Common use of Base Compensation and Annual Bonus Clause in Contracts

Base Compensation and Annual Bonus. During the Employment Term, Garan shall pay to you base compensation in each 12 month period commencing October 1 and ending September 30 ("Fiscal Year") as determined from time to time by the Board - ("Base Compensation"), but for the Fiscal Year ending September 30, 2001, including the period October 1, 2000 to April 30, 2001, and for each Fiscal Year thereafter, such amount shall be not less than $375,000. [References to Base Compensation in this Employment Agreement shall not give effect to any salary reduction agreement.] In addition to payment of Base Compensation, the Board may determine, but is not obligated to, that Garan pay to you an annual bonus for a Fiscal Year ("Annual Bonus"), provided that an Annual Bonus may be payable to you as otherwise provided in this Employment Agreement. 2.2.

Base Compensation and Annual Bonus. During the Employment Term, Garan shall pay to you base compensation ("Base Compensation") in each 12 month period commencing October 1 and ending September 30 ("Fiscal Year") as determined from time to time by the Board - of Directors of Garan ("Base CompensationBoard"), but for the Fiscal Year ending September 30, 2001, including the period October 1, 2000 to April 30, 20011997, and for each Fiscal Year thereafter, such amount shall be not less than $375,000205,000. [References to Base Compensation in this Employment Agreement shall not give effect to any salary reduction agreement.] In addition to payment of Base Compensation, the Board may determine, but is not obligated to, that Garan to pay to you an annual bonus for a Fiscal Year bonus ("Annual Bonus"), provided that an Annual Bonus may be payable to you as otherwise provided in this Employment Agreement. 2.2.

Base Compensation and Annual Bonus. During the Employment Term, Garan shall pay to you base compensation ("Base Compensation") in each 12 month period commencing October 1 and ending September 30 ("Fiscal Year") as determined from time to time by the Board - of Directors of Garan ("Base CompensationBoard"), but for the Fiscal Year ending September 30, 2001, including the period October 1, 2000 to April 30, 20011997, and for each Fiscal Year thereafter, such amount shall be not less than $375,000175,000. [References to Base Compensation in this Employment Agreement shall not give effect to any salary reduction agreement.] In addition to payment of Base Compensation, the Board may determine, but is not obligated to, that Garan to pay to you an annual bonus for a Fiscal Year bonus ("Annual Bonus"), provided that an Annual Bonus may be payable to you as otherwise provided in this Employment Agreement. 2.2.

Base Compensation and Annual Bonus. During the Employment Term, Garan shall pay to you base compensation ("Base Compensation") in each 12 month period commencing October 1 and ending September 30 ("Fiscal Year") as determined from time to time by the Board - of Directors of Garan ("Base CompensationBoard"), but for the Fiscal Year ending September 30, 2001, including the period October 1, 2000 to April 30, 20011997, and for each Fiscal Year thereafter, such amount shall be not less than $375,000530,000. [References to Base Compensation in this Employment and Consulting Agreement shall not give effect to any salary reduction agreement.] In addition to payment of Base Compensation, the Board may determine, but is not obligated to, that Garan to pay to you an annual bonus for a Fiscal Year bonus ("Annual Bonus"), provided that an Annual Bonus may be payable to you as otherwise provided in this Employment Agreement. 2.2.

Base Compensation and Annual Bonus. During the Employment Term, Garan shall pay to you base compensation in each 12 month period commencing October 1 and ending September 30 ("Fiscal Year") as determined from time to time by the Board - ("Base Compensation"), but for the Fiscal Year ending September 30, 2001, including the period October 1, 2000 to April 30, 20011997, and for each Fiscal Year thereafter, such amount shall be not less than $375,000345,000. [References to Base Compensation in this Employment Agreement shall not give effect to any salary reduction agreement.] In addition to payment of Base Compensation, the Board may determine, but is not obligated to, that Garan to pay to you an annual bonus for a Fiscal Year bonus ("Annual Bonus"), provided that an Annual Bonus may be payable to you as otherwise provided in this Employment Agreement. 2.2.