Common use of Base Salary Clause in Contracts

Base Salary. The Company shall pay the Executive an annualized base salary of $340,000.00 in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Base Salary. The For all the services rendered by Executive hereunder, the Company shall pay the Executive an annualized annual base salary ("Base Salary"), commencing on the Effective Date, at the annual rate of $340,000.00 in periodic installments 350,000, payable in accordance with the Company’s 's customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary 's Base Salary shall be reviewed at least annually for appropriate increases by the Board and compensation committee of the Board maypursuant to the its normal performance review policies for senior level executives, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to decreased at any time, is hereinafter referred to as “Base Salary”.

Base Salary. The Company shall will pay to the Executive an annualized annual base salary of $340,000.00 in periodic installments 350,000, payable in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly's policies. The Executive’s 's annual base salary shall will be reviewed by the Company for possible increase (but not decrease) at least annually by once in each calendar year through the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”Term of this Agreement.

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 275,000.00 in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s annual base salary shall may be reviewed at least annually increased from time to time by the Board and the Board mayCompensation Committee, but shall may not be required to, increase decreased without the base salary during the Employment TermExecutive’s written consent. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 500,000 in periodic installments in accordance with the Company’s customary payroll practicespractices and applicable wage payment laws, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, may increase but shall not be required to, increase decrease the Executive’s base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.”.

Base Salary. The Executive’s annual base salary will be $370,000.00 (the “Base Salary”), which shall be paid ratably by the Company shall pay to the Executive an annualized base salary of $340,000.00 in periodic installments each month in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, practices as in effect from time to time. The Base Salary shall be reviewed on an annual basis following the 2015 calendar year and may be increased (but not decreased) by the Board, is hereinafter referred to with any such increase taking effect as “Base Salary”of the first day of the applicable calendar year.

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 1,500,000 in periodic installments in accordance with the Company’s customary payroll practicespractices and applicable wage payment laws, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment TermCompany. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.”.

Base Salary. The Company shall pay the Executive an annualized annual base salary of $340,000.00 323,950 in near equal, periodic installments in accordance with the Company’s customary payroll practicespractices and applicable wage payment laws, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. The (a) During the Term of employment, the Company shall pay the Executive an annualized annual base salary of $340,000.00 150,000, payable in periodic substantially equal installments in accordance with that shall be weekly, bi-weekly, semi-monthly or monthly, depending on the Company’s customary payroll practicespolicy that the Company adopts for payment of base salary to its senior officers. (b) The Executive's base salary will be subject to review at least once at the end of each calendar year, but provided that upon each review the annual increase shall be no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by 10% of the Board and Base for the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”immediately preceding year.

Base Salary. The During the Employment Period, the Company shall pay the Executive a base salary at an annualized rate of $412,000, payable in installments on the Company’s regular payroll dates. The Board shall review Executive’s base salary annually during the Employment Period and may increase (but not decrease) such base salary from time to time, based on its periodic review of $340,000.00 in periodic installments Executive’s performance in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthlyregular policies and procedures. The Executive’s annual base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect payable to Executive from time to time, is time under this Section 4 shall hereinafter be referred to as the “Base Salary.”.

Base Salary. The Company shall will pay to the Executive an annualized annual base salary of $340,000.00 in periodic installments 300,000, payable in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly's policies. The Executive’s 's annual base salary shall will be reviewed by the Company for possible increase (but not decrease) at least annually by once in each calendar year through the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”Term of this Agreement.

Base Salary. The Company In consideration for all services rendered by Executive during the term of this Agreement, Employer shall pay the Executive an annualized annual base salary (before all customary and proper payroll deductions) of $340,000.00 in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, 220,000 as in effect adjusted from time to time, is hereinafter referred to as time (“Base Salary”). The Board of Directors of the Employer shall review Executive’s salary each year, in a manner consistent with that used for all management employees of the Employer, and in its sole discretion may adjust such salary commensurate with the Executive’s performance under this Agreement.

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 800,000 in periodic installments in accordance with the Company’s customary payroll practicespractices and applicable wage payment laws, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, may increase or decrease the Executive’s base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.”.

Base Salary. The During the Term, the Company shall pay the to Executive an annualized base salary of $340,000.00 in periodic installments 600,000 (the “Base Salary”), payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s customary standard payroll practices, but no not less frequently than semi-monthly. The Executive’s base salary shall Base Salary will be reviewed at least annually by the Board and may be increased (but not decreased without the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time consent) to time, is hereinafter referred to as “Base Salary”reflect the Executive’s performance and responsibilities.

Base Salary. The Company shall pay Effective as of the Effective Date, the Executive an annualized shall receive a base salary at the annualized rate of $340,000.00 450,000 (the “Base Salary”), paid in periodic equal bi-monthly installments in accordance with the Company’s customary regularly established payroll practices, but no less frequently than semi-monthlyprocedure. The Executive’s base salary Such Base Salary shall be reviewed at least annually by the Board Company’s compensation committee and the Board may, but shall not be required to, increase in the base salary during first quarter of each fiscal year; any adjustment to the Employment Term. The Executive’s annual base salary, Base Salary shall be retroactively effective as in effect from time to time, is hereinafter referred to as “Base Salary”of the first day of such fiscal year.

