Common use of Base Salary Clause in Contracts

Base Salary. The Company shall pay the Executive an annual base salary of $450,000.00 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.”

Base Salary. The Company shall pay the Executive an annual base salary (the “Base Salary”) of $450,000.00 in periodic installments 240,000 during the Fixed Term, payable in accordance with the Company’s customary standard payroll practices and applicable wage payment laws, but no less frequently than monthlyof the Company. The Executive’s base salary Base Salary shall be reviewed on or about the commence­ment of the At-Will Term and annually thereafter, at least annually by which times it shall be subject to increase or decrease at the Board and discretion of the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base SalaryBoard.”

Base Salary. The Company shall will pay to Executive during the Executive an annual Term a base salary at the annual rate of $450,000.00 in periodic installments 350,000, payable commencing at the beginning of the Term in accordance with the Company’s customary usual payroll practices and applicable wage payment laws, but no less frequently than monthlywith respect to senior executives (except to the extent deferred under Section 5(c)). The Executive’s annual base salary shall be reviewed at least annually by the Board and Executive Compensation Committee of the Board may(the “Committee”) each year of the Term. For purposes of this Agreement, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary” means Executive’s then-current base salary.”

Base Salary. The Company shall pay During the Employment Term, the Executive shall be paid an annual base salary of $450,000.00 in periodic installments in accordance with not less than the CompanyExecutive’s customary payroll practices and applicable wage payment lawsbase salary immediately prior to the Effective Date, but no less frequently than monthlysubject to review at least annually by the Board. The Executive’s base salary shall be reviewed at least annually by as of the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, date hereof is hereinafter referred to as “Base Salary.”set forth on Exhibit A.

Base Salary. The Company shall pay Commencing as of the Effective Date, the Executive shall be paid an annual base salary annualized Base Salary of $450,000.00 in periodic installments 250,000. Such Base Salary shall be payable at intervals in accordance with the Company’s customary regular payroll practices and of the Company applicable wage payment laws, to senior executives but no less frequently than monthly. The Executive’s base salary Base Salary shall be reviewed at least no less frequently than annually by during the Board and the Board may, but Term of Employment for increases. The Base Salary shall not be required to, commencing in January 2020, increase the base salary decreased at its discretion. The Executive’s annual base salary, as in effect from time to any time, is hereinafter referred to as “Base Salaryor for any purpose, during the Term of Employment (including, without limitation, for the purpose of determining benefits due under Section 9).”

Base Salary. (i) The Company shall pay the Executive an annual base salary of payable to the Executive for his services hereunder shall be $450,000.00 in periodic installments 260 000 payable in accordance with the CompanyCorporation’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salarypay policies, as in effect amended from time to time, is hereinafter referred and subject to as all applicable deductions (the “Annual Base Salary”).” (ii) Said Annual Base Salary shall be reviewed at each calendar year starting in 2016 to determine whether an increase thereof is appropriate in light of inflation and the Executive’s achievements and responsibilities in the immediately preceding year.

Base Salary. The From and after the Effective Date, the Company shall pay the Executive an annual a base salary at the annual rate of $450,000.00 650,000.00 payable in periodic regular installments in accordance with the Company’s customary usual payroll practices and applicable wage payment laws, but no less frequently than monthlypractices. The Board shall review Executive’s base salary shall be reviewed at least annually by the Board once per annum, and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is shall hereinafter be referred to as the “Base Salary”.”

Base Salary. The Beginning on the date hereof, the Company shall pay the Executive an annual base salary of $450,000.00 Executive, in periodic equal installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s , a base salary of $412,000 per annum (the “Base Salary”), less all applicable withholdings, during the Term. Executive's Base Salary shall be reviewed at least annually by the Board and People Services (Compensation) Committee of the Board may, but shall not be required to, commencing in January 2020, increase (the base salary at its discretion. The Executive’s “Compensation Committee”) on an annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salarybasis.”

Base Salary. The Company shall will pay to the Executive an annual annualized base salary of $450,000.00 to be determined from time to time and reviewed annually, which may be adjusted at the Company’s discretion (“Base Salary”). The Executive’s Base Salary will be paid in periodic installments in accordance that correspond with the Company’s customary normal payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salarypractices.”

Base Salary. The During the term of Executive’s employment hereunder, the Company shall pay Executive a salary at the Executive an annual base salary rate of $450,000.00 457,885 or such greater amount as the Board may from time to time establish pursuant to the terms hereof (the “Base Salary”). Such Base Salary shall be reviewed annually and may be increased, but not decreased, by the Board in periodic installments its sole discretion. The Base Salary shall be payable in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at for its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salarysenior management personnel.”

Base Salary. The Company During the Specified Term, in consideration of the performance by Executive of Executive’s obligations hereunder to Employer, Employer shall pay the Executive an annual base salary (the “Base Salary”) of Four Hundred Thousand Dollars ($450,000.00 in periodic installments 400,000.00). The Base Salary shall be payable in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, of Employer as in effect from time to timetime for Employer’s executives. The Base Salary shall be reviewed annually, is hereinafter referred to as “Base Salaryexclusively by Employer, and any increase thereto shall be in Employer’s sole discretion.”

Base Salary. The During the term of Executive's employment hereunder, the Company shall pay the Executive an annual base salary (the "Base Salary") at the initial annual rate of $450,000.00 225,000, payable in periodic regular installments in accordance with the Company’s customary payroll 's usual payment practices and applicable wage payment laws, but no less frequently than monthlymonthly during the Employment Term. The Executive’s base salary 's Base Salary shall be reviewed at least annually by for increase in the Board and reasonable discretion of the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base SalaryBoard.”

Base Salary. The Company shall pay the Executive an annual annualized base salary of $450,000.00 220,000.00 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment lawspractices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretionduring the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.”

