Grouped Into 67 Collections of Similar Clauses From Business Contracts
This page contains Base Salary clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Base Salary. The Company agrees to pay the Employee a base salary at an annual rate of not less than $1,890,000, payable in accordance with the regular payroll practices of the Company, but not less frequently than monthly. The Employee's Base Salary shall be subject to annual review by the Board (or a committee thereof), and may be subject to adjustment with the approval of the Compensation Committee of the Board from time to time by the Board. The base salary as determined herein and adjusted from time to ...time shall constitute "Base Salary" for purposes of this Agreement.View More
Base Salary. The Company agrees to pay the Employee a base salary at an annual rate of not less than $1,890,000, $495,000 ("Base Salary"), payable in accordance with the regular payroll practices of the Company, but not less frequently than monthly. The Employee's Base Salary shall be subject to annual review by the Board (or a committee thereof), and may be subject to adjustment with the approval of the Compensation Committee of the Board adjusted, from time to time by the Board. The base salary Base Salary... as determined herein and adjusted from time to time shall constitute "Base Salary" for purposes of this Agreement. View More
Base Salary. The Company agrees to pay the Employee a base salary at an annual rate of not less than $1,890,000, $300,000, payable in accordance with the regular payroll practices of the Company, but not less frequently than monthly. The Employee's Base Salary shall be subject to annual review by the Board of Directors of Farmland (the "Board") (or a committee thereof), and may be subject adjusted from time to adjustment with time by the approval of Board or the Compensation Committee of the Board from time ...to time by the Board. (the "Compensation Committee") in its sole discretion. The base salary as determined herein and adjusted from time to time shall constitute "Base Salary" for purposes of this Agreement. View More
Base Salary. The Company agrees to pay the Employee a base salary at an annual rate of not less than $1,890,000, $578,000, payable in accordance with the regular payroll practices of the Company, but not less frequently than monthly. The Employee's Base Salary shall be subject to annual review by the Board (or a committee thereof), and may be subject to adjustment with the approval of increase in successive years at the Compensation Committee of the Board Committee's discretion from time to time by the Board.... The base salary as determined herein and adjusted from time to time shall constitute "Base Salary" for purposes of this Agreement. View More
Base Salary. For all services to be rendered by Executive pursuant to this Agreement, the Company agrees to pay Executive during the Employment Period a base salary (the "Base Salary") at a minimum annual rate of $250,000 during the Employment Period. The Base Salary shall be paid in periodic installments in accordance with the Company's regular payroll practices. The parties shall meet at least annually to discuss increases to the Base Salary.
Base Salary. For all services to be rendered by Executive pursuant to this Agreement, the Company agrees to pay Executive during the Employment Period a base salary (the "Base Salary") at a minimum annual rate of $250,000 during 2018 and of $300,000 during the remainder of the Employment Period. The Base Salary shall be paid in periodic installments in accordance with the Company's regular payroll practices. The parties shall meet at least annually to discuss increases to the Base Salary.
