Common use of Base Salary Clause in Contracts

Base Salary. During the Employment Period, Executive shall receive an annual gross base salary paid bi-weekly in accordance with the Company’s normal payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriate.

Base Salary. During the Employment Period, Executive shall receive an annual gross base salary (“Annual Base Salary”) of $400,000 paid bi-weekly in accordance with the Company’s normal payroll procedures (“Base Salary”). Executive’s Base Salary at practices of the Effective Date is $660,000. The amount of Company as may be in effect from time to time, which Annual Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriatefor increase at least annually.

Base Salary. During the Employment Period, Executive shall receive an initial annual gross base salary in an amount equal to $520,000, which shall be paid bi-weekly in accordance with the Company’s normal customary payroll procedures practices of the Company (the “Annual Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Annual Base Salary shall be reviewed at least annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committeebut may not be reduced, and in the event of any increase thereof, all references to “Annual Base Salary” as appropriateused in this Agreement shall refer to such increased amount.

Base Salary. During the Employment Period, the Executive shall receive an annual gross annualized base salary paid bi-weekly in accordance with (“Annual Base Salary”) of not less than $1,500,000, payable pursuant to the Company’s normal payroll procedures (“Base Salary”)practices. Executive’s Base Salary at During the Effective Date is $660,000. The amount of Employment Period, the current Annual Base Salary shall be reviewed annually and increased by for increase only at such amounttime as the salaries of senior officers of the Company are reviewed generally, if anyprovided that, as may be determined by the Board or its Compensation Committee, as appropriateExecutive’s first such review shall occur no earlier than calendar year 2005.

Base Salary. During the Employment Period, Executive shall receive an initial annual gross base salary in an amount equal to $500,000, which shall be paid bi-weekly in accordance with the Company’s normal customary payroll procedures practices of the Company (the “Annual Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Annual Base Salary shall be reviewed at least annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriatebut may not be reduced.

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary paid bi-weekly (the “Base Salary”) of no less than $600,000, payable in accordance with the Company’s normal regular payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000practices. The amount of Base Salary shall be reviewed annually periodically by the Compensation Committee of the Board (the “Compensation Committee”), and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriateincreased but not decreased.

Base Salary. During the Employment Periodterm of the Executive's employment, the Executive shall receive an annual gross base salary (the "Annual Base Salary"), which shall be paid bi-weekly in accordance with the customary payroll practices of the Company’s normal payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The , in an amount of Base Salary shall be reviewed annually and increased by such amount, if any, as may to be determined by the Board or its Compensation Committee, as appropriateBoard.

Base Salary. During the Employment Period, Executive shall receive an initial annual gross base salary in an amount equal to One Hundred and Ninety Thousand Dollars ($190,000), less all applicable withholdings, which shall be paid bi-weekly in accordance with the Company’s normal customary payroll procedures practices of the Company (as in effect from time to time, the “Annual Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Annual Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined subject to annual review by the Board or Board, in its Compensation Committee, as appropriatesole discretion; for possible increase and any such increased Annual Base Salary shall constitute “Annual Base Salary” for purposes of this Agreement.

Base Salary. During the Employment Period, the Executive shall receive from the Company an annual gross base salary paid bi-weekly (“Annual Base Salary”) of $1,682,801, payable in regular intervals in accordance with the Company’s normal customary payroll procedures (“Base Salary”). Executive’s Base Salary at practices in effect during the Effective Date is $660,000. The amount of Employment Period; provided that such Annual Base Salary shall be reviewed annually and increased by such amount2% (from the Annual Base Salary theretofore in effect) on each January 1 during the Employment Period commencing January 1, if any, as may 2016 and shall be determined by payable in accordance with the Board or its Compensation Committee, as appropriatepreceding sentence.

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary (“Annual Base Salary”) (which shall be paid in equal bi-monthly installments) at least equal to twelve times the highest monthly base salary paid bior payable to the Executive by the Company and its affiliated companies in respect of the twelve-weekly month period immediately preceding the month in accordance which the Effective Date occurs. As used in this Agreement, the term “Affiliated Compan(ies)” includes any company controlled by, controlling or under common control with the Company’s normal payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriate.

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary paid bi-weekly (“Annual Base Salary”) at a rate of not less than $1,000,000 payable in accordance with the Company’s normal payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriatepolicies.

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary paid bi-weekly (“Annual Base Salary”) of not less than $950,000. During the Employment Period, the Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (the “Compensation Committee”) for increase, but not decrease. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as in effect from time to time, including any increases. Such Annual Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s normal payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriatepolicies applicable to executive officers.

Base Salary. During the Employment Period, the Executive shall receive from the Company an annual gross base salary paid bi-weekly (“Annual Base Salary”) of $2,008,600, payable in regular intervals in accordance with the Company’s normal customary payroll procedures (“Base Salary”). Executive’s Base Salary at practices in effect during the Effective Date is $660,000. The amount of Employment Period; provided that such Annual Base Salary shall be reviewed annually and increased by such amount2% (from the Annual Base Salary theretofore in effect) on each January 1 during the Employment Period commencing January 1, if any, as may 2016 and shall be determined by payable in accordance with the Board or its Compensation Committee, as appropriatepreceding sentence.

