Common use of Basic Compensation Clause in Contracts

Basic Compensation. (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

Basic Compensation. (aA) SALARY. The Executive will shall be paid an annual base salary of $115,000.00230,000.00, subject to an adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to the Employer's customary payroll practices, but no not less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, annually and shall may be increased on each anniversary adjusted upward or downward in the sole discretion of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) Board of the prior year's base salaryDirectors.

Basic Compensation. (a) SALARY. The Executive will be paid an annual base salary of $115,000.00150,000.00, subject to adjustment as provided below (the "SalarySALARY"), which will be payable in equal periodic installments according to the Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall may be increased on each anniversary adjusted upward or downward in the sole discretion of the Effective Date during Board of Directors, but in no event will the term hereof by an amount equal to not Salary be less than ten percent (10%) of the prior $150,000.00 per year's base salary.

Basic Compensation. (a) SALARYSalary. The Executive will be paid an annual base salary of $115,000.00120,00.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to the Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall may adjusted upward in the sole discretion of the Board of Directors, but in no event will the Salary be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary5% per year as long as Employer has positive net income from operations.

Basic Compensation. (a) SALARY. The Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below 250,000 (the "Salary"), which will be payable in equal periodic installments according to the Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

Basic Compensation. (a) SALARY. The Executive will be paid an annual base salary of $115,000.00120,000, subject to adjustment as provided below (the "Salary"), which will be payable in ------ equal periodic installments according to the Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors or Chief Executive Officer not less frequently than annually, and shall may be increased on each anniversary adjusted upward or downward in the sole discretion of the Effective Date during Board of Directors or Chief Executive Officer, but in no event will the term hereof by an amount equal to not Salary be less than ten percent (10%) of the prior $120,000 per year's base salary.

Basic Compensation. (a) SALARY. Executive will be paid an a minimum annual base salary of $115,000.00155,000 until a Significant Event occurs, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. Effective immediately after a Significant Event Executive's minimum annual base salary will increase to $225,000. The Salary will be reviewed by the Board of Directors for potential increases not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salaryannually thereafter.

Basic Compensation. (a) SALARYSalary. The Executive will be paid an annual base salary of $115,000.00180,00.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to the Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall may be adjusted upward in the sole discretion of the Board of Directors, but in no event will the Salary be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary5% per year as long as Employer has positive net income from operations.

Basic Compensation. (a) SALARYSalary. Executive will be paid an annual base salary of $115,000.00, 49,920 subject to adjustment as provided below (the "“Salary"”), which will be payable in equal periodic installments according to Employer's Employer ‘s customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

Basic Compensation. (a) SALARY. The Executive will be paid an annual base salary of $115,000.0090,000, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to the Employer's customary payroll practices, but no less frequently than monthlyevery two weeks. The Salary will Executive's base salary shall increase annually by an amount to be reviewed by determined in the sole discretion of the Board of Directors not less frequently than annually, and shall be increased based on each anniversary the Board's review of the Effective Date during Executive's performance and the term hereof by an amount equal to not less than ten percent (10%) financial performance of the prior year's base salaryEmployer.

Basic Compensation. (aA) SALARYSalary. Executive will shall be paid an annual base salary of One Hundred Ten Thousand Dollars ($115,000.00110,000), subject to adjustment as provided below (the "“Salary"”), which will be payable in equal periodic installments according to Employer's ’s customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall may be increased on each anniversary adjusted upward in the sole discretion of the Effective Date during Board of Directors, but in no event will the term hereof by an amount equal to not Salary be less than ten percent One Hundred Ten Thousand Dollars (10%) of the prior year's base salary$110,000).

Basic Compensation. (a) SALARY. The Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below 500,000 (the "SalarySALARY"), which will be payable in equal periodic installments according to the Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

Basic Compensation. (aA) SALARYSalary. The Executive will be paid an annual base salary of $115,000.0090,000.00, for the first year and $100,000 for the second year, subject to adjustment as provided below (the "Base Salary"), which will be payable in equal periodic installments according to Employerthe Company's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not no less frequently than annually, and shall may be increased on each anniversary adjusted upward in the sole discretion of the Effective Date during Board of Directors, but in no event will the term hereof by an amount equal to not Salary be less than ten percent (10%) of the prior $90,000.00 per year's base salary.