Base Salary. The Company shall pay the Executive an annual annualized base salary (“Annual Base Salary”) at a rate of $450,000.00 in periodic installments in accordance with US$400,000, payable pursuant to the Company’s customary regular payroll practices and applicable wage payment lawsfor its executives in effect at the time. For fiscal year 2011, but no less frequently than monthlythe Executive’s Annual Base Salary will be prorated from the Effective Date. The Executive’s base salary Annual Base Salary shall be reviewed at least annually by the Board and Chief Executive Officer, for increase only, at such time as the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salarysalaries of other senior executives of Patheon are reviewed generally.”

Base Salary. The Company shall pay During the Term of Employment, the Executive shall be paid an annual base salary of $450,000.00 in periodic installments annualized Base Salary, payable in accordance with the Company’s customary regular payroll practices and applicable wage payment lawsof the Company, but in the amount of $450,000. The Base Salary shall be reviewed no less frequently than monthlyannually for increase in the discretion of the Holding Corp. Board and/or the Committee. The Executive’s base salary shall be reviewed at least annually by the Board and the Board mayBase Salary, but including any increase, shall not be required to, commencing in January 2020, increase decreased during the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base SalaryTerm of Employment.”

Base Salary. The Company shall pay the Executive an annual base salary of $450,000.00 in periodic installments ___________ if annualized (the “Base Salary”), which shall be earned and payable in accordance with the Company’s customary usual payroll practices and applicable wage payment laws, but no less frequently than monthlypractices. The Executive’s base salary shall Base Salary may be reviewed at least annually by the Board Company, and may be adjusted upward in the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its Board’s sole discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.”

Base Salary. The For all the services rendered by Executive hereunder, the Company shall pay the Executive an annual a base salary ("Base Salary") at the annual rate of $450,000.00 225,000, less applicable taxes and withholdings, payable bi-weekly in periodic installments in accordance with at such times as the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthlyCompany customarily pays its other senior level executives. The Executive’s base salary 's Base Salary shall be reviewed at least annually for appropriate increases by the Board and Board, CEO, or compensation committee pursuant to the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salarynormal performance review policies for senior level executives.”

Base Salary. The During the Employment Term, the Company shall pay the Executive an annual a base salary at the annual rate of $450,000.00 450,000 payable in periodic regular installments in accordance with the Company’s customary usual payroll practices and applicable wage payment laws, but no less frequently than monthlypractices. The Board shall review Executive’s base salary shall be reviewed at least annually by the Board once per annum, and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is shall hereinafter be referred to as the “Base Salary”.”

Base Salary. The During the Employment Term, the Company shall pay to the Executive an annual a base salary of not less than $450,000.00 in periodic installments in accordance with 665,000 per annum (the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”). The Board shall review Executive’s Base Salary annually (after approval of the forthcoming year’s budget and receipt of the prior year’s financial statements) and increase it by an amount no less than the increase in the consumer price index for the Washington, D.C. metropolitan area from the immediately preceding year.”

Base Salary. The Company shall pay the Executive an annual rate of base salary of $450,000.00 [BASE SALARY] in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment lawspractices, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretionduring the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.”

Base Salary. The Company shall pay the Executive an annual rate of base salary of $450,000.00 800,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, commencing in January 2020, may increase or decrease the Executive’s base salary at its discretionduring the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.”

Base Salary. The During the Term, the Company shall pay the to Executive an annual a base salary of $450,000.00 400,000 per year (the "Base Salary"), payable in periodic installments in accordance with equal semimonthly installments, or at such other time or times as the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthlyCompany generally pays employees. The Executive’s base salary Company shall be reviewed review the Base Salary at least annually by during the Board first quarter of each calendar year and the Board may, but shall not be required to, commencing in January 2020, may increase the base salary at Base Salary in its sole discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.”

Base Salary. The Company shall pay During the Term of Employment, the Executive an annual shall receive a base salary salary, effective as of the Effective Date, at the annualized rate of $450,000.00 624,000 (the “Base Salary”). The Executive’s Base Salary shall be paid in periodic equal installments in accordance with the Company’s customary regularly established payroll practices and applicable wage payment laws, but no less frequently than monthlyprocedures. The Executive’s base salary shall Base Salary will be reviewed at least annually on an annual or more frequent basis by the Board and is subject to change in the Board may, but shall not be required to, commencing in January 2020, increase discretion of the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base SalaryBoard.”

Base Salary. The Company shall pay to the Executive an annual base salary of $450,000.00 (the “Base Salary”) payable in periodic substantially equal installments at such intervals as may be determined by the Company in accordance with the Company’s customary its ordinary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salarypractices, as in effect established from time to time. The Base Salary shall be reviewed annually and increased as appropriate for market changes, commencing effective January 1, 2024. Executive annualized Base Salary as of the Effective Date is hereinafter referred to as “$320,000. The Base SalarySalary shall not be decreased by the Company except with the prior written consent of the Executive.”

Base Salary. The Company shall pay Effective as of the Effective Date, the Executive an annual shall receive a base salary at the annualized rate of $450,000.00 450,000 (the “Base Salary”), paid in periodic equal bi-monthly installments in accordance with the Company’s customary regularly established payroll practices and applicable wage payment laws, but no less frequently than monthlyprocedure. The Executive’s base salary Such Base Salary shall be reviewed at least annually by the Board Company’s compensation committee and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The first quarter of each fiscal year; any adjustment to the Executive’s annual base salary, Base Salary shall be retroactively effective as in effect from time to time, is hereinafter referred to as “Base Salaryof the first day of such fiscal year.”

