Common use of Base Salary and Bonus Clause in Contracts

Base Salary and Bonus. (a) During the Employment Period, Executive shall earn a base salary at the rate of $275,000 per annum, payable in regular installments in accordance with the Company's payroll policy. Executive's annual base salary, as in effect from time to time, is hereinafter referred to as "Salary". Such Salary shall be subject to review and increase (but not decrease) by the Board not less frequently than annually. In no event shall the amount of Executive's Salary (as may be increased from time to time) be reduced during the Employment Period. (b) During the Employment Period, Executive shall also be eligible to earn an annual bonus ("Bonus") for each fiscal year of the Company, subject to the Company's annual reduction of indebtedness by $50 million, equal to the following amount: (1) if the Company achieves 100% of target EBITDA for such fiscal year as set forth on Exhibit A hereto ("Target EBITDA"), a Bonus in the amount equal to 50% of the annual amount of Salary in effect on the last day of such fiscal year ("Target Bonus"); (2) if the Company achieves 85% of Target EBITDA for such fiscal year, a Bonus in an amount equal to 50% of Target Bonus; (3) if the Company achieves 115% of target EBITDA, a Bonus in an amount equal to 150% of Target Bonus. If the Company achieves between 85% and 100% or between 100% and 115% of Target EBITDA for such fiscal year, Executive's Bonus shall based on a linear sliding scale between the applicable targets. If the Company achieves more than 115% of Target EBITDA in any such fiscal year, Executive's Bonus shall increase dollar for dollar, provided that in no event shall the maximum Bonus payable to Executive exceed 200% of his Target Bonus (and Company performance beyond the point at which 200% of the Target Bonus is reached shall not result in any further increase in the Bonus). The Bonus for each fiscal year shall be paid to Executive by the Company in cash not later than the ninety (90) days after the end of such fiscal year.

Base Salary and Bonus. (a) During the Employment Period, Executive shall earn a base salary at the rate of $275,000 300,000 per annum, payable in regular installments in accordance with the Company's payroll policy. Executive's annual base salary, as in effect from time to time, is hereinafter referred to as "Salary". Such Salary shall be subject to review and increase (but not decrease) by the Board not less frequently than annually. In no event shall the amount of Executive's Salary (as may be increased from time to time) be reduced during the Employment Period. (b) During the Employment Period, Executive shall also be eligible to earn an annual bonus ("Bonus") for each fiscal year of the Company, subject to the Company's annual reduction of indebtedness by $50 million, equal to the following amount: (1) if the Company achieves 100% of target EBITDA for such fiscal year as set forth on Exhibit A hereto ("Target EBITDA"), a Bonus in the amount equal to 50% of the annual amount of Salary in effect on the last day of such fiscal year ("Target Bonus"); (2) if the Company achieves 85% of Target EBITDA for such fiscal year, a Bonus in an amount equal to 50% of Target Bonus; (3) if the Company achieves 115% of target EBITDA, a Bonus in an amount equal to 150% of Target Bonus. If the Company achieves between 85% and 100% or between 100% and 115% of Target EBITDA for such fiscal year, Executive's Bonus shall based on a linear sliding scale between the applicable targets. If the Company achieves more than 115% of Target EBITDA in any such fiscal year, Executive's Bonus shall increase dollar for dollar, provided that in no event shall the maximum Bonus payable to Executive exceed 200% of his Target Bonus (and Company performance beyond the point at which 200% of the Target Bonus is reached shall not result in any further increase in the Bonus). The Bonus for each fiscal year shall be paid to Executive by the Company in cash not later than the ninety (90) days after the end of such fiscal year.

