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: (a) Executive's highest annual base salary rate as in effect at any time during the twelve (12) month period immediately preceding the date of the Change in Control ("Base Salary") (except for a less than ten percent (10%), across-the-board base salary rate reduction similarly affecting at least ninety-five percent (95%) of all Executive Employees of the Company); or (b) the sum of Executive's Base Salary plus target bonus under the Company's short term bonus plan, as in effect immediately prior to the Change in Control (except for a less than ten percent (10%), across-the-board reduction of base salary plus target bonus under such short term plan similarly affecting at least ninety-five percent (95%) of all Executive Employees of the Company);

Reduced Salary. A reduction of five percent (5%) -------------- or more by -------------- the Company in either of the following: (a) Executive's highest annual base salary rate as in effect at any time during the twelve (12) month period immediately preceding the date of the Change in Control ("Base Salary") (except for a less than ten percent (10%), across-the-board base salary rate reduction similarly affecting at least ninety-five percent (95%) of all Executive Employees of the Company); or (b) the sum of Executive's Base Salary plus target bonus under the Company's short term bonus plan, as in effect immediately prior to the Change in Control (except for a less than ten percent (10%), across-the-board reduction of base salary plus target bonus under such short term plan similarly affecting at least ninety-five percent (95%) of all Executive Employees of the Company);

Reduced Salary. A reduction of five percent (5%) or more by -------------- the Company in either of the following: (a) Executive's highest annual base salary rate as in effect at any time during the twelve (12) month period immediately preceding the date of the Change in Control ("Base Salary") (except for a less than ten percent (10%), across-the-board base salary rate reduction similarly affecting at least ninety-five percent (95%) of all Executive Employees of the Company); or (b) the sum of Executive's Base Salary plus target bonus under the Company's short term bonus plan, as in effect immediately prior to the Change in Control (except for a less than ten percent (10%), across-the-board reduction of base salary plus target bonus under such short term plan similarly affecting at least ninety-five percent (95%) of all Executive Employees of the Company);

Reduced Salary. A reduction of five percent (5%) or more by -------------- --------------- the Company in either of the following: (a) Executive's highest annual base salary rate as in effect at any time during the twelve (12) month period immediately preceding the date of the Change in Control ("Base Salary") (except for a less than ten percent (10%), across-the-board base salary rate reduction similarly affecting at least ninety-five percent (95%) of all Executive Employees of the Company); or (b) the sum of Executive's Base Salary plus target bonus under the Company's short term bonus plan, as in effect immediately prior to the Change in Control (except for a less than ten percent (10%), across-the-board reduction of base salary plus target bonus under such short term plan similarly affecting at least ninety-five percent (95%) of all Executive Employees of the Company);