Base Salary. The During the Term, the Company shall pay to the Executive an annualized a base salary at an annual rate of not less than $340,000.00 320,000, in periodic substantially equal installments in accordance with the regular payroll practices of the Company’s customary payroll practices, but no not less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually subject to annual review by the Board and Compensation Committee of the Board may(the “Committee”) and may be increased, but shall not be required todecreased, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred time by the Committee. The base salary as determined herein and adjusted from time to as time shall constitute “Base Salary”” for purposes of this Agreement.

Base Salary. The During the Employment Term, the Company shall pay the Executive an annualized a base salary at the annual rate of $340,000.00 450,000 payable in periodic regular installments in accordance with the Company’s customary usual payroll practices, but no less frequently than semi-monthly. The Board shall review Executive’s base salary shall be reviewed at least annually by the Board once per annum, and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is shall hereinafter be referred to as the “Base Salary”.

Base Salary. The During the Employment Term, the Company shall pay to the Executive an annualized a base salary of not less than $340,000.00 in periodic installments in accordance with 665,000 per annum (the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”). The Board shall review Executive’s Base Salary annually (after approval of the forthcoming year’s budget and receipt of the prior year’s financial statements) and increase it by an amount no less than the increase in the consumer price index for the Washington, D.C. metropolitan area from the immediately preceding year.

Base Salary. The Company shall pay Executive’s annualized Base Salary as of the Executive an annualized base salary date of this Agreement is $340,000.00 in periodic installments 550,000, payable in accordance with the regular payroll practices of the Company’s customary payroll practices, but . The Base Salary shall be reviewed no less frequently than semi-monthly. The annually, and any changes thereto (which shall thereafter be deemed the Executive’s base salary Base Salary) shall be reviewed at least annually by solely within the Board and discretion of the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”Board.

Base Salary. The Company shall pay Executive's annualized Base Salary as of the Executive an annualized base salary date of this Agreement is $340,000.00 in periodic installments 355,249.78, payable in accordance with the regular payroll practices of the Company’s customary payroll practices, but . The Base Salary shall be reviewed no less frequently than semi-monthly. The annually, and any changes thereto (which shall thereafter be deemed the Executive’s base salary 's Base Salary) shall be reviewed at least annually by solely within the Board and discretion of the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”Board.

Base Salary. The During the term of Executive's employment hereunder, the Company shall pay the Executive an annualized annual base salary (the "Base Salary") at the initial annual rate of $340,000.00 225,000, payable in periodic regular installments in accordance with the Company’s customary payroll practices, 's usual payment practices but no less frequently than semi-monthlymonthly during the Employment Term. The Executive’s base salary 's Base Salary shall be reviewed at least annually by for increase in the Board and reasonable discretion of the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”Board.

Base Salary. The Company shall pay the Executive an annualized base salary of $340,000.00 220,000.00 in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Base Salary. The For all the services rendered by Executive hereunder, the Company shall pay the Executive an annualized a base salary of $340,000.00 in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as (“Base Salary”) at the annual rate of $284,000, payable bi-weekly in installments at such times as the Company customarily pays its other senior level executives. Executive’s Base Salary shall be reviewed annually for appropriate increases by any of the Chief Executive Officer, the Board or the Compensation Committee of the Board (the “Compensation Committee”) pursuant to the normal performance review policies for senior level executives.

Base Salary. The Company shall pay the Executive an annualized a base salary of $340,000.00 27,083.33 per month ($325,000 annualized), payable in equal periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by practices (the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”). The amount of the Base Salary shall be reviewed annually and may be increased from time to time in the sole discretion of the Company’s Remuneration Committee and the Board.

Base Salary. The Company shall pay the Executive an annualized annual base salary of $340,000.00 450,000.00 in periodic installments in accordance with the Company’s customary payroll practicespractices and applicable wage payment laws, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary during the Employment Termat its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.”.

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 279,250 in periodic installments in accordance with under the Company’s 's customary payroll practicespractices and applicable wage payment laws, but no less frequently than semi-monthly. The Compensation Committee of the Board (the "Compensation Committee") shall review the Executive’s 's base salary shall be reviewed at least annually by the Board and the Board may, Compensation Committee may increase (but shall not be required to, increase decrease) the Executive's base salary during the Employment Term. The Executive’s 's annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”."

Base Salary. The Company shall pay During the Term, the Executive will receive an annualized annual base salary of $340,000.00 400,000. The Board will review the Executive’s base salary annually and, in periodic installments its discretion, may recommend increases, but not decreases, to the amount of such base salary based upon procedures of the Employer that determine adjustments for other executives of the Employer. The initial annual base salary, together with any increases, shall be the Executive’s annual base salary (“Base Salary”). The Base Salary will be payable in accordance with the CompanyEmployer’s customary regular payroll payment practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Base Salary. The Company Employer shall pay the Executive an annualized annual rate of base salary of $340,000.00 EUR 167,729 in periodic installments in accordance with under the Company’s 's customary payroll practices, but no less frequently than semi-monthlypractices and applicable wage payment laws. The Compensation Committee of the Board (the "Compensation Committee") shall review the Executive’s 's base salary shall be reviewed at least annually by the Board and the Board may, Compensation Committee may increase (but shall not be required to, increase decrease) the Executive's base salary during the Employment Term. The Executive’s 's annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”."

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 340,000 in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthlypractices and applicable wage payment laws. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.”.

