Common use of Base Salary Clause in Contracts

Base Salary. The Executive shall receive an annual base salary (“Annual Base Salary”) of no less than $300,000. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (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 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 payroll policies.

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

Base Salary. The In consideration for all services rendered by Executive during the term of this Agreement, Employer shall receive pay Executive an annual base salary (before all customary and proper payroll deductions) of $220,000 as adjusted from time to time (“Annual Base Salary”) of no less than $300,000). The Board of Directors of the Employer shall review Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee salary each year, in a manner consistent with that used for all management employees of the Board (the “Compensation Committee”) pursuant to Employer, and in its normal performance review policies for senior executives and sole discretion may be increased but not decreased. The term Annual Base Salary as utilized in 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 adjust such salary commensurate with the CompanyExecutive’s payroll policiesperformance under this Agreement.

Base Salary. The Executive shall receive an Executive’s annual base salary will be $370,000.00 (the “Annual Base Salary”) of no less than $300,000. The Executive’s Annual Base Salary ), which shall be reviewed annually paid ratably by the Compensation Committee of Company to the Board (Executive each month in accordance with 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 this Agreement shall refer to Annual Base Salary Company’s payroll practices as in effect from time to time. Such Annual The Base Salary shall be payable in monthly or more frequent installments in accordance reviewed on an annual basis following the 2015 calendar year and may be increased (but not decreased) by the Board, with any such increase taking effect as of the Company’s payroll policiesfirst day of the applicable calendar year.

Base Salary. The During the Employment Period, the Company shall pay Executive shall receive an annual a base salary (“Annual Base Salary”) at an annualized rate of no less than $300,000412,000, payable in installments on the Company’s regular payroll dates. The Board shall review Executive’s Annual Base Salary shall be reviewed base salary annually by during the Compensation Committee of the Board (the “Compensation Committee”) pursuant to its normal performance review policies for senior executives Employment Period and may be increased increase (but not decreased. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as in effect decrease) such base salary from time to time. Such Annual Base Salary shall be payable in monthly or more frequent installments , based on its periodic review of Executive’s performance in accordance with the Company’s payroll policiesregular policies and procedures. The annual base salary payable to Executive from time to time under this Section 4 shall hereinafter be referred to as the “Base Salary.”

Base Salary. The Subject to periodic review by the Board, the Company will pay Executive shall receive an annual base salary of $400,000 as compensation for his services (such annual salary, as is then effective, to be referred to herein as “Annual Base Salary”) of no less than $300,000). The Executive’s Annual Base Salary shall will be reviewed annually by the Compensation Committee of the Board (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 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 paid periodically in accordance with the Company’s normal payroll policiespractices and be subject to the usual, required withholdings.

Base Salary. The During the Term, Company will pay Executive shall receive an annual a base salary (“Annual Base Salary”) of no less than equal to $300,000. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (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 this Agreement shall refer to Annual Base Salary as in effect from time to time. Such Annual Base Salary shall be 123,000 per annum, payable in equal bi-weekly or semi-monthly or more frequent installments in accordance with the Company’s 's payroll policiessystem. The Board will review, at least annually, the Executive's compensation with a view to increasing it if, in the sole judgment of the Board, the performance of the Company, the services of the Executive and compensation paid by other companies engaged in businesses comparable to the business of the Company to executives in comparable positions merit such an increase.

Base Salary. The Employer shall pay the Executive shall receive an annual rate of base salary (“Annual Base Salary”) of no less than $300,000EUR 255,825 in periodic installments under the Company's customary payroll practices and applicable wage payment laws. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (the “"Compensation Committee”") pursuant to its normal performance shall review policies for senior executives the Executive's base salary at least annually and the Compensation Committee may be increased increase (but not decreaseddecrease) the Executive's base salary during the Employment Term. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary Executive's 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 payroll policies., is referred to as "

Base Salary. The Executive shall receive an A base annual salary of $250,000, payable in accordance with the Employer’s standard practice for other comparable executives. Executive’s base salary (“Annual Base Salary”) of no less than $300,000. The Executive’s Annual Base Salary shall be reviewed annually subject to annual review by the Compensation Committee Board of Directors of the Board Employer (the “Compensation CommitteeBoard”) pursuant for discretionary periodic increases in accordance with the Employer’s compensation policies. References to its normal performance review policies for senior executives and may be increased but not decreased. The term Annual “Base Salary as utilized Salary” in this Agreement shall refer be to Annual Base Salary as the base salary set forth in effect from time this Paragraph 4.A. and shall include any increases to time. Such Annual Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policiessuch base salary made hereby.

Base Salary. The During the Term, the Company shall pay the Executive shall receive an annual base salary of $260,000 (“Annual Base Salary”) of no less than $300,000). The Board shall review the Executive’s Annual 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 reviewed annually reduced by an amount and for a period mutually agreed between the Compensation Committee 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 Board (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 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 payroll policies.

Base Salary. The Company shall pay to the Executive shall receive an annual base salary (the “Annual Base Salary”) at the rate of no less than $300,000200,000, payable in substantially equal installments at such intervals as may be determined by the Company in accordance with the Company’s then current ordinary payroll practices as established from time to time. The Executive’s Annual Base Salary shall be reviewed annually in good faith by the Compensation Committee of the Company’s Board of Directors (the “Compensation CommitteeBoard”) pursuant to its normal performance review policies for senior executives and may be increased but ), based upon the Executive’s performance, not decreased. The term Annual Base Salary as utilized in 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 payroll policiesless often than annually.

Base Salary. The Company shall pay the Executive shall receive an annual annualized base salary (“Annual Base Salary”) of $204,000.00 in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than $300,000semi-monthly. The Executive’s Annual Base Salary base salary shall be reviewed at least annually by the Compensation Committee of Board and the Board (may, but shall not be required to, increase the “Compensation Committee”) pursuant to its normal performance review policies for senior executives and may be increased but not decreasedbase salary during the Employment Term. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary Executive’s annual base salary, as in effect from time to time. Such Annual , is hereinafter referred to as “Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policiesSalary”.

Base Salary. The During the Term, the Company shall pay the Executive shall receive a Base Salary at an annual base salary (“Annual Base Salary”) rate of no not less than $300,0001,200,000. The Executive’s Annual Base Salary shall be reviewed annually subject to review and possible increase, but not decrease, by the Human Resources and Compensation Committee of the Board (the “Compensation CommitteeHRCC”) pursuant each February, and any increases shall be effective the following April 1. Adjustments to its normal performance review policies for senior executives and may be increased but not decreased. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as in effect from time to time. Such Annual the Base Salary shall be payable in monthly or more frequent installments in accordance with based on the CompanyExecutive’s payroll policiesperformance and other factors that the HRCC deems appropriate. Following each adjustment, the term Base Salary shall thereafter refer to the adjusted amount.

