Common use of Salary and Expenses Clause in Contracts

Salary and Expenses. Company shall pay Employee a base salary at an annual rate of $300,000 for the period from the Effective Date through and including February 2/nd/ 2002 and $325,000 for fiscal year 2002, with an increase to at least $350,000 per year for fiscal year 2003, in each case less standard income and payroll tax withholding and other authorized deductions. Such salary shall be earned and shall be payable in regular installments in accordance with Company's normal payroll practices. Employee shall also be entitled to reimbursement for reasonable business expenses in accordance with Company policy.

Salary and Expenses. Company shall pay Employee a base salary at an annual rate of $300,000 600,000 for the period from the Effective Date through and including February 2/nd/ 2002 Company's 2003 fiscal year (i.e., Company's fiscal year beginning in 2003), $650,000 for Company's 2004 fiscal year, and $325,000 700,000 for Company's 2005 fiscal year 2002, with an increase to at least $350,000 per year for fiscal year 2003year, in each case less standard income and payroll tax withholding and other authorized deductions. Such salary shall be earned and shall be payable in regular installments in accordance with Company's normal payroll practices. Employee shall also be entitled to reimbursement for reasonable business expenses in accordance with Company policy.

Salary and Expenses. Company shall pay Employee a base salary at an annual rate of $300,000 350,000 for the period from the Effective Date date hereof through and including February 2/nd/ 2002 January 31, 2004, $375,000 for Company’s fiscal year 2004, and $325,000 400,000 for Company’s fiscal year 2002, with an increase to at least $350,000 per year for fiscal year 20032005, in each case less standard income and payroll tax withholding and other authorized deductions. Such salary shall be earned and shall be payable in regular installments in accordance with Company's ’s normal payroll practices. Employee shall also be entitled to reimbursement for reasonable business expenses in accordance with Company policy.