Common use of Base Salary and Expenses Clause in Contracts

Base Salary and Expenses. As compensation for Employee's services, Employer shall pay to Employee during the Employment Period a salary (the "Base Salary") at the annual rate of $200,000 for FY `98. Any salary increases for future fiscal years will be determined by the Board of Directors of Employer or an appropriate committee thereof (the "Board") in its discretion based upon the recommendation of Employer's chief executive officer (the "Chief Executive Officer"). Base salary will be payable in arrears, in equal bi-weekly installments or at such other interval as the Board or applicable Employer policies shall direct. Employer shall reimburse Employee for all reasonable out-of-pocket expenses incurred by Employee on Employer's behalf during the Employment Period and approved by the Supervisor or such other officer as the Supervisor or applicable Employer policies shall direct.

Base Salary and Expenses. As compensation for Employee's services, Employer shall pay to Employee during the Employment Period a salary (the "Base Salary") at the annual rate of $200,000 250,000 for FY `98. Any salary increases for future fiscal years will be determined by the Board of Directors of Employer or an appropriate committee thereof (the "Board") in its discretion based upon the recommendation of Employer's chief executive officer (the "Chief Executive Officer"). Base salary will be payable in arrears, in equal bi-weekly installments or at such other interval as the Board or applicable Employer policies shall direct. Employer shall reimburse Employee for all reasonable out-of-pocket expenses incurred by Employee on Employer's behalf during the Employment Period and approved by the Supervisor or such other officer as the Supervisor or applicable Employer policies shall direct.

Base Salary and Expenses. As compensation for Employee's services, Employer shall pay to Employee during the Employment Period a salary (the "Base Salary") at the annual rate of $200,000 225,000 for FY `98. Any salary increases for future fiscal years will be determined by the Board of Directors of Employer or an appropriate committee thereof (the "Board") in its discretion based upon the recommendation of Employer's chief executive officer (the "Chief Executive Officer"). Base salary will be payable in arrears, in equal bi-weekly installments or at such other interval as the Board or applicable Employer policies shall direct. Employer shall reimburse Employee for all reasonable out-of-pocket expenses incurred by Employee on Employer's behalf during the Employment Period and approved by the Supervisor or such other officer as the Supervisor or applicable Employer policies shall direct.