Common use of Salary Clause in Contracts

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of $175,000 ("Base Salary"). Executive's Base Salary shall be paid in approximately equal installments in accordance with the Company's customary payroll practices. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of $175,000 200,000 ("Base Salary"). Executive's Base Salary shall be paid in approximately equal installments in accordance with the Company's customary payroll practices. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of $175,000 150,000 ("Base Salary"). Executive's Base Salary shall be paid in approximately equal installments in accordance with the Company's customary payroll practices. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of not less than $175,000 975,000 ("“Base Salary"”). Executive's ’s Base Salary shall be paid in approximately equal installments in accordance with the Company's ’s customary payroll practices. If the Company increases Executive's ’s Base Salary is increased by the CompanySalary, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement. The Company may not decrease Executive’s Base Salary during the Employment Period.

Salary. During the Employment Period, the Company shall pay to Executive an annual a base salary at the rate of $175,000 395,000 per annum ("the “Base Salary"”). Executive's The Base Salary shall be paid in approximately equal installments in accordance with the Company's customary ’s standard payroll practices. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreementpractices in effect from time to time.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of not less than $175,000 400,000 ("“Base Salary"”). Executive's ’s Base Salary shall be paid in approximately equal installments in accordance with the Company's ’s customary payroll practices. If the Company increases Executive's ’s Base Salary is increased by the CompanySalary, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement. The Company may not decrease Executive’s Base Salary during the Employment Period.

Salary. During the Employment Period, the Company shall pay Executive a Base Salary at an annual base salary rate of $175,000 488,000, payable in equal installments pursuant to the Company’s customary payroll policies in force at the time of payment ("Base Salary"but in no event less frequently than monthly), less required payroll deductions. Executive's ’s Base Salary shall be paid subject to review and increase in approximately equal installments in accordance with the Company's customary payroll practices. If Executive's Base Salary is increased by sole discretion of the Company, such increased Base Salary shall then constitute Compensation Committee of the Base Salary for all purposes of this AgreementBoard.

Salary. During The Company shall pay the Executive a base salary during the Employment Period (the "Base Salary") at the rate of $15,000 per month payable on the normal payroll dates for the Company. The Base Salary shall be subject to an increase as determined by the Board of Directors of Parent from time to time in its sole discretion. Annual Bonus. Each year during the Employment Period, the Company Executive shall pay Executive earn an annual base salary of $175,000 bonus (the "Base SalaryAnnual Bonus"). Executive's Base Salary shall be paid in approximately equal installments in accordance with the Company's customary payroll practices. If Executive's Base Salary is increased ) as determined by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes Board of this AgreementDirectors of Parent in its sole discretion.

Salary. During the Employment Period, the Company shall Employer will pay Executive an annual a base salary of $175,000 206,000 per annum ("the “Base Salary"”). Executive's Base Salary shall be paid in approximately equal installments in accordance with the Company's customary payroll practices. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute The Board may review the Base Salary for all purposes of Executive and may adjust the Base Salary by such amount as the Board, in its sole discretion, shall deem appropriate. The term “Base Salary” as used in this AgreementAgreement shall refer to the Base Salary as it may be so adjusted.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of $175,000 325,000 ("Base Salary"). Executive's Base Salary shall be paid in approximately equal installments in accordance with the Company's customary payroll practices. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of not less than $175,000 350,000 ("“Base Salary"”). Executive's ’s Base Salary shall be paid in approximately equal installments in accordance with the Company's ’s customary payroll practices. If the Company increases Executive's ’s Base Salary is increased by the CompanySalary, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement. The Company may not decrease Executive’s Base Salary during the Employment Period.

Salary. During the Employment PeriodPeriod (as defined herein), Company will pay to Executive, as full compensation for the Company shall pay Executive an annual services rendered by Executive, a base salary at a rate of $175,000 120,000 per annum ("Base Salary"). Executive's Company will pay the Base Salary shall be paid in approximately equal installments in accordance with the Company's customary established payroll practicesprocedures. If Executive's Base Salary is increased by the CompanyPayments will be made in monthly installments, or in such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreementother periodic installments upon which Company and Executive will mutually agree.

