Common use of Base Salary Clause in Contracts

Base Salary. The Executive shall receive a base salary at the annual rate of $250,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time.

Base Salary. The During the Term, the Executive shall be entitled to receive a base salary at the annual rate of $250,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule750,000, subject to applicable withholding and other taxes. The Base Salary shall be reviewedincrease, at least annuallyor decrease, for merit increases and may, only if salary decreases are concurrently implemented across the senior executives of Amneal as determined by action and in the sole discretion Board or the Compensation Committee of the Board, be increased at any time or Board from time to timetime in its discretion, payable in accordance with the payroll practices of Amneal (the “Base Salary”).

Base Salary. The Executive shall receive a base salary at the annual rate of One Hundred Eighty Thousand ($250,000.00 180,000) Dollars (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time.

Base Salary. 4.1 The Executive shall receive a be entitled to an annual base salary at as determined by the annual rate Board and taking into consideration the duties of $250,000.00 the Executive (the "“Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule”), subject to applicable withholding and other taxes. The Base Salary shall be reviewed, increase based on periodic reviews at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time . Payment of the Base Salary to timethe Executive shall commence once the Company has achieved monthly revenues in excess of $50,000 per month for two consecutive months.

Base Salary. The During the Term of this Agreement, Executive shall receive a base salary at the annual a gross rate of Seventy-Five Thousand Dollars ($250,000.00 75,000) per annum (the "“Base Salary") during the Term of Employment”), with such Base Salary payable in substantially equal installments consistent in accordance with the Company's ’s normal payroll schedulepractices for payment of its employees, subject as in effect from time to applicable withholding and other taxestime. The Executive’s Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or subject to upward adjustment from time to time, as determined by the Board (or a committee thereof) in its sole discretion, but shall not be adjusted downward.

Base Salary. The Executive shall receive a an initial base salary at the annual rate of $250,000.00 180,000 per annum (the "Base Salary") during the Term of Employment, with such ). Such Base Salary shall be payable in installments consistent with the Company's ’s normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary and Executive’s other forms of compensation shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased (but may not be decreased) at any time or from time to time. In no event shall the Base Salary be deemed a Draw.

Base Salary. The Executive shall receive a base salary (the “Base Salary”) paid by the Company at the annual rate of $250,000.00 285,000 (the "Base Salary") during the Term of EmploymentTwo Hundred Eighty-Five Thousand Dollars), with such Base Salary payable in installments consistent accordance with the Company's normal payroll schedule’s general payment practices, subject to applicable withholding and other taxes. The Base Salary shall be reviewedbut no less frequently than monthly, at least annuallyin substantially equal installments, with the opportunity for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to timetime thereafter in accordance with the Company’s regular executive compensation practices.

Base Salary. The Executive shall receive a base salary at the annual rate of $250,000.00 825,000 per year. Such base salary shall be subject to periodic increase (but no decrease) from time to time as determined by the "Beacon Board in its sole discretion (as may increase from time to time, “Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes”). The Base Salary shall be reviewed, payable in such manner and at least annually, for merit increases and may, by action and in such times as the sole discretion of the Board, be increased at any time or from time Company shall pay base salary to timeother similarly situated executive employees.

Base Salary. The Executive shall receive a base salary at the annual rate of $250,000.00 150,000.00 (the "“Base Salary"”) during the Term of Employment, with such Base Salary payable in installments consistent with the Company's ’s normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time.

Base Salary. The During the Term, Executive shall receive a base salary at of no less than $1,000,000 per year, payable in accordance with the annual rate usual payroll practices of $250,000.00 the Company (the "“Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time”).

Base Salary. The Executive shall receive a base salary Base Salary at the annual rate of $250,000.00 (the "Base Salary") 250,000 during the Term of Employment, with such Base Salary payable in installments consistent with the Company's ’s normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Compensation Committee of the Board, be increased at any time or from time to time, but may not be decreased from the then current Base Salary.

Base Salary. The During the Term, for all services rendered under this Agreement, Executive shall receive a an aggregate annual base salary (“Base Salary”) at the annual an initial rate of $250,000.00 (the "Base Salary") during the Term of Employment1,000,000, with such Base Salary payable in installments consistent accordance with the Company's normal ’s applicable payroll schedule, subject practices. Base Salary may be increased (but not decreased) on an annual basis as determined by the Board in its sole discretion. References in this Agreement to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in deemed to refer to the sole discretion of the Board, be increased at any time or from time to timemost recently effective annual base salary rate.

Base Salary. The Executive shall will receive a from the Employer an annual aggregate base salary at the annual rate of Five Hundred Thousand Dollars ($250,000.00 500,000) (the "“Base Salary") during ”), payable in accordance with the Term standard practice of Employment, with such the Employer in the payment of salaries of its employees but no less frequently than monthly. The Board will review the Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action in its sole and in absolute discretion, increase the sole discretion of the Board, Base Salary. The Executive’s Base Salary may not be increased at any time or from time to timereduced.

Base Salary. The Executive shall receive a an initial base salary at the annual rate of One Hundred Seventy Thousand Dollars ($250,000.00 170,000.00) (the "Base Salary") during the Term of Employment), with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall also be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time.

Base Salary. The Executive shall receive a base salary Base Salary at the annual annualized rate of $250,000.00 (the "Base Salary") 400,000 during the Term of Employment, with such Base Salary payable in installments consistent with the Company's ’s normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time, but may not be decreased from the then current Base Salary.

