Common use of Compensation of Executive Clause in Contracts

Compensation of Executive. 3.1 The Company shall pay Executive a base salary of One Hundred Thousand Dollars ($125,000) per year (the "Base Salary"), payable in accordance with the Company policy. Such salary shall be pro rated for any partial year of employment on the basis of a 365-day fiscal year. Executive's Base Salary will be increased to at least One Hundred Twenty Five Thousand Dollars ($150,000) per year at the time the Subsidiary reaches profitability for a full fiscal year. Executive will be eligible for bonuses from time to time as determined by the Board.

Compensation of Executive. 3.1 The Company shall pay Executive a base salary of One Hundred Twenty One Thousand Dollars ($125,000121,000) per year (the "Base Salary"), payable in accordance with the Company policy. Such salary shall be pro rated for any partial year of employment on the basis of a 365-day fiscal year. Executive's Base Salary will be increased to at least One Hundred Twenty Five Fifty Thousand Dollars ($150,000) per year at the time the Subsidiary Company reaches profitability for a full fiscal year. Executive will be eligible for bonuses from time to time as determined by the Board.

Compensation of Executive. 3.1 The Company shall pay Executive a base salary of One Hundred Seventy-Four Thousand Six Hundred Thirty-Six Dollars ($125,000174,636) per year (the "Base Salary"), payable in accordance with the Company policy. Such salary shall be pro rated for any partial year of employment on the basis of a 365-day fiscal year. Executive's Base Salary will be increased to at least One Hundred Twenty Five Thousand Dollars ($150,000) per year at the time the Subsidiary reaches profitability for a full fiscal year. Executive will be eligible for bonuses as set forth in the XxXxx 2006 compensation plan attached to this Agreement as Exhibit 1 or as from time to time as are determined by the Board.

Compensation of Executive. 3.1 The Company shall pay Executive a base salary of One Hundred Thousand Dollars ($125,000100,000) per year (the "Base Salary"), payable in accordance with the Company policy. Such salary shall be pro rated for any partial year of employment on the basis of a 365-day fiscal year. Executive's Base Salary will be increased to at least One Hundred Twenty Five Fifty Thousand Dollars ($150,000) per year at the time the Subsidiary Company reaches profitability for a full fiscal year. Executive will be eligible for bonuses from time to time as determined by the Board.