Common use of Salary and Bonus Clause in Contracts

Salary and Bonus. The Executive shall receive a base salary during the Employment Term at a rate of $150,000 per annum for 2013 (the “Base Salary”), payable in substantially equal semi-monthly installments. The Compensation Committee of the Board shall consult with the Senior Vice President and review the Executive’s Base Salary at annual intervals, and may increase the Executive’s annual Base Salary from time to time as the Committee deems to be appropriate. Subject to Section 12, the Executive will have an annual cash bonus opportunity for each calendar year during the Employment Term (the “Annual Bonus”) based upon performance goals that are established by the Board or the Compensation Committee of the Board, as the case may be, in its sole discretion. In the event an Annual Bonus is payable pursuant to this Section 3, such bonus shall be paid to the Executive no later than March 15th of the year after the year to which the bonus relates.

Salary and Bonus. The Executive shall receive a base salary during the Employment Term at a rate of $150,000 375,000 per annum for 2013 2016 (the “Base Salary”), payable in substantially equal semi-monthly installments. The Compensation Committee of the Board shall consult with the Senior Executive Vice President and review the Executive’s Base Salary at annual intervals, and may increase the Executive’s annual Base Salary from time to time as the Committee deems to be appropriate. Subject to Section 12, the Executive will have an annual cash bonus opportunity for each calendar year during the Employment Term (the “Annual Bonus”) based upon performance goals that are established by the Board or the Compensation Committee of the Board, as the case may be, in its sole discretion. In the event an Annual Bonus is payable pursuant to this Section 3, such bonus shall be paid to the Executive no later than March 15th of the year after the year to which the bonus relates.

Salary and Bonus. The Executive shall receive a base salary during the Employment Term at a rate of $150,000 473,000 per annum for 2013 2018 (the “Base Salary”), payable in substantially equal semi-monthly installments. The Compensation Committee of the Board shall consult with the Senior Vice President EVP-CFO and review the Executive’s 's Base Salary at annual intervals, and may increase the Executive’s 's annual Base Salary from time to time as the Committee deems to be appropriate. Subject to Section 12, the Executive will have an annual cash bonus opportunity for each calendar year during the Employment Term (the “"Annual Bonus”") based upon performance goals that are established by the Board or the Compensation Committee of the Board, as the case may be, in its sole discretion. In the event an Annual Bonus is payable pursuant to this Section 3, such bonus shall be paid to the Executive no later than March 15th of the year after the year to which the bonus relates.

Salary and Bonus. The Executive shall receive a base salary during the Employment Term at a rate of $150,000 412,000 per annum for 2013 2021 (the “Base Salary”), payable in substantially equal semi-monthly installments. The Compensation Committee of the Board shall consult with the Senior Vice President EVP-Asset Management and review the Executive’s Base Salary at annual intervals, and may increase the Executive’s annual Base Salary from time to time as the Committee deems to be appropriate. Subject to Section 12, 12 the Executive will have an annual cash bonus opportunity for each calendar year during the Employment Term (the “Annual Bonus”) based upon performance goals that are established by the Board or the Compensation Committee of the Board, as the case may be, in its sole discretion. In the event an Annual Bonus is payable pursuant to this Section 3, such bonus shall be paid to the Executive no later than March 15th of the year after the year to which the bonus relates.

Salary and Bonus. The Executive shall receive a base salary during the Employment Term at a rate of $150,000 865,000 per annum for 2013 2021 (the “Base Salary”), payable in substantially equal semi-monthly installments. The Compensation Committee of the Board shall consult with the Senior Vice President CEO and review the Executive’s Base Salary at annual intervals, and may increase the Executive’s annual Base Salary from time to time as the Committee deems to be appropriate. Subject to Section 12, 12 the Executive will have an annual cash bonus opportunity for each calendar year during the Employment Term (the “Annual Bonus”) based upon performance goals that are established by the Board or the Compensation Committee of the Board, as the case may be, in its sole discretion. In the event an Annual Bonus is payable pursuant to this Section 3, such bonus shall be paid to the Executive no later than March 15th of the year after the year to which the bonus relates.

