Common use of ANNUAL DIRECT SALARY Clause in Contracts

ANNUAL DIRECT SALARY. Effective 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 salary of not less than $275,000 per year, less all applicable taxes and withholdings (the “Annual Direct Salary”). Executive’s Annual Direct Salary shall be payable in substantially equal biweekly installments and shall be prorated for any partial employment period. The Annual Direct Salary shall be reviewed by the Board in 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 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. Effective on and after January 1, 2012During the term of this Agreement, 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 $275,000 175,000 per year, less all applicable taxes and withholdings year commencing as of the Start Date (the “Annual Direct Salary”). Executive’s Annual Direct Salary shall be payable in substantially equal biweekly installments and shall be installments, prorated for any partial employment period. The Annual Direct Salary shall be reviewed by the Board in February 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 practices 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. Effective on and after January 1, 2012During the term of this Agreement, 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 $275,000 237,500 per yearyear commencing January 1, less all applicable taxes and withholdings 2003 (the “"Annual Direct Salary”"). Executive’s 's Annual Direct Salary shall be payable in substantially equal biweekly installments and shall be bi-weekly installments, prorated for any partial employment period. The Annual Direct Salary shall be reviewed by the Board in February 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 practices 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. Effective on and after January 1, 2012During the term of this Agreement, 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 $275,000 225,000 per yearyear commencing January 1, less all applicable taxes and withholdings 2003 (the “"Annual Direct Salary”"). Executive’s 's Annual Direct Salary shall be payable in substantially equal biweekly installments and shall be bi-weekly installments, prorated for any partial employment period. The Annual Direct Salary shall be reviewed by the Board in February 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 practices 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. Effective on and after January 1, 2012During the term of this Agreement, 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 $275,000 312,000 per yearyear commencing January 1, less all applicable taxes and withholdings 2005 (the “Annual Direct Salary”). Executive’s Annual Direct Salary shall be payable in substantially equal biweekly installments and shall be installments, prorated for any partial employment period. The Annual Direct Salary shall be reviewed by the Board in February 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 practices 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. Effective on and after January 1, 2012During the term of this Agreement, 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 $275,000 245,000 per yearyear commencing January 1, less all applicable taxes and withholdings 2003 (the “"Annual Direct Salary”"). Executive’s 's Annual Direct Salary shall be payable in substantially equal biweekly installments and shall be bi-weekly installments, prorated for any partial employment period. The Annual Direct Salary shall be reviewed by the Board in February 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 practices 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. Effective on and after January 1, 2012During the term of this Agreement, 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 $275,000 350,000 per yearyear commencing May 4, less all applicable taxes and withholdings 2004 (the “Annual Direct Salary”). Executive’s Annual Direct Salary shall be payable in substantially equal biweekly installments and shall be installments, prorated for any partial employment period. The Annual Direct Salary shall be reviewed by the Board in February 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 practices 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. Effective on and after January 1, 2012During the term of this Agreement, 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 $275,000 225,000 per year, less all applicable taxes and withholdings year commencing as of the Effective Date (the “Annual Direct Salary”). Executive’s Annual Direct Salary shall be payable in substantially equal biweekly installments and shall be bi-weekly installments, prorated for any partial employment period. The Annual Direct Salary shall be reviewed by the Board in February 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 practices 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. Effective on and after January 1, 2012During the term of this Agreement, 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 $275,000 320,000 per yearyear commencing January 1, less all applicable taxes and withholdings 2003 (the “"Annual Direct Salary”"). Executive’s 's Annual Direct Salary shall be payable in substantially equal biweekly installments and shall be bi-weekly installments, prorated for any partial employment period. The Annual Direct Salary shall be reviewed by the Board in February 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 practices 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. Effective on and after January 1October 29, 20122007, 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 $275,000 225,000 per year, less all applicable taxes and withholdings (the “Annual Direct Salary”). Executive’s Annual Direct Salary shall be payable in substantially equal biweekly installments and shall be prorated for any partial employment period. The Annual Direct Salary shall be reviewed by the Board in February 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 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. Effective on and after January 1, 2012During the term of this Agreement, 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 $275,000 415,000 per yearyear commencing as of January 1, less all applicable taxes and withholdings 2003 (the “"Annual Direct Salary”"). Executive’s 's Annual Direct Salary shall be payable in substantially equal biweekly installments and shall be bi-weekly installments, prorated for any partial employment period. The Annual Direct Salary shall be reviewed by the Board in February 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 practices 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. Effective on and after January 1, 2012During the term of this Agreement, 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 $275,000 348,400 per yearyear commencing January 1, less all applicable taxes and withholdings 2005 (the “Annual Direct Salary”). Executive’s Annual Direct Salary shall be payable in substantially equal biweekly installments and shall be installments, prorated for any partial employment period. The Annual Direct Salary shall be reviewed by the Board in February 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 practices 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. Effective on and after January 1, 2012During the term of this Agreement, 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 $275,000 255,000 per yearyear commencing January 1, less all applicable taxes and withholdings 2003 (the “"Annual Direct Salary”"). Executive’s 's Annual Direct Salary shall be payable in substantially equal biweekly installments and shall be bi-weekly installments, prorated for any partial employment period. The Annual Direct Salary shall be reviewed by the Board in February 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 practices practice of the Company. In no event shall the Annual Direct Salary be decreased without the express written consent of the Executive.