Base Salary Contract Clauses (1,024)

Base Salary. The Executive shall be entitled to receive a salary from the Company during the Engagement Period at a rate per year indicated on Schedule A hereto (the "Base Salary"). Once the Board has established the initial Base Salary, the Board will evaluate Executive's annual performance and if warranted may increase Base Salary by a minimum of ten percent (10%) on each anniversary of the Effective Date, at the Board's sole discretion. The parties expressly agree that what the Executive receives now or i...n the future, in addition to the regular Base Salary, whether this be in the form of benefits or regular or occasional aid/assistance, such as meals, vehicle, lodging or occasional bonuses or anything else he receives during the Engagement Period and any renewals thereof, in cash or in kind, shall not be deemed as salary. However, because the Company is a public company subject to the reporting requirements of, inter alia, the US Securities and Exchange Commission (the "SEC"), both parties acknowledge that the Executive's annual compensation (as determined by the rules of the SEC or any other regulatory body or exchange having jurisdiction), which may include some or all of the foregoing, will be publicly disclosed, as required. (a) Expense Reimbursement. The Company shall reimburse the Executive for all reasonable business, promotional, travel and entertainment expenses incurred or paid by the Executive during the Engagement Period in the performance of Executive's services under this Agreement, provided that the Executive furnishes to the Company appropriate documentation required by the Internal Revenue Code in a timely fashion in connection with such expenses and shall furnish such other documentation and accounting as the Company may from time to time reasonably request. View More

Base Salary. The Company agrees to pay the Executive a base salary (the "Base Salary") at an annual rate of US$240,000, payable in accordance with the regular payroll practices of the Company. The Executive's Base Salary shall be subject to review and adjustment from time to time by the Board (or a committee thereof) in its sole discretion, but may not be decreased.

Base Salary. During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $550,000, payable in regular installments in accordance with the Company's usual payment practices. Executive shall be entitled to such increases in Executive's base salary, if any, as may be determined from time to time in the sole discretion of the Board or any duly authorized committee thereof. Executive's annual base salary, as in effect from time to time, is hereinafter referred to as the "Base S...alary." View More

Base Salary. The Executive shall be entitled to receive a salary from the Company during the Employment Period at a rate per year indicated on Schedule A hereto (the "Base Salary"). Once the Board has established the Base Salary, such Base Salary may be increased on each anniversary of the Effective Date, at the Board's sole discretion.

Base Salary. Your semi-monthly base salary will be $10,000 (equivalent to an annualized rate of $240,000), subject to applicable withholding and payable in accordance with normal payroll practices of Idenix. The Base Salary shall continue to be reviewed annually for additional increases, if any, which is the sole discretion of the Idenix Compensation Committee of the Board of Directors (the "Board"). After any such increase, the term "Base Salary" as utilized herein shall thereafter refer to the increased am...ount. Base Salary shall not be reduced at any time without your express prior written consent. View More

Base Salary. Your initial base salary will be a rate of $425,000.00 per year ("Base Salary"), payable in accordance with the Company's standard payroll schedule from time to time and subject to all tax withholdings.

Base Salary. The Company agrees to pay to the Executive a base salary at a monthly rate of US$9,097.42, payable in a single installment on the last day of each month. The Executive will be responsible for his own income tax payable to relevant federal and state authorities in the United States. The Executive's Base Salary shall be subject to annual review by the Board (or a committee thereof). The base salary as determined herein from time to time shall constitute "Base Salary" for purposes of this Agreement.... View More

Base Salary. (i) Section 5a of the Sumichrast Employment Agreement is hereby deleted in its entirety and replaced with the following: a. Salary. The Executive shall be paid a base salary ("Base Salary"), payable in accordance with the Corporation's policies from time to time for senior executives, at an annual rate Three Hundred Thirty-five Thousand dollars ($335,000). The Base Salary thereafter may be increased, but not decreased, from time to time, by the Compensation Committee of the Board of Directors in... connection with reviews of Executive's performance, which such reviews shall occur no less frequently than annually. (ii) The foregoing increase in the Base Salary payable to the Executive shall be retroactively effective to the first day of the current payroll period of the Corporation. View More

Base Salary. Scholastic shall pay Warwick an initial annual fixed salary of US$1,000,000 from the Effective Date ("Base Salary") payable in equal installments in accordance with Scholastic's standard payroll practices. The Base Salary may be increased but not decreased in connection with Scholastic's annual review of executive compensation.

Base Salary. The Company shall pay the Executive a base salary (the "Base Salary") during the period of the Executive's employment hereunder, which shall be Four Hundred Thousand Dollars ($400,000.00) per annum. The Base Salary shall be paid in accordance with the Company's standard payroll practices. The Base Salary shall be reviewed for possible increase on an annual basis and shall not be decreased during the Term.5.2. Annual Bonus. During the Term, Executive shall be eligible to participate in the Compan...y's Executive Variable Pay plan (the "EVP"). Executive's EVP opportunity at target for each year during the Term shall be equal to 65% of his Base Salary at the beginning for such year, and the maximum opportunity shall be equal to130% of the Base Salary.5.3. Long-Term Incentive. Executive shall be eligible to participate in the 2020 – 2022 Avangrid Long-Term Incentive Plan and any successor thereto (the "LTIP"). 5.4. Benefits. Executive shall participate in the Company's 401(k) Plan and welfare plans, including but not limited to the Company's medical insurance program, subject to and on a basis consistent with the terms, conditions and overall administration of such plans and arrangements. 5.5. Expenses. Upon presentation of adequate documentation to the Company, the Executive shall receive prompt reimbursement from the Company for all reasonable and customary business expenses incurred by the Executive in accordance with the Company's policies in performing services hereunder.5.6. Retention Bonus. In addition to the payments and benefits described above, as a special inducement to Executive to enter into this Agreement with the Company, Executive will receive a one-time lump sum cash bonus payment, subject to Executive's continued employment through March 31, 2022, equal to 50% of Executive's 2021 EVP calculated based on the Company's actual performance for the 2021 performance period on the first regular payroll pay date following March 31, 2022. View More