Modification to Compensation. The first sentence of Section 5.a. of the Employment Agreement is hereby amended and restated in its entirety as follows: “A base salary, paid in twenty-six (26) equal installments, at a rate of Six Hundred Twenty-Nine Thousand Three Hundred Forty-Two Dollars ($629,342) per annum, effective as of October 1, 2012.”
Modification to Compensation. The Employer must specify in the Adoption Agreement the Compensation the Plan Administrator is to take into account in allocating Deferral Contributions to a Participant's Account. For all Plan Years other than the Plan Year in which the Employee first becomes a Participant, the Plan Administrator will take into account only the Compensation determined for the portion of the Plan Year in which the Employee actually is a Participant.
Modification to Compensation. The first sentence of paragraph 5(a) of the Employment Agreement shall be modified to state, "As of June 1, 2000, Company shall pay to Employee a base salary of One Hundred Fifty-five Thousand Dollars ($155,000) per year."
