Common use of Salary; Bonus Clause in Contracts

Salary; Bonus. (a) As his compensation hereunder, Executive shall be paid by the Company a base salary of $500,000 per annum during the first 12 month period of the Term, with the compensation for each of the remaining 12 month periods to be determined by the Board of Directors but not to be less than his base compensation for the preceding twelve month period adjusted for the increase, if any, in the Consumer Price Index for the last month of the immediately preceding twelve month period. For this purpose, the Consumer Price Index shall mean the Consumer Price Index U.S. City Average, All Items Figure for Urban Wage Earners and Clerical Workers, published by the Bureau of Labor Statistics of the U.S. Department of Labor, or any comparable Consumer Price Index which shall be subsequently published to supersede such designated Consumer Price Index. The base compensation shall be payable in equal biweekly installments.

Salary; Bonus. (a) As his her compensation hereunder, Executive shall be paid by the Company a base salary of $500,000 425,000 per annum during the first 12 month period of the Term, with the compensation for each of the remaining 12 month periods to be determined by the Board of Directors but not to be less than his her base compensation for the preceding twelve month period adjusted for the increase, if any, in the Consumer Price Index for the last month of the immediately preceding twelve month period. For this purpose, the Consumer Price Index shall mean the Consumer Price Index U.S. City Average, All Items Figure for Urban Wage Earners and Clerical Workers, published by the Bureau of Labor Statistics of the U.S. Department of Labor, or any comparable Consumer Price Index which shall be subsequently published to supersede such designated Consumer Price Index. The base compensation shall be payable in equal biweekly installments.

Salary; Bonus. (a) As his compensation hereunder, Executive shall be paid by the Company a base salary of $500,000 per annum during the first 12 month period of the Term, with the compensation for each of the remaining 12 month periods to be determined by the Board of Directors but not to be less than his base compensation for the preceding twelve month period adjusted for the increase, if any, in the Consumer Price Index for the last month of the immediately preceding twelve month period. For this purpose, purpose the Consumer Price Index shall mean the Consumer Price Index U.S. City Average, All Items Figure for Urban Wage Earners and Clerical Workers, published by the Bureau of Labor Statistics of the U.S. Department of Labor, or any comparable Consumer Price Index which shall be subsequently published to supersede such designated Consumer Price Index. The base compensation shall be payable in equal biweekly installments.

Salary; Bonus. (a) As his her compensation hereunder, Executive shall be paid by the Company a base salary of $500,000 425,000 per annum during the first 12 month period of the Term, with the compensation for each of the remaining 12 month periods to be determined by the Board of Directors but not to be less than his her base compensation for the preceding twelve month period adjusted for the increase, if any, in the Consumer Price Index for the last month of the immediately preceding twelve month period. For this purpose, purpose the Consumer Price Index shall mean the Consumer Price Index U.S. City Average, All Items Figure for Urban Wage Earners and Clerical Workers, published by the Bureau of Labor Statistics of the U.S. Department of Labor, or any comparable Consumer Price Index which shall be subsequently published to supersede such designated Consumer Price Index. The base compensation shall be payable in equal biweekly installments.

Salary; Bonus. (a) As his compensation hereunder, Executive shall be paid by the Company a base salary of $500,000 350,000 per annum during the first 12 month period of the Term, with the compensation for each of the remaining 12 month periods to be determined by the Board of Directors but not to be less than his base compensation for the preceding twelve month period adjusted for the increase, if any, in the Consumer Price Index for the last month of the immediately preceding twelve month period. For this purpose, purpose the Consumer Price Index shall mean the Consumer Price Index U.S. City Average, All Items Figure for Urban Wage Earners and Clerical Workers, published by the Bureau of Labor Statistics of the U.S. Department of Labor, or any comparable Consumer Price Index which shall be subsequently published to supersede such designated Consumer Price Index. The base compensation shall be payable in equal biweekly installments.

Salary; Bonus. (a) As his compensation hereunder, Executive shall be paid by the Company a base salary of $500,000 350,000 per annum during the first 12 month period of the Term, with the compensation for each of the remaining 12 month periods to be determined by the Board of Directors but not to be less than his base compensation for the preceding twelve month period adjusted for the increase, if any, in the Consumer Price Index for the last month of the immediately preceding twelve month period. For this purpose, the Consumer Price Index shall mean the Consumer Price Index U.S. City Average, All Items Figure for Urban Wage Earners and Clerical Workers, published by the Bureau of Labor Statistics of the U.S. Department of Labor, or any comparable Consumer Price Index which shall be subsequently published to supersede such designated Consumer Price Index. The base compensation shall be payable in equal biweekly installments.