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 it is appropriate to increase Executive’s Base Salary for the Company’s 2020 fiscal year to $560,000. As provided in the Employment Agreement, the Executive’s Target Bonus is set at a minimum amount of $600,000 – 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 2020 fiscal year will be $610,909 and actual Bonus will be an amount ranging from 0% - 200% of the Target Bonus. Thus, the maximum Bonus payable to the Executive for the 2020 fiscal year will be $1,221,818 (i.e., 200% of the Target Bonus)

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 it is appropriate to increase Executive’s Base Salary for the Company’s 2020 2022 fiscal year to $560,000430,000. As provided in the Employment Agreement, the Executive’s Target Bonus is set at a minimum amount of $600,000 300,000 – 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 2020 2022 fiscal year will be is being adjusted to $610,909 322,500 and actual Bonus will be an amount ranging from 0% - 200% of the Target Bonus. Thus, the maximum Bonus payable to the Executive for the 2020 2022 fiscal year will be $1,221,818 645,000 (i.e., 200% of the Target Bonus)

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 it is appropriate to increase Executive’s Base Salary for the Company’s 2020 fiscal year to $560,000350,000. As provided in the Employment Agreement, the Executive’s Target Bonus is set at a minimum amount of $600,000 200,000 – 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 2020 fiscal year will be is being adjusted to $610,909 218,750 and actual Bonus will be an amount ranging from 0% - 200% of the Target Bonus. Thus, the maximum Bonus payable to the Executive for the 2020 fiscal year will be $1,221,818 437,500 (i.e., 200% of the Target Bonus)

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 it is appropriate to increase Executive’s Base Salary for the Company’s 2020 fiscal year to $560,000700,000. As provided in the Employment Agreement, the Executive’s Target Bonus is set at a minimum amount of $600,000 1,100,000 – 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 2020 fiscal year will be is being adjusted to $610,909 1,400,000 and actual Bonus will be an amount ranging from 0% - 200% of the Target Bonus. Thus, the maximum Bonus payable to the Executive for the 2020 fiscal year will be $1,221,818 2,800,000 (i.e., 200% of the Target Bonus)