Salary. During the Employment Period, the Company shall pay Executive an annual a base salary at the annual rate of $175,000 ("Base Salary"). Executive's Base Salary shall be paid 450,000.00, payable in approximately equal regular installments in accordance with the Company's customary payroll practices’s usual payment practices subject to required withholdings and taxes (the “Base Salary”). If Executive may receive increases in Executive's ’s Base Salary to the extent such an increase is increased by approved in the Company, such increased Base Salary shall then constitute sole discretion of the Base Salary for all purposes of this AgreementBoard.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of $175,000 250,000 ("Base Salary"). Executive's Base Salary shall be paid in approximately equal installments in accordance with the Company's customary payroll practices. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of $175,000 120,000 per year ("Base Salary"). ----------- Executive's Base Salary shall be paid in approximately equal installments in accordance with the Company's customary payroll schedule and practices. Executive's Base Salary shall be subject to annual reviews commencing January 2000 and each year thereafter. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement. All compensation paid to Executive shall be subject to withholding and other employment taxes imposed by applicable law.

Salary. During the Employment Period, the Company shall pay to the Executive an annual base salary at a rate of $175,000 1,023,750 ("the “Base Salary"”). Executive's The Base Salary shall be paid in approximately substantially equal installments installments, no less frequently than monthly, in accordance with the Company's customary ’s standard payroll practices. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.

Salary. During The Company agrees to pay Executive a salary during the Employment Period, Period in installments based on the Company shall pay Executive an annual base Company’s payroll practices as may be in effect from time to time. The Executive’s salary is currently set at the rate of $175,000 200,000.00 per year ("“Base Salary"”). Executive's The Base Salary shall may be paid in approximately equal installments in accordance with increased at the sole discretion of the Company's customary payroll practices. If The Company will not decrease Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement’s base salary.

Salary. During the Employment Period, the Company shall pay to Executive a base salary at the rate of $595,000 per annum (the “Base Salary”). On an annual base salary basis the Board or the compensation committee of $175,000 the Board ("the “Compensation Committee”) shall review Executive’s Base Salary")Salary and may increase such amount as it may deem advisable. Executive's The Base Salary shall be paid in approximately equal installments in accordance with the Company's customary ’s standard payroll practices. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreementpractices in effect from time to time.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of not less than $175,000 462,000 ("“Base Salary"”), which, for the purposes of this Section 5(a), shall be retroactively adjusted to January 1, 2011. Executive's ’s Base Salary shall be paid in approximately equal installments in accordance with the Company's ’s customary payroll practices. If the Company increases Executive's ’s Base Salary is increased by the CompanySalary, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.

Salary. During the Employment Period, the Company shall pay Executive an annual Executive's base salary of shall be $175,000 600,000 per annum (the "Base Salary"). Executive's Base Salary , which salary shall be paid payable by the Company in approximately equal regular installments in accordance with the Company's customary general payroll practices. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary pro-rated for all purposes of this Agreementany partial years.

Salary. During the Employment Period, the Company shall pay Executive a Base Salary at an annual base salary rate of $175,000 400,000, payable in equal installments pursuant to the Company's customary payroll policies in force at the time of payment ("Base Salary"but in no event less frequently than monthly), less required payroll deductions. Executive's Base Salary shall be paid subject to review and increase in approximately equal installments in accordance with the Company's customary payroll practices. If Executive's Base Salary is increased by sole discretion of the Company, such increased Base Salary shall then constitute Compensation Committee of the Base Salary for all purposes of this AgreementBoard.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of $175,000 160,000 per year ("Base SalaryBASE SALARY"). Executive's Base Salary shall be paid in approximately equal installments in accordance with the Company's customary payroll schedule and practices. Executive's Base Salary shall be subject to annual reviews commencing November 1999 and each year thereafter. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement. All compensation paid to Executive shall be subject to withholding and other employment taxes imposed by applicable law.

Salary. During the Employment Period, the Company shall Employer will pay Executive an annual a base salary of $175,000 218,000 per annum ("the “Base Salary"”). Executive's Base Salary shall be paid in approximately equal installments in accordance with the Company's customary payroll practices. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute The Board may review the Base Salary for all purposes of Executive and may adjust the Base Salary by such amount as the Board, in its sole discretion, shall deem appropriate. The term “Base Salary” as used in this AgreementAgreement shall refer to the Base Salary as it may be so adjusted.