Salary and Bonus. The Executive shall receive a base salary during the Employment Term at a rate of $150,000 200,000 per annum for 2013 (the “Base Salary”), payable in substantially equal semi-monthly installments. The Compensation Committee of the Board shall consult with the Senior Vice President CIO and review the Executive’s Base Salary at annual intervals, and may increase the Executive’s annual Base Salary from time to time as the Committee deems to be appropriate. Subject to Section 12, the Executive will have an annual cash bonus opportunity for each calendar year during the Employment Term (the “Annual Bonus”) based upon performance goals that are established by the Board or the Compensation Committee of the Board, as the case may be, in its sole discretion. In the event an Annual Bonus is payable pursuant to this Section 3, such bonus shall be paid to the Executive no later than March 15th of the year after the year to which the bonus relates.

Salary and Bonus. The Executive shall receive a base salary during the Employment Term at a rate of $150,000 315,000 per annum for 2013 2018 (the “Base Salary”), payable in substantially equal semi-monthly installments. The Compensation Committee of the Board shall consult with the Senior Vice President SVP-Asset Management and review the Executive’s 's Base Salary at annual intervals, and may increase the Executive’s 's annual Base Salary from time to time as the Committee deems to be appropriate. Subject to Section 12, the Executive will have an annual cash bonus opportunity for each calendar year during the Employment Term (the “"Annual Bonus”") based upon performance goals that are established by the Board or the Compensation Committee of the Board, as the case may be, in its sole discretion. In the event an Annual Bonus is payable pursuant to this Section 3, such bonus shall be paid to the Executive no later than March 15th of the year after the year to which the bonus relates.

Salary and Bonus. The Executive shall receive a base salary during the Employment Term at a rate of $150,000 285,000 per annum for 2013 2016 (the “Base Salary”), payable in substantially equal semi-monthly installments. The Compensation Committee of the Board shall consult with the Senior Vice President and review the Executive’s Base Salary at annual intervals, and may increase the Executive’s annual Base Salary from time to time as the Committee deems to be appropriate. Subject to Section 12, the Executive will have an annual cash bonus opportunity for each calendar year during the Employment Term (the “Annual Bonus”) based upon performance goals that are established by the Board or the Compensation Committee of the Board, as the case may be, in its sole discretion. In the event an Annual Bonus is payable pursuant to this Section 3, such bonus shall be paid to the Executive no later than March 15th of the year after the year to which the bonus relates.

Salary and Bonus. The Executive shall receive a base salary during the Employment Term at a rate of $150,000 497,000 per annum for 2013 2019 (the “Base Salary”), payable in substantially equal semi-monthly installments. The Compensation Committee of the Board shall consult with the Senior Vice President EVP-CFO and review the Executive’s 's Base Salary at annual intervals, and may increase the Executive’s 's annual Base Salary from time to time as the Committee deems to be appropriate. Subject to Section 12, 12 the Executive will have an annual cash bonus opportunity for each calendar year during the Employment Term (the “"Annual Bonus”") based upon performance goals that are established by the Board or the Compensation Committee of the Board, as the case may be, in its sole discretion. In the event an Annual Bonus is payable pursuant to this Section 3, such bonus shall be paid to the Executive no later than March 15th of the year after the year to which the bonus relates.

Salary and Bonus. The Executive shall receive a base salary during the Employment Term at a rate of $150,000 324,000 per annum for 2013 2021 (the “Base Salary”), payable in substantially equal semi-monthly installments. The Compensation Committee of the Board shall consult with the Senior Vice President SVP-C and review the Executive’s Base Salary at annual intervals, and may increase the Executive’s annual Base Salary from time to time as the Committee deems to be appropriate. Subject to Section 12, 12 the Executive will have an annual cash bonus opportunity for each calendar year during the Employment Term (the “Annual Bonus”) based upon performance goals that are established by the Board or the Compensation Committee of the Board, as the case may be, in its sole discretion. In the event an Annual Bonus is payable pursuant to this Section 3, such bonus shall be paid to the Executive no later than March 15th of the year after the year to which the bonus relates.