Base Salary. The Company shall pay the Executive an annualized Executive's base salary hereunder shall be ----------- $225,000 a year, payable monthly and prorated for any partial year of $340,000.00 in periodic installments in accordance with the Company’s customary payroll practicesemployment. The Board shall review such base salary at least annually and make such adjustment from time to time as it may deem advisable, but no less frequently than semi-monthly. The Executive’s the base salary shall not at any time be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”less than $225,000 a year.

Base Salary. The Company shall pay to the Executive an annualized base annual salary of $340,000.00 (the “Base Salary”) payable in periodic substantially equal installments at such intervals as may be determined by the Company in accordance with the Company’s customary its ordinary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect established from time to time. The Base Salary shall be reviewed annually and increased as appropriate for market changes, commencing effective January 1, 2024. Executive annualized Base Salary as of the Effective Date is hereinafter referred to as “$320,000. The Base Salary”Salary shall not be decreased by the Company except with the prior written consent of the Executive.

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 400,000 (Four Hundred Thousand Dollars) in periodic installments in accordance with the Company’s 's customary payroll practicespractices and applicable wage payment laws, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall may not be required to, increase the base salary decreased during the Employment TermTerm other than as part of an across-the-board salary reduction that applies in the same manner to all senior executives. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.”.

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 225,000 in periodic installments in accordance with the Company’s customary payroll practicespractices and applicable wage payment laws, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, may increase the Executive’s base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.”.

Base Salary. The Company shall pay to the Executive an annualized base annual salary of $340,000.00 (the “Base Salary”) payable in periodic substantially equal installments at such intervals as may be determined by the Company in accordance with the Company’s customary its ordinary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect established from time to time. The Base Salary shall be reviewed annually and increased as appropriate for market changes, commencing effective January 1, 2024. Executive annualized Base Salary as of the Effective Date is hereinafter referred to as “$300,000.48. The Base Salary”Salary shall not be decreased by the Company except with the prior written consent of the Executive.

Base Salary. The During the Term the Executive’s annual base salary shall be Two Hundred Fifty Thousand Dollars ($250,000.00) per year, which shall be payable by the Company shall pay to the Executive an annualized base salary of $340,000.00 in periodic installments in accordance consistent with the Company’s normal payroll schedule, subject to customary payroll practices, but no less frequently than semi-monthlywithholding as required by applicable law. The Executive’s This annual base salary shall be reviewed at least annually by the Board periodically, and the Board may, but shall not be required to, increase may adjust the base salary during the Employment Term. The Executive’s annual base salary, as in effect salary from time to timetime as the Board deems to be appropriate subject to Executive’s performance, is hereinafter referred to as “Base Salary”the Company’s financial condition and market conditions.

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 [BASE SALARY] in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Base Salary. The Company shall pay the Executive an annualized annual base salary of AUD $340,000.00 200,000 in periodic installments in accordance with the Company’s customary payroll practicespractices and applicable wage payment laws, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board Compensation Committee of the Board, and the Compensation Committee of the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Base Salary. The During the Term, the Company shall pay the Executive an annualized a base salary at an annual rate of Three Hundred Fifty Thousand and NO/100 Dollars ($340,000.00 in periodic installments 350,000.00), payable in accordance with the Company’s customary 's normal payroll practices, but no less frequently than semi-monthlypractices for employees as in effect from time to time. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s 's annual base salary, as in effect from time to time, is hereinafter referred to as “the "Base Salary”." The Base Salary shall be reviewed annually by the Board, and, in the sole discretion of the Board, may be increased (but not decreased) effective as of the date determined by the Board.

Base Salary. The Company shall pay Executive's annualized Base Salary as of the Executive an annualized base salary date of this Agreement is $340,000.00 in periodic installments 424,360.00, payable in accordance with the regular payroll practices of the Company’s customary payroll practices, but . The Base Salary shall be reviewed no less frequently than semi-monthly. The annually, and any changes thereto (which shall thereafter be deemed the Executive’s base salary 's Base Salary) shall be reviewed at least annually by solely within the Board and discretion of the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”Board.

Base Salary. The Company shall pay the Executive an annualized A base annual salary of $340,000.00 in periodic installments 331,000, payable in accordance with the CompanyEmployer’s customary payroll practices, but no less frequently than semi-monthlystandard practice for other senior executives. The Executive’s base salary shall be reviewed at least annually subject to annual review by the Board and Board’s Compensation Committee for discretionary periodic increases (but not decreases) in accordance with the Board may, but Employer’s compensation policies. References to “Base Salary” in this Agreement shall not be required to, increase to the base salary during the Employment Term. The Executive’s annual set forth in this Paragraph 4(a) and shall include any increases to such base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Base Salary. The Company shall pay the Executive an annualized A base annual salary of $340,000.00 in periodic installments 300,000, payable in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthlyEmployer's standard practice for other senior executives. The Executive’s 's base salary shall be reviewed at least annually subject to annual review by the Board and Board's Compensation Committee for discretionary periodic increases in accordance with the Board may, but Employer's compensation policies. References to "Base Salary" in this Agreement shall not be required to, increase to the base salary during the Employment Term. The Executive’s annual set forth in this Paragraph 4.a and shall include any increases to such base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”salary made hereby.