Base Salary. The Company shall pay During the Term of Employment, the Executive shall be paid an annual base salary of $450,000.00 in periodic installments annualized gross Base Salary, payable in accordance with the Company’s customary regular payroll practices and applicable wage payment lawsof the Company, but no less frequently than monthlyof $300,000. The Executive’s base salary Base Salary shall be reviewed at least annually by for increase (but not decrease) in the Board and sole discretion of the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base SalaryBoard.”

Base Salary. The Company Executive shall pay be paid a Base Salary at the Executive an annual base salary annualized rate of $450,000.00 in periodic installments 500,000, payable in accordance with the Company’s customary regular payroll practices and applicable wage payment lawsof the Company, but in no event shall he be paid less frequently than monthly. The Executive’s base salary 's Base Salary shall be reviewed at least annually subject to review by the Board of Directors on an annual basis, and the Board may, but shall not may be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect adjusted from time to time, is hereinafter referred to as “Base Salarytime only upward by the Board of Directors acting in its discretion.”

Base Salary. The For all the services rendered by Executive hereunder, the Company shall pay the Executive an annual a base salary (“Base Salary”) at the annual rate of $450,000.00 284,000, payable bi-weekly in periodic installments in accordance with at such times as the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthlyCompany customarily pays its other senior level executives. The Executive’s base salary Base Salary shall be reviewed at least annually for appropriate increases by any of the Chief Executive Officer, the Board and or the Compensation Committee of the Board may, but shall not be required to, commencing in January 2020, increase (the base salary at its discretion. The Executive’s annual base salary, as in effect from time “Compensation Committee”) pursuant to time, is hereinafter referred to as “Base Salarythe normal performance review policies for senior level executives.”

Base Salary. The Company shall pay In consideration of the services to be rendered hereunder, the Executive an annual shall be paid a base salary of $450,000.00 in periodic installments 465,000.00 per year, payable in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthlyin effect during the course of this Agreement (the “Annual Base Salary”). The Executive’s base salary Annual Base Salary shall be reviewed at least annually by the Board and Compensation Committee or the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base SalaryBoard.”

Base Salary. The Company shall pay During the Executive an annual term hereof, the Executive’s base salary of $450,000.00 in periodic installments (the “Base Salary”) shall be paid in accordance with the CompanyCorporation’s customary regular payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred but not less frequently than in monthly installments. As of the Effective Date, the Executive’s Base Salary shall be at an annualized rate of $375,000. During the term hereof, the Corporation may review and adjust the Executive’s rate of Base Salary from time to as “Base Salarytime.”

Base Salary. The Company shall pay the Executive an annual rate of base salary of $450,000.00 340,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretionduring the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.”

Base Salary. The Company Executive shall pay the Executive an annual receive a base salary of $450,000.00 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment lawssalary, but no payable not less frequently than monthlymonthly in arrears, at the annual rate of $170,000. The Board of Directors of the Company shall review the Executive’s 's base salary annually to determine whether such salary should be increased based upon the Company's performance and/or the Executive's performance and upon such other criteria as the directors shall be reviewed at least annually by the Board and the Board may, but shall not be required to, commencing consider in January 2020, increase the base salary at its their sole discretion. The Executive’s annual base salary(In this Agreement, as in effect the term "Base Salary" shall mean the amount established and adjusted from time to time, is hereinafter referred time pursuant to as “Base Salarythis paragraph (a).”)

Base Salary. The Company shall pay Commencing as of the Effective Date, the Executive shall be paid an annual base salary annualized Base Salary of $450,000.00 in periodic installments 420,000, payable in accordance with the Company’s customary regular payroll practices and applicable wage payment laws, but of the Company. The Base Salary shall be reviewed no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by for increase in the Board and discretion of the Board mayCEO and, but shall not be required toif applicable, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base SalaryBoard.”

Base Salary. The Company shall pay the Executive an annual a base salary (the "Base Salary") during the period of the Executive's employment hereunder, which shall be at an initial rate of Two Hundred and Seventy-One Thousand Dollars ($450,000.00 in periodic installments 271,000.00) per annum. The Base Salary shall be paid in accordance with the Company’s customary 's standard payroll practices and applicable wage payment laws, but no less frequently than monthlypractices. The Executive’s base salary Base Salary shall be reviewed at least annually by the Board for possible increase on an annual basis and the Board may, but shall not be required to, commencing in January 2020, increase decreased during the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base SalaryTerm.”

Base Salary. The Company shall pay During the Executive an Term, the Executive’s annual base salary of shall be $450,000.00 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly330,000. The Executive’s base salary shall be reviewed at least annually by the Board and or the Compensation Committee of the Board may, but shall not be required to, commencing in January 2020, increase (the “Compensation Committee”). The base salary at its discretion. The Executive’s annual base salary, as in effect from at any given time to time, is hereinafter referred to herein as “Base Salary.”” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Base Salary. The For all the services rendered by Executive hereunder, the Company shall pay the Executive an annual a base salary (“Base Salary”) at the annual rate of $450,000.00 340,000, payable bi-weekly in periodic installments in accordance with at such times as the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthlyCompany customarily pays its other senior level executives. The Executive’s base salary Base Salary shall be reviewed at least annually for appropriate increases by the Board and or compensation committee pursuant to the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salarynormal performance review policies for senior level executives.”

Base Salary. The For all the services rendered by Executive hereunder, the Company shall pay the Executive an annual a base salary (“Base Salary”) at the annual rate of $450,000.00 280,000, payable bi-weekly in periodic installments in accordance with at such times as the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthlyCompany customarily pays its other senior level executives. The Executive’s base salary Base Salary shall be reviewed at least annually for appropriate increases by the Board and or compensation committee pursuant to the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salarynormal performance review policies for senior level executives.”