Base Salary. During the Employment Period, Executive shall receive an annual gross base salary in an amount equal to Five Hundred Thousand dollars ($500,000), less all applicable withholdings, which shall be paid bi-weekly in accordance with the Company’s normal customary payroll procedures practices of the Company and prorated for partial calendar years of employment (as in effect from time to time, the “Annual Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriate.

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary paid bi-weekly (“Base Salary”) of no less than $500,000, payable in accordance with the Company’s normal regular payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000practices. The amount of Base Salary shall be reviewed annually and increased by such amountperiodically, and, if anyadjusted (but not below $500,000), as may be determined by the Board or its Compensation Committee, as appropriateterm “Base Salary” shall refer to such adjusted amount.

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary (the “Annual Base Salary”) at an annual rate at least equal to 12 times the highest monthly base salary paid bi-weekly in accordance with the Company’s normal payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amountor payable, if any, as may be determined by the Board or its Compensation Committee, as appropriate.including any base salary

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary paid bi-weekly in accordance with the Company’s normal payroll procedures (“"Annual Base Salary”"). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary , which shall be reviewed annually and increased by such amountpaid at a monthly rate, if any, as may be determined at least equal to the highest annualized (for any fiscal year consisting of less than twelve full months or with respect to which the Executive has been employed by the Board or its Compensation Committee, as appropriate.Company for less than twelve full

Base Salary. During the Employment Period, the ------------ ----------- Executive shall receive an annual gross base salary ("Annual Base Salary"), which shall be paid at a monthly rate, at least equal to twelve times the highest monthly base salary paid bi-weekly in accordance with the Company’s normal payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amountor payable, if any, as may be determined by the Board or its Compensation Committee, as appropriate.including any base salary which has been earned but

Base Salary. During the Employment Period, Executive shall receive an the Executive’s annual gross base salary paid bi-weekly (“Annual Base Salary”) shall be payable in accordance with the Company’s normal general payroll procedures (“Base Salary”)practices. The Executive’s Base Salary at the Effective Date is $660,000. The amount of Annual Base Salary shall be reviewed annually and at least $175,000. The Executive’s Annual Base Salary (as increased by such amount, if any, as from time to time) may not be determined by decreased during the Board Employment Period. Any increase in Annual Base Salary shall not serve to limit or its Compensation Committee, as appropriatereduce any other obligation of the Company under this Agreement.

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary paid bi-weekly of $170,000 (the "Annual Base Salary"), payable in accordance with the Company’s 's normal payroll procedures (“Base Salary”)practices for executives as in effect from time to time. Executive’s Base Salary at the Effective Date is $660,000. The amount of Such Annual Base Salary shall be reviewed subject to review annually in accordance with the Company's review policies and increased by practices for executives as in effect at the time of any such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriatereview.

Base Salary. During the Employment Period, commencing on the Effective Date, the Executive shall receive an annual gross base salary paid bi-weekly ("Base Salary") as determined by the Compensation Committee from time to time. Commencing January 1, 2000, the Executive's Base Salary shall be at a rate of not less than $240,000. The Base Salary shall be payable in accordance with the Company’s normal 's regular payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if anypractice for its senior executives, as may be determined by the Board or its Compensation Committee, as appropriatein effect from time to time.

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary the Executive's Annual Base Salary which will be paid bi-weekly in accordance with the Company’s normal 's regular payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if any, policies as may be determined by the Board or its Compensation Committee, as appropriatein effect from time to time.

Base Salary. During the Employment Period, Executive shall receive an annual gross base salary in an amount equal to Three Hundred Fifty Thousand Dollars ($350,000), less all applicable withholdings, which shall be paid bi-weekly in accordance with the Company’s normal customary payroll procedures practices of the Company (as in effect from time to time, the “Annual Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Annual Base Salary shall be reviewed annually prorated for partial calendar years of employment and increased by such amount, if any, shall be subject to annual review as may be determined by the Board or of Directors of the Company (the “Board”), in its Compensation Committee, as appropriatesole discretion.

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary ("Annual Base Salary") of not less than $405,000, which shall be paid bi-weekly in accordance with the Company’s 's normal payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriatepractices.

Base Salary. During the Employment Period, Executive shall receive an annual gross base salary (“Annual Base Salary”) of $450,000 paid bi-weekly in accordance with the Company’s normal payroll procedures (“Base Salary”). Executive’s Base Salary at practices of the Effective Date is $660,000. The amount of Company as may be in effect from time to time, which Annual Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriatefor increase at least annually.