Base Salary and Bonus. (a) During the Employment Period, Executive shall earn a base salary at the rate of $275,000 per annum, payable in regular installments in accordance with the Company's ’s payroll policy. Executive's ’s annual base salary, as in effect from time to time, is hereinafter referred to as "“Salary"”. Such Salary shall be subject to review and increase (but not decrease) by the Board not less frequently than annually. In no event shall the amount of Executive's ’s Salary (as may be increased from time to time) be reduced during the Employment Period. (b) During the Employment Period, Executive shall also be eligible to earn an annual bonus ("“Bonus"”) for each fiscal year of the Company, subject to the Company's ’s annual reduction of indebtedness by $50 million, equal to the following amount: (1) if the Company achieves 100% of target EBITDA for such fiscal year as set forth on Exhibit A hereto ("“Target EBITDA"”), a Bonus in the amount equal to 50% of the annual amount of Salary in effect on the last day of such fiscal year ("“Target Bonus"”); (2) if the Company achieves 85% of Target EBITDA for such fiscal year, a Bonus in an amount equal to 50% of Target Bonus; (3) if the Company achieves 115% of target EBITDA, a Bonus in an amount equal to 150% of Target Bonus. If the Company achieves between 85% and 100% or between 100% and 115% of Target EBITDA for such fiscal year, Executive's ’s Bonus shall based on a linear sliding scale between the applicable targets. If the Company achieves more than 115% of Target EBITDA in any such fiscal year, Executive's ’s Bonus shall increase dollar for dollar, provided that in no event shall the maximum Bonus payable to Executive exceed 200% of his Target Bonus (and Company performance beyond the point at which 200% of the Target Bonus is reached shall not result in any further increase in the Bonus). The Bonus for each fiscal year shall be paid to Executive by the Company in cash not later than the ninety (90) days after the end of such fiscal year.

Base Salary and Bonus. (a) During the Employment Period, Executive shall earn a base salary ("Salary") at the rate of $275,000 900,000 per annum, payable in regular installments in accordance with the Company's payroll policy. Executive's annual base salary, as in effect from time to time, is hereinafter referred to as "Salary". Such Salary shall be subject to review and increase (but not decrease) by the Board not less frequently than annually. In no event shall the amount of Executive's Salary (as may be increased from time to time) be reduced during the Employment Period. (b) During the Employment Period, Executive shall also be eligible to earn an annual bonus ("Bonus") for each fiscal year of the Company, subject to the Company's annual reduction of indebtedness by $50 million, equal to the following amount: (1) if the Company achieves 100% of target EBITDA for such fiscal year as set forth on Exhibit A hereto ("Target EBITDA"), a Bonus in the amount equal to 5095% of the annual amount of Salary in effect on the last day of such fiscal year ("Target Bonus"); (2) if the Company achieves 85% of Target EBITDA for such fiscal year, a Bonus in an amount equal to 50% of Target Bonus; (3) if the Company achieves 115% of target EBITDA, a Bonus in an amount equal to 150% of Target Bonus. If the Company achieves between 85% and 100% or between 100% and 115% of Target EBITDA for such fiscal year, Executive's Bonus shall based on a linear sliding scale between the applicable targets. If the Company achieves more than 115% of Target EBITDA in any such fiscal year, Executive's Bonus shall increase dollar for dollar, provided that in no event shall the maximum Bonus payable to Executive exceed 200% of his Target Bonus (and Company performance beyond the point at which 200% of the Target Bonus is reached shall not result in any further increase in the Bonus). The Bonus for each fiscal year shall be paid to Executive by the Company in cash not later than the ninety (90) days after the end of such fiscal year. Notwithstanding anything in this Agreement to the contrary, Executive acknowledges and agrees that the aggregate proceeds of the cash bonuses to which he may become entitled during the Employment Period (whether pursuant to this Section 3.3 or Section 3.4 of the Agreement or otherwise) shall be reduced by up to $212,000 (but not below zero) each year, which amount shall be applied for purposes of repaying the interest-free loan granted to him by the Company pursuant to Amendment One, dated as of September 21, 2001, to that certain Employment, Confidentiality and Non-Competition Agreement, dated as of August 4, 1999, between Executive and the Company, and the related repayment and forgiveness arrangements shall continue during the Employment Period.

Base Salary and Bonus. (a) During the Employment Period, Executive shall earn a base salary at the rate of $275,000 390,000 per annum, payable in regular installments in accordance with the Company's payroll policy. Executive's annual base salary, as in effect from time to time, is hereinafter referred to as "Salary". Such Salary shall be subject to review and increase (but not decrease) by the Board not less frequently than annually. In no event shall the amount of Executive's Salary (as may be increased from time to time) be reduced during the Employment Period. (b) During the Employment Period, Executive shall also be eligible to earn an annual bonus ("Bonus") for each fiscal year of the Company, subject to the Company's annual reduction of indebtedness by $50 million, equal to the following amount: (1) if the Company achieves 100% of target EBITDA for such fiscal year as set forth on Exhibit A hereto ("Target EBITDA"), a Bonus in the amount equal to 5065% of the annual amount of Salary in effect on the last day of such fiscal year ("Target Bonus"); (2) if the Company achieves 85% of Target EBITDA for such fiscal year, a Bonus in an amount equal to 50% of Target Bonus; (3) if the Company achieves 115% of target EBITDA, a Bonus in an amount equal to 150% of Target Bonus. If the Company achieves between 85% and 100% or between 100% and 115% of Target EBITDA for such fiscal year, Executive's Bonus shall based on a linear sliding scale between the applicable targets. If the Company achieves more than 115% of Target EBITDA in any such fiscal year, Executive's Bonus shall increase dollar for dollar, provided that in no event shall the maximum Bonus payable to Executive exceed 200% of his Target Bonus (and Company performance beyond the point at which 200% of the Target Bonus is reached shall not result in any further increase in the Bonus). The Bonus for each fiscal year shall be paid to Executive by the Company in cash not later than the ninety (90) days after the end of such fiscal year.

