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 Ninety Thousand Dollars ($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 25% of Base Salary, based upon defined milestones, during the agreement period. 3.2 Executive's compensation may be changed from time to time by mutual agreement of Executive and the Board. 3.3 All of Executive's compensation shall be subject to customary withholding taxes and any other employment taxes as are commonly required to be collected or withheld by the Company. 3.4 Executive shall be entitled to vacation and illness days consistent with the Company's standard practice for its employees generally. 3.5 Executive shall, at the discretion of the Board, be entitled to participate in the benefits for which he is eligible under the terms and conditions of the standard Company benefits which may be in effect from time to time and provided by the Company.

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 Two Hundred Ninety Eighty Thousand Dollars (Dollars, $190,000) 280,000 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 2520% of Base Salarybase salary, based upon defined milestonesmilestone, during the agreement period. 3.2 Executive's compensation may be changed from time to time by mutual agreement of Executive and the Board. 3.3 All of Executive's compensation shall be subject to customary withholding taxes and any other employment taxes as are commonly required to be collected or withheld by the Company. 3.4 Executive shall be entitled to vacation and illness days consistent with the Company's standard practice for its employees generally. 3.5 Executive shall, at the discretion of the Board, be entitled to participate in the benefits for which he is eligible under the terms and conditions of the standard Company benefits which may be in effect from time to time and provided by the Company.

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 Two Hundred Ninety Thirty Thousand Dollars ($190,000230,000) 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 25% of Base Salary, based upon defined milestones, during the agreement period. 3.2 Executive's compensation may be changed from time to time by mutual agreement of Executive and the Board. 3.3 All of Executive's compensation shall be subject to customary withholding taxes and any other employment taxes as are commonly required to be collected or withheld by the Company. 3.4 Executive shall be entitled to vacation and illness days consistent with the Company's standard practice for its employees generally. 3.5 Executive shall, at the discretion of the Board, be entitled to participate in the benefits for which he is eligible under the terms and conditions of the standard Company benefits which may be in effect from time to time and provided by the Company.

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 Two Hundred Ninety Thirty Thousand Dollars (Dollars, $190,000) 230,000 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 2520% of Base Salarybase salary, based upon defined milestonesmilestone, during the agreement period. 3.2 Executive's compensation may be changed from time to time by mutual agreement of Executive and the Board. 3.3 All of Executive's compensation shall be subject to customary withholding taxes and any other employment taxes as are commonly required to be collected or withheld by the Company. 3.4 Executive shall be entitled to vacation and illness days consistent with the Company's standard practice for its employees generally. 3.5 Executive shall, at the discretion of the Board, be entitled to participate in the benefits for which he is eligible under the terms and conditions of the standard Company benefits which may be in effect from time to time and provided by the Company.

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 Ninety Forty Thousand Dollars ($190,000140,000) 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 25% of Base Salary$28,000, based upon defined milestones, during the agreement period. 3.2 Executive's compensation may be changed from time to time by mutual agreement of Executive and the Board. 3.3 All of Executive's compensation shall be subject to customary withholding taxes and any other employment taxes as are commonly required to be collected or withheld by the Company. 3.4 Executive shall be entitled to vacation and illness days consistent with the Company's standard practice for its employees generally. 3.5 Executive shall, at the discretion of the Board, be entitled to participate in the benefits for which he is eligible under the terms and conditions of the standard Company benefits which may be in effect from time to time and provided by the Company.

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 Two Hundred Ninety Thousand Dollars (Dollars, $190,000) 200,000 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 2520% of Base Salarybase salary, based upon defined milestonesmilestone, during the agreement period. 3.2 Executive's compensation may be changed from time to time by mutual agreement of Executive and the Board. 3.3 All of Executive's compensation shall be subject to customary withholding taxes and any other employment taxes as are commonly required to be collected or withheld by the Company. 3.4 Executive shall be entitled to vacation and illness days consistent with the Company's standard practice for its employees generally. 3.5 Executive shall, at the discretion of the Board, be entitled to participate in the benefits for which he is eligible under the terms and conditions of the standard Company benefits which may be in effect from time to time and provided by the Company.

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 Two Hundred Ninety Twenty five Thousand Dollars (Dollars, $190,000) 225,000 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 25% of Base Salarybase salary, based upon defined milestonesmilestone, during the agreement period. 3.2 Executive's compensation may be changed from time to time by mutual agreement of Executive and the Board. 3.3 All of Executive's compensation shall be subject to customary withholding taxes and any other employment taxes as are commonly required to be collected or withheld by the Company. 3.4 Executive shall be entitled to vacation and illness days consistent with the Company's standard practice for its employees generally. 3.5 Executive shall, at the discretion of the Board, be entitled to participate in the benefits for which he is eligible under the terms and conditions of the standard Company benefits which may be in effect from time to time and provided by the Company.