Common use of Annual Base Salary and Bonus Clause in Contracts

Annual Base Salary and Bonus. As compensation for his services under this Agreement, the Employee shall receive, and the Company shall pay, an annual base salary of such amount as shall be determined by the Compensation Committee of the Company’s Board of Directors (or other committee performing similar functions), but not less than $250,000 (U.S.). Such annual base salary shall be payable in equal installments in accordance with the policy then prevailing for the Company’s Employees. In addition to such annual base salary, the Employee shall be entitled, during the Term, to an annual performance bonus as determined by the Compensation Committee of the Board of Directors (or other committee performing similar functions), and to participate in and receive payments from all other bonus and other incentive compensation plans as may be adopted by the Company as are made available to other Employees of the Company.

Annual Base Salary and Bonus. As compensation for his services under this Agreement, the Employee shall receive, and the Company shall pay, an annual base salary of such amount as shall be determined by the Compensation Committee of the Company’s Board of Directors (or other committee performing similar functions), but not less than $250,000 360,000 (U.S.). Such annual base salary shall be payable in equal installments in accordance with the policy then prevailing for the Company’s Employees. In addition to such annual base salary, the Employee shall be entitled, during the Term, to an annual performance bonus as determined by the Compensation Committee of the Board of Directors (or other committee performing similar functions), and to participate in and receive payments from all other bonus and other incentive compensation plans as may be adopted by the Company as are made available to other Employees of the Company.

Annual Base Salary and Bonus. As compensation for his services under this Agreement, the Employee shall receive, and the Company shall pay, an annual base salary of such amount as shall be determined by the Compensation Committee of the Company’s Board of Directors (or other committee performing similar functions), but not less than $250,000 225,000 (U.S.). Such annual base salary shall be payable in equal installments in accordance with the policy then prevailing for the Company’s Employees. In addition to such annual base salary, the Employee shall be entitled, during the Term, to an annual performance bonus as determined by the Compensation Committee of the Board of Directors (or other committee performing similar functions), and to participate in and receive payments from all other bonus and other incentive compensation plans as may be adopted by the Company as are made available to other Employees of the Company.