Base Salary. The Company agrees to pay you a base salary compensation at an annual rate of not less than US$310,000, payable in accordance with the regular payroll practices of the Company. The base salary as increased from time to time shall constitute the "Base Salary" for purposes of this Agreement. The Base Salary shall be subject to annual review and may be increased, but not decreased, from time to time; provided, however, that notwithstanding the foregoing, the Employee's Base Salary may be decreased ...in conjunction with a reduction in base salary affecting all similarly- situated employees so long as the Employee will not experience a proportional decrease greater than that of any other similarly-situated employee.View More
Base Salary. The Company agrees to pay you a base salary compensation at an annual rate of not less than US$310,000, Three Hundred Twenty Thousand Dollars (US $320,000), payable in accordance with the regular payroll practices of the Company. The base salary as increased from time to time shall constitute the "Base Salary" for purposes of this Agreement. The Base Salary shall be subject to annual review beginning in 2019 and may be increased, but not decreased, from time to time; provided, however, that notw...ithstanding the foregoing, the Employee's Base Salary may be decreased in conjunction with a reduction in base salary affecting all similarly- situated similarly-situated employees so long as the Employee will not experience a proportional decrease greater than that of any other similarly-situated employee. View More
Base Salary. The Company agrees to pay the Executive an initial base salary ("Base Salary") of $110,000 per annum ($9,167 per month). Annual adjustments after the first year of the Employment Period shall be determined by the Company's Board of Directors (the "Board"). The Base Salary shall be paid in periodic installments in accordance with the Company's regular payroll practices. -1- 5. Bonuses. (a) Annual Bonus. The Executive shall be eligible to receive an annual bonus the ("Annual Bonus") as determined ...by the Compensation Committee or the Board of Directors of the Company (the "Compensation Committee"). The Annual Bonus shall be paid by the Company to the Executive promptly after determination that the relevant targets, if any, have been met, it being understood that the attainment of any financial targets associated with any bonus shall not be determined until following the completion of the Company's annual audit and public announcement of such results and shall be paid promptly following the Company's announcement of earnings. In the event that the Compensation Committee is unable to act or if there shall be no such Compensation Committee, then all references herein to the Compensation Committee (except in the proviso to this sentence) shall be deemed to be references to the Board. Upon his termination from employment, the Executive shall be entitled to receive a pro-rata portion of the Annual Bonus calculated based upon his final day of employment, regardless of whether he is employed by the Company through the conclusion of the fiscal quarter or year, as the case may be, on which the Annual Bonus is based. (b) Equity Awards. The Executive shall be eligible for such grants of awards under a Company incentive plan (or any successor or replacement plan adopted by the Board and approved by the stockholders of the Company) (the "Plan") or as the Compensation Committee or Board may from time to time determine (the "Share Awards"). Share Awards shall be subject to the applicable Plan terms and conditions, provided, however, that Share Awards shall be subject to any additional terms and conditions as are provided herein or in any award certificate(s), which shall supersede any conflicting provisions governing Share Awards provided under the Plan.View More
Base Salary. The Company agrees to pay the Executive an initial a base salary ("Base Salary") of $110,000 per annum ($9,167 per month). Annual adjustments after equal to the first year greater of: (A) the salary paid to Executive immediately prior to the Effective date and (B) seventy (70%) percent of the Employment Period shall be determined by salary of the Company's Board of Directors (the "Board"). Parent's Chief Executive Officer then in effect. The Base Salary shall be paid in periodic installments in ...accordance with the Company's regular payroll practices. -1- 5. Bonuses. The Base Salary may only be increased but not decreased without the written consent of the Executive. (a) Annual Bonus. The Executive shall be eligible to receive an annual bonus the ("Annual Bonus") of up to one-hundred (100%) percent of the Base Salary, to be paid in cash, as reasonably determined by the Compensation Committee or and/or the Board of Directors of the Company (the "Compensation Committee"). The Annual Bonus shall be paid by the Company to the Executive promptly after determination that the relevant targets, if any, have been met, it being understood that the attainment of any financial targets associated with any bonus shall not be determined until following the completion of the Company's annual audit and public announcement of such results and shall be paid promptly following the Company's announcement of earnings. earnings, subject to cash availability. In the event that the Compensation Committee is unable to act or if there shall be no such Compensation Committee, then all references herein to the Compensation Committee (except in the proviso to this sentence) shall be deemed to be references to the Board. Upon his termination from employment, the Executive shall