Base Salary. The Executive shall receive a base salary at the annual rate of $250,000.00 150,000 (the "Base Salary") during the Term of Employment, with such ). The Base Salary shall be payable in substantially equal installments consistent with the Company's normal payroll schedule, subject to any applicable withholding and other taxes. The Executive's Base Salary shall may be reviewed, at least annually, for merit increases and may, by action and increased in the sole discretion of Board's discretion, subject to reasonable performance objectives as established by the Board, be increased at any time or from time to time.

Base Salary. The During the Term, the Executive shall will receive a base salary at the annual rate of $250,000.00 155,000 per annum, payable in substantially equal installments in accordance with the Bank’s regular payroll practices (the "“Base Salary") during the Term of Employment, with such ”). The Executive’s Base Salary payable in installments consistent with will be reviewed by the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least Board annually, for merit increases and maythe Executive will be entitled to receive annually an increase in such amount, if any, as may be determined by action and in the sole discretion of the Board, be increased at any time or from time to time.

Base Salary. The Executive shall receive a base salary payable to the Executive during the Term shall be at the annual rate of $250,000.00 150,000 per year, payable on a regular basis in accordance with the Company's standard payroll procedures, but not less frequently than on a monthly basis (the "Base Salary") during ). On at least an annual basis, the Term of Employment, with such Board shall review the Executive's performance and may make increases to the Base Salary payable if, in installments consistent with its discretion, any such increase is warranted. Such recommended increase shall require approval by the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time Board or from time to timea duly constituted committee thereof.

Base Salary. The During the Term, the Executive shall be entitled to receive a base salary at the annual rate of $250,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule850,000, subject to applicable withholding and other taxes. The Base Salary shall be reviewedincrease, at least annuallyor decrease, for merit increases and may, by action and in only if salary decreases are concurrently implemented across the sole discretion senior executives of the BoardCompany, be increased at any time as determined by the Board or its Compensation Committee from time to timetime in its discretion, payable in accordance with the payroll practices of the Company (the “Base Salary”).

Base Salary. The During the Term, Executive shall receive a an aggregate annual base salary (“Base Salary”) at the annual an initial rate of $250,000.00 (the "Base Salary") during the Term of Employment750,000, with such Base Salary payable in installments consistent accordance with the Company's normal ’s applicable payroll schedule, subject to applicable withholding and other taxespractices. The Base Salary shall be reviewed, at least annually, for merit increases reviewed annually by the Board and may, by action and increased (but not decreased) in the Board’s sole discretion of discretion. References in this Agreement to Base Salary shall be deemed to refer to the Board, be increased at any time or from time to timemost recently effective annual base salary rate.

Base Salary. The Executive shall receive a base salary at the annual rate of $250,000.00 350,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time.

Base Salary. The Executive shall receive a Executive’s annual base salary at the annual rate of $250,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, $1,500,000 (as may be increased at any time or from time to time, the “Base Salary”). The Board will review the Base Salary at least annually and may increase it at any time for any reason, in its sole discretion; however, it shall have no obligation to do so.

Base Salary. The Executive shall receive a base salary at the annual rate Base Salary of $250,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary 1,100,000 per annum payable in installments consistent accordance with the Company's normal customary payroll schedule, subject to applicable withholding and other taxespractices for the payment of executive salaries. The Executive's Base Salary shall be reviewedreviewed and may be increased, at least annuallybut not decreased, annually by the Compensation Committee pursuant to its normal performance review policies for merit increases and maysenior executives, by action and with the first such review occurring in the sole discretion of the Board, be increased at any time or from time to time2003.

Base Salary. The Executive shall will receive a base salary at the annual rate of $250,000.00 110,000 annually (the "“Base Salary") during the Term of Employment”), with such Base Salary payable in installments consistent accordance with the Company's ’s normal payroll schedule, practices and subject to applicable withholding taxes and other taxeswithholding. The Executive’s Base Salary shall may from time to time be reviewedincreased, at least annually, for merit increases and maybut not decreased, by action and in the sole discretion of the Board, be increased . The Executive may at any time or from time elect to timetake a portion of the amounts owed as Base Salary as common stock, par value $0.00001 per share, of the Company (the “Common Stock”).

Base Salary. The Executive shall receive a base salary at the annual rate of $250,000.00 300,000 (the "Base Salary") during the Term term of Employmentthis Agreement, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole reasonable discretion of the Board, be increased at any time or from time to time, based upon a competitive market analysis of comparable companies, as well as published survey data, with respect to compensation paid to individuals similarly situated to the Executive.

Base Salary. The Executive shall will receive a from the Employer an annual base salary at the annual rate of Six Hundred Thousand dollars ($250,000.00 600,000) (the "“Base Salary") during ”), payable in accordance with the Term standard practice of Employment, with such the Employer in the payment of salaries of its employees but no less frequently than monthly. The Board will review the Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time, and may, in its sole and absolute discretion, increase the Base Salary. The Executive’s Base Salary may not be reduced.

Base Salary. The Executive shall receive a base salary at equal to Two Hundred Twenty Thousand Dollars ($220,000) per annum, which base salary shall be paid in arrears in equal biweekly installments. The base salary shall be reviewed on an annual basis by the annual rate of $250,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, Company and shall be subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or increase from time to timetime by the Company, in its sole discretion.

