Common use of Salary and Bonuses Clause in Contracts

Salary and Bonuses. During the Term, the Company shall pay Executive an annual base salary of $300,000, payable in equal installments during the year in accordance with the Company's customary practices for senior executives ("Base Salary"). The amount of Executive's Base Salary may be increased from time to time by the Board, and, once increased, such higher amount shall become the Base Salary for all purposes of this Agreement and may not thereafter be reduced. The Company shall also pay to Executive, to the extent earned, an annual cash bonus, not to exceed 100% of Base Salary, which shall be based on the performance of Executive and the UST Group's business as determined annually by the Compensation Committee of the Board in its discretion. The Company shall have the right to deduct and withhold from Executive's compensation all taxes and charges that are currently or that hereafter may be required by law to be so deducted and withheld. The Company shall establish a program whereby Executive may, at his option, defer receipt of any or all of the Base Salary and bonuses otherwise payable to him under this Agreement. Any amounts so deferred shall be placed in a "rabbi" trust, with a bank or other financial institution reasonably satisfactory to Executive, as trustee, providing the maximum security to Executive without causing the constructive receipt of income for federal income tax purposes and distributed, together with interest or other earnings thereon, according to a payment schedule to be designated by Executive.

Salary and Bonuses. During the Term, the Company shall pay Executive an annual base salary of $300,000350,000, payable in equal installments during the year in accordance with the Company's customary practices for senior executives ("Base Salary"). The amount of Executive's Base Salary may be increased from time to time by the Board, and, once increased, such higher amount shall become the Base Salary for all purposes of this Agreement and may not thereafter be reduced. The Company shall also pay to Executive, to the extent earned, an annual cash bonus, not to exceed 100% of Base Salary, which shall be based on the performance of Executive and the UST Group's business as determined annually by the Compensation Committee of the Board in its discretion. The Company shall have the right to deduct and withhold from Executive's compensation all taxes and charges that are currently or that hereafter may be required by law to be so deducted and withheld. The Company shall establish a program whereby Executive may, at his option, defer receipt of any or all of the Base Salary and bonuses otherwise payable to him under this Agreement. Any amounts so deferred shall be placed in a "rabbi" trust, with a bank or other financial institution reasonably satisfactory to Executive, Executive as trustee, trustee providing the maximum security to Executive without causing the constructive receipt of income for federal income tax purposes (the "Deferred Compensation Trust") and distributed, together with interest or other earnings thereon, according to a payment schedule to be designated by Executive.

Salary and Bonuses. During the Term, the Company shall pay Executive an annual base salary of $300,000145,000, payable in equal installments during the year in accordance with the Company's customary practices for senior executives ("Base Salary"). The amount of Executive's Base Salary may be increased from time to time by the Board, and, once increased, such higher amount shall become the Base Salary for all purposes of this Agreement and may not thereafter be reduced. The Company shall also pay to Executive, to the extent earned, an annual cash bonus, not to exceed 100% of Base Salary, which shall be based on the performance of Executive and the UST Group's business as determined annually by the Compensation Committee of the Board in its discretion; provided that for each of 1998 and 1999 such cash bonus shall be a minimum of 50% of Base Salary. The Company shall have the right to deduct and withhold from Executive's compensation all taxes and charges that are currently or that hereafter may be required by law to be so deducted and withheld. The Company shall establish a program whereby Executive may, at his option, defer receipt of any or all of the Base Salary and bonuses otherwise payable to him under this Agreement. Any amounts so deferred shall be placed in a "rabbi" trust, with a bank or other financial institution reasonably satisfactory to Executive, Executive as trustee, trustee providing the maximum security to Executive without causing the constructive receipt of income for federal income tax purposes (the "Deferred Compensation Trust") and distributed, together with interest or other earnings thereon, according to a payment schedule to be designated by Executive. Terms of the Deferred Compensation Trust shall be reasonably satisfactory to the Executive and provide maximum flexibility under applicable Internal Revenue Service regulations. The Company shall bear the costs of administering the Deferred Compensation Trust.

