Common use of Modification to Compensation Clause in Contracts

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.”

Appears in 2 contracts

Samples: Employment Agreement (Universal Technical Institute Inc), Employment Agreement (Universal Technical Institute Inc)

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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-twenty six (26) equal installments, at a rate of Six Four Hundred Twenty-Nine Twenty Seven Thousand Three Five Hundred Forty-Two Dollars ($629,342427,500) per annum, effective as of October 1, 2012.”

Appears in 2 contracts

Samples: Employment Agreement (Universal Technical Institute Inc), Employment Agreement (Universal Technical Institute Inc)

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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, salary at a rate of Six Hundred Twenty-Nine Thousand Three Hundred Forty-Two Dollars one dollar ($629,3421) per annum, effective as of October 1, 20122012 and paid in one installment on the first date of each fiscal year.”

Appears in 1 contract

Samples: Employment Agreement (Universal Technical Institute Inc)

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