Common use of Base Salary, Bonus and Benefits Clause in Contracts

Base Salary, Bonus and Benefits. (a) During the Employment Period, the Executive’s base salary shall be $240,000 per annum, or such higher rate as the Board or Compensation Committee of the Board (excluding the Executive if he should be a member of the Board or the Compensation Committee at the time of such determination) may designate from time to time (the “Base Salary”), which salary shall be payable in such installments as is customary for other senior executives of the Company. The Executive shall be entitled to take four (4) weeks of paid vacation annually. The Board or Compensation Committee shall conduct a review of the Executive’s Base Salary on an annual basis. During the Employment Period, the Executive shall also be entitled to participate in the standard benefit plans available to the Company’s employees generally, in accordance with the terms and conditions of such plans as in effect from time to time.

Base Salary, Bonus and Benefits. (a) During the Employment Period, the Executive’s base salary shall be $240,000 500,000 per annum, or such higher rate as the Board or Compensation Committee of the Board (excluding the Executive if he should be a member of the Board or the Compensation Committee at the time of such determination) may designate from time to time (the “Base Salary”), which salary shall be payable in such installments as is customary for other senior executives of the Company. The Executive shall be entitled to take four (4) weeks of paid vacation annually. The Board or Compensation Committee shall conduct a review of the Executive’s Base Salary on an annual basis. During the Employment Period, the Executive shall also be entitled to participate in the standard benefit plans available to the Company’s employees generally, in accordance with the terms and conditions of such plans as in effect from time to time.