Salary Contract Clauses (300)

Salary. The Company agrees to pay and the Executive agrees to accept, in accordance with the provisions contained herein, as compensation for performance of his duties and obligations to the Company hereunder, a salary at an annual rate set by the Board of Directors of the Company (the "Board"), but shall in no event be less than Three-Hundred Fifty Thousand Dollars ($350,000) per year, exclusive of the benefits described in Section 5, 6 and 7 hereof. Such salary shall be payable in equal semi-monthly i...nstallments, less usual, customary and the applicable government mandated payroll deductions. The Executive's salary shall be reviewed annually by the Board for possible increases. In addition, the Company agrees to pay and the Executive agrees to accept, in accordance with the provisions contained herein, as compensation for performance of his duties and obligations to the Company hereunder, any fees or payments authorized by the Board to be paid to the Executive for membership on the Board or any committee thereof. All amounts described in this Section shall be referred to in this Agreement collectively as the Executive's "Salary". The Executive shall be entitled to participate in such bonus programs as the Board of Directors or the compensation committee may establish in the sole discretion of the Board. The Executive, with Board approval, shall be eligible to receive shares of Common Stock or Options to purchase shares of Common Stock. At the end of the initial three (3) year term of the employment agreement, the Executive shall receive a bonus equal to two times the Executive's highest annual salary. This additional (one time) bonus is earned as of the renewal date of March 1, 2020. If the Executive leaves by his own accord and not a "Resignation for Good Reason" as defined below, at the end of the initial three (3) year term of the employment agreement, the Executive shall receive a bonus equal to or greater than two times the Executive's highest annual salary. View More

Salary. Executive will receive an annual salary of $548,245.00, to be paid in accordance with the Company's regular payroll schedule. Subsequent salary increases are subject to the Company's annual review of Executive's compensation and performance.

Salary. You will be paid a salary at the annual calendar year rate of $400,000.00 (the "Base Salary"), payable in accordance with the Employer's standard payroll practices for salaried employees, but in any event not less frequently than monthly. The Base Salary will begin to accrue on and from the Effective Date and will be subject to annual review and adjustment pursuant to the Employer's employee compensation policies in effect from time to time.

Salary. Your salary will be 150,000 USD per year, to be paid in monthly installments or otherwise in accordance with Company's normal payroll practices.

Salary. Your salary will be $250,000 per year initially, less payroll deductions and withholdings, paid on the Company's normal payroll schedule (the "Base Salary"). Your Base Salary will be paid in accordance with the Company's normal payroll schedule.

Salary. The Company agrees to pay the Executive a base salary ("Base Salary") of $200,000 per annum. Annual adjustments after the first year of the Employment Period shall be determined by the Board. The Base Salary shall be paid in periodic installments in accordance with the Company's regular payroll practices.

Salary. (a) Base Salary. For services performed by the Executive for the Employer pursuant to this Agreement, the Employer shall pay the Executive a base salary at the rate of three hundred and fifty-five thousand one hundred dollars ($355,100) per year, payable in substantially equal installments in accordance with the Employer's regular payroll practices. Executive's base salary shall be subject to review from time to time and the Employer may (but is not required to) increase the base salary as the B...oard or a committee thereof, in its discretion, may authorize or determine. View More

Salary. Your annual base salary will be $350,000 ("Salary") and paid in accordance with payroll practices applicable to all salaried employees in Illinois. Your base salary will be reviewed by the Company annually.

Salary. (a) You will be entitled to an annual salary of $190,000, payable in accordance with ZBB's normal salaried payroll practices. The Company's compensation committee will review, at least annually, your overall compensation with a view to increasing it if, in the sole judgment of the compensation committee, the performance of ZBB or your services merit such an increase. (b) ZBB shall be entitled to withhold from amounts to be paid to you hereunder any federal, state or local withholding or other ta...xes or charges which it is required to withhold under applicable law. (c) You shall be eligible to participate in various performance-based stock option and cash bonus plans offered by the Company, the terms and conditions of which shall be solely determined by the Company and approved by the Company's compensation committee. View More

Salary. Employee shall be entitled to receive an annual salary of Four Hundred Thousand Dollars ($400,000), payable in accordance with Employer's normal payroll policies and procedures. 5.2. Discretionary Bonus. Employee also may be eligible for a bonus from time to time for his services during the Term. Employee's eligibility to receive a bonus, any determination to award Employee such a bonus and, if awarded, the amount thereof shall be in Employer's sole discretion. 5.3. Expense Reimbursement. Employ...er shall reimburse Employee for reasonable and necessary business expenses incurred by Employee in connection with the performance of Employee's duties in accordance with Employer's usual practices and policies in effect from time to time. 5.4. Vacation. Employee shall continue to accrue vacation days without loss of compensation in accordance with Employer's usual policies applicable to all employees at a rate of four weeks' vacation time for each 12-month period during the Term. 5.5. Employee Benefits. Employee shall be eligible to participate in any medical insurance and other employee benefits made available by Employer to all of its employees under its group plans and employment policies in effect during the Term. Schedule 2 hereto sets forth a summary of such plans and policies as currently in effect. Employee acknowledges and agrees that, any such plans or policies now or hereafter in effect may be modified or terminated by Employer at any time in its discretion. 5.6. Payroll Taxes. Employer shall have the right to deduct from the compensation and benefits due to Employee hereunder any and all sums required for social security and withholding taxes and for any other federal, state, or local tax or charge which may be in effect or hereafter enacted or required as a charge on the compensation or benefits of Employee. View More