Base Salary Sample Clauses
The Base Salary clause defines the fixed annual or periodic compensation that an employee will receive for performing their job duties. It typically specifies the exact amount, the frequency of payment (such as bi-weekly or monthly), and may reference whether the salary is subject to review or adjustment. This clause ensures both parties have a clear understanding of the employee’s guaranteed earnings, thereby preventing disputes over pay and establishing a foundation for the employment relationship.
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Base Salary. During the Employment Period, the Company shall pay the Executive a base salary (“Base Salary”) at an initial annualized rate of $200,000 per year, payable in accordance with the Company’s regular payroll practices relating to salaried employees. The Supervisor may review the Base Salary from year to year and may approve an increase in the Base Salary as the Supervisor deems appropriate.
Base Salary. The Executive shall receive a base salary at the annual rate of One Hundred Eighty Thousand ($180,000) Dollars (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the discretion of the Board, be increased at any time or from time to time.
Base Salary. The Company shall pay Executive as compensation for Executive’s services an annual base salary (as initially established and as it may change from time to time, the “Base Salary”) set forth on Exhibit B, payable beginning on the Effective Date in accordance with the Company’s usual payroll practices. The amount of Executive’s Base Salary shall be reviewed annually by the Board of Directors, which may increase, but not decrease, Executive’s Base Salary.
Base Salary. The Company shall pay to the Executive an annual base salary of $200,000, payable on a monthly basis commencing on the Effective Date (as the same may be adjusted herein, the “Base Salary”). The Base Salary shall be paid in accordance with the Company’s payroll policies.
Base Salary. The Company shall pay Executive a base salary (the “Base Salary”) at the annual rate of Eighty-Five Thousand Dollars per year ($85,000.00), payable at such times as the Company customarily pays its other senior level executives (but in any event no less often than monthly).
Base Salary. The Executive’s initial annual base salary shall be $410,000. The Executive’s base salary shall be reviewed annually by the Board or designated committee thereof. The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers, but no less often than monthly.
Base Salary. During the Employment Period, the Executive shall receive an annual base salary ("Annual Base Salary"), which shall be paid at a monthly rate, at least equal to twelve times the highest monthly base salary paid or payable, including any base salary which has been earned but deferred, to the Executive by the Company and its affiliated companies in respect of the twelve-month period immediately preceding the month in which the Effective Date occurs. During the Employment Period, the Annual Base Salary shall be reviewed no more than 12 months after the last salary increase awarded to the Executive prior to the Effective Date and thereafter at least annually. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased. As used in this Agreement, the term "affiliated companies" shall include any company controlled by, controlling or under common control with the Company.
Base Salary. “Base Salary” shall have the meaning set forth in Section 3(a) hereof.
Base Salary. During the Employment Period, the Executive shall receive an annual base salary (the “Base Salary”) of no less than $600,000, payable in accordance with the Company’s regular payroll practices. The Base Salary shall be reviewed periodically by the Compensation Committee of the Board (the “Compensation Committee”), and may be increased but not decreased.
Base Salary. During the Employment Period, the Company shall pay to Employee an annualized base salary of $400,000 (the “Base Salary”) in consideration for Employee’s services under this Agreement, payable in substantially equal installments in conformity with the Company’s customary payroll practices for similarly situated employees as may exist from time to time, but no less frequently than monthly.