Base Salary. During the Employment Period, the Executive shall receive an a minimum annual gross base salary paid bi-weekly ("Annual Base Salary") equal to $240,000, payable in accordance with the customary payroll as in effect from time to time for senior executives of the Company’s normal payroll procedures (“Base Salary”). The Board, from time to time, shall review the Executive’s 's Annual Base Salary at the Effective Date is $660,000. The amount for possible increases of such Base Salary shall be reviewed annually in relationship to the goals and increased by such amountperformance of the Company, if any, as may be determined prevailing competitive conditions and significant milestones achieved by the Board or its Compensation Committee, as appropriateCompany.

Base Salary. During the Employment Period, Executive shall receive from the Company an annual gross base salary paid bi-weekly (“Annual Base Salary”) at the rate of $335,000.00, with such salary to be adjusted at such times, if any, and in such amounts as recommended by the Chief Executive Officer and approved by the Board or a committee thereof. Executive’s Annual Base Salary shall be subject to annual review by the Chief Executive Officer and the Board during the Employment Term. The Company shall pay the Annual Base Salary to Executive in accordance with the Company’s and RRI’s normal payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriatepolicy.

Base Salary. During the Employment Contract Period, the Executive shall receive an annual gross base salary paid bi-weekly of $375,000 (“Annual Base Salary”). The Annual Base Salary shall be payable in accordance with the Company’s normal regular payroll procedures (“practice for its senior executives, as in effect from time to time, and shall be subject to all applicable withholding requirements. During the Contract Period, the Annual Base Salary”). Salary may be reviewed by the Company for possible increase, and the Executive’s Base Salary at the Effective Date is $660,000. The amount of Annual Base Salary shall not be reviewed annually and increased by decreased after any such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriateincrease.

Base Salary. During the Employment Period, Executive shall receive an initial annual gross base salary in an amount equal to $1,000,000.00, which shall be paid bi-weekly in accordance with the Company’s normal customary payroll procedures practices of the Company (the “Annual Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Annual Base Salary shall be reviewed at least annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committeebut may not be reduced, and in the event of any increase thereof, all references to “Annual Base Salary” as appropriateused in this Agreement shall refer to such increased amount.

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary paid bi-weekly of $200,000 (the “Annual Base Salary”), payable in accordance with the Company’s normal payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000practice for executives as in effect from time to time. The amount of Annual Base Salary shall be reviewed subject to review annually in accordance with the Company’s review policies and increased by practices for executives as in effect at the time of any such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriatereview.

Base Salary. During the Employment Period, the Company shall pay the Executive shall receive an annual gross base salary paid bi-weekly in accordance with the Company’s normal payroll procedures of $400,000 (“"Annual Base Salary”"). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriatepayable in equal installments not less frequently than monthly.

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary paid bi-weekly of $225,000 (the "Annual Base Salary"), payable in accordance with the Company’s 's normal payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000practice for executives as in effect from time to time. The amount of Annual Base Salary shall be reviewed subject to review annually in accordance with the Company's review policies and increased by practices for executives as in effect at the time of any such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriatereview.

Base Salary. During the Employment Period, the Executive shall receive an annual gross rate of base salary paid bi-weekly ("Base Salary") in an amount not less than $543,490. 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 's normal payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amountbusiness practices, if any, as may be determined by the Board or its Compensation Committee, as appropriatebut in no event less frequently than monthly.

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary (the “Annual Base Salary”) at an annual rate at least equal to 12 times the highest monthly base salary paid bior payable, including any base salary that has been earned but deferred, to the Executive by the Company and the Affiliated Companies in respect of the 12-weekly month period immediately preceding the month in accordance with the Company’s normal payroll procedures (“Base Salary”). Executive’s Base Salary at which the Effective Date is $660,000occurs. The amount of Annual Base Salary shall be reviewed annually and increased by paid at such amount, if any, intervals as may be determined by the Board Company or its Compensation Committee, the Bank (as appropriate.applicable)

Base Salary. During the Employment Period, Employer shall pay to Executive shall receive an annual gross base salary paid bi-weekly in accordance with the Company’s normal payroll procedures (“a Base Salary”). Executive’s Base Salary , payable in equal monthly installments at the Effective Date such times during each month as is customary with Employer with respect to its senior executives, at a rate of $660,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriate267,800 per annum.

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary paid bi-weekly in accordance with the Company’s normal payroll procedures (“Annual Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary , which shall be reviewed annually and increased by such amountpaid at a monthly rate, if anyat least equal to 12 times the highest monthly base salary paid or payable, as may be determined including any base salary which has been earned but deferred, to the Executive by the Board or its Compensation Committee, as appropriate.Company

Base Salary. During With respect to each full calendar year during the Employment Period, the Executive shall be entitled to receive an annual gross base salary ("Annual Base Salary") equal to $900,000. Such Annual Base Salary shall be paid bi-weekly in accordance with the Company’s normal 's payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually policies and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriatepractices for executive employees.

Base Salary. During the Employment Contract Period, the Executive shall receive an annual gross base salary paid bi-weekly of $500,000 (“Annual Base Salary”). The Annual Base Salary shall be payable in accordance with the Company’s normal regular payroll procedures (“practice for its senior executives, as in effect from time to time, and shall be subject to all applicable withholding requirements. During the Contract Period, the Annual Base Salary”). Salary may be reviewed by the Board for possible increase, and the Executive’s Base Salary at the Effective Date is $660,000. The amount of Annual Base Salary shall not be reviewed annually and increased by decreased after any such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriateincrease.

