Document ID: 15183

Text:
Commencing as of the Effective Date, the Company shall pay the Executive an annual rate of base salary of at least US$650,000 , in periodic installments in accordance with the Company's customary U.S. payroll practices, but no less frequently than monthly. The Executive's base salary shall be reviewed annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive's annual base salary, as in effect from time to time, is hereinafter referred to as "Base Salary".

Named Entities:
22
26
Salary

Tokenized Text:
Commencing
as
of
the
Effective
Date
,
the
Company
shall
pay
the
Executive
an
annual
rate
of
base
salary
of
at
least
US
$
650
,
000
,
in
periodic
installments
in
accordance
with
the
Company
'
s
customary
U
.
S
.
payroll
practices
,
but
no
less
frequently
than
monthly
.
The
Executive
'
s
base
salary
shall
be
reviewed
annually
by
the
Board
and
the
Board
may
,
but
shall
not
be
required
to
,
increase
the
base
salary
during
the
Employment
Term
.
The
Executive
'
s
annual
base
salary
,
as
in
effect
from
time
to
time
,
is
hereinafter
referred
to
as
"
Base
Salary
"
.