Salary and Bonus. The Executive shall receive a base salary during the Employment Term at a rate of $150,000 497,000 per annum for 2013 2019 (the “Base Salary”), payable in substantially equal semi-monthly installments. The Compensation Committee of the Board shall consult with the Senior Vice President EVP-CIO and review the Executive’s 's Base Salary at annual intervals, and may increase the Executive’s 's annual Base Salary from time to time as the Committee deems to be appropriate. Subject to Section 12, 12 the Executive will have an annual cash bonus opportunity for each calendar year during the Employment Term (the “"Annual Bonus”") based upon performance goals that are established by the Board or the Compensation Committee of the Board, as the case may be, in its sole discretion. In the event an Annual Bonus is payable pursuant to this Section 3, such bonus shall be paid to the Executive no later than March 15th of the year after the year to which the bonus relates.

Salary and Bonus. The Executive shall receive a base salary during the Employment Term at a rate of $150,000 331,000 per annum for 2013 2018 (the “Base Salary”), payable in substantially equal semi-monthly installments. The Compensation Committee of the Board shall consult with the Senior Vice President SVP-General Counsel and review the Executive’s 's Base Salary at annual intervals, and may increase the Executive’s 's annual Base Salary from time to time as the Committee deems to be appropriate. Subject to Section 12, the Executive will have an annual cash bonus opportunity for each calendar year during the Employment Term (the “"Annual Bonus”") based upon performance goals that are established by the Board or the Compensation Committee of the Board, as the case may be, in its sole discretion. In the event an Annual Bonus is payable pursuant to this Section 3, such bonus shall be paid to the Executive no later than March 15th of the year after the year to which the bonus relates.

Salary and Bonus. The Executive shall receive a base salary during the Employment Term at a rate of $150,000 324,000 per annum for 2013 2021 (the “Base Salary”), payable in substantially equal semi-monthly installments. The Compensation Committee of the Board shall consult with the Senior Vice President SVP-Deputy CIO and review the Executive’s Base Salary at annual intervals, and may increase the Executive’s annual Base Salary from time to time as the Committee deems to be appropriate. Subject to Section 12, 12 the Executive will have an annual cash bonus opportunity for each calendar year during the Employment Term (the “Annual Bonus”) based upon performance goals that are established by the Board or the Compensation Committee of the Board, as the case may be, in its sole discretion. In the event an Annual Bonus is payable pursuant to this Section 3, such bonus shall be paid to the Executive no later than March 15th of the year after the year to which the bonus relates.

Salary and Bonus. The Executive shall receive a base salary during the Employment Term at a rate of $150,000 512,000 per annum for 2013 2021 (the “Base Salary”), payable in substantially equal semi-monthly installments. The Compensation Committee of the Board shall consult with the Senior Vice President EVP-CFO and review the Executive’s Base Salary at annual intervals, and may increase the Executive’s annual Base Salary from time to time as the Committee deems to be appropriate. Subject to Section 12, 12 the Executive will have an annual cash bonus opportunity for each calendar year during the Employment Term (the “Annual Bonus”) based upon performance goals that are established by the Board or the Compensation Committee of the Board, as the case may be, in its sole discretion. In the event an Annual Bonus is payable pursuant to this Section 3, such bonus shall be paid to the Executive no later than March 15th of the year after the year to which the bonus relates.

