Common use of Base Salary; Bonus Clause in Contracts

Base Salary; Bonus. During the term of this Agreement, Employer shall pay Employee an annual base salary, as set forth in Appendix A, which may be adjusted periodically by Employer in its sole discretion subject to the terms of this Agreement. For purposes of this Agreement, the term “Base Salary” shall mean Employee’s annual base salary referred to in the preceding sentence, but shall exclude any reimbursements for medical, professional, or transportation expenses, excess group-term life insurance coverage, severance pay, commissions, or other “fringe benefits.” Employee’s Base Salary shall be paid in accordance with Employer’s regular payroll procedures, but shall be computed pro rata in any partial year or other partial period of employment. Employer may also pay Employee an annual bonus to be determined by the Board or its designee in its sole discretion and subject to periodic adjustment, and in accordance with Employer’s Bonus Plan (the “Bonus”). Employer shall withhold from all of Employee’s compensation, including without limitation the Base Salary and Bonus, such sums as are required by federal, state and/or local laws and/or any amounts properly requested by Employee. Employee’s Base Salary, Bonus, and Benefits (as defined below) are described more fully in Appendix A hereto, which is incorporated by reference as if fully set out herein, and which may be amended periodically at the sole discretion of the Board or its designee in accordance with the terms of this Agreement.

Base Salary; Bonus. During the term of this Agreement, Employer shall ------------------ pay Employee an annual base salary, as set forth in Appendix A, which may salary to be adjusted periodically determined by the Employer in its sole discretion (subject to the terms of this Agreement, with the initial Base Salary set forth in Appendix A), and subject to periodic adjustment. For purposes of this Agreement, the term “"Base Salary” " shall mean Employee’s 's annual base salary referred to in the preceding sentenceabove, but shall exclude any reimbursements for medical, professional, or transportation expenses, excess group-term life insurance coverage, severance pay, commissions, or other “"fringe benefits.” " Employee’s 's Base Salary shall be paid in accordance with Employer’s 's regular payroll procedures, but shall be computed pro pro-rata in any partial year or other partial period of employment. Employer may also pay Employee an annual bonus (the "Bonus") to be determined by the Board of Directors or its designee in its sole discretion and subject to periodic adjustment, and in accordance with Employer’s Bonus Plan (the “Bonus”). Employer shall withhold from all of Employee’s 's compensation, including without limitation the Base Salary and Bonus, such sums as are required by federal, state and/or local laws and/or any amounts properly requested by Employeelaws. Employee’s 's Base Salary, Bonus, and Benefits (as defined below) are described more fully in Appendix A "A" hereto, which is incorporated by reference as if fully set out hereinout, and which may be amended periodically at the sole discretion of the Board of Directors or its designee in accordance with the terms of this Agreement.