Base Salary. During the Employment PeriodTerm, the Executive shall receive an annual gross annualized base salary paid bi-weekly in accordance with (“Annual Base Salary”) of not less than $425,000 payable pursuant to the Company’s normal payroll procedures (“Base Salary”)practices. Executive’s Base Salary at During the Effective Date is $660,000. The amount of Employment Term, the current Annual Base Salary shall be reviewed annually for increase at such time, and increased by such amount, if any, in the same manner as may be determined by the Board or its Compensation Committee, as appropriatesalaries of senior officers of the Company are reviewed generally.

Base Salary. During the Employment Period, Executive shall receive an initial annual gross base salary in an amount equal to $500,000, which shall be paid bi-weekly in accordance with the Company’s normal customary payroll procedures practices of the Company (the “Annual Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Annual Base Salary shall be reviewed at least annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committeebut may not be reduced, and in the event of any increase thereof, all references to “Annual Base Salary” as appropriateused in this Agreement shall refer to such increased amount.

Base Salary. During the Employment Period, Employer shall pay to Executive shall receive an annual gross base salary paid bi-weekly in accordance with the Company’s normal payroll procedures (“Base Salary”). Executive’s Base Salary , payable in equal monthly installments at the Effective Date such times during each month as is customary with Employer with respect to its senior executives, at a rate of $660,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriate250,000 per annum.

Base Salary. During the Employment PeriodTerm of Employment, Executive shall receive an annual gross a base salary paid bi-weekly per annum payable in accordance with the Company’s normal payroll procedures practices as in effect from time to time of $350,000 (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall may be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committeeon an annual basis and shall be subject to adjustment, as appropriatedetermined in the sole discretion of the Board.

Base Salary. During the Employment Period, Executive shall receive an annual gross base salary in an amount equal to no less than Six Hundred and Fifty Thousand Dollars ($650,000), less all applicable withholdings, which shall be paid bi-weekly in accordance with the Company’s normal customary payroll procedures practices of the Company (as in effect from time to time, the “Annual Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Annual Base Salary shall be reviewed annually prorated for partial calendar years of employment and increased by such amount, if any, as may shall be determined subject to annual review by the Board (or a committee thereof), in its Compensation Committee, as appropriatesole discretion.

Base Salary. During the Employment Period, Executive shall receive an annual gross base salary in an amount equal to four hundred thousand dollars ($400,000), which shall be paid bi-weekly in accordance with the Company’s normal customary payroll procedures practices of the Company and prorated for partial calendar years of employment (as in effect from time to time, the “Annual Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriate.

Base Salary. During the Employment Period, the Executive shall receive an annual gross a base salary (the “Base Salary”) of $600,000 per annum. The Base Salary shall be subject to review from time to time by the Board or its delegate in its discretion. The Base Salary shall be paid bi-weekly in accordance with the Company’s normal payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriatepractices.

Base Salary. During the Employment Period, ----------- the Executive shall receive an annual gross base salary ("Annual Base Salary") of not less than $500,000, which shall be paid bi-weekly in accordance with the Company’s 's normal payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary practices and shall be reviewed annually and increased by such amountapply retroactively to May 5, if any, as may be determined by the Board or its Compensation Committee, as appropriate2004.

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary ("Annual Base Salary") at least equal to twelve times the monthly base salary paid bi-weekly in accordance with or payable to the Company’s normal payroll procedures (“Base Salary”)Executive immediately prior to the date hereof. Executive’s Base Salary at During the Effective Date is $660,000. The amount of Employment Period, the Annual Base Salary shall be reviewed for increase at least annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriate.and

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary paid bi-weekly ("Base Salary") equal to $50,000.00 , payable in accordance with the Company’s normal customary payroll procedures (“Base Salary”). Executive’s Base Salary at as in effect from time to time for senior executives of the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriateCompany.

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary ("Annual Base Salary"), which shall be paid at a bi-weekly rate, at least equal to twenty-six times the highest bi-weekly base salary paid bior payable to the Executive by the Corporation, together with any of its affiliated companies, during the twelve-weekly month period immediately preceding the month in accordance with the Company’s normal payroll procedures (“Base Salary”). Executive’s Base Salary at which the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriate.Date

Base Salary. During the Employment Period, the Executive shall receive an annual gross annualized base salary paid bi-weekly in accordance with (“Annual Base Salary”) of not less than $1,200,000, payable pursuant to the Company’s normal payroll procedures (“Base Salary”)practices. Executive’s Base Salary at During the Effective Date is $660,000. The amount of Employment Period, the current Annual Base Salary shall be reviewed annually and increased by for increase only at such amount, if any, time as may be determined by the Board or its Compensation Committee, as appropriatesalaries of senior officers of the Company are reviewed generally; provided that the Executive’s first such review shall occur no earlier than calendar year 2009.