Salary and Bonus. The Executive shall receive a base salary during the Employment Term at a rate of $150,000 348,000 per annum for 2013 2019 (the “Base Salary”), payable in substantially equal semi-monthly installments. The Compensation Committee of the Board shall consult with the Senior Vice President CAAO and review the Executive’s 's Base Salary at annual intervals, and may increase the Executive’s 's annual Base Salary from time to time as the Committee deems to be appropriate. Subject to Section 12, 12 the Executive will have an annual cash bonus opportunity for each calendar year during the Employment Term (the “"Annual Bonus”") based upon performance goals that are established by the Board or the Compensation Committee of the Board, as the case may be, in its sole discretion. In the event an Annual Bonus is payable pursuant to this Section 3, such bonus shall be paid to the Executive no later than March 15th of the year after the year to which the bonus relates.

Salary and Bonus. The Executive shall receive a base salary during the Employment Term at a rate of $150,000 315,000 per annum for 2013 2016 (the “Base Salary”), payable in substantially equal semi-monthly installments. The Compensation Committee of the Board shall consult with the Senior Vice President Executive and review the Executive’s Base Salary at annual intervals, and may increase the Executive’s annual Base Salary from time to time as the Committee deems to be appropriate. Subject to Section 12, the Executive will have an annual cash bonus opportunity for each calendar year during the Employment Term (the “Annual Bonus”) based upon performance goals that are established by the Board or the Compensation Committee of the Board, as the case may be, in its sole discretion. In the event an Annual Bonus is payable pursuant to this Section 3, such bonus shall be paid to the Executive no later than March 15th of the year after the year to which the bonus relates.

Salary and Bonus. The Executive shall receive a base salary during the Employment Term at a rate of $150,000 315,000 per annum for 2013 2018 (the “Base Salary”), payable in substantially equal semi-monthly installments. The Compensation Committee of the Board shall consult with the Senior Vice President SVP-CAAO and review the Executive’s 's Base Salary at annual intervals, and may increase the Executive’s 's annual Base Salary from time to time as the Committee deems to be appropriate. Subject to Section 12, the Executive will have an annual cash bonus opportunity for each calendar year during the Employment Term (the “"Annual Bonus”") based upon performance goals that are established by the Board or the Compensation Committee of the Board, as the case may be, in its sole discretion. In the event an Annual Bonus is payable pursuant to this Section 3, such bonus shall be paid to the Executive no later than March 15th of the year after the year to which the bonus relates.

Salary and Bonus. The Executive shall receive a base salary during the Employment Term at a rate of $150,000 450,000 per annum for 2013 2016 (the “Base Salary”), payable in substantially equal semi-monthly installments. The Compensation Committee of the Board shall consult with the Senior Executive Vice President and review the Executive’s Base Salary at annual intervals, and may increase the Executive’s annual Base Salary from time to time as the Committee deems to be appropriate. Subject to Section 12, the Executive will have an annual cash bonus opportunity for each calendar year during the Employment Term (the “Annual Bonus”) based upon performance goals that are established by the Board or the Compensation Committee of the Board, as the case may be, in its sole discretion. In the event an Annual Bonus is payable pursuant to this Section 3, such bonus shall be paid to the Executive no later than March 15th of the year after the year to which the bonus relates.

Salary and Bonus. The Executive shall receive a base salary during the Employment Term at a rate of $150,000 300,000 per annum for 2013 (the “Base Salary”), payable in substantially equal semi-monthly installments. The Compensation Committee of the Board shall consult with the Senior Vice President CEO and review the Executive’s Base Salary at annual intervals, and may increase the Executive’s annual Base Salary from time to time as the Committee deems to be appropriate. Subject to Section 12, the Executive will have an annual cash bonus opportunity for each calendar year during the Employment Term (the “Annual Bonus”) based upon performance goals that are established by the Board or the Compensation Committee of the Board, as the case may be, in its sole discretion. In the event an Annual Bonus is payable pursuant to this Section 3, such bonus shall be paid to the Executive no later than March 15th of the year after the year to which the bonus relates.

