Common use of Compensation; Expenses; Benefits Clause in Contracts

Compensation; Expenses; Benefits. (a) The Company shall pay to the Executive during the Employment Period a salary at the annual rate of $300,000 payable in accordance with the payroll policy of the Company as in effect from time to time. The Company may, in its sole discretion, increase (but it shall not, without the written consent of the Executive, decrease) the annual salary payable to the Executive for his services hereunder. (b) The Company shall pay or reimburse the Executive for all reasonable expenses actually incurred or paid by him in the performance of his services under this Employment Agreement, upon presentation of expense statements or vouchers or other supporting information as the Company may reasonably require. (c) The Executive shall be eligible to receive bonus compensation from the Company in respect of each fiscal year of the Company (or portion thereof) occurring during the Employment Period. (d) The Executive may participate in all bonus, term life insurance, major medical, hospitalization, pension or retirement, 401(k), sickness or disability and other plans and benefits provided for executive employees of the Company generally, as in effect from time to time (together, the "Benefits"); provided, however, that at no time following a Change in Control shall the terms of the Executive's participation in such plans and the benefits provided to the Executive thereunder be less favorable to the Executive than the Benefits provided to the Executive immediately prior to such Change in Control (disregarding any changes to such participation or benefits made in anticipation of such Change in Control). (e) The Executive shall be entitled to not less than twenty (20) paid vacation days during each calendar year during the Employment Period.

Compensation; Expenses; Benefits. (a) The Company shall pay to the Executive during the Employment Period a salary at the annual rate of $300,000 275,004 payable in accordance with the payroll policy of the Company as in effect from time to time. The Company may, in its sole discretion, increase (but it shall not, without the written consent of the Executive, decrease) the annual salary payable to the Executive for his services hereunder. (b) The Company shall pay or reimburse the Executive for all reasonable expenses actually incurred or paid by him in the performance of his services under this Employment Agreement, upon presentation of expense statements or vouchers or other supporting information as the Company may reasonably require. (c) The Executive shall be eligible to receive bonus compensation from the Company in respect of each fiscal year of the Company (or portion thereof) occurring during the Employment Period. (d) The Executive may participate in all bonus, term life insurance, major medical, hospitalization, pension or retirement, 401(k), sickness or disability and other plans and benefits provided for executive employees of the Company generally, as in effect from time to time (together, the "Benefits"); provided, however, that at no time following a Change in Control shall the terms of the Executive's participation in such plans and the benefits provided to the Executive thereunder be less favorable to the Executive than the Benefits provided to the Executive immediately prior to such Change in Control (disregarding any changes to such participation or benefits made in anticipation of such Change in Control). (e) The Executive shall be entitled to not less than twenty (20) paid vacation days during each calendar year during the Employment Period.

Compensation; Expenses; Benefits. (a) The Company shall pay to the Executive during the Employment Period a salary at the annual rate of $300,000 144,996 payable in accordance with the payroll policy of the Company as in effect from time to time. The Company may, in its sole discretion, increase (but it shall not, without the written consent of the Executive, decrease) the annual salary payable to the Executive for his services hereunder. (b) The Company shall pay or reimburse the Executive for all reasonable expenses actually incurred or paid by him in the performance of his services under this Employment Agreement, upon presentation of expense statements or vouchers or other supporting information as the Company may reasonably require. (c) The Executive shall be eligible to receive bonus compensation from the Company in respect of each fiscal year of the Company (or portion thereof) occurring during the Employment Period. (d) The Executive may participate in all bonus, term life insurance, major medical, hospitalization, pension or retirement, 401(k), sickness or disability and other plans and benefits provided for executive employees of the Company generally, as in effect from time to time (together, the "Benefits"); provided, however, that at no time following a Change in Control shall the terms of the Executive's participation in such plans and the benefits provided to the Executive thereunder be less favorable to the Executive than the Benefits provided to the Executive immediately prior to such Change in Control (disregarding any changes to such participation or benefits made in anticipation of such Change in Control). (e) The Executive shall be entitled to not less than twenty (20) paid vacation days during each calendar year during the Employment Period.

Compensation; Expenses; Benefits. (a) The Company shall pay to the Executive during the Employment Period a salary at the annual rate of $300,000 150,000, payable in accordance with the payroll policy of the Company as in effect from time to time. The Company may, in its sole discretion, increase (but it shall not, without the written consent of the Executive, decrease) the annual salary payable to the Executive for his services hereunder. (b) The Company shall pay or reimburse the Executive for all reasonable expenses actually incurred or paid by him in the performance of his services under this Employment Agreement, upon presentation of expense statements or vouchers or other supporting information as the Company may reasonably require. (c) The Executive shall be eligible to receive bonus compensation from the Company in respect of each fiscal year of the Company (or portion thereof) occurring during the Employment Period. (d) The Executive may participate in all bonus, term life insurance, major medical, hospitalization, pension or retirement, 401(k), sickness or disability and other plans and benefits provided for executive employees of the Company generally, as in effect from time to time (together, the "Benefits"); provided, however, that at no time following a Change in Control shall the terms of the Executive's participation in such plans and the benefits provided to the Executive thereunder be less favorable to the Executive than the Benefits provided to the Executive immediately prior to such Change in Control (disregarding any changes to such participation or benefits made in anticipation of such Change in Control). (e) The Executive shall be entitled to not less than twenty (20) paid vacation days during each calendar year during the Employment Period.

