BASE COMPENSATION AND TARGET BONUS. During the term of 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 Four Hundred Thousand Dollars ($400,000), or at such higher rate as the Company may determine from time to time. Such salary shall be payable in accordance with the Company's standard payroll procedures. (The annual compensation specified in this Section 3, together with any increases in such compensation that the Company may grant from time to time, 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 sixty percent (60%) of Base Compensation.
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BASE COMPENSATION AND TARGET BONUS. During the term of 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 Four Hundred Thousand Dollars five hundred thousand dollars ($400,000500,000), or at such higher rate as the Company may determine from time to time. Such salary shall be payable in accordance with the Company's standard payroll procedures. (The annual base salary compensation specified in this Section 32, together with any increases in such compensation that the Company may grant from time to time, 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 sixty eighty percent (6080%) of Base Compensation.
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BASE COMPENSATION AND TARGET BONUS. During the term of 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 Four Three Hundred Thousand Dollars ($400,000300,000), or at such higher rate as the Company may determine from time to time. Such salary shall be payable in accordance with the Company's standard payroll procedures. (The annual compensation specified in this Section 3, together with any increases in such compensation that the Company may grant from time to time, 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 sixty forty percent (6040%) of Base Compensation.
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BASE COMPENSATION AND TARGET BONUS. During the term of 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 Four Two Hundred Forty Thousand Dollars ($400,000240,000), or at such higher rate as the Company may determine from time to time. Such salary shall be payable in accordance with the Company's standard payroll procedures. (The annual compensation specified in this Section 3, together with any increases in such compensation that the Company may grant from time to time, 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 sixty forty percent (6040%) of Base Compensation.
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BASE COMPENSATION AND TARGET BONUS. During the term of 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 Four Hundred Twenty-Five Thousand Dollars ($400,000425,000), or at such higher rate as the Company may determine from time to time. Such salary shall be payable in accordance with the Company's standard payroll procedures. (The annual rate of compensation specified in this Section 3, together with any increases in such compensation that as increased by the Company may grant from time to time, 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 for fiscal years beginning November 1, 2002 and later of at least sixty sixty-five percent (6065%) of Base Compensation.of
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BASE COMPENSATION AND TARGET BONUS. During the term of 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 Four Hundred Forty Thousand Dollars ($400,000440,000), or at such higher rate as the Company may determine from time to time. Such salary shall be payable in accordance with the Company's standard payroll procedures. (The annual compensation specified in this Section 3, together with any increases in such compensation that the Company may grant from time to time, 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 sixty percent (60%) of Base Compensation.
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