Base Salary. The While Executive is employed by the Company, the Company shall will pay Executive a base annual salary (the Executive an annual base salary “Base Salary”) at the rate of $450,000.00 in periodic installments 535,600 per year, paid in accordance with the Company’s customary usual payroll practices and applicable wage payment laws, but no less frequently than monthlyof the Company. The Executive’s base salary Base Salary shall be reviewed at least annually periodically for potential increases pursuant to Company review policies applicable to senior executives by the Board and Compensation Committee of the Board may, but shall not be required to, commencing in January 2020, increase (the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base SalaryCompensation Committee”) or the Board.”

Base Salary. The Company During the Term, Executive shall pay the Executive be paid an annual base salary (“Base Salary”) of not less than $450,000.00 in periodic installments 500,000. The Base Salary shall be payable in accordance with the Company’s customary regular payroll practices and applicable wage payment lawsas then in effect. During the Term, but no less frequently than monthly. The Executive’s base salary shall the Base Salary will be reviewed at least annually by the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salaryannually.”

Base Salary. The Company shall pay During the Employment Period, the Executive shall receive an annual base salary of $450,000.00 in periodic installments 170,000 (the "Annual Base Salary"), payable in accordance with the Company’s customary 's normal payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, for executives as in effect from time to time, is hereinafter referred . Such Annual Base Salary shall be subject to review annually in accordance with the Company's review policies and practices for executives as “Base Salaryin effect at the time of any such review.”

Base Salary. The Company shall pay During the Executive an Term, the Executive’s annual base salary of shall be $450,000.00 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly481,000. The Executive’s base salary shall be reviewed at least annually by the Board and or the Compensation Committee of the Board may, but shall not be required to, commencing in January 2020, increase (the “Compensation Committee”). The base salary at its discretion. The Executive’s annual base salary, as in effect from at any given time to time, is hereinafter referred to herein as “Base Salary.”” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Base Salary. The During the Employment Term, the Company shall pay the Executive an annual base salary of $450,000.00 375,000 per annum in periodic installments cash (the “Annual Base Salary”). Executive’s Annual Base Salary will be subject to annual review by the Board. The Annual Base Salary due to Executive hereunder shall be paid in accordance with the Company’s customary general Company payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salarypractices.”

Base Salary. The Company Employer shall pay the Executive an aggregate minimum annual base salary at the rate of $450,000.00 in periodic installments 550,000 per annum from the beginning of the Employment Period through the end of the Employment Period (“Base Salary”). Base Salary shall be payable bi-weekly in accordance with the CompanyEmployer’s customary payroll practices and applicable wage payment laws, but no less frequently than monthlynormal business practices. The Executive’s base salary Base Salary shall be reviewed at least annually by the Board and or Compensation Committee of the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salaryleast annually.”

Base Salary. The For all the services rendered by Executive hereunder, the Company shall pay the Executive an annual a base salary (“Base Salary”) at the annual rate of $450,000.00 325,000, payable in periodic installments in accordance with at such times as the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthlyCompany customarily pays its other senior level executives. The Executive’s base salary Base Salary shall be reviewed at least annually for appropriate increases by the Board and or compensation committee pursuant to the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salarynormal performance review policies for senior level executives.”

Base Salary. The Company shall pay During the Term of Employment, the Executive shall be paid an annual base salary of $450,000.00 in periodic installments annualized gross Base Salary, payable in accordance with the Company’s customary regular payroll practices and applicable wage payment laws, of the Company (but no less frequently than monthlyannually) of $750,000. The Executive’s base salary Base Salary shall be reviewed at least annually by for increase (but not decrease) in the Board and sole discretion of the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base SalaryBoard.”

Base Salary. The While Executive is employed by the Company, the Company shall will pay Executive a base annual salary (the Executive an annual base salary “Base Salary”) at the rate of $450,000.00 in periodic installments 350,000 per year, paid in accordance with the Company’s customary usual payroll practices and applicable wage payment laws, but no less frequently than monthlyof the Company. The Executive’s base salary Base Salary shall be reviewed at least annually periodically for potential increases pursuant to Company review policies applicable to senior executives by the Board and Compensation Committee of the Board may, but shall not be required to, commencing in January 2020, increase (the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base SalaryCompensation Committee”) or the Board.”

Base Salary. The Company During the Term of Employment, Executive shall pay the Executive an annual receive a base salary of $450,000.00 in periodic installments per annum payable in accordance with the Company’s customary normal payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as time of $350,000 (“Base Salary”). Executive’s Base Salary may be reviewed by the Board on an annual basis and shall be subject to adjustment, as determined in the sole discretion of the Board.”

Base Salary. The During the Employment Term, the Company shall pay the Executive an annual rate of base salary of $450,000.00 400,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthlypractices. The Executive’s base salary shall be reviewed at least annually by the Board Compensation Committee and the Board Compensation Committee may, but shall not be required to, commencing in January 2020, increase (but not decrease) the base salary at its discretionduring the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.”

Base Salary. The Company shall pay Commencing as of the Effective Date, the Executive shall be paid an annual base salary annualized Base Salary of $450,000.00 in periodic installments 330,000, payable in accordance with the Company’s customary regular payroll practices and applicable wage payment laws, but of the Company. The Base Salary shall be reviewed no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by for increase in the Board and discretion of the Board mayCEO and, but shall not be required toif applicable, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base SalaryBoard.”

Base Salary. The Company shall pay During the Employment Period, the Executive shall receive an annual rate of base salary of ("BASE SALARY") in an amount not less than $450,000.00 in periodic installments 350,000. Executive's Base Salary will be reviewed by the Company annually and may be adjusted upward (but not downward) at such time. Base Salary shall be payable in accordance with the Company’s customary payroll practices and applicable wage payment laws's normal business practices, but in no event less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.”

