Base Salary. The Corporation shall pay the Employee a base salary (the “Base Salary”), initially at the rate of $285,000 per annum, payable monthly, semi-monthly or weekly according to the Corporation’s general practice for its officers. Such Base Salary may be modified by the Chief Executive Officer or the Compensation Committee of the Board of Directors (or, if the Employee is an “Executive Officer” under regulations of the Securities and Exchange Commission, then only by the Compensation Committee of the Board of Directors) in their sole discretion. Following any such modification, any then-current Base Salary shall be the “Base Salary” for purposes of this Agreement.
Base Salary. The Corporation shall pay the Employee a base salary (the “Base Salary”), initially at the rate of $285,$270,000 per annum, payable monthly, semi-monthly or weekly according to the Corporation’s general practice for its officers. Such Base Salary may be modified by the Chief Executive Officer or the Compensation Committee of the Board of Directors (or, if the Employee is an “Executive Officer” under regulations of the Securities and Exchange Commission, then only by the Compensation Committee of the Board of Directors) in their sole discretion. Following any such modification, any then-current Base Salary shall be the “Base Salary” for purposes of this Agreement.
Base Salary. The CorporationCompany shall pay theto Employee aan annualized base salary of $350,000 (the “Base Salary”), initially at beginning on the rateeffective date of $285,000 per annum,this Agreement, less such deductions as are required by law or that Employee may elect in accordance with Company policy and procedure, payable monthly, semi-monthly or weekly according toin equal periodic installments in accordance with the Corporation’Company’s general practice for its officers. Such Base Salary may be modified by the Chief Executive Officer or the Compensation Committee of the Board of Directors (or, if the Employee is an “Executive Officer” under regulations of the Securities and Exchange Commission, then only by the Compensation Committee of the Board of Directors) in their sole discretion. Following any such modification, any then-currentcustomary payroll practices, but no less frequently than monthly. The Base Salary shall be prorated for any partial year of employment on the “Base Salary” for purposesbasis of this Agreement.a 365-day year. The Base Salary shall be reviewed at least annually by the Company’s Board of Directors (the “Board”) and may change at the Board’s sole and absolute discretion in consultation with the CEO.
Base Salary. The CorporationEmployee shall pay the Employeebe paid a base salary (the “Base Salary”), initially at the rate of $285,000($522,365.00) per annum, payable monthly, semi-monthlyannum (“Base Salary”), less such deductions for withholding taxes required under applicable law or weekly according toas otherwise authorized by the Corporation’s general practice for its officers. SuchExecutive. The Base Salary mayshall accrue from and after the Effective Date and shall be modified bypayable during the Chief Executive Officer or the Compensation Committee of the Board of Directors (or, if the Employee is an “Executive Officer” under regulations of the Securities and Exchange Commission,Term in equal periodic installments in accordance with Company’s then only by the Compensation Committee of the Board of Directors) in their sole discretion. Following any such modification, any then-current general salary payment policies. The Executive’s Base Salary shall be reviewed from time to time by the “Base Salary” for purposesBoard and may be increased based upon the evaluation of this Agreement.the Executive’s performance and the compensation policies of the Company in effect at the time of each such review.
Base Salary. The CorporationDuring the Employment Period, Executive’s base salary shall paybe in an amount set by the EmployeeBoard (or a base salarycommittee thereof), but under no circumstances will it be less than $320,000 per annum (the “Base Salary”), initially atwhich salary shall be payable in regular installments in accordance with the rate of $285,000 per annum, payable monthly, semi-monthly or weekly according to the Corporation’Company’s general practice for its officers. Such Base Salary maypayroll practices and shall be modified by the Chief Executive Officer or the Compensation Committee of the Board of Directors (or, if the Employee is an “Executive Officer” under regulations of the Securities and Exchange Commission, then only by the Compensation Committee of the Board of Directors) in their sole discretion. Following any such modification, any then-currentsubject to customary withholding. The Base Salary shall be subject to annual increases by the Board (or a committee thereof), in its sole discretion, which increases shall thereafter be Executive’s “Base Salary” for all purposes ofunder this Agreement.