Compensation; Expenses; Benefits. (a) The Company shall pay to the Executive during the Employment Period a salary at the annual rate of $300,000 176,808, payable in accordance with the payroll policy of the Company as in effect from time to time. The Company may, in its sole discretion, increase (but it shall not, without the written consent of the Executive, decrease) the annual salary payable to the Executive for his services hereunder. (b) The Company shall pay or reimburse the Executive for all reasonable expenses actually incurred or paid by him in the performance of his services under this Employment Agreement, upon presentation of expense statements or vouchers or other supporting information as the Company may reasonably require. (c) The Executive shall be eligible to receive bonus compensation from the Company in respect of each fiscal year of the Company (or portion thereof) occurring during the Employment Period. (d) The Executive may participate in all bonus, term life insurance, major medical, hospitalization, pension or retirement, 401(k), sickness or disability and other plans and benefits provided for executive employees of the Company generally, as in effect from time to time (together, the "Benefits"); provided, however, that at no time following a Change in Control shall the terms of the Executive's participation in such plans and the benefits provided to the Executive thereunder be less favorable to the Executive than the Benefits provided to the Executive immediately prior to such Change in Control (disregarding any changes to such participation or benefits made in anticipation of such Change in Control). (e) The Executive shall be entitled to not less than twenty (20) paid vacation days during each calendar year during the Employment Period.

Compensation; Expenses; Benefits. (a) The Company shall pay to the Executive during the Employment Period a salary at the annual rate of $300,000 264,996 payable in accordance with the payroll policy of the Company as in effect from time to time. The Company may, in its sole discretion, increase (but it shall not, without the written consent of the Executive, decrease) the annual salary payable to the Executive for his services hereunder. (b) The Company shall pay or reimburse the Executive for all reasonable expenses actually incurred or paid by him in the performance of his services under this Employment Agreement, upon presentation of expense statements or vouchers or other supporting information as the Company may reasonably require. (c) The Executive shall be eligible to receive bonus compensation from the Company in respect of each fiscal year of the Company (or portion thereof) occurring during the Employment Period. (d) The Executive may participate in all bonus, term life insurance, major medical, hospitalization, pension or retirement, 401(k), sickness or disability and other plans and benefits provided for executive employees of the Company generally, as in effect from time to time (together, the "Benefits"); provided, however, that at no time following a Change in Control shall the terms of the Executive's participation in such plans and the benefits provided to the Executive thereunder be less favorable to the Executive than the Benefits provided to the Executive immediately prior to such Change in Control (disregarding any changes to such participation or benefits made in anticipation of such Change in Control). (e) The Executive shall be entitled to not less than twenty (20) paid vacation days during each calendar year during the Employment Period.

Compensation; Expenses; Benefits. (a) The Company shall pay to the Executive during the Employment Period a salary at the annual rate of $300,000 219,996 payable in accordance with the payroll policy of the Company as in effect from time to time. The Company may, in its sole discretion, increase (but it shall not, without the written consent of the Executive, decrease) the annual salary payable to the Executive for his services hereunder. (b) The Company shall pay or reimburse the Executive for all reasonable expenses actually incurred or paid by him in the performance of his services under this Employment Agreement, upon presentation of expense statements or vouchers or other supporting information as the Company may reasonably require. (c) The Executive shall be eligible to receive bonus compensation from the Company in respect of each fiscal year of the Company (or portion thereof) occurring during the Employment Period. (d) The Executive may participate in all bonus, term life insurance, major medical, hospitalization, pension or retirement, 401(k), sickness or disability and other plans and benefits provided for executive employees of the Company generally, as in effect from time to time (together, the "Benefits"); provided, however, that at no time following a Change in Control shall the terms of the Executive's participation in such plans and the benefits provided to the Executive thereunder be less favorable to the Executive than the Benefits provided to the Executive immediately prior to such Change in Control (disregarding any changes to such participation or benefits made in anticipation of such Change in Control). (e) The Executive shall be entitled to not less than twenty (20) paid vacation days during each calendar year during the Employment Period.

Compensation; Expenses; Benefits. (a) The Company shall pay to the Executive during the Employment Period a salary at the annual rate of $300,000 585,000 payable in accordance with the payroll policy of the Company as in effect from time to time. The Company may, in its sole discretion, increase (but it shall not, without the written consent of the Executive, decrease) the annual salary payable to the Executive for his services hereunder. (b) The Company shall pay or reimburse the Executive for all reasonable expenses actually incurred or paid by him in the performance of his services under this Employment Agreement, upon presentation of expense statements or vouchers or other supporting information as the Company may reasonably require. (c) The Executive shall be eligible to receive bonus compensation from the Company in respect of each fiscal year of the Company (or portion thereof) occurring during the Employment Period. (d) The Executive may participate in all bonus, term life insurance, major medical, hospitalization, pension or retirement, 401(k), sickness or disability and other plans and benefits provided for executive employees of the Company generally, as in effect from time to time (together, the "Benefits"); provided, however, that at no time following a Change in Control shall the terms of the Executive's participation in such plans and the benefits provided to the Executive thereunder be less favorable to the Executive than the Benefits provided to the Executive immediately prior to such Change in Control (disregarding any changes to such participation or benefits made in anticipation of such Change in Control). (e) The Executive shall be entitled to not less than twenty (20) paid vacation days during each calendar year during the Employment Period.