Base Salary. The Executive shall receive an annual During the term hereof, the Executive’s base salary (the “Annual Base Salary”) of no less than $300,000. The Executive’s Annual Base Salary shall be reviewed annually by paid in accordance with the Compensation Committee of the Board (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 this Agreement shall refer to Annual Base Salary as Corporation’s regular payroll practices in effect from time to time, but not less frequently than in monthly installments. Such Annual As of the Effective Date, the Executive’s Base Salary shall be payable in monthly or more frequent installments in accordance with at an annualized rate of $375,000. During the Companyterm hereof, the Corporation may review and adjust the Executive’s payroll policiesrate of Base Salary from time to time.

Base Salary. The Executive shall receive an annual base salary (“Annual Executive's annualized Base Salary”) Salary as of no less than the date of this Agreement is $300,000298,700.00, payable in accordance with the regular payroll practices of the Company. The Executive’s Annual Base Salary shall be reviewed annually by no less frequently than annually, and any changes thereto (which shall thereafter be deemed the Compensation Committee Executive's Base Salary) shall be solely within the discretion of the Board (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 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 payroll policiesBoard.

Base Salary. The Executive shall receive an annual base salary (“Annual Base Salary”) of no less than $300,000438,000. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (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 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 payroll policies.

Base Salary. The Executive shall receive an annual base salary (“Annual Base Salary”) of no less than $300,000225,000. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (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 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 payroll policies.

Base Salary. The Company shall pay the Executive shall receive an annual rate of base salary (“Annual Base Salary”) of no less than $300,000400,000. Such base salary shall be paid consistently with the Company’s then current pay practices. The Executive’s Annual Base Salary base salary shall be reviewed at least annually by the Compensation Committee of Board and the Board may, but shall not be required to, increase (the “Compensation Committee”) pursuant to its normal performance review policies for senior executives and may be increased but not decreaseddecrease) base salary then in effect during the Employment Term. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary Executive’s annual base salary, as in effect from time to time. Such Annual , is hereinafter referred to as “Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policiesSalary”.

Base Salary. The Commencing as of the Effective Date, the Executive shall receive be paid an annual base salary (“Annual annualized Base Salary”) Salary of no less than $300,000330,000, payable in accordance with the regular payroll practices of the Company. The Executive’s Annual Base Salary shall be reviewed no less frequently than annually by for increase in the Compensation Committee discretion of the Board (CEO and, if applicable, 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 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 payroll policiesBoard.

Base Salary. The Company shall pay the Executive shall receive an annual rate of base salary (“Annual Base Salary”) of $350,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than $300,000monthly. The Executive’s Annual Base Salary base salary shall be reviewed at least annually by the Compensation Committee of the Board (the “Compensation Committee”) pursuant to its normal performance review policies for senior executives and the Compensation Committee may be increased but not decreasedincrease the Executive’s base salary during the Employment Term. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary Executive’s annual base salary, as in effect from time to time. Such Annual , is hereinafter referred to as “Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policiesSalary.”

Base Salary. The Executive shall receive an annual base salary (“Annual Base Salary”) of no less than $300,000. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board 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 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 payroll policies.

Base Salary. The Company shall pay the Executive shall receive an annual base salary (“Annual Base Salary”) of no less than $300,000750,000 USD in periodic installments in accordance with the Company's customary payroll practices and applicable wage payment laws. The Executive’s Annual Base Salary shall 's base salary can discretionarily be reviewed annually by from time-to-time, and Company may, but shall not be required to, increase the Compensation Committee of base salary during the Board (the “Compensation Committee”) pursuant to its normal performance review policies for senior executives and may be increased but not decreasedEmployment Term. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary Executive's annual base salary, as in effect from time to time. Such Annual , is hereinafter referred to as "Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policiesSalary".

Base Salary. The Company shall pay the Executive shall receive an annual base salary (“Annual Base Salary”) of $450,000.00 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than $300,000monthly. The Executive’s Annual Base Salary base salary shall be reviewed at least annually by the Compensation Committee of Board and the Board (may, but shall not be required to, commencing in January 2020, increase the “Compensation Committee”) pursuant to base salary at its normal performance review policies for senior executives and may be increased but not decreaseddiscretion. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary Executive’s annual base salary, as in effect from time to time. Such Annual , is hereinafter referred to as “Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policiesSalary.”

Base Salary. The During the Term, the Company shall pay to the Executive shall receive a base salary at an annual base salary (“Annual Base Salary”) rate of no not less than $300,000320,000, in substantially equal installments in accordance with the regular payroll practices of the Company, but not less frequently than monthly. The Executive’s Annual Base Salary base salary shall be reviewed annually subject to annual review by the Compensation Committee of the Board (the “Compensation Committee”) pursuant to its normal performance review policies for senior executives and may be increased increased, but not decreased. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as in effect , from time to timetime by the Committee. Such Annual The base salary as determined herein and adjusted from time to time shall constitute “Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policiesSalary” for purposes of this Agreement.

Base Salary. The Company shall pay the Executive shall receive an annual rate of base salary (“Annual Base Salary”) of $279,250 in periodic installments under the Company's customary payroll practices and applicable wage payment laws, but no less frequently than $300,000monthly. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (the “"Compensation Committee”") pursuant to its normal performance shall review policies for senior executives the Executive's base salary at least annually and the Compensation Committee may be increased increase (but not decreaseddecrease) the Executive's base salary during the Employment Term. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary Executive's 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 payroll policies., is referred to as "

Base Salary. The Company shall pay to Executive shall receive an annual base salary of not less than Four Hundred Fifty Thousand ($450,000) Dollars (prorated for partial monthly and annual periods), less deductions and withholdings, which base salary shall be paid in accordance with the Company’s normal payroll policies and procedures (the “Annual Base Salary”) of no less than $300,000). The Executive’s Annual Base Salary shall be reviewed annually by Board or the Compensation Committee of the Board (the “Compensation Committee”) pursuant to shall conduct annual performance reviews of Executive for merit increases and may, in its normal performance review policies for senior executives and may be increased but not decreased. The term Annual sole discretion, increase Executive’s Base Salary as utilized in 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 payroll policieson an annual basis.

