Raises. Employee may receive increases in the base salary at the discretion of the Board of Directors of the Company, which increased base salary shall become the base salary for purposes of this Agreement.
Appears in 3 contracts
Sources: Employment Agreement (Resaca Exploitation, Inc.), Employment Agreement (Cano Petroleum, Inc), Employment Agreement (Cano Petroleum, Inc)
Raises. Employee may receive periodic increases in the base salary at the discretion recommendation of the Chief Executive Officer and the approval Board of Directors of the Company, which increased base salary shall become the base salary for purposes of this Agreement.
Appears in 1 contract