Common use of Base Salary; Bonus; Benefits Clause in Contracts

Base Salary; Bonus; Benefits. (a) During the Employment Period, the Company (or any of its Affiliates) shall pay the Executive a minimum annual base salary (the “Base Salary”) of $300,000, but subject to the Company-wide 10% salary reduction in effect as of the Commencement Date resulting in a minimum Base Salary of $270,000 until such time as the 10% salary reduction is rescinded. Such Base Salary will be payable in such installments (but not less often than monthly) as is generally the policy of the Company with respect to the payment of regular compensation to its executive officers. The Base Salary may be increased from time to time in the sole discretion of the Board. The Executive will also be entitled to four weeks vacation per year under and subject to the Company’s policy. Such vacation shall accrue and may be taken in accordance with the Company’s policy in effect from time to time with respect to its executive officers generally, subject to the Company’s right at any time and from time to time generally to amend, modify, change or terminate such vacation policy in any respect. The Executive will also be entitled to such other benefits as may be made available to other executive officers of the Company generally, including participation in such health, life and disability insurance programs and retirement or savings plans, if any, as the Company may from time to time maintain in effect, as well as a monthly car allowance in accordance with the Company’s policy from time to time for similarly situated executives, in all cases subject to the Company’s right at any time and from time to time generally to amend, modify, change or terminate in any respect any of its employee and other benefit plans, policies, or programs. The Company will reimburse the Executive for the reasonable costs incurred by the Executive for temporary housing in the vicinity of Dublin, OH, until the first to occur of (i) the Executive’s relocation to the Dublin, OH, vicinity and (ii) June 30, 2010. The Company will also reimburse the Executive for the reasonable costs and expenses incurred by the Executive (grossed up to cover any net income tax obligation incurred by the Executive with respect to such reimbursement) to relocate to the Dublin, OH, vicinity subject to and in accordance with the Company’s relocation policy.

Base Salary; Bonus; Benefits. (a) During the Employment Period, the Company (or any of its Affiliates) shall pay the Executive a minimum annual base salary (the “Base Salary”) of $300,000225,000, but subject to the Company-wide 10% salary reduction in effect as of the Commencement Date resulting in a minimum Base Salary of $270,000 until such time as the 10% salary reduction is rescinded. Such Base Salary will be payable in such installments (but not less often than monthly) as is generally the policy of the Company with respect to the payment of regular compensation to its executive officers. The Base Salary may be increased from time to time in the sole discretion of the Board. The Executive will also be entitled to four three weeks vacation per year (pro-rated in 2011) under and subject to the Company’s policy. Such vacation shall accrue and may be taken in accordance with the Company’s policy in effect from time to time with respect to its executive officers generally, subject to the Company’s right at any time and from time to time generally to amend, modify, change or terminate such vacation policy in any respect. The Executive will also be entitled to such other benefits as may be made available to other executive officers of the Company generally, including participation in such health, life and disability insurance programs and retirement or savings plans, if any, as the Company may from time to time maintain in effect, as well as a monthly car allowance in accordance with the Company’s policy from time to time for similarly situated executives, in all cases subject to the Company’s right at any time and from time to time generally to amend, modify, change or terminate in any respect any of its employee and other benefit plans, policies, or programs; provided however, that during the period from the Commencement Date until December 31, 2011, the Executive has requested, and the Company has agreed, that the Executive and his family will not participate in the Company’s’ health insurance plan but instead the Executive and his family shall continue coverage under the Executive’s former employer’s health insurance program and the Company shall reimburse the Executive for his COBRA premiums in a monthly amount of $1,167.18. The Company will reimburse the Executive for the reasonable costs incurred by the Executive for temporary housing in the vicinity of Dublin, OH, until the first to occur of (i) the Executive’s relocation to the Dublin, OH, vicinity and (ii) June November 30, 20102011. The Company will also reimburse the Executive for the reasonable costs and expenses incurred by the Executive (grossed up to cover any net income tax obligation incurred by the Executive with respect to such reimbursement) to relocate to the Dublin, OH, vicinity subject to and in accordance with the Company’s relocation policy.