Base Salary. The During the Employment Term, the Company shall pay to the Executive shall receive an annual a base salary of not less than $ 665,000 per annum (the “Annual 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) of and increase it by an amount no less than $300,000. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of increase in the Board (consumer price index for 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 this Agreement shall refer to Annual Base Salary as in effect Washington, D.C. metropolitan area from time to time. Such Annual Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policiesimmediately preceding year.

Base Salary. The Company shall pay the Executive shall receive an annual base salary (“Annual Base Salary”) of no as set forth in Schedule A attached hereto, less than $300,000all applicable taxes and withholdings, in bi-weekly installments in accordance with the Company’s customary payroll practices and applicable wage payment laws. The Executive’s Annual Base Salary base salary shall be reviewed annually by the Compensation Committee of the Board (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 this Agreement shall refer to Annual Base Salary Executive’s annual base salary, as in effect from time to time. Such Annual , is hereinafter referred to as “Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policiesSalary.”

Base Salary. The Company shall pay the Executive shall receive an annual base salary (“Annual Base Salary”) of no less than $300,000220,000 annually, $150,000 of which will be payable in periodic installments in accordance with the Company’s regular payroll practices, and $70,000 of which will be paid in lump sum at the end of the then-current fiscal year, or, in the sole discretion of the Board, prorated over the one year period upon completion of a financing. The Executive’s Annual Base Salary base salary shall be reviewed at least annually by the Compensation Committee of Board and the Board (may, but shall not be required to, increase the “Compensation Committee”) pursuant to its normal performance review policies for senior executives and may be increased but not decreasedbase salary during the Employment Term. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary Executive’s annual base salary, as in effect from time to time. Such Annual , is hereinafter referred to as “Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policiesSalary”.

Base Salary. The Company shall pay the Executive shall receive an annual rate of base salary (“Annual Base Salary”) of $225,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than $300,000monthly. The Executive’s Annual Base Salary base salary shall be reviewed at least annually by the Compensation Committee of Board and the Board (may increase the “Compensation Committee”) pursuant to its normal performance review policies for senior executives and may be increased but not decreasedExecutive’s base salary during the Employment Term. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary Executive’s annual base salary, as in effect from time to time. Such Annual , is hereinafter referred to as “Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policiesSalary.”

Base Salary. The Company shall pay to the Executive shall receive an annual base salary (the “Annual Base Salary”) of no less than $300,000payable in substantially equal installments at such intervals as may be determined by the Company in accordance with its ordinary payroll practices, as established from time to time. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (the “Compensation Committee”) pursuant to its normal performance review policies and increased as appropriate for senior executives and may be increased but not decreasedmarket changes, commencing effective January 1, 2024. The term Annual Executive annualized Base Salary as utilized in this Agreement shall refer to Annual Base Salary as in effect from time to timeof the Effective Date is $300,000.48. Such Annual The Base Salary shall not be payable in monthly or more frequent installments in accordance decreased by the Company except with the Company’s payroll policiesprior written consent of the Executive.

Base Salary. The Commencing as of the Effective Date, the Executive shall receive be paid an annual base salary (“Annual annualized Base Salary”) Salary of no less than $300,000420,000, payable in accordance with the regular payroll practices of the Company. The Executive’s Annual Base Salary shall be reviewed no less frequently than annually by for increase in the Compensation Committee discretion of the Board (CEO and, if applicable, 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 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 payroll policiesBoard.

Base Salary. The Executive shall receive an annual base salary (“Annual Executive's annualized Base Salary”) Salary as of no less than the date of this Agreement is $300,000355,249.78, payable in accordance with the regular payroll practices of the Company. The Executive’s Annual Base Salary shall be reviewed annually by no less frequently than annually, and any changes thereto (which shall thereafter be deemed the Compensation Committee Executive's Base Salary) shall be solely within the discretion of the Board (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 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 payroll policiesBoard.

Base Salary. The During the term of Executive's employment hereunder, the Company shall pay Executive shall receive an annual base salary (“Annual the "Base Salary”") at the initial annual rate of no less than $300,000. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (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 this Agreement shall refer to Annual Base Salary as in effect from time to time. Such Annual Base Salary shall be 225,000, payable in monthly or more frequent regular installments in accordance with the Company’s payroll policies's usual payment practices but no less frequently than monthly during the Employment Term. Executive's Base Salary shall be reviewed at least annually for increase in the reasonable discretion of the Board.

Base Salary. The Company shall pay the Executive shall receive an annual annualized base salary (“Annual Base Salary”) of $220,000.00 in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than $300,000semi-monthly. The Executive’s Annual Base Salary base salary shall be reviewed at least annually by the Compensation Committee of Board and the Board (may, but shall not be required to, increase the “Compensation Committee”) pursuant to its normal performance review policies for senior executives and may be increased but not decreasedbase salary during the Employment Term. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary Executive’s annual base salary, as in effect from time to time. Such Annual , is hereinafter referred to as “Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policiesSalary”.

Base Salary. The Commencing as of the Effective Date, the Executive shall receive be paid an annual base salary (“Annual annualized Base Salary”) Salary of $250,000. Such Base Salary shall be payable at intervals in accordance with the regular payroll practices of the Company applicable to senior executives but no less frequently than $300,000monthly. The Executive’s Annual Base Salary shall be reviewed no less frequently than annually by during the Compensation Committee Term of the Board (the “Compensation Committee”) pursuant to its normal performance review policies Employment for senior executives and may be increased but not decreasedincreases. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as in effect from time to time. Such Annual Base Salary shall not be payable in monthly decreased at any time, or more frequent installments in accordance with for any purpose, during the Company’s payroll policiesTerm of Employment (including, without limitation, for the purpose of determining benefits due under Section 9).

Base Salary. The Effective with this Agreement and the Executive’s continued employment hereunder, the Company shall pay Executive a base salary at the annualized rate of $400,000, payable in regular installments in accordance with the Company’s payment practices from time to time. Executive shall receive an be entitled to annual performance and salary review, and any increase in base salary (“Annual Base Salary”) of no less than $300,000. The Executive’s Annual Base Salary shall be reviewed annually by in the sole discretion of the Compensation Committee of the Board (the “Compensation Committee”) pursuant to its normal performance review policies for senior executives and may be increased but not decreasedBoard. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary Executive’s annual base salary, as in effect from time to time. Such Annual , is hereinafter referred to as the “Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policiesSalary”.

