Common use of Salary and Additional Benefits Clause in Contracts

Salary and Additional Benefits. 3.1 Employer shall pay to Employee and Employee agrees to accept as compensation for his services to be rendered hereunder, an initial base salary of Two Hundred and Fifty Thousand Dollars ($250,000) (“Base Salary”) per year for the period commencing with the Commencement Date and ending on the completion of the Contract Term, payable in equal installments on the 15th and last day of each month. In the event the Board of Directors shall by resolution increase the base salary, then this agreement shall be deemed so amended as of the effective date of such resolution or such other date specified in such resolution.

Salary and Additional Benefits. 3.1 Employer shall pay to Employee and Employee agrees to accept as compensation for his services to be rendered hereunder, an initial base salary of Two One Hundred and Fifty Ninety-Five Thousand Dollars ($250,000195,000) (“Base Salary”) per year for the period commencing with the Commencement Date and ending on the completion of the Contract Term, payable in equal installments on the 15th and last day of each month. In the event the Board of Directors shall by resolution increase the base salary, then this agreement shall be deemed so amended as of the effective date of such resolution or such other date specified in such resolution.

Salary and Additional Benefits. 3.1 Employer shall pay to Employee and Employee agrees to accept as compensation for his services to be rendered hereunder, an initial base salary of Two Three Hundred and Fifty Seventy-Five Thousand Dollars ($250,000375,000) (“Base Salary”) per year for the period commencing with the Commencement Date and ending on the completion of the Contract Term, payable in equal installments on the 15th and last day of each month. In the event the Board of Directors shall by resolution increase the base salary, then this agreement shall be deemed so amended as of the effective date of such resolution or such other date specified in such resolution.