Common use of Adjustment in Salary Clause in Contracts

Adjustment in Salary. The Employee's salary shall be increased at the discretion of the Compensation Committee of the Board of Directors of the Company. The salary of the Employee shall not be decreased at any time during the term of this Agreement unless the Employee agrees otherwise in writing. Participation in deferred compensation, discretionary bonuses, retirement and other employee benefit plans and fringe benefits shall not reduce the salary payable to the Employee.

Adjustment in Salary. The Employee's salary shall be increased at the discretion of the Compensation Committee of the Board of Directors of the Company. The salary of the Employee shall not be decreased at any time during the term of this Agreement unless the Employee agrees otherwise in writing. Participation in deferred compensation, discretionary bonuses, retirement and other employee benefit plans and fringe benefits shall not reduce the salary payable to the Employeeemployee.