Common use of Retroactive Salary Clause in Contracts

Retroactive Salary. The Parties agree that, on the Effective Date, the Executive shall be entitled to receive a retroactive salary increase equal to the difference between the Base Salary actually paid to the Executive and the Base Salary set forth in Section 1 of this Amendment for the period beginning on June 1, 2019 and ending on the Effective Date (the “Retroactive Salary”). The Retroactive Salary shall be payable to the Executive in a lump sum in cash on the Effective Date.

Retroactive Salary. The Parties agree that, on upon achievement of the Effective DateSotio Milestone, the Executive shall be entitled to receive a retroactive salary increase equal to the difference between the Base Salary actually paid to the Executive and the Base Salary set forth in Section 1 of this Amendment for the period beginning on June 1March 17, 2019 2017 and ending on the Effective Milestone Date (the “Retroactive Salary”). The Retroactive Salary shall be payable to the Executive in a lump sum in cash on immediately following achievement of the Effective DateSotio Milestone.