Common use of Base Salary Increase Clause in Contracts

Base Salary Increase. On March 31, 2004 (the "Anniversary Date"), the Company shall increase Executive's Base Salary by the dollar amount of each of the six Milestone Bonuses referred to in Section 3(b)(1)-(6) above which have been achieved during the period preceding such Anniversary Date. During each year that Executive is employed hereunder, on or before each one-year anniversary of the Anniversary Date (such date, the "Review Date"), the Compensation Committee of the Board shall review Executive's performance and shall determine, in its sole discretion, whether to further increase Executive's Base Salary and any increase shall become effective beginning on the relevant Review Date.