Common use of BASE COMPENSATION AND TARGET BONUS Clause in Contracts

BASE COMPENSATION AND TARGET BONUS. During the term of the Employee’s employment under this Agreement, the Company agrees to pay the Employee as compensation for his services a base salary at an annual rate of Seven Hundred Thousand Dollars ($700,000), or at such higher rate as the Board may determine from time to time in its sole discretion. Such salary shall be payable in accordance with the Company’s standard payroll procedures. (The annual rate of compensation specified in this Section 3, as increased by the Company from time to time in its sole discretion, is referred to in this Agreement as “Base Compensation.”) In addition, during the term of his employment under this Agreement, the Company agrees that the Employee shall participate in the Company’s annual bonus plan with a target bonus percentage of at least one hundred percent (100%) of Base Compensation beginning with the 2008 fiscal year and for each subsequent fiscal year. (The annual target bonus percentage specified in this Section 3, as increased by the Board from time to time in its sole discretion, is referred to in this Agreement as “Annual Target Bonus.”)

BASE COMPENSATION AND TARGET BONUS. During the term of the Employee’s her employment under this Agreement, the Company agrees to pay the Employee as compensation for his her services a base salary at an annual rate of Seven Three Hundred Forty Thousand Dollars ($700,000340,000), or at such higher rate as the Board Company may determine from time to time in its sole discretion. Such salary shall be payable in accordance with the Company’s standard payroll procedures. (The annual rate of compensation specified in this Section 3, as increased by the Company from time to time in its sole discretion, is referred to in this Agreement as “Base Compensation.”) In addition, during the term of his her employment under this Agreement, the Company agrees that the Employee shall participate in the Company’s annual bonus plan with a target bonus percentage of at least one hundred forty-five percent (10045%) of Base Compensation beginning with the 2008 fiscal year and for each subsequent fiscal yearCompensation. (The annual target bonus percentage specified in this Section 3, as increased by the Board Company from time to time in its sole discretion, is referred to in this Agreement as “Annual Target Bonus.”)

BASE COMPENSATION AND TARGET BONUS. During the term of the Employee’s his employment under this Agreement, the Company agrees to pay the Employee as compensation for his services a base salary at an annual rate of Seven Three Hundred Fifty Thousand Dollars ($700,000350,000), or at such higher rate as the Board Company may determine from time to time in its sole discretiontime. Such salary shall be payable in accordance with the Company’s 's standard payroll procedures. (The annual rate of compensation specified in this Section 3, as increased by the Company from time to time in its sole discretiontime, is referred to in this Agreement as “"Base Compensation.”") In addition, during the term of his employment under this Agreement, the Company agrees that the Employee shall participate in the Company’s 's annual bonus plan with a target bonus percentage of at least one hundred fifty percent (10050%) of Base Compensation beginning with the 2008 fiscal year and for each subsequent fiscal yearCompensation. (The annual target bonus percentage specified in this Section 3, as increased by the Board Company from time to time in its sole discretiontime, is referred to in this Agreement as “"Annual Target Bonus.”")

BASE COMPENSATION AND TARGET BONUS. During the term of the Employee’s his employment under this Agreement, the Company agrees to pay the Employee as compensation for his services a base salary at an annual rate of Seven Four Hundred Fifty Five Thousand Dollars ($700,000455,000), or at such higher rate as the Board Company may determine from time to time in its sole discretiontime. Such salary shall be payable in accordance with the Company’s standard payroll procedures. (The annual rate of compensation specified in this Section 3, as increased by the Company from time to time in its sole discretiontime, is referred to in this Agreement as “Base Compensation.”) In addition, during the term of his employment under this Agreement, the Company agrees that the Employee shall participate in the Company’s annual bonus plan with a target bonus percentage of at least one hundred One Hundred percent (100%) of Base Compensation beginning with the 2008 fiscal year and for each subsequent fiscal yearCompensation. (The annual target bonus percentage specified in this Section 3, as increased by the Board Company from time to time time, in its sole discretion, is referred to in this Agreement as “Annual Target Bonus.”)

BASE COMPENSATION AND TARGET BONUS. During the term of the Employee’s her employment under this Agreement, the Company agrees to pay the Employee as compensation for his her services a base salary at an annual rate of Seven Three Hundred Seventy-Five Thousand Dollars ($700,000375,000), or at such higher rate as the Board Company may determine from time to time in its sole discretiontime. Such salary shall be payable in accordance with the Company’s 's standard payroll procedures. (The annual rate of compensation specified in this Section 3, as increased by the Company from time to time in its sole discretiontime, is referred to in this Agreement as “"Base Compensation.”") In addition, during the term of his her employment under this Agreement, the Company agrees that the Employee shall participate in the Company’s 's annual bonus plan with a target bonus percentage of at least one hundred fifty percent (10050%) of Base Compensation beginning with the 2008 fiscal year and for each subsequent fiscal yearCompensation. (The annual target bonus percentage specified in this Section 3, as increased by the Board Company from time to time in its sole discretiontime, is referred to in this Agreement as “"Annual Target Bonus.”)") For fiscal year 2003, a bonus of Fifty Thousand Dollars ($50,000) shall be payable as soon as practicable after November 1, 2003 but not later than December 31, 2003.

