Common use of Compensation and Benefit Plans Clause in Contracts

Compensation and Benefit Plans. (a) The Executive shall receive a base salary during the Employment Period which shall be payable in installments at such times as other employees are paid but in any case at least monthly as follows: (1) During the first year of the Employment Period ("Year One"), the Executive shall receive a gross base salary of not less than ten thousand dollars ($10,000.00) per month; (2) During the second year of the Employment Period ("Year Two"), the Executive shall receive a base salary of not less than the base salary received in Year One. The base salary received in any year shall be subject to other upward adjustments as shall be recommended by the President and CEO of the Company to the Board of Directors of the Company (the "Board") and as shall be approved by the Board and Compensation Committee.

Compensation and Benefit Plans. (a) The Executive shall receive a base salary during the Employment Period which shall be payable in installments at such times as other employees are paid but in any case at least monthly as follows: (1) During the first year of the Employment Period ("Year One"), the Executive shall receive a gross base salary of not less than ten twelve thousand dollars ($10,000.0012,000) per month; (2) During the second year of the Employment Period ("Year Two"), the Executive shall receive a base salary of not less than the base salary received in Year One. The base salary received in any year shall be subject to other upward adjustments as shall be recommended by the President and CEO of the Company to the Board of Directors of the Company (the "Board") and as shall be approved by the Board and Compensation Committee.

Compensation and Benefit Plans. (a) The Executive shall receive a base salary during the Employment Period which shall be payable in installments at such times as other employees are paid but in any case at least monthly as follows: (1) During the first year of the Employment Period ("`Year One"), the Executive shall receive a gross base salary of not less than ten thousand dollars ($10,000.00) per month; (2) During the second year of the Employment Period ("Year Two"), the Executive shall receive a base salary of not less than the base salary received in Year One. The base salary received in any year shall be subject to other upward adjustments as shall be recommended by the President and CEO of the Company to the Board of Directors of the Company (the "Board") and as shall be approved by the Board and Compensation Committee.

Compensation and Benefit Plans. (a) The Executive shall receive a base salary during the Employment Period which shall be payable in installments at such times as other employees are paid but in any case at least monthly as follows: (1) During the first year of the Employment Period ("Year One"), the Executive shall receive a gross base salary of not less than ten thousand dollars ($10,000.0010,000) per month; (2) During the second year and third years of the Employment Period ("Year Two" and "Year Three" respectively), the Executive shall receive a base salary of not less than the base salary received in Year One. The base salary received in any year shall be subject to other upward adjustments adjustment as shall be recommended by the President and CEO C.E.O. of the Company to the Board of Directors of the Company (the "Board") and as shall be approved by the Board and Compensation CommitteeBoard.

Compensation and Benefit Plans. (a) The Executive shall receive a base salary during the Employment Period which shall be payable in installments at such times as other employees are paid but in any case at least monthly as follows: (1) During the first year of the Employment Period ("`Year One"), the Executive shall receive a gross base salary of not less than ten two thousand dollars ($10,000.002,000.00) per monthmonth for his services as Secretary of the Company; (2) During the second year of the Employment Period ("Year Two"), the Executive shall receive a base salary of not less than the base salary received in Year One. The base salary received in any year shall be subject to other upward adjustments as shall be recommended by the President and CEO of the Company to the Board of Directors of the Company (the "Board") and as shall be approved by the Board and Compensation Committee.