Common use of Compensation Bonus Benefits Clause in Contracts

Compensation Bonus Benefits. 4.1 The Corporation will pay to Executive as compensation for his services hereunder a salary (the “Base Salary”) of $170,000 per annum, or such greater amount as the Board of Directors of the Corporation may from time to time determine and confirm in writing. Any increase shall become effective for future salary payments and shall not be retroactive. Such salary is to be payable in equal installments in accordance with the Corporation’s normal payroll policy.

Compensation Bonus Benefits. 4.1 The Corporation will pay to Executive as compensation for his services hereunder a salary (the “Base Salary”) of $170,000 240,000 per annum, or such greater amount as the Board of Directors of the Corporation may shall from time to time determine and confirm in writing. Executive’s Base Salary may be increased to $252,000 during the Term if, in the opinion of the Board of Directors, the Corporation’s profitability and operating results justify an increase. Any increase shall become effective for future salary payments and shall not be retroactive. Such salary is to be payable in equal installments in accordance with the Corporation’s normal payroll policy.

Compensation Bonus Benefits. 4.1 The Corporation will pay to Executive as compensation for his services hereunder a salary (the “Base Salary”) of $170,000 210,000 per annum, or such greater amount as the Board of Directors of the Corporation may shall from time to time determine and confirm in writing. Any increase shall become effective for future salary payments and shall not be retroactive. Such salary is to be payable in equal installments in accordance with the Corporation’s normal payroll policy.

Compensation Bonus Benefits. 4.1 The Corporation will pay to Executive as compensation for his services hereunder a salary (the “Base Salary”) of $170,000 240,000 per annum, or such greater amount as the Board of Directors of the Corporation may from time to time determine and confirm in writing. Any increase shall become effective for future salary payments and shall not Executive’s Base Salary may be retroactiveincreased during the Term at the discretion of the Board of Directors. Such salary is to shall be payable in equal installments in accordance with the Corporation’s normal payroll policy.

Compensation Bonus Benefits. 4.1 The Corporation will pay to Executive as compensation for his services hereunder a salary (the “Base Salary”) of $170,000 141,564 per annum, or such greater amount as the Board of Directors of the Corporation may shall from time to time determine and confirm in writing. Executive’s Base Salary may be increased to $148,642 during the Term if, in the opinion of the Board of Directors, the Corporation’s profitability and operating results justify an increase. Any increase shall become effective for future salary payments and shall not be retroactive. Such salary is to be payable in equal installments in accordance with the Corporation’s normal payroll policy.