Common use of Compensation; Other Benefits Clause in Contracts

Compensation; Other Benefits. a. For all services rendered by Employee to Employer under this Agreement, Employer shall pay to Employee, for the one-year period beginning on the date hereof, an annual salary of $82,000.00, payable in accordance with the payroll practices of Employer applicable to all officers. This salary may be reviewed for an increase sooner if approved by Employee's Board of Directors. After the first year following the date hereof, any salary increase payable to Employee shall be determined based on a review of Employee's total compensation package, Employer's performance, the performance of Employee and market competitiveness. Employee's annual salary, as it may be adjusted from time to time, will be his 'base salary for purposes of future calculations of benefits.' The base salary for purposes of future calculation of benefits may not be reduced.

Compensation; Other Benefits. a. For all services rendered by Employee to Employer under this Agreement, Employer shall pay to Employee, for the one-year period beginning on the date hereof, an annual salary of $82,000.0089,600.00, payable in accordance with the payroll practices of Employer applicable to all officers. This salary may be reviewed for an increase sooner if approved by Employee's Board of Directors. After the first year following the date hereof, any salary increase payable to Employee shall be determined based on a review of Employee's total compensation package, Employer's performance, the performance of Employee and market competitiveness. Employee's Employees annual salary, as it may be adjusted from time to time, will be his 'base salary for purposes of future calculations of benefits.' The base salary for purposes of future calculation of benefits may not be reduced.

Compensation; Other Benefits. a. For all services rendered by Employee to Employer under this Agreement, Employer shall pay to Employee, for the one-year period beginning on the date hereof, an annual salary of $82,000.0087,000.00, payable in accordance with the payroll practices of Employer applicable to all officers. This salary may be reviewed for an increase sooner if approved by Employee's Board of Directors. After the first year following the date hereof, any salary increase payable to Employee shall be determined based on a review of Employee's total compensation package, Employer's performance, the performance of Employee and market competitiveness. Employee's annual salary, as it may be adjusted from time to time, will be his 'base salary for purposes of future calculations of benefits.' The base salary for purposes of future calculation of benefits may not be reduced.