Common use of Compensation and Employee Benefits Clause in Contracts

Compensation and Employee Benefits. (a) The Employee's base salary during the initial term of employment shall be no less than $150,000 commencing on the Effective Date payable in accordance with the Company's payroll practices as in effect from time to time. The Employee's base salary will be reviewed annually by the Company's Board of Directors (the "Board") to determine whether an increase is warranted or appropriate. The Employee also will be entitled to be considered for awards each year under the Company's then existing incentive compensation program, which may take into account individual and Company-wide performance, or such other performance criteria as the Board may from time to time apply.

Compensation and Employee Benefits. (a) The Employee's base salary during the initial term of employment shall be no less than $150,000 125,000 commencing on the Effective Date payable in accordance with the Company's payroll practices as in effect from time to time. The Employee's base salary will be reviewed annually by the Company's Board of Directors (the "Board") to determine whether an increase is warranted or appropriate. The Employee also will be entitled to be considered for awards each year under the Company's then existing incentive compensation bonus program, which may take into account individual and Company-wide performance, or such other performance criteria as the Board may from time to time apply.

Compensation and Employee Benefits. (a) The Employee's base salary during the initial term of employment shall be no less than $150,000 commencing on the Effective Date per year payable in accordance with the Company's payroll practices as in effect from time to time. The Employee's base salary will be reviewed annually by the Company's Board of Directors (the "Board") to determine whether an increase is warranted or appropriate. The Employee also will be entitled to be considered for awards each year under the Company's then existing incentive compensation bonus program, which may take into account individual and Company-wide performance, or such other performance criteria as the Board may from time to time apply.

Compensation and Employee Benefits. (a) The Employee's base salary during the initial term of employment shall be no less than $150,000 commencing on per year unless mutually agreed upon by the Effective Date parties, payable in accordance with the Company's payroll practices as in effect from time to time. The Employee's base salary will be reviewed annually by the Company's Board of Directors (the "Board") to determine whether an increase is warranted or appropriate. The Employee also will be entitled to be considered for awards each year under the Company's then existing incentive compensation bonus program, which may take into account individual and Company-wide performance, or such other performance criteria as the Board may from time to time apply.