Document ID: 10101

Text:
3.1.1 During the Employment Period, Bandwidth will pay to Morken a salary at the initial rate of Three Hundred Seventy Five Thousand Dollars ( $375,000 ) per annum (the Base Salary). The Base Salary will be earned and paid in arrears, in equal installments, semi-monthly, or at such other interval as the Board directs, but no less often than once each month. At the beginning of each year during the Employment Period, Morken and the Board will in good faith review the Base Salary. Base Salary will be increased to mutually agreed upon levels consistent with the growth of Bandwidths business. Bandwidth shall be entitled to withhold, or cause to be withheld, any amount of federal, state, city or other withholding taxes or other amounts either required by law or authorized by Morken with respect to payments made to Morken in connection with his employment hereunder.

Named Entities:
29
32
Salary

Tokenized Text:
3
.
1
.
1
During
the
Employment
Period
,
Bandwidth
will
pay
to
Morken
a
salary
at
the
initial
rate
of
Three
Hundred
Seventy
Five
Thousand
Dollars
(
$
375
,
000
)
per
annum
(
the
Base
Salary
)
.
The
Base
Salary
will
be
earned
and
paid
in
arrears
,
in
equal
installments
,
semi-monthly
,
or
at
such
other
interval
as
the
Board
directs
,
but
no
less
often
than
once
each
month
.
At
the
beginning
of
each
year
during
the
Employment
Period
,
Morken
and
the
Board
will
in
good
faith
review
the
Base
Salary
.
Base
Salary
will
be
increased
to
mutually
agreed
upon
levels
consistent
with
the
growth
of
Bandwidths
business
.
Bandwidth
shall
be
entitled
to
withhold
,
or
cause
to
be
withheld
,
any
amount
of
federal
,
state
,
city
or
other
withholding
taxes
or
other
amounts
either
required
by
law
or
authorized
by
Morken
with
respect
to
payments
made
to
Morken
in
connection
with
his
employment
hereunder
.