Common use of Compensation and Expense Reimbursement Clause in Contracts

Compensation and Expense Reimbursement. A. As base compensation for Employee duly rendering his services pursuant to the terms of this Agreement, Company agrees to pay and Employee agrees to accept a base salary of Ninety Thousand Dollars ($90,000) per annum payable in equal installments, twice monthly, less such deductions or amounts as shall be required to be withheld by applicable law or regulation, and paid in accordance with the Company's payroll practices. Such base salary shall be subject to increase by the Board of Directors upon annual review. Employee shall be eligible for bonus payments in accordance with the Bonus Plan as approved by the Board of Directors. B. Company shall pay or reimburse Employee for travel and other expenses reasonably incurred by Employee in the performance of his services under this Agreement during the Employment Period, upon presentation of expense statements, vouchers or such other supporting documentation as may reasonably be required.

Compensation and Expense Reimbursement. A. As base compensation for Employee duly rendering his services pursuant to the terms of this Agreement, Company agrees to pay and Employee agrees to accept a base salary of Ninety One Hundred Twenty-five Thousand Dollars ($90,000125,000) per annum payable in equal bi-weekly installments, twice monthly, less such deductions or amounts as shall be required to be withheld by applicable law or regulation, and paid in accordance with the Company's payroll practices. Such base salary shall be subject to increase by the Board of Directors upon annual review. Employee shall be eligible for bonus payments in accordance with the Bonus Plan as approved by the Board of Directors. B. Company shall pay or reimburse Employee for travel and other expenses reasonably incurred by Employee in the performance of his services under this Agreement during the Employment Period, upon presentation of expense statements, vouchers or such other supporting documentation as may reasonably be required.

Compensation and Expense Reimbursement. A. As base compensation for Employee duly rendering his services pursuant to the terms of this Agreement, Company agrees to pay and Employee agrees to accept a base salary of Ninety Ninety-Six Thousand Dollars ($90,00096,000) per annum payable in equal installments, twice monthly, less such deductions or amounts as shall be required to be withheld by applicable law or regulation, and paid in accordance with the Company's payroll practices. Such base salary shall be subject to increase by the Board of Directors upon annual review. Employee shall be eligible for bonus payments in accordance with the Bonus Plan as approved by the Board of Directors. B. Company shall pay or reimburse Employee for travel and other expenses reasonably incurred by Employee in the performance of his services under this Agreement during the Employment Period, upon presentation of expense statements, vouchers or such other supporting documentation as may reasonably be required.