Common use of Employment Contracts Clause in Contracts

Employment Contracts. Without the prior written consent of Lender, Borrower shall not (a) enter into any employment agreement or other written compensation agreement that has a term of greater than one year with any of Borrower’s executive officers or (b) increase total compensation paid to the executive officers of Borrower by more than ten percent (10%) per year.

Employment Contracts. Without the prior written consent of Lender, no Borrower shall not (ai) enter into any employment agreement or other written compensation agreement that has a term of greater than one year with any of such Borrower’s 's executive officers or (bii) increase total compensation paid to the executive officers of Borrower Borrowers by more than ten percent (10%) per year. Notwithstanding the foregoing, Lender acknowledges and agrees that Borrower may pay the compensation set forth on Schedule 3.18.

Employment Contracts. Without the prior written consent of Lender, Borrower shall not (a) enter into any employment agreement or other written compensation agreement that has a term of greater than one year with any of Borrower’s 's executive officers or (b) increase total compensation paid to the executive officers of Borrower by more than ten percent (1012.5%) per year.

Employment Contracts. Without the prior written consent of Lender, Borrower shall not (a) enter into any employment agreement or other written compensation agreement that has a term of greater than one year with any of Borrower’s 's executive officers or (b) increase total compensation compensation, without regard to commissions, paid to the executive officers of Borrower by more than ten percent (10%) per year; provided, however, that the Company may hire a controller and/or Chief Financial Officer which shall not constitute an increase in total base compensation paid to the executive officers for purposes of this section 3.18.

Employment Contracts. Without the prior written consent of Lender, no Borrower shall not (a) enter into any employment agreement or other written compensation agreement that has a term of greater than one year with any of such Borrower’s 's executive officers or (b) increase total compensation paid to the executive officers of Borrower Borrowers by more than ten percent (10%) per year.

Employment Contracts. Without the prior written consent of Lenderthe Majority Lenders (which shall not be unreasonably withheld), Borrower shall not (a) enter into any employment agreement or other written compensation agreement that has have a term of greater than one year with any of Borrower’s 's executive officers or (b) increase total compensation paid to the executive officers of Borrower by more than ten percent (10%) % per year.