Common use of Base Salary Adjustment Clause in Contracts

Base Salary Adjustment. The Employee’s base salary for periods after May 2, 2005 shall be at the rate as set by the Board of the Company, at the recommendation of the CEO and the Compensation Committee, payable on the Company’s normal payroll dates. Salary adjustments will include, at a minimum, any cost of living increase to the extent provided generally to all members of the Management Committee. Base salary will not be adjusted downward unless the Employee consents in advance in writing to such adjustment.

Base Salary Adjustment. The Employee’s base salary for periods after May 2July 11, 2005 shall be at the rate as set by the Board of the Company, at the recommendation of the CEO and the Compensation Committee, payable on the Company’s normal payroll dates. Salary adjustments will include, at a minimum, any cost of living increase to the extent provided generally to all members of the Management Committee. Base salary will not be adjusted downward unless the Employee consents in advance in writing to such adjustment.

Base Salary Adjustment. The Employee’s base salary for periods after May 2March 31, 2005 shall be at the rate as set by the Board of the Company, at the recommendation of the CEO and the Compensation Committee, payable on the Company’s normal payroll dates. Salary adjustments will include, at a minimum, any cost of living increase to the extent provided generally to all members of the Management Committee. Base salary will not be adjusted downward unless the Employee consents in advance in writing to such adjustment.