Common use of Gross Salary Deferral Clause in Contracts

Gross Salary Deferral. On each issuance of the Executive’s semi-monthly payroll check for services to be performed in calendar year 2006, (scheduled for the 15th and the last day of each month), there shall be deducted an amount equivalent to _8%_ percent of the Executive’s gross salary (excluding any bonuses) for the pay period which will be credited to the Deferred Compensation Account as of the last day of the month in which such check is to be issued. The first deduction will occur on the Executive’s semi-monthly payroll check dated January 31, 2006.

Gross Salary Deferral. On each issuance of the Executive’s semi-monthly payroll check for services to be performed in calendar year 20062005, (scheduled for the 15th and the last day of each month), there shall be deducted an amount equivalent to _8%_ 20% percent of the Executive’s gross salary (excluding any bonuses) for the pay period which will be credited to the Deferred Compensation Account as of the last day of the month in which such check is to be issued. The first deduction will occur on the Executive’s semi-monthly payroll check dated January 31, 20062005.

Gross Salary Deferral. On each issuance of the Executive’s semi-monthly payroll check for services to be performed in calendar year 20062007, (scheduled for the 15th and the last day of each month), there shall be deducted an amount equivalent to _8%_ 20 percent of the Executive’s gross salary (excluding any bonuses) for the pay period which will be credited to the Deferred Compensation Account as of the last day of the month in which such check is to be issued. The first deduction will occur on the Executive’s semi-monthly payroll check dated January 31, 20062007.

Gross Salary Deferral. On each issuance of the Executive’s semi-monthly payroll check for services to be performed in calendar year 2006, (scheduled for the 15th and the last day of each month), there shall be deducted an amount equivalent to _8%_ 20% percent of the Executive’s gross salary (excluding any bonuses) for the pay period which will be credited to the Deferred Compensation Account as of the last day of the month in which such check is to be issued. The first deduction will occur on the Executive’s semi-monthly payroll check dated January 31, 2006.