Salary. During For the Employment Periodperiod beginning on the Effective Date and continuing through the Period of Employment, the Company shall pay the Executive an annual a base salary at the rate of $175,000 270,000 per year ("the “Base Salary"”). The Executive's ’s Base Salary shall be paid in approximately equal installments in accordance with the Company's customary ’s executive payroll practicespractice. If Executive's The Base Salary is increased by will remain unchanged during the CompanyPeriod of Employment. During any Extended Period of Employment, such increased Base Salary shall then constitute the CEO or his designee may in his sole discretion increase or decrease the Base Salary for all purposes of this AgreementSalary.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of $175,000 __________ ("Base Salary"). Executive's Base Salary shall be paid in approximately equal installments in accordance with the Company's customary payroll practices. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.

Salary. During the Employment Period, Executive shall receive a ------ base salary at the rate of $300,000 per annum (the "Base Salary"), payable in regular installments in accordance with Capital Trust's general payroll practices for salaried employees. During the Employment Period, the Company shall pay Executive an annual base salary of $175,000 ("Base Salary"). Executive's Base Salary shall may be paid in approximately equal installments in accordance with increased as of each anniversary of the Company's customary payroll practices. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes date of this AgreementAgreement in the Board's sole discretion.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of not less than $175,000 850,000 ("“Base Salary"”). Executive's ’s Base Salary shall be paid in approximately equal installments in accordance with the Company's ’s customary payroll practices. If the Company increases Executive's ’s Base Salary is increased by the CompanySalary, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement. The Company may not decrease Executive’s Base Salary during the Employment Period.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of not less than $175,000 650,000 ("“Base Salary"”). Executive's ’s Base Salary shall be paid in approximately equal installments in accordance with the Company's ’s customary payroll practices. If the Company increases Executive's ’s Base Salary is increased by the CompanySalary, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement. The Company may not decrease Executive’s Base Salary during the Employment Period.

Salary. During the Employment Period, the Company shall Employer will pay Executive an annual a base salary of $175,000 547,000 per annum ("the “Base Salary"”). Executive's Base Salary shall be paid in approximately equal installments in accordance with the Company's customary payroll practices. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute The Board may review the Base Salary for all purposes of Executive and may adjust the Base Salary by such amount as the Board, in its sole discretion, shall deem appropriate. The term “Base Salary” as used in this AgreementAgreement shall refer to the Base Salary as it may be so adjusted.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of not less than $175,000 300,000 ("“Base Salary"”). Executive's ’s Base Salary shall be paid in approximately equal installments in accordance with the Company's ’s customary payroll practices. If the Company increases Executive's ’s Base Salary is increased by the CompanySalary, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement. The Company may not decrease Executive’s Base Salary during the Employment Period.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of $175,000 180,000 ("Base Salary"). Executive's Base Salary shall be paid in approximately equal installments in accordance with the Company's customary payroll practices. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.

Salary. During the Employment PeriodPeriod of Employment, the Company shall pay the Executive an annual base salary of $175,000 ("the “Base Salary"). Executive's Base Salary shall be ”) of not less than $390,000.00, paid in approximately equal installments in accordance with the Company's customary ’s payroll and compensation practices. If Executive's Base Salary is increased by the Company, such increased The Base Salary shall then constitute be reviewed annually. Based upon such review, the Company may increase the Executive’s Base Salary. Any increase in Base Salary for all purposes of shall not serve to limit or reduce any other obligation to the Executive under this Agreement.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of $175,000 185,000 per year ("Base SalaryBASE SALARY"). Executive's Base Salary shall be paid in approximately equal installments in accordance with the Company's customary payroll schedule and practices. Executive's Base Salary shall be subject to annual reviews commencing December 1999 and each year thereafter. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement. All compensation paid to Executive shall be subject to withholding and other employment taxes imposed by applicable law.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of $175,000 125,000 per year ("Base SalaryBASE SALARY"). Executive's Base Salary shall be paid in approximately equal installments in accordance with the Company's customary payroll schedule and practices. Executive's Base Salary shall be subject to annual reviews commencing October 1999 and each year thereafter. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement. All compensation paid to Executive shall be subject to withholding and other employment taxes imposed by applicable law.

Salary. During the Employment Period, the Company shall pay Executive a Base Salary at an annual base salary rate of $175,000 440,000, payable in equal installments pursuant to the Company's customary payroll policies in force at the time of payment ("Base Salary"but in no event less frequently than monthly), less required payroll deductions. Executive's Base Salary shall be paid subject to review and increase in approximately equal installments in accordance with the Company's customary payroll practices. If Executive's Base Salary is increased by sole discretion of the Company, such increased Base Salary shall then constitute Compensation Committee of the Base Salary for all purposes of this AgreementBoard.