BASE COMPENSATION AND TARGET BONUS. During the term of the Employee’s his employment under this Agreement, the Company agrees to pay the Employee as compensation for his services a base salary at an annual rate of Seven Three Hundred Fifty Thousand Dollars ($700,000350,000), or at such higher rate as the Board Company may determine from time to time in its sole discretiontime. Such salary shall be payable in accordance with the Company’s 's standard payroll procedures. (The annual rate of compensation specified in this Section 3, as increased by the Company from time to time in its sole discretiontime, is referred to in this Agreement as “"Base Compensation.”") In addition, during the term of his employment under this Agreement, the Company agrees that the Employee shall participate in the Company’s 's annual bonus plan with a target bonus percentage of at least one hundred fifty percent (10050%) of Base Compensation beginning with the 2008 fiscal year and for each subsequent fiscal yearCompensation. (The annual target bonus percentage specified in this Section 3, as increased by the Board Company from time to time in its sole discretiontime, is referred to in this Agreement as “"Annual Target Bonus.”)") Payment of a bonus for fiscal year 2003 shall be in the sole discretion of the Company.

BASE COMPENSATION AND TARGET BONUS. During the term of the Employee’s employment under this Agreement, the Company agrees to pay the Employee as compensation for his her services a base salary at an annual rate of Seven Hundred Thousand Dollars two hundred and ninety thousand dollars ($700,000290,000), or at such higher rate as the Board Company may determine from time to time in its sole discretiontime. Such salary shall be payable in accordance with the Company’s standard payroll procedures. (The annual rate of compensation specified in this Section 3, as increased by the Company from time to time in its sole discretion, is referred to in this Agreement as “Base Compensation.”) In addition, during the term of his the Employee’s employment under this Agreement, the Company agrees that the Employee shall participate in the Company’s annual bonus plan with a target bonus percentage of at least one hundred percent forty (10040%) of Base Compensation beginning with or at such higher rate as the 2008 fiscal year and for each subsequent fiscal yearCompany may determine from time to time. (The annual target bonus percentage specified in this Section 3, as increased by the Board Company from time to time in its sole discretion, is referred to in this Agreement as “Annual Target Bonus.”)

BASE COMPENSATION AND TARGET BONUS. During the term of the Employee’s his employment under this Agreement, the Company agrees to pay the Employee as compensation for his services a base salary at an annual rate of Seven Four Hundred Fifty Thousand Dollars ($700,000450,000), or at such higher rate as the Board Company may determine from time to time in its sole discretion. Such salary shall be payable in accordance with the Company’s standard payroll procedures. (The annual rate of compensation specified in this Section 3, as increased by the Company from time to time in its sole discretion, is referred to in this Agreement as “Base Compensation.”) In addition, during the term of his employment under this Agreement, the Company agrees that the Employee shall participate in the Company’s annual bonus plan with a target bonus percentage of at least one hundred percent (100%) of Base Compensation beginning with the 2008 fiscal year and for each subsequent fiscal yearCompensation. (The annual target bonus percentage specified in this Section 3, as increased by the Board Company from time to time in its sole discretion, is referred to in this Agreement as “Annual Target Bonus.”)

BASE COMPENSATION AND TARGET BONUS. During the term of the Employee’s his employment under this Agreement, the Company agrees to pay the Employee as compensation for his services a base salary at an annual rate of Seven Five Hundred Fifteen Thousand Dollars ($700,000515,000), or at such higher rate as the Board Company may determine from time to time in its sole discretiontime. Such salary shall be payable in accordance with the Company’s standard payroll procedures. (The annual rate of compensation specified in this Section 3, as increased by the Company from time to time in its sole discretiontime, is referred to in this Agreement as “Base Compensation.”) In addition, during the term of his employment under this Agreement, the Company agrees that the Employee shall participate in the Company’s annual bonus plan with a target bonus percentage of at least one hundred seventy-five percent (10075%) of Base Compensation beginning with the 2008 fiscal year and for each subsequent fiscal yearCompensation. (The annual target bonus percentage specified in this Section 3, as increased by the Board Company from time to time time, in its sole discretion, is referred to in this Agreement as “Annual Target Bonus.”)

BASE COMPENSATION AND TARGET BONUS. During the term of the Employee’s his employment under this Agreement, the Company agrees to pay the Employee as compensation for his services a base salary at an annual rate of Seven Four Hundred Thousand Dollars ($700,000400,000), or at such higher rate as the Board Company may determine from time to time in its sole discretiontime. Such salary shall be payable in accordance with the Company’s standard payroll procedures. (The annual rate of compensation specified in this Section 3, as increased by the Company from time to time in its sole discretiontime, is referred to in this Agreement as “Base Compensation.”) In addition, during the term of his employment under this Agreement, the Company agrees that the Employee shall participate in the Company’s annual bonus plan with a target bonus percentage of at least one hundred seventy-five percent (10075%) of Base Compensation beginning with the 2008 2005 fiscal year and for each subsequent fiscal year. (The annual target bonus percentage specified in this Section 3, as increased by the Board Company from time to time in its sole discretiontime, is referred to in this Agreement as “Annual Target Bonus.”)