Base Salary; Bonus; Benefits. (a) During the Employment Period, the Company (or any of its Affiliates) shall pay the Executive a minimum annual base salary (the “Base Salary”) of $300,000260,000, but subject to the Company-wide 10% salary reduction in effect as of the Commencement Date resulting in a minimum Base Salary of $270,000 until such time as the 10% salary reduction is rescinded. Such Base Salary will be payable in such installments (but not less often than monthly) as is generally the policy of the Company with respect to the payment of regular compensation to its executive officers. Such Base Salary will not be subject to the 10% salary reduction currently in effect for Company employees and therefore, will not be adjusted when the 10% salary reduction is rescinded. The Base Salary may be increased from time to time in the sole discretion of the Board. The Executive will also be entitled to four weeks vacation per year (pro-rated to two weeks in 2010) under and subject to the Company’s policy. Such vacation shall accrue and may be taken in accordance with the Company’s policy in effect from time to time with respect to its executive officers generally, subject to the Company’s right at any time and from time to time generally to amend, modify, change or terminate such vacation policy in any respect. The Executive will also be entitled to such other benefits as may be made available to other executive officers of the Company generally, including participation in such health, life and disability insurance programs and retirement or savings plans, if any, as the Company may from time to time maintain in effect, as well as a monthly car allowance in accordance with the Company’s policy from time to time for similarly situated executives, in all cases subject to the Company’s right at any time and from time to time generally to amend, modify, change or terminate in any respect any of its employee and other benefit plans, policies, or programs. The Company will reimburse the Executive for the reasonable costs incurred by the Executive for temporary housing in the vicinity of Dublin, OH, until the first to occur of (i) the Executive’s relocation to the Dublin, OH, vicinity and (ii) June 30, 20102011. The Company will also reimburse the Executive for the reasonable costs and expenses incurred by the Executive (grossed up to cover any net income tax obligation incurred by the Executive with respect to such reimbursement) to relocate to the Dublin, OH, vicinity subject to and in accordance with the Company’s relocation policy.

Base Salary; Bonus; Benefits. (a) During the Employment Period, the Company (or any of its Affiliates) shall pay the Executive a minimum annual base salary (the “Base Salary”) of $300,000425,000.00, but subject to the Company-wide 10% salary reduction in effect as of the Commencement Date resulting in a minimum Base Salary of $270,000 until such time as the 10% salary reduction is rescinded. Such Base Salary will be payable in such installments (but not less often than monthly) as is generally the policy of the Company with respect to the payment of regular compensation to its executive officersemployees. The Base Salary may be increased from time to time in the sole discretion of the BoardBoard (or a committee thereof). The Executive will also be entitled to four weeks vacation per year under and subject to the Company’s policy. Such vacation shall accrue and may be taken in accordance with the Company’s policy in effect from time to time with respect to its executive officers employees generally, subject to the Company’s 's right at any time and from time to time generally to amend, modify, change or terminate such vacation policy in any respect. The Executive will also be entitled to such other benefits as may be made available to other executive officers of the Company generally, including participation in such health, life and disability insurance programs and retirement or savings plans, if any, as the Company may from time to time maintain in effect, as well as a monthly car allowance of $1,200.00 in accordance with the Company’s policy from time to time for similarly situated executives, in all cases subject to the Company’s 's right at any time and from time to time generally to amend, modify, change or terminate in any respect any of its employee and other benefit plans, policies, or programs. The Company will reimburse the Executive for the reasonable costs incurred by the Executive for temporary housing in the vicinity of Dublin, OH and for travel between the Executive’s residence in Wilmington, DE and Dublin, OH, until the first to occur of (i) the Executive’s relocation to the Dublin, OH, vicinity and (ii) June August 30, 20102013, to the extent such costs are incurred in accordance with all applicable policies of the Company. The Company will also reimburse the Executive for the reasonable costs and expenses incurred by the Executive (grossed up to cover any net income tax obligation incurred by the Executive with respect to such reimbursement) to relocate to the Dublin, OH, vicinity subject to and in accordance with the Company’s relocation policy.