Common use of Direct Compensation Clause in Contracts

Direct Compensation. For the service thereunder during the Employment Term and, if applicable, during the Extended Employment Term, Executive will receive a base salary payable at an annual rate of $225,000.00 (the “Base Salary”), to be paid in accordance with the normal practices for remunerating Titan executive management. Nothing in the Agreement will be deemed to prohibit an increase at any time in the Base Salary if Titan’s Board of Directors approves. (The Base Salary, if so adjusted, is therein called the “Adjusted Base Salary”). In addition to salary, each calendar year, the Executive shall be entitled to receive a bonus from (0%) to of seventy-five percent (75%) of her salary based on performance with specified criteria. The Board of Directors will establish the bonus and performance standards at the beginning of each year. The Executive shall receive stock options of up to a minimum of fifty percent (50%) of her base salary and in shares of the Company stock under the Company Stock Incentive Plan that shall vest and become exercisable as prescribed by the Plan. The Executive during the Employment term shall be entitled to four weeks of vacation plus Titan designated holidays in each year and shall, during such periods, be entitled to remuneration as hereinbefore provided and car allowance.

Direct Compensation. For the his service thereunder hereunder during the Employment Term and, if applicable, during the Extended Employment Term, Executive will receive a base salary payable at an annual rate of $225,000.00 250,000.00 (the “Base Salary”), to be paid in accordance with the normal practices for remunerating Titan executive management. Nothing in the this Agreement will be deemed to prohibit an increase at any time in the Base Salary if Titan’s Board of Directors approves. (The Base Salary, if so adjusted, is therein herein called the “Adjusted Base Salary”). In addition to salary, each calendar year, the Executive shall be entitled to receive a minimum bonus from (0%) to of seventy-twenty five percent (7525%) up to a maximum of fifty percent (50%) of her his salary based on performance with specified criteria. The Board of Directors will establish the bonus and performance standards at the beginning of each year. The Executive shall receive stock options of up to a minimum of fifty percent (50%) of her his base salary and in shares of the Company stock under the Company Stock Incentive Plan that shall vest and become exercisable as prescribed by the Plan. The Executive during the Employment term shall be entitled to four two weeks of vacation plus Titan designated holidays in each year and shall, during such periods, be entitled to remuneration as hereinbefore provided and car allowanceprovided.

Direct Compensation. For the his service thereunder hereunder during the Employment Term and, if applicable, during the Extended Employment Term, Executive will receive a base salary payable at an annual rate of $225,000.00 $ 300,000.00 (the “Base Salary”), to be paid in accordance with the normal practices for remunerating Titan executive management. Nothing in the this Agreement will be deemed to prohibit an increase at any time in the Base Salary if Titan’s Board of Directors approves. (The Base Salary, if so adjusted, is therein herein called the “Adjusted Base Salary”). In addition to salary, each calendar year, the Executive shall be entitled to receive a minimum bonus from (0%) to of seventytwenty-five percent (7525%) up to a maximum of hundred percent (100%) of her his salary based on performance with specified criteria. The Board of Directors will establish the bonus and performance standards at the beginning of each year. The Executive shall receive stock options of up to a minimum of fifty percent (50%) of her his base salary and in shares of the Company stock under the Company Stock Incentive Plan that shall vest and become exercisable as prescribed by the Plan. The Executive during the Employment term shall be entitled to four weeks of vacation plus Titan designated holidays in each year and shall, during such periods, be entitled to remuneration as hereinbefore provided and car allowanceprovided.

Direct Compensation. For the his service thereunder hereunder during the Employment Term and, if applicable, during the Extended Employment Term, Executive will receive a base salary payable at an annual rate of $225,000.00 $ 207,500.00 (the “"Base Salary”"), to be paid in accordance with the normal practices for remunerating Titan executive management. Nothing in the this Agreement will be deemed to prohibit an increase at any time in the Base Salary if Titan’s 's Board of Directors approves. (The Base Salary, if so adjusted, is therein herein called the “"Adjusted Base Salary”"). In addition to salary, each calendar year, the Executive shall be entitled to receive a minimum bonus from (0%) to of seventy-twenty five percent (7525%) up to a maximum of one hundred percent (100%) of her his salary based on performance with specified criteria. The Board of Directors will establish the bonus and performance standards at the beginning of each year. The Executive shall receive stock options of up to a minimum of fifty percent (50%) of her his base salary and in shares of the Company stock under the Company Stock Incentive Plan that shall vest and become exercisable as prescribed by the Plan. The Executive during the Employment term shall be entitled to four three weeks of vacation plus Titan designated holidays in each year and shall, during such periods, be entitled to remuneration as hereinbefore provided provided. The Executive shall continue to receive any benefit he currently receives in addition to benefits described in Section 4, 5 and car allowance6.

Direct Compensation. For the his service thereunder hereunder during the Employment Term and, if applicable, during the Extended Employment Term, Executive will receive a base salary payable at an annual rate of $$ 225,000.00 (the “Base Salary”), to be paid in accordance with the normal practices for remunerating Titan executive management. Nothing in the this Agreement will be deemed to prohibit an increase at any time in the Base Salary if Titan’s Board of Directors approves. (The Base Salary, if so adjusted, is therein herein called the “Adjusted Base Salary”). In addition to salary, each calendar year, the Executive shall be entitled to receive a bonus from zero (0%) up to a maximum of seventy-five percent (75%) of her his salary based on performance with specified criteria. The Board of Directors will establish the bonus and performance standards at the beginning of each year. The Executive shall receive stock options of up to a minimum of fifty percent (50%) of her his base salary and in shares of the Company stock under the Company Stock Incentive Plan that shall vest and become exercisable as prescribed by the Plan. The Executive during the Employment term shall be entitled to four weeks of vacation plus Titan designated holidays in each year and shall, during such periods, be entitled to remuneration as hereinbefore provided and car allowance.