Common use of Reduced Salary Clause in Contracts

Reduced Salary. A reduction of five percent (5%) or more by the Company in either of the following: (i) Xx. Xxxxxx'x annual base salary rate as in effect immediately prior to the Change in Control (except for a less than ten percent (10%), across-the-board annual base salary rate reduction similarly affecting at least ninety-five percent (95%) of the Executive Employees of the Company); or (ii) the sum of Xx. Xxxxxx'x annual base salary rate plus target bonus under the PPP Plan (except for a less than ten percent (10%), across-the-board reduction of annual base salary rate plus target bonus under the PPP Plan similarly affecting at least ninety-five percent (95%) of the Executive Employees of the Company);

Reduced Salary. A reduction of five percent (5%) or more by the Company in either of the following: (i) Xx. Xxxxxx'x Xxxxxxxx'x annual base salary rate as in effect immediately prior to the Change in Control (except for a less than ten percent (10%), across-the-board annual base salary rate reduction similarly affecting at least ninety-five percent (95%) of the Executive Employees of the Company); or (ii) the sum of Xx. Xxxxxx'x Xxxxxxxx'x annual base salary rate plus target bonus under the PPP Plan (except for a less than ten percent (10%), across-the-board reduction of annual base salary rate plus target bonus under the PPP Plan similarly affecting at least ninety-five percent (95%) of the Executive Employees of the Company);

Reduced Salary. A reduction of five percent (5%) or more by the Company in either of the following: (i) Xx. Xxxxxx'x Xxxxxxxxx'x annual base salary rate as in effect immediately prior to the Change in Control (except for a less than ten percent (10%), across-the-board annual base salary rate reduction similarly affecting at least ninety-five percent (95%) of the Executive Employees of the Company); or (ii) the sum of Xx. Xxxxxx'x Xxxxxxxxx'x annual base salary rate plus target bonus under the PPP Plan (except for a less than ten percent (10%), across-the-board reduction of annual base salary rate plus target bonus under the PPP Plan similarly affecting at least ninety-five percent (95%) of the Executive Employees of the Company);

Reduced Salary. A reduction of five percent (5%) or more by the Company in either of the following: (i) Xx. Xxxxxx'x Mr. Franklin's annual base salary rate as in effect immediately effxxx xxxxxxxxxxx prior to the Change in Control (except for a less than ten percent (10%), across-the-board annual base salary rate reduction similarly affecting at least ninety-five percent (95%) of the Executive Employees of the Company); or (ii) the sum of Xx. Xxxxxx'x Mr. Franklin's annual base salary rate plus target bonus under xxxxx xxxxx the PPP Plan (except for a less than ten percent (10%), across-the-board reduction of annual base salary rate plus target bonus under the PPP Plan similarly affecting at least ninety-five percent (95%) of the Executive Employees of the Company);

Reduced Salary. A reduction of five percent (5%) or more by the Company in either of the following: (i) Xx. Xxxxxx'x Xxxxxxx'x annual base salary rate as in effect immediately prior to the Change in Control (except for a less than ten percent (10%), across-the-board annual base salary rate reduction similarly affecting at least ninety-five percent (95%) of the Executive Employees of the Company); or (ii) the sum of Xx. Xxxxxx'x Xxxxxxx'x annual base salary rate plus target bonus under the PPP Plan (except for a less than ten percent (10%), across-the-board reduction of annual base salary rate plus target bonus under the PPP Plan similarly affecting at least ninety-five percent (95%) of the Executive Employees of the Company);

Reduced Salary. A reduction of five percent (5%) or more by the Company in either of the following: (i) Xx. Xxxxxx'x Mr. Wakefield's annual base salary rate as in effect immediately efxxxx xxxxxxxxxxx prior to the Change in Control (except for a less than ten percent (10%), across-the-board annual base salary rate reduction similarly affecting at least ninety-five percent (95%) of the Executive Employees of the Company); or (ii) the sum of Xx. Xxxxxx'x Mr. Wakefield's annual base salary rate plus target bonus under xxxxx xxxxx the PPP Plan (except for a less than ten percent (10%), across-the-board reduction of annual base salary rate plus target bonus under the PPP Plan similarly affecting at least ninety-five percent (95%) of the Executive Employees of the Company);