Base Salary. The Executive shall receive a base salary Base Salary at the annual rate of $250,000.00 (the "Base Salary") 275,000 during the Term of Employment, with such Base Salary payable in installments consistent with the Company's ’s normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Compensation Committee of the Board, be increased at any time or from time to time, but may not be decreased from the then current Base Salary.

Base Salary. The During the Employment Period, the Executive shall be entitled to receive a base an annual salary at the annual rate of equal to One Million Dollars ($250,000.00 1,000,000) (the "“Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes”). The Base Salary shall be reviewed, paid not less frequently than monthly and otherwise in accordance with the Company’s regular payroll practice. The Board shall review Base Salary at least annually, for merit increases annually and may, by action may increase Base Salary in its sole discretion. The increased Base Salary shall thereafter be considered the Base Salary and in the sole discretion of the Board, may not be increased at any time or from time to timedecreased once increased.

Base Salary. The Executive shall receive a be paid an annual base salary at the annual rate of One Hundred Eighty Thousand dollars ($250,000.00 (the "Base Salary"180,000.00) during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxesOriginal Term. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and Corporation's Chief Executive Officer may increase the Executive's annual base salary effective as of any anniversary date of this Agreement in such amounts as the Chief Executive Officer deems appropriate in his sole discretion of the Board, be increased at any time or from time to time.discretion. (B)

Base Salary. The Executive shall receive a base salary at commencing on the annual rate Effective Date and during his employment hereunder of $250,000.00 185,000 per annum (the "Base Salary") during ), which amount may be increase annually at the Term discretion of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxesCompensation Committee of the Board (the "Committee"). The Base Salary shall be reviewed, at least annually, for merit increases and may, paid to Executive by action and the Company in accordance with the sole discretion of the Board, be increased at any time or Company's regular payroll practice as in effect from time to time.

Base Salary. The Executive shall will receive a from the Employer an annual base salary at the annual rate of four hundred and fifty thousand Dollars ($250,000.00 450,000) (the "“Base Salary") during ”), payable in accordance with the Term standard practice of Employment, with such the Employer in the payment of salaries of its employees but no less frequently than monthly. The Board will review the Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time, and may, in its sole and absolute discretion, increase the Base Salary. The Executive’s Base Salary may not be reduced.

Base Salary. The Executive shall receive a base salary at the ----------- annual rate of $250,000.00 175,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule), subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or adjustment from time to timetime by the Employer. The compensation provided for in this Section shall be in addition to any bonuses or other additional compensation specified in this Agreement or provided at the option of the Employer.

Base Salary. The Executive shall receive a base salary from the Company at the annual rate of Four Hundred and Seventy-Five Thousand Dollars ($250,000.00 475,000) per year (the "“Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes”). The Executive’s Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or reviewed from time to timetime in accordance with the Company’s established procedures for adjusting salaries for similarly situated employees and may be adjusted in the Company’s discretion.

Base Salary. The Executive shall receive a base salary commencing on the Effective Date and during his employment hereunder of $235,000 per annum (the “Base Salary”), which amount may be increase annually at the annual rate discretion of $250,000.00 the Compensation Committee of the Board (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes“Committee”). The Base Salary shall be reviewed, at least annually, for merit increases and may, paid to Executive by action and the Company in accordance with the sole discretion of the Board, be increased at any time or Company’s regular payroll practice as in effect from time to time.

Base Salary. The Executive shall receive a base salary at the annual rate of $250,000.00 475,000 (as increased from time to time, the "“Base Salary"”) during the Term of Employmentthis Agreement, with such Base Salary payable in installments consistent with the Company's ’s normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall also be reviewed, at least annually, for merit increases (if any) and may, by action and in the sole discretion of the Board, be increased at any time or from time to timeincreased. Once increased, the Base Salary may not be decreased.

Base Salary. The Executive shall receive a base salary at of Five Hundred Fifty Thousand Dollars ($550,000) per annum for the annual rate duration of $250,000.00 the Term (the "Base Salary") during the Term of Employment), with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The which Base Salary shall be reviewed, at least annually, for merit increases paid in equal semi-monthly installments in arrears. The Compensation Committee may review from time to time the Base Salary payable to Executive hereunder and may, by action in its sole discretion, increase Executive's Base Salary. Any such increased Base Salary shall be and in become the sole discretion "Base Salary" for purposes of the Board, be increased at any time or from time to timethis Agreement.

Base Salary. The Effective as of the Effective Date, the Executive shall receive a base salary at the annual annualized rate of $250,000.00 450,000 (the "“Base Salary") during the Term of Employment”), with such Base Salary payable paid in equal bi-monthly installments consistent in accordance with the Company's normal ’s regularly established payroll schedule, subject to applicable withholding and other taxesprocedure. The Such Base Salary shall be reviewed, at least annually, for merit increases reviewed by the Company’s compensation committee and may, by action and the Board in the sole discretion first quarter of each fiscal year; any adjustment to the Executive’s Base Salary shall be retroactively effective as of the Board, be increased at any time or from time to timefirst day of such fiscal year.

Base Salary. The Executive shall receive a base salary at the annual rate of Two Hundred Fifty Thousand Dollars ($250,000.00 250,000) (the "Base Salary") during the Term of Employmentthis Agreement, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time."

