Common use of During the Term Clause in Contracts

During the Term. Employer agrees to pay and Employee agrees to accept a salary (the “Base Salary”) at an annual rate of $1,500,000. The Base Salary at the annual rate set forth in this Section 3.1 shall only apply following the Effective Date (and have no retroactive effect) and shall be payable in accordance with Employer’s customary procedures and practices commencing on the first payroll date following the Effective Date.

During the Term. Employer agrees to pay and Employee agrees to accept a salary (the “Base Salary”) at an annual rate of $1,500,0002,250,000. The Base Salary at the annual rate set forth in this Section 3.1 shall only apply following the Effective Date (and have no retroactive effect) and shall be payable in accordance with Employer’s customary procedures and practices commencing on the first payroll date following the Effective Date.

During the Term. Employer agrees to pay and Employee agrees to accept a salary (the “Base Salary”) at an annual rate of $1,500,0001,000,000. The Base Salary at the annual rate set forth in this Section 3.1 shall only apply following the Effective Date (and have no retroactive effect) and shall be payable in accordance with Employer’s customary procedures and practices commencing on the first payroll date following the Effective Date.