Reduced Salary. A reduction of five percent (5%) or more by the Company in either of the following: (i) Xx. Xxxxxx'x Mr. Fanning's annual base salary rate as in effect immediately prior to immedixxxxx xxxxx xo the Change in Control (except for a less than ten percent (10%), across-the-board annual base salary rate reduction similarly affecting at least ninety-five percent (95%) of the Executive Employees of the Company); or (ii) the sum of Xx. Xxxxxx'x Mr. Fanning's annual base salary rate plus target bonus under the PPP Plan uxxxx xxx XXX (except for a less than ten percent (10%), across-the-board reduction of annual base salary rate plus target bonus under the PPP Plan similarly affecting at least ninety-five percent (95%) of the Executive Employees of the Company);

Reduced Salary. A reduction of five percent (5%) or more by the Company in either of the following: (i) Xx. Xxxxxx'x Mr. Martin's annual base salary rate as in effect immediately prior to immediaxxxx xxxxx xo the Change in Control (except for a less than ten percent (10%), across-the-board annual base salary rate reduction similarly affecting at least ninety-five percent (95%) of the Executive Employees of the Company); or (ii) the sum of Xx. Xxxxxx'x Mr. Martin's annual base salary rate plus target bonus under the PPP Plan PXX (except for a less than ten percent (10%), across-the-board reduction of annual base salary rate plus target bonus under the PPP Plan similarly affecting at least ninety-five percent (95%) of the Executive Employees of the Company);

Reduced Salary. A reduction of five percent (5%) or more by the Company in either of the following: (i) Xx. Xxxxxx'x Mr. Harris's annual base salary rate as in effect immediately effecx xxxxxxxxxxx prior to the Change in Control (except for a less than ten percent (10%), across-the-board annual base salary rate reduction similarly affecting at least ninety-five percent (95%) of the Executive Employees of the Company); or (ii) the sum of Xx. Xxxxxx'x Mr. Harris's annual base salary rate plus target bonus under xxxxx the PPP Plan (except for a less than ten percent (10%), across-the-board reduction of annual base salary rate plus target bonus under the PPP Plan similarly affecting at least ninety-five percent (95%) of the Executive Employees of the Company);

Reduced Salary. A reduction of five percent (5%) or more by the Company in either of the following: (i) Xx. Xxxxxx'x Mr. Bowden's annual base salary rate as in effect immediately effecx xxxxxxxxxxx prior to the Change in Control (except for a less than ten percent (10%), across-the-board annual base salary rate reduction similarly affecting at least ninety-five percent (95%) of the Executive Employees of the Company); or (ii) the sum of Xx. Xxxxxx'x Mr. Bowden's annual base salary rate plus target bonus under xxxxx the PPP Plan (except for a less than ten percent (10%), across-the-board reduction of annual base salary rate plus target bonus under the PPP Plan similarly affecting at least ninety-five percent (95%) of the Executive Employees of the Company);

Reduced Salary. A reduction of five percent (5%) or more by the Company in either of the following: (i) Xx. Xxxxxx'x Mr. Franklin's annual base salary rate as in effect immediately prior to the immediaxxxx xxxxx xx xhe Change in Control (except for a less than ten percent (10%), across-the-board annual base salary rate reduction similarly affecting at least ninety-five percent (95%) of the Executive Employees of the Company); or (ii) the sum of Xx. Xxxxxx'x Mr. Franklin's annual base salary rate plus target bonus under the PPP Plan unxxx xxx XXX Xxxn (except for a less than ten percent (10%), across-the-board reduction of annual base salary rate plus target bonus under the PPP Plan similarly affecting at least ninety-five percent (95%) of the Executive Employees of the Company);

Reduced Salary. A reduction of five percent (5%) or more by the Company in either of the following: (i) Xx. Xxxxxx'x Xxxxx'x annual base salary rate as in effect immediately prior to the Change in Control (except for a less than ten percent (10%), across-the-board annual base salary rate reduction similarly affecting at least ninety-five percent (95%) of the Executive Employees of the Company); or (ii) the sum of Xx. Xxxxxx'x Xxxxx'x annual base salary rate plus target bonus under the PPP Plan (except for a less than ten percent (10%), across-the-board reduction of annual base salary rate plus target bonus under the PPP Plan similarly affecting at least ninety-five percent (95%) of the Executive Employees of the Company);