Base Salary. The Company shall will pay the Executive an annualized annual base salary (“Base Salary”) of Two Hundred Thousand Dollars ($340,000.00 200,000), payable in periodic substantially equal monthly or more frequent installments in accordance with the Company’s normal and customary payroll practices, but no less frequently than semi-monthly. The Board may review and further adjust Executive’s base salary shall be reviewed at least annually by the Board Base Salary from time to time in its sole and the Board mayabsolute discretion, but shall not be required to, increase the base salary provided that during the Employment Term. The Period the Company may not decrease Executive’s annual base salary, as Base Salary below the amount set forth in effect from time to time, is hereinafter referred to as this section. Any such increased Base Salary shall be and become the “Base Salary”” for purposes of this Agreement.

Base Salary. The Company shall pay Executive's annualized Base Salary as of the Executive an annualized base salary date of this Agreement is $340,000.00 in periodic installments 298,700.00, payable in accordance with the regular payroll practices of the Company’s customary payroll practices, but . The Base Salary shall be reviewed no less frequently than semi-monthly. The annually, and any changes thereto (which shall thereafter be deemed the Executive’s base salary 's Base Salary) shall be reviewed at least annually by solely within the Board and discretion of the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”Board.

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 275,000 US in periodic installments in accordance with the Company’s customary payroll practicespractices and applicable wage payment laws, but no less frequently than semi-monthly. The Executive’s 's base salary shall be reviewed at least annually by the by the compensation committee of the Board (the “Compensation Committee”) and the Board Compensation Committee may, but shall not be required to, increase the Executive’s base salary during the Employment Term. The Executive’s annual base salary shall be adjusted to $300,000 US on January 1, 2021. Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.”.

Base Salary. The Company shall pay the Executive an annualized annual base salary of $340,000.00 750,000 USD in periodic installments in accordance with the Company’s 's customary payroll practices, but no less frequently than semi-monthlypractices and applicable wage payment laws. The Executive’s 's base salary shall can discretionarily be reviewed at least annually by the Board from time-to-time, and the Board Company may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s 's annual base salary, as in effect from time to time, is hereinafter referred to as “"Base Salary”".

Base Salary. The Company shall pay Executive’s annualized Base Salary as of the Executive an annualized base salary date of this Agreement is $340,000.00 in periodic installments 424,360.00, payable in accordance with the regular payroll practices of the Company’s customary payroll practices, but . The Base Salary shall be reviewed no less frequently than semi-monthly. The annually, and any changes thereto (which shall thereafter be deemed the Executive’s base salary Base Salary) shall be reviewed at least annually by solely within the Board and discretion of the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”Board.

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 260,000 in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthlypractices and applicable wage payment laws. The Executive’s base salary shall may be reviewed at least annually from time to time by the Board Company, and the Board Company may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.”.

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 in periodic installments in accordance 400,000. Such base salary shall be paid consistently with the Company’s customary payroll then current pay practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the (but not decrease) base salary then in effect during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Base Salary. The During the Term, the Company shall pay the Executive an annualized annual base salary of $340,000.00 in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as 260,000 (“Base Salary”). The Board shall review the Executive’s Base Salary each year and shall have the right in its discretion to increase such Base Salary. With the Executive’s prior consent, the Executive’s Base Salary may be reduced by an amount and for a period mutually agreed between the Executive and the Company so long as such reduction is made in conjunction with similar reductions in base salary for other executives or employees of the Company.

Base Salary. The Company shall pay the Executive an annualized base salary of $340,000.00 204,000.00 in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Base Salary. The During the Employment Term, the Company shall pay the Executive an annualized annual base salary of $340,000.00 375,000 per annum in periodic installments cash (the “Annual Base Salary”). Executive’s Annual Base Salary will be subject to annual review by the Board. The Annual Base Salary due to Executive hereunder shall be paid in accordance with the Company’s customary general Company payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Base Salary. The Company shall pay the Executive an annualized Executive's base salary hereunder shall be ----------- $290,000 a year, payable monthly and prorated for any partial year of $340,000.00 in periodic installments in accordance with the Company’s customary payroll practicesemployment. The Board shall review such base salary at least annually and make such adjustment from time to time as it may deem advisable, but no less frequently than semi-monthly. The Executive’s the base salary shall not at any time be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”less than $290,000 a year.

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 250,000 in periodic installments in accordance with under the Company’s 's customary payroll practicespractices and applicable wage payment laws, but no less frequently than semi-monthly. The Compensation Committee of the Board (the “Compensation Committee”) shall review the Executive’s base salary shall be reviewed at least annually by the Board and the Board may, Compensation Committee may increase (but shall not be required to, increase decrease) the Executive's base salary during the Employment Term. The Executive’s 's annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.”.

Base Salary. The Company In consideration for all services rendered by Executive during the term of this Agreement, Employer shall pay the Executive an annualized annual base salary (before all customary and proper payroll deductions) of $340,000.00 in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, 332,872 as in effect adjusted from time to time, is hereinafter referred to as time (“Base Salary”). The Board of Directors of the Employer shall review Executive’s salary each year, in a manner consistent with that used for all management employees of the Employer, and in its sole discretion may adjust such salary commensurate with the Executive’s performance under this Agreement.

