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. b. Except as modified by this Agreement, Employee shall be entitled to participate in all compensation or employee benefit plans or programs for which Employee may legally be eligible, and to receive all benefits, perquisites and emoluments for which executive officers of Employer generally are eligible under any plan or program now or hereafter established and maintained by Employer, including group hospitalization, health, dental care, life insurance, travel or accident insurance, disability plans, tax-qualified or non-qualified pension, savings, thrift, profit-sharing, bonus and incentive plans, deferred compensation plans, sick-leave plans, and executive incentive compensation plans, including, without limitation, capital accumulation programs and stock purchase plans. Employee shall be entitled to four (4) weeks of vacation per year. c. Employer shall pay or reimburse Employee for all reasonable travel and other expenses incurred by Employee (and his spouse where there is a legitimate business reason for his spouse to accompany him) in connection with the performance of his duties and obligations under this Agreement, subject to Employee's presentation of appropriate vouchers in accordance with such procedures as Employer may from time to time establish for executive officers generally.

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. b. Except as modified by this Agreement, Employee shall be entitled to participate in all compensation or employee benefit plans or programs for which Employee may legally be eligible, and to receive all benefits, perquisites and emoluments for which executive officers of Employer generally are eligible under any plan or program now or hereafter established and maintained by Employer, including group hospitalization, health, dental care, life insurance, travel or accident insurance, disability plans, tax-qualified or non-qualified pension, savings, thrift, profit-sharing, bonus and incentive plans, deferred compensation plans, sick-leave plans, and executive incentive compensation plans, including, without limitation, capital accumulation programs and stock purchase plans. Employee shall be entitled to four (4) weeks of vacation per year. c. Employer shall pay or reimburse Employee for all reasonable travel and other expenses incurred by Employee (and his spouse where there is a legitimate business reason for his spouse to accompany him) in connection with the performance of his duties and obligations under this Agreement, subject to Employee's presentation of appropriate vouchers in accordance with such procedures as Employer may from time to time establish for executive officers generally.

Compensation; Other Benefits. a. For all services rendered by Employee to Employer under this Agreement, Employer shall pay to Employee, for the onetwo-year period beginning on the date hereof, an annual salary of $82,000.00165,000.00, 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 ’s Board of Directors. After the first year following the date hereof, any Any salary increase payable to Employee shall be determined based on a review of Employee's ’s total compensation package, Employer's ’s performance, the performance of Employee and market competitiveness. Employee's ’s annual salary, as it may be adjusted from time to time, will be his 'or her base salary for purposes of future calculations of benefits.' . The base salary for purposes of future calculation of benefits may not be reduced. b. Except as modified by this Agreement, Employee shall be entitled to participate in all compensation or employee benefit plans or programs for which Employee may legally be eligible, and to receive all benefits, perquisites and emoluments for which executive officers of Employer generally are eligible under any plan or program now or hereafter established and maintained by Employer, including group hospitalization, health, dental care, life insurance, travel or accident insurance, disability plans, tax-qualified or non-qualified pension, savings, thrift, profit-sharing, bonus and incentive plans, deferred compensation plans, sick-leave plans, and executive incentive compensation plans, including, without limitation, capital accumulation programs and stock purchase plans. Employee shall be entitled to four (4) weeks of vacation per year. c. Employer shall pay or reimburse Employee for all reasonable travel and other expenses incurred by Employee (and his or her spouse where there is a legitimate business reason for his or her spouse to accompany himhim or her) in connection with the performance of his or her duties and obligations under this Agreement, subject to Employee's ’s presentation of appropriate vouchers in accordance with such procedures as Employer may from time to time establish for executive officers generally.

