Common use of Annual Compensation Adjustments Clause in Contracts

Annual Compensation Adjustments. During the Employment Period, the Board of Directors of the Company (or an appropriate committee thereof) will consider and appraise, at least annually (beginning promptly after the first January 1 subsequent to the commencement of the Employment Period), the contributions of the Executive to the Company’s operating and/or administrative efficiency, growth, cash flow from operations and operating profits, and, in accordance with the Company’s practice and policies in effect immediately prior to the Change in Control of the Company, due and good faith consideration shall be given to the upward adjustment of the Executive’s base compensation rate, at least annually (beginning promptly after the first January 1 subsequent to the commencement of the Employment Period), commensurate with (i) increases generally given to other executives of the Company of comparable status and position to the Executive, and (ii) as the scope of the Company’s operations or the Executive’s duties expand.