Base Salary. The Company shall pay During the Executive an Term, the Executive’s annual base salary of shall be $450,000.00 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly390,000. The Executive’s base salary shall be reviewed at least annually by the Board and or the Compensation Committee of the Board may, but shall not be required to, commencing in January 2020, increase (the “Compensation Committee”). The base salary at its discretion. The Executive’s annual base salary, as in effect from at any given time to time, is hereinafter referred to herein as “Base Salary.”” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Base Salary. The Company shall pay During the Executive an Term, the Executive’s annual base salary of will be $450,000.00 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly275,000. The Executive’s base salary shall be reviewed at least annually by the Board and or the Compensation Committee of the Board may, but shall not be required to, commencing in January 2020, increase (the “Compensation Committee”). The base salary at its discretion. The Executive’s annual base salary, as in effect from at any given time to time, is hereinafter referred to herein as “Base Salary.”” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Base Salary. The Company Executive shall pay the Executive initially be paid an annual base salary of $450,000.00 in periodic installments annualized Base Salary, payable in accordance with the Company’s customary regular payroll practices and applicable wage payment lawsof the Company, but no of $325,000. No less frequently than monthly. The annually, the Executive’s base salary Base Salary shall be reviewed at least annually by the Board and the Board may, Compensation Committee who may (but is not obligated to) adjust such Base Salary in its sole discretion; provided that Base Salary shall not be required to, commencing in January 2020, increase decreased. Any such increased Base Salary shall be the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary” for all purposes under this Agreement.”

Base Salary. The For all the services rendered by Executive hereunder, the Company shall pay the Executive an annual a base salary (“Base Salary”) at the annual rate of $450,000.00 300,000, payable bi-weekly in periodic installments in accordance with at such times as the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthlyCompany customarily pays its other senior level executives. The Executive’s base salary Base Salary shall be reviewed at least annually for appropriate increases by the Board and or compensation committee pursuant to the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salarynormal performance review policies for senior level executives.”

Base Salary. The While Executive is employed by the Company, the Company shall will pay Executive a base annual salary (the Executive an annual base salary “Base Salary”) at the rate of $450,000.00 in periodic installments $636,592.80 per year, paid in accordance with the Company’s customary usual payroll practices and applicable wage payment laws, but no less frequently than monthlyof the Company. The Executive’s base salary Base Salary shall be reviewed at least annually periodically for potential increases pursuant to Company review policies applicable to senior executives by the Board and Compensation Committee of the Board may, but shall not be required to, commencing in January 2020, increase (the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base SalaryCompensation Committee”) or the Board.”

Base Salary. The For all the services rendered by Executive hereunder, the Company shall pay the Executive an annual a base salary ("Base Salary"), commencing on the Effective Date, at the annual rate of $450,000.00 450,000, payable in periodic installments in accordance with at such times as the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthlyCompany customarily pays its other senior level executives. The Executive’s base salary 's Base Salary shall be reviewed at least annually for appropriate increases by the Board and pursuant to the Board may, Board's normal performance review policies for senior level executives but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salarydecreased.”

Base Salary. The While Executive is employed by the Company, the Company shall will pay Executive a base annual salary (the Executive an annual base salary “Base Salary”) at the rate of $450,000.00 in periodic installments 360,000 per year, paid in accordance with the Company’s customary usual payroll practices and applicable wage payment laws, but no less frequently than monthlyof the Company. The Executive’s base salary Base Salary shall be reviewed at least annually periodically for potential increases pursuant to Company review policies applicable to senior executives by the Board and Compensation Committee of the Board may, but shall not be required to, commencing in January 2020, increase (the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base SalaryCompensation Committee”) or the Board.”

Base Salary. The Company shall pay the Executive an annual annualized base salary of $450,000.00 204,000.00 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment lawspractices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretionduring the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.”

Base Salary. The Company shall pay the Executive an annual base salary of $450,000.00 220,000 annually, $150,000 of which will be payable in periodic installments in accordance with the Company’s customary regular payroll practices practices, and applicable wage payment laws$70,000 of which will be paid in lump sum at the end of the then-current fiscal year, but no less frequently than monthlyor, in the sole discretion of the Board, prorated over the one year period upon completion of a financing. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretionduring the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.”

Base Salary. The Company shall pay the Executive an annual rate of base salary of $450,000.00 240,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretionduring the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.”

Base Salary. The Company shall pay the Executive an annual rate of base salary of $450,000.00 225,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, commencing in January 2020, may increase the Executive’s base salary at its discretionduring the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.”

Base Salary. The During the term of Executive's employment, the Company shall pay the Executive an annual base salary of $450,000.00 in periodic installments 250,000 (the "Annual Base Salary") payable in accordance with the Company’s customary 's regular payroll practices and applicable wage payment laws, but no less frequently than monthlypractices. The Executive’s base salary Annual Base Salary shall be reviewed at least annually by the Board of Directors and may be adjusted in the sole discretion of the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salaryof Directors.”

Base Salary. The For all the services rendered by Executive hereunder, the Company shall pay the Executive an annual a base salary (“Base Salary”) at the annual rate of $450,000.00 532,000, payable bi-weekly in periodic installments in accordance with at such times as the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthlyCompany customarily pays its other senior level executives. The Executive’s base salary Base Salary shall be reviewed at least annually for appropriate increases by the Board and or Compensation Committee of the Board may, but shall not be required to, commencing in January 2020, increase (the base salary at its discretion. The Executive’s annual base salary, as in effect from time “Compensation Committee”) pursuant to time, is hereinafter referred to as “Base Salarythe normal performance review policies for senior level executives.”