Salary. During the Employment Period, the Company shall pay Executive an annual a base salary of $175,000 40,000 per year (the "Base Salary"); provided, however, that the Base Salary shall be automatically increased to the rate of $75,000 per year upon the Company receiving aggregate additional equity capital of $3.0 million (excluding for this purpose funds received upon the exercise of securities outstanding as of the date hereof) on or before September 6, 2002. Executive's Base Salary shall be paid in approximately equal installments in accordance with the Company's customary payroll schedule and practices. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.

Salary. During the Employment Period, the Company shall pay to Executive a base salary at the rate of $495,000 per annum (the “Base Salary”). On an annual base salary basis the Board or the compensation committee of $175,000 the Board ("the “Compensation Committee”) shall review Executive’s Base Salary")Salary and may increase such amount as it may deem advisable. Executive's The Base Salary shall be paid in approximately equal installments in accordance with the Company's customary ’s standard payroll practices. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreementpractices in effect from time to time.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of not less than $175,000 360,000 ("“Base Salary"”). Executive's ’s Base Salary shall be paid in approximately equal installments in accordance with the Company's ’s customary payroll practices. If the Company increases Executive's ’s Base Salary is increased by the CompanySalary, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement. The Company may not decrease Executive’s Base Salary during the Employment Period.

Salary. During the Employment Period, Executive shall receive a base salary at the rate of $300,000 per annum (the "Base Salary"), payable in regular installments in accordance with Capital Trust's general payroll practices for salaried employees. During the Employment Period, the Company shall pay Executive an annual base salary of $175,000 ("Base Salary"). Executive's Base Salary shall may be paid in approximately equal installments in accordance with increased as of each anniversary of the Company's customary payroll practices. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes date of this AgreementAgreement in the Board's sole discretion.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of not less than $175,000 600,000 ("“Base Salary"”). Executive's ’s Base Salary shall be paid in approximately equal installments in accordance with the Company's ’s customary payroll practices. If the Company increases Executive's ’s Base Salary is increased by the CompanySalary, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement. The Company may not decrease Executive’s Base Salary during the Employment Period.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of not less than $175,000 750,000 ("“Base Salary"”). Executive's ’s Base Salary shall be paid in approximately equal installments in accordance with the Company's ’s customary payroll practices. If the Company increases Executive's ’s Base Salary is increased by the CompanySalary, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of not less than $175,000 275,000 ("“Base Salary"”). Executive's ’s Base Salary shall be paid in approximately equal installments in accordance with the Company's ’s customary payroll practices. If the Company increases Executive's ’s Base Salary is increased by the CompanySalary, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement. The Company may not decrease Executive’s Base Salary during the Employment Period.

Salary. During the Employment Period, the Company Employer shall pay Executive an annual base salary of $175,000 200,000 (the "Base Salary"). Executive's Base Salary shall be paid , payable in approximately substantially equal periodic installments in accordance with the CompanyEmployer's customary payroll practicespolicy from time to time in effect. If Executive's Base Salary is increased by the Company, such increased The Base Salary shall then constitute the Base Salary for all purposes of this Agreementbe subject to any payroll or other deductions as may be required to be made pursuant to law, government order, and by any other agreement with, or consent of, Executive.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of $175,000 275,000 ("Base Salary"). Executive's Base Salary shall be paid in approximately equal installments in accordance with the Company's customary payroll practices. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.

Salary. During the Employment Period, the The Company shall pay the Executive an annual a base salary of $175,000 during the Employment Period (the "Base Salary")) at the rate of $15,000 per month payable on the normal payroll dates for the Company. Executive's The Base Salary shall be paid in approximately equal installments in accordance with the Company's customary payroll practices. If Executive's Base Salary is increased subject to an increase as determined by the CompanyBoard of Directors of Parent from time to time in its sole discretion, such increased provided that as of each June 1 during the Agreement Term the amount of the Base Salary shall increase by not less than 5% of the then constitute the Base Salary for all purposes of this Agreementcurrent base salary.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of $175,000 200,000 per year ("Base SalaryBASE SALARY"). Executive's Base Salary shall be paid in approximately equal installments in accordance with the Company's customary payroll schedule and practices. Executive's Base Salary shall be subject to annual reviews commencing October 1999 and each year thereafter. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement. All compensation paid to Executive shall be subject to withholding and other employment taxes imposed by applicable law.