Salary and Bonus. The Executive shall receive a base salary during the Employment Term at a rate of $150,000 260,000 per annum for 2013 2021 (the “Base Salary”), payable in substantially equal semi-monthly installments. The Compensation Committee of the Board shall consult with the Senior Vice President SVP-Leasing and review the Executive’s Base Salary at annual intervals, and may increase the Executive’s annual Base Salary from time to time as the Committee deems to be appropriate. Subject to Section 12, the Executive will have an annual cash bonus opportunity for each calendar year during the Employment Term (the “Annual Bonus”) based upon performance goals that are established by the Board or the Compensation Committee of the Board, as the case may be, in its sole discretion. In the event an Annual Bonus is payable pursuant to this Section 3, such bonus shall be paid to the Executive no later than March 15th of the year after the year to which the bonus relates.

Salary and Bonus. The Executive shall receive a base salary during the Employment Term at a rate of $150,000 260,000 per annum for 2013 2021 (the “Base Salary”), payable in substantially equal semi-monthly installments. The Compensation Committee of the Board shall consult with the Senior Vice President SVP-Asset Management and review the Executive’s Base Salary at annual intervals, and may increase the Executive’s annual Base Salary from time to time as the Committee deems to be appropriate. Subject to Section 12, 12 the Executive will have an annual cash bonus opportunity for each calendar year during the Employment Term (the “Annual Bonus”) based upon performance goals that are established by the Board or the Compensation Committee of the Board, as the case may be, in its sole discretion. In the event an Annual Bonus is payable pursuant to this Section 3, such bonus shall be paid to the Executive no later than March 15th of the year after the year to which the bonus relates.

Salary and Bonus. The Executive shall receive a base salary during the Employment Term at a rate of $150,000 800,000 per annum for 2013 2018 (the “Base Salary”), payable in substantially equal semi-monthly installments. The Compensation Committee of the Board shall consult with the Senior Vice President CEO and review the Executive’s 's Base Salary at annual intervals, and may increase the Executive’s 's annual Base Salary from time to time as the Committee deems to be appropriate. Subject to Section 12, the Executive will have an annual cash bonus opportunity for each calendar year during the Employment Term (the “"Annual Bonus”") based upon performance goals that are established by the Board or the Compensation Committee of the Board, as the case may be, in its sole discretion. In the event an Annual Bonus is payable pursuant to this Section 3, such bonus shall be paid to the Executive no later than March 15th of the year after the year to which the bonus relates.

Salary and Bonus. The Executive shall receive a base salary during the Employment Term at a rate of $150,000 512,000 per annum for 2013 2021 (the “Base Salary”), payable in substantially equal semi-monthly installments. The Compensation Committee of the Board shall consult with the Senior Vice President EVP-CIO and review the Executive’s Base Salary at annual intervals, and may increase the Executive’s annual Base Salary from time to time as the Committee deems to be appropriate. Subject to Section 12, 12 the Executive will have an annual cash bonus opportunity for each calendar year during the Employment Term (the “Annual Bonus”) based upon performance goals that are established by the Board or the Compensation Committee of the Board, as the case may be, in its sole discretion. In the event an Annual Bonus is payable pursuant to this Section 3, such bonus shall be paid to the Executive no later than March 15th of the year after the year to which the bonus relates.

Salary and Bonus. The Executive shall receive a base salary during the Employment Term at a rate of $150,000 473,000 per annum for 2013 2018 (the “Base Salary”), payable in substantially equal semi-monthly installments. The Compensation Committee of the Board shall consult with the Senior Vice President EVP-CIO and review the Executive’s 's Base Salary at annual intervals, and may increase the Executive’s 's annual Base Salary from time to time as the Committee deems to be appropriate. Subject to Section 12, the Executive will have an annual cash bonus opportunity for each calendar year during the Employment Term (the “"Annual Bonus”") based upon performance goals that are established by the Board or the Compensation Committee of the Board, as the case may be, in its sole discretion. In the event an Annual Bonus is payable pursuant to this Section 3, such bonus shall be paid to the Executive no later than March 15th of the year after the year to which the bonus relates.

