Compensation and General Benefits. In consideration of the Executive foregoing other business opportunities and agreeing to stay on with the Corporation and WGI to perform the services described in this Agreement, the Executive shall be compensated as follows: (a) For the remainder of the Employment Period the Corporation shall pay the Executive a base salary of four hundred seven thousand five hundred fifty dollars ($407,550 ) per year. The Executive will be eligible for increases in such base salary based on merit and commensurate with increases made in the base salary of other executive officers. Such salary shall be payable in periodic equal installments pursuant to the Corporation’s executive payroll system. (b) Throughout the Employment Period, the Executive shall be entitled to participate in such retirement, bonus, disability, life, sickness, accident, dental, medical and health benefits and other employee benefit programs, plans and arrangements of the Corporation which are in effect immediately prior to the date of this Agreement, and in any successor or additional employee benefit programs, plans or arrangements which may be established by the Corporation, as and to the extent any such employee benefit programs, plans and arrangements are or may from time to time be in effect.
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Compensation and General Benefits. In consideration of the Executive foregoing other business opportunities and agreeing to stay on with the Corporation and WGI to perform the services described in this Agreement, the Executive shall be compensated as follows:
(a) For the remainder of the Employment Period Beginning January 20, 2006 through December 31, 2006, the Corporation shall pay the Executive a base salary of four hundred seven thousand five hundred fifty thousand dollars ($407,550 500,000) per year. The Executive will be eligible for increases in such Such base salary based on merit shall increase to $600,000 for the period January 1, 2007 through December 31, 2007, and commensurate with increases made in to $700,000 for each calendar year beginning after December 31, 2007 through the base salary end of other executive officersthe Employment Period. Such salary shall be payable in periodic equal installments pursuant to the Corporation’s executive payroll system.
(b) Throughout the Employment Period, the Executive shall be entitled to participate in such retirement, bonus, disability, life, sickness, accident, dental, medical and health benefits and other employee benefit programs, plans and arrangements of the Corporation which are in effect immediately prior to the date of this Agreement, and in any successor or additional employee benefit programs, plans or arrangements which may be established by the Corporation, as and to the extent any such employee benefit programs, plans and arrangements are or may from time to time be in effect.
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Compensation and General Benefits. In consideration of the Executive foregoing other business opportunities and agreeing to stay on with the Corporation and WGI to perform the services described in this Agreement, the Executive shall be compensated as follows:
(a) For the remainder of Beginning November 1, 2006, throughout the Employment Period the Corporation shall pay the Executive a base salary of four three hundred seven seventy five thousand five hundred fifty dollars ($407,550 375,000) per year. The Executive will be eligible for increases in such base salary during the Employment Period based on merit and commensurate with increases made in the base salary of other executive officers. Such salary shall be payable in periodic equal installments pursuant to the Corporation’s executive payroll system.
(b) Throughout the Employment Period, the Executive shall be entitled to participate in such retirement, bonus, disability, life, sickness, accident, dental, medical and health benefits and other employee benefit programs, plans and arrangements of the Corporation which are in effect immediately prior to the date of this Agreement, and in any successor or additional employee benefit programs, plans or arrangements which may be established by the Corporation, as and to the extent any such employee benefit programs, plans and arrangements are or may from time to time be in effect.
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Compensation and General Benefits. In consideration of the Executive foregoing other business opportunities and agreeing to stay on with the Corporation and WGI to perform the services described in this Agreement, the Executive shall be compensated as follows:
(a) For the remainder of Beginning August 28, 2006, throughout the Employment Period Period, the Corporation shall pay the Executive a base salary of four hundred seven thousand five three hundred fifty thousand dollars ($407,550 350,000) per year. The Executive will be eligible for increases in such base salary during the Employment Period based on merit and commensurate with increases made in the base salary of other executive officers. Such salary shall be payable in periodic equal installments pursuant to the Corporation’s executive payroll system.
(b) Throughout the Employment Period, the Executive shall be entitled to participate in such retirement, bonus, disability, life, sickness, accident, dental, medical and health benefits and other employee benefit programs, plans and arrangements of the Corporation which are in effect immediately prior to the date of this Agreement, and in any successor or additional employee benefit programs, plans or arrangements which may be established by the Corporation, as and to the extent any such employee benefit programs, plans and arrangements are or may from time to time be in effect.
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