Purchasers' Salary Clause Samples

Purchasers' Salary. AOS shall immediately enter into an employment contract with Rebecca L. Smith to manage AO▇ ▇▇ ▇▇ ▇▇▇▇▇▇ ▇alary equal to the greater of Eighty-five Thousand Dollars ($85,000.00) or the amount established by the CPA Firm auditing the financial statements of Seller as reasonable compensation for said position. Said agreement shall not be terminable by Seller, or any of its subsidiaries, as long as either Clarence or Rebecca Smith are ▇▇▇▇▇▇▇▇ gu▇▇▇▇▇▇▇▇ ▇▇ ▇he promissory note dated on or about November 19, 2004 due from AOS to Huntington National Bank, or any replacement thereof, together with all other debt of AOS personally guaranteed by Clarence and Rebecca Smith.