Common use of Base Compensation and Benefits Clause in Contracts

Base Compensation and Benefits. (a) The annual base compensation rate to be paid to Employee for the services to be rendered hereunder shall be Three Hundred Fifty Thousand Dollars ($350,000.00), payable in accordance with the Company's normal payroll practices, subject to applicable federal and state income and social security tax withholding requirements (the "Base Rate"). (b) Employee's Base Rate may be reviewed from time to time by the Board and adjusted upward as Employee's performance, the performance of the Company and other pertinent factors warrant at any time during the term of this Agreement. (c) Employee shall have the right to fully participate in any Management Bonus Program to the same extent or greater than as previously provided to Employee prior to the execution of this Agreement. Any bonus payable to Employee under such Management Bonus Program shall be paid in a manner consistent with the Company's past practice with respect to payment of bonuses. Notwithstanding the foregoing, any bonus opportunity provided to Employee under a current or future Management Bonus Program shall at least equal an opportunity to earn up to sixty percent (60%) of the Base Rate for the year to which such bonus relates. Any operating or financial objectives on an annual basis related to the payment of the annual bonus award to the Employee will be consistent with and equal to the same operating or financial objectives for any of the Company's other senior executives. (d) Employee shall be entitled to receive such benefits as were afforded to Employee prior to the execution of this Agreement including but not limited to the following: (i) Employee shall be entitled to twenty-one (21) days of paid vacation during each year of employment plus all Company sponsored holidays; (ii) Employee shall be entitled to sick leave in accordance with the plans and policies established by the Company for all employees; (iii) Employee shall be entitled to such medical insurance, life insurance and disability and salary continuation benefit programs, if any, as are provided by the Company to its employees from time to time; and (iv) Employee shall be entitled to participation in the Company's 401K Plan, pension plan and/or profit sharing plans. (e) The Company shall reimburse Employee for those expenses that are incurred by him in connection with the performance of his duties under this Agreement, are consistent with Company policies and practices, and are reasonably related to the business of the Company.

Base Compensation and Benefits. (a) The annual base compensation rate to be paid to Employee for the services to be rendered hereunder shall be Three Two Hundred Fifty Twenty Thousand Dollars ($350,000.00220,000.00), payable in accordance with the Company's normal payroll practices, subject to applicable federal and state income and social security tax withholding requirements (the "Base Rate"). (b) Employee's Base Rate may be reviewed from time to time by the Board and adjusted upward as Employee's performance, the performance of the Company and other pertinent factors warrant at any time during the term of this Agreement. (c) Employee shall have the right to fully participate in any Management Bonus Program to the same extent or greater than as previously provided to Employee prior to the execution of this Agreement. Any bonus payable to Employee under such Management Bonus Program shall be paid in a manner consistent with the Company's past practice with respect to payment of bonuses. Notwithstanding the foregoing, any bonus opportunity provided to Employee under a current or future Management Bonus Program shall at least equal an opportunity to earn up to sixty fifty percent (6050%) of the Base Rate for the year to which such bonus relates. Any operating or financial objectives on an annual basis related to the payment of the annual bonus award to the Employee will be consistent with and equal to the same operating or financial objectives for any of the Company's other senior executives. (d) Employee shall be entitled to receive such benefits as were afforded to Employee prior to the execution of this Agreement including but not limited to the following: (i) Employee shall be entitled to twenty-one (21) days (or such greater number as is consistent with Company policy in effect at such time) of paid vacation during each year of employment plus all Company sponsored holidays; (ii) Employee shall be entitled to sick leave in accordance with the plans and policies established by the Company for all employees; (iii) Employee shall be entitled to such medical insurance, life insurance and disability and salary continuation benefit programs, if any, as are provided by the Company to its employees from time to time; and (iv) Employee shall be entitled to participation in the Company's 401K Plan, pension plan and/or profit sharing plans. (e) The Company shall reimburse Employee for those expenses that are incurred by him in connection with the performance of his duties under this Agreement, are consistent with Company policies and practices, and are reasonably related to the business of the Company.

