Common use of Compensation of Executive Clause in Contracts

Compensation of Executive. 3.1 While employed by the Company, as compensation for proper and satisfactory performance of all duties to be performed hereunder, the Company shall pay Executive an annual base salary of One Hundred Forty-Five Thousand Dollars, $145,000 per year (the "Base Salary"), payable in regular periodic payments in accordance with Company policy. Such salary shall be prorated for any partial year of employment on the basis of a 365-day fiscal year. In addition, Executive will be eligible for an incentive bonus of up to 20% of the Executive's annualized base salary hereunder, based upon defined milestones during the agreement period.

Compensation of Executive. 3.1 While employed by the Company, as compensation for proper and satisfactory performance of all duties to be performed hereunder, the Company shall pay Executive an annual base salary of One Hundred Forty-Five Ninety Thousand Dollars, Dollars ($145,000 190,000) per year (the "Base Salary"), payable in regular periodic payments in accordance with Company policy. Such salary shall be prorated for any partial year of employment on the basis of a 365-day fiscal year. In addition, Executive will be eligible for an incentive bonus of up to 2025% of the Executive's annualized base salary hereunderBase Salary, based upon defined milestones milestones, during the agreement period.

Compensation of Executive. 3.1 While employed by the Company, as compensation for proper and satisfactory performance of all duties to be performed hereunder, the Company shall pay Executive an annual base salary of One Hundred FortyEighty-Five Two Thousand Dollars, $145,000 182,000 per year (the "Base Salary"), payable in regular periodic payments in accordance with Company policy. Such salary shall be prorated for any partial year of employment on the basis of a 365-day fiscal year. In addition, Executive will be eligible for an incentive bonus of up to 20% of the Executive's annualized base salary hereunder, based upon defined milestones during the agreement period.

Compensation of Executive. 3.1 While employed by the Company, as compensation for proper and satisfactory performance of all duties to be performed hereunder, the Company shall pay Executive an annual base salary of One Hundred FortySeventy-Five Thousand Dollars, $145,000 175,000 per year (the "Base Salary"), payable in regular periodic payments in accordance with Company policy. Such salary shall be prorated for any partial year of employment on the basis of a 365-day fiscal year. In addition, Executive will be eligible for an incentive bonus of up to 20% of the Executive's annualized base salary hereunder, based upon defined milestones during the agreement period.

Compensation of Executive. 3.1 While employed by the Company, as compensation for proper and satisfactory performance of all duties to be performed hereunder, the Company shall pay Executive an annual base salary of One Hundred FortySixty-Five Thousand Dollars, $145,000 165,000 per year (the "Base Salary"), payable in regular periodic payments in accordance with Company policy. Such salary shall be prorated for any partial year of employment on the basis of a 365-day fiscal year. In addition, Executive will be eligible for an incentive bonus of up to 20% of the Executive's annualized base salary hereunder, based upon defined milestones during the agreement period.