Common use of COMPENSATION AND DUTIES Clause in Contracts

COMPENSATION AND DUTIES. 1. BASE SALARY. For the period beginning on the Commencement Date through March 31, 2005, the base salary payable to the Employee shall be at the rate of $300,000 per year, payable on the Company’s normal payroll dates.

COMPENSATION AND DUTIES. 1. BASE SALARY. For the period beginning on the Commencement Date through March 31May 2, 2005, the base salary payable to the Employee shall be at the rate of $300,000 260,000 per year, payable on the Company’s normal payroll dates.