Common use of Compensation (i) Base Salary Clause in Contracts

Compensation (i) Base Salary. During the Employment Period, the Company shall pay Executive an annual base salary (“Annual Base Salary”) at a rate of not less than $1,000,000 payable in accordance with the Company’s normal payroll policies. The Executive’s Annual Base Salary shall be reviewed, and may be increased but not decreased, at least annually by the Human Resources and Compensation Committee of the Board (the “Committee”) pursuant to its normal performance review policies for senior executives. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall thereafter refer to Annual Base Salary as so increased.

Compensation (i) Base Salary. During the Employment Period, the Company Executive shall pay Executive receive an annual base salary (“Annual Base Salary”) at a rate of not less than $1,000,000 1,400,000 payable in accordance with the Company’s normal payroll policies. The Executive’s Annual Base Salary shall be reviewed, and may be increased but not decreased, at least annually by the Human Resources and Compensation Committee of the Board (the “Committee”) pursuant to its normal performance review policies for senior executives. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall thereafter refer to Annual Base Salary as so increased.

Compensation (i) Base Salary. During the Employment Period, the Company Executive shall pay Executive receive an annual base salary (“Annual Base Salary”) at a rate of not less than $1,000,000 1,285,000 payable in accordance with the Company’s normal payroll policies. The Executive’s Annual Base Salary shall be reviewed, and may be increased but not decreased, at least annually by the Human Resources and Compensation Committee of the Board (the “Committee”) pursuant to its normal performance review policies for senior executives. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall thereafter refer to Annual Base Salary as so increased. Notwithstanding the above, the Executive’s rate of Annual Base Salary may be reduced by the Board by not more than 10 percent of the rate immediately before such reduction if in conjunction with an across-the-board decrease in base salary applicable to all of the Company’s executive officers.