Common use of Gross Salary Clause in Contracts

Gross Salary. During the term hereof, and subject to the performance of the services required to be performed hereunder by Employee, the Company shall pay to the Employee for all services rendered hereunder, $220,000 as annual base salary, payable not less often than once per month and in accordance with the Company’s normal and reasonable payroll practices, a monthly gross amount equal to $18,333.00 (the “Gross Salary”). The Board of Directors, the Board Chairman and/or the CEO will review the Gross Salary annually and, in its or their sole discretion, consider any increases it or they deem warranted at that time.

Gross Salary. During the term hereof, and subject to the performance of the services required to be performed hereunder by Employee, the Company shall pay to the Employee for all services rendered hereunder, $220,000 150,000 as annual base salary, payable not less often than once per month and in accordance with the Company’s normal and reasonable payroll practices, a monthly gross amount equal to $18,333.00 12,500 (the “Gross Salary”). The Board of DirectorsUpon recommendation by the Executive Vice-Chairman and/or the CEO, the Board Chairman and/or the CEO of Directors will review the Gross Salary annually and, in its or their sole discretion, consider any increases it or they deem deems warranted at that time.