Document ID: 11203

Text:
(a) Base Salary. As compensation for the performance of the Executives services hereunder, during the Employment Period, the Company shall pay to the Executive a salary at an annual rate of $350,000 , payable in accordance with the Companys standard payroll policies (the Base Salary). The Base Salary will be reviewed annually and may be adjusted upward (but not downward) by the board of directors of the Company (the Board) (or a committee thereof) in its discretion.

Named Entities:
36
39
Salary

Tokenized Text:
(
a
)
Base
Salary
.
As
compensation
for
the
performance
of
the
Executives
services
hereunder
,
during
the
Employment
Period
,
the
Company
shall
pay
to
the
Executive
a
salary
at
an
annual
rate
of
$
350
,
000
,
payable
in
accordance
with
the
Companys
standard
payroll
policies
(
the
Base
Salary
)
.
The
Base
Salary
will
be
reviewed
annually
and
may
be
adjusted
upward
(
but
not
downward
)
by
the
board
of
directors
of
the
Company
(
the
Board
)
(
or
a
committee
thereof
)
in
its
discretion
.