Base Salary. The Executive shall receive an Executive’s annual base salary (“Annual Base Salary”) of no will continue to be $284,000, less than $300,000. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (the “Compensation Committee”) pursuant to its normal performance review policies for senior executives payroll deductions and may be increased but not decreased. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as in effect from time to time. Such Annual Base Salary shall be all required withholdings, payable in monthly or more frequent installments in accordance with the Company’s normal payroll policiespractices. The Board or a committee of the Board shall review Executive’s Base Salary periodically and any adjustments to Executive’s Base Salary, if any, will be made solely at the discretion of the Board or a committee of the Board.

Base Salary. The Company shall pay the Executive shall receive an annual rate of base salary (“Annual Base Salary”) of $233,676 in periodic installments under the Company's customary payroll practices and applicable wage payment laws, but no less frequently than $300,000monthly. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (the “"Compensation Committee”") pursuant to its normal performance shall review policies for senior executives the Executive's base salary at least annually and the Compensation Committee may be increased increase (but not decreaseddecrease) the Executive's base salary during the Employment Term. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary Executive's 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 payroll policies., is referred to as "

Base Salary. The Executive shall receive an During the Employment Period, the Executive's annual ----------- base salary (“Annual Base Salary”) of no less than will be $300,000. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of 130,000 or such higher rate as the Board (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 this Agreement shall refer to Annual Base Salary as in effect designate from time to time. Such Annual time (the "Base Salary shall Salary"), which will be payable in monthly or more frequent regular installments in accordance with the Company’s 's general payroll policiespractices and which will be subject to customary withholding. Each year the Board will review the Executive's Base Salary and, in its sole discretion, determine whether any increases (but not decreases) thereof are appropriate.

Base Salary. The Company shall pay Executive shall receive an annual rate of base salary (“Annual Base Salary”) of $275,000 US in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than $300,000monthly. The Executive’s Annual Base Salary 's base salary shall be reviewed at least annually by the Compensation Committee by the compensation committee of the Board (the “Compensation Committee”) pursuant and the Compensation Committee may, but shall not be required to, increase Executive’s base salary during the Employment Term. Executive’s annual base salary shall be adjusted to its normal performance review policies for senior executives and may be increased but not decreased$300,000 US on January 1, 2021. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary Executive’s annual base salary, as in effect from time to time. Such Annual , is hereinafter referred to as “Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policiesSalary.”

Base Salary. The Executive shall receive an annual During the Term, the Executive’s base salary (the “Annual Base Salary”) of no less than $300,000. The Executive’s Annual Base Salary shall be reviewed annually by paid in accordance with the Compensation Committee of the Board (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 this Agreement shall refer to Annual Base Salary as Corporation’s regular payroll practices in effect from time to time, but not less frequently than in monthly installments. Such Annual As of the Effective Date, the Executive’s Base Salary shall be payable at an annualized rate of $320,000. During the term hereof, subject to Section 5, the Corporation will annually (in monthly or more frequent installments January of each year commencing in accordance with 2016) review and adjust the CompanyExecutive’s payroll policiesrate of Base Salary.

Base Salary. The Executive shall receive an annual base salary (“Annual Base Salary”) of no less than $300,000. The Executive’s Annual annualized Base Salary as of the date of this Agreement is $424,360.00, payable in accordance with the regular payroll practices of the Company. The Base Salary shall be reviewed annually by no less frequently than annually, and any changes thereto (which shall thereafter be deemed the Compensation Committee Executive’s Base Salary) shall be solely within the discretion of the Board (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 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 payroll policiesBoard.

Base Salary. The Executive shall receive an A base annual salary of $331,000, payable in accordance with the Employer’s standard practice for other senior executives. Executive’s base salary shall be subject to annual review by the Board’s Compensation Committee for discretionary periodic increases (but not decreases) in accordance with the Employer’s compensation policies. References to “Annual Base Salary”) of no less than $300,000. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (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 this Agreement shall refer be to Annual Base Salary as the base salary set forth in effect from time this Paragraph 4(a) and shall include any increases to time. Such Annual Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policiessuch base salary.

Base Salary. The Executive shall receive an A base annual salary of $300,000, payable in accordance with the Employer's standard practice for other senior executives. Executive's base salary (“Annual shall be subject to annual review by the Board's Compensation Committee for discretionary periodic increases in accordance with the Employer's compensation policies. References to "Base Salary”) of no less than $300,000. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (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 this Agreement shall refer be to Annual Base Salary as the base salary set forth in effect from time this Paragraph 4.a and shall include any increases to time. Such Annual Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policiessuch base salary made hereby.

Base Salary. The Company will pay Executive shall receive an annual base salary (“Annual Base Salary”) of no less than Two Hundred Thousand Dollars ($300,000. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (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 this Agreement shall refer to Annual Base Salary as in effect from time to time. Such Annual Base Salary shall be 200,000), payable in substantially equal monthly or more frequent installments in accordance with the Company’s normal and customary payroll policiespractices. The Board may review and further adjust Executive’s Base Salary from time to time in its sole and absolute discretion, provided that during the Employment Period the Company may not decrease Executive’s Base Salary below the amount set forth in 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 the Executive shall receive an annual rate of base salary (“Annual Base Salary”) of no less than $300,000240,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws. The Executive’s Annual Base Salary base salary shall be reviewed at least annually by the Compensation Committee of Board and the Board (may, but shall not be required to, increase the “Compensation Committee”) pursuant to its normal performance review policies for senior executives and may be increased but not decreasedbase salary during the Employment Term. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary Executive’s annual base salary, as in effect from time to time. Such Annual , is hereinafter referred to as “Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policiesSalary.”

Base Salary. The During the Term, the Company shall pay to Executive shall receive an annual base annualized salary of $600,000 (the “Annual Base Salary”) of no less than $300,000. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (the “Compensation Committee”) pursuant ), payable subject to its normal performance review policies for senior executives standard federal and may be increased but not decreased. The term Annual Base Salary as utilized in 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 state payroll withholding requirements in accordance with the Company’s standard payroll policiespractices, but not less frequently than monthly. The Base Salary will be reviewed annually by the Board and may be increased (but not decreased without the Executive’s consent) to reflect the Executive’s performance and responsibilities.

Base Salary. The Company shall pay the Executive shall receive an annual rate of base salary of $400,000 (“Annual Base Salary”Four Hundred Thousand Dollars) of in periodic installments in accordance with the Company's customary payroll practices and applicable wage payment laws, but no less frequently than $300,000monthly. The Executive’s Annual Base Salary shall base salary may not be reviewed annually by decreased during the Compensation Committee Employment Term other than as part of an across-the-board salary reduction that applies in the Board (the “Compensation Committee”) pursuant same manner to its normal performance review policies for all senior executives and may be increased but not decreasedexecutives. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary Executive’s annual base salary, as in effect from time to time. Such Annual , is hereinafter referred to as “Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policiesSalary.”

