Common use of ANNUAL DIRECT SALARY Clause in Contracts

ANNUAL DIRECT SALARY. During the term of this Agreement, as compensation for services rendered to Company under this Agreement, the Executive shall be entitled to receive from the Company an annual direct salary of not less than $225,000 per year commencing January 1, 2003 (the "Annual Direct Salary"). Executive's Annual Direct Salary shall be payable in substantially equal bi-weekly installments, prorated for any partial employment period. The Annual Direct Salary shall be reviewed by the Board in January of each year this Agreement is in effect and may be adjusted in the discretion of the Board after taking into account the prevailing market value of the position and the then current pay increase practice of the Company. In no event shall the Annual Direct Salary be decreased without the express written consent of the Executive.

ANNUAL DIRECT SALARY. During the term of this Agreement, as compensation for services rendered to Company under this Agreement, the Executive shall be entitled to receive from the Company an annual direct salary of not less than $225,000 per year commencing January 1, 2003 as of the Effective Date (the "“Annual Direct Salary"”). Executive's ’s Annual Direct Salary shall be payable in substantially equal bi-weekly installments, prorated for any partial employment period. The Annual Direct Salary shall be reviewed by the Board in January of each year this Agreement is in effect and may be adjusted in the discretion of the Board after taking into account the prevailing market value of the position and the then current pay increase practice of the Company. In no event shall the Annual Direct Salary be decreased without the express written consent of the Executive.

ANNUAL DIRECT SALARY. During the term of this Agreement, as compensation for services rendered to Company under this Agreement, the Executive shall be entitled to receive from the Company an annual direct salary of not less than $225,000 348,400 per year commencing January 1, 2003 2005 (the "“Annual Direct Salary"”). Executive's ’s Annual Direct Salary shall be payable in substantially equal bi-weekly biweekly installments, prorated for any partial employment period. The Annual Direct Salary shall be reviewed by the Board in January of each year this Agreement is in effect and may be adjusted in the discretion of the Board after taking into account the prevailing market value of the position and the then current pay increase practice of the Company. In no event shall the Annual Direct Salary be decreased without the express written consent of the Executive.

ANNUAL DIRECT SALARY. During the term of this Agreement, as compensation for services rendered to Company under this Agreement, the Executive shall be entitled to receive from the Company an annual direct salary of not less than $225,000 320,000 per year commencing January 1, 2003 (the "Annual Direct Salary"). Executive's Annual Direct Salary shall be payable in substantially equal bi-weekly installments, prorated for any partial employment period. The Annual Direct Salary shall be reviewed by the Board in January of each year this Agreement is in effect and may be adjusted in the discretion of the Board after taking into account the prevailing market value of the position and the then current pay increase practice of the Company. In no event shall the Annual Direct Salary be decreased without the express written consent of the Executive.

ANNUAL DIRECT SALARY. During the term of this Agreement, as compensation for services rendered to Company under this Agreement, the Executive shall be entitled to receive from the Company an annual direct salary of not less than $225,000 255,000 per year commencing January 1, 2003 (the "Annual Direct Salary"). Executive's Annual Direct Salary shall be payable in substantially equal bi-weekly installments, prorated for any partial employment period. The Annual Direct Salary shall be reviewed by the Board in January of each year this Agreement is in effect and may be adjusted in the discretion of the Board after taking into account the prevailing market value of the position and the then current pay increase practice of the Company. In no event shall the Annual Direct Salary be decreased without the express written consent of the Executive.

ANNUAL DIRECT SALARY. During the term of this Agreement, as compensation for services rendered to Company under this Agreement, the Executive shall be entitled to receive from the Company an annual direct salary of not less than $225,000 415,000 per year commencing as of January 1, 2003 (the "Annual Direct Salary"). Executive's Annual Direct Salary shall be payable in substantially equal bi-weekly installments, prorated for any partial employment period. The Annual Direct Salary shall be reviewed by the Board in January of each year this Agreement is in effect and may be adjusted in the discretion of the Board after taking into account the prevailing market value of the position and the then current pay increase practice of the Company. In no event shall the Annual Direct Salary be decreased without the express written consent of the Executive.

ANNUAL DIRECT SALARY. During the term of this Agreement, as compensation for services rendered to Company under this Agreement, the Executive shall be entitled to receive from the Company an annual direct salary of not less than $225,000 350,000 per year commencing January 1May 4, 2003 2004 (the "“Annual Direct Salary"”). Executive's ’s Annual Direct Salary shall be payable in substantially equal bi-weekly biweekly installments, prorated for any partial employment period. The Annual Direct Salary shall be reviewed by the Board in January of each year this Agreement is in effect and may be adjusted in the discretion of the Board after taking into account the prevailing market value of the position and the then current pay increase practice of the Company. In no event shall the Annual Direct Salary be decreased without the express written consent of the Executive.

ANNUAL DIRECT SALARY. During the term of this Agreement, as compensation for services rendered to Company under this Agreement, the Executive shall be entitled to receive from the Company an annual direct salary of not less than $225,000 312,000 per year commencing January 1, 2003 2005 (the "“Annual Direct Salary"”). Executive's ’s Annual Direct Salary shall be payable in substantially equal bi-weekly biweekly installments, prorated for any partial employment period. The Annual Direct Salary shall be reviewed by the Board in January of each year this Agreement is in effect and may be adjusted in the discretion of the Board after taking into account the prevailing market value of the position and the then current pay increase practice of the Company. In no event shall the Annual Direct Salary be decreased without the express written consent of the Executive.