be entitled to receive a pro-rata pro- rata portion of the Annual Bonus calculated based upon his final the last day of employment, the fiscal quarter in which his employment is terminated, regardless of whether he is employed by the Company through the conclusion of the fiscal quarter or year, as the case may be, on which the Annual Bonus is based. The Annual Bonus shall be paid no later than one-hundred and eighty (180) days following the end of the fiscal year of Parent in which the Annual Bonus is earned, subject to cash availability. Executive and the Compensation Committee will work to define a set of goals and objectives for the term of the Agreement as a basis for determining a bonus award(s). Such goals will be quantitative as well as qualitative in nature. (b) Equity Awards. The Executive shall receive an initial award (the "Initial Award") and be eligible for such grants of awards under a Company incentive plan the Parent's 2019 Equity Incentive Plan (or any successor or replacement plan adopted by the Board and approved by the stockholders of the Company) (the "Plan") or as the Compensation Committee or Board may from time to time determine (the "Share Awards"). The Initial Award shall be as set forth on Exhibit A annexed hereto vesting as set forth (the "Executive Vesting Schedule"). Share Awards shall be subject to the applicable Plan terms and conditions, provided, however, that Share Awards shall be subject to any additional terms and conditions as are provided herein or in any award award, Board resolution or certificate(s), which shall supersede any conflicting provisions governing Share Awards provided under the Plan. View More
Base Salary. The Company agrees to pay the Executive an initial a base salary ("Base Salary") of $110,000 $350,000 per annum ($9,167 per month). Annual adjustments after annum. The parties agree that at the first end of each year of the Employment Period including renewals, Executive's Base Salary shall be determined increase by three percent (3%) to reflect increased cost of living ("COL Adjustment"), and the Company's Board of Directors (the "Board"). Base Salary shall thereafter include all COL Adjustment...s. The Base Salary shall be paid in periodic installments in accordance with the Company's regular payroll practices. -1- 5. Bonuses. The Base Salary may only be increased but not decreased without the written consent of the Executive. 1 (a) Annual Bonus. The Executive shall be eligible to receive an annual bonus the ("Annual Bonus") of up to 100% of the Base Salary, to be paid in cash, as reasonably determined by the Compensation Committee or and/or the Board of Directors of the Company (the "Compensation Committee"). The Annual Bonus shall be paid by the Company to the Executive promptly after determination that the relevant targets, if any, have been met, it being understood that the attainment of any financial targets associated with any bonus shall not be determined until following the completion of the Company's annual audit and public announcement of such results and shall be paid promptly following the Company's announcement of earnings. earnings, subject to cash availability. In the event that the Compensation Committee is unable to act or if there shall be no such Compensation Committee, then all references herein to the Compensation Committee (except in the proviso to this sentence) shall be deemed to be references to the Board. Upon his termination from employment, the Executive shall be entitled to receive a pro-rata portion of the Annual Bonus calculated based upon his final the last day of employment, the fiscal quarter in which his employment is terminated, regardless of whether he is employed by the Company through the conclusion of the fiscal quarter or year, as the case may be, on which the Annual Bonus is based. The Annual Bonus shall be paid no later than June 30th of the year following when the Annual Bonus is earned, subject to cash availability. Merrick Okamoto and the Compensation Committee will work to define a set of goals and objectives for the term of the Agreement as a basis for determining a bonus award(s). Such goals will be quantitative as well as qualitative in nature. (b) Equity Awards. The Company hereby provides Executive with a grant of 5,000,000 Stock Options to purchase common stock (the "Compensating Shares") as approved by the Board of Directors ("Executive Award"), subject to the vesting schedule displayed below ("Vesting Schedule"). For avoidance of doubt: vesting of the Compensation Shares shall vest 50% (2,500,000 Options) upon signing of the agreement and the remaining 2,500,000 Options will vest 25% (625,000 Options) every 6 months, thereafter. In the event of a Change of Control, specified in section 4(f), the remaining Unvested Options will vest immediately. The Options will be available for Cashless Exercise, at the option of the Executive. Options will be issued with a strike price based on the closing price of the Common stock as of the signature date of the option grant. The official closing price on Bloomberg on the date of this agreement was $0.58 per share. In addition to the Executive Award the Executive shall be eligible for such grants of awards under a any applicable Company incentive plan (or any successor or replacement plan adopted by the Board and approved by the stockholders of the Company) (the "Plan") or as the Compensation Committee or Board may from time to time determine (the "Share Awards"). Share Awards shall be subject to the applicable Plan terms and conditions, provided, however, that Share Awards shall be subject to any additional terms and conditions as are provided herein or in any award certificate(s), which shall supersede any conflicting provisions governing Share Awards provided under the Plan. View More
