Common use of Change in Base Salary Clause in Contracts

Change in Base Salary. The annual base salary of Executive specified in Section 4(a) of the Agreement is hereby amended to be $295,000. The second sentence of Section 4(a) is deleted and replaced with the following: "The base salary shall be reviewed by the Board annually and shall be increased by at least 5% each year, as determined by the Board."

Appears in 1 contract

Samples: Employment Agreement (Cirtran Corp)

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Change in Base Salary. The annual base salary of Executive specified in Section 4(a) of the Agreement is hereby amended to be $295,000140,000. The second sentence of Section 4(a) is deleted and replaced with the following: "The base salary shall be reviewed by the Board annually and shall be increased by at least 5% each year, as determined by the Board."

Appears in 1 contract

Samples: Employment Agreement (Cirtran Corp)

Change in Base Salary. The annual base salary of Executive specified in Section 4(a) of the Agreement is hereby amended to be $295,000200,000. The second sentence of Section 4(a) is deleted and replaced with the following: "The base salary shall be reviewed by the Board annually and shall be increased by at least 5% each year, as determined by the Board."

Appears in 1 contract

Samples: Employment Agreement (Cirtran Corp)

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Change in Base Salary. The annual base salary of Executive specified in Section 4(a) of the Agreement is hereby amended to be $295,000210,000. The second sentence of Section 4(a) is deleted and replaced with the following: "The base salary shall be reviewed by the Board annually and shall be increased by at least 5% each year, as determined by the Board."

Appears in 1 contract

Samples: Employment Agreement (Cirtran Corp)

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