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 Executive a base salary ("Base Salary") equal to $248,000 per annum. The Base Salary shall be paid in periodic installments in accordance with the Company's regular payroll practices. The Base Salary may only be increased, but not decreased without the written consent of the Executive. At the option of Executive in any fiscal year of the Company in which: A) at any time market cap is at least $500,000,000; and B) traded price per share is at least $6.00 per share st...ock price on a national securities exchange for 60 consecutive days (the "Incentive Criteria"), Executive may elect to receive all or any portion of Base Salary for a subsequent period in shares of Common Stock valued at the thirty-day VWAP for each pay period for which the election is applicable.View More
Base Salary. The Company agrees to pay the Executive a base salary ("Base Salary") equal to $248,000 $186,000 per annum. Executive's Base Salary shall never be less than 75% of the Base Salary of the Chief Executive Officer. The Base Salary shall be paid in periodic installments in accordance with the Company's regular payroll practices. The Base Salary may only be increased, but not decreased without the written consent of the Executive. At the option of Executive in any fiscal year of the Company in which:... A) at any time market cap is at least $500,000,000; and B) traded price per share is at least $6.00 per share stock price on a national securities exchange for 60 consecutive days (the "Incentive Criteria"), Executive may elect to receive all or any portion of Base Salary for a subsequent period in shares of Common Stock valued at the thirty-day VWAP for each pay period for which the election is applicable. View More
Base Salary. Hancock Jaffe shall pay Executive a base salary ("Base Salary") at an annual rate of Two Hundred Twenty Five Thousand Dollars ($225,000) during the Term, paid in accordance with the regular payroll practices of Hancock Jaffe. The Base Salary shall be subject to annual review and adjustment at the sole discretion of the CEO.
Base Salary. Hancock Jaffe shall pay Executive a base salary ("Base Salary") at an annual rate of Two One Hundred Twenty Five and Ninety Thousand Dollars ($225,000) ($190,000) during the Term, paid in accordance with the regular payroll practices of Hancock Jaffe. The Base Salary shall be subject to annual review and adjustment at the sole discretion of the CEO.
Base Salary. The Company shall pay Employee, as compensation for Employee's services, a base salary at a gross annual rate of $[ ], less all required tax withholdings and other applicable deductions, in accordance with the Company's standard payroll procedures. The annual compensation specified in this Section 2, together with any modifications in such compensation that the Company may make from time to time, is referred to in this Agreement as the "Base Salary." Employee's Base Salary will be subject to rev...iew and adjustments that will be made based upon the Company's normal performance review practices. Effective as of the date of any change to Employee's Base Salary, the Base Salary as so changed shall be considered the new Base Salary for all purposes of this Agreement.View More
Base Salary. The Company shall pay Employee, as compensation for Employee's services, a base salary at a gross annual rate of $[ ], $[_____], less all required tax withholdings and other applicable deductions, in accordance with the Company's standard payroll procedures. The annual compensation specified in this Section 2, together with any modifications in such compensation that the Company may make from time to time, is referred to in this Agreement as the "Base Salary." Employee's Base Salary will be subj...ect to review and adjustments that will be made based upon the Company's normal performance review practices. Effective as of the date of any change to Employee's Base Salary, the Base Salary as so changed shall be considered the new Base Salary for all purposes of this Agreement. View More
Base Salary. The Base Salary provision in Section 3(a) of the agreement is deleted in its entirety and replaced with the following provision: Base Salary. The Company shall pay to Executive the sum of ONE HUNDRED EIGHTY THOUSAND DOLLARS ($180,000) as an annual salary (the "Base Salary"), payable in accordance with the normal payroll practices of the Company.
Base Salary. The Base Salary provision in Section 3(a) of the agreement Agreement is deleted in its entirety and replaced with the following provision: Base Salary. The Company shall pay to Executive the sum of ONE TWO HUNDRED EIGHTY THOUSAND DOLLARS ($180,000) ($200,000) as an annual salary (the "Base Salary"), payable in accordance with the normal payroll practices of the Company.
Base Salary. In consideration for your services under this Agreement, you shall be paid an annual base salary of $450,000 (your annual base salary in effect as of the date of this letter agreement), to be paid in accordance with the Company's standard payroll practices. Your base salary shall be reviewed annually by the President and Chief Executive Officer and the compensation committee of the Board of Directors.
Base Salary. In consideration for your services under this Agreement, you shall be paid an annual base salary of $450,000 $415,000 (your annual base salary in effect as of the date of this letter agreement), to be paid in accordance with the Company's standard payroll practices. Your base salary shall be reviewed annually by the President and Chief Executive Officer and the compensation committee of the Board of Directors.
