Common use of Minimum Annual Compensation Clause in Contracts

Minimum Annual Compensation. The Company shall pay to Executive for the services to be rendered hereunder a base salary at an annual rate of Sixty Thousand and 00/100 Dollars ($60,000.00) (the “Minimum Annual Compensation”). There shall be an annual review for merit by the Board and an increase as deemed appropriate to reflect the value of services by Executive. At no time during the Term of this Agreement shall Executive's annual base salary fall below the Minimum Annual Compensation. In addition, if the Board increases the Minimum Annual Compensation at any time during the Term of this Agreement, such increased Minimum Annual Compensation shall become a floor below which Executive's compensation shall not fall at any future time during the Term of this Agreement and shall become Minimum Annual Compensation. Executive's salary shall be payable in periodic installments in accordance with the Company’s usual practice for Executives of the Company.

Minimum Annual Compensation. The Company shall pay to Executive for the services to be rendered hereunder a base salary at an annual rate of Sixty Thousand and 00/100 Dollars one hundred forty thousand four hundred dollars ($60,000.00140,400.00) (the “Minimum Annual Compensation”). There shall be an annual review for merit by the Board and an increase as deemed appropriate to reflect the value of services by Executive. At no time during the Term term of this Agreement shall Executive's annual base salary fall below the Minimum Annual Compensation. In addition, if the Board increases the Minimum Annual Compensation at any time during the Term term of this Agreement, such increased Minimum Annual Compensation shall become a floor below which Executive's compensation shall not fall at any future time during the Term term of this Agreement and shall become Minimum Annual Compensation. Executive's salary shall be payable in periodic installments in accordance with the Company’s usual practice for Executives of the Company.

Minimum Annual Compensation. The Company shall pay to Executive for the services to be rendered hereunder a base salary at an annual rate of Sixty Two Hundred Forty Thousand and 00/100 Dollars ($60,000.00240,000.00) (the “Minimum Annual Compensation”). There shall be an annual review for merit by the Board and an increase as deemed appropriate to reflect the value of services by Executive. At no time during the Term of this Agreement shall Executive's annual base salary fall below the Minimum Annual Compensation. In addition, if the Board increases the Minimum Annual Compensation at any time during the Term of this Agreement, such increased Minimum Annual Compensation shall become a floor below which Executive's compensation shall not fall at any future time during the Term of this Agreement and shall become Minimum Annual Compensation. Executive's salary shall be payable in periodic installments in accordance with the Company’s usual practice for Executives of the Company.

Minimum Annual Compensation. The Company shall pay to Executive for the services to be rendered hereunder a base salary at an annual rate of Sixty Thousand and 00/100 Dollars one hundred eighty thousand dollars ($60,000.00180,000.00) (the “Minimum Annual Compensation”). There shall be an annual review for merit by the Board and an increase as deemed appropriate to reflect the value of services by Executive. At no time during the Term term of this Agreement shall Executive's annual base salary fall below the Minimum Annual Compensation. In addition, if the Board increases the Minimum Annual Compensation at any time during the Term term of this Agreement, such increased Minimum Annual Compensation shall become a floor below which Executive's compensation shall not fall at any future time during the Term term of this Agreement and shall become Minimum Annual Compensation. Executive's salary shall be payable in periodic installments in accordance with the Company’s usual practice for Executives of the Company.