ANNUAL DIRECT SALARY. During the term of this Agreement, as compensation for services rendered to Company under this Agreement, the Executive shall be entitled to receive from the Company an annual direct salary of not less than $225,000 415,000 per year commencing January 1as of May 4, 2003 2004 (the "“Annual Direct Salary"”). Executive's The Annual Direct Salary shall be payable monthly (or otherwise) in substantially equal bi-weekly installmentsaccordance with the Company’s payroll practices, prorated for any partial employment period, subject to applicable taxes and withholding. The Annual Direct Salary shall be reviewed by the Board in January of each year this Agreement is in effect and may be adjusted in the discretion of the Board after taking into account the prevailing market value of the position and the then current pay increase practice of the Company. In no event shall the Annual Direct Salary be decreased without the express written consent of the Executive.

ANNUAL DIRECT SALARY. During the term of this AgreementEffective on and after October 29, 2007, as compensation for services rendered to the Company under this Agreement, the Executive shall be entitled to receive from the Company an annual direct salary of not less than $225,000 per year commencing January 1year, 2003 less all applicable taxes and withholdings (the "“Annual Direct Salary"”). Executive's ’s Annual Direct Salary shall be payable in substantially equal bi-weekly installments, biweekly installments and shall be prorated for any partial employment period. The Annual Direct Salary shall be reviewed by the Board in January of each year this Agreement is in effect and may be adjusted in the discretion of the Board after taking into account the prevailing market value of the position and the then current pay increase practice practices of the Company. In no event shall the Annual Direct Salary be decreased without the express written consent of the Executive.

ANNUAL DIRECT SALARY. During the term of this Agreement, as compensation for services rendered to Company under this Agreement, the Executive shall be entitled to receive from the Company an annual direct salary of not less than $225,000 237,500 per year commencing January 1, 2003 (the "Annual Direct Salary"). Executive's Annual Direct Salary shall be payable in substantially equal bi-weekly installments, prorated for any partial employment period. The Annual Direct Salary shall be reviewed by the Board in January of each year this Agreement is in effect and may be adjusted in the discretion of the Board after taking into account the prevailing market value of the position and the then current pay increase practice of the Company. In no event shall the Annual Direct Salary be decreased without the express written consent of the Executive.

ANNUAL DIRECT SALARY. During the term of this Agreement, as compensation for services rendered to Company under this Agreement, the Executive shall be entitled to receive from the Company an annual direct salary of not less than $225,000 320,000 per year commencing as of January 1, 2003 2006 (the "“Annual Direct Salary"”). Executive's The Annual Direct Salary shall be payable in substantially equal bi-weekly biweekly installments, prorated for any partial employment period. The Annual Direct Salary shall be reviewed by the Board in January of each year this Agreement is in effect and may be adjusted in the discretion of the Board after taking into account the prevailing market value of the position and the then current pay increase practice of the Company. In no event shall the Annual Direct Salary be decreased without the express written consent of the Executive.

ANNUAL DIRECT SALARY. During the term of this AgreementEffective on and after January 1, 2012, as compensation for services rendered to the Company under this Agreement, the Executive shall be entitled to receive from the Company an annual direct salary of not less than $225,000 275,000 per year commencing January 1year, 2003 less all applicable taxes and withholdings (the "“Annual Direct Salary"”). Executive's ’s Annual Direct Salary shall be payable in substantially equal bi-weekly installments, biweekly installments and shall be prorated for any partial employment period. The Annual Direct Salary shall be reviewed by the Board in January February of each year this Agreement is in effect and may be adjusted in the discretion of the Board after taking into account the prevailing market value of the position and the then current pay increase practice practices of the Company. In no event shall the Annual Direct Salary be decreased without the express written consent of the Executive.

ANNUAL DIRECT SALARY. During the term of this Agreement, as compensation for services rendered to Company under this Agreement, the Executive shall be entitled to receive from the Company an annual direct salary of not less than $225,000 175,000 per year commencing January 1, 2003 as of the Start Date (the "“Annual Direct Salary"”). Executive's ’s Annual Direct Salary shall be payable in substantially equal bi-weekly biweekly installments, prorated for any partial employment period. The Annual Direct Salary shall be reviewed by the Board in January of each year this Agreement is in effect and may be adjusted in the discretion of the Board after taking into account the prevailing market value of the position and the then current pay increase practice of the Company. In no event shall the Annual Direct Salary be decreased without the express written consent of the Executive.

ANNUAL DIRECT SALARY. During the term of this Agreement, as compensation for services rendered to Company under this Agreement, the Executive shall be entitled to receive from the Company an annual direct salary of not less than $225,000 245,000 per year commencing January 1, 2003 (the "Annual Direct Salary"). Executive's Annual Direct Salary shall be payable in substantially equal bi-weekly installments, prorated for any partial employment period. The Annual Direct Salary shall be reviewed by the Board in January of each year this Agreement is in effect and may be adjusted in the discretion of the Board after taking into account the prevailing market value of the position and the then current pay increase practice of the Company. In no event shall the Annual Direct Salary be decreased without the express written consent of the Executive.