Base Salary. The For all the services rendered by Executive hereunder, the Company shall pay the Executive an annual a base salary (“Base Salary”) at the annual rate of $450,000.00 397,000, payable bi-weekly in periodic installments in accordance with at such times as the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthlyCompany customarily pays its other senior level executives. The Executive’s base salary Base Salary shall be reviewed at least annually for appropriate increases by any of the Chief Executive Officer, the Board and or the Compensation Committee of the Board may, but shall not be required to, commencing in January 2020, increase (the base salary at its discretion. The Executive’s annual base salary, as in effect from time “Compensation Committee”) pursuant to time, is hereinafter referred to as “Base Salarythe normal performance review policies for senior level executives.”

Base Salary. The During the term of Executive's employment, the Company shall pay the Executive an annual base salary of Two Hundred Eighty Thousand Dollars ($450,000.00 in periodic installments 280,000) (the "Annual Base Salary") payable in accordance with the Company’s customary 's regular payroll practices and applicable wage payment lawspractices, but no not less frequently than monthlytwice per month. The Executive’s base salary Annual Base Salary shall be reviewed at least annually by the Board of Directors and may be adjusted upwards (but not downwards) in the sole discretion of the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salaryof Directors.”

Base Salary. The For all the services rendered by Executive hereunder, the Company shall pay the Executive an annual a base salary (“Base Salary”) at the annual rate of $450,000.00 249,600, payable in periodic installments in accordance with at such times as the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthlyCompany customarily pays its other senior level executives. The Executive’s base salary Base Salary shall be reviewed at least annually for appropriate increases by the Board and or compensation committee pursuant to the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salarynormal performance review policies for senior level executives.”

Base Salary. The Company shall pay the Executive an annual Executive's base salary of $450,000.00 in periodic installments (the "Base Salary") shall be paid in accordance with the Company’s customary 's regular payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “but not less frequently than in monthly installments. The Executive's initial Base SalarySalary shall be at an annualized rate of Three Hundred Seventy Five Thousand Dollars ($375,000). The Company may review the Executive's Base Salary annually and may increase the Executive's Base Salary from the rate then in effect based on such review.”

Base Salary. The For all the services rendered by Executive hereunder, the Company shall pay the Executive an annual a base salary (“Base Salary”) at the annual rate of $450,000.00 330,000, payable bi-weekly in periodic installments in accordance with at such times as the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthlyCompany customarily pays its other senior level executives. The Executive’s base salary Base Salary shall be reviewed at least annually for appropriate increases by the Board and or compensation committee pursuant to the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salarynormal performance review policies for senior level executives.”

Base Salary. The Company shall will pay the Executive an annual base salary of $450,000.00 in periodic installments [BASE SALARY] in accordance with the Company’s customary standard payroll practices and applicable wage payment laws, but no less frequently than monthlypractices. The Executive’s base salary shall will be reviewed at least annually by the Board Board, and the Board may, but shall will not be required to, commencing in January 2020, increase the base salary at its discretionduring the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.”

Base Salary. The Company shall pay the Executive an annual will be paid a base salary ("Base Salary") at the annual rate of $450,000.00 in periodic installments in accordance with 135,000 (effective May 1, 2002). The annual Base Salary will be reviewed by the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, 's Senior Vice-President-Theatrical Operations on or before April 1 of each year (commencing in January 20202003), increase unless Executive's employment has been terminated earlier pursuant to this Agreement, to determine if such Base Salary should be increased for the base salary at its discretion. The Executive’s annual base salary, as following year in effect from time recognition of services to time, is hereinafter referred to as “Base SalaryCompany.”

Base Salary. The Company shall pay During the Executive an Term, the Executive’s annual base salary of will be $450,000.00 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly290,000.00. The Executive’s base salary shall be reviewed at least annually by the Board and or the Compensation Committee of the Board may, but shall not be required to, commencing in January 2020, increase (the “Compensation Committee”). The base salary at its discretion. The Executive’s annual base salary, as in effect from at any given time to time, is hereinafter referred to herein as “Base Salary.”” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Base Salary. The Company shall pay During the Executive an Term, the Executive’s annual base salary of will be $450,000.00 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly225,000. The Executive’s base salary shall be reviewed at least annually by the Board and or the Compensation Committee of the Board may, but shall not be required to, commencing in January 2020, increase (the “Compensation Committee”). The base salary at its discretion. The Executive’s annual base salary, as in effect from at any given time to time, is hereinafter referred to herein as “Base Salary.”” The Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for executive officers.

Base Salary. The During the term of Executive's employment hereunder, Company shall pay the to Executive a base salary at an annual base salary rate of $450,000.00 in periodic installments 300,000.00 (the "Base Salary"), payable in accordance with the Company’s customary 's normal payroll practices and applicable wage payment laws, but no less frequently than monthlypractices. The Executive’s base salary shall Base Salary will be reviewed at least annually by based on the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base SalaryCompany's normal review cycle.”

Base Salary. The For all the services rendered by Executive hereunder, the Company shall pay the Executive an annual a base salary ("Base Salary"), commencing on the Effective Date, at the annual rate of $450,000.00 275,000, payable in periodic installments at such times as the Company customarily pays its other senior level executives (but in accordance with the Company’s customary payroll practices and applicable wage payment laws, but any event no less frequently often than monthly). The Executive’s base salary 's Base Salary for each year shall be reviewed at least annually by the Board and the Board may, for appropriate adjustment (but shall not be required to, commencing in January 2020, increase reduced below the base salary at then current level) by the Board pursuant to its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salarynormal performance review policies for senior level executives.”

Base Salary. The For all the services rendered by Executive hereunder, the Company shall pay the Executive an annual a base salary (“Base Salary”) at the annual rate of $450,000.00 213,471, payable in periodic installments in accordance with at such times as the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthlyCompany customarily pays its other senior level executives. The Executive’s base salary Base Salary shall be reviewed at least annually for appropriate increases by the Board and or compensation committee pursuant to the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salarynormal performance review policies for senior level executives.”

