Salary Clause Example with 4 Variations from Business Contracts

This page contains Salary clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Salary. The Company shall pay the Executive a Base Salary which shall be payable in periodic installments, less statutory deductions and withholdings, according to the Company's normal payroll practices. Commencing as of the Effective Date, the Executive's base salary shall be SEVEN HUNDRED TWENTY-FIVE THOUSAND DOLLARS ($725,000) per year. The AINC Board or a compensation committee duly appointed by the AINC Board (the "Compensation Committee") shall thereafter review the Executive's Base Salary annuall...y to determine within its sole discretion whether and to what extent the Executive's salary may be increased, but in no event shall it be decreased (for the purposes of this Agreement, the term "Base Salary" shall mean the amount established and adjusted from time to time pursuant to this Section 3). In addition, the Company shall pay the Executive a one-time cash payment of TWO HUNDRED FIFTY THOUSAND DOLLARS ($250,000) on the Effective Date. View More
Found in ASHFORD HOSPITALITY TRUST INC contract

Variations of a "Salary" Clause from Business Contracts

Salary. The Company shall pay the Executive a Base Salary which shall be payable in periodic installments, less statutory deductions and withholdings, according to the Company's normal payroll practices. Commencing as of the Effective Date, the Executive's base salary shall be SEVEN THREE HUNDRED TWENTY-FIVE THIRTY THOUSAND DOLLARS ($725,000) ($330,000) per year. The AINC Board or a compensation committee the Compensation Committee duly appointed by the AINC Board (the "Compensation Committee") shall th...ereafter review the Executive's Base Salary annually to determine within its sole discretion whether and to what extent the Executive's salary may be increased, but in no event shall it be decreased increased (for the purposes of this Agreement, the term "Base Salary" shall mean the amount established and adjusted from time to time pursuant to this Section 3). In addition, the Company shall pay the Executive a one-time cash payment of TWO HUNDRED FIFTY THOUSAND DOLLARS ($250,000) on the Effective Date. View More
Found in ASHFORD HOSPITALITY TRUST INC contract
Salary. The Company shall pay the Executive a Base Salary which shall be payable in periodic installments, less statutory deductions and withholdings, according to the Company's normal payroll practices. Commencing as of the Effective Date, the Executive's base salary shall be SEVEN THREE HUNDRED TWENTY-FIVE THIRTY THOUSAND DOLLARS ($725,000) ($330,000.00) per year. The AINC Board or a compensation committee Compensation Committee duly appointed by the AINC Board (the "Compensation Committee") shall the...reafter review the Executive's Base Salary annually to determine within its sole discretion whether and to what extent the Executive's salary may be increased, but in no event shall it be decreased increased (for the purposes of this Agreement, the term "Base Salary" shall mean the amount established and adjusted from time to time pursuant to this Section 3). In addition, the Company shall pay the Executive a one-time cash payment of TWO HUNDRED FIFTY THOUSAND DOLLARS ($250,000) on the Effective Date. View More
Found in ASHFORD HOSPITALITY TRUST INC contract
Salary. The Company shall pay the Executive a Base Salary which shall be payable in periodic installments, less statutory deductions and withholdings, according to the Company's normal payroll practices. Commencing Effective as of the Effective Date, (and retroactive to) August 1, 2019, the Executive's base salary shall be SEVEN HUNDRED TWENTY-FIVE THOUSAND DOLLARS ($725,000) per year. The AINC Board or a compensation committee duly appointed by the AINC Board (the "Compensation Committee") shall therea...fter review the Executive's Base Salary annually to determine within its sole discretion whether and to what extent the Executive's salary may be increased, but in no event shall it be decreased (for the purposes of this Agreement, the term "Base Salary" shall mean the amount established and adjusted from time to time pursuant to this Section 3). In addition, the Company shall pay the Executive a one-time cash payment of TWO HUNDRED FIFTY THOUSAND DOLLARS ($250,000) on the Effective Date. View More
Found in Ashford Inc. contract
Salary. The Company shall pay the Executive a Base Salary which shall be payable in periodic installments, less statutory deductions and withholdings, according to the Company's normal payroll practices. Commencing as of the Effective Date, the Executive's base salary shall be SEVEN FOUR HUNDRED TWENTY-FIVE FIFTY THOUSAND DOLLARS ($725,000) ($450,000) per year. The AINC Board or a compensation committee duly appointed by the AINC Board (the "Compensation "AINC Compensation Committee") shall thereafter r...eview the Executive's Base Salary annually to determine within its sole discretion whether and to what extent the Executive's salary may be increased, but in no event shall it be decreased (for the purposes of this Agreement, the term "Base Salary" shall mean the amount established and adjusted from time to time pursuant to this Section 3). In addition, the Company shall pay the Executive a one-time cash payment of TWO HUNDRED FIFTY THOUSAND DOLLARS ($250,000) on the Effective Date. View More
Found in Ashford Inc. contract