Common use of Base Fees Clause in Contracts

Base Fees. The Company shall pay Employee Base Fees (the “Base Fees”) equal to $375,000 per year, commencing on July 1, 2015. Payment of $12,500 shall be made bi-monthly, in accordance with the Company’s payroll plan, with the remaining $3,125 bi-monthly amount to accrue unpaid. The Company shall pay Employee the amounts accrued and unpaid hereunder at such time as management believes there is adequate cash for such payment.

Base Fees. The Company shall pay Employee Base Fees (the “Base Fees”) equal to $375,000 225,000 per year, commencing on July 1, 2015. Payment of $12,500 7,500 shall be made bi-monthly, in accordance with the Company’s payroll plan, with the remaining $3,125 1,875 bi-monthly amount to accrue unpaid. The Company shall pay Employee the amounts accrued and unpaid hereunder at such time as management believes there is adequate cash for such payment.

Base Fees. The Company shall pay Employee Base Fees (the “Base Fees”) equal to $375,000 225,000 per year, commencing on July 115, 20152020. Payment of $12,500 7,500 shall be made bisemi-monthly, in accordance with the Company’s payroll plan, with the remaining $3,125 bi1,875 semi-monthly amount to accrue unpaid. The Company shall pay Employee the amounts accrued and unpaid hereunder at such time as management the Board of Directors believes there is adequate cash for such payment, or at a time mandated in Section 9 of this agreement.

Base Fees. The Company shall pay Employee Base Fees (the “Base Fees”) equal to $375,000 per year, commencing on July 115, 20152020. Payment of $12,500 10,000 shall be made bisemi-monthly, in accordance with the Company’s payroll plan, with the remaining $3,125 bi5,625 semi-monthly amount to accrue unpaid. The Company shall pay Employee the amounts accrued and unpaid hereunder at such time as management the Board of Directors believes there is adequate cash for such payment, or at a time mandated in Section 9 of this agreement.