Base Salary. As compensation for all services provided by you during your Term of Employment, and subject to your performance in accordance with the terms of this Agreement, the Company shall pay you a base salary at an annual rate of $275,000 (the annual rate being defined herein as the "Base Salary"). All payments of Base Salary will be made in accordance with the Company's regular payroll practices. The amount of Base Salary shall be reevaluated periodically by the Compensation Committee of the Board of D...irectors of OBO Holdings or the Company, or, if no such committee exists, the Board of Directors of OBO Holdings (the "Board"), with the input of the Chief Executive Officer of the Company or his designee; provided, that the Base Salary may not be reduced to an amount below $275,000.View More
Base Salary. As compensation for all services provided by you during your Term of Employment, and subject to your performance in accordance with the terms of this Agreement, the Company shall pay you a base salary at an annual rate of $275,000 $450,000 (the annual rate being defined herein as the "Base Salary"). All payments of Base Salary will be made in accordance with the Company's regular payroll practices. The amount of Base Salary shall may be reevaluated periodically by the Compensation Committee of t...he Board of Directors of OBO Holdings or the Company, or, if no such committee exists, the Board of Directors of OBO Holdings (the "Board"), with the input of the Chief Executive Officer of the Company or his designee; provided, that the Base Salary may not be reduced to an amount below $275,000. $450,000. Your Base Salary for 2022 will be pro-rated for the actual number of days you are employed in the calendar year 2022. View More
Base Salary. So long as this Agreement remains in effect, for all services rendered by Executive hereunder and all covenants and conditions undertaken by the Parties pursuant to this Agreement, the Company shall pay, and Executive shall accept, as compensation, an annual base salary ("Base Salary") of $360,000, which shall be payable in cash; provided that solely during the 12 month period from September 1, 2022 to August 31, 2023, the Base Salary shall be paid by way of (a) $300,000 in cash; and (b) $60,000... in shares of the Company's common stock, issuable pursuant to the Company's Second Amended and Restated 2019 Equity Incentive Plan, and valued at the closing sales price of the Company's common stock on the Nasdaq Capital Market on the date that the Second Amendment to Executive Employment Agreement effective September 1, 2022, is approved by the Board of Directors and Compensation Committee of the Company, and with such vesting terms as approved by the Board of Directors and Compensation Committee. The Base Salary shall be payable in regular installments in accordance with the normal payroll practices of the Company, in effect from time to time, but in any event no less frequently than on a monthly basis (except as discussed above). For so long as Executive is employed hereunder, beginning December 31, 2020, and on each December 31st thereafter, the Base Salary may be increased as determined by the Compensation Committee of the Board (the "Compensation Committee"), in its sole and absolute discretion. Additionally, in the event that Executive meets at least 70% of the requirements for any annual Performance Bonus, as determined in the reasonable discretion of the Compensation Committee of the Board of Directors, pursuant to the timeline and requirements of Section 2.3 hereof, Executive's Base Salary shall increase by 20% (effective upon confirmation by the Compensation Committee that such metrics were met)(the "Base Salary Increase"). Executive shall be eligible for the Base Salary Increase on an annual basis with such increases being cumulative. Such increases in salary shall be documented in the Company's records, but shall not require the Parties enter into a new or amended form of this Agreement." (b) Effective as of the Effective Date, Section 3.2 of the Agreement is amended to include the following sentence at the end thereof which shall begin immediately following the last sentence of the current Section 3.2: "Any severance payments previously paid to the Executive under Section 3.4.2 hereof shall be subtracted by the Change of Control Payment payable pursuant to this Section 3.2."View More
Base Salary. So long as this Agreement remains in effect, for all services rendered by Executive hereunder and all covenants and conditions undertaken by the Parties pursuant to this Agreement, the Company shall pay, and Executive shall accept, as compensation, an annual base salary ("Base Salary") of $360,000, which shall be payable in cash; provided that solely during the 12 four month period from September 1, 2022 to August December 31, 2023, 2022, the Base Salary shall be paid by way of (a) a pro rata po...rtion of $300,000 in cash; and (b) cash. In addition, Executive shall be issued $60,000 in shares of the Company's common stock, issuable pursuant to the Company's Second Amended and Restated 2019 Equity Incentive Plan, and valued at the closing sales price of the Company's common stock on the Nasdaq Capital Market on the date that the Second Amendment to Executive Employment Agreement effective September 1, 2022, is approved by the Board of Directors and Compensation Committee of the Company, and with such vesting terms as approved by the Board of Directors and Compensation Committee. Committee, which shares shall be issued by September 15, 2022. The Base Salary shall be payable in regular installments in accordance with the normal payroll practices of the Company, in effect from time to time, but in any event no less frequently than on a monthly basis (except as discussed above). For so long as Executive is employed hereunder, beginning December 31, 2020, and on each December 31st thereafter, the Base Salary may be increased as determined by the Compensation Committee of the Board (the "Compensation Committee"), in its sole and absolute discretion. Additionally, in the event that Executive meets at least 70% of the requirements for any annual Performance Bonus, as determined in the reasonable discretion of the Compensation Committee of the Board of Directors, pursuant to the timeline and requirements of Section 2.3 hereof, Executive's Base Salary shall increase by 20% (effective upon confirmation by the Compensation Committee that such metrics were met)(the "Base Salary Increase"). Executive shall be eligible for the Base Salary Increase on an annual basis with such increases being cumulative. Such increases in salary shall be documented in the Company's records, but shall not require the Parties enter into a new or amended form of this Agreement." (b) Effective as Agreement. Any unpaid amount of Base Salary not paid during the Effective Date, Section 3.2 of the Agreement is amended four-month period from September 1, 2022 to include the following sentence at the end thereof which shall begin immediately following the last sentence of the current Section 3.2: "Any severance payments previously paid to the Executive under Section 3.4.2 hereof December 31, 2022 shall be subtracted by the Change of Control Payment payable pursuant to this Section 3.2." deemed forgiven." View More
Base Salary. The Company agrees to pay the Executive an annual base salary ("Base Salary") of $600,000, payable in accordance with the regular payroll practices of the Company.
Base Salary. The Company agrees to pay the Executive an annual base salary ("Base Salary") of $600,000, $400,000, payable in accordance with the regular payroll practices of the Company.
Base Salary. You will be paid a base salary at the annualized rate of $175,000. The base salary will be paid in accordance with our regular payroll practices.
Base Salary. You will be paid a base salary at the annualized rate of $175,000. $194,000. The base salary will be paid in accordance with our regular payroll practices.
Base Salary. For your first year of employment with the Company, you will be paid a base salary at the annualized rate of $290,000. The base salary will be paid in accordance with our regular payroll practices.
Base Salary. For your first year of employment with the Company, you will be paid a base salary at the annualized rate of $290,000. $450,000. The base salary will be paid in accordance with our regular payroll practices.