Base Salary. The Company agrees to pay the Executive an initial a base salary ("Base Salary") of $110,000 USD $250,000 per annum ($9,167 per month). annum. Annual adjustments after the first year of the Employment Period shall be determined by the Company's Board of Directors (the "Board"). Board. The Base Salary shall be paid in periodic installments in accordance with the Company's regular payroll practices. -1- practices and subject to regular statutory deductions. 1 5. Bonuses. (a) Annual Bonus. The Exec...utive shall be eligible to receive an annual bonus the ("Annual Bonus") as determined by the Compensation Committee or the Board of Directors of the Company (the "Compensation Committee"). Committee") in an amount equal to up to 100% of the Executive's annualized Base Salary. The Annual Bonus shall be paid by the Company to the Executive promptly after determination that the relevant targets, if any, have been met, it being understood that the attainment of any financial targets associated with any bonus shall not be determined until following the completion of the Company's annual audit and public announcement of such results and shall be paid promptly following the Company's announcement of earnings. The Annual Bonus shall be paid no later than the fifteenth (15th) day of March in the following calendar year. In the event that the Compensation Committee is unable to act or if there shall be no such Compensation Committee, then all references herein to the Compensation Committee (except in the proviso to this sentence) shall be deemed to be references to the Board. Upon his termination from employment, the Executive shall be entitled to receive a pro-rata portion of the Annual Bonus calculated based upon his final day of employment, regardless of whether he is employed by the Company through the conclusion of the fiscal quarter or year, as the case may be, on which the Annual Bonus is based. based and payable in cash. Notwithstanding the foregoing, upon termination of employment, the Executive is not entitled to any payment of Annual Bonus during any period of notice of resignation or termination of employment in excess of the minimum period of notice prescribed by the Employment Standards Act, 2000 ("ESA"). All Annual Bonus payments comprise a base amount and vacation pay thereon. Accordingly, no additional amount is payable on Annual Bonus amounts in respect of vacation pay. (b) Equity Awards. The Executive shall be eligible for such grants of awards under a Company the Parent's incentive plan (or any successor or replacement plan adopted by the Board and approved by the stockholders of the Company) (the "Plan") or as the Compensation Committee or Board may from time to time determine (the "Share Awards"). On the Effective Date, the Executive shall be issued the Share Awards set forth on Schedule I attached hereto. Share Awards shall be subject to the applicable Plan terms and conditions, provided, however, that Share Awards shall be subject to any additional terms and conditions as are provided herein or in any award certificate(s), which shall supersede any conflicting provisions governing Share Awards provided under the Plan. View More
Base Salary. During the Employment Term, the Company agrees to pay the Executive a base salary at an annual rate of not less than $1,000,000, payable in accordance with the regular payroll practices of the Company, but not less frequently than monthly. The Executive's base salary shall be subject to annual review by the Board (or a committee thereof) during the first ninety (90) days of each calendar year, and the base salary in respect of such calendar year may be increased above, but not decreased below, i...ts level for the preceding calendar year, by the Board. The base salary as determined herein and adjusted from time to time shall constitute "Base Salary" for purposes of this Agreement.View More
Base Salary. During the Employment Term, the Company agrees to pay the Executive a an annual base salary at an annual rate of not less than $1,000,000, 380,000 CHF (Swiss francs) gross per annum, payable in accordance with the regular payroll practices of the Company, but not less frequently than monthly. The Executive's base salary shall be subject to annual review by the Board (or a committee thereof) during the first ninety (90) days of each calendar year, and the base salary in respect of such calendar y...ear may be increased above, but not decreased below, its level for the preceding calendar year, by the Board. The base salary as determined herein and adjusted from time to time shall constitute "Base Salary" for purposes of this Agreement. View More
Base Salary. The Company will pay you a salary at the bi-weekly rate of $16,153.85 (which is equivalent to an annualized rate of $420,000.00 per year), payable in accordance with the Company's standard payroll schedule and subject to applicable tax and other withholdings as required by law. Such base salary may be subject to periodic review and adjustments at the Company's sole discretion.
Base Salary. The Company will pay you a salary at the bi-weekly rate of $16,153.85 $13,730.77 (which is equivalent to an annualized rate of $420,000.00 $357,000.00 per year), payable in accordance with the Company's standard payroll schedule and subject to applicable tax and other withholdings as required by law. Such base salary may be subject to periodic review and adjustments at the Company's sole discretion.