Base Salary. The During the Term, the Executive shall will receive an annual base salary of $400,000. The Board will review the Executive’s base salary annually and, in 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 (“Annual Base Salary”) of no less than $300,000). The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (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 this Agreement shall refer to Annual Base Salary as in effect from time to time. Such Annual Base Salary shall will be payable in monthly or more frequent installments in accordance with the CompanyEmployer’s regular payroll policiespayment practices.

Base Salary. The Executive shall receive an annual Executive's base salary (“Annual Base Salary”) hereunder shall be ----------- $225,000 a year, payable monthly and prorated for any partial year of no employment. The Board shall review such base salary at least annually and make such adjustment from time to time as it may deem advisable, but the base salary shall not at any time be less than $300,000. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (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 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 payroll policies225,000 a year.

Base Salary. The During the Employment Term, the Company shall pay Executive shall receive an annual base salary of $375,000 per annum in cash (the “Annual Base Salary”) of no less than $300,000). The Executive’s Annual Base Salary shall will be reviewed annually subject to annual review by the Compensation Committee of the Board (the “Compensation Committee”) pursuant to its normal performance review policies for senior executives and may be increased but not decreasedBoard. The term Annual Base Salary as utilized in this Agreement shall refer due to Annual Base Salary as in effect from time to time. Such Annual Base Salary Executive hereunder shall be payable in monthly or more frequent installments paid in accordance with the Company’s general Company payroll policiespractices.

Base Salary. The During the Employment Term, the Company shall pay the Executive shall receive an annual rate of base salary (“Annual Base Salary”) of no less than $300,000400,000 in periodic installments in accordance with the Company’s customary payroll practices. The Executive’s Annual Base Salary base salary shall be reviewed at least annually by the Compensation Committee of and the Board Compensation Committee may, but shall not be required to, increase (the “Compensation Committee”) pursuant to its normal performance review policies for senior executives and may be increased but not decreaseddecrease) the base salary during the Employment Term. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary Executive’s annual base salary, as in effect from time to time. Such Annual , is hereinafter referred to as “Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policiesSalary”.

Base Salary. The Company shall pay the Executive shall receive an annual annualized base salary (“Annual Base Salary”) at a rate of no less than $300,000US$400,000, payable pursuant to the Company’s regular payroll practices for its executives in effect at the time. For fiscal year 2011, the Executive’s Annual Base Salary will be prorated from the Effective Date. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee Chief Executive Officer, for increase only, at such time as the salaries of the Board (the “Compensation Committee”) pursuant to its normal performance review policies for other senior executives and may be increased but not decreased. The term Annual Base Salary as utilized in 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 payroll policiesof Patheon are reviewed generally.

Base Salary. The Company shall pay to the Executive shall receive an annual base salary (the “Annual Base Salary”) of no less than $300,000payable in substantially equal installments at such intervals as may be determined by the Company in accordance with its ordinary payroll practices, as established from time to time. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee Board of Directors annually, and increased as appropriate, for market changes. Commencing effective as of the Board (the “Compensation Committee”) pursuant to its normal performance review policies for senior executives and may be increased but not decreasedEffective Date, Executive’s annualized Base Salary is $350,000. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as in effect from time to time. Such Annual Base Salary shall not be payable in monthly or more frequent installments in accordance decreased by the Company except with the Company’s payroll policiesprior written consent of the Executive.

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

Base Salary. The Company shall pay the Executive shall receive an annual rate of base salary (“Annual Base Salary”) of USD $240,000, in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than $300,000bi-weekly. The Executive’s Annual Base Salary base salary shall be reviewed at least annually by the Compensation Committee of the Board (the “Compensation Committee”) pursuant to its normal performance review policies for senior executives and ). However, the Executive’s base salary may not be increased but not decreaseddecreased during the Employment Term. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary Executive’s annual base salary, as in effect from time to time. Such Annual , is hereinafter referred to as “Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policiesSalary”.

Base Salary. The Executive shall receive an annual base salary (“Annual Base Salary”) of no less than $300,000650,000. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (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 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 payroll policies.

Base Salary. The Company shall pay the Executive shall receive an annual rate of base salary (“Annual Base Salary”) of no less than $300,000260,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws. The Executive’s Annual Base Salary shall base salary may be reviewed annually from time to time by the Compensation Committee of Company, and the Board (Company may, but shall not be required to, increase the “Compensation Committee”) pursuant to its normal performance review policies for senior executives and may be increased but not decreasedbase salary during the Employment Term. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary Executive’s annual base salary, as in effect from time to time. Such Annual , is hereinafter referred to as “Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policiesSalary.”

Base Salary. The Commencing as of the Effective Date, the Executive shall receive be paid an annual base salary (“Annual annualized Base Salary”) Salary of no less than $300,000. Such Base Salary shall be payable at intervals in accordance with the regular payroll practices of the Company applicable to senior executives but no less frequently than monthly. The Executive’s Annual Base Salary shall be reviewed no less frequently than annually by during the Compensation Committee Term of the Board (the “Compensation Committee”) pursuant to its normal performance review policies Employment for senior executives and may be increased but not decreasedincreases. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as in effect from time to time. Such Annual Base Salary shall not be payable in monthly decreased at any time, or more frequent installments in accordance with for any purpose, during the Company’s payroll policiesTerm of Employment (including, without limitation, for the purpose of determining benefits due under Section 9).

Base Salary. During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $450,000 payable in regular installments in accordance with the Company’s usual payroll practices. The Executive Board shall receive an review Executive’s base salary at least once per annum, and Executive’s annual base salary (“Annual Base Salary”) of no less than $300,000. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (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 this Agreement shall refer to Annual Base Salary salary, as in effect from time to time. Such Annual , shall hereinafter be referred to as the “Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policiesSalary”.

Base Salary. The During the Employment Term, the Company shall pay to the Executive shall receive an annual a base salary of not less than $665,000 per annum (the “Annual 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) of and increase it by an amount no less than $300,000. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of increase in the Board (consumer price index for 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 this Agreement shall refer to Annual Base Salary as in effect Washington, D.C. metropolitan area from time to time. Such Annual Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policiesimmediately preceding year.