Base Salary. The Executive shall receive a base salary at the annual annualized rate of $250,000.00 530,000 (the "“Base Salary") during the Term of Employment”), with such Base Salary payable paid in equal bi-monthly installments consistent in accordance with the Company's normal ’s regularly established payroll schedule, subject to applicable withholding and other taxesprocedure. The Such Base Salary shall be reviewed, at least annually, for merit increases and may, reviewed by action and the compensation committee of the Board and/or the full Board in the sole discretion first quarter of each fiscal year; any adjustment to the Executive’s Base Salary shall be retroactively effective as of the Board, be increased at any time or from time to timefirst day of such fiscal year.

Base Salary. The Executive shall be entitled to receive a base salary from the Company at the annual rate of One Million One Hundred Thousand Dollars ($250,000.00 1,100,000.00) per year. The Executive’s base salary shall be reviewed annually on or about the same time that the compensation arrangements (including the Annual Bonus for the immediately prior year) for the Company’s management team are determined by the Compensation Committee of the Board (the "Base Salary") during “Committee”), which shall consider appropriate factors, including, without limitation, the Term of Employment, with such Base Salary payable in installments consistent with Executive’s performance and the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time’s financial condition.

Base Salary. The Executive shall receive a base salary at the an annual rate of $250,000.00 500,000 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes). The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and payable in the sole discretion of the Board, be increased at any time or accordance with normal payroll practices in effect from time to time, but not less than monthly. The Base Salary shall be reviewed periodically by the Company for increase (but not decrease), and the term "Base Salary" shall include any such increase.

Base Salary. The Executive shall receive a base salary at the annual rate (prorated for any applicable period of less than one year) of $250,000.00 175,000 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased (but not decreased) at any time or from time to time.

Base Salary. The Executive shall receive a base salary Base Salary at the an annual rate of two hundred sixty thousand and one dollar ($250,000.00 (the "Base Salary") during the Term of Employment260,001.00), with such Base Salary payable semi-monthly in equal installments consistent in accordance with the Company's ’s normal payroll schedule, subject to applicable withholding and other taxespractices. The Chief Executive Officer shall provide Executive with annual performance reviews, and, thereafter, Executive shall be entitled to such increase in Base Salary shall be reviewed, at least annually, for merit increases as the Chief Executive Officer and may, by action and in the sole discretion Board of the Board, be increased at any time or Directors may from time to timetime establish in their sole discretion.

Base Salary. The Executive shall receive a base salary at the annual rate of $250,000.00 190,000.00 (the "“Base Salary"”) during the Term of Employment, with such Base Salary payable in installments install-ments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time.

Base Salary. The Executive shall receive a base salary at the annual rate of $250,000.00 1,000,000 per year. Such base salary shall be subject to periodic increase (but no decrease) from time to time as determined by the "Beacon Board in its sole discretion (as may be increased from time to time, “Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes”). The Base Salary shall be reviewed, payable in such manner and at least annually, for merit increases and may, by action and in such times as the sole discretion of the Board, be increased at any time or from time Company shall pay base salary to timeother similarly situated executive employees.”

Base Salary. The During the Term of Employment, Executive shall receive a base salary at the annual rate of One Hundred Twenty Thousand Dollars ($250,000.00 120,000) per year (the "“Base Salary") during ”), or such increased salary as may from time to time be approved by the Term of Employment, with such Board. Executive’s Base Salary payable shall be paid in installments consistent accordance with the Company's normal Companies’ regular payroll schedule, subject to applicable withholding and other taxespractices. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in divided between the sole discretion of Companies as the Board, be increased at any time or from time to timeBoard may determine.

Base Salary. The Executive shall receive a base salary Base Salary at the annual rate of $250,000.00 (the "Base Salary") 90,000 during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion increased upon completion of the Board, be increased at any time or from time to time.certain milestones:

Base Salary. The Executive shall receive a base salary Base Salary at the annual rate of Two Hundred One Thousand Dollars ($250,000.00 (the "Base Salary"201,000) during the Term of Employment, with such Base Salary per annum which shall be payable in semi-monthly installments consistent in conformity with the Company's normal payroll schedule, subject policy relating to applicable withholding and other taxesits employees generally as in effect from time to time. The Executive's Base Salary shall be reviewed, at least annually, for merit increases reviewed periodically by the Board and may, may be increased by action and in the sole discretion of the BoardBoard upon such review, but Executive's salary shall not be increased at any time or from time to timedecreased except as provided in Sections 4 and 5.

Base Salary. The Effective as of the Effective Date, the Executive shall receive a base salary at the annual annualized rate of $250,000.00 500,000 (the "“Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes”). The Executive’s Base Salary shall be reviewedpaid in equal installments in accordance with the Company’s regularly established payroll procedures. The Executive’s Base Salary will be reviewed on an annual or more frequent basis by the Board and, at least annuallyexcept as set forth in Section 7(c)(i), for merit increases and may, by action and is subject to increase (but not decrease) in the sole discretion of the Board, be increased at any time or from time to time.

Base Salary. The Executive shall receive a base salary at the annual rate of $250,000.00 consistent with existing salary (the "Base SalaryBASE SALARY") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time.

