Common use of Amendment and Restatement of Section 2 Clause in Contracts

Amendment and Restatement of Section 2. 1. Section 2.1 of the Agreement is hereby amended and restated in its entirety as follows: Effective as of January 1, 2008, the Executive shall receive for all services rendered under this Agreement an annualized base salary of $252,000, subject to federal and state withholding requirements, payable in accordance with the Company’s usual payroll practices. Such salary shall be adjusted no less than annually at the discretion of the Compensation Committee of the Board, but in no event will the base salary be reduced.

Amendment and Restatement of Section 2. 1. Section 2.1 of the Agreement is hereby amended and restated in its entirety as follows: Effective as of January 1, 2008, the Executive shall receive for all services rendered under this Agreement an annualized base salary of $252,000260,000, subject to federal and state withholding requirements, payable in accordance with the Company’s usual payroll practices. Such salary shall be adjusted no less than annually at the discretion of the Compensation Committee of the Board, but in no event will the base salary be reduced.

Amendment and Restatement of Section 2. 1. Section 2.1 of the Agreement is hereby amended and restated in its entirety as follows: Effective as of January 1, 2008, the Executive shall receive for all services rendered under this Agreement an annualized base salary of $252,000350,000, subject to federal and state withholding requirements, payable in accordance with the Company’s usual payroll practices. Such salary shall be adjusted no less than annually at the discretion of the Compensation Committee of the Board, but in no event will the base salary be reduced.