Base Salary and Bonus. (a) During the Employment Period, Executive shall earn a base salary at the rate of $275,000 360,000 per annum, payable in regular installments in accordance with the Company's payroll policy. Executive's annual base salary, as in effect from time to time, is hereinafter referred to as "Salary". Such Salary shall be subject to review and increase (but not decrease) by the Board not less frequently than annually. In no event shall the amount of Executive's Salary (as may be increased from time to time) be reduced during the Employment Period. (b) During the Employment Period, Executive shall also be eligible to earn an annual bonus ("Bonus") for each fiscal year of the Company, subject to the Company's annual reduction of indebtedness by $50 million, equal to the following amount: (1) if the Company achieves 100% of target EBITDA for such fiscal year as set forth on Exhibit A hereto ("Target EBITDA"), a Bonus in the amount equal to 5065% of the annual amount of Salary in effect on the last day of such fiscal year ("Target Bonus"); (2) if the Company achieves 85% of Target EBITDA for such fiscal year, a Bonus in an amount equal to 50% of Target Bonus; (3) if the Company achieves 115% of target EBITDA, a Bonus in an amount equal to 150% of Target Bonus. If the Company achieves between 85% and 100% or between 100% and 115% of Target EBITDA for such fiscal year, Executive's Bonus shall based on a linear sliding scale between the applicable targets. If the Company achieves more than 115% of Target EBITDA in any such fiscal year, Executive's Bonus shall increase dollar for dollar, provided that in no event shall the maximum Bonus payable to Executive exceed 200% of his Target Bonus (and Company performance beyond the point at which 200% of the Target Bonus is reached shall not result in any further increase in the Bonus). The Bonus for each fiscal year shall be paid to Executive by the Company in cash not later than the ninety (90) days after the end of such fiscal year.

Base Salary and Bonus. (a) During the Employment Period, Executive shall earn a base salary at the rate of $275,000 435,000 per annum, payable in regular installments in accordance with the Company's payroll policy. Executive's annual base salary, as in effect from time to time, is hereinafter referred to as "Salary". Such Salary shall be subject to review and increase (but not decrease) by the Board not less frequently than annually. In no event shall the amount of Executive's Salary (as may be increased from time to time) be reduced during the Employment Period. (b) During the Employment Period, Executive shall also be eligible to earn an annual bonus ("Bonus") for each fiscal year of the Company, subject to the Company's annual reduction of indebtedness by $50 million, equal to the following amount: (1) if the Company achieves 100% of target EBITDA for such fiscal year as set forth on Exhibit A hereto ("Target EBITDA"), a Bonus in the amount equal to 5065% of the annual amount of Salary in effect on the last day of such fiscal year ("Target Bonus"); (2) if the Company achieves 85% of Target EBITDA for such fiscal year, a Bonus in an amount equal to 50% of Target Bonus; (3) if the Company achieves 115% of target EBITDA, a Bonus in an amount equal to 150% of Target Bonus. If the Company achieves between 85% and 100% or between 100% and 115% of Target EBITDA for such fiscal year, Executive's Bonus shall based on a linear sliding scale between the applicable targets. If the Company achieves more than 115% of Target EBITDA in any such fiscal year, Executive's Bonus shall increase dollar for dollar, provided that in no event shall the maximum Bonus payable to Executive exceed 200% of his Target Bonus (and Company performance beyond the point at which 200% of the Target Bonus is reached shall not result in any further increase in the Bonus). The Bonus for each fiscal year shall be paid to Executive by the Company in cash not later than the ninety (90) days after the end of such fiscal year.