Base Salary. The During the Employment Term, the Company shall pay Executive shall receive an annual base salary of One Hundred Seventy Five Thousand Dollars ($175,000) (“Annual Base Salary”) of no less than $300,000. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (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 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 regular installments in accordance with the Company’s then current payroll policiespractices. At least annually the Board shall review Executive’s performance and compensation and may increase the Base Salary, in its sole discretion.

Base Salary. The Executive shall receive an annual Executive's base salary (“Annual Base Salary”) hereunder shall be ----------- $290,000 a year, payable monthly and prorated for any partial year of no employment. The Board shall review such base salary at least annually and make such adjustment from time to time as it may deem advisable, but the base salary shall not at any time be less than $300,000. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (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 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 payroll policies290,000 a year.

Base Salary. The Company shall pay the Executive shall receive an annual rate of base salary (“Annual Base Salary”) of $250,000 in periodic installments under the Company's customary payroll practices and applicable wage payment laws, but no less frequently than $300,000monthly. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (the “Compensation Committee”) pursuant to its normal performance shall review policies for senior executives the Executive’s base salary at least annually and the Compensation Committee may be increased increase (but not decreaseddecrease) the Executive's base salary during the Employment Term. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary Executive's annual base salary, as in effect from time to time. Such Annual , is referred to as “Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policiesSalary.”

Base Salary. The Company shall pay the Executive shall receive an annual rate of base salary (“Annual Base Salary”) of $800,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than $300,000monthly. The Executive’s Annual Base Salary base salary shall be reviewed at least annually by the Compensation Committee of Board and the Board (may increase or decrease the “Compensation Committee”) pursuant to its normal performance review policies for senior executives and may be increased but not decreasedExecutive’s base salary during the Employment Term. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary Executive’s annual base salary, as in effect from time to time. Such Annual , is hereinafter referred to as “Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policiesSalary.”

Base Salary. The Executive shall receive an During the Term the Executive’s annual base salary (“Annual Base Salary”) of no less than $300,000. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board Two Hundred Fifty Thousand Dollars (the “Compensation Committee”$250,000.00) 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 this Agreement shall refer to Annual Base Salary as in effect from time to time. Such Annual Base Salary per year, which shall be payable by the Company to the Executive in monthly or more frequent installments in accordance consistent with the Company’s normal payroll policiesschedule, subject to customary withholding as required by applicable law. This annual base salary shall be reviewed by the Board periodically, and the Board may adjust the Executive’s annual base salary from time to time as the Board deems to be appropriate subject to Executive’s performance, the Company’s financial condition and market conditions.

Base Salary. The Executive shall receive initially be paid an annual base salary (“Annual annualized Base Salary”) , payable in accordance with the regular payroll practices of no the Company, of $325,000. No less frequently than $300,000. The annually, the Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board who may (the “Compensation Committee”but is not obligated to) pursuant to adjust such Base Salary in its normal performance review policies for senior executives and may sole discretion; provided that Base Salary shall not be increased but not decreased. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as in effect from time to time. Such Annual Any such increased Base Salary shall be payable in monthly or more frequent installments in accordance with the CompanyExecutive’s payroll policies“Base Salary” for all purposes under this Agreement.

Base Salary. The Executive shall receive an annual base salary (“Annual Executive's annualized Base Salary”) Salary as of no less than the date of this Agreement is $300,000458,719.77, payable in accordance with the regular payroll practices of the Company. The Executive’s Annual Base Salary shall be reviewed annually by no less frequently than annually, and any changes thereto (which shall thereafter be deemed the Compensation Committee Executive's Base Salary) shall be solely within the discretion of the Board (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 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 payroll policiesBoard.

Base Salary. The Company shall pay the Executive shall receive an annual a base salary of $27,083.33 per month (“Annual Base Salary”) of no less than $300,000. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (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 this Agreement shall refer to Annual Base Salary as in effect from time to time. Such Annual Base Salary shall be 325,000 annualized), payable in monthly or more frequent equal periodic installments in accordance with the Company’s payroll policiescustomary practices (the “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 to the Executive shall receive an annual base salary (the “Annual Base Salary”) at the rate of no less than $300,000. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (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 this Agreement shall refer to Annual Base Salary as in effect from time to time. Such Annual Base Salary shall be 1.0 million, payable in monthly or more frequent substantially equal installments in accordance with the Company’s ordinary payroll policiespractices as established from time to time. The Executive’s Base Salary shall be subject to annual review to occur no later than on the anniversaries of the Effective Date and adjustment; provided, however, that the Base Salary shall not be subject to reduction during the Term.

Base Salary. The Company shall pay the Executive shall receive an annual base salary (“Annual Base Salary”) of AUD $200,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than $300,000monthly. The Executive’s Annual Base Salary base salary shall be reviewed at least annually by the Compensation Committee of the Board, and the Compensation Committee of the Board (may, but shall not be required to, increase the “Compensation Committee”) pursuant to its normal performance review policies for senior executives and may be increased but not decreasedbase salary during the Employment Term. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary Executive’s annual base salary, as in effect from time to time. Such Annual , is hereinafter referred to as “Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policiesSalary”.

Base Salary. The Employer shall pay the Executive shall receive an annual rate of base salary (“Annual Base Salary”) of no less than $300,000EUR 167,729 in periodic installments under the Company's customary payroll practices and applicable wage payment laws. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (the “"Compensation Committee”") pursuant to its normal performance shall review policies for senior executives the Executive's base salary at least annually and the Compensation Committee may be increased increase (but not decreaseddecrease) the Executive's base salary during the Employment Term. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary Executive's 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 payroll policies., is referred to as "

Base Salary. The Company shall pay the Executive shall receive an annual rate of base salary (“Annual Base Salary”) of no less than $300,000340,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws. The Executive’s Annual Base Salary base salary shall be reviewed at least annually by the Compensation Committee of Board and the Board (may, but shall not be required to, increase the “Compensation Committee”) pursuant to its normal performance review policies for senior executives and may be increased but not decreasedbase salary during the Employment Term. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary Executive’s annual base salary, as in effect from time to time. Such Annual , is hereinafter referred to as “Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policiesSalary.”

Base Salary. The During Executive’s employment, the Company shall pay Executive shall receive an annual initial base salary at the rate of $275,000 per annum (“Annual Base Salary”) of no less than $300,000. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (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 this Agreement shall refer to Annual Base Salary as in effect from time to time, the “Base Salary”). Such Annual The Base Salary shall be payable in monthly or more frequent regular installments in accordance with the Company’s regular payroll policiespractices 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 Executive shall receive an annual base salary (“Annual Executive's annualized Base Salary”) Salary as of no less than the date of this Agreement is $300,000424,360.00, payable in accordance with the regular payroll practices of the Company. The Executive’s Annual Base Salary shall be reviewed annually by no less frequently than annually, and any changes thereto (which shall thereafter be deemed the Compensation Committee Executive's Base Salary) shall be solely within the discretion of the Board (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 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 payroll policiesBoard.

