Common use of Basic Salary Clause in Contracts

Basic Salary. The Corporation will pay the Employee during the ------------ term hereof for all services to be rendered hereunder a basic salary at the rate of two hundred thousand dollars ($200,000) per annum from the Effective Date through December 31, 2000; two hundred five thousand dollars ($205,000) per annum from January 1, 2001 through December 31, 2001; and two hundred ten thousand dollars ($210,000) per annum from January 1, 2002 to December 31, 2002. The foregoing basic salary shall be paid in such regular installments as are applied generally to salary period payments to other employees of the Corporation, but in no event less than twice monthly.

Basic Salary. The Corporation will pay the Employee during ------------ the ------------ term hereof for all services to be rendered hereunder a basic salary at the rate of two hundred thousand dollars ($200,000) per annum from the Effective Date through December 31November 15, 2000; two hundred seventy-five thousand dollars ($205,000275,000) per annum from January 1November 16, 2001 2000 through December 31, 2001; and two hundred ten eighty-five thousand dollars ($210,000285,000) per annum from January 1, 2002 to December 31, 2002. The foregoing basic salary shall be paid in such regular installments as are applied generally to salary period payments to other employees of the Corporation, but in no event less than twice monthly."

Basic Salary. The Corporation will pay the Employee during the ------------ term hereof for all services to be rendered hereunder a basic salary at the rate of two hundred thousand dollars ($200,000) per annum from the Effective Date through December 31November 15, 2000; two hundred seventy-five thousand dollars ($205,000275,000) per annum from January 1November 16, 2001 2000 through December 31, 2001; and two hundred ten eighty-five thousand dollars ($210,000285,000) per annum from January 1, 2002 to December 31, 2002. The foregoing basic salary shall be paid in such regular installments as are applied generally to salary period payments to other employees of the Corporation, but in no event less than twice monthly."

Basic Salary. The Corporation will pay the Employee during the ------------ term hereof for all services to be rendered hereunder a basic salary at the rate of two hundred thousand dollars ($200,000) per annum from the Effective Date through December 31, 20002002; two hundred five thousand dollars ($205,000) per annum from January 1, 2001 2003 through December 31, 20012003; and two hundred ten thousand dollars ($210,000) per annum from January 1, 2002 2004 to December 31, 2002the date occurring three years after the Effective Date. The foregoing basic salary shall be paid in such regular installments as are applied generally to salary period payments to other employees of the Corporation, but in no event less than twice monthly.

Basic Salary. The Corporation will pay the Employee during the ------------ term hereof for all services to be rendered hereunder a basic salary at the rate of two hundred thousand dollars ($200,000) per annum from the Effective Date through December 31, 2000; two hundred five thousand dollars ($205,000) per annum from January 1, 2001 through December 31, 2001; and two hundred ten thousand dollars ($210,000) per annum from January 1, 2002 to December 31, 2002. The foregoing basic salary shall be paid in such regular installments as are applied generally to salary period payments to other employees of the Corporation, but in no event less than twice monthly.