Basic Compensation. (a) SALARY. The Executive will be paid an annual base salary of $115,000.00172,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to the Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors of the Employer not less frequently than annually, annually and shall may be increased on each anniversary adjusted upward (but not downward) in the sole discretion of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) Board of the prior year's base salaryDirectors.

Basic Compensation. (a) SALARY. The Executive will be paid an annual base salary of $115,000.00150,000, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to the Employer's customary payroll practices, but no less frequently than monthly. The Salary will Executive's base salary shall increase annually by an amount to be reviewed by determined in the sole discretion of the Board of Directors not less frequently than annually, and shall be increased based on each anniversary the Board's review of the Effective Date during Executive's performance and the term hereof by an amount equal to not less than ten percent (10%) financial performance of the prior year's base salaryEmployer.

Basic Compensation. (aA) SALARYSalary. The Executive will be paid an annual base salary of $115,000.00$ , subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to the Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors [or Chief Executive Officer] not less frequently than annually, and shall may be increased on each anniversary adjusted upward or downward in the sole discretion of the Effective Date during Board of Directors [or Chief Executive Officer], but in no event will the term hereof by an amount equal to not Salary be less than ten percent (10%) of the prior $ per year's base salary.

Basic Compensation. (a) SALARY. The Executive will be paid an annual base salary of $115,000.00144,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to the Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall may be increased on each anniversary adjusted upward in the sole discretion of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) Board of the prior year's base salaryDirectors.

Basic Compensation. (a) SALARY. The Executive will be paid an annual base salary of $115,000.00120,000.00, subject to adjustment as provided below (the "SalarySALARY"), which will be payable in equal periodic installments according to the Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall may be increased on each anniversary adjusted upward or downward in the sole discretion of the Effective Date during Board of Directors, but in no event will the term hereof by an amount equal to not Salary be less than ten percent (10%) of the prior $120,000.00 per year's base salary.

Basic Compensation. (a) SALARY. The Executive will be paid an annual base salary of $115,000.00200,000, subject to adjustment as provided below (the "Salary"), which will be payable in ------ equal periodic installments according to the Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall may be increased on each anniversary adjusted upward or downward in the sole discretion of the Effective Date during Board of Directors, but in no event will the term hereof by an amount equal to not Salary be less than ten percent (10%) of the prior $200,000 per year's base salary.

Basic Compensation. (a) SALARY. The Executive will be paid an annual base salary of $115,000.00156,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to the Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors of the Employer not less frequently than annually, annually and shall may be increased on each anniversary adjusted upward (but not downward) in the sole discretion of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) Board of the prior year's base salaryDirectors.

Basic Compensation. (a) SALARY. The Executive will be paid an annual base salary of $115,000.00140,000, subject to adjustment as provided below (the "Salary"), which will be payable in ------ equal periodic installments according to the Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors or Chief Executive Officer not less frequently than annually, and shall may be increased on each anniversary adjusted upward or downward in the sole discretion of the Effective Date during Board of Directors or Chief Executive Officer, but in no event will the term hereof by an amount equal to not Salary be less than ten percent (10%) of the prior $140,000 per year's base salary.

Basic Compensation. (a) SALARY. The Executive will be paid an annual base salary of $115,000.00180,000.00, subject to adjustment as provided below (the "SalarySALARY"), which will be payable in equal periodic installments according to the Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall may be increased on each anniversary adjusted upward or downward in the sole discretion of the Effective Date during Board of Directors, but in no event will the term hereof by an amount equal to not Salary be less than ten percent (10%) of the prior $180,000.00 per year's base salary.

Basic Compensation. (a) SALARY. Executive will be paid an annual base salary of $115,000.00250,000, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary and Benefits (i.e. Basic Compensation), and Bonus Compensation will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

Basic Compensation. (a) SALARY. The Executive will be paid an annual base salary of $115,000.00135,000.00, subject to adjustment as provided below (the "SalarySALARY"), which will be payable in equal periodic installments according to the Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall may be increased on each anniversary adjusted upward or downward in the sole discretion of the Effective Date during Board of Directors, but in no event will the term hereof by an amount equal to not Salary be less than ten percent (10%) of the prior $135,000.00 per year's base salary.

