Common use of 1Base Salary Clause in Contracts

1Base Salary. As compensation for Xxxxxxxxx’s performance of Executive’s duties hereunder, effective beginning on the Effective Date the Company shall pay to Executive an initial Base Salary at the rate of Three-Hundred Ninety Thousand Dollars ($390,000.00) per year, payable in accordance with the normal payroll practices of the Company, less required deductions for state and federal withholding tax, social security and all other employment taxes and payroll deductions. Executive’s Base Salary shall be reviewed annually by the Compensation Committee of the Board (the “Compensation Committee”) and adjustments, if any, will be made at that time. In the event Executive’s employment under this Agreement is terminated by either party, for any reason, Executive will earn the Base Salary prorated to the date of termination, except as otherwise set forth herein.

1Base Salary. As compensation for XxxxxxxxxExecutive’s performance of Executive’s duties hereunder, effective beginning on the Effective Date the Company shall pay to Executive an initial Base Salary at the rate of ThreeThree Hundred Twenty-Hundred Ninety One Thousand Dollars ($390,000.00321,000.00) per year, payable in accordance with the normal payroll practices of the Company, less required deductions for state and federal withholding tax, social security and all other employment taxes and payroll deductions. Executive’s Base Salary shall be reviewed annually by the Compensation Committee of the Board (the “Compensation Committee”) and adjustments, if any, will be made at that time. In the event Executive’s employment under this Agreement is terminated by either party, for any reason, Executive will earn the Base Salary prorated to the date of termination, except as otherwise set forth herein.

1Base Salary. As compensation for XxxxxxxxxExecutive’s performance of Executive’s duties hereunder, effective beginning on the Effective Date the Company shall pay to Executive an initial Base Salary at the rate of Three-Three Hundred Ninety Thousand Dollars ($390,000.00) per year, payable in accordance with the normal payroll practices of the Company, less required deductions for state and federal withholding tax, social security and all other employment taxes and payroll deductions. Executive’s Base Salary shall be reviewed annually by the Compensation Committee of the Board (the “Compensation Committee”) and adjustments, if any, will be made at that time. In the event Executive’s employment under this Agreement is terminated by either party, for any reason, Executive will earn the Base Salary prorated to the date of termination, except as otherwise set forth herein.

1Base Salary. As compensation for XxxxxxxxxExecutive’s performance of Executive’s duties hereunder, effective beginning on the Effective Date the Company shall pay to Executive an initial Base Salary at the rate of Three-Three Hundred Ninety Sixteen Thousand Six Hundred Ten and 08/100 Dollars ($390,000.00316,610.08) per year, payable in accordance with the normal payroll practices of the Company, less required deductions for state and federal withholding tax, social security and all other employment taxes and payroll deductions. Executive’s Executives Base Salary shall be reviewed annually by the Compensation Committee of the Board Company (the “Compensation Committee”) and adjustments, if any, will be made at that time. In the event Executive’s employment under this Agreement is terminated by either party, for any reason, Executive will earn the Base Salary prorated to the date of termination, except as otherwise set forth herein.

1Base Salary. As compensation for XxxxxxxxxExecutive’s performance of Executive’s duties hereunder, effective beginning on the Effective Date the Company Orbis shall pay to Executive an initial Base Salary at the rate of Three-Three Hundred Ninety Two Thousand Nine Hundred Four and 03/100 Dollars ($390,000.00302,904.03) per year, payable in accordance with the normal payroll practices of the CompanyOrbis, less required deductions for state and federal withholding tax, social security and all other employment taxes and payroll deductions. Executive’s Executives Base Salary shall be reviewed annually by the Compensation Committee of the Board GCE (the “Compensation Committee”) and adjustments, if any, will be made at that time. In the event Executive’s employment under this Agreement is terminated by either party, for any reason, Executive will earn the Base Salary prorated to the date of termination, except as otherwise set forth herein.