Salary. During the Employment Period, the Company Executive shall pay Executive be paid an annual base salary of $175,000 189,650 during the Term ("the “Base Salary"”). Executive's , which Base Salary shall be paid payable in approximately equal periodic installments in accordance with the according to Company's ’s customary payroll practices, but no less frequently than monthly. If Company may, within its sole discretion, increase the amount of Executive's ’s Base Salary is increased by at any point during the CompanyTerm, such increased Base Salary which amount shall then constitute become the Base Salary for all the purposes of this Employment Agreement.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of $175,000 120,000 ("Base Salary"). Executive's Base Salary shall be paid in approximately equal installments in accordance with the Company's customary payroll practices. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of $175,000 120,000 ("Base Salary")) until January 31, 2000 and, thereafter, an annual base salary of $150,000. Executive's Base Salary shall be paid in approximately equal installments in accordance with the Company's customary payroll practices. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.

Salary. During the Employment Periodterm of the Executive's employment hereunder, the Company shall pay to the Executive an annual base salary of $175,000 240,000 (the "Base Salary"). Executive's Base Salary shall , such salary to be paid in approximately substantially equal periodic installments in accordance with the normal payroll practice of the Company's customary payroll practices. If Executive's Base Salary is increased by and when the CompanyExecutive assumes the additional title of Chief Executive Officer, such increased during the Term of this Agreement, the Base Salary shall then constitute be increased to $280,000 for the remainder of the Executive's employment hereunder. The Base Salary for all purposes any partial year will be prorated based upon the number of this Agreementdays elapsed in such year.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of not less than $175,000 500,000 ("“Base Salary"”). Executive's ’s Base Salary shall be paid in approximately equal installments in accordance with the Company's ’s customary payroll practices. If the Company increases Executive's ’s Base Salary is increased by the CompanySalary, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement. The Company may not decrease Executive’s Base Salary during the Employment Period.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of $175,000 300,000 ("Base Salary"). Executive's Base Salary shall be paid in approximately equal installments in accordance with the Company's customary payroll practices. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.

Salary. During the Employment Period, the Company Employer shall pay Executive an annual base salary of $175,000 275,000 (the "Base Salary"). Executive's Base Salary shall be paid , payable in approximately substantially equal periodic installments in accordance with the CompanyEmployer's customary payroll practicespolicy from time to time in effect. If Executive's Base Salary is increased by the Company, such increased The Base Salary shall then constitute the Base Salary for all purposes of this Agreementbe subject to any payroll or other deductions as may be required to be made pursuant to law, government order, and by any other agreement with, or consent of, Executive.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary at the rate of not less than the annual salary paid to the President of the Company, but in no event less than $175,000 525,000 per year ("Base Salary"). Executive's Base Salary shall be paid in approximately equal installments in accordance with the Company's customary payroll practices. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.

Salary. During the Employment Period, following the commencement of full-time employment, the Company shall pay Executive an annual base salary of $175,000 555,000 ("Base Salary"), with pro-rata payment thereof for periods from the Effective Date until commencement of full-time employment. Executive's Base Salary shall be paid in approximately equal installments in accordance with the Company's customary payroll practices. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.

Salary. During the Employment Period, the Company shall will pay the Executive an annual initial base salary of $175,000 1,500,000 per annum (the "Base Salary"). Executive's The Base Salary shall will be paid in approximately equal installments in accordance with increased annually on each anniversary of the Company's customary payroll practices. If Executive's Base Salary is increased by the CompanyCommencement Date, such increased Base Salary shall then constitute to 105% of the Base Salary for all purposes of paid to the Executive in the prior calendar year. The term "Base Salary" as used in this AgreementAgreement will refer to the Base Salary as it may be so increased.