Base Salary. During the Employment Period, Employer shall pay to Executive shall receive an annual gross base salary paid bi-weekly in accordance with the Company’s normal payroll procedures (“a Base Salary”). Executive’s Base Salary , payable in equal monthly installments at the Effective Date such times during each month as is customary with Employer with respect to its senior executives, at a rate of $660,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriate258,750 per annum.

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary paid bi-weekly (“Annual Base Salary”) of no less than $1,000,000. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (the “Compensation Committee”) pursuant to its normal performance review policies for senior executives. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as in effect from time to time. Such Annual Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s normal payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriatepolicies.

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary paid bi-weekly (“Annual Base Salary”) of no less than $4,800,000, which shall be payable in accordance with the Company’s normal payroll procedures (practices of Lazard Group. The term “Base Salary”). Executive’s ” shall refer to the Annual Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if any, as it may be determined by the Board or its Compensation Committee, as appropriateincreased.

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary paid bi-weekly ("Annual Base Salary") of no less than $300,000, payable in accordance with the Company’s normal payroll procedures practices for executives of the Company as in effect from time to time (“Base Salary”but no less frequently than monthly). Executive’s Base Salary at the Effective Date is $660,000. The amount of Such Annual Base Salary shall be reviewed subject to review annually in accordance with the review policies and increased by practices for executives of the Company as in effect at the time of any such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriatereview.

Base Salary. During the Employment Period, Executive shall receive an annual gross a base salary paid bi-weekly in accordance with the Company’s normal payroll procedures (“"Base Salary”"). Executive’s Base Salary , which shall be paid in equal installments on a biweekly basis, at the Effective Date is rate of Three Hundred Fifteen Thousand Dollars ($660,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriate315,000.00) per annum.

Base Salary. During the Employment PeriodTerm, the Executive shall receive an annual gross base salary paid bi-weekly in an amount equal to $500,000 (“Base Salary”). The Base Salary shall be payable in accordance with the Company’s normal payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriatein effect from time to time.

Base Salary. During the Employment Period, the Executive shall receive an annual gross rate of base salary paid bi-weekly ("BASE SALARY") in an amount not less than $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 's normal payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amountbusiness practices, if any, as may be determined by the Board or its Compensation Committee, as appropriatebut in no event less frequently than monthly.

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary paid bi-weekly ("ANNUAL BASE SALARY") of no less than $254,500, payable in accordance with the Company’s normal payroll procedures practices for executives of the Company as in effect from time to time (“Base Salary”but no less frequently than monthly). Executive’s Base Salary at the Effective Date is $660,000. The amount of Such Annual Base Salary shall be reviewed subject to review annually in accordance with the review policies and increased by practices for executives of the Company as in effect at the time of any such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriatereview.

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary ("Annual Base Salary") of Two Hundred Forty Thousand Dollars ($240,000). The Annual Base Salary may be modified from time to time by the Company’s Board of Directors, in its discretion upon recommendation from the CEO. The Annual Base Salary shall be paid bi-weekly in accordance with the Company’s 's normal payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually practices subject only to such payroll and increased withholding deductions as are required by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriatelaw.

Base Salary. During the Employment Period, Executive shall receive an initial annual gross base salary in an amount equal to Two Hundred Thirty Five Thousand Dollars ($235,000), less all applicable withholdings, which shall be paid bi-weekly in accordance with the Company’s normal customary payroll procedures practices of the Company (as in effect from time to time, the “Annual Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Annual Base Salary shall be reviewed annually prorated for partial calendar years of employment and increased by such amount, if any, shall be subject to annual review and possible increase as may be determined by the Board or Board, in its Compensation Committee, as appropriatesole discretion.

Base Salary. During the Employment Period, Executive shall receive an annual gross base salary per calendar year of $190,000 (“Annual Base Salary”), which shall be paid bi-weekly in accordance with the Companycustomary payroll practices of the Company and shall be prorated for the year ending December 31, 2006, and for any other partial year of service. The Company may review and adjust Executive’s normal payroll procedures (“Annual Base Salary”). Executive’s The term Annual Base Salary at the Effective Date is $660,000. The amount of as utilized in this Agreement shall refer to Annual Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriateso adjusted.

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary paid bi-weekly (the "Annual Base Salary") of three hundred seventy five thousand dollars ($375,000), payable in accordance with the regular payroll practices of the Company’s normal payroll procedures (“Base Salary”). Executive’s During the Employment Period, the Annual Base Salary at the Effective Date is $660,000. The amount of Base Salary shall may be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriatefor possible increases.

Base Salary. During the Employment Period, commencing on the Effective Date, the Executive shall receive an annual gross base salary paid bi-weekly ("Base Salary") as determined by the Compensation Committee from time to time. Commencing January 1, 2000, the Executive's Base Salary shall be at a rate of not less than $345,000. The Base Salary shall be payable in accordance with the Company’s normal 's regular payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if anypractice for its senior executives, as may be determined by the Board or its Compensation Committee, as appropriatein effect from time to time.