Base Salary. Your base salary will be at the rate of seventeen thousand nine hundred twenty five dollars ($17,925) per regular semi-monthly pay period (annualized rate of four hundred thirty thousand two hundred dollars ($430,200), subject to tax and other withholdings as required by law, and will be paid in accordance with the Company's regularly established payroll procedure. Such base salary may be adjusted from time to time in accordance with normal business practice and in the sole discretion of the Com...pany.View More
Base Salary. Your base salary will be at the rate of seventeen twenty-one thousand nine eight hundred twenty five seventy-five dollars ($17,925) ($21,875) per regular semi-monthly pay period (annualized rate of four five hundred thirty twenty-five thousand two hundred dollars ($430,200), ($525,000)), subject to tax and other withholdings as required by law, and will be paid in accordance with the Company's regularly established payroll procedure. Such base salary may be adjusted from time to time in accordan...ce with normal business practice and in the sole discretion of the Company. View More
Base Salary. The base salary will be $275,000 on a full-time annualized basis. Performance and salary reviews are at the discretion of the President/CEO and/or Board of Directors.
Base Salary. The base salary will be $275,000 $240,000 on a full-time annualized basis. Performance and salary reviews are at the discretion of the President/CEO and/or Board of Directors.
Base Salary. During the CEO Period, the Company shall continue to pay Executive an annual base salary of $1,075,000, which annual base salary shall be reduced to $700,000 during the Executive Chair Period, in all cases payable in regular installments in accordance with the Company's usual payment practices (but in all events no less frequently than semi-monthly). Executive shall be entitled to such increases, if any, in base salary as may be determined from time to time in the sole discretion of the Board. E...xcept as set forth in this Section 3, Executive's annual base salary may not be decreased during the Employment Term (including for purposes of determining severance amounts under Section 7 hereof) without Executive's prior consent (other than a general reduction in annual base salary that affects all members of senior management proportionately; provided, however, that any such reduction shall not be taken into account for purposes of determining severance amounts hereunder and any severance provided hereunder following such reduction shall be calculated based on Executive's annual base salary being no less than the applicable amount set forth in the first sentence of this Section 3). Executive's annual base salary, as in effect from time to time, consistent with this Section 3, is hereinafter referred to as the "Base Salary".View More
Base Salary. During Section 3 of the CEO Period, Agreement is hereby deleted and replaced in its entirety with the following: "During the Employment Term as of the Amendment Approval Date, the Company shall continue to pay Executive an annual base salary at the annual rate of $1,075,000, which annual base salary shall be reduced to $700,000 during the Executive Chair Period, in all cases payable in regular installments in accordance with the Company's usual payment practices (but in all events no less freque...ntly than semi-monthly). Executive shall be entitled to such increases, if any, in his base salary as may be determined from time to time in the sole discretion of the Board. Except as set forth in this Section 3, Executive's annual base salary may not be decreased during the Employment Term (including for purposes of determining severance amounts under Section 7 hereof) without Executive's his prior consent (other than a general reduction in annual base salary that affects all members of senior management proportionately; provided, however, that any such reduction shall not be taken into account for purposes of determining severance amounts hereunder and any severance provided hereunder following such reduction shall be calculated based on Executive's annual base salary being no less than the applicable amount set forth in the first sentence of this Section 3). $1,075,000). Executive's annual base salary, as in effect from time to time, consistent with this Section 3, is hereinafter referred to as the "Base Salary". ‘Base Salary'." View More
Base Salary. As of ForgeRock's initial public offering ("IPO"), your annual base salary will be $410,019, which will be payable, less any applicable withholdings, in accordance with ForgeRock's normal payroll practices. Your annual base salary will be subject to review and adjustment from time to time by our Board of Directors (the "Board") or its Compensation Committee (the "Committee"), as applicable, in its sole discretion. We anticipate that the first such Committee annual review will occur in the first ...quarter of 2022.View More
Base Salary. As of ForgeRock's initial public offering ("IPO"), your annual base salary will be $410,019, $476,000, which will be payable, less any applicable withholdings, in accordance with ForgeRock's normal payroll practices. Your annual base salary will be subject to review and adjustment from time to time by our Board of Directors (the "Board") or its Compensation Committee (the "Committee"), as applicable, in its sole discretion. We anticipate that the first such Committee annual review will occur in ...the first quarter of 2022. View More
