Common use of Annual Compensation Clause in Contracts

Annual Compensation. From the date hereof until termination of the Employee’s employment hereunder in accordance with Section 3, the Company shall pay to the Employee a fixed base salary at an annual rate of $170,000 (the “Annual Payment”). The Annual Payment shall be paid to the Employee in accordance with the normal payroll practices of the Company as in effect from time to time. The amount of the Annual Payment may be increased, in the sole discretion of the Company, to be effective upon any renewal of the term of this Agreement.

Annual Compensation. From the effective date hereof until the termination of the Employee’s employment hereunder in accordance with Section 34, the Company shall pay to the Employee a fixed base salary at an annual rate of $170,000 130,000 per annum (the “Annual Payment”). The Annual Payment shall be paid to the Employee in accordance with the normal payroll practices of the Company as in effect from time to time. The amount of the Annual Payment may be increased, in the sole discretion of the Company, to be effective upon any renewal of the term of this Agreement.

Annual Compensation. From the date hereof until the termination of the Employee’s employment hereunder in accordance with Section 30, the Company shall pay to the Employee a fixed base salary at an annual rate of $170,000 250,000 per annum (the “Annual Payment”). The Annual Payment shall be paid to the Employee in accordance with the normal payroll practices of the Company as in effect from time to time. The amount of the Annual Payment may be increased, in the sole discretion of the Company, to be effective upon any renewal of the term of this Agreement.

Annual Compensation. From the date hereof until the termination of the Employee’s employment hereunder in accordance with Section 34, the Company shall pay to the Employee a fixed base salary at an annual rate of $170,000 120,000 per annum (the “Annual Payment”). The Annual Payment shall be paid to the Employee in accordance with the normal payroll practices of the Company as in effect from time to time. The amount of the Annual Payment may be increased, in the sole discretion of the Company, to be effective upon any renewal of the term of this Agreement.

Annual Compensation. From the date hereof until the termination of the Employee’s employment hereunder in accordance with Section 34, the Company shall pay to the Employee a fixed base salary at an annual rate of $170,000 145,000 per annum (the “Annual Payment”); provided, however, that the Annual Payment shall be increased to an annual rate of $150,000 per annum from and after the Effective Date. The Annual Payment shall be paid to the Employee in accordance with the normal payroll practices of the Company as in effect from time to time. The amount of the Annual Payment may be increased, in the sole discretion of the Company, to be effective upon any renewal of the term of this Agreement.

Annual Compensation. From the date hereof until the termination of the Employee’s employment hereunder in accordance with Section 34, the Company shall pay to the Employee a fixed base salary at an annual rate of $170,000 150,000 per annum (the “Annual Payment”); provided, however, that the Annual Payment shall be increased to an annual rate of $200,000 per annum from and after the Effective Date. The Annual Payment shall be paid to the Employee in accordance with the normal payroll practices of the Company as in effect from time to time. The amount of the Annual Payment may be increased, in the sole discretion of the Company, to be effective upon any renewal of the term of this Agreement.

Annual Compensation. From the date hereof until termination of the Employee’s employment hereunder in accordance with Section 3, the Company shall pay to the Employee a fixed base salary at an annual rate of $170,000 450,000 (the “Annual Payment”). The Annual Payment shall be paid to the Employee in accordance with the normal payroll practices of the Company as in effect from time to time. The amount of the Annual Payment may be increased, in the sole discretion of the Company, to be effective upon any renewal of the term of this Agreement.

Annual Compensation. From the date hereof until the termination of the Employee’s employment hereunder in accordance with Section 34, the Company shall pay to the Employee a fixed base salary at an annual rate of $170,000 250,000 per annum (the “Annual Payment”); provided, however, that the Annual Payment shall be increased to an annual rate of $350,000 per annum from and after the Effective Date. The Annual Payment shall be paid to the Employee in accordance with the normal payroll practices of the Company as in effect from time to time. The amount of the Annual Payment may be increased, in the sole discretion of the Company, to be effective upon any renewal of the term of this Agreement.

Annual Compensation. From the date hereof until the termination of the Employee’s employment hereunder in accordance with Section 34, the Company shall pay to the Employee a fixed base salary at an annual rate of $170,000 100,000 per annum (the “Annual Payment”). The Annual Payment shall be paid to the Employee in accordance with the normal payroll practices of the Company as in effect from time to time. The amount of the Annual Payment may be increased, in the sole discretion of the Company, to be effective upon any renewal of the term of this Agreement.

Annual Compensation. From the date hereof until termination of the Employee’s employment hereunder in accordance with Section 3, the Company shall pay to the Employee a fixed base salary at an annual rate of $170,000 200,000 (the “Annual Payment”). The Annual Payment shall be paid to the Employee in accordance with the normal payroll practices of the Company as in effect from time to time. The amount of the Annual Payment may be increased, in the sole discretion of the Company, to be effective upon any renewal of the term of this Agreement.

Annual Compensation. From the date hereof and after April 1, 2015 until termination of the Employee’s employment hereunder in accordance with Section 3, the Company shall pay to the Employee a fixed base salary at an annual rate of $170,000 225,000 (the “Annual Payment”). The Subject to Section 2.8, the Annual Payment shall be paid to the Employee in accordance with the normal payroll practices of the Company as in effect from time to time. The amount of the Annual Payment may be increased, in the sole discretion of the Company, to be effective upon any renewal of the term of this Agreement.

Annual Compensation. From the date hereof until the termination of the Employee’s employment hereunder in accordance with Section 34, the Company shall pay to the Employee a fixed base salary at an annual rate of $170,000 130,000 per annum (the “Annual Payment”); provided, however, that the Annual Payment shall be increased to an annual rate of $190,000 per annum from and after the Effective Date. The Annual Payment shall be paid to the Employee in accordance with the normal payroll practices of the Company as in effect from time to time. The amount of the Annual Payment may be increased, in the sole discretion of the Company, to be effective upon any renewal of the term of this Agreement.