Base Salary. The CorporationDuring the Employment Period, the Company shall pay the Employee aExecutive, as compensation for the performance of the Executive’s duties and obligations under this Agreement, an annual base salary (the “Base Salary”), initially atof $340,000, payable in a manner that is consistent with the rateCompany’s usual payroll practices for senior executives. The Executive’s base salary shall be reviewed annually by each of $285,000 per annum, payable monthly, semi-monthly or weekly according to the Corporation’s general practice for its officers. Such Base Salary may be modified by the Chief Executive Officer or the Compensation Committee of the Board of Directors (or,or any successor to such committee (the “Committee”) and the Board or for adjustment. Such adjustment, if any, shall be within the Employee is an “Executive Officer” under regulationssole discretion of the Securities and Exchange Commission, then only by the Compensation Committee of the Board of Directors)Board. The annual base salary in their sole discretion. Followingeffect at any such modification, any then-current Base Salary shall be thegiven time is referred to herein as “Base Salary” for purposes of this Agreement.Salary.”
Base Salary. Employee’s initial annual base salary under this Agreement shall be $115,500, subject to required and authorized deductions and withholdings. This base salary is subject to upward or downward adjustment by the recommendations of the CEO, Chairman of the Board and Vice Chairman of the Board, the Compensation Committee and the final approval of the Board. This Compensation shall be reviewed at least annually. The CorporationCompany shall pay the Employee a base salary (the “Base Salary”), initially at the rate of $285,000 per annum, payable monthly, semi-monthly or weekly according to the Corporation’Employee in accordance with its standard payroll practices. Employee’s general practice for its officers. Such Base Salarybase salary may be modifiedsubject to review and adjustment by the Chief Executive Officer or the Compensation Committee of the Board of Directors (or, if the Employee is an “Executive Officer” under regulations of the Securities and Exchange Commission, then only by the Compensation Committee of the Board of Directors) in their sole discretion. Following any such modification, any then-current Base Salary shall be the “Base Salary” for purposes of this Agreement.Company from time to time.
Base Salary. The CorporationDuring the Employment Term, the Company shall pay to the EmployeeExecutive a base salary (the “Base Salary”), initially at the rate of $285,$675,000 per annum, payable monthly, semi-monthly or weekly according toconsistent with the Corporation’Company’s general practice for its officers.standard payroll practices then in effect (“Base Salary”). Such Base Salary mayshall be modified by the Chief Executive Officer or the Compensation Committee of the Board of Directors (or, if the Employee is an “Executive Officer” under regulations of the Securities and Exchange Commission, then onlyreviewed by the Compensation Committee of the Board of Directors) in their sole discretion. Following(hereinafter the “Compensation Committee”) at least annually, with any such modification, any then-current Base Salary shall be the “Base Salary” for purposes of this Agreement.changes taking into account, among other factors, Company and individual performance.
Base Salary. The CorporationAs compensation for Executive’s performance of Executive’s duties hereunder, Company shall pay the Employee a base salary (the “Base Salary”), initially at the rateto Executive an initial Base Salary of $285,$400,000 per annum,year, payable monthly, semi-monthly or weekly according toin accordance with the Corporation’s general practice for its officers. Such Base Salary may be modified by the Chief Executive Officer or the Compensation Committeenormal payroll practices of the Board of Directors (or, if the Employee is an “Executive Officer” under regulations of the SecuritiesCompany (but not less frequently than monthly), less required deductions for state and Exchange Commission, then only by the Compensation Committee of the Board of Directors) in their sole discretion. Following any such modification, any then-currentfederal withholding tax, social security and all other employment taxes and payroll deductions. The Base Salary shall be reviewed by the Board not less often than annually. The term “Base Salary” for purposes of this Agreement.shall refer to the Base Salary as may be in effect from time to time.
Base Salary. The CorporationCompany shall pay to the Employee aExecutive for the performance of his duties under this Agreement an initial base salary of $525,000 per year (the “Base Salary”), initially atpayable in accordance with the Company’s normal payroll practices. Thereafter, the rate of $285,000 per annum, payable monthly, semi-monthly or weekly according to the Corporation’Executive’s general practice for its officers. Such Base Salary maywill be modified byreviewed and adjusted as appropriate in accordance with the Chief Executive Officer or the Compensation CommitteeCompany’s regular compensation review practices. Effective as of the Boarddate of Directors (or, if the Employee is an “Executive Officer” under regulations of the Securities and Exchange Commission, then only by the Compensation Committee of the Board of Directors) in their sole discretion. Following any such modification, any then-currentincrease, the Base Salary so increased shall be considered the “Base Salary”new Base Salary for all purposes of this Agreement.
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