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 $82,000.00175,000, 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 the board of Directorsdirectors. 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." b. Except as modified by this Agreement, Employee shall be entitled to participate in all compensation or employee benefit plans or programs for which Employee may legally be eligible, and to receive all benefits, perquisites and emoluments for which executive officers any member of senior management of Employer generally are is eligible under any plan or program now or hereafter established and maintained by Employer, including group hospitalization, health, dental care, senior executive life or other life insurance, travel or accident insurance, disability plans, tax-qualified or non-qualified pension, savings, thrift, profit-sharing, bonus and incentive plans, deferred compensation plans, sick-leave plans, auto allowance or auto lease plans or company car, supplemental retirement plans, executive incentive compensation plans, and executive incentive contingent compensation plans, including, without limitation, capital accumulation programs and stock purchase plans. Employee shall be entitled to four (4) weeks of vacation per year. c. Employer will also furnish Employee, without cost to him, with such perquisites as are commensurate with Employee's position and status including, but not limited to, (i) membership in such country and business clubs as are reasonably necessary to the conduct of Employer's business, (ii) an annual physical examination by a physician selected by Employee, (iii) use of a car, (iv) personal financial, investment and tax advice, with any firm selected by Employee, not to exceed a reasonable sum per annum, to the extent costs or expenses of Employee to be reimbursed are properly documented, and (v) at least 30 days of paid vacation each year. These benefits will be provided annually with the dollar amounts only to be approved by the compensation or similar committee of Employer. To the extent the furnishing of the perquisites listed in this section results in taxable income being imputed to Employee (e.g., for personal use of an automobile), Employer will reimburse Employee for all tax costs incurred to restore him to the same after-tax position in which he would have been had income not been imputed. d. Employer shall pay or reimburse Employee for all reasonable travel and other expenses incurred by Employee (and his spouse where there is a legitimate business reason for his spouse to accompany him) in connection with the performance of his duties and obligations under this Agreement, subject to Employee's presentation of appropriate vouchers in accordance with such procedures as Employer may from time to time establish for executive officers generallysenior officers.

Compensation; Other Benefits. a. For all services rendered by Employee to Employer under this Agreement, Employer shall pay to Employee, for the onetwo-year period beginning on the date hereof, an annual salary of $82,000.00192,500.00, 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 ’s Board of Directors. After the first year following the date hereof, any Any salary increase payable to Employee shall be determined based on a review of Employee's ’s total compensation package, Employer's ’s performance, the performance of Employee and market competitiveness. Employee's ’s annual salary, as it may be adjusted from time to time, will be his 'or her base salary for purposes of future calculations of benefits.' . The base salary for purposes of future calculation of benefits may not be reduced. b. Except as modified by this Agreement, Employee shall be entitled to participate in all compensation or employee benefit plans or programs for which Employee may legally be eligible, and to receive all benefits, perquisites and emoluments for which executive officers of Employer generally are eligible under any plan or program now or hereafter established and maintained by Employer, including group hospitalization, health, dental care, life insurance, travel or accident insurance, disability plans, tax-qualified or non-qualified pension, savings, thrift, profit-sharing, bonus and incentive plans, deferred compensation plans, sick-leave plans, and executive incentive compensation plans, including, without limitation, capital accumulation programs and stock purchase plans. Employee shall be entitled to four (4) weeks of vacation per year. c. Employer shall pay or reimburse Employee for all reasonable travel and other expenses incurred by Employee (and his or her spouse where there is a legitimate business reason for his or her spouse to accompany himhim or her) in connection with the performance of his or her duties and obligations under this Agreement, subject to Employee's ’s presentation of appropriate vouchers in accordance with such procedures as Employer may from time to time establish for executive officers generally.

