Common use of Regular Compensation and Benefits Clause in Contracts

Regular Compensation and Benefits. As basic compensation for the services of Global Partner, the Company shall pay Global Partner an initial base salary of $400,000 per annum, subject to withholdings pursuant to applicable law or regulation, and payable in accordance with the payment practices adopted by the Company. The base salary shall be reviewed by the Company annually, and the rate thereof may be adjusted upward upon such review. During the term of Employment, Global Partner shall be entitled to receive the following benefits: (i) Group hospitalization, major medical, long- term disability and life insurance coverage to the extent such coverage is available to other personnel of the Company in comparable positions with and having duties comparable to those of the Global Partner and such other insurance coverage as is similarly available; (ii) Participation in any bonus or profit sharing plan or pension that the Company makes generally available to its key employees; and (iii) Such vacation, holidays, and other paid or unpaid leaves of absence as the Company's Board of Directors may approve.

Regular Compensation and Benefits. As basic compensation for the services of Global Partner, the Company shall pay Global Partner an initial base salary of $400,000 275,000 per annumannum (exclusive of commissions), subject to withholdings pursuant to applicable law or regulation, and payable in accordance with the payment practices adopted by the Company. The base salary shall be reviewed by the Company annually, and the rate thereof may be adjusted upward upon such review. During the term of Employment, Global Partner shall be entitled to receive the following benefits: (i) Group hospitalization, major medical, long- long-term disability and life insurance coverage to the extent such coverage is available to other personnel of the Company in comparable positions with and having duties comparable to those of the Global Partner and such other insurance coverage as is similarly available; (ii) Participation in any bonus or profit sharing plan or pension that the Company makes generally available to its key employees; and (iii) Such vacation, holidays, and other paid or unpaid leaves of absence as the Company's Board of Directors may approve.

Regular Compensation and Benefits. As basic compensation for the services of Global Partner, the Company shall pay Global Partner an initial base salary of $400,000 310,000 per annum, subject to withholdings pursuant to applicable law or regulation, and payable in accordance with the payment practices adopted by the Company. The base salary shall be reviewed by the Company annually, and the rate thereof may be adjusted upward upon such review. During the term of Employment, Global Partner shall be entitled to receive the following benefits: (i) Group hospitalization, major medical, long- long-term disability and life insurance coverage to the extent such coverage is available to other personnel of the Company in comparable positions with and having duties comparable to those of the Global Partner and such other insurance coverage as is similarly available; (ii) Participation in any bonus or profit sharing plan or pension that the Company makes generally available to its key employees; and (iii) Such vacation, holidays, and other paid or unpaid leaves of absence as the Company's Board of Directors may approve.

Regular Compensation and Benefits. As basic compensation for the services of Global Partner, the Company shall pay Global Partner an initial base salary of $400,000 450,000 per annum, subject to withholdings pursuant to applicable law or regulation, and payable in accordance with the payment practices adopted by the Company. The base salary shall be reviewed by the Company annually, and the rate thereof may be adjusted upward upon such review. During the term of Employment, Global Partner shall be entitled to receive the following benefits: (i) Group hospitalization, major medical, long- long-term disability and life insurance coverage to the extent such coverage is available to other personnel of the Company in comparable positions with and having duties comparable to those of the Global Partner and such other insurance coverage as is similarly available; (ii) Participation in any bonus or profit sharing plan or pension that the Company makes generally available to its key employees; and (iii) Such vacation, holidays, and other paid or unpaid leaves of absence as the Company's Board of Directors may approve.