Base Salary. The Executive shall receive a an annual base salary at the annual rate (“Base Salary”) of $250,000.00 (290,000 commencing as of the "Base Salary") during Effective Date. The Board, in its discretion, may review the Term of Employment, with such Base Salary payable periodically and adjust the Base Salary in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxesits sole discretion based on relevant circumstances. The Base Salary shall be reviewed, at least annually, for merit increases and may, payable by action and the Company to Executive in equal installments on the sole discretion dates payments of salary are regularly made by the Board, be increased at any time or from time Company to timeits executive employees subject to all required tax withholdings.

Base Salary. 5.1. The Executive shall receive a base salary at the annual rate of $250,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary which amounts to EUR 620,823.64 gross per year, payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes12 equal installments. The Base Salary shall may be reviewed, but not necessarily increased, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or Company from time to time.

Base Salary. The Executive shall receive a be paid an annual base salary at the annual rate of $250,000.00 (the "a “Base Salary"”) during the Term of Employmentone hundred and seventy five thousand per annum ($175,000), with such Base Salary payable in installments consistent accordance with the Company's Employer’s normal payroll schedule, practices and subject to applicable withholding an annual review and possible upward adjustment pursuant to such annual review by the Board based on Executive’s performance hereunder. All payments hereunder shall be subject to the deduction of payroll taxes and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases withholdings and may, assessments as required by action and in the sole discretion of the Board, be increased at any time or from time to timelaw.

Base Salary. The Executive shall receive a base salary at the annual annualized rate of $250,000.00 350,000 (the "“Base Salary") during the Term of Employment”), with such Base Salary payable paid in equal bi-monthly installments consistent in accordance with the Company's normal ’s regularly established payroll schedule, subject to applicable withholding and other taxesprocedure. The Such Base Salary shall be reviewed, at least annually, for merit increases reviewed by the Company’s compensation committee and may, by action and the Board in the sole discretion first quarter of each fiscal year; any adjustment to the Executive’s Base Salary shall be retroactively effective as of the Board, be increased at any time or from time to timefirst day of such fiscal year.

Base Salary. The Executive shall receive a base salary at the annual rate of $250,000.00 300,000.00 (the "“Base Salary"”) during the Term of Employment, with such Base Salary payable in installments install-ments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time.

Base Salary. The Executive shall receive a base salary (“Base Salary”) at the annual initial rate of Two Hundred Twenty-Five Thousand Dollars ($250,000.00 (the "Base Salary"225,000) during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxesper year. The Executive’s Base Salary shall be reviewed, at least annually, for merit subject to discretionary increases and may, (but not decreases) based on an annual review by action and the Company’s Board of Directors or its Compensation Committee. Executive’s Base Salary shall be paid in accordance with the sole discretion standard payroll practices of the Board, be increased at any time or Company in effect from time to time.

Base Salary. The Executive shall receive a base salary Base Salary at the annual rate of $250,000.00 500,000.00 (the "Base Salary"Five Hundred Thousand and 00/100 Dollars) during the Term of Employment, with such Base Salary payable in installments consistent with the Company's ’s normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time.

Base Salary. The Executive shall receive a base salary at the annual rate of $250,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary $800,000 per annum payable in installments consistent accordance with the Company's normal customary payroll schedule, subject to applicable withholding and other taxespractices for the payment of executive salaries. The Executive's Base Salary shall be reviewedreviewed and may be increased, at least annuallybut not decreased, annually by the Compensation Committee pursuant to its normal performance review policies for merit increases and maysenior executives, by action and with the first such review occurring in the sole discretion of the Board, be increased at any time or from time to time2003.

Base Salary. The Executive shall receive be paid a base salary at the an annual rate of $250,000.00 (the "Base Salary") during the Term of Employment1,666,667, with which salary shall be earned and payable at such Base Salary payable intervals in installments consistent conformity with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary ’s prevailing practice as such practice shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time established or modified from time to time. The compensation committee of the Board or a subcommittee thereof (the “Committee”) shall periodically review the amount of the Executive’s salary and may increase, but not decrease, such salary in its discretion.

Base Salary. The Executive shall receive a base salary at the annual rate of One Hundred Forty-two Thousand Five Hundred Dollars ($250,000.00 142,500) (the "Base Salary") during the Term term of Employmentthis Agreement, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary also shall be reviewed, at least annually, for merit and cost of living adjustment increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time.

Base Salary. The Executive shall receive a base salary commencing on the Effective Date and during his employment hereunder of $300,000 per annum (the “Base Salary”), which amount may be increased (but not decreased) annually at the annual rate discretion of $250,000.00 the Compensation Committee of the Board (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes“Committee”). The Base Salary shall be reviewed, at least annually, for merit increases and may, paid to Executive by action and the Company in accordance with the sole discretion of the Board, be increased at any time or Company’s regular payroll practice as in effect from time to time.

Base Salary. The During the Term of Employment, the Executive shall receive a base salary at the annual rate of no less than $250,000.00 175,000.00 per annum (the "“Base Salary"”) during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxesequal semi-monthly installments. The Such Base Salary shall be reviewed, at least annually, reviewed annually for merit increases and may, by action and increase in the sole discretion of the Board, Board or the Compensation Committee thereof. Any such salary increase shall then be increased at any time or from time to timethe “Base Salary” for purposes of this Agreement.

