Base Salary. Commencing on the Effective Date, your initial base salary as President and CEO of the Company will be $1,250,000.
Base Salary. The Executive shall be entitled to a base salary (“Base Salary”) in the amount of $155,000 per year until such time as the Board of Directors of the Company also promotes the Executive as its CEO, at which time the Base Salary will increase to $200,000 per year, subject to the adjustment by the Board of Directors.
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