Basic Compensation. (a) SALARY. The Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below 144,000.00 (the "Salary"), which will be payable in equal periodic installments according to the Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors Management Committee not less frequently than annually, and shall may be increased on each anniversary adjusted upward in the sole discretion of the Effective Date during Management Committee, but in no event will the term hereof by an amount equal to not Salary be less than ten percent (10%) of the prior $144,000.00 per year's base salary.

Basic Compensation. (a) SALARY. The Executive will be paid an annual base salary of $115,000.00125,000, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to the Employer's customary payroll practices, but no less frequently than monthly. The Salary will Executive's base salary shall increase annually by an amount to be reviewed by determined in the sole discretion of the Board of Directors not less frequently than annually, and shall be increased based on each anniversary the Board's review of the Effective Date during Executive's performance and the term hereof by an amount equal to not less than ten percent (10%) financial performance of the prior year's base salaryEmployer.

Basic Compensation. (a) SALARY. The Executive will be paid an annual base salary of $115,000.00150,000, subject to adjustment as provided below (the "Salary"), which will be accrued until company has raised capital then will be payable in equal periodic installments according to the Employer's customary payroll practices, but no less frequently than monthly. The Salary will Executive's base salary shall increase annually by an amount to be reviewed by determined in the sole discretion of the Board of Directors not less frequently than annually, and shall be increased based on each anniversary the Board's review of the Effective Date during Executive's performance and the term hereof by an amount equal to not less than ten percent (10%) financial performance of the prior year's base salaryEmployer.

Basic Compensation. (aA) SALARYSalary. Executive will shall be paid an annual base salary of One Hundred Twenty Thousand Dollars ($115,000.00120,000), subject to adjustment as provided below (the "“Salary"”), which will be payable in equal periodic installments according to Employer's ’s customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall may be increased on each anniversary adjusted upward in the sole discretion of the Effective Date during Board of Directors, but in no event will the term hereof by an amount equal to not Salary be less than ten percent One Hundred Twenty Thousand Dollars (10%) of the prior year's base salary$120,000).

Basic Compensation. (a) SALARYSalary. The Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below 192,000.00 for Employment Year 1; $197,760.00 for Employment Year 2 and $203,693.00 for Employment Year 3 (the "Salary"), which will be payable in equal periodic installments according to the Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof subject to all applicable withholding and other applicable taxes as required by an amount equal to not less than ten percent (10%) of the prior year's base salarylaw.

Basic Compensation. (a) SALARY. The Executive will be paid an annual base salary of $115,000.00175,000.00, subject to adjustment as provided below (the "SalarySALARY"), which will be payable in equal periodic installments according to the Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall may be increased on each anniversary adjusted upward or downward in the sole discretion of the Effective Date during Board of Directors, but in no event will the term hereof by an amount equal to not Salary be less than ten percent (10%) of the prior $175,000.00 per year's base salary.

Basic Compensation. (a) SALARY. The Executive will be paid an annual base salary of $115,000.00120,000.00, subject to adjustment as provided below (the "SalarySALARY"), which will be payable in equal periodic installments according to the Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall may be increased on each anniversary adjusted upward or downward in the sole discretion of the Effective Date during Board of Directors, but in no event will the term hereof by an amount equal to not Salary be less than ten percent $120,000.00 per year. (10%) of the prior year's base salary.b)

Basic Compensation. (a) SALARY. The Executive will be paid an annual base salary of $115,000.00100,000, subject to adjustment as provided below (the "Salary"), which will be accrued until company has raised capital then will be payable in equal periodic installments according to the Employer's customary payroll practices, but no less frequently than monthly. The Salary will Executive=s base salary shall increase annually by an amount to be reviewed by determined in the sole discretion of the Board of Directors not less frequently than annually, and shall be increased based on each anniversary the Board=s review of the Effective Date during Executive=s performance and the term hereof by an amount equal to not less than ten percent (10%) financial performance of the prior year's base salaryEmployer.

