Reduction in Compensation of [Shareholder who started business] Sample Clauses

Reduction in Compensation of [Shareholder who started business]. The annual management fee of ____________ as an employee of the Company shall be reduced by the corresponding percentage of shares owned by ____________ to Issued Shares. By way of illustration only, when ____________ attains ownership 10% of Issued Shares, the annual compensation of ____________ will be reduced by 10% to $81,000. This reduction shall become effective as of the date of the transfer of ownership of the corresponding shares to ____________.
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Related to Reduction in Compensation of [Shareholder who started business]

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