Base Salary. The Company shall pay Commencing as of the Effective Date, the Executive shall be paid an annualized base salary Base Salary of $340,000.00 in periodic installments 420,000, payable in accordance with the regular payroll practices of the Company’s customary payroll practices, but . The Base Salary shall be reviewed no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by for increase in the Board and discretion of the Board mayCEO and, but shall not be required toif applicable, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”Board.

Base Salary. The During the Term, the Company shall pay the Executive an annualized annual base salary in the amount of $340,000.00 in periodic installments 1,000,000 (“Base Salary”), less applicable payroll taxes and withholdings, payable in accordance with the Company’s customary normal payroll practices, but no less frequently than semi-monthly. The Company will review Executive’s base salary shall be reviewed at least annually by Base Salary annually, and, in the Board and sole discretion of the Board mayCompany, may increase (but may not decrease) such Base Salary from time to time, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time obligated to time, is hereinafter referred to as “Base Salary”effectuate any increase.

Base Salary. The During the Employment Term, the Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 400,000 in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board Compensation Committee and the Board Compensation Committee may, but shall not be required to, increase (but not decrease) the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Base Salary. The Company shall pay the Executive an annualized base salary (“Annual Base Salary”) at a rate of $340,000.00 in periodic installments in accordance with US$400,000, payable pursuant to the Company’s customary regular payroll practicespractices for its executives in effect at the time. For fiscal year 2011, but no less frequently than semi-monthlythe Executive’s Annual Base Salary will be prorated from the Effective Date. The Executive’s base salary Annual Base Salary shall be reviewed at least annually by the Board and Chief Executive Officer, for increase only, at such time as the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”salaries of other senior executives of Patheon are reviewed generally.

Base Salary. The Company Executive shall pay the Executive receive an annualized annual base salary (“Annual Base Salary”) of no less than $340,000.00 300,000. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Company’s board of directors (the “Compensation Committee”) pursuant to its normal performance review policies for senior executives and may be increased but not decreased. The term Annual Base Salary as utilized in periodic this Agreement shall refer to Annual Base Salary as in effect from time to time. Such Annual Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”policies.

Base Salary. The Company shall pay During the Executive an annualized Term, the Executive’s base salary of $340,000.00 in periodic installments (the “Base Salary”) shall be paid in accordance with the CompanyCorporation’s customary regular payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as practices in effect from time to time, is hereinafter referred but not less frequently than in monthly installments. As of the Effective Date, the Executive’s Base Salary shall be at an annualized rate of $320,000. During the term hereof, subject to as “Section 5, the Corporation will annually (in January of each year commencing in 2016) review and adjust the Executive’s rate of Base Salary”.

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 240,000 in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthlypractices and applicable wage payment laws. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.”.

Base Salary. The From and after the Effective Date, the Company shall pay the Executive an annualized a base salary at the annual rate of $340,000.00 650,000.00 payable in periodic regular installments in accordance with the Company’s customary usual payroll practices, but no less frequently than semi-monthly. The Board shall review Executive’s base salary shall be reviewed at least annually by the Board once per annum, and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is shall hereinafter be referred to as the “Base Salary”.

Base Salary. The Beginning on the date hereof, the Company shall pay the Executive an annualized Executive, in equal installments no less frequently than monthly, a base salary of $340,000.00 in periodic installments in accordance with 412,000 per annum (the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”), less all applicable withholdings, during the Term. Executive's Base Salary shall be reviewed by the People Services (Compensation) Committee of the Board (the “Compensation Committee”) on an annual basis.

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 350,000 in periodic installments in accordance with the Company’s customary payroll practicespractices and applicable wage payment laws, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Compensation Committee of the Board (the “Compensation Committee”) and the Board may, but shall not be required to, Compensation Committee may increase the Executive’s base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.”.

Base Salary. The Effective with this Agreement and the Executive’s continued employment hereunder, the Company shall pay the Executive an annualized a base salary at the annualized rate of $340,000.00 400,000, payable in periodic regular installments in accordance with the Company’s customary payroll practicespayment practices from time to time. Executive shall be entitled to annual performance and salary review, but no less frequently than semi-monthly. The Executive’s and any increase in base salary shall be reviewed at least annually by in the Board and sole discretion of the Board may, but shall not be required to, increase Compensation Committee of the base salary during the Employment TermBoard. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary”.

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of USD $340,000.00 240,000, in periodic installments in accordance with the Company’s customary payroll practicespractices and applicable wage payment laws, but no less frequently than semibi-monthlyweekly. The Executive’s base salary shall be reviewed at least annually by the Board and Compensation Committee of the Board may(the “Compensation Committee”). However, but shall the Executive’s base salary may not be required to, increase the base salary decreased during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Base Salary. The Company shall pay During the Employment Term, the Executive shall receive an annualized base salary (“Annual Base Salary”) of not less than $340,000.00 in periodic installments in accordance with 375,000 payable pursuant to the Company’s customary normal payroll practices. During the Employment Term, but no less frequently than semi-monthly. The Executive’s base salary the current Annual Base Salary shall be reviewed for increase at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to such time, is hereinafter referred to and in the same manner as “Base Salary”the salaries of senior officers of the Company are reviewed generally.