Base Salary. The During the Term, the Company shall pay Executive shall receive an annual base salary (“Annual Base Salary”) of no per year in an amount not less than $300,000. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (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 this Agreement shall refer to Annual Base Salary as in effect from time to time150,000. Such Annual Base Salary annual base salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policies's customary pay schedule. During the Term, the base salary of Executive shall be reviewed at least annually by the Chief Executive Officer. The Board of Directors, and/or the Compensation Committee, in consultation with the Chief Executive Officer, may, but shall not be required to, increase or decrease the base salary, but not below the minimum required by this Section.

Base Salary. The Company shall pay to the Executive shall receive an annual base salary (the “Annual Base Salary”) of no less than $300,000payable in substantially equal installments at such intervals as may be determined by the Company in accordance with its ordinary payroll practices, as established from time to time. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (the “Compensation Committee”) pursuant to its normal performance review policies and increased as appropriate for senior executives and may be increased but not decreasedmarket changes, commencing effective January 1, 2024. The term Annual Executive annualized Base Salary as utilized in this Agreement shall refer to Annual Base Salary as in effect from time to timeof the Effective Date is $320,000. Such Annual The Base Salary shall not be payable in monthly or more frequent installments in accordance decreased by the Company except with the Company’s payroll policiesprior written consent of the Executive.

Base Salary. From and after the Effective Date, the Company shall pay Executive a base salary at the annual rate of $650,000.00 payable in regular installments in accordance with the Company’s usual payroll practices. The Executive Board shall receive an review Executive’s base salary at least once per annum, and Executive’s annual base salary (“Annual Base Salary”) of no less than $300,000. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (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 this Agreement shall refer to Annual Base Salary salary, as in effect from time to time. Such Annual , shall hereinafter be referred to as the “Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policiesSalary”.

Base Salary. The Executive Beginning on the date hereof, the Company shall receive an annual pay Executive, in equal installments no less frequently than monthly, a base salary of $412,000 per annum (the “Annual Base Salary”) of no ), less than $300,000all applicable withholdings, during the Term. The Executive’s Annual 's Base Salary shall be reviewed annually by the Compensation People Services (Compensation) Committee of the Board (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 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 payroll policieson an annual basis.

Base Salary. The Company shall pay the Executive shall receive an annual rate of base salary (“Annual Base Salary”) of $75,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than $300,000monthly. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (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 this Agreement shall refer to Annual Base Salary annual base salary, as in effect from time to time. Such Annual , is hereinafter referred to as “Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policiesSalary.”

Base Salary. The Company shall pay the Executive shall receive an annual rate of base salary (“Annual Base Salary”) of $_________ in periodic installments in accordance with the Company's customary payroll practices and applicable wage payment laws, but no less frequently than $300,000monthly. The Executive’s Annual Base Salary 's base salary shall be reviewed at least annually by the Board and the Compensation Committee of the Board (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 this Agreement shall refer to Annual Base Salary Executive's annual base salary, as in effect from time to time. Such Annual , is hereinafter referred to as "Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policiesSalary."

Base Salary. The Company shall pay the Executive shall receive an annual base salary of $120,000.00 per annum (the “Annual Base Salary”) of no less than $300,000), which base salary will be subject to review effective at least annually thereafter by the Company for possible increases. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (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 this Agreement shall refer to Annual Base Salary as in effect from time to time. Such Annual Base Salary base salary shall be payable in monthly or more frequent installments equal installments, no less frequently than twice per month, in accordance with the Company’s regular payroll policiespractices.

Base Salary. The In consideration for the Executive's services hereunder, the Company shall pay to the Executive shall receive an initial annual base salary (“Annual Base Salary”) in the amount of no less than $300,000. The 165,000 Executive’s Annual Base Salary 's annual base salary shall be reviewed at least annually by the Compensation Committee of Company, and the Board (Company may increase the “Compensation Committee”) pursuant to Executive's annual base salary in its normal performance review policies for senior executives and may be increased but not decreaseddiscretion. The term Annual Base Salary as utilized in this Agreement Company 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 pay annual base salary in accordance with the normal payroll payment practices of the Company and subject to such deductions and withholdings as law or policies of the Company’s payroll policies, from time to time in effect, require.

Base Salary. The Company shall pay the Executive shall receive an annual base salary (“Annual Base Salary”) of $400,000.00 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than $300,000monthly. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (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 this Agreement shall refer to Annual Base Salary annual base salary, as in effect from time to time. Such Annual , is hereinafter referred to as “Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policiesSalary”.

Base Salary. The Company will pay to the Executive shall receive an annual annualized base salary of $370,000 (“Annual Base Salary”) of no ), payable not less frequently than $300,000monthly, less such deductions as shall be required to be withheld by applicable law and regulations. The Executive’s Annual Base Salary shall be reviewed at least annually by the Compensation Committee of the Board (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 this Agreement shall refer to Annual Base Salary as in effect adjusted upward from time to time. Such Annual Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policies.

Base Salary. The Executive shall receive an annual Executive’s base salary (the “Annual Base Salary”) of no less than $300,000. The Executive’s Annual Base Salary shall be reviewed annually by paid in accordance with the Compensation Committee of the Board (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 this Agreement shall refer to Annual Base Salary as Company’s regular payroll practices in effect from time to time, but not less frequently than in monthly installments. Such Annual The Executive’s Base Salary for the first twelve (12) months of the Period of Employment shall be payable in monthly or more frequent installments in accordance with at an annualized rate of Two Hundred Ten Thousand Dollars ($210,000). Thereafter, the CompanyCompany will review the Executive’s payroll policiesBase Salary at least annually.

Base Salary. The Company shall pay to the Executive shall receive an annual base salary (“Annual the "Base Salary”") of no not less than $300,000300,000 per year, or such greater amount as may be determined by the Board of Directors, upon a review of the Executive's performance. The Executive’s Annual 's Base Salary shall be reviewed annually by at least annually, with the Compensation Committee first such review to be completed no later than June 30, 1998. During the term of the Board (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 this Agreement shall refer to Annual Base Salary as in effect from time to time. Such Annual employment, Executive's Base Salary shall be payable in monthly or more frequent installments in accordance consistent with the Company’s payroll policies's normal practice, but not less frequently than in equal monthly installments on the last business day of each month throughout the term of this Agreement.

