Common use of Basic Salary Clause in Contracts

Basic Salary. The Company shall pay Employee, as compensation for all of the services to be rendered hereunder by him during the Term, a salary of one hundred fifty thousand dollars ($150,000) per year (the "Basic Salary"), payable in accordance with the regular payroll practices of the Company for executives, less such deductions oi- amounts as are required to be deducted or withheld by applicable laws or regulations and less such other deductions or amounts, if any, as are authorized by Employee. Such Basic Salary may be increased, but not decreased, from time to time in the sole discretion of the Board of Directors.

Basic Salary. The Company shall pay Employee, as compensation for all of the services to be rendered hereunder by him during the Term, Term a salary of one hundred fifty ninety-nine thousand dollars ($150,000199,000) per year (the "Basic Salary"), payable in accordance with the regular payroll practices of the Company for executives, less such deductions oi- or amounts as are required to be deducted or withheld by applicable laws or regulations and less such other deductions or amounts, if any, as are authorized by Employee. Such Basic Salary may be increased, increased but not decreased, from time to time in the sole discretion of the Board of Directors.