Common use of Compensation and Other Employee Benefits Clause in Contracts

Compensation and Other Employee Benefits. As compensation for the Employee's services hereunder, the Company will: (a) pay to the Employee an annual base salary (the "Base Salary"), subject to such withholdings or other deductions as may be required by applicable laws or regulations, equal to his base salary currently paid by the Company on the date of this Agreement, in accordance with the then current payroll policies of the Company; and (b) afford the Employee the right to be eligible to participate in Company employee benefit plans available to all employees generally or, if applicable, to all officers generally, in a manner consistent with the participation of such other employees or, if applicable, officers, in accordance with the terms of such plans; provided, however, that the Company shall not be obligated to institute, maintain, or refrain from changing, amending, or discontinuing, any such employee benefit plans; and (c) subject to the requirements of the business expense reimbursement policies and procedures of the Company as in effect from time to time, including without limitation, the requirement of written documentation of expenses, and subject to Section 19 of this Agreement, reimburse the Employee for the reasonable out-of-pocket expenses he incurs in the course of performing his duties hereunder; and (d) provide the Employee with paid vacation in accordance with then current Company policy, and any unused vacation shall be subject to the terms of the Company’s then-current vacation policy, or if applicable, any vacation amount set forth in a written letter agreement between the Employee and the Company.

Compensation and Other Employee Benefits. As compensation for the Employee's ’s services hereunder, the Company will: (a) pay to the Employee an annual base salary (the "“Base Salary"”), subject to such withholdings or other deductions as may be required by applicable laws or regulations, equal to his base salary currently paid by the Company on the date of this Agreement, three hundred and twenty five thousand dollars ($325,000) in accordance with the then current payroll policies of the Company; and (b) afford the Employee the right to be eligible to participate in Company employee benefit plans available to all employees generally or, if applicable, to all officers generally, in a manner consistent with the participation of such other employees or, if applicable, officers, in accordance with the terms of such plans; provided, however, that the Company shall not be obligated to institute, maintain, or refrain from changing, amending, or discontinuing, any such employee benefit plans; and (c) subject to the requirements of the business expense reimbursement policies and procedures of the Company as in effect from time to time, including without limitation, the requirement of written documentation of expenses, and subject to Section 19 of this Agreement, reimburse the Employee for the reasonable out-of-pocket expenses he incurs in the course of performing his duties hereunder; and (d) provide the Employee with paid vacation in accordance with then current Company policy, and any unused vacation shall be subject to the terms of the Company’s then-current vacation policy, or if applicable, any vacation amount set forth in a written letter agreement between the Employee and the Company.

Compensation and Other Employee Benefits. As compensation for the Employee's ’s services hereunder, the Company will: (a) pay to the Employee an annual base salary (the "“Base Salary"”), subject to such withholdings or other deductions as may be required by applicable laws or regulations, equal to his base salary currently paid by the Company on the date of this Agreement, Four Hundred and Fifty Thousand ($450,000) in accordance with the then current payroll policies of the Company; and (b) afford the Employee the right to be eligible to participate in Company employee benefit plans available to all employees generally or, if applicable, to all officers generally, in a manner consistent with the participation of such other employees or, if applicable, officers, in accordance with the terms of such plans; provided, however, that the Company shall not be obligated to institute, maintain, or refrain from changing, amending, or discontinuing, any such employee benefit plans; and (c) subject to the requirements of the business expense reimbursement policies and procedures of the Company as in effect from time to time, including without limitation, the requirement of written documentation of expenses, and subject to Section 19 of this Agreement, reimburse the Employee for the reasonable out-of-pocket expenses he incurs in the course of performing his duties hereunder; and (d) provide the Employee with paid vacation in accordance with then current Company policy, and any unused vacation shall be subject to the terms of the Company’s then-current vacation policy, or if applicable, any vacation amount set forth in a written letter agreement between the Employee and the Company.

Compensation and Other Employee Benefits. As compensation for the Employee's ’s services hereunder, the Company will: (a) pay to the Employee an annual base salary (the "“Base Salary"”), subject to such withholdings or other deductions as may be required by applicable laws or regulations, equal to his base salary currently paid by the Company on the date of this Agreement, Three Hundred Thousand Dollars ($300,000) in accordance with the then current payroll policies of the Company; and (b) afford the Employee the right to be eligible to participate in Company employee benefit plans available to all employees generally or, if applicable, to all officers generally, in a manner consistent with the participation of such other employees or, if applicable, officers, in accordance with the terms of such plans; provided, however, that the Company shall not be obligated to institute, maintain, or refrain from changing, amending, or discontinuing, any such employee benefit plans; and (c) subject to the requirements of the business expense reimbursement policies and procedures of the Company as in effect from time to time, including without limitation, the requirement of written documentation of expenses, and subject to Section 19 of this Agreement, reimburse the Employee for the reasonable out-of-pocket expenses he incurs in the course of performing his duties hereunder; and (d) provide the Employee with paid vacation in accordance with then current Company policy, and any unused vacation shall be subject to the terms of the Company’s then-current vacation policy, or if applicable, any vacation amount set forth in a written letter agreement between the Employee and the Company.