Base Salary. The Company shall pay the Executive an annualized A base annual salary of $340,000.00 in periodic installments 250,000, payable in accordance with the CompanyEmployer’s customary payroll practices, but no less frequently than semi-monthlystandard practice for other comparable executives. The Executive’s base salary shall be reviewed at least annually subject to annual review by the Board and of Directors of the Board may, but Employer (the “Board”) for discretionary periodic increases in accordance with the Employer’s compensation policies. References to “Base Salary” in this Agreement shall not be required to, increase to the base salary during the Employment Term. The Executive’s annual set forth in this Paragraph 4.A. and shall include any increases to such base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”salary made hereby.

Base Salary. The Company shall pay the Executive an annualized annual base salary of $340,000.00 as set forth in periodic Schedule A attached hereto, less all applicable taxes and withholdings, in bi-weekly installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthlypractices and applicable wage payment laws. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment TermCompensation Committee. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.”.

Base Salary. The Company shall pay the Executive an annualized annual base salary of $340,000.00 220,000 annually, $150,000 of which will be payable in periodic installments in accordance with the Company’s customary regular payroll practices, but no less frequently than semiand $70,000 of which will be paid in lump sum at the end of the then-monthlycurrent fiscal year, or, in the sole discretion of the Board, prorated over the one year period upon completion of a financing. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Base Salary. The Company shall pay the Executive an annualized a base salary (the “Base Salary”) at the annual rate of three hundred seventy-five thousand dollars ($340,000.00 375,000), as of the Commencement Date). The Base Salary shall be payable in substantially equal periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, practices as in effect from time to time. Company shall deduct from each such installment all amounts required to be deducted or withheld under applicable law or under any employee benefit plan in which Executive participates. The Company shall review the Base Salary on an annual basis and may increase, is hereinafter referred to as “but not decrease, the Base Salary”.

Base Salary. The Company Employer shall pay the Executive an annualized annual rate of base salary of $340,000.00 EUR 255,825 in periodic installments in accordance with under the Company’s 's customary payroll practices, but no less frequently than semi-monthlypractices and applicable wage payment laws. The Compensation Committee of the Board (the "Compensation Committee") shall review the Executive’s 's base salary shall be reviewed at least annually by the Board and the Board may, Compensation Committee may increase (but shall not be required to, increase decrease) the Executive's base salary during the Employment Term. The Executive’s 's annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”."

Base Salary. The Company shall pay the Executive an annualized a base salary (“Base Salary”) at the rate of $340,000.00 269,280 per annum (less applicable deductions and withholdings), payable in periodic installments payments in accordance with the Company’s customary normal payroll practices. During the Term, but no less frequently than semi-monthly. The Executive’s base salary compensation shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to time and at least once every 12 months. Any increase or decrease in Base Salary (together with the then existing Base Salary) shall serve as the “Base Salary”” under this Agreement.

Base Salary. The Company Employer shall pay the to Executive an annualized base salary of Four Hundred Sixty-Eight Thousand Dollars ($340,000.00 in periodic installments 468,000) (the "Base Salary"), less taxes and applicable withholdings, payable in accordance with the Company’s customary payroll Employer' s regularly scheduled payroll. Base Salary will be subject to review and adjustment in accordance with Employer's normal performance review practices, but no less frequently than semi-monthlyannually. The Effective as of the date of any change to Executive’s base salary 's Base Salary, the Base Salary as so changed shall be reviewed at least annually by considered the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “new Base Salary”Salary for all purposes of this Agreement.

Base Salary. The During Executive’s employment, the Company shall pay the Executive an annualized initial base salary at the rate of $340,000.00 in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, 275,000 per annum (as in effect from time to time, is hereinafter referred to as the “Base Salary”). The Base Salary shall be payable in regular installments in accordance with the Company’s regular payroll practices and shall be subject to all applicable tax withholdings and deductions. If Executive is still employed by the Company as of that time, then, on or after each anniversary of this Agreement, the Base Salary shall be reviewed by the Board for any increase, provided that it shall automatically be increased by $25,000 as of such anniversary date.

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 233,676 in periodic installments in accordance with under the Company’s 's customary payroll practicespractices and applicable wage payment laws, but no less frequently than semi-monthly. The Compensation Committee of the Board (the "Compensation Committee") shall review the Executive’s 's base salary shall be reviewed at least annually by the Board and the Board may, Compensation Committee may increase (but shall not be required to, increase decrease) the Executive's base salary during the Employment Term. The Executive’s 's annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”."

Base Salary. The Company Executive shall pay the Executive initially be paid an annualized base salary of $340,000.00 in periodic installments Base Salary, payable in accordance with the regular payroll practices of the Company’s customary payroll practices, but no of $325,000. No less frequently than semi-monthly. The annually, the Executive’s base salary Base Salary shall be reviewed at least annually by the Board and the Board may, Compensation Committee who may (but is not obligated to) adjust such Base Salary in its sole discretion; provided that Base Salary shall not be required to, increase decreased. Any such increased Base Salary shall be the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”” for all purposes under this Agreement.

Base Salary. The Company shall pay Executive's annualized Base Salary as of the Executive an annualized base salary date of this Agreement is $340,000.00 in periodic installments 458,719.77, payable in accordance with the regular payroll practices of the Company’s customary payroll practices, but . The Base Salary shall be reviewed no less frequently than semi-monthly. The annually, and any changes thereto (which shall thereafter be deemed the Executive’s base salary 's Base Salary) shall be reviewed at least annually by solely within the Board and discretion of the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”Board.