Base Salary. During the Employment PeriodTerm, the Executive shall receive an annual gross annualized base salary paid bi-weekly in accordance with (“Annual Base Salary”) of not less than $375,000 payable pursuant to the Company’s normal payroll procedures (“Base Salary”)practices. Executive’s Base Salary at During the Effective Date is $660,000. The amount of Employment Term, the current Annual Base Salary shall be reviewed annually for increase at such time, and increased by such amount, if any, in the same manner as may be determined by the Board or its Compensation Committee, as appropriatesalaries of senior officers of the Company are reviewed generally.

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary paid bi-weekly (“Annual Base Salary”) in the gross amount of Three Hundred Twenty Five Thousand dollars ($325,000), payable in accordance with the Company’s normal payroll procedures (“Base Salary”)practices of the Company. Executive’s Base Salary During the Employment Period, at least annually, the Effective Date is $660,000. The amount of Annual Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by increased (but not decreased). After any such increase, the Board or its Compensation Committee, term “Annual Base Salary” shall refer to Annual Base Salary as appropriateso increased.

Base Salary. During the Employment Period, Executive shall receive an annual gross base salary paid bi-weekly salary, payable in monthly or more frequent installments, in accordance with the usual payroll practice of the Company’s normal payroll procedures , in an amount equal to $________ (“the "Base Salary”"). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriate.less income tax withholdings and

Base Salary. During the Employment Period, Executive shall receive an initial annual gross base salary in an amount equal to $1,000,000.00, which shall be paid bi-weekly in accordance with the Company’s normal customary payroll procedures practices of the Company (the “Annual Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Annual Base Salary shall be reviewed at least annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriatebut may not be reduced.

Base Salary. During the Employment Period, the Executive shall continue to receive an annual gross annualized base salary paid bi-weekly in accordance with (“Annual Base Salary”) of $750,000, payable pursuant to the Company’s normal payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriatepractices.

Base Salary. During the Employment Period, Executive shall receive an annual gross base salary (“Annual Base Salary”) of $260,000 paid bi-weekly in accordance with the Company’s normal payroll procedures (“Base Salary”). Executive’s Base Salary at practices of the Effective Date is $660,000. The amount of Company as may be in effect from time to time, which Annual Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriatefor increase at least annually.

Base Salary. During the Employment Period, the Executive shall receive from the Company an annual gross base salary paid bi-weekly in accordance with the Company’s normal payroll procedures (“"Annual Base Salary”)") of $575,000, payable in equal installments at intervals not less frequent than monthly. The Executive’s 's Annual Base Salary at may be increased by the Effective Date is $660,000Board which shall review it annually in January of each year. The amount of Executive's Annual Base Salary shall not be reviewed annually reduced below $575,000, and increased by such amount, if any, the term Annual Base Salary as may be determined by the Board or its Compensation Committee, utilized in this Agreement shall refer to Annual Base Salary as appropriateso increased.

Base Salary. During the Employment Period, Executive shall receive an the Executive's annual gross base salary paid bi-weekly ("Annual Base Salary") shall be payable in accordance with the Company’s normal 's general payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000practices. The amount of Executive's Annual Base Salary shall be reviewed annually and at least $175,000. The Executive's Annual Base Salary (as increased by such amount, if any, as from time to time) may not be determined by decreased during the Board Employment Period. Any increase in Annual Base Salary shall not serve to limit or its Compensation Committee, as appropriatereduce any other obligation of the Company under this Agreement.

Base Salary. During the Employment Period, Executive shall receive an initial annual gross base salary in an amount equal to $475,000, which shall be paid bi-weekly in accordance with the Company’s normal customary payroll procedures practices of the Company (the “Annual Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Annual Base Salary shall be reviewed at least annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriatebut may not be reduced.

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary ("Annual Base Salary") of not less than $300,000, which shall be paid bi-weekly in accordance with the Company’s 's normal payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriatepractices.

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary ("Annual Base Salary") of $360,000.00. The Annual Base Salary shall be revised from time to time. The Annual Base Salary shall be paid bi-weekly in accordance with the Company’s 's normal payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually practices for senior executives subject only to such payroll and increased withholding deductions as are required by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriatelaw.

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary paid bi-weekly of not less than $500,000 (the "Annual Base Salary"). The Annual Base Salary shall be payable in installments in accordance with the Company’s normal 's payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriatepolicies in effect from time to time.

Base Salary. During the Employment Period, ----------- the Executive shall receive an annual gross base salary ("Annual Base Salary") of not less than $275,000, which shall be paid bi-weekly in accordance with the Company’s 's normal payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary practices and shall be reviewed annually and increased by such amountapply retroactively to May 5, if any, as may be determined by the Board or its Compensation Committee, as appropriate2004.

