Common use of Salary, Bonus and Benefits Clause in Contracts

Salary, Bonus and Benefits. The Company will pay Executive a base salary to be determined by the Chief Executive Officer, subject to any annual increase during the Employment Period as determined by the Chief Executive Officer based upon the Company's achievements of budgetary and other objectives set by the Board (the "ANNUAL BASE SALARY"). Executive shall also be eligible to receive a bonus (the "BONUS") determined in accordance with the Company's compensation plan, as established from time to time by the compensation committee of the Board, and the Executive shall be eligible to participate in the Company's split-dollar insurance policy in accordance with SECTION 1(c) below. Executive's Annual Base Salary and Bonus for any partial year will be prorated based upon the number of days elapsed in such year. In addition, during the Employment Period, Executive will be entitled to such other benefits approved by the Chief Executive Officer and made available to the Company's senior executives, including, but not limited to, vacation time, tuition reimbursement, reimbursement of business expenses, car allowance and healthcare benefits.

Salary, Bonus and Benefits. The Company will pay Executive a base salary to be determined by the Chief Executive OfficerBoard, subject to any annual increase during the Employment Period as determined by the Chief Executive Officer Board based upon the Company's achievements of budgetary and other objectives set by the Board (the "ANNUAL BASE SALARY"). Executive shall also be eligible to receive a bonus (the "BONUS") determined in accordance with the Company's compensation plan, as established from time to time by the compensation committee of the Board, and the Executive shall be eligible to participate in the Company's split-dollar insurance policy in accordance with SECTION 1(c) below. Executive's Annual Base Salary and Bonus for any partial year will be prorated based upon the number of days elapsed in such year. In addition, during the Employment Period, Executive will be entitled to such other benefits approved by the Chief Executive Officer Board and made available to the Company's senior executives, including, but not limited to, vacation time, tuition reimbursement, reimbursement of business expenses, car allowance and healthcare benefits.