Base Salary. The Company shall pay the Executive an annualized Executive’s annual base salary of (“Base Salary”) will continue to be $340,000.00 in periodic installments 284,000, less payroll deductions and all required withholdings, payable in accordance with the Company’s customary normal payroll practices, but no less frequently than semi-monthly. The Board or a committee of the Board shall review Executive’s base salary shall Base Salary periodically and any adjustments to Executive’s Base Salary, if any, will be reviewed made solely at least annually by the discretion of the Board and or a committee of the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”Board.

Base Salary. The Company shall pay During the Executive an annualized term hereof, the Executive’s base salary of $340,000.00 in periodic installments (the “Base Salary”) shall be paid in accordance with the CompanyCorporation’s customary regular payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as practices in effect from time to time, is hereinafter referred but not less frequently than in monthly installments. As of the Effective Date, the Executive’s Base Salary shall be at an annualized rate of $375,000. During the term hereof, the Corporation may review and adjust the Executive’s rate of Base Salary from time to as “Base Salary”time.

Base Salary. The Company initially shall pay the to Executive an annualized annual base salary (the "Base Salary") of $340,000.00 in periodic installments in accordance with 99,000. The Base Salary shall be reviewed by the Company’s customary payroll practices, but Board no less frequently than semi-monthlyannually and may be increased (but not decreased) at the discretion of the Board. If the Executive's Base Salary is increased, the increased amount shall be the Base Salary for the remainder of the Employment Period. The Executive’s base salary Base Salary shall be reviewed at least annually by payable monthly or in such other installments as shall be consistent with the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as Company's payroll procedures in effect from time to time, is hereinafter referred to as “Base Salary”.

Base Salary. The Company shall pay During the Executive an annualized term hereof, the Executive’s base salary of $340,000.00 in periodic installments (the “Base Salary”) shall be paid in accordance with the CompanyCorporation’s customary regular payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as practices in effect from time to time, is hereinafter referred but not less frequently than in monthly installments. As of the Effective Date, the Executive’s Base Salary shall be at an annualized rate of $350,000. During the term hereof, the Corporation may review and adjust the Executive’s rate of Base Salary from time to as “Base Salary”time.

Base Salary. The Company shall pay the Executive an annualized base salary of $340,000.00 300,000.00 per annum (the “Annual Base Salary”), which base salary will be subject to review effective at least annually thereafter by the Company for possible increases. The base salary shall be payable in periodic installments equal installments, no less frequently than twice per month, in accordance with the Company’s customary regular payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Base Salary. The Company shall pay the Executive an annualized a base salary (“Base Salary”) at an annual rate of $340,000.00 525,000 per year. Executive’s Base Salary shall be reviewed annually and from time to time may be adjusted upward in periodic the reasonable good faith judgment of the Board or its compensation committee (the “Compensation Committee”). Executive’s Base Salary shall be paid in approximately equal installments in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board policies and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as practices in effect from time to time, is hereinafter referred to as “Base Salary”but in no event less frequently than monthly.

Base Salary. The Company shall pay the Executive an annualized A base annual salary of $340,000.00 in periodic installments 200,000, payable in accordance with the CompanyEmployer’s customary payroll practices, but no less frequently than semi-monthlystandard practice for other comparable executives. The Executive’s base salary shall be reviewed at least annually subject to annual review by the Board and of Directors of the Board may, but Employer (the “Board”) for discretionary periodic increases in accordance with the Employer’s compensation policies. References to “Base Salary” in this Agreement shall not be required to, increase to the base salary during the Employment Term. The Executive’s annual set forth in this Paragraph 4.A. and shall include any increases to such base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”salary made hereby.

Base Salary. The Company shall pay the Executive an annualized annual base salary of $340,000.00 350,000. in periodic installments in accordance with the Company’s customary payroll practicespractices and applicable wage payment laws, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s Executive annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Base Salary. The During the Term, the Company shall pay the Executive an annualized annual base salary of Three Hundred Thousand Dollars ($340,000.00 in periodic installments 300,000) (the "Annual Base Salary") payable in accordance with the Company’s customary 's regular payroll practices, but no not less frequently than semi-monthlytwice per month. The Executive’s base salary Annual Base Salary shall be reviewed by the Company's Board of Directors, or compensation committee of such board, at least annually by the Board and the Board may, may be adjusted upwards (but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”downwards).

Base Salary. The Company shall pay the Executive an annualized annual base salary of Three Hundred Twenty-Five Thousand Dollars ($340,000.00 in periodic installments 325,000) (“Base Salary”), payable in accordance with the general payroll practices of the Company’s customary payroll practices, but no less frequently than semi-monthly. The Board will review Executive’s base salary shall be reviewed at least performance and Base Salary annually by the Board and the Board may, but shall not be required toin its sole discretion, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”, or decrease it by up to 10 percent if there is a salary reduction affecting substantially all senior executive officers of the Company.