Salary. During the Employment Period, the Company shall Employer will pay Executive an annual a base salary of $175,000 265,000 per annum ("the “Base Salary"”). Executive's Base Salary shall be paid in approximately equal installments in accordance with the Company's customary payroll practices. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute The Board may review the Base Salary for all purposes of Executive and may adjust the Base Salary by such amount as the Board, in its sole discretion, shall deem appropriate. The term “Base Salary” as used in this AgreementAgreement shall refer to the Base Salary as it may be so adjusted.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of $175,000 225,000 ("Base Salary"). Executive's Base Salary shall be paid in approximately equal installments in accordance with the Company's customary payroll practices. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of not less than $175,000 500,000 per year ("the “Base Salary"”). Executive's Base Salary , which shall be paid in approximately equal installments to Executive in accordance with the Company's customary ’s standard payroll practices. If Executive's Base Salary is increased by the Company, such increased ’s Base Salary shall then constitute be subject to review by the Base Salary for all purposes Board or the Compensation Committee of this Agreementthe Board on an annual basis commencing no later than October 21, 2009.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of $175,000 155,000 ("Base Salary"). Executive's Base Salary shall be paid in approximately equal installments in accordance with the Company's customary payroll practices. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of $175,000 225,000 ("“Base Salary"”). Executive's ’s Base Salary shall be paid in approximately equal installments in accordance with the Company's ’s customary payroll practices. If Executive's ’s Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.

Salary. During the Employment Period, the Company shall pay Executive an annual Executive's monthly base salary of $175,000 ("Base Salary"). Executive's Base Salary ) shall be paid in approximately equal installments $37,500, provided that such amount shall be increased at the same time and by the same percentage as is the base salary of the Chief Executive Officer of Parent, payable in accordance with the Company's customary general payroll practices. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreementpractices as in effect from time to time.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of not less than $175,000 362,000 ("“Base Salary"”), which, for the purposes of this Section 5(a), shall be retroactively adjusted to January 1, 2011. Executive's ’s Base Salary shall be paid in approximately equal installments in accordance with the Company's ’s customary payroll practices. If the Company increases Executive's ’s Base Salary is increased by the CompanySalary, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of not less than $175,000 600,000 ("“Base Salary"”). Executive's ’s Base Salary shall be paid in approximately equal installments in accordance with the Company's ’s customary payroll practices. If Executive's ’s Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of $175,000 135,000 per year ("Base SalaryBASE SALARY"). Executive's Base Salary shall be paid in approximately equal installments in accordance with the Company's customary payroll schedule and practices. Executive's Base Salary shall be subject to annual reviews commencing December 1999 and each year thereafter. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement. All compensation paid to Executive shall be subject to withholding and other employment taxes imposed by applicable law.

Salary. During the Employment Period, the Company shall pay Executive an annual base salary of not less than $175,000 650,000 ("“Base Salary"”), which, for the purposes of this Section 5(a), shall be retroactively adjusted to January 1, 2011. Executive's ’s Base Salary shall be paid in approximately equal installments in accordance with the Company's ’s customary payroll practices. If the Company increases Executive's ’s Base Salary is increased by the CompanySalary, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.

Salary. During the Employment Period, the Company Executive shall pay Executive an annual receive a base salary at the rate of $175,000 500,000 dollars per annum (the "Base Salary"), payable in regular installments in accordance with Capital Trust's general payroll practices for salaried employees. Executive's During the Employment Period, the Base Salary shall be paid in approximately equal installments in accordance with increased as of each anniversary of the Company's customary payroll practices. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes date of this AgreementAgreement by a percentage amount not less than any percentage increase in the Consumer Price Index and may be further increased at the discretion of the Board.

Salary. During the Employment PeriodPeriod of Employment, the Company shall pay the Executive an annual annualized base salary of not less than one hundred seventy five thousand dollars ($175,000 175,000) per year (the "Base Salary"). The Executive's Base Salary shall be paid in approximately equal installments in accordance with the Company's customary executive payroll practicespolicy. If Executive's Base Salary is increased by the Company, such increased The Base Salary shall then constitute be increased annually at a rate of ten percent over the previous year’s base salary. Any increase in Base Salary for all purposes of shall not serve to limit or reduce any other obligation to the Executive under this Agreement.

Salary. During the Employment Period, the Company shall pay to Executive an annual a base salary at the rate of $175,000 388,800 per annum ("the “Base Salary"”). Executive's The Base Salary shall be paid in approximately equal installments in accordance with the Company's customary ’s standard payroll practices. If Executive's Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreementpractices in effect from time to time.

Salary. During the Employment PeriodTerm, the Company shall pay Executive an annual base salary of $175,000 not less than US$350,000 ("“Base Salary"”). Executive's ’s Base Salary shall be paid in approximately equal installments in accordance with the Company's ’s customary payroll practices. If Executive's ’s Base Salary is increased by the Companyincreased, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.