Base Salary. The Company shall pay During the Employment Period, the Executive shall receive an annual base salary of $450,000.00 in periodic installments 290,000 (the "Annual Base Salary"), payable in accordance with the Company’s customary 's normal payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, practice for executives as in effect from time to time, is hereinafter referred . The Annual Base Salary shall be subject to review annually in accordance with the Company's review policies and practices for executives as “Base Salaryin effect at the time of any such review.”

Base Salary. The For all the services rendered by Executive hereunder, the Company shall pay the Executive an annual a base salary (“Base Salary”) at the annual rate of $450,000.00 327,540, payable bi-weekly in periodic installments in accordance with at such times as the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthlyCompany customarily pays its other senior level executives. The Executive’s base salary Base Salary shall be reviewed at least annually for appropriate increases by the Board and or compensation committee pursuant to the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salarynormal performance review policies for senior level executives.”

Base Salary. The Company shall pay During the term of his employment, the Executive shall receive an annual base salary of not less than U.S. $450,000.00 in periodic installments 200,000 (less required statutory and other deductions authorized by the Executive), which base salary shall be paid in accordance with the Company’s customary 's normal payroll practices and applicable wage payment laws, but no less frequently than monthlypractices. The Executive’s 's base salary shall be reviewed at least annually by the Board President and CEO on each anniversary of the Board may, but shall not be required to, commencing in January 2020, increase Executive's commencement of employment with the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base SalaryCompany.”

Base Salary. The Company shall pay During the Executive an annual Employment Period, the Executive’s base salary of shall be in an amount set by the Board, but under no circumstances will be less than $450,000.00 241,288 per annum (the “Base Salary”), which salary shall be paid by the Company in periodic regular installments in accordance with the Company’s customary general payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by subject to customary withholding. On an annual basis, the Board shall review and determine the Board may, but shall not be required to, commencing appropriateness of an increase in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, Base Salary as in effect from time to time, is hereinafter referred to as “Base Salaryof the date of such review.”

Base Salary. The Company shall pay the Executive an annual base salary of $450,000.00 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretionduring the Term. The Executive’s Executive annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.”

Base Salary. The For all the services rendered by Executive hereunder, the Company shall pay the Executive an annual a base salary (“Base Salary”) at the annual rate of $450,000.00 338,000, payable in periodic installments in accordance with at such times as the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthlyCompany customarily pays its other senior level executives. The Executive’s base salary Base Salary shall be reviewed at least annually for appropriate increases by the Board and or compensation committee pursuant to the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salarynormal performance review policies for senior level executives.”

Base Salary. The For all the services rendered by Executive hereunder, the Company shall pay the Executive an annual a base salary (“Base Salary”) at the annual rate of $450,000.00 366,000, payable bi-weekly in periodic installments in accordance with at such times as the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthlyCompany customarily pays its other senior level executives. The Executive’s base salary Base Salary shall be reviewed at least annually for appropriate increases by any of the Chief Executive Officer, the Board and or the Compensation Committee of the Board may, but shall not be required to, commencing in January 2020, increase (the base salary at its discretion. The Executive’s annual base salary, as in effect from time “Compensation Committee”) pursuant to time, is hereinafter referred to as “Base Salarythe normal performance review policies for senior level executives.”

Base Salary. The During the Employment Term, the Company shall will pay to the Executive an annual a base salary of per annum equal to $450,000.00 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws285,000.00, which will be reviewed annually, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall may not be required todecreased, commencing except in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, event of a reduction in salaries of Company executives generally (as in effect from time to time, is hereinafter referred to as the “Base Salary”). The Base Salary will be payable at the times and in the manner consistent with the Company’s policies regarding compensation of the Company’s executives generally, but in no event less frequently than monthly.”

Base Salary. The During the Employment Period, the Company shall pay the Executive an annual a base salary of $450,000.00 435,000.00 calculated on an annual basis (as increased, “Base Salary”), paid in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but practices. The Base Salary shall be reviewed for increase no less frequently than monthly. The Executive’s base salary shall be reviewed annually, beginning at least annually by the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salaryend of calendar year 2014.”

Base Salary. The For all the services rendered by Executive hereunder, the Company shall pay the Executive an annual a base salary of $450,000.00 (“Base Salary”) at the annual rate of$325,000, payable bi-weekly in periodic installments in accordance with at such times as the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthlyCompany customarily pays its other senior level executives. The Executive’s base salary Base Salary shall be reviewed at least annually for appropriate increases by the Board and or the Compensation Committee of the Board may, but shall not be required to, commencing in January 2020, increase pursuant to the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salarynormal performance review policies for senior level executives.”

Base Salary. The Company shall pay the Executive an annual gross base salary of $450,000.00 in periodic installments 175,000 (the “Base Salary”), payable in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time. The Executive’s Base Salary will be reviewed annually following the Effective Date of this Agreement. At or about the time of such reviews, is hereinafter referred to as “the Executive’s Base SalarySalary may be adjusted upward or remain the same in the sole discretion of the Board.”

Base Salary. The During the period of Executive’s employment under this Agreement, the Company shall pay the Executive an annual base salary (“Annual Base Salary”) at an annual rate equal to not less than Four Hundred Fifty Thousand and No/100 Dollars ($450,000.00), which shall be reviewed annually by the Board or the Compensation Committee of $450,000.00 in periodic installments the Board. Executive’s Annual Base Salary shall be paid in accordance with the standard practices for other senior corporate executives of the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.”

Base Salary. The Company shall pay the Executive an annual a base salary at an annualized rate of $450,000.00 425,000, payable in periodic equal semi-monthly installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthlypractices. The Executive’s base salary shall be reviewed at least annually by the Board and Compensation Committee of the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretionBoard. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.”