Base Salary. The Company shall pay the Executive an annualized A base annual salary of $340,000.00 in periodic installments 518,000, payable in accordance with the CompanyEmployer’s customary payroll practices, but no less frequently than semi-monthlystandard practice for other senior executives. The Executive’s base salary shall be reviewed at least annually subject to annual review by the Board and Board’s Compensation Committee for discretionary periodic increases (but not decreases) in accordance with the Board may, but Employer’s compensation policies. References to “Base Salary” in this Agreement shall not be required to, increase to the base salary during the Employment Term. The Executive’s annual set forth in this Paragraph 4(a) and shall include any increases to such base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Base Salary. The Company shall will pay to Executive during the Executive an annualized Term a base salary at the annual rate of $340,000.00 450,000 ("Annual Base Salary") in periodic effect at the Effective Date, payable in cash in substantially equal monthly installments during each calendar year, or portion thereof, of the Term and otherwise in accordance with the Company’s customary 's usual payroll practices, but no less frequently than semi-monthlypractices with respect to senior executives. The Executive’s base salary 's Annual Base Salary shall be reviewed by the Company at least annually by the Board once in each calendar year and the Board maymay be increased above, but shall may not be required toreduced below, increase the base salary during the Employment Term. The Executive’s annual then-current rate of such base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.

Base Salary. The During the Employment Term, the Company shall pay to the Executive an annualized a base salary of $340,000.00 in periodic installments in accordance with not less than $ 961,175 per annum (the Company’s customary payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”). The Board shall review Executive’s Base Salary annually (after approval of the forthcoming year’s budget and receipt of the prior year’s financial statements) and increase it by an amount no less than the increase in the consumer price index for the Washington, D.C. metropolitan area from the immediately preceding year.

Base Salary. The Company shall pay the Executive an annualized Executive’s base salary of $340,000.00 in periodic installments (the “Base Salary”) shall be paid in accordance with the Company’s customary regular payroll practices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as practices in effect from time to time, is hereinafter referred to as “but not less frequently than in monthly installments. The Executive’s initial Base Salary”Salary shall be at an annualized rate of Three Hundred Seventy Five Thousand Dollars ($375,000). The Company may review the Executive’s Base Salary annually and may increase the Executive’s Base Salary from the rate then in effect based on such review.

Base Salary. The Company shall pay the Executive an annualized A base annual salary of $340,000.00 in periodic installments 345,000, payable in accordance with the CompanyEmployer’s customary payroll practices, but no less frequently than semi-monthlystandard practice for other comparable executives. The Executive’s base salary shall be reviewed at least annually subject to annual review by the Board and for discretionary periodic increases in accordance with the Board may, but Employer’s compensation policies. References to “Base Salary” in this Agreement shall not be required to, increase to the base salary during the Employment Term. The Executive’s annual set forth in this Paragraph 4.A. and shall include any increases to such base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”salary made hereby.

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 600,000 in periodic installments in accordance with the Company’s customary payroll practicespractices and applicable wage payment laws, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, may increase but shall not be required to, increase decrease the Executive’s base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.”.

Base Salary. The Beginning on the Effective Date, the Company shall will pay to the Executive an annualized a base salary at the rate of $340,000.00 235,000 per calendar year of completed employment. Such salary shall be earned monthly on a prorated basis and shall be payable in periodic installments no less frequently than monthly in accordance with the Company’s customary payroll practices, but no less frequently than semi-monthly. Any amounts payable hereunder shall be reduced by standard withholding and other authorized and customary deductions. The Company will review the Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”annually.

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 120,000 in periodic installments in accordance with the Company’s 's customary payroll practicespractices and applicable wage payment laws, but no less frequently than semi-monthly. The Executive’s 's base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. However, the Executive's base salary may not be decreased during the Employment Term. The Executive’s 's annual base salary, as in effect from time to time, is hereinafter referred to as “"Base Salary”".

Base Salary. The Company Executive shall pay be paid a Base Salary at the Executive an annualized base salary annual rate of $340,000.00 in periodic installments 180,000, payable in accordance with the regular payroll practices of the Company’s customary payroll practices, but . The Base Salary shall be reviewed no less frequently than semiannually in the discretion of the Board. In reviewing the Base Salary, the Board shall take into account, among other factors, the cost-monthlyof-living increase, if any, with respect to the most recently completed 12-month period for which data are available. The Executive’s base salary Executive also shall be reviewed at least annually by receive a $15,000 signing bonus as of the Board and date of execution of this Agreement, subject to regular payroll practices of the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”Company.

Base Salary. The Company shall pay the Executive an annualized annual rate of base salary of $340,000.00 400,000 in periodic installments in accordance with the Company’s 's customary payroll practicespractices and applicable wage payment laws, but no less frequently than semi-monthly. The Executive’s 's base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s 's annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.”.

Base Salary. The Commencing on the Effective Date the Company shall pay the Executive an annualized base salary of $340,000.00 400,000, which shall be paid in periodic installments in accordance with on the Company’s customary regular payroll practicesdates, but in no event less frequently than semi-monthlymonthly (“Base Salary”). The Executive’s base salary Beginning in 2014, Base Salary shall be reviewed at least annually subject to annual review by the Board and the Board may, but shall not may be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time increased and decreased pursuant to time, is hereinafter referred to as “Base Salary”such review.

Base Salary. The Company shall pay the Executive an annualized base salary of $340,000.00 350,000.00 per annum (the “Annual Base Salary”). The base salary shall be payable in periodic installments equal installments, no less frequently than twice per month, in accordance with the Company’s customary regular payroll practices, . Such minimum annual base salary may be periodically reviewed and increased (but no less frequently than semi-monthly. The not decreased without the Executive’s base salary shall be reviewed express written consent) at least annually by the Board and discretion of the Board may, but shall not be required to, increase Compensation Committee of the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”Board.