Common use of Annual Increase Clause in Contracts

Annual Increase. During the Contract Period, the Compensation Committee of the Board and the Board shall review Executive’s compensation on an annual basis. The Board may, in the exercise of its discretion, award Executive increased compensation to reflect the impact of inflation, his performance, Employer's financial performance, and competitive compensation levels, all as determined in the sole discretion of the Board. Any increase in compensation may take any form, including but not limited to an increase in annual salary.

Annual Increase. During the Contract Periodterm of this Agreement, the Compensation Committee of the Board and the Board shall review Executive’s compensation on an annual basis. The Board may, in the exercise of its discretion, award Executive him increased compensation to reflect the impact of inflation, his performance, Employer's financial performance, and competitive compensation levels, all as determined in the sole discretion of the Board. Any increase in compensation may take any form, including but not limited to an increase in annual salary.

Annual Increase. During the Contract Period, the Compensation Committee of the Board and the either Board shall review review, no less than annually, the Executive’s 's compensation on an annual basis. The Board may, in and shall award the exercise of its discretion, award Executive increased additional compensation to reflect the impact of inflation, his Executive's performance, Employer's financial performance, and competitive compensation levels, all as determined in the sole discretion of the applicable Board. Any increase in Additional compensation may take any form, as determined by either Board, including but not limited to an increase increases in annual salary, incentive bonuses and/or bonuses not tied to performance.