Common use of Regular Compensation Clause in Contracts

Regular Compensation. The Employer shall pay to the Executive, as compensation for his services and for his covenants and other obligations hereunder, a salary at the rate of Two Hundred Thousand ($200,000) per annum (the “Base Salary”); payable in accordance with the regular and customary payroll practices of the Employer and subject to applicable taxes and withholding. During the remainder of the Term, the Executive’s salary shall not be less than that amount absent his approval, and shall be subject to increase at the discretion of the Employer’s Board of Directors. However, if the Employer’s Board of Directors institutes a company-wide cost cutting initiative including reducing salaries for all comparable-level executives, then the Employer may reduce the Executive’s salary by an amount not to exceed 10% without breach of this agreement. The Executive shall also participate in a cash incentive compensation plan as may be reasonably prescribed by the Employer under which the Executive shall be eligible for a bonus of Two Hundred Thousand ($200,000) per annum (subject to proportionate adjustment for the actual period covered by such compensation plan) (the “Bonus Plan”); provided the Executive fully satisfies his objectives for each applicable period.

Regular Compensation. The Employer shall pay to the Executive, as compensation for his services and for his covenants and other obligations hereunder, a salary at the rate of Two Hundred Thousand ($200,000) per annum (the “Base Salary”); payable in accordance with the regular and customary payroll practices of the Employer and subject to applicable taxes and withholding. During the remainder of the Term, the Executive’s salary shall not be less than that amount absent his approval, and shall be subject to increase at the discretion of the Employer’s Board of Directors. However, if the Employer’s Board of Directors institutes a company-wide cost cutting initiative including reducing salaries for all comparable-level executives, then the Employer may reduce the Executive’s salary by an amount not to exceed 10% without breach of this agreement. The Executive shall also participate in a cash incentive compensation plan as may be reasonably prescribed by the Employer under which the Executive shall be eligible for a bonus of Two Three Hundred Thousand ($200,000300,000) per annum (subject to proportionate adjustment for the actual period covered by such compensation plan) (the “Bonus Plan”); provided the Executive fully satisfies his objectives for each applicable period.

Regular Compensation. The Employer shall pay to the Executive, as compensation for his services and for his covenants and other obligations hereunder, a salary at the rate of Two One Hundred and Eighty-Five Thousand ($200,000185,000) per annum (the “Base Salary”); payable in accordance with the regular and customary payroll practices of the Employer and subject to applicable taxes and withholding. During the remainder of the Term, the Executive’s salary shall not be less than that amount absent his approval, and shall be subject to increase at the discretion of the Employer’s Board of Directors. However, if the Employer’s Board of Directors institutes a company-wide cost cutting initiative including reducing salaries for all comparable-level executives, then the Employer may reduce the Executive’s salary by an amount not to exceed 10% without breach of this agreement. The Executive shall also participate in a cash incentive compensation plan as may be reasonably prescribed by the Employer under which the Executive shall be eligible for a bonus of Two One Hundred and Eighty-Five Thousand ($200,000185,000) per annum (subject to proportionate adjustment for the actual period covered by such compensation plan) (the “Bonus Plan”); provided the Executive fully satisfies his objectives for each applicable period.

Regular Compensation. The Employer shall pay to the Executive, as compensation for his services and for his covenants and other obligations hereunder, a salary at the rate of Two One Hundred and Eighty-Five Thousand ($200,000185,000) per annum (the “Base Salary”); payable in accordance with the regular and customary payroll practices of the Employer and subject to applicable taxes and withholding. During the remainder of the Term, the Executive’s salary shall not be less than that amount absent his approval, and shall be subject to increase at the discretion of the Employer’s Board of Directors. However, if the Employer’s Board of Directors institutes a company-wide cost cutting initiative including reducing salaries for all comparable-level executives, then the Employer may reduce the Executive’s salary by an amount not to exceed 10% without breach of this agreement. The Executive shall also participate in a cash incentive compensation plan as may be reasonably prescribed by the Employer under which the Executive shall be eligible for a bonus of Two One Hundred Thousand ($200,000100,000) per annum (subject to proportionate adjustment for the actual period covered by such compensation plan) (the “Bonus Plan”); provided the Executive fully satisfies his objectives for each applicable period.

Regular Compensation. The Employer shall pay to the Executive, as compensation for his services and for his covenants and other obligations hereunder, a salary at the rate of Two One Hundred and Eighty Thousand ($200,000180,000) per annum (the “Base Salary”); payable in accordance with the regular and customary payroll practices of the Employer and subject to applicable taxes and withholding. During the remainder of the Term, the Executive’s salary shall not be less than that amount absent his approval, and shall be subject to increase at the discretion of the Employer’s Board of Directors. However, if the Employer’s Board of Directors institutes a company-wide cost cutting initiative including reducing salaries for all comparable-level executives, then the Employer may reduce the Executive’s salary by an amount not to exceed 10% without breach of this agreement. The Executive shall also participate in a cash incentive compensation plan as may be reasonably prescribed by the Employer under which the Executive shall be eligible for a bonus of Two Hundred Ninety Thousand ($200,00090,000) per annum (subject to proportionate adjustment for the actual period covered by such compensation plan) (the “Bonus Plan”); provided the Executive fully satisfies his objectives for each applicable period.