Base Salary. The Beginning on the Effective Date, the Company shall pay the Executive an annual base salary of $450,000.00 Executive, in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment lawspractices, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, commencing in January 2020, increase the a minimum base salary at its discretionthe bi-weekly rate of $10,577 (which if annualized equals $275,000) (the “Base Salary”). The Company may review the Executive’s Base Salary on an annual base salarybasis and may, as in effect its sole discretion, increase it from time to time, is hereinafter referred to as “Base Salarytime in accordance with normal business practices.”

Base Salary. The During the period of the Executive's employment ------------ hereunder, the Company shall pay to the Executive an annual base salary of at a rate not less than $450,000.00 725,000, such salary to be paid in periodic installments in accordance conformity with the Company’s customary payroll practices and applicable wage payment laws, 's policies relating to salaried employees. This salary may be (but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall is not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect to be) increased from time to time, is hereinafter referred subject to as “Base Salaryand in accordance with the annual executive performance review procedures of the Company.”

Base Salary. In consideration for Executive's services hereunder, during the Term and beginning on the Commencement Date, the Company shall pay to Executive an annual base salary (the “Base Salary”) in the amount of $700,000.00 initially. Executive's annual base salary shall be reviewed periodically by the Company and may be increased from time to time. The Company shall pay the Executive an annual base salary of $450,000.00 in periodic installments in accordance with the Company’s customary normal payroll payment practices of the Company and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by subject to such deductions and withholdings as law or policies of the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base SalaryCompany require.”

Base Salary. The Company shall pay Commencing as of the Effective Date, the Executive shall be paid an annual base salary annualized Base Salary of $450,000.00 in periodic installments 275,000, payable in accordance with the Company’s customary regular payroll practices and applicable wage payment laws, but of the Company. The Base Salary shall be reviewed no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by for increase in the Board and discretion of the Board mayCEO and, but shall not be required toif applicable, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base SalaryBoard.”

Base Salary. The During the Employment Period, the Company shall pay the Executive an annual a base salary (the "Base Salary") of no less than $450,000.00 in periodic installments 262,522 per annum, payable in accordance with the Company’s customary 's normal payroll practices and applicable wage payment laws, but no less frequently than monthlyfor senior executives. The Executive’s base salary Base Salary shall be reviewed at least annually by once each year, should the Board Employment Period extend beyond one year, in accordance with the Company's regular review of senior executive salaries, and the Board may, but shall not be required to, commencing in January 2020, increase decreased without the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary's consent.”

Base Salary. The Beginning as of the Effective Date, the Company shall pay the Executive an annual rate of base salary of $450,000.00 427,500 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment lawspractices, but no less frequently than monthly. The Each calendar year during the Employment Term, the Company will review Executive’s base salary shall be reviewed at least annually by the Board performance and the Board may, but shall not be required to, commencing in January 2020, determine whether to increase the Executive’s annual base salary at its discretionsalary. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.”

Base Salary. The Company shall pay During the Term of Employment, the Executive shall be paid an annual base salary of $450,000.00 in periodic installments annualized gross Base Salary, payable in accordance with the Company’s customary regular payroll practices and applicable wage payment laws, but no less frequently than monthlyof the Company of $200,000. The Executive’s base salary Base Salary shall be reviewed at least annually by for increase (but not decrease) in the sole discretion of the Board not later than June 30, 2018, and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salaryannually thereafter.”

Base Salary. The Company Executive shall pay the Executive an annual initially be paid a base salary at an annualized rate of $450,000.00 250,000.00 (as may be adjusted from time to time in periodic installments accordance with this Agreement, "Base Salary"), payable in accordance with the Company’s customary Employer's regular payroll practices and applicable wage payment lawsfor its employees. On an annual basis, but no less frequently than monthly. The the Executive’s base salary 's Base Salary shall be reviewed at least annually by the Board Employer and may be increased in the discretion of the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.”of Directors and

Base Salary. The Company shall pay the Executive an annual Executive's base salary of $450,000.00 in periodic installments (the “Base Salary”) shall be paid in accordance with the Company’s customary 's regular payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “but not less frequently than in monthly installments. The Executive's Base SalarySalary for the first twelve (12) months of the Period of Employment shall be at an annualized rate of Five Hundred and Fifty Thousand Dollars ($550,000). The Company will review the Executive's Base Salary at least annually and may increase the Executive's Base Salary from the rate then in effect based on such review.”

Base Salary. The During the Employment Period, the Company shall pay the Executive an annual a base salary of $450,000.00 189,000 per year (the “Base Salary”), payable in periodic regular installments in accordance with the Company’s customary ordinary payroll practices and applicable wage payment laws(in effect from time to time), but in any event no less frequently than monthly. The Executive’s base salary Executive shall be reviewed at least annually eligible for an annual review of his Base Salary based on performance as determined by the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its sole discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.”

Base Salary. The While Executive is engaged by the Company hereunder, the Company shall pay the to Executive an annual base salary of $450,000.00 in periodic installments a Base Salary, less applicable tax and other deductions and in accordance with the Company’s customary normal payroll practices policies and applicable wage payment lawsprocedures, but no less frequently than monthlyat the annual rate of 280.000 EURO. The Consistent with the Company’s practice, during March of each year the Company will review Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.”

Base Salary. The Company Beginning on the Date of Employment, Executive shall pay the Executive receive an annual base salary of $450,000.00 in periodic installments 325,000 paid in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salarypractices, as in effect from time to time. Base salary shall be subject to review on at least an annual basis by the CEO. Executive understands that no further compensation will be given for his/her name being used as an officer or shareholder of any corporation, is hereinafter referred to as “Base Salarysubsidiary or branch.”