Common use of Base Salary and Fringe Benefits Clause in Contracts

Base Salary and Fringe Benefits. Except as otherwise provided herein, as compensation for these services hereunder, the Corporation will pay to Employee, in installments and on dates in accordance with its normal payroll, during the period of his employment hereunder, a base salary at the aggregate rate of one hundred seventy-five thousand ($175,000) per annum, subject to the right of the parties, by mutual agreement, to adjust such rate upward in respect of any future period after the date hereof, (hereinafter referred to as "Base Pay"). In addition the Corporation shall:

Base Salary and Fringe Benefits. Except as otherwise provided herein, as compensation for these services hereunder, the Corporation will pay to Employee, in installments and on dates in accordance with its normal payroll, during the period of his employment hereunder, a base salary at the aggregate rate of one hundred seventy-five fifty thousand dollars ($175,000150,000) per annumyear, subject to the right of the parties, by mutual agreement, to adjust such rate upward in respect of any future period calendar year or years after the date hereof, (hereinafter referred to as "Base Pay"). In addition the Corporation shall:

Base Salary and Fringe Benefits. Except as otherwise provided herein, as compensation for these services hereunder, the Corporation will pay to Employee, in installments and on dates in accordance with its normal payroll, during the period of his employment hereunder, a base salary at the aggregate rate of one hundred seventy-five thirty thousand dollars ($175,00030,000) per annummonth, subject to the right of the parties, by mutual agreement, to adjust such rate upward in respect of any future period after the date hereof, (hereinafter referred to as "Base Pay"). In addition the Corporation shall: