Common use of Periodic Reviews Clause in Contracts

Periodic Reviews. During January of each year during the term hereof, the Board of Directors of the Company shall review Executive's Annual Salary, bonus, stock options, and additional benefits then being provided to Executive. Following each such review, the Company may in its discretion increase the Annual Salary, bonus, stock options, and benefits; however, the Company shall not decrease such items during the period Executive serves as an employee of the Company. Prior to November 30th of each year during the term hereof, the Board of Directors of the Company shall communicate in writing the results of such review to Executive.

Periodic Reviews. During January of each year during the term hereof, the Board of Directors of the Company shall review Executive's Annual Salary, bonus, stock options, and additional benefits then being provided to Executive. Following each such review, the Company may in its discretion increase the Annual Salary, bonus, stock options, and benefits; however, the Company shall not decrease such items during the period Executive serves as an employee of the Company. Prior to November 30th February 28th of each year during the term hereof, the Board of Directors of the Company shall communicate in writing the results of such review to Executive.

Periodic Reviews. During January of each year during the term hereof, the Compensation Committee of the Board of Directors of the Company Company, when such committee is formed, shall review Executive's Annual Salary, bonus, stock options, and additional benefits then being provided to Executive. Following each such review, the Company may in its discretion increase the Annual Salary, bonus, stock options, and benefits; however, the Company shall not decrease such items during the period Executive serves as an employee of the Company. Prior to November 30th February 28th of each year during the term hereof, the Board of Directors of the Company shall communicate in writing the results of such review to Executive.

Periodic Reviews. During January of each year during the term hereof, the Board of Directors of the Company shall review ExecutiveOfficer 's Annual Salary, bonus, stock options, and additional benefits then being provided to ExecutiveOfficer . Following each such review, the Company may in its discretion increase the Annual Salary, bonus, stock options, and benefits; however, the Company shall not decrease such items during the period Executive Officer serves as an employee of the Company. Prior to November 30th March 31st of each year during the term hereof, the Board of Directors of the Company shall communicate in writing the results of such review to ExecutiveOfficer .

Periodic Reviews. During January of each year during the term hereof, the Board of Directors of the Company shall review Executive's Annual Salary, bonus, stock options, and additional benefits then being provided to Executive. Following each such review, the Company may in its discretion increase the Annual Salary, bonus, stock options, and benefits; however, the Company shall not decrease such items during the period Executive serves as an employee of the Company. Prior to November 30th February 28th of each year during the term hereof, the Board of Directors of the Company shall communicate in writing the results of such review to Executive. THE COMPANY: EXECUTIVE: AVIATION DISTRIBUTORS, INC.