Base Salary. The Executive shall receive a base salary at the annual rate of $250,000.00 (the "Base Salary"" at the rate of Eighty Thousand Dollars ($80,000) during the Term of Employmentper annum, with such Base Salary payable in periodic installments consistent in accordance with the Company's normal regular payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion practices of the Board, be increased at any time or from time to timeEmployer.

Base Salary. The During the Term, Executive shall receive a an aggregate annual base salary (“Base Salary”) at the annual an initial rate of $250,000.00 (the "Base Salary") during the Term of Employment551,250.00, with such Base Salary payable in installments consistent accordance with the Company's normal ’s applicable payroll schedule, subject to applicable withholding and other taxespractices. The Base Salary shall be reviewed, at least annually, for merit increases reviewed annually by the Board and may, by action and increased (but not decreased) in the Board’s sole discretion of discretion. References in this Agreement to Base Salary shall be deemed to refer to the Board, be increased at any time or from time to timemost recently effective annual base salary rate.

Base Salary. The Executive shall receive a base salary at the annual rate (prorated for any applicable period of less than one year) of $250,000.00 100,000 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased (but not decreased) at any time or from time to time.

Base Salary. The Executive shall receive a an initial base salary at the annual rate of One Hundred Twenty Thousand Dollars ($250,000.00 120,000) (the "Base Salary") during the Term of Employment), with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time.

Base Salary. The Executive shall receive a base salary at the annual rate of $250,000.00 150,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time.

Base Salary. The Executive shall will receive a base salary at the annual rate of $250,000.00 601,000 annually (the "“Base Salary") during the Term of Employment”), with such Base Salary payable in installments consistent equal increments in accordance with the Company's ’s normal payroll schedulepractice. In addition, subject to applicable withholding and other taxes. The the Executive’s Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or may from time to timetime be increased, but not decreased, by the Board.

Base Salary. The Executive shall receive a Executive’s base salary at the annual rate of $250,000.00 (the "“Base Salary"”) during the Term shall be at the rate of Employmentone million dollars ($1,000,000) per annum, with such Base Salary payable in installments consistent accordance with the Company's normal payroll schedule, subject to applicable withholding practices and other taxesno less frequently than on a monthly basis. The amount of Executive’s Base Salary shall be reviewed, at least annually, for merit increases reviewed annually and may, by action and in at the sole discretion of the Board, be adjusted (but never below the then Base Salary). Any such increased at any time or from time to timeamount shall constitute Base Salary hereunder.

Base Salary. The During the Employment Term, the Executive shall be entitled to receive a base salary (“Base Salary”) at the annual rate of at least One Million One Hundred Thousand Dollars ($250,000.00 (1,100,000.00) for services rendered to the "Base Salary") during the Term Company or any of Employmentits direct or indirect subsidiaries, with such Base Salary payable in installments consistent accordance with the Company's normal ’s regular payroll schedule, subject to applicable withholding and other taxespractices (but no less frequently than monthly). The Executive’s Base Salary shall will be reviewed, at least annually, for merit increases reviewed annually by the Compensation Committee of the Board and may, by action and may be adjusted in the sole discretion of the Board, be increased at any time or from time to timeCompensation Committee’s discretion.

Base Salary. The Executive shall receive a base salary Base Salary at the annual rate of Three Hundred Twenty-five Thousand Dollars ($250,000.00 (the "Base Salary"325,000) during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time, but may not be decreased from the then current Base Salary.

Base Salary. The Executive shall receive a an annual base salary at the annual rate of $250,000.00 One Hundred Fifty Thousand US Dollars (the "Base Salary") during the Term of EmploymentUS$150,000.00), with such Base Salary payable in installments consistent accordance with the Company's normal ’s then-existing payroll schedule, policies (the “Base Salary”) and subject to all applicable withholding and other taxesrequirements. The Base Salary shall be reviewed, at least annually, reviewed by the Board and its Compensation Committee annually for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to timeadequacy.

Base Salary. The Executive Executive's base salary hereunder shall receive a be $605,000 per year, payable semi-monthly. Commencing on January 1, 2005, the Board shall review such base salary at least annually and make such adjustments from time to time as it may deem advisable, but the annual rate of $250,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary base salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased not at any time or be reduced from the base salary in effect from time to time.

Base Salary. The Employer will pay Executive shall receive a base salary at in the annual rate amount of $250,000.00 1,000,000 per year (the "Base Salary") during the Term of Employment), with annual review for increase by the Board or a duly authorized committee thereof, it being understood that any such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary increase shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the BoardBoard or a duly authorized committee thereof, which amount will be increased at any time or from time to timepaid in semi-monthly intervals, less appropriate withholdings for federal and state taxes and other deductions authorized by Executive.

Base Salary. The Executive shall receive a base salary Base Salary at the annual rate of $250,000.00 (the "Base Salary") 425,000 during the Term of Employment, with such Base Salary payable in installments consistent with the Company's ’s normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time, but may not be decreased from the then current Base Salary.

Base Salary. The Executive shall receive a an annual base salary at of Four Hundred Ten Thousand Dollars ($410,000), effective as of the annual rate commencement of $250,000.00 employment (the "Base “Salary") ”), plus any salary increases authorized during the Term of EmploymentAgreement Term, with such Base Salary if any, payable in installments consistent accordance with the Company's normal ’s payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to timecycle.