Basic Compensation. (a) SALARY. The Executive will be paid an annual base salary of $115,000.0060,000, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to the Employer's customary payroll practices, but no less frequently than monthly. The Salary will Executive's base salary shall increase annually by an amount to be reviewed by determined in the sole discretion of the Board of Directors not less frequently than annually, and shall be increased based on each anniversary the Board's review of the Effective Date during Executive's performance and the term hereof by an amount equal to not less than ten percent (10%) financial performance of the prior year's base salaryEmployer.

Basic Compensation. (a) SALARYSalary. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

Basic Compensation. (aA) SALARY. The Executive will shall be paid an annual base salary of $115,000.00400,000.00, subject to an adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to the Employer's customary payroll practices, but no not less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, annually and shall may be increased on each anniversary adjusted upward or downward in the sole discretion of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) Board of the prior year's base salaryDirectors.

Basic Compensation. (a) SALARYSalary. The Executive will be paid an annual base salary of $115,000.00120,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to the Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall may be adjusted upward in the sole discretion of the Board of Directors, but in no event will the Salary be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary5% per year as long as Employer has positive net income from operations.

Basic Compensation. (a) SALARY. The Executive will be paid an annual base salary of $115,000.00200,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to the Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors or Chief Executive Officer not less frequently than annually, and shall may be increased on each anniversary adjusted upward in the sole discretion of the Effective Date during Board of Directors or Chief Executive Officer, but in no event will the term hereof by an amount equal to not Salary be less than ten percent (10%) of the prior $200,000.00 per year's base salary.

Basic Compensation. (a) SALARY. Executive will be paid an a minimum annual base salary of $115,000.00155,000 until a Significant Event occurs, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. Effective immediately after a Significant Event Executive's minimum annual base salary will increase to $200,000. The Salary will be reviewed by the Board of Directors for potential increases not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salaryannually thereafter.

Basic Compensation. (a) SALARY. The Executive will be paid an annual base salary of $115,000.00180,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to the Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors or Chief Executive Officer not less frequently than annually, and shall may be increased on each anniversary adjusted upward in the sole discretion of the Effective Date during Board of Directors or Chief Executive Officer, but in no event will the term hereof by an amount equal to not Salary be less than ten percent (10%) of the prior $180,000.00 per year's base salary.

Basic Compensation. (a) SALARY. The Executive will be paid an annual base salary of $115,000.00108,000.00, subject to adjustment as provided below (the "SalarySALARY"), which will be payable in equal periodic installments according to the Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall may be increased on each anniversary adjusted upward or downward in the sole discretion of the Effective Date during Board of Directors, but in no event will the term hereof by an amount equal to not Salary be less than ten percent (10%) of the prior $108,000.00 per year's base salary.

Basic Compensation. (a) SALARYSalary. The Executive will be paid an annual base salary of $115,000.00200,000 (the "Salary"), subject to adjustment as provided below (the "Salary")below, which will be payable in equal periodic installments according to the Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall may be increased on each anniversary adjusted upward in the sole discretion of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) Board of the prior year's base salaryDirectors.

Basic Compensation. (a) SALARY. The Executive will be paid an annual base salary of $115,000.00100,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to the Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors or the Chief Executive Officer of the Employer not less frequently than annually, annually and shall may be increased on each anniversary adjusted upward (but not downward) in the sole discretion of the Effective Date during Board of Directors or the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salaryChief Executive Officer.

Basic Compensation. (a) SALARY. The Executive will be paid an annual base salary of $115,000.00100,000, subject to adjustment as provided below (the "Salary"), . $45,000.00 of which will be accrued until company has raised capital then will be payable in equal periodic installments according to the Employer's customary payroll practices, but no less frequently than monthly. The Salary will Executive's base salary shall increase annually by an amount to be reviewed by determined in the sole discretion of the Board of Directors not less frequently than annually, and shall be increased based on each anniversary the Board's review of the Effective Date during Executive's performance and the term hereof by an amount equal to not less than ten percent (10%) financial performance of the prior year's base salaryEmployer.