Common use of Executive’s Compensation Clause in Contracts

Executive’s Compensation. During Term Executive shall be entitled to the following compensation from Company throughout the Term: (a) base salary at no less than the annual rate in effect immediately prior to the Effective Date, but with increases subsequent to the Effective Date as may be made from time to time as warranted; and (b) continuing participation in any corporate compensation plans, pension plans, insurance, medical and hospitalization programs, employment contracts and any other employee benefit plans, practices or arrangements in effect immediately prior to the Effective Date and as same may be modified, supplemented or replaced without material reduction in value and benefits to Executive.