Base Salary. The Executive shall receive initially be paid a base salary at the annual rate of $250,000.00 (the "Base Salary") during the Term of EmploymentOne Hundred Twenty Thousand Dollars ($120,000) per year, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary which shall be reviewed, at least annually, for merit increases periodically reviewed and may, increased by action and in the sole discretion of the Board, in its sole discretion, during the Employment Term. All compensation shall be increased at any time or from time to timemade in accordance with the standard payroll practices of the Company.

Base Salary. The Executive shall receive a base salary at the annual rate of equal to one hundred and five thousand dollars ($250,000.00 105,000) per annum (the "Base Salary") during the Term of Employment), with such which Base Salary payable shall be paid in installments consistent accordance with the Company's normal generally applicable payroll schedule, subject to applicable withholding practices and procedures (or in such other taxesmanner as the Executive and the Company may otherwise agree). The Base Salary shall be reviewedreviewed for adjustment by the Board annually (commencing on or about January 1, at least annually2002, for merit increases and may, by action and in on or about each January 1 thereafter during the sole discretion of the Board, be increased at any time or from time to timeEmployment Period).

Base Salary. The Executive shall receive a base salary at the annual rate of $250,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary 190,000. The base salary shall be payable in substantially equal installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary salary may be increased during the Employment Term but may not be decreased and the Board shall be reviewedconsider, at least annuallyon an annual basis, for merit increases the nature, extent and mayadvisability, by action and if any, of an increase in the sole discretion of the Board, be increased at any time or from time to timeExecutive's base salary.

Base Salary. The During the Term of this Agreement, Executive shall receive a base salary at the annual a gross rate of One Hundred Sixty Thousand Dollars ($250,000.00 160,000) per annum (the "“Base Salary") during the Term of Employment”), with such Base Salary payable in substantially equal installments consistent in accordance with the Company's ’s normal payroll schedulepractices for payment of its employees, subject as in effect from time to applicable withholding and other taxestime. The Executive’s Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or subject to upward adjustment from time to time, as determined by the Board (or a committee thereof) in its sole discretion, but shall not be adjusted downward.

Base Salary. The During the Term, the Executive shall receive a base salary at the annual an annualized rate of $250,000.00 1,400,000 (such annualized amount, the "“Base Salary") during the Term of Employment”), with such Base Salary payable in installments consistent accordance with the Company's normal ’s regular payroll schedulepractice for its senior executives, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and as in the sole discretion of the Board, be increased at any time or effect from time to time.

Base Salary. The During the Term, the Executive shall receive a base salary (as may be increased from time to time, “Base Salary”), paid in accordance with the normal payroll practices of Employer, at the an annual rate of $250,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes1,000,000. The Base Salary shall be reviewedreviewed from time to time in accordance with Employer’s policies and practices, at least annuallybut no less frequently than once annually and may be increased, for merit increases and maybut not decreased from its then current level, by action and in the sole discretion of the Board, be increased at any time or and from time to timetime by action of the Compensation Committee and Board.

Base Salary. The Executive shall receive a base salary Base Salary at the an annual rate of one hundred seventy-five thousand dollars ($250,000.00 (the "Base Salary") during the Term of Employment175,000), with such Base Salary payable in installments consistent accordance with the Company's normal customary payroll schedule, subject to applicable withholding and other taxespractices. The Company's Board of Directors shall provide Executive with annual performance reviews, and, thereafter, Executive shall be entitled to such Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in as the sole discretion Board of the Board, be increased at any time or Directors may from time to timetime establish in its sole discretion.

Base Salary. The During the Term, the Executive shall receive a base salary at the annual a rate of two-hundred seventy-five thousand dollars ($250,000.00 (275,000.00) per annum, which base salary shall be payable in accordance with the "Base Salary") during payroll practices of the Term of EmploymentCompany, with such Base Salary payable increases as may be determined by the Board from time to time in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the its sole discretion of the Board, be (as increased at any time or from time to time, the “Base Salary”).

Base Salary. The Executive shall receive a base salary at the annual rate of equal to one hundred and fifteen thousand dollars ($250,000.00 115,000) per annum (the "Base Salary") during the Term of Employment), with such which Base Salary payable shall be paid in installments consistent accordance with the Company's normal generally applicable payroll schedule, subject to applicable withholding practices and procedures (or in such other taxesmanner as the Executive and the Company may otherwise agree). The Base Salary shall be reviewedreviewed for adjustment by the Board annually (commencing on or about January 1, at least annually2002, for merit increases and may, by action and in on or about each January 1 thereafter during the sole discretion of the Board, be increased at any time or from time to timeEmployment Period).

Base Salary. The Executive shall receive a base salary at the annual rate of $250,000.00 (the "Base Salary") during During the Term of Employment, with such Executive will be entitled to receive an annualized base salary (the “Base Salary”) of not less than $750,000. Beginning in 2017, the Compensation Committee of the Board of Directors (the “Compensation Committee”) will review Executive’s Base Salary payable in installments consistent with the Company's normal payroll schedule, subject annually to applicable withholding and other taxesdetermine whether increases are appropriate. The Any such increased amount will thereafter be Executive’s “Base Salary shall be reviewed, at least annually, Salary” for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to timepurposes under this Agreement.

