Weekly Base Salary. Until the termination of Employee’s employment hereunder, Employer shall pay Employee a base salary at a weekly rate of at least $2403.84 (“Weekly Base Salary”), payable in accordance with the regular payroll practices of the Employer for executives, less such deductions or amounts as are required to be deducted or withheld by applicable laws or regulations and less such other deductions or amounts, if any, as are authorized by Employee. The Weekly Base Salary may not be decreased at any time during the term of Employee’s employment hereunder. Any increase in Weekly Base Salary shall be in the sole discretion of Employer.
Weekly Base Salary. Effective July 1, 2005 and until the termination of Employee’s employment hereunder, Employer shall pay Employee a base salary at a bi-weekly rate of at least $5,769.69 (“Bi-weekly Base Salary”), payable in accordance with the regular payroll practices of the Employer for executives, less such deductions or amounts as are required to be deducted or withheld by applicable laws or regulations and less such other deductions or amounts, if any, as are authorized by Employee, and less Nine Hundred and Sixty Two Dollars ($962.00), which shall be deposited by Employer in an investment account held in the name of GlobalSCAPE Texas, LP (the “Deferred Pay Account”). The Bi-weekly Base Salary may not be decreased at any time during the term of Employee’s employment hereunder, and shall be increased on each anniversary of July 1 by Nine Hundred Sixty Two Dollars ($962.00); provided, however, that this increase in Bi-weekly Base Salary shall not be remitted to Employee but shall be deposited by Employer in the Deferred Pay Account. Amounts deposited in the Deferred Pay Account shall be retained in the Deferred Pay Account until such time as Employee has completed the term of this Agreement, or as provided in Section 7 below.
Weekly Base Salary. Until the termination of Employee’s employment hereunder (but subject to any severance or other payment to which Employee may be entitled pursuant to this Agreement or otherwise following termination of his employment), Employer shall pay Employee a base salary at a weekly rate of at least $2,788.46 (“Weekly Base Salary”), payable in accordance with the regular payroll practices of Employer for executives, less such deductions or amounts as are required to be deducted or withheld by applicable laws or regulations and less such other deductions or amounts, if any, as are authorized in writing by Employee. The Weekly Base Salary may not be decreased at any time during the term of Employee’s employment hereunder. Employee’s Weekly Base Salary shall be subject to periodic reviews in accordance with the regular salary review practices of Employer for officers and executives (but not less than at the end of each year of the Term) in light of Employee’s performance of his duties and achievement of goals, but Employee agrees that any increase in Weekly Base Salary shall be in the sole discretion of Employer.
