Common use of No Other Compensation; Review Clause in Contracts

No Other Compensation; Review. Executive shall not be entitled to any compensation for services from the Company as an employee, Director or otherwise during the Employment Period other than the compensation specified in this Agreement. The Board may elect to review the Executive’s performance and base salary from time to time, and may increase, but not decrease, the Executive’s salary as provided herein. Any such increase in salary shall be deemed to constitute an amendment of this Agreement solely with respect to the base salary provided in Section 3.1. ARTICLE 4

Appears in 2 contracts

Samples: Employment Agreement (Corautus Genetics Inc), Employment Agreement (Corautus Genetics Inc)

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No Other Compensation; Review. Executive shall not be entitled to any compensation for services from the Company as an employee, Director or otherwise during the Employment Period other than the compensation specified in this Agreement. The Board may elect to review the Executive’s performance and base salary from time to time, and may increase, but not decrease, the Executive’s salary as provided herein. Any such increase in salary shall be deemed to constitute an amendment of this Agreement solely with respect to the base salary provided in Section 3.1. ARTICLE 4.

Appears in 1 contract

Samples: Employment Agreement (Corautus Genetics Inc)

No Other Compensation; Review. Executive shall not be entitled to any compensation for services from the Company as an employee, Director employee or otherwise during the Employment Period other than the compensation specified in this Agreement. The Board may elect to review the Executive’s performance and base salary from time to time, and may increase, but not decrease, the Executive’s salary as provided herein. Any such increase in salary shall be deemed to constitute an amendment of this Agreement solely with respect to the base salary provided in Section 3.1. ARTICLE 4.

Appears in 1 contract

Samples: Employment Agreement (Corautus Genetics Inc)

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No Other Compensation; Review. Executive shall not be entitled to any compensation for services from the Company as an employee, Director employee or otherwise during the Employment Period other than the compensation specified in this Agreement. The Board may elect to review the Executive’s performance and base salary from time will be reviewed annually upon the recommendation of the CEO to time, the Compensation Committee and may increase, but not decrease, independent members of the Executive’s salary as provided hereinBoard. Any such increase adjustment in salary shall be deemed to constitute an amendment of this Agreement solely with respect to the base salary provided in Section 3.1. ARTICLE 4.

Appears in 1 contract

Samples: Employment Agreement (Corautus Genetics Inc)

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