Base Salary and Benefits (a) During the Employment Period, Executive's base salary shall be $100,000 per annum or such higher rate as the Compensation Committee may designate from time to time (the "Base Salary"), provided that the Base Salary shall be subject to annual increases of no less than the increase in the Consumer Price Index announced from time to time. The Base Salary shall be payable in regular installments in accordance with the Company's general payroll practices.
Salary and Benefits During the term of this Agreement:
Annual Salary Executive's compensation shall consist of an annual base salary (the "Annual Salary") of one hundred fifty thousand dollars ($150,000), before all customary payroll deductions. The Annual Salary shall be reviewed, and shall be subject to change, by the Board of Directors of Employer (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.
Salary and Bonus ii. Awards of stock, stock options, and stock appreciation rights. Use the dollar amount recognized for financial statement reporting purposes with respect to the fiscal year in accordance with the Statement of Financial Accounting Standards No. 123 (Revised 2004) (FAS 123R), Shared Based Payments.
Accrued Salary and Vacation On the Separation Date, the Company will pay you all accrued salary and all accrued and unused vacation earned through the Separation Date, subject to standard payroll deductions and withholdings. You will receive these payments regardless of whether or not you sign this Agreement.