Base Salary. During the Employment Period, commencing on the Effective Date, the Executive shall receive an annual gross base salary paid bi-weekly (“Base Salary”) as determined by the Compensation Committee from time to time. Commencing July 1, 2002, the Executive’s Base Salary shall be at a rate of not less than $375,000. The Base Salary shall be payable in accordance with the Company’s normal regular payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if anypractice for its senior executives, as may be determined by the Board or its Compensation Committee, as appropriatein effect from time to time.

Base Salary. During the Employment Period, Executive shall receive an annual gross base salary (“Annual Base Salary”) of no less than $800,000 per year paid bi-weekly in accordance with the Company’s normal payroll procedures (“Base Salary”). Executive’s Base Salary at practices of the Effective Date is $660,000. The amount of Company as may be in effect from time to time, which Annual Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriatefor increases (but not decreases) at least annually.

Base Salary. During the Employment Period, Executive shall receive an beginning with the 2016 calendar year, the Executive’s annual gross base salary paid bi-weekly (“Annual Base Salary”) shall be $454,363 payable in accordance with the Company’s normal general payroll procedures (“Base Salary”). Executive’s practices; provided, however that for each subsequent calendar year thereafter during the employment period, the Annual Base Salary at the Effective Date is $660,000. The amount of Base Salary shall may be reviewed annually and increased increased, but not decreased, by such amount, if any, amount as may be determined by the Board or its the Compensation Committee, as appropriateCommittee thereof.

Base Salary. During the Employment Period, the Company shall pay the Executive shall receive an annual gross base salary paid bi-weekly (the "Annual Base Salary") in an amount not less than $256,520, payable in accordance with the Company’s normal 's payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if anypractices for management personnel, as may be determined by the Board or its Compensation Committee, as appropriate.in effect from time to time (but not less frequently than

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary paid bi-weekly of not less than $500,000 (the “Annual Base Salary”). The Annual Base Salary shall be payable in installments in accordance with the Company’s normal payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriatepolicies in effect from time to time.

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary (“Annual Base Salary”) of not less than $865,000, which shall be paid bi-weekly in accordance with the Company’s normal payroll procedures (“Base Salary”)practice. Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amountThereafter, if any, as may be determined by the Board or its the Executive Compensation Committee, as appropriateand Development Committee of the Board (“ECDC”) shall review annually Executive’s compensation and may elect to increase his Annual Base Salary.

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary (“Annual Base Salary”) of not less than $315,000, which shall be paid bi-weekly in accordance with the Company’s normal payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriatepractices.

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary paid bi-weekly in accordance with ("ANNUAL BASE SALARY") of no less than 75 percent of the annual base salary provided to the Company’s normal payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000's Chief Executive Officer. The amount of Annual Base Salary shall be reviewed annually and increased by such amountno less frequently than annually, and, if anyincreased, as may be determined by the Board or its Compensation Committee, as appropriateterm "Annual Base Salary" shall refer to such increased amount.

Base Salary. During the Employment Period, The Executive shall receive an annual gross base salary (“Annual Base Salary”), which shall be paid bi-weekly in accordance with the Company’s normal payroll procedures policies for United States (“Base SalaryU.S.”)) based senior executive officers and which will be subject to annual review and possible adjustment by the Company’s Board of Directors. Executive’s The term Annual Base Salary at as utilized in this Agreement shall refer to the Effective Date is $660,000. The amount of Annual Base Salary as in effect from time to time, and shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriate$1,000,000 USD for 2015.

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary paid bi-weekly of $1.1 million, payable in accordance with the Company’s normal regular payroll procedures (“Base Salary”)practices of the Company as in effect from time to time, but not less frequently than monthly. The Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary annual base salary shall be reviewed annually and increased by such amount, if any, as may be determined subject to annual review by the Board (or its Compensation Committeea committee thereof), and may be increased from time to time. Once Base Salary is increased, it may not be decreased. The Executive’s base salary as appropriatedetermined herein from time to time shall constitute “Annual Base Salary” for purposes of this Agreement.

Base Salary. During the Employment Period, Executive shall receive an initial annual gross base salary in an amount equal to $400,000, less all applicable withholdings, which shall be paid bi-weekly in accordance with the Company’s normal customary payroll procedures practices of the Company and prorated for partial calendar years of employment (as in effect from time to time, the “Annual Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Annual Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined subject to annual review by the Board or Board, in its Compensation Committeesole discretion, as appropriatefor possible increase and any such increased Annual Base Salary shall constitute “Annual Base Salary” for purposes of this Agreement.

Base Salary. During the Employment Period, Executive shall receive an annual gross base salary (“Annual Base Salary”) of no less than $348,000 per year paid bi-weekly in accordance with the Company’s normal payroll procedures (“Base Salary”). Executive’s Base Salary at practices of the Effective Date is $660,000. The amount of Company as may be in effect from time to time, which Annual Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriatefor increase at least annually.