Salary and Bonuses. During the Term, the Company shall pay Executive an annual base salary of $300,000175,000, payable in equal installments during the year in accordance with the Company's customary practices for senior executives ("Base Salary"). The amount of Executive's Base Salary may be increased from time to time by the Board, and, once increased, such higher amount shall become the Base Salary for all purposes of this Agreement and may not thereafter be reduced. The Company shall also pay to Executive, to the extent earned, an annual cash bonus, not to exceed 100% of Base Salary, which shall be based on the performance of Executive and the UST Group's business as determined annually by the Compensation Committee of the Board in its discretion; provided that for each of 1998 and 1999 such cash bonus shall be a minimum of 50% of Base Salary. The Company shall have the right to deduct and withhold from Executive's compensation all taxes and charges that are currently or that hereafter may be required by law to be so deducted and withheld. The Company shall establish a program whereby Executive may, at his option, defer receipt of any or all of the Base Salary and bonuses otherwise payable to him under this Agreement. Any amounts so deferred shall be placed in a "rabbi" trust, with a bank or other financial institution reasonably satisfactory to Executive, Executive as trustee, trustee providing the maximum security to Executive without causing the constructive receipt of income for federal income tax purposes (the "Deferred Compensation Trust") and distributed, together with interest or other earnings thereon, according to a payment schedule to be designated by Executive. Terms of the Deferred Compensation Trust shall be reasonably satisfactory to the Executive and provide maximum flexibility under applicable Internal Revenue Service regulations. The Company shall bear the costs of administering the Deferred Compensation Trust.

Salary and Bonuses. During the Term, the Company shall pay Executive an annual base salary of $300,000, payable in equal installments during the year in accordance with the Company's customary practices for senior executives ("Base Salary"). The amount of Executive's Base Salary may be increased from time to time by the Board, and, once increased, such higher amount shall become the Base Salary for all purposes of this Agreement and may not thereafter be reduced. The Company shall also pay to Executive, to the extent earned, an annual cash bonus, not to exceed 100% of Base Salary, which shall be based on the performance of Executive and the UST Group's business as determined annually by the Compensation Committee of the Board in its discretion. The Company shall have the right to deduct and withhold from Executive's compensation all taxes and charges that are currently or that hereafter may be required by law to be so deducted and withheld. The Company shall establish a program whereby Executive may, at his option, defer receipt of any or all of the Base Salary and bonuses otherwise payable to him under this Agreement. Any amounts so deferred shall be placed in a "rabbi" trust, with a bank or other financial institution reasonably satisfactory to Executive, Executive as trustee, trustee providing the maximum security to Executive without causing the constructive receipt of income for federal income tax purposes (the "Deferred Compensation Trust") and distributed, together with interest or other earnings thereon, according to a payment schedule to be designated by Executive.

Salary and Bonuses. During the Term, the Company shall pay Executive an annual base salary of $300,000126,000, payable in equal installments during the year in accordance with the Company's customary practices for senior executives ("Base Salary"). The amount of Executive's Base Salary may be increased from time to time by the Board, and, once increased, such higher amount shall become the Base Salary for all purposes of this Agreement and may not thereafter be reduced. The Company shall also pay to Executive, to the extent earned, an annual cash bonus, not to exceed 100% of Base Salary, which shall be based on the performance of Executive and the UST Group's business as determined annually by the Compensation Committee of the Board in its discretion. The Company shall have the right to deduct and withhold from Executive's compensation all taxes and charges that are currently or that hereafter may be required by law to be so deducted and withheld. The Company shall establish a program whereby Executive may, at his option, defer receipt of any or all of the Base Salary and bonuses otherwise payable to him under this Agreement. Any amounts so deferred shall be placed in a "rabbi" trust, with a bank or other financial institution reasonably satisfactory to Executive, as trustee, providing the maximum security to Executive without causing the constructive receipt of income for federal income tax purposes and distributed, together with interest or other earnings thereon, according to a payment schedule to be designated by Executive.

Salary and Bonuses. During the Term, the Company shall pay Executive an annual base salary of $300,000260,000, payable in equal installments during the year in accordance with the Company's customary practices for senior executives ("Base Salary"). The amount of Executive's Base Salary may be increased from time to time by the Board, and, once increased, such higher amount shall become the Base Salary for all purposes of this Agreement and may not thereafter be reduced. The Company shall also pay to Executive, to the extent earned, an annual cash bonus, not to exceed 100% of Base Salary, which shall be based on the performance of Executive and the UST Group's business as determined annually by the Compensation Committee of the Board in its discretion; provided that for each of 1998 and 1999 such cash bonus shall be a minimum of 50% of Base Salary. The Company shall have the right to deduct and withhold from Executive's compensation all taxes and charges that are currently or that hereafter may be required by law to be so deducted and withheld. The Company shall establish a program whereby Executive may, at his option, defer receipt of any or all of the Base Salary and bonuses otherwise payable to him under this Agreement. Any amounts so deferred shall be placed in a "rabbi" trust, with a bank or other financial institution reasonably satisfactory to Executive, Executive as trustee, trustee providing the maximum security to Executive without causing the constructive receipt of income for federal income tax purposes (the "Deferred Compensation Trust") and distributed, together with interest or other earnings thereon, according to a payment schedule to be designated by Executive. Terms of the Deferred Compensation Trust shall be reasonably satisfactory to the Executive and provide maximum flexibility under applicable Internal Revenue Service regulations. The Company shall bear the costs of administering the Deferred Compensation Trust.