Common use of Base Salary; Adjustment of Base Salary Clause in Contracts

Base Salary; Adjustment of Base Salary. In consideration for her service under the terms of this Agreement, the Company shall pay to the Executive an annual base salary (“Base Salary”), which amount shall be paid in installments in accordance with the normal payroll payment practices of the Company and shall be subject to such deductions and withholding as are required by law. The Base Salary for the first twelve (12) months shall be set at a rate of Six Hundred Sixty-Nine Thousand Five Hundred Dollars ($669,500) per year. On or about 12 months following Executive’s active employment under this Agreement (the “Anniversary Date”) and on or about each Anniversary Date thereafter during the Term of this Agreement, Executive’s Base Salary rate may be reviewed by the Chairman or Board, and Executive’s Base Salary may be adjusted upward at any time at the discretion of the Chairman or Board or downward under Section 3(d)(iv).

Base Salary; Adjustment of Base Salary. In consideration for her his service under the terms of this Agreement, the Company shall pay to the Executive an annual base salary (“Base Salary”), which amount shall be paid in installments in accordance with the normal payroll payment practices of the Company and shall be subject to such deductions and withholding as are required by law. The Base Salary for the first twelve (12) months shall be set at a rate of Six Four Hundred SixtyEighty-Nine Four Thousand Five One Hundred Dollars ($669,500484,100) per year. On or about 12 months following Executive’s active employment under this Agreement (the “Anniversary Date”) and on or about each Anniversary Date thereafter during the Term of this Agreement, Executive’s Base Salary rate may be reviewed by the Chairman CEO, Chairman, or Board, and Executive’s Base Salary may be adjusted upward at any time at the discretion of the Chairman CEO, Chairman, or Board or downward under Section 3(d)(iv).

Base Salary; Adjustment of Base Salary. In consideration for her his service under the terms of this Agreement, the Company shall pay to the Executive an annual base salary (“Base Salary”), which amount shall be paid in installments in accordance with the normal payroll payment practices of the Company and shall be subject to such deductions and withholding as are required by law. The Base Salary for the first twelve (12) months shall be set at a rate of Six Four Hundred Sixty-Nine Seventy Three Thousand Five Eight Hundred Dollars ($669,500473,800) per year. On or about 12 months following Executive’s active employment under this Agreement (the “Anniversary Date”) and on or about each Anniversary Date thereafter during the Term of this Agreement, Executive’s Base Salary rate may be reviewed by the Chairman CEO, Chairman, or Board, and Executive’s Base Salary may be adjusted upward at any time at the discretion of the Chairman CEO, Chairman, or Board or downward under Section 3(d)(iv).

Base Salary; Adjustment of Base Salary. In consideration for her his service under the terms of this Agreement, the Company shall pay to the Executive an annual base salary (“Base Salary”), which amount shall be paid in installments in accordance with the normal payroll payment practices of the Company and shall be subject to such deductions and withholding as are required by law. The Base Salary for the first twelve (12) months shall be set at a rate of Six Two Hundred Sixty-Nine Fifty Seven Thousand Five Hundred Dollars ($669,500257,500) per year. On or about 12 months following Executive’s active employment under this Agreement (the “Anniversary Date”) and on or about each Anniversary Date thereafter during the Term of this Agreement, Executive’s Base Salary rate may be reviewed by the Chairman CEO, Chairman, or Board, and Executive’s Base Salary may be adjusted upward at any time at the discretion of the Chairman CEO, Chairman, or Board or downward under Section 3(d)(iv).