Common use of Benefits Review Clause in Contracts

Benefits Review. Prior to the end of each fiscal year of the Company, the Board of Directors of the Company shall review Employee's salary and benefits payable hereunder. Any increases in salary or changes in fringe benefits determined by the Board of Directors of the Company at such annual review shall become effective the following month unless otherwise determined by the Company. Employee understands and acknowledges that the opportunity of an annual salary and benefit review by the Board shall not be construed in any manner as an express or implied agreement by the Company to raise or increase his salary or benefits.

Benefits Review. Prior to the end of each fiscal year of the Company, the Board of Directors of the Company shall review Employee's salary and benefits payable hereunder. Any increases in salary or changes in fringe benefits determined by the Board of Directors of the Company at such annual review shall become effective the following month unless otherwise determined by the Company. Employee understands and acknowledges that the opportunity of an annual salary and benefit review by the Board shall not be construed in any manner as an express or implied agreement by the Company to raise or increase his salary or benefits.

Benefits Review. Prior to the end of each fiscal year of the Company, the Board of Directors of the Company shall review Employee's salary and benefits payable hereunder. Any increases in salary or changes in fringe benefits determined by the Board of Directors of the Company at such annual review shall become effective the following month unless otherwise determined by the Company. Employee understands and acknowledges that the opportunity of an annual salary and benefit review by the Board shall not be construed in any manner as an express or implied agreement by the Company to raise or increase his her salary or benefits.