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Provision: Compensation, General

Sample Provision

Company will pay you basic compensation for services at the annual rate of ____________________, payables semimonthly. The annual rate will be subject to review by company each year and maybe increased but not decreased. If you are selected to participate in a company bonus plan (the "incentive plan"), you will be entitled to the awards, if any, that may be payable under the terms of the incentive plan. You may elect to have all or any part of your compensation paid under the terms of any applicable deferred compensation plan.

Sample Provision

The Executive shall be paid by the company and annualized base salary, payable in accordance with the regular payroll practices of the company, of [specify annual salary]. During the term of employment, the base salary shall be reviewed no less than annually for increase or decrease in the discretion of the Board; provided, however, that the Board may decrease the base salary only is such decrease as part of an across-the-board reduction of the salaries which occur prior to a change in control and which affects all members of the senior management of the company.

Sample Provision

Company agrees to pay executive, and executive agrees to accept from company for his services hereunder, a base salary of [specify an amount in dollars]. Base salary shall be payable in accordance with the company's regular payroll practices.

Employment Contract Provision Index

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Fisher Phillips | California | Glimmers of Hope? Pair of Recent PAGA Cases Provide Rare Procedural Victories for California Employers (January 31, 2018)

Ogletree Deakins | California | California’s Salary History Ban: Answers to Frequently Asked Questions (January 23, 2018)

Fisher Phillips | California | The ICEman Cometh? Recent War of Words Puts California Employers in the Crosshairs of National Immigration Debate (January 22, 2018)

Fisher Phillips | California | DLSE Publishes Voluntary Template for Required Employer AB 450 Notice (February 11, 2018)

Jackson Lewis P.C. | California | Trial Court Properly Denied Attorneys’ Fees To Plaintiff Who Proved His Termination Was Substantially Motivated By His Disabilities, But Was Not The Prevailing Party At Trial (January 21, 2018)

Ogletree Deakins | California | Cal/OSHA Approves Long-Awaited Housekeeper Injury Prevention Regulations (January 24, 2018)

Fisher Phillips | California | Cal/OSHA Approves Hotel Housekeeping Injury Standard – Likely to Go Into Effect Later This Year (January 21, 2018)

Ogletree Deakins | California | As Marijuana Shops Thrive, California Employers Revisit Drug Policies (January 18, 2018)

Jackson Lewis P.C. | California | California Labor Department Releases Form for Employers Responding to Immigration Agency Inspection (February 12, 2018)