Common use of Compensation Generally Clause in Contracts

Compensation Generally. For all services rendered and required to be rendered by, covenants of, and restrictions imposed on, Executive under this Agreement, Employer shall pay to Executive during and with respect to the Employment Period, and Executive agrees to accept, such base salary ("Base Salary") and bonuses as are set forth on Exhibit 4.1. Executive's compensation shall be reviewed by the Board of Directors prior to commencement of each Renewal Period and may be adjusted upward only for such Renewal Period to take into account Executive's prior performance and increases in the cost of living not previously taken into account in setting Executive's compensation level.