Common use of COMPENSATION; EXECUTIVE BENEFIT PLANS Clause in Contracts

COMPENSATION; EXECUTIVE BENEFIT PLANS. 3.1 The Company shall pay to Executive a base salary (the “Base Salary”) at an annual rate of (i) $325,000 for the period effective from the Effective Date through December 31, 2010, and (ii) $350,000 for the period from January 1, 2011 through the remainder of the Term, which Base Salary shall be subject to increase, but not decrease, at the discretion of the Board. The Base Salary shall be payable in installments throughout the year in the same manner and at the same times the Company pays base salaries to similarly situated executive officers of the Company, but in any event, no less frequently than monthly.

COMPENSATION; EXECUTIVE BENEFIT PLANS. 3.1 The Company shall pay to Executive a base salary (the “Base Salary”) at an annual rate of (i) $325,000 300,000 for the period effective from the Effective Date through December 31, 2010, and (ii) $350,000 325,000 for the period from January 1, 2011 through the remainder of the Term, which Base Salary shall be subject to increase, but not decrease, at the discretion of the Board. The Base Salary shall be payable in installments throughout the year in the same manner and at the same times the Company pays base salaries to similarly situated executive officers of the Company, but in any event, no less frequently than monthly.

COMPENSATION; EXECUTIVE BENEFIT PLANS. 3.1 The Company shall pay to Executive a base salary (the “Base Salary”) at an annual rate of (i) $325,000 300,000 for the period effective from commencing on the Effective Date through December 31, 2010, and ending on the first (ii1st) $350,000 for anniversary of the Effective Date. At the commencement of each subsequent twelve (12) month period from January 1, 2011 through the remainder of during the Term, which the “Base Salary Salary” shall be subject to increase, but not decrease, at increase by no less than 5% (five percent) per annum from the discretion of the Boardprevious year. The Base Salary shall be payable in installments throughout the year in the same manner and at the same times the Company pays base salaries to similarly situated executive officers of the Company, but in any event, no less frequently than monthly.

COMPENSATION; EXECUTIVE BENEFIT PLANS. 3.1 The Company shall pay to Executive a base salary (the “Base Salary”) at an annual rate of (i) $325,000 300,000 for the period effective from the Effective Date through December 31, 2010, and (ii) $350,000 325,000 for the period from January 1, 2011 through the remainder of the Term, which Base Salary shall be subject to increase, but not decrease, at the discretion of the Board. The Base Salary shall be payable in installments throughout the year in the same manner and at the same times the Company pays base salaries to similarly situated executive officers of the Company, but in any event, no less frequently than monthly.the