Base Salary. The Executive shall receive a base salary at commencing on the annual rate Effective Date and during her employment hereunder of $250,000.00 175,000 per annum (the "Base Salary") during ), which amount may be increased annually at the Term discretion of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxesCompensation Committee of the Board (the "Committee"). The Base Salary shall be reviewed, at least annually, for merit increases and may, paid to Executive by action and the Company in accordance with the sole discretion of the Board, be increased at any time or Company's regular payroll practice as in effect from time to time.

Base Salary. The Executive shall receive a base salary Base Salary at the annual rate of $250,000.00 (the "Base Salary") 220,500 during the Term of Employment, with such Base Salary payable in installments consistent with the Company's ’s normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Compensation Committee of the Board, be increased at any time or from time to time, but may not be decreased from the then current Base Salary.”

Base Salary. The Executive shall receive a base salary Base Salary at the annual rate of $250,000.00 (the "Base Salary") 375,000.00, effective as of May 1, 2019, during the Term of Employment, with such Base Salary payable in installments consistent with the Company's ’s normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the BoardBoard (or its Compensation Committee), be increased at any time or from time to time, but may not be decreased from the then current Base Salary.

Base Salary. The Executive shall receive a base salary Base Salary at the annual rate of $250,000.00 (the "Base Salary") 466,400.16 during the Term of Employment, with such Base Salary payable in installments consistent with the Company's Insmed’s normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time, but may not be decreased from the then current Base Salary.

Base Salary. The During the Term, Executive shall receive a base salary at the annual a rate of $250,000.00 1,000,000 per annum (prorated for any partial year), which shall be paid in accordance with the customary payroll practices of the Company (the "“Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time”).

Base Salary. The During the Term, as compensation for his services hereunder, Executive shall receive a base salary at the annual annualized rate of $250,000.00 900,000.00 per year and, commencing on the Implementation Date, $1,000,000 per year (the "“Base Salary") during the Term of Employment” as shall be reviewed annually for possible increase), with such Base Salary payable which shall be paid in installments consistent accordance with the Company's ’s normal payroll schedulepractices and procedures, subject to less such deductions or offsets required by applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, law or otherwise authorized by action and in the sole discretion of the Board, be increased at any time or from time to timeExecutive.

Base Salary. The Executive shall will receive a base salary at the annual rate of US $250,000.00 (the "Base Salary") during the Term of Employment750,000 per annum, with such Base Salary payable in installments consistent accordance with the Company's ’s normal payroll schedulepractices (which currently provide for semi-monthly payments), subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases which the Board will review annually and may, by action and in the its sole discretion of the Boarddiscretion, be increased at any time or from time to timeincrease (but not decrease) (“Base Salary”).

Base Salary. The Executive shall receive a base salary Base Salary at the annual rate of $250,000.00 (the "Base Salary") 254,100 during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Compensation Committee of the Board, be increased at any time or from time to time, but may not be decreased from the then current Base Salary.

Base Salary. The Executive shall receive a an annual base salary at the annual rate of $250,000.00 one hundred and ninety six thousand, six hundred and thirty eight U.S. Dollars (US$196,638) (the "Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule“base salary”), subject to applicable standard federal and state payroll withholding and other taxesrequirements. The Base Salary base salary shall be reviewed, at least annually, for merit increases payable in equal periodic installments which are not less than on a monthly basis. The Company will review and may, by action and in may adjust the sole discretion of the Board, be increased at any time or base salary from time to time, usually annually.

Base Salary. The During the Term, Executive shall receive a base salary at the annual rate of $250,000.00 (the "Base Salary") during the Term at an annual rate of Employment$1 million through December 31, with such Base Salary payable in installments consistent with the Company2006. Thereafter, Executive's normal payroll schedule, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, $1.3 million. Base Salary shall be paid at least annually, for merit increases and may, by action such times and in such manner as the sole Company customarily pays the base salaries of its employees. In the event that Executive's base salary is increased by the Board in its discretion of the Board, be increased at any time or from time to timeduring the Term, such increased amount shall thereafter constitute the Base Salary.

Base Salary. The Executive shall receive a base salary at the annual rate of $250,000.00 (the "Base Salary") during the Term of Employment, with such Base Salary payable in equal bi-weekly installments consistent with the Company's normal payroll scheduleat an annual rate of $500,000, subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion effective as of the Board, be increased at any time or from time to time.January 1,

Base Salary. The As compensation for the services rendered hereunder, the Executive shall initially receive a an annual base salary at the annual rate of $250,000.00 1,000,000 (the "“Base Salary") during the Term of Employment”), with such Base Salary payable in installments consistent accordance with the Company's normal ’s customary payroll schedule, subject to applicable withholding and other taxespractices. The Base Salary shall be reviewedsubject to review on an annual basis (with the first such review being July 1, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time2018).

Base Salary. The Effective as of the Effective Date, the Executive shall receive a base salary at the annual annualized rate of $250,000.00 475,000 (the "“Base Salary") during the Term of Employment, with such Base Salary payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes”). The Executive’s Base Salary shall be reviewedpaid in equal installments in accordance with the Company’s regularly established payroll procedures. The Executive’s Base Salary will be reviewed on an annual or more frequent basis by the Board and, at least annuallyexcept as set forth in Section 7(c)(i), for merit increases and may, by action and is subject to increase (but not decrease) in the sole discretion of the Board, be increased at any time or from time to time.