Common use of BASE COMPENSATION AND TARGET BONUS Clause in Contracts

BASE COMPENSATION AND TARGET BONUS. During the term of her employment under this Agreement, the Company agrees to pay the Employee as compensation for her services a base salary at an annual rate of Three Hundred Seventy-Five Thousand Dollars ($375,000), 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, as increased by the Company from time to time, is referred to in this Agreement as "Base Compensation.") In addition, during the term of 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 fifty percent (50%) of Base Compensation. (The annual target bonus percentage specified in this Section 3, as increased by the Company from time to time, 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 her his employment under this Agreement, the Company agrees to pay the Employee as compensation for her his services a base salary at an annual rate of Three Four Hundred Seventy-Five Thousand Dollars ($375,000400,000), 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 ’s standard payroll procedures. (The annual rate of compensation specified in this Section 3, as increased by the Company from time to time, is referred to in this Agreement as "“Base Compensation."”) In addition, during the term of her 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 fifty seventy-five percent (5075%) of Base CompensationCompensation beginning with the 2005 fiscal year and for each subsequent fiscal year. (The annual target bonus percentage specified in this Section 3, as increased by the Company from time to time, 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 her his employment under this Agreement, the Company agrees to pay the Employee as compensation for her his services a base salary at an annual rate of Three Hundred Seventy-Five Fifty Thousand Dollars ($375,000350,000), 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, as increased by the Company from time to time, is referred to in this Agreement as "Base Compensation.") In addition, during the term of her 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 fifty percent (50%) of Base Compensation. (The annual target bonus percentage specified in this Section 3, as increased by the Company from time to time, 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 her his employment under this Agreement, the Company agrees to pay the Employee as compensation for her his services a base salary at an annual rate of Three Hundred Seventy-Five Fifty Thousand Dollars ($375,000350,000), 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, as increased by the Company from time to time, is referred to in this Agreement as "Base Compensation.") In addition, during the term of her 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 fifty percent (50%) of Base Compensation. (The annual target bonus percentage specified in this Section 3, as increased by the Company from time to time, is referred to in this Agreement as "Annual Target Bonus.") For Payment of a bonus for fiscal year 2003, a bonus of Fifty Thousand Dollars ($50,000) 2003 shall be payable as soon as practicable after November 1, 2003 but not later than December 31, 2003in the sole discretion of the Company.