COLA. All monetary compensation hereunder shall be reviewed by the Board of Directors for inflation on a yearly basis or more frequently if inflation is at an abnormally high level. If the Consumer Price Index (“CPI”), as published by the United States Government, rises significantly, the Board of Directors will reevaluate compensation and, if feasible given the financial condition of the Company, upwardly adjust compensation hereunder.
Appears in 5 contracts
Samples: Employment Agreement (Torchlight Energy Resources Inc), Employment Agreement (Torchlight Energy Resources Inc), Employment Agreement (Torchlight Energy Resources Inc)
COLA. All monetary compensation hereunder shall be reviewed by the Board of Directors for inflation on a yearly basis or more frequently if inflation is at an abnormally high level. If the Consumer Price Index (“CPI”), as published by the United States Government, rises significantly, the Board of Directors will reevaluate compensation and, if feasible given the financial condition of the Company, upwardly adjust compensation hereunder.. Employment Agreement 2
Appears in 2 contracts
Samples: Employment Agreement (Torchlight Energy Resources Inc), Employment Agreement (Torchlight Energy Resources Inc)