Base Salary. During Commencing on the Effective Date and during the Employment Period, the Executive shall receive will be paid an annual gross base salary paid bi-weekly of $400,000., subject to adjustment as provided below (the "Salary"), which will be payable in accordance with equal periodic installments according to the Company’s normal Employer's customary payroll procedures (“Base Salary”)practices, but no less frequently than Exhibit 10.48 - Pg. Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriate.3

Base Salary. During the Employment Period, the Executive shall receive a base salary at an annual gross base salary paid bi-weekly rate of at least $250,000 payable in accordance with the Company’s normal Corporation's standard payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amountpolicy, if any, as may with any increase thereto to be determined by the Compensation Committee of the Board or its Compensation Committee, as appropriateof Directors from time to time.

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary ("Annual Base Salary"), payable monthly, at least equal to the annual base salary paid bi-weekly or payable, including any base salary which has been earned but deferred, to the Executive by PanEnergy in accordance with the Company’s normal payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriate.respect

Base Salary. During the Employment Period, the Executive ----------- shall receive an annual gross base salary paid bi-weekly in accordance with the Company’s normal payroll procedures (“"Annual Base Salary”). Executive’s Base Salary at the Effective Date is ") of $660,000175,000 payable in cash. The amount of Annual Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriatepaid no less frequently than in equal monthly installments.

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary paid bi-weekly (“Base Salary”) of no less than $735,000, payable in accordance with the Company’s normal regular payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000practices. The amount of Base Salary shall be reviewed annually and increased by such amountperiodically, and, if anyadjusted (but not below $735,000), as may be determined by the Board or its Compensation Committee, as appropriateterm “Base Salary” shall refer to such adjusted amount.

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary ("Annual Base Salary") of $375,000. The Annual Base Salary shall be paid bi-weekly in accordance with the Company’s 's normal payroll procedures (“Base Salary”)practices. Executive’s Base Salary at During the Effective Date is $660,000. The amount of Employment Period, the Annual Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined (for purposes of increases only) by the Board of Directors from time to time as they determine. Any increase in Annual Base Salary shall not serve to limit or its Compensation Committee, as appropriatereduce any other obligation to the Executive under this Agreement.

Base Salary. During the Employment Period, the Executive shall receive an annual gross a base salary paid bi-weekly (such base salary, as it may be increased from time to time hereunder, the “Annual Base Salary”) at the annual rate of no less than $450,000. The Annual Base Salary shall be payable in accordance with the Company’s normal payroll procedures (“Base Salary”)practices as in effect from time to time, subject to applicable taxes and withholding. Executive’s Base Salary at During the Effective Date is $660,000. The amount of Employment Period, the Annual Base Salary shall be reviewed for possible merit increases at least annually and increased by such amount, if any, as may but shall not be determined by reduced during the Board or its Compensation Committee, as appropriateEmployment Period.

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary of $900,000, which shall be paid bi-weekly in accordance with the Company’s normal payroll procedures (policies for senior executive officers of the Company. The annual base salary shall be subject to annual review by the Compensation Committee for fiscal years commencing in 2016 and thereafter, but shall not be decreased below $900,000. The annual base salary as in effect from time to time during the Employment Period, is referred to herein as “Annual Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriate.

Base Salary. During the Employment Period, the Executive shall receive an annual gross base salary (“Annual Base Salary”) of Three Hundred Fifty Thousand Dollars ($350,000). The Annual Base Salary may be increased from time to time by the Company’s Board of Directors, in its discretion. The Annual Base Salary shall be paid bi-weekly in accordance with the Company’s normal payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually practices for senior executives’ subject only to such payroll and increased withholding deductions as are required by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriatelaw.

Base Salary. During the Employment Period, the Executive shall receive from the Company an annual gross base salary paid bi-weekly in accordance with the Company’s normal payroll procedures (“"Annual Base Salary”)") of $360,000, payable in equal installments at intervals not less frequent than monthly. The Executive’s 's Annual Base Salary at may be increased by the Effective Date is $660,000Board which shall review it annually in January of each year. The amount of Executive's Annual Base Salary shall not be reviewed annually reduced below $360,000, and increased by such amount, if any, the term Annual Base Salary as may be determined by the Board or its Compensation Committee, utilized in this Agreement shall refer to Annual Base Salary as appropriateso increased.

Base Salary. During the Employment Period, the Executive shall receive a base salary ("Base Salary") at an annual gross base salary paid bi-weekly in accordance with rate at least equal to the Company’s normal payroll procedures (“Base Salary”). Executive’s Base Salary at the following amounts: PERIOD BASE SALARY ------ ----------- Effective Date is Time to December 31, 2000 $660,000. The amount of Base Salary shall be reviewed annually and increased by such amount270,000 January 1, if any2001 to December 31, as may be determined by the Board or its Compensation Committee2001 $300,000 January 1, as appropriate.2002 to December 31, 2002 $330,000 January 1, 2003 to December 31, 2003 $360,000

Base Salary. During the Employment Period, the Executive shall receive an annual gross a base salary paid bi-weekly in accordance with at a monthly rate at least. equal to the Company’s normal payroll procedures (“Base Salary”). Executive’s Base Salary at the Effective Date is $660,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board or its Compensation Committee, as appropriate.monthly