executive a base salary at the rate of $358,713 per year, payable in accordance with customary payroll practices. b. The Board shall review, at least annually, the rate of the Executive's base salary based upon factors they deem relevant. c. In the absence of action by the Board, the Executive shall continue to receive base salary at the annual rate specified on the Effective Date or, if another rate has been established under the... provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4. View More

Base Compensation. You will be paid an annual base salary of four hundred fifty thousand dollars ($450,000) (the "Base Salary"), less applicable deductions and withholdings, to be paid each month in accordance with the Company's payroll practices as may be in effect from time to time. Your total compensation will be reviewed by the Compensation Committee of the Board (the "Compensation Committee") at least annually, and you will be entitled to such increases in Base Salary and/or Performance Bonus (as defined... below) during your employment as will be recommended by the Compensation Committee and approved by the Board, in its sole discretion, taking into account your performance and that of the Company, and other factors considered relevant by the Board. View More

Base Compensation. During your employment with the Company, the Company will pay you a base salary of $445,000 per year (the "Base Salary"), less payroll deductions and all required withholdings, payable in installments in accordance with the Company's normal payroll practices (but in no event less often than monthly) and prorated for any partial pay period of employment. Your Base Salary may be subject to adjustment pursuant to the Company's policies as in effect from time to time.

Base Compensation. As of the Effective Date, your base salary will be increased to the rate of $15,384.62 per bi-weekly pay period (equivalent to an annualized rate of $400,000), less all applicable federal, state, and local taxes and withholdings, such base salary to be paid in installments in accordance with the Company's standard payroll practices. Such base salary may be adjusted from time to time in accordance with normal business practices and in the sole discretion of the Company.

Base Compensation. Subject to such deductions as the Company may from time to time be required to make pursuant to law, governmental regulation or order, the Company agrees to pay to Speer a base cash salary of $350,000 per annum. Payments of base salary shall be made in accordance with the normal payroll practices of the Company.

Base Compensation. As the base compensation for all services to be rendered by the Executive to the Company, the Company agrees to pay to the Executive, and the Executive shall accept, a salary at a rate of $400,000.00 per annum, payable on a bi-weekly basis in equal installments of $15,384.62 each, subject to such deductions and withholdings as may be required by law. Periodically, the Board will review the salary of the Executive, taking into consideration such factors as the Executive's performance and such... other matters as it deems relevant and, in its discretion alone, may increase the salary of the Executive to such rate as the Board deems proper; provided that the Company shall in no event be required to grant any such increase. View More