Base Salary; Withholding. The Company shall pay Executive a base salary of $240,000 per year during the 2006 calendar year, payable in arrears in accordance with the Company's standard payroll procedures as in effect from time to time. During the Term of this Agreement (as defined in Section 4) additional increases may be made as determined in the discretion of the Company's Board of Directors. The Board shall consider Executive's base salary no less frequently than annually and may increase, but not decrease, the base salary. The parties shall comply with all applicable withholding requirements in connection with all compensation payable to Executive hereunder.
Base Salary; Withholding. For all services rendered by the Executive to the Company during the Employment Period, the Company shall pay to the Executive a salary at the annual rate of One Hundred Eighty-Five Thousand Dollars ($185,000). The compensation is to be payable, subject to such withholdings as are required by law, in installment in accordance with Company's customary payroll practices.
Base Salary; Withholding. The Company shall pay Executive a base salary of $150,000 per year payable in accordance with the Company's standard payroll practices, with such base compensation subject to increase from time to time (but no less frequently than annually) in the good faith discretion of the Chief Executive Officer and the Board of Directors. The parties shall comply with all applicable withholding requirements in connection with all compensation payable to Executive hereunder. Annual Cash Bonus. The Company shall pay Executive an annual cash bonus on April 1, 1998, and annually thereafter, in such amounts as the Chief Executive Officer and the Board of Directors may decide after good faith and reasonable determination of Executive's efforts during the prior year and the results thereof.
Base Salary; Withholding. The Company shall pay Employee a base salary of $175,000 per year, subject to increase from time to time at the discretion of the Board of Directors or Executive Management, payable in arrears in equal semi-monthly installments or otherwise consistent with the Company's payment practices. The parties shall comply with all applicable withholding requirements in connection with all compensation payable to Employee hereunder.
Base Salary; Withholding. The Company shall pay Employee a base salary of $250,000 per year, subject to increase from time to time (but no less frequently than annually) in the good faith discretion of the Board of Directors of the Company, payable in arrears in equal semi-monthly installments. Such increases shall be based on a review of the prevailing compensation rates of comparable executives in comparable companies, as well as the performance of Employee and the Company. The parties shall comply with all applicable withholding requirements in connection with all compensation payable to Employee hereunder. Employee acknowledges that the Board of Directors may decrease his salary as part of a good faith general reduction of salaries of Company executives (an "Approved Salary Reduction").
Base Salary; Withholding. Commencing with the Effective Date, the Company shall pay Employee a base salary of $300,000 per year, subject to increase from time to time (but no less frequently than annually based on annual anniversaries of the Effective Date) in the good faith discretion of the Board of Directors of the Company, payable in arrears in equal semi-monthly installments; provided that Employee's annual Exhibit 10.49 base salary rate will be not less than $350,000 per year after the Breakeven Date. Such increases shall be based on a review of the prevailing compensation rates of comparable executives in comparable companies, as well as the performance of Employee and the Company. The parties shall comply with all applicable withholding requirements in connection with all compensation payable to Employee hereunder. Employee acknowledges that, notwithstanding the above, the Board of Directors may decrease her salary as part of a good faith general reduction of salaries of Company executives (an "Approved Salary Reduction").
Base Salary; Withholding. Commencing with the Effective Date, the Company shall pay Employee a base salary of $350,000 per year, subject to increase from time to time (but no less frequently than annually based on annual anniversaries of the Effective Date) in the good faith discretion of the Board of Directors of the Company, payable in arrears in equal semi-monthly installments; provided, however, that Employee's annual base salary will be increased in all events to such annual base salary as equals the highest annual base salary as is paid to any other employee of the Company; and provided further that Employee's annual base salary rate will be not less than $425,000 per year after the Breakeven Date. Such increases shall be based on a review of the prevailing compensation rates of comparable executives in comparable companies, as well as the performance of Employee and the Company. The parties shall comply with all applicable withholding requirements in connection with all compensation payable to Employee hereunder. Employee acknowledges that, notwithstanding the above, the Board of Directors may decrease his salary as part of a good faith general reduction of salaries of Company executives (an "Approved Salary Reduction").
Base Salary; Withholding. The Company shall pay Employee a base ------------------------ salary of $250,000.00 per year, subject to increase (but not decrease thereafter) from time to time in the good faith discretion of the Board of Directors of the Company, payable in arrears in equal monthly installments. The parties shall comply with all applicable withholding requirements in connection with all compensation payable to Employee hereunder.