Base Compensation and Benefits. (a) The initial annual base compensation rate to be paid to Employee for the services to be rendered hereunder beginning with the commencement date of this Agreement through the first anniversary on June 9, 1998, shall be Three Two Hundred Fifty Four Thousand One Hundred Dollars ($350,000.00254,100.00), payable in accordance with the Company's normal payroll practices, subject to applicable federal and state income and social security tax withholding requirements requirements. (b) Beginning on the first anniversary of this Agreement, June 9, 1998, and continuing throughout the remaining Term of Employment, the annual base compensation rate shall be Three Hundred Four Thousand ($304,000), payable in accordance with the Company's normal payroll practices, subject to applicable federal and state income and social security tax withholding requirements. (the "Base Rate"). (bc) Employee's Base Rate may be reviewed from time to time by the Board and adjusted upward as Employee's performance, the performance of the Company and other pertinent factors warrant at any time during the term of this Agreement. (cd) Employee shall have the right to fully participate in any Management Bonus Program to the same extent or greater than as previously provided to Employee prior to the execution of this Agreement. Any bonus payable to Employee under such Management Bonus Program shall be paid in a manner consistent with the Company's past practice with respect to payment of bonuses. Notwithstanding the foregoing, any bonus opportunity provided to Employee under a current or future Management Bonus Program shall at least equal an opportunity to earn up to sixty percent (60%) of the Base Rate for the year to which such bonus relates. Any operating or financial objectives on an annual basis related to the payment of the annual bonus award to the Employee will be consistent with and equal to the same operating or financial objectives for any of the Company's other senior executives. (de) Employee shall be entitled to receive such benefits as were afforded to Employee prior to the execution of this Agreement including but not limited to the following: (i) Employee shall be entitled to twenty-one (21) days of paid vacation during each year of employment plus all Company sponsored holidays; (ii) Employee shall be entitled to sick leave in accordance with the plans and policies established by the Company for all employees; (iii) Employee shall be entitled to such medical insurance, life insurance and disability and salary continuation benefit programs, if any, as are provided by the Company to its employees from time to time; and (iv) Employee shall be entitled to participation in the Company's 401K Plan, pension plan and/or profit sharing plans. (ef) The Company shall reimburse Employee for those expenses that are incurred by him in connection with the performance of his duties under this Agreement, are consistent with Company policies and practices, and are reasonably related to the business of the Company.

Base Compensation and Benefits. (a) The annual base compensation rate to be paid to Employee for the services to be rendered hereunder shall be Three One Hundred Fifty Five Thousand Two Hundred Fifty Dollars ($350,000.00155,250.00), payable in accordance with the Company's normal payroll practices, subject to applicable federal and state income and social security tax withholding requirements (the "Base Rate"). (b) Employee's Base Rate may be reviewed from time to time by the Board and adjusted upward as Employee's performance, the performance of the Company and other pertinent factors warrant at any time during the term of this Agreement. (c) Employee shall have the right to fully participate in any Management Bonus Program to the same extent or greater than as previously provided to Employee prior to the execution of this Agreement. Any bonus payable to Employee under such Management Bonus Program shall be paid in a manner consistent with the Company's past practice with respect to payment of bonuses. Notwithstanding the foregoing, any bonus opportunity provided to Employee under a current or future Management Bonus Program shall at least equal an opportunity to earn up to sixty forty percent (6040%) of the Base Rate for the year to which such bonus relates. Any operating or financial objectives on an annual basis related to the payment of the annual bonus award to the Employee will be consistent with and equal to the same operating or financial objectives for any of the Company's other senior executives. (d) Employee shall be entitled to receive such benefits as were afforded to Employee prior to the execution of this Agreement including but not limited to the following: (i) Employee shall be entitled to twenty-one (21) days of paid vacation during each year of employment plus all Company sponsored holidays; (ii) Employee shall be entitled to sick leave in accordance with the plans and policies established by the Company for all employees; (iii) Employee shall be entitled to such medical insurance, life insurance and disability and salary continuation benefit programs, if any, as are provided by the Company to its employees from time to time; and (iv) Employee shall be entitled to participation in the Company's 401K Plan, pension plan and/or profit sharing plans. (e) The Company shall reimburse Employee for those expenses that are incurred by him in connection with the performance of his duties under this Agreement, are consistent with Company policies and practices, and are reasonably related to the business of the Company.