Common use of Salary revision Clause in Contracts

Salary revision. During the term of this Agreement, the provisions of Section 3 (including the amount of and procedures relating to Base Salary) shall remain in effect from Year to Year unmodified, unless modified pursuant to an amendment to this Agreement executed by Executive and the Company. The Company agrees that during the Term of this Agreement, the Board of Directors will review the Base Salary annually to determine if an adjustment is warranted based on all factors the Board of Directors deems relevant including, without limitation, cost of living, the Company's financial condition and performance and Executive's performance and contribution.

Appears in 3 contracts

Samples: Employment Agreement (Provision Holding, Inc.), Employment Agreement (Synergx Systems Inc), Employment Agreement (Synergx Systems Inc)

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Salary revision. During the term of this Agreement, the provisions of Section 3 (including the amount of and procedures relating to Base Salary) shall remain in effect from Year to Year unmodified, unless modified pursuant to an amendment to this Agreement executed by Executive and the Company. The Company agrees that during the Term of this Agreement, the Board of Directors will review the Base Salary annually to determine if an adjustment is warranted based on all factors the Board of Directors deems relevant including, without limitation, cost of living, the Company's financial condition and performance and Executive's performance and contribution.

Appears in 1 contract

Samples: Employment Agreement (Firetector Inc)

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