Salary and Bonus. The Executive shall receive a base salary during the Employment Term at a rate of $150,000 300,000 per annum for 2013 2016 (the “Base Salary”), payable in substantially equal semi-monthly installments. The Compensation Committee of the Board shall consult with the Senior Vice President and review the Executive’s Base Salary at annual intervals, and may increase the Executive’s annual Base Salary from time to time as the Committee deems to be appropriate. Subject to Section 12, the Executive will have an annual cash bonus opportunity for each calendar year during the Employment Term (the “Annual Bonus”) based upon performance goals that are established by the Board or the Compensation Committee of the Board, as the case may be, in its sole discretion. In the event an Annual Bonus is payable pursuant to this Section 3, such bonus shall be paid to the Executive no later than March 15th of the year after the year to which the bonus relates.

Salary and Bonus. The Executive shall receive a base salary during the Employment Term at a rate of $150,000 375,000 per annum for 2013 2021 (the “Base Salary”), payable in substantially equal semi-monthly installments. The Compensation Committee of the Board shall consult with the Senior Vice President CAAO and review the Executive’s Base Salary at annual intervals, and may increase the Executive’s annual Base Salary from time to time as the Committee deems to be appropriate. Subject to Section 12, 12 the Executive will have an annual cash bonus opportunity for each calendar year during the Employment Term (the “Annual Bonus”) based upon performance goals that are established by the Board or the Compensation Committee of the Board, as the case may be, in its sole discretion. In the event an Annual Bonus is payable pursuant to this Section 3, such bonus shall be paid to the Executive no later than March 15th of the year after the year to which the bonus relates.

Salary and Bonus. The Executive shall receive a base salary during the Employment Term at a rate of $150,000 840,000 per annum for 2013 2019 (the “Base Salary”), payable in substantially equal semi-monthly installments. The Compensation Committee of the Board shall consult with the Senior Vice President CEO and review the Executive’s 's Base Salary at annual intervals, and may increase the Executive’s 's annual Base Salary from time to time as the Committee deems to be appropriate. Subject to Section 12, 12 the Executive will have an annual cash bonus opportunity for each calendar year during the Employment Term (the “"Annual Bonus”") based upon performance goals that are established by the Board or the Compensation Committee of the Board, as the case may be, in its sole discretion. In the event an Annual Bonus is payable pursuant to this Section 3, such bonus shall be paid to the Executive no later than March 15th of the year after the year to which the bonus relates.

Salary and Bonus. The Executive shall receive a base salary during the Employment Term at a rate of $150,000 400,000 per annum for 2013 2019 (the “Base Salary”), payable in substantially equal semi-monthly installments. The Compensation Committee of the Board shall consult with the Senior Vice President EVP-Asset Management and review the Executive’s 's Base Salary at annual intervals, and may increase the Executive’s 's annual Base Salary from time to time as the Committee deems to be appropriate. Subject to Section 12, 12 the Executive will have an annual cash bonus opportunity for each calendar year during the Employment Term (the “"Annual Bonus”") based upon performance goals that are established by the Board or the Compensation Committee of the Board, as the case may be, in its sole discretion. In the event an Annual Bonus is payable pursuant to this Section 3, such bonus shall be paid to the Executive no later than March 15th of the year after the year to which the bonus relates.

Salary and Bonus. The Executive shall receive a base salary during the Employment Term at a rate of $150,000 250,000 per annum for 2013 2019 (the “Base Salary”), payable in substantially equal semi-monthly installments. The Compensation Committee of the Board shall consult with the Senior Vice President SVP-C and review the Executive’s 's Base Salary at annual intervals, and may increase the Executive’s 's annual Base Salary from time to time as the Committee deems to be appropriate. Subject to Section 12, 12 the Executive will have an annual cash bonus opportunity for each calendar year during the Employment Term (the “"Annual Bonus”") based upon performance goals that are established by the Board or the Compensation Committee of the Board, as the case may be, in its sole discretion. In the event an Annual Bonus is payable pursuant to this Section 3, such bonus shall be paid to the Executive no later than March 15th of the year after the year to which the bonus relates.