Compensation; Other Benefits. a. For all services rendered by Employee to Employer under this Agreement, Employer shall pay to Employee, for the onetwo-year period beginning on the date hereof, an annual salary of $82,000.00185,000.00, 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 ’s Board of Directors. After the first year following the date hereof, any Any salary increase payable to Employee shall be determined based on a review of Employee's ’s total compensation package, Employer's ’s performance, the performance of Employee and market competitiveness. Employee's ’s annual salary, as it may be adjusted from time to time, will be his 'or her base salary for purposes of future calculations of benefits.' . The base salary for purposes of future calculation of benefits may not be reduced. b. Except as modified by this Agreement, Employee shall be entitled to participate in all compensation or employee benefit plans or programs for which Employee may legally be eligible, and to receive all benefits, perquisites and emoluments for which executive officers of Employer generally are eligible under any plan or program now or hereafter established and maintained by Employer, including group hospitalization, health, dental care, life insurance, travel or accident insurance, disability plans, tax-qualified or non-qualified pension, savings, thrift, profit-sharing, bonus and incentive plans, deferred compensation plans, sick-leave plans, and executive incentive compensation plans, including, without limitation, capital accumulation programs and stock purchase plans. Employee shall be entitled to four (4) weeks of vacation per year. c. Employer shall pay or reimburse Employee for all reasonable travel and other expenses incurred by Employee (and his or her spouse where there is a legitimate business reason for his or her spouse to accompany himhim or her) in connection with the performance of his or her duties and obligations under this Agreement, subject to Employee's ’s presentation of appropriate vouchers in accordance with such procedures as Employer may from time to time establish for executive officers generally.

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. b. Except as modified by this Agreement, Employee shall be entitled to participate in all compensation or employee benefit plans or programs for which Employee may legally be eligible, and to receive all benefits, perquisites and emoluments for which executive officers of Employer generally are eligible under any plan or program now or hereafter established and maintained by Employer, including group hospitalization, health, dental care, life insurance, travel or accident insurance, disability plans, tax-qualified or non-qualified pension, savings, thrift, profit-sharing, bonus and incentive plans, deferred compensation plans, sick-leave plans, and executive incentive compensation plans, including, without limitation, capital accumulation programs and stock purchase plans. Employee shall be entitled to four (4) weeks of vacation per year. c. Employer shall pay or reimburse Employee for all reasonable travel and other expenses incurred by Employee (and his spouse where there is a legitimate business reason for his spouse to accompany him) in connection with the performance of his duties and obligations under this Agreement, subject to Employee's presentation of appropriate vouchers in accordance with such procedures as Employer may from time to time establish for executive officers generally.

Compensation; Other Benefits. a. For all services rendered by Employee to Employer under this Agreement, Employer shall pay to Employee, for the onetwo-year period beginning on the date hereof, an annual salary of $82,000.00198,267.28, 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 ’s Board of Directors. After the first year following the date hereof, any Any salary increase payable to Employee shall be determined based on a review of Employee's ’s total compensation package, Employer's ’s performance, the performance of Employee and market competitiveness. Employee's ’s annual salary, as it may be adjusted from time to time, will be his 'or her base salary for purposes of future calculations of benefits.' . The base salary for purposes of future calculation of benefits may not be reduced. b. Except as modified by this Agreement, Employee shall be entitled to participate in all compensation or employee benefit plans or programs for which Employee may legally be eligible, and to receive all benefits, perquisites and emoluments for which executive officers of Employer generally are eligible under any plan or program now or hereafter established and maintained by Employer, including group hospitalization, health, dental care, life insurance, travel or accident insurance, disability plans, tax-qualified or non-qualified pension, savings, thrift, profit-sharing, bonus and incentive plans, deferred compensation plans, sick-leave plans, and executive incentive compensation plans, including, without limitation, capital accumulation programs and stock purchase plans. Employee shall be entitled to four (4) weeks of vacation per year. c. Employer shall pay or reimburse Employee for all reasonable travel and other expenses incurred by Employee (and his or her spouse where there is a legitimate business reason for his or her spouse to accompany himhim or her) in connection with the performance of his or her duties and obligations under this Agreement, subject to Employee's ’s presentation of appropriate vouchers in accordance with such procedures as Employer may from time to time establish for executive officers generally.