Base Salary. The During the Employment Term, the Company shall pay Executive shall receive an annual base salary of $750,000 per annum in cash (the “Annual Base Salary”) of no less than $300,000). The Executive’s Annual Base Salary shall will be reviewed annually subject to annual review by the Compensation Committee of the Board (the “Compensation Committee”) pursuant to its normal performance review policies for senior executives and may be increased but not decreasedBoard. The term Annual Base Salary as utilized in this Agreement shall refer due to Annual Base Salary as in effect from time to time. Such Annual Base Salary Executive hereunder shall be payable in monthly or more frequent installments paid in accordance with the Company’s general Company payroll policiespractices.

Base Salary. The Company shall pay the Executive shall receive an annual annualized base salary (“"Annual Base Salary”") at a rate of no less than U.S. $300,000345,000, payable pursuant to the Company's regular payroll practices for its executives in effect at the time. For fiscal year 2013, the Executive's Annual Base Salary will be prorated from the Effective Date. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee Chief Executive Officer at such time as the salaries of the Board (the “Compensation Committee”) pursuant to its normal performance review policies for other senior executives and may be increased but not decreased. The term Annual Base Salary as utilized in 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 payroll policiesof Patheon are reviewed generally.

Base Salary. The Company shall pay the Executive shall receive an annual rate of base salary (“Annual Base Salary”) of $233,300 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than $300,000monthly. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (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 this Agreement shall refer to Annual Base Salary annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”. Such Annual Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policies.”

Base Salary. The Executive shall receive an annual During the term hereof, the Executive’s base salary (the “Annual Base Salary”) of no less than $300,000. The Executive’s Annual Base Salary shall be reviewed annually by paid in accordance with the Compensation Committee of the Board (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 this Agreement shall refer to Annual Base Salary as Corporation’s regular payroll practices in effect from time to time, but not less frequently than in monthly installments. Such Annual As of the Effective Date, the Executive’s Base Salary shall be payable in monthly or more frequent installments in accordance with at an annualized rate of $455,274.59. During the Companyterm hereof, the Corporation may review and adjust the Executive’s payroll policiesrate of Base Salary from time to time.

Base Salary. The Executive shall receive an A base annual salary of $690,000, payable in accordance with the Employer’s standard practice for other comparable executives. Executive’s base salary (shall be subject to annual review by the Board for discretionary periodic increases in accordance with the Employer’s compensation policies. References to “Annual Base Salary”) of no less than $300,000. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (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 this Agreement shall refer be to Annual Base Salary as the base salary set forth in effect from time this Paragraph 4.A. and shall include any increases to time. Such Annual Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policiessuch base salary made hereby.

Base Salary. The Company shall pay the Executive shall receive an annual base salary (“Annual Base Salary”) of USD $150,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than $300,000monthly. The Executive’s Annual Base Salary base salary shall be reviewed at least annually by the Compensation Committee of the Board, and the Compensation Committee of the Board (may, but shall not be required to, increase the “Compensation Committee”) pursuant to its normal performance review policies for senior executives and may be increased but not decreasedbase salary during the Employment Term. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary Executive’s annual base salary, as in effect from time to time. Such Annual , is hereinafter referred to as “Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policiesSalary”.

Base Salary. The Employer shall pay to Executive shall receive an annual annualized base salary of Four Hundred Sixty Eight Thousand Dollars (“Annual $468,000) (the "Base Salary”) of no "), less than $300,000taxes and applicable withholdings, payable in accordance with Employer' s regularly scheduled payroll. The Executive’s Annual Base Salary shall will be reviewed annually by the Compensation Committee of the Board (the “Compensation Committee”) pursuant subject to its review and adjustment in accordance with Employer's normal performance review policies for senior executives and may be increased practices, but not decreasedno less frequently than annually. The term Annual Effective as of the date of any change to Executive's Base Salary, the Base Salary as utilized in this Agreement so changed shall refer to Annual be considered the new 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 payroll policiesfor all purposes of this Agreement.

Base Salary. The Effective January 22, 2017 and during the Employment Term, the Company shall pay to the Executive shall receive an annual base salary of $240,000 (the “Annual Base Salary”) of no less than $300,000. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (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 this Agreement shall refer to Annual Base Salary as in effect from time to time. Such Annual ), which Base Salary shall be payable at the times and in monthly or more frequent installments in accordance the manner consistent with the Company’s payroll policiesgeneral policies regarding payment of salary to the Company’s senior executives but no less frequently than monthly, less lawful deductions. After December 31, 2017, the Base Salary will be reviewed at least annually by the Company and may be increased from time to time in the Company’s sole discretion.

Base Salary. The Company shall pay Executive shall receive an annual base salary of Four Hundred Fourteen Thousand Dollars (“Annual Base Salary”) of no less than $300,000414,000), payable in accordance with the Company’s standard payroll practices and subject to applicable tax withholdings. The Executive’s Annual Base Salary base salary shall be reviewed annually by the Compensation Committee of the Board (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 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 payroll policies.

Base Salary. The Company shall pay the Executive shall receive an annual base salary (“Annual Base Salary”) of $500,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than $300,000monthly. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (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 this Agreement shall refer to Annual Base Salary annual base salary, as in effect from time to time. Such Annual , is hereinafter referred to as “Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policiesSalary”.

Base Salary. The Commencing on the Effective Date, the Company will pay Executive shall receive an annual a base salary (“Annual Base Salary”) at the annual rate of no less than $300,000. The Executive’s Annual Base Salary , which amount shall be reviewed annually by and subject to increase (but not decrease) at the Compensation Committee good faith discretion of the Board (as adjusted from time to time, the “Compensation CommitteeBase Salary”) pursuant to its normal performance review policies for senior executives and may be increased but not decreased). The term Annual Base Salary as utilized will be payable in this Agreement shall refer to Annual Base Salary substantially equal installments (no less frequently than bi-weekly) in accordance with the Company’s payroll practices 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 payroll policies.

Base Salary. The During the period of Executive’s employment under this Agreement, the Company shall pay Executive shall receive an annual base salary (“Annual Base Salary”) of no at an annual rate equal to not less than Two Hundred Seventy Seven Thousand Dollars and No/100 Dollars ($300,000277,000.00), which shall be reviewed annually by the Board. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (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 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 paid in accordance with the standard practices for other senior corporate executives of the Company’s payroll policies.