Common use of Base Salary Adjustment Clause in Contracts

Base Salary Adjustment. As provided in the Employment Agreement, the Executive’s Base Salary is subject to annual review and may, in the Committee’s discretion, be increased without the Executive’s consent. With respect to the Executive, the Committee has reviewed Executive’s Base Salary and concluded that no adjustments should be made at this time. Accordingly, Executive’s Base Salary for the Company’s 2023 fiscal year will remain unchanged at $725,000. Annual Bonus Adjustment As provided in the Employment Agreement, the Executive’s Target Bonus is set at a minimum amount of $843,750 – or such greater amount as may be provided in a written notice to the Executive from the Committee. Accordingly, this is to provide notice to the Executive that Executive’s Target Bonus for the Company’s 2023 fiscal year is being adjusted to $1,268,750 (i.e., 175% of Base Salary – an increase from 125% of Base Salary for the Target Bonus established in 2022) and actual Bonus will be adjusted to an amount ranging from 0% - 250% of the Target Bonus. Thus, the maximum Bonus payable to the Executive for the 2023 fiscal year will be $3,171,875. Performance Share Award As provided in the Employment Agreement, the Executive’s annual Performance Share Award (“PSA”) is a target number of shares with a fair market value on the date of grant worth a minimum of $675,000 or such greater amount as may be provided to Executive in a written notice from the Committee. The PSA that is payable for the Performance Period, if any, shall be an amount ranging from 0% to 150% of the target number of shares, contingent on the achievement of one or more performance goals established by the Committee. Accordingly, this is to provide notice to the Executive that Executive’s PSA target for the Performance Period beginning January 1, 2023, and ending December 31, 2023 will be based on a grant value of $725,000; the PSA payable with respect to such grant shall be in the 0% to 200% range of the target.

Base Salary Adjustment. As provided in the Employment Agreement, the Executive’s Base Salary is subject to annual review and may, in the Committee’s discretion, be increased without the Executive’s consent. With respect to the Executive, the Committee has reviewed Executive’s Base Salary and concluded that no adjustments should be made at this time. Accordingly, Executive’s Base Salary for the Company’s 2023 fiscal year will remain unchanged at $725,000515,000. Annual Bonus Adjustment As provided in the Employment Agreement, the Executive’s Target Bonus is set at a minimum amount of $843,750 515,000 – or such greater amount as may be provided in a written notice to the Executive from the Committee. Accordingly, this is to provide notice to the Executive that Executive’s Target Bonus for the Company’s 2023 fiscal year is being adjusted to will remain at $1,268,750 515,000 (i.e., 175100% of Base Salary – an increase from 125% of Base Salary for the Target Bonus established in 2022Salary) and actual Bonus will be adjusted to an amount ranging from 0% - 250% of the Target Bonus. Thus, the maximum Bonus payable to the Executive for the 2023 fiscal year will be $3,171,8751,287,500. Performance Share Award As provided in the Employment Agreement, the Executive’s annual Performance Share Award (“PSA”) is a target number of shares with a fair market value on the date of grant worth a minimum of $675,000 386,250 or such greater amount as may be provided to Executive in a written notice from the Committee. The PSA that is payable for the Performance Period, if any, shall be an amount ranging from 0% to 150% of the target number of shares, contingent on the achievement of one or more performance goals established by the Committee. Accordingly, this is to provide notice to the Executive that Executive’s PSA target for the Performance Period beginning January 1, 2023, 2023 and ending December 31, 2023 will be based on a grant value of $725,000412,000; the PSA payable with respect to such grant shall be in the 0% to 200% range of the target.

Base Salary Adjustment. As provided in the Employment Agreement, the Executive’s Base Salary is subject to annual review and may, in the Committee’s discretion, be increased without the Executive’s consent. With respect to the Executive, the Committee has reviewed Executive’s Base Salary and concluded that no adjustments should be made at this time. Accordingly, Executive’s Base Salary for the Company’s 2023 fiscal year will remain unchanged at $725,000900,000. Annual Bonus Adjustment As provided in the Employment Agreement, the Executive’s Target Bonus is set at a minimum amount of $843,750 2,125,000 – or such greater amount as may be provided in a written notice to the Executive from the Committee. Accordingly, this is to provide notice to the Executive that Executive’s Target Bonus for the Company’s 2023 fiscal year is being adjusted to will remain at $1,268,750 2,250,000 (i.e., 175i.e. 250% of Base Salary – an increase from 125% of Base Salary for the Target Bonus established in 2022Salary) and actual Bonus will be adjusted to an amount ranging from 0% - 250% of the Target Bonus. Thus, the maximum Bonus payable to the Executive for the 2023 fiscal year will be $3,171,8755,625,000. Performance Share Award As provided in the Employment Agreement, the Executive’s annual Performance Share Award (“PSA”) is a target number of shares with a fair market value on the date of grant worth a minimum of $675,000 1,487,500 or such greater amount as may be provided to Executive in a written notice from the Committee. The PSA that is payable for the Performance Period, if any, shall be an amount ranging from 0% to 150% of the target number of shares, contingent on the achievement of one or more performance goals established by the Committee. Accordingly, this is to provide notice to the Executive that Executive’s PSA target for the Performance Period beginning January 1, 2023, 2023 and ending December 31, 2023 will be based on a grant value of $725,0002,025,000; the PSA payable with respect to such grant shall be in the 0% to 200% range of the target.

Base Salary Adjustment. As provided in the Employment Agreement, the Executive’s Base Salary is subject to annual review and may, in the Committee’s discretion, be increased without the Executive’s consent. With respect to the Executive, the Committee has reviewed Executive’s Base Salary and concluded that no adjustments should be made at this time. Accordingly, Executive’s Base Salary for the Company’s 2023 fiscal year will remain unchanged at $725,000430,000. Annual Bonus Adjustment As provided in the Employment Agreement, the Executive’s Target Bonus is set at a minimum amount of $843,750 300,000 – or such greater amount as may be provided in a written notice to the Executive from the Committee. Accordingly, this is to provide notice to the Executive that Executive’s Target Bonus for the Company’s 2023 fiscal year is being adjusted to will remain at $1,268,750 322,500 (i.e., 175i.e. 75% of Base Salary – an increase from 125% of Base Salary for the Target Bonus established in 2022Salary) and actual Bonus will be adjusted to an amount ranging from 0% - 250% of the Target Bonus. Thus, the maximum Bonus payable to the Executive for the 2023 fiscal year will be $3,171,875806,250. Performance Share Award As provided in the Employment Agreement, the Executive’s annual Performance Share Award (“PSA”) is a target number of shares with a fair market value on the date of grant worth a minimum of $675,000 250,000 or such greater amount as may be provided to Executive in a written notice from the Committee. The PSA that is payable for the Performance Period, if any, shall be an amount ranging from 0% to 150% of the target number of shares, contingent on the achievement of one or more performance goals established by the Committee. Accordingly, this is to provide notice to the Executive that Executive’s PSA target for the Performance Period beginning January 1, 2023, 2023 and ending December 31, 2023 will be based on a grant value of $725,000322,500; the PSA payable with respect to such grant shall be in the 0% to 200% range of the target.